Banking

Bank of Ghana to develop and test e-Cedi payment system – Vice President

The Vice President, Professor Jane Naana Opoku-Agyemang, has announced that the Bank of Ghana will soon begin developing and testing an electronic cash payment...

We have turned a decisive economic corner – BoG Governor

The Governor of the Bank of Ghana (BoG) Dr. Johnson Asiama says the country has made significant progress in restoring economic stability, with clear...

Give Akufo-Addo his due in cedi stability – Minority demands

The Minority in Parliament has called for former President Nana Addo Dankwa Akufo-Addo to be recognized as one of the key figures who contributed...

Odotobri Rural Bank PLC writes off locked-up investments of over 3.5 million cedis, records 117 percent profit increase

Odotobri Rural Bank PLC has written off locked-up funds totaling over 3.5 million cedis invested in two financial institutions affected by the banking sector...

Ghana’s international reserves hit $12 billion – BoG Governor

The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has disclosed that the country’s gross international reserves have reached $12 billion, providing...

US dollar is not our currency – Ato Forson tells Ghanaians

The Minister for Finance, Dr Cassiel Ato Forson, has said that the US dollar is not the nation’s legal tender, urging the public and...

Work with banks and businesses to restore confidence in Cedi — Veep to BoG

The Vice President Professor Naana Jane Opoku Agyeman has urged the Bank of Ghana (BoG) to deepen collaboration with commercial banks and the business...

Cedi@60: This is a call to protect our monetary independence – BoG Governor

Governor of the Bank of Ghana, Dr. Johnson Asiama, has called for stronger national efforts to protect the Cedi and safeguard Ghana’s monetary independence....

Cedi@60: Cedi stability improving, public confidence rising — Prof. Quartey

Economist at ISSER, Prof. Peter Quartey, says the Ghanaian cedi has shown signs of improved stability this year, giving the public renewed confidence in...

Banks record GH¢9.7bn profit in 8 months of 2025

The banking industry remained profitable for the first eight months of 2025, recording a growth of 46.1% to GH¢9.7 billion profit-after-tax. This is relative to...

Cedi records one of its strongest performances; one dollar equals GH¢12.10 at forex bureaux

The Ghana cedi posted one of its strongest performances in recent months over the two-week review period. This was supported by improved market sentiment and...

Cedi@60: Banks call for continued reforms to keep currency stable

The Chief Executive Officer of the Ghana Association of Banks (GAB), John Awuah, says recent policy adjustments by the Bank of Ghana (BoG) are...

T-bills auction: Gov’t misses target again; investors prefer other money market instruments

The government once again missed its treasury bills target as investor interest continues to shift to Fixed Deposits and other money market instruments. According to...

BoG to cut policy rate further to 19%

The Bank of Ghana will cut its policy rate by between 250 basis points and 300 basis points in its next meeting in November...

We are unable to proceed with dividend payment approved at last AGM – GCB

GCB Bank PLC has indicated it’s unable to proceed with the payment of the dividend to shareholders for the financial year ended December 31,...

BoG to soon roll out guidelines for digital lending in Ghana

The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has revealed that the central bank will soon introduce guidelines for digital lending...

Producer price inflation increases to 3.2% in September 2025

The year-on-year producer price inflation for all goods and services was 3.2% in September 2025. This was 0.2 percentage points higher than that of August...

Ghana ranked 5th in Africa with highest debt to IMF in October 2025

Ghana is ranked 5th in Africa with the highest debt to the International Monetary Fund in October 2025. According to the latest data from the Fund,...

BoG Governor targets full de-dollarisation, wants cedi to be sole currency for all transactions

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, says one of his top priorities is to end the long-standing reliance on the...

I want to be remembered for making the cedi Ghana’s currency of choice – BoG Governor

Governor of the Bank of Ghana, Dr Johnson Asiama, says the hallmark of his tenure will be to make the cedi the currency of...

T-bills: Govt’s target undersubscribed by 55%; interest rates rise

The government missed its treasury bills target by a significant 55%, the biggest undersubscription recorded so far this year. This is coming after it posted...

