BoG bans pricing in foreign currencies

The financial sector regulator, Bank of Ghana (BoG), has prohibited the pricing, advertising and receipt or payment for goods and services that are contracted locally in any foreign currency. In a release issued and signed by Alethea Godson-Amamoo on behalf … Continued

Charge in GH¢ only or be punished – Bank of Ghana warns public

The Bank of Ghana has warned the general public to use only the Ghana cedi (GH¢) and pesewas (GHp) to pay for goods and services in the country or be punished when not adhered to. In a press statement issued … Continued

Bank of Ghana explains why GH¢2, GH¢5 aren’t upgraded

The Bank of Ghana has explained that the GH¢2 and GH¢5 notes are not part of the upgraded currencies introduced into circulation on Monday, May 6, 2019 because they are “standalone commemorative banknotes”. “In line with international best practice, commemorative … Continued

Ghana has a flexible exchange rate system – Addison

Governor of Bank of Ghana, Dr Ernest Addison has urged the business community for a stable and improve performance of the cedi in a short to medium-term. Addison remarks at the breakfast meeting He said the World Bank and International … Continued