Banking

Mahama, IFC boss discuss agriculture, industrialisation and infrastructure investments

President John Dramani Mahama has received the Managing Director of the International Finance Corporation (IFC), Makhtar Diop, for a high-level bilateral engagement aimed at...

GCB Bank unveils GH¢1m unsecured loans to boost business growth at Kumasi MSME Caravan

As part of its commitment to empowering small and medium-sized enterprises, GCB Bank PLC has held the Kumasi edition of its MSME Caravan Business...

IFC eyes $1.2bn investment pipeline for Ghana

The International Finance Corporation (IFC) of the World Bank Group is positioning to deepen its support for Ghana’s private sector, with a pipeline of...

Bond market: Turnover nearly doubled by 94.65% to GH¢4.13bn

The secondary market activity rebounded strongly, with turnover nearly doubling by 94.65% week-on-week to GH¢4.13bn. Trading was concentrated in the belly, with 2031-2034 maturities accounting...

Cedi under fresh pressure as Christmas import demand drives dollar surge

The Ghana cedi is facing renewed pressure against the US dollar, recording its second monthly depreciation since May as demand for foreign exchange continues...

Banks wrote off GH¢1.23bn as bad debt in the half-year 2026

Banks operating in Ghana wrote off GH¢1.23 billion in the first-half of 2026, according to the highlights of the Domestic Money Banks’ Income Statement. This...

Fitch lifts Ghana’s 2026 current account surplus forecast to 7.8%

Fitch Solutions has sharply upgraded its forecast for Ghana’s 2026 current account surplus to 7.8% of GDP, citing a stronger-than-expected trade performance during the...

CBG launches PWD loan initiative with 5% interest

Consolidated Bank Ghana (CBG) has launched a dedicated loan initiative for persons with disabilities at an interest rate of five percent. The initiative, launched in...

87% of COCOBOD’s cocoa roads contracts were directly awarded – IMF

The Ghana Cocoa Board (COCOBOD) has been flagged for major weaknesses in the procurement and management of projects under its cocoa roads investment programme,...

BoG warns public against 20 unlicensed mobile loan apps; check out full list

The Bank of Ghana (BoG) has identified 20 mobile loan applications operating in the country without the required licence or authorisation to provide digital...

Dud cheque issuers risk 1-year credit ban under new BoG rules

Customers who repeatedly issue dud cheques risk being barred from accessing fresh credit from banks and financial institutions for one year under the Bank...

Money supply increases to 28.5% year-on-year in June 2026

The annual growth in broad money supply (M2+) increased to 28.5% in June 2026, from 15.6% in June 2025. According to the Bank of Ghana,...

BoG expects cedi to remain stable despite rising demand for Christmas imports

The Bank of Ghana (BoG) expects the cedi to remain relatively stable for the rest of 2026 despite renewed demand for foreign exchange to...

Govt’s new four-year bond attracts GH¢4.46bn in bids

Government’s new four-year Treasury bond has attracted strong investor demand, with investors submitting GH¢4.46 billion in bids at the latest auction as the government...

Banking sector faces fresh risk if cedi starts sliding again – Dr Atuahene

Banking and Corporate Governance Consultant, Dr Richmond Atuahene, has cautioned that Ghana’s improving State-Owned Enterprise (SOE) finances could come under severe pressure if the...

BoG, SEC warn public against ‘Daily Wealth Guide’ crypto investment scam

The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have warned the public against a fraudulent crypto investment platform known as...

Manya Krobo Community Bank records strong growth, positions for strategic expansion

Manya Krobo Community Bank PLC has recorded a strong financial performance for the 2025 fiscal year, posting significant growth across key financial indicators and...

Internet banking transactions hit GH¢383.82bn in 2025

The total value of internet banking transactions recorded a significant growth of 80.7% to GH¢383.82 billion in 2025 from GH¢212.44 billion IN 2024. According to...

GEXIM Bank grows loan portfolio to GH¢1.56bn as equity hits GH¢2.1bn in 2025 – SIGA Report

The Ghana Export-Import Bank (GEXIM Bank) strengthened its financial position in 2025, recording substantial growth in interest income, net interest income, loans to businesses,...

BoG inaugurates committee to probe seized foreign currency at Ghana’s borders

The Bank of Ghana (BoG) has inaugurated a Preliminary Investigation Committee on Seized Foreign Currency as part of efforts to address the movement of...

