Kofi Ahovi

 Stakeholders in Ghana’s sanitation sector have called for an urgent shift from landfill-dependent waste disposal systems to sustainable, engineered waste treatment infrastructure, warning that persistent funding gaps could undermine efforts to maintain cleanliness and environmental safety within the Greater Accra Metropolitan Area (GAMA). The call was made during a high-level stakeholder dialogue on landfill and waste management held at the Kempinski Hotel Gold Coast City in Accra on Monday, June 8, 2026 on the theme "Alleviating Waste Disposal crisis in Greater Accra." The meeting brought together government officials, Metropolitan, Municipal and District Chief Executives (MMDCEs), sanitation experts and private sector operators. Delivering the keynote address, the Minister for Local Government, Chieftaincy and Religious Affairs Ahmed Ibrahim, noted that rapid urbanisation and population growth continue to place enormous pressure on existing waste infrastructure. He reveale...

  President John Dramani Mahama has held high-level bilateral talks with Belarusian President Alexander Lukashenko, culminating in the signing of three key agreements aimed at strengthening economic, trade and agricultural cooperation between Ghana and Belarus. President Mahama was accorded a ceremonial welcome at the Belarusian Presidential Palace on Monday as part of his State Visit to the Republic of Belarus. The discussions focused on expanding bilateral relations and identifying new opportunities for cooperation in strategic sectors critical to the economic development of both countries. The engagements resulted in the signing of three Memoranda of Understanding (MoUs), covering the establishment of a Joint Commission for Cooperation in Trade and Economic Affairs, enhanced collaboration between the chambers of commerce of both countries, and cooperation in agriculture. The agreements are expected to create a structured framework for increased trade, investment and technical co...

 Stanbic Bank Ghana has donated relief items worth GHS 400,000 to the National Disaster Management Organisation (NADMO) to support communities affected by recent flooding and fire incidents across Accra and other parts of the country. The presentation took place at the NADMO Headquarters on 5 th June 2026, reaffirming the Bank’s commitment to supporting Ghanaians in times of need. The heavy downpour and subsequent fire outbreak on Wednesday, 3 rd June, displaced families, disrupted livelihoods, and caused significant hardship for residents and market operators. In response, Stanbic Bank swiftly mobilised a comprehensive package of essential items to complement NADMO’s ongoing relief and recovery efforts. Chief Executive Officer of Stanbic Bank Ghana, Kwamina Asomaning said: “At Stanbic Bank, our purpose is Ghana is our home, and we drive her growth . We recognise that true growth is only possible when our communities and people are thriving. When our communities prosper, we prosp...

  Climate communication specialist and media practitioner, Kofi Ahovi, has called for stronger international collaboration to accelerate climate action, saying global partnerships will be crucial in translating commitments made under World Environment Day priorities, the Climate Change Action Now (CCAN) initiative and the post-COP29 agenda into tangible outcomes. Speaking at WASCAL’s Intergenerational Panel Conversation held to mark World Environment Day, Ahovi said international cooperation offers significant opportunities for Ghana, West Africa and other developing regions to access climate finance, technology, research partnerships and capacity-building support needed to tackle the growing impacts of climate change. The dialogue was held under the theme, “From Global Commitments to Practical Implementation: Youth, Science and Diplomacy for Climate Action.” According to Ahovi who also doubles as the Editor of Business Week Ghana, one of the most immediate benefits of internationa...

  MobileMoney Fintech Ltd (MMFL), the operator of MTN Mobile Money services in Ghana, has announced that it will hold an Extraordinary General Meeting (EGM) on Friday, June 12, 2026, to seek shareholder approval for key corporate governance decisions, including the appointment of new directors, dividend payments and the ratification of its external auditor. The virtual meeting is scheduled to begin at 11:00 a.m. GMT and will be accessible to shareholders through a dedicated online platform. According to a notice issued by the company, shareholders will be asked to approve the appointment of six directors, subject to approval by the Bank of Ghana. The proposed appointments include Modupe Kadri, Serigne Dioum, Adekunle Benjamin Awobodu and Antoinette Kwofie as Non-Executive Directors; Susan Yawson as Executive Director; and Bashirat Odunewu as Independent Non-Executive Director. The EGM will also consider a proposal to approve a dividend payment of GHS0.03 per share for the first qua...

