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IMF says BoG’s multi-billion cedi losses were part of economic recovery

Finance

IMF says BoG’s multi-billion cedi losses were part of economic recovery: What We Know

The International Monetary Fund (IMF) has defended the Bank of Ghana (BoG)’s massive financial losses, stating that its aggressive policy actions were necessary to stabilise the ec

25 May 2026 / Source: myjoyonline.com Read

The losses were necessary – IMF backs BoG’s costly economic rescue

Finance

The losses were necessary – IMF backs BoG’s costly economic rescue: What We Know

IMF Mission Chief Ruben Atoyan has stated that the costs were necessary to stabilise Ghana’s economy after years of severe macroeconomic distress.

25 May 2026 / Source: myjoyonline.com Read

People on the ground recognise the gains – IMF backs BoG strategy

Finance

People on the ground recognise the gains – IMF backs BoG strategy: What We Know

IMF Mission Chief Ruben Atoyan insists the central bank acted prudently despite the operational losses recorded in its 2025 financial statements.

25 May 2026 / Source: myjoyonline.com Read

Bank of Ghana was not too aggressive – IMF defends tight policy measures

Finance

Bank of Ghana was not too aggressive – IMF defends tight policy measures: What We Know

The International Monetary Fund (IMF) has defended the Bank of Ghana’s aggressive monetary tightening measures despite the central bank recording a staggering GH¢15.6 billion loss

25 May 2026 / Source: myjoyonline.com Read

BoG policy rate hold confirms inflation to trend upwards – IC Insights

Finance

BoG policy rate hold confirms inflation to trend upwards – IC Insights: What We Know

However, it pointed out that the continued fiscal discipline, relative exchange rate stability, and lower Value Added Tax (VAT) rate will cap inflation below 10.0% by the end of 20

24 May 2026 / Source: myjoyonline.com Read

Slump continues as cedi becomes worst-performing currency in sub-Saharan Africa in 2026

Finance

Slump continues as cedi becomes worst-performing currency in sub-Saharan Africa in 2026: What We Know

Ghana's cedi, which has suffered a steady decline in recent weeks, has now become the worst-performing currency in sub-Saharan Africa and one of the worst performers on the contine

24 May 2026 / Source: myjoyonline.com Read

BoG losses will not recur at last year’s scale — Governor Asiama assures

Finance

BoG losses will not recur at last year’s scale — Governor Asiama assures: What We Know

Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has assured the public and investors that the significant operating and Other Comprehensive Income (OCI) losses incur

24 May 2026 / Source: myjoyonline.com Read

GN Savings and Loans to reopen first branch in Elmina – Nduom

Finance

GN Savings and Loans to reopen first branch in Elmina – Nduom: What We Know

The historic town of Elmina is set to host the very first operational branch of GN Savings and Loans as it prepares to reopen its doors to the public.

24 May 2026 / Source: myjoyonline.com Read

BoG pushes for integrated African payment systems to boost trade — Dr Asiama

Finance

BoG pushes for integrated African payment systems to boost trade — Dr Asiama: What We Know

The Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, has called for integrated payment and settlement systems across Africa to support trade, deepen financial inclus

24 May 2026 / Source: myjoyonline.com Read

Restoring GN Savings and Loans will be difficult after years of asset disposal — Dr Kweku Ndoum

Finance

Restoring GN Savings and Loans will be difficult after years of asset disposal — Dr Kweku Ndoum: What We Know

President of Groupe Ndoum, Dr Nana Kweku Ndoum, has acknowledged that rebuilding GN Savings and Loans will be a complex process, citing the disposal and destruction of some of the

23 May 2026 / Source: myjoyonline.com Read

Misrepresentation of GN Bank’s financial position led to collapse – Dr Kweku Nduom

Finance

Misrepresentation of GN Bank’s financial position led to collapse – Dr Kweku Nduom: What We Know

President of Groupe Ndoum, Dr Kweku Ndoum, has alleged that deliberate falsehoods about the financial health of GN Bank contributed significantly to the institution's eventual coll

23 May 2026 / Source: myjoyonline.com Read

Collapse of GN Bank led to loss of over 4,500 jobs — Dr Kweku Ndoum

Finance

Collapse of GN Bank led to loss of over 4,500 jobs — Dr Kweku Ndoum: What We Know

President of Groupe Ndoum, Dr Nana Kweku Ndoum, has revealed that more than 4,500 direct and indirect jobs were lost following the collapse of GN Bank in 2019.

23 May 2026 / Source: myjoyonline.com Read