United Bank for Africa has engaged the Ghana Gold Board to explore strategic partnership opportunities and business support solutions for gold aggregators and players in the gold value chain, leveraging UBA's digital banking capabilities, treasury services, and trade facilitation solutions to support the formalisation and growth of Ghana's gold trading sector.
2 June 2026 · Joy Online →
Banks and fintech companies in Ghana are moving toward partnership rather than competition, leveraging banks' regulatory standing and risk management alongside fintechs' digital capabilities to serve the country's large informal economy and unbanked population.
2 June 2026 · Joy Online →
The Head of Strategy and Enablement at Stanbic Bank has called for digital lenders across Africa to prioritize customer outcomes and sustainability alongside expanding access to credit, warning that irresponsible lending practices—particularly in the informal sector and instances of customers taking multiple loans simultaneously—risk creating financial distress and systemic risks.
2 June 2026 · Joy Online →
The Bank of Ghana projects inflation could rise above 10 percent by year-end if crude oil prices remain above 100 dollars, potentially breaching its upper target band. Rising fuel costs could drive transport fares and utility tariffs higher, pressuring inflation in coming months.
2 June 2026 · Joy Online →
The Ghana Cocoa Board is at an advanced stage of implementing a new domestic financing regime through a commercial paper programme, with pension funds, commercial banks, and industry stakeholders identified as primary sources. The Deputy CEO says the institution has hired transaction advisors and is close to finalising the programme's structure ahead of launch.
2 June 2026 · Joy Online →
Access Bank Ghana conducted a five-day strategic visit to Kumasi in May 2026, reaffirming its commitment to expanding operations and supporting businesses. The bank recorded significant growth in 2025, including total assets of GH¢19.0 billion and a 36.7 per cent increase in its loan book to GH¢5.06 billion.
2 June 2026 · Joy Online →
The African Development Bank will inject $125 million into the African Trade and Investment Development Insurance agency to become its largest shareholder, aiming to increase annual guarantees to $10 billion and unlock private capital for African development as official development aid declines.
2 June 2026 · Joy Online →
Instagram's AI support tool was tricked by hackers to give access to other users' accounts, allowing password changes after spoofing location. Meta said the issue has been resolved and impacted accounts are being secured, though it is unclear how many accounts were affected.
2 June 2026 · Joy Online →
Microsoft says its new Majorana 2 quantum chip keeps qubits stable for an average of 20 seconds compared to milliseconds in its previous version, and the company projects a commercially useful quantum computer within three years, though it would require millions of qubits compared to the current chip's 12.
2 June 2026 · Joy Online →
Training providers participating in the Ghana Jobs and Skills Apprenticeship Programme fear financial collapse if the government discontinues the World Bank-supported initiative, citing millions of dollars in unpaid obligations owed for work already completed. Participants said a meeting with project managers and World Bank officials provided no clear assurance on how outstanding payments would be settled if the project ended.
2 June 2026 · Joy Online →
Fidelity Bank Ghana reported a Profit Before Tax of GH¢1.46 billion in 2025, a 21% increase from GH¢1.21 billion in 2024, with operating income growing 14% to GH¢2.68 billion and total assets rising 17% to GH¢25.98 billion. The bank attributed the strong performance to disciplined strategy execution and digital innovation against improving macroeconomic conditions.
2 June 2026 · Business & Financial Times →
Access Bank (Ghana) and Deloitte Ghana hosted a Women Business Workshop to provide female entrepreneurs with financial knowledge and strategic insights for scaling their businesses. The bank's head of women banking emphasized that women entrepreneurs need more than capital access—they require financial literacy, business structuring knowledge, and strategic direction to grow sustainably.
2 June 2026 · Business & Financial Times →
Olam Agri secured Flour Manufacturing Company of the Year and Agro-Processing Company of the Year at the 2026 Ghana Manufacturing Awards. The company operates a $55 million wheat mill in Tema with capacity of 275,000 metric tons annually and a $40 million pasta plant, together representing $95 million in cumulative investment and employing 500 people.
2 June 2026 · Business & Financial Times →
J.A. Plant Pool and its Executive Chairman Dr Joseph Siaw Agyepong have pledged to vigorously defend against a legal action by the Attorney-General seeking to recover US$2 million under a District Road Improvement Programme contract, categorically denying any indebtedness and maintaining all obligations were fulfilled.
