Digital Banking

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in Accra who builds cutting-edge solutions for a U.S. startup still loses a painful chunk of his hard-earned income to outdated banking systems.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…
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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…
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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…
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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…
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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…
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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…
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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…
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Ghana’s pension industry experienced a historic surge in 2024, with total pension fund assets reaching an unprecedented GH¢86.23 billion, up from GH¢61.8 billion in 2023. This represents a significant 39.5% year-on-year growth, according…
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The governor of the Bank of Ghana, Dr Johnson Asiama, has revealed that the sharp appreciation of the Ghanaian cedi has led to a near 50% drop in remittance inflows, as many Ghanaians living abroad have paused sending money for local…
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The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has cut the policy rate by 300 basis points, bringing it down from 28% to 25%, in a bold move to support economic growth amid easing inflationary pressures. Announcing the…
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