Indian firms completed 162 outbound acquisitions worth over $18bn in 2025, a 34% increase from the previous year, driven by slower domestic growth. Major deals include Sun Pharmaceuticals' $11.75bn acquisition of Organon & Co, Tata Motors' $4.4bn purchase of Iveco, and Coforge's $2.35bn acquisition of Encora.
25 May 2026 · Joy Online →
Absa Bank Ghana conducted a Risk Management Seminar for business and commercial banking clients, featuring expert presentations on macroeconomic trends and strategies for managing foreign exchange, inflation, and interest rate risks. The bank's executives emphasized the importance of helping businesses build resilience and leverage opportunities in an unpredictable economic environment.
25 May 2026 · Joy Online →
MTN Group reaffirmed its commitment to Africa's digital transformation and youth empowerment on Africa Day, stating its mission is focused on unlocking Africa's potential through technology and connectivity. The pan-African telecoms firm serves over a quarter of a billion customers across 19 markets and employs about 15,000 people representing 74 nationalities.
25 May 2026 · Joy Online →
A U.S. Court of Appeals for the Federal Circuit revived $82.2 million of a $104.6 million verdict that Versata Software won against Ford for breaching a licensing contract and misappropriating trade secrets, reinstating jury damages from 2022 and sending the case back for a new trial on trade-secret theft damages.
25 May 2026 · Joy Online →
Shareholders of Activision Blizzard reached a $250 million settlement over allegations that the company's former executives and Microsoft shortchanged them during Microsoft's $75.4 billion acquisition in 2023. Microsoft will fund 40% of the settlement, with the remainder covered by directors' and officers' liability insurance.
25 May 2026 · Joy Online →
Google has appealed a federal judge's 2024 ruling that found the company held illegal monopolies in online search and related advertising, arguing the judge made legal errors and that its market dominance resulted from developing a superior search engine rather than anticompetitive conduct. The ruling had ordered Google to share some search data with competitors to restore competition.
25 May 2026 · Joy Online →
Standard Chartered CEO Bill Winters apologised on Friday for upset caused by his remarks about artificial intelligence replacing "lower value" human workers, but did not retract the comments. The bank is cutting nearly 8,000 jobs as it adopts AI technology, with about 15% of back-office support roles affected.
25 May 2026 · Joy Online →
SpaceX's xAI startup, which promises to capture a portion of a multi-trillion-dollar AI market, has seen its Grok chatbot flop with U.S. government customers. Federal inventory records show only three instances of xAI or Grok use among over 400 publicly identified government AI deployments, compared to 234 involving OpenAI's models, 33 involving Alphabet products, and 26 involving Anthropic's Claude.
25 May 2026 · Joy Online →
7 Eleven Energy Service has commissioned a manufacturing facility in Aboadze to produce industrial bolts, nuts, and advanced coated products for petroleum, mining, construction, energy and infrastructure sectors. The facility is intended to reduce import reliance, create skilled jobs, and strengthen indigenous manufacturing capacity.
25 May 2026 · The Chronicle →
The Somanya-Kpong road in the Eastern Region's Yilo Krobo and Lower Manya Krobo municipalities has begun bituminous surfacing works as of May 22, 2026, following years of deterioration and public complaints. The reconstruction project, which started from Somanya Roundabout, involves primer seal application followed by asphalt laying to address the road's poor condition and improve durability.
25 May 2026 · The Chronicle →
Vice President Naana Jane Opoku-Agyemang commissioned 100 newly acquired 29-seater buses for Metro Mass Transit Limited, the first batch of a planned 300-bus procurement programme. The initiative aims to improve public transportation, support night operations, assist shift workers, and enhance mobility, with route planning to be informed by commuter demand data.
25 May 2026 · The Chronicle →
The Financial Stability Council has intensified reforms aimed at reducing risks and strengthening Ghana's financial sector through increased regulatory cooperation, technical team training, and new monitoring systems for virtual assets. The FSC is also preparing for Ghana's third Mutual Evaluation by GIABA to strengthen financial security measures against money laundering and terrorism financing.
