Bank of Ghana targets 12% inflation rate for 2025
Bank of Ghana Governor, Dr. Johnson Asiama, has revealed that the Central Bank is now targeting an end-year inflation rate of 12 per cent...
Mahama appoints Matilda Asante-Asiedu as BoG Second Deputy Governor
President John Mahama has appointed Matilda Asante-Asiedu as the Second Deputy Governor of the Bank of Ghana (BoG).
This was announced in a statement signed...
Gov’t surpasses Treasury Bill target by GH¢550m
The government of Ghana has exceeded its Treasury bill target by GH¢550 million, according to the latest auction results released by the Bank of...
‘Cedi’s stability against US Dollar will be sustained’ – BoG Governor
Bank of Ghana (BoG) Governor, Dr. Johnson Asiama, says the cedi’s days of excessive volatility against the dollar are coming to an end.
Speaking to...
IMF boss commends Finance Minister for strong commitment to economic reforms
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has commended Minister for Finance, Dr. Cassiel Ato Forson, and his team for...
Finance Minister leads strategic engagement with Ghana Heritage Club in Washington
Finance Minister Dr. Cassiel Ato Forson led Ghana’s delegation to the Imf/spring meetings to meet with the Ghana Heritage Club at the World Bank...
Finance Minister meets IFC MD to deepen cooperation in key sectors
The Minister for Finance, Dr. Cassiel Ato Forson, has held a high-level meeting with the Managing Director of the International Finance Corporation (IFC), Makhtar...
155 bank, SDI staff dismissed over fraud in 2024 – BoG report
At least 155 staff members of banks and specialized deposit-taking institutions (SDIs) were dismissed in 2024 for their involvement in fraudulent activities, according to...
‘Early IMF exit makes for great optics, bad economics – Bright Simons warns of premature celebration
Vice President of IMANI Africa, Bright Simons, has criticized the government’s planned early exit from the IMF programme, calling it a “classic case of...
Bank of Ghana reports 33% rise in staff-involved fraud in 2024
The Bank of Ghana has reported a sharp 33% increase in staff involvement in fraudulent activities across the banking and specialised deposit-taking sector for...
GOLDBOD commences licensing of service providers
The Ghana Gold Board (GoldBod) has officially commenced the licensing of service providers within the country’s gold trading sector.Commencement of the licensing marks a...
eTranzact Ghana clinches top honors at Ghana Corporate Finance Gala Dinner 2025
eTranzact Ghana continues to affirm its leadership in the financial technology sector, taking home two of the most coveted awards at the just-ended Ghana...
Government records first T-Bills oversubscription in a month
The government has recorded an oversubscription of its treasury bills auction for the first time in a month.
According to auction results released by the...
World Bank Group MD visits Finance Ministry, pledges support for key sectors
The Managing Director and Chief Administrative Officer of the World Bank Group, Wencai Zhang, paid a courtesy call on Friday to the Minister for...
Former BoG Governor sued
A Ghanaian retiree has taken legal action against the Bank of Ghana (BoG) and its immediate past Governor, Dr Ernest Addison, accusing them of...
BoG Governor urges banks to strengthen internal controls
Dr. Johnson Pandit Asiama, Governor of the Bank of Ghana (BoG), has urged all banks to enhance their internal controls and strengthen oversight of...
Bank of Ghana governor urges prudence in lending rate adjustments
The Bank of Ghana Governor, Dr. Johnson Asiama, has urged commercial banks to exercise caution and transparency when adjusting their lending rates following the...
Investors shifting to Bank of Ghana bills as T-bills face decline
Investors have increasingly turned to Bank of Ghana bills, offering returns of about 28%, instead of traditional treasury bills, amid a sharp decline in...
Exercise prudence in adjusting lending rates up – BoG Governor to banks
The Bank of Ghana Governor(BoG), Dr. Johnson Asiama, has urged commercial banks to exercise prudence in adjusting their lending rates following the increase in...
BoG to cut policy rate in July 2025 – Report
IC Research, the research arm of IC Securities, forecasts that the Bank of Ghana will cut its policy rate for the first time since...