2 June 2026 · Joy Online →
The Minister for Energy and Green Transition will speak at the Ghana–UK Investment Summit 2026, addressing global investors and stakeholders on investment opportunities across petroleum, power generation, renewable energy and emerging technologies, with emphasis on government reforms improving sector attractiveness.
2 June 2026 · Joy Online →
President John Mahama has announced the signing of a UK-Ghana Growth Partnership to deepen economic cooperation and accelerate job creation and industrial development. The agreement, formalised at the Ghana-UK Investment Summit in London with UK Deputy Prime Minister David Lammy, is expected to support private-sector expansion, improve trade facilitation, enhance industrial growth, and strengthen education systems.
2 June 2026 · Joy Online →
President Mahama announced a UK-Ghana Growth Partnership targeting private sector investment, trade facilitation, industrial growth, and education, with an £85 million reforestation fund and restoration of degraded forest reserves in the Oti Region expected to generate employment.
2 June 2026 · Joy Online →
At Auction 2009, the Government accepted approximately GH¢4.866 billion in treasury bills bids—a shortfall of about GH¢1.03 billion from its target. The 91-day bill recorded the highest subscription, while the 364-day bill achieved full uptake.
2 June 2026 · Joy Online →
The President of the Ghana Association of Real Estate Brokers has called for Ghana's housing development model to prioritise affordability for ordinary Ghanaians rather than investors and upper-income buyers, arguing that the country has an affordability crisis rather than a housing deficit, noting that about 1.5 million housing units lie vacant.
2 June 2026 · Joy Online →
President Mahama has announced a UK-Ghana Growth Partnership signed in London that includes £85 million for reforestation, £9 million for forest restoration in the Oti Region, £6 million to support Ghana's Artificial Intelligence Strategy, and £4 million for specialist clinical engineering training in the health sector.
2 June 2026 · Joy Online →
President Mahama announced a £101 million Takoradi Floating Dock Project under the UK-Ghana Growth Partnership, which will establish the Gulf of Guinea's first commercial-scale ship repair and dry-docking facility and create up to 430 direct jobs, with at least 30 per cent reserved for women.
2 June 2026 · Joy Online →
President John Dramani Mahama has signed a UK-Ghana Growth Partnership in London aimed at deepening economic cooperation and attracting investment into key sectors over 2026–2028. The agreement includes investment deals worth up to £215 million focused on private-sector development, infrastructure expansion, and skills training.
2 June 2026 · Joy Online →
Aaron Kanor, Acting Commissioner of Ghana's Customs Division, has called for strengthened collaboration between Ghana and Togo Customs administrations to enhance trade facilitation and revenue mobilisation along their shared border. During a visit to the Aflao Collection, he urged officers to balance revenue collection with legitimate trade facilitation and to guide traders on customs procedures.
2 June 2026 · Joy Online →
Finance Minister Dr Cassiel Ato Baah Forson told diaspora Ghanaians in London that Ghana is "open for business" and invited them to invest, noting that diaspora remittances exceeded $7 billion last year and describing the diaspora as important partners in nation-building.
2 June 2026 · Joy Online →
IKEA customers in the U.S. have filed a proposed class action lawsuit seeking refunds for higher prices charged before the Supreme Court struck down President Trump's import tariffs. The lawsuit argues that IKEA and other companies are eligible to seek government refunds for tariffs deemed unlawful, but consumers who paid the higher prices have no direct mechanism to recover the money.
2 June 2026 · Joy Online →
At the 10th Ghana CEO Summit 2026, KGL Group's Alex Dadey called for a deliberate continental agenda to build strong African-owned enterprises capable of competing globally and driving sustainable economic transformation, emphasizing that Africa's prosperity depends on entrepreneurial ambition, visionary leadership, sound governance, and long-term strategic thinking.
2 June 2026 · The Chronicle →
Job listings require years of experience from fresh graduates, creating a barrier that forces young engineers into irrelevant roles, out of the continent, or both. Companies overlook the advantages young engineers bring — emerging-tech fluency, fresh academic knowledge, and drive to prove themselves — while graduate schemes and internship pipelines remain rare in Ghana's hiring culture.
