Banking

BoG has not made any losses that should be a topic for discussion — Sammy Gyamfi

Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, has downplayed concerns over the Bank of Ghana’s (BoG) 2025 financial performance, insisting the...

You don’t need to incur GH¢15.6bn loss to stabilise the economy – Dr Boako tells gov’t

Member of the Finance Committee of Parliament, Dr Gideon Boako, has questioned the scale of losses recorded by the Bank of Ghana, arguing that...

Sale of gold bought between 2023 and 2024 saved Bank of Ghana from GH¢33 billion loss

A JoyNews Research has revealed Bank of Ghana would have closed 2025 with a loss of nearly GH¢33.2 billion, more than double the GH¢15.63 billion it...

Stanbic Bank donates 50 laptops to KNUST, targets gender gap in STEM education

Stanbic Bank Ghana, a leading financial institution, has donated 50 laptops to the Kwame Nkrumah University of Science and Technology in a renewed push...

Stanbic Bank strengthens financial resilience of journalists in Ashanti Region

Selected journalists in the Ashanti Region have enhanced their financial literacy and resilience through a Financial Wellness Workshop organised by Stanbic Bank Ghana. The initiative,...

Banking sector rebounds as assets hit GH¢465bn – BoG Report

Ghana’s banking sector is regaining momentum, with total industry assets climbing to GH¢465.4 billion as of February 2026, according to the Bank of Ghana...

Post-IMF era could test Ghana’s economic gains – AGI Chief warns

Ghana’s recent economic stability and growing investor confidence may come under pressure once the country exits its programme with the International Monetary Fund (IMF),...

IMF team expected in Accra from April 29 for Ghana’s final programme review

An International Monetary Fund (IMF) staff mission is expected in Accra from April 29, 2026, for Ghana’s sixth and final review under its Extended...

Daniel Afari-Djan writes: Why Ghana’s plunging interest rates are catalyst for industrial growth

After enduring one of the most severe economic crises in a generation, Ghanaian businesses are finally experiencing a resurgence. The most significant sign of...

BoG Governor engages X content creators over service export proceeds concerns

The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has met with Ghanaian X (formerly Twitter) content creators at Bank Square in...

IMF projects Ghana’s debt-to-GDP to rise to 53% by 2026 despite recent gains

Ghana’s debt-to-GDP ratio is projected to rise to 53.0% by the end of 2026, up from 45.3% recorded in 2025, according to the International...

Bank of Ghana clarifies treatment of earnings for content creators

The Bank of Ghana (BoG) has stated that payouts received by Ghanaian content creators from digital platforms, including earnings from X, are classified as...

BoG Governor pushes for changes to IMF support for member countries

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, is calling for major reforms in how the International Monetary Fund (IMF) supports member...

Ghana’s economy shows recovery signs, but risks persist – S&P maintains stable outlook

Ghana’s sovereign credit rating has been affirmed at ‘B-/B’ with a stable outlook by S&P Global Ratings, reflecting improving economic conditions alongside persistent fiscal...

BoG’s $1.3bn profit from gold sale could help narrow 2025 losses

The Bank of Ghana (BoG)'s decision to sell more than half of its gold reserves in November & December 2025 may have provided an...

No more waiting for head office – GCB boss pushes Ghana-first banking

Managing Director of GCB Bank, Farihan Alhassan, says his move from multinational banking to a local institution has shifted decision-making power closer to Ghana’s...

Analysis: Why the Bank of Ghana sold half its gold reserves

Somewhere between November and December 2025, the Bank of Ghana decided to sell roughly half of its gold reserves. At the last reporting before the...

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%...