FABAG Blames Rising Smuggling on High Import Duties.
The Freight Forwarders and Border Agents Association of Ghana (FABAG) has attributed the growing trend of goods smuggling to Ghana’s high import duty rates. The group warns that the country is losing significant revenue as traders divert shipments to neighboring ports with lower tariffs. FABAG is calling on the government to review its import tax structure to make Ghana’s ports more competitive and curb the surge in illegal trade activities.
Bank of Ghana Deepens Market Development Reforms to Boost Financial Integration and Trade
The Bank of Ghana is partnering with the World Bank, Afreximbank, and Development Bank Ghana to expand credit access and align its financial infrastructure with the Pan-African Payment and Settlement System. Reforms include FX market modernization, NOP limit revision, and ISO 20022 upgrades.
Digital Is Banking”: Bank of Ghana Governor Calls for Trust and Innovation in Financial Transformation
Bank of Ghana Governor Dr. Johnson Asiama says digital finance is redefining banking in Ghana, with mobile money transactions surpassing GHS 300 billion in 2024. He calls for ethical AI use, strong cybersecurity, and open banking standards to build a trusted financial ecosystem.
Ghana Cedi Poised for Historic First Annual Gain Against US Dollar
The Ghana cedi is poised for its first annual appreciation since 2007, up 36% year-to-date. Bank of Ghana auction data shows stable 56-day bill yields averaging 21.42%, reflecting investor confidence and monetary stability.
Cedi Stages Remarkable Comeback, Erases Q3 Losses Against the U.S. Dollar.
The Ghanaian cedi has rebounded strongly in October 2025, appreciating 37% year-to-date after major interventions by the Bank of Ghana. Analysts cite renewed inflows and tighter FX management as key factors.
IMF and Moody’s Endorse Ghana’s Economic Recovery
The IMF and Moody’s have reaffirmed confidence in Ghana’s economic reforms, citing stronger growth, reduced debt, and fiscal stability. Analysts urge continued vigilance amid external and structural challenges.
Bank of Ghana Lifts Suspension on UBA’s Forex Trading License
The Bank of Ghana has reinstated UBA Ghana’s foreign-exchange license after the bank fulfilled regulatory conditions and implemented corrective measures.
Ghana’s Economy “Firmly on Track,” Says Finance Minister Ato Forson at IMF–World Bank Meetings
At the 2025 IMF/World Bank Meetings, Ghana’s Finance Minister Dr. Ato Forson assured investors that the economy is stabilizing and called for reforms to the global financial architecture to empower Africa.
AGOA’s Endgame: What the Expiry of the U.S.–Africa Trade Pact Means for 32 Nations
With AGOA set to expire in September 2025, African exporters face uncertainty and U.S.–Africa trade enters a critical juncture.
IMF Warns of Mounting Debt and Slow Growth in Sub-Saharan Africa, Urges Stronger Tax Reforms
The IMF urges African nations to modernize tax systems and rebuild fiscal buffers amid rising debt, trade uncertainty, and slowing global growth.