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BoG to host Queen Máxima of Netherlands on November 4, 5, 2026
business

BoG to host Queen Máxima of Netherlands on November 4, 5, 2026

The Bank of Ghana would host Queen Máxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Financial Health (UNSGSA), on 4 and 5 November 2026. The visit follows discussions between Queen Máxima, the Minister for Finance, Dr Cassiel Ato Forson and the Governor of the Bank of Ghana at the Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group, where financial health featured as an important priority for advancing economic resilience and inclusive growth.

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Tell us: are you changing how you celebrate Christmas this year?
business

Tell us: are you changing how you celebrate Christmas this year?

With household budgets under pressure due to rising costs, we want to hear if you are doing anything differently this festive season With just over seven weeks until Christmas, and the cost of living continuing to put pressure on household budgets, are you planning to celebrate differently this year to save money or reduce waste? Maybe you’re focusing more on spending time together and sharing experiences rather than exchanging gifts or finding other ways to make Christmas less wasteful.

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VALCO returns to profitability with $1.4m positive EBITDA in first nine months of 2026
business

VALCO returns to profitability with $1.4m positive EBITDA in first nine months of 2026

The Volta Aluminium Company Limited (VALCO) has recorded a positive Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $1.4 million for the first nine months of 2026, reversing a $13.08 million negative EBITDA recorded during the same period last year. Dr Sambian attributed the improved performance partly to the commercial operation of VALCO’s first value-addition production line, the Continuous Casting and Rolling (CCR) Electrical Grade Rod Mill.

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Ghanaian consumer packaged goods increased by 8.9% in half-year 2026 – Maverick Research
business

Ghanaian consumer packaged goods increased by 8.9% in half-year 2026 – Maverick Research

Recent data from Maverick Research, which measures Consumer Packaged Goods (CPG) performance across West African markets, shows that Ghanaian CPG volumes increased by 8.9% in the first half of 2026, alongside value growth of 15.6%. 80% of Ghana’s five biggest share gainers over the past two years — Viju, Verna, Malta Guinness, Geisha and Bigoo — expanded their distribution.

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VALCO expansion must be backed by Ghana-specific sustainability evidence – Corporate finance professional
business

VALCO expansion must be backed by Ghana-specific sustainability evidence – Corporate finance professional

Corporate finance professional, John Boafo, has urged the government to back its ambition to increase production at the Volta Aluminium Company Limited (VALCO) to at least 200,000 tonnes annually by the end of 2028 with credible, locally grounded sustainability evidence. Mr Boafo argues that relying solely on international sustainability benchmarks could overlook Ghana’s specific economic, institutional and environmental circumstances, potentially limiting investors’ understanding of the project’s actual value.

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VALCO expansion must be backed by Ghana-specific sustainability evidence – Researcher
business

VALCO expansion must be backed by Ghana-specific sustainability evidence – Researcher

Ghanaian finance professional and researcher, John Akwetey Boafo, has urged the government to back its ambition to increase production at the Volta Aluminium Company Limited (VALCO) to at least 200,000 tonnes annually by the end of 2028 with credible, locally grounded sustainability evidence. Republic of Ghana+1 Finance professional and researcher, John Akwetey Boafo Mr Boafo’s concerns are informed by a systematic review of sustainable banking and Environmental, Social and Governance (ESG) integration research, which he co-authored and published in July 2025 in the Interdisciplinary Journal…

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KPC foils attempt to siphon fuel from Mombasa pipeline
business

KPC foils attempt to siphon fuel from Mombasa pipeline

NAIROBI, Kenya, Nov 3 -The Kenya Pipeline Company (KPC) has foiled an attempt to steal petroleum products through an illegal connection on a pipeline linking two pumping stations in Mombasa County. KPC General Manager for Human Resource and Administration Dinah Kirwa said the attempted theft was stopped before any petroleum products were lost.

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Financing gaps threaten growth of Ghana’s electric two-wheeler industry – GCCE
business

Financing gaps threaten growth of Ghana’s electric two-wheeler industry – GCCE

The Ghana Chamber of Clean Energy (GCCE) has identified seven major financing constraints affecting businesses in Ghana’s electric two-wheeler industry, warning that the challenges could limit the sector’s growth. The concerns were outlined at a stakeholder consultative workshop organised by GCCE in partnership with the William Davidson Institute (WDI) at the University of Michigan in Accra on Tuesday, October 27, 2026.

