The Bank of Ghana’s Monetary Policy Committee (MPC) has announced a significant reduction in the benchmark policy rate, cutting it by 350 basis points from 25% to 21.5%.
Ghana’s banking sector is poised for a significant shift as new regulations from the Bank of Ghana (BoG) compel financial institutions to reduce their non-performing loan (NPL) ratios by the end of 2026.
Currently, African countries are actively researching, piloting, or rolling out Central Bank Digital Currencies (CBDCs), a testament to the continent’s growing commitment to fintech innovation and financial inclusion.
The Ghanaian cedi has surged nearly 50 percent against the US dollar in 2025, outperforming all other global currencies.
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has announced its decision to maintain the...
Nigeria has officially overtaken Ghana as the country with the highest benchmark interest rate in West Africa, following the Central Bank of Nigeria’s (CBN) decision to raise its Monetary Policy Rate (MPR) to 27.5%.
Ghana’s inflation figure for June 2024 fell to 22.8%, the country’s lowest inflation figure since April 2022.
For the second time in a row, the Bank of Ghana has maintained the country’s interest rate at a record 30% as they hope to further lower the country’s inflation rate from its present 35.2%.
Ghana's negotiations with the International Monetary Fund over a rescue package will be fast-tracked. This was disclosed in...
Ghana’s central bank has raised its interest rate by 300 basis points to 22% to tame inflation and stabilize the nation’s tumbling exchange rate...
Ghana's Central Bank, the Bank of Ghana, has warned Ghanian citizens and the general public that the bank...
The Bible says, “my people perish for lack of knowledge”. One area that people often perish for lack...
