Ghana Business News

Follow the latest Ghana business and economy news: the cedi, inflation, companies, banking, and trade. Coverage is curated from Ghana's leading newsrooms and kept current through the day, newest first.

Ghana Market Update: Cedi Strengthens Ahead of CanCham Summit as Bezos Consortium Secures Major Stake in Liverpool
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Ghana Market Update: Cedi Strengthens Ahead of CanCham Summit as Bezos Consortium Secures Major Stake in Liverpool

Ghana's business landscape is witnessing a period of strategic shifts as the Cedi shows signs of resilience and industry leaders prepare for high-level investment dialogues. As of August 15, 2026, the Ghanaian Cedi has recorded a notable appreciation against the US dollar, with the Bank of Ghana reporting an interbank selling rate of GHS 10.96 and a buying rate of GHS 10.94. At private forex bureaus, the currency is trading at an average selling rate of GHS 12.30. This currency stability comes at a crucial time as the National Petroleum Authority and energy analysts project a mixed outlook for fuel prices beginning August 16. While diesel consumers face a projected 1.39% increase due to rising international crude prices—currently averaging $90.41 per barrel amid geopolitical tensions—motorists using petrol and households relying on LPG are expected to see price reductions of 2.90% and 0.93%, respectively. Amidst these fluctuating market conditions, the Canada Ghana Chamber of Commerce (CanCham) is set to host its landmark CEOs’ Connect 2026 on August 20. Celebrating its 10th anniversary, the event will gather top capital market and trade leaders to discuss structured financing and investment opportunities in Ghana. The summit aims to address the critical need for capital strategies that support cross-border expansion, providing a platform for local businesses to connect with international investors. This focus on structured growth is seen as a vital step in driving economic development under the administration of President John Mahama, as businesses seek to leverage a more stable exchange rate for long-term planning. On the international front, the landscape of global sports business has been reshaped by a significant investment deal involving one of the world’s most prominent football clubs. A consortium led by British-Indian businessman Amit Bhatia and Amazon founder Jeff Bezos has acquired a 30% minority stake in Liverpool FC from Fenway Sports Group (FSG). The deal, valued between £5 billion and £6 billion, marks a massive return on investment for FSG, which originally purchased the club for £300 million in 2010. While the acquisition aims to bolster Liverpool’s long-term financial growth and infrastructure without altering its core transfer strategy, it has also sparked discussions among supporters regarding corporate workplace practices and the evolving nature of multi-billion-dollar sports franchises. These domestic and international developments highlight a broader trend of capital movement and market adjustment. For Ghanaian businesses, the combination of a stabilizing Cedi and the upcoming CanCham summit offers a window of opportunity to secure the financing necessary for expansion. As global icons like Bezos continue to diversify their portfolios into sports, the local focus remains on how these massive infusions of capital and shifting energy costs will influence broader market dynamics. For the average Ghanaian consumer, the immediate impact will likely be felt at the fuel pumps, where the interplay of global crude costs and local currency strength continues to dictate the cost of living.

Kwesi Afreh Biney (in smock) Director-General of SSNIT, cutting a ribbon at the unveiling of new haulage fleet for the Trust Logistics Limited at Tema. With him is Maxwell Ziyerley Agbambilla (3rd from right), Managing Director, Trust Logistics Limited, and Felix Nyarko-Pong ( right), Board Chairman, Trust Logistics Limited
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President Mahama Drives Industrial Expansion as Ghana’s Retail Market Surges by 15.6% in 2026

