9 h. 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

10 h. 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

54 h. ago Ghana’s Central Bank Eyes Further Rate Cut as Inflation Eases

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-eyes-further-rate-cut-as-inflation-eases/Ghana’s disinflation trend has strengthened the case for another policy rate reduction when the Bank of Ghana’s Monetary Policy Committee (MPC) meets in September. July’s headline inflation fell to 12.1% a near four-year low satisfying the MPC’s precondition for additional easing after July’s 300-basis-point cut to 25%. Most committee members had signaled willingness to lower […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-eyes-further-rate-cut-as-inflation-eases/

Politics

63 h. ago Domestic Gold Purchase Programme: BoG’s reserves increase by 100% within 5 years

The First Deputy Governor of the Bank of Ghana (BoG) has revealed that the Domestic Gold Purchase Programme has helped BoG to increase its gold reserves by 100% within the past five months since June 2021.

Politics

63 h. ago Domestic Gold Purchase Programme: BoG’s reserves increased by 100% within 5 years

The First Deputy Governor of the Bank of Ghana (BoG) has revealed that the Domestic Gold Purchase Programme has helped BoG to increase its gold reserves by 100% within the past five months since June 2021.

Politics

63 h. ago Domestic Gold Purchase Programme: BoG’s reserves increased over 100% within 5 years

The First Deputy Governor of the Bank of Ghana (BoG) has revealed that the Domestic Gold Purchase Programme has helped BoG to increase its gold reserves by over 100% within the past five years.

Politics

3 d. ago Ghana’s Central Bank Pushes Finance Sector to Capitalize on Commodity Surge

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-pushes-finance-sector-to-capitalize-on-commodity-surge/Ghana’s central bank is urging bankers and traders to seize fresh opportunities emerging from the country’s evolving commodity sector. Speaking at the CNVERGE ’25 event in London, First Deputy Governor of the Bank of Ghana (BoG), Dr. Zakaria Mumuni, challenged financial players to move beyond simply exporting raw materials. Dr. Mumuni argued that strategically leveraging […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-pushes-finance-sector-to-capitalize-on-commodity-surge/

Politics

5 d. ago Ghana Leaders Demand Policy Unity to Turn Rate Cuts into Real Growth

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-leaders-demand-policy-unity-to-turn-rate-cuts-into-real-growth/Top bankers, businesses, and the central bank are urging Ghana’s policymakers to forge stronger links between interest rate reductions and fiscal reforms. At a high-level forum in Accra, stakeholders agreed that the Bank of Ghana’s recent monetary easing while positive,won’t translate into broad economic gains without coordinated tax relief, infrastructure spending, and private-sector support. Hosted […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-leaders-demand-policy-unity-to-turn-rate-cuts-into-real-growth/

Politics

6 d. ago Ghana Banks to Lower Lending Rates as Key Benchmark Falls Below 20%

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/reference-rate-drops-to-19-67-banks-to-cut-lending-rates-credit-relief-expected-for-borrowers/Commercial banks in Ghana will reduce lending costs for borrowers following a sharp decline in the Ghana Reference Rate (GRR), offering potential relief to businesses and households. The benchmark rate dropped from 23.69% in June to 19.67% this month, the Ghana Association of Banks confirmed today. This shift comes after the Bank of Ghana cut […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/reference-rate-drops-to-19-67-banks-to-cut-lending-rates-credit-relief-expected-for-borrowers/

Politics

6 d. ago Ghanaian Banks Urged to Shift Focus as Rate Cuts Reshape Economy

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanaian-banks-urged-to-shift-focus-as-rate-cuts-reshape-economy/Ghana’s banking sector must fundamentally transform its business models away from passive government investments and towards active lending, particularly to small businesses and sustainable projects, central bank governor Dr. Johnson Asiama declared at a major policy forum in Accra. The call came during a high-level seminar organized by the Chartered Institute of Bankers Ghana (CIB […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanaian-banks-urged-to-shift-focus-as-rate-cuts-reshape-economy/

Politics

6 d. ago Ghana Remittances Show Steady Growth Despite Central Bank Alarm

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-remittances-show-steady-growth-despite-central-bank-alarm/Recent claims by the Bank of Ghana (BoG) Governor suggesting a sharp 50% decline in remittance inflows have sparked economic concerns. However, official BoG data reveals a contrasting trend of seasonal stability and year-on-year growth, contradicting the assertion. Quarterly figures from the central bank’s Summary of Economic and Financial Data show remittances under “Private Transfers […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-remittances-show-steady-growth-despite-central-bank-alarm/

