61 h. ago Ghana to Showcase Financial Inclusion Progress at Global Banking Summit

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-to-showcase-financial-inclusion-progress-at-global-banking-summit/Ghana’s central bank will highlight the country’s rapid expansion of financial services access at this week’s Alliance for Financial Inclusion Global Policy Forum, following new data showing significant gains in account ownership. Second Deputy Governor Mrs. Matilda Asante-Asiedu will lead a Bank of Ghana delegation to the summit, which brings together central bankers, regulators, and […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-to-showcase-financial-inclusion-progress-at-global-banking-summit/

Politics

4 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

4 d. ago Central Bank Brings Digital Lending Under Regulatory Framework

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/central-bank-brings-digital-lending-under-regulatory-framework/The Bank of Ghana has classified digital credit services as non-bank financial institutions, subjecting the rapidly growing fintech sector to formal regulatory oversight for the first time. Friday’s announcement designates digital lending platforms under the First Schedule of the Non-Bank Financial Institutions Act of 2008. The move affects mobile app-based lenders and fintech companies offering […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/central-bank-brings-digital-lending-under-regulatory-framework/

Sport

4 d. ago We won’t allow $10m to walk out in cash – BoG Governor Asiama

Bank of Ghana (BoG) Governor, Dr. Johnson Asiama, has warned that the central bank will not allow huge sums of dollars to be withdrawn in cash from the system.

Economics

6 d. ago Ghana’s Central Bank Moves to Regulate Digital Lending Sector

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-moves-to-regulate-digital-lending-sector/Ghana’s central bank has stepped in to bring order to the country’s rapidly expanding digital lending market, signaling stricter oversight for financial technology companies and other lenders operating in the space. The Bank of Ghana announced that digital credit services now fall under formal regulatory classification as non-bank financial services. The designation puts digital lenders […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-moves-to-regulate-digital-lending-sector/

Politics

8 d. ago BoG Governor defends regulatory guidelines on importation and exportation of foreign currencies

Bank of Ghana (BoG) Governor, Dr Johnson Asiama, has justified the Central Bank’s recent regulatory guidelines on the importation and exportation of foreign currencies, as well as rules on pricing and advertising in dollars.

Politics

9 d. 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 BoG fully committed to financial inclusion and sustenance of confidence in financial ecosystem – Second Deputy Governor

TheSecond Deputy Governor of the Bank of Ghana, Matilda Asante-Aseidu, has expressed the Central Bank’s commitment to driving the financial inclusion agenda to ensure that no one is left out. According to her, the Bank of Ghana is enforcing its regulations through moral suasion to ensure that there are equal opportunities for all in accessing […]

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

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 Central Bank Chiefs Under Pressure to Defend Independence at Key Forum

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/central-bank-chiefs-under-pressure-to-defend-independence-at-key-forum/Financial leaders are urging Federal Reserve Chair Jerome Powell and his global counterparts to take a strong stand in defense of central bank independence at this week’s Jackson Hole symposium. The annual gathering of central bankers comes amid heightened concerns over political interference in monetary policy decisions. The call follows intensified attacks from President Donald […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/central-bank-chiefs-under-pressure-to-defend-independence-at-key-forum/

Events

2 w. ago We are committed to supporting the Business Community – BoG Governor assures

Governor of the Bank of Ghana, Dr. Johnson Asiama, has given firm assurance that the Central Bank remains committed to supporting the business community through its regulations and market interventions.

Politics

2 w. ago Courtesy Call by the Importers and Exporters Association of Ghana on the Governor of the Bank of Ghana

News Ghana, Latest Updates and Breaking News of Ghana, VEK, https://www.newsghana.com.gh/courtesy-call-by-the-importers-and-exporters-association-of-ghana-on-the-governor-of-the-bank-of-ghana/The leadership of the Importers and Exporters Association of Ghana (IEAG), led by its Executive Secretary, Mr. Samson Asaki Awingobit, on Wednesday 20th August, 2025, paid a courtesy call on the Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, to formally engage the central bank on key challenges affecting import and export […] News Ghana, Latest Updates and Breaking News of Ghana, VEK, https://www.newsghana.com.gh/courtesy-call-by-the-importers-and-exporters-association-of-ghana-on-the-governor-of-the-bank-of-ghana/

Events

2 w. ago Ghana’s Opposition Slams Central Bank Over US$4.5 Billion Liquidity Withdrawal

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-opposition-slams-central-bank-over-us4-5-billion-liquidity-withdrawal/Ghana’s economic recovery is being threatened by a drastic measure from the nation’s central bank, according to the parliamentary Minority. The Bank of Ghana is pulling billions of dollars out of circulation in a process known as sterilisation, a move critics say is choking off vital capital from businesses. The Minority, led by Kojo Oppong […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-opposition-slams-central-bank-over-us4-5-billion-liquidity-withdrawal/

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 Bank of Ghana Sets 2026 Deadline for Banks to Slash Bad Loans

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/bank-of-ghana-sets-2026-deadline-for-banks-to-slash-bad-loans/Ghana’s central bank has ordered all regulated financial institutions to cut their non-performing loan (NPL) ratios to 10% or lower by December 2026—or face strict enforcement measures. Microfinance institutions must meet an even tougher 5% threshold under existing rules. The directive, issued by Bank of Ghana Governor Dr. Johnson-Asiama, targets a critical threat to the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/bank-of-ghana-sets-2026-deadline-for-banks-to-slash-bad-loans/

Events

2 w. ago Rate Cut Alone Won’t Drive Ghana’s Growth, Warns IMANI Think Tank

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/rate-cut-alone-wont-drive-ghanas-growth-warns-imani-think-tank/Ghana’s recent central bank rate cut offers limited economic relief without addressing deeper structural challenges, policy think tank IMANI Africa cautioned in a new analysis. While welcoming the Bank of Ghana’s 25 basis point reduction, IMANI stressed that five critical factors will shape the country’s economic trajectory through late 2025. Monetary policy easing means little […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/rate-cut-alone-wont-drive-ghanas-growth-warns-imani-think-tank/

Events

3 w. ago Ghana Sets 2025 Deadline for Landmark Islamic Finance Framework

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-sets-2025-deadline-for-landmark-islamic-finance-framework/Ghana is accelerating plans to become West Africa’s Islamic finance hub with comprehensive regulations for banking, insurance, and capital markets due by year-end 2025. Professor John Gartchie Gatsi, adviser to the Bank of Ghana, confirmed the joint framework developed by the central bank, Securities and Exchange Commission, and National Insurance Commission will cover non-interest banking, Sukuk bonds, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-sets-2025-deadline-for-landmark-islamic-finance-framework/

Events

3 w. 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

3 w. ago Ghana’s Insurance Coverage Stalls Near Historic Low Despite Economic Gains

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-insurance-coverage-stalls-near-historic-low-despite-economic-gains/If you’ve ever wondered why insurance agents seem to push so hard in Ghana, the latest central bank figures offer a clue. The Bank of Ghana’s 2024 Financial Stability Review shows insurance penetration stubbornly held at just 1.0% of GDP this year, unchanged from 2023. Using the newer IFRS 17 accounting standard, that figure actually […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-insurance-coverage-stalls-near-historic-low-despite-economic-gains/

Politics