30 h. ago Ghana Cedi Volatility Expected to Dominate Central Bank Meeting

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-cedi-volatility-expected-to-dominate-central-bank-meeting/Currency volatility concerns are expected to feature prominently when the Bank of Ghana’s Monetary Policy Committee convenes on September 15, as the cedi faces pressure despite being 2025’s best-performing currency globally. The Ghana cedi has appreciated approximately 43 percent against the US dollar in 2025, ranking as Africa’s best-performing currency and globally outpacing all other […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-cedi-volatility-expected-to-dominate-central-bank-meeting/

Politics

31 h. ago Ghana Fuel Prices Could Stabilize in October if Cedi Steadies Despite OPEC+ Boost

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-fuel-prices-could-stabilize-in-october-if-cedi-steadies-despite-opec-boost/Fuel prices in Ghana could stabilize or decline into October if the cedi’s recent depreciation halts, despite Oil Marketing Companies raising pump prices in early September following the local currency’s weakness against major international currencies. OPEC+ agreed in principle to increase oil production by approximately 137,000 barrels per day starting October, during a video call […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-fuel-prices-could-stabilize-in-october-if-cedi-steadies-despite-opec-boost/

Events

5 d. ago Amantin Community Bank Profit Surges 222 Percent, Proposes Dividend

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/amantin-community-bank-profit-surges-222-percent-proposes-dividend/Amantin and Kasei Community Bank has proposed paying GH¢1.49 million in dividends to shareholders after posting a 222 percent profit increase that lifted earnings to GH¢5.99 million in 2024. The Bono East Region-based bank announced the dividend proposal during its 20th annual general meeting, with payouts of GH¢0.37 per share pending Bank of Ghana approval, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/amantin-community-bank-profit-surges-222-percent-proposes-dividend/

Politics

6 d. ago ADB shareholders to vote on new board appointments at September meeting

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/adb-shareholders-to-vote-on-new-board-appointments-at-september-meeting/Agricultural Development Bank PLC will hold its 38th Annual General Meeting on September 24, seeking shareholder approval for nine director appointments nominated by the Government of Ghana. The meeting, scheduled for 11:00 AM at the Accra Financial Centre in Ridge, will address three main items. Shareholders will vote on the board appointments, review the bank’s […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/adb-shareholders-to-vote-on-new-board-appointments-at-september-meeting/

Politics

9 d. ago Cedi Weakness Set to Drive Fuel Price Surge Despite Global Oil Drop

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedi-weakness-set-to-drive-fuel-price-surge-despite-global-oil-drop/Ghana’s weakening currency threatens to push petroleum prices sharply higher from September, potentially derailing the country’s progress toward single-digit inflation by year-end. The Chamber of Oil Marketing Companies projects petrol prices will climb between 3.86 and 5.40 percent, bringing the average cost per litre to around 13.67 cedis. Diesel faces a 3.39 percent increase to […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedi-weakness-set-to-drive-fuel-price-surge-despite-global-oil-drop/

Politics

1 week ago COCOBOD’s US$4 Billion Inflow Plan Aims to Bolster Ghana’s Currency Reserves

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cocobods-us4-billion-inflow-plan-aims-to-bolster-ghanas-currency-reserves/Ghana Cocoa Board is preparing to channel over $4 billion into the economy before year-end through a revamped financing structure that central bank officials say will strengthen international reserves and support the cedi. Bank of Ghana Governor Johnson Asiama confirmed the expected inflows during a Joy Business interview, explaining that the funds will flow from […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cocobods-us4-billion-inflow-plan-aims-to-bolster-ghanas-currency-reserves/

Economics

1 week ago BoG Dollar Ban Faces Reality Check as Weak Cedi Drives Pricing

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/bog-dollar-ban-faces-reality-check-as-weak-cedi-drives-pricing/The Bank of Ghana has issued another warning against dollar pricing for domestic transactions, but experts argue that only currency stability can truly end the practice. The central bank’s latest directive reminds businesses that pricing goods and services in foreign currencies violates the Foreign Exchange Act of 2006. From school fees to real estate and […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/bog-dollar-ban-faces-reality-check-as-weak-cedi-drives-pricing/

Politics

1 week ago Pricing, advertising in dollars and payment for goods, services in dollars are illegal – BoG warns

In a statement, the Central Bank, the Ghana Cedi remains the only legal tender in Ghana. “Accordingly, no resident of Ghana, unless duly licensed or authorised by the Bank of Ghana, shall price, advertise, invoice, receive or make payment in any foreign currency for goods and/or services, including but not limited to school fees, sale and rental of vehicles, sale and rental of real estate, airline tickets, domestic contracts, retail shopping, online sales and Hotel accommodation".

