Banking

2026 mid-year budget: Women’s Development Bank to commence operations by end of 2026 – Ato Forson

The government has announced that the Women’s Development Bank is expected to commence full operations before the end of the year. Finance Minister Dr Cassiel...

NIB’s turnaround proves state institutions can be rebuilt – Bagbin

Speaker of Parliament, Alban Sumana Kingsford Bagbin, has commended the transformation of the National Investment Bank (NIB), attributing the institution’s recovery to strong leadership...

SEC warns public against 23 unlicensed investment platforms

The Securities and Exchange Commission (SEC) has cautioned the public against engaging with 23 entities promoting and offering unlicensed investment products through social media...

We don’t have a trust crisis – BoG urges vigilance against rising digital fraud

The Head of the Fintech and Innovation Department at the Bank of Ghana, Elhanan Owureku Asare, says Ghana's digital economy is not facing a...

Rejecting Ghana cedi coins is a criminal offence – BoG warns traders

The Bank of Ghana (BoG) has cautioned traders, transport operators and businesses that refusing to accept Ghana cedi coins as payment for goods and...

Ghana’s public debt hits GH¢720.8bn in May 2026

Ghana’s public debt hit GH¢720.8 billion in May 2026, equivalent to 45.1% of Gross Domestic Product (GDP). In dollar term, the public debt stock stood...

Banks write-off GH¢883.7 million as bad debt in 4-months of 2026

Banks operating in Ghana wrote-off GH¢883.7 million as bad debt in the first four months of 2026, according to the Domestic Money Banks Income...

Ghana’s prolonged period of disinflation has come to an end – BoG

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, says the country's prolonged period of disinflation has come to an end, with...

MPC meets as inflation, cedi stability and global risks dominate agenda

The Monetary Policy Committee (MPC) of the Bank of Ghana begins its three-day meeting today to assess developments in the economy over the past...

Finance Minister to unveil new economic strategy in Mid-Year Budget Review

Finance Minister Dr Cassiel Ato Forson is expected to unveil the government’s much-anticipated New Economic Policy when he presents the 2026 Mid-Year Budget Review...

Gov’t exceeds treasury bills target by 73%, interest rates decline

The government recorded a 73% oversubscription of the treasury bills auction, as demand for the short-term instruments surged ahead of the Bank of Ghana's...

Ecobank, Mantrac Ghana sign strategic deal to scale up business financing

Ecobank Ghana and Anglophone West Africa have signed a strategic partnership agreement with Mantrac Ghana to provide flexible equipment financing solutions for businesses across...

Community Banks will bridge credit gap for traders, artisans and SMEs – BoG Governor

The Bank of Ghana (BoG) is repositioning Ghana’s rural banking sector into community banks as part of efforts to address persistent challenges limiting access...

T-bills remain dominant component of banks’ investments

Treasury bills (short-term debt instruments) remained the dominant component of banks’ investment portfolios, with their share rising significantly from 50.3% in April 2025 to...

Banking Consultant questions timing of Zeepay’s licence revocation

A banking consultant, Dr Richmond Atuahene, has described the Bank of Ghana’s decision to revoke the licences of ZEE PAY as “better late than...

Supreme Court halts GN Savings and Loans’ license restoration

The Supreme Court has halted the execution of the Court of Appeal judgment, which restored the licence of GN Savings and Loans Company Limited. The...

Bank of Ghana revokes Zeepay’s electronic money licence over regulatory breaches

The Bank of Ghana (BoG) has revoked the Dedicated Electronic Money Issuer (DEMI) Licence of Zeepay Ghana Ltd with immediate effect, citing multiple regulatory...

We will not accept conduct seeking to demean or undermine integrity of staff of members – GAB

The Ghana Association of Banks (GAB) has expressed with deep concerns the unfortunate incident that occurred on Friday 10th July 2026, during the two-day national...

T-bills auction: Gov’t exceeds target by 77%, but to pay more for one-year bill at maturity

The government recorded 77% oversubscription of the treasury bills auction, as the yield on the one-year bill hit 12.99%.   According to the auction results...

Traders urged to bank earnings for safety as Asokore Mampong Community Bank opens Adum branch

Ghanaians, particularly traders and business owners, have been encouraged to avoid keeping large sums of money at home and instead deposit their earnings with...

