Bank of Ghana

Also known as: the Bank of Ghana · the Central Bank · former Bank of Ghana

Bank of Ghana — central bank regulating Ghana's banking sector, addressing financial crime, non-interest banking, and monetary policy as of 2026.

2026-04-262026-09-14

In coverage

Verbatim sentences from the source article.

September 2026
3 SeptThe Ghanaian Times
The quality of data available to policymakers remains critical to Ghana’s ability to make sound decisions, manage the economy effectively and accelerate national development, the First Deputy Governor of the Bank of Ghana (BoG), Dr Zakari Mumuni, has said. …
Quality data key to better decisions, national development – BoG Deputy Governor
3 SeptThe Ghanaian Times
… And as banks, our foundation is trust,” he said, noting that banks share information on incidents and emerging fraud tactics with the Bank of Ghana (BoG), the police and the Cybersecurity Authority (CSA), as well as among themselves. …
At 2026 NCSAM launch: Banks are frontline partners to combat financial fraud -GAB
3 SeptJoy Online
… Advans Ghana Savings and Loans Ltd is licensed by Bank of Ghana, it is one of the leading savings and loans companies in Ghana, serving over 157,000 clients across the country through a nationwide network of branches and digital channels. …
Advans Ghana pays courtesy call on Ga Mantse
3 SeptJoy Online
The Bank of Ghana (BoG) has significantly reduced the amount of foreign exchange it plans to sell to the market in September 2026. …
BoG slashes September FX support to $500m as GoldBod boosts dollar supply
3 SeptJoy Online
The Bank of Ghana (BoG) has significantly reduced the amount of foreign exchange it plans to sell to the market in September 2026. …
BoG slashes September FX support to $500m as GoldBod directly injects $700m into the market
3 SeptThe Chronicle
The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have warned the public against a fraudulent crypto investment platform known as “Daily Wealth Guide,” which is allegedly promising Ghanaians high returns on their investments. …
BoG Warns Public Against ‘Daily Wealth Guide’ Crypto Scam
3 SeptThe Chronicle
… He urged the government, the Ministry of Finance and the Bank of Ghana (BoG) to engage in further economic policy discussions on how the digital economy, including the e-Levy, could be structured to support national development. …
Economist calls for re-engineering and reintroduction of e-levy
3 SeptThe Chronicle
The Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has assured the public that the introduction of non-interest banking will not create a religious banking system or give any faith preferential treatment in Ghana’s financial sector. …
Non-Interest Banking Will Not Create Religious Banking System –Dr Asiama
3 SeptJoy Online
… In its 10th Ghana Economic Update, the World Bank said the dramatic easing of inflation created room for the Bank of Ghana to embark on a substantial monetary policy easing programme. …
Ghana’s borrowing costs plunge as inflation eases sharply – World Bank
2 SeptJoy Online
… Mr Agbeti said the Bank of Ghana’s 2025 Fraud Report reinforced concerns, revealing that reported fraud cases across banks, specialised deposit‑taking institutions and payment service providers increased by 48 per cent, from 16,733 cases in 2024 to 24,778 cases in 2025, with a to …
Online fraud accounts for 47% of Ghana’s cyber incidents – CSA

Politics

Bagbin urges Ewe diaspora to leverage network for investment

The News

The Speaker of Parliament told the Ewe diaspora at CEANA's 33rd anniversary in Washington, D.C. to move beyond cultural celebration and remittances to use its global network as a catalyst for investment and economic transformation, positioning itself as a bridge connecting local stakeholders with international investors and partners in sectors including agriculture, tourism, and infrastructure.

