Climate funding complexities shortchanging Africa

Power tariffs will remain unchanged in the fourth quarter (Q4) despite a 3.04 percent depreciation of the cedi and a sharp rise in the inflation assumption used by the Public Utilities Regulatory Commission (PURC) as lower natural gas costs and a stronger projected contribution from hydro generation help contain pressure on electricity prices.

The Bank of Ghana has maintained its policy rate at 14 percent, with the Monetary Policy Committee assessing the risks to inflation and economic growth as broadly balanced despite renewed global price pressures.

The Bank of Ghana will introduce a new series of banknotes in November, replacing the current designs with upgraded notes featuring enhanced security and durability features as the central bank seeks to strengthen currency integrity and improve cash management.

The KGL Foundation and the GNPC Foundation have entered into a strategic partnership to expand educational opportunities for Ghanaian students, bringing the public and private sector together to support the development of the country’s human capital.

Guaranty Trust Bank (Ghana) Ltd [GTBank] has donated medical equipment to the Paediatric Oncology Unit of the Greater Accra Regional Hospital, Ridge-Accra, as part of its commitment to supporting improved healthcare delivery and better outcomes for children undergoing cancer treatment.

The Bank of Ghana (BoG) has expanded its monetary policy education efforts with the second edition of its Monetary Policy Committee Educational Observership Programme (MPC-EOP), giving university students direct exposure to the analytical and deliberative processes that underpin the setting of the policy rate.

Some 576 volunteers have removed 51.5 tonnes of waste from Ananse Beach at Nungua in Accra as part of activities marking World Cleanup Day 2026.

Technical and Vocational Education and Training (TVET) is being repositioned to equip young people with green skills, climate resilience and sustainable innovation capabilities as demand grows for workers in emerging industries such as renewable energy, sustainable agriculture and green manufacturing.