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.

GCB staff lead cleanup exercise at Salaga Market
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Hollard Ghana Mourns CEO Patience Akyianu as MTN and GCB Bank Drive Community Impact

Ghana’s business community is mourning the loss of a prominent leader following the announcement by Hollard Ghana of the passing of its Group CEO, Patience Akyianu, in September 2026. Mrs. Akyianu, who joined Hollard in October 2018 as its first Group CEO, was a transformative figure in the insurance industry. Under her visionary leadership, the company achieved market leadership and significantly expanded insurance accessibility across the country. Her tenure was marked not only by financial growth but also by the cultivation of a "culture of care" within the organization, making her death a profound loss for both her colleagues and the wider corporate sector. While the financial sector reflects on Mrs. Akyianu’s legacy, other major corporations are strengthening their ties with local communities through large-scale celebrations and social interventions. MTN Ghana recently inaugurated the 2026 Suncity Festival in Sunyani, a grand event marking three decades of the telecommunications giant's operations in the country. The festival, which spans from September 26 to October 11, 2026, includes a diverse range of activities such as a walkathon, free health screenings, and a football gala. These initiatives are designed to celebrate MTN’s milestones—from pioneering GSM services to the revolution of Mobile Money—while simultaneously promoting youth participation and local culture in the Bono Region. Parallel to these festivities, GCB Bank PLC has demonstrated its commitment to grassroots development through its Staff Community Impact Programme. Most recently, employees from the bank's Salaga Branch led an intensive cleanup exercise at the Salaga Market in the East Gonja Municipality. Beyond clearing waste, the staff donated waste bins and engaged with market users to raise awareness about sustainable sanitation practices. This project is part of a nationwide effort involving over 4,500 GCB employees who are currently undertaking various community-focused initiatives in health, education, and environmental management. These developments highlight a dynamic period for Ghana's corporate landscape, characterized by both the transition of leadership and a deep-seated commitment to social responsibility. As MTN Ghana pledges to further enhance service quality and GCB Bank continues its nationwide community projects, the emphasis remains on sustainable development and local engagement. The coming months will likely see the industry honoring the legacy of leaders like Mrs. Akyianu while continuing to evolve through innovation and community-centered business models.

GNPC supplies 950,000 barrels of Sankofa crude to TOR
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President Mahama's Industrial Vision Advances as GNPC Supplies TOR and PURC Holds Utility Tariffs Constant

In a series of moves aimed at stabilizing the national economy and enhancing industrial capacity, the Ghana National Petroleum Corporation (GNPC) has delivered a significant boost to domestic refining, while the Public Utilities Regulatory Commission (PURC) has acted to protect consumers from rising costs. These developments, occurring under the administration of President John Mahama, signal a concerted effort to integrate the upstream and downstream petroleum sectors while maintaining price stability across essential utility services. As GNPC supplies nearly one million barrels of crude oil to the Tema Oil Refinery (TOR), the government is also facing calls to revitalize the nation’s aging public transportation infrastructure through Metro Mass Transit (MMT). The GNPC’s delivery of approximately 950,000 barrels of Sankofa crude oil to TOR represents a critical step in strengthening the connection between Ghana's upstream production and its domestic refining capabilities. Delivered via the vessel Sonangol Cazenga, this commercial arrangement aims to maximize the local processing of petroleum resources. GNPC Chief Executive, Mr. Kwame Ntow Amoah, noted that this collaboration is a direct reflection of President Mahama’s vision for a more integrated energy sector. Beyond crude oil, both institutions are exploring further synergies, including the potential supply of natural gas to bolster TOR’s operational capacity and efficiency. Complementing these industrial efforts, the PURC has announced that electricity and water tariffs will remain unchanged for the fourth quarter of 2026. This decision, effective October 1, follows a comprehensive quarterly review that considered the exchange rate of the cedi, the cost of natural gas, and an average annual inflation rate of 4.97%. By maintaining current rates, the Commission aims to balance the financial health of utility providers with the economic wellbeing of Ghanaian households. The PURC has emphasized that it will continue to monitor service providers closely to ensure that the tariff freeze is accompanied by high standards of service delivery and operational compliance. However, the transportation sector faces pressing challenges as Metro Mass Transit (MMT) appeals for urgent government intervention to renew its aging fleet. With 70-80% of its buses having exceeded their operational lifespan, MMT is struggling to maintain its mandate of providing affordable transit. Assistant Corporate Manager Benjamin Nimako highlighted that MMT currently offers fares 15-25% lower than private operators, a relief for commuters that is increasingly difficult to sustain without new investment. While a contract for 300 new Isuzu buses is currently in progress, MMT leaders argue that broader support is needed to expand from 88 to 360 routes, ensuring that the company remains a viable pillar of the nation's transport network.

