Economy at the crossroads

Ghana’s oil palm industry is facing mounting pressure from the influx of smuggled and uncertified vegetable oils,

The Bank of Ghana (BoG) has intensified efforts to clamp down on undeclared cross-border movements of foreign currency,

The domestic downstream petroleum sector is facing mounting margin and working-capital pressures after the National Petroleum Authority (NPA) sharply increased indicative price floors for petrol,

Universal Merchant Bank (UMB) has become the first bank in Ghana to receive approval from both the Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) to offer virtual accounts to eligible businesses operating within the emerging virtual asset ecosystem.

Ghana’s economic recovery risks falling short of broader transformation unless the country addresses deteriorating roads, a near-collapse of its rail network and weaknesses in transport-sector governance, the World Bank has said.

Bridget Mensah’s favourite book is Chimamanda Ngozi Adichie’s Dear Ijeawele, or A Feminist Manifesto in Fifteen Suggestions. She calls it the simplest book she knows for explaining feminism; not a slogan, she says, but a series of small, deliberate choices, repeated daily, until they add up to a life.

GCB Bank has welcomed the inauguration of the Non-Interest Financial Advisory Council (NIFAC) by the Bank of Ghana, describing it as an important milestone in Ghana’s journey towards a more inclusive, innovative and diversified financial system.

The Institute of Economic Affairs (IEA) has called for an increase in the mandatory share of gold purchased by Ghana Gold Board (GoldBod) from large-scale mining companies to 50 percent from the current 30 percent.