Business
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Republic Bank brings water relief to Volta schools with solar-powered water projects
Republic Bank (Ghana) PLC has officially commissioned two mechanised electric and solar-powered borehole systems at both schools. And the relief is real.
Building cost inflation rises slightly to 2.7% in May 2026
According to the Ghana Statistical Service (GSS), the increase signals a slight uptick in building costs, although inflation remains significantly lower than the 22% recorded in May 2025.
Bank of Ghana revokes Zeepay’s electronic money licence over regulatory breaches
The Bank of Ghana (BoG) has revoked the Dedicated Electronic Money Issuer (DEMI) Licence of Zeepay Ghana Ltd with immediate effect, citing multiple regulatory breaches and persistent non-compliance with directives. The decision, announced in a public notice on Monday, July 14, was made pursuant to Section 13 of the Pay...
Only 6% of imports insured locally despite mandatory policy – GSA raises concern
The Ghana Shippers Authority (GSA) has revealed that just 6 percent of cargo imported into Ghana is insured locally, despite the enforcement of a mandatory local cargo insurance policy under the Insurance Act, 2021 (Act 1061). This disclosure was made by the Chief Executive Officer of the Authority, Prof. Ransford Gyam...
Afreximbank to avail US$10bn under its Gulf Crisis Response Programme
GCRP is designed to, among others sustain essential imports - including fuel, LNG, food, fertiliser, pharmaceuticals – by providing vital short-term Foreign Exchange (FX) and liquidity to support vulnerable member states.
Bono Regional PURC intensifies probe to resolve prolonged water shortage in Sunyani
The Bono Regional Office of the Public Utilities Regulatory Commission (PURC) has moved to calm growing public anxiety over a prolonged water shortage in the Sunyani Municipality, assuring residents that urgent steps are being taken to restore supply. For weeks, households across Sunyani have endured dry taps, with man...
Dr Agyepong calls for co-investment at Africa Summit
The Executive Chairman of Jospong Group, Dr Joseph Siaw Agyepong, has delivered a forceful call for partnership rooted in shared interest and mutual respect, declaring that “Africa does not need sympathy. Africa needs partnership built on shared interest, mutual respect and a common vision,” he stated. At the opening o...
Hostel operators need fair returns, but rents must still be assessed — Rent Commissioner, Frederick Opoku
Acting Rent Commissioner Frederick Opoku says private hostel accommodation charges must be subjected to proper and scientific assessment processes to ensure fairness for both investors and students. Speaking on JoyNews’ Super Morning Show, Mr Opoku acknowledged concerns raised about the high cost of construction and th...
First Atlantic Bank strengthens balance sheet as net interest income surges 67%
First Atlantic Bank PLC has reinforced its financial resilience in 2025, posting strong growth in net interest income while maintaining cost discipline and a robust capital position.
First Atlantic Bank targets regional growth and digital expansion in 2026
The Chief Executive Officer of First Atlantic Bank PLC, Odun Odunfa, has outlined an ambitious outlook for 2026, signalling the bank’s readiness to harness emerging opportunities across Ghana and the wider African market.
E&P plans $1.2 billion investment in Damang, Tarkwa mines; dispatches 30 heavy-duty equipment to site
Engineers and Planners Company Limited (E&P) is planning to invest approximately $1.2 billion into its Tarkwa and Damang mines after officially taking over operations from Gold Fields. As part of efforts to strengthen operations and expand capacity, the indigenous mining firm has dispatched thirty (30) semi-knockdown C...
Fitch upgrades Ghana’s credit rating to ‘B’ amidst global uncertainty and economic turbulence
Ghana’s sovereign credit profile has received a major boost after Fitch Ratings upgraded the country’s Long-Term Foreign-Currency Issuer Default Rating from B- to B, with a Positive Outlook, citing strong economic growth, sharp debt reduction, fiscal discipline, and rising international reserves. The upgrade, announced...