Banking

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...

World Bank revises Ghana’s end-year growth rate upward to 4.3%

The World Bank now expects Ghana’s economy to end 2025 with a growth rate of 4.3%, up from its earlier projection of 3.9%. This was...

BoG begins FX sales under Domestic Gold Purchase Programme

The Bank of Ghana (BoG) has announced plans to commence foreign exchange (FX) intermediation under its Domestic Gold Purchase Programme starting October, 2025. The central...

Multimedia Group executives meet new Access Bank MD Pearl Nkrumah to deepen business relations

The leadership of Multimedia Group Limited has paid a courtesy call on Pearl Nkrumah, the incoming Managing Director of Access Bank Ghana. The visit was...

Cut lending rates further to support economic growth – BoG appeals to banks

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has urged commercial banks to further reduce their lending rates to support businesses...

Banks ‘write off’ GH¢893m in half-year 2025

Banks in Ghana wrote off GH¢893.0 million in the first-half of 2025, a 14.8% decline compared to the same period in 2024. According to the...

It was my darkest, painful episode – Akufo-Addo on debt restructuring  

Former President Nana Akufo-Addo has described Ghana’s debt restructuring under the G20 Common Framework as “one of the darkest and most painful episodes” of...

Banks credit to private, public sectors dips 142% year-on-year to GH¢4.68bn in June 2025

The banks total credit to the private sector and public institutions dipped to GH¢4.68 billion in June 2025 from GH¢11.35 billion recorded in June...

Bond market: Turnover decline by 18% to GH¢906.14m

The secondary bond market turnover declined by 18.17% week-on-week to GH¢906.14 million from GH¢1.11 billion the previous week. The February 2027 maturity led flows with...

Finance minister welcomes IMF team for fifth review of Ghana’s programme

The Finance Minister, Dr Cassiel Ato Forson, today officially received the International Monetary Fund (IMF) Mission team, led by Dr Ruben Atoyan, to commence...

Ghana must break away from cyclical IMF Programmes – World Bank

The World Bank has urged Ghana to take bold and deliberate steps to end its repeated reliance on International Monetary Fund (IMF) loan-supported programmes. While...

IMF begins 5th Programme review of Ghana today

The International Monetary Fund (IMF) will today, September 29, begin its fifth review of Ghana’s performance under the Fund programme. The full mission team, led...

BoG sells US$243 million in FX forward auction, highest since beginning of 2025

The Bank of Ghana (BoG) has sold one of its highest amounts of dollars for the market through a single 7-day FX forward auction. Market...

Real banking is finally coming – AGI boss predicts lending rates will fall

The Association of Ghana Industries (AGI) is upbeat that the recent cuts in the Bank of Ghana’s policy rate will trigger a new phase...

World Bank rejects Akufo-Addo gov’t’s Covid-19, Russia-Ukraine War defence for 2022 economic crisis

The World Bank has dismissed the Akufo-Addo administration’s long-standing claim that Ghana’s 2022 economic collapse was driven by global shocks, stating instead that the...

Access Bank Ghana appoints Pearl Nkrumah as first female MD

Access Bank Ghana has named Pearl Nkrumah as its new Managing Director, effective October 1, 2025, making her the first woman to lead the...

Ghana has spent 40 out of 68 years under IMF programmes – World Bank

Ghana has spent 40 out of 68 years under International Monetary Fund (IMF) programmes, the World Bank has revealed in its 2025 Policy Notes...

4 out of 6 MPC members voted for 350bps cut in policy rate – BoG

Four out of the six members of the Monetary Policy Committee of the Bank of Ghana voted for the policy rate to be cut...

Financial literacy is not just a personal asset; it is a national necessity -BoG Deputy Governor

The First Deputy Governor of the Bank of Ghana, Dr. Zakaria Mumuni, has underscored the importance of deepening financial literacy across all sectors of...

BoG’s historic big cut faces tariffs, external shocks, and bank risks

The Bank of Ghana has delivered its largest rate cut in recent years, slashing the policy rate by 350 basis points to 21.5 per...

Major utility tariff adjustments expected from January 2026 under Multi-Year Review

A major review of utility tariffs is expected to take effect from January 2026, as part of the Multi-Year Tariff Order (MYTO) being undertaken...