The Electricity Company of Ghana (ECG) plans to redeploy old transformers replaced during its upgrade programme to underserved communities as part of efforts to extend reliable power to areas with growing demand. The initiative, which includes redeployment to locations such as Akwetia, Tema, and other earmarked areas, forms part of a broader nationwide plan to strengthen power distribution and improve electricity supply stability.
1 June 2026 · Joy Online →
Universal Music Group has rejected billionaire Bill Ackman's investment firm Pershing Square's $64.3bn takeover offer, saying it "fundamentally and materially undervalues" the business. The company, which owns labels such as EMI and Island Records and runs Abbey Road Studios, said the offer was "not in the best interests" of the company, shareholders, artists, fans and other stakeholders.
1 June 2026 · Joy Online →
The Chief Executive Officer of Subin-Akwaboso Community Bank PLC has called for intensified efforts to combat money laundering in Ghana's financial sector, stating that the practice threatens economic stability and development. He emphasized that the bank is committed to ethical banking practices and urged the Bank of Ghana and other regulators to strengthen anti-money laundering enforcement.
1 June 2026 · Joy Online →
Access Bank Ghana and Deloitte Ghana jointly hosted a Women Business Workshop to provide female entrepreneurs with practical financial knowledge and strategic insights. The bank's Head of Women Banking emphasized that while capital is important, many women entrepreneurs need financial literacy and strategic direction to scale their businesses.
1 June 2026 · The Chronicle →
Anthropic, the company behind chatbot Claude, has filed confidential paperwork with the US Securities and Exchange Commission for an initial public offering this year, with a recently private valuation exceeding $965 billion. The move tests investor appetite for AI firms' valuations amid similar plans by SpaceX and reported consideration by rival OpenAI.
1 June 2026 · Joy Online →
At a business roundtable in Accra, policymakers and corporate leaders argued that Africa's dependence on extractive industries has generated wealth without sufficient domestic retention, and urged a shift away from GDP-led assessments toward frameworks centred on sovereignty, domestic value retention, and regional industrial integration.
1 June 2026 · Business & Financial Times →
Telecel Ghana has begun a nationwide network infrastructure expansion programme to improve service quality, increase capacity, and deliver faster connectivity. The operator is deploying newer technologies across more than 100 high-traffic sites this year, with over 1,000 sites nationwide undergoing varying levels of enhancement as part of the broader network modernisation effort.
1 June 2026 · Business & Financial Times →
Ghana and the United Kingdom are holding an investment summit in London themed "The Reset Agenda: Restoring Investor Confidence to Unlock Opportunities and Shared Prosperity," with a focus on repositioning Ghana's cocoa sector. The Cocoa Marketing Company, Ghana's sole authorized cocoa exporter, is working to convert the country's reputation for premium cocoa into investment opportunities across the value chain, moving beyond raw commodity exports.
1 June 2026 · Joy Online →
Telecel Ghana has begun a nationwide network infrastructure expansion programme to improve service quality and increase capacity across Ghana. The operator is deploying newer technologies on more than 100 high-traffic sites this year, with over 1,000 sites nationwide undergoing varying levels of enhancement as part of the broader network modernisation programme.
1 June 2026 · Joy Online →
Fidelity Bank Ghana announced record financial results for 2025, with profit before tax rising to GHS 1.46 billion, a 21% increase from GHS 1.21 billion in 2024. Operating income grew 14% to GHS 2.68 billion, and total assets increased 17% to GHS 25.98 billion, as the bank strengthened its position as the largest privately owned Ghanaian bank.
1 June 2026 · Joy Online →
Dr. Daniel Fahene Acquaye, CEO of Agri-Impact Limited and Chairman of the CSIR–Crop Research Institute, will lead a delegation to the Ghana-UK Investment Summit in London on 1–2 June 2026, where he will participate in a high-level panel on positioning Ghana as an agribusiness investment hub and meet with potential investors and development partners.
1 June 2026 · Joy Online →
SellQuic has launched an AI-powered assistant that automatically responds to customer inquiries across WhatsApp, Instagram, and websites, addressing the challenge of small vendors struggling to keep up with message volumes on these platforms.
1 June 2026 · Joy Online →
Deputy Minister Sampson Ahi said the government is committed to tackling underlying factors driving transport fare increases, including fuel prices and operator costs, ahead of a planned 20 per cent increase set for June 2. The government is acquiring more vehicles for private operators and engaging with transport sector stakeholders to reach a mutually beneficial resolution.
