Walmart expects sales growth to slow significantly from May to July as higher petrol prices, driven by the Middle East conflict and rising oil costs, pressure US household budgets. The retailer's finance chief said tax refunds had cushioned the impact, but as those benefits fade, consumers will feel more strain from elevated fuel costs.
21 May 2026 · Joy Online →
The First Deputy Governor of the Bank of Ghana argues that a flexible exchange rate regime helps absorb external shocks by reducing transmission of foreign monetary conditions into domestic economies, and is essential as emerging markets face volatile capital flows and tightening global financial conditions.
21 May 2026 · Joy Online →
The Bank of Ghana has reversed its June 2025 decision to adopt currency-matched cash reserve ratios and returned to the previous unified 15% CRR policy on both cedi and foreign currency deposits, held in cedis. The reversal takes effect June 4, 2026, after experts said the currency-matched system contributed significantly to the central bank's 2025 losses.
21 May 2026 · Joy Online →
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.
21 May 2026 · 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.
21 May 2026 · Joy Online →
Meta has notified employees in Ireland that up to 350 jobs are under threat as the company cuts 10% of its global workforce, roughly 8,000 staff. The tech firm, which employs about 1,800 people in Ireland, is increasing spending on artificial intelligence.
21 May 2026 · 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.
21 May 2026 · Joy Online →
US chip giant Nvidia reported record quarterly sales of $81.6bn and net income of $58.3bn, with first-quarter revenue up 85% year-on-year, yet shares fell 1.6% in after-hours trading as analysts suggest investors have become accustomed to stellar results and cite growing competition concerns.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · 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.
21 May 2026 · Business & Financial Times →
Professor Godfred Bokpin of the University of Ghana says the government cannot focus selectively on fiscal targets and must address structural challenges, particularly environmental destruction from illegal mining, to sustain economic recovery. He warned that Ghana remains vulnerable despite recent gains and projects the country could return to an IMF programme by 2032–2033 without deeper reforms.
21 May 2026 · Joy Online →
Dr Gideon Boako, Ranking Member on Parliament's Finance Committee, attributed the Bank of Ghana's reported financial losses to policy decisions on the Cash Reserve Ratio, particularly changes affecting foreign currency deposits, rather than to what has been described as the "cost of stability."
21 May 2026 · Joy Online →
Ghana's Communications Minister Samuel Nartey George met with a US government delegation to discuss strengthening digital cooperation, including Ghana's digital transformation agenda, artificial intelligence strategy, and efforts to position Ghana as a leading digital hub in Africa. Both sides committed to continued collaboration in digital skills training and satellite technology deployment.
21 May 2026 · Joy Online →
The Court of Appeal unanimously quashed the High Court's decision upholding the Bank of Ghana's 2019 revocation of GN Savings and Loans Company Limited's license, finding the revocation unfair and unreasonable. The court ordered the receiver to return assets and control to the company's shareholders.
21 May 2026 · Joy Online →
M-KOPA Ghana's impact report shows its flexible smartphone financing model has unlocked over GHS1.2 billion in credit for more than 550,000 customers since 2021. The company's latest platform bundles affordable data, device protection, and health insurance into smartphone plans, with 67% of customers accessing health insurance for the first time through its partnership with Turaco.
21 May 2026 · Joy Online →
Dubai Chambers held high-level meetings in Accra with Ghana's key trade and economic institutions, including the Ghana National Chamber of Commerce and Industry and the Ghana Investment Promotion Centre, to strengthen bilateral trade, investment cooperation and private-sector partnerships. The meetings were part of a broader trade mission by Dubai Chamber of Commerce to Ghana and Ethiopia aimed at identifying economic opportunities and supporting expansion of Dubai-based companies into African markets.
21 May 2026 · Joy Online →
The Governor of the Bank of Ghana has defended the Monetary Policy Committee's decision to hold the policy rate at 14%, citing ongoing Middle East conflict as a key source of uncertainty threatening Ghana's inflation outlook and economic stability. Although economic indicators suggest room for further rate cuts, the MPC chose to pause and monitor global developments due to risks posed by the geopolitical crisis.
