National VAT compliance campaign begins    

High operating costs, low occupancy rates and unreliable water supply are squeezing profitability in Ghana’s hotel industry, limiting operators’ capacity to expand facilities, upgrade services and offer more affordable accommodation.

The Public Interest and Accountability Committee (PIAC) is urging government to develop a structured repayment plan for the US$620.54million owed by Ghana National Gas Limited Company (GNGLC) to Ghana National Petroleum Corporation (GNPC).

The Petroleum Hub Development Corporation (PHDC) has signed a US$28billion investment agreement with an international consortium led by Global Sphere to develop the second lot of Ghana’s petroleum and petrochemical hub project at Jomoro in Western Region, with construction expected to begin first quarter-2027.

The Bank of Ghana (BoG) is training financial journalists on monetary policy, foreign exchange market developments and inflation dynamics as it seeks to improve public understanding of central bank decisions and their implications for the economy.

The country’s efforts to safeguard its international anti-money laundering standing face risks from businesses failing to disclose their ultimate beneficial owners, Registrar of Companies Maame Saama Peprah has warned.

Domestic businesses are delivering more tangible investment than realised foreign direct investment (FDI) in Ghana, highlighting the need for a policy-shift toward local enterprises as government seeks to retain more economic value within the country.

MobileMoney Fintech Limited (MMFL) has expanded its MoMo platform to more than 45 financial products and services covering credit, savings, investments, pensions, insurance and international remittances, as it seeks to deepen digital financial inclusion in Ghana.