Why Ghanaian businesses can no longer ignore green finance
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Ghana EXIM Bank and Financial Stakeholders Drive SME Growth Through Green Finance, Digitalization, and Local Outreach

Micro, Small, and Medium-sized Enterprises (MSMEs) in Ghana, which constitute 92% of registered businesses, are being urged to pivot toward green financing and digital transactions to enhance their competitiveness and access to credit. As the backbone of the national economy, these businesses face evolving challenges from climate change and financial exclusion. To address these hurdles, the Bank of Ghana has introduced Sustainable Banking Principles to improve compliance and clarity, while financial leaders emphasize that integrating modern financial tools is no longer a choice but a necessity for survival in the current economic landscape. The shift toward green finance is particularly critical as climate change begins to disrupt supply chains and inflate operational costs. According to reports from Access Bank (Ghana) PLC, the introduction of a Green Finance Taxonomy now provides a clear framework for directing capital toward environmentally sustainable activities. While the Bank of Ghana’s regulatory measures have already begun to improve compliance rates, significant barriers remain. Many SMEs struggle with awareness and information gaps, preventing them from accessing green capital that could otherwise improve their resilience and appeal to traditional lenders. In tandem with environmental sustainability, the adoption of digital transactions is being highlighted as a vital pathway to formalize the SME sector. Despite the widespread success of mobile money over the last decade, many small businesses continue to rely heavily on cash. Stakeholders warn that this dependency limits their visibility within the formal financial system, making it difficult to establish the reliable financial records necessary to secure loans. By transitioning to digital payments, MSMEs can build a "digital footprint" that serves as proof of revenue, thereby lowering the risk profile for banks and credit institutions. Beyond financial tools, bridging the communication gap through local languages is seen as a key strategy for fostering trade and export growth. Sylvester Adinam Mensah, CEO of the Ghana Export-Import (EXIM) Bank, recently called for a strategic partnership with community media like Latenu FM to disseminate business information in local languages such as Ga. Speaking at the station's 10th anniversary, Mensah underscored the need to celebrate local entrepreneurs and educate the community on export opportunities. This localized approach aims to democratize access to trade information, ensuring that language barriers do not prevent capable businesses from participating in the global market. Collectively, these initiatives represent a multi-pronged approach to strengthening Ghana’s private sector. By combining green finance, digital record-keeping, and localized education, stakeholders aim to create a more robust and inclusive business environment. For Ghanaian SMEs to thrive, the next step involves proactive engagement with financing institutions and the integration of these sustainable and digital practices into daily operations. This holistic transformation is essential for ensuring that the nation's primary economic drivers remain resilient against both environmental shifts and market fluctuations.

Some women working at the Tiyumtaba Shea Processing Factory
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Ministry of Food and Agriculture Signs $50m Deal for Organic Fertilizer Plant Amid Calls for Shea Industry Support

