• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

Bank of Ghana ends month of May with Ghs 145 billion liabilities

4 years ago
in Banking & Finance, Business, Editor's pick, highlights, Home, home-news, latest News
1 min read
0 0
0
105
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Bank of Ghana ends month of May with Ghs 145 billion liabilities

The Bank of Ghana (BoG) at the end of May this year posted total liabilities of Ghs 145 billion.

Compared to the Bank’s total liabilities of Ghs 142 billion at end-April 2021, the recorded total liabilities of Ghs 145 billion at end-May 2021 represents a month-on-month increment of Ghs 3 billion in the Bank’s liabilities.

A perusal of the Bank’s May 2021 Statistical Bulletin indicates that the Bank’s liabilities on a year-on-year basis increased by some Ghs 36.5 billion – BoG’s liabilities at end-May 2020 stood at Ghs 109.1 billion.

Liabilities in the banking space, is often viewed as an ‘asset’ and not debt due to the fact that a major component of a bank’s liabilities are deposits made by customers – banks in BoG’s case – which the bank can in turn use for credit creation by lending the monies out to other customers or banks as loans.

Of the liabilities posted for end-May 2021, domestic liabilities accounted for Ghs 36.7 billion with foreign liabilities also accounting for Ghs 32.7 billion.

“Other liabilities,” the Bank noted, accounted for Ghs 53.4 billion of its total liabilities.

RelatedPosts

Cyber Security Authority Warns of Rising Google Maps Brand Impersonation Scams

Fuel Prices to Rise From Monday Despite Fall in Global Oil Prices

Alcaraz Dominates to Reach Fourth Round at US Open; Rybakina Advances as Raducanu Falls

Deposits from government – Ghs 25.06 billion – accounted for the majority of the regulator’s domestic liabilities, followed closely by some Ghs 11.3 billion deposits also made by the various commercial banks in the country.

Read: RCBs grow assets value by 21.5% yoy

Deposits from public institutions, the BoG further noted formed only Ghs 303 million of its liabilities.

The Central Bank, with regards to its foreign liabilities, failed to give a breakdown of the items that constituted its foreign liabilities, but one can always expect funds realised from issued Eurobonds and other foreign loans taken by government to be a major component of the bank’s foreign liabilities.

The Banks’ foreign liabilities at end-May 2021 stood at Ghs 32.7 billion.

Source: norvanreports
Tags: BoG records Ghs 3 billion month-on-month increment in liabilitiesdomestic liabilities accounted for Ghs 36.7 billiondomestic liabilities accounted for Ghs 36.7 billion with foreign liabilities also accounting for Ghs 32.7 billion.liabilities of Ghs 145 billionmajority of the regulator’s domestic liabilitiesmonth-on-month increment of Ghs 3 billion in the Bank's liabilities.Of the liabilities posted for end-May 2021
No Result
View All Result

Highlights

CHAN 2024: Senegal Edges Sudan on Penalties to Claim Third Place

Lands Minister Initiates Repeal of L.I. 2462 to Protect Reserves and Combat Galamsey

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

BoG Designates Digital Credit Services as Non-Bank Financial Service

Trending

Features

Cyber Security Authority Warns of Rising Google Maps Brand Impersonation Scams

August 30, 2025

Ghana Warns of Rising Google Maps Brand Impersonation Scams The Cyber Security Authority (CSA) has issued a...

Fuel Prices to Rise From Monday Despite Fall in Global Oil Prices

August 30, 2025

Alcaraz Dominates to Reach Fourth Round at US Open; Rybakina Advances as Raducanu Falls

August 30, 2025

CHAN 2024: Senegal Edges Sudan on Penalties to Claim Third Place

August 30, 2025

Lands Minister Initiates Repeal of L.I. 2462 to Protect Reserves and Combat Galamsey

August 30, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.