As cocoa futures have slumped nearly 70% from late-2024 records, major chocolate makers including Hershey are planning to increase cocoa content and return products to traditional recipes, potentially lowering shelf prices and boosting demand for cocoa farmers.
6 hours ago · Joy Online →
The UK has agreed a trade deal with Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, worth £3.7bn to the economy and removing an estimated £580m a year in tariffs from British exports once fully implemented. Rights groups have criticised the lack of detail on human rights and labour protections in the agreement.
6 hours ago · Joy Online →
The largest union at Samsung Electronics has suspended a planned strike after reaching a last-minute tentative pay agreement, easing concerns about disruption to the world's largest memory chipmaker. The dispute centred on how to distribute profits from soaring AI chip demand, with the union representing nearly 48,000 workers securing changes to bonus distribution between memory chip divisions and other units.
9 hours ago · Joy Online →
Ghana's real estate sector is entering its most supportive financing environment in nearly a decade, driven by easing inflation, a recovering cedi, and interest rate cuts by the Bank of Ghana. Commercial properties are projected to generate annual yields of 8–15 percent in 2026, while residential rental yields are expected to range 7–12 percent.
6 hours ago · Business & Financial Times →
The Managing Director of the Agricultural Development Bank has described Ghana's successful exit from the IMF financial support programme as a defining moment for economic recovery, demonstrating the country's commitment to macroeconomic stability and stronger financial discipline. He noted that banks now have a critical responsibility to deepen support for businesses, agriculture, SMEs, and productive sectors.
7 hours ago · Business & Financial Times →
Zoomlion Kenya has announced significant progress after beginning operations in Nairobi's integrated waste management programme, focusing on emergency clean-up operations, infrastructure development, and long-term sustainability measures. The company is clearing approximately 109 illegal dumpsites and undertaking legacy waste evacuation to designated disposal facilities, while making improvements to the Dandora Dumpsite.
8 hours ago · Business & Financial Times →
Ghana's Trade Ministry has held a preparatory meeting for a US Chamber of Commerce Trade Mission scheduled for May 30–June 5, 2026, to showcase priority projects and investment opportunities. Preparations include investment roundtables and business meetings focused on agriculture, agribusiness, renewable energy, and technology.
3 hours ago · Joy Online →
The Food and Beverage Industry Association of Ghana has backed the Ghana Shippers' Authority's fight against what it calls "unjustified and excessive charges" by international shipping lines, describing legal action by some lines seeking an injunction against GSA regulatory measures as "unfortunate and counterproductive." FABAG cited years of struggle with high port and shipping costs that have raised business expenses and consumer prices.
3 hours ago · Joy Online →
The Bank of Ghana reports that the Composite Index of Economic Activity expanded 12.6% year-on-year in March 2026, driven by increased private sector credit, stronger consumer spending, and higher industrial output. However, business and consumer confidence indices both eased in April 2026, with the Bank partly attributing the decline to concerns over the Middle East conflict's economic implications.
4 hours ago · Joy Online →
The Ghana Standards Authority and Germany's Physikalisch-Technische Bundesanstalt distributed 50 calibrated weighing scales to traders in Techiman on May 20, 2026, as part of World Metrology Day activities to promote fair trade practices and ensure accurate measurement in commercial transactions.
4 hours ago · Joy Online →
Mobile money transactions in Ghana hit GH¢493.2 billion in April 2026 across 967 million transactions, according to the Bank of Ghana, with registered mobile money accounts rising to 83 million and float balances increasing to GH¢36.7 billion.
4 hours ago · Joy Online →
The German Embassy in Accra has congratulated Ghana on successfully concluding its Extended Credit Facility programme with the IMF, noting economic gains including lower inflation, a stronger currency, and improved foreign reserves. Germany cited its support through bilateral debt restructuring and expressed optimism about Ghana's continued economic growth.
4 hours ago · Joy Online →
The Microfinance and Small Loans Centre (MASLOC) has inaugurated a new office in Bechem, Tano South Municipality, Ahafo Region, to provide soft loans to local businesses, particularly women traders, to enhance their economic activities and livelihoods.
5 hours ago · Joy Online →
An Accra High Court has adjourned to June 17, 2026 a petition seeking the winding up of Euroget De-Invest S.A over an outstanding debt exceeding three million dollars. The defendant's counsel indicated the company would file an affidavit in opposition to the petition filed by Top International Engineering Ghana Limited.
5 hours ago · Joy Online →
Yango Group has launched Yango Tech in Africa to offer AI and digital infrastructure solutions to businesses, city authorities and public-sector organizations across mobility, healthcare, financial services and retail sectors.
5 hours ago · Joy Online →
The Minister for Communication, Digital Technology and Innovations has called on MTN Ghana to match its dominance in the telecommunications market with improved customer service, affordable pricing, and wider network coverage, citing public complaints about high data charges, unstable connectivity, dropped calls, and poor rural access.
1 hour ago · The Ghanaian Times →
The Central Bank of Nigeria's Monetary Policy Committee voted to retain the Monetary Policy Rate at 26.5% and maintained all key policy parameters, citing persistent inflationary pressures and the need to sustain macroeconomic stability. Nigeria's headline inflation rose to 15.69% in April 2026 from 15.38% in March 2026.
1 hour ago · The Chronicle →
The Commissioner of the Customs Division of the Ghana Revenue Authority visited Tema Port to discuss strategies for maximizing national revenue, focusing on transit trade operations and deepening cooperation between the two institutions. He urged officials to block revenue leakages and streamline port processes to enhance Ghana's competitiveness as a trade hub.
1 hour ago · The Chronicle →
AYS Developers, a Dubai-based real estate company, has opened an office at Kempinski Hotel Gold Coast City in Accra to serve as a hub for clients interested in Dubai property investments and luxury residential developments. The office will offer personalised investment advisory services and property consultations to connect African investors with Dubai's luxury property market.
1 hour ago · The Chronicle →
Richie Mensah announced on his 40th birthday that Lynx Entertainment is stepping away from artiste management to focus on music distribution and electronics, fulfilling a long-term personal goal to retire from active music production at age 40. The record label has been converted to a distribution company, and Mensah plans to focus full energy on Lynx Electronics.
1 hour ago · The Chronicle →
The Bank of Ghana held its benchmark monetary policy rate at 14 percent and amended the dynamic cash reserve ratio framework to a uniform 20 percent reserve requirement in domestic currency, effective June 4, 2026, as policymakers respond to external inflation risks from Middle East tensions.
5 hours ago · Business & Financial Times →
Ghana's financial sector assets expanded by 23.2 percent in 2025 to GH¢647.25 billion, according to the Bank of Ghana, reflecting improved stability and resilience across banks and regulated institutions as macroeconomic conditions improved following debt restructuring challenges. The sector showed stronger profitability and solvency indicators, with total assets representing 45.1 percent of gross domestic product.
5 hours ago · Business & Financial Times →
Ghana Interbank Payment and Settlement Systems Limited has appointed Emmanuel Kwabena Owusu as Chief Technology and Information Officer and an Advisor to the Chief Executive-Emergent Technologies, completing its executive leadership structure. The appointments aim to drive innovation and operational excellence in Ghana's digital payments ecosystem.
9 hours ago · Business & Financial Times →