Banking

BoG appeals court ruling on GN Savings and Loans license restoration

The Bank of Ghana has filed an appeal at the Supreme Court seeking to challenge the Court of Appeal ruling on the restoration of...

We will come after you – GAB warns fraudsters as Anti-Fraud Campaign is launched

The Chief Executive Officer of the Ghana Association of Banks (GAB), John Awuah, has issued a strong warning to fraudsters, saying authorities will relentlessly...

FFAG welcomes BoG’s directive suspending proposed 0.75% wallet-to-bank transfer charges

The Freight Forwarders Association of Ghana (FFAG) has taken note of the proposed introduction of a 0.75% charge on wallet-to-bank transfers by Mobile Money...

Bank of Ghana suspends Mobile Money’s planned 0.75% wallet-to-bank transfer fee

The Bank of Ghana has directed Mobile Money Fintech Limited to suspend its proposed 0.75% fee on direct wallet-to-bank transfers, halting a charge that...

Analysis: Why the cedi is depreciating

The Ghana cedi has been on a sustained depreciation path since late March 2026 following the escalation of the US–Israel–Iran conflict in the Middle...

GN Savings and Loans to resume operations before end of year – Dr Nduom

President of Groupe Nduom, Dr Nana Kweku Nduom, says GN Savings and Loans could resume operations before the end of 2026 following the restoration...

Banking reforms incomplete, state-owned banks under watch – IMF warns

The International Monetary Fund (IMF) has warned that Ghana’s banking sector reforms remain incomplete, despite what it describes as significant improvements in overall sector...

BoG’s multi-billion-cedi losses were part of economic recovery – IMF

The International Monetary Fund (IMF) has defended the Bank of Ghana (BoG)’s massive financial losses, stating that its aggressive policy actions were necessary to...

BoG awaits legal advice on next steps after court orders restoration of GN Savings and Loans licence

The Bank of Ghana (BoG) is awaiting legal advice from its external lawyers and the Receiver of the defunct financial institution before deciding on...

BoG policy rate hold confirms inflation to trend upwards – IC Insights

IC Insights, a leading research firm, has stated that the Bank of Ghana’s latest policy rate hold confirms its longstanding view that inflation is...

Women’s Development Bank proposal to go before Cabinet – Mahama

President John Dramani Mahama has disclosed that Vice President Jane Naana Opoku-Agyemang is expected to present a formal resolution on the proposed Women’s Development...

GN Savings and Loans’ licence revocation came as a shock – Dr Kweku Ndoum

President of Groupe Ndoum, Dr Nana Kweku Ndoum, has said the company and the Ndoum family were shocked by the revocation of GN Savings...

BoG revoked GN Savings & Loans licence solely on insolvency grounds, not other alleged breaches — Lawyer

The recent Court of Appeal ruling in favour of GN Savings & Loans could mark the first major step toward the possible restoration of...

World Bank document shows 27 countries seeking to ensure access to crisis funds

Twenty-seven countries have ​moved since the Iran war started to put in place crisis instruments that could ‌quickly access funding from existing World Bank...

GN Savings and Loans to reopen first branch in Elmina – Nduom

Businessman and Groupe Nduom President, Papa Kwesi Nduom, has announced that the first branch of GN Savings and Loans to reopen following the restoration...

Amin Adam calls on BoG and Finance Ministry to explain implications of GN Savings and Loans ruling

Karaga MP and former Finance Minister, Mohammed Amin Adam, has called on the Bank of Ghana and the Ministry of Finance to immediately clarify...

Amin Adam warns against politicising banking regulation after GN Savings and Loans ruling

Former Finance Minister and Karaga MP, Mohammed Amin Adam, has cautioned against what he describes as attempts by government officials to politically appropriate the...

Nduom speaks after court orders restoration of GN Savings and Loans licence

The founder of GN Savings and Loans, Dr Papa Kwesi Nduom, has described the past seven years as an "unimaginable" ordeal following the revocation...

Ghana could return to IMF programme by 2033 – Prof. Bokpin

Economist Professor Godfred Bokpin has projected that Ghana could return to another IMF-supported programme by 2033 if longstanding structural weaknesses in the economy remain...

“Ato Forson is doing well but NDC not better than NPP” – Stephen Amoah

Former Deputy Finance Minister and Nhyiaeso MP, Stephen Amoah, says Finance Minister Cassiel Ato Forson is performing well so far, but maintains that the...

Nhyiaeso MP defends erstwhile Akufo-Addo gov’t IMF bailout decision

Former Deputy Finance Minister and Nhyiaeso MP, Stephen Amoah, has defended the decision by the previous Nana Akufo-Addo administration to seek support from the...

Gov’t rules out compensation for bondholders affected by DDEP haircuts

The government has ruled out compensation for bondholders who incurred losses under the Domestic Debt Exchange Programme (DDEP), Dr Cassiel Ato Baah Forson, Finance...

No need to panic – BoG assures businesses of adequate dollar supply amid cedi pressure

The Bank of Ghana (BoG) has assured businesses and commercial banks that it has enough dollar reserves to meet market demand despite renewed pressure...

IMF Board to decide Ghana’s final review and new PCI deal on July 27

The International Monetary Fund (IMF) is expected to present Ghana’s sixth and final programme review, together with the country’s request for a new Policy...

Gov’t commits to fully recapitalising Bank of Ghana by 2032

The Government has affirmed its commitment to fully recapitalising the Bank of Ghana by 2032, following the passage of the Central Bank’s amended legislation...

Ecobank Ghana PLC assures customers of stability after Supreme Court defeat in Daniel Ofori case

Ecobank Ghana PLC has assured customers and stakeholders that its operations remain stable and financially sound despite suffering another setback in its protracted legal...

IMF pushes gov’t to privatise ECG operations amid energy sector crisis

The International Monetary Fund (IMF) has pushed Ghana to fast-track private sector participation in the operations of the Electricity Company of Ghana (ECG), warning...

IMF team expected to complete final programme review on May 15

A visiting team from the International Monetary Fund (IMF) is expected to conclude the final review of Ghana’s Extended Credit Facility programme on Friday,...

Weak authentication systems threaten digital finance growth – BoG Governor

Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, has raised concerns over weak authentication systems in digital financial services, warning that...

BoG cuts currency issuance cost to GH¢471m as cash in circulation rises to GH¢83.8bn

The cost of issuing currencies by the Bank of Ghana (BoG) slowed significantly, falling from over GH¢1 billion in 2024 to GHC 471 million.  That's...

The numbers speak for themselves – Majority replies Minority over BoG loss

The Majority caucus in Parliament has pushed back against claims by the Minority that the Bank of Ghana (BoG) sold off a significant portion...

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...