Banking Consultant calls for constitutional ceiling on gov’t borrowing
Ghanaian banking consultant Dr. Richmond Atuahene has called for urgent constitutional reforms to impose strict limits on government borrowing, describing the current economic situation...
CalBank PLC appoints Daniel Nii Kwei-Kumah as new board chairman
CalBank PLC has announced the appointment of new board members, with Daniel Nii Kwei-Kumah Sackey as the Chairman of the Board of Directors.His appointment...
Naomi Kwetey appointed Ag. MD of Consolidated Bank Ghana
Dr. Naomi Wolali Kwetey has been nominated as the Acting Managing Director of Consolidated Bank Ghana Ltd. (CBG).
Her appointment, made by President John Mahama,...
Financial institutions meet Chief of Staff ahead of second Kwahu Business Forum
As part of preparations for the second edition of the Kwahu Business Forum, Chief of Staff Julius Debrah held a crucial meeting with managers...
Cedi starts April 2025 on stable note; one dollar going for GH¢15.95
The Ghana Cedi started April 2025 on a stable note following a mixed performance in March 2025.
On April 2, 2025, it traded at GH¢15.95...
Cedi is 7th strongest currency in Africa in Q1 2025
As of the end of the first quarter of 2025, the Ghana Cedi has been ranked 7th as the strongest currency in Africa, with...
Position Paper: There should be an enhanced harmonious relationship between BoG and Finance Ministry
The Executive Director of the Institute of Economic Research and Public Policy (IERPPT) and the Dean, Faculty of Accounting and Finance Prof. Isaac Boadi,...
Gideon Boako writes: BoG raises policy rate to 28%; a lesson for the Finance Minister?
When you advise the government, they won’t listen. But how do they feel now that their so-called “artificial” drop in T-bill rates - engineered...
This is how much gov’t needs to settle customers of defunct fund management firms
The Director General of the Securities and Exchange Commission (SEC), Dr. James Klutse Avedzi, has revealed that the government requires GH₵4.3 billion to fully...
Cedi loses 5.3% to dollar in Q1 2025 – BoG
The Ghana cedi depreciated by 5.3% against the US dollar in the first quarter of 2025.
According to the Bank of Ghana, the local currency...
Bond market: Secondary market activities surge 65% to 907m
Activity in the secondary bond market surged 65% week-on-week to GH¢907 million from GH¢550 million the previous week.The February 2029 and February 2031 maturities...
Government misses Treasury Bill target for first time in 2025
The government has missed its treasury bill target for the first time in 2025, recording an 18% under-subscription in the latest auction.
According to auction...
Governor Asiama chairs first MPC meeting with proposed reforms
The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, will today, March 24, 2025, chair his first Monetary Policy Committee (MPC) meeting...
Love of money is root of all evil, and banks must fight it – Kwamina Asomaning
The Ghana Association of Banks President, Kwamina Asomaning, has made a strong case for heightened ethical training in the banking sector, stressing the need...
Commercial banks expand lending amid Treasury Bill rate decline
Commercial banks have begun exploring more lending options for businesses and diversifying their investments into high-yielding asset classes in response to declining Treasury Bill...
How T-Bill rates shape BoG’s monetary policy
The Bank of Ghana Act 2002 (Act 612) grants the central bank operational independence and mandates the establishment of a Monetary Policy Committee (MPC)...
Ghana’s banking sector on path to recovery – Banks Association President
The President of the Ghana Association of Banks, Kwamina Asomaning, has expressed optimism about the country’s banking sector, stating that Ghana is on a...
Some Eurobond Investors in Ghana seek legal action over DDEP restructuring
Some Eurobond investors impacted by Ghana's Domestic Debt Exchange Programme (DDEP) have initiated legal action against commercial banks over their role in restructuring bonds.
According...
2025 budget betrays government’s priorities – Oppong Nkrumah
Member of Parliament for Ofoase Ayirebi and former Minister of Housing, Kojo Oppong Nkrumah, has raised concerns about the 2025 budget statement, suggesting that...
Vice President charges new BoG governing board to provide dynamic leadership
Vice President Professor Jane Naana Opoku-Agyemang has sworn in the newly constituted 12-member governing board of the Bank of Ghana (BoG), urging them to...