Banking

Prof Bokpin backs IMF extension to ensure credible exit for Ghana

Economist and University of Ghana lecturer, Professor Godfred Bokpin, has described the three-month extension of Ghana’s International Monetary Fund (IMF) programme as a necessary...

Inflation to remain within lower bound of medium-term target of 8 ± 2% – BoG

The Bank of Ghana is predicting headline inflation to be within the lower bound of the medium-term target of 8 ± 2%. According to the...

Cedi’s record performance in 2025 is a shared national gain – First Deputy Governor

The Second Deputy Governor of the Bank of Ghana (BoG), Dr Zakari Mumuni, has said the cedi’s strong performance in 2025 should not be...

IMF clarifies $214m figure as accounting cost, not GoldBod loss

The International Monetary Fund (IMF) has clarified that the reported US$214 million figure linked to Ghana’s Domestic Gold Purchase Programme (DGPP) does not represent...

IMF maintains $214m loss under Ghana’s gold purchase programme

The International Monetary Fund (IMF) has reiterated its position that the Ghana Gold Board (GoldBod) incurred losses of approximately US$214 million under the government’s...

Fiscal discipline, cedi stability made 2025 a ‘very good year’ – IMF

The International Monetary Fund (IMF) has delivered a rare note of optimism on Ghana’s economic performance, with its Resident Representative describing 2025 as a...

Ghana’s IMF Programme remains solid and on track – IMF Resident Rep

Ghana’s programme with the International Monetary Fund remains solid and firmly on track, according to the IMF Resident Representative in Ghana, Dr Adrian Alter. This...

Amin Adam questions BoG Governor over ‘unexplained’ 2024 Gold for Reserves losses

Concerns have emerged following the Public Accounts Committee’s hearing into the operations of the Bank of Ghana (BoG), with former Finance Minister Amin Adam...

Ecobank rewards 3,500 customers nationwide as part of 35th anniversary promo draw

Ecobank Ghana has rewarded more than 3,500 customers nationwide in its latest monthly promotional draw held at Kasoa, as part of activities marking the...

First Atlantic Bank gets regulatory approval to operate in Liberia

First Atlantic Bank PLC (FAB) has secured regulatory approval to commence operations in Liberia, marking a significant milestone in its West African expansion strategy. The...

NPP happy with cedi appreciation like all Ghanaians – Former Deputy Finance Minister

The recent appreciation of the Ghanaian cedi has brought relief not only to traders and ordinary citizens but also to members of the New...

BoG Governor defends Gold-for-Oil cancellation

The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has defended the central bank’s decision to cancel the Gold-for-Oil programme in March...

BoG orders external audit into Gold-for-Oil Programme after GH¢2.2bn losses

The Bank of Ghana (BoG) has commissioned an external audit of its controversial Gold-for-Oil and Gold-for-Reserves programmes as part of reforms aimed at improving...

Asantehene urges Bank of Ghana to accelerate interest rate reductions to boost domestic investment

The Asantehene, Otumfuo Osei Tutu II, has called on the Bank of Ghana (BoG) to fast-track measures to reduce interest rates, warning that Ghana’s...

Asantehene urges Bank of Ghana to lower interest rates to boost investment

The Asantehene, Otumfuo Osei Tutu II, has called on the Bank of Ghana to fast-track measures aimed at reducing interest rates, warning that Ghana’s...

It is my prayer lending rates will not exceed 10% – BoG Governor

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has reiterated his commitment to ensuring that lending rates in Ghana fall to...

Asantehene pays courtesy call on BoG Governor

The Asantehene, Otumfuo Osei Tutu II, on Wednesday, January 7, visited the Bank Square in Accra to pay a courtesy call on the Governor...

Cedi depreciation marked most disastrous period in Ghana’s economic management – Kwakye Ofosu

Minister in charge of Government Communications, Felix Kwakye Ofosu, has described the sharp depreciation of the cedi between 2022 and 2023 as the most...

Gov’t settles $709 million Eurobond obligation

The Government of Ghana has successfully settled a US$709 million Eurobond obligation ahead of schedule, reinforcing its commitment to economic recovery and prudent debt...

