Ten State-Owned Enterprises (SOEs) collectively recorded a net loss of GH¢8.8 billion in 2024, about 1.0% of Gross Domestic Product (GDP). This constituted over 90% of total SOE net losses. The SOEs were Electricity Company of Ghana, Volta River Authority,…
The stock of non-performing loans (NPLs) in Ghana’s banking sector declined to GH¢19.9 billion at the end of June 2026, down from GH¢20.7 billion a year earlier. New data from the Bank of Ghana show that the industry’s NPL ratio…
Nsoatreman Community Bank Plc’s profit before tax more than doubled in 2025 as stronger lending boosted earnings, while the bank expanded its balance sheet and deposits despite a sharp decline in interest rates. Profit before tax rose 123.46% to GH¢7.45…
By Eugene Davis Ghana’s economy grew by a provisional 6.0 per cent year-on-year in the second quarter of 2026, including oil and gas, according to the Ghana Statistical Service (GSS). The latest growth rate marks a moderation from the 6.6…
By Eugene Davis The Minority Caucus in Parliament has renewed and updated its demand for full disclosure over the alleged $1.7 billion loss recorded in connection with GoldBod operations, arguing that recent findings by the International Monetary Fund (IMF) and…
The Ministry of Finance has moved to clarify the status of salary payments to 6,300 newly posted staff of the Ghana Education Service (GES), confirming that all staff inherited by the government in 2025 have been paid. The Ministry said…
Newmont Ghana has launched activities to mark 20 years of operations in the country, beginning the anniversary programme with a three-day community health screening and walk as the gold producer renews its commitment to Ghana’s economic and social development. The…
Cocoa prices sank to 2-week lows today and are sharply lower on signs of adequate cocoa supplies. Last Wednesday, Barry Callebaut AG, the world’s biggest cocoa processor, said the global cocoa market is well supplied, leaving the market better prepared…
By the time the Virtual Asset Service Providers Act was passed in December 2025, Ghana’s virtual asset market was already up and running. Substantial financial activity is already taking place through virtual asset platforms, much of it beyond the traditional…
Growth demonstrated that a business was creating value; it did not, on its own, give lenders and investors sufficient confidence to commit capital. A bankable business is, therefore, one that is ready to attract funding, with credible financial records, the…