Verbatim sentences from the source article.
Joy Online
… Speaking on PM Express Business Edition on the impact of the losses recorded by the Bank of Ghana, he said the scale of the inherited economic difficulties must not be ignored. …
Gov’t’s quick action prevented more pressure on BoG when NDC took over – TerkperThe director-general of SSNIT announced that La Palm Royal Beach Hotel has returned to profitability for the first time in years as efforts to revive struggling hotel investments show early signs of working. SSNIT has no plans to sell any of its hotel investments despite performance challenges at some assets.
18 June 2026 · Joy Online →
The director-general of SSNIT announced that La Palm Royal Beach Hotel has returned to profitability for the first time in years as efforts to revive struggling hotel investments show early signs of working. SSNIT has no plans to sell any of its hotel investments despite performance challenges at some assets.
18 June 2026 · Joy Online →
SSNIT plans to expand Labadi Beach Hotel by increasing its number of rooms, citing strong financial performance and consistent dividend payouts. The Director-General stated that SSNIT will not sell stakes in the hotel, and expects higher dividend payments this year after the hotel posted profit before tax in excess of ¢67 million in 2024.
18 June 2026 · Joy Online →
The IMF will present Ghana's sixth and final programme review and a request for a new Policy Coordination Instrument to its Executive Board on July 27. Once approved, Ghana is expected to receive a final tranche of more than $318 million under its bailout programme.
18 May 2026 · Joy Online →
The Chamber of Mines CEO says Ghana's unfriendly fiscal regime, particularly increased royalty rates, has driven major mining investments to neighbouring countries, citing Endeavour Mining's exit to Côte d'Ivoire and another company's decision to redirect funds there due to tax concerns.
15 May 2026 · Joy Online →
Ken Ashigbey, CEO of the Ghana Chamber of Mines, has warned that Ghana's mining tax regime is hitting the upper threshold of what the IMF considers acceptable (40–60% of mining profit-sharing), and is pushing investors to rival West African countries. He cautioned that once gold prices fall, government revenue could exceed 60%, making Ghana uncompetitive.
15 May 2026 · Joy Online →
The CEO of the Ghana Chamber of Mines warns that Ghana's fiscal regime is making it less attractive to investors compared to neighbours like Côte d'Ivoire and Guinea, with government's share of mining profits already hitting the IMF's upper threshold of 60%, and capital is already beginning to shift away from Ghana.
15 May 2026 · Joy Online →
Ken Ashigbey, CEO of the Ghana Chamber of Mines, warned that Ghana's mining tax structure is making the country less attractive to investors as regional competitors offer friendlier fiscal regimes. He disclosed that at least one mining company has redirected investment funds from Ghana to Côte d'Ivoire, and cautioned that when gold prices fall, government's share of mining revenues could exceed 60%.
15 May 2026 · Joy Online →
Economic advisor Seth Terkper says the government remains committed to maintaining fiscal discipline to help fast-track the Bank of Ghana's recovery and ensure it can perform its functions as lender of last resort. The Bank of Ghana posted an operating loss of GH¢15.6 billion for 2025, up from GH¢9.4 billion in 2024, with negative equity rising from GH¢58.62 billion to GH¢93.82 billion.
8 May 2026 · Joy Online →
Former Finance Minister Seth Terkper has defended recent efforts to tighten management of Ghana's gold sector, arguing that reforms strengthened the country's reserves and supported the cedi. He linked the policy response to deliberate moves to rebuild external reserves and described the effort as "sanitisation of the marketing of gold."
8 May 2026 · Joy Online →
Former Finance Minister Seth Terkper credits Ghana's gold marketing system clean-up with strengthening the country's reserves and supporting the recent appreciation of the cedi. He argues the reforms reduced leakages and weak controls in the sector, delivering significant gains despite not being perfect.
8 May 2026 · Joy Online →
Former Finance Minister Seth Terkper said the current administration inherited a deeply distressed economy with unpaid debt obligations, high inflation, and severe fiscal pressure, and that quick government intervention was necessary to stabilise public finances and reduce pressure on the central bank.
7 May 2026 · Joy Online →