Banking

CalBank PLC appoints Daniel Nii Kwei-Kumah as new board chairman

CalBank PLC has announced the appointment of new board members, with Daniel Nii Kwei-Kumah Sackey as the Chairman of the Board of Directors. His appointment...

Naomi Kwetey appointed Ag. MD of Consolidated Bank Ghana

Dr. Naomi Wolali Kwetey has been nominated as the Acting Managing Director of Consolidated Bank Ghana Ltd. (CBG). Her appointment, made by President John Mahama,...

Financial institutions meet Chief of Staff ahead of second Kwahu Business Forum

As part of preparations for the second edition of the Kwahu Business Forum, Chief of Staff Julius Debrah held a crucial meeting with managers...

Cedi starts April 2025 on stable note; one dollar going for GH¢15.95

The Ghana Cedi started April 2025 on a stable note following a mixed performance in March 2025. On April 2, 2025, it traded at GH¢15.95...

Cedi is 7th strongest currency in Africa in Q1 2025

As of the end of the first quarter of 2025, the Ghana Cedi has been ranked 7th as the strongest currency in Africa, with...

Position Paper: There should be an enhanced harmonious relationship between BoG and Finance Ministry

The Executive Director of the Institute of Economic Research and Public Policy (IERPPT) and the Dean, Faculty of Accounting and Finance Prof. Isaac Boadi,...

Gideon Boako writes: BoG raises policy rate to 28%; a lesson for the Finance Minister?

When you advise the government, they won’t listen. But how do they feel now that their so-called “artificial” drop in T-bill rates - engineered...

This is how much gov’t needs to settle customers of defunct fund management firms

The Director General of the Securities and Exchange Commission (SEC), Dr. James Klutse Avedzi, has revealed that the government requires GH₵4.3 billion to fully...

Cedi loses 5.3% to dollar in Q1 2025 – BoG

The Ghana cedi depreciated by 5.3% against the US dollar in the first quarter of 2025. According to the Bank of Ghana, the local currency...

Bond market: Secondary market activities surge 65% to 907m

Activity in the secondary bond market surged 65% week-on-week to GH¢907 million from GH¢550 million the previous week. The February 2029 and February 2031 maturities...

Government misses Treasury Bill target for first time in 2025

The government has missed its treasury bill target for the first time in 2025, recording an 18% under-subscription in the latest auction. According to auction...

Governor Asiama chairs first MPC meeting with proposed reforms

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, will today, March 24, 2025, chair his first Monetary Policy Committee (MPC) meeting...

Love of money is root of all evil, and banks must fight it – Kwamina Asomaning

The Ghana Association of Banks President, Kwamina Asomaning, has made a strong case for heightened ethical training in the banking sector, stressing the need...

Commercial banks expand lending amid Treasury Bill rate decline

Commercial banks have begun exploring more lending options for businesses and diversifying their investments into high-yielding asset classes in response to declining Treasury Bill...

How T-Bill rates shape BoG’s monetary policy

The Bank of Ghana Act 2002 (Act 612) grants the central bank operational independence and mandates the establishment of a Monetary Policy Committee (MPC)...

Ghana’s banking sector on path to recovery – Banks Association President

The President of the Ghana Association of Banks, Kwamina Asomaning, has expressed optimism about the country’s banking sector, stating that Ghana is on a...

Some Eurobond Investors in Ghana seek legal action over DDEP restructuring

Some Eurobond investors impacted by Ghana's Domestic Debt Exchange Programme (DDEP) have initiated legal action against commercial banks over their role in restructuring bonds. According...

2025 budget betrays government’s priorities – Oppong Nkrumah

Member of Parliament for Ofoase Ayirebi and former Minister of Housing, Kojo Oppong Nkrumah, has raised concerns about the 2025 budget statement, suggesting that...

Vice President charges new BoG governing board to provide dynamic leadership

Vice President Professor Jane Naana Opoku-Agyemang has sworn in the newly constituted 12-member governing board of the Bank of Ghana (BoG), urging them to...

BoG Governor pledges to restore financial strength amid economic challenges

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has committed to restoring the financial strength of the central bank, assuring that...

