business news

Trailer kills seven in Gombe multiple crash
business

Trailer kills seven in Gombe multiple crash

The Gombe State Sector Commander of the Federal Road Safety Corps (FRSC), Mr Samson Kaura, has confirmed the death of seven persons in a multiple crash that occurred along Gombe-Billiri Road in the state Kaura made the confirmation in an interview with the News Agency of Nigeria (NAN) in Gombe on Friday. Kaura said that a Daf trailer moving from Gombe to Yola lost control as a result of brake failure.

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Retail sales in Great Britain fall as struggling households cut back
business

Retail sales in Great Britain fall as struggling households cut back

Latest negative economic update comes as John Healey is due to announce budget next week Business live – latest updates Retail sales in Great Britain fell more steeply than expected last month, the latest negative economic update before the chancellor, John Healey, announces his budget next week. The Office for National Statistics (ONS) said the volume of goods sold fell 0.4% month on month in September, much steeper than economists’ consensus expectations of a 0.1% fall.

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Water shortage: GWCL targets 3-4 days’ supply as residents demand answers
business

Water shortage: GWCL targets 3-4 days’ supply as residents demand answers

Ghana Water Company Limited (GWCL) is targeting three to four days of water supply per week in affected communities in parts of Greater Accra, after weeks of unreliable flow forced some households to buy water from alternative sources. Stephen Kemevor, Resident, Bethlehem GWCL’s Head of Public Relations and Communications, Stanley Martey, attributed the challenges partly to the shutdown of the Teshie Desalination Plant, which serves eastern Accra, including Teshie-Nungua and Spintex.

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Investment, regional cooperation key to African mineral value addition — MIIF CEO
business

Investment, regional cooperation key to African mineral value addition — MIIF CEO

Justina Nelson, Chief Executive Officer of the Minerals Income Investment Fund (MIIF), has called for stronger regional cooperation to boost mineral value addition and economic benefits across Africa. Nelson made the call at a ministerial roundtable on mineral value addition and beneficiation during the African Minerals Policy Forum (Mining in Motion Conference) in Accra, a release shared with the Ghana News Agency said.

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Dollar to Naira exchange rate today, October 23, 2026
business

Dollar to Naira exchange rate today, October 23, 2026

The Nigerian Naira exchanged at around N1,330.95 to the US Dollar at the Nigerian Foreign Exchange Market (NFEM). In the unofficial parallel market, street traders and Bureau De Change (BDC) operators across major commercial hubs, including Lagos and Abuja, quoted buying rates around N1,360 to N1,365 per dollar, while selling rates traded between N1,375 and N1,380 per dollar.

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Mahama touts $10bn Big Push programme to drive infrastructure, jobs
business

Mahama touts $10bn Big Push programme to drive infrastructure, jobs

President John Dramani Mahama has touted his administration’s $10 billion Big Push Infrastructure Programme, saying the initiative will accelerate infrastructure development, create hundreds of thousands of jobs and complete stalled legacy projects across the country. Speaking at the 13th Financial Times (FT) Africa Summit in London, President Mahama said the programme would be implemented over five years, with $2 billion allocated annually.

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ECOWAS Energy Ministers to consider battery storage, electricity market regulations
business

ECOWAS Energy Ministers to consider battery storage, electricity market regulations

Energy Ministers of the Economic Community of West African States (ECOWAS) are meeting in Accra to consider two regional instruments on battery energy storage and electricity market regulation. Mr Amin Amidu Sulemani, Commissioner for Infrastructure, Energy and Digitalisation at the ECOWAS Commission, said the instruments would promote a coordinated approach to energy development across the sub-region.

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Mahama holds discussions with UK Foreign Secretary
business

Mahama holds discussions with UK Foreign Secretary

President John Dramani Mahama has held discussions with Mr Ed Miliband, the United Kingdom Secretary of State for Foreign, Commonwealth and Development Affairs in London. A statement issued by Ghana’s Presidency said the discussions centred on strengthening the historic partnership between Ghana and the United Kingdom, with particular focus on expanding trade and investment, promoting sustainable economic growth, and advancing shared global priorities.

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Some of Europe’s highest energy costs expected in Britain this winter
business

Some of Europe’s highest energy costs expected in Britain this winter

Official forecasts show country will meet energy demand by paying high prices to secure imports Great Britain is expected to pay some of the highest energy costs in Europe this winter as its reliance on imports to ensure a steady supply is forecast to deepen. Energy system operators have said the country will have enough gas and electricity to meet demand over the coldest months – in part because of paying higher market prices than neighbouring markets to secure imports.

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GIPA takes investment hunt to districts to unlock opportunities for local firms
business

GIPA takes investment hunt to districts to unlock opportunities for local firms

The Ghana Investment Promotion Authority (GIPA) is mapping investment opportunities across the country’s districts and regions to help local businesses identify new avenues for growth. Its Chief Executive Officer, Simon Madjie, says regional investment roadshows back the initiative and encourage Ghanaian firms to explore opportunities beyond their existing markets.

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State contracts alone won’t build business giants – GIPA CEO
business

State contracts alone won’t build business giants – GIPA CEO

Ghanaian businesses must build lasting strength beyond government contracts to become business giants, the Chief Executive Officer of the Ghana Investment Promotion Authority (GIPA), Simon Madjie, said. Madjie cited Kasapreko as an example of a Ghanaian business that had grown by understanding and developing its value chain.

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