Ghana’s crypto transactions hit $10bn by November – SEC

Ghana has recorded over $10 billion in cryptocurrency transactions as of November, reflecting the rapid growth of virtual assets in the country, according to...

SEC pledges strict oversight to protect investors after passage of Virtual Asset Bill 

Parliament has passed the Virtual Asset Service Providers (VASPs) Bill, establishing a comprehensive legal and regulatory framework for the operation of virtual assets and...

Cedi records year-end rally as diaspora inflows and trade surplus break volatility cycle

In a significant boost to the local economy, the Ghana cedi is entering the final days of 2025 on its strongest footing in 10...

T-bills: Government records 19% oversubscription, but interest rates rise

The government recorded a 19.0% oversubscription of treasury bills for the fifth week running. The target for the auction was estimated at GH¢3.3 billion, but...

$120,000 stolen from Ghanaian financial institution by hackers – INTERPOL

A Ghanaian financial institution was hit by a major ransomware attack that encrypted vast volumes of data and disrupted critical services, INTERPOL has disclosed. The incident...

Four banks including one state bank remain severely undercapitalised – IMF

Despite recent progress, four banks including one state-owned continue to be severely under-capitalised due to unmet capital commitments, higher non-performing loans and, in some...

Return to bond market on gradual basis – IMF to government

The International Monetary Fund has advised the government to begin the issuance of treasury bonds on a gradual basis. The government has given its intention...

Finance Ministry, Afreximbank announce successful resolution of $750million facility

The government and the African Export-Import Bank (Afreximbank) have reached a mutual agreement to resolve issues linked to a US$750 million financing facility signed...

IMF seeks 3-month extension of Ghana’s Programme

The International Monetary Fund (IMF) is proposing a three-month extension of Ghana’s Extended Credit Facility (ECF) programme. According to the IMF, the extension is needed...

Ghana’s financial sector stability sustained but risks remain – IMF

The International Monetary Fund (IMF) has stated that Ghana’s financial sector stability has been maintained, though risks remain. According to the Bretton Woods institution, the...

Any further easing of policy rate should remain gradual and data dependent – IMF to BoG

The International Monetary Fund (IMF) has advised the Bank of Ghana to prioiritise data regarding any further easing of the policy rate. It also wants...

Bond market: Turnover rose by 64.39% to GH¢6.75bn

The secondary bond market advanced strongly this week, posting a 64.39% week-on-week increase in turnover to GH¢6.75bn. The February 2030 remained the market’s liquidity driver,...

T-bills: Gov’t records 47% oversubscription; interest rates fall

For the fourth week, the government recorded an oversubscription of its treasury bills sale. The target for the auction was estimated at GH¢3.7 billion, but...

Fitch affirms Bank of Africa at ‘BB’, outlook stable

Ratings agency, Fitch, has affirmed Bank of Africa's (BOA) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BB' with Stable Outlooks. It has also affirmed...

Financial knowledge secures the future – NIB to Police ladies

The National Investment Bank PLC (NIB) has reaffirmed its commitment to promoting financial literacy and inclusion among members of the Ghana Police Ladies Association(POLAS)...

First Atlantic Bank begins process to become publicly listed company

First Atlantic Bank has formally begun the process to transition into a publicly listed company, a move the institution describes as a major step...

T-bills: Weak bids on treasury market continue; government target falls by 30%

The weak bids on the treasury market as the government failed to meet its treasury bills target once again. According to auction results by the...

Fitch solutions tips Ghana for stronger growth in 2026 despite Sahel security risks

Fitch Solutions is projecting strong economic growth for Ghana in 2026, forecasting that the country will outperform several emerging-market peers on the back of...

BoG to intensify efforts to strengthen cedi as primary medium of exchange – Governor

The Bank of Ghana (BoG) says it will intensify efforts to re-anchor the cedi as the primary medium of exchange in the country. Speaking at...

Women’s Bank a lifeline, but vulnerable men are sinking too – GUTA president pleads

Ghana Union Traders Association (GUTA) President Dr Joseph Obeng says the government’s plan to set up a Women’s Bank has brought real hope to...

The Cedi should be GH₵8 to the dollar – Minority

The Minority in Parliament has raised fresh concerns about the government’s handling of the cedi, arguing that despite large-scale foreign exchange injections, the currency...