Kofi Ahovi

  Ghana’s economy expanded by 6.4% in the first quarter of 2026, according to the latest data released by the Ghana Statistical Service. This represents a slight increase from the 6.2% recorded in the corresponding period of 2025, pointing to continued resilience in economic activity. Presenting a breakdown of the figures, Government Statistician, Dr. Alhassan Iddrisu, said the services sector remained the dominant driver of growth during the period. He noted that non-oil Gross Domestic Product (GDP) expanded by 6.3%, indicating broad-based economic performance across key sectors. According to him, the services sector recorded the highest growth of 7.1%, supported by strong performances in information and communication, which grew by 25.2%, transport and storage at 13%, and trade at 7%. The industrial sector also saw a significant improvement, growing by 6.9% compared to 4.1% in the same period last year. This was driven by mining and quarrying, which expanded by 10.7%, as well as ...

  The Bank of Ghana absorbed GH¢17.24 billion from the banking system through a sale of 14-day bills, signalling its determination to keep liquidity conditions tight as policymakers seek to consolidate gains in inflation and currency stability. The operation, one of the central bank’s largest recent liquidity-management exercises, comes as authorities balance inflation pressures with the need to prevent excess cash from fuelling foreign-exchange demand and renewed price pressures. Per the Notice to Banks and the Public No. 865, the June 8, 2026 auction attracted total allotments of GH¢17.24 billion, with bid rates ranging between 10.46% and 10.95%. The weighted average interest rate settled at 10.98%, reflecting prevailing short-term liquidity conditions in the money market. The latest operation highlights the central bank’s active use of open market instruments to absorb surplus liquidity from the banking sector at a time when preserving gains in inflation moderation, exchange rat...

Kasapreko PLC has recorded one of the most successful Initial Public Offerings (IPOs) in Ghana’s recent capital market history after attracting bids worth approximately GH¢1.72 billion, more than double its target raise of GH¢700 million. The beverage manufacturer’s public offer achieved a subscription rate of about 246 percent, representing an oversubscription of approximately 146 percent above the amount sought. The overwhelming response from investors underscores growing confidence in both Kasapreko’s business model and the prospects of indigenous Ghanaian companies listed on the Ghana Stock Exchange. The company offered 583.3 million ordinary shares at GH¢1.20 per share to raise capital for its next phase of expansion, including the construction of a new production facility dedicated to bottled water and carbonated soft drinks. Market observers attribute the strong investor interest to Kasapreko’s established brand portfolio, consistent financial performance, expanding export prese...

  The Chief and people of Gomoa Otapirow in the Central Region of Ghana have conferred honorary traditional titles on four distinguished visitors from the United States of America as part of a cultural exchange and community development initiative aimed at strengthening international partnerships and promoting youth empowerment. The colourful installation ceremony, held on Sunday, May 24, 2026, celebrated the visitors’ dedication to humanitarian service, social impact, and community development across different sectors in the United States and beyond. The delegation, which arrived in Ghana on Saturday, May 23, is on a global cultural and social engagement tour focused on public film screenings, cultural exchanges, partnership building, and sustainable community development initiatives. The team is expected to depart Ghana on Tuesday, May 26. In recognition of their contributions and commitment to social transformation, the traditional leadership of Gomoa Otapirow conferred the foll...

  MobileMoney Fintech LTD (MMFL) has released a strategic white paper titled Uniting Against Digital Fraud: Strengthening Ecosystem Collaboration in Ghana’s Digital Financial Services Sector , reinforcing the urgent need for coordinated, cross-sector action to address the growing threat of digital fraud within Ghana’s financial ecosystem. The white paper captures strategic insights from the MobileMoney Fintech Partner Exchange, a high-level stakeholder forum convened by MMFL in April 2026. The engagement brought together senior representatives from regulatory institutions, financial service providers, fintechs, law enforcement agencies, telecommunications stakeholders, and agent networks to examine the evolving fraud landscape and identify practical pathways for ecosystem-wide resilience. As Ghana’s digital financial services sector continues to expand in scale, sophistication, and national relevance, the white paper highlights the corresponding need for a more integrated and intel...

 As part of efforts to reduce flooding and improve environmental sanitation during this rainy season, the Zoomlion Ghana Limited, in collaboration with the National Disaster Management Organisation (NADMO), FeDEMS Group Ltd, together with Dredge Masters Ghana Limited, personnel from the Ghana Police Service, the Ghana National Fire Service (GNFS) and MMDAs have commenced a three-day clean-up and desilting exercise in selected flood-prone communities within the Greater Accra Region. The exercise began Wednesday June 10–12 at 7:00 a.m., targeting major drainage channels and waterways in Roman Ridge, Mallam, Paloma, Circle, Kaneshie and GBC areas, where teams undertook extensive cleaning and desilting works to improve the free flow of rainwater and reduce the risk of flooding. The initiative comes in the wake of recent heavy downpours that have triggered flooding in some parts of the capital, raising concerns about the impact of poor waste disposal practices and clogged drainage syste...