Kofi Ahovi

  Oil prices have risen sharply following attacks on commercial vessels in the Strait of Hormuz and conflicting messages about the prospect of renewed negotiations between the United States and Iran. Brent crude futures, the primary benchmark for global prices, jumped more than 7 percent in Asia on Monday as the outlook for peace between Washington and Tehran darkened. Prices eased somewhat later in the morning, with the benchmark at $94.69 a barrel as of 02:05 GMT, up from just under $90.40 on Friday. The latest price surge came after US President Donald Trump said US forces seized an Iranian-flagged cargo vessel that had attempted to evade the US blockade of Iran’s ports.   Trump’s announcement followed reports by the United Kingdom Maritime Trade Operations (UKMTO) Centre over the weekend that two vessels came under attack while transiting the strait. Iranian gunboats fired on a tanker, while an “unknown projectile” struck a container ship, according to the UKMTO. After dec...

  The Government has recorded its fifth consecutive undersubscription in the Treasury bills market, signaling sustained investor caution even as interest rates continue to edge upward. According to the latest auction results released by the Bank of Ghana, the government fell short of its target by 8.2 percent, marking a slight improvement from the previous week but extending the streak of weak demand. The government aimed to raise GH¢4.8 billion but received bids totaling just over GH¢4.48 billion. Of that amount, approximately GH¢4.0 billion was accepted. The 91-day bill remained the most attractive instrument, accounting for GH¢2.55 billion in bids—about 56.9 percent of total submissions. However, only GH¢790 million was accepted. The 182-day bill saw bids worth GH¢771.16 million, with nearly all—about GH¢758 million—accepted, indicating relatively stronger uptake in that segment. For the 364-day bill, investor interest remained subdued, with bids totaling around GH¢1.1 billion, ...

 Vice President Naana Jane Opoku-Agyemang has reaffirmed government’s commitment to investing in critical infrastructure to boost agribusiness, with a strong focus on tomato production and value addition. She gave the assurance during a meeting with GB Foods executives in Barcelona, as part of efforts to reduce Ghana’s dependence on tomato imports while expanding exports of processed tomato products. The Vice President stressed that government’s support for investments across the agricultural value chain will enhance domestic production capacity and strengthen agro-processing in Ghana. “We look forward to mutually beneficial relationships and sustained business as we expand to other areas and encourage local farmers. We want to ensure smaller farmers are also included, so no one feels left out. We are committed to building and sustaining an inclusive system,” she said. She noted that such partnerships would not only stabilise supply but also create sustainable jobs, improve rural l...

  Ghana’s Minerals Income Investment Fund (MIIF) recorded its highest-ever mineral royalty inflows of GH₵5.43 billion in 2025, underscoring stronger compliance and improved oversight across the mining sector. The figure represents a 10.8 percent increase over the GH₵4.91 billion recorded in 2024, marking a significant milestone in efforts to maximize returns from the country’s mineral resources. Chief Executive Officer of MIIF, Justina Nelson, described the performance as a reflection of strengthened systems and institutional discipline. I am pleased to report that the Fund recorded total mineral royalty inflows of GH₵5.43 billion, the highest in MIIF’s history,” she announced. She added that the growth was driven by “disciplined enforcement, strategic oversight and strong institutional commitment,” highlighting a shift toward more effective revenue mobilization within the sector. Speaking at the Fund’s Civil Society Organizations roundtable engagement in Accra, Ms Nelson noted tha...

 Ghana’s equities market wrapped up the trading week ending April 17, 2026, with a stunning rally that pushed the GSE Composite Index up by over 357 points to close at 14,024.22. The financial sector benchmark, the GSE-FSI, also climbed nearly 242 points to settle at 8,314.05. The rally translated into a significant boost in market wealth, with total capitalisation jumping more than 7.5 per cent week-on-week to exceed GH¢266 billion, up from the prior week’s GH¢247.7 billion. Trading activity was feverish. Total volume surged nearly 47 per cent to over 12.7 million shares, while total value traded for the week came in at approximately GH¢62.3 million. The week’s star performers Leading the pack of gainers for the week was Clydestone, which added 33 pesewas to close at GH¢1.44, representing a nearly 30 per cent weekly gain. Ecobank Transnational followed closely, climbing 43 pesewas to GH¢2.10, a 25.8 per cent jump. SIC Insurance also delivered a powerful performance, rising 90 pese...

  MTN Ghana has been named the fastest mobile network in Ghana and the best fixed network in both Ghana and West Africa, sweeping three Ookla Speedtest Awards at Mobile World Congress 2026 in Barcelona earlier this year. MTN Ghana was named Fastest Mobile Network in Ghana and Best Fixed Network in Ghana and also took home the title of Best Fixed Network in Western Africa . The awards are based on independent data drawn from millions of real consumer speed tests conducted through Ookla's Speedtest platform, the world's most widely used benchmark for real-world internet performance. MTN Ghana recorded a Speedtest Connectivity Score of 67.16 , outperforming multiple operators across West Africa, including those in Mauritania, Côte d'Ivoire, Burkina Faso, and Nigeria. This result places MTN Ghana among a select group of network operators worldwide to meet Ookla's rigorous performance benchmarks. Commenting on the awards, the Chief Executive Officer of MTN Ghana, Stephen ...