Banking

Six banks will merge or be acquired by well-capitalised banks – Fitch

Fitch Ratings estimates that six banks operating in Ghana are unlikely to achieve capital compliance through internal capital generation alone. Therefore, they will need to...

Gov’t raises GH¢2.728bn in undersubscribed treasury bills auction

The government mobilized a total of GH¢2.728 billion in the last treasury bills auction, falling short of its GH¢4.24 billion target, a report by...

Ghana’s poor score in ‘B-READY’ impedes private sector investments – World Bank

Ghana’s poor score in the World Bank’s B-READY categories signals challenges to creating an enabling environment that encourages private sector investment, the World Bank...

Chamber of Autodata Ghana calls for greater local content in Automotive components development policy 

The Chamber of Autodata Ghana has urged government to incorporate more local content into the soon-to-be-finalised Ghana Automotive Components Development Policy, which is expected...

Wilful loan defaulters face 5-year credit ban under new BoG rules

Wilful loan defaulters could soon face a five-year ban from accessing credit from any regulated financial institution in Ghana. The new Bank of Ghana (BoG)...

BoG postpone launch of cedi’s 60th Anniversary after helicopter crash

The Bank of Ghana (BoG) has announced that it has postponed the National launch of the cedi’s 60th Anniversary programme on Friday, August 8. According...

Lending rates to fall from August 6, 2025 – Ghana Association of Banks CEO

The Chief Executive of the Ghana Association of Banks (GAB), John Awuah, is projecting a reduction in interest rates on loans from August 6,...

The era of high interest rates cannot be sustained – BoG Governor warns banks

The Bank of Ghana Governor, Dr. Johnson Asiama, has advised commercial banks that to review their business models to ensure that their operations are...

4 out of 6 members of BoG Monetary Policy Committee voted for a 300 basis points rate cut

Four out of six members of the Monetary Policy Committee of the Bank of Ghana (BoG) have voted for a 3.0% rate cut. This was...

Gov’t raises GH¢5.49bn from Treasury Bills in well-subscribed auction

Government has successfully raised GH¢5.49 billion from its latest Treasury bill auction held on Friday, August 1, 2025, according to results released by the...

Restoring UniBank licence won’t be wrong – Prof. Mensah

A professor of Financial Economics at the University of Ghana Business School, Prof. Laud Mensah, says there is now a credible path to restoring...

June MoMo transactions reach GH¢323bn despite slight decline

The total value of mobile money (MoMo) transactions in Ghana stood at GH¢323.2 billion in June 2025, reflecting a 10.2% decline from the GH¢360...

Banking principles were ignored – Prof Lord Mensah faults handling of UniBank collapse

A Professor of Financial Economics at the University of Ghana Business School has questioned the collapse of UniBank, saying the fundamental principles of banking...

Monetary Policy Committee of BoG cuts policy rate sharply to 25%

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has significantly reduced the policy rate to 25 percent from 28 percent. The chairman...

Bank of Ghana tightens rules on remittances amid compliance failures

The Bank of Ghana (BoG) has announced stricter measures against Banks, Dedicated Electronic Money Issuers (DEMIs), Enhanced Payment Service Providers (EPSPs), and Money Transfer...

NPP deserves some credit for the current cedi stability – Joe Jackson

Chief Executive Officer of Dalex Finance, Joe Jackson, says the opposition New Patriotic Party (NPP) deserves some credit for the recent stability of the...

Cedi appreciates by 40.7% to US dollar in seven months of 2025 – BoG

The Ghana cedi appreciated by 40.7% against the US dollar in the first seven months of 2025. According to the Bank of Ghana’s July 2025...

Ghana records $5.57bn trade surplus in first-half of 2025

Ghana records trade surplus of Ghana recorded a trade surplus of US$5.57 billion in the first six months of 2025. This is 307.4% growth over...

Ghana’s public debt stock falls to GH¢613bn in June 2025

Ghana’s public debt stock fell by GH¢156.4 billion between March and June 2025 to GH¢613 billion in June 2025. This is approximately 43.8% of Gross...

Amin Adam accuses BoG of printing money to pre-finance GoldBod

Former Finance Minister Dr. Mohammed Amin Adam has alleged that the Bank of Ghana (BoG) is pre-financing the operations of the Ghana Gold Board...

