Banking

Cedi depreciation marked most disastrous period in Ghana’s economic management – Kwakye Ofosu

Minister in charge of Government Communications, Felix Kwakye Ofosu, has described the sharp depreciation of the cedi between 2022 and 2023 as the most...

Gov’t settles $709 million Eurobond obligation

The Government of Ghana has successfully settled a US$709 million Eurobond obligation ahead of schedule, reinforcing its commitment to economic recovery and prudent debt...

Ghana’s crypto transactions hit $10bn by November – SEC

Ghana has recorded over $10 billion in cryptocurrency transactions as of November, reflecting the rapid growth of virtual assets in the country, according to...

SEC pledges strict oversight to protect investors after passage of Virtual Asset Bill 

Parliament has passed the Virtual Asset Service Providers (VASPs) Bill, establishing a comprehensive legal and regulatory framework for the operation of virtual assets and...

Cedi records year-end rally as diaspora inflows and trade surplus break volatility cycle

In a significant boost to the local economy, the Ghana cedi is entering the final days of 2025 on its strongest footing in 10...

T-bills: Government records 19% oversubscription, but interest rates rise

The government recorded a 19.0% oversubscription of treasury bills for the fifth week running. The target for the auction was estimated at GH¢3.3 billion, but...

$120,000 stolen from Ghanaian financial institution by hackers – INTERPOL

A Ghanaian financial institution was hit by a major ransomware attack that encrypted vast volumes of data and disrupted critical services, INTERPOL has disclosed. The incident...

Four banks including one state bank remain severely undercapitalised – IMF

Despite recent progress, four banks including one state-owned continue to be severely under-capitalised due to unmet capital commitments, higher non-performing loans and, in some...

Return to bond market on gradual basis – IMF to government

The International Monetary Fund has advised the government to begin the issuance of treasury bonds on a gradual basis. The government has given its intention...

Finance Ministry, Afreximbank announce successful resolution of $750million facility

The government and the African Export-Import Bank (Afreximbank) have reached a mutual agreement to resolve issues linked to a US$750 million financing facility signed...

IMF seeks 3-month extension of Ghana’s Programme

The International Monetary Fund (IMF) is proposing a three-month extension of Ghana’s Extended Credit Facility (ECF) programme. According to the IMF, the extension is needed...

Ghana’s financial sector stability sustained but risks remain – IMF

The International Monetary Fund (IMF) has stated that Ghana’s financial sector stability has been maintained, though risks remain. According to the Bretton Woods institution, the...

Any further easing of policy rate should remain gradual and data dependent – IMF to BoG

The International Monetary Fund (IMF) has advised the Bank of Ghana to prioiritise data regarding any further easing of the policy rate. It also wants...

Bond market: Turnover rose by 64.39% to GH¢6.75bn

The secondary bond market advanced strongly this week, posting a 64.39% week-on-week increase in turnover to GH¢6.75bn. The February 2030 remained the market’s liquidity driver,...

T-bills: Gov’t records 47% oversubscription; interest rates fall

For the fourth week, the government recorded an oversubscription of its treasury bills sale. The target for the auction was estimated at GH¢3.7 billion, but...

Fitch affirms Bank of Africa at ‘BB’, outlook stable

Ratings agency, Fitch, has affirmed Bank of Africa's (BOA) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BB' with Stable Outlooks. It has also affirmed...

Financial knowledge secures the future – NIB to Police ladies

The National Investment Bank PLC (NIB) has reaffirmed its commitment to promoting financial literacy and inclusion among members of the Ghana Police Ladies Association(POLAS)...

First Atlantic Bank begins process to become publicly listed company

First Atlantic Bank has formally begun the process to transition into a publicly listed company, a move the institution describes as a major step...

T-bills: Weak bids on treasury market continue; government target falls by 30%

The weak bids on the treasury market as the government failed to meet its treasury bills target once again. According to auction results by the...

Fitch solutions tips Ghana for stronger growth in 2026 despite Sahel security risks

Fitch Solutions is projecting strong economic growth for Ghana in 2026, forecasting that the country will outperform several emerging-market peers on the back of...

