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Mobile Money float hits GHS13.2 billion in April 2023

Actual mobile money transaction float in Ghana was GHS13.2 billion in April 2023 alone, which indicates a 37.5% increase year-on-year from GHS9.6 billion in...

Cross-border transfer fraud – BoG, EOCO investigate

Recent developments have brought to the forefront a series of card fraud schemes that have left unsuspecting customers grappling with unauthorized money transfers and...

Banking sector solvent – BoG

The Bank of Ghana (BoG) has reiterated that the banking sector remains solvent and strong to support economic growth despite the recent challenges faced...

SIM deactivation to force-churn loads of Mobile Money wallets

Telecom and mobile money wallet operators in the country are worried that the scheduled mass deactivation of SIM cards on Monday, April 17, as...

BoG, Ghana Air Force commission Helipad to airlift money to Sefwi...

The Bank of Ghana (BoG) in collaboration with the Ghana Air Force has commissioned a newly constructed Helipad to help lift hard currencies to...

IMF assigns Financial Supervision Adviser to Bank of Ghana

The International Monetary Fund (IMF) has assigned a Resident Adviser in financial sector supervision to the Bank of Ghana (BoG) to provide technical assistance...

BoG debunks claims IMF exposed extent of government overdraft

The Bank of Ghana (BoG) has debunked claims that it connived with government to conceal the true extent of government's overdraft until the International...

BoG attribute Cedi depreciation to pressures in the economy

Governor of the Bank of Ghana (BoG), Dr Ernest Addison has attributed the depreciation of the Cedi against the main foreign currencies to “day...

MTN raises MoMo transaction limit, wallet balance

MTN MoMo has implemented the Bank of Ghana (BoG) approved increase in daily and monthly transaction limits as well as maximum wallet balances. The wallet...

Bank of Ghana debunks fire outbreak allegation

Bank of Ghana (BoG) has refuted allegations on social media that fire had gutted the central bank. A brief statement from the public affairs department...


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