Eurozone inflation slows to 1.7% in January
Eurozone inflation eased to 1.7% in January, according to preliminary data released Wednesday by Eurostat. Economists surveyed had also anticipated […]
Currencies
As of December 2025, Two Banks Remain Undercapitalized – BoG
The Bank of Ghana has confirmed that two banks UMB and Prudential Bank Ghana remained undercapitalised as of December 2025.
Zodiac Gold to Invest $6.1 Million in Exploration of Liberia’s Todi Gold Project
Canadian gold exploration firm Zodiac Gold Inc. has kicked off its 2026 exploration activities at the Todi Gold Project in Liberia, committing $6.1 million to drilling and trenching at the Ben Ben target.
Ghana forfeits $54bn to trade-related illicit flows over a decade
Ghana forfeited an estimated US$54.1 billion to trade-related illicit financial flows between 2013 and 2022, ranking third among Africa’s most affected countries, according to a Global Financial Integrity report. The findings highlight widespread trade misinvoicing, particularly in key export sectors such as gold, cocoa and oil, and warn that without urgent reforms, the losses will continue to undermine the country’s development and economic sovereignty.
Gold and Silver Prices Fall Sharply Following Friday’s Decline
Gold and silver prices plunged further after a recent rally pushed both metals to record highs. Spot gold fell over 9% to $4,403 an ounce, while silver dropped 15% below $72. Analysts say the sell-off was triggered by Kevin Warsh’s nomination as US Federal Reserve chair, alongside profit-taking after weeks of parabolic gains.
Zenith Bank Names Charles Boakye Nimako as New Board Chairman
Zenith Bank (Ghana) Ltd has announced the appointment of Charles Boakye Nimako as its new Board Chairman. He succeeds Mrs Freda Yahan Duplan, who has led the Board since 2020, marking a new phase in the Bank’s leadership and governance.
Naira faces tougher U.S Dollar Era under potential Fed Chair Kevin Warsh
The Nigerian naira faces a new threat from Kevin Warsh, President Trump’s nominee for chair of the US Federal Reserve.
Part of our gold reserves was liquidated into FX assets, not written down – BoG
The Bank of Ghana (BoG) has insisted that the country has not been short-changed following the recent liquidation of a
BoG resets microfinance rules, raises capital and sets 2026 deadline
The Bank of Ghana has rolled out a far-reaching reform of the microfinance sector, raising minimum capital requirements, restructuring the
Bank of Ghana cuts policy rate to 15.5%
The Bank of Ghana (BoG) has, by a majority decision, reduced the Monetary Policy Rate (MPR) from 18% to 15.5%,