Kofi Ahovi

  The Gambia stunned Ghana with a 4-2 victory at the Accra Sports Stadium, condemning the Black Stars to their second consecutive defeat in the 2027 AFCON qualifiers at the Accra Sports Stadium on Tuesday evening. The defeat marked Ghana’s second consecutive loss after the Black Stars opened their qualifying campaign with a 2-0 defeat to Côte d’Ivoire in Bouaké, leaving them without a point from their opening two matches. Ghana started the game brightly in front of a crowd of fewer than 10,000 spectators and dominated possession during the opening stages. However, the Black Stars struggled to turn their control of the ball into clear-cut opportunities, with much of their possession taking place in their own half as The Gambia maintained a compact defensive shape. Ghana eventually broke the deadlock in the 27th minute after Jerome Opoku was brought down inside the penalty area following a corner-kick situation. Ernest Nuamah stepped up and calmly converted from the spot to give the ...

  By Faustina Dagadu Tullow Oil has expressed disappointment with an International Chamber of Commerce (ICC) tribunal ruling upholding a corporate income tax assessment linked to its operations in Ghana. The oil producer said it was reviewing the decision and would engage further with the Government of Ghana before determining its next steps. In a notice to investors and shareholders, Tullow said: “Tullow is disappointed that the Tribunal has come to this decision and will now consider next steps after further engagement with the Government of Ghana.” The company said it would update the market on its next course of action in due course. The dispute relates to a US$196.5 million corporate income tax assessment concerning proceeds received by Tullow under its corporate Business Interruption Insurance Policy for the 2016–2019 period. Tullow confirmed that it was aware of the ICC tribunal's decision and acknowledged the finding that the Ghana Revenue Authority's (GRA) tax assessme...

  Ghana has secured a major victory in an international tax dispute with Tullow Ghana Limited after an International Chamber of Commerce (ICC) arbitral tribunal upheld a US$393.09 million tax assessment issued by the Ghana Revenue Authority (GRA). The tribunal, sitting under the ICC Rules of Arbitration, dismissed Tullow's claims and upheld the GRA's assessment of US$393,091,993.70, according to a statement from the Ministry of Finance. The award, delivered on September 29, 2026, also found that the tax assessment did not breach the petroleum agreements governing Tullow's operations in Ghana. The tribunal further ruled that the penalty imposed by the GRA was properly applied, the assessment was not time-barred and the GRA's enforcement action was lawful. Finance Minister Dr. Cassiel Ato Forson said the ruling affirmed the government's position in the dispute and commended the Office of the Attorney-General, the GRA and Ghana's external legal counsel, Foley Hoag ...

By Perfect Fafa Wegba MobileMoney FinTech Limited (MMFL), in partnership with Universal Merchant Bank (UMB) and Colormark, has trained members of the Ghana Hairdressers and Beauticians Association as part of efforts to strengthen the capacity of micro, small and medium-sized enterprises (MSMEs). The capacity-building programme, held in Accra, focused on customer service, financial literacy and digital tools to help participants improve the way they manage and grow their businesses. The programme is part of a series of MSME-focused activities organised by MMFL this year, with previous sessions held in Kumasi and Takoradi. Charles Osei Owusu, Senior Manager, Fintech Business Development, said the initiative was designed to give small business owners practical knowledge while also helping them access financial services through digital channels. We are empowering them with a capacity training programme which focuses on customer service experience, financial literacy, digital tools, and of ...

  Suma Community Bank Plc, based at Suma-Ahenkro in the Jaman North District of the Bono Region, nearly doubled profit before tax in 2025 as stronger deposits, loan growth, recoveries and cost controls boosted its earnings. Profit before tax rose 94.7% to GH¢9.26 million in 2025, from GH¢4.75 million a year earlier, while profit after tax increased 88.3% to GH¢6.45 million from GH¢3.43 million. Total assets expanded 51% to GH¢149.14 million, while customer deposits climbed 54% to GH¢130.34 million. Loans and advances rose 66% to GH¢29.85 million, reflecting increased lending during the period. Investment securities increased 13.8% to GH¢70.70 million from GH¢62.14 million, while liquid assets rose to GH¢105.71 million from GH¢72.21 million. Shareholders’ funds increased 83.9% to GH¢12.84 million from GH¢6.98 million. Total stated capital stood at GH¢2.38 million as of December 2025. The bank maintained a Capital Adequacy Ratio of 21.55%, above the regulatory minimum of 10%, despite...

 MTN Ghana has been recognised with four awards at the 6th National Governance and Business Leadership Summit (NGBLS) 2026, in recognition of the company's excellence in procurement, supply chain management, and business operations. The summit, held on Friday, September 25, 2026, under the theme "Governance, Integrity & Enterprise Performance in a Transforming Economy", brought together leaders from business, governance, regulation, and professional services to discuss corporate governance, ethical leadership, accountability, and sustainable growth. The honours received by MTN Ghana and members of its Supply Chain Management team were: Excellence in Strategic Procurement & Supply Chain Management (Telecommunications) – MTN Ghana Outstanding Supply Chain Transformation Team of the Year (Telecommunications) – MTN Ghana Supply Chain Management Team Supply Chain Leader of the Year (Telecommunications) – Patrick Afari, General Manager, Supply Chain and General Services...

  By Albert Amekudzi Ghana’s mines spend billions of dollars annually on goods and services, yet many critical inputs are still manufactured abroad. A deliberate mining-led industrialisation strategy could turn this purchasing power into factories, skilled jobs, tax revenues, foreign-exchange savings and a new export industry serving West Africa. Every mine is also a major industrial consumer. It buys chemicals, machinery, pipes, valves, wear parts, processing materials and engineering services. Yet many of these inputs ultimately originate from factories thousands of kilometres away. This represents one of Ghana's greatest untapped industrial opportunities. According to the Ghana Chamber of Mines, mining companies spent approximately US$3.46 billion on goods and services in 2025. The Chamber has consequently called for Ghana to progress from local procurement towards actual local manufacturing. Government should translate this enormous purchasing power into a deliberate Mining Inp...