The Bank of Ghana is the central bank of Ghana. It is located in Accra and was formed in 1957. Its name is abbreviated to BOG.

The Central Bank of Ghana traces its roots to the Bank of the Gold Coast (BCG), where it was nurtured. As soon as local politicians and economists saw political independence in sight in the mid 1950’s the agitation for a central bank was revived. It was argued that a central bank was one institution which would give true meaning to political independence. It may be recalled that way back in 1947 some leading politicians had called for the establishment of a national bank with central bank functions to act as banker to government and to cater for the indigenous sector of the economy.

Proposals of the advocates for a central bank were accepted and in early 1955 another Select Committee was set up by the Government to take a new look at the Trevor Report and prepare the grounds for the establishment of a central bank in Ghana. Fortunately, the BGC had already set the stage for central banking: all that was needed was specially trained personnel in central banking and suitable accommodation for the bank to take off.

Ghana ⁱ/ˈɡɑːnə/ is a country located in West Africa. It is bordered by Côte d'Ivoire (Ivory Coast) to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south. The word Ghana means "Warrior King" and is derived from the ancient Ghana Empire.

Ghana was inhabited in pre-colonial times by a number of ancient predominantly Akan kingdoms, including the inland Ashanti Empire, the Akwamu, the Akyem, the Bonoman, the Denkyira, and the Fante among others. Non-Akan states created by the Ga also existed as did states by the Dagomba. Prior to contact with Europeans trade between the Akan and various African states flourished due to Akan's gold wealth. Trade with European states began after contact with the Portuguese in the 15th century, and the British established the Gold Coast Crown colony in 1874 over parts but not all of the country.

The Gold Coast achieved independence from the United Kingdom in 1957, becoming the First sub-Saharan African nation to do so from European Colonialism. The name Ghana was chosen for the new nation to reflect the ancient Empire of Ghana, which once extended throughout much of west Africa.