Bank of Ghana — Ghana's central bank, managing monetary policy, financial regulation, and economic oversight, recently praised for inflation reduction and international reserve accumulation.
The Wa Community Cooperative Credit Union has transitioned to direct regulation by the Bank of Ghana after its total assets grew from GH¢67.3 million to GH¢89.9 million. The union is launching digital banking tools including USSD and mobile app, relaxing loan eligibility requirements, and rolling out agency banking services.
Why it matters
Wa Community Cooperative Credit Union's transition to Bank of Ghana oversight and digital services launch expands financial inclusion in the region.
The Wa Community Cooperative Credit Union has transitioned to direct regulation by the Bank of Ghana after its total assets grew from GH¢67.3 million to GH¢89.9 million. The union is launching digital banking tools including USSD and mobile app, relaxing loan eligibility requirements, and rolling out agency banking services.
The government failed to meet its treasury bills target for the sixth consecutive week, receiving bids of GH¢4.43 billion against a GH¢4.47 billion target. The yield on the 182-day bill rose by 6.0 basis points to 6.96%, while the 91-day yield fell 2.0 basis points to 4.92% and the 364-day yield held at 10.12%.