Ghana spent 42% of its revenue to servicing debt between 2017 and 2022, according to the 2024 United Nations report on Unpacking Africa’s Debt.
This...
The Agricultural Development Bank PLC (ADB) has strongly refuted circulating allegations aimed at tarnishing the reputation of the Bank and its Deputy Managing Director,...
The recapitalisation of banks is progressing, but credit risks have increased, the International Monetary Fund has stated.
The Washington-based multilateral institution, however, said the banking...
Former Minister of Finance Seth Terkper has revealed that President-elect John Mahama’s proposals to renegotiate the International Monetary Fund (IMF) programme will be guided...
SikaFX, an innovative money transfer platform, is excited to announce its launch in Ghana’s financial sector.
The company’s goal is to streamline international remittances, providing...
Consolidated Bank Ghana (CBG) has resumed its foreign exchange trading operations following the restoration of its licence by the Bank of Ghana (BoG).
The Central...
Claim 1: A Facebook user claims John Mahama, the NDC 2024 flagbearer, left office on January 6, 2017, when Ghana’s debt-to-GDP ratio was 56%.Â
Verdict: False!
Explanation
Data from...
Data from the Bank of Ghana (BoG), shows a significant rise in mobile money transactions, highlighting the growing acceptance of digital financial services across...
Pan-African Savings and Loans (Pan-African), as part of its Corporate Social Responsibility (CSR) initiatives, has donated a borehole to the Ghana Blind Union.
This donation...
Consolidated Bank Ghana (CBG) has assured the public that the suspension of its Foreign Exchange License (FEL) does not impact its full banking operations.
The...
The Bank of Ghana (BoG) has suspended the foreign exchange trading license of Consolidated Bank Ghana (CBG) for one month.
The suspension, which takes effect...
Former Stanbic Bank CEO Alhassan Andani expressed profound disappointment over Ghana’s recent financial trajectory, saying the government’s declaration of the Domestic Debt Exchange Programme...
Following a recent High Court decision reversing the Bank of Ghana’s (BoG) revocation of CDH Savings and Loans’ license, a BoG source has confirmed...
The Agricultural Development Bank PLC (ADB) has announced the temporary closure of its branch in Bawku, citing escalating security concerns in the area.
In a...
Finance Minister Dr Mohammed Amin Adam has reassured businesses and market stakeholders, stressing that the Bank of Ghana (BoG) holds sufficient dollar reserves to...
The government oversubscribed about 11% of its treasury bill sales for the third consecutive week.
However, it came at the expense of rising interest rates.
According...
The Agricultural Development Bank PLC (ADB) has doubled its commitment to Corporate Social Responsibility (CSR), recording significant gains in its unaudited statement of financial...
Ghana is expected to record an average inflation of 19.5% in 2024, the International Monetary Fund (IMF) has revealed.
In its World Economic Outlook, it...
The Ghana Association of Banks (GAB) has rolled out a set of measures to bolster the banking sector’s defenses against increasingly complex fraud schemes.
This...
The Kwahumanhene, Daasebre Akuamoah Agyapong II has resigned as the Board Chairman of the Agricultural Development Bank (ADB).
The resignation which takes immediate effect follows...
Economies do better at enacting regulations to improve the national business climate than they do in providing the public services needed to secure actual...
In a significant move towards economic recovery, Ghana has successfully completed its Eurobond debt exchange, restructuring $13 billion of its external debt.
This achievement follows...
Ghana placed 4th in Africa with the highest outstanding debt to the International Monetary Fund, the Fund’s 2024 Quarterly Financial Statement has revealed.
The country’s...