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Falling revenues, bigger losses, higher wages: Prem Rugby clubs’ debt climbs to £366m
business

Falling revenues, bigger losses, higher wages: Prem Rugby clubs’ debt climbs to £366m

Falling revenues, bigger losses, higher wages: Prem Rugby clubs’ debt climbs to £366m. Six clubs found to be balance-sheet insolvent Spending restraint urged despite investment Prem Rugby clubs’ collective losses and debt levels are continuing to increase despite growing interest from global companies and financiers shown by the recent investment of Red Bull, Sir James Dyson, and the Black Knight group which owns AFC Bournemouth. The third edition of the Leonard Curtis Rugby Finance Report published on Tuesday shows that the financial losses of the 10 Prem clubs rose from £34m to £36.5m over t

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business

FG laying solid AI foundation for businesses to thrive – Tijan

Dr Bosun Tijani, the Minister of Communication and Digital Economy says the Federal Government is laying the foundation for Artificial Intelligence (AI) adoption in Nigeria. He said Nigeria had also developed a government-backed large language model capable of communicating in Yoruba, Hausa, Igbo, Ibibio and accented English.

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GCCE and WDI hold stakeholder consultations on financing Ghana’s electric two-wheeler industry
business

GCCE and WDI hold stakeholder consultations on financing Ghana’s electric two-wheeler industry

The Ghana Chamber of Clean Energy (GCCE), in partnership with the William Davidson Institute (WDI) at the University of Michigan, USA, convened a stakeholder consultative workshop in Accra on Tuesday, 27 October 2026, to examine financing constraints for Ghana’s growing electric two-wheeler manufacturing, assembling, and retail businesses and also explore policy solutions to improve access to capital. Delivering the opening remarks, Ms. Emmanuella Biney, GCCE Programmes and Outreach Manager, emphasized that addressing the sector’s financing challenges requires more than increasing the…

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Fitch affirms Absa Bank at ‘BB’; outlook stable
business

Fitch affirms Absa Bank at ‘BB’; outlook stable

Fitch Ratings has affirmed Absa Group Limited’s (ABG) and Absa Bank Limited’s (ABL) Long-Term Issuer Default Ratings (IDRs) at ‘BB’. Fitch has also affirmed ABG’s and ABL’s Viability Ratings (VR) at ‘bb’ and National Long-Term Ratings at ‘AAA (zaf)’.

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Fitch affirms Standard Bank at ‘BB’; outlook stable
business

Fitch affirms Standard Bank at ‘BB’; outlook stable

Fitch Ratings has affirmed Standard Bank Group Limited’s (SBG), the parent company of Stanbic Bank Ghana and the Standard Bank of South Africa Limited’s (SBSA) Long-Term Issuer Default Ratings (IDRs) at ‘BB’. The National Ratings are the highest attainable on South Africa’s National Rating scale and reflect SBG’s creditworthiness in local currency relative to that of other South African issuers.

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US to exclude S. Africa, Rwanda from Africa duty-free trade deal
business

US to exclude S. Africa, Rwanda from Africa duty-free trade deal

The United States Trade Representative on Monday said Washington would exclude South Africa and Rwanda from a major Africa-US duty-free trade deal, a blow to both economies, over practices “inconsistent” with the deal’s eligibility criteria. “The situation in the DRC, the political situation, the security situation, is mainly a Congolese issue,” Rwandan Foreign Minister Olivier Nduhungirehe told AFP on the sidelines of a Russia-Africa summit in Moscow before the US sanctions were imposed.

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VALCO breaks years of losses, posts US$1.3m profit on US$103.5m revenue
business

VALCO breaks years of losses, posts US$1.3m profit on US$103.5m revenue

The Volta Aluminium Company Limited (VALCO) says it has returned to profitability, recording a profit of US$1.3 million on the back of US$103.5 million in revenue as of September 2026. Dr. Sambian said VALCO has also aligned its operations with President John Mahama’s 24-hour economy initiative, introducing a schedule of one job, four shifts and four workers to support round-the-clock production.

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Virgin Media O2 to cut thousands of jobs as it plans £800m cost savings
business

Virgin Media O2 to cut thousands of jobs as it plans £800m cost savings

Up to 25% of 16,000 workforce could go as telecoms group says it will increase use of AI in areas including customer service Business live – latest updates Virgin Media O2 is to cut thousands of jobs in an £800m cost-cutting drive as the telecommunications company aims to tackle its £22bn debt pile. VMO2, which is jointly owned by Liberty Global and Telefónica, said £300m of the savings target will come from job cuts that will reduce the company’s employee wage bill by 30% over the next two years.

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