The Ministry of Food and Agriculture (MoFA) has formalized a significant partnership with ABC Oyeasase Yie Ltd, signing a $50 million Memorandum of Understanding (MoU) to establish a state-of-the-art organic fertilizer blending plant in the Eastern Region. This initiative, aimed at bolstering national food security and promoting sustainable farming practices, comes as agricultural stakeholders across Ghana call for increased investment in local processing and modern machinery. The proposed facility is expected to have an annual production capacity of 500,000 metric tonnes, marking a pivotal shift toward organic agriculture under the administration of President John Mahama. Minister for Food and Agriculture Eric Opoku emphasized the urgency of the project following the signing ceremony, noting that the transition to organic fertilizer is critical for maintaining soil health and long-term productivity. Samuel Adimado, a director at ABC Oyeasase Yie Ltd, assured the government that all preparations are in place for immediate commencement. The plant is designed not only to serve the domestic market but also to position Ghana as a key supplier within the West African sub-region, potentially reducing the country’s reliance on imported chemical fertilizers. While large-scale industrial projects advance, grassroots agribusinesses continue to face significant hurdles that require government attention. In the Northern Region, women in the Sorugu community are advocating for structural support to protect the shea industry, which serves as a vital economic lifeline for hundreds of families. Processors like Tohaltu Abubakari and Salima Mahama highlight that while the shea sector offers a path to financial independence and employment for youth, it is currently hampered by inadequate machinery, limited access to credit, and aggressive competition from foreign traders who buy raw nuts for export rather than local value addition. To fully realize the potential of Ghana’s agricultural sector, the Executive Director of the Tiyumtaba Shea Processing Factory has urged the government to complement large-scale fertilizer investments with localized support for processing equipment. Addressing these infrastructure gaps is seen as essential for transforming raw agricultural products into high-value exports and creating sustainable jobs. As the new fertilizer plant begins development in the Eastern Region, the integration of modern technology and accessible financing remains the primary demand from both industrial partners and community-based processors seeking to secure Ghana's agricultural future.

Dr Cassiel Ato Forson, Minister of Finance, speaking at the event
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President Mahama and Finance Minister Signal 'Golden Era' for Ghana's Economy with $10 Billion Investment Plan and SOE Listings

President John Mahama and Finance Minister Dr. Cassiel Ato Forson have signaled a major shift in Ghana's economic trajectory, declaring the start of a "golden era" for the private sector. Central to this vision is a $10 billion strategic investment plan over the next four years and a landmark decision to list 10 State-Owned Enterprises (SOEs) on the Ghana Stock Exchange (GSE). These moves are designed to stabilize the macroeconomic environment, reduce political interference in public corporations, and catalyze industrial growth through a more transparent and profit-driven governance model. Speaking during a discussion in New York, President Mahama detailed the plan to transform SOEs into public companies to curb the historical issue of political interference and poor work culture. This initiative follows a significant turnaround in the public sector, where collective SOE profits have risen to nearly GH¢19 billion after years of losses. The President also highlighted a dramatic surge in Foreign Direct Investment (FDI), which jumped from $640 million in 2024 to $2.6 billion by late 2025, buoyed by a more stable power supply and improved investor confidence in the nation's infrastructure. Supporting this presidential vision, Finance Minister Dr. Cassiel Ato Forson assured the Association of Ghana Industries (AGI) that the upcoming 2027 Budget would serve as a blueprint for comprehensive economic transformation. Dr. Forson urged local industry leaders to support revenue mobilization efforts to reduce the nation's reliance on external borrowing, promising that the government will maintain recent economic stability gains. AGI President Kofi Nsiah-Poku welcomed these developments, noting that the focus on industrial growth and strategic investment is essential for sustainable job creation and long-term national stability. Industry experts suggest these policy shifts arrive at a critical juncture for the nation. Vish Ashiagbor, Country Senior Partner at PwC Ghana, described the current landscape as an "inflection point" during the UK-Ghana Trade & Investment Summit 2026, noting that the private sector is increasingly taking the lead in driving economic activity. As the Bank of Ghana is projected to maintain stable policy rates, businesses are being encouraged to reevaluate internal processes and explore new markets to capitalize on the emerging opportunities within this evolving growth partnership.

Togbe Afede XIV, the Agbogbomefia of the Asogli State, is seated on an ornate golden throne while wearing a vibrant traditional Kente cloth. He is holding a white document and appears to be attending a formal ceremony, with other attendees visible in the background.
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Togbe Afede XIV Opposes Illegal Mining while Promoting Volta Region as Sustainable Resource Hub

