business news

Ghana to review laws to implement Accra Convention – Ofosu-Adjare

The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, says Ghana will review its laws to facilitate the implementation of the Accra Convention on Negotiable Cargo Documents, a move expected to improve businesses’ access to trade financing. She said Ghana would work with institutions including the Ghana Shippers Authority, the Ghana Ports and Harbours Authority, the Customs Division of the Ghana Revenue Authority and commercial banks to pilot the use of negotiable cargo documents.

‎NCGC unlocks N64bn credit, vows to end collateral barrier for viable businesses

Johnbosco Agbakwuru ‎ABUJA– THE National Credit Guarantee Company Limited (NCGC) on Tuesday said its guarantees have already unlocked ₦64.13 billion in loans for 174,495 borrowers nationwide, as it intensifies efforts to dismantle the collateral barriers that have long shut viable Nigerian businesses out of formal credit. ‎‎Okhaimo, who was accompanied by the Executive Director, Risk Management, Professor Ezekiel Oseni, and Executive Director, Strategy and Operations, Mrs. Tinuola Aigwedo, among others, explained that the company had deployed N30.19 billion in credit guarantees to unlock the…

Unpaid carers say chancellor’s plan to scrap allowance cliff edge falls short

Digital taper system for benefit expected in budget, but those already hit with overpayments will still have to pay “On the surface it sounds really positive – and I really hope that it is,” says unpaid carer Guy Shahar of the government’s decision to abolish the notorious carer’s allowance cliff edge. And he notes that the cliff edge remains in place for four more years, potentially catching out more carers.

MoMo Fest 2026 promotes cashless shopping and digital financial inclusion in Kumasi

MoMo Fest 2026 has brought digital payments to traders and consumers at the Baba Yara Sports Stadium in Kumasi, allowing festival-goers to purchase food, clothing and other goods using mobile money. MTN Kumasi Territory Sales Controller, Samuel Owusu Baah, said the festival was designed to extend financial services to people at the grassroots level by making digital payments more accessible to traders and consumers.

T.N. govt. revises housing loan limits for urban cooperative banks and credit societies

revises housing loan limits for urban cooperative banks and credit societies. The maximum individual loan limit for UCCSs has been raised to ₹60 lakh for societies with deposits below ₹100 crore and ₹1 crore for those with deposits exceeding ₹100 crore

No extension for manufacturers: EPA on January 1, 2027 styrofoam and single-use plastics ban

The Environmental Protection Authority (EPA) has rejected calls by local manufacturers and importers for an extension of the January 1, 2027 deadline for the nationwide ban on polystyrene foam (styrofoam) products and selected single-use plastics. Providing further details on the scope of the ban, the EPA’s Director of Sustainable and Circular Economy, Larry Kotoe, said polyethylene terephthalate (PET) plastic bottles would be excluded from the immediate ban because of their distinct polymer structure and recycling potential.

Budget 2026: six charts that reveal the economic realities facing the chancellor

From tackling the youth jobs crisis to repairing Brexit’s economic damage, John Healey has his work cut out for him John Healey will deliver his first budget on Wednesday as UK households and businesses come under pressure from the unfolding economic shock caused by the war in the Middle East. Against a febrile backdrop in global markets, the chancellor is facing a delicate balancing act to provide “breathing space” measures to ease the cost of living crisis while increasing growth and sticking to the fiscal rules.

Uganda Airlines begins scheduled flights to Accra

Uganda Airlines has commenced scheduled commercial flights to Accra, introducing a new travel option between West and East Africa and raising prospects for improved regional connectivity, trade, investment and tourism. Chief Executive of Uganda Airlines, Girma Wake, said the airline’s operations in Ghana would strengthen air connectivity between West and East Africa, making travel between the regions more accessible.

GRASAG president to join World Bank-backed Africa development conference in Italy

The World Bank Group has invited the President of the Graduate Students Association of Ghana (GRASAG), Richard Class-Peters, to participate in an international conference in Italy focused on skills development, job creation and Africa’s economic growth. The invitation was extended by Nancy Lozano Gracia, Head of the World Bank Group’s Rome Center.

High inflation explained, from cause to possible cure

If you are feeling the squeeze at the check-out, official data confirms what your receipt likely shows: prices keep rising. Here are the reasons behind it.

Business Council names Victoria worst state for business, again

South Australia tops the list of most business-friendly states, according to the Business Council of Australia.

