Business
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Banks, fintechs trade claims over regulatory burden as fraud risks grow
Banks and fintech companies are raising competing concerns over regulation in Ghana’s digital financial sector, with each side suggesting the other operates under a lighter supervisory regime.
NPA increases price floor various petroleum products from July 16
The National Petroleum Authority (NPA) has increased the price floor for various petroleum products, effective July 16, 2026. Based on a notice sent to industry players and seen by JOY BUSINESS, the price for petrol has increased from GHC 12.79 to GHC 13.28 per litre. Diesel has also been increased from GHC 13.54 to GH...
Bond market: Turnover increased by 177% to GH¢5.01bn
The secondary market activity strengthened markedly last week, with secondary-market turnover increasing by 177.86% week-on-week to GH¢5.01 billion. Trading was firmly anchored in the short- to medium-dated segments, with 2027-2030 maturities driving 58.93% of turnover at an average yield of 14.28%. The 2031-2034 segme...
AI, better data drive down fintech non-performing loans – Owuraku Asare
The growing use of artificial intelligence (AI) and improved access to data are helping reduce non-performing loans (NPLs) in Ghana’s fintech sector, strengthening digital lending and expanding financial inclusion. This is according to Owuraku Asare, Head of the FinTech and Innovation Department, who spoke at the Ecoba...
Premium Motors unveils all-new Renault Grand Koleos and Kardian to drive growth in Ghana’s auto market
Premium Motors Limited has officially launched the all-new Renault Grand Koleos HEV and the all-new Renault Kardian in Ghana, marking a significant step in the company’s strategy to reposition Renault as a leading automotive brand in the country. The unveiling, attended by industry stakeholders, customers, business lea...
Tryton Motors signs 3-year sponsorship deal with Debibi United FC and Jonina Football Academy
Tryton Motors Limited has announced a three-year sponsorship partnership with Debibi United FC and Jonina Football Academy, reaffirming its commitment to supporting grassroots football and talent development in Ghana. The partnership is expected to provide critical support to both football institutions, helping to impr...
Ghana wastes up to 45% of its tomatoes. A homegrown brand thinks it has the answer.
With domestic demand nearly double local production, and nearly half the harvest never reaching consumers, the tomato sector’s losses represent both a national crisis and an industrial opportunity. Ghana produces approximately 380,000 tonnes of tomatoes annually. It needs more than 800,000. And between 30 and 45 percen...
US jails Ghanaian-American over $38m scam
A federal court in Florida has sentenced Ghanaian-American Kelvin Owusu Nkwantabisa to 17 years in prison for orchestrating a $38 million Business Email Compromise (BEC) fraud scheme targeting victims across the United States and globally. Nkwantabisa, 33, who also used the aliases Kevin Brown and KO, was identified by...
Ghana, South Korea sign visa waiver for diplomats
Ghana and South Korea have signed a visa waiver agreement for holders of diplomatic and service passports, marking a new step in their bilateral relations after more than five decades of cooperation. The agreement was signed by Ghana’s Foreign Affairs Minister, Samuel Okudzeto Ablakwa, and his South Korean counterpart,...
Govt to roll out investment-driven “new economy” plan in 2027 Budget — Ato Forson
Finance minister Cassiel Ato Forson has announced that the government will introduce a new economic framework in the 2027 budget aimed at attracting investment into key sectors of the economy. He said the initiative forms part of a broader strategy to channel resources into productive areas that can stimulate growth an...
Finance Minister welcomes IMF team for 6th review, cites economic gains and job concerns
Finance Minister Cassiel Ato Forson has described Ghana’s programme with the International Monetary Fund (IMF) as a “success,” citing economic stabilisation and restored credibility as key achievements ahead of a crucial review of the arrangement.
There is a disconnect between local and national poultry policy – Ali Muhammed
The Chief Executive Officer of the Greater Accra Poultry Farmers Association, Ali Muhammed, has raised concerns over what he describes as a disconnect between policy formulation at the national level and the realities faced by poultry farmers across the country. Speaking on Joy Business’ special discussion, “Can Ghana...