Access Bank urges youth SMEs to embrace AI or fall behind

The African Export-Import Bank (Afreximbank) has taken a significant step in advancing Algeria’s energy development by approving a US$200 million global revolving dual tranche facility in favour of Shoreline Power Company Limited and its affiliates.

Standard Chartered Ghana has concluded its 130 Days of Kindness community impact campaign, delivering a series of initiatives that strengthened youth empowerment, financial inclusion, environmental sustainability and community development across the country.

Despite signs of recovery in the hospitality industry following the implementation of the 2026 Budget, hotel operators say rising utility costs, limited access to affordable financing and a high tax burden continue to undermine the sector’s ability to expand, attract investment and create jobs.

The Bank of Ghana (BoG) has maintained its benchmark monetary policy rate at 14.0 percent, citing confidence that inflation will remain within its medium-term target despite growing risks from geopolitical tensions, higher energy prices and possible utility tariff adjustments.

Investors are expected to judge Ghana’s 2026 Mid-Year Budget Review less by new policy announcements than whether government reaffirms its commitment to fiscal discipline, as rising inflation begins to test macroeconomic gains achieved under the country’s IMF-supported reform programme.

Falling mining and quarrying prices dragged producer inflation down sharply to 3.5 percent in June 2026 from 5.8 percent in May, as a steep decline in the country’s largest industrial sector outweighed renewed cost pressures in manufacturing, utilities, transport and accommodation services.

PricewaterhouseCoopers (PwC) Ghana has forecast that the Bank of Ghana (BoG) will cut the monetary policy rate down to between 12 and 13 percent by early 2027, while the cedi will expectedly depreciate gradually to GH¢13 against the US dollar by end-2026.

BOST Energies Limited Company (BOSTenergies) has successfully concluded its 2026 Health, Safety and Environment (HSE) Week with a colourful closing durbar, reaffirming the company's commitment to fostering a strong culture of health, safety, and environmental stewardship across its operations.