PROHIBITION OF PRICING, ADVERTISING, RECEIPTING AND/OR MAKING PAYMENTS FOR GOODS & SERVICES IN FOREIGN CURRENCY IN GHANA Further to Bank of Ghana’s previous notices Nos. BG/GOV/SEC/2019/07 and BG/GOV/SEC/2012/12 which advised the public against unauthorized dealings in foreign currency, Bank of Ghana hereby reminds the public that in accordance with the Foreign Exchange Act, 2006 (Act…
BANK OF GHANA ADOPTS RETAIL TOKEN-BASED DIGITAL CURRENCY The Bank of Ghana has adopted a retail token-based central bank digital currency (CBDC) as the ‘eCedi of choice’, which enables the currency to be stored locally on a card, on a phone, or a smart device and can be passed on from one user to another….
PRESIDENT AKUFFO-ADDO DECLARES JUNE 10 AS GREEN GHANA DAY President Nana Addo Dankwa Akufo-Addo has declared June 10 as this year’s Green Ghana Day with a target to plant 20 million trees across the country. He has, therefore, called on all Ghanaians and foreigners living in the country to plant at least one tree to…
GIIF, IFC TARGET GREEN INFRASTRUCTURE FINANCING The Ghana Infrastructure Investment Fund (GIIF) and International Finance Corporation (IFC) have signed a partnership deal that will ensure projects undertaken are climate-friendly and sustainable, Chief Executive Officer of the Investment Fund, Solomon Asamoah, has said. GIIF is currently implementing internationally-recognised environmental management systems which integrate environmental and social…
The Ghana Infrastructure Investment Fund (GIIF) has partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to introduce a standardised and certification system in the country. Known as the Excellence in Design for Greater Efficiencies (EDGE), it will help developers reduce energy consumption in buildings while lowering greenhouse-gas emissions to…
CBDC TO HELP BRIDGE DIGITAL DIVIDE FOR WOMEN AND YOUTH IN AFRICA Co-Founder and Managing Partner of Koranteng & Koranteng Legal Advisors, a corporate and commercial law firm in Accra, Ghana, Afua Adubea Koranteng, has said a Central Bank Digital Currency (CBDC) could serve as a catalyst in bridging the digital and financial divide faced…