BoG reviews non-interest banking license applications for two banks
The Bank of Ghana (BoG), banking sector regulator, is currently reviewing the license applications for non-interest banking operations of two
Currencies
South African rand steady as investors brace for inflation data, rate decision
The South African rand was steady in early trade on Monday as investors awaited this week’s inflation data and the
Cash outside banks rises to N4.87 trillion in August after three-month decline
Cash held outside Nigeria’s banking system rose to N4.87 trillion in August 2026, reversing three consecutive months of decline. This
Nigeria’s Portfolio inflows surge 14.4% to US$6.03 billion in Q1 2026
Nigeria’s financial account recorded portfolio investment inflows of $6.03 billion in the first quarter of 2026, the dominant component of
Naira gains ground as CBN war chest hits $54 billion
The Nigerian Naira showed resilience this past week, testing the N1,302/$–N1,315/$ range at the official exchange window, thereby establishing a
Ethiopia spends $2.2 billion defending its currency as birr hits a record low, weakest among 23 African currencies
Ethiopia has spent about $2.2 billion this year trying to support its weakening currency, but the intervention has so far
Ghana rises to sixth-largest gold producer globally after record 2025 output
Ghana has risen to sixth place among the world’s largest gold-producing countries after recording a significant increase in production in
US dollar falls to 10-week low as weak economic data weighs on Fed rate outlook
10-year US Treasury yield drops to around 4.68% after retail sales, employment figures signal softer economic activity The US dollar
Zimbabwe limits gold-buying incentives to $300 million as it weighs the cost of backing its currency
Zimbabwe will cap government spending on its gold-buying incentive scheme at $300 million this year and review the program as
Bank loans alone cannot drive expansion; firms must tap capital markets — ABSA
The Head of Trading, Global Markets at Absa Bank Ghana Limited, Andrews Akoto, has urged businesses in Ghana, particularly those