The Bank of Ghana has participated in the Cooperation between Law Enforcement Agencies and the Banking Community (COCLAB) Technical Committee Workshop held in Accra under the theme “Promoting Financial Integrity through Multi-Stakeholder Collaboration.” The workshop brought together key stakeholders to strengthen collaboration in safeguarding the financial sector, particularly against unlicensed activities and emerging risks in...
Category: Business
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Parliament Passes Bank of Ghana Amendment Bill
Parliament has passed the Bank of Ghana Amendment Bill, 2025, aimed at improving transparency, accountability, and strengthening institutional checks within the country’s central bank. During debate ahead of its passage, the Finance Minister, Hon. Cassiel Ato Forson, explained that the Bill introduces a mechanism for the automatic recapitalisation of the Bank in the event of...
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IMF Approves Fifth Review of Ghana’s Economic Programme
The International Monetary Fund (IMF) Executive Board has approved the Fifth Review of Ghana’s performance under its three-year Extended Credit Facility (ECF) programme, marking another milestone in the country’s economic recovery efforts. The approval clears the way for the disbursement of about US$380 million, bringing total IMF support under the programme to US$2.8 billion. In...
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Producer Price Inflation Eases to 1.3% in November
Producer price inflation slowed marginally to 1.3 per cent in November 2025, down from 1.4 per cent in October, according to the latest data released by the Ghana Statistical Service (GSS). The decline represents a 0.1 percentage-point drop month-on-month and signals continued easing of cost pressures at the factory gate. On a year-on-year basis, ex-factory...
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GRA Intensifies Nationwide Tax Enforcement Amid Rising Non-Compliance
The Ghana Revenue Authority (GRA) has heightened tax enforcement and compliance operations across the country in response to increasing levels of taxpayer default, according to Assistant Commissioner for Accra Area Enforcement, Joseph Annan Adjeikwei. Speaking to the press in Accra, Mr. Annan highlighted a troubling pattern where many taxpayers submit returns merely to avoid penalties...
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Ghana Signs Seventh Bilateral Debt Restructuring Agreement with Czech Republic
Ghana has signed its seventh bilateral debt restructuring agreement, this time with the Czech Republic, as part of ongoing efforts to stabilize the country’s economy and strengthen international financial cooperation. The agreement was signed by Finance Minister Cassiel Ato Forson on behalf of the Government of Ghana, and Mr. René Jakl, Director of the Claims...
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Ghana Promotes Investment Opportunities in Washington as Attendees Urge Expansion Across U.S.
Ghana’s Ambassador to the United States, H.E. Victor Emmanuel Smith, has reaffirmed the nation’s commitment to attracting American investment as the Embassy hosted the inaugural Investing in Ghana Business Forum in Washington, D.C. The high-level event, held at Norton Rose Fulbright, convened U.S. business leaders, investors, and policy stakeholders for dialogue on Ghana’s investment climate,...
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GWCL Says Tariff Increase Won’t Guarantee 24/7 Water Flow
The Ghana Water Company Limited (GWCL) says it will keep working to maintain water flow across the country, but Ghanaians should not expect round-the-clock supply under the current tariff regime. Speaking on PM Express, the company’s PRO, Stanley Martey, said the new 15.92% tariff approved by the PURC is far too little to sustain the...
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BoG Pumps $10 Billion into Forex Market to Stabilise Cedi
The Bank of Ghana (BoG) has injected close to $10 billion into the foreign exchange market since January 2025 in a bid to stabilise the cedi. This amount represents the total dollars sold to commercial banks and businesses to meet their foreign currency needs, a measure that has played a key role in supporting the...
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Finance Minister Vows Tough Action on Audit Infractions
The Minister for Finance, Dr. Cassiel Ato Forson, has pledged a decisive crackdown on financial infractions across government ministries, departments and agencies, stressing that accountability in public financial management will no longer be optional. Speaking at a recent meeting with Chief Directors and key audit heads, Dr. Forson said a clear path has been charted...