1 June 2026 · Joy Online →
The Real Estate Agency Council is preparing to intensify enforcement against unlicensed agents and brokers across Ghana, with plans for office inspections and legal action against operators without licences. Jacob Adofo-Ansong, President of GARIB and Board Member of the Council, urged industry professionals to report illegal practices and support efforts to protect consumers and restore confidence in the sector.
1 June 2026 · Joy Online →
The Chamber of Oil Marketing Companies projects petrol prices will increase by 4.2% to 6.2% and LPG by up to 2.24%, while diesel is expected to decline by 1.65% to 2%. COMAC attributed the mixed movements to international market developments and ongoing government-industry interventions on fuel pricing.
1 June 2026 · Joy Online →
The Ghana National Fire Service has expressed concern over fire safety compliance at the Kpone industrial enclave, which hosts critical power generation, oil, and gas facilities, warning that a major fire outbreak could severely affect the country's energy security and economy. The GNFS is intensifying inspections and enforcement to ensure compliance with fire safety standards.
1 June 2026 · Joy Online →
An Indian court ruled that Google infringed trademark rights by allowing rivals to bid on another company's name as an advertising keyword, ordering damages of $31,600 and sparking calls from Indian businesses for broader change to online advertising practices.
1 June 2026 · Joy Online →
Shares in Samsung Electronics and LG Electronics rallied on Monday following expectations of meetings between Nvidia CEO Jensen Huang and Korean executives to discuss AI and robotics partnerships. South Korean semiconductor exports surged to a record high in June amid the AI boom.
1 June 2026 · Joy Online →
The Electricity Company of Ghana has begun a GH¢34 million transformer replacement project at the Batsonaa Primary Substation in Accra, replacing two 26MVA transformers with higher-capacity 39MVA units as part of a nationwide infrastructure upgrade programme to improve electricity supply reliability and network capacity. The project is intended to address challenges such as intermittent power outages and low voltage in the area, which serves residential communities and a significant number of industries.
1 June 2026 · The Ghanaian Times →
The Social Security and National Insurance Trust has assured Ghanaian workers that their contributions are being invested in assets from which they will directly benefit, including housing facilities that SSNIT is marketing to workers with support from the Ghana Employers Association and labour unions.
1 June 2026 · The Ghanaian Times →
At the 10th Ghana CEO Summit 2026, the Group Executive Chairman of the KGL Group of Companies called for deliberate continental effort to build resilient African enterprises capable of competing globally, saying Africa's transformation depends on strong institutions anchored on bold leadership and discipline rather than potential alone. He urged African nations to protect and nurture responsible indigenous enterprises rather than treat them with suspicion simply because they grow.
1 June 2026 · The Ghanaian Times →
Wave Mobile Money highlighted youth opportunity and digital innovation at the Basketball Africa League Business Brunch in Kigali, bringing together leaders from sport, finance, policy, technology and investment to discuss how inclusive digital infrastructure can support young African entrepreneurs.
1 June 2026 · Business & Financial Times →
Ghana's tax system is becoming more data-driven, enforcement-oriented and ambitious than ever, according to law firm BELA, driven by the Ghana Revenue Authority's expanding digital capabilities, reforms to value-added tax administration, and transfer pricing enforcement. The government is intensifying domestic revenue mobilisation ahead of the IMF programme's expected conclusion in 2026, with the Integrated Tax Administration System launched on April 1, 2026 automating key tax functions and enabling continuous oversight.
1 June 2026 · Business & Financial Times →
Heath Goldfields Limited, a wholly Ghanaian-owned company, has launched a US$20 million five-year community development plan for the Bogoso-Prestea enclave covering education, healthcare, infrastructure, skills development and local job creation, with projects including a nursing training college, UMaT campus, technical vocational centre, school blocks, health clinics and community infrastructure improvements.
1 June 2026 · Business & Financial Times →
Baibhav Biswas, Country Head of Olam Agri Ghana, was honoured as CEO of the Year in Agribusiness at the 2026 Ghana CEO Summit in Accra. Under his leadership, Olam Agri commissioned Ghana's first purpose-built pasta manufacturing facility, supporting food security, import substitution, and employment creation.
1 June 2026 · Business & Financial Times →
Thousands of customers of Equity Savings and Loans Limited have been unable to access their deposits for months as the institution apparently collapses, with some branches closed or no longer operating. The situation has left depositors unable to meet basic needs, run businesses, or service planned investments, and has raised concerns about stability in Ghana's savings and loans sector.
