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From Survival to Scale: How fintech apps are rewiring Ghana’s MSME economy
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.

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TOR records GH¢1.24bn profit in 2025 after a decade of losses
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.

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CICMG calls for flexible lending conditions to expand credit access
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…

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Toyota Tsusho Manufacturing Ghana invests in new Hilux assembly
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.

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CIB Ghana, GhISP build financial institutions capacity to drive gender-smart
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).

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Anthropic files for US stock market listing with valuation of more than $1.5tn
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.

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‘You need people, not money’ – Expert urges young people to explore agribusiness
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.

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GPHA celebrates industry excellence at 40th Anniversary Awards Night
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…

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EchoHouse founders Beryl and Bright Agyekum-Ayaaba graduate as joint valedictorians
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.

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TOR revival boosts Burkina Faso fuel supply through Ghana to 40% – Kombat
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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business

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.

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TOR clears six-year audit backlog, submits seven financial reports to SIGA
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
business

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.

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TOR records 216% increase in product storage volumes between 2024 and 2026
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.

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TOR says GH¢10bn accumulated losses, US$517m debt confronted under new management
business

TOR says GH¢10bn accumulated losses, US$517m debt confronted under new management

The Tema Oil Refinery (TOR) had accumulated losses of approximately GH¢10 billion and debt of about US$517 million when the current management assumed office in May 2025, Managing Director Edmond Kombat has disclosed. Mr Kombat said TOR owed approximately GH¢200 million to the Ghana Revenue Authority and GH¢20 million to SSNIT, alongside outstanding amounts due to the Electricity Company of Ghana, Ghana Water Company and other creditors.

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TOR targets 55,000 barrels per stream day as F-61 crude heater work continues
business

TOR targets 55,000 barrels per stream day as F-61 crude heater work continues

The Tema Oil Refinery (TOR) is working to increase its crude-processing rate from approximately 28,000 barrels per stream day to between 45,000 and 55,000 barrels per stream day, Managing Director Edmond Kombat has announced. Speaking at the Government Accountability Series at Jubilee House on Monday, October 26, 2026, Mr Kombat said the work was expected to improve the performance of the Crude Distillation Unit (CDU) and move the plant towards its nameplate capacity.

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TOR receives over 5 million barrels of crude after zero receipts in 2024
business

TOR receives over 5 million barrels of crude after zero receipts in 2024

The Tema Oil Refinery (TOR) has received more than five million barrels of crude oil following a period in which it recorded no crude receipts in 2024, Managing Director Edmond Kombat has disclosed. Speaking at the Government Accountability Series at Jubilee House on Monday, October 26, 2026, Mr Kombat said TOR had received several crude cargoes since the recovery programme began, including shipments of Ghanaian indigenous crude.

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TenTrade in Lagos: A conversation about education and the future of trading.
business

TenTrade in Lagos: A conversation about education and the future of trading.

Ahead of TenTrade’s “One Community, One Future” seminar on November 7th, we spoke with Andreas Andreou, Partner & Chief Revenue Officer; Obasi Wilfred, Regional Director, Africa; and Ademola Adeagbo, Head of Education, Africa. Andreas Andreou: If we want a lasting presence in Africa, we need to invest time in meeting people and understanding their expectations.

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From vision to abandonment: Nigeria’s unfinished development, By Dipo Baruwa
business

From vision to abandonment: Nigeria’s unfinished development, By Dipo Baruwa

From vision to abandonment: Nigeria’s unfinished development, By Dipo Baruwa. …addressing Nigeria’s challenge of abandoned projects demands more than increased funding or renewed political rhetoric. By embedding these principles into the country’s development framework, Nigeria stands a better chance of breaking the cycle of unfinished ambitions, both physical and programmatic,

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