Board Chairman of Bills Micro-credit Limited, Richard Nii-Armah Quaye, has acknowledged the founder of the defunct UT Bank, Captain Prince Kofi Amoabeng.
According to the...
The World Bank estimates that $4 billion worth of remittances flowed into Ghana's economy between 2016 and 2022.
This makes forex inflows from remittances the...
The International Monetary Fund (IMF) has set June 28, 2024 for its Board Meeting to consider Ghana’s second programme review and possibly approve $360...
Kenneth Agyei-Duah, a manager in the Governance, Risk, and Compliance (GRC) Services at KPMG Ghana has urged banks and other financial institutions to be...
The flagbearer of the National Democratic Congress (NDC), John Mahama, has reiterated his pledge to revive collapsed banks and financial institutions when elected President...
Research firm, IC Securities has revised its end-2024 US dollar to Ghana cedi rate to GH¢15.91/US$, from its initial forecast of GH¢13.2/US$.
This, it said,...
The Bank of Ghana (BoG) has clarified that securing a bailout from the International Monetary Fund (IMF) would have been challenging without the implementation...
The Bank of Ghana has been impacted by the Domestic Debt Exchange Programme (DDEP) as it seeks recapitalisation from development partners, a report has...
The Bank of Ghana has announced a loss of GH₵10.50 billion for the financial year ending 2023.
This significant loss is primarily attributed to an...
The Bank of Ghana has initiated a program to explain the dynamics of inflation.
Additionally, the Central bank has offered insights into how it determines...
An illegal foreign exchange dealer, operating in the ‘black market,’ is blaming some banks in the country for the constant depreciation of the cedi...
The Bank of Ghana (BoG) has highlighted the importance of maintaining strict fiscal discipline to enhance economic confidence.
This statement comes at a time of...
Cabinet has approved GH¢2.3 billion for the restructuring and recapitalisation of the National Investment Bank (NIB).
The amount is the first tranche of GH¢400 million...
Finance Minister, Dr. Mohammed Amin Adam has pointed out the government met some key fiscal targets under the International Monetary Fund-supported programme.
They include zero...
The Chamber of Petroleum Consumers (COPEC) has warned of a potential fuel scarcity should the ongoing concerns of the striking Ghana National Petroleum Tanker...
Professor Godfred Bokpin, an economist and finance expert, has attributed part of the cedi’s depreciation to the International Monetary Fund’s (IMF) programme with Ghana.
He...
The Managing Director and Chief Executive of FirstBank Ghana, Victor Yaw Asante has rejected claims that some banks are actively engaged in practices that...
Deputy Finance Minister Dr. Stephen Amoah has emphasised the importance of leveraging domestic tourism to stabilise the depreciating cedi.
He is thus urging stakeholders in...
The Bank of Ghana (BoG) has completed the first Proof Of Concept (POC) as part of Project Digital Economy Semi-Fungible Token (DESFT).
It demonstrates the...
Minority Leader, Dr Cassiel Ato Forson, has called on President Akufo-Addo to promptly instruct his appointees who have hoarded foreign exchange to release them.
He...
The Minority has expressed concerns that the current challenges facing the Ghana cedi are far from resolved, warning that the situation is expected to...
Economist at the University of Ghana Business School, Prof Lord Mensah has attributed the current depreciation of the cedi to market sentiment.
According to him,...
Fitch Ratings has revised the Outlook on the Long-Term Issuer Default Ratings (IDRs) of five Nigerian banks and one bank holding company to positive...
Cal Bank Plc has temporarily suspended the remaining processes for completion of the Capital Raise, notably the allotment of shares.
This follows a court injunction...
The ECOWAS Bank for Investment and Development (EBID), has strengthened its transformative partnership with Ghana by committing to inject $200 million into the Ghanaian...
The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwabena Kwakye, has suggested adopting the dollar as Ghana’s currency to...
Consolidated Bank Ghana Limited (CBG) has officially launched the CBG Sickbay Project by commissioning an ultra-modern sickbay at Methodist Senior High/Technical School in Berekum.
This...
Ratings agency Fitch Ratings believes a sustained period of US dollar strength against emerging market (EM) currencies including Ghana could weigh on some EM...
Vice President and flagbearer of the New Patriotic Party, Dr Mahamudu Bawumia has urged African countries to emulate Ghana’s digitalisation agenda which has been...
