56 m. ago 10 Key Takeaways from BoG Governor Dr Johnson Asiama’s address at the Graphic Business/Stanbic Bank Breakfast Meeting

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, on Tuesday, July 15, joined the Graphic Business/Stanbic Bank Breakfast Meeting where he spoke on a number of issues. Below are 10 takeaways from his address.

Politics

3 h. 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 h. ago Cedi must lead Ghana’s economy – BoG to clamp down on dollar transactions

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has underscored the urgent need to safeguard the cedi’s dominance in Ghana’s economy and crack down on the increasing normalisation of foreign currency pricing in domestic transactions. Speaking at a financial sector engagement, Dr Asiama issued a clear warning against the creeping trend of […]

Politics

4 h. ago BoG to mark 60 years of the Cedi with anniversary celebration in August

The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has announced plans to commemorate the 60th anniversary of the country’s official currency, the cedi.

Politics

5 h. ago Too many Ghanaian businesses continue to price in US dollars – BoG Governor

Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has expressed concern over the persistent use of foreign currencies, particularly the US dollar, in domestic trade.

Economics

5 h. ago Rejecting coins as a means of payment is illegal – BoG warns traders

The Bank of Ghana is urging the public especially traders and market operators to accept all legally issued coins, including smaller denominations such as 1, 5, 10, 20, and 50 pesewas, as valid forms of payment. This follows increasing reports of the lower denominations being rejected in everyday transactions, a practice the central bank says […]

Events

6 h. 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

6 h. ago Cedi appreciation due to strengthened economic fundamentals – BoG Governor

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has credited the recent appreciation of the Ghanaian cedi to four key economic pillars, highlighting improved policy coordination and renewed investor confidence as instrumental to the currency’s stability.

Politics

6 h. ago Use data from BoG to make cedi projections, not predictions from ‘Zamerama’ – Governor Asiama

The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has appealed to the public to disregard projections and speculations bandied about by some black market forex traders, popularly called Zamerama. He warned that such speculative activities do not support the data published by the Bank of Ghana after its periodic Monetary Policy Committee […]

Politics

6 h. ago Use data from BoG to make cedi projections, not predictions from ‘Zabarma’ – Governor Asiama

The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has appealed to the public to disregard projections and speculations bandied about by some black market forex traders, popularly called Zamerama. He warned that such speculative activities do not support the data published by the Bank of Ghana after its periodic Monetary Policy Committee meetings.

Politics

6 h. ago APL claims vindication following IMF’s revelation of BoG’s $1.4bn forex support

Governance think tank, the Africa Policy Lens, says it has been vindicated by a recent revelation by the International Monetary Fund (IMF) that the Bank of Ghana pumped in dollars to support the recent stability of the Cedi. The IMF, in its latest review of Ghana's programme, revealed that the Bank of Ghana released $1.4bn forex support to sustain the Cedi against the US dollar.

Politics

7 h. ago Forex market intervention for 2025 Q1 has not depleted our reserves – BoG

The Bank of Ghana (BoG) has maintained that its foreign exchange (forex) market intervention for the first quarter of 2025 has not depleted its reserves. The BoG, according to what JOYBUSINESS has picked up added US$1.6 billion to its reserves for the first six months of the year, surpassing the International Monetary Fund’s (IMF) reserve […]

Politics

25 h. ago Azumah Resources rejects political motive claims, confirms EBID talks started in 2023

In a carefully worded public statement, Azumah Resources Ghana Ltd has confirmed that the ECOWAS Bank for Investment and Development (EBID) was engaged in discussions to support the Black Volta Gold Project as early as 2023 — a critical clarification that challenges ongoing claims that the financing was politically engineered following Ghana’s 2024 elections.

Politics

30 h. ago Who Will Bell the Cat? Ghana’s Gold strategy and the strangling of dollar liquidity

Who will bell the cat? That is the question many are now asking as Ghana’s foreign exchange liquidity tightens in unexpected ways. In the early part of 2025, the Ghana Cedi appreciated by an impressive 16%, buoyed by rising gold exports and a renewed sense of macroeconomic stability. On the surface, it looked like Ghana […]

Politics

31 h. ago Bank of Ghana intervened with $1.4bn in the forex market in 2025 first quarter

The Bank of Ghana sold $1.4 billion in foreign exchange during the first quarter of 2025, according to the latest International Monetary Fund (IMF) review of Ghana’s programme. “The Bank of Ghana’s footprint in the FX market continued to increase. Large-scale FX intervention continued in 2025, reaching $1.4 billion in the first quarter,” the Fund noted. […]

Economics

4 d. ago World Bank ranks Ghana low at 29th position with debt policy and management score

The bottom five nations in SSA were Malawi (2.0), Sao Tome and Principe (2.0), Eritrea (1.5), South Sudan (1.5) and Sudan (1.5).

Sport

4 d. ago Debt policy and management score: World Bank ranks Ghana low at 29th position

The bottom five nations in SSA were Malawi (2.0), Sao Tome and Principe (2.0), Eritrea (1.5), South Sudan (1.5) and Sudan (1.5).

Sport

4 d. ago Banks vulnerable to severe credit impairments, but risks from liquidity, others well contained – BoG

The Bank of Ghana conducted stress tests to evaluate the resilience of the banking sector to risks, including sovereign, credit, market, and liquidity.

Politics

4 d. ago BoG data: 66% of current national gold reserves amassed through Bawumia’s gold purchase programme

Data released by the Bank of Ghana (BoG) via its official social media channels have underscored the substantial impact of the Gold Purchasing Scheme initiated by former Vice-President Dr Mahamudu Bawumia.

Politics

4 d. ago Standard Chartered declares dividend at 55th Annual General Meeting

Standard Chartered Bank Ghana PLC has held its 55th Annual General meeting (AGM) to present its Annual Report and Financial Statements for the year ended 31 December 2024 to its shareholders. The Bank declared a dividend payout of GH¢1.67 per ordinary share culminating in a total ordinary dividend payable of GH¢225.16 million and preference share dividend […]

Politics