Finance
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How financial institutions drive SME access to finance in Africa
When Jasent Enterprise asked their bankers for GHS 50,000 to restock their trade, the answer was no. No audited books. No land title. Too risky. Last month, they tried again. This time, the CEO’s Ghana Card and two years of MoMo transactions got her approval in 48 hours. Jasent’s story shows Africa’s big contradiction:...
Patrick Boamah accuses Finance Minister of contradicting procurement reforms with constituency projects
The Member of Parliament for Okaikwei Central, Patrick Yaw Boamah, has accused Finance Minister Dr Cassiel Ato Forson of violating the same public procurement reforms proposed in the 2026 Mid-Year Budget Review. Contributing to the parliamentary debate on the Mid-Year Budget Review presented last Thursday, Mr Boamah qu...
Bank of Ghana orders financial institutions to stop supporting unauthorised USD wallet services
The Bank of Ghana (BoG) has directed banks, payment service providers and other regulated financial institutions to immediately cease supporting unauthorised foreign currency wallet services, particularly United States Dollar (USD) wallets offered by some cryptocurrency platforms operating in Ghana. In a supervisory di...
Where is the GH¢25.3 million difference? NPP fires questions at Finance Ministry
The opposition New Patriotic Party (NPP) has criticised the Ministry of Finance, accusing the government of engaging in fiscal propaganda and deliberately misleading Ghanaians with inflated budgetary statistics regarding fund releases to the agricultural sector.
Finance Ministry defends GH¢1.6 billion release to Agriculture Ministry
The Ministry of Finance has maintained that it has released more than GH¢1.6 billion to the Ministry of Food and Agriculture (MoFA), representing 85 per cent of the ministry’s 2026 budget allocation for Goods and Services and Capital Expenditure (CAPEX). The clarification follows a dispute between the two ministries af...
2026 Mid-Year Budget: Minority vows to block fresh funding request
The Minority in Parliament has served notice that it will oppose any request by the Finance Minister, Dr Cassiel Ato Forson, for additional funding when he presents the 2026 Mid-Year Budget Review to Parliament today.
2026 mid-year budget: Government records 17% rise in customs revenue through AI reforms – Ato Forson
Finance Minister Dr. Cassiel Ato Forson says the government’s deployment of artificial intelligence (AI) in customs administration has increased monthly customs revenue by approximately 17 per cent, while strengthening compliance and reducing revenue leakages. Presenting the 2026 Mid-Year Budget Review in Parliament on...
2026 mid-year budget review: Ghana’s economy surpasses $100bn for first time – Ato Forson
Finance Minister Dr. Cassiel Ato Forson has announced that Ghana’s economy has exceeded the $100 billion mark for the first time in the country’s history, describing the milestone as evidence of the country’s strong economic recovery. Presenting the 2026 Mid-Year Fiscal Policy Review in Parliament on Thursday, July 23,...
Gov’t has recapitalised banks, restored confidence in financial sector – Ato Forson
Finance Minister Dr Cassiel Ato Forson says government has taken decisive steps to restore confidence and stability in Ghana’s financial sector through the recapitalisation of key banks and measures to strengthen financial institutions.
The honeymoon is over – Amin Adam reacts to 2026 Mid-Year Budget Review
Former Finance Minister Dr Mohammed Amin Adam has accused the government of losing public goodwill, saying the 2026 Mid-Year Budget Review shows that its early optimism has given way to economic realities. Dr Amin Adam, who is the Ranking Member on Parliament’s Finance Committee and MP for Karaga, made the comments whi...
Ecobank makes history with World’s first Commercial Bank Nature Bond on London Stock Exchange
Ecobank has achieved a major milestone for African finance with the listing of its US$450 million Sustainable Agriculture & Natural Capital Bond on the London Stock Exchange. The bank marked the occasion with a Market Open Ceremony, calling the transaction a breakthrough for sustainable investing on the continent. The...
Nduom: GN Savings and Loans to reopen first branch in Elmina
GN Savings and Loans will reopen its first branch in the coastal town of Elmina as part of a phased nationwide return following a court ruling that overturned the revocation of the institution’s operating licence, the company’s founder said on Saturday. Papa Kwesi Nduom, President of Groupe Nduom, announced the plan du...