The Bank of Ghana has issued a strong caution to the public and licensed financial institutions against engaging with unlicensed digital credit service providers, as part of ongoing efforts to sanitize the digital lending space and protect consumers. In a public notice signed by the Secretary of the Bank, Ms. Aimee Vyda Quashie, the central...
The Bank of Ghana has rolled out revised measures to curb the issuance of dud cheques, warning that offenders face escalating penalties, bans, and long‑term damage to their creditworthiness. Under the new framework, first‑time offenders will be charged 10 percent of the cheque’s face value and reported to both the Credit Reference Bureaus and the...
Deputy Minister for Food and Agriculture, Hon. John Dumelo, has assured consumers that tomato prices are expected to fall sharply in the coming weeks as local farmers begin harvesting across the country. In a statement shared on his official Facebook page, Hon. Dumelo disclosed that government is actively preparing for large‑scale dry season tomato farming...
Ghana’s economy has recorded one of its strongest performances in recent years, according to the World Bank’s 10th Economic Update on Ghana, which highlights significant gains across trade, growth, and inflation management. The report notes that Ghana’s external position has strengthened substantially, driven by a robust trade surplus. Real GDP growth reached 6.0 percent in...
The Ghana Gold Board (GoldBod) has intensified its fight against gold smuggling and illicit financial flows through a new partnership with the Economic and Organised Crime Office (EOCO). At a high‑level meeting convened under the Ghana‑UK Gold Programme, the two institutions discussed the development of a GoldBod‑EOCO Operational Collaboration Framework. The framework is designed to...
The Ghana Gold Board (GoldBod) has emerged as a critical player in stabilizing the country’s foreign exchange market, generating US$1.32 billion in receipts in August under its new operating model. According to official disclosures, the inflows were strategically distributed to strengthen both commercial banking operations and the nation’s reserves. Of the total receipts, US$668.21 million...
The Bank of Ghana has issued two urgent public notices cautioning citizens against engaging with unlicensed financial operators and fraudulent crypto investment schemes. In a statement signed by Aimee Vyda Quashie, Secretary of the Bank, dated September 1, the central bank reminded the public to verify the licensing status of individuals or entities before depositing...
The Ghana Cocoa Board (COCOBOD) has announced the full settlement of its 2026 Domestic Debt Exchange Programme (DDEP) bond obligations, paying a total of GH¢2.3 billion to bondholders. In a statement issued by the Public Affairs Department, COCOBOD confirmed that the payment of GH¢2,306,202,372.09 marks the completion of its mandatory obligations under the DDEP. Earlier...
The Government of Ghana has received a record dividend of GH¢391,195,000 (US$35 million) from Perseus Mining (Ghana) Limited, marking a sharp increase from the US$5 million paid last year. Finance Minister Cassiel Ato Forson, speaking on behalf of the Government and people of Ghana, expressed appreciation to the company for its contribution, noting that the...
Financial infractions across Ministries, Departments and Agencies (MDAs), Metropolitan, Municipal and District Assemblies (MMDAs), the District Assemblies Common Fund, Public Boards and State‑Owned Enterprises, as well as Public Universities and Colleges of Education, have recorded a sharp decline. According to official figures, irregularities fell from GH¢20.72 billion in 2024 to GH¢7.69 billion in 2025 —...