Business
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Accra floods disrupt business activities as traders, trucks are stranded on major roads
Businesses and economic activities are at a standstill in the national capital, Accra, as several traders and trucks heading to Accra from various parts of the country for trading activities are stuck, following flooding. The floodwaters follow long hours of night rain, which has since entered homes, offices and blocke...
Explainer: Will Ghana ever see GNPC Explorco’s $561m oil revenues paid into the Petroleum Holding Fund?
When Ghana National Petroleum Corporation (GNPC) announced that its subsidiary, Explorco, had become the owner of an additional 7% stake in the Jubilee and TEN oil fields, many Ghanaians wondered how the asset got there.
BoG shifts focus to trust and domestic funding to drive post-stability growth
The Bank of Ghana (BoG) is repositioning its policy focus towards rebuilding trust in the financial system and unlocking domestic capital, as it seeks to consolidate recent macroeconomic gains and push the economy into a stronger investment-driven phase. Second Deputy Governor Matilda Asiedu-Asante, speaking at the Mon...
Banks’ NPLs drop to 16.1%, but credit risk remains key vulnerability
Meanwhile, the banking sector recorded robust performance in June 2026, with strong asset growth, improved solvency, and enhanced asset quality.
Government will end tomato import dependence in four months – Eric Opoku
The Minister of Food and Agriculture, Eric Opoku, has stated that government interventions to boost local production of tomatoes will begin to yield visible results within the next four months and assured Ghanaians that the country’s dependence on imported tomatoes will soon be over. He explained that the government h...
Ghana’s IMF programme completion reflects economic progress – Finance Ministry
The Finance Ministry has described the completion of Ghana’s three-year Extended Credit Facility (ECF) programme as a major milestone towards restoring economic stability and strengthening the country’s economy. According to the Ministry, the government maintained fiscal discipline, reduced inflation, strengthened exte...
World Bank increases Ghana’s growth rate for 2026 to 4.8%
The World Bank has increased Ghana’s Gross Domestic Product (GDP) growth by 0.2 percentage points to 4.8%, its June 2026 Global Economic Prospects have revealed. However, the slowdown from the 6.0% growth rate in 2025 echoes the shift from a post-crisis recovery to a more sustainable medium-term growth path. The countr...
GARID expenditure records raise questions over project spending as Finance Ministry defends fiscal controls
The debate over what caused delays to the Greater Accra Resilient and Integrated Development (GARID) Project has taken a new turn. In May 2026, the World Bank downgraded implementation of the $350 million project to “Moderately Unsatisfactory“, arguing that fiscal controls introduced by the Ministry of Finance signific...
Transport fares should not rise permanently over temporary fuel shocks – Oil marketers
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, has suggested that the government could temporarily suspend the additional GH¢1 Energy Sector Levy component to cushion transport operators facing rising fuel prices. Dr Oppong said such an intervention could help reduce...
Cocoa sector must become more resilient, prosperous and profitable – Finance Minister
Ghana’s Minister for Finance, Dr. Cassiel Ato Forson, has called for a fundamental transformation of the cocoa sector, insisting that the industry must become more resilient, prosperous, and profitable for the benefit of farmers and the economies of both Ghana and Côte d’Ivoire. Speaking as Chair of the 7th Steering Co...
Technology alone can’t protect careless digital finance users – Ghana Association of Banks
Chief Executive Officer of the Ghana Association of Banks, John Awuah, says technology alone cannot protect digital finance users who expose their passwords, PINs, ATM cards, phones and account details to fraudsters. He says banks have invested heavily in cybersecurity infrastructure and are required to comply with str...
Parliament’s Energy Committee commends NPA’s openness
Chairman of Parliament’s Energy Committee, Emmanuel Kwasi Bedzrah, has commended the National Petroleum Authority (NPA) for what he described as its transparency and constructive engagement during a monitoring visit in Accra. He noted that such cooperation between regulators and Parliament strengthens oversight and ens...