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...
BoG injected US$2.8bn into forex market between August and December 2024
The Bank of Ghana injected about US$2.8 billion into the foreign exchange market between August 2024 and December 2024.It subsequently auctioned US$480 million to...
Bank of Ghana: List of FX Brokers authorised to operate on the Ghana Interbank FX Market
The Bank of Ghana (BoG) has announced the authorized FX brokers permitted to operate in the Ghana Interbank Forex Market for the calendar year...
BoG issues large exposures directive for banks, others
The Bank of Ghana has issued the Large Exposures Directive for Banks, Savings and Loans, Finance Houses and Financial Holding Companies.The objectives of the...
ADB justifies $750,000 ‘last minute’ contract
The Board of Directors of the Agricultural Development Bank (ADB) Plc has explained that the alleged last-minute $750,000 contract is a renewal.In a statement,...
Ablakwa blows alarm on ADB board’s $750K last minute contract
Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa has raised an alarm on the approval of an electronic servicing agreement worth US$750,000 by...
BoG issues bancassurance directives to stakeholders in financial sector
The Bank of Ghana (BoG) has issued the bancassurance directives as an Exposure Draft to solicit comments and inputs from the banking industry and...
BoG Governor explains UT, Capital Bank license revocations
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has attributed the revocation of licenses for UT Bank and Capital Bank to...
Bond market: Volume falls by 50.1% on risk sentiments
Trading activities in the secondary bond market declined by 50.1% last week due to risk-off sentiments among offshore investors.Total volume traded fell to GH¢762...
Maintain a tight monetary policy stance – IMF to BoG
The International Monetary Fund (IMF) has urged the Bank of Ghana (BoG) to maintain a tight monetary policy stance given upside risks to inflation...
Fitch expects outlook for sub-Saharan African sovereigns to be neutral in 2025
Fitch Ratings expects the outlook for sub-Saharan African sovereigns to be neutral in 2025.This the UK-based firm says will reflect a stronger macroeconomic outlook...
Ghana spent nearly half of revenue on debt servicing in 5 years
Ghana spent 42% of its revenue to servicing debt between 2017 and 2022, according to the 2024 United Nations report on Unpacking Africa’s Debt.This...
Bitcoin hits new record high of more than $106,000
Bitcoin has surged to a new record high, extending a rally that has seen the cryptocurrency's price rise by more than 50% since Donald...
ADB threatens legal action over false claims against Deputy Managing Director
The Agricultural Development Bank PLC (ADB) has strongly refuted circulating allegations aimed at tarnishing the reputation of the Bank and its Deputy Managing Director,...
Recapitalisation of banks progressing, but credit risks surge – IMF
The recapitalisation of banks is progressing, but credit risks have increased, the International Monetary Fund has stated.The Washington-based multilateral institution, however, said the banking...
IMF programme renegotiation will be guided by plans to reset economy – Terkper
Former Minister of Finance Seth Terkper has revealed that President-elect John Mahama’s proposals to renegotiate the International Monetary Fund (IMF) programme will be guided...
SikaFX launches revolutionary money transfer services in Ghana
SikaFX, an innovative money transfer platform, is excited to announce its launch in Ghana’s financial sector.The company’s goal is to streamline international remittances, providing...
Elon Musk’s record $447 billion fortune means he’s nearly $200 billion ahead of Jeff Bezos
Elon Musk is nearly $200 billion richer than Jeff Bezos, and personally worth more than Costco, after adding $63 billion to his fortune in...
Cedi expected to be biggest beneficiary from smooth elections
The cedi could be one of the biggest beneficiaries as a result of the smooth elections.Former President, John Mahama emerged the winner of the...
NPP borrowed more than GHS1 trillion between 2017 and 2024 NOT GHC 622 billion
Claim: X user @scottbolshevik claims that from 2017 to now, Ghana has borrowed over GHC 622 billion, with the Bank of Ghana illegally printing GHC...
CBG resumes forex trading
Consolidated Bank Ghana (CBG) has resumed its foreign exchange trading operations following the restoration of its licence by the Bank of Ghana (BoG).The Central...
Misleading! Mahama didn’t leave office with debt-to-GDP ratio at 56%, inflation at 15%, unemployment rate at 8%
Claim 1: A Facebook user claims John Mahama, the NDC 2024 flagbearer, left office on January 6, 2017, when Ghana’s debt-to-GDP ratio was 56%. Verdict: False!Explanation
Data from...
False! Ghana 7th not 3rd, most food-secure African country
Claim: At the final rally of the New Patriotic Party (NPP) on Dec. 5, 2024, the flagbearer, Dr Mahamudu Bawumia, said: “If you ranked...
GN Bank will bounce back after election – Dr Nduom assures customers
Dr Papa Kwesi Nduom, the Chairman of Group Nduom (GN), despite his age, led a peaceful two-kilometre march on a sunny Monday afternoon to...
MoMo transactions hit 728m, valued at ¢298.6bn
Data from the Bank of Ghana (BoG), shows a significant rise in mobile money transactions, highlighting the growing acceptance of digital financial services across...
Elmina residents threaten gov’t with the wrath of their gods over collapse of Nduom’s businesses
Some residents of Elmina in the Komenda Edina Eguafo Abirem (KEEA) Municipality of the Central Region have issued a stern one-week ultimatum to the...
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...