8 hours ago · Joy Online →

Today

Bagbin urges Ewe diaspora to leverage network for investment
The Speaker of Parliament told the Ewe diaspora at CEANA's 33rd anniversary in Washington, D.C. to move beyond cultural celebration and remittances to use its global network as a catalyst for investment and economic transformation, positioning itself as a bridge connecting local stakeholders with international investors and partners in sectors including agriculture, tourism, and infrastructure.
8 hours ago · Joy Online →
MPC expected to cut policy rate to 12.5% in September 2026
According to Databank Research, the Monetary Policy Committee may cut the policy rate by 150 basis points to 12.5% in September 2026, consistent with inflation correction towards the Bank of Ghana's medium-term target of 8% ± 2%. Inflation reaccelerated to 5.3% in June 2026 from 3.8% in January 2026, though financial conditions have supported credit growth and banking sector capital buffers remain solid.
12 hours ago · Joy Online →
Government exceeds T-bills target marginally; interest rates decline
The government exceeded its GH¢7.9 billion treasury bills target with 2.8% oversubscription, accepting GH¢7.2 billion of GH¢8.1 billion in bids, while yields fell across the 91-day, 182-day, and 364-day bills.
13 hours ago · Joy Online →

Saturday 12 September

Banking sector remains stable with strong capital, liquidity
The Bank of Ghana's macroprudential assessment as of June 2026 found that systemic vulnerabilities within the banking industry remain broadly subdued, with the sector continuing to exhibit strong capitalisation, liquidity, profitability, and asset quality, though downside risks from geopolitical tensions warrant vigilance.
12 September 2026 · Joy Online →

Friday 11 September

Ghana property market rising modestly and unevenly in 2026
Ghana's property market is rising, but at a modest and uneven pace, against a macro backdrop that turned more cautious in mid-2026. Growth is driven by recovery in the first half of the year, with construction cost inflation falling to 3.9 percent year-on-year in January 2026 and lending rates dropping to 16.3 percent by April 2026.
11 September 2026 · Joy Online →
Bank of Ghana inaugurates non-interest banking framework
The Bank of Ghana released guidelines for non-interest banking in January 2026 and inaugurated the Non-Interest Financial Advisory Council in August 2026, promising to issue the first non-interest banking license by year-end. The central bank has consulted Christian organizations to clarify that non-interest banking is not designed to promote one religion over another.
11 September 2026 · Joy Online →
Bank of Ghana bans repeat dud cheque offenders from credit
The Bank of Ghana has announced that customers who repeatedly issue dud cheques will be barred from accessing new credit from banks and financial institutions for one year. Repeat offenders classified after three dud cheques within one year face escalating penalties (10%, 15%, 20% of cheque face value) and a three-year cheque-issuing prohibition, aimed at restoring confidence in cheques as a payment method.
11 September 2026 · Daily Guide →

Thursday 10 September

Ghana Beauty & Wellness Report development launched at stakeholder workshop
A stakeholder workshop has been held to begin developing the inaugural Ghana Beauty & Wellness Report, a comprehensive assessment of the sector's economic contribution, employment, skills development, manufacturing, regulation, and growth prospects. The workshop, organised by Makeup Ghana in collaboration with the University of Ghana, brought together government institutions, regulatory bodies, academia, financial institutions, and industry representatives.
10 September 2026 · Daily Guide →
Bank of Ghana warns against FATF grey list as crime risks rise
The Second Deputy Governor of the Bank of Ghana has warned that the country must strengthen its fight against financial crime to avoid being placed back on the Financial Action Task Force grey list, citing the significant financial costs of such a listing. She noted that Ghana's latest mutual evaluation carries critical implications and highlighted recent collaborative efforts that have resulted in the arrest of 430 people in an intelligence-led operation against illegal online operators.
10 September 2026 · Joy Online →
Digital fraud incidents rise 98 percent between 2022 and 2025
The Bank of Ghana reports that fraud incidents in the digital space increased by 98% between 2022 and 2025, driven by the rapid growth in digital transactions. Overall fraud incidents across the financial ecosystem rose from 16,733 in 2024 to 24,778 in 2025, a 48% increase, with the central bank saying this shift requires a change in strategy to combat financial crime.
10 September 2026 · Joy Online →
Businessman rejects GH¢79.7m court award as excessive
Henry Manly-Spain has rejected a GH¢79.7 million import duty refund awarded to his company by the Accra High Court, stating his actual claim was around GH¢8.95 million and expected to rise only slightly above GH¢10 million with interest. He cited conscience and concern for the nation's ability to provide basic needs as reasons for the rejection.
10 September 2026 · Joy Online →
Ghana's banking sector NPLs decline to GH¢19.9bn
Ghana's banking sector non-performing loans fell to GH¢19.9 billion in June 2026 from GH¢20.7 billion a year earlier, with the industry's NPL ratio improving to 16.1% from 23.1%. Private sector borrowers accounted for 98% of NPLs, while the agriculture, forestry and fishing sector saw its NPL ratio rise to 65.1%.
10 September 2026 · Joy Online →
Bank of Ghana raises dud-cheque penalties to 20 percent
The Bank of Ghana has tightened sanctions against customers who issue dud cheques, with repeat offenders facing penalties of up to 20 per cent of the face value of the cheque and a ban on issuing cheques for at least three years, plus a one-year restriction on accessing new credit facilities.
10 September 2026 · The Chronicle →
Ghana's 2026 GDP growth to exceed 6.5%, Databank forecasts
Databank Research projects Ghana's real GDP growth will exceed 6.5% by end-2026, up from 6.0% in 2025, driven by structural reforms, monetary easing, and recovery in industrial sub-sectors. The firm credits early momentum from Q1 2026's 6.4% year-on-year expansion and forecasts Services sector growth of 8.1%, Agriculture 6.8%, and Industrial 4.9%.
10 September 2026 · Joy Online →

