Resetting power distribution: To privatize or not

The country's ambition to become a competitive industrial and investment hub will increasingly depend on its ability to deliver reliable, affordable and sustainable electricity, as emerging industries such as artificial intelligence (AI), data centres, electric mobility and advanced manufacturing create new demands on its power infrastructure, the Volta River Authority (VRA) has said.

Project Shiprite, a US$137 million ship repair and maintenance facility at the Port of Takoradi, has reached financial close, with construction expected to be completed within 18 months to boost maritime trade.

The government will lower its primary surplus target from 1.5 percent to 0.5 percent of Gross Domestic Product (GDP). The aim is to finance a US$10 billion, four-year economic transformation programme branded the New Economy, Finance Minister Dr Cassiel Ato Forson announced on Thursday. 

Telecel Mobile Financial Services has introduced the Telecel Cash E-Wallet and Telecel Shop, bringing shopping, payments and digital financial services together in the Telecel Play App.

Government is targetting an end of liquid-fuel purchases for electricity generation by 2027 as it steps up efforts to expand natural gas supply.

Government’s 24-Hour Economy programme is targeting increased industrial production, expanded exports and job creation by mobilising private sector investment and deploying technology across productive sectors, as government seeks to accelerate industrialisation and strengthen the country’s manufacturing base.

The country must leverage its recent macroeconomic stability to diversify its export base, deepen industrialisation and expand domestic manufacturing to achieve sustainable economic growth, Deputy Managing Director, Operations and Support Functions at Fidelity Bank Ghana, Attah Yeboah Gyan, has said.

Ghana’s economic activity expanded by 6.8 percent year-on-year in August 2026, supported by stronger services and an improved industrial performance, although growth in agriculture slowed sharply, highlighting an uneven recovery across the productive sectors.