4 d. ago Zenith Bank Tackles SME Fuel Fraud Through Digital Payment Cards

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/zenith-bank-tackles-sme-fuel-fraud-through-digital-payment-cards/Zenith Bank has launched digital fleet management solutions targeting Ghana’s small and medium enterprises, addressing persistent fraud and inefficiencies that plague cash-based fuel purchasing systems across the country’s business sector. The bank’s new Visa Commercial Fleet Solutions aims to digitize fuel and vehicle management for SMEs, many of which continue relying on manual cash systems […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/zenith-bank-tackles-sme-fuel-fraud-through-digital-payment-cards/

Politics

5 d. ago Africa’s US$100 Billion Trade Finance Gap Strangles Commercial Growth

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/africas-us100-billion-trade-finance-gap-strangles-commercial-growth/A chronic shortage of trade finance is constraining Africa’s commercial expansion, with banks rejecting $100 billion in legitimate trade requests annually and forcing businesses to abandon profitable deals across the continent. The finance gap affects 40% of trade transactions in Africa compared to just 7% globally, according to the African Development Bank. Small and medium […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/africas-us100-billion-trade-finance-gap-strangles-commercial-growth/

Economics

5 d. ago GCB Bank Eyes Direct TikTok Creator Payments in Ghana Partnership Push

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/gcb-bank-eyes-direct-tiktok-creator-payments-in-ghana-partnership-push/Ghana Commercial Bank is positioning itself as a payment gateway for the country’s growing army of TikTok content creators, potentially eliminating costly middlemen that currently eat into their earnings. Bank officials met Communications Minister Samuel Nartey George on Monday to pitch a comprehensive payment framework that would allow creators to receive TikTok earnings directly through […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/gcb-bank-eyes-direct-tiktok-creator-payments-in-ghana-partnership-push/

Politics

6 d. ago Bank of Ghana Channels Cocoa Revenues Directly to Commercial Banks

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/bank-of-ghana-channels-cocoa-revenues-directly-to-commercial-banks/The Bank of Ghana has begun directing cocoa export revenues straight to commercial banks rather than its own reserves, a move economists say will boost market liquidity ahead of the high-demand Christmas period. The policy shift addresses chronic liquidity challenges that have plagued Ghana’s banking sector. Previously, cocoa dollars flowed directly into central bank reserves, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/bank-of-ghana-channels-cocoa-revenues-directly-to-commercial-banks/

Politics

1 week ago Bank of Ghana Forex Crackdown Threatens Black Market Operations

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/bank-of-ghana-forex-crackdown-threatens-black-market-operations/Ghana’s informal dollar trading network faces its biggest challenge in years as new Bank of Ghana regulations threaten to disrupt a market that has thrived on foreign currency shortages in commercial banks. The central bank’s latest measures, taking effect September 1, introduce stringent declaration requirements for travelers and importers carrying significant foreign currency. The move […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/bank-of-ghana-forex-crackdown-threatens-black-market-operations/

Events

1 week ago BoG directs mining firms to redirect FX inflows to commercial banks

The Bank of Ghana (BoG) has directed mining firms to channel their foreign exchange inflows through commercial banks, rather than directly to the central bank.

Politics

2 w. ago An analysis of the Bank of Ghana’s directive on large foreign exchange cash withdrawals

The recent directive by the Bank of Ghana (BoG) restricting the withdrawal of large sums of foreign exchange (forex) cash from commercial banks is a timely and strategic measure aimed at safeguarding Ghana’s financial stability. The decision comes against the backdrop of increased pressure on the cedi, volatility in the forex market, and concerns over […]

Politics

2 w. ago Ghana Central Bank Tightens Rules on Foreign Currency Cash withdrawals

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-tightens-rules-on-foreign-currency-cash-withdrawals/The Bank of Ghana has instructed commercial banks to stop paying foreign currency cash to large companies unless those firms have already deposited equivalent foreign funds. This move targets corporations in key sectors like petroleum, mining, and other essential industries. According to the central bank, some large businesses were withdrawing foreign cash without backing deposits, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-tightens-rules-on-foreign-currency-cash-withdrawals/

Politics

2 w. ago SME lending rates remains high, stifling entrepreneurs and choking growth – GCYE

The Ghana Chamber of Young Entrepreneurs (GCYE) has described lending rates to small and medium enterprises as daunting and one which stifles growth. The chamber’s comment follows a publication by the Bank of Ghana stating that commercial banks offered loans at annualized Percentage rates from as low as 17% to as high as 45% at […]

Politics

2 w. ago Stop foreign currency cash payments to large corporates without deposits – BoG directs banks

The Bank of Ghana has directed commercial banks, with immediate effect, to halt the payment of foreign currency cash to large corporates if such payments are not backed by deposits.

