Business
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Slump continues as cedi becomes worst-performing currency in sub-Saharan Africa
Ghana’s cedi, which has suffered a steady decline in recent weeks, has now become the worst-performing currency in sub-Saharan Africa and one of the worst performers on the continent. According to multiple analyses, including publications by Reuters using data from the London Stock Exchange Group (LSEG), the cedi has s...
CalBank joins national sanitation exercise, donates clean-up equipment to Korle Klottey Municipal Assembly
CalBank PLC yesterday joined the National Sanitation Exercise by supporting clean-up efforts through a donation of sanitation equipment and direct staff participation in community desilting activities. The Bank presented wheelbarrows, shovels, long brooms, reflective vests, gloves and nose masks to the Korle Klottey Mu...
Buffer Stock company posts GH¢91.7m profit, pays “record” GH¢20.3m tax; SIGA commends performance
The National Food Buffer Stock Company (NAFCO) has recorded a “remarkable financial turnaround”, posting a net profit of GH¢91.7 million in 2025 after recording a loss of GH¢19 million the previous year. That’s according to the State Interests and Governance Authority(SIGA) The achievement has earned praise from SIGA,...
“We can’t access our money” — customers hit by Equity Savings crisis
Thousands of customers of Equity Savings and Loans Limited have been left unable to access their deposits amid reports that the institution has effectively collapsed, raising fresh concerns about stability in Ghana’s financial sector. Affected customers told JoyNews they have been unable to withdraw funds for months, w...
Ghana Global Champions Initiative 2026 launched as new framework for economic reform and growth
The Founder and Chief Executive Officer of the Chief Executives Network Ghana, Ernest De Graft Egyir, has unveiled a bold national initiative aimed at transforming high-potential Ghanaian companies into globally competitive multinational corporations.
Africa must build its own global business champions – Alex Dadey
The Executive Chairman of KGL Group, Alex Apau Dadey, has called for a deliberate effort to build globally competitive African enterprises capable of transforming local economies and positioning the continent as a major force in the global economy.
‘AI is now the only effective way to counter cybercrime’ — Cybersecurity Expert
Cybersecurity, AI and Information Systems Expert, Dr. Martin Nana Annan says Artificial Intelligence (AI) has become the only effective way to counter the growing sophistication of cybercrime, as criminals increasingly deploy AI-powered tools that conventional cybersecurity systems cannot detect. Speaking at the Ecoban...
BoG converts all Rural Banks into Community Banks
The Bank of Ghana (BoG) has announced that in line with the guideline on the Revised Microfinance Sector Framework, 2026, the Rural Banking Sector has been converted to Community Banking Sector. By this, existing Rural Banks have therefore become Community Banks. “As part of their transformation, the banks are required...
Some OMCs begin increase in fuel prices; Star Oil sells petrol at GH¢15.20
Some Oil Marketing Companies (OMCs) have started increasing the prices of petroleum products at the pumps from this morning, June 1, 2026. The increase is in line with the two-week review of fuel prices by the various oil firms in the country, as part of the price deregulation policy. Star Oil took the lead this […]
Business without integrity is dangerous, leadership without humility is arrogance – Asantehene
The Asantehene, Otumfuo Osei Tutu II, has urged Ghanaian business leaders to place integrity, honesty and humility at the centre of corporate leadership, warning that sustainable businesses cannot thrive without trust. Speaking at the Ghana Business Leaders Conclave at the University of Professional Studies, Accra, the...
Finance Ministry signals tough measures for underperforming state enterprises
The Deputy Minister for Finance, Thomas Nyarko Ampem, has called on State-Owned Enterprises (SOEs), to improve performance or risk dissolution. Speaking on behalf of the Finance Minister, Dr. Cassiel Ato Forson, at a meeting with core stakeholders of State-Owned Enterprises and Specified Entities under the theme, Leve...
SIGA hails TOR for GHC 1.24bn profit, six years of audit compliance
The State Interests and Governance Authority (SIGA) has commended the Tema Oil Refinery (TOR) for recording a profit before tax of GHC 1.24 billion in 2025 and submitting six years of outstanding audited financial statements. In a statement issued on Monday, 1 June 2026, SIGA described the development as a major milest...