Finance

Ghana’s international reserves hit $12 billion – BoG Governor

The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has disclosed that the country’s gross international reserves have reached $12 billion, providing...

US dollar is not our currency – Ato Forson tells Ghanaians

The Minister for Finance, Dr Cassiel Ato Forson, has said that the US dollar is not the nation’s legal tender, urging the public and...

Work with banks and businesses to restore confidence in Cedi — Veep to BoG

The Vice President Professor Naana Jane Opoku Agyeman has urged the Bank of Ghana (BoG) to deepen collaboration with commercial banks and the business...

Cedi@60: Gov’t committed to sustaining Cedi stability — Finance Minister

The Minister for Finance, Dr. Cassiel Ato Forson, has reaffirmed the government’s commitment to maintaining the stability of the Ghana Cedi and called on...

Cedi@60: This is a call to protect our monetary independence – BoG Governor

Governor of the Bank of Ghana, Dr. Johnson Asiama, has called for stronger national efforts to protect the Cedi and safeguard Ghana’s monetary independence....

Cedi@60: Cedi stability improving, public confidence rising — Prof. Quartey

Economist at ISSER, Prof. Peter Quartey, says the Ghanaian cedi has shown signs of improved stability this year, giving the public renewed confidence in...

Banks record GH¢9.7bn profit in 8 months of 2025

The banking industry remained profitable for the first eight months of 2025, recording a growth of 46.1% to GH¢9.7 billion profit-after-tax. This is relative to...

Cedi records one of its strongest performances; one dollar equals GH¢12.10 at forex bureaux

The Ghana cedi posted one of its strongest performances in recent months over the two-week review period. This was supported by improved market sentiment and...

Cedi@60: Banks call for continued reforms to keep currency stable

The Chief Executive Officer of the Ghana Association of Banks (GAB), John Awuah, says recent policy adjustments by the Bank of Ghana (BoG) are...

IMF Board to consider Ghana’s 5th programme review in Dec, approves $380m disbursement

The Executive Board of the International Monetary Fund (IMF) is expected to meet in the first week of December to consider Ghana’s Fifth Programme...

Foreign exchange market back on its feet; banks, not BoG, now driving trade – Governor

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, says Ghana’s foreign exchange market has regained its stability, with commercial banks now driving...

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...