Author: Editorial Staff

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…

The Ghana Ports and Harbours Authority (GPHA) has stepped up operational measures at the Port of Tema as authorities move to ease mounting congestion and improve the movement of cargo within Ghana’s busiest seaport. The congestion has been linked to a sharp rise in import traffic, growing volumes of empty containers awaiting export and traffic challenges within and around the port enclave. In a statement, GPHA said the situation had affected the smooth evacuation and transfer of both laden and empty containers, prompting the Authority to intensify coordination with key players in the maritime and logistics sector. According to GPHA,…

The New Patriotic Party (NPP) has called on President John Dramani Mahama to withhold assent to the Ghana Cocoa Board Bill, 2026, warning that some provisions of the legislation could hurt cocoa farmers and weaken key structures within Ghana’s cocoa industry. The party wants the President to return the Bill to Parliament for broader stakeholder consultations and amendments before it becomes law. According to the NPP Policy Secretariat, the party supports reforms to modernise the cocoa sector and agrees that the existing legal framework under PNDCL 81 requires replacement. It, however, maintains that the speed at which the new legislation…

Ghana’s financial markets ended the week on a mixed note, as strong demand for government Treasury bills and sustained gains on the Ghana Stock Exchange (GSE) were tempered by renewed pressure on the cedi. Investor appetite for short-term government securities strengthened considerably, with the latest Treasury bill auction attracting bids far above the government’s target. Activity on the secondary fixed-income market also increased, while the GSE Composite Index extended its impressive rally. The foreign exchange market, however, moved in the opposite direction, with the cedi weakening against the US dollar, British pound and euro. T-Bill Auction Attracts GH¢11.64bn Demand for…

Ghana’s foreign exchange reserves remain robust at about US$12.9 billion, providing the economy with a significant cushion against external shocks despite rising global oil prices and a higher import bill, Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has said. According to the Governor, the country’s external sector continues to demonstrate resilience, supported by strong export earnings from gold and cocoa and an improved trade surplus during the first half of 2026. “Our external sector has also remained resilient,” Dr Asiama said, explaining that the reserve position strengthens the central bank’s ability to respond to external pressures…

MTN Ghana’s Chief Home Officer, Richard Acheampong, says home connectivity has become central to the company’s strategy as the demand for digital services continues to grow, stressing that reliable internet infrastructure will be critical to supporting Ghana’s digital future. According to him, the rapid digitalisation of Ghana’s economy has fundamentally changed how people live, work, learn and conduct business, making dependable home internet connectivity an indispensable pillar of national development. He said as more services migrate online, investing in resilient digital infrastructure will be essential to unlocking economic growth, improving productivity and ensuring that more Ghanaians can participate in the…

MTN Ghana has announced a GH¢2.5 million relief package to support thousands of people affected by the recent floods that swept through parts of Accra and six other regions, reaffirming the company’s commitment to standing with vulnerable communities during times of national crisis. The donation, which will be delivered in partnership with the National Disaster Management Organisation (NADMO) and the Multimedia Group, is expected to provide immediate relief to families who lost their homes, personal belongings and sources of livelihood following one of Ghana’s worst flood disasters in recent years. The intervention comes as emergency response efforts continue across the…

Ghana’s ambitious drive to maximise the value of its mineral wealth is gathering significant momentum after the Ghana Gold Board (GoldBod) announced that it had acquired approximately 54 metric tonnes of gold from the artisanal and small-scale mining (ASM) sector during the first half of 2026. The latest performance places the country on track to equal or potentially exceed the record levels achieved in 2025, reinforcing the growing importance of small-scale mining in Ghana’s export economy and highlighting the success of government efforts to formalise the gold trade. The figures also underscore a broader transformation taking place within Ghana’s mining…

Residents of several communities within the Bekwai Constituency have received a major development boost following the latest interventions by the Member of Parliament for Bekwai, Hon. Ralph Poku-Adusei, aimed at improving transportation, education, and local economic activities. The latest support package benefited the communities of Kensere-Biribowomanmu-Pampaso, Amanhyia, and Sarfokrom, where ongoing development projects initiated by residents received both financial and material assistance to speed up completion. The presentation of the support was led by the Bekwai Constituency New Patriotic Party (NPP) Chairman, Mr. Fred Nkansah, together with members of the constituency executives, on behalf of the Member of Parliament. At…

The World Bank Group, in partnership with the Swiss State Secretariat for Economic Affairs (SECO) and the Ghana Revenue Authority (GRA), has held a two-day capacity-building workshop aimed at equipping tax officials with behavioural communication strategies to strengthen voluntary tax compliance and improve taxpayer engagement in Ghana. The workshop, themed “Leveraging Social and Behavioral Change Communications for Tax Compliance in Ghana,” brought together officials from the GRA’s Communication and Planning Department to enhance their capacity to develop evidence-based communication strategies that encourage voluntary tax compliance, build public trust and foster stronger relationships between taxpayers and the tax authority. The initiative…