21 May 2026 · Joy Online →
The Monetary Policy Committee maintained the policy rate at 14 percent, with the Bank of Ghana Governor citing the Middle East conflict as an external risk that could undermine Ghana's inflation outlook despite improving domestic economic indicators.
21 May 2026 · Joy Online →
Lasisi Oseni, owner of Lastec Auto Centre in Amasaman, sold his Mercedes-Benz E-Class to invest in a spraying oven, upgrading the workshop's paint and bodywork quality and spurring customer growth.
21 May 2026 · Joy Online →
After a one-year pause, the develoPPP Ventures programme is reopening applications in Ghana, offering high-potential, impact-driven start-ups access to €100K in non-dilutive funding and scaling support. The programme, commissioned by Germany's BMZ and implemented by GIZ and DEG Impulse, has backed over 100 start-ups across the continent and deployed over €2.5 million across four African countries in 2025 alone.
21 May 2026 · Joy Online →
Telecel Ghana's director of enterprise business argued that African governments and industry leaders should open markets and harmonise digital infrastructure policies to deepen regional trade and enable fuller participation in the digital economy. She noted that while three-quarters of Ghana has connectivity coverage, smartphone penetration remains at 46 percent, limiting access to digital services despite rapid network expansion.
21 May 2026 · Daily Guide →
Ghana has achieved significant macroeconomic improvements—inflation down to 3.4%, cedi appreciating, 6% GDP growth, and falling interest rates—but ordinary citizens report that this recovery does not match their lived experience, creating a disconnect between headline statistics and real economic conditions.
21 May 2026 · Daily Guide →
Joana Quaye's role in Quick Credit and Investment Money Lending Limited (now Bills Micro-Credit Ltd.), co-founded with businessman Richard Nii Armah Quaye in 2011, has emerged through court documents showing she held 100,000 shares as a "First Shareholder" alongside his 900,000 shares. The evidence contradicts Quaye's claims on the Delay Show that he solely established the company without his ex-wife's involvement.
21 May 2026 · Daily Guide →
The Governor of the Bank of Ghana defended the Monetary Policy Committee's decision to maintain the policy rate at 14 percent, citing lingering geopolitical tensions in the Middle East as a serious risk to Ghana's inflation outlook and economic stability. Although current economic indicators suggest room for further monetary easing, the MPC decided to pause and monitor global developments because of uncertainties surrounding the Middle East crisis.
21 May 2026 · The Chronicle →
Wholly Ghanaian-owned 7Eleven has commissioned new manufacturing facilities at Aboadi in Ahanta West Municipality to produce bolts, nuts, fasteners and advanced coating products locally, aiming to reduce import dependence and support upstream petroleum, mining, construction and manufacturing sectors.
21 May 2026 · Business & Financial Times →
GCB Bank has financed and handed over over 200 heavy-duty machines and equipment to Timeline and Innovations Company Ltd in support of Ghana's Big Push infrastructure programme. The bank has committed close to GHȼ5 billion toward the Big Push agenda and national infrastructure development.
21 May 2026 · Business & Financial Times →
Consolidated Bank Ghana has launched its agency banking initiative "Sika Agent" with an initial rollout of 168 registered agents across the Greater Accra, Central and Eastern regions. The bank aims to onboard about 1,000 agents by the end of the year and 8,000 agents by 2028.
21 May 2026 · Joy Online →
The Bank of Ghana's Governor said the country is unlikely to return to persistent cedi depreciation as ongoing economic reforms strengthen confidence in the economy. He attributed recent foreign exchange gains to stronger macroeconomic fundamentals, improved inflows including gold exports and remittances, and continued central bank monitoring.
21 May 2026 · Joy Online →
The Court of Appeal unanimously restored the operating licence of GN Savings and Loans, quashing a High Court decision that upheld its revocation during the banking sector cleanup and ruling that the Bank of Ghana's decision to revoke the licence was unfair and unreasonable. Chairman Dr Papa Kwesi Nduom said the restoration marks a turning point and that Ghana is in a positive political environment capable of supporting business recovery.
