Dr. Ernest Addison

The Bank of Ghana (BoG) has stated that it is not processing any application for a fresh banking licence to new entrants into the banking sector. The Governor of the BoG, Dr Ernest Addison, who stated this, was content that the banking…
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The Monetary Policy Committee of the Bank of Ghana has maintained its policy rate for the second time running citing inflationary pressures that must be controlled. Speaking at the MPC press briefing on Monday, Dr Ernest Addison said the…
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In the quest to create multiple streams of income and to be financially independent, investors all over the globe have been overwhelmed by the underlying technology that supports digital currencies. The Bank of Ghana (BoG) has however…
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The Governor of the Central Bank has broken his silence on developments surrounding the resignation of the second Deputy Governor. Dr Ernest Addison said he is the last person to do anything to make Dr Johnson Asiama feel uncomfortable…
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The Governor of the Central Bank, Dr. Ernest Addison, has told Citi News that the Board of the Bank is yet to take a decision on what it considers an appropriate management model for the BoG Hospital. A 60-bed capacity ultra-modern Bank…
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The Bank of Ghana (BoG) has stressed that it will enforce the implementation of the International Financial Reporting Standards (IFRS 9) among banks in the country, this year. The IFRS is a tool which requires all financial institutions…
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Bank of Ghana has released its latest data on Annual Percentage Rates (APR) of interest charged on loans and credit advances and the Average Interest (AI) paid on deposits by banks. The data is based on figures available as at 31st…
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Commercial banks are intensifying efforts to meet the new minimum capital requirement by December this year. Banking analysts also tell Citi Business News the move is likely to yield in some mergers by the end of the scheduled date.…
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The Bank of Ghana (BoG) says it will from next year place a temporary ban on the issuance of licences to new universal banks, savings and loans companies or microfinance institutions. “The central bank is considering not licensing new…
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Governor of the Bank of Ghana, Dr. Ernest Addison has assured that the increased minimum capital requirement will result in reducing the lending rates by banks. Dr. Addison argues that the requirements will create stronger banks which…
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