Business

Aggrieved customers of the defunct Gold Coast Fund Management are preparing to stage another protest on Tuesday, September 1, 2026, to demand the release of their outstanding investments.The planned demonstration follows the failure to include a full budgetary provision for the settlement of their claims in the 2026 Mid-Year Budget Review.The customers had previously appealed to President John Dramani Mahama …

Ghana’s state-owned enterprises (SOEs) recorded a major improvement in their financial performance in 2025, moving from a combined net loss of GH¢2.25 billion in 2024 to a net profit of GH¢19.8 billion, according to the State Interests and Governance Authority (SIGA).The figures are contained in SIGA’s 2025 State Ownership Report, which indicates a significant recovery in the financial position of …

Accra Brewery PLC (ABL) has raised concerns over proposed changes to Ghana’s beer excise duty system, warning that the new measures could increase taxes on locally produced beer and put as many as 2,000 jobs at risk.The company says the proposed changes could also discourage investment and give imported beer an unintended advantage over products manufactured locally.ABL argued that local …

The Institute of Economic Affairs (IEA) has disputed claims that the Ghana Gold Board (GoldBod) suffered a GH¢1.7 billion loss through the Bank of Ghana’s Domestic Gold Purchase Programme.According to the IEA, a significant portion of the amount being described as a loss is instead linked to accounting and foreign-exchange valuation differences arising from gold transactions between the Bank of …

Barely a year after Ghana’s gold-led economic recovery earned plaudits as one of West Africa’s most remarkable turnarounds, the institution at the heart of that transformation—the Ghana Gold Board (GoldBod) is now navigating a fundamentally changed operating environment. From 1 July 2026, the Bank of Ghana ceased pre-financing GoldBod’s gold purchases, transferring all remaining Domestic Gold Purchase Programme activities and …

The World Bank says 56.4% of Ghanaians continue to live in poverty despite recent economic growth, with widening disparities across regions pointing to a gap between the country’s economic performance and the living conditions of many citizens. Speaking at the launch of the World Bank Group’s 10th Ghana Economic Update, World Bank Division Director for Ghana, Liberia and Sierra Leone, …

(Credit: Citi FM / Channel One TV) ACCRA – The International Monetary Fund (IMF) has attributed recent improvements in the fiscal performance of Ghana’s energy sector to a combination of exchange rate stability, improved domestic revenue collection, and strategic energy management.Speaking in an interview on The Point of View on Channel One TV (operated by Citi FM), the IMF Resident …

(Credit: Citi FM / Channel One TV – Citinewsroom) ACCRA – The International Monetary Fund (IMF) has lauded Ghana’s economic turnaround, describing the country’s recovery trajectory as “quite impressive” and noting that key macroeconomic indicators have significantly outperformed initial baseline projections set under the $3 billion Extended Credit Facility (ECF) program.Speaking on The Point of View on Channel One TV …

Story by Isaac Mortey Months after the Ghana Gold Board (GoldBod) rolled out its licensing regime for goldsmiths and jewellers, a significant number of practitioners across the country have still not been able to access the platform, according to Kwabena Asomaning, Administrator of the Federation of Ghana Goldsmiths and Jewellers Association. Asomaning said the barrier is not one of willingness …

The Ghana Revenue Authority (GRA) has raised concerns over persistent value-added tax (VAT) compliance challenges among businesses, with some firms allegedly collecting the tax from customers but failing to remit the proceeds to the government. Commissioner-General of the GRA, Anthony Kwasi Sarpong, said the situation remains a significant challenge to Ghana’s efforts to improve domestic revenue mobilisation. Speaking at the …