Business
Bank of Ghana Holds Medium‑Term Inflation Forecast at 8 ± 2 %
The central bank kept its inflation target unchanged after a third straight rise in September, citing external risks and easing core pressures.
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Bank of Ghana
60 stories tagged “Bank of Ghana”.
Tagged Bank of Ghana
Business
GoldBod FX Framework Aims to Make Dollar Supply Predictable
Economist Dr Theo Acheampong explains how the new Spot FX Sales and Intermediation Scheme will let banks forecast dollar needs while the Bank of Ghana keeps a close eye on cedi volatility.
Business
Bank of Ghana Enhances Heritage Series with Tactile Features for Disabled Users
The central bank unveiled new banknote designs that include improved tactile elements, aiming to make Ghana’s currency more accessible for people with visual impairments and other disabilities.
Business
Bank of Ghana Orders Exporters to Repatriate All Proceeds
The central bank has issued a directive requiring exporters to channel all earnings through formal banks to bolster foreign‑exchange reserves and curb inflation.
Business
Ghana’s Economy Shows Signs of Recovery Amid Low Inflation and Strong Stock Rally
The Bank of Ghana’s September 2026 Monetary Policy Report highlights 6 % GDP growth, 5.2 % headline inflation and a 105 % rise in the GSE Composite Index, yet cedi depreciation and commodity price swings pose ongoing risks.
Business
Ghana Bank Governor Urges Africa to Act on AI and Digital Governance
Dr Johnson Asiama called for urgent, coordinated action to bolster Africa’s digital capabilities at the 2026 African Caucus Meeting in Bangkok.
Business
Bank of Ghana Deepens Trust with Stakeholder Forum in Techiman
The central bank hosted a high‑level engagement at Jemima Grace Hotel, drawing 150 participants from across Bono East to discuss financial literacy and policy.
Business
BoG Boosts Short‑Term Liquidity With GH¢13.83 bn 14‑Day Bill Sale
The Bank of Ghana raised market liquidity by auctioning 14‑day bills worth GH¢13.83 bn on October 12, a 53.5% jump from the previous session.
Business
ESG Practices Could Help Ghanaian Banks Tackle Rising Non‑Performing Loans
Ghana’s banks have cut NPLs from 23.1 % to 16.1 % between 2025 and 2026, yet the industry still exceeds the 10 % regulatory target. Experts suggest ESG metrics may offer an early warning system.
Business
Bank of Ghana Proposes 30‑Day Liquidity Buffer for Banks
The central bank has opened a consultation on a new Liquidity Coverage Ratio directive, inviting banks and the public to weigh in before finalising the rule by November 30, 2026.
Business
Bank of Ghana to Enforce Credit Risk Management Directive from July 2027
The central bank will require all banks, savings and loans, finance houses and financial holding firms to adopt enhanced credit risk frameworks, aiming to strengthen the resilience of regulated financial institutions.
Business
Bank of Ghana Issues New Credit Risk Directive for Cross‑Border Lending
The central bank has warned regulated financial institutions to tighten policies on foreign currency exposure and country risk ahead of a July 2027 implementation deadline.
Business
Bank of Ghana Unveils Directive to Govern AI Use in Finance
The central bank announced a new set of rules aimed at harnessing artificial intelligence while mitigating emerging risks in the sector.
Business
Banks to Suspend Lending to Public Sector Workers Under CAG Payroll
The Ghana Association of Banks has announced it will halt new loans to public sector employees as non‑performing loans climb, following a directive from the Bank of Ghana.
Business
Bank of Ghana Warns Against Repairing Damaged Cedi Notes
The central bank urges the public to take torn or soiled banknotes to commercial banks for replacement instead of attempting repairs.
Business
Ghana Reference Rate Drops to 10.04%, Easing Credit Costs
The benchmark rate used by banks fell 0.14 percentage points to 10.04% in October, signalling lower borrowing costs for businesses and households despite a steady 14% policy rate.