Togbe Afede XIV, the Agbogbomefia of Asogli, has articulated a bold vision for the Volta Region, positioning it as Ghana’s next frontier for sustainable natural resource development while issuing a fierce ultimatum to illegal miners. Speaking at the Asogli Teza edition of the Volta Economic Forum in Ho, the traditional leader emphasized that while the region is open to commercial exploitation of its mineral wealth, it will resolutely resist any attempts to introduce unregulated and destructive mining practices, commonly known as "galamsey." He highlighted that the region's capacity to develop its resources responsibly is a priority for the traditional leadership. The Agbogbomefia warned that traditional authorities and local residents would not accept activities that jeopardize the environment for private profit. He underscored that the region's development must not come at the cost of its water bodies and land, which are vital for future generations. This stance reflects a growing national concern over the environmental impact of illegal mining, with Togbe Afede XIV calling for a paradigm shift toward sustainable practices that ensure long-term regional prosperity rather than short-term gains for a few individuals. Beyond the warning against illegal activities, the forum served as a platform to highlight the Volta Region's diverse economic prospects. The Agbogbomefia expressed optimism about attracting significant capital to harness the area's natural resources responsibly. He was joined by Chief of Staff Julius Debrah and the Volta Regional Minister, both of whom echoed the call for stakeholder collaboration. The Regional Minister pointed to burgeoning opportunities in agriculture and tourism, suggesting that the region's untapped potential could serve as a major driver for national economic growth under the current administration. The forum concluded with a unified call for peace and unity as the bedrock for sustainable development. By advocating for a "mining hub" model based on transparency and environmental stewardship, Togbe Afede XIV aims to set a new standard for resource management in Ghana. The success of this vision now depends on the ability of the government and private investors to align with the traditional leadership’s requirements for responsible investment and the protection of the Volta Region’s unique landscape.

2026/2027 Cocoa season opens: 64-kg bag of cocoa now GH¢2,650
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Ghana Opens 2026/2027 Cocoa Season with Price Increase and GH¢16.3 Billion Financial Restructuring Plan

The Ghana Cocoa Board (COCOBOD) has officially launched the 2026/2027 cocoa season, announcing a producer price increase to GH¢42,400 per tonne, up from GH¢41,392 in the previous season. This adjustment sets the price for a 64-kilogram bag of cocoa at GH¢2,650, a move intended to enhance the livelihoods of farmers while ensuring the sector’s financial sustainability. Ransford Abbey, the Chief Executive of COCOBOD, noted that the new price represents 71.18% of the gross free-on-board (FOB) price, surpassing the 70% minimum mandated by the newly implemented Ghana Cocoa Board Act, 2026. However, the price hike has faced criticism from Minority Chief Whip Frank Annoh-Dompreh, who described the GH¢2,650 rate as disappointing and argued that cocoa farmers deserve better support under the current administration. To support this new season and ensure liquidity for cocoa purchases, COCOBOD’s subsidiary, Cocoa Capital PLC, is launching a Domestic Cocoa Notes Programme to raise up to GH¢16.3 billion. This ambitious financing strategy includes GH¢14 billion in Commercial Paper to address immediate short-term liquidity needs and GH¢2.3 billion in medium-to-long-term bonds aimed at refinancing legacy debts. The programme, which has received approval from the Securities and Exchange Commission (SEC), is a cornerstone of the government's agenda to reset the cocoa sector. Repayment for these instruments will be secured by receivables from cocoa forward sales contracts, with major financial institutions like Absa and Stanbic Bank serving as bookrunners. Beyond financial restructuring, the sector is also focusing on sustainability and social development within cocoa-growing communities. Cargill Ghana, in partnership with the International Cocoa Initiative, recently graduated 111 youth from a three-year vocational apprenticeship program in Debiso, Western North Region. These graduates, trained in trades such as auto mechanics and tailoring, were provided with start-up tools to foster sustainable livelihoods and reduce the prevalence of child labor in the industry. Additionally, COCOBOD has operationalized the Ghana Cocoa Traceability System to ensure compliance with the European Union’s Deforestation Regulation by the end of 2026, reinforcing Ghana's position in the global market. As the 2026/2027 season progresses, COCOBOD plans to maintain its productivity enhancement programs, including the distribution of hybrid seedlings and fertilizers. The combination of legislative reform, aggressive domestic fundraising, and community-level social interventions signals a comprehensive attempt by the government to stabilize an industry that remains the backbone of Ghana’s economy. The success of these initiatives will be closely watched by international markets and domestic stakeholders alike, particularly as the country navigates the dual challenges of debt refinancing and environmental compliance.

