business news

24-hour economy foundations laid, jobs next – Ricketts-Hagan

The Member of Parliament for Cape Coast South and a member of Parliament’s Finance Committee, George Kweku Ricketts-Hagan, says the government’s next priority under the 24-hour economy policy is to translate the groundwork already laid into sustainable jobs, particularly for the country’s growing youth population. Speaking to the Ghana News Agency on the sidelines of the recently concluded International Monetary Fund (IMF) and World Bank Group annual meetings in Bangkok, Thailand, Mr Ricketts-Hagan, who is also Board Chairman of the Ghana Revenue Authority (GRA) and a former Deputy Finance…

Paga becomes Africa’s first pilot for Jamaican community tourism initiative

Paga, in the Kassena-Nankana West District of the Upper East Region, has become the first African pilot site for a Jamaican community tourism initiative aimed at turning communities with tourism potential into business and investment destinations. The event brought together a Jamaican delegation led by the Network’s Chairman, Roy Page, and Senior Architect Jason Stone, alongside traditional leaders, residents and members of the Paga Youth Movement.

CBG calls for increased climate finance to scale nature-based solutions in Ghana

Consolidated Bank Ghana (CBG) has identified limited access to finance, grants and donor support as major barriers to scaling up nature-based solutions in Ghana and across Africa. Mrs Ackuaku also disclosed that CBG was preparing to showcase its sustainability activities through an upcoming Sustainability Week celebration, aimed at increasing public awareness of the bank’s work in the sector.

Samartex Timber and Plywood Company reels under galamsey as illegal miners cut into its operations and livelihoods

Samartex Timber and Plywood Company Limited is raising concerns about the increasing threat of illegal mining to its core operations. Head of the Forestry Department at Samartex, Justice Eshun, says Samartex had earlier engaged the services of an expert from Brazil to assess and develop a major eco-project featuring Canopy houses on trees along the Tano Riverbanks.

First HoldCo’s nine-month profit leaps 63% to N744.5 billion

The commercial banking division of the group accounted for 94 per cent of turnover and 87.4 per cent of post-tax profit.

Nigeria NOW! opens its project boardrooms to global investors in Abuja

With Nigeria’s annual mining revenue up more than tenfold to above N70bn, Nigeria NOW! brings global investors to Abuja on 19 and 20 November, where the Minister of Solid Minerals Development is Chief Host.

CBN grants JPMorgan approval-in-principle to establish merchant bank

By Babajide Komolafe The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish a merchant bank in Nigeria, to be known as JPMorgan Merchant Bank Nigeria Limited. JPMorgan Merchant Bank Nigeria Limited must fulfil all applicable regulatory requirements, including incorporation with the Corporate Affairs Commission and completion of the necessary operational and regulatory arrangements, before receiving authorisation to commence business.

Bagalkot banker loses money to online trading scam

President Ruto jets back After COMESA Talks on Trade, AI and Economic Integration

NAIROBI, Kenya, Oct 23 – President William Ruto has returned to the country after attending the 25th Common Market for Eastern and Southern Africa (COMESA) Summit of Heads of State and Government in Harare, Zimbabwe. According to State House, Ruto handed over the chairmanship of the 21-member regional trading bloc to Zimbabwean President Emmerson Mnangagwa during the two-day summit.

Petra Pension Schemes record returns of up to 15.63%

Speaking at the Petra Master Trust Scheme Annual General Meeting, Head of Portfolio Management and Operations, Yvonne Buliga, said the Petra Opportunity Pension Scheme returned 15.63%, while the Petra Advantage Pension Scheme recorded 15.27%. The Petra Advantage Pension Scheme recorded growth of about GH¢800 million, bringing its net asset value to just under GH¢4 billion, while the Petra Opportunity Pension Scheme grew by approximately GH¢544 million to GH¢2.64 billion.

CBN outlines market infrastructure supporting Nigeria–China financial flows at Beijing investor forum

Umeano highlights fixed-income market development and arrangements as banking executives discuss cross-border payment connectivity

New tax laws: Commercial drivers still face multiple highway taxes — NURTW

…Tax Ombud pledges fairness, transparency in tax administration By Emma Ujah, Abuja Bureau Chief Commercial drivers across Nigeria are still being subjected to multiple highway taxes despite the Federal Government’s tax reforms aimed at eliminating the practice, the National Union of Road Transport Workers (NURTW) has said. “A driver travelling from Calabar to Kano will spend as much as ₦300,000 on the road before he can get to his destination because of the various people on the road collecting various types of taxes,” Danzaki said.

