By Adnan Adams Mohammed The Bank of Ghana (BoG) is launching a comprehensive National Remittance Strategy and accompanying roadshow, aiming not just to boost crucial foreign exchange inflows but …
Bank of Ghana (BoG)
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Economy and Finance
A High-Stakes Economic Dialogue: Otumfuo Demands Relief from “Crippling” Interest Rates as BoG Governor Pledges 10% Target by 2028
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed The Bank of Ghana (BoG) is walking a tightrope between fostering economic recovery and guarding against inflationary risks. The delicate balance was the central point …
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Features
2025 end with inflation hitting historic low of 5.4% …driven by “Sustained Monetary Discipline”
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed Ghana has achieved a significant economic milestone, closing the year 2025 with the annual inflation rate dropping to a historic 5.4 percent. This figure, down from …
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Economy and Finance
Gold boom, diaspora inflows propel Ghana Cedi to historic year-end rally …shattering three-decade seasonal volatility
by Adnan Adamsby Adnan AdamsThe Ghanaian local currency (cedi) has ended the 2025 fiscal year on its strongest footing in a decade, defying an at least 30-year seasonal depreciation pattern and emerging as one …
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Economy and FinanceMining & Energy
GoldBod CEO Blames 3% Withholding Tax for 2021 Gold Sector Slump
by Adnan Adamsby Adnan AdamsThe Gold Board’s (GoldBod) Chief Executive Officer, Lawyer Sammy Gyamfi, has revealed that a 3% withholding tax imposed in 2021 under the leadership of Akufo Addo administration precipitated a drastic …
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Economy and Finance
Ghana Goldbod’s success and challenges: IMF concerns and expert insights
by Adnan Adamsby Adnan AdamsGhana’s domestic gold purchase programme, implemented through GoldBod, has sparked debate over its financial implications and broader economic impact. While the Bank of Ghana (BoG) reported a US$214 million loss …
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Economy and Finance
Unpacking Advocates for Christ Ghana’s stance on Non-Interest Banking
by Adnan Adamsby Adnan AdamsA civil society group, Advocates for Christ Ghana, has called on the Bank of Ghana (BoG) to suspend its planned normalization of non-interest banking, although its stance is premised on …
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Economy and Finance
‘Non-interest banking’ name was choice of Ghanaians …BoG clarifies, partners CIB for industry training
by Adnan Adamsby Adnan AdamsThe Bank of Ghana (BoG) has released the Guideline for the Regulation and Supervision of Non-Interest Banking (Exposure Draft), marking a significant step towards introducing Non-Interest Banking (NIB) in Ghana. …
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Economy and Finance
Fin. Minister calls for continuity in BoG leadership amidst govt changes
by Adnan Adamsby Adnan AdamsFinance Minister Dr. Cassiel Ato Forson has urged that the Bank of Ghana’s (BoG) Board remain functional despite changes in government, warning that frequent disruptions post-elections undermine the central bank’s …
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Economy and Finance
BoG urges banks to boost SME lending after rate cut
by Adnan Adamsby Adnan AdamsThe Bank of Ghana (BoG) is calling on commercial banks to increase lending to small and medium-sized enterprises (SMEs) and the real sector, following the recent policy rate cut to …