Dr. Maxwell Opoku-Afari, First Deputy Governor of the Bank of Ghana, is captured during a formal session holding documents and seated before a microphone. The background shows a digital screen with other participants, and the official Bank of Ghana logo is visible in the bottom-left corner.
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Bank of Ghana Dismisses GH¢500 Note Rumors Ahead of ‘Heritage Series’ Launch and Facilitates Direct Cedi-China Trade

The Bank of Ghana (BoG) has officially refuted circulating social media rumors regarding the introduction of a new GH¢500 banknote. Dominic Owusu, Director of the Currency Management Department at the central bank, clarified that no such high-value denomination is planned for the upcoming ‘Heritage Series’ of banknotes. Set for release on November 3, 2026, the new series is intended to upgrade existing denominations rather than expand the current range of notes. The BoG emphasized that the public should disregard misinformation and rely on official communications from the central bank regarding the nation's legal tender. The Heritage Series represents a significant move by the BoG to modernize Ghana’s physical currency. According to Mr. Owusu, the upgrade focuses on integrating state-of-the-art security features to combat counterfeiting and utilizing more durable materials to extend the lifespan of the notes in circulation. Beyond technical enhancements, the redesign will incorporate Ghanaian symbols and imagery that reflect the country’s rich history, culture, and national aspirations. This initiative aims to streamline currency management and reduce the long-term costs associated with printing and replacing worn-out banknotes. To ensure a smooth transition, the central bank has assured the public that all current Ghana cedi notes will remain valid legal tender and will continue to circulate alongside the new Heritage Series after its launch. The BoG’s strategy focuses on a phased integration that avoids market disruption while providing the public with more secure and resilient currency. This clarification comes as the central bank seeks to maintain public confidence in the cedi and its management under the current administration’s economic framework. In a parallel effort to strengthen the national currency's utility, the Bank of Ghana has also announced new payment arrangements to facilitate direct trade between Ghana and China. This initiative allows Ghanaian businesses to settle transactions with Chinese suppliers using the Ghana cedi, bypassing the traditional requirement to convert local currency into US dollars. By collaborating with commercial banks to establish these direct payment channels, the BoG intends to reduce the pressure on foreign exchange reserves and minimize transaction costs for importers, further cementing the trade relationship with one of Ghana’s largest economic partners.

Attendees at the Republic Bank-JoyNews Habitat Fair Clinic interact with exhibitors at a booth for Nestas Homes. The photograph shows various visitors inquiring about real estate options and construction products such as paint and tiling under a large event marquee.
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Republic Bank-JoyNews Habitat Fair Clinic Draws Large Crowds at Junction Mall for Housing Solutions

The third Republic Bank-JoyNews Habitat Fair Clinic has seen a surge in patronage at the Junction Mall in Nungua, as prospective homeowners and property investors seek expert guidance on the Ghanaian housing market. Running from September 25 to September 27, 2025, the three-day event serves as a critical platform for bridging the gap between the public and key players in the real estate and financial sectors. Following a robust turnout on its opening day, the clinic gained significant momentum during its second day, with attendees exploring a wide array of housing solutions under one roof. Exhibitors at the fair include a diverse range of financial institutions, property developers, and specialized service providers. Republic Bank Ghana, a headline sponsor, has been central to the event, providing in-depth consultations on mortgage financing and property acquisition. Other notable participants such as Drive EV GH and Virtual Security Africa have showcased innovations in renewable energy and home security, respectively. This variety ensures that visitors can find information not only on buying or building homes but also on modernizing and securing existing properties with the latest construction materials and technology. The clinic’s "one-stop-shop" approach allows participants to engage directly with industry experts, facilitating a more transparent and streamlined path toward homeownership. Throughout the second day, the atmosphere at Junction Mall was vibrant, with professionals answering technical queries and offering tailored financial advice. This direct interaction is designed to empower Ghanaians with the knowledge needed to navigate the complexities of the real estate market, from understanding mortgage interest rates to selecting the right building materials for a construction project. As the event moves into its final day on September 27, organizers are encouraging the public to take advantage of the remaining opportunities to connect with housing sector professionals. The success of the first two days underscores a growing demand for accessible housing information and flexible financing options in Ghana. By centralizing these resources, the Republic Bank-JoyNews Habitat Fair Clinic continues to play a pivotal role in helping individuals take practical, informed steps toward securing their future homes.

