Ecobank Ghana shareholders approved a dividend of GH¢1.21 per share for 2025, a 256.8 percent increase from the prior year, as the bank's pre-tax profit rose 28.3 percent to GH¢3.03 billion, driven by higher non-interest income offsetting a 28.8 percent fall in net interest income.
2 hours ago · Business & Financial Times →
The spread between official and informal dollar rates in Ghana remains at 10.3–11.6 percent above the Bank of Ghana's interbank rate, with forex bureaus quoting GH¢12.35–GH¢12.50 per dollar compared to the official GH¢11.1986 rate. The persistent gap endures despite the cedi recording strong recent performance supported by improved foreign exchange liquidity and central bank interventions.
3 hours ago · Business & Financial Times →
The Chairman of the Chamber of Cement Manufacturers, Ghana has called for Ghana's cement industry to reduce reliance on imported clinker and embrace locally driven production methods, citing unsuitable limestone deposits and rising import costs from fuel prices and supply disruptions. He advocates developing lower-clinker cement using alternative raw materials to improve self-sufficiency and reduce foreign exchange pressure, pointing to innovations like Eco Cool and Supercem already in production.
4 hours ago · Business & Financial Times →
Eni Ghana has signed a Letter of Intent with the Italian Agency for Development Cooperation (AICS) to explore strategic partnerships aimed at advancing sustainable development initiatives in Ghana, with cooperation focusing on education, TVET, agriculture, water and sanitation, community health, nutrition, and economic diversification.
5 hours ago · Business & Financial Times →