Ghana’s economy is demonstrating robust resilience in the first half of 2026, characterized by a booming retail sector and aggressive new industrialization policies. According to a retail audit by Maverick Research, Ghana's retail market saw a significant 15.6% increase in value and an 8.9% rise in volume during the first six months of the year, significantly outperforming regional peers like Côte d’Ivoire and Cameroon. This growth is being driven by a consumer-led recovery facilitated by easing inflation, a stabilizing cedi, and improved purchasing power. Notably, average prices for essential items such as edible oil and pasta have declined, further enhancing affordability for the average Ghanaian household. To sustain this economic momentum, President John Mahama has announced a comprehensive five-year initiative to expand the nation’s pharmaceutical manufacturing capacity. This strategic plan is designed to reduce Ghana's heavy reliance on imported medicines and transform the country into a self-sufficient producer and exporter for the West African sub-region. Supporting this vision, a high-level delegation of German and Swiss companies—including Kyoobe Tech GmbH, Pruess GmbH, Groninger & Co. GmbH, and SKAN AG—recently visited Ghana. Under the €33 million PharmaVax Ghana Programme, co-financed by the European Union and Germany’s BMZ, these firms are working to facilitate technical partnerships and provide local manufacturers with advanced European technology and equipment. The drive toward economic self-reliance is also extending to state-related operations and local governance through improved logistics and fiscal discipline. The Social Security and National Insurance Trust (SSNIT) has signaled a new era of corporate accountability, with Director-General Kwesi Afreh Biney calling on subsidiaries to embrace innovation and become financially self-sustaining. Speaking at the unveiling of a new vehicle fleet for Trust Logistics Limited (TLL), Biney emphasized that SSNIT will no longer provide routine bailouts to underperforming subsidiaries, stressing the need to protect the interests of over 2.1 million members. Similarly, the Ho Municipal Assembly has utilized its Internally Generated Funds to procure new Mitsubishi L200 pickups to enhance revenue mobilization and administrative efficiency. As Ghana moves through the latter half of 2026, the focus remains on scaling these successes and maintaining the recovery. Market analysts suggest that the primary growth opportunities lie in distribution expansion rather than price hikes, urging brands to capitalize on the increasing purchasing power in both urban and cocoa-producing regions. By combining macro-level retail strength with targeted industrial partnerships in the pharmaceutical sector and a renewed focus on operational efficiency in state-owned enterprises, the government aims to cement a sustainable path for long-term economic growth.

Ekua Zara Ghartey-Tsagli (2nd from right), Head of Marketing, Labadi Beach Hotel, and Lt Mohammed Bisbao Said (3rd from right), Assistant Director of Religious Affairs at the Ghana Navy Headquarters, with staff of the hotel and some worshippers at the Al Aziz Central Mosque
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KFC, Mövenpick, and Labadi Beach Hotel Mark Major Anniversaries with Nationwide Promotions and Community Outreach

Several major businesses in Ghana, including KFC, Mövenpick Ambassador Hotel, and Labadi Beach Hotel, are marking significant milestones this week with a mix of aggressive price promotions and corporate social responsibility (CSR) initiatives. These celebrations have highlighted the high demand for affordable dining and premium hospitality in the current economic landscape under President John Mahama’s administration. While some events focused on community engagement, others sparked nationwide frenzies, illustrating the diverse strategies brands use to connect with the Ghanaian public. KFC Ghana’s 15th-anniversary promotion on August 15, 2025, became a focal point of public attention as a GH¢15 meal deal triggered massive crowds at branches across the country. Customers began queuing as early as 7:00 AM, leading to chaotic scenes that required security intervention at several locations. In Ashaiman, the surge of patrons resulted in physical damage to a glass door, while viral videos showed security personnel attempting to manage long lines. The overwhelming response underscores the significant impact of deep-discount marketing in the fast-food sector and the public's eagerness for value-driven offers. Simultaneously, the Mövenpick Ambassador Hotel Accra is celebrating its own 15-year milestone with a more community-centric approach. General Manager Isaac Okpoti Adjei announced a renewed commitment to tailoring hospitality experiences to local needs while maintaining international standards. The hotel’s celebrations include special promotions for groups of 15 and a focus on employee empowerment. Mr. Adjei emphasized that this anniversary serves as a vision for the future, aiming to integrate Ghanaian culture more deeply into their luxury service model while strengthening connections with the local community. In the same vein of corporate gratitude, the Labadi Beach Hotel is marking 35 years of operation with a community feast at the Al Aziz Central Mosque in Burma Camp. Led by Ekua Zara Ghartey-Tsagli, the initiative serves as a gesture of appreciation toward the Ghana Armed Forces and local residents. Other scheduled activities include clean-up exercises and courtesy visits to traditional councils, demonstrating a commitment to social bonds alongside commercial success. Lieutenant Mohammed Bisbao Said of the Ghana Navy commended the hotel for these efforts, noting the importance of such partnerships. These anniversary activities reflect a broader trend in Ghana’s business sector where established brands are navigating the balance between market penetration and social relevance. Whether through the mass-market appeal of KFC’s price cuts or the community-focused CSR of the hospitality giants, these milestones highlight the enduring presence of these institutions in the national economy. As these companies look toward their next decades of operation, their ability to adapt to local consumer behavior and community expectations remains a critical factor for sustained growth.

