The Bank of Ghana has entered into a strategic partnership with the National Bank of Rwanda and Singapore’s Global Financial Technology Network to initiate the Next-Gen Digital Payment Infrastructure Project (DPI). This ambitious venture represents a significant advancement in establishing a robust, innovation-driven framework for cross-border digital payments throughout Africa. Dr. Johnson Pandit Asiamah, Governor...

Ghana’s Auditor-General has revealed the recovery of GH¢12.7 billion from disallowed expenditures spanning the years 2020 to 2023. This achievement highlights the office’s dedication to enhancing accountability and ensuring the proper utilisation of public funds. The announcement was made during a press conference presenting the Auditor-General’s annual report, which detailed financial recoveries and initiatives aimed...

The Bank of Ghana has issued a stern warning to the public regarding individuals and groups masquerading as foreign investors, luring unsuspecting citizens with the allure of high investment returns. In a public announcement dated 9th May 2025 and signed by the Bank’s Secretary, Ms. Sandra Thompson, the central bank highlighted that these so-called investors...

An economic analyst attributed the recent appreciation of the Ghanaian cedi to increased dollar inflows from unprecedented gold exports; an occurrence which got restored confidence in the economy due to prudent fiscal and monetary measures. According to the analyst, the cedi’s strength was not primarily due to gold reserve accumulation, which only increased by 1...

The Government of Ghana, through the Ghana National Gas Company Limited, is preparing to embark on the construction of a second gas processing facility, referred to as GPP2. This development was revealed by the Minister of Energy and Green Transition, John Abdulai Jinapor, during the Africa Energy Forum held in conjunction with the 2025 Offshore...

On May 8, 2025, Ghana’s national currency, the cedi, experienced a slight appreciation against several key international currencies, reflecting a sense of cautious optimism regarding the nation’s economic prospects. The Bank of Ghana reported the following interbank exchange rates: These rates serve as a standard for foreign exchange dealings within the country. However, it is...