37 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

46 h. 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

49 h. ago Ghana’s Central Bank Pushes Commodities as Economic Lifeline

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-pushes-commodities-as-economic-lifeline/First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni, has declared commodities essential for Ghana’s economic future. Speaking at Africa’s CNVERGE 2025 summit in Accra, he urged strategic shifts to transform raw materials into tools for stability and growth. “Commodities are no longer just exports,” he stated. “They’re assets to build resilience, unlock […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-central-bank-pushes-commodities-as-economic-lifeline/

Politics

50 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

59 h. ago Domestic Gold Purchase Programme has helped stabilise cedi, ease inflation – First Deputy Governor

First Deputy Governor of the Bank of Ghana, Dr Zakari Mumuni, says the Central Bank’s Gold Purchase Programme has been instrumental in stabilising the cedi and easing inflation in recent months.

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

3 d. ago Bank of Ghana Defends Gold for Oil Scheme Despite Heavy Losses

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/bank-of-ghana-defends-gold-for-oil-scheme-despite-heavy-losses/Ghana’s central bank is standing by its controversial Gold for Oil (G4O) programme, portraying it as a vital economic lifeline despite racking up losses of GH¢2.14 billion. First Deputy Governor Dr. Zakari Mumuni offered a robust defence at London’s C’NVERGE 2025 conference, calling the initiative a crucial tool that secured affordable fuel, bypassed volatile currency […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/bank-of-ghana-defends-gold-for-oil-scheme-despite-heavy-losses/

Politics

3 d. ago Ghana Sees Sharp Drop in Public Cash Holdings as Inflation Eases

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-sees-sharp-drop-in-public-cash-holdings-as-inflation-eases/Currency circulating outside Ghana’s banking system fell to GH₵58.1 billion in June, the lowest level this year, signaling shifting monetary behavior amid cooling inflation. Bank of Ghana data reveals a notable decline from the GH₵62 billion monthly average maintained between January and May 2025. Economists link the trend to the central bank’s earlier tight monetary […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-sees-sharp-drop-in-public-cash-holdings-as-inflation-eases/

Economics

4 d. ago Ghana Rolls Out Gold Coin to Anchor Savings and Curb Inflation

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-rolls-out-gold-coin-to-anchor-savings-and-curb-inflation/Ghana’s central bank has unveiled a pioneering financial instrument designed to stabilize personal wealth and bolster monetary policy. The newly launched Ghana Gold Coin (GGC), announced by First Deputy Governor Dr. Zakari Mumuni at London’s CNVERGE ’25 summit, offers investors a high-purity, tangible asset amid economic uncertainty. This move signals a strategic shift for the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-rolls-out-gold-coin-to-anchor-savings-and-curb-inflation/

Economics

5 d. ago Banking Expert Challenges Ghana’s Central Bank Over Lending Rate Vision

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/banking-expert-challenges-ghanas-central-bank-over-lending-rate-vision/Banking consultant Dr. Richmond Atuahene has issued a stark warning: the Bank of Ghana Governor’s push for lower lending rates will fail unless the government urgently clears massive debts owed to contractors and power producers. His critique targets Governor Dr. Johnson Asiama’s recent declaration that the era of high borrowing costs is over. Atuahene argues […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/banking-expert-challenges-ghanas-central-bank-over-lending-rate-vision/

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 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

9 d. ago Ghana Central Bank’s Rate Cut Splits Economists on Inflation Risks

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/a-bold-move-or-premature-gamble-economists-divided-over-reduction-in-policy-rate/The Bank of Ghana’s surprise 300-basis-point policy rate reduction from 28% to 25% has divided economists, with some hailing it as a growth catalyst and others warning it risks undermining inflation progress. Business groups including GUTA and GNCCI applauded the cut, anticipating lower borrowing costs for struggling enterprises. Dr. Paul Appiah-Konadu of Pentecost University endorsed […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/a-bold-move-or-premature-gamble-economists-divided-over-reduction-in-policy-rate/

Politics

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

4 w. ago We will take drastic measures to halt dollarisation of economy – BoG Governor

The Bank of Ghana Governor has given the firm assurance that the Central Bank will take some drastic measures to help halt the dollarisation of the cedi. The Governor stated that “Enforcement of legal tender laws will be stepped up, especially in sectors where forex pricing has become normalised”. The Bank of Ghana Governor disclsoed […]

Politics

4 w. ago BoG considers price hedging programme for gold exports – Governor 

The Bank of Ghana Governor Dr. Johnson Asiama, has revealed that the Central Bank is considering price hedging programme for its gold exports.  The move, according to him, is to ensure that its loss is minimise, should the price of gold start declining due to developments on the international market.  The Governor of the Bank […]

Politics