1 June 2026 · Joy Online →
A technical brief by Dr. Alexander Quaicoe examines Ghana's Free Zones Programme, established in 1995 and launched in 1996 to shift the economy toward export-led growth, using econometric analysis from 1998 to 2022 to assess its impact on exchange rate, economic growth, and inflation while providing reform recommendations.
1 June 2026 · Joy Online →
Ghana's Finance Minister announced that the Cocoa Board will issue commercial papers to raise approximately US$1 billion to finance cocoa bean purchases for the 2026/2027 crop season, part of a strategy to reduce reliance on traditional offshore syndicated loans. The issuance, expected in the coming weeks and structured in three tranches, remains subject to parliamentary passage of a new Cocoa Bill and presidential assent.
1 June 2026 · Joy Online →
The Bank of Ghana Governor says geopolitical tensions in the Middle East have slowed efforts to reduce interest rates to single-digit levels, as global market uncertainties have complicated the central bank's monetary easing plans despite downward inflation trends.
1 June 2026 · Joy Online →
The Governor of the Bank of Ghana has announced plans to establish an International Financial Services Centre in Accra to position Ghana as a leading financial hub and attract international investors. He stated the vision is to create a competitive financial services ecosystem within the next two or three years.
1 June 2026 · Joy Online →
President Mahama told UK investors that Ghana is accelerating major investments in roads, railways, ports, housing, and aviation through a $10 billion five-year Big Push Infrastructure Programme. He said the government is also modernising transport corridors and plans to establish a new national airline to improve connectivity and facilitate trade.
1 June 2026 · Joy Online →
Scientists at KNUST's TCC-CIMET research centre are deploying quantum computing methods to validate Ghana's laterite-clay and agricultural fibre composites for certified construction, potentially opening the country's building code to locally sourced, low-carbon materials for the first time. Ghana generates an estimated 500,000 tonnes of palm-nutshell and coconut husk waste annually, with laterite deposits abundant across the country, but these materials remain absent from approved load-bearing construction specifications due to lack of reliable performance data.
1 June 2026 · Joy Online →
The Governor of the Bank of Ghana says the central bank is working on technological solutions to allow small businesses and individuals to raise capital through their mobile phones, with the aim of democratizing access to financing and supporting entrepreneurship across the country.
1 June 2026 · Joy Online →
President Mahama told the Ghana-UK Investment Summit that Ghana offers investors access to the ECOWAS market of over 425 million people and the African Continental Free Trade Area representing more than 1.4 billion consumers, citing the country's stable democracy, predictable governance, strong institutions, and ongoing reforms to improve investment protection.
1 June 2026 · Joy Online →
Deloitte Ghana will hold the second edition of its Banking Bootcamp from 22–24 July 2026 at Crown Forest, Bon Hotels in Gomoa, bringing together banking professionals, emerging leaders, and regulatory experts to address industry transformation through sessions on financial management, risk governance, regulatory compliance, and fraud prevention.
1 June 2026 · Joy Online →
Dr Godfred Mawuli Tettey, Convenor of Advocates for Indigenous Freight Forwarders, commended GPHA management for its swift response to Dzata-Bu residents' concerns over truck parking and sanitation, which averted a planned three-day community protest. He praised the port's timely engagement with community leaders as demonstrating responsive leadership and strengthening public trust.
1 June 2026 · Joy Online →
President Mahama announced at the Ghana-UK Investment Summit that Ghana is pursuing the establishment of a new national airline to enhance air links between Ghana, other African countries and international destinations, and to improve connectivity and facilitate trade and tourism. The government is also expanding airport infrastructure and modernising ports and logistics systems to strengthen Ghana's role as a regional aviation hub and trade gateway.
1 June 2026 · Joy Online →
The Managing Director of Bank of Africa reaffirmed the bank's commitment to supporting communities and institutions through corporate social responsibility, presenting a donation of polytanks to the Tesano Police Training School to improve water storage capacity and living conditions.
1 June 2026 · Joy Online →
President John Mahama declared Ghana open for business at a Ghana-UK Investment Summit, calling on British and international investors to make concrete commitments rather than short-term arrangements. The summit brought together government officials and investors to explore opportunities across manufacturing, technology, infrastructure, agribusiness, renewable energy, and other sectors.
1 June 2026 · Joy Online →
Some Oil Marketing Companies have begun increasing petroleum product prices from June 1, 2026, in line with the bi-weekly price review under the deregulation policy. Star Oil raised petrol to GH¢15.20 per litre, matching the National Petroleum Authority's price floor, while the Chamber of Oil Marketing Companies projects petrol could rise 4.20–6.20%.
