The Bank of Ghana intends to close down licensed forex bureaus flouting the laws governing foreign exchange operations in the country. This forms part of efforts to clamp down on illegal practices causing the free fall of the cedi. The local currency has crossed the GH¢10 to US$1 mark on …

The Bank of Ghana (BoG) has served notice to all licenced financial institutions and the general public that effective July 1, 2022, the Ghana Card shall be the only identification card accepted for any form of banking or financial transactions in the country. According to a statement from the central …

Minister for Communications & Digitalisation Minister for Energy Selected Members of Parliament Former Ministers of State The US Ambassador, The Director-General of the National Communications Authority Ag. Director-General of the Cyber Security Authority CEOs from the Critical information Infrastructure Sectors including from the Telcos & Banks Members of the National …

The Bank of Ghana has join forces with Giesecke+Devrient (G+D)  to pilot a general-purpose Central Bank Digital Currency (retail CBDC) in Ghana. G+D is providing the technology and developing the solution adapted to Ghana’s requirements, which will be tested in a trial phase with banks, payment service providers, merchants, consumers …

Mr Joe Jackson, Director of Business Operations at Dalex Finance, has been inducted as a Fellow of the Institute of Charted Economists- Ghana (ICEG). Professor Peter Tuffuo Asubonteng of ICEG led the induction and charged Mr Jackson to uphold the code of ethics of the Institute. Mr Jackson is a …

Despite commendable efforts and interventions by various state and private sector entities, there is no silver bullet to how economies across Africa and the small and medium enterprise sector will recover from the global health pandemic. Across the continent, we see a K-shaped recovery as different economies and sectors recover …

Ghana’s total public debt stock has increased once again according to new data released by the Bank of Ghana. The debt stock which ended the first quarter of 2021 at GH¢ 304.6 billion, increased by almost GH¢ 30 billion in April and May. This saw Ghana’s total public debt as …

As further evidence of its commitment to eradicating financial marginalisation and exclusion, the Chartered Institute of Bankers (CIB) Ghana has partnered with the University of North Carolina (UNC) School of Social Work and Centre for Social Development in Africa (CSDA) to launch the Financial Capability and Asset Building (FCAB) Africa …

The Ministry of Finance has schooled top management of the Ghana Ports and Harbours Authority on the Public-Private Partnership Act and the Public Investment Management Regulations introduced in 2020. It forms part of a nationwide sensitization to provide information to State Owned Enterprises (SOEs) on the rights, guidelines, and due …

Despite the ravages of COVID-19, the Association of Rural Banks (ARB) Apex Bank Limited, has recorded the highest profit before tax (PBT) of GH₵5.9 million. This is an increase of 482 percent over the previous year, the highest PBT in more than 10 years. The Bank’s total operating income also …