As of the end of October 2024, the Bank of Ghana’s gold reserves were 28.1 tonnes, up 19 tonnes from the previous year’s reserve of 9 tonnes. According to data released by the World Gold Council (WGC), Ghana’s gold reserves amount to 28.1 tonnes, which accounts for 41.2% of its …
Read More »Who is William Ato Essien?
William Ato Essien, a banker with a bachelor’s degree in marketing from Central University College. He first established First Capital Plus (FCP) in 2009, and by the end of 2010, the company had grown to become a microfinance with a deposit base of GHC36 million and a total asset size …
Read More »#OccupyBoGdemo: Demonstrators demand BoG leadership’s resignation amid financial crisis
A sizeable crowd of protestors have gathered at Kwame Nkrumah Circle’s Obra Spot under the name of #OccupyBoGdemo, a movement started by the Parliamentary Minority caucus. The protesters are united in their demand for the resignation of Dr. Ernest Addison, the governor of the Bank of Ghana, and his two …
Read More »Now a crime site, Bank of Ghana – Minority
The current Bank of Ghana setup has been compared to a crime scene by the minority caucus in parliament. Prior to its #OccupyBoG protest, the Minority spoke to attendees at a public discussion on Thursday at the University of Professional Studies, Accra (UPSA). They criticised the Central Bank for …
Read More »NDC charges BoG’s’mismanagement’ on Bawumia.
According to the National Democratic Congress (NDC), Vice President Dr. Mahamudu Bawumia is the architect behind the economic mismanagement that has defined the New Patriotic Party’s (NPP) present administration. The NDC emphasised that the Bank of Ghana’s loss in 2022 is notable among the mismanagement. The head of the NDC …
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