Bank of Ghana tightens rules on remittances amid compliance failures

The Bank of Ghana (BoG) has announced stricter measures against Banks, Dedicated Electronic Money Issuers (DEMIs), Enhanced Payment Service Providers (EPSPs), and Money Transfer Operators (MTOs).   This comes as part of the ongoing fight against non-compliance with inward remittance guidelines. In a notice signed by Sandra Thompson, Secretary at the central bank, the bank observed […]

Finance Minister Ato Forson to deliver 2025 Mid-Year Budget review today

Minister for Finance, Dr Cassiel Ato Forson, will today present the much-anticipated 2025 Mid-Year Budget Review to Parliament, with all eyes keenly fixed on whether government will maintain its original expenditure envelope or seek a supplementary budget in response to emerging fiscal and political pressures. The review is being delivered against a backdrop of notable […]

No more hidden rates: Bank of Ghana cracks down on shipping industry FX practices

The Bank of Ghana (BoG) has issued a new directive to all players in the shipping industry, mandating the adoption of transparent and market-reflective exchange rates in their pricing models.  The new guidelines, which take effect from Monday, July 22, 2025, are aimed at promoting consistency and regulatory compliance in foreign exchange practices within the […]

GUTA threatens mass protest over foreign intrusion in retail sector

The Ghana Union of Traders Associations (GUTA) has issued a warning of nationwide demonstrations should the government fail to take decisive action against the increasing infiltration of foreigners into the domestic retail sector. The Association argues that retail trading is explicitly reserved for Ghanaian citizens under national law and laments the growing disregard for this […]