Governor of the Bank of Ghana, Dr. Johnson P. Asiama, on Tuesday, 6 January 2026, outlined the Bank’s strategic achievements during the 77th Annual New Year School and Conference hosted by the University of Ghana. Reflecting on the past year, Dr. Asiama noted that the Bank’s primary role in 2025 was to restore monetary and...
Category: Business
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World Bank Report Highlights Ghana’s Rising Reliance on Domestic Borrowing
Ghana has leaned increasingly on domestic borrowing over the past decade to finance its budget and ease debt pressures, reflecting a wider trend among low-income countries, according to the International Debt Report 2025. The report shows that public domestic debt has climbed steadily in nations under the Low Income Country Debt Sustainability Framework, as governments...
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Government Settles US$709m Eurobond, Strengthens Investor Confidence
The Government of Ghana has successfully settled a Eurobond obligation of US$709 million on December 30, 2025, ahead of schedule, in what officials describe as a major step in the country’s economic recovery and debt management programme. The Ministry of Finance confirmed that the payment forms part of the restructuring memorandum agreed with bondholders, bringing...
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Labour dispute at Tema Port threatens cargo diversion, smuggling risks – FABAG
The Food and Beverages Association of Ghana (FABAG) has warned that persistent delays in clearing bulk and bagged goods at the Tema Port could compel importers to reroute cargo to Lomé, heightening risks of smuggling and revenue losses. In a statement dated December 29, the Association said the disruption is already straining supply chains and...
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Ministry Reassures PUWU: ECG Ownership Remains Public
The Ministry of Energy and Green Transition has moved to clarify its position on the involvement of the private sector in the operations of the Electricity Company of Ghana (ECG), following protests by the Public Utilities Workers’ Union (PUWU). In a statement issued Tuesday, the Ministry confirmed that Cabinet, under President John Dramani Mahama, approved...
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Fokuo: Sammy Gyamfi’s response to GoldBod $214m loss unfortunate
Member of Parliament for Manso Nkwanta, Tweneboa Kodua Fokuo, has described the response by the Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, to the reported $214 million loss under the Gold-for-Reserves programme as “unfortunate.” The statement follows Mr. Gyamfi’s preliminary response to claims made by the Minority in Parliament regarding the Bank...
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GoldBod CEO Sammy Gyamfi Rebuts Minority’s Claims on BoG Gold Losses
Chief Executive Officer of GoldBod, Sammy Gyamfi, has dismissed accusations from the Minority Caucus regarding losses under the Bank of Ghana’s Gold for Reserves (G4R) program, insisting that the initiative is a forex-generation policy rather than a profit-making venture. In a Facebook post, Gyamfi rejected suggestions that he was “equalizing” past losses under the New...
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GoldBod CEO Sammy Gyamfi Defends BoG Over Gold for Reserves Losses
Chief Executive Officer of GoldBod, Sammy Gyamfi, has announced that he will formally respond on January 5, 2026 to issues surrounding the International Monetary Fund’s (IMF) reported loss of $214 million under the Bank of Ghana’s Gold for Reserves (G4R) program. In a Facebook post, Gyamfi criticized the Minority Caucus for what he described as...
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Non-payment, illegal connections hurting Ghana Water’s operations – GWL warns
The Ghana Water Limited (GWL) has raised alarm over persistent challenges that continue to undermine reliable water supply across the country, pointing to poor revenue mobilisation and widespread illegal connections as major setbacks. According to the company, many consumers have failed to pay their water bills, while water theft through illegal connections is depriving GWL...
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TOR says structures in place to prevent another shutdown
The Tema Oil Refinery (TOR) has assured Ghanaians and industry experts that firm structures have been put in place to guarantee a steady supply of crude oil, addressing one of the key challenges that previously stalled the refinery’s operations. Speaking on JoyNews, Corporate Affairs Officer of TOR, Godwin Mahama, said structured Memoranda of Understanding (MOUs)...