IFC Managing Director visits Kwame Nkrumah Memorial Park
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Ghana Advances Sustainable Economic Growth Through Green Finance, Mining Local Content, and $50M Fertilizer Investment

Ghana's business landscape is undergoing a significant transformation driven by sustainable practices, local content empowerment, and large-scale agricultural investment. A cornerstone of this shift is a new $50 million memorandum of understanding between the Ministry of Food and Agriculture and ABC Oyeasase Yie Ltd to establish an organic fertilizer blending plant in the Eastern Region. With an annual capacity of 500,000 metric tonnes, the facility is designed to bolster national food security and accelerate the transition toward organic farming. This industrial push is complemented by the "excellent" performance of national irrigation schemes in Aveyime, Dawhenya, and Ashaiman. A recent evaluation by KOICA experts awarded these schemes an 89.6% performance rating, noting that improved infrastructure and solar-powered solutions are significantly boosting rice yields and annual incomes for local farmers. In the extractive sector, major mining firms are deepening their integration with local economies to meet regulatory standards under LI 2431. Cardinal Namdini Mining Limited (CNML) recently hosted its inaugural Supplier Summit, focused on building the capacity of local enterprises to participate in the burgeoning commercial mining sector of the Upper East Region. Vice-President Qi Xuanya emphasized that fostering competitive local businesses is essential for value retention and job creation. Similarly, Asanko Gold Ghana Limited has expanded its Community Agricultural Support Programme (CASP) to 80 smallholder farmers across 12 communities in the Ashanti Region. This initiative provides climate-resilient training and essential inputs to help farmers overcome the dual challenges of rising costs and the environmental impact of illegal mining. Financial institutions and international partners are also pivoting toward sustainability to ensure long-term economic resilience. Access Bank (Ghana) PLC is actively promoting green finance, noting that SMEs—which constitute 92% of Ghana's registered businesses—can no longer ignore eco-friendly operations. The Bank of Ghana’s Sustainable Banking Principles and a new Green Finance Taxonomy are providing the necessary framework for these businesses to access capital. Meanwhile, during a visit to the Kwame Nkrumah Memorial Park in Accra, International Finance Corporation (IFC) Managing Director Makhtar Diop highlighted the role of cultural heritage and tourism in job creation. The IFC is currently eyeing hospitality investments to further stimulate the local economy and support small businesses involved in the tourism value chain. While these developments signal a robust trajectory for the Ghanaian economy, regional examples highlight the complexity of balancing conservation with economic needs. In neighboring Principe, a "nature dividend" initiative led by the Faya Foundation offers quarterly payments to residents to prevent logging, though it has met with mixed reactions regarding its impact on poverty. Within Ghana, experts warn that the success of current industrial and agricultural gains will depend on consistent infrastructure maintenance and closing the awareness gap regarding green capital. As the government and private sector continue to align on local content and sustainability, these initiatives are expected to form the bedrock of a more resilient national economy.

Yellow Card appoints Ross Everett as Group Chief Financial Officer
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Prudential Life Insurance Ghana and Yellow Card Drive Financial Sector Growth Amid Global Shifts in Technology and Mining

