BoG calls for consistent pricing in digital payment to enhance innovation
The Head of Fintech at the Bank of Ghana (BoG), Kwame Oppong has advocated for stakeholders in the digital payments ecosystem to consider setting...
Fund Managers to be engaged as GH₵700m of GH₵1.5bn bailout is set for release
Heads of defunct fund management firms are being called to meetings in the coming days to discuss the distribution of an initial GH₵700 million...
Bond market: Secondary market volume dips to GH¢886m
The secondary bond market activity slowed by 5.35% to GH¢886 million last week, down from GH¢1.21 billion recorded during the preceding week.There were minor...
New round of debt restructuring: Govt turns to private banks, contractors
The government has sent an offer to private banks and contractors who it owes about $2.8 billion for a possible restructuring of the debt.After...
Banking sector recovering from Post-DDEP – Monetary Policy Report
The Bank of Ghana has revealed that the banking sector’s performance in half-year 2024 pointed to continuing recovery from the macroeconomic challenges since 2022.However,...
Parliament approves $250m World Bank loan
Parliament has approved a $250 million loan agreement from the World Bank to support Ghana's Energy Sector Recovery Programme.This facility, which was initially rejected...
Business confidence dipped due to rapid exchange rate depreciation in May 2024 – BoG report
The Bank of Ghana (BoG) in its latest Monetary Policy Report has revealed that confidence surveys conducted in June 2024 indicated some softening of...
Tsatsu Tsikata proposes solution to Ghana’s cedi depreciation challenge
Ghanaian legal luminary Tsatsu Tsikata has proposed a solution to Ghana's recurring Cedi depreciation.Speaking at the 14th Leadership Dialogue organised by the Centre for...
GCB Bank PLC maintains strong profit growth in first half of 2024
GCB Bank has recorded strong profit growth in the first half of 2024 (1H 2024) compared to the same period in 2023.This strong performance...
T-bills auction: Gov’t misses target again, but interest rates ease
For the seventh consecutive week, the government missed its auction target for treasury bills.According to the auction results by the Bank of Ghana, the...
SanlamAllianz Life Insurance CEO: We’re backing our prompt-payment promise with admirable service experience
The CEO and Managing Director of Sanlam Allianz Life Insurance Ghana, Tawiah Ben-Ahmed, has promised that the merger of Sanlam and Allianz Insurance is...
#BringBackGNBank campaign hits the North
The second phase of #BringBackGNBank national tour has commenced in the northern part of Ghana with a call on the ruling government to reinstate...
Access Bank Ghana plc celebrates 15 years of ‘more than banking’
Access Bank (Ghana) Plc is marking 15 years of pioneering banking in Ghana, celebrating a journey of growth, innovation, and excellence.Over the next 12...
Abena Osei-Asare resigns from ADB
Agricultural Development Bank PLC (ADB) has announced the resignation of Abena Osei-Asare, Minister of State at the Finance Ministry, as a non-executive director, effective...
Ghana Link executives sweep National Communications Awards
In a resounding affirmation of Ghana's burgeoning tech sector, executives from Ghana Link Network Services dominated the 6th Edition of the National Communications Awards...
Ghana doesn’t need Mineral Development Bank – Bawumia told [Listen]
Banking consultant, Dr Richmond Atuahene has said Ghana does not need a Minerals Development Bank to increase gold reserves.According to him, Ghana does not...
BoG to offload shares in ADB; pledges to fix recurring problems in state-owned banks
The Bank of Ghana has pledged to offload its shares in ADB Bank to the government.It has also vowed to address recurring problems at...
Individualized credit scoring system to be rolled out by end of year – Bawumia
Flagbearer of the governing New Patriotic party (NPP), Dr. Mahamudu Bawumia says individualized credit scoring will be rolled out in Ghana before the end...
World Bank: Majority of Ghanaian banks strong enough to avoid recapitalisation
In its 8th Ghana Economic Update, the World Bank reported that over half of Ghana's 23 banks are well-positioned to avoid the need for...
Finance Minister’s apology not enough – Bokpin
A finance and economics professor at the University of Ghana, Professor Godfred Bokpin, says the recent apology by the Finance Minister, Dr Mohammed Amin...
Ofori-Atta’s Databank earned $9.2m in Eurobonds, domestic bonds in 3 years – Manasseh’s book reveals
Investment bank, Databank, co-founded by the former Finance Minister, Ken Ofori-Atta is said to have earned a total amount of $9.2 million from Ghana's...
