Business
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24-Hour Economy must go beyond slogans – AGI demands concrete action
The CEO of the Association of Ghana Industries (AGI), Seth Twum Akwaboah, has urged government to move beyond slogans and focus on the concrete policies and programmes needed to make Ghana’s 24-hour economy work. He said the success of the policy should not be measured by the popularity of its name but by the practical...
VALCO’s current operating position is unsustainable – Lands Minister backs calls for strategic investor
The government is considering the involvement of a strategic investor to restore the Volta Aluminium Company (VALCO) to full-scale production, with the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, warning that the company’s current operating position is unsustainable. Mr Buah said VALCO had signi...
Clearing agents frustrated as bank system failures slow Tema Port operations
Clearing agents at the Tema Port say persistent internet and banking system disruptions are delaying customs duty payments and slowing the clearance of imported goods. The agents say the problem, which began last Friday, has created significant bottlenecks in port operations, leaving importers and their representatives...
Ghana’s economy grows 5.1% in May 2026 as growth pace slows
Ghana’s economy grew by 5.1% in May 2026, although the pace of expansion slowed compared with the same period in 2025. The latest Monthly Indicator of Economic Growth (MIEG) from the Ghana Statistical Service (GSS) shows that the May 2026 growth rate was 1.5 percentage points lower than the 6.6% recorded in May 2025. T...
BoG Governor urges banks to expand lending as economic conditions improve
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has urged banks to take advantage of improving macroeconomic conditions to increase lending to productive sectors of the economy. He said relative exchange rate stability, declining inflation, easing financial conditions and narrowing interest margins were creatin...
BoG’s losses worse than reported despite gold sales – Amin Adam
Former Finance Minister and Member of Parliament for Karaga, Mohammed Amin Adam, has alleged that the Bank of Ghana used proceeds from gold sales to reduce the apparent scale of its financial losses in 2025. In a Facebook post on Friday, May 1, Dr Amin Adam claimed the central bank’s reported net loss of GH¢15.6 […]
Gideon Boako vindicated as BoG announces huge operational losses
The Member of Parliament for Tano North, Dr. Gideon Boako, has been vindicated following the Bank of Ghana’s announcement of operational losses exceeding GH¢15.6 billion. When Dr. Boako, who also serves on Parliament’s Finance Committee, warned in January 2026 that the Bank of Ghana’s audited accounts would reveal deep...
Fuel prices to increase from March 16; Petrol up by 16.93%, diesel 17.21%
Prices of petroleum products are set to increase by a significant margin from March 16, 2026. That’s according to the latest outlook report by the Chamber of Oil Marketing Companies (COMAC), which guides pricing decisions for oil marketing companies and was seen by Joy Business. Based on the report, a litre of petrol i...
Ghana signs debt restructuring agreement with Belgium
Ghana has signed a debt restructuring agreement with Belgium as part of ongoing efforts to stabilise the country’s public finances, following the severe economic crisis of 2022–2023. Speaking at the signing ceremony, the Minister for Finance, Dr. Cassiel Ato Forson, recalled the difficult period Ghana endured during th...
CEOs must act boldly as Ghana faces a defining economic moment – McDan
Executive Chairman of the McDan Group, Daniel McKorley, says Ghana’s business leaders must respond boldly to the country’s current economic moment, describing the period as one of recovery, repositioning and urgent decision-making. Speaking at the launch of the 10th Ghana CEO Summit in Accra, Mr. McKorley said Ghana’s...
Council of State member engages US investor on Volta Region investment opportunities
The Volta Regional Representative on the Council of State, Dr Gabriel Tanko Kwamigah-Atokple, has engaged American businessman, investor and philanthropist Dr John P. Rochon on potential investment opportunities in the Volta Region. The engagement, which also involved Al Lewis, Chief Executive Officer of Catalyst Green...
Chamber of Mines calls on BoG to release full breakdown of mining export proceeds
The Ghana Chamber of Mines has called on the Bank of Ghana (BoG) to publish a comprehensive and disaggregated account of foreign exchange inflows from Ghana’s mining sector, arguing that incomplete public data risks distorting the sector’s contribution to the national economy. The call comes in response to recent claim...