Alhaji Ali Ibrahim, Founder and CEO of Rabotec Group
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Ghana Government Secures 30% Gold Purchase Agreement with Chamber of Mines to Bolster National Reserves

In a strategic move to stabilize the national economy, the Government of Ghana has signed a Memorandum of Understanding (MoU) with the Ghana Chamber of Mines to purchase 30% of gold output from large-scale mining companies. The agreement, executed on August 13, 2026, falls under the Ghana Accelerated National Reserve Accumulation Programme (GANRAP). Finance Minister Dr. Cassiel Ato Forson emphasized that this Parliamentary-approved deal enables the Bank of Ghana (BoG) and the Ghana Gold Board (GoldBod) to procure and process gold locally, fostering economic resilience and currency stability. The Ghana Chamber of Mines expressed its support for the initiative while advocating for future incentives to further enhance local refining capabilities. Addressing recent financial concerns, Professor Ebo Turkson of the University of Ghana clarified that GoldBod has not incurred a rumored GH‑1.7 billion loss. He explained that the reported figure actually pertains to costs associated with the Bank of Ghana's Domestic Gold Purchase Programme as noted by the IMF, rather than operational failures at GoldBod. Prof. Turkson highlighted that the gold accumulation strategy has significantly contributed to reducing the debt-to-GDP ratio and curbing inflation. Amidst these state-led efforts, the private sector is also expanding; Rabotec Group, a prominent indigenous mining operator, has announced plans to establish its first wholly-owned gold mine within five years, leveraging a West African portfolio valued at up to $1.8 billion. Significant developments are also unfolding in the energy sector as Sai Bioenergy Ghana Private Limited, in partnership with the 24-Hour Economy and Accelerated Export Development Secretariat, prepares to launch a 1,500-megawatt solar photovoltaic project in the Savannah Region. This massive renewable energy initiative at Buipe will include a 250-megawatt-hour battery storage system and extensive agricultural plantations. The project aims to diversify Ghana's energy mix and support the industrialization agenda, with development scheduled to proceed in three distinct phases starting with the storage infrastructure. However, infrastructure challenges remain a priority for the Ministry of Energy and Green Transition. GRIDCo has scheduled an emergency power interruption for parts of the Greater Accra Region on Sunday, August 16, 2026, to replace a transmission tower on the Tema–Achimota line that was severely damaged by a fuel tanker explosion. In response to such hazards, the National Petroleum Authority (NPA) has issued a stern warning against the criminal siphoning of fuel at accident scenes. Furthermore, Energy Minister Dr. John Abdulai Jinapor has directed the immediate cessation of unauthorized activities within transmission corridors, warning that structures encroaching on these vital rights-of-way will be forcibly removed following a one-month grace period.

Ghana’s Agricultural Sector Growth Slows to 3.6% as Experts Call for Strategic Reforms and Industrialization
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Ghana’s Agricultural Sector Growth Slows to 3.6% as Experts Call for Strategic Reforms and Industrialization

Ghana’s agricultural sector recorded a significant growth slowdown in May 2026, dropping to 3.6% compared to the 9.8% registered during the same period in 2025. According to the Ghana Statistical Service (GSS), this 6.2 percentage-point decline represents the largest contraction in growth momentum among the nation’s major economic sectors. Despite the deceleration, the GSS noted that overall agricultural activity remains higher than previous years, with the agricultural index rising from 114.6 to 118.7 year-on-year, driven primarily by the crops and livestock subsectors. This data, released through the Monthly Indicator of Economic Growth (MIEG), serves as a preliminary look into the nation’s economic health ahead of official quarterly GDP statistics. The GSS attributed this slowdown largely to seasonal factors and the high growth benchmarks set in 2025. However, the Service warned that if this trend of weakening growth persists, it could have serious implications for food prices, rural incomes, and the country’s export performance. In response to these figures, stakeholders are emphasizing the need for enhanced productivity through improved access to inputs, mechanization, and irrigation infrastructure to stabilize the sector. Reinforcing the call for structural change, Rev. Albert Ocran, co-founder of the Springboard Roadshow Foundation, recently emphasized that while agriculture remains Ghana’s largest employer, it has failed to rank among the top-growing industries. Speaking at the Impact Leaders Breakfast in Accra, Rev. Ocran urged the government and private sector to unlock value chain opportunities and integrate ICT and logistics into agribusiness. He argued that urgent reforms are necessary for Ghana to remain competitive across the African continent and to ensure the sector provides sustainable livelihoods for the youth. The broader conversation on economic self-sufficiency also extends to the industrial sector, where Professor Robert Ebo Hinson has called for a strategic shift in the automobile industry. Professor Hinson advocated for moving away from the importation of vehicles toward full-scale local assembly and manufacturing. Proponents of this shift argue that localized production will not only bolster the economy but also foster significant job creation. Together, these developments highlight a critical juncture for Ghana’s economy under the current administration, where balancing agricultural productivity with industrial innovation is seen as the key to long-term stability and growth.

