business news

IEA launches one-year project to support Ghana’s Nuclear Power Programme
business

IEA launches one-year project to support Ghana’s Nuclear Power Programme

The Institute of Economic Affairs (IEA Ghana), through its Nuclear Energy Centre of Excellence, has launched a one-year initiative aimed at supporting selected priority activities under Phase Two of Ghana’s Nuclear Power Programme. Ghana is currently implementing Phase Two of the International Atomic Energy Agency’s (IAEA) Milestones Approach, a structured framework that guides countries developing nuclear power programmes through the institutional, technical, regulatory and financial preparations required for the safe, secure and sustainable introduction of nuclear electricity generation.

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Healey’s budget paves way for ‘brutal’ spending review next year, warns IFS
business

Healey’s budget paves way for ‘brutal’ spending review next year, warns IFS

Thinktank says chancellor has given himself a mountain to climb after ducking big decisions in low-key speech John Healey has paved the way for a “brutal” spending review next year after his budget failed to cover a £28bn shortfall in the public finances needed to avoid a return to austerity, according to Britain’s leading tax and spending experts. A day after his address to the Commons, the Institute for Fiscal Studies (IFS) said the chancellor had left himself a mountain to climb by ducking several big decisions in his debut tax and spending statement.

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UK social media ban may lock out more than 100,000 teenagers without ID
business

UK social media ban may lock out more than 100,000 teenagers without ID

Watchdog says under-16 ban may affect older teenagers without passport or licence, and that ‘motivated children’ will skirt restrictions More than 100,000 British teenagers risk being locked out of social media in the UK if they do not have a passport or driving licence when an under-16 ban is introduced next year. Ofcom, the UK’s online watchdog, said about 150,000 16 to 17-year-olds do not own a passport or driving licence, which are likely to be needed to access age-restricted platforms.

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Private sector benefiting from low lending rates – BoG Governor
business

Private sector benefiting from low lending rates – BoG Governor

Average lending rates in Ghana have declined from 30.25% in December 2024 to 15.7% in September 2026, while private sector credit growth has strengthened to 26.4%, according to the Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama. Dr Asiama said reliable statistics remained essential for monetary policy, financial regulation and investment decisions, commending the Ghana Statistical Service for bringing key economic and financial indicators together in the Ghana in Numbers 2025 publication.

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HMRC puts 200 billionaires on UK tax crackdown hitlist
business

HMRC puts 200 billionaires on UK tax crackdown hitlist

‘Compliance managers’ to have discussions with authority’s wealthiest customers in aim to raise tax revenues Business live – latest updates The UK’s tax authority is assigning dedicated “customer compliance managers” to more than 200 billionaires as part of a crackdown meant to raise £500m for the public purse. HM Revenue and Customs (HMRC) said it had for the first time compiled a list of billionaires who are required to pay tax in the UK, regardless of whether they formally live in the country, to tackle a “wealthy tax gap” caused by those who do not pay what they ought.

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Explorco reports improved 2025 performance ahead of Voltaian Basin drilling
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Explorco reports improved 2025 performance ahead of Voltaian Basin drilling

GNPC Exploration and Production Limited (Explorco) says its financial position improved in 2025 as it prepares for an onshore drilling campaign in the Voltaian Basin in the fourth quarter of 2026. Those present included Mr Gyan-Mensah, Dr Anafure, Mr Opoku Arthur and GNPC Chief Executive Officer Kwame Ntow Amoah.

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Titus Glover pours libation over La Pleasure Beach demolitions (Video)
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Titus Glover pours libation over La Pleasure Beach demolitions (Video)

Former Greater Accra Regional Minister Titus Glover has poured libation, calling on traditional deities to intervene in the demolition of structures at La Pleasure Beach, which has affected businesses and livelihoods. The demonstration follows calls by the Coalition of La Associations (COLA) to the government and relevant authorities in seven days to respond to demands for compensation for businesses and traders affected by the demolition exercises at Laboma Beach Resort and La Pleasure Beach.

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Zanetor Agyeman-Rawlings urges responsible mining after Zijin Mining visit
business

Zanetor Agyeman-Rawlings urges responsible mining after Zijin Mining visit

The Minister for Environment, Science and Technology, Dr Zanetor Agyeman-Rawlings, has highlighted the need for responsible mining after visiting Zijin Mining’s operations at New Abirem in the Eastern Region. The minister said officials of Zijin Mining took him through the company’s environmental management practices, including land reclamation, rehabilitation of mined-out areas and tree planting.

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92% of Ghanaian businesses operate informally – GSS report
business

92% of Ghanaian businesses operate informally – GSS report

Government Statistician, Dr Alhassan Iddrisu, disclosed this at the launch of the ‘Ghana in Numbers 2025’ publication by the Ghana Statistical Service in Accra. According to the Service’s first Integrated Business Establishment Survey (IBES-1), Ghana recorded 2.64 million business establishments in 2024, with 9 in 10 classified as micro businesses.

