Kofi Ahovi

 Scancom PLC (MTN Ghana) has successfully held an Extraordinary General Meeting (EGM) to update shareholders on the ongoing localisation and restructuring of its wholly owned subsidiary mobile money business, MobileMoney Limited (MML). The EGM was called to provide shareholders with information on the localisation of MML in accordance with Ghana’s Payment Systems and Services Act, 2019, (Act 987), which requires all electronic money issuers operating in the country to maintain at least 30 per cent direct local ownership. In 2024, Scancom PLC attained 30 per cent localisation. MML is undergoing a structural separation from Scancom PLC to comply with the regulatory requirement for 30 per cent direct localisation.     A group picture of some MTN Executives, Board Members and Financial Advisors at the EGM During the meeting, Dr. Ishmael Yamson, Board Chairman of Scancom PLC, emphasised that the restructuring of the MoMo business is not only a response to regulatory requiremen...

 Dr. Michael Ekuoba Gyasi, the Executive Director of St. Thomas Eye Hospital, has been awarded CEO of the Year in Health Care – Eye Specialty. The award was presented at the 2025 Ghana CEO Summit held at the Kempinski Hotel Gold Coast City in Accra on 26th May 2025. In attendance was President John Mahama, who personally conferred the award. The award recognises Dr. Gyasi’s transformative leadership in establishing a homegrown upscale eye care chain that leverages innovative technologies to provide advanced eye care services to Ghanaians and patients across the West African sub-region. He is the founder of St. Thomas Eye Hospital, Ghana’s premier ophthalmic group practice, with eleven eye specialists operating across four branches in Accra, Tema, and Kumasi, with a new office opening soon in Takoradi. In 2011, St. Thomas was among the very first eye clinics in Ghana to start modern phacoemulsification cataract surgeries, commonly called laser cataract surgeries, and they continue t...

 The Ministry of Interior has announced that Friday, June 6, 2025, will be observed as a statutory public holiday in celebration of Eid-ul-Adha. In a statement dated Thursday, May 29, and signed by the Interior Minister, Muntaka Mubarak, the ministry urged the public to observe the day as a public holiday across the country Eid-ul-Adha, also known as the Festival of Sacrifice, is one of the most significant events on the Islamic calendar. It commemorates the unwavering faith of the Prophet Ibrahim, who was willing to sacrifice his son, Ishmael, in obedience to God’s command. The festival coincides with the conclusion of Hajj, the annual pilgrimage to Mecca, which is one of the five pillars of Islam. The festival also falls on the 10th day of Dhul Hijjah, the final month of the Islamic calendar. Often referred to as the “Greater Eid,” Eid-ul-Adha is marked by special prayers, the sacrifice of animals, and acts of charity, as Muslims around the world celebrate with family, friends, a...

  The Association of Ghana Industries (AGI) has expressed readiness to cooperate with the government to address significant issues within the business community, following plans to establish a National Business Consultative Platform. President John Dramani Mahama announced the initiative, which aims to foster engagement between the government and private sector players, provide feedback on policies, and identify solutions to support business development. In an interview with Citi News, Dean of Regional Chairs of the Association of Ghana Industries, Tsonam Akpeloo said concerns about heavy taxes and difficulty securing capital should be addressed during the dialogue. We are talking about a lot of taxes, and we are asking the government to take away some of these taxes that are affecting the growth of the sector. We are also talking about access to capital, and the cost associated with accessing this capital. “These are issues that the government needs to deal with because we believe...

 Deputy Minister of Agriculture, John Dumelo, has officially launched the  Bridge in Agriculture Programme , a transformative initiative aimed at providing affordable capital and technical support for Small and Medium Enterprises (SMEs) in agriculture and related sectors across Ghana. Ghanaian food recipes Speaking at the launch on Thursday, May 29, Mr Dumelo highlighted the importance of the programme in Ghana’s drive for inclusive, technology-driven, and youth-centred agricultural transformation. He expressed the government’s appreciation to the Mastercard Foundation for its bold vision and commitment to creating dignified and fulfilling employment opportunities for young people across Africa. “Agriculture employs close to 40% of Ghana’s total workforce and supports about 75% of the rural population,” he stated. Ghanaian food recipes “However, the sector still faces critical challenges including limited access to finance, climate vulnerabilities, inadequate infrastructure, a...

