Author: GN Reporter
Ghana has successfully concluded the final phase of its extensive external debt restructuring programme, marking a critical achievement in its economic recovery trajectory. The Ministry of Finance has confirmed the completion of the exchange of outstanding SADEREA Notes, a pivotal step that resolves the last remaining component of the country’s sovereign bonded debt obligations. The exchange was executed on July 13, 2026, with an effective value date of July 10, 2026, according to a formal statement released by the Ministry of Finance and shared with the Ghana News Agency. This development is hailed as a major milestone in Ghana’s broader…
Ghana’s Parliament has taken a landmark decision by ratifying a 150-year lease extension for Regina House, the country’s diplomatic mission in London. The agreement, which secures the property’s use as the Ghanaian High Commission for the next century and a half, marks a significant milestone in the nation’s diplomatic and real estate strategy. The move has been widely celebrated as a testament to Ghana’s commitment to maintaining a strong presence in the United Kingdom while preserving a piece of its historical and cultural legacy. A Century and a Half of Diplomatic Legacy Regina House, located at 10 Carlton Gardens in…
The Northern Business Fair 2026, scheduled for July 25–26 at Jubilee Park, Tamale, is poised to emerge as one of Ghana’s most transformative business events, offering an unparalleled platform for entrepreneurs, innovators, and industry leaders to showcase their products, services, and creative solutions. Beyond its regional focus, the fair is designed to amplify the visibility of Ghanaian businesses nationwide, fostering economic resilience, job creation, and cross-sectoral collaboration. In an exclusive interview on Channel One TV’s Breakfast Daily, Frema Adunyame, a prominent business strategist and advocate for Ghanaian enterprise, underscored the critical importance of this event for the nation’s economic future.…
The Bank of Ghana (BoG) has officially revoked the Dedicated Electronic Money Issuer (DEMI) license of Zeepay Ghana Limited, effective immediately as of July 14, 2026. The decision, announced in a formal statement, was made under Section 13 of the Payment Systems and Services Act, 2019 (Act 987), citing multiple regulatory breaches and systematic non-compliance with financial directives. The central bank emphasized that Zeepay’s failures pose a significant risk to the stability of Ghana’s payment ecosystem, undermining the interests of both users and service providers. Key Reasons Behind the License Revocation The BoG highlighted several critical violations that necessitated the…
A bold new voice has emerged in Ghana’s political landscape as Nana Agyeiwaa Baffoe-Bonnie Michaels, a 22-year-old law student affectionately known as Okordie, officially declared her candidacy for the Manhyia South parliamentary seat in the 2028 general elections. Her announcement, made at a high-profile press conference held at the Base Movement Ghana’s Ashanti Regional Office in Kumasi, signals a generational shift in the constituency’s political trajectory, with a focus on youth empowerment, accountability, and transformative leadership. A Fresh Perspective Born from Firsthand Experience Ms. Michaels’ decision to contest the seat was not made lightly. She articulated her motivation during the…
The Ghanaian cedi experienced a modest decline against the US dollar, British pound, and euro during the trading week ending July 9, 2026, according to the latest data released by the Bank of Ghana (BoG). While the depreciation was relatively minor, it marked a gradual weakening of the local currency over the four-day period, with the most significant fluctuations occurring between July 7 and July 8. Key Exchange Rate Movements The interbank exchange rate figures reveal a consistent trend of depreciation across major foreign currencies: US Dollar (USD) The buying rate for the US dollar increased from GH¢11.3838 on July…
Ghana has reached the final critical stage of its external debt restructuring negotiations, marking a pivotal moment in the country’s economic recovery strategy. The Ministry of Finance has confirmed that the government is now engaged in finalizing key terms with creditors, including bilateral lenders, multilateral institutions, and private sector stakeholders, as part of a broader effort to restructure approximately $13 billion in outstanding external debt. A Strategic Shift Amid Economic Challenges The move comes as Ghana grapples with persistent fiscal pressures, including rising debt servicing costs, currency depreciation, and inflationary pressures that have strained public finances. The International Monetary Fund…
The Volta Basin, a transboundary water resource spanning Ghana, Burkina Faso, Togo, Côte d’Ivoire, and Benin, stands as a cornerstone of economic stability, energy production, and agricultural productivity for millions across West Africa. To ensure its long-term sustainability, stakeholders from Ghana and Burkina Faso, alongside international partners, convened in Accra for the Second National Stakeholder Workshop on the Water-Energy-Food (WEF) Nexus under the EPIC Africa Project. This three-day event, organised by the University of Energy and Natural Resources (UENR) in collaboration with Delft University of Technology (TU Delft), brought together policymakers, researchers, and industry leaders to explore innovative governance models…
A landmark decision by Ghana’s High Court has cleared the path for the Ghana Shippers Authority (GSA) to enforce a maximum cap on container handling fees, a move that could significantly ease the financial burden on importers and exporters in the country. The ruling, delivered in response to a legal challenge by industry stakeholders, has been widely interpreted as a victory for regulatory transparency and cost control in Ghana’s port operations. The Legal Battle and Its Implications For months, the GSA had proposed a new fee structure aimed at capping the charges levied on container handling at Ghana’s major ports,…
The global economy has demonstrated remarkable resilience in the face of cascading shocks, including geopolitical conflicts, soaring inflation, and uneven growth trajectories, according to the latest assessment by the International Monetary Fund (IMF). In a detailed briefing held in Washington, D.C., IMF Communications Director Julie Kozack underscored that while the world economy has weathered multiple crises—most notably the Middle East conflict—projections for 2026 and 2027 remain cautiously optimistic, albeit with elevated uncertainties. A Balancing Act: Supply Shocks vs. Technological Demand Surges Kozack highlighted a dual economic dynamic shaping current global trends: negative supply shocks—primarily driven by geopolitical disruptions—have elevated prices…