SEC grants first domestic credit rating licence

The Ghana Cocoa Board (COCOBOD) has settled GH¢162 million in outstanding obligations owed to individual holders of Cocoa Bills who did not participate in the government’s Domestic Debt Exchange Programme (DDEP).

The Securities and Exchange Commission (SEC) has cautioned the public against investing in platforms operating under the names Yepbit Exchange and Bonchat, describing them as suspected fraudulent investment schemes that are not licensed to operate in Ghana.

The Controller and Accountant-General’s Department (CAGD) has dismissed claims circulating on social media that Government has already spent almost GH¢11 billion on the Accra-Kumasi Expressway project, describing the assertion as a misunderstanding of Government accounting procedures.

Fraud within Ghana’s traditional banking sector declined sharply in 2025, but a surge in electronic fraud at Payment Service Providers (PSPs) pushed overall financial sector fraud to a record high.