We have not been directed by gov’t to levy 7% tax on card transactions – GAB

The Ghana Association of Banks (GAB) has denied receiving any directive from the government to impose a 7% charge on all international transactions made...

IMF Board to consider Ghana’s 5th programme review in Dec, approves $380m disbursement

The Executive Board of the International Monetary Fund (IMF) is expected to meet in the first week of December to consider Ghana’s Fifth Programme...

Diaspora remittances now flowing through crypto channels – BoG

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has confirmed that part of Ghana’s diaspora remittances is now flowing through cryptocurrency channels,...

BoG moves to control crypto with new law

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has revealed that Ghana will begin regulating cryptocurrency before the end of 2025. He says...

Aggressive cedi strengthening is at a great cost to the nation – Prof. Bokpin

Economist and Professor at the University of Ghana, Professor Godfred Bokpin, has cautioned against Ghana’s current aggressive currency stabilisation. Speaking in an interview on Joy...

Foreign exchange market back on its feet; banks, not BoG, now driving trade – Governor

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, says Ghana’s foreign exchange market has regained its stability, with commercial banks now driving...

We’re rebuilding foreign reserves, not burning them – BoG Governor

Governor of the Bank of Ghana(BoG), Dr Johnson Asiama Pandit, has dismissed claims that the central bank is depleting the country’s foreign reserves through...

Gov’t will be able to exit current IMF programme next year – BoG Governor assures

Bank of Ghana (BoG) Governor, Dr. Johnson Asiama, has assured that Ghana will be able to exit the current programme with the International Monetary...

Ghana’s debt-to-GDP ratio to hit 59% by end of 2025 – IMF 

The International Monetary Fund (IMF) has projected that Ghana’s debt-to-GDP ratio will hit 59.1 per cent by the end of 2025. The projection was captured...

BoG revises sanctions for issuing dud cheques; announces stricter punishments

The Bank of Ghana has revised the sanctioning regime in respect of the issuance of dud cheques for strict compliance by banks and Specialised...

BoG Governor pushes for predictable Global Sovereign Debt roundtable negotiations

The Governor of the Bank of Ghana (BoG) has urged stronger global commitment to predictable debt restructuring and improved transparency under the Common Framework...

BoG to commence Cedi@60 celebration on October 28

The Bank of Ghana (BoG) has now set October 28, 2025, to commence the celebration of the 60th anniversary of the Ghana cedi. The celebration,...

Finance Minister leads Ghana’s delegation to IMF/World Bank annual meetings in Washington

Minister for Finance, Dr Cassiel Ato Forson, is leading a high-level government delegation to Washington, D.C., for the 2025 Annual Meetings of the International...

Cedi posts strong weekly gain, erases third quarter losses; up 5% against US dollar

The Ghana cedi has recorded one of its biggest gains against the dollar since the third quarter of 2025. Data from major commercial banks seen...

Ghana’s credit rating upgraded by Moody’s after nation cut debt

Moody’s Ratings raised Ghana’s sovereign credit rating, citing improved prospects for debt reduction. The West African nation’s long-term foreign currency debt was upgraded to Caa1...

De-dollarization: Not so fast; What it means for Africa

Why Must Global Trade Rely on the Dollar? On April 13, 2023, Brazil’s President Lula asked in Shanghai, “Why must global trade rely on the...

Banks move to engage Foreign Affairs Ministry over defaulting medical doctors abroad

President of the Ghana Association of Banks, John Awuah, says banks have begun engaging the Ministry of Foreign Affairs to deal with cases of...

IMF expected to reach staff-level agreement with Ghana on 5th programme review today

The International Monetary Fund (IMF) is expected to reach a staff-level agreement with Ghana on the 5th Programme Review today, October 10, 2025. This projection...

Nearly 70% of medical doctors default on their loans – GAB President

President of the Ghana Association of Banks, John Awuah, has revealed that nearly 70% of medical doctors who take loans from local banks default...