… The bank explained that Fidelity Securities Limited is a fully licensed and regulated investment and asset management company operating under the supervision of Ghana’s Securities and Exchange Commission Ghana. …
… This article examines green finance from a legal and regulatory perspective, both globally and within Ghana, with particular focus on the roles of the Ghana Stock Exchange, the Bank of Ghana, and the Securities and Exchange Commission. …
Societe Generale Ghana PLC reported a profit after tax of GH¢397 million for the 2025 financial year, attributed to improving macroeconomic conditions and growing investor confidence in the banking sector. The bank's share price rose 199 percent during the year as the banking sector's non-performing loan ratio declined to 18.9 percent from 21.8 percent in 2024.
Societe Generale Ghana PLC reported a profit after tax of GH¢397 million for the 2025 financial year, attributed to improving macroeconomic conditions and growing investor confidence in the banking sector. The bank's share price rose 199 percent during the year as the banking sector's non-performing loan ratio declined to 18.9 percent from 21.8 percent in 2024.
Ghana's government is appealing to diaspora members, particularly in the United Kingdom, to channel a portion of record US$7.8 billion annual remittances into productive investment and export-led growth under the 24-Hour Economy and Accelerated Export Development Programme. Presidential Adviser Augustus Goosie Tanoh said the diaspora's 2025 remittances were up from around four billion six years ago and now exceed official development assistance and foreign direct investment combined.
Ghana's Securities and Exchange Commission is laying regulatory groundwork to licence independent custodians for gold-backed tokens under the Virtual Assets Service Providers Act, with plans to extend tokenisation to real estate, diamonds, and bauxite. The regulator is building a post-custody framework requiring vault operators to undergo inspections before holding physical gold underpinning digital tokens.
Senior financial sector figures at The Money Summit 2026 agreed that Ghana has restored macroeconomic stability after a difficult adjustment period, with inflation falling to 3.4 percent and interest rates declining significantly, but warned that significant structural weaknesses continue to threaten the recovery's sustainability.
The Ghana Gold Board has advocated gold tokenisation to deepen capital formation and broaden investment opportunities, enabling Ghanaians to own fractions of gold through digital tokens starting from as little as GH¢15. The Board also noted that Ghana's gold exports rose from about 63.8 tonnes in 2024 to nearly 104 tonnes in 2025, with the ASM sector contributing almost half of total exports, though the country lacks local refining capacity to maximise value.
The Financial Stability Council has intensified reforms aimed at reducing risks and strengthening Ghana's financial sector through increased regulatory cooperation, technical team training, and new monitoring systems for virtual assets. The FSC is also preparing for Ghana's third Mutual Evaluation by GIABA to strengthen financial security measures against money laundering and terrorism financing.
At the ACI Financial Markets Association World Congress in Accra, Bank of Ghana Governor Dr. Johnson Asiama argued that financial markets are being redesigned in real time by emerging economies rather than imposed upon them, marking a shift from the traditional tone of reassurance adopted by central bank governors from emerging economies at international forums.
The Bank of Ghana is working with the Securities and Exchange Commission, National Insurance Commission, and National Pensions Regulatory Authority to develop a sustainable finance roadmap to ensure green finance practices are aligned across the financial sector. The BoG is implementing a 10-point sustainability plan and emphasizes integrating environmental, social, and governance risks into financial institutions' core activities and long-term objectives.
The Ghana Stock Exchange is experiencing its most active period of primary equity issuance in nearly a decade, with three IPOs—First Atlantic Bank, ZEN Petroleum, and Kasapreko—set to add around GH¢10.88 billion to the exchange's total market capitalisation. The three listings together account for approximately 4 percent of the market cap.
Ghana's Securities and Exchange Commission says it is positioning virtual assets and financial technology as a key driver of capital market development, with plans to begin licensing fintech firms by the end of 2026. The SEC is working with the Bank of Ghana to develop a long-term framework for virtual assets while balancing financial innovation with investor protection and market stability.
Fidelity Bank Ghana has issued a public notice stating it has no relationship with "Fidelity Capital Investment Group" and that neither the bank nor its subsidiary Fidelity Securities Limited are affiliated with the entity. The bank urged the public to exercise caution and verify the regulatory status of investment institutions directly with the Securities and Exchange Commission.
On inauguration day, Ghana's Presidential Transitions Act automatically removes all board members from every state-owned enterprise simultaneously, requiring the new government to undertake months-long appointment cycles that consume significant political energy and administrative bandwidth.
Dangote Petroleum Refinery and Petrochemicals, valued at $40B to $50B, will undergo a cross-border initial public offering on multiple African stock exchanges this year, becoming the continent's largest IPO and the first to list simultaneously across multiple African exchanges. The listing follows a meeting of the Nigerian Exchange Group and African Securities Exchanges Association members, positioning it as a test case for cross-border capital formation across African markets.
Green finance—financial flows directed toward environmentally sustainable projects—depends on legal clarity, regulatory enforcement, and institutional coordination to be effective. Its success requires a clear definition of "green" activities, standardized disclosure obligations, and enforceable compliance mechanisms, with Ghana's regulatory bodies including the Ghana Stock Exchange, Bank of Ghana, and Securities and Exchange Commission playing key roles.