Business
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Increase Ghana’s share in the value chain through partnerships, not isolation – Ing. Ashigbey
The Chief Executive Officer of the Ghana Chamber of Mines, Ing. Ken Ashigbey, is advocating a stronger Ghanaian presence across the country’s extractive industries through strategic partnerships with multinational firms rather than outright exclusion. Speaking at the JoyBusiness Roundtable discussion held on the theme,...
ADB records strong turnaround with GH¢367m profit in 2025
The Agricultural Development Bank (ADB) has recorded a significant turnaround in its financial performance in 2025, posting a profit after tax of GH¢367.29 million compared to a marginal profit of GH¢35.06 million in 2024. According to the bank’s 2025 Annual Report and Financial Statements, the improved performance was...
GoldBod generated $10.8bn in forex from small-scale gold — Sammy Gyamfi
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, says Ghana generated more than $10.8 billion in foreign exchange from artisanal and small-scale mining gold alone, contributing significantly to the country’s foreign exchange market and reserve accumulation.
“I agree with one aspect of BoG’s argument”, but under its own accounting framework it’s policy insolvent – Dr. Nsafoah
In its 2025 Financial Report, the Bank of Ghana reported very large accounting losses, including a comprehensive loss of approximately GH¢34.95 billion, a net operating loss of approximately GH¢15.63 billion, and a deepening negative equity position.
Scaling together: Prudential Bank MD’s advice on Fintech‑Bank Partnerships in Africa
“Banks that started late in the digital race can still win – if they partner with fintechs,” says Prudential Bank’s Acting Managing Director, Ebow Quayson. “Partnerships are no longer optional. They are the quickest route to scale.” Speaking to a Pan-African audience at the Lafferty Retail Banking Council Africa Meetin...
MoFA distributes 40k bags of fertilizer, drones to boost food production in Northern Ghana
The Ministry of Food and Agriculture (MoFA) has distributed 40,000 bags of inorganic fertilizers and five sets of agricultural drones to the Peasant Farmers Association of Ghana (PFAG) as part of efforts to support farmers ahead of this year’s major planting season in Northern Ghana. Speaking at the distribution ceremo...
Pushing for 100% state ownership of mining is risky – Dr. Sarkodie warns
Economist Adu Owusu Sarkodie has cautioned against calls for full government ownership of Ghana’s extractive resources, arguing that such a model could create operational and management challenges if not properly structured. Speaking at the JoyBusiness Roundtable discussion on the theme, “To Nationalise or Transform: R...
Ghana’s economy shows recovery signs, but risks persist – S&P maintains stable outlook
Ghana’s sovereign credit rating has been affirmed at ‘B-/B’ with a stable outlook by S&P Global Ratings, reflecting improving economic conditions alongside persistent fiscal and external risks. The ratings agency said stronger economic growth and rising export volumes, particularly from gold, have supported a significa...
4 MPC members voted for 150bps cut in policy rate to 14%
Four out of six members of the Monetary Policy Committee voted for 150 basis points cut in the policy rate to 14.0%. This was captured in the Monetary Policy Committee (MPC) decision report submitted by the Bank of Ghana. However, one of the members voted for a 75 basis points cut, while the other member […]
2026 ACI World Congress: In Accra, a quiet reframe of how emerging markets see themselves
There is a particular tone that central bank governors from emerging economies have traditionally adopted at international gatherings. It is a tone of careful reassurance, of cataloguing reforms undertaken, of demonstrating that the rules set elsewhere are being faithfully observed at home. It is the language of a cou...
BoG confident cedi stability will be sustained
Governor of the Bank of Ghana, (BoG) Dr Johnson Asiama, says the country is unlikely to return to the period of persistent cedi depreciation as ongoing economic reforms continue to strengthen confidence in the economy. Addressing the media after the central bank’s 130th Monetary Policy Committee meeting in Accra, Dr. A...
GRA outlines who qualifies for Modified Taxation Scheme and how it works
The Ghana Revenue Authority (GRA) has outlined the categories of taxpayers who qualify for the Modified Taxation Scheme, as well as those who are excluded from the system. Chief Revenue Officer of the GRA’s Domestic Tax Revenue Division, Victor Yao Akogo, explained the scheme on the Joy FM Super Morning Show on Wednesd...