Ecobank boss backs Bank of Ghana’s move for stable cedi
Group Chief Executive of Ecobank, Jeremy Awori, says he supports calls for Bank of Ghana intervention to maintain a fairly stable cedi exchange rate,...
Ghana ranks 9th in Africa with highest outstanding loans to China
Ghana is ranked 9th among African countries with the highest outstanding loans to China, according to data compiled by Boston University’s Global Development Policy...
We will adhere to zero financing of budget – BoG
The Bank of Ghana has promised to adhere to the zero financing of the budget going forward.This follows the signing of a Memorandum between...
Bank of Ghana posts operating loss of GH¢9.49bn in 2024
The Bank of Ghana (BoG) has recorded an operating loss of GH¢9.49 billion for the 2024 financial year, compared to a restated operating loss...
BoG moves to block remittance leakages to stabilise cedi
As part of measures to stabilise the cedi, the Bank of Ghana (BoG) has initiated plans to tighten controls and block all leakages in...
BoG to introduce Digital Lending Guidelines by August 2025
The Bank of Ghana (BoG) has announced plans to introduce comprehensive Digital Lending Guidelines by August 2025 to tackle rising risks associated with online...
My vision is to see lending rates drop below 10% – Governor Asiama
The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has expressed his determination to see lending rates in Ghana fall to less...
BoG signals stronger supervision and incoming crypto regulations
The Bank of Ghana (BoG) has reaffirmed its commitment to supervisory priorities centered on governance, anti-money laundering (AML), cybersecurity, climate risk, and innovation oversight...
BoG targets loan defaulters in new regulatory measures
Commercial banks will now be required to disclose blacklisted willful defaulters in their audited financial statements, along with sectoral breakdowns of non-performing loan (NPL)...
BoG introduces new rules on interest charges, pricing, and bank recapitalisation
The Bank of Ghana (BoG) has introduced new regulatory measures targeting interest charges on digital platforms, pricing on forex (FX) transactions, Non-Performing Loans (NPLs),...
BoG expected to hold policy rate steady – Deloitte
Professional services firm Deloitte has indicated that the Monetary Policy Committee (MPC) of the Bank of Ghana is likely to maintain the status quo...
Past cedi depreciation driven by profit-seekers, not fundamentals – John Awuah
The CEO of the Ghana Association of Banks, John Awuah, has revealed that a significant portion of the cedi’s past depreciation was driven not...
Ghana Cedi’s recent gains may be temporary without deeper reforms – APL explains why
Africa Policy Lens (APL), a Policy Research and Analyst Organisation, has commended Ghana’s recent macroeconomic progress but warned that the appreciation of the cedi...
Reduced public spending the reason for the Cedi’s recent strength – APL argues
Research and Policy Analysts, Africa Policy Lens (APL), have highlighted factors that have accounted for the significant appreciation of the Ghanaian cedi in the...
Ghana’s economic rebound is real, but… – Bank of Ghana
The Ghanaian economy is showing renewed signs of recovery, but sustaining this progress will require consistent policy execution, deep structural reforms, and collective national...
Cedi to continue holding firm against dollar; one dollar going for GH¢11.80
The Ghana cedi is expected to remain firm against the US dollar and other major foreign currencies in the near term, driven by a...
AfDB projects Ghana’s GDP growth to hit 4.5% in 2025
The African Development Bank (AfDB) is projecting that Ghana’s economy will grow by 4.5% by the end of 2025, according to its African Economic...
BoG probes reintroduction of bank transfer charges after E-levy removal
The Bank of Ghana (BoG) is investigating the reintroduction of transfer charges by some commercial banks following the recent removal of the Electronic Transfer...
T-Bills auction sees 17% oversubscription as rates fall sharply
Following three consecutive weeks of undersubscription, the treasury bills auction recorded an oversubscription of 17.8%.
According to auction results released by the Bank of Ghana,...
Auditor-General to submit interim report on contractor claims for payments to begin – Finance Minister
The Auditor-General is expected to deliver an interim audit report on outstanding contractor claims in the coming days, paving the way for the government...
Gatsi, Kwakye, 2 others appointed as Advisors to BoG Governor
Economist Dr. John Gatsi and Director at the Institute of Economic Affairs Dr. John Kwakye have been appointed as Advisors to the Governor of...
