Business

Access Bank (Ghana) Plc has announced the appointment of Pearl Nkrumah as its new Managing Director, effective October 1, 2025. Her appointment, approved by the Board of Directors and the Bank of Ghana, marks a historic milestone as she becomes the first woman to lead the bank since it began operations in Ghana. She succeeds Mr. Olumide Olatunji, who has …

Ghana has taken another decisive step in its economic recovery journey with the signing of a US$256 million Bilateral Debt Restructuring Agreement with the United Kingdom under the G20 Common Framework. The agreement was signed in Accra by Ghana’s Minister for Finance, Dr. Cassiel Ato Forson, and the UK’s Trade Commissioner for Africa, Mr. John Humphrey. It marks Ghana’s third …

Ghana has officially pledged to achieve universal electricity access by 2030, joining 16 other African nations in endorsing National Energy Compacts under the ambitious Mission 300 initiative—led by the World Bank and African Development Bank (AfDB). Speaking at the Bloomberg Philanthropies Global Forum, President John Dramani Mahama reaffirmed Ghana’s commitment to energy-driven development: “Ghana believes universal energy access is key …

In a powerful statement to the global financial community, President John Dramani Mahama rang the opening bell at the Nasdaq Stock Exchange, marking a pivotal moment in Ghana’s renewed push to attract international investment. The event featured President Mahama’s image prominently displayed on the iconic Nasdaq billboard in Times Square, accompanied by the message: “Ghana is Open for Business.” The …

The Government of Ghana has directed the National Food Buffer Stock Company (NAFCO) to purchase surplus grains from farmers across the country, following projections of a bumper harvest in 2025. The directive, announced by the Ministry of Food and Agriculture (MoFA), is aimed at preventing a potential glut on the market—driven by high expected yields this season and unsold carry-over …

The Public Utilities Regulatory Commission (PURC) has announced a 1.14% upward adjustment in electricity tariffs across all consumer categories, effective October 1, 2025. However, water tariffs will remain unchanged for the same period. In a statement signed by Acting Executive Secretary, Shafic Suleman, the Commission explained that the adjustment follows its Quarterly Tariff Review Mechanism, which assesses key economic indicators …

Source: Jubilee House Degas Limited has announced a $100 million investment over the next four years to help establish Ghana as Africa’s first AI-powered agricultural hub, expanding a model that has already financed more than 86,000 smallholder farmers across 122,000 acres nationwide. “Ghana has shown that when technology meets a clear national vision, smallholder farmers can thrive,” said Doga Makiura, …

Accra, August 7, 2025 The Bank of Ghana (BoG) has announced the postponement of the national launch of the Cedi@60 commemorative programme, which was originally scheduled for Friday, August 8. The decision comes in the wake of the tragic military helicopter crash that claimed the lives of eight individuals, including Minister for Defence Dr. Edward Omane Boamah, and Minister for …

Accra, August 7, 2025 The National Communications Authority (NCA) has formally issued a notice to Multichoice Ghana Limited of its intention to suspend the company’s authorisation to operate Pay TV services in Ghana. In a statement released Thursday, the NCA said the planned action concerns Multichoice’s Subscription Management Service for its Satellite Television Broadcasting (Direct-to-Home Bouquet) and stems from what …

Accra, August 6, 2025 Ghana’s headline inflation rate fell to 12.1% in July 2025, down from 13.7% in June, according to new data released by the Ghana Statistical Service (GSS). This marks the seventh consecutive month of decline and represents the lowest inflation rate recorded since October 2021. The steady disinflation trend is being attributed to continued moderation in both …