  President John Dramani Mahama has paid tribute to the soldiers and civilians who defended Belarus against the Nazi invasion during World War II, describing their courage and resilience as an enduring symbol of national strength and development. The President laid a wreath at the historic Brest Hero Fortress Memorial Complex during an official visit to the Belarusian city of Brest, where he was hosted by Governor Piotr Alexsandrovich following a guided tour of the renowned World War II landmark. President Mahama was accompanied by Steem Jehu-Appiah, Presidential Advisor and Special Aide Joyce Bawah Mogtari, officials from Belarus’ Ministry of Foreign Affairs and representatives of Ghana’s Mission in Moscow. The memorial complex, located near the border with Poland, is one of Belarus’ most revered historical sites. It was among the first targets of Nazi Germany's invasion of the former Soviet Union on June 22, 1941, and has since become a symbol of resistance and sacrifice. During ...

 MTN Ghana has launched the 2026 edition of its flagship employee volunteerism campaign dubbed, 21 Days of Y’ello Care, with a nationwide focus on improving access to healthcare for underserved and remote communities. The initiative, launched at MTN House in Accra on Monday, June 1, 2026, will see MTN employees across the country undertake a series of health-focused interventions over a 21-day period under the theme: “Expanding Equitable Health for Every Community,” strengthening access to quality, preventive and responsive healthcare services for underserved and remote populations. This year’s campaign seeks to address critical healthcare challenges by restoring broken hospital beds, supporting health facilities, conducting community health screenings, promoting disease prevention, raising awareness about non-communicable disease, the provision of handwashing facilities in selected schools, and training of health champions to sustain health awareness efforts beyond the campaign pe...

 The newly elected President of the Ghana Chamber of Mines, Fred Attakumah, has outlined an ambitious agenda focused on growing mineral production, deepening local content and strengthening environmental, social and governance (ESG) standards across the mining industry. Speaking in an interview after assuming office at the Chamber’s 98th Annual General Meeting in Accra, Attakumah said his administration would focus on three strategic priorities aimed at enhancing the sector’s contribution to Ghana’s economy. According to him, the first priority is expanding the mining industry through increased investment and production. He noted that mining remains Ghana’s most significant contributor to foreign exchange earnings and plays a critical role in supporting economic growth. Mining contributes more than gold, oil and gas and many other sectors combined when it comes to foreign exchange returns. If we are able to grow the sector, everybody benefits,” he said. Attakumah stressed the need ...

 The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has assured investors that government’s ongoing reforms in the mining sector are aimed at strengthening accountability, enhancing environmental protection and increasing local participation while maintaining Ghana’s attractiveness as a leading mining destination. Addressing the 98th Annual General Meeting of the Ghana Chamber of Mines in Accra, the minister said the review of Ghana’s mining laws and policies is intended to create a more transparent and sustainable framework for the industry while ensuring that the country derives maximum benefits from its mineral resources. According to him, the reforms will provide clearer policy direction on mineral resource utilisation, mine closure and reclamation, local content development and responsible small-scale mining. Government will continue to engage closely with industry stakeholders, traditional authorities, civil society organisations and local communities to ...

