GOIL's Edward Bawa has praised his counterpart at rival fuel company Star Oil, Philip Kwame Tieku, describing their relationship as strictly businesslike despite the two companies competing aggressively on pump prices for market share. Bawa said there is no personal animosity between the executives, though they have never met physically and maintain contact through social media.
10 September 2026 · Joy Online →
GOIL Chief Executive Edward Bawa says the company will not surrender market share to rival Star Oil as the two fuel retailers engage in aggressive price competition for customers in Ghana's downstream petroleum market. Mr Bawa described the competition as healthy and said both companies are pursuing strategies they believe will win customers.
10 September 2026 · Joy Online →
Ten state-owned enterprises collectively recorded a net loss of GH¢8.8 billion in 2024, about 1.0% of GDP, with the Electricity Company of Ghana accounting for 85% of those losses. The IMF attributed the losses mainly to high financing costs, which reached GH¢9.4 billion—nearly six times the earnings before interest and tax.
10 September 2026 · Joy Online →
The IMF has raised concerns about the rapid build-up of liabilities across Ghana's state-owned enterprises, which have grown from GH¢35 billion (19% of GDP) in 2015 to GH¢282 billion (25% of GDP) in 2024. The Electricity Company of Ghana alone accounts for GH¢71 billion of these liabilities, making it the largest contributor to the sector's debt burden and a principal source of fiscal risk for government.
10 September 2026 · Joy Online →
The International Monetary Fund states that government reform efforts over the past decade have not translated into improved financial performance for State-Owned Enterprises, with energy and commodity-sector SOEs remaining sources of fiscal strain despite revenue increases from GH¢19 billion in 2015 to GH¢133 billion in 2024.
10 September 2026 · Joy Online →
Three Heritage Christian University students have created Panta, an online marketplace that allows small businesses to establish free online storefronts from their phones and receive payments without the cost of building conventional websites. The platform, founded in 2026, operates on an Amazon-like model and seeks to address challenges small businesses face in establishing an online presence and reaching wider customer bases.
10 September 2026 · Joy Online →
The third African Healthcare Manufacturing Trade Exhibition and Conference (AHMTEC 2026) will be held from 26 to 28 October in Addis Ababa, bringing together manufacturers, suppliers, investors, and policymakers. The event, themed "Industrialise to Commercialise," will shift focus from capacity building to enabling African pharmaceutical and medical device manufacturing to compete in regional and global markets.
10 September 2026 · Joy Online →
The Western Regional Minister has called for stronger engagement between government investment and export promotion agencies and the Western Regional Coordinating Council to maximise the region's economic potential and create jobs. He cited the region's productive base and exportable products, and raised concerns about inadequate information sharing between the regional administration and investment promotion institutions.
10 September 2026 · Daily Guide →
A stakeholder workshop has been held to begin developing the inaugural Ghana Beauty & Wellness Report, a comprehensive assessment of the sector's economic contribution, employment, skills development, manufacturing, regulation, and growth prospects. The workshop, organised by Makeup Ghana in collaboration with the University of Ghana, brought together government institutions, regulatory bodies, academia, financial institutions, and industry representatives.
10 September 2026 · Daily Guide →
The CEO of Ghana's National Vaccine Institute said the country is preparing to pre-qualify Ghanaian companies to manufacture vaccines for local and wider African markets, following Ghana's decision to join the Africa Pool Procurement Mechanism. A regional meeting is planned for November in Accra to launch an application process for assessing and pre-qualifying eligible companies.
10 September 2026 · Joy Online →
GCB Bank is expanding corporate social responsibility by empowering employees to identify and address community needs through the Staff Community Impact Programme, which involves about 95 staff groups across the country. Projects span health, education, environmental protection and road safety, with the bank matching funds raised by employees.
10 September 2026 · Joy Online →
President Mahama commended the Ghana Gold Board for recording a net profit of approximately GH¢896 million (compared with GH¢178.5 million in 2024), attributing the performance to transparent and accountable structures around Ghana's gold trade. He cautioned that the gains must be sustained through stronger core operations and cannot depend indefinitely on favourable business conditions and exchange rate movements.
10 September 2026 · Joy Online →
Ghana Water Limited recorded a 3.7% increase in water sales in Q1 2026, outpacing the 1% growth in production, according to PURC. The faster growth in sales relative to production indicates an improvement in the proportion of produced water being converted into billed or sold water.
10 September 2026 · Joy Online →
The Ghana Private Road Transport Union has suspended a proposed 30 percent increase in transport fares following discussions with the Ministry of Transport. The parties have agreed to form a committee to survey the cost of operating commercial vehicles before returning to negotiations to determine if a fare increase is necessary.
