Business

In a bold declaration that could reshape Ghana's financial landscape, the country's central bank chief has set his sights on cutting lending rates in half within his tenure—and early signs suggest the journey has already begun. Dr. Johnson Asiama , Governor of the Bank of Ghana, has reaffirmed his ambitious goal to bring lending rates down to no more than 10 percent  by the end of his four-year term, signaling a major policy shift aimed at making credit affordable for Ghanaia

Ghana may be enjoying some breathing room economically, but the nation's most influential traditional leader is warning that now is not the time to relax—it's time to tackle the harder challenges ahead. Otumfuo Osei Tutu II , the Asantehene, has delivered a pointed message to Ghana's economic managers: recent improvements in macroeconomic stability are welcome, but they shouldn't breed complacency or distract from other pressing challenges that continue holding back growth. D

Talk is cheap, and Ghanaians have heard enough promises about fighting illegal mining—now they want to see rivers running clear again before they believe any government is serious about the fight. Victoria Bright , an international corporate lawyer and entrepreneur, has thrown down the gauntlet to the government, insisting that the battle against galamsey will only be credible when citizens can witness tangible environmental recovery with their own eyes. Speaking on JoyNews'

President John Mahama  has announced that Ghana's battle against illegal mining, commonly known as galamsey , is yielding encouraging results, with previously heavily polluted rivers beginning to clear up after months of intensified enforcement operations. Speaking on January 6, 2026, at the University of Ghana's 77th Annual New Year School , Mahama cited visible improvements in water quality as evidence that sustained efforts by government agencies and community actors are s

Kojo Oppong Nkrumah , Member of Parliament for Ofoase-Ayirebi and former government spokesperson, has asserted that the recent strengthening of Ghana's currency against major foreign currencies began during the New Patriotic Party (NPP)  administration in 2024, not under the current National Democratic Congress (NDC)  government. Speaking on Asempa FM's Ekosii Sen programme on January 6, 2026, Oppong Nkrumah attributed the cedi's recovery to policies implemented by the previo

President John Mahama  has pledged that Ghana's ongoing International Monetary Fund (IMF)  programme will be the country's final financial rescue package, vowing to build an economy resilient enough to never again require emergency international intervention. The declaration, made on January 6, 2026, at the University of Ghana's 77th Annual New Year School and Conference , marks a significant policy commitment as Ghana prepares to exit its current Extended Credit Facility  wi

Imagine waking up to discover that your mobile phone bills just got cheaper—not because of a promotional deal, but because of genuine tax reforms that telecommunications companies are passing directly to consumers. That's the reality for millions of Ghanaians as MTN Ghana  announces sweeping tariff reductions across all products and services. The country's leading telecommunications provider has cut prices in response to landmark Value Added Tax (VAT) reforms  that took effec

In an age where artificial intelligence has become a digital companion for millions—offering everything from homework help to emotional support— China  is drawing a critical line in the digital sand: protecting children from the potential dangers lurking in conversational AI. The Cyberspace Administration of China (CAC)  has proposed sweeping new regulations requiring AI developers to implement stringent safeguards specifically designed to protect young users from content tha

A transatlantic flight carrying passengers from the Caribbean to the United Kingdom ended in dramatic fashion when the aircraft was forced to make an emergency landing, prompting a full evacuation at Manchester Airport  on Monday morning. Aer Lingus flight EI030 , traveling from Barbados to Manchester, encountered what airline officials described as a "technical issue" during its journey, leading pilots to initiate emergency protocols upon arrival at the busy British airport.

Ghana stands at a crossroads of economic possibility, where bold government initiatives could unlock unprecedented growth and employment—or where familiar challenges could derail progress once again. According to global professional services giant Deloitte , the path forward hinges critically on two flagship programmes that have dominated national economic conversations. In its latest West Africa in Focus report , Deloitte  declares that the government's 24-hour Economy Progr

Ghana has quietly become a cryptocurrency powerhouse in West Africa, with digital asset transactions surging past $10 billion by November 2025—a staggering figure that forced the government to abandon plans for an outright ban and instead create Africa's most comprehensive crypto regulation framework. The eye-opening data, revealed by the Securities and Exchange Commission (SEC) , shows that Ghanaians have embraced cryptocurrencies at a pace that caught even regulators by sur

The Ghana cedi is closing out 2025 with its most impressive year-end performance in 10 years, defying decades of seasonal depreciation patterns and offering businesses and consumers rare relief from the currency volatility that has plagued the nation's economy. For the first time in recent memory, Ghana's currency has strengthened rather than weakened during the final quarter—a period traditionally marked by what traders call the "forex squeeze" as importers scramble for doll

A crippling labour dispute at Ghana's busiest seaport could force importers to abandon Tema Port for Togo's Lomé, potentially opening floodgates for smuggling and costing the government millions in lost revenue, the country's food and beverage industry has warned. The Food and Beverages Association of Ghana (FABAG)  issued an urgent alert Sunday, revealing that a strike by unskilled port workers has slashed cargo offloading capacity by a staggering 90% —from the normal 2,000

Ghana's fight against illegal mining is failing because authorities are simply sending foreign offenders home instead of prosecuting them—allowing the same criminals to return and resume destroying the country's rivers and forests, a leading anti-galamsey activist has charged. Ing. Kenneth Ashigbey , convenor of the Media Coalition Against Galamsey , delivered a scathing assessment of government policy Monday, questioning why the Interior Minister's deportation strategy conti

What happens when the land above belongs to environmental conservationists but the riches buried beneath belong to mining companies? Montana is finding out the hard way. A massive land conservation project designed to protect 85,911 acres  of pristine wilderness near Montana's Thompson chain of lakes has ignited a fierce legal battle that pits environmental preservation against mineral extraction rights—a conflict with implications that reach far beyond America's northwestern