The total value of mobile money transactions reached GH¢3.6 trillion in the first 10 months of 2025, ending October. This is according to the latest Economic and Financial Data released by the Bank of Ghana after last week’s Monetary Policy Committee meeting. The figure represents the total reported by telecom operators to the Bank of […]
Following the observation by the Ghana Tertiary Education Commission (GTEC) that there was an increasing number of public officers presenting unearned academic titles and certificates for appointment, promotion, or certification in the public sector in Ghana in recent times, the National Intelligence Bureau (NIB) has been drawn into the campaign to help with investigations to sanitise […]
The Bank of Ghana (BoG) has announced the registration of more than 100 virtual asset service providers (VASPs) under a new policy to regulate the country’s growing cryptocurrency market. In a release dated November 5, 2025 and a policy paper titled Ghana’s Policy Position on Virtual Assets and Service Providers, the BoG outlined Ghana’s first national framework for regulating […]
Cedi records one of its strongest performances; one dollar equals GH¢12.10 at forex bureaux. The Ghana cedi posted one of its strongest performances in recent months over the two-week review period. This was supported by improved market sentiment and steady central bank interventions. It appreciated to GH¢10.85 per US dollar (+9.68%), GH¢14.42 per pound (+10.00%), […]
The continuous huge borrowing on the domestic market culminated in Ghana’s domestic debt outpacing external debt for the first time in several years. According to data from the Bank of Ghana, domestic debt stood at GH¢323.7 billion, about 23.1% of Gross Domestic Debt, whilst external debt stood at GH¢305.0 billion, about 21.8% of GDP. The […]
The Bank of Ghana’s gold reserves has increased to 37.06 tonnes in September 2025. According to data from the central bank, the gold reserves have risen by 21.3 percent since the beginning of 2025. The gold reserves stood at 30.53 tonnes at the beginning of January 2025 and increased to 30.62 tonnes on January 31, […]
Investors continued to shift their investments into Bank of Ghana bills and fixed deposits, as they prefer financial instruments with higher returns. According to auction results by the Bank of Ghana, the government failed to meet its target for the second week running. It was actually undersubscribed by 30%. The Treasury received GH¢2.59 billion of […]
The Bank of Ghana has suspended the foreign exchange trading licence of United Bank for Africa (UBA) Ghana for one month, effective September 18, 2025. In a statement issued on Thursday, the central bank said the decision was taken in line with section 11(2) of the Foreign Exchange Act, 2006 (Act 723), following what it […]
The Bank of Ghana (BoG) has announced the suspension of the remittance partnership of three Payment Service Providers for one-month, effective September 18. The institutions are Flutterwave, Celulant Ghana and Halges Financial Technologies The central bank, in the notice, stated that the action was due to breaches of its updated guidelines for inward remittance services […]
“People are carrying more than a million dollars out of Ghana without declaring it,” Bank of Ghana Governor Dr Johnson Asiama has revealed. Speaking on Joy News’ yet-to-be-aired PM Express Business Edition, he described such practices as major leakages that threaten the stability of the economy and undermine efforts to fight money laundering. “If you […]
Bank of Ghana Governor, Dr. Johnson Asiama, has revealed that COCOBOD is expecting over $4 billion in inflows before the end of this year. He explained that the funds are part of a new financing arrangement introduced by COCOBOD to support cocoa purchases for the new crop season. Speaking in an exclusive interview with Joy […]
The Bank of Ghana (BoG) has directed mining firms to channel their foreign exchange inflows through commercial banks, rather than directly to the central bank. The directive, communicated to the mining companies this week, is part of measures to boost interbank forex trading and improve liquidity. BoG Governor, Dr. Johnson Asiama, confirmed the move in […]