 Ghana’s mining industry recorded a strong performance in 2025, with gold production reaching historic highs and the sector contributing more than GH¢24.2 billion in fiscal revenue to the state, according to the Ghana Chamber of Mines. Addressing the Chamber’s 98th Annual General Meeting in Accra, outgoing President Michael Edem Akafia said the industry remained a critical pillar of Ghana’s economy, driving export earnings, employment creation, foreign exchange accumulation and government revenue despite policy uncertainties and rising operational costs. According to the Chamber, attributable gold production increased by 23.4 percent from 4.82 million ounces in 2024 to 5.94 million ounces in 2025, largely driven by a surge in small-scale mining output. For the first time in more than a century, small-scale mining overtook large-scale mining as the largest contributor to Ghana’s gold production, accounting for 52.4 percent of total national output after production rose by 63.8 perce...

  As businesses across Ghana increasingly operate in a digital-first environment, access to customer insights and targeted communication tools has become essential for improving competitiveness, driving efficiency, and unlocking new growth opportunities, particularly for small and medium enterprises (SMEs). At the maiden edition of the MTN Digital Transformation Conference in Accra, MTN Ghana showcased how data-driven innovation through its MTN Ads platform is helping businesses grow while supporting Ghana’s broader digital transformation agenda. The MTN Ads platform enables digital marketers and businesses to access customer insights and behavioural data, helping them deliver timely, relevant, and personalised communication to clearly defined audience segments. The platform leverages mobility and location data to help businesses optimise where, when, and how they engage their audiences, ultimately driving stronger customer connections and better marketing outcomes. Speaking at the...

  The West African Science Service Centre on Climate Change and Adapted Land Use (WASCAL) has called for stronger collaboration among governments, researchers, development partners, the private sector and communities to translate climate commitments into practical actions that improve livelihoods and build resilience across West Africa. Speaking at a World Environment Day celebration and Climate Action Dialogue in Accra, WASCAL Executive Director, Prof. Emmanuel Wendsongre Ramde, said the impacts of climate change are already being felt across the region through floods, droughts, heat stress, ecosystem degradation and threats to agriculture, health and livelihoods. The event, held under the theme “ From Global Commitments to Practical Implementation: Youth, Science and Diplomacy for Climate Action, ” brought together policymakers, diplomats, researchers, development partners, media practitioners, entrepreneurs and youth leaders to discuss pathways for implementing climate solution...

  A Suffolk MP said she had launched legal action against Elon Musk's xAI over the design of its Grok chatbot tool, after she claimed it was used to create fake images of her in a bikini. Jess Asato, the Labour MP for Lowestoft,  previously said she felt violated  after an image of her was manipulated using artificial intelligence. She said a legal case was filed at the High Court on Wednesday. The MP is seeking damages but also wants to set a precedent that would hold companies liable for the design of AI systems. xAI has been contacted for comment. It comes after a backlash earlier this year over how  Grok was being used to create false sexualised images . Asato was targeted in January after speaking up, she said, and spoke in the Commons at the time about how Grok had been used to create fake images of her. Amid the backlash, xAI said  users would no longer be able to use the tool to generate sexualised images of real people . It has since become illegal to c...

  Shareholders of Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has approved all resolutions tabled at its 2026 Annual General Meeting in Lomé, including the approval of a final dividend for the 2025 financial year – the Group’s first distribution to shareholders since 2022. The dividend payment of 0.16 US cents per share marks a significant milestone, validating the successful execution of the Group's Growth, Transformation and Returns (GTR) strategy. This strategy has focused on reinforcing the Group’s fundamentals, enhancing capital and asset quality, and prioritizing long-term resilience and shareholder value. The full year 2025 results prove that this disciplined approach is now translating into measurable value for our shareholders. For the year ended 31 December 2025, Ecobank reported record Profit Before Tax of US$801 million, up 21% year-on-year, while net revenues increased by 17% to US$2.45 billion. Pre-provision, pre-tax operating pr...