25 May 2026 · The Chronicle →
The Bank of Ghana Governor said significant operating and OCI losses in 2025 will not recur at the same scale in 2026, citing changed conditions including expected lower cedi revaluation losses and reduced open market operation costs as inflation moderates.
25 May 2026 · The Chronicle →
Enterprise Insurance paid more than GHȼ280 million in claims to policyholders across Ghana in 2025, supporting thousands of individuals, families, and businesses. The company holds an AAA credit rating from GCR Ratings and has expanded its Same Day Motor Claims Service, with over 2,000 customers benefiting from same-day settlements worth more than GHȼ2 million by end of 2025.
25 May 2026 · Business & Financial Times →
Fitch Ratings upgraded United Bank for Africa Ghana's Long-Term Issuer Default Rating to 'B' from 'B-' with a Positive Outlook, and its Viability Rating to 'B' from 'B-', citing improved asset quality, profitability, and capital strength. The upgrade reflects improvements in Ghana's sovereign rating and the bank's strong financial metrics, including an NPL ratio of 2.1% at end-2025 and a Total Capital Adequacy Ratio of 22.7% in Q1 2026.
25 May 2026 · Business & Financial Times →
Millennium Marathon has announced a Corporate Wellness Index to rank companies based on their employee wellness programmes, with the initiative aimed at demonstrating the link between employee wellness and workplace productivity. The index was unveiled at the Millennium Marathon Corporate Wellness Forum in Accra, which will become an annual event to strengthen dialogue around employee health, fitness and mental wellness.
25 May 2026 · Business & Financial Times →
The HR Certification Centre has recognised Portia Napaaba for her work advancing human resource management across mining, manufacturing, and energy sectors, and for her community engagement in youth empowerment and career mentorship.
25 May 2026 · Business & Financial Times →
Traders at Accra's Kantamanto Market will now pay GHC100 annually per shop for a Business Operating Permit following an agreement between the Kantamanto Obroniwawu Businesses Association and the Accra Metropolitan Assembly. The reduced fee, effective from 11 May 2026, is meant to ease financial pressure on traders recovering from a fire that destroyed about 60 per cent of the market in January 2025.
25 May 2026 · Joy Online →
The Bank of Ghana is awaiting legal advice from external lawyers and the Receiver before deciding whether to comply with or challenge a Court of Appeal ruling that ordered the restoration of GN Savings and Loans' licence and the return of the company's assets to shareholders. The BoG's decision will depend partly on the Receiver's assessment of how the ruling could affect other institutions affected by the banking sector clean-up and previously revoked licences.
25 May 2026 · Joy Online →
Huawei said its high-end chips will have transistor density equivalent to 1.4-nanometre processes in five years, as China seeks to counter U.S. sanctions on semiconductor technology. The company unveiled a new "Tau Scaling Law" principle at a Shanghai semiconductor symposium that focuses on reducing signal and data transit times through chips rather than making transistors smaller.
25 May 2026 · Joy Online →
The IMF has raised concerns over rising non-performing loans in Ghana's banking sector, particularly among state-owned banks, and called for stronger supervisory action despite overall improvements under its Extended Credit Facility programme.
25 May 2026 · Joy Online →
The IMF has warned that Ghana's banking sector reforms remain incomplete, noting that while overall sector stability has improved under the current economic programme, key vulnerabilities persist—particularly rising non-performing loans among state-owned banks that require urgent regulatory attention.
25 May 2026 · Joy Online →
The IMF has flagged that specialised deposit-taking institutions could become a new vulnerability in Ghana's financial system if regulatory and supervisory gaps are not addressed. While the banking sector has improved under the Extended Credit Facility programme, the IMF warns that non-performing loans remain high, especially in state-owned banks.
25 May 2026 · Joy Online →
The IMF says Ghana is close to completing its banking sector clean-up, with only a few banks remaining to be fully stabilised. The country's banking reforms have largely succeeded in restoring capital adequacy across the system after the Domestic Debt Exchange Programme weakened bank balance sheets, with authorities conducting a recapitalisation drive that has brought most banks back to required prudential standards.
