The Financial Stability Council (FSC) has wrapped up its final meeting for 2025 with a raft of reform measures aimed at strengthening the resilience, transparency and long-term stability of Ghana’s financial sector.
At its 25th high-level meeting in Accra, the Council agreed on a series of interventions designed to safeguard financial stability, boost investor confidence and enhance regulatory oversight across the financial system.
A major focus of the discussions was the capital market. The Council agreed to promote the listing of banks on the Ghana Stock Exchange, a move expected to improve transparency, strengthen market discipline and deepen the country’s capital markets.
The FSC also finalised a Memorandum of Understanding with the Ghana Statistical Service to begin the collection of comprehensive real estate market data from 2026.
The initiative is intended to support the monitoring of property price movements and help regulators identify and manage systemic risks within the real estate sector.
In response to the recently passed Virtual Asset Service Providers Act, the Council directed the development of a detailed risk matrix to track activities within the virtual asset ecosystem and ensure that emerging risks are identified and mitigated early.
Consumer protection and competition in financial services also featured prominently.
The FSC tasked its Technical Committee to review international best practices and collaborate with relevant state agencies to strengthen safeguards for users of financial services.
The Council received updates on work towards a supervisory framework for financial conglomerates, noting that the reporting mechanism required for its implementation is close to completion.
With Ghana preparing for a mutual evaluation by the Financial Action Task Force (FATF) in early 2026, the FSC stressed the importance of broad stakeholder sensitisation to ensure a successful assessment and protect the country’s reputation within the global financial system.
Reaffirming its commitment to proactive risk management and coordinated regulation, the Council said it would continue to pursue strategic market development initiatives to sustain financial stability.
The Financial Stability Council was established in 2018 to promote the stability and resilience of Ghana’s financial system through coordinated regulation and systemic risk management.
It is chaired by the Governor of the Bank of Ghana and includes the heads of key financial sector regulatory institutions.
