Gov’t misses Treasury Bill target for 4th straight week
The government has failed to meet its treasury bill target for the fourth consecutive week, falling short by about 24%, according to auction results...
Fitch warns Ghana rating at risk if local bond market remains shut
Fitch Ratings has outlined key risks that could lead to a downgrade of Ghana’s credit rating, despite recently upgrading the country’s Long-Term Foreign-Currency Issuer...
BoG moves to block remittance leakages to stabilise cedi
As part of measures to stabilise the cedi, the Bank of Ghana (BoG) has initiated plans to tighten controls and block all leakages in...
BoG signals stronger supervision and incoming crypto regulations
The Bank of Ghana (BoG) has reaffirmed its commitment to supervisory priorities centered on governance, anti-money laundering (AML), cybersecurity, climate risk, and innovation oversight...
Prof. Kwaku Asare shoots down Fiscal Council proposals
As Ghana grapples with an elevated public debt-to-GDP ratio, hovering around 85% by late 2024, and navigates stringent fiscal reforms mandated by its Extended...
Past cedi depreciation driven by profit-seekers, not fundamentals – John Awuah
The CEO of the Ghana Association of Banks, John Awuah, has revealed that a significant portion of the cedi’s past depreciation was driven not...
Ghana Cedi’s recent gains may be temporary without deeper reforms – APL explains why
Africa Policy Lens (APL), a Policy Research and Analyst Organisation, has commended Ghana’s recent macroeconomic progress but warned that the appreciation of the cedi...
Reduced public spending the reason for the Cedi’s recent strength – APL argues
Research and Policy Analysts, Africa Policy Lens (APL), have highlighted factors that have accounted for the significant appreciation of the Ghanaian cedi in the...
Ghana’s economic rebound is real, but… – Bank of Ghana
The Ghanaian economy is showing renewed signs of recovery, but sustaining this progress will require consistent policy execution, deep structural reforms, and collective national...
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...