business news

Ghana targets $1.2bn investment and 150,000 jobs under new textile policy
business

Ghana targets $1.2bn investment and 150,000 jobs under new textile policy

Ghana is targeting about $1.2 billion in investment and 150,000 direct and indirect jobs over the next decade under a new textile and garment policy approved by Cabinet. Switzerland’s Deputy Head of Mission and Head of Cooperation to Ghana, Janine Walz, called for a coordinated approach to job creation, stressing that improvements in productivity and employment require collaboration across businesses and institutions.

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Google value plunges by $500bn as AI fears rattle Wall Street
business

Google value plunges by $500bn as AI fears rattle Wall Street

Google parent Alphabet lost just over $500bn (£374bn) in value on Thursday after it rattled Wall Street with its last update of the year on its business operations. Google AI is eating its core business – search At first glance, the quarterly results of Alphabet, the parent company of Google, were not at all bad.

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Twellium Ghana and its expansion across West Africa
business

Twellium Ghana and its expansion across West Africa

Twellium Industrial Company Limited has developed its Ghanaian manufacturing business into a regional network spanning Ghana, Burkina Faso and Senegal. The Ghana Export Promotion Authority lists Burkina Faso, Liberia, Mali and Côte d’Ivoire among the company’s export destinations, together with other West African markets.

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Oil prices fall as peace hopes offset fears of growing Middle East conflict
business

Oil prices fall as peace hopes offset fears of growing Middle East conflict

Oil prices fell Thursday, paring back the previous day’s gains as hopes for peace talks eased renewed concerns about Middle East supply disruptions from escalating regional conflict. US Vice President JD Vance sought to revive peace negotiations by sending a ⁠letter to Iranian Security Council chief Mohsen Rezaei, the Wall Street Journal said on Wednesday, citing US ​officials and people familiar with the matter.

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Ghana woos Polish investors with access to African markets
business

Ghana woos Polish investors with access to African markets

Ghana has urged Polish and other European businesses to invest in the country, citing its democratic stability, access to African markets and improving economic conditions as key advantages. Mr Ahi also highlighted Ghana’s role as host of the Secretariat of the African Continental Free Trade Area (AfCFTA), describing it as a strategic advantage for businesses seeking access to the wider African market.

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Responsible mining must be the standard, not the exception – Dr Zanetor Rawlings
business

Responsible mining must be the standard, not the exception – Dr Zanetor Rawlings

The Minister for Environment, Science and Technology, Dr Zanetor Agyeman-Rawlings, has called for responsible mining practices to become the standard in Ghana, stressing that mineral extraction must not come at the expense of the environment. She made the call after visiting Zijin Mining’s operations at New Abirem in the Eastern Region as part of a field tour to assess the environmental impact of mining activities.

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African CEOs remain confident in growth, but economic uncertainty, AI readiness will shape next phase of investment – KPMG
business

African CEOs remain confident in growth, but economic uncertainty, AI readiness will shape next phase of investment – KPMG

African business leaders remain confident about growth, but converting that confidence into sustained performance will depend on how effectively organisations navigate economic uncertainty, geopolitical disruption, technological change and structural constraints, according to the 2026 KPMG Africa CEO Outlook. The third edition of the KPMG Africa CEO Outlook examines the priorities shaping business leadership across the continent, from investment and growth expectations to emerging risks, artificial intelligence (AI), talent and sustainability.

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MTN’s profit before tax for Q3 hits GH¢ 11.3 billion
business

MTN’s profit before tax for Q3 hits GH¢ 11.3 billion

Service revenue increased by 33.5% YoY to GH¢ 23.2 billion in the first nine months of 2026, reflecting what MTN describes as continued execution across both our Connectivity and Fintech businesses. According to MTN Ghana Chief Executive Officer Stephen Blewett, growth remained well diversified across the company’s key revenue streams.

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Healey backs away from cutting welfare cost despite warnings of public finance shortfall
business

Healey backs away from cutting welfare cost despite warnings of public finance shortfall

Experts round on chancellor over ‘scattergun’ budget, saying he ducked big tax and spending decisions John Healey has backed away from cutting the cost of welfare this parliament, amid dire warnings his first budget could lead to brutal spending cuts because of a £28bn shortfall in public finances. Experts rounded on Healey’s steady-as-she-goes budget on Thursday, with the Institute for Fiscal Studies saying he had left himself a mountain to climb by ducking big tax and spending decisions.

