Ghana Business News

Follow the latest Ghana business and economy news: the cedi, inflation, companies, banking, and trade. Coverage is curated from Ghana's leading newsrooms and kept current through the day, newest first.

Communications Minister Samuel Nartey George Reveals $20 Million Spent on 8,578 Fibre Cuts in 2026
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Communications Minister Samuel Nartey George Reveals $20 Million Spent on 8,578 Fibre Cuts in 2026

Ghana’s Minister for Communications and Digitalisation, Samuel Nartey George, has revealed that the country has spent over US$20 million repairing more than 8,500 fibre cuts in 2026 alone. This significant financial drain on the telecommunications sector highlights a persistent challenge that continues to disrupt connectivity and strain the resources of service providers across the nation. The 8,578 reported incidents this year represent a worrying trend in the destruction of critical national digital infrastructure, reflecting a problem that has plagued the industry for several years. Data provided by the Minister indicates that road construction projects, particularly those under the government’s "Big Push" programme, are the primary cause of damage, accounting for 49% of all fibre cuts. Illegal mining activities, commonly known as galamsey, are responsible for an additional 25% of the incidents. This problem has escalated significantly over time; for context, the country recorded approximately 3,900 cuts in 2021, a figure that surged to over 10,000 in 2022, before reaching the current high levels in 2026. Beyond the immediate cost of repairs, the Minister emphasized the massive opportunity cost to the telecommunications industry and the wider economy. The $20 million diverted to fixing broken cables could have otherwise been invested in expanding network coverage, upgrading to newer technologies, and improving service quality in underserved areas. Telecommunications operators are bearing the brunt of these financial burdens, which ultimately hampers the broader national goal of digital transformation and reliable internet access for all citizens. To address the crisis, Sam George stressed the urgent need for enhanced coordination between road development agencies and digital infrastructure stakeholders. Ensuring that fibre paths are accurately mapped and protected during construction is seen as an essential step to mitigating further damage. As Ghana continues to expand its physical and digital networks, the Minister is advocating for a more integrated approach to infrastructure management to safeguard the country's technological backbone and ensure the sustainability of the telecommunications sector.

Finance Minister Ato Forson Proposes US$10 Billion Investment as Ghana Secures GH¢3.15 Billion in Bond Auction
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Finance Minister Ato Forson Proposes US$10 Billion Investment as Ghana Secures GH¢3.15 Billion in Bond Auction

Ghana’s economic trajectory is shifting from stabilization toward aggressive growth and production, anchored by the government’s "New Economy" programme and a successful return to domestic capital markets. Finance Minister Dr. Cassiel Ato Forson recently engaged with the National Development Planning Commission (NDPC) to outline preparations for the 2027 Budget, which proposes a significant US$10 billion investment in critical sectors. This initiative aims to transition the nation from its recent post-debt restructuring phase toward a future defined by increased industrial production and job creation, with the NDPC tasked with monitoring the delivery of these strategic priorities to ensure they align with national development goals. Evidence of renewed investor confidence surfaced in September 2026, as the government successfully mobilized GH"3.15 billion through a four-year Treasury bond auction. The auction was significantly oversubscribed, receiving total bids of GH"4.46 billion, with the government accepting approximately 70.6% of those bids at a competitive 12.00% interest rate. While this surge in primary market activity caused a temporary 68.28% decline in secondary bond market turnover—as liquidity was diverted to the new settlement—market analysts anticipate a modest recovery. This successful capital raise is viewed as a vital step in deepening the domestic bond market and reducing the nation’s vulnerability to external financing shocks. Complementing these fiscal measures, the Business Roundtable Extended (BRT) 2026 Executive Dialogue series has emphasized the conversion of macroeconomic stability into long-term resilience. Deputy Minister for Finance Thomas Nyarko Ampem outlined five strategic pillars for this transformation: building stronger economic buffers, enhancing productivity, enabling private-sector investment, maintaining institutional integrity, and ensuring inclusive growth. Organized by Ishmael Yamson & Associates, the dialogue stressed that policy continuity is essential for national transformation, calling for shared accountability between the public and private sectors to facilitate sustainable growth. On the ground, entrepreneurship continues to show promising regional growth, according to the 2026 Regional Entrepreneurship Freedom (REF) Index. Developed by the Africa Centre for Entrepreneurship and Youth Empowerment (ACEYE), the index identified the Eastern Region as the top performer in the country with a score of 6.82. The ranking evaluates regions based on factors including access to finance, taxation, property rights, and the level of corruption. As Ghana approaches the next BRT session scheduled for November 2026, the focus remains on ensuring that these high-level fiscal successes and regional entrepreneurial gains translate into a more productive and resilient national economy.

