Banking

GCB Bank records GH¢3.2bn profit, sets industry benchmarks in 2025

GCB Bank PLC has reported a record-breaking financial performance for the 2025 financial year, becoming the first bank in Ghana to surpass the GH¢3...

ADB posts GH¢367 million profit after tax as capital adequacy ratio hits 27.17%

Agricultural Development Bank (ADB) PLC has pulled off a stunning financial turnaround, recording GH¢367.2 million historical profit position by the end of 2025. According to...

Govt secures GH¢3.1bn in 7-year bond auction

Government has secured GH¢3.1 billion in bids from investors in its first 7-year cedi-denominated bond auction following the Domestic Debt Exchange Programme (DDEP). Based on...

Ghana’s inflation drops to 3.2% in March 2026

Ghana’s inflation rate continued its downward trend in March 2026, falling to 3.2%, according to the latest data released by the Ghana Statistical Service...

Rejecting pesewa coins is illegal, fuels inflation – BoG warns traders

The Bank of Ghana has cautioned traders and the public against refusing lower-denomination coins, warning that such practices could undermine price stability and contribute...

Bond market: Turnover declines by 59% to GH¢377.59m

The Secondary market activity softened over the week, with aggregate turnover declining by 59.88% week-on-week to GH¢377.59 million. This is coming after the government announced...

Gov’t to borrow GH¢15.231bn via T-bills, bonds between March and June 2026

The government plans to borrow fresh debt in treasury bills and bonds worth GH¢15.231 billion between March and June 2026. This is to support budget...

Gov’t set to issue a 7-year cedi bond on March 30, first since 2022

The government is set to issue a 7-year cedi-denominated bond on March 30, 2026. It's also hoping to carry out initial pricing guidance as well as...

BoG unveils six-point strategy to strengthen cybersecurity in banking sector

The Governor of the Bank of Ghana, Dr Johnson Asiama, says cyber threats are no longer just isolated IT incidents but have become national...

We’re prepared — BoG Governor assures amid warning Middle East tensions could hit Ghana’s liquidity

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has cautioned that tensions in the Middle East could pose risks to Ghana’s...

Cedi slides as demand for forex increases; one dollar equals GH¢11.70

The Ghana cedi slipped in the last two weeks as the demand for foreign exchange builds amid external pressures. The local currency depreciated modestly across...

Patrick Boamah calls for urgent reform of GRA’s interest and penalty regimes

Patrick Yaw Boamah, the Member of Parliament for Okaikwei Central, has petitioned the Minister of Finance over what he describes as urgent structural and...

Bank of Ghana’s policy rate has lost market signalling power – Prof. Bokpin

The Bank of Ghana (BoG)’s policy rate has “lost its signalling power in the market,” according to economist Professor Godfred Bokpin, who argued that...

Middle East tensions: Policy rate cut to 14% not a risk – BoG Governor

The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama has played-down concerns that the recent decision to reduce its policy rate by...

MPC cuts policy rate to 14% to further keep inflationary pressures in check

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has cut the policy rate by 150 basis points to 14 percent, the...

T-bills auction: Gov’t exceeds target by 7.4%; 91-day yield falls to 4.71%

The government recorded a marginal oversubscription of treasury bills compared to the previous weeks’ large oversubscriptions. According to data from the Bank of Ghana, the...

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...