MTN Ghana Announces $1.1 Billion Investment to Expand Network Infrastructure and Connectivity in Northern Regions
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MTN Ghana Announces $1.1 Billion Investment to Expand Network Infrastructure and Connectivity in Northern Regions

MTN Ghana has unveiled a major $1.1 billion infrastructure investment plan aimed at significantly expanding its network coverage and improving service quality across the country. A core component of this strategy involves the construction of 80 new network sites across the five regions of northern Ghana, a move that coincides with the telecommunication giant’s 30th anniversary in the Ghanaian market. This announcement comes on the heels of robust financial performance, with the company reporting a 32.3% revenue surge to 15 billion cedis and a 46.8% increase in profit after tax to 5.1 billion cedis during the first half of 2026. Senior Manager Emmanuel Kwei Afutu detailed that out of the $1.1 billion total investment, approximately $380 million has been specifically allocated for network expansion in 2026 alone. The company aims to add a total of 500 new sites nationwide by the end of that year. The 80 sites designated for the northern sector will be strategically distributed to bridge the digital divide: 38 in the Northern Region, 17 in the Savannah Region, 14 in the Upper East Region, 11 in the North East Region, and one in the Upper West Region. This targeted rollout is designed to cater to the growing demand for digital services and improve connectivity for rural and underserved communities. Beyond infrastructure, the expansion is expected to have a profound socio-economic impact by facilitating market access for farmers, enabling online learning for students, and enhancing public safety through reliable communication channels. Mr. Afutu emphasized that the initiative aims to connect individuals to diverse opportunities, addressing persistent challenges such as digital literacy and affordability. To complement the technical rollout, MTN is also investing in human capital through the MTN Skills Academy and various local community projects. These efforts are further supported by the MTN Ghana Foundation, which continues to drive corporate social responsibility through health and sanitation initiatives, including hygiene projects in schools. As the company navigates the evolving telecommunications landscape under the current administration of President John Mahama, the emphasis remains on collaboration with governmental and community partners. By integrating infrastructure development with skills training, MTN Ghana seeks to ensure that the benefits of the digital economy are accessible to all citizens, regardless of their geographic location.

Deputy Finance Minister Outlines Shift Toward Private Sector Growth Amid Rising Business Confidence
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Deputy Finance Minister Outlines Shift Toward Private Sector Growth Amid Rising Business Confidence

The Deputy Minister of Finance, Thomas Nyarko Ampem, has announced a strategic shift in the government’s economic agenda, transitioning from a primary focus on macroeconomic stabilization to a direct emphasis on growth, investment, and job creation. Speaking at the Association of Ghana Industries (AGI) second-quarter Business Barometer survey in Accra, Ampem revealed that the President John Mahama administration intends to leverage the current period of stability to catalyze private sector production and expand export capabilities. This pivot is designed to ensure that recovery efforts translate into tangible benefits for Ghanaian workers and entrepreneurs, moving beyond high-level fiscal indicators to real-world industrial expansion. This policy shift comes at a time of cautious optimism within the business community. The latest AGI Business Barometer survey recorded a business confidence index of 108.7, indicating that Ghanaian firms are generally positive about the current economic direction despite persistent hurdles. However, Seth Twum Akwaboah, CEO of the AGI, has tempered expectations regarding some of the government’s more ambitious plans, such as the signature 24-Hour Economy policy. Speaking on the matter, Akwaboah cautioned that the policy requires a long-term vision and should be evaluated by its specific interventions rather than its title alone. He likened the initiative to a strategic industrial overhaul, noting that while the business community supports the concept, they are not expecting "overnight change." To facilitate this growth, the Ministry of Finance is prioritizing the strengthening of domestic supply chains and the enhancement of infrastructure. A key component of this strategy involves reducing the cost of doing business and enhancing access to finance, particularly for women-led enterprises which often face significant barriers to credit. The Deputy Minister emphasized that while fiscal discipline remains a priority, it will now serve as a foundation for targeted infrastructure development that supports local production. By focusing on these pillars, the government aims to create a more resilient economy that is less dependent on imports and more capable of competing on the global stage. Despite the positive outlook, significant structural challenges remain that could impede this growth-focused agenda. The AGI survey highlighted that the high cost of electricity and limited access to credit continue to be the primary concerns for businesses across various sectors. Addressing these utility costs is seen as critical for maintaining the competitiveness of Ghanaian products. As the government rolls out its next phase of recovery, the focus will increasingly be on how quickly these bottlenecks can be resolved to sustain the current momentum and fulfill the promise of a more robust, private sector-driven economy.

