The Bank of Ghana has filed an appeal at the Supreme Court seeking to challenge the Court of Appeal ruling on the restoration of the GN Savings and Loans license. According to an application filed at the Supreme Court and seen by JOY BUSINESS, the Bank of Ghana is asking the highest court of the […]
The International Monetary Fund (IMF) has defended the Bank of Ghana (BoG)’s massive financial losses, stating that its aggressive policy actions were necessary to stabilise the economy during Ghana’s crisis period. Speaking on PM Express Business Edition on Thursday, IMF Mission Chief Ruben Atoyan rejected suggestions that the central bank acted too aggressively in tightening […]
The Bank of Ghana (BoG) is awaiting legal advice from its external lawyers and the Receiver of the defunct financial institution before deciding on its next course of action. This follows a Court of Appeal ruling ordering the restoration of the licence of GN Savings and Loans Company Limited. The development comes after the Appeals […]
Mobile money transactions in Ghana reached a total value of GH¢493.2 billion in April 2026, involving 967 million transactions, according to the Bank of Ghana’s latest Summary of Economic and Financial Data for May 2026. The figures show continued expansion in the country’s digital payments sector, rising from GH¢484.6 billion recorded in March 2026, reflecting […]
Government has asked large-scale gold miners to sell 30% of annual output to the central bank as part of a revamped reserve-building drive, up from 20%, a senior official told Reuters, though miners say key commercial terms remain unresolved. Central banks globally are increasingly stockpiling bullion as soaring prices boost its appeal as a reserve asset. Ghana, Africa’s top […]
Ghana’s banking sector is regaining momentum, with total industry assets climbing to GH¢465.4 billion as of February 2026, according to the Bank of Ghana (BoG)’s March Monetary Policy Report. The figures point to a sector on firmer ground, reflecting stronger balance sheets and improved positioning within the domestic market. Total assets grew by 21 per […]
The Bank of Ghana (BoG) has ruled out the restoration of the banking licence of GN Bank, which was downgraded to GN Savings and Loans Company Limited before its licence was revoked. The Governor of the BoG, Dr Johnson Asiama, in an interview with the Daily Graphic, stated that the matter had been conclusively settled […]
The Bank of Ghana (BoG) and the Financial Intelligence Centre (FIC) have issued a stringent new Anti-Money Laundering, Combating the Financing of Terrorism and Combating the Proliferation Financing (AML/CFT/CPF) guidelines for Foreign Exchange Bureaux, with immediate effect. The comprehensive framework replaces the 2024 notice and significantly tightens controls within a sector historically vulnerable to financial […]
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%), […]
