Author: Editorial Staff

Ghana has built the technical expertise to run world-class mines, but industry players say the huge cost of mine development and limited access to long-term financing continue to prevent indigenous companies from taking a bigger ownership stake in the country’s mineral wealth. Ghana’s ambition to deepen local ownership of its mining industry is confronting a major obstacle that local content regulations alone may not be able to overcome: access to capital. After decades of commercial mining, Ghana has developed a pool of highly skilled geologists, engineers, lawyers, accountants, mine managers and other professionals capable of operating sophisticated mining projects. Ghanaian…

In a major move to maximize the economic value of its natural resources, the Ghana Gold Board (GoldBod) has announced plans to establish the Ghana Gold Village. The strategic initiative aims to transform the nation from a raw gold exporter into a hub for local jewelry manufacturing, gold fabrication, skills development, and enterprise creation. Speaking at the National Mining Dialogue in Accra, GoldBod Chief Executive Officer Sammy Gyamfi outlined the vision under the theme “Rethinking the Social License to Operate.” Implementation will be led by GoldBod’s subsidiary, GoldBod Jewellery Limited, in partnership with private sector investors. The platform is…

The Minority in Parliament has intensified pressure on the Bank of Ghana (BoG) and the Ghana Gold Board (GoldBod), demanding a full account of more than US$1.7 billion, equivalent to about GH¢22 billion, in losses linked to Ghana’s Domestic Gold Purchase Programme (DGPP) in 2025. The Minority’s concerns follow findings in an August 2026 International Monetary Fund (IMF) report, which indicated that the significant expansion of the programme resulted in losses exceeding US$1.7 billion, representing about 1.5 per cent of Ghana’s Gross Domestic Product (GDP). The development has put the financial structure of the programme under scrutiny, particularly as the…

Ghana’s small and medium-sized enterprises (SMEs) are grappling with an estimated US$4.8 billion annual financing gap, raising concerns over their ability to expand, create jobs and contribute fully to economic growth, the Bank of Ghana (BoG) has revealed. Despite Ghana’s rapid progress in digital payments, thousands of businesses still struggle to secure affordable working capital, exposing a major disconnect between the country’s sophisticated payment infrastructure and access to credit. Second Deputy Governor of the Bank of Ghana, Matilda Asante-Asiedu, said Ghana had successfully built systems that allow businesses and consumers to move money almost instantly but had yet to develop…

Genser Energy has secured €456 million in new financing to accelerate major energy infrastructure projects in Ghana and support its expansion into Côte d’Ivoire and other West African markets. The financing, comprising term and revolving credit facilities, was arranged by FirstRand Bank Limited through its Rand Merchant Bank division, Absa Bank Limited and Standard Bank of South Africa Limited. In a statement, Genser Energy said the facility would provide working capital for the completion of ongoing engineering, procurement and construction projects while strengthening its balance sheet and providing greater financial flexibility for future investments. The company said the fresh capital…

Ghana is embarking on a major economic shift with a proposed $10 billion investment in strategic development sectors. Spearheaded by President John Dramani Mahama, the multi-billion-dollar initiative aims to revolutionize the agricultural landscape, modernize agro-processing, and drastically cut national reliance on food imports. Under the government’s New Economy Programme, the state plans to allocate $2.5 billion annually over the next four years. Out of the total fund, 50%—amounting to $5 billion—will go directly into transforming agriculture and industrial food processing. Key Highlights of the $10 Billion Plan $5 Billion for Agriculture: Half of the total budget is dedicated exclusively…

Gold Fields Pays GH¢2.9bn to Government in First Half of 2026 Gold Fields Ghana paid more than GH¢2.9 billion to the Government of Ghana in taxes, royalties, dividends and other statutory obligations during the first half of 2026, showing how the mining company helps feed national revenue and overall economic activity . The payments, which covered January to June 2026 , included GH¢1.44 billion in corporate taxes , and this was the biggest chunk of the company’s direct input to government revenue. Gold Fields also transferred GH¢611.8 million in royalties and GH¢375.1 million in dividends to the government. Other statutory…

The dispute over the revocation of mining leases held by Adamus Resources Limited has raised broader questions about regulatory compliance, due process and Ghana’s efforts to increase local participation in the mining industry. What began as a disagreement between the mining company and the Ministry of Lands and Natural Resources has developed into a significant test of how Ghana balances enforcement of mining regulations with investor confidence and the promotion of Ghanaian participation in the natural resources sector. The government says its decision to uphold the revocation followed findings by the Minerals Commission that Adamus had breached aspects of the…

Ghana welcomed more than 1.3 million international tourists in 2025, generating an estimated US$4.34 billion in revenue as the country’s tourism sector recorded growth in both international arrivals and domestic travel. Minister of Tourism, Culture and Creative Arts, Abla Dzifa Gomashie, disclosed that international tourist arrivals reached 1,306,962 in 2025, up from 1,288,804 recorded in 2024. Domestic tourism also maintained its upward trajectory, with visits increasing from 1.68 million in 2024 to 1.79 million in 2025, representing growth of about seven per cent. Madam Gomashie disclosed the figures when she took her turn at the Government Accountability Press Conference…

U.S. investigators examining the controversial US$42 million consultancy arrangement linked to the AKSA power project in Ghana treated the deal as more than an unusually large commercial advisory contract, according to allegations contained in U.S. court documents. Prosecutors alleged that the consultancy formed part of a broader arrangement in which payments to a Ghanaian consulting company were used to facilitate and conceal bribes connected to the proposed power project. The size of the consultancy agreement alone, however, was not the basis of the bribery allegations. A large consultancy fee is not inherently unlawful, and the existence of such a…