10 September 2026 · Daily Guide →
The Second Deputy Governor of the Bank of Ghana has warned that the country must strengthen its fight against financial crime to avoid being placed back on the Financial Action Task Force grey list, citing the significant financial costs of such a listing. She noted that Ghana's latest mutual evaluation carries critical implications and highlighted recent collaborative efforts that have resulted in the arrest of 430 people in an intelligence-led operation against illegal online operators.
10 September 2026 · Joy Online →
The Bank of Ghana reports that fraud incidents in the digital space increased by 98% between 2022 and 2025, driven by the rapid growth in digital transactions. Overall fraud incidents across the financial ecosystem rose from 16,733 in 2024 to 24,778 in 2025, a 48% increase, with the central bank saying this shift requires a change in strategy to combat financial crime.
10 September 2026 · Joy Online →
The Nkoranza Municipal Assembly's 24-hour economy market project in Bono East Region is only 5% complete against an expected 25%, prompting Regional Minister Francis Owusu Antwi to threaten contract termination during a monitoring visit. The project is meant to provide banking services, cold storage, warehouses, clinics, pharmacies, day-care centers, and security posts as part of a broader national agenda to establish such hubs across all 261 districts.
10 September 2026 · Joy Online →
Transport Minister Joseph Bukari Nikpe has outlined interventions and reforms in the rail, maritime, aviation, and road sectors to improve connectivity and support Ghana's economic transformation. He reported that the 97-kilometre Tema-Mpakadan standard-gauge railway line has enabled passenger services and integrated bus connectivity, with freight operations to follow; work on the Western Line's Takoradi Port-Huni Valley section resumed in August 2025.
10 September 2026 · Joy Online →
New Apple chief John Ternus unveiled the iPhone Duo, the company's first foldable phone and most expensive iPhone to date, priced from £1,999 in the UK and $1,999–$3,200 in the US. Apple enters the foldable market after Samsung and Huawei, claiming its design redefines the foldable experience following eight years of development.
10 September 2026 · Joy Online →
The Ghana Ports and Harbours Authority has rejected claims that Tema Port congestion is driving recent cement price increases, stating that pricing depends on multiple supply-chain factors including vessel planning, trucking capacity, cargo handling, and inland transportation. The Authority noted that berth allocation is guided by safety considerations to separate cement operations from food cargo, and that recent dredging has allowed larger vessels to be received, urging manufacturers to adopt modern cargo-handling systems to improve efficiency.
10 September 2026 · Joy Online →
Ghana's government is developing an integrated rail, inland water, and road transport system to decongest highways and the Port of Tema. The plan routes cargo by rail from Tema to Mpakadan, then by lake transport to Buipe, and finally by road to northern Ghana and landlocked neighbours including Burkina Faso, Mali, and Niger.
10 September 2026 · The Ghanaian Times →
Henry Manly-Spain has rejected a GH¢79.7 million import duty refund awarded to his company by the Accra High Court, stating his actual claim was around GH¢8.95 million and expected to rise only slightly above GH¢10 million with interest. He cited conscience and concern for the nation's ability to provide basic needs as reasons for the rejection.
10 September 2026 · Joy Online →
The Ghana Ports & Harbours Authority clarified that port congestion is not sufficient justification for a GH₵12 increase in cement prices, citing multiple operational and commercial factors. The authority noted it underwent strategic dredging of the port's bulk cargo section to benefit cement operations, and that cement companies were informed in advance about the project.
10 September 2026 · Joy Online →
Ghana's real Gross Domestic Product grew by 6.0 per cent in the second quarter of 2026, compared with 6.6 per cent in the same period of 2025, according to the Ghana Statistical Service. Real non-oil GDP growth stood at 5.4 per cent in Q2 2026, down from 8.5 per cent a year prior, with the services, industry and agriculture sectors driving growth during the period.
10 September 2026 · The Ghanaian Times →
Traditional leaders in Pongyentanga, Wa West District, have called on government to pair a planned 24-hour economy market with improvements in healthcare, education, roads, security, and agricultural support, arguing the market alone would yield limited benefits without adequate basic infrastructure and services.
10 September 2026 · The Ghanaian Times →
The Manufacturers Association of Nigeria says African manufacturers are under constant pressure to do more with less profit, citing rising energy costs, volatile exchange rates, expensive imported inputs, logistics bottlenecks, and growing competition as having significantly narrowed operating margins across the continent.
