…changes gear from stability to growth support By Joshua AMLANU & Ebenezer NJOKU The Bank of Ghana (BoG) has cut its benchmark interest rate by 250 basis points (bps) to 15.5 percent, extending its easing cycle to a four-year low as falling inflation and improved macroeconomic conditions allow policymakers to shift focus toward supporting growth. […] The post Central
…slashes benchmark policy rate By Joshua AMLANU & Ebenezer NJOKU The Bank of Ghana (BoG) has reduced the share of gold in its reserves by 51 percent and reinvested the proceeds into foreign-currency assets – betting on yield and liquidity even as bullion prices hit record highs, Governor Dr. Johnson P. Asiama has stated. The […] The post BoG cuts gold exposure by 50%
MTN Ghana has announced a US$ 2 million contribution to the Ministry of Communications, Digital Technology and Innovations to support the government ’s flagship one million Coders Programme, a strategic initiative to accelerate the nation’s digital transformation agenda and deepen youth empowerment and skills development. The funding will help the government to train one million […] The post MTN
The Chief Executive Officer of the Pan-African Payment and Settlement System (PAPSS), Mr. Mike Ogbalu III has set an audacious target of processing 80% of Africa’s commercial payments through PAPSS within five years, as the platform achieves 2,000% growth and expands to 20 countries. Speaking during a session on the AfCFTA podcast, Mr. Mike Ogbalu […] The post 80%
The Vice President, Prof. Jane Naana Opoku Agyemang, paid a working visit to the Ministry of Lands and Natural Resources as part of efforts to enhance the accessibility of the Presidency to all. In her remarks, the Vice President stated that the visit was one of numerous visits to various ministries, emphasizing that its purpose […] The post Veep pays working visit to Ministry of Lands
By Ernest Bako WUBONTO GCB Bank PLC has been officially designated as the collecting bank for the ‘Ghana Sports Fund,’ established under Act 1159, to create a sustainable financial bedrock for the future of sports. Under this partnership with the Ministry of Sports and Recreation, GCB Bank will mobilise sustainable financing for the development of […] The post GCB Bank entrusted with statutory
The monetary policy committee of the Bank of Ghana lowered its benchmark interest rate by 250 basis points to 15.5%, deepening its easing stance as inflation continues to slow and economic activity firms. The decision was taken by a majority of members at the Committee’s 128th meeting, Governor Dr. Johnson Pandit Asiama said at a […] The post BoG cuts policy rate by 250bps to 15.5% appeared
By Edward Boateng OPOKU I love documentaries. One of my all-time favourites is ‘Seconds From Disaster’. If you’ve watched even a few episodes, one idea keeps coming up in different forms: accidents are almost never caused by a single mistake. They happen when a chain of factors quietly line up, collide at the wrong moment, and turn […] The post Anatomy of a motor
By Dr Kofi ANING Jnr Detty December has become one of Ghana’s most powerful cultural exports. Each year, visitors from the diaspora and across Africa flock to Accra to immerse themselves in music, culture, nightlife, reunions, and festive celebrations. Hotels overflow, Airbnbs surge in occupancy, restaurants are packed, and venues compete to host the season’s […] The post Detty December: The
Ghana’s High Commissioner to Canada, Professor Dora Francisca Edu-Buandoh, has unveiled an ambitious strategy to recalibrate bilateral trade relations, prioritising agribusiness value addition, artificial intelligence (AI) partnerships and clean energy collaboration as pillars of a deeper economic engagement between the two countries. The approach represents a shift from traditional commodity-led trade toward technology-driven and investment-focused […] The post Ghana–Canada
By Joseph Akyeampong Esq In the Daily Graphic of 17th December 2025, a report by the Business Desk calmed the nerves of most shoppers who are accustomed to shopping at Shoprite, the South African retail giant since it opened in Ghana. The import of the story is that, following the exit of Shoprite from Ghana […] The post The franchise acquisition of Shoprite: A model
By Prince OWUSU-ANSAH and Maud AVEVOR Ghana’s recent VAT reforms mark an important, though often misunderstood, shift in the country’s tax policy. Public debate has largely centred on whether the changes will immediately reduce prices or weaken government revenue. These are fair concerns, especially in a high-inflation environment (currently stable with a single digit rate), but […] The post VAT
By Buertey Francis BORYOR The newly sworn-in President of the Ghana Publishers Association (GPA), Edward Yaw Udzu, has pledged to pursue a lean but focused reform agenda aimed at strengthening the publishing industry’s contribution to education, culture and national development. Mr. Udzu made the commitment at the handing-over and induction ceremony of the new GPA […] The post GPA’s
By Desmond Isaac ADDO Email: [email protected] For more than a hundred years, Ghana has grown cocoa. But for most of that time, we did not make the real money from it. We grew the beans. Others made the chocolate. For decades, Ghana exported cocoa almost exactly as it came from the farm. Countries elsewhere processed […] The post What do you know: About development
A Japanese business delegation has engaged MTN Mobile Money Limited (MoMo) to better understand Ghana’s rapidly expanding fintech ecosystem, particularly the role mobile money plays in financial inclusion, payments infrastructure and cross-border transactions. The engagement, held at the Ghana Exim Bank Conference Room in Accra, followed a request from the Japanese Embassy for its business […] The post Japanese
The African Continental Free Trade Area (AfCFTA) concluded its Tenth Meeting of the Committee on Digital Trade in Nairobi, marking four days of substantive discussions aimed at accelerating implementation of the AfCFTA Protocol on Digital Trade across the continent. Member states engaged in detailed discussion on critical priority areas including cross-border payments, data transfers, digital […] The post AfCFTA
By Vivian Kai LOKKO For decades, Ghana’s downstream petroleum industry followed a familiar script. A few dominant brands controlled the pumps, set the tone on quality, and commanded fierce customer loyalty. Local oil marketing companies (OMCs) operated on the fringes—present, but rarely powerful. That story has now been shattered Over the past five years, Ghana’s […] The post How fuel underdogs
…as gold touches US$5,300 in Jan ‘26 The Bank of Ghana’s gold holdings fell to 18.6 tonnes at the end of December 2025, according to the Summary of Economic and Financial Data released on January 28, 2026. The development marks a more than reduction from the 38.04 tonnes recorded in October 2025. The data suggests […] The post Gold reserves decline to 18.6 tonnes in Dec. ‘25
By Professor Douglas BOATENG There is a painful truth many prefer to whisper, if at all. It sounds harsh. It feels unfair. But history, markets, and global behaviour keep confirming it with uncomfortable consistency: the world does not doubt Africa as much as Africans doubt Africa. Before investors hesitate, before partners patronise, before global powers […] The post The
Platinum Impex, operating under the brand Sigma Appliances, has reached a significant milestone in its commitment to “powering growth together” by distributing more than GH¢1million in cash rebates to its wholesale partners. The rewards were issued under the company’s flagship loyalty program, the Platinum Partner Program. Launched in January 2025, the program was designed to […] The post Sigma
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