1 June 2026 · Joy Online →
Nvidia has announced the RTX Spark, a new chip for personal computers designed for artificial intelligence applications, which will be included in Windows PCs from manufacturers including Lenovo, HP, Dell, Microsoft Surface, Asus, and MSI, set for release in autumn.
1 June 2026 · Joy Online →
President John Dramani Mahama told a diaspora meeting in London that Ghana has emerged as a model for economic recovery, with international development and financial institutions pointing to the country's macro-economic stability and policy reforms as an example for other African nations.
1 June 2026 · Joy Online →
Sports betting and gaming operator Betano presented a GH₵1 million cheque to Maximus Alexander Mill, winner of its "Ghana's Next Millionaire" promotion. Mill said he registered after seeing an Instagram advertisement in December 2025 and initially doubted the winning notification before Betano representatives confirmed the prize.
1 June 2026 · Daily Guide →
The Ghana Leather and Footwear Manufacturers Association has appealed to government to protect the local footwear industry from cheap imported shoes from China, citing data showing over 70 percent of footwear sold in Ghana between 2024 and 2025 was imported from China valued at more than $40 million, while Ghana's footwear exports remained below $1 million. The Association says the influx is collapsing local businesses, destroying jobs, and burdening domestic manufacturers with high taxes on imported raw materials.
1 June 2026 · Daily Guide →
Ghana recorded 16,733 fraud cases across banks and financial institutions in 2024, a 5% increase from 2023, with total value at risk rising to GH¢99 million; the article argues that one-time passwords (OTPs), long used for digital banking security, are no longer sufficiently secure against evolving threats.
1 June 2026 · Business & Financial Times →
Ghana's Court of Appeal unanimously overturned the Bank of Ghana's 2019 revocation of GN Savings & Loans' operating licence, finding the decision unfair and unreasonable. The ruling raises questions about the effectiveness of Ghana's banking regulation following the bank's collapse, which affected hundreds of thousands of savers including market women, farmers and teachers.
1 June 2026 · Business & Financial Times →
Ghana carries one of the widest real interest rate gaps of any single-digit inflation economy in Africa, with a real rate of approximately 10.6 percentage points, which economists say is constraining private sector credit access despite the Bank of Ghana holding its policy rate steady at 14 percent with headline inflation at 3.4 percent in April 2026.
1 June 2026 · Business & Financial Times →
Ghana's recognised road transport operators have dismissed circulating media reports of a 20% public transport fare increase scheduled for June 2, 2026, stating no such adjustment has been approved. The GPRTU and GRTCC instructed all transport stakeholders to maintain existing approved fares and warned against unilateral fare increases until further notice.
1 June 2026 · Joy Online →
Zonda Tec Ghana has handed over a GWM POER pickup truck to the Tema Regional Police Command to boost law enforcement mobility across the district. The donation is part of Zonda's "Supporting Public Service, Strengthening Communities" initiative under its "Built in Ghana, Building Ghana" agenda.
1 June 2026 · Joy Online →
The Ghana Road Transport Coordinating Council and Ghana Private Road Transport Union dismissed media reports of a planned 20% increase in public transport fares scheduled for June 2, 2026, stating no such adjustment has been approved and instructing all operators to maintain existing approved fares.
1 June 2026 · Joy Online →
The Tema Oil Refinery recorded a profit before tax of GHS 1.24 billion in 2025, its first profit in a decade, driven largely by a GHS 1.3 billion foreign exchange gain and improved crude oil processing following maintenance works. The State Interests and Governance Authority attributed the turnaround to improved revenue generation and financial management, though cautioned that challenges including liquidity pressures and accumulated deficits remain.
1 June 2026 · Joy Online →
The Chairman of Ghana's ECOWAS Brown Card Insurance Scheme has urged motorists to insist on receiving their Brown Card certificates when purchasing motor insurance, noting that the cover becomes automatically active once a policy is issued. The Scheme, established in 1982, provides third-party liability insurance for visiting motorists in ECOWAS member states.
1 June 2026 · Joy Online →
The UK-backed Private Infrastructure Development Group has announced a £101 million investment in a ship repair and dry docking facility at Takoradi Port, expected to create up to 430 jobs and strengthen Ghana's maritime sector. The investment was announced at the Ghana-UK Investment Summit in London, attended by President John Dramani Mahama and described as the largest investment to date by the organisation in Ghana.