GCB Bank, Police Service strengthen collaboration
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Bank of Ghana Toughens Regulations as Industry Profits Dip to GH"7.1bn Amid Surging Loan Growth

The Ghanaian banking sector is navigating a complex landscape of moderating profits, explosive credit growth, and heightened regulatory oversight. According to recent Bank of Ghana (BoG) data for June 2026, industry profit after tax declined slightly by 1.3% to GH"7.1 billion, a sharp contrast to the 32.6% growth recorded in the previous year. This contraction occurred despite a massive 39.4% surge in gross loans and advances, which reached GH"124.3 billion. To stabilize the payment system amidst these shifts, the central bank has implemented a stringent new penalty regime for customers who issue dud cheques, citing a need to restore confidence in the financial ecosystem. The dip in profitability was largely driven by a 3.1% contraction in net interest income and a significant 38.2% rise in provisions for bad debts and impairments. While fees and commissions grew by 18.2%, interest spreads narrowed from 6.0% to 4.4%, reflecting a challenging operational environment. On the lending front, the private sector was the primary driver of growth, with credit to households and private enterprises jumping 39.6% to GH"119.1 billion. The services sector remains the largest beneficiary of this expansion, accounting for 36.6% of total lending, followed by commerce and finance at 24.1% and construction at 10.7%. In response to systemic risks, the Bank of Ghana’s new dud cheque rules introduce tiered financial levies starting at 10% for first offenses and rising to 20% for a third offense. Serious repeat offenders face a three-year ban on issuing cheques and a one-year prohibition from accessing new credit facilities. These regulatory measures are being matched by industry-led security initiatives. GCB Bank has reinforced its collaboration with the Ghana Police Service to combat the rising threat of cybercrime, while Visa has launched an enhanced "A2A Protect" solution. Utilizing AI and Featurespace technology, the Visa tool provides real-time risk insights to stop account-to-account fraud before funds leave customer accounts. Looking toward broader economic stability, the Ghana International Trade and Finance Conference (GITFiC) is coordinating with the United Nations to address sovereign debt challenges. Scheduled for October 14-15, 2026, the 10th Commemorative Anniversary Conference in Accra will focus on transforming debt issues into catalysts for sustainable development under GITFiC’s Agenda 2031. This initiative, supported by the UN Resident Coordinator, aims to align debt resolution strategies with the goals of the African Continental Free Trade Area (AfCFTA), ensuring that Ghana's financial sector remains a robust pillar for national and regional economic growth.

Ghana Advances Economic Modernization Through Aviation Accolades, Port Expansions, and 24-Hour Market Infrastructure
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Ghana Advances Economic Modernization Through Aviation Accolades, Port Expansions, and 24-Hour Market Infrastructure

