Business

ELS: MBN360 NEWS The Minister of Roads and Highways, Mr Kwame Governs Agbodza, has issued a stern warning to contractors, consultants and officials of the ministry regarding the newly approved $500 million World Bank-funded rural road initiative. Speaking at a media briefing following parliamentary approval of the credit facility, the Minister announced a zero-tolerance approach towards […]

ELS: MBN360 BUSINESS The Bank of Ghana (BoG) has warned traders, transport operators, businesses and the general public against refusing to accept Ghana cedi coins, stressing that such conduct is unlawful and could attract criminal sanctions. The warning, contained in a public notice dated July 22, 2026, follows growing concerns over the rejection of 1, […]

ELS: MBN360 BUSINESS Ghana’s efforts to formalise the artisanal and small-scale mining (ASM) sector have received a major boost, with the World Gold Council (WGC) committing an initial US$250,000—the first tranche of a planned US$1 million support package—to advance responsible mining practices in the country. The funding forms part of a Memorandum of Understanding (MoU) […]

ELS: MBN360 NEWS The Coordinator of Eco-Conscious Citizens, Awula Serwah has urged authorities to extend the fight against illegal mining beyond the conviction of Chairman Wontumi and pursue every individual linked to the destruction of Ghana’s environment. She argued that the 20-year sentence handed to the NPP Ashanti Regional Chairman should serve as a warning that wealth, […]

ELS: MBN360 Extractives/Energy Ghana and Russia are seeking to deepen cooperation in the energy sector, with both countries exploring opportunities in nuclear energy, mining and fertiliser production as part of a broader effort to expand bilateral relations that have seen trade surge to more than US$800 million in recent years. The renewed focus on energy […]

ELS: MBN360 NEWS he Parliamentary Select Committee on Economy and Development has undertaken a high-level working visit to the Ghana Gold Board (GoldBod) to execute its legislative oversight mandate and evaluate the state entity’s operational performance, recent achievements, and strategic forward-looking direction. The engagement served as a vital platform for lawmakers to examine directly how […]

ELS: MBN360 BUSINESS Ghana’s factory-gate inflation slowed down sharply, with the Producer Price Inflation (PPI) rate declining to 3.5% in June. This drop offers critical breathing room for the domestic industrial sector following a turbulent period of fluctuating operational costs. Figures released by the Ghana Statistical Service (GSS) confirm that the year-on-year producer inflation dropped […]

ELS:MBN360 BANKING Ghana’s banking sector has written off a staggering GH¢883.7 million in bad loans within the first four months of 2026, highlighting the enormous cost of loan defaults even as the industry records signs of improving asset quality. Fresh figures from the Bank of Ghana’s Domestic Money Banks Income Statement reveal that the amount written off […]

ELS: MBN360 Extractives/Energy Ghana’s upstream petroleum industry is facing mounting pressure as crude oil production continues its prolonged decline, raising fresh concerns over the country’s fiscal resilience, energy security and long-term ability to maximise value from its hydrocarbon resources. A new analysis indicates that the sustained fall in production is increasingly eroding petroleum revenues at […]

ELS: MBN360 BUSINESS The National Petroleum Authority (NPA) has upwardly revised the indicative petroleum price floors for the second half of July 2026. The revised price marks the second price floor hike within the current month’s pricing window. The Petroleum Price Floors is the indicative level at which various Oil Marketing Companies (OMCs) peg their ex-pump prices. […]