Debunking credit card myths

The Bank of Ghana (BoG) is preparing to introduce a liquidity coverage ratio (LCR) requirement for banks as part of efforts to strengthen liquidity risk management and ensure lenders can withstand future financial shocks.

Advans Ghana Savings and Loans is targeting a near-doubling of its customer base to 300,000 entrepreneurs by 2030, alongside a GH¢1.5billion gross loan portfolio and GH¢1.2billion in deposits, as the financial institution embarks on its next phase of expansion.

Absa Bank Ghana LTD’s InspireME 2026 conference brought together women entrepreneurs, business leaders and professionals to explore business growth, innovation, access to opportunities and sustainable enterprise development.

The Bank of Ghana (BoG) has urged fintech companies to move beyond expanding access to digital wallets and focus on increasing their actual use for payments, as SaoPay begins operations as a new Dedicated Electronic Money Issuer (DEMI).

GCB Bank is using transaction data generated by micro, small and medium-sized enterprises (MSMEs) to extend unsecured loans of up to GH¢1 million, seeking to overcome poor record-keeping and documentation gaps that often restrict their access to formal credit.

Sao Pay has officially commenced operations in Ghana as a Dedicated Electronic Money Issuer (DEMI), positioning the country as a key hub for its planned expansion across Africa and international payment corridors.

With nearly two million young Ghanaians estimated to be outside employment, education or training, the question is increasingly shifting from how many young people can be educated to whether education can translate into jobs, productivity and sustainable livelihoods.

The Minerals Income Investment Fund (MIIF) has called for stronger cyber resilience across Ghana’s mining sector, stressing that the protection of Operational Technology (OT) and Industrial Control Systems (ICS) is critical to ensuring safe, secure and sustainable mining operations.