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Bank of Ghana Revokes Zeepay’s Electronic Money Licence Over Regulatory Breaches

  The Bank of Ghana (BoG) has revoked the Dedicated Electronic Money Issuer (DEMI) Licence of Zeepay Ghana Ltd with immediate effect, citing multiple regulatory breaches and the company's persistent failure to comply with supervisory directives. The decision, announced in a public notice dated July 14, 2026, was taken under Section 13 of the Payment Systems and Services Act, 2019 (Act 987). According to the central bank, Zeepay repeatedly failed to comply with the terms and conditions of its licence, with its continued operations posing a risk to customers and the stability of Ghana's payment ecosystem. The BoG said investigations revealed that the company issued electronic money without maintaining the required cash backing, resulting in a negative variance that exposed customers and the payment system to financial risk. The regulator further disclosed that Zeepay failed to comply with directives requiring it to inject sufficient funds to fully back customers', agents'...
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Why Cash Still Rules in a Digital Economy

  Understanding the gap between technological progress and everyday financial behavior Over the past decade, Ghana has made significant progress in digital finance. Mobile money usage has expanded rapidly, with transaction values rising from GH¢447.4 billion in February 2026 to GH¢493.2 billion in April 2026 according to the Bank of Ghana Payment Systems Statistics. Consumers can now complete payments with just a few taps on their phones through platforms provided by fintech companies, while many banks have introduced mobile banking applications to facilitate seamless and convenient transactions. On the surface, it appears that the economy is steadily transitioning toward digital payments. Yet across markets, shops, and everyday interactions, a different reality persists; cash continues to dominate. The Reality on the Ground From roadside sellers to small retail shops, cash remains the primary means of exchange. Even in environments where mobile money and other digital payment opti...

2026 FIFA World Cup: Top four-ranked teams make semi-finals for the first time

  The top four teams in Fifa's world rankings have made the semi-finals of the World Cup for the first time. And the progress of Spain (1), Argentina (2), France (3) and England (4) was aided by a Fifa change for the 2026 World Cup. They were put in separate quadrants of the draw so they could not meet before the semi-finals. For that to happen they had to each win their groups - which they did. The separation in the draw meant that Spain could not meet Argentina before the final. Additionally, England and France were put in opposite sides of the knockouts and on a path to meet either Spain or Argentina in the semi-finals if they all progressed. Fifa described the move as ensuring "competitive balance" by establishing "two separate pathways to the semi-finals". And now the semi-finals are France v Spain on Tuesday, and England v Argentina on Wednesday. A similar approach happens at Wimbledon, and in the new Champions League format, at which seeds are kept apart ...

Ghana to export 300 teachers to the Bahamas under new agreement

  The Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, has announced that the Bahamas will receive 300 Ghanaian teachers this year. The announcement follows bilateral negotiations between the minister and the Prime Minister of the Commonwealth of the Bahamas, Philip Edward Davis. During the meeting, Ablakwa delivered a message of gratitude from President Mahama to the Bahamian Prime Minister for the invitation to engage. The deployment of the 300 teachers represents the first phase of a new cooperation in education between the two nations. According to the Foreign Minister, Bahamian authorities chose to expand the agreement to teachers due to the performance of Ghanaian nurses currently working in the country. It gives us much pride to highlight that Bahamian authorities are deeply impressed with the excellent work ethic of Ghanaian nurses serving under a similar agreement," Mr Ablakwa said in a post on Facebook on Saturday, July 11. The initiative is designed to establish a...

No more shoe and belt removal at checkpoints – GACL introduces new screening equipment

 The Ghana Airports Company Limited (GACL) has introduced advanced security screening equipment at the passenger checkpoints of Terminals 2 and 3 at the Accra International Airport as part of efforts to enhance aviation security and improve the travel experience. The upgraded technology is expected to streamline security checks by allowing passengers to keep laptops and other large electronic devices in their cabin baggage during screening, eliminating the need to remove them manually. Under the new system, passengers will also no longer be required to remove shoes and belts during routine screening unless they are selected for additional checks through security profiling. GACL explained that the new equipment will also permit passengers to keep liquids, aerosols and gels in their cabin baggage during screening, although existing aviation security regulations remain in force. The company stressed that liquids above 100 millilitres per container are still prohibited in cabin baggage...

Government will end tomato import dependence in four months – Eric Opoku

  The Minister of Food and Agriculture, Eric Opoku, has stated that government interventions to boost local production of tomatoes will begin to yield visible results within the next four months and assured Ghanaians that the country’s dependence on imported tomatoes will soon be over.  He explained that the government had rolled out some interventions aimed at increasing domestic tomato production and reducing imports, particularly from neighbouring Burkina Faso. We have started working on that challenge, and we are bent on reversing that story. Within the next three or four months, the results will be out there for Ghanaians to testify,” he said. Opoku made the remarks when he appeared before Parliament’s Select Committee on Assurances. It was to provide updates on commitments made by President John Dramani Mahama in the 2025 State of the Nation Address (SONA).  Opoku explained that the government was investing in irrigation infrastructure, including the construction of...

Defence Ministry Mobilises Military, Seeks Zoomlion's Support for Post-Flood Clean-Up

 The Deputy Minister for Defence, Ernest Brogya Genfi, has reaffirmed the government's commitment to restoring communities affected by the devastating June 29 floods, saying the military has been fully mobilised to lead the nationwide clean-up exercise ordered by President John Dramani Mahama. Speaking during a visit to assess ongoing clean-up operations, Brogya Genfi said the two-day exercise, directed by President Mahama following the floods that claimed about 30 lives and left large parts of Accra submerged, is aimed at clearing refuse, desilting drains and preventing disease outbreaks. He noted that the President's personal involvement in the exercise underscores the urgency of the response and the government's determination to protect lives and property. The Commander-in-Chief, President John Dramani Mahama, is himself on the ground, so we cannot fail the citizens. At the Ministry of Defence, we are providing the strategic direction for the military to deliver the supp...