Author: Editorial Staff

Ghana’s decades-long battle against illegal mining, popularly known as galamsey, may require more than military operations, arrests and the seizure of excavators to achieve lasting success. A fundamental shift towards modern technology, economic incentives and responsible mining practices could hold the key to ending the environmental destruction while protecting the livelihoods of thousands of Ghanaians who depend on the sector. At the centre of this proposed transformation is an ambitious target: increasing gold recovery from the estimated 30 per cent achieved by many illegal miners to as much as 95 per cent through modern processing technology, improved geological information and…

The Bank of Ghana (BoG) has issued a stern warning against the deliberate mutilation, defacement and illegal repair of Ghanaian cedi notes, directing members of the public to surrender damaged currency to commercial banks for examination and possible replacement. The Central Bank cautioned that individuals who tamper with, alter or deliberately damage banknotes risk prosecution, with convicted offenders facing fines of up to 750 penalty units, imprisonment for up to three years, or both. In a statement, the BoG expressed concern over the practice of taping, gluing and rejoining torn banknotes before returning them to circulation, warning that such activities…

The Chief Executive Officer of MobileMoney FinTech Limited (MMFL), Shaibu Haruna, has outlined five major technological innovations expected to reshape Ghana’s financial technology industry over the next 12 to 24 months, with artificial intelligence, digital assets and instant payment systems emerging as key drivers of growth. He identified artificial intelligence (AI), open finance, embedded finance, digital assets and instant payment rails as critical developments that could revolutionise financial service delivery, strengthen fraud prevention, deepen financial inclusion and unlock new investment opportunities for millions of Ghanaians. Speaking at an engagement with business editors in Accra on Friday, Mr Haruna said the…

The Bank of Ghana (BoG) has directed banks to strengthen credit risk management, fraud prevention, cybersecurity and liquidity controls as the rapid expansion of private sector lending raises fresh concerns about financial sector vulnerabilities. The Central Bank warned that the strong rebound in credit demand must be accompanied by stricter lending standards, effective risk management systems and full compliance with regulatory requirements to safeguard the stability of Ghana’s banking industry. Speaking at a meeting with heads of banks in Accra on Tuesday, the Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, said financial institutions must prioritise prudent lending…

Ghana is set to formally apply for membership of BRICS following Cabinet approval, as the government moves to diversify its international economic partnerships, attract investment and accelerate the country’s industrial transformation. The Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, announced the decision in Accra on Tuesday, describing it as a significant step towards expanding Ghana’s development options and strengthening its position in the evolving global economic order. According to him, the decision forms part of President John Dramani Mahama’s broader economic transformation agenda, which seeks to move Ghana beyond economic stabilisation towards sustainable growth, job creation, industrialisation and greater control…

World Child Cancer is seeking to raise GH¢11.6 million to strengthen diagnosis, treatment and supportive care for children battling cancer in Ghana as the organisation steps up efforts to improve survival outcomes. The Sub-Saharan Africa Regional Finance Manager of World Child Cancer, Mr Saviour Senanu Bruce, disclosed the fundraising target at the organisation’s NTOBOA FAIR initiative in Accra. He said although the GH¢11.6 million target appeared substantial, it remained modest considering the high cost of childhood cancer treatment and the number of children requiring support. “Our fundraising target is GH¢11.6 million. Although this may appear to be a substantial amount,…

MTN Ghana has identified the gaming sector as Africa’s next major economic and cultural breakout, announcing strategic investments, a dedicated 5G gaming network, and new institutional partnerships to position Ghana as the continent’s premier game development hub. Speaking at the MTN DigiFest Gaming Conference at the Labadi Beach Hotel in Accra, MTN Ghana CEO Stephen Blewett said Africa’s creative talent gives the continent a strong foundation for building a globally competitive digital entertainment industry. “The future of the next big breakout in Africa will be gaming, and it already is gaming. I’ve said that to investors, I’ve said it publicly,…

Ghana is courting strategic investors to unlock what the Minerals Commission says is an estimated 3 trillion ounces of gold still underground, but insists the resource will only be exploited under partnerships that deliver substantial benefits to Ghanaians while guaranteeing fair returns to investors. Chief Executive Officer of the Minerals Commission, Isaac Tandoh, said Ghana’s next phase of mineral development would prioritise value creation, job opportunities, skills development and improved livelihoods rather than extraction merely for export. He said the government wanted every ounce of gold extracted from the country to make a meaningful contribution to Ghana’s socio-economic development.…

Ghana’s equities market posted strong gains in the week ending September 11, 2026, defying weakness in the fixed-income and currency markets as investor activity shifted across key segments of the financial market. An analysis by Tesah Capital’s Financial Market Update showed that the Ghana Stock Exchange (GSE) emerged as the strongest-performing segment during the week, with the Composite Index closing at 14,611.15 points and delivering a year-to-date return of 66.60%. The performance contrasted sharply with developments in the fixed-income market, where investor demand for Treasury bills declined from GH¢9.94 billion to GH¢8.20 billion. Secondary-market trading activity also weakened, with volumes…

When Ghana allocated GHS 9.9 billion to the National Health Insurance Scheme (NHIS) in March 2025 and launched the Mahama Cares programme to improve treatment for cancer, kidney disease, diabetes and cardiovascular conditions, it demonstrated a strong commitment to better healthcare. Yet behind these investments lies a less visible challenge: many hospitals still struggle to maintain a reliable supply of sterile medical products. Without reliable access to sterile medical supplies such as syringes, surgical instruments and wound dressings, even the best-equipped hospitals cannot provide safe treatment or effectively reduce the risk of healthcare-associated infections. A 2023 study published in BMC Health…