The Bank of Ghana (BoG) has reduced its benchmark policy rate by 150 basis points as its first response to the strain that the new coronavirus disease (COVID-19) is imposing on Ghana’s economy.

Background

History has it that, even before Dr Kwame Nkrumah’s declaration of independence from the British colonial powers on 6 March 1957, the Gold Coast, now Ghana, had laid a solid foundation for economic/social take-off and smooth governance. Now, there was an urgent need to establish a central bank to, as it were, give “true meaning” to political independence.

The Daily Statesman has gleaned credible information which shows that the Ghana Police Service is on a nationwide manhunt for the founder of the defunct uniBank (GH) Ltd, Kwabena Duffuor Snr, the former chief executive officer of the bank, Kwabena Duffuor Jnr, and a former deputy governor of the Bank of Ghana (BoG), Johnson Asiama.

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