PIAC urges gas-debt repayment roadmap

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 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.

Veteran insurance executive and diplomat, Steve Kyerematen, has been honoured by the African Insurance Organisation (AIO) for his pioneering role in establishing the AIO African Reinsurance Forum, a platform created in 1995 to strengthen the continent’s reinsurance capacity.

African leaders, policymakers, and industry executives have renewed efforts to accelerate the continent’s automotive industrialisation agenda after the inaugural Africa Automotive Investment Forum in El Alamein, Egypt, where stakeholders highlighted investment opportunities, regional value chains, and cross-border partnerships to transform Africa into a competitive vehicle manufacturing hub.

Vista Bank Group has announced the official launch of Vista Bank France, its first banking establishment outside the African continent.

Financial services company Nuvion has announced a partnership with EbonyLife Place London aimed at helping African creative businesses receive payments, manage funds, and operate across international markets.