business
Economic pain collides with regulatory changes for small businesses
More businesses are falling behind on payments as operators face policy changes, inflation and interest rate rises.
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business
Will Donald Trump or AI blow up financial markets first?
Technology and artificial intelligence have enthralled investors, and Australia's super funds have dived in with their ears pinned back. But now comes the reckoning.
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.
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.
business
Invest In Training, Boost Production To 3m/b Per Day, PETAN Urges Indigenous Oil Firms
The Petroleum Technology Association of Nigeria (PETAN) has urged indigenous oil and gas companies to invest in training young Nigerians and strengthening technical capacity to support the country’s ambition of producing three million barrels of crude oil per day. The PETAN boss warned that experienced Nigerian professionals were increasingly being recruited by countries in the Middle East, including Qatar, Saudi Arabia and Kuwait, making local training investment more urgent.
business
Republic Bank Ghana wins climate finance award at WSBI-ESBG SDG Awards in Bangkok
Republic Bank (Ghana) PLC has received recognition in the Climate Finance category at the WSBI-ESBG SDG Awards in Bangkok, Thailand, which happened alongside the 2026 IMF Annual Meeting, for its investment in water projects across four locations in Ghana. The award was for the Bank’s contribution to Sustainable Development Goal 6, Clean Water and Sanitation, through mechanized borehole projects at Adidome Senior High School and Taviefe Senior High School in the Volta Region, Pwalugu in the Upper East Region, and Dingoni in the Northern Region.
business
Nigeria needs 9% annual growth to reduce poverty – Soludo
Governor Chukwuma Soludo of Anambra says Nigeria needs an annual economic growth of at least nine per cent to significantly reduce poverty and create jobs. He made the assertion at the Nigerian Economic Summit 32 (NES32) with the theme “Growth that Works: Delivering Jobs, Productivity and Shared Prosperity” in Abuja on Monday.
business
From Survival to Scale: How fintech apps are rewiring Ghana’s MSME economy
With a $4.8 billion financing gap and over 90% of small businesses locked out of formal credit, a new generation of Ghanaian fintech platforms is building the digital rails that keep the economy’s backbone moving, and iSmart and Korba are showing how it’s done. Meanwhile, its Customer Engagement Solutions (CESI) platform, which includes tools like Digitalk, CPaaS, and Grow, empowers telecoms, enterprises, and SMEs to manage and engage over 4.5 million subscribers across Africa, turning one-way transactions into ongoing commercial relationships.
business
TOR records GH¢1.24bn profit in 2025 after a decade of losses
The Tema Oil Refinery (TOR) recorded a profit before tax of GH¢1.24 billion in 2025, marking its first return to profitability in a decade, Managing Director Edmond Kombat has disclosed. Mr Kombat said management was also pursuing a financial restructuring programme, including independent assessments of liabilities and discussions with the Ghana Revenue Authority, SSNIT and other creditors to establish sustainable repayment arrangements.
business
CICMG calls for flexible lending conditions to expand credit access
The Chartered Institute of Credit Management, Ghana (CICMG), is calling for more flexible lending conditions, increased credit capital and stronger financial literacy programmes to improve access to finance for small and medium-sized enterprises (SMEs) and informal-sector operators. Meanwhile, General Manager of Emmanuel Cooperative Credit Union, William Atta-Pearce, says credit unions can help address financing gaps among rural borrowers who struggle to meet conventional bank collateral requirements.
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business
Afreximbank records net income growth of 24% to US$813.5m; assets and contingencies exceed US$54.1bn
African Export-Import Bank (Afreximbank) and its subsidiaries (the “Group”) delivered a satisfactory financial performance for the nine months ended 30 September 2026, demonstrating resilient growth, sound asset quality and continued support for trade and economic development across Africa and the Caribbean Community (CARICOM). Commenting on the results, Denys Denya, Afreximbank’s Senior Executive Vice President, said, “This performance underscores Afreximbank’s ability to deliver strong and sustainable performance while continuing to fulfil its development mandate across Africa and the…
business
Toyota Tsusho Manufacturing Ghana invests in new Hilux assembly
Toyota Tsusho Manufacturing Ghana has launched the ninth-generation Hilux and the new Land Cruiser FJ, with fresh investment in local assembly operations expected to support the company’s market expansion and contribute to the development of Ghana’s automotive industry. Speaking at the launch, Head of Sales Operations at Toyota Tsusho Manufacturing Ghana, Andrew Lamptey, says the company has invested in new equipment and workforce training to facilitate the assembly of the latest Hilux model in Ghana.
business
CIB Ghana, GhISP build financial institutions capacity to drive gender-smart
Chartered Institute of Bankers, Ghana (CIB Ghana), in partnership with the Ghana Investment Support Programme (GhISP), held a two-day workshop for the SME portfolio managers from banks across Ghana. About CIB Ghana Chartered Institute of Bankers, Ghana (CIB Ghana) is the professional body for the practice of banking in Ghana, established under the Chartered Institute of Bankers, Ghana Act, 2019 (Act 991).
business
Anthropic files for US stock market listing with valuation of more than $1.5tn
Market debut of AI company behind Claude chatbot will be one of largest in US history, a test of its financial viability Anthropic has publicly filed for a stock market listing, one of the largest debuts in history. The company’s float on the US market is likely to be a high-water mark in the multitrillion-dollar AI boom and a test of its financial viability.
business
Has Pakistan reopened its border with Iran for trade?
