Pan-African Savings and Loans supports Ghana Blind Union with borehole
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...
Gov’t blocks pension funds from offshore investment on currency concerns, sources say
Government is clamping down on private pension fund managers who want to invest in offshore assets on concerns it could worsen pressure on its...
CBG speaks on BoG’s suspension of forex trading license
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...
BoG suspends CBG’s forex trading license
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...
Bitcoin tops record $80,000 as Trump nears sweep of US Congress
The price of bitcoin has risen above $80,000 (£62,000) for the first time ever, after Donald Trump's decisive victory in the US election last...
Gov’t has never been broke until DDEP – Alhassan Andani
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...
BoG to appeal court ruling on CDH Savings and Loans license revocation
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...
High Court overturns BoG’s revocation of CDH license, orders arbitration
An Accra High Court has overturned the Bank of Ghana's (BoG) 2019 decision to revoke the operating license of CDH Savings and Loans Company...
ADB temporarily closes Bawku branch amid rising security concerns
The Agricultural Development Bank PLC (ADB) has announced the temporary closure of its branch in Bawku, citing escalating security concerns in the area.In a...
Stanbic Youth Banking Proposition launched
As part of efforts to meets the needs of the youth, Stanbic Bank Ghana has launched a Youth Banking Proposition in Accra.This is a...
Don’t panic; BoG has adequate reserves to support cedi – Finance Minister assures businesses
Finance Minister Dr Mohammed Amin Adam has reassured businesses and market stakeholders, stressing that the Bank of Ghana (BoG) holds sufficient dollar reserves to...
T-bills auction: Gov’t records oversubscription but at expense of rising interest rates
The government oversubscribed about 11% of its treasury bill sales for the third consecutive week.However, it came at the expense of rising interest rates.According...
Phase 2 of DDEP had relatively low impact on 2023 audited financial performance – BoG
Phase 2 of the Domestic Debt Exchange Programme (DDEP) had a relatively low impact on the 2023 audited financial performance of banks, then Bank...
BoG amplifies Africa’s fiscal policy support from IMF, World Bank
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has called for increased support for reforms by the International Monetary Fund (IMF) and...
ADB strengthens CSR commitment as it makes significant gains
The Agricultural Development Bank PLC (ADB) has doubled its commitment to Corporate Social Responsibility (CSR), recording significant gains in its unaudited statement of financial...
Ghana to record end-year inflation of 15.0% in 2024 – IMF
Ghana is expected to record an average inflation of 19.5% in 2024, the International Monetary Fund (IMF) has revealed.In its World Economic Outlook, it...
2024 elections will not cause panic withdrawals – GAB allays fears
The Ghana Association of Banks (GAB) says the upcoming elections will not have any impact on deposits in the financial sector.The GAB has ruled...
IMF warns world to avoid global trade war
The world economy could contract by the size of the combined French and German economies, if there is a broad-based trade war between the...
Next of Kin of a deceased bank account holder is not automatic beneficiary – BoG
Did you know that if you are made the next of kin of a bank account by a friend or relative, you do not...
Ghana Association of Banks offers 7 proposals to tackle fraud in the financial industry
The Ghana Association of Banks (GAB) has rolled out a set of measures to bolster the banking sector’s defenses against increasingly complex fraud schemes.This...
Kwahumanhene resigns as ADB Board Chair following extortion allegations
The Kwahumanhene, Daasebre Akuamoah Agyapong II has resigned as the Board Chairman of the Agricultural Development Bank (ADB).The resignation which takes immediate effect follows...
Does Ghana’s monetary policy rate predict outcome of presidential elections?
The Monetary Policy Rate (MPR) is a key tool used by central banks to control inflation and influence the cost of borrowing in an...
Implementation gaps hinder business climate in 50 economies – World Bank
Economies do better at enacting regulations to improve the national business climate than they do in providing the public services needed to secure actual...
Ghana saves $5bn from Eurobond debt restructuring
In a significant move towards economic recovery, Ghana has successfully completed its Eurobond debt exchange, restructuring $13 billion of its external debt.This achievement follows...
Ghana places 4th in Africa with highest outstanding debt to IMF
Ghana placed 4th in Africa with the highest outstanding debt to the International Monetary Fund, the Fund’s 2024 Quarterly Financial Statement has revealed.The country’s...
All you need to know about the Ghana Gold Coin
Ghana is set to introduce its highly anticipated Ghana Gold Coin (GGC), giving residents a new avenue for investment.Dr. Steve Opata, an advisor at...
ADB wins big at CIMG Customer Satisfaction event
The Agricultural Development Bank (ADB) PLC has received several 5-Star ratings at the Chartered Institute of Marketing Ghana (CIMG) Customer Satisfaction Survey Index Report...
We’ve gone back to basics, targeting SMEs, corporate sectors to grow rapidly – Republic Bank MD
Republic Bank PLC is optimistic to deepen its operations in the micro, small and medium sectors to support the growth of the local economy43.According...
No Jobs were lost during banking sector clean-up – Dr. Mark Assibey-Yeboah [Video]
Chairman of the NPP Manifesto Sub-Committee on the Economy, Dr. Mark Assibey-Yeboah, says no jobs were lost during the government's 2017 banking sector clean-up.Speaking...
Consolidated Bank Ghana has not been sold- Management
Consolidated Bank Ghana (CBG) has denied reports that the bank has been sold to a foreign entity.There has been reports on social media that...
Bank Fraud will persist if culprits are only blacklisted, not prosecuted – Adam Bonaa
Security expert, Adam Bonaa has expressed concern over the increasing bank fraud, stating that blacklisting culprits is insufficient without prosecution.His comments come after the...
Staff of banks involved in fraud increases by 46% in 2023; BoG expresses worry
The number of staff involved in fraudulent activities in banks and Specialized Deposit-Taking Institutions (SDIs) rose from 188 in 2022 to 274 in 2023,...
BoG calls for consistent pricing in digital payment to enhance innovation
The Head of Fintech at the Bank of Ghana (BoG), Kwame Oppong has advocated for stakeholders in the digital payments ecosystem to consider setting...
Fund Managers to be engaged as GH₵700m of GH₵1.5bn bailout is set for release
Heads of defunct fund management firms are being called to meetings in the coming days to discuss the distribution of an initial GH₵700 million...
Bond market: Secondary market volume dips to GH¢886m
The secondary bond market activity slowed by 5.35% to GH¢886 million last week, down from GH¢1.21 billion recorded during the preceding week.There were minor...
New round of debt restructuring: Govt turns to private banks, contractors
The government has sent an offer to private banks and contractors who it owes about $2.8 billion for a possible restructuring of the debt.After...
Banking sector recovering from Post-DDEP – Monetary Policy Report
The Bank of Ghana has revealed that the banking sector’s performance in half-year 2024 pointed to continuing recovery from the macroeconomic challenges since 2022.However,...
Parliament approves $250m World Bank loan
Parliament has approved a $250 million loan agreement from the World Bank to support Ghana's Energy Sector Recovery Programme.This facility, which was initially rejected...
Business confidence dipped due to rapid exchange rate depreciation in May 2024 – BoG report
The Bank of Ghana (BoG) in its latest Monetary Policy Report has revealed that confidence surveys conducted in June 2024 indicated some softening of...
Tsatsu Tsikata proposes solution to Ghana’s cedi depreciation challenge
Ghanaian legal luminary Tsatsu Tsikata has proposed a solution to Ghana's recurring Cedi depreciation.Speaking at the 14th Leadership Dialogue organised by the Centre for...