6th iNTTA Expo ends with focus on 24-hour economy and youth-led entrepreneurship

A cultural performance by the Central Regional Centre for National Culture is also scheduled before the policy keynote address by Augustus Obuadum Tanoh, Presidential Adviser to Ghana’s 24-Hour Economy Authority. Mr Tanoh is expected to address the role of the policy in tourism development, while a subsequent fireside chat will examine how extended business hours, investment, youth entrepreneurship, local supply chains, safe digital experiences and partnerships across Africa can support Ghana’s economic transformation.

2026 Luv FM-Republic Bank Habitat Fair launched to offer homeownership solutions in Kumasi

The 2026 edition of the Republic Bank Luv FM Habitat Fair has been launched in the Ashanti regional capital, Kumasi, with a target of making homeownership accessible to the average Ghanaian. Relationship Manager at Luv FM and Nhyira FM, Maxwell Frimpong Manso, says the fair has become an established initiative in Kumasi, providing practical solutions to challenges associated with building and owning homes.

Higher sales lift Guinness Nigeria’s nine-month profit 53% to ₦40.7 billion

Profit after tax stood at ₦40.7 billion, up from ₦26.6 billion a year ago, as third-quarter profit accounted for 37.8 per cent or ₦15.4 billion of the earnings posted in the period.

Oil prices extend rally to near six-month high amid Houthi attacks on Saudi Arabia

Brent crude futures touched an intraday high of $114.94 a barrel on Friday after Houthi attacks on Saudi Arabia’s civilian and energy infrastructure, with India’s crude basket averaging $120.08 so far this month; Adani Total Gas raised CNG prices by ₹4.45 per kg

Casualties feared as multi-storey building collapses in Nairobi

A multi-storey building collapsed mid-construction in the Kenyan capital on Friday, the Red Cross said, with reports from local media of casualties and looting at the site. “At around 1340 hours, a multi-storey building under construction collapsed on 9th Street in Eastleigh, Nairobi,” the Red Cross posted on X, adding that it had dispatched a team.

Telegraph cuts 100 jobs as new owner promises to turn paper into ‘AI-powered’ global business

Redundancies come after paper was bought in June by European media group Axel Springer The new owners of the Daily Telegraph have made large numbers of staff redundant, telling them the title will be transformed from a newspaper “into a global, AI-powered premium media and intelligence business”.

Zuckerberg wins Meta deal to help him foot bill for possible California billionaire tax

The Meta boss had said he would exit the state over a wealth tax that has not yet come into force.

CPA marks 20 years without consumer protection law in Ghana, urges passage of bill by December

The Consumer Protection Agency (CPA) has renewed calls on the President and Parliament to pass Ghana’s long-awaited Consumer Protection Bill before the end of 2026, warning that the absence of a comprehensive law continues to leave consumers vulnerable to unfair business practices, substandard products and poor services. The agency said it had also worked with regulatory bodies, including the Food and Drugs Authority (FDA), Ghana Standards Authority (GSA) and Public Utilities Regulatory Commission (PURC), on initiatives to improve product safety and consumer welfare.

Fake business listings: How Ghanaians can check who they are paying

Ghana’s Cyber Security Authority (CSA) has warned that fraudsters are placing fake business listings on search engines and online maps. The warning comes ahead of Ghana’s National Cyber Security Awareness Month in October.

The young Americans choosing Y2K cars over shiny new SUVs: ‘I get so much crap from people’

People under 35 are hunting for no-frills rides they can pay for in cash and fix themselves – defying expectations to take on steep loans Jack Price joined the marines in fall 2021 knowing he would need a car to get around base and that he couldn’t afford a new one. A joyless, month-long search through dealer classifieds and Facebook Marketplace listings ended when his mother spotted a 2010 Volkswagen Jetta posted on her office listserv by a co-worker moving abroad.

Forms Capital wins CIMG Marketing-Oriented Finance House of the Year, 2025

Forms Capital Limited has been adjudged Marketing-Oriented Finance House of the Year, 2025 at the Chartered Institute of Marketing, Ghana (CIMG) Commenting on the achievement, Ishmael Abbey, Head of Business Development at Forms Capital Limited, said: “We are honoured to receive this recognition from the Chartered Institute of Marketing, Ghana.

Panama pitches its maritime network to Tamil Nadu businesses