‘Cedi no apicki, but Abochi get the dollar’ – Minority tells gov’t 

  The Minority in Parliament has challenged claims made by the Finance Minister, Dr. Cassiel Ato Forson, in the mid-year budget review about Ghana’s foreign...

AG only recovered only 10.6% of Unibank’s liability not 60% – Bright Simons

Honorary Vice-President of IMANI Africa, Bright Simons, has challenged the Attorney General’s assertion that the state has recovered 60% of Unibank’s liabilities, insisting the...

Minority threatens legal action over discontinuation of UniBank case

The Minority Caucus in Parliament has warned that it may take legal action if the Attorney-General and Minister for Justice, Dr. Dominic Ayine, does...

Decisions taken must support ongoing economic recovery – Dr. Asiama tells MPC members

The Governor of the Bank of Ghana (BoG) Dr. Johnson Asiama has charged members of the Monetary Policy Committee (MPC) to ensure that their...

High Court dismisses application to strike out suit against former BoG Governor

An application seeking to strike out the suit in which a retiree has sued the former Bank of Ghana (BoG) governor, Dr. Ernest Addison,...

Gold for Oil: BoG confirms GH¢2.14 billion loss but highlights gains  

The Bank of Ghana (BoG) has revealed that the now-discontinued Gold for Oil (G4O) Programme resulted in a total financial loss of GH¢2.14 billion. This...

 Adongo calls for national discourse on discontinuation of UniBank case

Member of Parliament for Bolgatanga Central, Isaac Adongo, has called for a broader national conversation on the rationale and cost of the banking sector...

I’m not a policeman; I can’t say I have arrested the cedi – Ato Forson 

Finance Minister Dr. Cassiel Ato Forson says he will not follow in the footsteps of former Vice President Dr. Mahamudu Bawumia by claiming to...

Debt restructuring programme was poorly structured – Ato Forson

finance minister Dr. Cassiel Ato Forson has taken a swipe at the Akufo-Addo administration’s debt restructuring programme, describing it as poorly designed, cancerous, and...

Gov’t to pay GH¢137bn in treasury bills this year – Finance Minister

The government is expected to settle treasury bill maturities totaling GH¢137 billion this year, Finance Minister Dr. Cassiel Ato Forson told Parliament during the...

Gov’t injects GH₵450m into NIB, preserves GH₵6.4bn depositors’ funds

The Minister for Finance, Dr. Cassiel Ato Forson, has disclosed that the government has so far injected a total of GH₵450 million into the...

‘We are spending, and spending right’ – Finance Minister defends government’s fiscal priorities

Finance Minister Dr. Cassiel Ato Forson has come out swinging against critics who say the government is failing to spend where it matters most. Presenting...

We have saved 900 direct Jobs at NIB – Finance Minister

The Finance Minister, Dr. Cassiel Ato Forson has disclosed that over 900 direct jobs at the National Investment Bank (NIB) have been preserved following...

Mid-Year Budget: ‘Cedi no apicki’ – Finance Minister

The Finance Minister, Dr. Cassiel Ato Forson, has lauded the recent performance of the Ghanaian cedi, describing it as exceptionally resilient in the face...

Ato Forson accuses Akufo-Addo gov’t of mismanaging ‘devastating’ DDEP

Finance Minister Dr Cassiel Ato Forson has attributed the economic hardship caused by the Domestic Debt Exchange Programme (DDEP) to what he described as...

How to send money from Ghana to Nigeria without using a bank

Sending money between African countries like Ghana and Nigeria has long been a slow, expensive, and frustrating process, especially through traditional banking systems. Long transaction...

‘Taxpayers will pay for it’ – Dr Seddoh on 60% recovery threshold in banking crisis

A former CEO of the National Pensions Regulatory Authority (NPRA) has warned that taxpayers will ultimately bear the cost of the state’s decision to...

Finance Minister presents mid-year budget review today

The Finance Minister, Dr. Cassiel Ato Forson, is expected to present the 2024 Mid-Year Budget Review to Parliament today, July 24, 2025. The presentation is...

Gov’t notifies IMF of decision to cap public sector wage increases at 10%

The Government of Ghana has formally notified the International Monetary Fund (IMF) of its decision to cap public sector wage increases at 10 percent...

BoG announces new guidelines on application of exchange rate by players in shipping industry

Bank of Ghana (BoG) has announced a new set of guidelines on the application of exchange rates by players in the shipping industry, effective...