Business Outlook Africa

Banking & Finance

Banking & Finance

New Heritage Cedi Notes to Be More Accessible for Persons with Disabilities – BoG

Head of the Currency Management Department at the Bank of Ghana, Dominic Owusu, has stated that the upcoming Heritage Series banknotes, set to launch on November 3, have been designed with improved tactile features to make the currency more inclusive and accessible to persons with disabilities.

Speaking during an engagement with the Federation of Disability Organisations, Owusu said the Bank gave due consideration to the needs of persons with disabilities in developing the new notes, ensuring their needs are reflected in the design.

Banking & Finance

GIPA Engages Societe Generale Ghana on Attijariwafa Transition, Ghana-Morocco Investment Ties

The Ghana Investment Promotion Authority (GIPA) has engaged Societe Generale Ghana Plc on the planned transition of its Ghana operations to Attijariwafa Bank, and on opportunities to deepen investment ties between Ghana and Morocco.

The engagement follows an earlier announcement by Societe Generale Group that it had reached an agreement with Attijariwafa Bank and the Social Security and National Insurance Trust (SSNIT) to divest its entire 60.22% stake in its Ghanaian subsidiary.

Banking & Finance

Societe Generale to Sell Entire 60.22% Stake in Societe Generale Ghana to Attijariwafa Bank, SSNIT

Societe Generale Group has announced that it has reached an agreement with Attijariwafa Bank and SSNIT to sell its entire stake in its subsidiary, Societe Generale Ghana.

In a statement released by the bank on Thursday, October 1, 2026, the Ghanaian subsidiary explained that the Group will sell 55.22% of its 60.22% stake in the bank to Attijariwafa Bank, and a further 5% to the Social Security and National Insurance Trust (SSNIT).

Banking & Finance

CSD Launches Investor Connect App as BoG, GSE, SEC Leaders Rally Behind Digital Push

The Central Securities Depository (CSD) has launched the Investor Connect App, a mobile application aimed at making securities far more accessible, transparent, and secure.

The launch, which took place at Cedi House in Accra, brought together key stakeholders within Ghana’s financial ecosystem, including the Governor of the Bank of Ghana and the Managing Director of the Ghana Stock Exchange, among others.

Banking & Finance

“Recovery Not the Destination, Says GSE MD Amoah on Debt Capital Market”

The Managing Director of the Ghana Stock Exchange, Abena Amoah, has stated that Ghana’s debt capital market has made meaningful progress, following improvements in macroeconomic conditions.
She made this statement at the inaugural Debt Capital Markets Conference organised by Fidelity Bank in Accra.

Highlighting the remarkable performance of the GSE, Amoah stated that investor confidence is returning, with improved liquidity in the fixed income and equities markets.

Banking & Finance

BoG Governor Hopeful for New Moody’s Upgrade Amid Economic Gains

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has expressed optimism about the country receiving another credit rating upgrade, following recent macroeconomic gains.

Speaking at Fidelity Bank’s inaugural Debt Capital Markets Conference yesterday, the Governor stated that he is hopeful of another upgrade in the country’s international credit rating, following recent engagement with Moody’s Corporation.

Banking & Finance

GCB Bank Denies Robbery at Labone Branch

Ghana Commercial Bank (GCB) has denied claims of an alleged robbery incident at its Labone branch in Accra, following reports linking the branch to a foiled multi-bank robbery plot.

In a statement released on August 13, 2026, GCB said its attention had been drawn to reports regarding the alleged incident, but wished to clarify that no such incident took place.