Energy sector debt exceeds US$3bn – minister-designate

Ghana is exploring a new development model that could bring previously stranded and marginal oil discoveries into commercial production, with the Ghana National Petroleum Corporation (GNPC) seeking to pool offshore infrastructure to reduce development costs and make otherwise uneconomic resources viable.

The country has made a significant offshore hydrocarbon discovery, opening a new exploration play in the Tano Basin and raising hopes of further discoveries that could help reverse the declining crude oil production trend.

Policy-makers, regulators, economists, bankers, industrialists and development partners gather at the Labadi Beach Hotel in Accra today for the opening of the 15th Ghana Economic Forum (GEF), organised by the B&FT, to ask how a recovering economy can be turned into industrial output.

The Ghana Gold Board (GoldBod) generated about US$4.20 billion in foreign exchange (FX) from artisanal and small-scale mining (ASM) gold trading between August and October 2026, directing US$2.38 billion to commercial banks to improve dollar liquidity.

Ghana is owed more than US$4.14 million in unpaid surface rentals by petroleum companies operating in the upstream oil and gas sector, raising concerns about compliance with statutory payment obligations.

The Ghana Infrastructure Investment Fund (GIIF) has secured accreditation as a National Direct Access Entity of the Green Climate Fund (GCF), following approval by the GCF Board at its 46th meeting in Songdo, Republic of Korea.

Consolidated Bank Ghana Limited (CBG) has appointed Mr. Stephen Kpordzih as its new Board Chairman.

Following the heavy rains and widespread flooding experienced in Accra and several other parts of Ghana during the 2026 rainy season, Activa International Insurance Ghana demonstrated its commitment to standing by customers when disaster struck.