26+ min ago (211+ words) The Ghana Small Scale Oil Palm Producers Association, GOPPA, is applauding the 2026 Budget, describing it as a transformational turning point for the country's oil palm industry. GOPPA says the launch of the National Policy on Integrated Oil Palm Development backed by a GH6.9 billion budget allocation and a US$500 million long-term finance window marks the strongest commitment yet to industrialise Ghana's "Red Gold" sector. In a statement signed by "Kojo Obeng Berkoh, Executive Secretary of GOPPA, the Association noted that the new policy outlines major interventions, including the establishment of 100,000 hectares of new plantations, the creation of over 250,000 jobs, and expanded support for downstream processing and value addition. The Association further praised the concessional US$500 million financing window, describing its five-year moratorium and long repayment structure as critical for a crop with a seven-year maturity cycle. It also lauded efforts to…...

37+ min ago (271+ words) The National Democratic Congress (NDC) in the Prestea Huni-Valley Constituency has congratulated the newly constituted Board of Sankofa Gold Company Limited, describing the move as a significant step toward strengthening Ghana's mining governance and ensuring that the nation's mineral wealth benefits ordinary citizens. In a statement, the constituency expressed particular pride in the appointment of Hon. Emmanuel Nii Ashie Moore as Board Chairman. The NDC lauded him as a dedicated public servant whose leadership and extensive experience in governance have earned respect across the country. According to the constituency, Hon. Ashie Moore's "political maturity, integrity, and unwavering commitment to national development" make him well positioned to steer Sankofa Gold Company toward greater transparency, operational efficiency, and strategic growth. The party also congratulated the other members of the newly appointed Board, Kwame Ntow Amoah, Hajia Amina Adam, and Alhaji Ishaq Dauda…...

1+ hour, 10+ min ago (305+ words) Association of Ghana Industries (AGI) Presidential hopeful Ralph Ayitey is proposing a significant reduction in Ghana's over-$2 billion food import bill by through a stronger consumer preference for locally produced foods. He maintains that a strong domestic demand base can help reduce import dependence and stabilize the sector. Ghana's annual food import bill now exceeding $2 billion continues to mount pressure on foreign exchange reserves and deepen the country's broader economic vulnerabilities. Industry watchers warn that without a decisive shift toward local consumption, the strain on the economy will persist. AGI Presidential hopeful and Chief Executive Officer of Coconut Grove Hotels, Ralph Ayitey, in an interview with Citi Business News argued that increasing patronage of Ghana-made food products offers a viable pathway to easing the burden. "It is very important that we try as much as possible to reduce the 2-2.5 billion…...

2+ hour, 10+ min ago (410+ words) Ghana's ability to fight corruption is being "severely weakened" by chronic underfunding of its key accountability institutions, according to the 2025 IMF Governance Diagnostic Report that warns the country's anti-corruption architecture is approaching a breaking point. The report conducted in September 2023 according to the IMF reveals that major institutions, including the Office of the Special Prosecutor (OSP), the Economic and Organised Crime Office (EOCO) and the Commission on Human Rights and Administrative Justice (CHRAJ), routinely receive less than half of the budget approved for them by Parliament. As a result, the agencies responsible for investigating corruption, prosecuting financial crimes, safeguarding public funds and protecting whistleblowers are operating without the basic resources needed to function. The report points out that although budgetary allocations are approved annually, actual releases from the Ministry of Finance fall far below those figures " leaving institutions unable to…...

3+ hour, 32+ min ago (227+ words) According to him,several parts of the economy have performed better than expected, showing that growth momentum is now more widely distributed rather than driven by only a few industries. Speaking at the opening of the 127th Monetary Policy Committee meeting on 24th November, 2025, Dr. Asiama said economic activity has strengthened significantly this quarter, with growth becoming broader and more stable across multiple sectors. "What stands out this quarter is the broad momentum in economic activity. Growth has been stronger and more diversified than anticipated," he said. Dr. Johnson Asiama stressed that the progress is the result of deliberate policy actions. He pointed to sustained fiscal discipline, a cautious but firm monetary policy approach, and structural reforms, especially in FX operations and rebuilding external buffers. He further noted that the 2026 Budget strengthens this discipline and places growth and job creation at the…...

