Tag: Bank of Ghana
BREAKING: BoG fines, suspends forex licenses of Fidelity and FNB
The Bank of Ghana has temporarily suspended the foreign exchange (forex) licenses of Fidelity Bank and First National Bank (FNB) for flouting forex regulations...
Mobile money fraud increased 117% in 2022 – BoG Report
Mobile money fraudster succeeded in stealing GH¢26 million from Ghanaians in 2022, representing a significant 117% increase from GH¢12 million a year before.
Per the...
3 financial fraud types grow exponentially in 2022
At least three financial fraud types saw some exponential growth in 2022, compared to the numbers recorded in 2021.
The three were cyber/email fraud, fraudulent...
Banking & MoMo Fraud: GHS82 million lost in 2022
In 2022, financial institutions in the country recorded a significant loss of GHS82 million in a total of 15,164 fraud incidents during the course...
Zeepay CEO calls for Settlement Banks to help stabilize local currencies
Andrew Takyi-Appiah, the CEO of leading mobile money firm and number on Ghana Club100, Zeepay has called on Africa's financial sector regulators to establish...
BoG takes steps to curb cyber threats
The Bank of Ghana (BoG) has inaugurated an advanced command centre, the latest in its cybersecurity infrastructure, established to ensure the delivery of a...
DatesCash App imposes loan on user, demands 80% interest in two...
A personal quick loan app called DatesCash on both Google Play and Apple stores is in the practice of imposing loans on app users...
BoG and the Money Bouquet – my take
Now it looks like everyone is obsessed with social media trends. And I am not talking about the people who do money bouquet and...
BoG gets presidential award for role in Covid-19 fight
Bank of Ghana (BOG) has been recognized by President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo for the distinguished roles it played...
Ghana’s public debt stood at GH¢575.7bn in November 2022 – BoG
Ghana’s public debt stock stood at ¢575.7 billion at the end of November 2022, which is about 93.5% of Gross Domestic Product, the Bank...