business news

The Guardian view on Labour’s growth obsession: a different economics is possible
business

The Guardian view on Labour’s growth obsession: a different economics is possible

The latest edition of Radical Thinking, the Guardian’s new podcast, should be required listening at a Treasury still stifled by outdated orthodoxies As prime ministers have come and gone at bewildering speed in recent years, the search for elusive economic growth has become the overriding fixation of the British political class. Echoing Mr Starmer’s approach, Mr Burnham’s chancellor, John Healey, told the Labour party conference in September: “Without growth, there is no social democracy.”

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BoG warns public of 20 unlicensed digital credit services providers
business

BoG warns public of 20 unlicensed digital credit services providers

The Bank of Ghana (BoG) in collaboration with the CyberSecurity Authority, has stepped up efforts to sanitise the digital credit space and protect the public from entities providing digital credit services without the requisite licence or authorisation. A statement from the BoG issued on November 2, 2026 said “such activities are conducted in contravention of the Directive for Digital Credit Service Providers in Ghana (September 2025)”.

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Nigeria needs 10% growth to reduce poverty — Peterside
business

Nigeria needs 10% growth to reduce poverty — Peterside

By Favour Ulebor, Abuja Businessman and former Nigerian Stock Exchange chairman, Atedo Peterside, has said Nigeria’s economic growth rate of about four per cent is inadequate to generate the jobs and investment needed to lift citizens out of poverty, insisting that the country must target annual growth of 10 per cent. Also speaking, the Emir of Kano, Muhammadu Sanusi II, acknowledged improvements in some economic indicators but cautioned that headline growth figures did not necessarily reflect the welfare of Nigerians.

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Nigeria’s exports rise 25% in two years — NPA
business

Nigeria’s exports rise 25% in two years — NPA

By Godwin Oritse The Nigerian Ports Authority (NPA) has said the country’s exports increased by more than 25 per cent in the last two years, attributing the growth to Federal Government reforms and improved collaboration with port operators. He said the authority was monitoring port performance across West and Central Africa through a regional dashboard, adding that the data showed improvements in Nigeria’s port efficiency as well as progress in countries such as Tanzania and Kenya.

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Experts advocate renewables, microgrids to tackle power crisis
business

Experts advocate renewables, microgrids to tackle power crisis

They made the call in separate interviews with Vanguard on the sidelines of the recently concluded Nigeria Energy Summit at Landmark, Lagos. Product Manager, DEIF, Anshul Alankar, said Nigeria needed to accelerate the adoption of renewable energy, particularly solar power, noting that the national grid could not meet the country’s growing electricity demand.

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Fresh oil spill disrupts fishing in Bayelsa community
business

Fresh oil spill disrupts fishing in Bayelsa community

By Samuel Oyadongha, Yenagoa A fresh crude oil spill has polluted the shoreline of Egweama community on Cape Formosa Island in Brass Local Government Area of Bayelsa State, disrupting fishing activities and leaving residents stranded. ECARD called on the National Oil Spill Detection and Response Agency (NOSDRA), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Bayelsa State Ministry of Environment to investigate the incident, establish its source and ensure immediate cleanup.

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Petrosol targets business expansion in 2027, eyes stronger corporate partnerships
business

Petrosol targets business expansion in 2027, eyes stronger corporate partnerships

Petrosol Ghana, a leading Oil Marketing Company (OMC), is targeting business expansion in 2027 through stronger corporate partnerships and increased commercial activities. The company’s Head of Marketing, Philip Boamah Assampong, said Petrosol would leverage its existing business relationships to explore new opportunities and strengthen its market presence.

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Petrosol to roll out new customer packages ahead of Christmas
business

Petrosol to roll out new customer packages ahead of Christmas

Petrosol Ghana is preparing to introduce new promotional offers and customer packages ahead of the Christmas festivities as part of efforts to reward customers and strengthen loyalty. The company’s Head of Marketing, Philip Boamah Assampong, said the initiatives would be unveiled in the coming weeks.

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PIA reforms lift oil output by 600,000bpd — NNPC
business

PIA reforms lift oil output by 600,000bpd — NNPC

…Company targets two million bpd production by 2027 By Obas Esiedesa, Abuja Nigeria’s crude oil production has increased by 600,000 barrels per day (bpd), from about 1.2 million bpd to 1.8 million bpd, following the implementation of the Petroleum Industry Act (PIA) and reforms in the oil and gas sector, the Nigerian National Petroleum Company Limited (NNPC) has said. The Group Chief Executive Officer of NNPC Limited, Mr Bashir Bayo Ojulari, disclosed this on Tuesday at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.