Gov’t announces ‘Nkukor Nkitinkiti’ policy to revive poultry industry and boost agriculture

Government spokesperson Felix Kwakye Ofosu has highlighted the collapse of Ghana’s poultry industry and emphasized the importance of the new ‘Nkukor Nkitinkiti’ policy aimed...

What type of bank will you establish with GH₵51 million? – Oppong Nkrumah asks gov’t [Video]

Ofoase-Ayirebi Member of Parliament (MP) Kojo Oppong Nkrumah has criticised the Mahama-led government over the budgetary allocation for the Women's Development Bank. Finance Minister Dr....

Court reverses Bank of Ghana’s revocation of Ideal Finance’s licence

The High Court (Human Rights Division) has overturned the Bank of Ghana’s (BoG) decision to revoke the operating licence of Ideal Finance Limited, ruling...

2025 Budget: Gov’t allocates seed money for Women’s Development Bank

Government, through the Finance Ministry, has announced the allocation of GH¢51.3 million as seed money for the establishment of the Women's Development Bank. Finance Minister...

2025 Budget: Gov’t outlines cedi stabilisation plan

The Bank of Ghana (BoG) is set to introduce new measures to stabilize the cedi and reduce exchange rate volatility. Finance Minister Dr. Cassiel Ato...

2025 Budget: BoG seeks GH₵53bn bailout

Finance Minister Dr. Cassiel Ato Forson has announced that the Bank of Ghana (BoG) is seeking a GH₵53 billion bailout to address its negative...

First Atlantic Bank celebrates five-award victory

First Atlantic Bank, a leading force in Ghana’s banking sector, has once again solidified its position as a trailblazer in digital banking, securing five...

New BoG headquarters to undergo value for money audit 

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has revealed plans to conduct a value-for-money audit on the newly constructed headquarters...

Inflation drops marginally to 23.1% in February

Inflation for February 2025 has reduced marginally to 23.1 percent from the 23.5 percent recorded in January, driven by a 1.8 percent drop in...

Ghana Fintech Awards: eTranzact Ghana awarded Best Fintech Company

eTranzact Ghana, a leading provider of payments technology, was awarded the title of ‘Fintech Company of the Year’ at the 4th Ghana Fintech Awards,...

Mahama govt’s net borrowing stands at GH₵7.1bn – Finance Minister

The Finance Minister, Dr. Cassiel Ato Forson, has revealed that the net borrowing by the Mahama government currently stands at GH₵7.1 billion, Also, the administration...

Mahama gives update on Women’s Development Bank

President John Mahama has announced that processes are underway to ensure the successful establishment and launch of the Women’s Development Bank. Delivering the State of...

SONA 2025: You’ll be paid to the last pesewa – Mahama assures bondholders [Video]

President John Mahama has urged calm among bondholders while pledging his commitment to honoring all financial obligations. Delivering his first State of the Nation Address...

We will reverse BoG’s negative equity – Governor Asiama

The newly sworn-in Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has outlined plans to address the central bank’s negative equity position...

Gov’t borrows GHȼ59.68 billion in 7 weeks from domestic money market

The Government has borrowed an amount of GH₵59.68 billion from the domestic money market within seven weeks of assuming office this year. The amount was...

BoG Governor will put economy on path of sustained growth – Mahama

President John Mahama has expressed confidence in Dr. Johnson Pandit Kwesi Asiama’s ability to steer Ghana’s economy toward sustained growth. The President gave the assurance...

Supreme Court to rule on case seeking to stop gov’t from issuing T-bills today

The Supreme Court will today rule on a case filed by a private legal practitioner Jonathan Amable seeking to immediately stop government from...

Deputy Finance Minister nominee calls for non-partisan approach to DDEP payments

The Deputy Finance Minister nominee, Thomas Nyarko Ampem, has urged a non-partisan approach to discussions on the Domestic Debt Exchange Programme (DDEP) payments, emphasising...

Mahama nominates Dr. Zakari Mumuni as First Deputy Governor of BoG

President John Mahama has nominated the Head of Financial Markets at the Bank of Ghana (BoG), Dr. Zakari Mumuni, as the First Deputy Governor...

T-Bills: Government rejects GH¢10.865bn, interest rates plummet to 24%

The government rejected GH¢10.865 billion worth of bids tendered for treasury bills as demand for short-term instruments surged to a record high. The Treasury recorded...