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The original Bank of Ghana Ordinance (No.34) of 1957 was replaced by the Bank of Ghana Act (1963), Act 182, which was later amended by the Bank of Ghana (Amendment Act) 1965, (Act 282). Eventually, the Bank of Ghana Law, 1992 PNDCL 291, consolidated the legal framework for the bank by repealing both Acts 182 and 282. [6] [5]
Paper savings bonds: If your bank cashes paper savings bonds, you can bring yours to a branch to redeem them. You can also cash in paper bonds by sending them to Treasury Retail Securities ...
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 ]
ABii National was established as a Savings and Loans company, as defined in Ghanaian law, in 2011. In February 2013, the Bank of Ghana granted the company a provisional license as a bank and in September of that year this was converted into a full license.
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 ...
Guaranty Trust Bank (Ghana) Limited, part of GTCO Group; National Investment Bank Limited, state-owned; OmniBSIC Bank Ghana Limited; Prudential Bank Limited;
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] All types of securities can be listed.
In September 2017, the Bank of Ghana directed all universal banks in Ghana to raise their minimum capital reserves from GHS:120 million (US$22.8 million) to GHS:400 million (US$73.4 million). Five banks that failed to meet the minimum requirements were merged, namely Construction Bank, The Beige Bank, The Royal Bank, UniBank and Sovereign Bank.