30 h. ago BoG urges financial institutions to maintain a robust credit risk management framework

It continued that RFIs with NPL ratios exceeding the prudential limit shall, from 1st January 2027, be restricted from the payment of dividends and bonuses, as well as growing their loan portfolio lending to related parties and sectors of the RFI’s credit portfolio with NPL ratios above the prudential limit etc., except for cash-backed facilities.

Politics

41 h. ago Hackers Expose North Korean Spy’s Data in Unprecedented Espionage Leak

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/hackers-expose-north-korean-spys-data-in-unprecedented-espionage-leak/Hackers infiltrated a North Korean operative’s computer, leaking files they claim reveal rare insights into state-backed cyber-espionage. Identified only as “Kim,” the target allegedly belongs to Kimsuky a hacking unit also known as APT43 or Thallium accused of targeting journalists, governments, and financial institutions worldwide. Saber and cyb0rg, the hackers behind the breach, detailed their […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/hackers-expose-north-korean-spys-data-in-unprecedented-espionage-leak/

Politics

52 h. ago African Bank Pushes AI Training to Accelerate Continent’s Development Goals

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/african-bank-pushes-ai-training-to-accelerate-continents-development-goals/Africa’s premier financial institution is betting on artificial intelligence to fast-track the continent’s flagship development plan. The African Development Bank has funded specialized AI training for officials across African Union member states, aiming to sharpen monitoring of Agenda 2063 targets. Held in Lusaka, Zambia, the intensive five-day workshop equipped participants with hands-on experience using platforms […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/african-bank-pushes-ai-training-to-accelerate-continents-development-goals/

Politics

5 d. ago Ghana Business Leader Slams Banks Over Interest Rate Practices

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-business-leader-slams-banks-over-interest-rate-practices/Dr. Joseph Obeng, President of the Ghana Union of Traders Association (GUTA), has sharply criticized financial institutions for justifying high interest rates using non-performing loans (NPLs). He argues banks are unfairly punishing businesses for institutional failures. “Banks blame NPLs, but these stem from their own inefficiencies, poor due diligence, and even corruption,” Obeng stated. He […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-business-leader-slams-banks-over-interest-rate-practices/

Politics

6 d. ago Credit bureau database: banks conducted highest number of enquiries

According to the Bank of Ghana, it is mandatory for financial institutions under Section 26 of the Credit Reporting Act, 2007 (Act 726), to conduct credit searches on prospective borrowers before approving or denying credit facilities.

Politics

6 d. ago Database searches of credit bureaus increased by 114% in 2024 – BoG

During the year under review, the report said 55% of searches conducted by financial institutions and authorised users on the database of credit bureaus were conducted on individual borrowers. About 44% were also conducted to assess the creditworthiness of digital loan customers.

Politics

6 d. ago Credit Reference Bureau enquiries surge in 2024 as banks lead the charge

Searches and enquiries made by financial institutions and authorised users on the databases of credit reference bureaus saw a significant jump in 2024, according to the Bank of Ghana’s newly released Credit Reporting Activity report.

Politics

6 d. ago Issuance of dud cheques decreased by 15.19% in 2024 – BoG report

The Bank of Ghana (BoG) Credit Reporting for 2024 has shown a reduction in the issuance of dud cheques. A dud cheque is a cheque that a bank or financial institution refuses to honor because the account holder does not have enough money to cover the cheque’s value. It is a criminal offense under the […]

Politics

7 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

8 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

9 d. ago Libyan Islamic Bank modernizes consumer banking services with Backbase

News Ghana, Latest Updates and Breaking News of Ghana, AMA, https://www.newsghana.com.gh/libyan-islamic-bank-modernizes-consumer-banking-services-with-backbase-2/Backbase and Libyan Islamic Bank go live with a seamless new platform, bringing digital-first banking to Libyan customers. TRIPOLI, Libya, 5 August 2025-/African Media Agency (AMA)/- Backbase, the global leader in AI-powered banking technology, today announced the recent successful platform launch of Libyan Islamic Bank (LIB), one of the country’s fastest-growing financial institutions. This achievement represents […] News Ghana, Latest Updates and Breaking News of Ghana, AMA, https://www.newsghana.com.gh/libyan-islamic-bank-modernizes-consumer-banking-services-with-backbase-2/

Politics

1 week ago Illegal Ghana card applicants to face jail and deportation – NIA warns

The National Identification Authority (NIA) has begun prosecuting foreign nationals accused of attempting to illegally acquire the Ghana Card, warning that offenders will face severe consequences, including imprisonment and deportation. The move follows multiple reports from financial institutions and members of the public about suspicious attempts by non-citizens to infiltrate the national identification system. So […]

Events

1 week ago Remittance inflows: new reporting requirements for all financial institutions takes off today

All financial institutions including commercial banks in the remittance space are from today August 4 2025, expected to start complying with a new reporting requirement as directed by the Bank of Ghana. This was captured in a letter to the Dedicated Electronic Money Issuers (DEMIs) and Enhanced Service Providers (EPSPs) on July 31 2025, sighted […]

Politics

3 w. ago ADB PLC Board Inaugurates New Era with Ambitious Growth Strategy

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/adb-plc-board-inaugurates-new-era-with-ambitious-growth-strategy/The newly constituted Board of Directors for Agricultural Development Bank (ADB) PLC convened its inaugural meeting on July 15, 2025, unveiling plans to position the bank among Ghana’s top three financial institutions. Under Chairman Kenneth Kwamina Thompson’s leadership, the board endorsed Managing Director Edward Ato Sarpong’s strategic vision focused on innovation, resilience, and national development […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/adb-plc-board-inaugurates-new-era-with-ambitious-growth-strategy/

Politics

4 w. ago WAIFEM workshop urges regional collaboration on currency management and forecasting

The West African Institute for Financial and Economic Management (WAIFEM) has concluded a five-day regional workshop in Accra focused on Currency Management and Forecasting across West Africa. The workshop brought together senior representatives from the central banks of Gambia, Ghana, Liberia, Nigeria, and Sierra Leone to deepen institutional capacity in managing currency operations, enhancing forecasting […]

Politics