21 May 2026 · Joy Online →
The Governor of the Bank of Ghana has called for stronger integration of African financial and capital markets, arguing that economies that fail to connect their financial systems risk falling behind globally. He said Ghana is working with regional partners to support harmonised payment rails, fintech licence passporting, and a broader vision of an integrated African financial market.
21 May 2026 · Joy Online →
The Court of Appeal has unanimously overturned a High Court decision and restored the operating licence of GN Savings and Loans Company Limited, which regulators had revoked. Dr Papa Kwesi Nduom, Global Chairman of Groupe Nduom, expressed relief after what he described as seven very difficult years of legal and regulatory battle.
21 May 2026 · Joy Online →
The Court of Appeal has ordered the Bank of Ghana to restore GN Savings and Loans' operating licence, which was revoked during Ghana's banking sector cleanup exercise. Founder Dr Papa Kwesi Nduom pledged to rebuild the firm stronger than before and return it to contributing to economic growth.
21 May 2026 · Joy Online →
Ecobank Group and the African Continental Free Trade Area Secretariat have signed a memorandum of understanding to accelerate intra-African trade and support SMEs, women-led businesses, and young entrepreneurs through a $3 billion trade finance commitment to be deployed over three years.
21 May 2026 · Joy Online →
A three-member Court of Appeal panel has unanimously overturned the Bank of Ghana's 2019 revocation of GN Savings and Loans Company Limited's operating licence, ruling the central bank's decision was unfair and unreasonable. The court ordered the Receiver to return possession, management and control of the company to its shareholders, though restoring the licence and resuming regulated banking activity remain separate processes.
21 May 2026 · Joy Online →
Professor Godfred Bokpin has appealed to President Mahama to prioritize the growth of indigenous Ghanaian businesses as part of his legacy, arguing that government support for entrepreneurs must not be influenced by politics and that businesses should be assisted based on potential and capacity rather than political affiliation.
21 May 2026 · Joy Online →
The Court of Appeal has restored the operating license of GN Savings and Loans, ending a seven-year legal and regulatory battle. Owner Dr. Paa Kwesi Nduom thanked loyal employees and credited the current political environment for the resolution.
21 May 2026 · The Ghanaian Times →
Ghana's Court of Appeal has unanimously reversed a High Court ruling and restored the license of GN Savings and Loans, finding the regulatory revocation unfair and unreasonable. The company's legal representatives announced plans to enforce the judgment and compel the court-appointed receiver to return assets and management control to the original ownership.
21 May 2026 · The Ghanaian Times →
MTN Ghana organized an "SME Business Clinic" in Koforidua for about 150 small and medium-sized enterprises to build their capacities in financial management, bookkeeping, and emerging business technologies. Participants said the practical and theoretical training deepened their operational understanding and would help them strategize for business growth.
21 May 2026 · Daily Guide →
The develoPPP Ventures programme, backed by German development agencies, is reopening applications in Ghana to support impact-driven start-ups with €100k funding after a one-year pause. The programme, led by GreenTec Capital Partners and Bakerson Limited, deployed over €2.5 million across four African countries in 2025, supporting 24 start-ups across more than 10 sectors.
21 May 2026 · Business & Financial Times →
Despite posting a trade surplus of US$13.6 billion in 2025, Ghana's merchandise export basket has become less diversified over the past decade, with gold, cocoa and oil dominating. Gold's export share rose from 33 percent in 2013 to 38 percent in 2024, while "other exports" fell from 32 percent to 26 percent, and the top-10 exporters account for 74 percent of all exports.
21 May 2026 · Business & Financial Times →
The Court of Appeal has unanimously overturned the Bank of Ghana's 2019 decision to revoke the operating licence of GN Savings and Loans Company Limited, ordering the receiver to return control of the institution's assets and operations to its shareholders. The ruling ends nearly seven years of litigation stemming from the 2017–2020 financial sector clean-up.
21 May 2026 · Business & Financial Times →
The Ghana Association of Banks will run a public education campaign from May 22 to October 2026 to combat rising financial fraud and restore confidence in the banking sector. The campaign targets social engineering, Business Email Compromise, card fraud, account takeover, identity theft, and cyber intrusion.
