He started his career at Mongolian Stock Exchange in 1991 and joined the Central Bank after graduating from Budapest’s Corvinus University in 1997. He was hired by UNDP’s MicroStart Pilot Project in 1998, and then became CEO of Mongolia’s first non-bank financial company XAC in 1999. XAC evolved into a leading microfinance institution and, in 2001 it merged with another NBFI to form XacBank, the first commercial bank with social and development mandate. He worked as a CEO of XacBank until 2009. During his tenure he led the founding of the holding company of XacBank, TenGer Financial Group, and its subsidiaries: XacLeasing, XacSecurity, TenGer Solutions, XAC NGO, etc. He initiated acquisition of TenGer Insurance and expansion of TenGer in the region (MolBulak Finance in Kyrgyzstan and TianRong in China). In 2010, Ganhuyag was appointed as Vice-Minister of Finance and served until 2012. Ganhuyag has served as Honorary Consul of Hungary in Mongolia (2006-2010), member of the Board of the Microfinance Centre for CEE and NIS (2007-2009), President of the CEO Club of Mongolia (2007-2008), Advisor to the Prime Minister of Mongolia on Economic and Development issues (2009-2010), member of the Global Agenda Council on social entrepreneurship of Schwab Foundation (2009-2010), Secretary General of the Mongolia Economic Forum (2009-2013), Vice-Minister of Finance of Mongolia (2010-2012) and President of Mongolian Students' Union (2010-2012). He was a pioneer of financial cooperative movement in the 1990s. He currently holds the position of the Executive Chairman of EIT, the company he helped found in 2005, which engages in financial investments and turnaround management. He was elected as President of the Mongolian Basketball Association in 2013. In 2009, he was nominated to the Forum of Young Global Leaders of the World Economic Forum, and was asked to help found the UB Global Shapers Hub in 2011. He led the YGL Global Dignity Initiative in Mongolia since 2010.