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Business
BoG introduces new FX market reference rate methodology
The Bank of Ghana (BoG) has unveiled a new methodology for calculating its Foreign Exchange (FX) Market Reference Rate (MRR), aiming to enhance the accuracy of the rate to better…
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MTN Ghana opens nominations for Heroes Of Change 7
The MTN Ghana Foundation is inviting nominations for the seventh edition of its flagship program, MTN Heroes of Change. The nominations platform has been opened for the public to…
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GIR surges to $7.5bn; trade surplus hits $2.78bn by August
Ghana’s Gross International Reserves rose by $1.58 billion, reaching $7.5 billion at the end of August 2024, the Bank of Ghana's Monetary Policy Committee (MPC) has disclosed.
This…
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Dr Orleans-Lindsay adjudged Business Personality of the Year 2023
Executive Chairman of JL Holdings Ghana, Dr. James Orleans-Lindsay has been adjudged the business personality of the year 2023 at the 11th Made in Ghana awards held in Accra.
The award…
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Treasury Bill yields rise, Cedi weakens
The latest Treasury bill auction saw a significant drop in investor demand, with the government raising GH₵4.39 billion, falling short of its target of GH₵5.88 billion.
This…
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Republic Bank Ghana targets dividend payments by 2026
Republic Bank (Ghana) PLC has reassured its shareholders that dividend payments will resume by the 2026 Annual General Meeting (AGM).
This assurance was delivered by the bank's…
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Management Refutes False Claim of CBG Sale
The management of Consolidated Bank Ghana Limited (CBG) has denied rumors suggesting the sale of the bank. In an official statement, the CBG emphasized that the Government of Ghana…
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BDC’s request over $1.2bn, but BoG auctioned only $300m
The Bank of Ghana's (BoG) inability to provide sufficient Dollars to Bulk Oil Distribution Companies (BDCs) for importing petroleum products is exacerbating the cedi's depreciation.…
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GH¢95m recovered from attempted fraud on banks, SDIs
Despite significant efforts to curb financial fraud, the banking and SDI sectors in Ghana experienced an alarming rise in loss values due to fraud in 2023.
However, collaborative…
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GH¢72m stolen from customers’ accounts at banks, SDIs
While the number of attempted fraud cases in the banking and Specialized Deposit-taking Institutions (SDI) sectors declined sharply by 59% in 2023 compared to 2022, the total loss value…
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