Ghana
Ghanaian president encourages CB cooperation
John Kufuor, the president of Ghana, has said that the Bank of Ghana should work in tandem with parliament to become "the cornerstone of the Golden Age of Business" in the jurisdiction.
Ghanaian governor celebrates 50th anniversary
Paul Acquah, the governor of the Bank of Ghana, talked about central bank developments and growth in the financial sector in a speech to mark the central bank's 50th birthday.
Ghana's currency to lose four zeros in 2007
Ghana's cedi will lose four zeroes next July 2007, a central bank official said on Monday.
Bank of Ghana - Annual Report 2005
According to the Bank of Ghana's Annual Report 2005, from an overall growth rate of 3.7 per cent in 2000, higher growth rates of 5.2 per cent and 5.8 per cent were achieved in 2003 and 2004 respectively.
Ghana goes for risk-based supervision
The governor of the Bank of Ghana, Paul Acquah, set out how the central bank plans to move towards a risk-based framework for banking supervision.
Bank of Ghana governor on fraud
Paul Acquah, governor of the Bank of Ghana urged investigators to review operations in the light of the increasingly sophisticated methods involved in financial crime.
Ghana's Acquah says economy is resilient
Dr. Paul Acquah, governor of the Bank of Ghana, said the real sector of the economy in the first half of the year was robust in spite of the rising petroleum prices and the effect on domestic fuel prices.
Bank of Ghana - Annual Report 2004
According to the Bank of Ghana's Annual Report 2004, the Ghanaian economy made a considerable degree of progress in 2004.
ECOWAS central bank governors begin Accra meeting
Central bank governors of ECOWAS member countries were due to converge on Accra Wednesday 31 August for the 15th meeting of the Committee of Governors (COG) to deliberate plans to achieve macro-economic convergence criteria for the creation of a single…
Ghana's Acquah: W Africa may face financial crisis
Governor of the Bank of Ghana, Dr. Paul Acquah, expressed fear at the weekend of an impending financial crisis in the Economic Community of West African States (ECOWAS).
ECOWAS central bank governors conclude meeting
The 15th meeting of the Committee of Governors of the ECOWAS central bank took place in Accra on Wednesday 10 January, with a call on member States to strive for viable and productive economies that could compete and withstand the shocks from the global…
Ghana to be HQ for West African central bank
The headquarters of the West African Central Bank (WACB) has been given to Ghana. The disclosures were made in Abuja Thursday by the Director of West African Monetary Institute (WAMI), the Nigerian-born Dr Michael Ojo, reports said.
Paul Acquah elected chairman of WAMZ
Paul Acquah, Governor of the Bank of Ghana, was unanimously endorsed as the new chairman of the Committee of Governors of Central Banks of the West African Monetary Zone (WAMZ) at its 10th meeting last Tuesday.
Ghana pledges commitment to Monetary Zone targets
Ghana's president John Agyekum Kufuor said on Friday 19 December that the country would target a single digit level of inflation by the end of 2004, in readiness for the second monetary zone in West Africa. President Kufuor said the monetary zone would…
Accra tipped to host WAMZ central bank
A random sample of the views of finance ministers, governors and technical advisors of the West African Monetary Zone meeting in Accra concluded that "Ghana is very well placed to becoming the base for the central bank of the WAMZ group."
West African cb should be in Ghana - President
Ghana's President John Agyekum Kufuor has suggested that the headquarters of the proposed West African central bank should be in Ghana, according to a report by GNA. Ghana, he said, has the conducive atmosphere to generate the confidence that would…
Bank of Ghana - Annual Report 2002
The Bank of Ghana has published its Annual Report for the year ended 2002. In the foreword to the Annual Report governor Paul Acquah said 2002 was an important one in the history of Bank of Ghana. The Bank of Ghana Act was signed into law in January 2002…
Ghana meets three criteria for single currency
Ghana has met three of the four primary convergence criteria of the West African Monetary Zone (WAMZ) for a single currency by July 2005, according to Ghana Web. The only criterion yet to be met is the single digit inflation rate.
Former Bank of Ghana chief to head disaster fund
John Saka Addo, former Governor of the Bank of Ghana, is to act as chairman for the Accra Sports Stadium Disaster Relief Trust, according to the Accra Mail. The Trust will provide funds to educate the children of the 128 soccer fans who died in the Accra…
African bank supervisors agree to up co-ordination
In efforts to harmonise supervisory practices, the Accra Mail reports, delegates from member countries at the Ninth Annual Meeting of Banking Supervisors from West and Central Africa agreed to forward their prudential regulations, current banking laws…
WAMZ holds conference over common central bank
A 2-day conference in Accra will discuss the creation of a common central bank in the West African region by July 2005, The Chronicle reported. J.B. Clottey of the Bank of Ghana said he believes that through the implementation of a central bank, member…
A lean machine
The central bank in Ghana is cutting back its staff drastically. Some central banks in the Eurosystem will be jealous.
Bank of Ghana to replace 500 staff with equipment
The Bank of Ghana's plan to shed 1,000 staff which we reported last week includes the installation of a one million dollar Sorting Machine that would replace over 500 counter staff as part of the central banks' transformation exercise, according to Ghana…
Bank of Ghana to commence downsizing soon
The Bank of Ghana is aiming for "a lean, more focused and responsive central bank" and said that the planned disengagement of staff would be done in "a humane manner", Ghana Web reports. "The Bank is offering a generous and attractive early retirement…