Business

The government will maintain its 2026 budget at GH¢357.1 billion, with no changes to the total appropriation approved by Parliament, Finance Minister Dr Cassiel Ato Forson has announced. Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Dr Ato Forson said the government was instead adjusting spending priorities within the existing budget to better align resources with …

The Secretariat of the 24-Hour Economy Programme has dismissed claims that the government’s flagship policy has failed to produce tangible results, insisting that the initiative is already attracting major investments, creating jobs and expanding round-the-clock operations across key sectors of the economy. In a statement responding to comments by the Ranking Member of Parliament’s Economy and Development Committee, Kojo Oppong …

Customers of the defunct Gold Coast Fund Management are urging the government to make a full budgetary allocation in the 2026 Mid-Year Budget Review to settle their outstanding investments, insisting it is time to fulfil President John Dramani Mahama’s campaign pledge to compensate affected investors. In a statement issued on Thursday, July 16, the Aggrieved Customers of Gold Coast Fund …

The Bank of Ghana (BoG) has revoked the Dedicated Electronic Money Issuer (DEMI) licence of Zeepay Ghana Ltd with immediate effect, citing persistent regulatory breaches and failure to comply with directives issued by the central bank. In a public notice dated July 14, 2026, the BoG said the action was taken under Section 13 of the Payment Systems and Services …

Finance Minister Dr. Cassiel Ato Forson will present the 2026 Mid-Year Budget Review to Parliament on Thursday, July 23, Deputy Majority Leader Kweku Ricketts-Hagan has announced. The date was confirmed on Tuesday, July 14, when deputy majority leader, Hon. Ricketts-Hagan presented the Business Statement outlining parliamentary business for the coming week. He told the House that while the Finance Minister …

The International Monetary Fund (IMF) has appointed former Bank of England policymaker Silvana Tenreyro as its next Economic Counsellor and Director of the Research Department, entrusting the respected monetary economist with leading the institution’s economic analysis at a time of heightened global uncertainty. Tenreyro will assume office on August 10, 2026, succeeding Pierre-Olivier Gourinchas, who recently returned to academia after …

The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) has presented a dividend of GH¢14.58 million for the 2025 financial year to its sole shareholder, the Bank of Ghana, following another year of strong financial performance. The dividend was officially presented on Wednesday, July 1, 2026, during a ceremony held at The Bank Square after the successful conclusion of GhIPSS’ …

Consumers and businesses are set to enjoy some relief at the pumps as several Oil Marketing Companies (OMCs) begin reducing fuel prices at the start of the second pricing window of June. State-owned GOIL is among the first companies to implement downward adjustments, citing favorable developments on the international petroleum market. At GOIL stations, petrol now sells at GH¢13.87 per …

Government has revised its projected petroleum revenue for 2026 upward to approximately $1.5 billion, citing higher-than-anticipated crude oil prices on the international market. The new forecast represents a significant increase from the estimated $1 billion contained in the 2026 Budget and comes amid a sustained rise in global oil prices, largely driven by geopolitical tensions in the Middle East. Finance …

Elizabeth Ofosu-Adjare, Ghana’s Minister for Trade, Agribusiness and Industry, has promoted Ghana as a strategic entry point into Africa’s 1.4 billion consumer market, encouraging Chinese investors to leverage the country’s role as host of the African Continental Free Trade Area Secretariat. Speaking at the Ghana-China Investment Forum in Jinan on Thursday, May 21, 2026, the Minister described Ghana as a …