3+ hour, 40+ min ago (260+ words) Deloitte Ghana is warning that the Bank of Ghana's push to cut non-performing loans to 10% by end-2026 is ambitious and will demand aggressive recovery actions from banks, despite recent improvements in asset quality. The auditing firm in its post 2026 budget presentation analysis says the sector's ability to meet this target will be a defining test for Ghana's financial stability. The caution comes as the NPL ratio has already fallen from 22.8% in 2024 to 20.4% by September 2025, helped by a stronger cedi, write-offs, recoveries and moderate credit growth. Under the central bank's new NPL reduction guidelines, regulated financial institutions are expected to submit board-approved strategies detailing how they intend to manage and reduce bad loans over the period. Deloitte also highlights a sharp easing in credit conditions, with average lending rates dropping from 30.6% in 2024 to 22.7% in 2025, and expects further declines as macroeconomic conditions…...

3+ hour, 48+ min ago (364+ words) Fitch Solutions is forecasting that the Bank of Ghana (BoG) will cut its monetary policy rate to 16.50% by the end of 2026, supported by continued currency stability and a steady decline in inflation. Speaking at the 2026 PricewaterhouseCoopers (PwC) Post-Budget Forum in Accra, Mike Kruiniger, Assistant Director at Fitch Solutions, noted that Ghana's strengthening macroeconomic environment provides scope for further monetary easing in the coming year. He highlighted that the BoG has already initiated an aggressive easing cycle. "Rates have remained elevated, but the Bank of Ghana launched a decisive easing cycle this summer, cutting by 650 basis points so far " the fastest monetary easing cycle globally this year," he said. Kruiniger added that with inflation now back within the central bank's target band"supported by robust foreign exchange inflows and a relatively stable currency"Fitch expects the benchmark policy rate to be…...

3+ hour, 50+ min ago (318+ words) Ghana and neighbouring C'te d'Ivoire are coming under renewed pressure from the European Union and its French development partners to accelerate long-delayed reforms in the cocoa sector, amid warnings that both countries risk losing competitiveness under emerging global sustainability rules. The call was issued at a two-day Cocoa4Future feedback workshop in Accra, where researchers presented extensive findings from the five-year EU and AFD-funded project examining agroforestry systems, disease control, certification schemes, farmer livelihoods and climate resilience across both countries. Research findings presented at the workshop paint a complex picture of sector vulnerabilities'and clear pathways for reform. Multiple studies confirmed farmers' strong preference for low to no-shade systems, which boost yields in the short term but reduce ecological resilience and long-term productivity. The researchers underscored that widespread use of such systems undermines forest recovery and leaves cocoa landscapes highly fragile in the…...

4+ hour, 1+ min ago (474+ words) Anti-corruption campaigner Vitus Azeem has raised serious concerns about the ongoing nationwide recruitment exercise for the Ghana Police Service, Ghana Prisons Service, Ghana National Fire Service, Ghana Immigration Service, and the Ghana Armed Forces. He warned that the process risks being undermined by high application fees and entrenched protocol allocations. The Ministry of the Interior opened the portal for applications from November 15 to December 15, describing the online exercise as part of efforts to strengthen Ghana's internal security architecture and enhance public safety. According to the ministry, the initiative aims to attract disciplined, qualified, and patriotic citizens into the various agencies. Speaking to Citi News on Monday, November 24, 2025, Mr. Azeem questioned both the fairness and transparency of the process'beginning with the GHC 200 application fee, which he described as a burden on unemployed youth. He argued that deploying application forms online should…...

8+ hour, 27+ min ago (337+ words) The government of Ghana has engaged the Economic Community of West African States (ECOWAS) and the World Food Programme (WFP) as part of renewed efforts to tackle the oversupply of grains and cereals on the Ghanaian market. At the Government Accountability Series held on Monday, November 24, 2025, the Minister for Food and Agriculture, Eric Opoku, revealed that discussions with ECOWAS will focus on determining immediate interventions to support farmers struggling with excessive stocks of maize, rice, and eggs. He noted that the glut has resulted in significant post-harvest losses across the country. Mr. Opoku said the National Food Buffer Stock Company has already begun procurement processes to absorb part of the surplus and ease the pressure on producers. "We have spoken to the WFP, who are also engaging their counterparts in other jurisdictions to see what they can do to mop…...