Securities and Exchange Commission Ghana has published the latest Financial Stability Review, a cross-agency assessment of developments in Ghana’s financial system and the policy measures used to address emerging financial stability risks. The report spans macro-financial conditions, developments in the financial system, and sectoral assessments covering banking, insurance, securities and pensions, alongside a review of financial sector resilience. This edition adds two new sections. Chapter 2 now covers key Financial Stability Council initiatives to promote financial stability, while Chapter 7 presents the results of a Systemic Risk Survey. The special features section examines Ghana’s third round of Mutual Evaluation, deposit insurance, microfinance sector reforms, emerging risks in the FinTech and payment systems sector, and green bonds regulation in Ghana. The review is described as a collaborative effort of the Bank of Ghana, Ministry of Finance, National Insurance Commission, Securities and Exchange Commission, National Pensions Regulatory Authority, Ghana Deposit Protection Corporation and the Financial Intelligence Centre under the auspices of the Financial Stability Council.