Nana Kwame Bediako Loses Bid to Block Enforcement of $14.9 Million English Court Judgment
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Nana Kwame Bediako Loses Bid to Block Enforcement of $14.9 Million English Court Judgment

An Accra High Court has dismissed an application filed by businessman and politician Nana Kwame Bediako, seeking to restrain Cola Holdings Limited from enforcing an English High Court judgment against him. The ruling, delivered by Justice Mrs. Awuah Dabanka-Bekoe, paves the way for the company to pursue the recovery of over $14.9 million. In addition to dismissing the injunction bid, the court awarded costs of GH¢20,000 against Bediako, marking a significant legal setback in his efforts to block the debt's collection within Ghana. The legal dispute originates from an English High Court judgment dated January 23, 2025, which mandated Bediako to pay the multi-million dollar sum to Cola Holdings. The financial obligation is tied to a Deed of Indemnity concerning a loan facility provided by the International Finance Corporation (IFC). Cola Holdings acted as a guarantor for the loan, and following a default, Bediako became liable under the indemnity agreement. To facilitate recovery, the foreign judgment was formally registered in the Ghanaian judicial system on May 20, 2025. This latest ruling follows a series of unsuccessful legal maneuvers by Bediako to contest the debt. He had previously applied to the High Court to set aside the registration of the English judgment, but that application was denied. The current request for an injunction was an attempt to halt enforcement actions by Cola Holdings while Bediako pursued an appeal against the earlier decision. However, the court's refusal to grant the injunction suggests that the enforcement process can proceed despite the pending appeal. The case underscores the rigorous application of commercial law and the enforcement of cross-border judicial decisions in Ghana. For Nana Kwame Bediako, the dismissal intensifies the pressure of a substantial $14.9 million liability. With the legal stay removed, Cola Holdings is now empowered to move forward with the execution of the judgment, which may involve the attachment of assets or other recovery mechanisms to satisfy the outstanding debt.

President Mahama Unveils $10 Billion ‘New Economy’ Plan Focused on Agriculture and Job Creation
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President Mahama Unveils $10 Billion ‘New Economy’ Plan Focused on Agriculture and Job Creation

President John Mahama has announced a massive $10 billion investment initiative dubbed the "New Economy," aimed at driving growth and creating jobs across Ghana over the next four years. Speaking during a citizen engagement in Bolgatanga as part of his tour of the Upper East Region, the President outlined a strategy to allocate $2.5 billion annually into seven strategic sectors. This ambitious program marks a pivotal shift from recent economic stabilization efforts to an aggressive growth phase intended to expand opportunities for the nation’s youth and significantly bolster domestic production. A central pillar of the "New Economy" policy is a significant commitment to agriculture and agro-processing, which is slated to receive 50 percent of the total investment—amounting to $5 billion. President Mahama emphasized that these funds would be used to enhance irrigation infrastructure and reduce the country’s reliance on imports. In the Upper East Region specifically, the government plans to spearhead a tomato revitalization project and rehabilitate the Pwalugu Tomato Processing Factory. By modernizing existing irrigation schemes and supporting local farmers, the administration aims to transform the agricultural sector into a primary engine for industrialization and food security. To ensure the success of this large-scale investment, the President underscored the necessity of strict fiscal discipline and enhanced revenue mobilization. He noted that the transition from stabilization to growth requires a strategic allocation of resources to productive sectors that offer the highest potential for sustainable development. By focusing on seven key areas, the government intends to create a multiplier effect that stimulates the broader economy while maintaining a stable macroeconomic environment. This approach is designed to attract further private sector participation and build a resilient economic foundation for the years ahead. The announcement has been met with high anticipation as the government prepares to roll out the specific components of the four-year plan. Beyond the immediate focus on agriculture, the "New Economy" initiative seeks to address infrastructural gaps and promote innovation across multiple industries. As the Mahama administration begins the implementation phase, the success of the program will likely be measured by its ability to generate meaningful employment for the youth and significantly increase the contribution of local production to Ghana’s Gross Domestic Product (GDP).