The fraudsters don’t use hacking, they play on our minds – BoG’s Cab-Beyuo on Mobile Money Fraud

Fraud cases in Ghana's financial sector rose sharply in 2025, but the problem is concentrated in one area: mobile money, according to the Bank...

Not every staff implicated in fraud steals money – Bank of Ghana

The Bank of Ghana (BoG) says employees linked to fraud incidents within financial institutions should not automatically be treated as perpetrators, as investigations must...

BoG confident cedi stability will continue as dollar pressures ease

The Bank of Ghana (BoG) says it expects the recent stability of the cedi to continue, following improved conditions in the foreign exchange market. The...

BoG injects $2.01bn into forex market as cedi records first monthly gain of 2026

The Bank of Ghana (BoG) injected $2.01 billion into the foreign exchange market in June 2026 to meet rising demand and support the stability...

Gov’t settles $700m Eurobond obligation

The Government of Ghana has fully paid off a US$700 million Eurobond obligation earlier than required. According to the Ministry of Finance, the payment was...

Absa Bank Ghana relocates head office to new Ridge headquarters

Absa Bank Ghana has begun operating from its new head office, named Absa Place, in Ridge, Accra. In a message sent to customers via SMS,...

World Bank says Finance Ministry fiscal controls delayed GARID project

The World Bank has blamed fiscal controls introduced by the Ministry of Finance for significantly delaying implementation of the Greater Accra Resilient and Integrated...

NIB targets stronger 2026 performance after Q1 profit rises to GH¢34.3

National Investment Bank (NIB) says it is on course for a stronger financial performance in 2026 as it continues to implement its turnaround...

Bond market: Turnover declines by 71% to GH¢1.56bn

The secondary market activity softened during the week, with turnover declining by 71.11% week-on-week to GH¢1.56 billion. Trading remained concentrated in the belly of the...

World Bank increases Ghana’s growth rate for 2026 to 4.8%  

The World Bank has increased Ghana’s Gross Domestic Product (GDP) growth by 0.2 percentage points to 4.8%, its June 2026 Global Economic Prospects have...

Bank of Ghana bans repeat dud cheque offenders from credit facilities and cheque issuance for three years

The Bank of Ghana has announced tough new sanctions against customers who issue dud cheques, with repeat offenders facing a three-year ban on cheque...

Gov’t applies for BoG licence to establish Women’s Development Bank

The Ministry of Finance has officially applied to the Bank of Ghana for a licence to establish the proposed Women’s Development Bank, a flagship...

BoG demystifies central bank operations, exchange rates and reserves

The Bank of Ghana (BoG) has intensified efforts to deepen public understanding of monetary policy, exchange rates, inflation and reserve management, urging journalists to...

“How your Bank will define you”: Prudential Bank charts hybrid future led by experience, not identity

The Head of Digital Transformation at Prudential Bank Ltd, Terrance Addy, has said, that the future of banking will be defined by AI-driven services...

Ghana rises again: Fitch’s upgrade to ‘B’ with positive outlook and what it means for nation

A nation reclaiming its standing On Friday, 8 May 2026, global credit rating agency Fitch Ratings delivered what many economists, policymakers, and market observers had...

BoG converts all Rural Banks into Community Banks in major sector reform

The Bank of Ghana (BoG) has announced the conversion of all Rural Banks nationwide into Community Banks as part of sweeping reforms to strengthen...

Court strikes out Receiver’s stay application in GN Savings case

GN Savings and Loans has cleared another major legal hurdle in its quest to resume operations after the Court of Appeal struck out a...

Government denies sale of Ghana International Bank shares after Kofi Bentil raises alarm

The Government of Ghana has denied reports that the central bank plans to sell Ghana's stake in the London-based Ghana International Bank (GHIB), following...

Amenfiman Community Bank delivers 71% return on investment to shareholders

Amenfiman Community Bank has delivered a 71 percent return on investment to shareholders, with dividends declared for the year under review. Over the past decade,...

Auditors’ Court to be established to prosecute audit offences – Ato Forson

The government is set to establish an “Auditors’ Court” as part of efforts to strengthen accountability and address persistent audit infractions within the public...