25 May 2026 · Joy Online →
The IMF Mission Chief said most Ghanaian banks have been recapitalised and restored to regulatory compliance following stress from the domestic debt restructuring programme. The recapitalisation programme was aimed at restoring sector health after domestic debt restructuring had significantly weakened bank capital positions.
25 May 2026 · Joy Online →
The IMF has defended the Bank of Ghana's aggressive monetary policy tightening, stating it was necessary to stabilise the economy during Ghana's crisis period. The central bank posted a GH¢15.6 billion loss in 2025, up from GH¢9.49 billion in 2024, with negative equity worsening to GH¢93.82 billion, largely stemming from high liquidity sterilisation costs and tight monetary policy measures.
25 May 2026 · Joy Online →
The International Monetary Fund has backed the Bank of Ghana's handling of its financial crisis, with IMF Mission Chief Ruben Atoyan stating that the central bank's massive losses—which reached GH¢15.6 billion in 2025 and pushed negative equity to GH¢93.82 billion—were necessary costs of stabilising Ghana's economy through aggressive monetary policy.
25 May 2026 · Joy Online →
The IMF Mission Chief has rejected criticism that the Bank of Ghana was overly aggressive in its monetary policy, describing the central bank's approach as "very prudent" and noting that outcomes are recognised by people on the ground. He explained that central banks often incur high costs when managing inflation and stabilising financial systems during periods of economic distress.
25 May 2026 · Joy Online →
The IMF Mission Chief rejected suggestions that the Bank of Ghana overreached in its monetary tightening efforts, calling the measures "very prudent" despite the central bank recording a GH¢15.6 billion loss in 2025, up from GH¢9.49 billion in 2024. He argued there is a cost to conducting monetary policy in a high-interest-rate environment aimed at fighting inflation and stabilising the economy.
25 May 2026 · Joy Online →
The Electricity Company of Ghana invested over GH¢3 million in the first quarter to improve power reliability in 40 communities across six districts in the Accra West Region. The company attributed frequent transformer damage to illegal connections, uncleared vegetation, and vandalism.
25 May 2026 · The Ghanaian Times →
Vice President Professor Naana Jane Opoku-Agyemang, speaking at the ACI World Congress 2026 in Accra, called for the ethical and responsible use of artificial intelligence to strengthen Africa's financial markets and support economic transformation. She emphasized that while AI and digital finance create opportunities to improve efficiency and expand financial access, African countries must ensure innovation is guided by strong ethical standards, accountability, and robust regulatory systems.
25 May 2026 · The Ghanaian Times →
The develoPPP Ventures programme, commissioned by Germany's Federal Ministry for Economic Cooperation and Development and implemented by GIZ and DEG Impulse, has returned to Ghana after a one-year pause to support impact-driven start-ups. The programme, led locally by GreenTec Capital Partners and Bakerson Limited, has supported more than 100 start-ups across Africa and deployed more than €2.5 million across four African countries in 2025 alone.
25 May 2026 · The Ghanaian Times →
Absa Bank Ghana's Finance team engaged Academic City University College students in a career panel discussion under its Ready to Work programme, focusing on career planning, financial discipline, budgeting, and responsible money management as students prepare for the workforce.
25 May 2026 · The Ghanaian Times →
The Bank of Ghana's First Deputy Governor said strengthening economic resilience is becoming a central policy priority for emerging economies, as global liquidity becomes more volatile amid geopolitical tensions and rising inflation risks. He noted that while capital flows provide opportunities, they also carry significant risks in an era where the abundant global liquidity of the past decade has shifted.
25 May 2026 · Business & Financial Times →
Real private sector credit grew 24.5 percent year-on-year in April 2026, reversing a 7.3 percent contraction recorded in May 2025, as the Bank of Ghana's monetary easing cycle reduced interest rates and shifted lending away from government bonds toward private borrowers. Total advances reached GH¢115.2 billion, with services accounting for 36.7 percent of distributed credit.
25 May 2026 · Business & Financial Times →
Indian firms spent more than $18bn on outbound acquisitions in 2025, a 34% increase from the previous year, driven by slower domestic growth. Major deals include Sun Pharmaceuticals' $11.75bn acquisition of Organon & Co and Tata Motors' $4.4bn purchase of Iveco.