President John Mahama’s “Red Gold” Vision: TCDA and Ministry of Agriculture Launch 100,000-Hectare Oil Palm Expansion Plan
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President John Mahama’s “Red Gold” Vision: TCDA and Ministry of Agriculture Launch 100,000-Hectare Oil Palm Expansion Plan

The Tree Crops Development Authority (TCDA) and the Ministry of Food and Agriculture have announced a comprehensive strategy to achieve national self-sufficiency in palm oil production, aligning with President John Mahama’s vision for the sector. Speaking at the National Oil Palm Multi-Stakeholder Roundtable Forum in Accra, officials detailed plans to transform the industry, which is affectionately referred to as “Red Gold.” The initiative aims to close the significant production gap that currently leaves Ghana dependent on imports, despite the country’s vast agricultural potential. By formalizing the sector and enhancing domestic capacity, the government seeks to bolster economic resilience and create sustainable employment opportunities across the value chain. Central to this revival is the ambitious target of establishing 100,000 hectares of new oil palm plantations, which will augment the 360,000 hectares currently under cultivation. TCDA CEO Dr. Andy Osei Okrah emphasized that the authority is committed to implementing stronger regulatory frameworks and quality standards to make the Ghanaian market more competitive. Currently, Ghana’s share of global production lags behind leaders like Indonesia and Malaysia; however, Dr. Okrah believes that focused investment in plantation expansion and value-chain development can reverse this trend. The TCDA will also prioritize data management and fair trading practices to attract both domestic and international investors to the industry. Minister for Food and Agriculture, Eric Opoku, highlighted that the success of the initiative depends on shifting from high-level policy to measurable practice on the ground. He underscored that the government’s approach places smallholder farmers at the heart of the revival, ensuring they have access to improved planting materials, extension services, and robust market arrangements. Furthermore, the Minister stressed the importance of inclusivity, calling for the active integration of women and youth into palm oil enterprises. This social focus is intended to improve rural livelihoods and ensure that the wealth generated from “Red Gold” is distributed across diverse demographic groups. Beyond production targets, the government is emphasizing environmental responsibility and economic security. Minister Opoku warned that the current reliance on imported palm oil not only drains foreign exchange reserves but also creates avenues for smuggling, which undermines local producers. By fostering sustainable farming practices and strengthening the link between production and processing facilities, the government aims to create a self-reliant industry. This strategic pivot is expected to stabilize local prices, enhance food security, and position Ghana as a major exporter in the sub-region, fulfilling the long-term economic objectives of the Mahama administration.

Prosper Hoetu, Chief Executive Officer of NHF
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NHF Proposes Housing Development Levy on Building Materials to Boost Affordable Housing Financing

