business news

Atwima Kwanwoma Community Bank posts GH¢44.2m profit, records prudent lending and recovery growth
business

Atwima Kwanwoma Community Bank posts GH¢44.2m profit, records prudent lending and recovery growth

Atwima Kwanwoma Community Bank PLC has posted a strong financial performance for the year ended December 31, 2025, with profit after tax rising to GH¢44.2 million, representing a 17.33 per cent growth. At its 43rd Annual General Meeting of the Bank, Board Chairman, Kwame Kyei Kusi told shareholders the bank remained resilient, profitable and compliant despite a challenging economic environment.

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GCB Bank partners with UnionPay to launch Ghana’s first RMB debit and prepaid cards
business

GCB Bank partners with UnionPay to launch Ghana’s first RMB debit and prepaid cards

GCB Bank PLC has partnered with UnionPay International to introduce Ghana’s first Renminbi (RMB) debit and prepaid cards, allowing customers to make payments directly in the Chinese currency without intermediate currency conversions. The agreement, formalised at UnionPay International’s headquarters in Shanghai, China, was witnessed by representatives of the Bank of Ghana.

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Malawi delegation studies Ghana’s mining reforms and responsible gold governance
business

Malawi delegation studies Ghana’s mining reforms and responsible gold governance

Malawi is looking to Ghana’s experience in gold production and mining-sector reforms for lessons to strengthen its own mineral governance, with a focus on responsible sourcing, artisanal mining and the financing of mineral-related businesses. The delegation, led by Malawi’s Minister of Mining, Thoko Tembo, met Ghana’s Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, as part of a learning mission supported by the United Nations Development Programme (UNDP).

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NTEL bets on WakaGo to simplify global connectivity for Nigerian travellers
business

NTEL bets on WakaGo to simplify global connectivity for Nigerian travellers

NATCOM Development and Investment Limited, trading as NTEL, is betting on WakaGo, its global eSIM service, to provide a more convenient and affordable alternative. But at the moment, we have released two products, one being an AirFibre B2B product, and number two being WakaGo, a global eSIM product for Nigerians outside Nigeria.

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Bookies fear budget hit but gaming machine self-harm killed off the old-fashioned shops
business

Bookies fear budget hit but gaming machine self-harm killed off the old-fashioned shops

Apparently so, because having successfully persuaded Rachel Reeves to exempt racing from a (modest) hike in betting day in 2025, here we are again, nervously anticipating Wednesday’s budget amid warnings that John Healey could effectively sound the death-knell for high-street betting shops. Healey is widely expected to raise the rate of Machine Games Duty (MGD) in the budget, a move which could, according to some predictions, lead the closure of thousands of high-street shops with significant knock-on effects for racing’s income from off-course gambling.

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Houston’s message to Africa: Innovation must deliver more barrels, lower costs and better returns
business

Houston’s message to Africa: Innovation must deliver more barrels, lower costs and better returns

By Kunle Odusola-Stevenson The future of Africa’s oil and gas industry will not be determined by the resources beneath its soil alone, but by how effectively it deploys technology, attracts investment and translates policy into commercial results. This was a central takeaway from the Society of Petroleum Engineers’ (SPE) Annual Technical Conference and Exhibition (ATCE) 2026, held in Houston, Texas, from October 21 to 23.

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The regime change we need for Thames Water
business

The regime change we need for Thames Water

Terry Barker says nationalisation changes who owns the shares, it does not change the rules, while James Wallace says the powers to intervene already exist. Plus a letter from Philip Clayton Andy Burnham’s instruction to officials to look at all options for Thames Water and not feel constrained (Burnham urges officials to come up with more radical options for Thames Water, 19 October) is welcome, but the options will fail unless they answer the right question.

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Marketability of poetry hasn’t been explored enough – Nana Asaase
business

Marketability of poetry hasn’t been explored enough – Nana Asaase

Ghanaian Poet, literary coach, and writer Philip Boakye Dua Oyinka, popularly known as Nana Asaase, has urged young creatives to explore the commercial potential of poetry, saying the art form offers opportunities beyond stage performances. He made these comments in an interview on The Career Trail programme aired on Joy Learning TV and Joy News.

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DStv unveils four new subscription packages with prices from GH¢50 to GH¢570
business

DStv unveils four new subscription packages with prices from GH¢50 to GH¢570

MultiChoice Ghana has announced four new DStv subscription packages, with monthly prices ranging from GH¢50 to GH¢570, as part of efforts to provide subscribers with more affordable and flexible viewing options. Speaking at the briefing, the Country Chief Executive Officer of MultiChoice Ghana, Alex Okyere, explained that the new packages offer different channel selections, sports coverage and entertainment content to suit subscribers’ budgets and viewing preferences.

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Visa and Mastercard threatened with potential £5bn UK lawsuit over fees
business

Visa and Mastercard threatened with potential £5bn UK lawsuit over fees

Application made for group claim seeking compensation for companies for alleged overcharging on customer card payments Business live – latest updates Visa and Mastercard are being threatened with a potential £5bn lawsuit for allegedly stifling competition and charging UK businesses excessive fees. The law firms Harcus Parker and Hausfeld have lodged an application at the Competition Appeal Tribunal in hopes of pursuing a group claim that would compensate companies who, they claim, have been overcharged on customer card payments since October 2020.

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MIIF, Forestry Commission partner to reforest Subri Forest Reserve
business

MIIF, Forestry Commission partner to reforest Subri Forest Reserve

The Minerals Income Investment Fund (MIIF), with support from Zijin Golden Ridge Limited, Ghana International Bank and three other financial institutions has partnered with the Forestry Commission of Ghana to rehabilitate and restore 50 acres of degraded land in the Subri River Forest Reserve as part of their corporate social responsibility on Environmental, Social and Governance (ESG). Commenting on the initiative, the Chief Executive Officer of MIIF, Justina Nelson, said the project reflects MIIF’s commitment to ensuring that the benefits of Ghana’s mineral resources are pursued alongside…

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Improved traffic flow on Kasoa-Mallam Road is good, but it’s affecting our sales – Hawkers lament
business

Improved traffic flow on Kasoa-Mallam Road is good, but it’s affecting our sales – Hawkers lament

The development follows the commencement of rehabilitation works on the McCarthy-Mallam stretch of the Accra-Cape Coast Highway after weeks of complaints from motorists and commuters. READ ALSO: Commuters welcome McCarthy-Mallam road repairs after Joy SMS appeals One commuter residing at Kasoa Millennium City Estate previously recounted the difficulty of reaching Mallam Junction despite leaving home early.

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Unions suspend planned V&A strike after improved pay offer
business

Unions suspend planned V&A strike after improved pay offer

London sites to remain open as Prospect and PCS agree to ‘Acas-facilitated talks’ with museum management A planned strike at the V&A over half-term has been suspended after an improved offer from its management. The strike would have closed the V&A’s main galleries in south Kensington, as well as V&A East, V&A Storehouse and Young V&A in east London.

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