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Ghana's central bank kept its main interest rate unchanged at 19%, Governor Ernest Addison said on Monday, citing a deceleration of the rate of inflation and concerns over economic growth. The ...
In September 2021, the Bank of Ghana began the process of withdrawing GH₵1 and GH₵2 notes from circulation to encourage the use of coins of their corresponding face values. [ 8 ] [ 9 ] In August 2022, accelerating inflation and continued economic mismanagement has caused the cedi's value to drop to 10 U.S. cents (GH₵10 = US$1). [ 10 ]
The Bank of Ghana (abbreviated as BoG) is the Central Bank of Ghana. It is located in Accra and was formed in 1957. [2] The Bank of Ghana has Seven Regional Offices in addition to its head office in Accra. The regional offices are located in the following cities, Hohoe, Kumasi, Sunyani, Tamale, Takoradi, Bolgatanga, Wa. The regional offices are ...
The Ghana Stock Exchange (GSE) is the principal stock exchange of Ghana.The exchange was incorporated in July 1989 with trading commencing in 1990. It currently lists 42 equities (from 37 companies) and 2 corporate bonds. [1]
It also is home to the Ghana Stock Exchange (GSE) and a host of other prestigious companies and banks. Consisting of fourteen floors with two additional underground floors, the CEDI House is one of the tallest buildings in the country and its proximity to the Central Business District of Accra makes it a prime office location for top companies.
Prior to joining the IMF in 2009, Opoku-Afari worked for 13 years at the Bank of Ghana, rising through the ranks to become the Head of the Special Studies Division in the Research Department between January 2005 and June 2006, and later elevated to the position of the Special Assistant to the Governor of Bank of Ghana from June 2006 until he ...
On 4 April 2013, he was sworn in as the substantive Governor of the Bank of Ghana by President John Dramani Mahama. [9] He served until 2017. A prolific speaker, Wampah has presented before numerous national and international fora, particularly in the areas of monetary policy, public finance, and development economics.
The E-Cedi is a proposed central bank digital currency (CBDC) for Ghana. Dr. Ernest Addison is the Governor of the Bank of Ghana. In June 2021, he announced the development of the E-Cedi. CBDC currencies are digital currencies that digitize a country's fiat currency.