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5th Edition of Ghana Corporate Brands Conference and Honours launched
business

5th Edition of Ghana Corporate Brands Conference and Honours launched

Maven Communications is set to bring together C-suite executives, brand and marketing leaders, communications practitioners, customer experience professionals, academics and policymakers for the fifth edition of the Ghana Corporate Brands Conference and Honours, a platform focused on the future of branding in Ghana’s evolving business environment. Under the theme, “Shaping the Future of Corporate Branding in Ghana: Building Brands with Strategic Intent, Inspiring Excellence, and Earning Lasting Trust”, the event is expected to convene key voices from business, academia and industry to discuss…

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NAIMOS targets suppliers of equipment used in illegal mining in Aowin and Enchi
business

NAIMOS targets suppliers of equipment used in illegal mining in Aowin and Enchi

The National Anti-Illegal Mining Operations Secretariat (NAIMOS) has announced plans to target individuals and businesses manufacturing or selling equipment used in illegal mining as part of efforts to curb galamsey in Aowin and Enchi in the Western North Region. Aowin and Enchi are endowed with gold deposits, forest reserves and major water bodies, including the Tano and Bia rivers.

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Moonshot 2026: ‘Stablecoins here to optimise financial system, not replace it’
business

Moonshot 2026: ‘Stablecoins here to optimise financial system, not replace it’

The speakers made the remarks during a panel session titled “The New Payment Backbone: Stablecoins as Core Infrastructure for Global Liquidity” on the Emerging Tech Stage, where industry leaders discussed how stablecoins could reshape payments across Africa and the global financial system. Tayo Oviosu, Group Chief Executive Officer of Paga, said widespread stablecoin adoption would require collaboration among financial technology companies, sufficient liquidity and simpler access for everyday users.

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Farmer Globale earns international recognition for climate-smart rice farming
business

Farmer Globale earns international recognition for climate-smart rice farming

A Ghanaian agribusiness company, Farmer Globale, has earned international recognition at the Africa Sustainable Futures Awards, hosted by the Financial Times in partnership with the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) in the United Kingdom on October 21 and 22, 2026. About Farmer Globale Established in 2017, Farmer Globale is a Ghanaian agribusiness development organisation focused on sustainable agriculture, agricultural technology and inclusive rural development.

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Ghana and Poland explore investment opportunities and security cooperation
business

Ghana and Poland explore investment opportunities and security cooperation

Ghana and Poland have reaffirmed their commitment to strengthening bilateral relations, with discussions focusing on trade, investment, industrial development, technology, education and security. The commitment was reiterated when Deputy Minister for Foreign Affairs, James Gyakye Quayson, met Poland’s Undersecretary of State for Foreign Affairs, Wojciech Zajaczkowski, at the Ministry of Foreign Affairs in Accra on Thursday, October 29, 2026.

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La residents petition Mahama over Laboma, Kajano and Labadi Beach demolitions
business

La residents petition Mahama over Laboma, Kajano and Labadi Beach demolitions

Hundreds of protesters from La communities have petitioned President John Dramani Mahama over the demolition of businesses at Laboma, Kajano and Labadi Beach, demanding compensation and government intervention to address the loss of livelihoods. Among those affected was a business owned by former New Patriotic Party (NPP) National Chairman Freddie Blay, who joined the demonstration in solidarity with the affected communities.

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Only 7.7% of Ghana’s 2.64m businesses operate formally – Government Statistician
business

Only 7.7% of Ghana’s 2.64m businesses operate formally – Government Statistician

Government Statistician Dr Alhassan Iddrisu says only 7.7% of Ghana’s 2.64 million businesses were operating formally in 2024, highlighting persistent challenges in business formalisation and job creation. Publication aims to support evidence-based policymaking Ghana in Numbers 2025 consolidates statistics on population, social development, governance, the environment and the Sustainable Development Goals into a single publication.

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