#UMB@50: Message from Mr. Richard Abeku Dadson - President of the UMB Alumni/(MERBAN) Old Staff Association

Walk through Abossey Okai, Tema and other industrial enclaves in Ghana and you can already see BRICS in Ghana's economy: spare parts and machinery from Guangzhou, pharmaceuticals and vehicles from India, gold flowing out to Dubai.

China has opened the door

International arbitration is widely promoted as the dispute resolution mechanism of choice for foreign investors and contractors working with African governments on public infrastructure projects.

On 3 June 2026, the Komfo Anokye Teaching Hospital (KATH) in Kumasi announced that it was temporarily halting new emergency admissions. Its emergency centre, built for 37 patients, was reported to be holding close to 100.

Imagine a citizen who walks into a public institution seeking a relatively straightforward service.

“A road cannot tell you that there is a misfortune ahead.” – Kenyan proverb

Value Added Tax (VAT) compliance is receiving renewed attention in Ghana as the Ghana Revenue Authority intensifies efforts to improve domestic revenue mobilisation. In September 2026, the Ghana Revenue Authority (GRA) launched the nationwide “Request Your VAT Invoice, Help Build Our Nation” campaign, ahead of a broader VAT invigilation exercise in October aimed at improving invoice issuance and compliance among registered businesses.

International credit rating agency Fitch Ratings has highlighted United Bank for Africa (UBA) Ghana's strong capital position, improved asset quality and substantial liquidity buffers in its latest credit assessment, maintaining the Bank's Long-Term Issuer Default Rating (IDR) at ‘B’ with a Positive Outlook.