The Bank of Ghana in its Summary of Economic and Financial Data for March 2025 has reported that the value of mobile money transactions in the country dropped to GHC 316 billion in February 2025, down from GHC 333 billion recorded in January. In contrast, December 2024 saw a higherContinue Reading
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has said that Ghana must work to minimise the risk exposure posed by the decisions of the U.S Government led by President Donald Trump. Answering questions about Ghana’s counter strategy against the effects the actions of the US President, duringContinue Reading
As President Mahama approaches his 100 days in office, the Ghanaian business community appears to be highly expectant of the government’s ability to fix challenges facing their operations. Speaking on Ghanakoma morning show on Akoma 87.9 FM in Kumasi with Sir John, the Chief Executive Officer of the Obibini BlackmanContinue Reading
The Ghana Cedi placed 7th as the strongest currency in Africa as of the end of the first quarter of 2025. Its currency per value was estimated at GH¢15.48 to one US dollar. This rating is courtesy of the Forbes currency calculator According to the Bank of Ghana, the CediContinue Reading
Ecobank Ghana continued to remain the biggest bank in Ghana with a Tier-1 capital of $228 million at the end of 2024, The Banker’s Top 100 African Banks for 2024 has revealed. This was followed by Access Bank Ghana in 2nd position with a capital of $216 million and GCB Bank withContinue Reading
Seven Nigerian banks and two bank holding company Long-Term Issuer Default Ratings (LT IDRs) would likely be upgraded if Nigeria’s sovereign LT IDRs (B-/Positive) were upgraded and the entities maintained stable financial profiles. According to Fitch Ratings, the Positive Outlooks on the entities’ ‘B-’ LT IDRs mirror that on theContinue Reading
Governor of the Bank of Ghana (BoG) Dr Johnson Asiama has announced that the central bank will be represented on the board of the Gold Board. He says that the BoG will definitely be part of the Goldbod initiative introduced by the Mahama administration. Answering questions during the 123rd MonetaryContinue Reading
Governor of the Bank of Ghana, Dr Johnson Asiama has said that a huge number of the Ghanaian-owned banks are struggling and need support to be able to compete with the foreign-owned banks. Dr Asiama says that the central bank is currently focused on how to strengthen these banks toContinue Reading
Prof. Isaac Boadi, Executive Director of the Institute of Economic Research and Public Policy (IERPP) and the Dean, Faculty of Accounting and Finance, has called for an enhanced harmonious relationship between the Bank of Ghana (BoG) and the Ministry of Finance (MoF). His assertion is based on the recent simultaneousContinue Reading
Importers seeking to send goods to Nigeria are increasingly turning to other West African nations to evade excessive port charges. In less than a month, multiple government agencies, terminal operators, and shipping companies at Nigerian ports have raised their fees by nearly 100%, making cargo clearance unaffordable for many businesses.Continue Reading