Dr. Atuahene sends strong message to Ghanaians on bank thefts
Banking consultant Dr. Richmond Atuahene has raised concerns over the involvement of financial institution staff in cash theft, cautioning customers against blindly trusting bank...
Ghana lost GHȼ4.6 billion to tax exemptions in 2023
The Finance Ministry has revealed that Ghana lost GHȼ4.6 billion to tax expenditures in 2023—a 4.2% drop from the GHȼ4.8 billion recorded in 2022.
While...
ISSER Director cautions against hastily reinstating bank licenses
The Director of the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, has urged the government and the leadership of the...
BoG launches comprehensive audit of remittance activities
The Bank of Ghana (BoG) has commenced an audit of remittance activities covering the fourth quarter of last year, from October 1 to December...
Kwakye Ofosu challenges Dr. Amin Adam over DDEP payments
The Minister of State for Government Communication, Felix Kwakye Ofosu, has dismissed claims by former Finance Minister Dr. Mohammed Amin Adam that the payment...
Ghana plans return to domestic bond market in second quarter of 2025
After implementing a domestic debt exchange program that concluded in February 2023 with over 80% participation, the government is preparing to re-enter the local...
DDEP: NPP did not default; We ensured smooth payments before leaving office – Dr. Amin Adam
Former Finance Minister Dr. Mohammed Amin Adam has credited the New Patriotic Party (NPP) for ensuring timely coupon payments under the Domestic Debt Exchange...
Do things right to win investors’ trust – Pensioners bondholders forum to gov’t
The Convener of the Pensioners Bondholders Forum, Dr. Adu Anane Antwi, has urged the government to ensure it fulfills its financial obligations to investors...
Debt Exchange: Finance Ministry pays GH₵6bn to bondholders
The Ministry of Finance has released GH₵6.081 billion to settle all bondholders under the Domestic Debt Exchange Programme (DDEP).
This follows President John Mahama’s directive...
CID boss sues bank over late husband’s accounts
The Director-General of the Criminal Investigations Department (CID) of the Ghana Police Service, Commissioner of Police (COP) Faustina Andoh-Kwofie, has initiated a legal action...
Demand for Treasury Bills soars amid economic shifts
In an unprecedented move, the Bank of Ghana's recent auction of treasury bills saw a surge in investor interest, marking the highest demand in...
IMF sets April 2025 to assess Ghana’s progress in meeting key requirements
The International Monetary Fund(IMF) has indicated that it will formally assess Ghana’s progress in meeting key commitments in April 2025.This will be in the...
CIMG: Michael Abbiw is new President as new national executives are elected
The Chartered Institute of Marketing, Ghana (CIMG) has officially announced the results of its highly anticipated national elections.The voting process, overseen by the Electoral...
Second Deputy BoG Governor takes early retirement
The Second Deputy Governor of the Bank of Ghana (BoG), Elsie Addo Awadzi, has taken early retirement, effective February 28, 2025.This was confirmed in...
T-bills: Gov’t records 43% oversubscription; interest rates decline
The demand for treasury bills continued to surge despite declining yields.According to auction results from the Bank of Ghana, the government recorded a 43.85%...
Edward Ato Sarpong nominated as Managing Director of ADB
The majority shareholder of the Agricultural Development Bank (ADB) has nominated chartered accountant and former Deputy Minister of Communications, Edward Ato Sarpong, as the...
Alhassan Yakubu-Tali resigns as ADB MD
Alhassan Yakubu-Tali has resigned as the Managing Director of Agricultural Development Bank PLC (ADB), effective Wednesday, February 5, 2025.His resignation follows the nomination of...
IMF doesn’t have jurisdiction over appointment of Bank of Ghana Governor – Kwakye tells Boako
The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, is opposing the idea of the lawmaker for Tano North,...
Johnson Asiamah uniquely qualified to hold BoG Governor position – Kwakye Ofosu
Felix Kwakye Ofosu, the Acting Spokesperson for President John Dramani Mahama, has expressed confidence in Dr. Johnson Asiamah’s qualification to hold the position of...
Minority threatens to petition IMF over dropped charges against BoG Acting Governor
The Minority in Parliament has strongly criticised President John Dramani Mahama for allowing the discontinuation of criminal charges against Dr. Johnson Pandit Asiamah, the...