25 May 2026 · Joy Online →
The Centre for International Maritime Affairs, Ghana has commended the country's successful completion of its IMF-supported programme and exit from the Extended Credit Facility arrangement. CIMAG says the development restores macroeconomic stability and presents opportunities for Ghana's maritime industry, port sector, and wider business community; easing inflation and reduced exchange rate volatility are expected to benefit importers, exporters, and freight forwarders.
25 May 2026 · Joy Online →
The Ghana Investment Promotion Centre has urged Ethiopian businesses to use Ghana as an entry point to West African markets, citing strategic location and industrial opportunities, and has outlined steps for establishing operations including business registration and engagement with GIPC.
25 May 2026 · Joy Online →
The Bank of Ghana assures it has international reserves of about US$14.42 billion as of May 2026 to meet seasonal forex demand, describing the cedi's depreciation of more than 8% against the US dollar as temporary and driven by demand pressures from rising oil import costs due to Middle East conflict.
25 May 2026 · Joy Online →
ShEquity Partners, in partnership with the Agency for Business and Economic Development and Greentec Capital Africa Foundation, has selected 10 finalist Ghanaian gender-smart climate-focused SMEs for its Gender-Smart Climate Technical Assistance Facility. The selected companies will receive investor coaching and carbon certification support to access climate finance and global carbon market opportunities.
25 May 2026 · Joy Online →
Atlantic Meridian EV, Ghana's first end-to-end electric mobility company, has appointed broadcaster Giovani Caleb as its official Brand Ambassador to drive mass-market adoption of electric vehicles. The company operates an integrated ecosystem (EV 360) combining car sales, a growing charging station network, and after-sales maintenance services.
25 May 2026 · Joy Online →
The Ghana Association of Banks has launched a nationwide anti-fraud campaign involving banks, law enforcement, regulators and government institutions to protect customers and strengthen trust in the financial system. The campaign acknowledges that digital banking and fintech innovations, while expanding access, have created new opportunities for sophisticated fraudsters and pose a risk to public confidence in financial institutions.
25 May 2026 · Joy Online →
University of Ghana economist Patrick Asuming says the Ghana cedi's recent depreciation is within a manageable range and does not warrant alarm, noting that the Central Bank has moderated currency swings. He stressed that exchange rate fluctuations are normal and should only trigger concern if they involve sustained, sharp losses over a short period.
25 May 2026 · Joy Online →
Economist Patrick Asuming warns that Ghana cannot rely on short-term currency stabilisation without structural economic reforms to reduce dependence on gold exports. While recent fiscal and monetary measures have stabilised financial pressures in the short term, long-term cedi strength depends on balance of payments, export performance, and economic diversification.
25 May 2026 · Joy Online →
Professor Patrick Asuming of the University of Ghana attributes recent cedi depreciation partly to escalating global conflicts including U.S.-Iran tensions and the Russia-Ukraine war, which create economic uncertainty and push investors toward safer currencies. He notes that such conflicts affect oil supply and international trade, but says the cedi's decline has remained moderate so far.
25 May 2026 · Joy Online →
UBA Ghana reported profit before tax of GH¢629.93 million in 2025, up 148 percent from GH¢253.58 million in 2024, driven by growth in net interest earnings, fees and commissions, and improved asset quality. Total assets expanded 17.2 percent to GH¢11.54 billion, supported by deposit growth of 17.9 percent to GH¢8.59 billion.
25 May 2026 · Business & Financial Times →
The African Continental Free Trade Area Secretariat and Ecobank Group have signed a Memorandum of Understanding to deepen economic integration and expand access to trade and finance opportunities for African businesses, particularly SMEs, women-led businesses, and youth entrepreneurs. The partnership builds on Ecobank Group's US$3 billion trade finance commitment announced at the Africa-Forward Summit in Nairobi.
25 May 2026 · Business & Financial Times →
Mahogany Consult's managing partners participated in the 2026 PROI Worldwide Global Summit in Tokyo from May 12–15, where they networked with communications leaders from Africa and globally, exploring trends in reputation management and strategic communications.