2 June 2026 · The Chronicle →
Ghana's Environmental Protection Authority is intensifying compliance and enforcement targeting regulated undertakings including banks and financial institutions under the EPA Act 2025, requiring all entities to obtain valid environmental permits or face sanctions.
2 June 2026 · Business & Financial Times →
Tema Oil Refinery has completed audited financial statements for 2019–2025 and posted a Profit Before Tax of GH¢1.24 billion in 2025, its first year of profitability in a decade. The State Interests and Governance Authority commended the refinery for resolving the audit backlog and achieving financial recovery through improved governance and operational reforms.
2 June 2026 · Business & Financial Times →
The Money Summit 2026, convened by the Business & Financial Times in Accra, brings together senior financial sector voices to discuss commodity-backed financing, long-term capital mobilisation, and rural financial inclusion. The summit occurs as Ghana's economy shows signs of recovery, with real GDP growth at 6 percent in 2025, inflation declining to 3.4 percent as of April 2026, and the country transitioning from an IMF Extended Credit Facility to a Policy Coordination Instrument.
2 June 2026 · Business & Financial Times →
The Ghana Standards Authority is calling for increased investment in product testing infrastructure to ensure Ghanaian goods meet international export standards, particularly for the European Union. The Authority has noted that limited testing capacity has led to past export restrictions on agricultural and non-traditional products, and says capital injection would help strengthen systems and support exporters.
2 June 2026 · Joy Online →
The United Kingdom and Ghana have launched a Growth Partnership to create jobs, strengthen infrastructure, expand trade, and improve access to skills and education, with investment commitments worth up to £215 million secured at the Ghana Investment Summit in London. The agreement, signed during President John Mahama's visit to the UK, will guide cooperation from 2026 to 2028 and includes the £101 million Takoradi Floating Dock Project (ShipRite) expected to create up to 430 direct jobs.
2 June 2026 · Joy Online →
Asutifi Rural Bank PLC posted a profit before tax of GHS 3,591,004 for 2025, rebounding from a loss of GHS 2,054,164 in 2024, driven by a strategic shift toward customer lending away from government securities and aggressive cost-containment measures. Total loans and advances increased by 31.7% to GHS 23.83 million in 2025.
2 June 2026 · Joy Online →
Edward Effah, founder of Fidelity Bank Ghana, called for a structured partnership between Ghana's business community and government to drive economic transformation beyond macroeconomic stability toward sustained growth, industrialisation, and job creation. Speaking at the 10th Ghana CEO Summit, he noted that Ghana has favourable conditions including GDP growth to $115 billion, 3.3% inflation, and USD 13.8 billion in international reserves.
2 June 2026 · Joy Online →
Godwin Kudzo Tameklo, Chief Executive of the National Petroleum Authority, has been recognised with the Outstanding Public Leadership Excellence Award at the 10th Ghana CEO Summit in Accra for his contributions to driving reforms and strategic direction in Ghana's downstream petroleum sector since January 2025.
2 June 2026 · Joy Online →
Weekly trade activity in Ghana's secondary bond market declined 17.27% to GH¢475 million due to holiday-induced pauses and thinner participation. Shorter-maturity instruments (2027–2030) dominated with 86% of volumes at a weighted YTM of 11.27%, while Databank Research expects cautious trading ahead of the May 2026 inflation announcement.
2 June 2026 · Joy Online →
Deloitte Africa's head of infrastructure says blended finance—combining public, philanthropic, and commercial capital—is critical for funding projects in the US$1–5 million range that struggle to attract conventional financing in Ghana and across the continent.
2 June 2026 · Joy Online →
Ghana Revenue Authority plans to fully digitalize the application process for treaty benefits, aiming to improve efficiency, reduce compliance costs, and enhance certainty in tax treatment. The move addresses current delays caused by incomplete documentation and lengthy verification processes with treaty partners.
2 June 2026 · Joy Online →
Ghana's High Commissioner to the UK and Ireland, Sabah Zita Benson, says Ghana-UK economic cooperation has strong prospects, with both nations positioned to build a partnership promoting prosperity and innovation. Speaking at the opening of the Ghana-UK Investment Summit 2026 in London (opened by President Mahama), she committed the Ghana High Commission to facilitating investor engagement and business opportunities in Ghana.
