Business

The Bank of Ghana (BoG) has urged exporters to repatriate all export proceeds through the formal banking system, warning that failure to return foreign earnings weakens the country’s foreign exchange reserves and undermines efforts to stabilise the cedi and contain inflation. Second Deputy Governor of the Bank of Ghana, Matilda Asante-Asiedu, said unreturned export proceeds limit the country’s ability to …

Finance Minister Dr Cassiel Ato Forson has expressed optimism that Ghana’s economy will grow beyond the International Monetary Fund’s (IMF) revised projection of 5.7% for 2026. The minister’s remarks follow the IMF’s upward revision of Ghana’s growth forecast from 4.6% in April, representing an increase of 1.1 percentage points. Reacting to the revised outlook, Dr Ato Forson said the government …

Finance Minister Dr Cassiel Ato Forson has called on public officials to strengthen financial accountability and ensure that every cedi entrusted to them is properly accounted for, warning against making the recovery of public funds an annual routine. He made the appeal during an engagement on the Auditor-General’s Report, which brought together regional ministers and metropolitan, municipal and district chief …

The Bank of Ghana (BoG) has warned the public against taping, gluing, stapling or otherwise repairing damaged Ghana cedi banknotes for re-issuance or circulation. The caution follows the circulation of a video on social media showing individuals repairing torn and soiled cedi notes with adhesive tape as part of a business activity. In a statement issued on Wednesday, October 7, …

Ghana has secured a favourable outcome in an international tax arbitration dispute with Tullow Ghana Limited, after an International Chamber of Commerce (ICC) Tribunal dismissed the oil producer’s claims and upheld a US$393.09 million tax assessment issued by the Ghana Revenue Authority (GRA).The decision was delivered on Tuesday, September 29, 2026, by a tribunal constituted under the ICC Rules of …

The Ghana Association of Banks (GAB) has called for stronger measures to reduce the risks within Ghana’s business environment to enable banks to expand lending to small and medium-sized enterprises (SMEs).GAB President John Awuah said banks are prepared to provide more financing to SMEs, but weaknesses in areas such as storage, distribution and market access can undermine businesses’ ability to …

The Bank of Ghana could resume cutting its policy rate at its final Monetary Policy Committee meeting of 2026, but the decision will depend largely on the outlook for fuel and other energy-related costs and their impact on inflation expectations.The MPC has kept the policy rate at 14% for three consecutive meetings, adopting a cautious approach as recent increases in …

Societe Generale Group has reached an agreement to sell its entire 60.22% stake in Societe Generale Ghana to pan-African banking group Attijariwafa Bank and the Social Security and National Insurance Trust (SSNIT).Under the agreement, Attijariwafa Bank will acquire a 55.22% stake in the Ghanaian bank, while SSNIT will acquire an additional 5% stake.The transaction will mark the exit of Societe …

S&P Global has warned that Ghana’s efforts to build up its foreign exchange and gold reserves could come with significant fiscal costs and put pressure on recent improvements in the country’s public finances.The international rating agency said the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), which relies heavily on gold to strengthen the country’s external reserves, could impose substantial costs …

Second Deputy Governor of the Bank of Ghana (BoG), Matilda Asante-Asiedu, has been appointed as the authorised representative of BoG Governor Dr Johnson Pandit Asiama on the Board of the Ghana Gold Board (GoldBod).The appointment, which took effect on Monday, May 11, 2026, authorises Mrs Asante-Asiedu to attend and fully participate in all meetings of the GoldBod Board on behalf …