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Banking & Finance, Uncategorized

Bank of Ghana Flags 20 Unlicensed Digital Loan Platforms

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The Bank of Ghana has cautioned the public against 20 loan platforms providing digital credit services without proper authorization from the central bank.

In a statement, the central bank explained that these activities go contrary to its Directive for Digital Credit Service Providers in Ghana (September 2025) and other relevant laws.
According to the central bank, the following unlicensed digital credit service providers (in no particular order) have been identified:

Banking & Finance

CalBank Records GHS353.6 Million Profit in First Half of 2026

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CalBank PLC has reported GHS353.6 million profit for the first half of 2026 financial year. This represents a a 25% increase in Profit Before Tax (PBT) compared with the GHS283.2 million recorded in the same period last year with the increase in profit revealing a robust growth across the bank’s core banking franchise. CalBank explained that this performance was “underpinned by broad-based growth across all major income lines, including net interest income, fees and commissions, and trading income.” Net Interest Income recorded for the period also increased by 83% to GHS347.5 million, driven by higher interest income and significantly lower funding costs. Despite a lower interest rate environment, interest income grew to GHS451.5 million from GHS399 million, while interest expense declined by more than half to GHS104 million from GHS209 million. The Bank also continued to diversify its revenue base, with net fees, commissions and trading income increasing by 99% to GHS323.3 million, nearly double the GHS162.7 million recorded during the same period last year. Net impairment gains also contributed GHS7 million to first-half profit, compared with approximately GHS154 million contributed during the same period in 2025. The banks assets also assets appreciated by 30% during period, bringing to GHS13.9 billion, compared with GHS10.7 billion at the end of June 2025. Customer deposits also increased by 30% to GHS10.9 billion, reflecting sustained customer confidence. Non-Performing Loan (NPL) Ratio also declined to 10.10%, from the 51.60% archived at the end of June 2025. Capital Adequacy Ratio (CAR) for the period also improved to 18.17%, compared with negative 7.6% at the end of June 2025, while liquidity remained strong, providing a solid foundation to support future growth. The bank then reiterated its commitment to executing its strategic priorities, deepening customer relationships, maintaining prudent risk management, and delivering sustainable and enduring value to its shareholders. CalBank PLC is a prominent, commercial bank in Ghana licensed by the Bank of Ghana. Established in July 1990, the institution delivers retail, corporate, investment, and private banking services across the country.

Banking & Finance

CCM Healthcare Investments acquires 26.84% stake in Intravenous Infusions PLC

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CCM Healthcare Investments-FZCO (CCM) has announced an acquisition of a major stake in Intravenous Infusions PLC , after a successful conversion of its investment in the Company. In a statement released on July 7, 2026, pursuant to the relevant provisions of the Ghana Stock Exchange Listing Rules and the Securities Industry Act, 2016 (Act 929), the Company disclosed that out of a total of 375,074,367 shares issued by Intravenous Infusions PLC, CCM now holds 100,666,021 shares, representing a 26.84% ownership stake. CCM stated that it remains confident in the prospects of Ghana’s pharmaceutical manufacturing industry, and in the Company’s role as a leading player in strengthening local healthcare supply chains and expanding domestic pharmaceutical production capacity. CCM added that since the beginning of the year, it has worked closely with management and the Board to develop and execute a value creation plan focused on operational improvement, commercial growth, and long-term shareholder value creation. The Company noted that it is pleased with the early progress achieved so far and believes the initiatives are strengthening the Company’s future prospects. Intravenous Infusions PLC is a pharmaceutical Company producing and distributing Intravenous Fluids in Ghana and the West African sub-region.