Business
GoldBod Initiative Signals Ghana Can Rethink Economic Policy
Economist Dr. Charles Abugre argues that Ghana’s use of the central bank to fund GoldBod’s gold purchases shows how domestic institutions can support stability and reduce reliance on external finance.
Business
Bank of Ghana Declares FX Compliance Non‑Negotiable as Rules Consolidated
Governor Johnson Asiama urged banks to tighten controls and documentation amid a new compendium that will clarify foreign‑exchange requirements.
Business
Bank of Ghana Warns of Risks as Private Sector Credit Surges
The central bank has urged banks to tighten underwriting and risk‑management as private‑sector lending jumps 35.5% in August, a sharp rise from 13.3% a year earlier.
Business
Bank of Ghana Orders Banks to Grant Fraud Units Direct CEO Access
The central bank has mandated that fraud units at all banks receive unrestricted access to managing directors and CEOs to bolster independence and effectiveness amid rising digital risks.
Politics
Ayariga Demands Legal Basis for Cedi Bouquet Arrests
The APC founder argues the Bank of Ghana must clarify the law before detaining people who use genuine cedi notes in gift arrangements.
General
Bank of Ghana Police Arrest Seven Over Money Bouquet Scheme
Seven individuals were detained after a joint operation targeting the creation and sale of money bouquets, the Bank of Ghana warned the public against using cedis for decorative purposes.
Business
IMF Urges Ghana to Align Crypto Regulation with SEC
The International Monetary Fund has called on the Bank of Ghana and the Securities and Exchange Commission to work together, synchronising risk assessments and reporting for the country’s growing crypto market.
Business
GoldBod Posts $1.87bn FX Yield in September, Beats Target
The Ghana Gold Board surpassed its $1.4bn goal, generating $1.871bn from ASM sales and sending $701.3m to banks and $1.170bn to the Bank of Ghana.
Business
Banks Accounted for 86.28% of Credit Enquiries in 2025
The Bank of Ghana’s 2025 Credit Reporting data shows banks leading the market, with mobile money loans and payroll lending driving the surge in credit checks.
Business
S&P Global Warns Ghana’s Reserve Build‑Up Could Strain Public Finances
The rating agency estimates the cost of the Accelerated National Reserve Accumulation Policy could reach 2.6% of GDP, adding pressure to Ghana’s improving fiscal position.
Business
Ghana’s Gold‑Driven Reserve Build‑Up May Undermine Fiscal Gains
S&P Global cautions that the country’s strategy to amass foreign reserves and gold could cost up to 2.6% of GDP in local‑currency terms, threatening recent public‑finance improvements.
Business
T‑Bill Demand Rebounds 32.9% as Yields Decline
The latest Treasury bill auction saw bids surpass the government target by 32.9%, with investors tendering GHS3.66 billion across 91‑, 182‑ and 364‑day bills.
Business
Treasury Bills Auction: Government Exceeds Target by 7.5%
The Bank of Ghana reported a marginal oversubscription of 7.5% in the latest T‑bill auction, with the 91‑day bill’s yield holding steady at 4.69%.
Politics
Asiama Resigns From GoldBod Board Five Months Ago
Bank of Ghana Governor Dr Johnson Asiama confirmed he stepped down from the GoldBod Board, citing statutory provisions that allow the central bank to be represented by another official.
Business
Bank of Ghana Governor Emphasises Policy Discipline Ahead of First PCI Review
Dr. Johnson Asiama warned that Ghana must keep the fiscal and monetary prudence gained under the IMF’s ECF as it enters a new 36‑month Policy Coordination Instrument.
Business
Ghana Reserves Drop $1.9bn, Prof. Bokpin Says No Immediate Threat
The University of Ghana Business School professor warns that the fall in gross international reserves exposes vulnerabilities, especially as gold exports face global pressure.
Business
Bank of Ghana Rules Out New Cedi Denomination Above GH¢200 in Heritage Series
The central bank confirmed that the November 3 launch will upgrade existing notes without adding higher-value bills, keeping the current GH¢1 to GH¢200 range intact.