Ghana’s business and infrastructure landscape is undergoing a significant transformation, highlighted by international recognition for the aviation sector and aggressive expansions in regional trade hubs. The Ghana Airports Company Limited (GACL) recently achieved a major milestone at the 8th Airports Council International (ACI) World Airport Experience Summit in Istanbul, Turkey. Accra International Airport (AIA) was honored with the "Best Airport at Departures – Africa" award in the two to five million passengers category and received Level 1 Customer Experience Accreditation. GACL Managing Director, Mrs. Yvonne Nana Afriyie Opare, attributed this success to a human-centered operational approach and the collaborative efforts of all airport stakeholders, urging staff to maintain these high international standards to bolster Ghana's position as a regional aviation leader. Simultaneously, the government is intensifying efforts to modernize land and sea trade infrastructure. Transport Minister Joseph Bukari Nikpe recently visited the Meridian Port Services (MPS) Terminal at Tema Port to address critical container congestion. While Terminal 3 has significantly boosted capacity, the Minister noted that supporting infrastructure has not kept pace with rising cargo volumes. To resolve these bottlenecks, the government has outlined plans for new berths, improved harbor routes, and road upgrades. These measures are designed to streamline cargo movement and ensure that Ghana remains a competitive player in maritime trade, facilitating more efficient imports and exports. In the Bono East Region, the Techiman 24-hour economy model market project is nearing completion, with Regional Minister Francis Owusu Antwi reporting high satisfaction with construction quality during a recent site inspection. As one of West Africa’s largest commercial hubs, the upgraded Techiman market will feature round-the-clock facilities, including banking, cold storage, and enhanced security. Part of the government’s "Big Push Agenda," this project aims to decongest existing facilities, create jobs, and foster continuous trade. The modernization of such markets is a core component of a national strategy to establish vibrant, 24-hour commercial hubs in districts across the country, with the Techiman project expected to be fully operational within six months. Furthering the modernization agenda, urban centers are preparing for digital reforms to improve the business environment and city aesthetics. The Kumasi Metropolitan Assembly (KMA), under the leadership of Mayor Richard Ofori Boadi Agyemang, has announced a transition from traditional static billboards to digital advertising boards beginning in 2027. This initiative will introduce stricter regulations on billboard size and placement while removing aging or unauthorized structures. Collectively, these developments in aviation, maritime logistics, regional trade hubs, and urban advertising reflect a broader national commitment to upgrading infrastructure to meet modern economic demands and attract increased investment.

Lands Minister Armah-Kofi Buah Courts Zijin Mining for African Expansion and Proposes National EV Training Hub
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Lands Minister Armah-Kofi Buah Courts Zijin Mining for African Expansion and Proposes National EV Training Hub

Ghana’s Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has concluded a high-level strategic mission to China, where he urged the Zijin Mining Group to establish Ghana as its primary springboard for operations across the African continent. During a meeting in Longyan City, Fujian Province, the Minister emphasized the potential for a long-term strategic partnership that would leverage Ghana’s stable business environment to drive regional mining growth. Minister Buah highlighted the success of Zijin’s current operations, particularly following its acquisition of the Akyem-based Newmont Golden Ridge Gold Mine, as a testament to the mutually beneficial relationship between the government and the global mining giant. In response to the Minister’s proposal, the President of Zijin Mining Group, Lin Hongfu, praised Ghana’s investment climate and reaffirmed the company’s commitment to deepening its presence in the country. Lin emphasized that the group’s future operations will prioritize local employment, technological advancement, and environmental sustainability. A key component of this new phase of investment includes the introduction of electric vehicles (EVs) within Zijin’s mining operations to drastically reduce carbon emissions. Minister Buah welcomed this commitment, noting that any further investment must continue to align with national laws and contribute meaningfully to the development of host communities. Expanding on the green technology theme, Minister Buah also visited Longking, a prominent Chinese EV manufacturer, where he advocated for the establishment of an Electric Vehicle Capacity Building Centre in Ghana. Recognizing the global shift toward cleaner transportation, the Minister proposed this specialized training hub to equip Ghanaian mechanics with the technical skills necessary to maintain and repair modern EVs. He noted that as the mining and logistics sectors increasingly adopt heavy-duty electric machinery, Ghana must develop a local technical workforce to ensure the sustainability of these technologies rather than relying solely on imported expertise. This diplomatic mission aligns with the broader goals of President John Mahama’s administration to attract global mining investment while promoting responsible, green mining practices. By courting investment in green technologies and proposing local capacity building for the EV market, the government aims to position Ghana at the forefront of the energy transition in West Africa. The Minister’s visit signals a proactive approach to technology transfer, ensuring that international partnerships result in both industrial growth and the modernization of Ghana's domestic labor force.

