Ghana
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…
Bank Of Ghana to sack 1000 workers
A redundancy programme at the Bank of Ghana will affect 1000 of the central bank's 2600 staff. The Governor of the Bank summoned the workers to a meeting at the Bank's auditorium last Wednesday to inform them about the development, Ghana Web reported.
BOG launches Interbank Settlement System
The central bank of Ghana (BOG) launched the Ghana Interbank Settlement (GIS) System on Thursday, reports GhanaWeb, with the governor of the BOG calling it the most efficient inter-bank money market in the West African Sub-Region.
Ghana- Bill against money laundering in the offing
An anti-money laundering bill developed by the Bank of Ghana, according to Ghanaweb, is intended to address the devastating economic, security and social consequences of money laundering.
Economy satisfactory - Ghana central bank chief
The Governor of the Bank of Ghana, Dr. Paul Acquah said that the economy has performed well over the last year but cautioned that the government needs to sustain its macroeconomic policies with emphasis on consolidating efforts on fiscal and monetary…
Ghana will play active part towards monetary union
GHANA - Vice President Aliu Mahama on Thursday said Ghana would fully support all activities toward the adoption of a monetary union for West Africa to facilitate trade and movement for the socio-economic benefit of the 250 million people in the Sub…
Bank of Ghana - Annual Report 2000
ANNUAL REPORT - The Bank of Ghana has published its Annual Report for the year ended 2000.
Expanded monetary union in West Africa
ARTICLE - In an article published in the IMF's quarterly magazine, IMF economists R.D. Asante and Paul Robert Masson talk with Jacqueline Irving of the IMF's external relations department about the pros and cons of expanded monetary union in West Africa.
West African Monetary Institute gets officers
The Committee of Governors of the West African Monetary Institute (WAMI) has appointed four of the five senior officers to work with the Institute's Director-General, M.O. Ojo, a statement from the ECOWAS Secretariat said in Abuja on Feb 12. According to…
West Africa welcomes common monetary institute
The opening of the West African Monetary Institute (WAMI) is an onset of a credibility building process to create an acceptable common currency for member countries, local media reported on Feb. 1, 2001.
Ghana's central bank to close all ailing banks
The Bank of Ghana (BOG) has been taking efforts to close down all non-performing banks as part of its on-going activities to inject sanity and seriousness into the banking sector, according to reports Xinhua News Agency. In line with the new measures,…
Ghana to be HQ of West African Monetary Institute
Ghana has been selected as the location for the headquarters of the West African Monetary Institute that is to work towards the establishment of a West African Central Bank.