Business
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New paid-in capital requirements help Nigerian banks exit forbearance – Fitch
“Capital raisings to meet the new requirements have enabled many banks to absorb additional provisions, particularly prudential provisions that completely disregard collateral, resulting from higher impaired loans, and capital deductions resulting from single-obligor limit breaches, while generally remaining compliant...
PURC resolves 97% of utility-related complaints received during first half of 2026
The Public Utilities Regulatory Commission (PURC) Western and Western North Regional Offices resolved 97% of utility-related complaints received during the first half of 2026, according to the Commission’s Mid-Year Report. The report said the regional office received 920 complaints from consumers and utility service pr...
BoG’s multi-billion-cedi losses were part of economic recovery – IMF
The International Monetary Fund (IMF) has defended the Bank of Ghana (BoG)’s massive financial losses, stating that its aggressive policy actions were necessary to stabilise the economy during Ghana’s crisis period. Speaking on PM Express Business Edition on Thursday, IMF Mission Chief Ruben Atoyan rejected suggestions...
GoldBod signs refinery agreement with Royal Ghana Gold Limited
The Ghana Gold Board (Ghana Gold Board) has signed a gold refinery agreement with Royal Ghana Gold Limited as part of efforts to deepen value addition in the country’s mining sector. Under the agreement, GoldBod will supply up to one metric tonne of gold weekly to Royal Ghana Gold Limited for refining. The partnership...
D. A. Twum Jnr. Fellowship announces inaugural cohort and commences programme
Throughout the Fellowship, participants will engage in masterclasses led by industry professionals, agency visits, mentorship sessions, and hands-on learning experiences aimed at preparing them for the realities and opportunities within Ghana's creative and marketing communications landscape.
BoG warns rising transport, haulage costs and potential fare hikes could fuel inflation
"Headline inflation has risen for three consecutive months from 3.2 percent in March to 5.3 percent in June, driven largely by transport and haulage prices."
Prof Bokpin criticises closed-door BoG briefing, says it undermines public confidence
Economist and Professor of Finance at the University of Ghana Business School, Professor Godfred Bokpin, has criticised Parliament's decision to hold a closed-door meeting with the Governor of the Bank of Ghana, Dr Johnson Asiama.
Minority alleges secret plot to capture VALCO, demands transparency
The Minority Caucus in Parliament has accused the Mahama administration of pursuing the “capture” of the Volta Aluminium Company Limited (VALCO) in secrecy, and demanded full disclosure of plans to restructure the state-owned smelter. In a press statement dated 29 July and signed by Kwaku Ampratwum-Sarpong, Ranking Mem...
GOLDBOD hands NACOC GHC12.6 million from seized gold proceeds
The Ghana Gold Board (GOLDBOD) has presented GH¢12.6 million to the Narcotics Control Commission (NACOC) as its 50% share of proceeds from the forfeiture of 17 gold bars intercepted by the Commission last year. The amount, which totals GH¢12,645,862.48, is expected to support NACOC’s operational activities. Chief Execu...
T-bills auction: Government exceeds target by 77%; but to pay more for one-year bill at maturity
The government recorded 77% oversubscription of the treasury bills auction, as the yield on the one-year bill hit 12.99%. According to the auction results by the Bank of Ghana, most of the investors bought the 364-day bill because of the attractive interest rate. However, the government will have to pay more to serv...
Gold Reserves not being sold off, funds reinvested for returns – Sammy Gyamfi
The Chief Executive Officer of GoldBod, Sammy Gyamfi, has dismissed claims by the Minority that the Bank of Ghana is selling off the country’s gold reserves. Speaking on Asempa FM’s Ekosii Sen, he described the allegations as “politics and propaganda,” insisting that the gold has not been sold for consumption. He expla...
Joy Business, Super Morning Show host high-level roundtable on Ghana’s poultry industry tomorrow
Can Ghana feed itself?