Beyond the Numbers: Understanding the Bank of Ghana’s Domestic Gold Purchase Programme

Beyond the GH¢21.89 billion headline: Why the Bank of Ghana deserves a fair hearing and commendation For many Ghanaians, the mention of GH¢21.89 billion in...

IERPP warns rising poverty exposes Ghana’s economic growth as jobless growth

The Institute for Economic Research and Public Policy (IERPP) has expressed concern over the World Bank’s latest assessment that 56.4% of Ghanaians remain in...

Prolong Middle East tensions could hurt Ghana’s economy – World Bank warns 

The World Bank is warning that prolonged Middle East tensions could hurt Ghana’s economy.  According to the Bretton Woods institution, though Ghana’s status as an...

Future of Energy Conference: Africa cannot industrialise in the dark – ECOWAS Bank President

President of the ECOWAS Bank for Investment and Development (EBID), Dr George Nana Agyekum Donkor, has warned that Africa’s industrialisation ambitions will remain elusive...

IMF cautions Ghana against rushing back to international capital markets

Ghana should prioritise rebuilding investor confidence and improving its credit rating before returning to the international capital markets to borrow, the International Monetary Fund...

Prudential Bank’s CIO calls for AI Literacy and Human‑Centred Skills at Ghana AI Summit

The Chief Information Officer (CIO) of Prudential Bank LTD, Leopold L.L. Armah, has called for a deliberate shift in how Ghana prepares its workforce...

Middle East tensions put Ghana’s reserves under pressure – BoG Governor

Bank of Ghana (BoG) Governor Dr Johnson Asiama has revealed that tensions in the Middle East have put significant pressure on Ghana’s international reserves...

Day 2 of JoyNews-Republic Bank Habitat Fair opens with bigger homeownership opportunities

Prospective homeowners, property investors, developers and construction enthusiasts are expected to converge on the Achimota Mall today, Saturday, August 22, 2026, as the JoyNews-Republic Bank Habitat...

All 23 banks now fully capitalised – BoG Governor

The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has disclosed that all 23 banks operating in the country are now fully...

Harvard appoints former BoG Governor Ernest Addison as senior research fellow

Former Bank of Ghana (BoG) Governor Dr Ernest Addison has been appointed a Short-Term Senior Research Fellow at Harvard University’s Center for International Development...

Prudential Bank equips young professionals with practical personal finance skills at National Youth Mentorship Summit

The Head of Distribution and Channels at Prudential Bank LTD, Kojo Nteh, has encouraged young professionals to develop disciplined financial habits and make informed...

GCB, Ecobank, 4 others are top tier banks in Ghana – PwC Banking Survey

GCB Bank, Absa Bank, Ecobank, Stanbic, Fidelity Bank and Zenith Bank make up the top tier or first quartile banks in Ghana, according to...

Banks’ sustainable success will be defined less by interest margins – PwC

A Banking Survey by PwC has revealed that Ghana’s banks are entering an era where sustainable success will be defined less by interest margins...

Ghana’s currency is ‘long overdue for refreshing’ – Mahama

President John Dramani Mahama says Ghana’s currency is “long overdue for refreshing”, citing the need to periodically upgrade the security features on banknotes to...

Cedi stages strong recovery as dollar supply improves, demand eases

The Ghana cedi has staged a strong recovery against the US dollar, recording four consecutive days of gains between Tuesday, August 11, and Friday,...

Bank of Ghana: Cedi exchange rates for Friday, August 14

The Ghana cedi is trading at GH¢10.9745 to the US dollar on the buying side and GH¢10.9855 on the selling side, according to the...

BoG Governor urges banks to expand lending as economic conditions improve

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has urged banks to take advantage of improving macroeconomic conditions to increase lending to...

Fiscal discipline key to sustaining Ghana’s economic gains – BoG Governor

Bank of Ghana (BoG) Governor Dr Johnson Asiama has stressed the need for continued fiscal discipline to preserve Ghana’s recent economic gains. He said government...

BoG sells over $8bn through FX Programme as cedi faces fresh pressure

The Bank of Ghana (BoG) has sold more than $8 billion into the foreign exchange market since January 2026 to improve liquidity, meet demand...

Atwima Mponua Community Bank targets Gh10m capital to transition into urban bank

Atwima Mponua Community Bank PLC is targeting a stated capital of GH¢10 million by the end of 2026 as part of plans to transition...