21 May 2026 · Business & Financial Times →
Ghana has successfully concluded its 17th Extended Credit Facility programme with the IMF ahead of schedule, marking an economic turnaround with falling inflation, a stabilized cedi, improving credit ratings, and gross international reserves of nearly US$14.5 billion. The country will now transition to a 36-month Policy Coordination Instrument focused on sustaining reforms and protecting economic gains.
21 May 2026 · Business & Financial Times →
The Bank of Ghana is working with the Securities and Exchange Commission, National Insurance Commission, and National Pensions Regulatory Authority to develop a sustainable finance roadmap to ensure green finance practices are aligned across the financial sector. The BoG is implementing a 10-point sustainability plan and emphasizes integrating environmental, social, and governance risks into financial institutions' core activities and long-term objectives.
21 May 2026 · Business & Financial Times →
Ghana's private sector credit has expanded by close to 19 percent following economic stabilization, with banks reopening credit access. However, the authors argue that while lending is recovering, it is flowing disproportionately toward safer, faster sectors rather than activities that drive productive economic transformation.
21 May 2026 · Business & Financial Times →
Joy Online's The Career Trail Season 4 airs its fourth episode featuring Dr. Kobbina Tuyee Awuah, CEO of Crown Peak Holdings, discussing how global franchises like Burger King and Pinkberry entered Ghana and the business challenges involved.
21 May 2026 · Joy Online →
Ghana will have access to the final US$318 million tranche of its IMF Extended Credit Facility immediately after the IMF Board approves the sixth programme review on July 27, 2026, according to IMF Mission Chief Dr. Ruben Atoyan. If approved, the total amount Ghana receives under the programme since May 2023 would reach US$3.2 billion.
21 May 2026 · Joy Online →
A banking consultant predicts that the legal dispute over GN Savings and Loans will proceed to Ghana's Supreme Court, as one party is likely to challenge the Court of Appeal's recent ruling that restored the company's licence. The consultant noted that the banking sector cleanup has involved multiple court actions and that GN Savings and Loans was one of several financial institutions affected during the exercise.
21 May 2026 · Joy Online →
The CEO of Dalex Finance says restoring GN Savings and Loans' licence does not mean the institution has fully recovered, cautioning that rebuilding the bank and regaining public confidence will be difficult. According to him, a bank requires more than legal licence restoration — it needs operational systems, capitalization, governance, liquidity, regulatory supervision, and public confidence.
21 May 2026 · Joy Online →
Consolidated Bank Ghana has unveiled its "Sika Agent" agency banking initiative to expand financial services access to underserved and hard-to-reach communities across the country through accredited agents. The Deputy Managing Director described the rollout as part of the bank's transformation agenda to make banking services more accessible, secure and convenient for individuals and businesses.
21 May 2026 · Joy Online →
The Bank of Ghana reports the non-performing loan ratio fell to 18.0% from 23.6%, reflecting improved bank credit and reduced NPL stock, though elevated credit risk persists and requires strict regulatory compliance. Total banking sector assets expanded 26.6% year-on-year to GH¢493.9 billion in April 2026, with the Capital Adequacy Ratio strengthening to 22.3%.
21 May 2026 · Joy Online →
The Vice President of Group Ndoum welcomed the Court of Appeal's ruling in favour of GN Savings and Loans, saying the judgment vindicated the group's position that it committed no wrongdoing to justify the Bank of Ghana's decision to revoke its operating licence. He argued the action was unwarranted and said the ruling brought relief to founder Papa Kwesi Nduom and his family.
21 May 2026 · Joy Online →
Dr. Gideon Boako, Deputy Ranking Member on Parliament's Finance Committee, has cautioned that commercial banks may soon reject certain foreign exchange deposits and urged individuals holding dollars to deposit them before possible restrictions take effect, citing broader financial sector challenges linked to the Bank of Ghana's revision of the cash reserve ratio on foreign deposits.
