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Ghana targets financial health with new inclusion strategy for 2027–2031
business

Ghana targets financial health with new inclusion strategy for 2027–2031

Ghana is taking steps to shift its financial inclusion agenda from expanding access to financial services to improving the financial health and well-being of citizens. The Ministry of Finance, in collaboration with the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development, Her Majesty Queen Máxima of the Netherlands, has inaugurated a National Technical Working Committee to spearhead the development of the country’s second National Financial Inclusion and Development Strategy (2027–2031).

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New economy to ensure a stronger economy delivers financial security for Ghanaians
business

New economy to ensure a stronger economy delivers financial security for Ghanaians

Finance Minister Dr Cassiel Ato Forson has said Ghana’s economic progress must translate into greater financial security for its people, describing household wellbeing as a key goal of the New Economy. The Minister made the remarks after hosting Her Majesty Queen Máxima of the Netherlands, whom he congratulated on her Financial Health campaign.

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BT cuts almost 8,000 jobs amid sweeping cost-saving programme
business

BT cuts almost 8,000 jobs amid sweeping cost-saving programme

Telecoms group reports £1.1bn pre-tax profit in six months to end of September and share price touches five-year high Business live – latest updates BT has cut almost 8,000 jobs from its workforce since the end of March, as it pushes ahead with sweeping cost cuts across the business. The telecoms group said its workforce had fallen by 7,731 to 90,000, excluding staff in its international business, which is being spun out in a joint venture with the US telecoms company Verizon.

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Prudential Bank charts new path for growth at post-recapitalisation town hall
business

Prudential Bank charts new path for growth at post-recapitalisation town hall

The halls of Prudential Bank Ltd. came alive last Friday as staff gathered for a much-anticipated Staff Durbar and Town Hall meeting following the recently announced successful recapitalisation of GHS1.13 billion. The Town Hall also provided an opportunity to formally introduce newly appointed members of the Board and the Bank’s Executive Committee (EXCO).

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Debt of poorest countries at record $9.4tn high, World Bank data shows
business

Debt of poorest countries at record $9.4tn high, World Bank data shows

Cost of servicing external debt is preventing developing countries from investing for future Debt owed by developing countries rose to a record $9.4tn (£7tn) last year, with the poorest paying the highest interest rates since the late 1980s, World Bank data shows. The UK government is preparing to champion a “new drive on debt” as part of its presidency of the G20 next year – a move the prime minister, Andy Burnham, has linked to confronting the legacy of slavery.

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Interest rate rise in midst of cost of living crisis will leave many incredulous
business

Interest rate rise in midst of cost of living crisis will leave many incredulous

Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth Bank of England raises interest rates to 4% Business live – latest updates An interest rate rise by the Bank of England to 4% is a big call when households are suffering from a second cost of living crisis in four years. Many people will be incredulous when they hear of the decision to increase the cost of borrowing by 0.25 percentage points, looking around their neighbourhood for signs of a booming economy.

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Bank of England Lifts Rate For First Time Since 2023 To Fight Inflation
business

Bank of England Lifts Rate For First Time Since 2023 To Fight Inflation

The Bank of England raised its benchmark interest rate to four percent on Thursday, the first increase in more than three years, as soaring energy costs push up global inflation. ”Bank of England Governor Andrew Bailey attends the Bank of England Monetary Policy Report press conference at Bank Of England in London on November 5, 2026.

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business

LASCOPA recovers N759m for consumers in six years

By Olasunkanmi Akoni The Lagos State Consumer Protection Agency (LASCOPA) says it has recovered N759.35 million and $14,901.80 in billing adjustments and direct refunds for aggrieved consumers over the past six years. The General Manager of LASCOPA, Afolabi Solebo, disclosed this while reviewing the agency’s activities since his appointment by Governor Babajide Sanwo-Olu on November 5, 2020.