2 June 2026 · Joy Online →
The Bank of Ghana has rejected reports that it is considering a sale and leaseback arrangement for its newly commissioned headquarters, The Bank Square, describing the claims as "false and misleading" and warning that unverified reports could undermine public confidence in Ghana's financial system.
2 June 2026 · Joy Online →
Edward Effah, founder of Fidelity Bank Ghana, called for a structured partnership between government and private sector to drive economic transformation and job creation, noting that while Ghana's GDP has grown to an estimated $115 billion by 2026, youth unemployment remains a critical challenge with 1.5 million young Ghanaians not in employment, education or training.
2 June 2026 · Daily Guide →
The Ghana Road Transport Coordinating Council and Ghana Private Road Transport Union have dismissed media reports of a 20 percent fare increase set for June 2, 2026, describing any unilateral adjustment as illegal and urging operators to maintain existing approved fares.
2 June 2026 · Daily Guide →
GLICO Health Insurance Ltd, a private commercial health insurance provider in Ghana, has released its inaugural 2025 Environmental, Social, and Governance (ESG) Report and announced a comprehensive Sustainability Plan, integrating environmental sustainability, social equity, and corporate transparency into its core operations. The company has achieved certifications including ISO 14001:2015, solarised its head office generating over 40,000kWh of renewable energy annually, and completed 85% migration of administrative and claims workflows to digital platforms.
2 June 2026 · Business & Financial Times →
Kenya's flower industry is showing resilience amid global pressures, with IFTEX 2026 attracting 210 exhibitors — the highest in the event's history and up from 189 last year. Since 2023, exhibitor numbers have grown from 159 to 210, with nearly 20 percent of the growth coming from new growers.
2 June 2026 · Business & Financial Times →
The Court of Appeal's decision to restore GN Bank's banking licence has reopened debate on banking sector reforms and regulatory accountability in Ghana. A governance auditor argues that the restoration should prompt broader institutional reflection on governance structures, risk management, and corporate culture rather than be treated as a mere legal victory.
2 June 2026 · Business & Financial Times →
Ghana's cedi has depreciated approximately 10.28 percent year to date in 2026, trading at about 11.36 cedis to one US dollar, placing it among the weakest-performing currencies in sub-Saharan Africa and the broader West African region. The depreciation increases costs for imported goods such as fuel, medicine, machinery, and food, while raising inflationary pressure and reducing household purchasing power.
2 June 2026 · Business & Financial Times →
Cybercriminals operate with structure and patience, selecting targets based on accessibility and potential payoff rather than randomly. They observe and exploit everyday business habits, email practices, and system management weaknesses that make organisations appear easier to compromise.
2 June 2026 · Business & Financial Times →
Telecel Ghana employees have handed over a renovated 30-seater ICT laboratory to the Islamic Basic School in Akim Achiase through the company's 'Bridging Digital Divide' project, funded via employee donations and the Telecel Ghana Foundation as part of the Red Hearts volunteering programme.
2 June 2026 · Business & Financial Times →
The Accra Metropolitan Assembly is recruiting 400 revenue collectors to strengthen internally generated funds and support the government's 24-hour economy agenda. Successful applicants will be deployed to markets, business districts, transport terminals and other revenue points to improve revenue mobilisation and fund critical public services including sanitation, road maintenance and street lighting.
2 June 2026 · Joy Online →
The Bank of Ghana Governor Dr. Johnson Asiama said the central bank is committed to sustaining monetary gains and safeguarding banking sector resilience to reinforce trust in the financial system. He also stated that institutions like Ghana International Bank are positioned to address Africa's estimated US$80 billion annual trade finance gap.
2 June 2026 · Joy Online →
Ghana and the UK have signed the Ghana-UK Growth Partnership, a roadmap valued at up to £215 million that marks a shift away from traditional aid frameworks toward investment-led collaboration. The agreement prioritizes maritime infrastructure—including a £101 million allocation for the Takoradi Floating Dock Project—along with climate finance and environmental sustainability initiatives.
