Banking & Finance

The Bank of Ghana (BoG) has intensified efforts to clamp down on undeclared cross-border movements of foreign currency,

Universal Merchant Bank (UMB) has become the first bank in Ghana to receive approval from both the Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) to offer virtual accounts to eligible businesses operating within the emerging virtual asset ecosystem.

The Ghana Association of Savings and Loans Companies (GHASALC) is developing an inclusive instant payment platform together with GHAMFIN and CUA

GCB Bank has welcomed the inauguration of the Non-Interest Financial Advisory Council (NIFAC) by the Bank of Ghana, describing it as an important milestone in Ghana’s journey towards a more inclusive, innovative and diversified financial system.

The Bank of Ghana is using Artificial Intelligence and machine-learning tools to strengthen inflation and growth forecasts as it seeks to reduce the time it takes for policymakers to identify shifts in economic conditions and respond to emerging risks.

The Bank of Ghana (BoG) and Securities and Exchange Commission (SEC) have inaugurated a Virtual Asset Coordination Committee to strengthen oversight of Ghana’s fast-growing digital asset market, as regulators prepare to fully operationalise the Virtual Asset Service Providers Act by 2027.