Events

1 week ago Ghana’s Cedi Falls Over 1% as Corporate Dollar Demand Outpaces Supply

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-falls-over-1-as-corporate-dollar-demand-outpaces-supply/Ghana’s currency extended its slide against major international currencies last week, dropping more than one percent as corporate demand for foreign exchange overwhelmed available supply and the central bank reduced market interventions. The cedi weakened to ¢10.95 per dollar by August 25, down from ¢10.80 at the start of the trading week, marking a 1.4 […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-falls-over-1-as-corporate-dollar-demand-outpaces-supply/

Politics

2 w. ago Prudential Bank MD Assures Businesses of Support to Leverage the Cedi’s Appreciation

News Ghana, Latest Updates and Breaking News of Ghana, VEK, https://www.newsghana.com.gh/prudential-bank-md-assures-businesses-of-support-to-leverage-the-cedis-appreciation/The Managing Director of Prudential Bank Limited, Bernard Gyebi, has assured customers and businesses in Ghana of the Bank’s unwavering support to help them capitalize on the recent appreciation of the Ghana Cedi against major international currencies. Speaking at the opening ceremony of a special seminar themed “The Ghana Cedi Appreciation in 2025 – Outlook […] News Ghana, Latest Updates and Breaking News of Ghana, VEK, https://www.newsghana.com.gh/prudential-bank-md-assures-businesses-of-support-to-leverage-the-cedis-appreciation/

Politics

2 w. ago Livestream: Newsfile discuses GTEC crackdown, cocoa price and cedi stability

This weekend’s edition of the country’s leading weekend television show, Newsfile, featured an in-depth discussion on cocoa prices, the performance of the cedi, and recent operations by the Ghana Tertiary Education Commission (GTEC) concerning fake educational qualifications.

Sport

2 w. ago Livestream: Newsfile discusses GTEC crackdown, cocoa price and Cedi stability

This weekend’s edition of the country’s leading weekend television show, Newsfile, featured an in-depth discussion on cocoa prices, the performance of the cedi, and recent operations by the Ghana Tertiary Education Commission (GTEC) concerning fake educational qualifications.

Sport

2 w. ago Explainer: Why BoG is preventing large companies from withdrawing dollars they never deposited

On August 20, 2025, the Bank of Ghana (BoG) issued a directive to banks aimed at protecting the cedi’s stability against major foreign currencies. The instruction is straightforward: large companies can no longer withdraw foreign currency they have not actually deposited with a bank. Previously, corporations could walk into a bank and access dollars even without […]

Politics

2 w. ago Ghana’s Digital Currency Shift Opens New Doors for Businesses

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-digital-currency-shift-opens-new-doors-for-businesses/Ghana is quietly positioning itself at the forefront of Africa’s financial technology evolution. The Bank of Ghana’s development of the e-Cedi, a central bank digital currency, marks a significant step toward modernizing the nation’s economy. This initiative aims to provide a safer and more efficient payment system, especially for the many citizens who still lack […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-digital-currency-shift-opens-new-doors-for-businesses/

Politics

3 w. ago Ghana’s Cedi Surge Masks Underlying Economic Fault Lines, Analysts Warn

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-surge-masks-underlying-economic-fault-lines-analysts-warn/Ghana’s currency has staged a remarkable comeback this year, strengthening by over 42% against the US dollar in the first half of 2025. This marks the strongest performance of any major currency in sub-Saharan Africa, bringing a welcome sense of stability after prolonged turbulence. Financial analysts at Emerging Markets Advisory point to a confluence of […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-surge-masks-underlying-economic-fault-lines-analysts-warn/

Events

3 w. ago Digital Cedi Backed By Gold, Cocoa Proposed to Boost Stability

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/digital-cedi-backed-by-gold-cocoa-proposed-to-boost-stability/Ghana could anchor a future digital currency to its gold and cocoa reserves, creating a more stable foundation for monetary policy and reducing reliance on foreign financial systems, according to Professor Yegandi Imhotep Paul Alagidede, the Bank of Ghana Chair in Finance and Economics at the University of Ghana. Speaking at the launch of his […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/digital-cedi-backed-by-gold-cocoa-proposed-to-boost-stability/

Politics

4 w. 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

4 w. ago Backing cedi with resources like gold and cocoa will ensure long

Professor Yegandi Imhotep Paul Alagidede, the newly appointed Bank of Ghana Chair in Finance and Economics at the University of Ghana, has proposed that backing the cedi with strategic national resources such as gold and cocoa could deliver long-term currency stability.

Politics