Joseph Boadu (middle), Deputy Director for Parts and Logistics, joined by Hilda Peasah (left), Marketing and Communications Director of SMT Ghana, and other dignitaries to cut the tape to launch the Dongfeng models
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State-Owned Enterprises Dividend Contributions Plunge 45.5% as Industrial Sector Expands with New Machinery Launches and Pricing Disputes

The 2025 State Ownership Report has revealed a concerning 45.5% decline in dividend payments from State-Owned Enterprises (SOEs) to the government, plummeting from GHS 29.36 million in 2024 to just GHS 16.0 million. This sharp drop means SOE contributions accounted for less than one percent (0.92%) of the total GHS 1.746 billion in dividends received by the government during the period. The report highlights severe balance-sheet weaknesses across the sector, with only two entities—Ghana Reinsurance Company Limited (GHS 13 million) and the Tema Development Company (GHS 3 million)—meeting their dividend obligations. This fiscal shortfall has prompted urgent calls for the State Interests and Governance Authority (SIGA) to implement more robust corporate governance and financial sustainability measures to bolster national revenue and support economic recovery. While the public sector faces fiscal challenges, the private industrial and construction sectors are seeing a surge in technological investment. Delta Equipment Limited, a subsidiary of the Mantrac Group, recently introduced the SEM brand of heavy machinery to the Ghanaian market, including wheel loaders, dozers, and motor graders targeted at the agriculture and infrastructure sectors. Simultaneously, SMT Ghana has expanded its footprint by launching the Dongfeng range of commercial vehicles in Kumasi. These moves are aimed at providing cost-effective solutions for the logistics and transportation sectors, with SMT Marketing Director Hilda Peasah emphasizing flexible financing options to help businesses navigate the current economic climate despite the broader fiscal contraction. However, the business environment remains tense due to escalating disputes over pricing and operational costs. The Abossey Okai Spare Parts Dealers Association has vehemently rejected claims by the Ghana Private Road Transport Union (GPRTU) and the Ghana Road Transport Coordinating Council (GRTCC) that rising spare parts costs justify a proposed 30% hike in transport fares. The dealers described these claims as false and accused transport operators of attempting to extort the public. Meanwhile, the public policy think tank CUTS International has raised alarms over potential cartel behavior within the Chamber of Cement Manufacturers, Ghana (COCMAG). CUTS warned that a uniform GH12 demurrage surcharge on clinker could undermine market competition and urged manufacturers to determine prices independently based on their specific cost structures rather than through collective pricing arrangements. In the regulatory and consumer protection space, agencies and industry leaders are pushing for greater formalization and safety. The National Petroleum Authority (NPA) utilized the Fetu Afahye celebration in Cape Coast to conduct extensive public education on petroleum safety and consumer rights, led by Chief Executive Godwin Kudzo Tameklo. In the beauty sector, Elsie Appau-Klu, founder of Ezel Fashion and Technical Advisor at the GRA, called for the establishment of a Cosmetology Council to formalize the largely informal beauty and wellness industry to drive youth employment. Additionally, the judiciary reinforced market integrity as the Asokwa Circuit Court fined a trader GH12,000 for selling counterfeit Amuzu Bitters, signaling a zero-tolerance approach to trademark forgery and consumer fraud.

