{
  "id": 14843436,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T01:37:04.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "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 declined compared to the previous year. Demand deposits, typically checking and call accounts, fell to 7.8% of the money supply from 10.6% in August 2025. Similarly, savings and time deposits decreased to 7.0% from 7.3% over the same period. However, foreign currency deposits (FCDs) contributed significantly to money supply growth, rising to 1.6% in August 2026 from negative 4.0% in August 2025. The Bank of Ghana cited the discontinuation of the dual currency Cash Reserve Ratio (CRR) policy as the primary reason for this shift. Additionally, currency outside banks increased to 4.0% of the money supply in August 2026, up from 2.7% in August 2025, indicating a growing demand for cash holdings. Overall, the annual growth in broad money supply (M2+) accelerated to 20.4% in August 2026, up from 16.6% in August 2025. The Bank of Ghana attributed this growth to a substantial increase in Net Domestic Assets (NDA), while Net Foreign Assets (NFA) growth moderated to keep M2+ growth steady. The contribution of NFA to total liquidity growth decreased slightly to 7.2% in August 2026 from 8.8% in August 2025, reflecting a slowdown in foreign asset accumulation in the banking sector during the period.",
  "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": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Joy Business",
        "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",
        "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."
}