3 strikes and you’re out: BoG’s new cheque rules that could change how you pay forever
The Bank of Ghana (BoG) has announced stringent new sanctions against customers who issue dud cheques, introducing escalating penalties that include a three-year ban on cheque issuance and restrictions on access to new credit facilities for repeat offenders. In a notice issued on June 24, the central bank expressed “grave concern” over the high incidence […]
Ghana Cedi surges 6% in two weeks amid BoG FX support
The Ghana cedi staged a strong recovery over the past two weeks, with year-to-date losses narrowing sharply to about 6% from nearly 11%. The local currency’s resurgence was driven by robust FX supply from the Bank of Ghana, which helped ease market pressures and dampen speculative demand that had weighed on the currency in recent […]
SEC sets Aug 31 deadline for online investment platform registration
The Securities and Exchange Commission (SEC) has directed market operators, fintech service providers, and persons operating online investment and trading platforms to complete their registration and licensing process with the regulator by August 31, 2026. This is part of efforts to strengthen investor protection and enhance oversight of digital investment activities in Ghana. The directive, […]