BoG to intensify efforts to strengthen cedi as primary medium of exchange – Governor

The Bank of Ghana (BoG) says it will intensify efforts to re-anchor the cedi as the primary medium of exchange in the country. Speaking at...

Women’s Bank a lifeline, but vulnerable men are sinking too – GUTA president pleads

Ghana Union Traders Association (GUTA) President Dr Joseph Obeng says the government’s plan to set up a Women’s Bank has brought real hope to...

The Cedi should be GH₵8 to the dollar – Minority

The Minority in Parliament has raised fresh concerns about the government’s handling of the cedi, arguing that despite large-scale foreign exchange injections, the currency...

SEC to clamp down on unlicensed online investment schemes

The Securities and Exchange Commission, (SEC) has vowed to clamp down on unlicensed online investment entities, defrauding the public with unrealistic investment products. The Commission...

T-bills: Gov’t fails to meet its treasury bill target again; interest rates continue to rise

The government failed to meet its treasury bill target for the fourth week in a row. According to auction results by the Bank of...

Cedi to weaken slightly in quarter 4, but to end 2025 appreciating against dollar – Fitch Solutions

Fitch Solutions is anticipating a slight weakening of the Ghana cedi to the US dollar before the end of 2025. The local currency has appreciated...

BoG registers over 100 crypto firms, setting up new office for digital asset regulation

The Bank of Ghana (BoG) has announced the registration of more than 100 virtual asset service providers (VASPs) under a new policy to regulate...

BoG’s gold reserves hit 38.04 tonnes at end of October 2025

The Bank of Ghana’s total gold reserves reached 38.04 tonnes as of October 31, 2025. This was contained in market data released by the Central...

BoG warns unlicensed mobile loan apps to regularise or face sanctions

The Bank of Ghana (BoG) has directed all mobile loan applications and digital credit service providers operating without a license to regularise their operations...

Amansie Rural Bank PLC posts over 200% profit growth in 2024, pays dividends for 2 years

Amansie Rural Bank PLC posted a strong financial performance for the year 2024, obtaining a profit before tax of GH¢36 million.This represents a 208...

Exporters face 10-year jail term over forex repatriation failures

The Bank of Ghana (BoG) has launched a significant regulatory strike against foreign exchange leakages, issuing a firm directive that threatens exporters with severe...

BoG to inject $1bn into market for November under FX Intermediation Programme

The Bank of Ghana (BoG) is set to inject up to $1 billion into the market in November under its revised Foreign Exchange Market...

Bank of Ghana to develop and test e-Cedi payment system – Vice President

The Vice President, Professor Jane Naana Opoku-Agyemang, has announced that the Bank of Ghana will soon begin developing and testing an electronic cash payment...

We have turned a decisive economic corner – BoG Governor

The Governor of the Bank of Ghana (BoG) Dr. Johnson Asiama says the country has made significant progress in restoring economic stability, with clear...

Give Akufo-Addo his due in cedi stability – Minority demands

The Minority in Parliament has called for former President Nana Addo Dankwa Akufo-Addo to be recognized as one of the key figures who contributed...

Odotobri Rural Bank PLC writes off locked-up investments of over 3.5 million cedis, records 117 percent profit increase

Odotobri Rural Bank PLC has written off locked-up funds totaling over 3.5 million cedis invested in two financial institutions affected by the banking sector...

Ghana’s international reserves hit $12 billion – BoG Governor

The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has disclosed that the country’s gross international reserves have reached $12 billion, providing...

US dollar is not our currency – Ato Forson tells Ghanaians

The Minister for Finance, Dr Cassiel Ato Forson, has said that the US dollar is not the nation’s legal tender, urging the public and...

Work with banks and businesses to restore confidence in Cedi — Veep to BoG

The Vice President Professor Naana Jane Opoku Agyeman has urged the Bank of Ghana (BoG) to deepen collaboration with commercial banks and the business...

Cedi@60: This is a call to protect our monetary independence – BoG Governor

Governor of the Bank of Ghana, Dr. Johnson Asiama, has called for stronger national efforts to protect the Cedi and safeguard Ghana’s monetary independence....