 Ghana's gold industry is on a roll, with the country producing a record 4.8 million ounces of gold in 2024, representing a 19.3% year-on-year growth. This impressive performance was driven primarily by a significant increase in the attributable output of small-scale gold miners, which offset the near stagnation in production from large-scale gold producers. According to Michael Edem Akafia, President of the Ghana Chamber of Mines, speaking at the 97th Annual General Meeting (AGM) of the Chamber, the sector's growth is a testament to its potential and the impact of supportive government policies and favorable price dynamics. The small-scale gold sector recorded a 70.1% increase in attributable output, from 1.1 million ounces in 2023 to 1.9 million ounces in 2024, the second-highest level since the sector's formalization. The output growth of the small-scale gold sector was due to a combination of supportive government policies and favourable price dynamics,” noted Akafia. T...

 The Ghanaian cedi has been on a remarkable run, appreciating significantly against major trading currencies. According to the Bank of Ghana, the cedi has gained 24.1 percent against the US dollar, 16.2 percent against the British pound, and 14.1 percent against the euro. The cedi's strong rebound against major trading currencies is driven by a combination of factors, including tight monetary policy stance, ongoing fiscal consolidation, record reserve accumulation, strict enforcement of foreign exchange market rules, and improved market sentiment," according to the Bank. This impressive performance is attributed to a combination of factors, including tight monetary policy stance, ongoing fiscal consolidation, record reserve accumulation, strict enforcement of foreign exchange market rules, and improved market sentiment. The cedi's strong rebound is a welcome development for businesses and individuals who have been impacted by the currency's volatility in recent years.

 The Monetary Policy Committee (MPC) of the Bank of Ghana has unanimously decided to maintain the policy rate at 28.0 percent, citing the need to reinforce the disinflation process. According to the MPC, despite recent positive developments, the current level of inflation remains high relative to the medium-term target. The Committee observed that the current level of inflation remains high relative to the medium-term target and will require maintaining the tight stance to reinforce the disinflation process," the Bank stated. The Bank explains that this decision is based on recent economic data, which shows that headline inflation has declined consecutively in the first four months of the year, driven by both food and non-food inflation. The Bank's core inflation measure, which excludes energy and utility prices, also points to easing inflationary pressures. Headline inflation declined by 2.6 percentage points to 21.2 percent in April 2025. A confluence of factors, including t...

 The State Housing Company Limited (SHCL), has officially handed over a newly completed four-storey, 24-unit apartment complex to the Ghana Immigration Service in Savelugu.in the Northern Region. The facility, commissioned by the Minister for the Interior, Muntaka Mohammed-Mubarak, is a major milestone in SHCL’s ongoing commitment to support national security through sustainable and dignified housing. This project, initiated in 2016 under an agreement between SHCL and the Ghana Immigration Service, was designed to provide modern residential accommodation for junior-ranked officers stationed at the Tamale International Airport and within the northern security corridor. Speaking at the commissioning ceremony, Hon. Muntaka commended SHCL for delivering a high-quality facility that does not only meet housing needs but also enhances the morale and welfare of security personnel. He emphasized the Government’s belief of providing secure and comfortable housing for officers  which is ...

  Buying a house in Ghana  can be a daunting task, especially for first-time buyers. With its growing economy and increasing demand for housing, Ghana's real estate market offers numerous opportunities for homebuyers and investors.  Waylead, a leading real estate developer in Ghana , walks you through the steps in purchasing property in the country. Step 1: Determine Your Budget Before starting your property search, it's essential to determine your budget. Consider your goals, income, savings, and financial obligations to decide how much you can afford to spend on a house. Financial advisors typically recommend your housing costs should not exceed 40% of your monthly income. It also helps when you factor in payment modalities to help you determine the kind of house to buy. Are you considering taking a mortgage? Or perhaps, you would prefer to purchase the house outright? Whatever decision you would like to make, always consider your budget goals and the payment options av...

 Ghana's leading beverage manufacturer, Kasapreko PLC has announced plans to list about 25 percent equity shares on the main market of the Ghana Stock Exchange. This is part of moves by the company to increase growth and scale up investments across the continent. The Chief Executive of Kasapreko, Richard Adjei disclosed this to some shareholders and the investor community during the presentation of the Facts Behind the Figures series organized by the Ghana Stock Exchange. Kasapreko has maintained an impressive growth trajectory since its listing on the Fixed Income Market, with 2024 revenue growing by 45% year-on-year to GHS 2.7 billion, driven by strong domestic sales and rising export demand. Adjei disclosed that the board has given approval for listing equity shares on the main market by the end of 2025. Coming unto the bond market was very historic for us as a local beverage company and we are glad for the support received so far this year. Thanks to the board and the investors...