Ghana’s Interior Ministry tops government performance index as Trade Ministry ranks last

A new assessment of 23 government ministries in Ghana has ranked the Ministry of the Interior first for institutional performance, while the Ministry of Trade, Agribusiness and Industry placed last, highlighting concerns over public service delivery, workforce efficiency and financial management. Interior Ministry leads the rankings The Ministry of the Interior emerged as the strongest performer, scoring 80.26%.

The chancellor’s pet PuFins have an important role – but they need more scrutiny

An Office for Budgetary Responsibility for public financial institutions like the National Wealth Fund and the British Business Bank is starting to look essential Two winners in the budget are known already. They are the National Wealth Fund (NWF) and the British Business Bank (BBB), state-funded investment bodies that have rapidly become central to the government’s growth strategy.

Ruto heads to Russia to pursue new markets, investment for Kenya

NAIROBI, Kenya, Oct 27— President William Ruto is heading to Moscow, Russia, to pursue expanded markets for Kenyan exports, attract investment and secure partnerships in manufacturing, agriculture and technology as Kenya seeks to diversify its international economic ties. “As the AU champion on the African Continental Free Trade Area, the President will seek greater market access for African tea, coffee, cut flowers, fresh produce and value-added products,” State House Spokesperson Hussein Mohamed said in a statement issued Tuesday.

Proposed gas pipeline will cut costs, boost South-East economy — Tinubu

By Chinedu Adonu ENUGU – President Bola Tinubu has said the proposed South-East Gas Distribution Pipeline Project will reduce energy costs, boost industrialisation and create jobs across the five states of the region. Tinubu, represented by Deputy Speaker of the House of Representatives, Benjamin Kalu, spoke yesterday at the South-East Gas Infrastructure Investment and Project Development Ceremony in Enugu.

Same Tax, Collected When You Pay: Bringing fairness to VAT on foreign digital services

VAT on digital services sold to Ghanaians by companies based abroad has been part of Ghana’s VAT law since 2022, following the amendment of the Value Added Tax Act, 2013 (Act 870) by the Value Added Tax (Amendment) Act, 2022 (Act 1082), and the Authority has been collecting it since then. Until now, the Authority has relied largely on the foreign companies themselves to declare their sales in Ghana and pass the VAT on to us.

VIDEO: Sanwo-Olu surprises wife, Ibijoke with flowers, shares kiss

Lagos State Governor, Babajide Sanwo-Olu, on Tuesday surprised his wife, Ibijoke, with flowers and a kiss at the 26th COWLSO National Women’s Conference.

GTCO posts 12% drop in nine-month profit amid soaring costs

The financial services group posted an improvement in interest income, its major source of revenue, but faced increased pressure from interest expense, which jumped 27.7 per cent year on year.

PenCom urges SMEs to remit workers’ pensions, plan for retirement

He said many business owners devoted their most productive years to building their enterprises, reinvesting earnings and supporting their families but paid little attention to their own retirement.

SC says ‘economic policy’ cannot take precedence over lives as Centre backs ‘calibrated’ drug-price controls

Petitioners flag disproportionate margins and seek stricter enforcement of price controls; Centre says ‘complete govt. control‘ of pharma sector will adversely affect the market

Indonesia seeks deeper Kenya trade ties as bilateral trade hits $690m

Indonesia seeks deeper Kenya trade ties as bilateral trade hits $690m. NAIROBI, Kenya, Oct 27— Indonesia is seeking to expand its $690 million trade relationship with Kenya through new investments in healthcare, manufacturing and industrial development, with both countries identifying pharmaceutical cooperation as a key area for deeper economic ties. Duale also highlighted regulatory cooperation between Kenya’s Pharmacy and Poisons Board and Indonesia’s National Agency of Drug and Food Control, saying it would support access to quality generic medicines by combining Indonesian pharmaceutical…

As rice prices spike, traders warned against creating artificial shortage

FarmYield and GIZ launch agricultural project to empower over 200 women and youth in Northern Ghana

Now, FarmYield Ghana and GIZ are expanding their collaboration through a new initiative that will train another 40 women in tractor operation and provide agricultural production and business development opportunities to more than 160 young people and farmers in northern Ghana. Speaking at the signing ceremony, Board Chairman of FarmYield Ghana, Yaw Agyare, said the initiative was designed to ensure that beneficiaries acquired not only practical skills but also opportunities to translate those skills into sustainable livelihoods.

The Siren No One Hears: How traffic stole 20minutes of firefighters’ time in Tamale

The incident highlights a major challenge facing the Ghana National Fire Service (GNFS) in Tamale and other emergency services, including the National Ambulance Service. Yet, on the roads around Dohinaa Yili, Kalpohin, Lamashegu and Sagnarigu, enforcement appears inadequate.