FSC sets reform agenda for financial stability 

The Financial Stability Council (FSC) has concluded its final meeting for 2025, outlining reforms to strengthen the resilience and transparency of Ghana’s financial sector. 

 At its 25th high-level session, the Council agreed on interventions to safeguard financial stability and boost market confidence, including measures to deepen capital markets and strengthen oversight. 

 Key among the decisions was a push to encourage the listing of banks on the Ghana Stock Exchange, with agreed modalities aimed at improving transparency, enforcing market discipline and expanding market depth. 

 The FSC also finalised a Memorandum of Understanding with the Ghana Statistical Service for the collection of real estate market data, beginning in 2026, to support the monitoring of price movements and systemic risks in the sector. 

Following the passage of the Virtual Asset Service Providers Act, the Council directed the development of a risk matrix to monitor the virtual asset ecosystem and ensure emerging risks are effectively mitigated. 

 To enhance consumer protection and competition, the Council tasked its Technical Committee to review global best practices and work with state agencies to strengthen safeguards for financial services users. 

 Progress was also reported on a supervisory framework for financial conglomerates, with the reporting mechanism for its implementation nearing completion. 

 Ahead of Ghana’s mutual evaluation by the Financial Action Task Force in early 2026, the Council stressed the need for broad stakeholder sensitisation to ensure a successful assessment and protect the country’s standing in the global financial system. 

 The FSC reaffirmed its commitment to proactive risk management, regulatory coordination and strategic market development to sustain financial stability. 

 Established in 2018, the Financial Stability Council is mandated to promote the stability and resilience of Ghana’s financial system through coordinated regulation and systemic risk mitigation.  

It is chaired by the Governor of the Bank of Ghana and comprises heads of key financial sector regulatory agencies. 

Source: GNA