  The Ghana Stock Exchange (GSE) index has recorded over 30 percent growth in the first quarter (Q1) of the year, beating its competitors in the West African sub-region as the best securities market. The Managing Director, Abena Amoah has attributed the feat to renewed confidence in the market and an uptake in activities by investors on the bourse. She is hopeful the growth will surpass other markets across the continent by close of the year. Giving a closing remarks after beverage manufacturer, Kasapreko Plc took their turn on the “Fact Behind the Figures” series, Madam Amoah said the current economic performance will positively impact activities of the exchange. Compared to its peers in West Africa, she disclosed that the GSE performed very well in the first quarter, highlighting a bright future for listed companies. As of May 18th, the GSE equities market has recorded a very impressive performance. Our index was up over 30 percent, the best in West Africa, our financial stock in...

  Data released by the Bank of Ghana has shown that the value of mobile money transactions went up significantly to reach GH₵365.0 billion by April 2025. Compared to the same period last year, the value of transactions was at GH₵303.0 billion. The data also showed that the number of transaction increased to 778 million in April 2025 compared to 630 million in April 2024. The Balance of Float reached GH₵28.2 billion compared to GH₵19.3 billion. The steady rise highlights the increasing preference for mobile financial services among individuals and businesses alike, as the nation continues to embrace digital payment solutions. This increase further demonstrates the central role mobile money plays in enhancing financial access and facilitating daily transactions across the country, especially in areas underserved by traditional banking infrastructure. The Bank of Ghana data also points to a sustained upward trend in mobile money usage, fuelled by greater mobile phone penetration, the ...

  The mining sector is facing a challenge that could erode its competitive edge and cripple future growth, the Ghana Chamber of Mines has warned. The Chamber is raising red flags over new tax measures that could drive exploration firms away, choke investment, and even collapse some existing mining companies. Speaking on  PM Express Business Edition on Thursday, May 22, Acting Chief Executive of the Chamber, Ahmed Nantogmah, lamented the impact of government’s recent fiscal moves, particularly the imposition of a 3% levy on gross production and the controversial Value Added Tax (VAT) on exploration activities. Exploration is the lifeline of mining,” he stated, “and now there’s a VAT on exploration. Most of these explorers are risk takers, but they are being punished for taking that risk.” He explained that the core activities of exploration - drilling and assay - are now being taxed, significantly increasing the financial burden on already fragile, early-stage ventures. You ca...

 The Ghana cedi gained 24.1% against the US dollar in the first five months of 2025. This is compared with a loss of 5.3% in the first quarter of 2025. According to the Bank of Ghana, the local currency traded at a rate of GH¢11.85 in May 2025 to the American greenback in the interbank market. In April 2025, the local currency gained 3.9% in value to the American greenback. Similarly, the cedi appreciated by 14.1% against the euro in the interbank market in May 2025, going for GH¢13.33. For the pound, the cedi also gained 16.2% in value. It consequently sold at GH¢15.74 the interbank market. Last week, the local unit appreciated by 2.3% week-on-week versus the US dollar, taking its year-to-date to 17.7% in the retail market. It also appreciated 3.5% against the pound and 3.7% against the euro respectively. This follows an injection of a total of US$425.50 million by the Bank of Ghana into the retail market.

  With global demand for critical minerals such as lithium, cobalt and copper reaching unprecedented heights, Africa’s vast mineral reserves have placed the continent at the center of the global energy transition. From powering electric vehicles to supplying renewable energy infrastructure, these resources are essential to the world’s low-carbon future – and Africa holds many of the keys. As the world races to secure stable, long-term access to these minerals, the spotlight is increasingly turning toward African markets. African Mining Week (AMW), taking place on October 1–3, 2025 in Cape Town, arrives at a critical moment. The event serves as a high-level, pan-African platform designed to unlock new investment flows, accelerate technological adoption and promote sustainable, inclusive growth across the continent’s mining landscape. By convening government leaders, mining executives, financiers and technology providers under one roof, AMW will shape strategic dialogue and dealmakin...