Politics

7 d. ago Ghana Central Bank Eyes Earlier Rate Cut Amid Inflation Easing

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-eyes-earlier-rate-cut-amid-inflation-easing/Bank of Ghana Governor Dr. Johnson Asiama has signaled a potential unscheduled policy meeting to further reduce interest rates if inflation continues declining through July and August. Speaking at a Chartered Institute of Bankers (CIB) seminar in Accra, Asiama stated the Monetary Policy Committee could convene before its planned September 23–26 session to cut the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-eyes-earlier-rate-cut-amid-inflation-easing/

Politics

7 d. ago Ghana Central Bank Slashes Policy Rate in Surprise Move Amid Economic Shifts

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-slashes-policy-rate-in-surprise-move-amid-economic-shifts/The Bank of Ghana has cut its benchmark Monetary Policy Rate by 300 basis points to 25%, defying market expectations in a decisive shift toward stimulating growth. Five of six Monetary Policy Committee members backed the aggressive reduction, citing plunging inflation (13.7% in June from 23.8% in December 2024), a 40.7% year-to-date cedi surge, and […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-slashes-policy-rate-in-surprise-move-amid-economic-shifts/

Events

7 d. ago Ghana Central Bank Slashes Policy Rate to 25% in Major Easing Move

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-slashes-policy-rate-to-25-in-major-easing-move/Ghana’s Monetary Policy Committee has cut its benchmark interest rate by 300 basis points to 25%, delivering its most aggressive reduction since 2025’s disinflation trend began. The decision, reached by majority vote during July 28-30 meetings, signals the Bank of Ghana’s intensified focus on stimulating economic growth while maintaining price stability. This marks the ninth […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-slashes-policy-rate-to-25-in-major-easing-move/

Politics

8 d. ago The era of high interest rates cannot be sustained – BoG Governor warns banks

The Bank of Ghana Governor, Dr. Johnson Asiama, has advised commercial banks that to review their business models to ensure that their operations are not affected going forward. According to him, the era of high interest rates cannot be sustained, adding that “it is now time for the banks to begin reviewing these strategies not […]

Events

8 d. ago BoG Governor urges banks to rethink lending strategy after policy rate cut

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has urged commercial banks to reassess their lending strategies in the wake of the central bank’s latest monetary policy decision aimed at revitalising the economy. Speaking at the Chartered Institute of Bankers Ghana’s post Monetary Policy Committee (MPC) roundtable discussion, Dr. Asiama said the […]

Events

8 d. ago 4 out of 6 members of MPC voted for a 300 basis points rate cut

A scan of the document by the Bank of Ghana showed that majority of these members where worried about the potential threat to inflation rate going up due to what they describe as “external pressures from geopolitical tensions, global tariffs wars, alongside domestic pressures from pending quarterly adjustments in utility tariffs, energy sector levy on ex-pump prices and emerging pressures on crude oil prices present upside risks to inflation”.

Politics

8 d. ago Ghana Vehicle Price Relief Expected Gradually After Rate Cut

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-vehicle-price-relief-expected-gradually-after-rate-cut/The Automobile Dealers Union of Ghana (ADUG) has welcomed the Bank of Ghana’s reduction of its policy rate from 28% to 25%, calling it a strategic move that could eventually lower vehicle prices and boost business confidence. In a statement, the union praised the central bank and government for their commitment to easing borrowing costs […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-vehicle-price-relief-expected-gradually-after-rate-cut/

Politics

9 d. ago Economist Doubts BoG Rate Cut Will Meaningfully Reduce Lending Costs

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/economist-doubts-bog-rate-cut-will-meaningfully-reduce-lending-costs/Economist Professor Patrick Asuming cautions that the Bank of Ghana’s recent 300-basis-point policy rate cut to 25% is unlikely to trigger substantial reductions in commercial lending rates, citing persistent banking-sector vulnerabilities. While the central bank’s bold monetary easing aims to stimulate recovery amid improving inflation and growth indicators, Professor Asuming notes high non-performing loans and […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/economist-doubts-bog-rate-cut-will-meaningfully-reduce-lending-costs/

Politics

9 d. ago Ghana Policy Rate Cut Signals Potential Loan Relief Amid Economic Shifts

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-policy-rate-cut-signals-potential-loan-relief-amid-economic-shifts/The Bank of Ghana’s 300-basis-point reduction of the Monetary Policy Rate (MPR) to 25% signals potential relief for borrowers, though its real-world impact hinges on complex financial linkages. Analysts confirm the cut—driven by falling inflation (13.7% in June, nearing the 11.9% year-end target)—should gradually lower borrowing costs, but caution that transmission faces delays due to […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-policy-rate-cut-signals-potential-loan-relief-amid-economic-shifts/

Economics