Author: Editorial Staff

The Bank of Ghana (BoG) is forecasting economic growth of around 6 percent in the second half of 2026, supported by coordinated fiscal and monetary measures, structural reforms and gains from Ghana’s IMF-supported programme. Governor of the Bank of Ghana, Dr Johnson Asiama, said the country’s economic recovery is becoming firmly entrenched, with stronger economic activity, improved external buffers and relative stability of the cedi pointing to sustained expansion. “Looking ahead, we expect growth of around 6 percent in the second half of the year, as this recovery matures,” Dr Asiama said at the Fidelity Bank Debt Capital Markets Conference…

The true economic cost of Ghana’s Gold Board (GoldBod) programme may be higher than figures currently dominating public debate, with an estimated GH¢2 billion in forgone withholding tax revenue yet to be fully factored into assessments of the initiative, economist Dr Adu Owusu Sarkodie has said. Dr Sarkodie, a Senior Lecturer at the University of Ghana and Executive Director of the Centre for Policy Scrutiny, said evaluating GoldBod solely on its reported financial gains or losses would provide an incomplete picture of its impact on the economy. According to him, the government must account for the full range of direct…

The Minister for Labour, Jobs and Employment has announced Dr. Abdul‑Rashid Hassan Pelpuo plans to introduce the National Workplace Compliance and Safety Management System (NWCSMS) as part of broad efforts to strengthen workplace inspections, improve regulatory compliance, and protect workers from occupational accidents, diseases, and other hazards. The proposed system is expected to transform Ghana’s workplace compliance regime from a largely manual, reactive, and fragmented structure into an integrated, risk-based, and technology-driven framework for workplace registration, inspections, compliance monitoring, and enforcement. Speaking at a stakeholder meeting on the project, the Minister said changes in the world of work, coupled with…

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…