  The Ministry of Finance has released GH¢1.677 billion to the Ministry of Food and Agriculture in 2026, representing 85% of the ministry’s approved budget for Goods and Services, and Capital Expenditure (CAPEX). The disclosure was made by Deputy Minister for Finance Thomas Nyarko Ampem during the launch of Ghana’s National Pact for Agricultural Transformation, Food Security, and Employment (AgriConnect Compact) on Wednesday, June 3, 2026. The announcement directly challenges claims that the Ministry of Finance has failed to provide adequate funding to key ministries and state institutions. Speaking at the event, Nyarko Ampem said President Mahama’s administration is matching its agricultural transformation agenda with substantial financial commitments and targeted investments. According to him, the government’s commitment to agriculture is evident in a number of flagship programmes being implemented under the leadership of President John Dramani Mahama. He added that the governmen...

The pressure on the Ghana cedi is expected to persist in June 2026 as elevated energy prices continue to drive foreign exchange demand. According to IC Insights, a leading economic research firm, the rapid pace of depreciation, however, leaves room for late year correction. The local currency weakened 4.6% in May 2026 as corporate and portfolio-driven forex demand far exceeded the Bank of Ghana’s supply. Auction demand reached nearly four times available liquidity.  IC Insights said the surging foreign exchange demand deepens pressure on the cedi. The cedi endured intensified depreciation in May 2026, losing 4.6% against the US dollar as a surge in forex demand from corporates and portfolio calls outweighed supply, including the BoG’s weekly support. Total foreign exchange demand at the weekly BoG FX auction was US$3.83 billion, nearly 3.8 times the BoG supply, with the unmet demand exerting pressure on the local currency. We foresee continued pressure on the cedi as elevated energ...

  AngloGold Ashanti is targeting increased gold production from its Ghanaian operations in 2026 while continuing to make significant contributions to the country's economy through taxes, royalties, local procurement and community development investments. Speaking at the 2026 West African Mining and Power Exhibition and Conference (WAMPEX) in Accra, Managing Director of the AngloGold Ashanti Obuasi Mine is Samuel Boakye Pobee, said the company remains committed to supporting Ghana's mining sector growth and broader economic transformation. AngloGold Ashanti, the headline sponsor of WAMPEX 2026, expects production from its two Ghanaian mines—Obuasi and Iduapriem—to exceed 2025 levels. According to the company, the Obuasi Mine is projected to produce between 250,000 and 300,000 ounces of gold in 2026, while the Iduapriem Mine is forecast to produce between 222,000 and 230,000 ounces. The projections follow a strong performance in 2025, when Obuasi produced approximately 266,000 o...

  The Ghana Chamber of Mines has renewed calls for the formalisation of the artisanal and small-scale mining (ASM) sector, arguing that the move is critical to curbing illegal mining, increasing government revenue, and ensuring mining communities benefit more from the country's mineral wealth. Speaking in a joint interview after the opening day of the three-day West African Mining and Power Exhibition (WAMPEX) 2026 in Accra, Chamber President Michael Edem Akafia and Chief Executive Officer Ign. Ken Ashigbey said illegal mining remains a major challenge across the West African sub-region and announced plans to develop a framework that would allow large-scale mining companies and small-scale miners to coexist while helping government formalise the sector. According to the Chamber, artisanal and small-scale miners accounted for about 52 percent of Ghana's gold production in 2025, yet contributed only a fraction of the tax revenues generated by the mining industry. Ashigbey said fo...

 Ghana is positioning itself as a leading destination for critical minerals processing, value addition and responsible mining investment as global demand for minerals essential to the energy transition and emerging technologies continues to surge. Speaking at the opening of the 2026 West African Mining and Power Exhibition and Conference (WAMPEX) in Accra, Lands and Natural Resources Minister Emmanuel Armah-Kofi Buah said the country is moving beyond its traditional role as a producer of raw minerals to become a centre for mineral beneficiation, industrial development and sustainable resource management. Addressing delegates from across the mining and energy sectors, Buah said the growing global demand for critical minerals such as lithium presents Ghana and the wider West African region with a historic opportunity to attract investment, acquire new technologies and build resilient industrial value chains. He stressed that Ghana's ambition is not only to maintain its position as Af...

