Digital Banking

The Bank of Ghana (BoG) will, from November 3, 2025, begin accepting applications for digital credit service provider licences, in a move to regulate the country’s fast-growing mobile-based lending sector. In a statement, the central bank…
Read More...

The World Bank has released $360 million to Ghana under its International Development Association (IDA) facility as part of efforts to help the country restore macroeconomic stability and build resilience for sustainable growth. The…
Read More...

The Bank of Ghana (BoG) has suspended the remittance operations of five Money Transfer Operators (MTOs) — Taptap Send, Top Connect, Remit Choice, Send App, and Afriex — effective September 18, 2025, for breaching regulatory guidelines. The…
Read More...

A software developer in Accra who builds cutting-edge solutions for a U.S. startup still loses a painful chunk of his hard-earned income to outdated banking systems. Despite contributing to the global tech economy, he faces high transfer…
Read More...

The Bank of Ghana (BoG) has issued a sweeping directive banning the widespread use of foreign currencies, especially the US dollar, in everyday transactions across Ghana, warning that offenders will face stiff sanctions under the Foreign…
Read More...

President John Dramani Mahama has announced ambitious plans to scale Ghana-Singapore trade into the billion-dollar range, after figures showed bilateral trade reached more than US$215 million in 2024. Delivering the keynote address at the…
Read More...

Ghana’s Treasury bill market remains under strain as the government missed its fundraising target for the third consecutive week, underscoring persistent investor caution and rising borrowing costs. The latest auction, which closed on…
Read More...

The Bank of Ghana’s (BoG) decision to withdraw more than $4.5 billion (GH₵60 billion) from circulation in an aggressive sterilisation drive has sparked fierce backlash from the Minority in Parliament, who warn that the policy is suffocating…
Read More...

President John Dramani Mahama has assured international investors that Ghana’s economy is on a stable recovery path, underscored by the cedi’s remarkable turnaround on the global market. Speaking at the 9th Tokyo International Conference…
Read More...

The Bank of Ghana (BoG) has announced a sweeping package of prudential and regulatory reforms aimed at decisively addressing the long-standing challenge of non-performing loans (NPLs) in the country’s financial system. The new rules, set…
Read More...