 Ghana’s Producer Price Inflation (PPI) fell sharply in April 2025, dropping to 18.5% from 24.4% in March, according to the latest data from the Ghana Statistical Service. This marks the third consecutive monthly decline in producer inflation and signals a cooling in price pressures at the factory gate. The fall in the year-on-year rate represents a significant 5.9 percentage point drop, driven largely by easing price growth in two key sectors: mining and quarrying, which contributed 10.6 points to April’s inflation, and manufacturing, which added 6.9 points. Together, these sectors accounted for nearly 95% of the month’s inflation rate. On a month-on-month basis, producers experienced deflation of 0.8%, indicating that average factory gate prices were lower in April than in March. This is a reversal from the 0.6% rise recorded in March, and suggests that producers are beginning to receive less revenue per unit of goods and services sold. Across industries, mining and quarrying rec...

 The Asantehene, Otumfuo Osei Tutu II, has urged investors to support Ghana’s energy sector, emphasizing its critical role in the successful implementation of the 24-hour economy. Speaking at a meeting with officials from Dream Power Africa, a solar energy company, on Wednesday, May 21, at the Manhyia Palace, the Asantehene stressed that reliable electricity is essential for national development. Currently, the government has been talking about a 24-hour economy. If that is going to be successful, then energy must also be available in rural areas, and industries will need it to function efficiently. “So, from a wider perspective, it will all help in the development of this country,” he stated. The National Democratic Congress (NDC) made the 24-hour economy a key policy promise in the lead-up to the 2024 general elections. The initiative seeks to stimulate continuous economic activity across sectors such as manufacturing, agriculture, healthcare, and ICT by encouraging businesses an...

 The local currency (cedi) continues to firm up, closing at GH¢12.00 to the US dollar on the forex market. This is its strongest showing so far this year. The appreciation signals growing investor confidence in the economy, buoyed by strong fiscal consolidation efforts and tight monetary policy measures by the Bank of Ghana. Checks by  Citi Business News  as at Wednesday May 21, showed that the cedi closed at GH₵12.10 to the US dollar at some forex bureaus.  The British Pound was selling at GH₵16.85 and the Euro going for GH₵14.60.  The performance of the cedi comes amid renewed foreign exchange inflows from improved export earnings, remittances and disbursements under Ghana’s IMF-backed programme. Analysts also point to the Central Bank’s intensified regulatory oversight in the forex market, which has helped curb speculative pressures and align market rates more closely with fundamentals. From the fiscal side, there is an intention to arrive at this point ...

  The Bank of Ghana (BoG) has begun a comprehensive review of its monetary policy framework.  It’s shifting toward more dynamic tools to manage liquidity and support private sector growth.  This means the Central Bank will be prioritising enhanced Open Market Operation which will include longer-tenor BoG instruments. It will be a transition from reliance on the unremunerated Cash Reserve Ratio to a more active Open Market Operations regime. Governor Dr. Johnson Asiama notes, the review will strengthen policy direction and maintain disinflation efforts without derailing the fragile economic recovery. This is intended to enhance policy transmission, improve liquidity management, and allow greater room for credit expansion to the private sector”, he said at the opening of the 124th MPC meeting opening in Accra. Dr. Asiama noted that while inflation is easing, it remains susceptible to second-round effects, persistent food supply disruptions from northern Ghana and the Sahel ...

 Government has reiterated its commitment to creating an enabling environment for automotive companies such as Zonda Tec Ghana Limited to thrive in the domestic market. As part of efforts to deepen economic ties and attract foreign direct investment, the government is also looking to court additional Chinese investment into the country’s automotive sector. Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Agyare, in an interview with the media after paying a working visit to the facilities of Zonda Tec Ghana Limited in Tema stressed the government’s resolve to support the growth of the automotive industry as a key driver of job creation and industrial development. The auto policy does not cover the big trucks that they [Zonda] do so we are reviewing the auto policy to include what they do. These are the things that will encourage them to produce more. I will be travelling to China under the instructions of His Excellency with them and other Chinese companies. We want ...

  Burkina Faso relies on trade with Ghana to access the sea, so it can export its minerals and cotton abroad. Onerous bureaucracy has always slowed down the border crossing. Since an insurgency erupted a decade ago, traders – especially women – are threatened by hijackings and theft as well. To improve safety and operations at the Paga-Dakola border, ITC and its partners spent 18 months studying the crossing. A series of meetings has endorsed the reforms proposed in the study, so this vital corridor can work more smoothly. Traffic at the Paga-Dakola border has soared as traders have rerouted shipments away from insurgent-held regions. Yet, the border suffers from poor management, weak agency coordination, and widespread non-compliance. Inside Burkina Faso, traders use convoys for safety, but Ghana has no such system in place. Years of crisis have forced some banks to close, making financial services even more difficult to access. Security is a major concern here,’ said a ...