Business
Policy Rate Held at 14% Amid Rising Oil and Utility Costs
Economist Prof. Peter Quartey praised the Bank of Ghana’s decision to keep the policy rate unchanged, citing inflationary threats from global oil price hikes and domestic utility increases.
Business
TVET Service, Bank of Ghana Explore Strategic Partnership on Skills Development
The Ghana Technical and Vocational Education and Training Service and the Bank of Ghana met in Accra to discuss a collaboration that could place skills training at the core of the country’s economic transformation.
Business
Ghana Public Debt Climbs by GH¢13.1bn from May to July 2026
The Bank of Ghana reports the country’s debt stock rose to GH¢733.9 billion, up 45.9 % of GDP, largely driven by domestic borrowing.
Business
Mobile Money Transactions Surge to GH¢518.8bn in August 2026
Ghana’s digital payments boom continues as mobile money value climbs 46.5% year‑on‑year, reaching a record GH¢518.8bn in August.
Business
Ghana Reserves Drop $1.9bn as Import Cover Falls to 4.2 Months
The Bank of Ghana reports a sharp decline in gross international reserves, cutting the country’s foreign‑exchange cushion amid strong export earnings.
Business
Enza Payment Services Launches Operations in Ghana
The Ghanaian subsidiary of the Nairobi‑based fintech now offers secure, AI‑driven payment infrastructure to banks, non‑bank institutions and fintech firms.
Business
Bank of Ghana Warns Gold Export Halt Threatens Reserves, Current Account
The Bank’s 132nd Monetary Policy Committee meeting highlighted a projected deficit, falling reserves and a pause in gold exports as key risks to Ghana’s external position.
Business
GoldBod Records GH¢3.78bn Net Supply Gap Payable to BoG for 2025
The Ghana Gold Board’s audited accounts show a GH¢3.78 billion shortfall between expected and actual gold supplied to the Bank of Ghana during 2025.
Business
Bank of Ghana Calls for Shift in Fraud Liability to Protect Customers
The Second Deputy Governor urged a new approach to payment‑service fraud, proposing a £85,000‑style reimbursement cap and stricter provider responsibilities.
Business
Bank of Ghana Weighs Rate Cuts as Inflation Rises to 5% in September
The Monetary Policy Committee meets amid a mix of easing economic activity, stable exchange rate and a 5% consumer price inflation that sits below the bank’s target floor.
Business
Greater Accra Region Leads Ghana’s Secured Credit Market with 77.8% Share
Bank of Ghana’s half‑year 2026 Collateral Registry shows Accra’s secured credit volume hit GH¢24.5 billion, dwarfing other regions.
Business
Secured Lending Surges 73% to GH¢31.5bn in Q2 2026 Despite Fewer Registrations
Bank of Ghana data shows a sharp rise in the value of secured credit, even as the number of security interest registrations fell by 32%.
Business
Secured Loans Surge 73.4% to GH¢31.5bn in Q2 2026
The Bank of Ghana announced that secured credit advanced and registered in the second quarter of 2026 reached GH¢31.5 billion, a record jump from the previous year.
Business
CIRIP Seeks Bank of Ghana Support to Unlock Working Capital for Distressed Companies
The Chartered Institute of Restructuring and Insolvency Practitioners is urging the Bank of Ghana to revise prudential rules so that businesses in administration can access fresh liquidity.
Business
Bank of Ghana Absorbs GH¢21.41bn in Liquidity Ahead of MPC Meeting
The central bank used two 14‑day bill tenders to temporarily sterilise excess cash, taking in GH¢13.71bn on Monday and GH¢7.7bn on Wednesday before its policy decision on September 24.
Business
Governor Asiama Says Cedi Depreciation Is Deliberate Policy
Bank of Ghana chief assures firms that recent currency moves are controlled and part of a broader economic strategy.
