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….
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…
USE OF GHANA CARD FOR ALL FINANCIAL TRANSACTIONS In furtherance of its objective of ensuring the safety of the financial system, Bank of Ghana pursuant to Regulation 7 of the National Identity Register, 2012 (L.I. 2111), hereby directs that with effect from 1st July, 2022, the Ghana Card shall be the only identification card that…
The Bank of Ghana has observed with concern, a trend where some Banks and Specialized Deposit-Taking Institutions (SDIs) impose certain fees and charges on customers. These practices are deemed to be unfair, inappropriate and detrimental to the financial inclusion agenda and the protection of customers’ interest.
Dr. Gideon Boako explains why Ghana’s foreign currency dominated zero-coupon bond, the first in sub-Saharan Africa, is a novelty worth celebrating
Koranteng & Koranteng Legal Advisors is proud to have advised the Ministry of Finance on the Republic of Ghana’s Landmark 2021 $3 billion Eurobond Issuance
Due to the high issuance of dud cheques by some customers of banks and SDTIs BoG has issued increased sanctions to curb the malpractice
Africa’s internet economy has great potential. Experts estimate that it could gross $180 billion in the near future. Continue reading for full report
BoG together with the Chartered Institute of Bankers (CIB) and the Ghana Association of Bankers (GAB) of has launched a new Code of Ethics to combat fraud and promote a high level of integrity in the banks.
Government has introduced the Coffee Development Programme to boast the growth of the industry in Ghana and develop it beyond its colonial legacy