The Bank of Ghana posted a profit of 1.8 billion cedis for 2019 which was about twice the operating loss of 793 million cedis it recorded in 2018. This has largely been attributed to the strong performance the central bank posted for the year under review. For 2019, the Bank of Ghana’s income from fees, penalties charged to commercial banks, interests among others, reached 5.85 billion cedis compared to the 3.12 billion cedis recorded in 2018. Though the central bank’s expenditure items such as personnel costs, rent, repairs and renewals increased from 3.92 to 4 billion cedis between 2018 and 2019, it posted more income for 2019 which contributed to the profit. Deposits with the central bank comprising those facilities belonging to the government of Ghana and other financial institutions, contributed the highest of 19.4 billion cedis. The Board did not approve the payments of dividends for the year despite the strong performance posted by the Bank of Ghana in 2019. Learn more about your ad choices. Visit megaphone.fm/adchoices