Business
Cedi Weakens to GH¢11.95 as Forex Demand Outpaces Interbank Supply
The Ghanaian cedi slipped to a new low of GH¢11.95 per dollar after two weeks of pressure, with retail rates slightly higher than interbank figures.
General
Bank of Ghana: Systemic Vulnerabilities in Banking Industry Remain Subdued
The Bank of Ghana’s latest macroprudential assessment shows that risks in the sector are largely contained, though external shocks still loom.
General
Digital Fraud Incidents Surge 98% Between 2022 and 2025
Fraudsters are exploiting Ghana’s booming digital payments, prompting the Bank of Ghana to call for a strategic overhaul of crime‑fighting tactics.
General
Bank of Ghana Flags 20 Unlicensed Mobile Loan Apps, Warns Public
The central bank has named 20 digital credit services operating without licences, urging consumers to avoid them and report any suspicious activity.
General
Bank of Ghana: Cedi to Stay Stable Amid Rising Christmas Import Demand
The central bank projects the local currency will hold firm for the rest of 2026, citing foreign‑exchange interventions and remittance inflows as key stabilisers.
Business
Bank of Ghana to Issue Crypto Guidelines, Paving Way for Licences
The central bank will launch a framework for virtual asset services, aiming to regulate the growing cryptocurrency market and protect users.
General
Gold Export Volumes Dip 0.5% as Middle East Conflict Forces Rerouting
Ghana’s gold exports saw a slight volume decline in H1 2026, but earnings rose 49 % thanks to higher prices, amid Middle East tensions that forced shipments through Shanghai and India.
Business
Ghana Treasury Bond Auction: GH¢4.46bn in Bids, 12.00% Yield
The government’s new four‑year Treasury bond attracted strong demand, with investors submitting GH¢4.46 bn in bids and the auction clearing at a 12.00% yield.
General
Domestic Debt Climbs to GH¢391bn, Public Debt Hits GH¢719bn in June 2026
Ghana’s domestic borrowing rose by GH¢57bn to 24.5% of GDP, while the total public debt climbed to GH¢719.5bn, a 45.0% share of the economy, says the Bank of Ghana.
Business
Government Treasury Bill Auction: Oversubscription Hits 51.6%
The Bank of Ghana reports a 51.6% oversubscription on the latest T‑bill auction, with the 91‑day bill topping the bids and interest rates falling across the yield curve.
General
Bank of Ghana Warns Against Unlawful Use of Cedi
The central bank has issued a stern notice that defacing or misusing Ghanaian currency, from spraying to dancing on notes, could lead to fines or imprisonment.
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Business
Ghana’s Lands Minister Calls for Mining Investors Amid Reforms
Emmanuel Armah‑Kofi Buah urged global financiers, tech partners and development agencies to invest in Ghana’s mineral sector, pledging clear rules and shared benefits.
Business
Firearms Seized from Illegal Miners: Mahama Highlights 200‑Item Confiscation
President John Mahama announced that nearly 200 weapons were recovered from illegal miners during a nationwide crackdown that netted over 8,200 items, including 135 excavators.
International
Police Say No Further Action Against Government Adviser’s Wife Over Palestine Action Post
The Metropolitan Police confirmed that no further investigation will be pursued after the wife of Ghana’s national security adviser posted a comment on X about the proscribed group Palestine Action.
Business
NPA Deploys Digital Tracking to Cut Human Error in UPPF Claims
Chief Executive Edudzi Tamakloe explained how technology introduced in 2020 has tightened verification of petroleum transport claims, ensuring payments to oil marketers match actual vehicle movements.
Entertainment
Issakaba Returns: Sequel Premieres November 13 After 25 Years
The long‑awaited Nollywood action franchise will hit Nigerian screens on Friday, bringing back veteran star Sam Dede and a fresh take on vigilante justice.
Entertainment
Selena Gomez Says Vaping Has Altered Her Voice
The 34‑year‑old singer‑actress revealed on Instagram that nicotine vaping has changed how she sounds, urging fans to reconsider the habit.