Tag: Bank of Ghana
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Ghana Cedi Slips Again: Interbank Rate Hits GH¢10.75 per Dollar as January 2026 Starts on a Weaker Note
February starts with a softer cedi against the dollar The Ghanaian cedi opened the second week of January 2026 weaker on the Bank of Ghana’s interbank foreign exchange market, trading at around GH¢10.75 to one US dollar. Data released by the central bank on Thursday, January 15, 2026, showed the dollar buying at GH¢10.74 at…
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Public Accounts Committee Grills BoG Governor Over Gold for Reserves Losses
Background: Gold for Reserves under scrutiny The Public Accounts Committee (PAC) in Ghana raised pointed questions this week about the country’s Gold for Reserves program as it examined the Bank of Ghana (BoG) and its handling of reserves management. The inquiry, led by PAC Chair Abena Osei-Asare on Monday, January 12, 2026, focused on the…
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Abena Osei-Asare Grills BoG on Gold Reserves Losses
Ghana’s Public Accounts Committee confronts the Bank of Ghana The ongoing saga around Gold for Reserves losses took a sharp turn during a recent appearance before Parliament’s Public Accounts Committee (PAC). Chairperson Abena Osei-Asare thrust a line of questioning at the Bank of Ghana (BoG) Governor, Dr Johnson Asiama, demanding accountability on a matter that…
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Abena Osei-Asare Grills BoG Governor Over Gold for Reserves Losses
Ghana’s Public Accounts Committee presses Bank of Ghana on Gold for Reserves losses The Public Accounts Committee (PAC) of Parliament in Ghana intensified its scrutiny of the Bank of Ghana (BoG) during the appearance of the central bank’s Governor, Dr. Johnson Asiama, before the committee on Monday, January 12, 2026. The session, led by PAC…
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GoldBod Trading Losses Could Rise, Boako Allegedly Claims
Ghana’s Financial Watch Turns to GoldBod Ghana’s financial landscape is again in the spotlight as Dr. Gideon Boako, the Tano North MP and spokesperson for the presidency, asserts that additional losses tied to GoldBod could emerge in the Bank of Ghana’s audited accounts beyond the $214 million already reported by the International Monetary Fund (IMF).…
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Boako Claims Additional GoldBod Losses Could Hit Bank of Ghana Audits Beyond IMF Figure
Overview of the Claim Ghanaian economist and Tano North Member of Parliament Dr. Gideon Boako has raised questions about the full extent of losses linked to GoldBod, a state-owned or state-linked entity in the country’s financial landscape. Speaking in an interview on January 8, 2026, Boako suggested that ongoing financial developments could reveal additional losses…
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Boako Suggests GoldBod Losses Could Surpass IMF-Reported $214 Million in Bank of Ghana Accounts
Overview The conversation around GoldBod’s financial exposure has intensified following remarks by Dr. Gideon Boako, the Member of Parliament for Tano North and a close adviser to the government. In a hardly subtle warning, he suggested that losses linked to the GoldBod saga could extend beyond the $214 million already cited by the International Monetary…
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Bank of Ghana Ends 2025 with Record $13.8B in Reserves
BoG closes 2025 on a high note The Bank of Ghana (BoG) concluded 2025 with international reserves totaling a record $13.8 billion, according to multiple sources close to the central bank. The milestone underscores a year of monetary stability and rising confidence in the domestic economy amid global financial shifts. What contributed to the landmark…
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BoG Ends 2025 with Record International Reserves of $13.8 Billion
BoG Concludes 2025 with Record Reserves The Bank of Ghana (BoG) finished 2025 with its international reserves standing at a record $13.8 billion, according to sources familiar with the central bank’s balance sheet. This milestone underscores a year of both strategic accumulations and selective outflows, reflecting the complexities of managing liquidity in a developing economy.…
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Bank of Ghana Ends 2025 with Record $13.8 Billion in International Reserves
BoG closes 2025 on a high note with record reserves The Bank of Ghana (BoG) finished the year 2025 with its international reserves standing at a record $13.8 billion, according to sources cited by JoyBusiness. This milestone marks a significant milestone for the country’s liquidity position and provides a buffer for the economy amid ongoing…