38 h. ago World Bank cautions BoG on excessive FX Interventions, calls for banking sector reforms

The World Bank has urged the Bank of Ghana (BoG) to avoid excessive foreign exchange (FX) interventions, warning that such actions could disrupt market balance and weaken economic resilience. This was contained in the latest Ghana Economic Update report, launched in Accra today, August 14, 2025 which emphasised the need for the central bank to […]

Politics

55 h. ago BoG urges financial institutions to maintain a robust credit risk management framework

It continued that RFIs with NPL ratios exceeding the prudential limit shall, from 1st January 2027, be restricted from the payment of dividends and bonuses, as well as growing their loan portfolio lending to related parties and sectors of the RFI’s credit portfolio with NPL ratios above the prudential limit etc., except for cash-backed facilities.

Politics

63 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

64 h. 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

65 h. ago Hackers Expose North Korean Spy’s Data in Unprecedented Espionage Leak

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/hackers-expose-north-korean-spys-data-in-unprecedented-espionage-leak/Hackers infiltrated a North Korean operative’s computer, leaking files they claim reveal rare insights into state-backed cyber-espionage. Identified only as “Kim,” the target allegedly belongs to Kimsuky a hacking unit also known as APT43 or Thallium accused of targeting journalists, governments, and financial institutions worldwide. Saber and cyb0rg, the hackers behind the breach, detailed their […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/hackers-expose-north-korean-spys-data-in-unprecedented-espionage-leak/

Politics

3 d. ago African Bank Pushes AI Training to Accelerate Continent’s Development Goals

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/african-bank-pushes-ai-training-to-accelerate-continents-development-goals/Africa’s premier financial institution is betting on artificial intelligence to fast-track the continent’s flagship development plan. The African Development Bank has funded specialized AI training for officials across African Union member states, aiming to sharpen monitoring of Agenda 2063 targets. Held in Lusaka, Zambia, the intensive five-day workshop equipped participants with hands-on experience using platforms […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/african-bank-pushes-ai-training-to-accelerate-continents-development-goals/

Politics

6 d. ago Ghana Garment Makers Celebrate Financial Training Milestone with GIZ

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-garment-makers-celebrate-financial-training-milestone-with-giz/Over 700 members of the Ghana National Association of Garment Makers (GNAGM) received certificates today after completing a financial management program backed by Germany’s GIZ. The training, part of a broader initiative across 13 trade associations, equipped 2,909 micro and small business owners with skills in bookkeeping, risk management, and credit access. Held at CSIR’s […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-garment-makers-celebrate-financial-training-milestone-with-giz/

Politics

6 d. ago Ghana Business Leader Slams Banks Over Interest Rate Practices

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-business-leader-slams-banks-over-interest-rate-practices/Dr. Joseph Obeng, President of the Ghana Union of Traders Association (GUTA), has sharply criticized financial institutions for justifying high interest rates using non-performing loans (NPLs). He argues banks are unfairly punishing businesses for institutional failures. “Banks blame NPLs, but these stem from their own inefficiencies, poor due diligence, and even corruption,” Obeng stated. He […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-business-leader-slams-banks-over-interest-rate-practices/

Politics

7 d. ago Credit bureau database: banks conducted highest number of enquiries

According to the Bank of Ghana, it is mandatory for financial institutions under Section 26 of the Credit Reporting Act, 2007 (Act 726), to conduct credit searches on prospective borrowers before approving or denying credit facilities.

Politics

7 d. ago Database searches of credit bureaus increased by 114% in 2024 – BoG

During the year under review, the report said 55% of searches conducted by financial institutions and authorised users on the database of credit bureaus were conducted on individual borrowers. About 44% were also conducted to assess the creditworthiness of digital loan customers.

Politics

7 d. ago Credit Reference Bureau enquiries surge in 2024 as banks lead the charge

Searches and enquiries made by financial institutions and authorised users on the databases of credit reference bureaus saw a significant jump in 2024, according to the Bank of Ghana’s newly released Credit Reporting Activity report.

Politics

7 d. ago Issuance of dud cheques decreased by 15.19% in 2024 – BoG report

The Bank of Ghana (BoG) Credit Reporting for 2024 has shown a reduction in the issuance of dud cheques. A dud cheque is a cheque that a bank or financial institution refuses to honor because the account holder does not have enough money to cover the cheque’s value. It is a criminal offense under the […]

Politics

1 week 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

1 week ago Libyan Islamic Bank modernizes consumer banking services with Backbase

News Ghana, Latest Updates and Breaking News of Ghana, AMA, https://www.newsghana.com.gh/libyan-islamic-bank-modernizes-consumer-banking-services-with-backbase-2/Backbase and Libyan Islamic Bank go live with a seamless new platform, bringing digital-first banking to Libyan customers. TRIPOLI, Libya, 5 August 2025-/African Media Agency (AMA)/- Backbase, the global leader in AI-powered banking technology, today announced the recent successful platform launch of Libyan Islamic Bank (LIB), one of the country’s fastest-growing financial institutions. This achievement represents […] News Ghana, Latest Updates and Breaking News of Ghana, AMA, https://www.newsghana.com.gh/libyan-islamic-bank-modernizes-consumer-banking-services-with-backbase-2/

Politics

1 week ago Illegal Ghana card applicants to face jail and deportation – NIA warns

The National Identification Authority (NIA) has begun prosecuting foreign nationals accused of attempting to illegally acquire the Ghana Card, warning that offenders will face severe consequences, including imprisonment and deportation. The move follows multiple reports from financial institutions and members of the public about suspicious attempts by non-citizens to infiltrate the national identification system. So […]

Events

1 week ago Remittance inflows: new reporting requirements for all financial institutions takes off today

All financial institutions including commercial banks in the remittance space are from today August 4 2025, expected to start complying with a new reporting requirement as directed by the Bank of Ghana. This was captured in a letter to the Dedicated Electronic Money Issuers (DEMIs) and Enhanced Service Providers (EPSPs) on July 31 2025, sighted […]

Politics

1 week ago Kenyan Delegation Explores Ghana’s Waste Model for Mombasa Adoption

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/kenyan-delegation-explores-ghanas-waste-model-for-mombasa-adoption/A 26-member delegation from Kenya’s Mombasa County, led by Governor Abdullswamad Sherrif Nassir, visited Ghana to study the Jospong Group of Companies’ (JGC) integrated waste management framework. The delegation—comprising lawmakers, technical experts, and administrators—inspected facilities including Zoomlion Ghana, Sewerage Systems Ghana, Accra Compost and Recycling Plant (ACARP), and Africa’s largest compost site, Kumasi Compost and […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/kenyan-delegation-explores-ghanas-waste-model-for-mombasa-adoption/

Politics

3 w. ago ADB PLC Board Inaugurates New Era with Ambitious Growth Strategy

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/adb-plc-board-inaugurates-new-era-with-ambitious-growth-strategy/The newly constituted Board of Directors for Agricultural Development Bank (ADB) PLC convened its inaugural meeting on July 15, 2025, unveiling plans to position the bank among Ghana’s top three financial institutions. Under Chairman Kenneth Kwamina Thompson’s leadership, the board endorsed Managing Director Edward Ato Sarpong’s strategic vision focused on innovation, resilience, and national development […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/adb-plc-board-inaugurates-new-era-with-ambitious-growth-strategy/

Politics