Energy Minister-Designate John Abdulai Jinapor has emphasized the importance of private sector participation in the operations of the Electricity Company of Ghana (ECG) to...
The Finance Minister-designate, Dr. Cassiel Ato Forson, has refuted claims that he intends to request additional finance from the International Monetary Fund (IMF).
Speaking during...
The new Mahama government could seek extra funding from the International Monetary Fund (IMF) during its current, three-year programme with the lender to cushion...
Ghana is the second most indebted country to the International Monetary Fund in Africa in terms of Concessional Lending and Debt Relief Trust.
The country’s...
The President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has urged President John Dramani Mahama to reconsider his decision to...
The Bank of Ghana injected about US$2.8 billion into the foreign exchange market between August 2024 and December 2024.
It subsequently auctioned US$480 million to...
The Bank of Ghana has issued the Large Exposures Directive for Banks, Savings and Loans, Finance Houses and Financial Holding Companies.
The objectives of the...
The Board of Directors of the Agricultural Development Bank (ADB) Plc has explained that the alleged last-minute $750,000 contract is a renewal.
In a statement,...
Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa has raised an alarm on the approval of an electronic servicing agreement worth US$750,000 by...
Trading activities in the secondary bond market declined by 50.1% last week due to risk-off sentiments among offshore investors.
Total volume traded fell to GH¢762...
Fitch Ratings expects the outlook for sub-Saharan African sovereigns to be neutral in 2025.
This the UK-based firm says will reflect a stronger macroeconomic outlook...
Ghana spent 42% of its revenue to servicing debt between 2017 and 2022, according to the 2024 United Nations report on Unpacking Africa’s Debt.
This...
The Agricultural Development Bank PLC (ADB) has strongly refuted circulating allegations aimed at tarnishing the reputation of the Bank and its Deputy Managing Director,...
The recapitalisation of banks is progressing, but credit risks have increased, the International Monetary Fund has stated.
The Washington-based multilateral institution, however, said the banking...
Former Minister of Finance Seth Terkper has revealed that President-elect John Mahama’s proposals to renegotiate the International Monetary Fund (IMF) programme will be guided...
SikaFX, an innovative money transfer platform, is excited to announce its launch in Ghana’s financial sector.
The company’s goal is to streamline international remittances, providing...
Consolidated Bank Ghana (CBG) has resumed its foreign exchange trading operations following the restoration of its licence by the Bank of Ghana (BoG).
The Central...
Claim 1: A Facebook user claims John Mahama, the NDC 2024 flagbearer, left office on January 6, 2017, when Ghana’s debt-to-GDP ratio was 56%.Â
Verdict: False!
Explanation
Data from...
Data from the Bank of Ghana (BoG), shows a significant rise in mobile money transactions, highlighting the growing acceptance of digital financial services across...
Pan-African Savings and Loans (Pan-African), as part of its Corporate Social Responsibility (CSR) initiatives, has donated a borehole to the Ghana Blind Union.
This donation...
Consolidated Bank Ghana (CBG) has assured the public that the suspension of its Foreign Exchange License (FEL) does not impact its full banking operations.
The...
The Bank of Ghana (BoG) has suspended the foreign exchange trading license of Consolidated Bank Ghana (CBG) for one month.
The suspension, which takes effect...
Former Stanbic Bank CEO Alhassan Andani expressed profound disappointment over Ghana’s recent financial trajectory, saying the government’s declaration of the Domestic Debt Exchange Programme...
Following a recent High Court decision reversing the Bank of Ghana’s (BoG) revocation of CDH Savings and Loans’ license, a BoG source has confirmed...
