Ghana’s banking industry has recorded a sharp expansion in total assets, rising by 30.7 percent in June 2026. The growth, according to the Bank of Ghana, was largely driven by increased deposits and strengthened shareholders’ funds. Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, disclosed the figures at the Heads of Banks Meeting in Accra, noting that the asset growth reflects renewed confidence in the sector and improved capitalization. “The banking sector continues to demonstrate resilience, with deposits and equity injections providing the backbone for expansion,” he said. The surge in assets comes on the back of recent...
NHIA Begins Partial Rollout of Revised Service Tariffs
The National Health Insurance Authority (NHIA) has commenced the partial implementation of revised service tariffs for credentialed healthcare providers, beginning with a 50 percent increase in current tariffs. The phased rollout started in August and is expected to reach full implementation by October 2026. Chief Executive of the NHIA, Dr. Victor Asare Bampoe, explained that the decision to start with a partial increase was informed by evidence of significant claims leakages. He revealed that not less than 15 percent of claims currently paid may be ineligible, representing potential annual losses of about GH¢400 million. Without corrective measures, he warned, the...
Bank of Ghana Slashes Policy Rate to 14 Percent
The Bank of Ghana has cut its benchmark interest rate from 27 percent to 14 percent, marking one of the sharpest reductions in recent years. The move is expected to ease borrowing costs across the economy, making loans more affordable for households and businesses. The Ministry of Finance explained that the rate cut will influence what commercial banks charge their customers, with cheaper credit likely to stimulate investment, consumption, and overall economic activity. “When this rate drops, loans get cheaper for everyone else,” the Ministry noted in its announcement. Analysts say the reduction reflects improved macroeconomic stability, including stronger solvency...
NHIA Releases GH¢35.1m for Free Primary Healthcare
The National Health Insurance Authority (NHIA) has disbursed GH¢35,099,215.84 as first‑quarter payment to 107 districts implementing Ghana’s flagship Free Primary Healthcare (FPHC) programme. Launched on April 15, 2026 at Dodowa by President John Dramani Mahama, the initiative represents a major expansion of community‑level health financing. Unlike the National Health Insurance Scheme (NHIS), which reimburses providers per service, the FPHC operates on a population‑based model, allocating resources according to district population size. This gives districts predictable, upfront funding to plan and deliver preventive care consistently. Preventive and Promotive Care The FPHC delivers services at CHPS compounds, health posts, centres, and polyclinics,...
NACOC DG Debunks Cannabis Myths, Warns Youth of Cognitive Risks
The Director-General of the Narcotics Control Commission (NACOC), Major General Maxwell Obuba Mantey, has cautioned Ghanaian youth against misconceptions surrounding cannabis use, stressing that its plant-based origin does not make it harmless. Speaking at the National Youth Conference held at the Great Hall of the Kwame Nkrumah University of Science and Technology (KNUST), Major Gen. Mantey warned that cannabis consumption can impair critical brain functions, including memory, judgment, and decision-making. “The fact that cannabis is a plant does not mean that it cannot affect you. It affects the brain, your memory and your ability to make sound decisions,” he stated....
NPP Fixes October 3 for National Executive Elections; Nominations Open August 17
The New Patriotic Party (NPP) has scheduled October 3, 2026, for the election of its National Executives, with the process for opening and closing of nominations set to run from August 17 to 22, this year. This is contained in an update issued by the Party’s National Elections Committee to all stakeholders, dated August 11, 2026, and signed by the Chairman of the Committee, Mr Frederick Opare-Ansah. The update, made pursuant to Article 10 (2) of the Party’s Constitution, as amended, and other relevant provisions of the Constitution, rules and regulations governing National Executive Elections, outlined the full roadmap towards...
Ghana Fully Funds Evacuation of Nationals from South Africa
The Ministry of Foreign Affairs has clarified that the Government of Ghana fully financed the evacuation of its nationals from South Africa following recent xenophobic attacks, dismissing claims that South Africa requested reimbursement. In a statement issued in Accra, the Ministry emphasized that Ghana did not seek financial or material support from South Africa. It confirmed that more than 1,600 Ghanaians have been evacuated since May 2026, with evacuees receiving reintegration funds and relief items upon arrival in Ghana. The Ministry underscored that the evacuation was entirely Ghanaian‑funded, reflecting government’s commitment to protecting citizens abroad during crises. It expressed gratitude...
Bank of Ghana Governor Highlights Economic Resilience, Urges Diaspora Investment
The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has reaffirmed the resilience of Ghana’s economy, citing strong growth and easing inflation, while urging banks to expand financial products that harness diaspora remittances for investment. Speaking at a meeting with Heads of Banks at Bank Square, Dr. Asiama reported that Ghana’s economy recorded real GDP growth of 6.4 per cent in the first quarter of 2026, driven mainly by the services and industry sectors. He added that headline inflation fell to 4.6 per cent in July, down from 5.3 per cent in June, supported by slower food inflation...
NPA Delegation Commiserates with Family of Late Deputy Chief
A delegation from the Board, Management, and staff of the National Petroleum Authority (NPA) has visited the family of the late Deputy Chief Executive, Dr. Dramani Bukari, to commiserate with them following his passing. The team, led by NPA Chief Executive Mr. Godwin Kudzo Tameklo, Esq., expressed condolences to Dr. Bukari’s wife, children, and extended family. The solemn ceremony was marked by prayers for the repose of Dr. Bukari’s soul and Allah’s protection for his family. Mr. Tameklo assured the bereaved family of the Authority’s readiness to support them in giving Dr. Bukari a befitting burial. He described the late...
IGP Promotes Four Officers for Exceptional Role in Upper West Robbery Crackdown
The Inspector‑General of Police (IGP), Mr. Christian Tetteh Yohuno, has promoted four personnel of the Ghana Police Service in recognition of their outstanding performance during an intelligence‑led operation that dismantled a notorious armed robbery syndicate in the Upper West Region. The officers promoted to their next ranks are General Corporal Mortsi Kwashie Divine, Detective Corporal Salifu Ishmael Aketisiwin, General Lance Corporal Ernest Ameyaw Akumfi, and General Lance Corporal John Bekaar Vitus. Their promotions follow a coordinated operation by the Upper West Regional Police Command, which led to the arrest of six suspects linked to a series of violent robberies in...