 Sakina Mumuni, a 35-year-old farmer and trader from Bawku Municipal, has been nominated for the MTN Heroes of Change award for her outstanding work in empowering women and vulnerable individuals in her community. Through her project, Agro Processing/VSAL, Sakina provides training in peanut butter production, oil extraction, and rice processing, helping women to earn sustainable incomes and start their own businesses. Sakina's motivation for starting the project stemmed from witnessing the struggles of women who lost their husbands and livelihoods during the Bawku chieftaincy conflict. She felt compelled to act and started training women in various skills to help them rebuild their lives. Seeing these women regain confidence and provide for their families keeps Sakina inspired to continue making a difference. Impact of the Project The project has had a significant impact on the community, empowering over 50 women and changing lives. The women have started their own businesses, earn...

  Trading on Ghana’s bond market picked up last week, with activity jumping by over 25%. The total value of bonds traded rose from GHS1.23 billion to GHS1.41 billion, showing growing interest from investors. Ghana’s secondary bonds market is where people and institutions buy and sell government bonds that have already been issued, rather than buying them directly from the government. According to Databank Research, the most traded bond was one that matures in February 2027. It made up about a third of all trades and offered an average return (or yield) of 20%. Most of the trading happened in short-term bonds—those that will be paid back soon—which made up 60% of the market activity. These also offered an average return of 20%. The rest of the trading involved medium- to long-term bonds, which gave slightly higher returns of about 21.3%. Even though more bonds were being bought and sold, prices dropped a bit, which caused returns to rise slightly. This usually happens when investors...

 Dr. Adu Anane Antwi has been named Chairman of the newly reconstituted SEC Governing Board. Dr. Antwi is the former Director-General of the Securities and Exchange Commission (SEC). The appointment was formalised during an inauguration ceremony presided over by Finance Minister Dr. Cassiel Ato Forson on May 19. Addressing the new board, Dr. Forson explained that the Commission is critical to maintaining stability within the country's financial sector, particularly in light of recent economic difficulties. He expressed confidence in the board’s ability to uphold regulatory standards and foster investor trust. I am exceedingly pleased to see this board come to life. Ghana has endured significant economic stress in recent years, and our people are rightly concerned. He explained that "as the regulator of our capital market, the SEC bears a critical responsibility to restore confidence, integrity, and dignity in the sector.” For him, accountability and robust regulation must be p...

Ghana’s power sector is in deep trouble—again. In 2024, the Electricity Company of Ghana (ECG) lost a staggering 32% of all electricity it purchased for distribution, the highest in over two decades. This was contained in the latest Energy Commission Statistics. A JoyNews Research computation indicate that for every GH¢100 ECG spent to buy power for resale, GH¢32 was lost, either through technical faults, power theft, or billing inefficiencies. This hemorrhaging of revenue is fueling a crisis. ECG is now buried under $2.5 billion in debt, owed to Independent Power Producers (IPPs) and fuel suppliers. These debts are part of a broader storm hitting Ghana’s energy sector—one that has turned power supply into a money-burning machine. At the heart of the national conversation is how to break the cycle. The government continues to make shortfall payments—estimated at nearly $2 billion annually—just to keep the power on. But with losses this high, the model is clearly unsustainable. Now, Pre...

  Former Finance Minister Dr. Amin Adam has called for intensive efforts to plug all loopholes that facilitate capital outflows out of Ghana, draining the country of necessary revenue for development. Dr. Adam stressed the urgent need for reforms, stating that the country’s current legal framework is insufficient to address the complex financial web, which leads to revenue losses. Speaking at a forum held at the University of Professional Studies, Accra (UPSA), under the theme “Tackling Tax Revenue Leakages in Ghana”, Adams said, "National legislation is inadequate to address this canker. Aside from strengthening legislation, we must critically examine issues such as debt loading, cost inflation, and cost recovery techniques, which are used to understate tax revenues." He further pointed out that some of these problematic practices have already been identified in a recent audit conducted on upstream petroleum taxes by the Ghana Revenue Authority (GRA). He explained, "Som...

  Tullow Ghana and partners have announced the restart of drilling operations in the Jubilee Field, marking a renewed phase of investment and confidence in Ghana’s energy future. The two-year programme begins this May and is expected to boost oil production and operational efficiency at one of West Africa’s strategic oil fields. This new campaign follows the successful completion of Tullow’s previous four-year drilling programme in December 2024, which delivered 18 new wells - six months ahead of schedule and below budget. The earlier campaign was noted for its efficiency, safety record, and disciplined cost management. The upcoming campaign will roll out in phases, beginning in May 2025, with additional activity scheduled for November and extending into 2026. Building on previous high-performance records, Tullow is looking to take drilling management to new heights throughout this project. Tullow Ghana Managing Director, Jean-Médard Madama said: This is an exciting moment for us. ...

