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All mobile money transfers of GH¢100 and below will attract no charges from service providers for the next three months, subject to review, the Bank of Ghana has announced. The new move begins Friday, March 20, 2020. It is part of various measures outlined by telecommunication...

The Bank of Ghana (BoG) has announced the introduction of new higher denominations for Ghana cedi banknotes. These being GH¢100 and GH¢200 banknotes.

Twenty-three micro-finance institutions (MFIs), which were collapsed by the Bank of Ghana (BoG) on May 31, have agreed to pay their customers from their own resources. This means that customers of these companies will not be paid by the Receiver, Mr Eric Nana Nipah of...

The Bank of Ghana has given detailed reasons on why it revoked the licences of 23 insolvent savings and loans companies and finance house companies. A statement issued by the BoG on Friday, August 16, 2019 said the revocation of the licences of the institutions had become...