Sunday, 23 August 2026

Ghana’s news, on the hour · Est. 2026

Sunday, 23 August 2026

Accra—:—London—:—New York—:—Beijing—:—

Ghanaian press · Organization

KPMG

KPMG — auditor contracted by Ghana's Ministry of Transport and Bank of Ghana for feasibility studies and financial reporting reviews.

2026-05-012026-08-23

In coverage

Verbatim sentences from the source article.

May 2026
3 MayJoy Online
… The Bank obtained a one-month extension, partly on the grounds that it had changed auditors – from Deloitte to KPMG – who needed time to come to terms with the books. …
Bank of Ghana Balances on a Knife Edge
1 MayJoy Online
… Auditor’s position on negative equity KPMG, the auditors, maintained that the Bank remains operational despite the losses. …
BoG posts GH¢15.6bn operational loss as cost of monetary interventions surges

Business

Government inaugurates team to negotiate VALCO strategic partnership

The News

The government has established an eight-member negotiations team to secure a strategic partnership with a prospective investor to modernise and expand the Tema-based Volta Aluminium Company Limited (VALCO). The team will examine prospective partners' technical capabilities, financial strength and investment plans to restore VALCO's productive capacity and position it as a competitive player in Ghana's aluminium industry.

22 August 2026 · Joy Online →

Yesterday

Government inaugurates team to negotiate VALCO strategic partnership
The government has established an eight-member negotiations team to secure a strategic partnership with a prospective investor to modernise and expand the Tema-based Volta Aluminium Company Limited (VALCO). The team will examine prospective partners' technical capabilities, financial strength and investment plans to restore VALCO's productive capacity and position it as a competitive player in Ghana's aluminium industry.
22 August 2026 · Joy Online →

Friday 14 August

Government commissions Keta-Axim coastal water transport feasibility study
The Ministry of Transport has contracted Vision Consult and KPMG to conduct a six-month feasibility assessment of a proposed coastal water transport service between Keta in the Volta Region and Axim in the Western Region, examining technical and operational requirements and the commercial viability of the project.
14 August 2026 · Joy Online →

Monday 10 August

GIPS announces National Procurement Conference for September 2026
The Ghana Institute of Procurement and Supply will host the second National Procurement and Supply Chain Conference (NPSC 2026) on September 2–3, 2026, at UPSA Auditorium in Accra, bringing together procurement professionals, policymakers, and business leaders to discuss smart and inclusive procurement systems for national development.
10 August 2026 · Joy Online →

Monday 27 July

Maxima Media Group launches Pan-African Foodies Choice Awards
Maxima Media Group has launched the inaugural Foodies Choice Awards, a Pan-African recognition platform for consumers to celebrate excellence across the continent's food value chain, opening nominations across Ghana, Nigeria, Kenya, Tanzania, and Rwanda to recognise governments, farmers, agribusinesses, chefs, food brands, hospitality operators, media personalities, and innovators.
27 July 2026 · Joy Online →

Wednesday 22 July

US immigration judge grants Ofori-Atta status; Ghana case evidentiary standards diverge
A United States Immigration Judge in Virginia granted former Ghana Finance Minister Ken Ofori-Atta's application for adjustment of status, finding insufficient evidentiary foundation in the Department of Homeland Security's opposition, which cited criminal charges filed in Ghana concerning the Strategic Mobilisation Limited contract. The ruling highlights differing standards between US immigration adjudication and Ghanaian criminal prosecution.
22 July 2026 · Joy Online →

Tuesday 21 July

US immigration judge finds OSP lacked evidence against Ofori-Atta
A United States immigration judge ruled on June 15, 2026, that Ghana's Office of the Special Prosecutor failed to provide persuasive evidence that former Finance Minister Ken Ofori-Atta committed criminal wrongdoing, citing lack of convincing proof in the OSP's affidavit and finding the former minister's testimony credible.
21 July 2026 · Joy Online →

Wednesday 24 June

Access Bank Ghana reports 14.9% balance sheet growth, shifts to earnings focus
Access Bank (Ghana) Plc reported a record balance sheet of GH¢19.02 billion for 2025, up 14.9% year-on-year, supported by deposit growth of 11.5% to GH¢14.54 billion and loan book expansion of 36.7% to GH¢5.06 billion. The bank is now prioritizing disciplined earnings growth, operating efficiency, and risk-adjusted returns through a three-pillar strategy of Grow, Transform, and Protect.
24 June 2026 · Business & Financial Times →

Tuesday 23 June

Access Bank Ghana expands balance sheet, pivots to earnings growth
Access Bank (Ghana) reported a record balance sheet of GH¢19.02 billion for 2025, a 14.9% year-on-year increase driven by deposit growth, expanded lending, and retained earnings. The bank is now shifting focus from balance sheet expansion to disciplined earnings growth, operational efficiency, and risk-adjusted returns.
23 June 2026 · Joy Online →

Wednesday 10 June

President Tinubu swears in two new cabinet ministers
President Bola Ahmed Tinubu swore in Joseph Tegbe as Minister of Power and Sola Enikanolaiye as Minister of State for Foreign Affairs on Monday, following the resignations of their predecessors Adebayo Adelabu and Yusuf Tuggar. Tegbe holds degrees in civil engineering and business administration, and has over 35 years of experience in fiscal and economic reform.
10 June 2026 · The Chronicle →

Wednesday 3 June

Stanbic Bank urges SMEs to adopt structured practices for growth
Stanbic Bank Ghana held a two-day SME Clinic in Tamale themed "From Survival to Scale: Building SMEs that Endure," calling on small and medium enterprises to move beyond survival-driven operations and adopt structured business practices for long-term sustainability. The bank's Head of Business and Commercial Banking noted that while SMEs account for over 90 percent of businesses in Ghana and contribute about 70 percent of GDP and nearly 85 percent of employment, many remain constrained by weak internal systems and limited access to knowledge.
3 June 2026 · Business & Financial Times →

