Author: Admin

As financial sector credit systems and management keep changing, the Bank of Ghana is putting in place policies and regulatory reforms to strengthen the legal framework governing its Collateral Registry Department. The Bank has explained that the Collateral Registry has become an integral part of Ghana’s financial infrastructure, supporting secured lending and enhancing credit risk management. The First Deputy Governor Dr. Zakari Mumuni, speaking on behalf of the Governor at the 15th anniversary of the registry indicated that the Bank is pursuing additional measures to improve operational efficiency within the department. “As we look ahead, our vision for the Registry…

The Executive Director of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has questioned Ghana’s oil policy direction, warning that exporting crude oil only to import finished petroleum products is weakening national economic sovereignty. He warned that Ghana’s failure to integrate its oil value chain is bleeding the economy and enriching foreign economies at the expense of its own citizens. “If as a country with hydrocarbons we cannot integrate the upstream, midstream and downstream to give our people competitive advantage, then I don’t know what we are doing,” Mr noted while speaking at the 2025 Citi Business Forum held last…

Ecobank Ghana has recorded an exceptional financial performance even by its own customarily exemplary standards for the 2024 financial year, reporting a record high pre-tax profit of GHc2.4 billion, this being a 139.3% increase over its profit for 2023. Profit after tax similarly rose, to GHc1.7 billion, up from GHc632.7 million in the previous year. The performance fulfilled the potential shown from the very first quarter of last year, demonstrating the bank’s ability to drive increasing revenue generation and contain costs to generate increased profitability. At the bank’s Annual General Meeting held at its head office auditorium last week, Ecobank declared…

Going forward, new corporate debt issuances to be listed on Ghana’s capita markets will be given formal investment ratings to guide potential investors as to the credibility and safety of the debt issues being offered them. The ratings will apply to debt securities issuances on the main board of the Ghana Stock Exchange (GSE); the Ghana Alternative Stock Exchange (GAX) established for smaller companies that do not meet the listing requirements of the GSE itself; and the Ghana Fixed Income Market (GFIM) where both corporate and government debt securities are traded. Ms Abena Amoah, Chief Executive Officer of the GSE…

Last week, the Ghana Statistical Service revealed that the national economy grew in size by 5.3% over the 12 month period up to the end of the first quarter of 2025. This shows faster growth during the first quarter of this year than the 4.9% growth in Gross Domestic Product (GDP) achieved the full year, 2024, and just as importantly, it far outstripped government’s economic growth target of a minimum of 4.0% for this year. This latest data suggests that indeed, the claim made (prematurely) a year ago that Ghana’s economy has turned the economy is proving to be true.…

More than 65,000 civil servants across Ghana are poised to lay down their tools within the next 14 days over government’s failure to implement a revised conditions of service agreement and a new salary structure. Executive Secretary of the Civil and Local Government Staff Association of Ghana (CLOGSAG), Dr. Isaac Bampoe Addo, says government has failed to honour a signed agreement from last year that was scheduled for implementation in January 2025. Despite holding five separate meetings with the Ministry of Labour, the commitments remain unfulfilled. “Now we have a situation even media people are calling us asking CLOGSAG executives…

The Ministry of Education has announced the inclusion of 25 private senior high schools in the 2025 Computerised School Selection and Placement System (CSSPS) under the Free SHS policy, marking the first time private schools have been added to the flagship programme. The move is expected to improve access to quality second-cycle education, especially in areas where existing public SHSs are unable to admit all qualified students. The selected private institutions, designated as Category E schools, are co-educational day schools located across all 16 regions. They offer a wide range of academic programmes, including General Arts, General Science, Business, Technical,…

The family of Stephen Ayensu Ntim, National Chairman of the New Patriotic Party (NPP), has called for his temporary withdrawal from all party responsibilities, citing declining health and the pressing need for medical care and rest. In a letter dated 16 June 2025 and addressed to the Chairman of the NPP Council of Elders, the family commended Mr. Ntim’s longstanding service to the party, recalling his contributions from his early days as First National Deputy Chairman to his current leadership. Despite this legacy, the letter expressed deep concern about his well-being, stating that he is “not well at the moment”…

Fitch Ratings has projected that Ghana’s public debt will fall to 60% of GDP in both 2025 and 2026, citing strong nominal GDP growth, fiscal consolidation, ongoing debt restructuring, and a faster-than-expected appreciation of the cedi in recent months. This marks a significant decline from the 72% recorded in 2024 and the peak of 93% in 2022, when Ghana signalled its intent to default. Despite this progress, the UK-based agency pointed out that the projected 60% figure remains higher than its 2026 ‘B’ median forecast of 51%. The development follows Fitch’s recent upgrade of Ghana’s Long-Term Foreign-Currency Issuer Default Rating…

Former Finance Minister Ken Ofori-Atta has successfully undergone prostate cancer surgery at the Mayo Clinic in Rochester, Minnesota. The robotic-assisted procedure, which lasted four hours, was carried out on Friday, 13 June 2025, according to a statement issued by his wife, Professor Angela Ofori-Atta. The statement noted that medical professionals are pleased with the outcome and that Mr. Ofori-Atta is currently on a postoperative care plan. Describing the period as a “difficult” one, Prof. Ofori-Atta pointed to the added stress from a red alert issued by the Office of the Special Prosecutor (OSP) during the same time. Nonetheless, she shared…