Wednesday 9 September

Governance crucial for SME sustainability in Ghana's informal sector
Governance plays a direct role in whether small and medium enterprises survive, use resources efficiently, attract finance, and respond to market changes. In Ghana, where small enterprises dominate the business sector and many operate informally, effective governance—understood as clear responsibility, financial controls, reliable information, and decision-making rules—is particularly important, though may differ from large corporate structures.
9 September 2026 · Joy Online →
World Bank flags GoldBod as economic risk, Minority seeks inquiry
Ghana's parliamentary Minority has renewed calls for an inquiry into the Ghana Gold Board, citing a World Bank economic update that described GoldBod operations as a "significant and insufficiently monitored risk" to the economy and raised concerns about how gold reserves acquired through the Domestic Gold Purchase Programme are tracked.
9 September 2026 · Joy Online →
Bank of Ghana reaffirms inflation target within medium-term band
The Bank of Ghana has reiterated that inflation will move toward the 8 ± 2% target band in the medium term, unless significant shocks occur, though risks include utility tariff increases, Middle East tensions, and weather impacts on food supplies. The central bank expects appropriate monetary policy, sterilisation efforts, fiscal consolidation, and reserve buffers to mitigate these risks.
9 September 2026 · Joy Online →
Bank of Ghana flags 20 unlicensed mobile loan apps
The Bank of Ghana has identified 20 mobile loan applications operating without required licences or authorisation, citing violations of customer data privacy, consumer protection, and regulatory standards. The central bank advised the public against engaging with these unlicensed providers and cautioned banks and payment service providers against facilitating transactions for them.
9 September 2026 · Joy Online →

