Bank of Ghana

The Bank of Ghana recorded a profit of ¢1.23 billion in 2021, lower than ¢1.57 billion was recorded in 2020, its 2021 Audited Financial Statement has revealed. Out of the income, ¢981.4 million has been set aside to purchase gold...

Banks wrote off ¢349.36 million as bad debt in the February 2022, the Domestic Money Banks Income Statement has revealed. This is lower than the ¢364.46 million recorded in February 2021. The total provisioning comprising loan losses, depreciation, among others...

On 31 January, the BoG maintained the policy rate at 14.5%, citing sharp increases in energy prices and growing pressures of demand. The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) on Monday (21 March 2022) raised the...