21 May 2026 · Joy Online →
Typists in Kumasi, including Eunice Asante Mensah ("Celebrity Typist"), continue to operate typewriters in locations such as Manhyia, serving customers who value the authenticity and reliability of manually prepared documents. Mensah, who began typewriting in 2007 after completing a Secretariat course, has built nearly two decades of experience and gained national television recognition.
21 May 2026 · Joy Online →
The Bank of Ghana reports that reserve money growth slowed significantly to 3.6% in April 2026 from 38% a year earlier, while broad money supply expanded at 22.2% down from 26.7%, reflecting the central bank's tight monetary policy stance.
21 May 2026 · Joy Online →
The Court of Appeal has ruled in favour of GN Savings and Loans and ordered the Bank of Ghana to restore its revoked licence and return assets to shareholders. Papa Kwesi Nduom's counsel argued that the BoG and High Court failed to follow appropriate regulatory procedures before revoking the licence seven years ago, overlooking that the institution had sufficient capital to continue operations.
21 May 2026 · Joy Online →
The Ghana Standards Authority will roll out a mobile application allowing consumers to scan and verify whether products meet national standards, as part of efforts to combat fake and substandard goods on the market. The app aims to empower consumers to make informed choices and will work on Android, iPhone, and other smartphones.
21 May 2026 · Joy Online →
Telecommunications company MTN Ghana organised a business development forum in Koforidua bringing together about 150 SME operators to strengthen capacity in financial management, bookkeeping, packaging, labelling, and digital technology adoption. The SME Business Clinic is part of a wider initiative being rolled out across six regions this year.
21 May 2026 · Joy Online →
The Court of Appeal ruled in favour of businessman and politician Dr Papa Kwesi Nduom in a legal battle linked to his defunct GN Savings and Loans. Nduom, whose banking operations were affected during Ghana's financial sector clean-up exercise seven years ago, expressed optimism about the future and signalled plans to return to work.
21 May 2026 · Joy Online →
Ghana's government through GIADEC and TDC has partnered with ARISE Integrated Industrial Platforms to develop an integrated industrial park in Tema spanning approximately 100 to 120 hectares. The parties incorporated Tema Integrated Industrial Parks Company Limited in April 2026 as a special purpose vehicle, with site preparation activities underway.
21 May 2026 · Joy Online →
MTN Group Senior Vice President Ebenezer Asante called for targeted reforms and innovative business models to reduce risks facing Ghanaian businesses, particularly those operating informally or in concentrated sectors. He stressed the need for tailored regulatory frameworks to support local enterprises and noted that some businesses are diversifying through capital market opportunities and improved governance structures.
21 May 2026 · Joy Online →
Ghana's Trade Minister Elizabeth Ofosu-Adjare is leading a high-level delegation to China to attract strategic investments into Ghana's industrial and agribusiness sectors as part of the government's industrial transformation programme. The delegation, which includes officials from multiple ministries and agencies, is participating in a China–Ghana Investment Forum and touring major industrial facilities in Hubei and Wuhan Provinces.
21 May 2026 · Joy Online →
Dr. Gideon Boako, Deputy Ranking Member on Parliament's Finance Committee, has cautioned that commercial banks may begin rejecting certain foreign exchange deposits starting next month, and advised individuals holding foreign currency to deposit them without delay. He attributed the anticipated development to recent policy shifts and adjustments to the Bank of Ghana's cash reserve requirements, though he did not specify which categories of deposits would be affected or cite a formal directive.
21 May 2026 · The Chronicle →
Ghana Integrated Aluminium Development Corporation, Tema Development Corporation, and ARISE Integrated Industrial Platforms have incorporated a special purpose company, Tema Integrated Industrial Parks Company Limited, to develop a 100–120 hectare industrial park in Tema's Heavy Industrial Area. The project, part of President Mahama's industrialisation agenda, will support downstream processing, attract investment, and create jobs.
21 May 2026 · Business & Financial Times →
The Director of Port and the Acting Commissioner of the Customs Division held a working visit at Tema Port to strengthen collaboration and operational efficiency, with discussions centred on enhancing trade facilitation, cargo clearance processes, revenue mobilisation, security, and inter-agency cooperation.
21 May 2026 · Business & Financial Times →