Tuesday 8 September

President Mahama inaugurates five-member Independent Fiscal Council
President John Mahama has inaugurated a five-member Independent Fiscal Council with a four-year mandate to provide independent oversight of the country's fiscal policy and scrutinise the Government's fiscal decisions. The Council is chaired by Dr Emmanuel Oteng Kumah and includes former Bank of Ghana Governor Dr Henry Kofi Wampah, among others, and will assess compliance with fiscal rules and provide recommendations in the national interest.
8 September 2026 · Joy Online →
Ghanaian music rivalries drive attention, creativity, and commercial gains
Competition and "beef" between Ghanaian artistes have long been part of the music industry, sharpening creativity and providing media attention, though tensions can escalate when artistic rivalry becomes personal conflict involving lawyers and divided fan bases. The ongoing rivalry between Shatta Wale and Stonebwoy exemplifies how such contests reflect both the brilliance and absurdity of Ghana's entertainment ecosystem.
8 September 2026 · Joy Online →
Makeup Ghana launches inaugural beauty and wellness industry report
Makeup Ghana and the University of Ghana's College of Humanities have begun developing the first Ghana Beauty & Wellness Report, a comprehensive assessment of the nation's beauty and wellness sector. The report aims to fill a gap in reliable industry data by providing analysis of the sector's economic contribution, business landscape, workforce, consumer trends, and investment opportunities.
8 September 2026 · Joy Online →
CIB Ghana launches 2026 Ghanaian Banker Magazine edition
The Chartered Institute of Bankers, Ghana has launched the 2026 edition of its flagship "Ghanaian Banker Magazine," a publication documenting the state of Ghana's banking industry and the Institute's role in professional standards. The launch occurred at CBEL Connect, an event attended by alumni, bank executives, and Bank of Ghana officials.
8 September 2026 · Daily Guide →
CIB Ghana launches 2026 Ghanaian Banker Magazine edition
The Chartered Institute of Bankers, Ghana has launched the 2026 edition of the Ghanaian Banker Magazine, its flagship publication on the state of the country's banking industry. The launch event at Alisa Hotel brought together bank chief executives, council members, and Bank of Ghana officials to discuss industry issues.
8 September 2026 · Joy Online →
Ghana's virtual asset market outpaces formal regulatory framework
Ghana's virtual asset market was already operating substantially before the Virtual Asset Service Providers Act passed in December 2025, with Sub-Saharan Africa receiving over US$205 billion in on-chain value between July 2024 and June 2025, up 52% year-on-year, with Ghana among the region's five largest markets.
8 September 2026 · Joy Online →
Repeat dud cheque issuers face credit ban under BoG rules
The Bank of Ghana has issued revised rules under which customers who repeatedly issue dud cheques will be barred from accessing fresh credit for one year and prohibited from issuing cheques for at least three years if classified as repeat offenders. The sanctions include escalating levies: 10% of cheque face value for a first offence, 15% for a second within one year, and 20% for repeat offenders.
8 September 2026 · Joy Online →
Data quality critical for Ghana's policy decisions, BoG Deputy Governor says
The First Deputy Governor of the Bank of Ghana has stressed that the quality of data available to policymakers is essential for Ghana's economic management and national development. He told the Ghana Statistical Association's conference that the country's challenge is no longer a shortage of data, but transforming the abundance of information into reliable and actionable intelligence.
8 September 2026 · The Ghanaian Times →

Monday 7 September

Non-interest banking to complement, not replace existing banks
The Bank of Ghana Governor clarified that non-interest banking is an inclusive, non-discriminatory commercial banking model designed to expand financial services access and provide consumer choice, not an attempt to introduce religion into Ghana's banking system. The central bank consulted with religious groups and stakeholders to ensure the framework reflects the country's religious diversity and will provide regulatory oversight for licensed institutions.
7 September 2026 · Daily Guide →
Broad money supply growth rises to 28.5% year-on-year
The Bank of Ghana reported that annual growth in broad money supply (M2+) increased to 28.5% in June 2026, up from 15.6% in June 2025, driven by increased Net Foreign Assets and Net Domestic Assets, reflecting higher foreign asset accumulation and increased government securities holdings and private sector credit.
7 September 2026 · Joy Online →
Government's 4-year bond raises GH¢3.15bn amid strong demand
Government's latest four-year Treasury bond auction attracted GH¢4.46 billion in bids, of which GH¢3.15 billion was accepted. The bond cleared at 12.00% yield, below pre-auction expectations, with a bid-to-cover ratio of 1.41 times.
7 September 2026 · Joy Online →
Middle East conflict disrupts Ghana's gold export shipments
Ghana's gold export volumes declined marginally in the first half of 2026 due to Middle East conflict-linked shipment disruptions, forcing costly rerouting through Shanghai and India away from traditional UAE routes. Despite the 0.5% volume decline to 2.80 million fine ounces, gold export earnings rose 49% to US$12.50 billion, driven primarily by a 49.7% increase in average gold prices.
7 September 2026 · Joy Online →