The Minority Leader in Parliament, Alexander Afenyo-Markin, has warned that the bail conditions that may be imposed on the current leadership of the Ghana Gold Board (GoldBod) in the future could be “scary” if the standards being applied to some former government officials are maintained. Mr Afenyo-Markin, speaking at a press conference today, August 18,...
Category: Business
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GoldBod Makes XRF Mandatory for Gold Purity Testing from September 1
The Ghana Gold Board (GoldBod) has directed all licensed gold buyers and aggregators to acquire and deploy X-Ray Fluorescence (XRF) equipment for determining the purity of gold doré, effective September 1, 2026. In a Compliance Notice dated August 17, 2026, and signed by the Chief Executive Officer, Mr Samuel Gyamfi, Esq., the Board said XRF...
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Ghana Pays Back US$2.1 Billion To Eurobond Holders – Finance Ministry
Ghana has paid back US$2.1 billion to holders of its Eurobonds, the Ministry of Finance has announced. In a statement, the Ministry said every payment made since January 2025 had been on time and had not touched the country’s savings. It said the development formed part of Government’s continued efforts to honour its debt obligations...
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Ghana Secures Landmark Gold Reserve Agreement
The Ghana Gold Board (GoldBod), led by its Chief Executive Officer, Mr Sammy Gyamfi, has joined the Ministry of Finance, the Ministry of Lands and Natural Resources, the Bank of Ghana and the Ghana Chamber of Mines to execute a landmark Memorandum of Understanding (MoU) securing 30 per cent of the nation’s large-scale gold output...
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Ghana’s Debt Risk Downgraded to Moderate After 12 Years
Ghana’s debt risk classification has officially been lowered from high to moderate for the first time in more than a decade, signaling renewed confidence in the country’s financial stability. The Ministry of Finance announced the milestone on Wednesday, describing it as a turning point in efforts to restore fiscal discipline and investor trust. A visual...
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Banking Sector Assets Surge by 30.7 Percent – BOG Governor
Ghana’s banking industry has recorded a sharp expansion in total assets, rising by 30.7 percent in June 2026. The growth, according to the Bank of Ghana, was largely driven by increased deposits and strengthened shareholders’ funds. Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, disclosed the figures at the Heads of Banks Meeting...
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Bank of Ghana Slashes Policy Rate to 14 Percent
The Bank of Ghana has cut its benchmark interest rate from 27 percent to 14 percent, marking one of the sharpest reductions in recent years. The move is expected to ease borrowing costs across the economy, making loans more affordable for households and businesses. The Ministry of Finance explained that the rate cut will influence...
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Bank of Ghana Governor Highlights Economic Resilience, Urges Diaspora Investment
The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has reaffirmed the resilience of Ghana’s economy, citing strong growth and easing inflation, while urging banks to expand financial products that harness diaspora remittances for investment. Speaking at a meeting with Heads of Banks at Bank Square, Dr. Asiama reported that Ghana’s economy recorded...
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Government Clarifies Adamus Lease Revocation: Assets Not for Sale
The Ministry of Lands and Natural Resources has clarified that the revocation of mining leases held by Adamus Resources Limited is a regulatory enforcement action and not a government decision to sell the company or its assets. In a statement issued in Accra, the Ministry explained that the decision followed findings by the Minerals Commission...
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Ghana’s Debt Risk Falls to Moderate for First Time in 12 Years
Ghana’s debt risk classification has officially been lowered from high to moderate, marking the country’s first improvement in more than a decade. The announcement, made by the Ministry of Finance, signals a significant step in efforts to stabilize the economy and restore investor confidence. A visual released by the Ministry highlighted the shift, showing a...