10 September 2026 · The Ghanaian Times →
Ghana's banking sector non-performing loans fell to GH¢19.9 billion in June 2026 from GH¢20.7 billion a year earlier, with the industry's NPL ratio improving to 16.1% from 23.1%. Private sector borrowers accounted for 98% of NPLs, while the agriculture, forestry and fishing sector saw its NPL ratio rise to 65.1%.
10 September 2026 · Joy Online →
Republic Bank (Ghana) PLC and the University of Professional Studies, Accra (UPSA) have signed a strategic memorandum of understanding to collaborate on professional development, knowledge exchange, and institutional capacity building. Under the partnership, UPSA will deliver specialized training and a Continuing Professional Development programme for Republic Bank employees.
10 September 2026 · Joy Online →
MTN Ghana is hosting a CEO Invitational Golf Tournament at Achimota Golf Course on September 12, drawing about 120 golfers from clubs across the country for an 18-hole competition as part of the company's 30th anniversary celebrations.
10 September 2026 · Joy Online →
GoldBet Ghana, a newly launched betting brand in Ghana as of July 2026, offers football betting and other sports wagering through a regulated online platform licensed by the Ghana State and Lotteries Board. The service is accessible via mobile app and web interface.
10 September 2026 · The Ghanaian Times →
The Ghanaian Times clarifies the legal basis for Ghana's Customs Commissioner's recent comments on duty exemptions for personal items and parcels, placing them in the context of Ghana's constitution, customs laws, and international WCO and WTO protocols.
10 September 2026 · The Ghanaian Times →
The Bank of Ghana has tightened sanctions against customers who issue dud cheques, with repeat offenders facing penalties of up to 20 per cent of the face value of the cheque and a ban on issuing cheques for at least three years, plus a one-year restriction on accessing new credit facilities.
10 September 2026 · The Chronicle →
The National Communications Authority has cleared Scancom Plc (MTN Ghana), Ghana Telecommunications Company Limited (Telecel Ghana), and Goal Telecommunications Ltd to advance to the next stage of Ghana's 5G spectrum licensing process, while disqualifying Infrava Ltd. The three successful applicants will proceed to Stage 3 to have their price offers opened and ranked for spectrum licences in the 700MHz, 2.3GHz and 3GHz bands.
10 September 2026 · Joy Online →
Container traffic at Ghana's Tema Port has surged to levels not seen in two decades, prompting the Transport Minister to direct removal of overstayed containers and encourage more vessel calls to evacuate empty containers. System outages at the Meridian Port Services Terminal have contributed to the congestion and cargo handling delays.
10 September 2026 · Joy Online →
The Network for Women's Rights in Ghana (NETRIGHT) has called on government to ensure the Women's Development Bank serves rural businesses owned by women, youth and the marginalised, and to accelerate its operationalisation. The bank has been allocated GH¢51.3 million in 2025 and GH¢401 million in 2026, but has not yet begun operations, prompting concerns about delays in accessing services.
10 September 2026 · Joy Online →
Dr Nii Moi Thompson, chairman of the National Development Planning Committee, says the government's 24-hour economy programme has not yet gathered sufficient speed in job creation, though investments in larger businesses have been lined up. He calls for the next phase to focus more on small and medium-sized enterprises to spread job creation across the economy.
10 September 2026 · Joy Online →
Fitch Ratings reports that Ghanaian banks' credit profiles are benefiting from improved creditworthiness and stabilised economic conditions following sovereign debt restructuring, with the sector's capital adequacy ratio at 20.4% well above minimum requirements and impaired loans declining.
10 September 2026 · Joy Online →
Databank Research projects Ghana's real GDP growth will exceed 6.5% by end-2026, up from 6.0% in 2025, driven by structural reforms, monetary easing, and recovery in industrial sub-sectors. The firm credits early momentum from Q1 2026's 6.4% year-on-year expansion and forecasts Services sector growth of 8.1%, Agriculture 6.8%, and Industrial 4.9%.
10 September 2026 · Joy Online →
Spot gold rose 0.3% to $4,412.84 per ounce on Thursday, supported by a softer U.S. dollar, while investors awaited U.S. producer price index and consumer inflation data that could influence the Federal Reserve's interest-rate policy.
10 September 2026 · Joy Online →
Dr Nii Moi Thompson, chairman of the National Development Planning Committee, has urged the government to prioritize small and medium-sized enterprises in the 24-hour economy programme, arguing that existing businesses are critical to job creation and that large investments take longer to generate impact.
10 September 2026 · Joy Online →