9 h. 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

16 h. ago ABSA, Republic Bank Offer Ghana’s Cheapest SME Loans as Rate Gap Widens

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/absa-republic-bank-offer-ghanas-cheapest-sme-loans-as-rate-gap-widens/Ghanaian SMEs face dramatically different borrowing costs depending on their bank choice, new Central Bank data reveals. ABSA, Republic Bank, and Bank of Africa emerged as the most affordable lenders in June 2025, while others charged over double their rates—potentially crippling small businesses. The Bank of Ghana’s annualised percentage rate (APR) report, measuring true loan […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/absa-republic-bank-offer-ghanas-cheapest-sme-loans-as-rate-gap-widens/

Politics

47 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

57 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

60 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

60 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

69 h. ago Ghana’s Gold Strategy Boosts Reserves and Stabilizes Economy

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-gold-strategy-boosts-reserves-and-stabilizes-economy/Ghana’s Domestic Gold Purchase Programme (DGPP) has fortified foreign reserves, steadied the exchange rate, and helped tame inflation, according to First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni. Speaking at the CNVERGE ’25 banking summit, he revealed the central bank bought 145.95 tonnes of gold since the program’s launch, with 86.77 tonnes […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-gold-strategy-boosts-reserves-and-stabilizes-economy/

Politics

2 d. 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 BoG’s gold reserves increased by 4% to 34.40 tonnes in July 2025

The Bank of Ghana’s gold reserves increased by 4.09% month-on-month to 34.40 tonnes in July 2025. According to data from the Central Bank, the gold reserves have risen by 8.05% since the beginning of the year to 32.99 tonnes. It began in 2025 at 30.53 tonnes and increased to 30.62 tonnes on January 31, 2025. […]

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

4 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

4 d. ago Remittance Costs Triple UN Target in Africa, IMF Pushes Digital Fix

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/remittance-costs-triple-un-target-in-africa-imf-pushes-digital-fix/Families across Sub-Saharan Africa lose billions to steep remittance fees, with costs averaging 8.5% per transfer nearly triple the UN’s 3% target. The International Monetary Fund’s Deputy Managing Director Bo Li calls this “unacceptable,” citing opaque pricing and slow processing times that slash critical funds for households relying on diaspora support. Why does sending money […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/remittance-costs-triple-un-target-in-africa-imf-pushes-digital-fix/

Events

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 Afreximbank Pushes Fintech to Untangle Central Africa’s Trade Payment Knots

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/afreximbank-pushes-fintech-to-untangle-central-africas-trade-payment-knots/African Export-Import Bank (Afreximbank) is doubling down on efforts to streamline cross-border trade across Central Africa, convening senior bankers in Douala this week to advance its digital payment platform, AfPAY. Over 50 executives from regional banks attended the high-level workshop, focusing on integrating the trade settlement system and tightening compliance to cut transaction costs and […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/afreximbank-pushes-fintech-to-untangle-central-africas-trade-payment-knots/

Economics

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 Ghanaian Banks Urged to Shift Focus as Rate Cuts Reshape Economy

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanaian-banks-urged-to-shift-focus-as-rate-cuts-reshape-economy/Ghana’s banking sector must fundamentally transform its business models away from passive government investments and towards active lending, particularly to small businesses and sustainable projects, central bank governor Dr. Johnson Asiama declared at a major policy forum in Accra. The call came during a high-level seminar organized by the Chartered Institute of Bankers Ghana (CIB […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghanaian-banks-urged-to-shift-focus-as-rate-cuts-reshape-economy/

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 Scholar Urges Diaspora to Maintain Remittances Despite Strong Cedi

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/scholar-urges-diaspora-to-maintain-remittances-despite-strong-cedi/Ghanaian governance advocate Professor Stephen Kwaku Asare, widely known as Kwaku Azar, has issued a passionate appeal to citizens abroad after Bank of Ghana data revealed remittance inflows plunged nearly 50% amid the cedi’s sharp appreciation. The currency has gained over 40% against the dollar this year, causing some diasporans to delay sending money over […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/scholar-urges-diaspora-to-maintain-remittances-despite-strong-cedi/

Politics