The Ministry of Finance has revealed that the Mahama administration paid about US$393 million in overdue legacy debts to Independent Power Producers (IPPs) in 2025. This was part of a larger US$1.47 billion effort to clear inherited debts, restore investor confidence, and stabilize Ghana’s energy sector. A press release from January 12, 2026, said this….
The Trump administration has said it will send “hundreds more” federal officers to Minneapolis after protests broke out when a US Immigration and Customs Enforcement (ICE) agent shot and killed 37-year-old Renee Nicole Good. Homeland Security Secretary Kristi Noem said the officers would arrive “today and tomorrow” to make sure ICE and Border Patrol agents…
The Ghana Reference Rate (GRR) dropped to 15.68 percent on January 7, 2026, and commercial banks have started lowering interest rates on both new and existing loans. This change comes after a small drop from the 15.9 percent recorded in December 2025, and it is already being seen across the banking sector, especially in loans…
Former President Nana Akufo-Addo praised the New Patriotic Party’s Presidential Election Committee for what he called an impressive and open execution of its duties. This praise came after the committee, led by its chairman Mr. Joseph Osei-Owusu, called on him to present a report on preparations for the party’s presidential primary on Saturday, January 31,…
Investor interest in government bonds grew as the total number of bids received was about 20.41% higher than the target. The Bank of Ghana’s auction results showed that GH¢9.1 billion was accepted against a target of GH¢7.5 billion. The 91-day bill got the most bids, with GH¢6.54 billion offered and GH¢6.53 billion accepted. The 182-day…
The government has secured a US$200 million funding package from the World Bank, with the possibility of scaling it up to US$250 million, to support the conversion of selected Category B and C Senior High Schools into Category A institutions and to expand infrastructure in some existing Category A schools, a move aimed at improving…
Senyo Hosi, an economist and finance analyst, has said that higher gold prices around the world don’t always mean that Ghana will produce more gold because of structural, operational, and regulatory issues. He said in a statement on Wednesday, January 7, that even though gold prices were at an all-time high in 2025, Ghana’s large-scale…
Former PMMC Managing Director Nana Akwasi Awuah has made it clear that the IMF’s report of a $214 million trading loss under the Gold for Reserve program happened in 2025, after he left office, and should not be linked to his time in office. He said that PMMC didn’t lose any money on the Domestic…
Remittances from the UK are still a major source of foreign exchange for Ghana, but Bank of Ghana (BoG) data shows that this corridor is losing steam. In January–September 2024, it made up 28% of total inflows, but by the same time in 2025, it had dropped to 17.5%. At the London–Accra Economic Growth Summit…
To improve consumer protection, strengthen oversight of inward remittances, and protect foreign exchange inflows, the Bank of Ghana (BoG) has set up a new set of rules for International Money Transfer Operators (IMTOs). According to the Guidelines for the Registration and Operations of IMTOs, all businesses that help people send money to Ghana must work…
