business news

From policy to people: Nigeria can turn alcohol taxes into health for all
business

From policy to people: Nigeria can turn alcohol taxes into health for all

By Juliet Namukasa, Chijioke Nwokocha and Philip Jakpor What every Nigerian family wants Ask any Nigerian parent what they hope for, and the answer sounds the same in Kano, Enugu or Lagos. The World Bank’s latest Nigeria Development Update finds Nigeria’s pro-health taxes, including alcohol and tobacco taxes, among the lowest in West Africa.

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The Price and promise of a solitary monetary policy
business

The Price and promise of a solitary monetary policy

In 2025, the cedi posted its first annual gain against the US dollar in more than three decades, while the Bank of Ghana posted a combined loss of GHS 34.95 billion. Introduction In 2025, the Bank of Ghana (BoG) accomplished something of extraordinary monetary significance.

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Ambassador Smith urges investors to create well-paying jobs to curb brain drain
business

Ambassador Smith urges investors to create well-paying jobs to curb brain drain

The Embassy of Ghana in the United States, in collaboration with Region 17, has held a special business roundtable in Chicago, Illinois, bringing together investors, business leaders and other stakeholders to explore investment opportunities and strengthen economic ties between Ghana and the United States. Speaking at the event, Illinois State Senator for the 16th District, William Preston, highlighted the strong historical and cultural connections between Chicago and Ghana, stressing the need to translate these ties into meaningful economic partnerships.

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Nigeria needs 700,000 housing units annually to tackle deficit, Durojaye says
business

Nigeria needs 700,000 housing units annually to tackle deficit, Durojaye says

By James Ogunnaike, Abeokuta The Chairman of the Board of Directors of Gateway Mortgage Bank Limited, Samuel Durojaye, has said that Nigeria needs to construct approximately 700,000 housing units annually over the next decade to significantly reduce its housing deficit. Durojaye, who disclosed this at the 9th Annual General Meeting of Gateway Mortgage Bank Limited, held in Abeokuta, Ogun State described mortgage institutions as vital to bridging the country’s housing gap, explaining that they play a dual role in facilitating homeownership for individuals and providing property developers with…

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‘Yentua’ was negotiation, not recklessness – Sam Jonah on Acheampong’s debt decision
business

‘Yentua’ was negotiation, not recklessness – Sam Jonah on Acheampong’s debt decision

Business leader Sir Sam Jonah has praised former Head of State General Ignatius Kutu Acheampong’s 1972 decision to repudiate some of Ghana’s external debt, describing it as an act of courage and a demonstration of negotiation skill. Delivering the Second General I.K. Acheampong Memorial Lecture in Accra on Friday, November 13, 2026, Mr Jonah said Acheampong’s government announced on February 5, 1972, that Ghana would not honour about US$90 million in suppliers’ credits it considered tainted by corruption, fraud or inflated contracts.

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Lali X Lola, King Jerry energise vendors at Ecobank JoyBusiness SME Fair as they turn to the dance floor
business

Lali X Lola, King Jerry energise vendors at Ecobank JoyBusiness SME Fair as they turn to the dance floor

The second day of the Ecobank JoyBusiness SME Fair 2026 ended amid music, dancing and excitement as Ghanaian music acts Lali X Lola and King Jerry treated patrons to lively performances, transforming the business exhibition into a vibrant celebration of entrepreneurship and entertainment. A marketplace of Ghanaian enterprise The Ecobank JoyBusiness SME Fair 2026, organised by the Multimedia Group in partnership with Ecobank, has brought together more than 80 businesses and brands at Ghud Park, Accra Mall.

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Surge in onion prices hits consumers hard
business

Surge in onion prices hits consumers hard

One kilogram of shallots costs up to ₹180 in the retail market in Kochi. The price of the essential item is around ₹50 per kg higher than it was the previous month, say traders.

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