Absa Bank signals bold commitment to Africa with new purpose

The Bank of Ghana (BoG) will introduce a redesigned series of Ghana cedi banknotes into circulation from December 1, 2026, incorporating enhanced security features, improved durability and smaller sizes as the central bank seeks to modernise currency management and strengthen public confidence in the national currency.

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 government will commence construction of the Takoradi-Nyinahin railway line in 2027 using domestic resources, as part of efforts to boost mineral production, local processing and regional trade.

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