Over $5bn worth of gold reserve realised under domestic gold purchase programme – BoG
The Bank of Ghana (BoG) has announced that over $5 billion worth of gold reserve has been accumulated so far under the Government’s Domestic...
Clamp down on unregistered and unregulated forex businesses – ISSER to BoG
The Institute of Statistical, Social and Economic Research (ISSER) has urged the Bank of Ghana (BoG) to take decisive action against unregistered and unregulated...
Build up sinking fund to ensure sufficient repayment of restructured debts – ISSER
The Institute of Statistical, Social and Economic Research (ISSER) has emphasized the importance of reinforcing Ghana’s Sinking Fund to adequately manage the repayment of...
Stop apologising and reduce rising debt – Independent Bondholders Forum to Minister
A member of the Bondholders Forum, Harry Yamson has recommended that the government prioritise addressing the debts as a solution to the country's economic...
Apology doesn’t heal wounds from your actions – Finance Minister told
Convener of the Pensioners Bondholders Forum, Dr Adu Anane Antwi, says the Minister of Finance, Dr Mohammed Amin Adam's recent apology to Ghanaians for...
Secondary bond market improves but still below pre-DDEP levels
The secondary bond market activity improved in the first half of 2024 compared to the same period last year, but is still below pre-Domestic...
Access Bank named Ghana’s best bank for ESG in 2024
Access Bank (Ghana) Plc has been adjudged Ghana’s Best Bank in Environmental, Social, and Governance (ESG) at the 2024 Euromoney Banking Awards for Excellence...
Forex Bureaux to verify Ghana Cards, Passports before transactions effective August 1
The Bank of Ghana has announced an update to its foreign exchange trading system, introducing a centralised platform aimed at ensuring the integrity and...
AU endorses Akufo-Addo’s proposal for increased mobile money interoperability across Africa
The African Union (AU) has endorsed President Nana Addo Dankwa Akufo-Addo’s proposal for mobile money interoperability across Africa.The proposal, considered a crucial step toward...
Ghanaian banks warned of cybercrime risk resulting from fake CrowdStrike update
The Africa Centre for Digital Transformation (ACDT) has issued a warning to banks in Ghana about potential cybercrime threats following a global software failure.The...
GH¢9.9billion spent on implementation of Free SHS Policy since 2017 – Finance minister
The Minister for Finance, Dr. Mohammed Amin Adam, has announced that the government has spent GH¢9.9 billion on the Free Senior High School (SHS)...
Mid-year Budget Review: Government disburses GH¢5.4bn to boost LEAP, School Feeding, and NHIS programs
Government has allocated GH¢5.4 billion to bolster the Livelihood Empowerment Against Poverty (LEAP) program, the National Health Insurance Scheme (NHIS), and the school feeding...
Livestream: Finance Minister presents 2024 mid-year budget review
The Finance Minister, Dr. Mohammed Amin Adam, is presenting the 2024 Mid-Year Budget Review in Parliament.This will be his first budget presentation since becoming...
ACDT warns banks of cybercrime surge after Global tech failure
The Africa Center for Digital Transformation (ACDT) has warned banks, savings and loan institutions, and rural banks in Ghana about the heightened risk of...
Report: Almost 50% of customers still prefer traditional banking
Nearly 47% of banking customers still favour traditional methods, despite the increasing popularity of digital banking.This information comes from the 2024 PwC Ghana Banking...
First Atlantic Bank inaugurates medical staff quarters at Ziavi in the Ho Municipality
Ziavi, Ho - Ghana – First Atlantic Bank, the Digital Bank of the Year, has inaugurated medical staff quarters at Ziavi within the Ho...
Ghana’s economic reforms show progress – IMF
The International Monetary Fund (IMF) has given Ghana a positive thumbs-up after approving a disbursement of around $360 million following a successful review of...
Persons implicated in financial sector cleanup not fit to hold positions – BoG
The Bank of Ghana has indicated that persons who have been directly implicated in the 2017-2019 Financial Sector clean-up, and all previous directors of...
Beige Bank bought forex from unlicensed company – Witness
A witness in the trial of Michael Nyinaku, the Founder of the erstwhile Beige Bank Limited, has testified  that the bank bought foreign currency...