Cedi continues strong run against dollar; one dollar equals GH¢15.81
The cedi continued its strong run last week, appreciating against the US dollar and other major foreign currencies on the retail market.This narrowed its...
Dr. Johnson Asiama takes over as Bank of Ghana Governor
The new Bank of Ghana Governor, Dr. Johnson Asiama, held a brief ceremony with the management of the Central Bank after officially taking over...
BoG introduces directive on financial inclusion for persons with disabilities
The Bank of Ghana has issued a directive on financial inclusion for persons with disabilities.This directive is in line with internationally accepted financial inclusion...
GCB appoints Farihan Alhassan as MD
Ghana Commercial Bank (GCB) has appointed Farihan Alhassan as its new Managing Director.The appointment follows the resignation of Kofi Adomako.In a statement, GCB explained...
Prof. Joshua Alabi appointed as GCB’s new board chairman
Ghana Commercial Bank (GCB) has appointed Professor Joshua Alabi as an Independent Non-Executive Director and Chairman of the Board of Directors.The appointment, which takes...
Ghana’s public debt falls to GH¢736 billion
Ghana's public debt stock has seen a decline, falling to GH¢736.0 billion in November 2024 from GH¢761.0 billion in October 2024, according to the...
Fidelity bank dismisses reports of seizing US$25m from MIIF
Fidelity Bank has strongly dismissed allegations of seizing US$25 million from the Minerals Income Investment Fund (MIIF).Earlier reports suggested that in 2024, MIIF, operating...
Women’s bank to offer credit at low interest, flexible terms – Gender Minister-designate
Member of Parliament for Nungua and Minister-designate for Women, Children, and Social Protection, Dr. Agnes Naa Momo Lartey, has said that plans to establish...
Banking sector clean-up was haphazardly done – Kofi Amoabeng
Former UT Bank founder and CEO, Captain (Rtd) Prince Kofi Amoabeng, has expressed strong reservations about how Ghana's banking sector clean-up was conducted, describing...
GCB announces temporary closure of Nkwanta branch
The Ghana Commercial Bank(GCB) has temporarily closed down its Nkwanta branch in the Oti Region due to the renewed chieftaincy clashes.The re-emergence which has...
‘How can I steal from a bank I built?’ – Kofi Amoabeng quizzes
Former UT Bank founder and CEO, Captain Prince Kofi Amoabeng, has dismissed allegations of misappropriating funds from the bank he founded, describing the claims...
‘Did IMF order Rambo-style UT Bank closure?’ – Kofi Amoabeng questions BoG
Former UT Bank founder and CEO Prince Kofi Amoabeng has questioned the International Monetary Fund's (IMF) involvement in the closure of UT Bank and...
‘I had a hunch IMF played a role in UT Bank closure’ – Kofi Amoabeng
The former founder and CEO of UT Bank, Prince Kofi Amoabeng, has voiced his suspicions about the role of the International Monetary Fund (IMF)...
Private sector participation crucial in power distribution – Jinapor
Energy Minister-Designate John Abdulai Jinapor has emphasized the importance of private sector participation in the operations of the Electricity Company of Ghana (ECG) to...
I didn’t say I was going to request additional funds from IMF – Finance Minister-Designate
The Finance Minister-designate, Dr. Cassiel Ato Forson, has refuted claims that he intends to request additional finance from the International Monetary Fund (IMF).Speaking during...
Gov’t could seek more IMF funding – Finance Minister-designate
The new Mahama government could seek extra funding from the International Monetary Fund (IMF) during its current, three-year programme with the lender to cushion...
Ghana is 2nd most indebted African country to IMF in terms of Concessional Lending
Ghana is the second most indebted country to the International Monetary Fund in Africa in terms of Concessional Lending and Debt Relief Trust.The country’s...
Pound falls as borrowing costs rise to highest since 2008
The pound has fallen to its lowest level for nine months after UK government borrowing costs continued to rise.The drop came as UK 10-year...
Maintain E-Levy to support Women’s Development Bank, SMEs – GUTA tells Mahama
The President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has urged President John Dramani Mahama to reconsider his decision to...
As long as I remain BoG Governor, no revoked license will be reinstated – Dr Addison
The Governor of the Bank of Ghana(BoG) Dr Ernest Addison, has ruled out the possibility of the restoration of any revoked banking licenses as...