Banking

 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...

GTBank hosts 4th annual autism workshop and consultation, strengthens advocacy for inclusive care

 Guaranty Trust Bank (Ghana) Ltd. (GTBank) has successfully held the fourth edition of its annual autism workshop and consultation, reaffirming its commitment to championing...

Prof Peter Quartey dismisses claims of US dollar shortage in Ghana’s banking sector

The Director of the Institute of Statistical, Social and Economic Research (ISSER), Prof Peter Quartey, has dismissed claims of a US dollar shortage in...

Treasury Bills oversubscribed as investor confidence rebounds

Ghana’s Treasury recorded an oversubscription in its primary Treasury bill auction last week, as investor demand surged by 97.82 per cent above the government’s...

Emergency MPC meeting will not result in new policy rate – BoG Governor

The Bank of Ghana (BoG) Governor, Dr. Johnson Asiama, has revealed that the Emergency Monetary Policy Committee meeting will not result in a new...

Use data from BoG to make cedi projections, not predictions from ‘Zamerama’ – Governor Asiama

The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has appealed to the public to disregard projections and speculations bandied about by...

Ghana records GH₵ 4.14b trade surplus – BoG Governor

Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, has revealed that Ghana recorded a trade surplus of GH₵4.14 billion in the...

BoG considers gold price hedging to protect export revenue – Dr. Asiama

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has revealed that the Central Bank is considering a gold price hedging programme...

We can’t stop crypto, but… – BoG Governor

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has declared a major shift in the country's approach to cryptocurrencies, stating that...

BoG Governor attributes cedi gains to policy coordination and investor confidence

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has credited the recent appreciation of the Ghanaian cedi to four key economic...

Forex market intervention for 2025 Q1 has not depleted our reserves – BoG

The Bank of Ghana (BoG) has maintained that its foreign exchange (forex) market intervention for the first quarter of 2025 has not depleted its...

We’ve done our part to safeguard the cedi – BoG Governor

Bank of Ghana (BoG) Governor, Dr. Johnson Asiama, has reaffirmed the central bank’s commitment to protecting the value of the cedi and strengthening public...

Ghana’s IMF programme hit by major policy slippages and reform delays

Ghana’s $3 billion programme under the International Monetary Fund’s 36-months Extended Credit Facility (ECF) has been flagged for significant policy slippages and delays in...

ADB introduces 24-hour service at Tema Harbour

The Agricultural Development Bank (ADB) PLC has commenced 24-hour service at the Ghana Ports and Harbours Authority (GPHA) to support the operations of the...

T-bills auction: Gov’t continues to miss target; investors seek high-yielding instruments

The government failed to meet its treasury bills target for the sixth consecutive week as investors seek high-yielding financial instruments such as the Bank...

Gov’t to spend $1.4bn in 2025 on Eurobond debt servicing

The government has announced plans to spend US$1.4 billion next year on servicing debt owed to Eurobond holders. This was disclosed in a statement issued...

Banking sector clean-up: Ex-NPP Youth Organiser refutes Frank Adu’s claims, says sector stronger than ever

A former Suame Youth Organiser for the New Patriotic Party (NPP) has publicly refuted assertions made by ex-Cal Bank Managing Director Frank Adu, accusing...

BoG reserve assets jump by $709m in April, boosting cedi stability

The Bank of Ghana’s reserve assets saw a significant improvement, rising from US$391.1 million in April 2024 to US$1.1 billion in April 2025, largely...

I lost money, I won’t forgive Ofori-Atta and Akufo-Addo – Former CAL Bank CEO

Former Cal Bank CEO Frank Adu Jnr has declared that he will never forgive former Finance Minister Ken Ofori-Atta and former President Nana Akufo-Addo...

We slept in the same bed, but Ofori-Atta’s legacy betrayed our hope – Frank Adu Jnr

Former Cal Bank CEO, Frank Adu Jnr, has delivered a damning verdict on the tenure of former Finance Minister Ken Ofori-Atta, describing it as...

I was forced out, but I hold no grudge – Frank Adu Jnr opens up on Cal Bank exit

Former Cal Bank CEO Frank Adu Jnr has revealed that he was forced into early retirement by the Bank of Ghana, but says he...

Frank Adu Jnr warns Mahama against loyalty-over-performance culture

Former CEO of Cal Bank, Frank Adu Jnr, has cautioned President John Mahama to ensure that political appointees in his administration deliver on their...

Banks wrote-off GH¢654.2m as bad debt in first four months of 2025

Banks in Ghana wrote off GH¢654.2 million as bad debt in the first four months of 2025. According to the Domestic Money Bank Report by...

World Bank backs Ghana with $360m to strengthen macroeconomic stability

The World Bank has approved a $360 million financing package to support Ghana’s economic rebound, a move that signals renewed confidence in the country’s...

Afreximbank appoints Dr George Elombi as next president

The shareholders of the African Export-Import Bank (Afreximbank) have appointed Dr. George Elombi as the next President and Chairman of the Board of Directors...

Akufo-Addo pushes for 30% sovereign reserves in African banks

Former President Nana Akufo-Addo has proposed that African countries deposit 30 per cent of their sovereign reserves with multilateral institutions on the continent. The proposal,...

Recalled BoG staff to be put on extended probation

The Bank of Ghana (BoG) has placed all recently recalled staff—whose appointments were earlier terminated—on an extended probation, sources have told JoyBusiness. The recall marks...