{
  "id": 14840893,
  "title": "Demand and savings deposits decreased in August 2026, but currency outside banks increased by 4%",
  "url": "https://urgent.news/2026/10/16/demand-and-savings-deposits-decreased-in-august-2026-but-currency",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T01:37:04.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/demand-and-savings-deposits-decreased-in-august-2026-but-currency-outside-banks-increased-by-4/"
  },
  "original_language": "en",
  "account": "In August 2026, demand and savings deposits experienced a decline, falling to 7.8% and 7.0% respectively, down from 10.6% and 7.3% in August 2025. Notably, foreign currency deposits (FCDs) saw a significant increase in their contribution to money supply growth, reaching 1.6% compared to a negative 4.0% the previous year. The Bank of Ghana attributes this shift to the discontinuation of the dual currency Cash Reserve Ratio (CRR) policy. Additionally, currency outside banks saw a rise to 4.0% in August 2026, up from 2.7% a year earlier, indicating a growing demand for cash holdings. The annual growth in the broad money supply (M2+) also accelerated to 20.4% from 16.6% in August 2025. The Bank of Ghana attributes this increase to a significant accumulation of Net Domestic Assets (NDA), while the growth in Net Foreign Assets (NFA) moderated to keep M2+ growth in check. The contribution of NFA to total liquidity growth dropped to 7.2% in August 2026 from 8.8% in August 2025, reflecting a gradual slowdown in foreign asset accumulation within the banking sector.",
  "summary": "Meanwhile, the annual growth in broad money supply (M2+) increased to 20.4% in August 2026, from 16.6% in August 2025.",
  "key_points": [
    "Demand and savings deposits decreased in August 2026",
    "Currency outside banks increased by 4% in August 2026",
    "Broad money supply growth accelerated to 20.4% in August 2026"
  ],
  "editors_take": "The shift toward cash holdings and foreign currency deposits signals a structural change in liquidity preferences following the discontinuation of the dual currency Cash Reserve Ratio policy.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Demand and savings deposits decreased in August 2026, but currency outside banks increased by 4%",
        "url": "https://urgent.news/2026/10/16/demand-and-savings-deposits-decreased-in-august-2026-but-currency-14843436",
        "published": "2026-10-16T01:37:04.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}