Bank of Ghana has denied allegations that it has manipulated the foreign exchange market, noting that, currently that market is controlled by commercial banks. It notes the Central bank only …
Bank of Ghana (BoG)
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Economy and FinanceNews
Momentum builds up on digital credit as BoG set to open applications, early November
by Adnan Adamsby Adnan AdamsAs the Global Fintech market is projected to hit US$400 billion by 2028, stakeholders in Ghana’s digital economy space are building up momentum for full digital credit systems as they …
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Economy and FinanceNews
Private sector pensions rise slightly as job adverts dip
by Adnan Adamsby Adnan AdamsPrivate sector contributions to the Social Security and National Insurance Trust (SSNIT) a key barometer of formal sector employment and pension security – rose modestly by 2.1% year-on-year to 1,065,925 …
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Economy and FinanceNews
Bank of Ghana plans to sell up to US$1.15bn from October
by Adnan Adamsby Adnan AdamsThe Bank of Ghana (BoG) will commence foreign exchange (FX) intermediation under the Domestic Gold Purchase Programme, with plans to sell up to US$1.15 billion between October and the end …
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Economy and Finance
BoG sells US$243mn in FX forward auction, highest since beginning of 2025
by Adnan Adamsby Adnan AdamsThe Bank of Ghana (BoG) has sold one of its highest amounts of dollars for the market through a single 7-day FX forward auction. Market data seen by JOYBUSINESS showed …
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Economy and Finance
AGI builds confidence in Ghana’s banking system as it predicts fall in lending rates
by Adnan Adamsby Adnan AdamsThe Association of Ghana Industries (AGI) is upbeat that the recent cuts in the Bank of Ghana’s policy rate will trigger a new phase of lending and growth for businesses. …
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An Economist has raised concerns over the Bank of Ghana cut in policy rate by 350 basis points to 21.5 percent amid potential inflationary pressures. He posited that the central …
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The Bank of Ghana has reiterated commitment to operationalise Non-Interest Banking and Finance (NIBF) in Ghana which does not set stage for religious biases. Dr Johnson Asiama, Governor of Bank …
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Economy and Finance
IMF staff mission visits Ghana Sept 29 for 5th programme review
by Adnan Adamsby Adnan AdamsAn International Monetary Fund (IMF) staff mission is scheduled to arrive in Accra on September 29, 2025, for Ghana’s fifth programme review under the US$3 billion Extended Credit Facility (ECF).Ghana …
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Economy and Finance
BoG’s sharp benchmark interest rate cut to lower lending, deposit rates
by Adnan Adamsby Adnan AdamsGhana’s banking sector is preparing to lower both lending and deposit rates after the Bank of Ghana delivered a second consecutive large easing step in 2025, but bankers warn that …