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Emirates Profits Slump 66% On War, Fuel Costs
business

Emirates Profits Slump 66% On War, Fuel Costs

Emirates Group, which operates the region’s biggest airline, announced a 66 percent plunge in first-half profits on Thursday, blaming “unprecedented” disruption and high fuel prices caused by the Middle East war. “Emirates staying profitable, despite the backdrop of a war that has no conclusion is pretty remarkable,” agreed Saj Ahmad, chief analyst at StrategicAero Research.

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FG seeks global investment to develop blue economy
business

FG seeks global investment to develop blue economy

The Federal Government is seeking increased access to international maritime investment, technical expertise and capacity-building opportunities to strengthen Nigeria’s participation in the global shipping industry and unlock the economic potential of its blue economy. Minister of Marine and Blue Economy, Adegboyega Oyetola, made the call while leading Nigeria’s delegation to the 138th session of the International Maritime Organisation (IMO) Council in London.

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business

IMF says Ghana’s 2027 Budget is built on strong foundations

The International Monetary Fund (IMF) has described Ghana’s 2027 Budget as being built on strong foundations, saying its fiscal targets are consistent with the country’s Policy Coordination Instrument (PCI) programme. According to the IMF mission team that reviewed Ghana’s first PCI programme, the budget targets a primary surplus of 0.5% of Gross Domestic Product (GDP) on a commitment basis, supported by revenue measures approved by Parliament in July 2026.

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business

2027 Budget is built on strong foundations – IMF

The International Monetary Fund (IMF) has described the 2027 Budget as being built on strong foundations. According to the IMF Mission team that reviewed Ghana’s first Policy Coordinating Instrument (PCI) programme, the budget targets a primary surplus of 0.5% of Gross Domestic Product (GDP) on a commitment basis, supported by revenue measures already approved by the Parliament in July 2026, which is consistent with the PCI.

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FCT residents seek update on Gwagwa-Airport rail project
business

FCT residents seek update on Gwagwa-Airport rail project

By Gabriel Ewepu ABUJA — Residents along the Gwagwa-Airport railway corridor in the Federal Capital Territory (FCT) have called on the relevant authorities to provide an update on the progress of the rail project, expressing concern over delays in completing some components. Rilwanu also urged the Federal Government and the FCT Administration to provide information on the project’s current status and the expected timeline for completion.

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Bank of England raises interest rates to 4%, the first increase for more than three years
business

Bank of England raises interest rates to 4%, the first increase for more than three years

Decision by MPC a week after the budget comes as Iran war continues to drive up energy costs Business live – latest updates The Bank of England has raised interest rates for the first time in more than three years to combat rising inflation, as the Iran war continues to put upward pressure on energy costs. The widely expected move, which took the Bank’s base rate from 3.75% to 4%, was the first rise since August 2023.

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Ingentia Energies targets 30,000 bopd by 2030, strengthens engagement with NUPRC
business

Ingentia Energies targets 30,000 bopd by 2030, strengthens engagement with NUPRC

By Sebastine Obasi Nigeria’s oil production is set to get a boost as Ingentia Energies Limited has stated its commitment to achieve 30,000 barrels per day by 2030. Mr. Victor Abgaroji, Managing Director/Chief Executive of the Company stated this during a courtesy visit to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) at its headquarters in Abuja.

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UK to hold talks on harms of slave trade
business

UK to hold talks on harms of slave trade

Burnham used his appearance at the Commonwealth Heads of Government Meeting in Antigua and Barbuda to hold discussions about issuing a formal apology for Britain’s role in slavery, which saw about 10-15 million slaves brought from Africa to the Americas over four centuries. Britain’s pivotal part in slavery has long strained relations between the UK and its former colonies, including an awkward previous meeting of Commonwealth leaders in 2024.

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Pound hits highest level since its crash after 2016 Brexit vote
business

Pound hits highest level since its crash after 2016 Brexit vote

Ten-year high shows sterling’s strength against other currencies following fall of dollar after US midterm elections Business live – latest updates The pound has hit its highest level since its crash in the wake of the Brexit referendum a decade ago. Data released by the Bank of England on Thursday showed that the pound reached its strongest level against a basket of other currencies since 23 June 2016 – the day of the EU vote – on Wednesday.

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