BoG, industry push reforms for distressed business financing

Absa Bank has inaugurated its new head office, Absa Place, at 64 Independence Avenue, Ridge-Accra, with Managing Director Dr. Edward Nartey Botchway pledging that the lender will continue to support businesses and households as Ghana’s economic recovery creates room for renewed private-sector growth.

COCOBOD courts global traders as GH¢16.3bn cocoa financing takes shape Ghana Cocoa Board (COCOBOD) has set the producer price for the 2026/27 cocoa season at GH¢42,400 per tonne, while preparing a GH¢16.3billion domestic financing programme to fund purchases from farmers and reduce its reliance on foreign-currency borrowing.

The Tema Oil Refinery (TOR) has received 950,000 barrels of Sankofa-Gye Nyame light sweet crude from Ghana National Petroleum Corporation (GNPC), marking the first time a Ghanaian refinery has received crude from the field for refining.

The Securities and Exchange Commission (SEC) has called for the capital market to extend beyond stocks and bonds into agriculture, citing the Ghana Commodity Exchange as a vehicle to give farmers access to transparent markets, warehouse receipts and financing.

The National Food Buffer Stock Company (NAFCO) recorded a net profit of GH¢91.7million for 2025, reversing a GH¢19.4million loss in 2024 and marking its highest profit since establishment.

Enterprise Group has paid GH¢508 million in insurance claims in the first half of 2026, equivalent to about 55 percent of its GH¢901 million insurance revenue, as the insurer maintained a strong claims-settlement record while delivering double-digit growth in earnings.

The Ghana National Petroleum Corporation (GNPC) has supplied about 950,000 barrels of Sankofa crude oil to the Tema Oil Refinery (TOR) in a commercial deal that strengthens the link between the country's upstream production and domestic refining.

The Consumer Electronics and Household Appliances Association of Ghana (CEHA Ghana) says it is in active engagement with the Environmental Protection Agency (EPA) to shape a workable transition plan ahead of the country's ban on Expanded Polystyrene (EPS), or styrofoam, effective January 1, 2027.