7 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

7 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

33 h. ago Policy consistency and macroeconomic stability necessary for confidence in the cedi – Absa’s Adolph Kpegah

The Executive Director, Strategy and Operations at Absa Bank Ghana Limited, Adolph Kpegah, has highlighted the importance of policy consistency and macroeconomic stability in restoring public confidence in the cedi and in discouraging the preference for hard foreign currency. Speaking at the recent 11th Absa-UPSA Quarterly Banking Roundtable, he highlighted that sustained macroeconomic stability and […]

Events

38 h. ago Ghana Turns to Gold in Bid to Stabilise Economy, Central Bank Says

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-turns-to-gold-in-bid-to-stabilise-economy-central-bank-says/The Bank of Ghana is leveraging its domestic gold resources as a cornerstone strategy to rebuild foreign reserves, stabilise the cedi, and restore investor confidence following the nation’s exclusion from international capital markets during its recent debt crisis. First Deputy Governor Dr. Zakari Mumuni outlined the central bank’s approach, calling it critical for hedging sovereign […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-turns-to-gold-in-bid-to-stabilise-economy-central-bank-says/

Politics

61 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

61 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

61 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

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 Business Confidence Soars Despite Output Dip as Cedi Strengthens

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghana-business-confidence-soars-despite-output-dip-as-cedi-strengthens/Ghana’s private sector slashed selling prices at the second-fastest pace on record in July, capitalizing on a historic drop in purchase costs driven by the cedi’s sharp appreciation. The S&P Global Ghana Purchasing Managers’ Index (PMI) edged down to 50.2 from June’s 51.3, signaling near-stagnation and the weakest improvement in six months. Paradoxically, business optimism […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghana-business-confidence-soars-despite-output-dip-as-cedi-strengthens/

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

3 w. ago Cedi Gains 42.6% Against Dollar in 2025, Easing Import Costs

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedi-gains-42-6-against-dollar-in-2025-easing-import-costs/Ghana’s currency has strengthened significantly against the US dollar this year, with the Bank of Ghana (BoG) reporting a 42.6% appreciation by mid-2025. Central bank data attributes this rebound to strong gold and cocoa export revenues, sustained remittance flows, and improved investor confidence reinforced by fiscal discipline. The cedi’s recovery has reduced exchange costs for […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedi-gains-42-6-against-dollar-in-2025-easing-import-costs/

Politics

3 w. ago Minority Chief Whip fumes over postponement of BoG Governor’s appearance in parliament

Minority Chief Whip Frank Annoh-Dompreh, has expressed displeasure over the indefinite postponement of his question to the Governor of the Bank of Ghana (BoG), insisting that public officials must show respect for Parliament and its oversight role. His frustration followed an announcement by Majority Leader Mahama Ayariga, who informed the House that the BoG Governor […]

Politics

3 w. ago Threat to cedi’s legitimacy isn’t inflation but erosion of public trust – BoG Governor

Speaking at the ABSA-UPSA Quarterly Banking Roundtable on Thursday, July 17, Dr Asiama stated that over the past six decades, the cedi has born witness to Ghana's economic highs and lows.

Events

3 w. ago Emergency MPC meeting will not result in new policy rate – BoG Governor

The Bank of Ghana Governor, Dr. Johnson Asiama has revealed that the Emergency Monetary Policy Committee meeting will not result in a new policy rate decision. “We will rather review some developments in the market, ahead of the actual meeting in the next 10 days,” the Governor added. According to him, “Many people thought that […]

Events

3 w. ago Cedi can rival dollar if Ghanaians restore trust, says BoG governor

Bank of Ghana Governor Dr. Johnson Asiama says the cedi can be as strong as any global currency if Ghanaians commit to restoring trust and value in it.

Politics

3 w. ago The dollar is not a legal tender in Ghana, you can reject it as medium of payment – BoG Governor

The Governor of the Bank of Ghana (BoG) Dr. Johnson Asiama has categorically stated that the dollar is not a legal tender in Ghana that can be used to pay for goods and services. He pointed out that businesses and individuals can reject the dollar when used as a medium of payment in the country. […]

Politics

3 w. ago South Dayi chiefs pay courtesy call on BoG Governor, discuss dev’t projects

The chiefs of the four traditional areas within the South Dayi District have paid a courtesy call on the Governor of the Bank of Ghana (BoG), Dr. Ernest Kwamina Addison, to congratulate him on his appointment and pledge their support for his tenure.

Economics

4 w. ago Cedi confidence and the cost of complacency: What the BoG Governor’s speech reveals

The Governor of the Bank of Ghana (BoG), Dr. Pandit Johnson Asiama's speech at the Graphic Business Breakfast Meeting on Tuesday, July 15, on the theme “Sustaining Forex Gains: Business and Economic Impact”, offers a timely and comprehensive assessment of Ghana’s evolving macroeconomic environment.

Politics