Audio By Carbonatix
The Bank of Ghana (BoG) has justified its decision to outsource some of its fund raising exercise as well as investments.
The Central Bank, which acts as the bank for government, had in recent times fallen on external banks to raise government’s bonds. Private firms also manage some of the funds.
But responding to some questions from Parliament’s Accounts Committee Tuesday, Deputy Governor of the Bank, Johnson Asiama said it should be seen as a normal practice by any Central Bank.
He however assured that these funds have been managed prudently.
The Governor also added that decision to allow mining firms to hold on to some of its dollar revenues was to help stabilize the Ghana cedi.
The Governor also assured members of parliament interest rates would eventually in line with recent policy rate cuts.
Latest Stories
-
Food Buffer Stock seeks stronger liquidity buffer despite record profit
2 minutes -
LPG investments key to achieving 50% access target by 2030 – Energy Minister
3 minutes -
Jinapor: New LPG terminal strengthens Ghana’s energy security
6 minutes -
Agbodza directs road agencies to fast-track design approvals to prevent project delays
9 minutes -
Housing Minister urges stakeholders to prioritise quality education in Banda District
15 minutes -
Government redeems pledge to complete abandoned projects – Kofi Buah
20 minutes -
Sam George calls for Black Stars disbandment, GFA dissolution after Gambia defeat
22 minutes -
Bunkpurugu MP urges action to curb network disruptions in Northern Ghana
23 minutes -
Education Minister calls for evidence-based response to learning crisis in West Africa
30 minutes -
NPA reaffirms regulatory support as Puma Energy deepens investment in LPG and CRM
33 minutes -
Ketu South NDC clears 73 aspirants for constituency elections
35 minutes -
We are with all flood victims – Hohoe MP
41 minutes -
Asharami Ghana commends NPA CEO Edudzi Tameklo for support towards LPG vessel arrival
47 minutes -
Finance Minister engages AGI, leaders ahead of 2027 BudgetÂ
53 minutes -
Enforce surcharges, modernise audits to curb GH¢100bn losses – Audit Service urged
1 hour