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Banking and Finance
Debt Restructuring: A Game-Changer for Ghana’s Economy?
Dr. Samuel Arkhurst, Director of Treasury and Debt Management Division at the Finance Ministry, provided insight into Ghana's debt…
IMF Upgrades Ghana’s 2024 GDP Growth Forecast to 3.1%
The International Monetary Fund (IMF) has revised Ghana's GDP growth forecast for 2024 from 2.8% to 3.1%, citing the country's…
BoG accumulates $917m reserve; above IMF’s target
The Bank of Ghana (BoG) has accumulated some $917m in foreign reserves from the beginning of January to June this year.
The…
GCB Bank MD assures shareholders of imminent resumption of dividend payment
Managing Director of GCB Bank, Kofi Adomakoh has assured shareholders of the bank of resuming dividend payments in the near…
$360m approved tranche to hit BoG account today
The $360m third tranche under Ghana’s $3bn Extended Credit Facility (ECF) is expected to hit the account of the Bank of Ghana…
Short-term debt instruments see 12.7% oversubscription as Gov’t raises GHS…
The Government of Ghana on Friday, June 28, successfully mobilized GHS 2.99 billion through its Treasury Bill issuance, surpassing…
Remittances: Ghana places 2nd in Sub-Sahara Africa with $4.6bn in 2023 – WB…
Ghana emerged as the second-largest recipient of remittances in Sub-Saharan Africa in 2023, receiving an estimated $4.6 billion,…
African Development Bank secures $18 million Global Environment Facility…
The African Development Bank (www.AfDB.org) has secured more than $18 million in funding from the Global Environment Facility…
Ghana reaches agreement with external bondholders, what next?
The government and representatives of bondholders have reached an agreement in principle on the restructuring of the country’s…
BoG refutes claims of withheld $8bn by MTOs and Fintechs
The Bank of Ghana has dismissed media reports claiming that $8 billion has been withheld by newly licensed Money Transfer…