Michael Bartlett-Vanderpuye and Abeiku Santana Champion Local Resilience as Path to Global Business Success
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Michael Bartlett-Vanderpuye and Abeiku Santana Champion Local Resilience as Path to Global Business Success

In a series of recent reflections on the Ghanaian business landscape, prominent figures Michael L. Bartlett-Vanderpuye and Abeiku Santana have highlighted the transformative power of local entrepreneurship and the vast opportunities within the country. Michael L. Bartlett-Vanderpuye, the Group Chairman of M&C Group, has shared his remarkable journey from working with limited resources in a single room to building a globally ambitious enterprise. His story, recently featured in the 24th issue of My Story Magazine, serves as a testament to the idea that sustainable business growth is rooted in discipline, resilience, and a steadfast commitment to building substance before image. Bartlett-Vanderpuye’s philosophy centers on the belief that a business's internal strength and systems are far more critical than its outward visibility. Drawing on a diverse professional background that spans banking, accounting, logistics, and property, he emphasizes that entrepreneurship should be viewed as a means to create long-term value rather than just personal wealth. By fostering strategic partnerships and understanding the interconnectedness of various industries, Bartlett-Vanderpuye has scaled M&C Group with a vision to address unemployment and contribute significantly to the national economy. His journey illustrates that modest beginnings do not limit global ambitions when paired with a legacy-driven mindset. Adding a different but complementary perspective, Abeiku Santana, the Deputy Chief Executive Officer of the Ghana Tourism Authority (GTA), recently affirmed his commitment to the nation’s growth by stating he would choose to remain in Ghana even if offered a monthly salary of $100,000 to relocate to the U.S. or U.K. Santana’s stance is a call to action for young Ghanaians to adopt a solution-oriented mindset, viewing the country's unique challenges as potential sources of innovation and entrepreneurship. He argues that the focus should shift from seeking opportunities abroad to identifying and pursuing the abundant possibilities for local economic development that often go unnoticed. Together, these narratives present a powerful argument for the private sector’s role in Ghana’s future. While Bartlett-Vanderpuye demonstrates the practical steps of scaling a business through persistence and market understanding, Santana emphasizes the psychological shift required to value domestic potential over foreign alternatives. Both leaders advocate for an entrepreneurial culture that prioritizes job creation and skill development as the primary metrics of success. As Ghana continues to navigate economic complexities under the administration of President John Mahama, these stories provide a blueprint for a new generation of professionals to build enduring legacies within their own borders.

Olive Africa Acquires GTP as Ghana Strengthens Global Investment and Trade Ties
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Olive Africa Acquires GTP as Ghana Strengthens Global Investment and Trade Ties

Ghana’s business landscape is undergoing a significant transformation, marked by a surge in local ownership of iconic brands and robust investment flows from regional neighbors. Olive Africa Partners Fashions, led by private equity veteran Kofi Kwakwa, has acquired TexStyles Ghana—the parent company of the legendary textile brands GTP and Woodin—from the Dutch-based Vlisco BV. This move toward domestic equity comes as the 2025 Foreign Direct Investment (FDI) Report highlights a strengthening relationship with West African partners. Nigeria has emerged as Ghana’s third-largest source of new investments, contributing US$104.68 million to a total FDI pool exceeding US$2.6 billion across 254 projects this year. The acquisition of TexStyles Ghana grants Olive Africa full ownership and control over the company’s trademarks and operations, a move Mr. Kwakwa described as personally significant due to his family’s long-standing ties to the brand. While the company will maintain its current management during the transition, the deal signals a new era for Ghanaian textiles. To further capitalize on regional growth, Ghana's High Commissioner to Nigeria, Baba Sadiq Abdulai Abu, has met with the CEO of the Ghana Investment Promotion Centre (GIPC), Simon Madjie. Their discussions centered on the "Ghana in Nigeria" initiative, which aims to deepen economic diplomacy and leverage cultural ties to create more commercial partnerships between the two nations. Beyond the continent, Ghana is aggressively marketing its brand to attract international capital and diaspora engagement. The government is reportedly in advanced negotiations for a £10 million "Visit Ghana" sponsorship deal with English football club Sunderland, intended to promote tourism and trade to a global audience. These efforts are complemented by the 10th anniversary of the Ghana Property & Lifestyle Expo in London. High Commissioner Mrs. Sabah Zita Benson noted at the event that the Expo has facilitated over US$100 million in property transactions over the last decade, serving as a critical bridge for the diaspora to invest in the domestic real estate market. While the government pursues an open-door investment policy, it is also tightening regulatory oversight to protect local traders. The Ghana Union of Traders’ Associations (GUTA) has issued a stern warning against "fronting," a practice where Ghanaian traders allow foreign nationals to operate retail businesses under their names. GUTA President Clement Boateng emphasized that under the updated GIPC law, those found bypassing retail restrictions through such arrangements will face severe legal consequences. This dual focus on attracting high-value foreign investment while safeguarding local retail opportunities remains a central pillar of Ghana's current economic strategy.