1 June 2026 · Joy Online →
The government has secured 120 job opportunities for Ghanaians being evacuated from South Africa following xenophobic attacks and rising tensions targeting foreign nationals. The Foreign Affairs Ministry is coordinating the employment support programme and urging Ghanaian CEOs and entrepreneurs to support reintegration efforts.
1 June 2026 · Joy Online →
An arbitral tribunal on 25 February 2026 issued its final award in the dispute between Moringa Mauritius Africa, Moringa SCA SICAR, B-Bovid Limited, and Issa Ouedraogo, upholding all claims by Moringa and B-Bovid and dismissing all counterclaims by Ouedraogo. The tribunal confirmed Ouedraogo's valid removal as CEO of B-Bovid on 19 January 2021 and granted a series of orders including perpetual injunctions, an order to refund salary payments and return company property, and an order to pay GHS 289,193 in damages and USD 290,057.10 and GHS 35,609.45 in costs.
1 June 2026 · Business & Financial Times →
Benjamin Offei, Chief Executive Officer of Agromonti Company Ltd, has been named CEO of the Year in the Agrochemical Sector at the Ghana CEO Excellence Awards 2026. The award recognizes his leadership, strategic vision, and contributions to Ghana's agricultural sector development.
1 June 2026 · Business & Financial Times →
The Electricity Company of Ghana has launched a digital inclusion drive at Dunkwa market to teach elderly market women and petty traders how to access their electricity bills and accounts through the ECG PowerApp, aiming to reduce their reliance on third parties for billing information.
1 June 2026 · Business & Financial Times →
Hidden technology setups called SIM boxes are causing Ghana's telecommunications sector to lose roughly GHS 300 million yearly through fraud schemes that intercept international calls and divert revenue.
1 June 2026 · Business & Financial Times →
Kwabena Boateng, Deputy Managing Director for Wholesale Banking at Fidelity Bank Ghana, called on financial services institutions to prioritize leadership development as a boardroom responsibility rather than an HR function, emphasizing that deliberate identification and investment in talent is critical to the future of capital markets. He highlighted Fidelity Bank's two-pronged approach, comprising the Orange Talent Programme for high-potential internal employees and a graduate training programme.
1 June 2026 · Business & Financial Times →
The Bank of Ghana is considering a "sale and leaseback" arrangement for its recently commissioned headquarters, The Bank Square, built at a cost of over $260 million. Board members are divided, with some warning the proposal would be costly to the bank in the long term, while proponents argue it would help shore up the central bank's balance sheet following recent operational losses.
1 June 2026 · Joy Online →
Bank of Ghana Governor Dr Johnson Pandit Asiama says a consultative and listening-based leadership has shaped policies supporting Ghana's economic recovery. The central bank has engaged trader associations, financial institutions, and other stakeholders to understand economic challenges and implement reforms, including changes to the foreign exchange framework and solutions for digital content creators receiving international payments.
1 June 2026 · Joy Online →
The Chief Executives Network Ghana has unveiled the Ghana Global Champions Initiative, a framework aimed at transforming high-potential Ghanaian companies into globally competitive multinational corporations. The initiative seeks to identify, support, finance, mentor, and scale Ghanaian businesses to compete on the global stage and drive industrialisation, innovation, job creation, and export growth.
1 June 2026 · Joy Online →
Alex Dadey, Executive Chairman of KGL Group, called for deliberate effort to build globally competitive African enterprises capable of transforming local economies, arguing that Africa's prosperity depends on building enduring institutions and indigenous business champions rather than natural resources or population size alone.
1 June 2026 · Joy Online →
Road Transport Operators have denounced a reported 20 percent increase in public transport fares set for June 2, 2026, calling it illegal and unauthorized because no agreement with the Ministry of Transport was reached and proper fare adjustment procedures were not followed. They have directed all transport operators and unions to maintain existing fares and disregard the announcement.
1 June 2026 · The Chronicle →
Ghana and the United Kingdom have launched a three-year Growth Partnership from 2026 to 2028 aimed at mobilising investment, creating jobs and supporting infrastructure development through projects worth up to £215 million. Flagship initiatives include a £101 million maritime infrastructure project in Takoradi expected to create up to 430 direct jobs and position Ghana as a regional maritime services hub.
1 June 2026 · Business & Financial Times →
Ghana and the United Kingdom have signed a Growth Partnership framework for 2026–2028 aimed at mobilising investment, creating jobs and supporting infrastructure development, with projects worth up to £215 million. Among flagship initiatives is a £101 million maritime infrastructure project in Takoradi expected to create up to 430 direct jobs.
1 June 2026 · Business & Financial Times →