Banking & Finance

Banks and SDIs dismiss 75 staff over fraud in 2025 — 2025 Fraud Report

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The 2025 Fraud Report has disclosed the dismissal of 75 staff members by Banks and SDIs collectively various reasons. The report which was published by the Financial Stability Department of the Bank of Ghana noted that despite 219 staff members being implicated in fraudulent activities during the year, only 75, representing 34%, were actually dismissed. It further disclosed that out of the 75 dismissals recorded in 2025, 44 cases, were directly linked to cash theft-related fraud. On overall staff involvement in fraud, the report stated that the number of staff implicated in fraudulent activities across both Banks and SDIs fell from 365 in 2024 to 219 in 2025, representing a 40% decrease. The report added that out of the 219 cases of staff-related fraud recorded in 2025, 139, representing 63%, were involved in cash theft and cash suppression, as compared to 274, representing 75%, in 2024. It further disclosed that out of the 139 cases of cash suppression recorded across Banks and SDIs, only 22% were recorded in banks. However, with regard to the value at risk, approximately GH¢40.7 million, representing 96% of the total value at risk for cash suppression, was recorded in the banks. The Central Bank emphasized that effectively addressing fraud within Ghana’s financial sector demands a unified and sustained effort from all stakeholders, including financial institutions, law enforcement agencies, regulatory bodies, and the public.    

Banking & Finance

Electronic fraud cases surge 54% in 2025 as PSP sector’s value at risk nearly doubles — BoG report

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The Bank of Ghana has disclosed a a 54% increase Payment Service Providers (PSPs) fraud incidents in 2025. This is according to the 2025 Fraud Report which further indicated a rise from the 15,673 cases recorded in 2024 to 24,124 cases in 2025. The report attributed the sharp rise in fraud numbers to the continued shift toward digital channels and increased usages within the payments space. On value at risk, the report highlighted that a near doubling of the GH¢19 million reported in 2024 for the 2025 year bringing it now to GH¢37 million.With this representing a 95% year-on-year rise in total value at risk. Ghana operates one of Africa’s most advanced and rapidly expanding digital payment ecosystems, regulated by the Bank of Ghana under the Payment Systems and Services Act, 2019 (Act 987).

Banking & Finance

SDI fraud cases fall 47% in 2025, even as value at risk climbs to 77% — BoG report

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Specialised Deposit-Taking Institutions (SDIs) recorded 182 fraud cases in 2025, down from 344 cases in 2024, representing a 47% decrease in the total number of fraud incidents within the sector. This is according to data from the Bank of Ghana’s 2025 Fraud Report, which provides statistical insights into fraud, insider involvement, and evolving risks within the financial sector. Despite the reduction in cases , the report however indicated an uptick in the total value at risk for SDIs, rising by 77% to approximately GH¢8.00 million in 2025, compared to GH¢4.5 million recorded in 2024. The report identified Forgery and Manipulation of Documents, Cash Suppression, and Burglary as the top three fraud types by value at risk within the SDI sector in 2025. Cash Suppression, long recognized as the leading fraud category in the SDI sector over the years, recorded a significant drop in case this time around , falling from 267 cases in 2024 to 109 cases in 2025, representing a 59% decrease. Despite the sharp decline in cash suppression cases, the value at risk associated with the fraud type still rose by 12% in 2025, climbing to GH¢1.7 million from GH¢1.6 million in 2024. Forgery and Manipulation of Documents recorded the highest value at risk in the sector for 2025, skyrocketing to GH¢4.2 million from just GH¢0.01 million in 2024, with the report noting that GH¢4.1 million of this figure was reported by a single institution. The value at risk associated with Burglary also increased, climbing to GH¢1.18 million in 2025, up from GH¢0.73 million recorded in 2024. The Bank of Ghana stated that it remains steadfast in its oversight role, and is committed to ensuring a resilient and safe financial sector through enhanced regulatory frameworks, improved supervision, and fraud prevention initiatives. The regulator emphasized that effectively addressing fraud within Ghana’s financial sector demands a unified and sustained effort from all stakeholders, including financial institutions, law enforcement agencies, regulatory bodies, and the public.