Banking

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...

Dr. Atuahene sends strong message to Ghanaians on bank thefts

Banking consultant Dr. Richmond Atuahene has raised concerns over the involvement of financial institution staff in cash theft, cautioning customers against blindly trusting bank...

Ghana lost GHȼ4.6 billion to tax exemptions in 2023

The Finance Ministry has revealed that Ghana lost GHȼ4.6 billion to tax expenditures in 2023—a 4.2% drop from the GHȼ4.8 billion recorded in 2022. While...

ISSER Director cautions against hastily reinstating bank licenses

The Director of the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, has urged the government and the leadership of the...

BoG launches comprehensive audit of remittance activities

The Bank of Ghana (BoG) has commenced an audit of remittance activities covering the fourth quarter of last year, from October 1 to December...

Kwakye Ofosu challenges Dr. Amin Adam over DDEP payments

The Minister of State for Government Communication, Felix Kwakye Ofosu, has dismissed claims by former Finance Minister Dr. Mohammed Amin Adam that the payment...

Ghana plans return to domestic bond market in second quarter of 2025

After implementing a domestic debt exchange program that concluded in February 2023 with over 80% participation, the government is preparing to re-enter the local...

DDEP: NPP did not default; We ensured smooth payments before leaving office – Dr. Amin Adam

Former Finance Minister Dr. Mohammed Amin Adam has credited the New Patriotic Party (NPP) for ensuring timely coupon payments under the Domestic Debt Exchange...

Do things right to win investors’ trust – Pensioners bondholders forum to gov’t

The Convener of the Pensioners Bondholders Forum, Dr. Adu Anane Antwi, has urged the government to ensure it fulfills its financial obligations to investors...

Debt Exchange: Finance Ministry pays GH₵6bn to bondholders

The Ministry of Finance has released GH₵6.081 billion to settle all bondholders under the Domestic Debt Exchange Programme (DDEP). This follows President John Mahama’s directive...

CID boss sues bank over late husband’s accounts

The Director-General of the Criminal Investigations Department (CID) of the Ghana Police Service, Commissioner of Police (COP) Faustina Andoh-Kwofie, has initiated a legal action...

Demand for Treasury Bills soars amid economic shifts

In an unprecedented move, the Bank of Ghana's recent auction of treasury bills saw a surge in investor interest, marking the highest demand in...

IMF sets April 2025 to assess Ghana’s progress in meeting key requirements

The International Monetary Fund(IMF) has indicated that it will formally assess Ghana’s progress in meeting key commitments in April 2025.This will be in the...

CIMG: Michael Abbiw is new President as new national executives are elected

The Chartered Institute of Marketing, Ghana (CIMG) has officially announced the results of its highly anticipated national elections.The voting process, overseen by the Electoral...

Second Deputy BoG Governor takes early retirement

The Second Deputy Governor of the Bank of Ghana (BoG), Elsie Addo Awadzi, has taken early retirement, effective February 28, 2025.This was confirmed in...

T-bills: Gov’t records 43% oversubscription; interest rates decline

The demand for treasury bills continued to surge despite declining yields.According to auction results from the Bank of Ghana, the government recorded a 43.85%...

Edward Ato Sarpong nominated as Managing Director of ADB

The majority shareholder of the Agricultural Development Bank (ADB) has nominated chartered accountant and former Deputy Minister of Communications, Edward Ato Sarpong, as the...

Alhassan Yakubu-Tali resigns as ADB MD

Alhassan Yakubu-Tali has resigned as the Managing Director of Agricultural Development Bank PLC (ADB), effective Wednesday, February 5, 2025.His resignation follows the nomination of...

IMF doesn’t have jurisdiction over appointment of Bank of Ghana Governor – Kwakye tells Boako

The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, is opposing the idea of the lawmaker for Tano North,...

Johnson Asiamah uniquely qualified to hold BoG Governor position – Kwakye Ofosu

Felix Kwakye Ofosu, the Acting Spokesperson for President John Dramani Mahama, has expressed confidence in Dr. Johnson Asiamah’s qualification to hold the position of...