Thursday 14 May

UK economy grows 0.3% in March despite Iran war
The UK's economy grew 0.3% in March, exceeding analyst expectations of contraction, as consumers and businesses brought forward spending due to fears of future price rises from the Iran conflict. First-quarter growth reached 0.6%, the fastest quarterly pace in a year and the highest among G7 countries reporting data.
14 May 2026 · Joy Online →

Wednesday 13 May

Bank of Ghana spent GH¢16.7bn on bank interest payments in 2025
The Bank of Ghana's 2025 audited financial statements show it spent GH¢16.73 billion in a single year paying interest to commercial banks on liquidity-absorption instruments—nearly double the 2024 amount and the central bank's single biggest structural cost burden.
13 May 2026 · Business & Financial Times →

Monday 11 May

NPP, NDC dispute Bank of Ghana loss interpretation
The opposition NPP and governing NDC are locked in dispute over the 2025 Bank of Ghana audited financial statements, with disagreement over whether losses should be counted as GH¢15.6 billion (the operating loss, as the government maintains) or GH¢34.9 billion (combining the operating loss with GH¢19.32 billion in Other Comprehensive Income, as the Minority argues).
11 May 2026 · The Chronicle →
Oppong Nkrumah disputes Gyamfi's account of BoG losses
Ofoase Ayirebi MP Kojo Oppong Nkrumah has criticised Sammy Gyamfi's comments on Bank of Ghana financial losses, arguing that the central bank's net equity declined by GH¢34.9 billion, not the GH¢15 billion figure Gyamfi highlighted. Oppong Nkrumah contends that separating the Bank's operating loss from its total comprehensive loss does not alter the overall impact on the country's finances.
11 May 2026 · Joy Online →

Friday 8 May

Ghana's macroeconomic recovery rests on unsustainable fiscal foundations
Ghana's recent economic stabilization—marked by single-digit inflation, cedi appreciation, and rebuilt reserves—represents "borrowed calm" financed by instruments and commitments whose sustainability is questionable, according to an analysis that questions whether the recovery is durable despite acknowledging genuine improvements since the 2022–2023 crisis.
8 May 2026 · Business & Financial Times →

Monday 4 May

Minority says BoG policy worsened losses to GH¢44 billion
The Minority Caucus in Parliament released an analysis of the Bank of Ghana's 2025 audited financial statements, arguing that bad policy decisions significantly worsened the central bank's financial position, partly contributing to an estimated underlying loss of about GH¢44 billion. Although the BoG officially reported a headline loss of GH¢15.6 billion, the Minority argues this figure understates the true economic cost when additional losses in Other Comprehensive Income and one-off gains from gold sales are adjusted for.
4 May 2026 · The Chronicle →
KPMG urges BoG to accelerate reforms, improve financial reporting clarity
KPMG auditors have recommended that the Bank of Ghana fast-track financial sector reforms and enhance clarity in its financial reporting to strengthen transparency and public confidence. They also called for greater caution in managing credit risks and urged the Bank and Government to adhere to agreed recapitalization roadmaps while maintaining transparency about the BoG's negative equity position.
4 May 2026 · Joy Online →
Bank of Ghana rejects Minority's criticism of 2025 audited accounts
The Bank of Ghana has rejected claims by the NPP Minority Caucus about its 2025 audited accounts, describing them as misleading and a misinterpretation of reserve management. The BoG stated that the GH¢9.6 billion gain from gold sales was legitimate and standard practice for central banks, and that removing this gain to construct a deficit was artificial and inconsistent with accounting frameworks.
4 May 2026 · Joy Online →
Ghana's economy projected to grow 4.6–5.9% in 2026
A new report by the Chamber of Commerce and Industry France and Ipsos forecasts Ghana's real GDP growth between 4.6 and 5.9 percent by year-end 2026, as the economy shifts from crisis management toward stabilization and recovery. The forecast depends on fiscal discipline and completion of debt-restructuring efforts, with inflation expected to stabilize within a 6 to 10 percent target band.
4 May 2026 · Business & Financial Times →

Sunday 3 May

Bank of Ghana records $1.25 billion net loss in 2025
The Bank of Ghana published audited 2025 financial statements on 1 May 2026, showing a net loss of $1.25 billion and total comprehensive losses of $2.80 billion; cumulative negative equity reached approximately $9 billion, widening from $3.99 billion the previous year.
3 May 2026 · Joy Online →
Bank of Ghana reports $1.25 billion net loss for 2025
The Bank of Ghana published its audited 2025 financial statements on 1 May, revealing a net loss of $1.25 billion and total comprehensive losses of $2.80 billion, with cumulative negative equity reaching approximately $9 billion, widening from $3.99 billion a year earlier.
3 May 2026 · Joy Online →

Friday 1 May

Bank of Ghana posts GH¢15.6bn operational loss in 2025
The Bank of Ghana's operating loss for 2025 reached GH¢15.6 billion, up from GH¢9.4 billion in 2024, driven by surging costs of monetary policy operations including Open Market Operations that rose 95% to GH¢16.7 billion, sterilisation liabilities that jumped 186%, and a GH¢23.6 billion revaluation loss triggered by cedi appreciation. Negative equity worsened to GH¢93.82 billion from GH¢58.62 billion, while the Domestic Debt Exchange Programme reduced returns on government securities by an estimated GH¢12 billion.
1 May 2026 · Joy Online →