Economics

2 w. ago Ghana’s Central Bank Moves to Curb Banks’ Insurance Sales to Businesses

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-moves-to-curb-banks-insurance-sales-to-businesses/Ghana’s financial sector is getting a stricter rulebook for selling insurance. The Bank of Ghana has directed all regulated banks to immediately stop selling insurance products to corporate and commercial clients. This move reinforces existing guidelines from the National Insurance Commission that were being ignored. The directive aims to clear up confusion over the roles […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-moves-to-curb-banks-insurance-sales-to-businesses/

Economics

2 w. ago Alhassan Iddrisu Danaa joins GCB Bank as Executive Head of Commercial & Business Banking

GCB Bank PLC (GCB) has announced the appointment of Alhassan Iddrisu Danaa as Executive Head of Commercial & Business Banking, with responsibility for driving strategic growth, governance, and market positioning of the bank’s Commercial & Business Banking portfolio. Mr. Danaa brings over 17 years of leadership experience in Ghana’s financial sector, with expertise spanning platform-based service delivery, value chain-aligned product development, and risk oversight.

Politics

2 w. ago Ghana Moves to Name Major Loan Defaulters in Banking Crackdown

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-moves-to-name-major-loan-defaulters-in-banking-crackdown/The Bank of Ghana has ordered commercial banks and regulated financial institutions to publicly identify customers who default on significant loans twice yearly. This directive aims to tackle the country’s persistently high level of non-performing loans (NPLs), a major drag on the financial sector. Global economic analyst Sylvester Adetor welcomed the policy as “bold but […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-moves-to-name-major-loan-defaulters-in-banking-crackdown/

Politics

3 w. ago COCOBOD, Banks Chart Path for Successful 2025/26 Cocoa Season

News Ghana, Latest Updates and Breaking News of Ghana, VEK, https://www.newsghana.com.gh/cocobod-banks-chart-path-for-successful-2025-26-cocoa-season/The Management of Ghana Cocoa Board (COCOBOD) has met with commercial banks in Ghana to discuss key issues affecting the cocoa industry and the role of the banking sector in the 2025/2026 cocoa season, which opened on August 7, 2025. Discussions at the meeting, which was attended by senior executives of COCOBOD and the Cocoa […] News Ghana, Latest Updates and Breaking News of Ghana, VEK, https://www.newsghana.com.gh/cocobod-banks-chart-path-for-successful-2025-26-cocoa-season/

Politics

3 w. ago Macroeconomic stability must translate into growth – BoG Governor tells Banks

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, is urging commercial banks to leverage the stability in the financial sector to drive economic growth. Speaking at a meeting with chief executives of banks in Accra, Dr. Asiama emphasised that the gains made in stabilising the banking system must now translate into tangible […]

Politics

3 w. ago BoG meets banks on foreign exchange auctions and liquidity challenges

The Governor of the Bank of Ghana (BoG), Dr. Johnson P. Asiama, has announced plans to engage the Ghana Association of Banks in the coming days to address concerns surrounding forward foreign exchange auctions and market liquidity. Speaking at a brief meeting with the CEOs of commercial banks in Accra, Dr. Asiama explained that the […]

Politics

3 w. ago BoG targets credit risk, liquidity and reserve requirements of banks in new regulatory measures

Dr. Johnson Asiama said the credit and risk governance measures will ensure that the commercial banks will be aligned with the Basel principles. This will set minimum standards for underwriting, monitoring, and provisioning.

Events

3 w. ago Chamber of Young Entrepreneurs bemoans high cost of lending in new BoG report

The Ghana Chamber of Young Entrepreneurs has described lending rates to small and medium enterprises (SMEs) as daunting and one which stifles growth. The chamber’s comment follows a publication by the Bank of Ghana, stating that commercial banks offered loans at annualized Percentage rates from 17% to as high as 45% at the end of […]

Politics