Business News of Friday, 8 June 2012
Source: Joy Online
The Bank of Ghana’s has denied media reports that it has directed the closure of all foreign deposit accounts and has instructed that a 2% per annum charge be levied on all foreign deposit bank accounts in the country.
The Bank of Ghana is reported to be considering adopting a policy that will deny private individuals and some corporate institutions, the opportunity to open and maintain foreign accounts with banks in the country.
But a release issued by BoG’s Public Relations Directorate on Friday assured the general public and all stakeholders that the Bank of Ghana has not taken any such decision.
“The recent policy measures taken by the Bank are intended to make Cedi assets more attractive to hold. It has been observed that the measures are beginning to have the desired effect on the Cedi”, the statement noted.
The Bank of Ghana therefore wishes to assure the general public and all stakeholders that it is committed to ensuring the stability of the Cedi.