2 June 2026 · Joy Online →
Edward Ekow Obeng-Kenzo, Chief Executive of the Volta River Authority, has been named Energy Sector Chief Executive of the Year at the 10th Ghana CEO Summit in Accra, marking his second consecutive recognition of this award. The honour recognises his exemplary leadership and strategic direction in Ghana's energy sector and VRA's reliable electricity supply and contribution to affordable power generation.
2 June 2026 · Joy Online →
Ghana's Foreign Affairs Minister Samuel Okudzeto Ablakwa announced at the 2026 Korea-Africa Foreign Ministers' Meeting a major bilateral partnership with South Korea, including a West Africa Hyundai manufacturing plant as part of broader cooperation in industrialisation, technology transfer, and economic development.
2 June 2026 · Joy Online →
Financial literacy advocate Dr Wuaku David Kofi encouraged young people to view entrepreneurship as a tool for solving societal challenges and driving positive change, not merely as a pathway to financial success. He stressed that entrepreneurship is about identifying opportunities and developing sustainable solutions to real-world problems in a technology-driven world.
2 June 2026 · Joy Online →
The 10th Ghana Manufacturing Awards ceremony honoured 24 companies and two industry personalities for excellence and innovation in Ghana's manufacturing sector. The event was held on Saturday, May 30, at the Kempinski Hotel in Accra and themed "The Role of Manufacturing in Ghana's 24-Hour Economy Agenda."
2 June 2026 · Joy Online →
The Bank of Ghana has dismissed reports it is considering selling its new headquarters as "false and misleading," reaffirming the facility is a critical asset supporting the bank's operations and statutory mandate.
2 June 2026 · The Ghanaian Times →
The Bank of Ghana's Second Deputy Governor said trust, capital and stability are mutually reinforcing pillars needed to sustain macroeconomic gains and support Ghana's growth. The central bank is coordinating efforts to mobilise long-term domestic savings—including over 100 billion in pension funds, capital markets and remittances—for investment in productive sectors like agriculture, manufacturing and small businesses.
2 June 2026 · Business & Financial Times →
B&FT CEO Dr. Godwin Acquaye told The Money Summit 2026 that commodity-backed financing could unlock capital for Ghana's productive sectors and accelerate economic transformation, citing the country's gold, cocoa, oil, and strategic minerals as bankable assets. He pointed to structured arrangements in the cocoa sector and mining deals like Bogoso-Prestea as evidence the model works.
2 June 2026 · Business & Financial Times →
Samsung Ghana has rolled out its 2026 Vision AI Mini LED television, featuring AI processing designed to enhance fast-motion sports viewing with a dedicated football mode that applies dynamic contrast optimisation and motion enhancement. The TV is intended to deliver an enhanced viewing experience for sports fans during the FIFA World Cup 2026.
2 June 2026 · Business & Financial Times →
Businessman Dr. Kofi Amoah has called on governments across Africa to place job creation at the centre of national development agendas, arguing that decent-paying jobs are essential for economic prosperity and social stability. He contends that many young Africans migrate out of economic necessity rather than choice, and that Ghana in particular would retain more youth if it offered decent-paying jobs and living wages.
2 June 2026 · Joy Online →
The Accra Metropolitan Assembly and Numatter Recycling Technologies have signed a binding feedstock agreement to supply 100 metric tonnes of plastic waste daily to Ghana's first industrial-scale pyrolysis plant, securing long-term waste supply for the facility and advancing the country's circular economy goals.
2 June 2026 · Joy Online →
Ghana's Revenue Authority is shifting focus from tax collection alone to partnership and predictability, introducing a Modified Taxation Scheme to simplify compliance and support SMEs as job creators and innovators. The reform aims to restore investor certainty in policy and taxation as Ghana hosts the Ghana-UK Investment Summit 2026.
2 June 2026 · Joy Online →
Construction of a modern 24-hour economy market at Sefwi-Asawinso in the Sefwi-Wiawso Municipality has commenced, featuring amenities including a police post, clinic, day-care centre and Women's Development Bank. The project is part of the government's 24-hour economy policy to promote continuous business activities, create jobs and stimulate local economic growth.
2 June 2026 · Joy Online →