Getty Images A woman talks to someone on a video call on her smartphone in front of the building housing the New York Stock Exchange on Wall Street, which is covered in a huge Grindr poster to mark the company going public in November 2022. A LGBTQ+ flag is flying beneath it, alongside the US flag, with people milling around below.
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Ghana's Gold Earnings Hit $12.5 Billion as Middle East Tensions Reshape Global Trade and Energy Markets

Ghana’s gold export sector has demonstrated remarkable financial resilience despite logistical hurdles, recording a 49% surge in earnings to reach US$12.50 billion in the first half of 2026. According to data from the Bank of Ghana and the World Bank, this revenue growth occurred even as export volumes saw a marginal 0.5% decline to 2.80 million fine ounces. The disconnect between volume and value is attributed to a significant 49.7% spike in the average realized gold price, which rose to approximately $4,463.80 per fine ounce. However, officials noted that the ongoing conflict in the Middle East has severely disrupted traditional trade routes, particularly those through the United Arab Emirates, forcing the rerouting of shipments through Shanghai and India at a higher cost. These geopolitical tensions are simultaneously fueling volatility in the global energy market, as escalating friction between the U.S. and Iran impacts maritime security. Oil prices have continued an upward trajectory, with Brent crude futures rising to $97.49 and West Texas Intermediate reaching $92.92 a barrel following attacks on oil tankers in the Strait of Hormuz. Analysts from Goldman Sachs have warned that these disruptions to Middle East shipping could influence price risks well into 2027. While gold remains a primary beneficiary of its safe-haven status, recent market data shows a slight 0.5% ease in prices to $4,405.47 per ounce, as robust U.S. payroll data bolstered expectations for higher interest rates, which typically dampen the appeal of non-yielding assets. In the broader corporate landscape, major international firms are navigating significant regulatory and strategic challenges. The LGBTQ+ dating platform Grindr has agreed to a £26 million settlement following a lawsuit alleging the improper sharing of sensitive user data, including HIV status, with third parties. Although the company disputes the allegations and maintains that the practices were historical, the settlement underscores the increasing legal scrutiny surrounding data privacy. Meanwhile, in the aviation sector, Singaporean officials have stepped in to defend Singapore Airlines' 25.1% investment in Air India. Despite the airline's current financial losses, the investment is being framed as a necessary move to secure long-term growth beyond the limitations of Singapore's domestic market. As 2026 progresses, the interplay between geopolitical conflict and commodity pricing remains a critical concern for Ghana’s economic outlook. While the surge in gold revenue provides a significant boost to foreign exchange reserves, the increased logistical costs and the unpredictability of Middle East shipping routes present ongoing risks to export stability. Investors and policymakers are now closely monitoring upcoming inflation data from the United States, which will likely dictate the next phase of Federal Reserve policy and, by extension, the trajectory of both gold and oil prices in the second half of the year.