The National Homeownership Fund (NHF) has officially proposed the implementation of a housing development levy on selected building materials to establish a sustainable financing mechanism for affordable housing projects in Ghana. Speaking at the NHF’s Fourth Annual General Meeting in Accra, CEO Prosper Hoetu emphasized that the proposed levy is designed to address critical bottlenecks in the sector, including inadequate infrastructure and limited private-sector investment. By creating a dedicated and stable revenue stream, the government aims to enhance the accessibility of housing finance and accelerate the delivery of residential units across the country. Mr. Hoetu pointed to successful models in Kenya and Morocco as precedents, where similar levies have effectively mobilized significant monthly revenue to fund national housing initiatives. The funds generated in Ghana would be directed toward providing essential infrastructure—such as roads, water, and electricity—on land banks, which currently represents a major cost and risk for private developers. Additionally, the NHF intends to use this capital to support low-interest mortgages and expand the reach of its Rent-to-Own schemes. Notably, the Fund has already demonstrated financial growth, reporting a revenue of GH¢50.97 million and successfully revising its mortgage lending interest rate down to 8.4%. Supporting the initiative, Deputy Minister Gizella Akushika Tetteh-Agbotui highlighted the need for the housing sector to evolve beyond just financing. She called for the adoption of more resilient housing designs to combat the increasing threat of flooding and urged the expansion of mortgage products to cater to a wider variety of demographics. A representative from the Ministry of Finance further stressed the importance of creating larger, more robust financing structures that can attract substantial institutional investment into the local housing market, ensuring that the NHF’s efforts are matched by broader economic strategy. Looking ahead, the NHF is currently collaborating with relevant ministries and development partners, including the Shelter Afrique Development Bank, to conduct a rapid diagnostic assessment of the Ghanaian housing sector. The findings of this comprehensive study are expected to shape a new national strategy for housing investment. These results will be presented at the upcoming National Conference on Housing Finance scheduled for October, which will serve as a platform for stakeholders to finalize strategies for bridging the country’s housing deficit and improving homeownership rates for all Ghanaians.

Kwesi Afreh Biney (in smock) Director-General of SSNIT, cutting a ribbon at the unveiling of new haulage fleet for the Trust Logistics Limited at Tema. With him is Maxwell Ziyerley Agbambilla (3rd from right), Managing Director, Trust Logistics Limited, and Felix Nyarko-Pong ( right), Board Chairman, Trust Logistics Limited
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Ghana's Business Landscape: Historic 8.4% Mortgage Rates, SSNIT Sustainability Mandates, and Tourism Reform Calls

Ghana’s financial and real estate sectors have reached a significant milestone with the National Homeownership Fund (NHF) resuming lending under its National Mortgage Scheme at an 8.4% interest rate. Announced by CEO Prosper Hoetu during the NHF’s 4th Annual General Meeting in Accra, this represents the first single-digit cedi mortgage rate in over 30 years. The initiative, reviewed in partnership with Republic Bank, aims to drastically improve home financing accessibility for Ghanaian workers. This shift toward financial inclusivity is mirrored by a new directive from the Social Security and National Insurance Trust (SSNIT). Director-General Kwesi Afreh Biney has called on all subsidiaries, such as Trust Logistics Limited (TLL), to embrace innovation and become financially self-sufficient, warning that the Trust can no longer provide routine bailouts for poorly managed entities. In the corporate arena, excellence and social responsibility remain at the forefront of the national agenda. The 11th edition of the Corporate Ghana Hall of Fame recently honored distinguished leaders, including Mr. Kofi Amoako Attah, Founder of the SIM Group of Companies, for his contributions to the technology and tourism sectors. The ceremony, held under the theme "Enhance Government-Business Relationship to Grow the Economy," emphasized the importance of professional integrity. Simultaneously, the Labadi Beach Hotel marked its 35th anniversary with a community feast at the Al Aziz Central Mosque in Burma Camp, signaling a commitment to corporate social responsibility and strengthening ties with the Ghana Armed Forces. However, industry leaders are also highlighting critical hurdles to growth, particularly in the tourism sector. The Tour Operators Union of Ghana (TOUGHA), led by Madam Yvonne Donkor, has urged the government to review the $260 online visa fee, describing it as a deterrent to international visitors compared to more competitive regional rates. While welcoming initiatives like extended heritage site hours, TOUGHA maintains that high entry costs remain a barrier. This discussion on value and accessibility is echoed in the real estate sector by Architect Akua Birmeh, who advises prospective homeowners to prioritize location and proximity to essential amenities over house size to ensure long-term quality of life and reduced commuting costs. Looking toward future development, the Ghana Institute of Procurement and Supply (GIPS) has scheduled the second National Procurement and Supply Chain Conference (NPSC 2026) for September 2026. The event will focus on building resilient and smart supply chains as a driver for national transformation. Beyond domestic borders, global markets are seeing significant shifts: South Korea’s Incheon International Airport has emerged as the world’s busiest for international traffic, while in the tech and sports sectors, Trump Media reported a widened quarterly loss of $238 million, and Leicester City Football Club has been put up for sale for over £200 million by its owners, King Power.