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Petrosol, The Multimedia Group move to strengthen commercial partnership
business

Petrosol, The Multimedia Group move to strengthen commercial partnership

Petrosol Ghana, a leading Oil Marketing Company (OMC), is seeking to deepen its commercial relationship with The Multimedia Group Limited as both companies explore opportunities for further collaboration. Ken Ansah, Chief Operating Officer (COO) and David Max-Fugar, General Manager for Sales of the Multimedia Group Limited received the OMC, had dialougue on how to build on the existing relationship between the two firms.

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Deputy Works Minister urges business leaders to strengthen project delivery accountability
business

Deputy Works Minister urges business leaders to strengthen project delivery accountability

Deputy Minister for Works, Housing and Water Resources, Gizella Tetteh-Agbotui, has urged chief executives and business leaders to strengthen project planning, leadership accountability and implementation oversight to improve the delivery of development projects. Managing Director of PMI Sub-Saharan Africa, George Asamani, also stressed the need for thorough preparation before projects commence.

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Reps invite CBN governor over alleged unpaid pensions
business

Reps invite CBN governor over alleged unpaid pensions

By Gift ChapiOdekina, Abuja The House of Representatives on Tuesday resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to explain alleged breaches of pension agreements and the non-payment of benefits to retired employees of the apex bank. It mandated its Committee on Pension to investigate alleged non-compliance by the CBN with contractual agreements concerning the administration and payment of pension benefits to its retired employees, with particular attention to the terms and obligations contained in the agreements.

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BoG flags 20 unlicensed mobile loan apps, warns public against using their services
business

BoG flags 20 unlicensed mobile loan apps, warns public against using their services

The Bank of Ghana (BoG) has flagged 20 mobile loan applications for operating without the necessary regulatory approval, urging the public to refrain from using their services. The affected applications are Active Loan, Boafo Cash, Cediln, Fair Moni, Fast Loan, Halo Loan, Jmoney, Kredi, KudiNow, LendJet, MeCedi, NhyiraCash, Palcash, Quick Eazzy, SikaFlow, SikaNea, Swift Lending, TrustCredit GH, Velzo and Zedvance.

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GCB Bank crowns customer service month with Maiden Aerobics Fiesta in Accra
business

GCB Bank crowns customer service month with Maiden Aerobics Fiesta in Accra

In an effort to deepen customer relationships through experiences beyond financial services, GCB Bank hosted its maiden Aerobics Fiesta in Accra, combining fitness, health awareness and entertainment to reinforce its customer-centred approach to banking. Speaking on the rationale behind the initiative, GCB Bank’s Chief Marketing, Communications and Customer Experience Officer, Cynthia Ofori-Dwumfuo, said the Aerobics Fiesta was designed to create an opportunity for the Bank to connect with customers on a more personal level while encouraging them to prioritise their health and general…

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GCB Bank’s Customer Experience Chief outlines wellness-driven strategy to deepen customer engagement
business

GCB Bank’s Customer Experience Chief outlines wellness-driven strategy to deepen customer engagement

The Chief Marketing, Communication and Customer Experience Officer of GCB Bank PLC, Cynthia Ofori-Dwumfuo, has reaffirmed the Bank’s commitment to enhancing customer experience through wellness initiatives, digital innovation, fraud awareness and improved service delivery as part of efforts to deepen customer engagement and strengthen its customer-centred approach. The maiden Aerobics Fiesta held at the University of Ghana Stadium in Accra on Saturday, October 31, marks the grand finale of GCB Bank’s 2026 Customer Service Month celebrations, held under the theme “The Extra Mile”.

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Guaranteed pension income ‘resurrected’ for 17m private sector workers
business

Guaranteed pension income ‘resurrected’ for 17m private sector workers

Ministers propose new guided retirement scheme to help give savers protection for life Business live – latest updates Millions of private sector workers will be offered a guaranteed pension income for life under new rules designed to help them get the most out of their retirement savings. Over the past 30 years, the majority of final salary pension schemes offering a set payout for life have closed.

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Prudential Bank holds financial literacy workshop for persons with disabilities
business

Prudential Bank holds financial literacy workshop for persons with disabilities

Prudential Bank has held a financial literacy workshop for persons with disabilities (PWDs) in Accra, focusing on improving their understanding of banking services and financial management. Prudential Bank said it had introduced a Financial Inclusion for PWDs Policy in line with the Bank of Ghana’s directive on equitable access to financial products.

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