  Second Deputy Governor of the Bank of Ghana, Matilda Asante-Asiedu, has declared that Ghana's economy has achieved significant stability following two years of difficult reforms but warned that sustaining those gains will require continued discipline from government, businesses and financial institutions. Delivering the keynote address at The Money Summit 2026 in Accra, Asante-Asiedu said Ghana's economic recovery has been stronger and faster than many expected, with inflation, interest rates and borrowing costs all declining significantly while external reserves and economic growth continue to improve. Speaking on the theme, "Building Trust, Capital and Stability for Ghana's Economic Future," she described the economy as stable but cautioned that global uncertainties, including geopolitical tensions and volatility in oil markets, remain potential threats. Through discipline and no small measure of sacrifice, we have secured stability. That is the achievement o...

  The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has defended government’s decision to allow operations to continue at the Damang Mine despite the absence of parliamentary ratification for its new management arrangement. The mine is currently being operated by Engineers and Planners after taking over operations following the expiration of the lease previously held by Gold Fields. Government declined to extend the former lease, with Engineers and Planners reportedly winning the bid process with over 90 percent. Speaking in an interview, Buah disclosed that government is preparing to send several pending mining agreements to Parliament for ratification, including the Damang arrangement. We are very shortly going to go into Parliament with a lot of ratification, not only with Damang Mine, but a lot of other outstanding ratification,” the Minister said. “We have already engaged the leadership of Parliament on giving them a list of ratification that we intend to...

  The Bank of Ghana (BoG) is increasing the amount of foreign exchange it will make available to the market under its Forex Intermediation Programme for June 2026, as the cedi continues to come under pressure. The central bank plans to auction up to $1.2 billion this month, up from the US$1 billion it sold in May. It is not immediately clear whether the decision was influenced by the recent depreciation of the cedi or forms part of the Bank’s broader forex support strategy for 2026. However, a circular to commercial banks sighted by JOYBUSINESS indicated that future monthly auction volumes will be determined by prevailing market conditions. New FX operations framework In its June FX Intermediation notice to banks, the central bank said its actions will be guided by its newly approved foreign exchange operations framework. The Bank explained that it has begun implementing measures to support reserve accumulation while ensuring FX interventions are available to dampen excessive marke...

  Finance Minister Dr. Cassiel Ato Forson is optimistic inflation will not go beyond 5% by the end of the year. He, however, sees inflation rising further in the coming months, from the current 3.4 % due to developments in the Middle East and rising crude prices. The finance minister disclosed in an interview with Bloomberg in London. According to him, the government has implemented measures to stabilise the economy, and so far, the country has managed those shocks well. He was, however, worried about the rising fuel prices and the impact on the country’s balance of payment, since the country will have to use more forex from the reserves to shore up the cedi. We are also worried about the impact on fertiliser and how that could also affect farming”, the minister noted Ghana’s Growth Numbers for 2026 The finance minister in the 2026 Budget projected that Ghana will end the year with a growth rate of 4.8%. However, speaking in an interview with the Bloomberg, Dr. Ato Forson said the ...

  The Head of the Ghana Revenue Authority’s (GRA) International Tax Office, Nana Mensah Otoo Esq., says the GRA is set to fully digitalise the application process for taxpayers and multinational companies seeking treaty benefits, a move aimed at improving efficiency and accessibility. Speaking during a UK-Ghana Chamber of Commerce (UKGCC) and PwC Ghana webinar on “Double Taxation Agreements (DTAs) & International Tax Cooperation: what multinationals need to know”, Otoo disclosed that the move has significant implications for businesses operating across borders. By streamlining applications, the GRA aims to lower compliance costs, improve certainty in tax treatment, and enhance access to treaty benefits for qualifying taxpayers. Otoo noted that at present, verification processes, including confirmation of tax residency certificates with treaty partners, can extend processing periods.  A major challenge is that most taxpayers fail to submit critical contract details. They al...