25 May 2026 · Business & Financial Times →
President Mahama announced that new security screening equipment will be installed at Accra International Airport from August, allowing passengers to travel through without removing shoes and belts, as part of efforts to modernise airport operations and position Ghana as a leading aviation hub in West Africa.
25 May 2026 · Joy Online →
The Ghana Gold Board has agreed with Royal Ghana Gold Limited to supply up to one metric tonne of gold weekly for local refining, the board's second such partnership in 2026, as part of Ghana's effort to refine all domestically mined minerals before export by 2030.
25 May 2026 · Joy Online →
Delta Air Lines celebrates two decades of continuous nonstop operations between Accra and New York, having transported two million passengers and connected travelers to more than 215 destinations worldwide. The Chief of Staff highlighted the airline's role in strengthening Ghana–U.S. relations and facilitating business, tourism, education, and cultural exchange.
25 May 2026 · Joy Online →
The Executive Director of the Africa Sustainable Energy Centre has supported calls for private sector participation in the Electricity Company of Ghana's commercial operations, arguing that it would address commercial losses exceeding 30 percent and improve efficiency and accountability through competition in revenue collection.
25 May 2026 · Joy Online →
The Registrar of Companies has extended the deadline for filing Annual Returns and renewing business names from April 30 to June 30, 2026, to give businesses additional time to comply with statutory requirements. Companies in default for five years or more will face a GH¢2,000 penalty after the deadline, while those in default for one to four years will pay GH¢1,000, and the extension applies only to companies with a December 31 financial year-end.
25 May 2026 · Joy Online →
The Centre for International Maritime Affairs Ghana's executive director has commended Ghana's completion of its IMF Extended Credit Facility programme, saying the exit reflects improved fiscal discipline and restored investor confidence that will benefit maritime, port, and trade operations. He notes that lower inflation and reduced exchange rate volatility will help importers, exporters, and freight forwarders operate with greater efficiency and strengthen Ghana's position as a trade gateway in West Africa.
25 May 2026 · Business & Financial Times →
The Bank of Ghana's Monetary Policy Committee kept the policy rate unchanged at 14 percent while raising the Cash Reserve Ratio to a uniform 20 percent, effective 4 June, splitting its tightening strategy in response to worsening external conditions including Middle East geopolitical tensions and crude oil price increases.
25 May 2026 · Business & Financial Times →
A University of Ghana economics lecturer has said the recent depreciation of the Ghana cedi is manageable and within acceptable margins compared to historical rates, and that the Bank of Ghana has sufficient reserves and is using a controlled flexibility framework in the forex market.
25 May 2026 · Joy Online →
MTN Ghana has announced that transfers from Mobile Money wallets to bank accounts will attract a fee of 0.75 percent per transaction, capped at GHS 5, effective from June 1, 2026.
25 May 2026 · Joy Online →
Ghana will host the ISEAL Global Sustainability Symposium on 9 June 2026 in Accra, bringing together supply chain leaders, policymakers and sustainability experts as the EU's Deforestation Regulation takes full effect by 30 December 2026. The summit will focus on making supply chains more resilient and equitable amid climate shocks, market volatility and tightening regulation.
25 May 2026 · Joy Online →
The Ghana Revenue Authority has announced a two-month amnesty from June 1 to July 31, 2026, for owners and users of uncustomed vehicles to regularise their documentation without penalties. After the amnesty expires, Customs will begin nationwide unannounced inspections to identify and impound uncustomed vehicles.
25 May 2026 · Joy Online →
The Ghana cedi extended its year-to-date loss to 10.11% against the dollar in the interbank market due to demand pressures, closing at GH¢11.63 to a dollar. The central bank's cautious stance on forex intermediation despite IMF assurances of a US$385 million disbursement has contributed to the depreciation, with analysts expecting the cedi to trade within GH¢11.35–11.86 per dollar over the next two weeks.
25 May 2026 · Joy Online →
Discovery Health has rebranded its employer health insurance business Vitality Health International (Africa) as Discovery Health – Global Health Solutions, effective 1 January 2026. The rebrand integrates the Vitality wellness programme with expanded healthcare offerings while maintaining partnerships with in-market insurers including Acacia Health Insurance in Ghana.
25 May 2026 · Joy Online →