Finance

BoG revises sanctions for issuing dud cheques; announces stricter punishments

The Bank of Ghana has revised the sanctioning regime in respect of the issuance of dud cheques for strict compliance by banks and Specialised...

BoG to commence Cedi@60 celebration on October 28

The Bank of Ghana (BoG) has now set October 28, 2025, to commence the celebration of the 60th anniversary of the Ghana cedi. The celebration,...

Cedi was best-performing currency in Africa in 8 months of 2025 – World Bank

The Ghana cedi was the best-performing currency in Africa in the first eight months of 2025, the World Bank has revealed in its October...

Banks ‘write off’ GH¢893m in half-year 2025

Banks in Ghana wrote off GH¢893.0 million in the first-half of 2025, a 14.8% decline compared to the same period in 2024. According to the...

Cedi jumped the gun; correction normal — Prof Bokpin

The recent depreciation of the Ghana cedi against major international currencies is a “normal correction” following its “aggressive” appreciation earlier in the year, economist...

Cedi to stabilise between GH₵13.5 and GH₵14 by year-end – Prof. Bokpin

The Ghana Cedi, after months of unprecedented gains, is expected to come under seasonal pressure and settle between GH₵13.5 and GH₵14 to the U.S....

Ghana’s trade surplus hits $6.2 billion in first eight months – BoG Governor

The Bank of Ghana Governor, Dr. Johnson Asiama, has revealed that Ghana’s trade surplus rose to $6.2 billion during the first eight months of...

International buyers release over $4bn for Ghana’s cocoa purchases

Some international buyers of Ghana’s cocoa have begun advancing part of more than $4 billion to COCOBOD for cocoa bean purchases for the 2025/2026...

Government assures investors of fiscal discipline after IMF exit

Government is moving to reassure investors, donors, and markets that Ghana will maintain fiscal discipline after exiting the International Monetary Fund (IMF) programme in...

False! Ghana cedi NOT world’s worst-performing currency

Claims suggesting that the Ghana cedi is the worst-performing currency in the world have been circulating on both social media and news media platforms....

BoG Governor warns against huge dollar cash withdrawals

Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has cautioned that the central bank will no longer permit corporations to withdraw large...

We are committed to supporting the Business Community – BoG Governor assures

Governor of the Bank of Ghana, Dr. Johnson Asiama, has given firm assurance that the Central Bank remains committed to supporting the business community...

World Bank: Ghana’s disinflation gains momentum as cedi strengthens

Ghana has successfully resumed its disinflationary path in 2025, with a significant decline in headline inflation driven by tight monetary policy, a stronger currency,...

Decisions taken must support ongoing economic recovery – Dr. Asiama tells MPC members

The Governor of the Bank of Ghana (BoG) Dr. Johnson Asiama has charged members of the Monetary Policy Committee (MPC) to ensure that their...

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...

4.5 billion IMF funds used 6 days before Mahama administration began – Finance Minister

Finance Minister Dr Cassiel Ato Forson has revealed that the GH₵4.5 billion disbursed by the International Monetary Fund (IMF) was utilised between January 1...

Mid-Year Budget: Gov’t bans award of contracts in foreign currency

The government has announced a ban on the pricing and awarding of public contracts in foreign currency as part of efforts to stabilize the...

IMF Board to consider Ghana’s 4th programme review on July 7, 2025

The Board of the International Monetary Fund (IMF) has scheduled July 7, 2025, to consider Ghana’s fourth programme review in Washington, D.C., USA, according...

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...