Bank of Ghana Toughens Financial Oversight with New Dud Cheque Penalties and Crypto Framework
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Bank of Ghana Toughens Financial Oversight with New Dud Cheque Penalties and Crypto Framework

The Bank of Ghana (BoG) has introduced a comprehensive set of measures to strengthen the nation's financial discipline and regulatory framework, targeting everything from currency stability to the emerging virtual assets sector. In a bid to maintain the cedi's stability through the remainder of 2026, the central bank has announced plans to inject approximately US$500 million into the market this September. This intervention, supported by remittance inflows and assistance from the Ghana Gold Board, aims to counter the 7.9% depreciation the currency experienced earlier in the year and meet the heightened demand for foreign exchange typically seen during the Christmas import season. To further safeguard the integrity of the banking system, the BoG has implemented a rigorous new penalty regime for the issuance of dud cheques. Under these guidelines, first-time offenders face a 10% fine of the cheque value, which escalates to 15% for a second offense and 20% for a third. Beyond financial penalties, habitual offenders will be hit with severe sanctions, including a three-year ban on issuing cheques and a one-year restriction on accessing new credit facilities. The central bank emphasizes that these measures are critical to maintaining financial order and protecting the credit scores of account holders. Addressing the rapid rise of digital currencies, the Bank of Ghana is also set to roll out formal guidelines for virtual assets, clearing a path for the licensing and regulation of businesses in the crypto sector. Governor Dr. Johnson Asiama noted that while virtual assets carry significant risks, previous attempts to ignore the industry have failed to curb its growth. The initiative is being spearheaded by the newly inaugurated Virtual Assets Coordinating Committee, which will align regulatory actions under the Virtual Assets Service Providers Act, 2025 (Act 1154) to provide a robust legal framework for Ghanaian users and investors. In the broader digital ecosystem, the Mobile Money Advocacy Group Ghana (MoMAG) has issued an urgent call for mobile money agents to diversify their business models. National Secretary Kingsley Amoako-Atta warned that as technological advancements and shifting consumer behaviors reshape the telecommunications and financial sectors, agents who fail to adapt risk becoming obsolete. This push for diversification reflects a wider trend across West Africa's financial landscape, as seen in Nigeria, where the agro-commodity firm Sunbeth Global Concepts recently demonstrated strong regional liquidity by successfully redeeming a ‖25.1 billion Series 1 Commercial Paper. Together, these developments signal a pivotal shift toward a more regulated and modernized financial environment in Ghana. While the BoG focuses on tightening traditional banking controls and stabilizing the cedi, the push for virtual asset regulation and the evolution of the mobile money sector highlight the necessity for businesses and consumers alike to adapt to a digital-first economy. The coming months will be critical as these new penalties and licensing regimes take full effect, determining the long-term resilience of the nation's financial markets.

President Mahama’s $10 Billion “New Economy” Agenda Takes Shape with NDPC Oversight and Private Sector Support
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President Mahama’s $10 Billion “New Economy” Agenda Takes Shape with NDPC Oversight and Private Sector Support