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EPA gave Empire Cement three months to plan relocation in 2023 – Former EPA Boss
business

EPA gave Empire Cement three months to plan relocation in 2023 – Former EPA Boss

Former Environmental Protection Authority (EPA) Executive Director Dr Henry Kwabena Kokofu says Empire Cement Ghana Limited was given three months in 2023 to prepare a plan to relocate its factory after regulators raised concerns about its location near the Densu Delta Ramsar Site. Dr Kokofu made the disclosure on the Citi Breakfast Show on Thursday, October 29, amid renewed regulatory action against Empire Cement’s operations near the Densu Delta Ramsar Site.

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GRIDCo completes 70% of Anwomaso–Ahodwo line upgrade; planned outages to begin Friday
business

GRIDCo completes 70% of Anwomaso–Ahodwo line upgrade; planned outages to begin Friday

The Ghana Grid Company Limited (GRIDCo) has completed 70% of the upgrade of the 161kV Anwomaso–Ahodwo transmission line in Kumasi, with planned power interruptions expected in some communities as engineers work to finish the remaining tasks. GRIDCo and the Electricity Company of Ghana (ECG) say the outstanding work involves stringing conductors on transmission towers.

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Alake denies $700bn minerals sale, inaugurates Nigeria-US committee
business

Alake denies $700bn minerals sale, inaugurates Nigeria-US committee

By Gabriel Ewepu ABUJA — Minister of Solid Minerals Development, Dr Dele Alake, has dismissed reports that Nigeria sold $700 billion worth of solid minerals to the United States, insisting that no national asset has been sold or transferred under the bilateral cooperation framework. Alake spoke on Tuesday in Abuja while inaugurating the Nigeria-United States Committee on Strategic Cooperation in the Solid Minerals Sector, describing the reports as false and clarifying that the agreement was designed to attract investment and promote partnerships between American investors and Nigerian…

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Poundland on brink of administration, with 12,000 jobs at risk
business

Poundland on brink of administration, with 12,000 jobs at risk

Owner Gordon Brothers files notice of intent to begin process after rejecting management-backed rescue bid Business live – latest updates The owner of Poundland has said it is preparing to appoint administrators, putting up to 12,000 jobs at risk at the retail chain across the UK and Ireland. Gordon Brothers filed a notice of intention to appoint administrators at the high court on Wednesday night, with the advisory firm Alix Partners lined up to run the process.

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Europe’s central bank chief Christine Lagarde to step down nine months early
business

Europe’s central bank chief Christine Lagarde to step down nine months early

Departure of Lagarde, seen as candidate to take over World Economic Forum, comes as eurozone struggles with weak growth and inflation Christine Lagarde, the eurozone’s top central banker, is stepping down nine months early. The European Central Bank announced on Thursday morning that Lagarde would step down as its president on 7 February 2027; her term was scheduled to run until the end of October next year.

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Lloyds executive criticises Healey for linking bank tax rises to energy bill support
business

Lloyds executive criticises Healey for linking bank tax rises to energy bill support

Chief financial officer says he hopes budget measure is temporary as sector provides loans that fuel growth Business live – latest updates A senior Lloyds Banking Group executive has criticised the chancellor for linking bank tax increases to energy bill support for UK households, as he warned the government against extending the higher levy beyond March 2028. Lloyds’s chief financial officer, William Chalmers, acknowledged that the economic environment was “challenging” but said the government should not seek to ease pressure on households at the expense of the banking sector as it provides l

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PETROSOL’s CEO urges Ghana to turn economic stability into sustainable growth
business

PETROSOL’s CEO urges Ghana to turn economic stability into sustainable growth

The Chief Executive Officer of PETROSOL Platinum Energy PLC, Michael Bozumbil, has called on the Government of Ghana to protect the country’s economic recovery through consistent policies, prudent public spending and deliberate support for indigenous businesses. Delivering the keynote address at the 50th Annual General Meeting (AGM) of the Ghana National Chamber of Commerce and Industry (GNCCI), held on Wednesday, 28 October 2026, at the Ghana Shippers’ House in Ridge, Accra, Mr Bozumbil said improving economic indicators were encouraging, but should be seen as signs of recovery, not proof…

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Rural women in Volta, Oti seek support to compete with imported rice
business

Rural women in Volta, Oti seek support to compete with imported rice

The Vice Chairperson of the Gamesu Women Rice Farmers Association and a member of Volta and Oti Women in Agriculture (VOWAN), Saraphine Obrotey, has called for improved access to land, affordable credit, agricultural inputs and modern farming support for rural women engaged in rice production in the Volta and Oti regions. Speaking on the topic “Rice Production by Women in the Volta and Oti Regions of Ghana,” under the theme “A Global Call to Support Women in Rural Areas,” Madam Obrotey highlighted the contributions of rural women to agriculture and the need for stronger institutional support…

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