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May 24, 2026
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Without trust, digital finance is just technology – BoG Governor
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Key Points
- Bank of Ghana Governor Dr. Johnson Asiama stressed that trust is the most valuable and indispensable currency for Africa's digital finance era.
- He urged coordinated commitment from regulators, market participants, and investors to build trust through fairness, transparency, and a stable regulatory environment.
- The BoG fosters trust via regular consultations and is implementing a shared financial sector cybersecurity framework to proactively address systemic vulnerabilities.
- Dr. Asiama highlighted cybersecurity as a critical aspect of trust, noting that a financial system's security is dependent on its weakest participant.
- He expressed confidence in Africa's financial markets, advocating for deepened integration and emphasizing that trust, earned through consistent conduct and transparent governance, is the ultimate measure of digital finance transformation.
Why This Matters
The Governor's emphasis on trust and cybersecurity is vital for Ghana's financial sector, as it underpins the stability and growth of digital finance. Proactive measures by the Bank of Ghana in these areas will enhance investor confidence, protect consumers, and facilitate the secure adoption of digital financial services, contributing directly to Ghana's economic development and financial inclusion agenda.
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GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako
- The Ghana Gold Board (GoldBod) has vehemently denied claims by MP Dr. Gideon Boako that it owes the Bank of Ghana (BoG) a GH¢1 billion overdraft.
- Dr. Boako, a Deputy Ranking Member on Parliament’s Finance Committee, questioned GoldBod's reported GH¢907 million profit, stating an outstanding overdraft would reflect a loss.
- GoldBod labeled Dr. Boako’s claim as “totally false,” a “deliberate and malicious smear campaign,” and demanded a retraction and apology.
- This dispute is set against a broader political and economic debate concerning GoldBod’s financial performance and the accounting treatment of GH¢22 billion losses from the Domestic Gold Purchase Programme (DGPP).
- GoldBod asserts it has never taken any loan, overdraft, or debt instrument from the Bank of Ghana or any financial institution since its establishment.
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GoldBod losses remain key on Minority agenda as Parliament reconvenes – Afenyo-Markin
- The NPP Minority Leader, Alexander Afenyo-Markin, reaffirmed the caucus's commitment to investigate a reported US$1.7 billion loss linked to the Bank of Ghana’s Domestic Gold Purchase Programme and the Ghana Gold Board (GoldBod).
- This commitment was reiterated after Afenyo-Markin met with NPP flagbearer Dr Mahamudu Bawumia in Accra.
- Dr Bawumia commended the Minority Caucus for its accountability efforts and encouraged their continued work.
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August 23, 2026
Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
- The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
- However, IERPP tempers this optimism with concern over an estimated GH¢22 billion (US$1.7 billion) loss from the Domestic Gold Purchase Program (DGPP).
- The DGPP loss is significant, equating to about 65 cents for every US$1 of FDI attracted, highlighting a major resource management issue.
- IERPP emphasizes that while FDI is crucial, it cannot substitute for prudent management and protection of existing public resources.
- The Institute calls for greater transparency, a clear breakdown of DGPP losses, and intense scrutiny from accountability institutions, Parliament, and civil society.