Traders say some exports are crossing border after a weeklong halt, but Tehran says its cargo is not getting through.
business
‘You need people, not money’ – Expert urges young people to explore agribusiness
Executive Director of the Centre for Climate Change & Food Security (CCCFS) and Director of WAJESHA, Engr Mahmud Mohammed-Nurudeen, says he has trained, advised and guided nearly 300 people in 2026 alone to consider opportunities in the agricultural sector. “Sometimes, you don’t need money at the first point; you need people,” he told participants at an Agribusiness Incubation Workshop organised by residents of Jacob Jonas Nortey Hall at Valley View University’s Oyibi campus on Friday, 23 October 2026.
business
GPHA celebrates industry excellence at 40th Anniversary Awards Night
The Ghana Ports and Harbours Authority (GPHA) has honoured outstanding customers, stakeholders and individuals for their contributions to the growth of Ghana’s maritime industry at a special Industry Awards Dinner held on Friday 23rd October, 2026 as part of activities marking the Authority’s 40th Anniversary celebration. The Chairman of the GPHA Board of Directors of GPHA, Johnson Asiedu Nketiah in his remarks, said the awards ceremony provided an opportunity to celebrate the individuals and institutions whose commitment, professionalism and partnership have contributed significantly to the…
business
EchoHouse founders Beryl and Bright Agyekum-Ayaaba graduate as joint valedictorians
Nearly two decades after turning a university magazine into EchoHouse, a marketing agency operating in eight countries, married founders Beryl Agyekum-Ayaaba and Bright Mamud-Ayaaba have reached another milestone in their journey together, graduating as joint valedictorians from a Master of Business Creation programme. Beryl serves as Founder and Chief Executive Officer of Echo House Ghana Limited.
business
Four Hours of Horror: How market day became a massacre in Taraba community
The Taraba State Police Command said the death toll had risen to 58, including 15 people who drowned while fleeing in an overloaded canoe
business
TOR revival boosts Burkina Faso fuel supply through Ghana to 40% – Kombat
The share of Burkina Faso’s petroleum product movements through Ghana has increased from 15 per cent in 2024 to 40 per cent, as the Tema Oil Refinery (TOR) and other petroleum sector institutions strengthen Ghana’s role as a regional fuel supply hub. “TOR’s close working relationship with NPA, BOST and other Petroleum Service providers has ensured Burkina Faso’s National Oil Company has increased its petroleum products movement through Ghana from 15% in 2024 to 40% as at today,” he said.
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Aggregate spending on infrastructure across Ghana, 3 others to increase to $96bn in 2050 – PwC Global Infrastructure Outlook
Africa will experience the fastest annual growth in infrastructure spending of any region over the 25-year forecast period, according to PwC Global Infrastructure Outlook 2026. Aggregate annual spending across Ghana, Kenya, Nigeria, and South Africa is projected to increase from $54 billion in 2024 to $96 billion in 2050, a 77% increase.
business
TOR clears six-year audit backlog, submits seven financial reports to SIGA
The Tema Oil Refinery (TOR) has cleared its backlog of audited financial statements covering 2019 to 2024, bringing an end to six consecutive years without completed audited accounts, Managing Director Edmond Kombat has announced. Speaking at the Government Accountability Series at Jubilee House on Monday, October 26, 2026, he said the company had submitted seven audited financial reports to the State Interests and Governance Authority (SIGA), restoring its financial reporting obligations to date.
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TOR recovery creates 1,657 permanent and temporary jobs, and over 6,500 indirect jobs – Kombat
The recovery of the Tema Oil Refinery (TOR) has created 1,657 permanent and temporary jobs, with more than 6,500 indirect and temporary workers also engaged during turnaround maintenance, Managing Director Edmond Kombat has disclosed. Mr Kombat said the planned expansion of TOR would support additional economic opportunities as Ghana sought to increase domestic refining capacity.
business
TOR records 216% increase in product storage volumes between 2024 and 2026
The Tema Oil Refinery (TOR) has recorded a 216.19 per cent increase in product storage volumes between 2024 and 2026, as management intensifies efforts to restore the refinery’s commercial operations and strengthen its role in Ghana’s petroleum supply chain. He said the refinery’s recovery had been supported by collaboration with institutions including the National Petroleum Authority, the Ghana National Petroleum Corporation, GOIL and the Bulk Oil Storage and Transportation Company.