Banking

Cedi records modest appreciation on improved liquidity, but external risks linger

The Ghana cedi recorded a modest appreciation against the US dollar across both the interbank and retail forex markets over the past two weeks. This...

T-bills accounted for 62% of banks’ investments in 2025 – BoG

Treasury bills constituted the largest component of banks’ investment portfolio in 2025. According to the January 2026 Monetary Policy Report by the Bank of Ghana,...

Auditor-General report flags GH¢162m in overstated claims by state agencies

The Deputy Minister for Finance, Thomas Ampem Nyarko, has disclosed that several government agencies overstated financial claims amounting to GH¢161.98 million, according to findings...

BoG touts resilience of banking sector as NPL ratio drops to 18.9% in 2025

The Bank of Ghana (BoG) says Ghana’s banking sector recorded notable improvements in 2025, with stronger capital levels, improved liquidity, and a decline in...

BoG Governor updates parliamentary committee on Ghana’s economic recovery

The Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, has told Parliament that Ghana’s economy is stabilising after a period of...

Full speech: BoG Governor engages Parliamentary Committee on Economy and Development

The Governor of Bank of Ghana (BoG), Dr. Johnson Pundit Asiama, on Monday, March 9, 2026, appeared before the Parliamentary Committee on Economy and...

Ghana’s reference rate drops sharply to 11.71%; major interest rate cuts expected

Ghana’s Reference Rate (GRR), the key benchmark used by commercial banks to price loans, has dropped sharply to 11.71% for March, down from 14.58%...

Ghana signs debt restructuring agreement with Belgium

Ghana has signed a debt restructuring agreement with Belgium as part of ongoing efforts to stabilise the country’s public finances, following the severe economic...

Cedi’s depreciation against dollar slows to 1.65% since start of 2026

The cedi’s rate of depreciation against the US dollar has slowed significantly in the first week of March 2026. The local currency, which had depreciated...

Finance Minister announces expiration of DDEP-induced restrictions on domestic bond issuance

The Ministry of Finance has officially announced the end of restrictions on the issuance of new domestic bonds, signaling a major shift in Ghana’s...

Cedi to depreciate by 7.20% in 2026

Databank Research is predicting a relatively stable cedi in 2026, with year-end depreciation of 7.20% to the US dollar. This means the cedi will end...

BoG has resolved dollar shortage challenges — Importers and Exporters Association

The Importers and Exporters Association of Ghana says concerns over dollar shortages that affected businesses in 2025 have been addressed by the Bank of...

2026 SONA: We didn’t arrest the dollar; we strengthened the cedi – Mahama

President John Dramani Mahama has attributed the recent gains of the Ghana cedi to deliberate economic measures, dismissing suggestions that the improvement resulted from...

‘If I had to do it again, I would’ – Sophia Akuffo defends bold DDEP picket decision

Former Chief Justice Sophia Akuffo says she has no regrets about joining pensioners in picketing the Finance Ministry during the controversial Domestic Debt Exchange...

Cedi recovers modestly on external tailwinds; one dollar equals GH¢11.70 at forex bureaus

The Ghana cedi is recovering modestly on external tailwinds and sentiment. Over the past fortnight, the cedi encountered mild demand-driven pressures in the opening week,...

Gov’t exceeds T-Bill auction target, raises GH¢11.4bn

Government has exceeded its target in the latest Treasury Bills auction, raising approximately GH¢11.4 billion against a target of GH¢9.32 billion. The Bank of Ghana’s auction results...

Ecobank rewards over 4,000 customers in ‘5-Star Enjoyment’ Promo grand finale in Kumasi

Ecobank Ghana has rewarded more than 4,000 customers in the grand finale of its ‘5-Star Enjoyment’ promotion held at the Kejetia Market in Kumasi. In...

SEC warns public against unlicensed investment scheme by Mekanism Marketing Ltd

The Securities and Exchange Commission (SEC) of Ghana has issued a public warning about an unlicensed investment scheme being promoted online by Mekanism Marketing...

Gov’t exceeds treasury bill target

The Government exceeded its Treasury Bill target, raising GH¢8.99 billion against a GH¢6.415 billion goal, official results from the Bank of Ghana have shown. Data...

BoG revises directive on Net Open Position limits

Banks shall not hold long positions in pound, euro and other currencies, according to the revised directive of the Net Open Position (NOP). According to...