Finance Minister Dr. Cassiel Ato Forson has confirmed that the National Development Planning Commission (NDPC) will lead the monitoring of the government’s ambitious “New Economy” programme. Announced by President John Dramani Mahama, the initiative is anchored by a US$10 billion investment plan designed to transition Ghana beyond economic stabilization toward a focus on aggressive production, job creation, and wealth generation. Full details of the programme and its investment framework are set to be unveiled during the upcoming 2027 budget presentation in November, marking a critical milestone in the administration's economic strategy. Complementing this national vision, state institutions are reporting significant progress in digital service delivery and logistical modernization. The Minister for Communication, Digital Technology and Innovations, Samuel Nartey George, revealed that Ghana Post has successfully delivered 190,781 passports directly to applicants' homes since the inception of its doorstep service in May 2025. In the first seven months of 2026 alone, over 85,000 deliveries were completed, supported by a fleet expansion of 41 motorbikes and five pickup vehicles. This efficiency has earned Ghana Post the EMS Silver performance status, making Ghana the only African country currently in this elite category. At the local level, the Kumasi Metropolitan Assembly (KMA) is aligning with this modernization drive by announcing a total transition from traditional static billboards to digital advertising boards starting in 2027. Mayor Richard Ofori Boadi Agyemang stated that the initiative aims to enhance the aesthetic appeal of the city’s major corridors—including the Central Business District and Airport Roundabout—while streamlining advertising regulations. The KMA plans to reduce the overall number of advertising boards, enforcing strict guidelines on design and placement while removing aging or non-compliant structures that have failed to meet fee obligations. The private sector is also playing a pivotal role in supporting state-led humanitarian and economic efforts. Foreign Affairs Minister Samuel Okudzeto Ablakwa disclosed that Ibrahim Mahama’s Engineers and Planners Limited contributed GH¢16 million toward the GH¢49.72 million emergency evacuation of 1,900 Ghanaians from South Africa. This collaboration between the government and indigenous businesses underscores a broader trend of public-private synergy as the nation prepares for the full rollout of the New Economy agenda. With the upcoming budget set to define the next phase of growth, these developments reflect a multifaceted approach to institutional reform and economic expansion.

Ghana Airports Company and Local Industry Leaders Secure Top Awards for Service Excellence
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Ghana Airports Company and Local Industry Leaders Secure Top Awards for Service Excellence

Ghanaian corporate entities are receiving significant recognition both internationally and locally for their commitment to service excellence and professional standards. Leading the charge, the Ghana Airports Company Limited (GACL) recently secured two major accolades at the 8th Airports Council International (ACI) World Airport Experience Summit in Istanbul, Turkey. These honors, alongside a sweep of awards in the insurance and travel sectors, reflect a growing institutional focus on enhancing the customer journey and maintaining high operational benchmarks across Ghana’s service-driven industries. At the ACI global summit, Accra International Airport (AIA) was honored as the ‘Best Airport at Departures – Africa’ within the two to five million passenger category and achieved Level 1 Customer Experience Accreditation. GACL Managing Director, Mrs. Yvonne Nana Afriyie Opare, attributed these achievements to the collaborative efforts of the airport ecosystem. She emphasized that the recognition, which occurred during a summit focused on human-centered travel, should serve as motivation for staff to sustain the high standards now recognized on the world stage. Domestic excellence was also celebrated in the insurance and tourism sectors. Hollard Ghana and its subsidiaries achieved a milestone by winning the Customer Care Award for the third consecutive year at the Ghana Insurance Awards. Group CEO Patience Akyianu noted that the company’s success stems from continuous investment in technology and infrastructure, including a new Customer Experience Centre. In a similar vein, Provident Insurance’s Ellen Amihere was named Claims Professional of the Year 2025, while Cliffmelvyn Travel & Tours was crowned the 2026 Travel Service Company of the Year in the Bono Region, highlighting a nationwide push for professionalism and fraud prevention in travel services. Beyond corporate accolades, the intellectual foundation of Ghana’s service culture was bolstered by the launch of two books by business consultant Ms. Charlotte Sarfowaa Akan-Duncan. Titled ‘The Art of Becoming’ and ‘Living the Experience,’ the works focus on personal development and the necessity of empathy in building strong brands. At the Accra launch, which saw the first copy sell for GHS 20,000, industry leaders like John Awuah of the Ghana Bankers Association underscored that personal discipline and authentic care are the bedrock of organizational progress. Collectively, these developments signal a maturing business environment in Ghana where service quality is increasingly viewed as a critical competitive advantage. From aviation to insurance and professional consulting, the emphasis remains on moving beyond transactional relationships to create meaningful, value-driven experiences. As these organizations continue to garner accolades, the focus shifts toward sustaining these benchmarks to ensure Ghana remains a regional hub for professional excellence and reliable service delivery.