  As educators, we play a vital role in shaping the minds of future generations. Our profession demands the highest level of dedication, expertise, and integrity. It's essential that we conduct ourselves with utmost professionalism, respect, and authority. Our attire, speech, and behavior should reflect our expertise and commitment to the teaching profession. We should maintain a level of respect and authority in our interactions with students, colleagues, and the community. This includes being punctual, prepared, and fair in our dealings. By doing so, we'll earn the respect and admiration of our students and the community. Continuous learning is also crucial, and we should strive to stay updated with the latest developments in our field and incorporate innovative methods into our teaching practices. As educators, we have a collective responsibility to mentor and guide our students, providing them with the support and guidance they need to succeed. We should lead by example, de...

  The Chief Information Officer (CIO) at Prudential Bank, Leopold Armah, is calling on technology engineers in Africa and across the developing world to initiate steps toward domesticating Artificial intelligence (AI) technology by gradually developing local use cases considering linguistics and peculiar practices. He noted that AI, evidently, has moved from experimental to essential, and permeating every area of life, including threat intelligence and cybersecurity in general as such domesticating the tool will facilitate better appreciation of its potential. Commenting on the topic “ AI, Automation and the Future of Threat Intelligence" on the sidelines of the recently held CISO Summit 2025 in Accra, Armah noted that it is time to simplify, invest and urgently start building capacity at both the individual and corporate levels to make AI relevant to our environment. Evidently, AI has moved from experimental to essential. AI and automation are helping us develop the ability to c...

 First Deputy Governor of the Bank of Ghana, Dr. Zakaria Mumuni, says the cedi's performance is not only a dramatic reversal from last year but an unprecedented feat since adopting a flexible exchange rate regime. “Year to date, we’ve had the cedi appreciating by over 12%—specifically 12.2% [to dollar],” he stated on PM Express Business Edition. “The same time last year, we had depreciated by about 13%. So this is a complete reversal of what the situation was.” Calling it “maybe unprecedented,” Dr. Mumuni said the cedi’s surge reflects the most decisive and effective policy mix the central bank has rolled out in recent history. If you look at the data from when we started the floating rate regime up to now, this is the only time within the first four or five months that we have had this level of strength in the Ghana cedi.” He emphasised that the turnaround is largely driven by domestic policy, not just external conditions. The domestic factors really have more weight in this perfo...

 Accra has emerged as Africa’s third fastest-growing real estate market, trailing only Nairobi and Lagos, data from Statista and Knight Frank’s Africa Report has revealed. Ghana’s capital attracted growing investor interest, fueled by economic stability, a rising middle class, and surging demand for both luxury and affordable housing. The report highlighted Accra’s rapid property value growth, solidifying its status as one of the continent’s most attractive real estate destinations. Backed by steady economic growth, a booming urban population, and rising investor confidence, Accra is establishing itself as a key player in Africa’s evolving real estate landscape. Africa’s real estate sector is expanding rapidly, fueled by urban migration, demographic growth, and government infrastructure investments. According to the African Development Bank (AfDB), the continent’s GDP is projected to grow at an average of 4% annually between 2023 and 2025. Cities like Nairobi, Lagos, and Accra are ...

 Latest data from the Bank of Ghana indicates that government missed its Treasury bill target for the third consecutive time falling short by GHS 3.92 billion. The auction recorded an undersubscription rate of 58.67%, a stark contrast to the previous week’s full acceptance. The government sought to raise GHS 6.68 billion but received total bids of GHS 2.76 billion. The 91-day bill received GHS 4.36 billion in bids, with GHS 2.09 billion accepted. For the 182-day bill, the government accepted GHS 513 million out of GHS 731 million tendered, while the 364-day bill attracted GHS 260 million in bids, of which GHS 154 million was accepted. The weak uptake caused yields to decline further. The 91-day rate fell by 5 basis points to 15.11%, from 15.16% the previous week. The 182-day yield edged down 2 basis points to 15.68%, while the 364-day rate dropped 1 basis point to 16.79%. For market analysts, the weaker investor appetite signals investors may be growing cautious about short-term go...