Pass it on – GUTA urges traders share cedi gains with consumers

The First Vice-President of the Ghana Union of Traders Association (GUTA), Clement Boateng, has called on traders and businesses to reduce prices and allow...

World Bank loan to boost food security and transform agriculture – Ato Forson

Finance Minister, Dr Cassiel Ato Forson, says a $22.6 million facility from the World Bank under the West Africa Food System Resilience Project (FSRP)...

We’re far advanced with establishment of Women’s Bank – Mahama 

President John Dramani Mahama has announced that plans are far advanced for the establishment of a Women’s Bank.  He explained that Vice President Professor Jane Naana Opoku-Agyemang, who has been...

BoG sets GH¢100m capital for new MFBs

The Bank of Ghana (BoG) has directed new Microfinance Banks (MFBs) to hold a minimum capital of GH¢100 million to operate in the sector. The...

Mobile money transactions surge to record GH¢518bn in December 2025 – BoG

Mobile money (MoMo) transactions in Ghana surged to a record GH¢518.4 billion in December 2025, underscoring the growing dominance of digital payments in the...

Ghana’s public debt declined to GH¢644.6bn in November 2025

Ghana’s public debt reduced by GH¢40 billion between September 2025 and November 2025 to GH¢644.6 billion. This is approximately 45.5% of Gross Domestic Product (GDP). However,...

Ghana cedi best-performing currency in Africa for 2025 – IMF

The Ghana cedi emerged as Africa’s best-performing currency in 2025, according to data from the International Monetary Fund (IMF) analysed across more than 20...

Bond market: Turnover rises by 189% to GH¢4.61bn

The secondary bond market activity strengthened markedly over the week. Turnover rose by 189.55% week-on-week to GH¢4.61 billion. Liquidity remained narrowly concentrated, with the February 2031...

Prof Bokpin backs IMF extension to ensure credible exit for Ghana

Economist and University of Ghana lecturer, Professor Godfred Bokpin, has described the three-month extension of Ghana’s International Monetary Fund (IMF) programme as a necessary...

Inflation to remain within lower bound of medium-term target of 8 ± 2% – BoG

The Bank of Ghana is predicting headline inflation to be within the lower bound of the medium-term target of 8 ± 2%. According to the...

Cedi’s record performance in 2025 is a shared national gain – First Deputy Governor

The Second Deputy Governor of the Bank of Ghana (BoG), Dr Zakari Mumuni, has said the cedi’s strong performance in 2025 should not be...

IMF clarifies $214m figure as accounting cost, not GoldBod loss

The International Monetary Fund (IMF) has clarified that the reported US$214 million figure linked to Ghana’s Domestic Gold Purchase Programme (DGPP) does not represent...

IMF maintains $214m loss under Ghana’s gold purchase programme

The International Monetary Fund (IMF) has reiterated its position that the Ghana Gold Board (GoldBod) incurred losses of approximately US$214 million under the government’s...

Fiscal discipline, cedi stability made 2025 a ‘very good year’ – IMF

The International Monetary Fund (IMF) has delivered a rare note of optimism on Ghana’s economic performance, with its Resident Representative describing 2025 as a...

Ghana’s IMF Programme remains solid and on track – IMF Resident Rep

Ghana’s programme with the International Monetary Fund remains solid and firmly on track, according to the IMF Resident Representative in Ghana, Dr Adrian Alter. This...

Amin Adam questions BoG Governor over ‘unexplained’ 2024 Gold for Reserves losses

Concerns have emerged following the Public Accounts Committee’s hearing into the operations of the Bank of Ghana (BoG), with former Finance Minister Amin Adam...

Ecobank rewards 3,500 customers nationwide as part of 35th anniversary promo draw

Ecobank Ghana has rewarded more than 3,500 customers nationwide in its latest monthly promotional draw held at Kasoa, as part of activities marking the...

First Atlantic Bank gets regulatory approval to operate in Liberia

First Atlantic Bank PLC (FAB) has secured regulatory approval to commence operations in Liberia, marking a significant milestone in its West African expansion strategy. The...

NPP happy with cedi appreciation like all Ghanaians – Former Deputy Finance Minister

The recent appreciation of the Ghanaian cedi has brought relief not only to traders and ordinary citizens but also to members of the New...

BoG Governor defends Gold-for-Oil cancellation

The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has defended the central bank’s decision to cancel the Gold-for-Oil programme in March...