On behalf of President John Dramani Mahama, Finance Minister Cassiel Ato Forson has laid before Parliament the Value for Money Office Bill, 2026, a landmark proposal aimed at tackling inefficiencies in Ghana’s public spending. The Bill seeks to confront long-standing challenges such as inflated contracts, abandoned projects, cost overruns, and waste in the use of...
Category: Business
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GRIDCo Engineers Race to Restore Power After Tema Outage
Parts of Tema were plunged into darkness late Monday night after a fault occurred on a feeder at the Smelter-2 Substation. The Ghana Grid Company Limited (GRIDCo) confirmed that the incident happened at 10:58 p.m. on February 23, disrupting electricity supply to several customers in the industrial city. In a statement issued Tuesday, GRIDCo explained...
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Ghana, Japan Sign US$20m Grant to Boost Health Delivery
Ghana and Japan have signed a US$20 million grant facility aimed at improving health delivery in selected hospitals across the Northern Region. The agreement was formalized at the Ministry of Foreign Affairs, where Ghana’s Foreign Affairs Minister Samuel Okudzeto Ablakwa and Japanese Ambassador to Ghana, H.E. Hiroshi Yoshimoto, signed the exchange of notes. The grant...
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Bank of Ghana Reaffirms Commitment to Stability and Growth
The Bank of Ghana has reiterated its commitment to consolidating macroeconomic gains and strengthening long-term resilience during a high-level engagement with the UK-Ghana Chamber of Commerce at Bank Square. In his opening remarks, Governor Johnson Pandit Asiama highlighted the progress achieved through disciplined monetary policy and regulatory reforms, noting that these measures have contributed to...
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“Macroeconomic Stability Restored” – Finance Ministry Reports Robust 2025 Gains
The Ministry of Finance has announced that Ghana recorded one of its most significant economic turnarounds in history during 2025, with fiscal discipline and structural reforms driving broad-based improvements across key indicators. In a press release issued on Monday, February 23, 2026, the Ministry highlighted that the overall fiscal balance on commitment basis recorded a...
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“We Will Not Allow Customs Regime to Be Exploited” – Finance Minister Warns
Finance Minister Cassiel Ato Forson has directed the Ghana Revenue Authority (GRA) to undertake comprehensive investigations following the interception of eighteen articulated trucks suspected to be involved in a transit diversion scheme. On Wednesday night, the Customs Division of the GRA intercepted the trucks, which had been declared as goods in transit to Niger. Intelligence...
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Mahama Commissions B5 Plus Steel Plant, Hails Boost to 24-Hour Economy
President John Dramani Mahama has officially commissioned a state-of-the-art Steel Ball Mill and Section Mill Manufacturing Plant by B5 Plus Group, describing the investment as a bold step in Ghana’s industrial transformation and a significant boost to the government’s 24-Hour Economy agenda. The new facility, unveiled on Friday, February 20, is set to substantially enhance...
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Ghana Tops Global Mobile Money Regulatory Index Again
Ghana has once again been ranked the world’s leading country in mobile money regulation, retaining the top spot in the GSMA’s 2025 Mobile Money Regulatory Index (MMRI). According to the Bank of Ghana, the country achieved an overall score of 96.10 percent, improving on last year’s 95.06 percent. The MMRI, compiled by the Global System...
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A Partnership, Not Merely a Forum – Deputy Trade Minister Reaffirms Commitment to Textile and Garment Sector
The Deputy Minister for Trade, Agribusiness and Industry, Hon. Sampson Ahi, has reaffirmed Government’s commitment to tackling trade facilitation bottlenecks affecting Ghana’s textile and garment industry, describing the sector as a strategic pillar of the country’s industrialization and export diversification agenda. Speaking at the Public-Private Dialogue on Textile and Garment Trade Facilitation Challenges, Hon. Ahi...
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“The Time to Invest is Now” – Deputy Minister Urges Private Sector to Back Tree Crops
The Deputy Minister for Trade, Agribusiness and Industry, Hon. Sampson Ahi, has called on investors to scale up private sector participation in Ghana’s tree crop industry, describing it as one of Africa’s most compelling agribusiness opportunities. Speaking at the maiden Ghana Tree Crops Investment Summit & Exhibition (GTCIS–2026), Hon. Ahi emphasized that the sector is...