BoG to resume monetary easing in quarter 3, 2025
The Bank of Ghana (BoG) is expected to resume monetary easing in the third quarter of 2025, but at a measured pace, Fitch Solutions...
BoG Deputy Governor says cedi appreciation is no fluke
The First Deputy Governor of the Bank of Ghana (BoG), Dr. Zakari Mumuni, has stated that the recent appreciation of the Ghana cedi is...
Why is a board member doing PR? – Ken Thompson questions Adongo’s dollar withdrawal comments
Economist Kenneth Kwamina Thompson has questioned why Dr. Isaac Adongo, a board member of the Bank of Ghana (BoG), is publicly commenting on operational...
Cedi stability backed by organic, non-debt creating reserves – BoG
The First Deputy Governor of the Bank of Ghana (BoG), Dr. Mumuni Zakaria, has clarified that the recent rally of the cedi is not...
We’re not burning reserves to hold the cedi – BoG Deputy Governor
The First Deputy Governor of the Bank of Ghana, Dr. Mumuni Zakaria, has dismissed claims that the central bank is depleting its foreign reserves...
BoG Governor calls for trust-based partnerships to accelerate Fintech and digital initiatives
The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has called for collaboration to promote fintech and digital initiatives to enhance Africa’s...
We’re guiding the cedi to its true level – Isaac Adongo
Bank of Ghana Board Member Isaac Adongo says the recent calm in the cedi’s volatility is the result of a deliberate and coordinated policy...
We haven’t received any directive to halt over-the-counter dollar withdrawals – Bankers Association
The Ghana Association of Bankers (GAB) has clarified that commercial banks have not received any official directive from the Bank of Ghana (BoG) to...
No more over-the-counter dollar withdrawals – Adongo
Bank of Ghana (BoG) board member Isaac Adongo has announced plans to intensify restrictions on over-the-counter US dollar withdrawals from financial institutions as part...
Mahama appoints Florence Adei Ohene as second Deputy MD of Consolidated Bank Ghana
President John Mahama has appointed Florence Adei Ohene as the second Deputy Managing Director of Consolidated Bank Ghana Ltd (CBG).With more than 25 years...
NPP wants applause for cedi stability, but not the blame for its collapse – Fifi Kwetey
General Secretary of the National Democratic Congress (NDC), Fifi Fiavi Kwetey, says the New Patriotic Party (NPP) is scrambling to rewrite its legacy by...
Cedi to continue appreciating; one dollar trades at GH¢13.60
The Ghana cedi gained 6.25% week-on-week against the dollar in the retail market, cementing its position as the best currency among a basket of...
Bond Market: Secondary activity eases 2.67% to GH¢1.23bn
Activity in the secondary bond market declined by 2.67% week-on-week to GH¢1.23 billion, down from GH¢1.26 billion.
Trading remained concentrated in the General Category bonds,...
“A welcome break for Ghanaians” – Joe Jackson hails Cedi’s rise
Ghana's national currency, the Cedi, is currently enjoying a rare moment in the global spotlight.According to a recent Bloomberg report, the local unit has...
S&P upgrades Ghana’s credit rating to CCC+, cites strong progress
In a significant endorsement of Ghana’s economic recovery efforts, global credit rating agency S&P Global Ratings has upgraded the country’s foreign-currency sovereign credit rating...
The fundamentals haven’t changed – Lecturer cautions against cedi hype
An Economics lecturer at the University of Ghana says the recent cedi appreciation must be viewed with caution, warning that the underlying fundamentals of...
If you don’t need that forex, liquidate it – GUTA advises traders
Charles Kusi Appiah, Head of the Business and Economic Bureau of the Ghana Union of Traders’ Associations (GUTA), has warned individuals and businesses against...
Cedi’s appreciation not a ‘nine-day wonder’ – Finance Minister
Finance Minister, Dr. Cassiel Ato Forson, has assured stakeholders that the recent appreciation of the Ghanaian cedi is not a fleeting development but the...
BoG reaffirms commitment to cybersecurity through strategic collaboration and reform
The Bank of Ghana (BoG) has reaffirmed its commitment to strengthening cybersecurity in the financial sector through enhanced collaboration and regulatory reform.
At the Financial...