Finance

BoG to resume monetary easing in quarter 3, 2025

The Bank of Ghana (BoG) is expected to resume monetary easing in the third quarter of 2025, but at a measured pace, Fitch Solutions...

Why is a board member doing PR? – Ken Thompson questions Adongo’s dollar withdrawal comments

Economist Kenneth Kwamina Thompson has questioned why Dr. Isaac Adongo, a board member of the Bank of Ghana (BoG), is publicly commenting on operational...

Cedi stability backed by organic, non-debt creating reserves – BoG

The First Deputy Governor of the Bank of Ghana (BoG), Dr. Mumuni Zakaria, has clarified that the recent rally of the cedi is not...

We’re not burning reserves to hold the cedi – BoG Deputy Governor

The First Deputy Governor of the Bank of Ghana, Dr. Mumuni Zakaria, has dismissed claims that the central bank is depleting its foreign reserves...

BoG settles brouhaha on over-the-counter dollar withdrawal

The Bank of Ghana (BoG) has clarified that existing rules on foreign exchange withdrawals remain in force. This follows claims by BoG board member and...

BoG Governor calls for trust-based partnerships to accelerate Fintech and digital initiatives

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has called for collaboration to promote fintech and digital initiatives to enhance Africa’s...

We’re guiding the cedi to its true level – Isaac Adongo

Bank of Ghana Board Member Isaac Adongo says the recent calm in the cedi’s volatility is the result of a deliberate and coordinated policy...

We haven’t received any directive to halt over-the-counter dollar withdrawals – Bankers Association

The Ghana Association of Bankers (GAB) has clarified that commercial banks have not received any official directive from the Bank of Ghana (BoG) to...

No more over-the-counter dollar withdrawals – Adongo

Bank of Ghana (BoG) board member Isaac Adongo has announced plans to intensify restrictions on over-the-counter US dollar withdrawals from financial institutions as part...

Mahama appoints Florence Adei Ohene as second Deputy MD of Consolidated Bank Ghana

President John Mahama has appointed Florence Adei Ohene as the second Deputy Managing Director of Consolidated Bank Ghana Ltd (CBG). With more than 25 years...

Cedi to continue appreciating; one dollar trades at GH¢13.60

The Ghana cedi gained 6.25% week-on-week against the dollar in the retail market, cementing its position as the best currency among a basket of...

Bond Market: Secondary activity eases 2.67% to GH¢1.23bn

Activity in the secondary bond market declined by 2.67% week-on-week to GH¢1.23 billion, down from GH¢1.26 billion. Trading remained concentrated in the General Category bonds,...

“A welcome break for Ghanaians” – Joe Jackson hails Cedi’s rise

Ghana's national currency, the Cedi, is currently enjoying a rare moment in the global spotlight. According to a recent Bloomberg report, the local unit has...

What do I do with my dollars? – GUTA reveals growing panic among traders holding on to forex

Charles Kusi Appiah, Head of the Business and Economic Bureau of the Ghana Union of Traders Association (GUTA), has revealed a growing sense of...

The fundamentals haven’t changed – Lecturer cautions against cedi hype

An Economics lecturer at the University of Ghana says the recent cedi appreciation must be viewed with caution, warning that the underlying fundamentals of...

If you don’t need that forex, liquidate it – GUTA advises traders

Charles Kusi Appiah, Head of the Business and Economic Bureau of the Ghana Union of Traders’ Associations (GUTA), has warned individuals and businesses against...

April 2025 inflation slows to 21.2%; fifth consecutive decline

Inflation for the month of April 2025 slowed marginally to 21.2 percent from 22.4 percent in March. The drop was influenced by decline in food...

Mahama appoints Matilda Asante-Asiedu as BoG Second Deputy Governor

President John Mahama has appointed Matilda Asante-Asiedu as the Second Deputy Governor of the Bank of Ghana (BoG). This was announced in a statement signed...

IMF boss commends Finance Minister for strong commitment to economic reforms

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has commended Minister for Finance, Dr. Cassiel Ato Forson, and his team for...

GOLDBOD commences licensing of service providers

The Ghana Gold Board (GoldBod) has officially commenced the licensing of service providers within the country’s gold trading sector. Commencement of the licensing marks a...

