Business

World Bank Flags Ghana’s Jobs Crisis Amid Economic Gains

Roger A. Agana August 14, 2025 World Bank Ghana faces a critical jobs deficit despite solid economic growth, according to the World Bank’s Ninth Ghana Economic Update launched today in Accra. The report, presented at the Movenpick Ambassador Hotel, highlights a troubling disconnect: while GDP expanded by 5.7% in 2024 and maintained 5.3% growth early this year, job creation lags ...

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Bank of Ghana Defends Gold for Oil Scheme Despite Heavy Losses

 News Ghana August 10, 2025 Gold and Oil Ghana’s central bank is standing by its controversial Gold for Oil (G4O) programme, portraying it as a vital economic lifeline despite racking up losses of GH¢2.14 billion. First Deputy Governor Dr. Zakari Mumuni offered a robust defence at London’s C’NVERGE 2025 conference, calling the initiative a crucial tool that secured affordable fuel, ...

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Bonteso Assemblyman in custody over armed confrontation with anti-galamsey team

Crime & Punishment of Thursday, 14 August 2025 Source: www.ghanaweb.com   Police say the suspects will be transported to Accra for further investigation and prosecution A routine anti-illegal mining patrol turned violent on Wednesday August 13, 2025, when members of the Inspector General of Police’s Special Anti-Galamsey Task Force clashed with armed locals at Bonteso, leading to the arrest of an ...

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Bank of Ghana approves credit scoring to strengthen Ghana’s financial sector

Business News of Thursday, 14 August 2025 Disclaimer Source: GNA Bank of Ghana Headquarters The Bank of Ghana has given its approval for credit bureaus to begin implementing credit scoring in the country, a move aimed at enhancing responsible lending and strengthening the national credit infrastructure. This development follows significant improvements in Ghana’s credit reporting system, including the availability of high-quality ...

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MTN Ghana to temporarily suspend MoMo services on August 17

Business News of Thursday, 14 August 2025 Source: www.ghanaweb.com MoMo-related transactions will be affected from 12:00 a.m. to 6:00 a.m on Sunday Telecommunications giant, MTN Ghana, has announced a temporary suspension of its Mobile Money (MoMo) services in the early hours of Sunday, August 17, 2025. The six-hour downtime, scheduled from 12:00 a.m. to 6:00 a.m., will affect all MoMo-related transactions. ...

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Gold-for-Oil was not barter, only cash was paid – Dr Ato Forson clarifies

Business News of Friday, 25 July 2025 Source: www.ghanaweb.com The Gold-for-Oil program recorded massive losses and has been cancelled by the NDC government The Minister for Finance, Dr Cassiel Ato Forson, has clarified that the Gold-for-Oil programme introduced by the NPP government was not a barter arrangement. Rather, he explained, the government paid cash for the oil it purchased. According to him, ...

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Gold for Oil incurred losses worth GH¢2.14 billion despite positive impact on FX – BoG confirms

Business News of Sunday, 27 July 2025 Source: www.ghanaweb.com Government has discontinued the gold for oil programme The Bank of Ghana has confirmed that a total loss of GH¢2.14 billion was incurred under the Gold for Oil (G4O) programme in 2023 and 2024. According to a myjoyonline.com report, this was contained in a formal response to a request for information filed ...

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Ghana’s total public debt overstated by GH¢138.90 billion in 2024 – Auditor General

Business News of Tuesday, 22 July 2025 Source: www.ghanaweb.com Ghana’s actual public debt stood at GH¢737 billion in 2024 The Auditor-General’s report has revealed that Ghana’s public debt was overstated by GH¢138.90 billion in 2024. According to the report, the country’s total public debt was recorded as GH¢876 billion; however, an audit by the Auditor-General (A-G) found that the actual figure ...

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BoG directs shipping lines to publish daily exchange rates aligned with banks from July 22

Business News of Tuesday, 22 July 2025 Source: www.ghanaweb.com Guidelines for shipping lines come into effect on July 22, 2025 The Bank of Ghana (BoG) has directed all shipping lines operating in the country to publish their daily exchange rates, effective Tuesday, July 22, 2025. The rates must align with those of commercial banks, as part of broader efforts to standardise foreign exchange ...

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Attorney General drops case against Dr Duffour and 7 others over uniBank collapse

Business News of Tuesday, 22 July 2025 Source: www.ghanaweb.com Dr Kwabena Duffour is the founder of defunt uniBank The Attorney General and Minister of Justice (AG), Dr Dominc Ayine has entered a nolle prosequi in the high-profile criminal case involving former finance minister Dr Kwabena Duffour and seven others, who were facing charges in connection with the collapse of defunct uniBank. The decision, ...

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