Prudential Life Insurance Ghana has achieved a significant milestone by being recognized as the leading Million Dollar Round Table (MDRT) business in the country and securing a position in the MDRT Global Top 100 for 2026. This recognition follows the qualification of 275 financial consultants in the first half of 2026, building on a robust network of 662 consultants in 2025. CEO Emmanuel Mokobi Aryee and Jane Mingle emphasized that this achievement reflects a growing local demand for professional financial planning and a customer-centric approach. Concurrently, fintech leader Yellow Card has strengthened its executive team by appointing Ross Everett, formerly of Monzo and Deutsche Bank, as Group Chief Financial Officer. Everett will oversee the company's financial strategy and governance as it scales its stablecoin infrastructure globally, following a successful $40 million funding round aimed at expansion into Latin America and the Asia-Pacific region. In the global industrial sector, Rolls-Royce has secured a multi-million-pound agreement with Philippine Airlines to supply 18 Trent XWB-97 engines for nine new Airbus A350-1000 aircraft. The deal, which includes a comprehensive maintenance package, underscores a commitment to sustainability, as the engines are capable of operating on a 50% sustainable aviation fuel blend with plans to reach 100% in the future. Similarly, Tesla is advancing its presence in the logistics market by launching production of its Semi electric trucks at its Nevada plant. Despite previous delays, Tesla has secured orders for 2,500 units from major partners including PepsiCo and Microsoft, targeting a production ramp-up to 50,000 units annually by 2026 to meet the demand for long-haul, zero-emission freight. Strategic investments in the mining sector are also gaining momentum across Africa. Nigeria and the United States have signed a framework agreement to boost American investment in Nigeria's solid minerals sector, as announced by Minister Dele Alake. Meanwhile, in the Democratic Republic of Congo, the US-based mining firm KoBold Metals—backed by high-profile investors like Bill Gates and Jeff Bezos—is deploying artificial intelligence to explore for critical minerals like copper and cobalt. With a planned investment of $50 million by early 2027, the company aims to challenge international dominance in the sector while navigating local challenges related to infrastructure and historical distrust. While many sectors show expansion, some major entities face significant financial pressures. Manchester United reported a total debt of #1.15 billion after borrowing an additional #90 million to support a summer transfer spending spree of #191.7 million. The club’s financial report highlights the ongoing tension between aggressive market activity and the need for cost-cutting measures under new leadership. Collectively, these developments illustrate a global business landscape defined by a push for technological innovation, strategic resource acquisition, and the professionalization of financial services, even as organizations navigate various economic challenges.

PURC Maintains Utility Tariffs for Q4 2026 as State Housing Company Launches Nationwide Property Audit
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PURC Maintains Utility Tariffs for Q4 2026 as State Housing Company Launches Nationwide Property Audit

The Public Utilities Regulatory Commission (PURC) has announced that electricity and water tariffs will remain unchanged for the fourth quarter of 2026, providing a measure of economic stability for Ghanaian consumers and businesses. Effective October 1, 2026, the zero percent adjustment follows a comprehensive quarterly review of key economic indicators, including the depreciation of the Ghana cedi, natural gas costs, and an average annual inflation rate of 4.97%. The Commission emphasized that this decision balances the financial viability of utility providers with the protection of consumer wellbeing, while promising continued monitoring of service quality standards across the country. Simultaneous with this utility price freeze, the State Housing Company Limited (SHC) has launched an aggressive nationwide audit and recovery exercise to regularize the occupation of its lands and properties. The SHC has issued a 21-day ultimatum, effective from September 24, 2026, for individuals without valid documentation, encroachers, and those with expired leases to regularize their interests. Property occupants who fail to present relevant documents for verification within this window face lawful recovery actions. The SHC also advised the general public to conduct thorough due diligence before engaging in any transactions involving lands purportedly belonging to the state developer. In the private sector, the 3rd Republic Bank-JoyNews Habitat Fair Clinic recently concluded at the Junction Mall in Nungua, serving as a hub for prospective homeowners and property investors. Held from September 25 to 27, the event successfully connected patrons with financial institutions, construction firms, and security experts. Attendees received personalized guidance on mortgage options and housing packages, highlighting the growing demand for structured property investment information in the Ghanaian market. Republic Bank Ghana and other participating entities used the platform to showcase various financing solutions designed to lower the barrier to homeownership. Further signaling growth in the premium real estate market, Devtraco Plus has unveiled its twelfth major project, the Lotus Airport Residential, to commemorate its 30th anniversary in Ghana. Located in the prime Airport Residential area off Patrice Lumumba Road, the development features twin 12-storey towers offering a range of living options from studios to penthouses. Chief Sales and Marketing Officer Sandra Mudzimba noted that the project is strategically positioned to meet evolving urban demands, offering amenities such as a wellness center and co-working spaces. This project underscores the continued expansion of Ghana's high-end property portfolio amidst a broader push for sector transparency and improved utility management.