Finance Minister Dr. Cassiel Ato Forson leads Ghana’s delegation to 2025 IMF and World Bank Spring Meetings

Ghana’s Finance Minister, Dr. Cassiel Ato Forson, is leading the country’s delegation to the 2025 IMF and World Bank Spring Meetings. This marks the first...

Minority criticizes IMF Staff Level Agreement, accuses gov’t of fiscal manipulation

The Minority in Parliament has issued a strongly worded statement following the announcement of a Staff Level Agreement between the International Monetary Fund (IMF)...

eTranzact Ghana clinches top honors at Ghana Corporate Finance Gala Dinner 2025

eTranzact Ghana continues to affirm its leadership in the financial technology sector, taking home two of the most coveted awards at the just-ended Ghana...

Bank of Ghana governor urges prudence in lending rate adjustments

The Bank of Ghana Governor, Dr. Johnson Asiama, has urged commercial banks to exercise caution and transparency when adjusting their lending rates following the...

Finance Minister to establish compliance desk to enforce new PFM Act

The Minister for Finance, Dr Cassiel Ato Forson, has announced the establishment of a dedicated Compliance Desk within the Ministry to monitor and enforce...

GRA exceeds revenue target in quarter one, records GH¢41bn

The Ghana Revenue Authority (GRA) has exceeded its first-quarter revenue target, recording GH¢41 billion, surpassing the target of GH¢36 billion. Acting Commissioner-General of the GRA,...

Cedi is 7th strongest currency in Africa in Q1 2025

As of the end of the first quarter of 2025, the Ghana Cedi has been ranked 7th as the strongest currency in Africa, with...

Cedi loses 5.3% to dollar in Q1 2025 – BoG

The Ghana cedi depreciated by 5.3% against the US dollar in the first quarter of 2025. According to the Bank of Ghana, the local currency...

Finance Minister announces cost-cutting measures

Finance Minister Dr. Cassiel Ato Forson has outlined a series of cost-cutting measures aimed at reducing government expenditure and ensuring prudent financial management. Speaking at...

GRA denies freezing accounts of BILLS Micro Credit chairman Richard Nii Armah Quaye

The Ghana Revenue Authority (GRA) has refuted claims that it has frozen the financial accounts of Richard Nii Armah Quaye, the businessman and Chairman...

GRA conducts tax assessment on businessman Richard Nii Armah Quaye

The Ghana Revenue Authority (GRA) has initiated an income tax assessment on businessman and Chairman of Micro Credit firm BILLS, Richard Nii Armah Quaye. The...

Governor Asiama chairs first MPC meeting with proposed reforms

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, will today, March 24, 2025, chair his first Monetary Policy Committee (MPC) meeting...

Commercial banks expand lending amid Treasury Bill rate decline

Commercial banks have begun exploring more lending options for businesses and diversifying their investments into high-yielding asset classes in response to declining Treasury Bill...

Gold can give Ghana ten times more forex than cocoa gives – Sammy Gyamfi

The acting Managing Director of the Precious Minerals Marketing Company (PMMC), Sammy Gyamfi, has raised concerns over the significant loss of foreign exchange Ghana...

NHIL uncapping to offset USAID funding suspension – Ato Forson

The government has announced that the uncapping of the National Health Insurance Levy (NHIL) is expected to generate approximately GH¢9.9 billion to help bridge...

2025 budget betrays government’s priorities – Oppong Nkrumah

Member of Parliament for Ofoase Ayirebi and former Minister of Housing, Kojo Oppong Nkrumah, has raised concerns about the 2025 budget statement, suggesting that...

Deputy Finance Minister justifies removal of E-Levy, betting tax

Deputy Finance Minister Thomas Ampem Nyarko has articulated the government’s rationale behind the decision to abolish the Electronic Levy (E-Levy), the betting tax, and...

Amin Adam defends Akufo-Addo’s borrowing amid COVID-19 crisis

Former Finance Minister Dr. Mohammed Amin Adam has defended the Akufo-Addo administration’s borrowing practices, arguing that loans secured during the COVID-19 pandemic were essential...

Shortcomings of the 2025 Budget and economic policies

Finance Minister Cassiel Ato Forson has presented the first annual national budget and economic policy statement under the John Dramani Mahama administration to Parliament,...

Seth Terkper defends 2025 budget

Presidential Advisor on the Economy, Seth Terkper, has defended the government’s 2025 budget, describing it as a necessary step to implement austerity measures aimed...