Business

The Bank of Ghana (BoG) has introduced stricter sanctions for customers who issue cheques without sufficient funds, with penalties increasing from 10% to 20% of the cheque’s value for repeated offences.Under the revised rules, a cheque is classified as a dud cheque when there is not enough money in the issuer’s account to cover the amount stated. The bank will …

Kenya’s Trade Ministry has issued a sharp warning to foreign nationals, asserting that visa-free entry privileges do not grant them the right to work or operate local businesses, as the government moves to shut down unlicensed small-scale traders across the country. The warning coincides with a deadline set by President William Ruto requiring foreigners operating small-scale enterprises to immediately cease …

A legal practitioner, Jonathan A. Alua, has invoked the original jurisdiction of the Supreme Court to challenge the Ghana Revenue Authority’s (GRA) power to determine the quantity of passenger baggage eligible for exemptions from customs duties and taxes. Mr Alua has sued the Attorney-General and the Commissioner-General of the GRA over Regulation 18(2)(b) of the Exemptions Regulations, 2025 (L.I. 2514), …

GoldBod Jewellery Limited has launched its Corporate Gold Access Programme, giving corporate employees the opportunity to purchase authentic gold jewellery through flexible payment plans and outright purchases. In a statement released on Thursday, September 3, 2026, the company announced that participating organizations can also arrange onsite product showcases, enabling staff to inspect and select pieces directly from their workplaces without …

The National Premix Fuel Secretariat has announced a temporary disruption in the supply of premix fuel following an ongoing sit-down strike by members of the Ghana National Petroleum Tanker Drivers Union. The tanker drivers commenced the strike on Wednesday, September 2, 2026, in protest against the deteriorating condition of the 7.2-kilometre Valco Roundabout–Kpone Junction road in Tema. According to the …

Fresh tomato prices recorded a dramatic 158.3% year-on-year increase in August 2026, emerging as the commodity with the highest price surge during the month, according to the Ghana Statistical Service (GSS).The sharp rise occurred even as overall food inflation eased slightly to 3.0% in August, down from 3.1% in July.Tomatoes Lead Price IncreasesGovernment Statistician, Dr. Alhassan Iddrisu, said the figures …

The Ghana Gold Board (GoldBod) has submitted a formal proposal to acquire roughly three acres of land in Cantonments, Accra, from the Department of Parks and Gardens to build its permanent operational headquarters. Under a land-swap arrangement detailed in an August 20 letter, GoldBod plans to construct a state-of-the-art administrative facility for Parks and Gardens, alongside agreed-upon logistical support, in …

Credit: The Point of View on Channel One TV The Director of Research at the Institute of Economic Affairs (IEA), Prof. Alexander Bilson Darku, has challenged claims that the Ghana Gold Board (GoldBod) incurred a US$1.7 billion loss under the Domestic Gold Purchase Programme (DGPP) in 2025. His comments come amid growing debate over a reported US$1.7 billion loss associated …

The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have warned the public against a purported cryptocurrency investment platform known as “Daily Wealth Guide.”In a joint statement, the regulators described the platform as a scam and urged Ghanaians not to deposit money with its operators. According to the regulators, individuals behind the platform are allegedly using promises …

Standard Chartered Bank Ghana PLC has paid GH¢97.8 million in dividends to the Social Security and National Insurance Trust (SSNIT) for the 2025 financial year, boosting returns from the pension manager’s investment portfolio. The payment forms part of the bank’s total dividend distribution of GH¢673.95 million, which was approved by shareholders at the bank’s 56th Annual General Meeting held in …