business news

2027: Makinde pledges to revive South-East industries
business

2027: Makinde pledges to revive South-East industries

Makinde pledges to revive South-East industries. …Promises to tackle 25% interest rates, expand long-term financing By Chinedu Adonu ENUGU — The presidential candidate of the Allied Peoples Movement (APM), Seyi Makinde, has pledged to tackle high interest rates and improve access to long-term financing to revive industries, expand businesses and create jobs in the South-East if elected president in 2027.

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California weather is ‘well into extreme territory’ with historic high tides
business

California weather is ‘well into extreme territory’ with historic high tides

Seawater surges into low-lying communities from San Diego to San Francisco Bay Area, submerging streets, homes and businesses Historic high tides have caused chaos up and down the California coast this week, as parts of the state were inundated by record-breaking water levels. Seawater surged into low-lying communities from San Diego to the San Francisco Bay Area, submerging streets, flooding homes and businesses, and jamming important transportation corridors and train routes.

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Jinapor swears in reconstituted BOST Energies board
business

Jinapor swears in reconstituted BOST Energies board

Energy and Green Transition Minister Dr John Abdulai Jinapor has sworn in a reconstituted Board of BOST Energies Limited, charging members to strengthen corporate governance, improve operational efficiency and safeguard the company’s long-term sustainability. Other members are Seidu Alhassan Alfajor, Atchere Asuah, Esq., Dr Samuel Ayeh, Albert Anarwat, Otoo Allister, Dr Ernest Norgbey and Sheriff Abudu.

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At BRICS, India must bank on the NDB
business

At BRICS, India must bank on the NDB

India should use BRICS to maximise the grouping’s potential without strengthening Beijing, with the New Development Bank offering a practical avenue for cooperation; strengthening the NDB through greater capital, membership and local-currency lending can make BRICS more relevant

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MTN Ghana extends National Business Pitch to all 16 regions, offers GH¢300,000 grand prize
business

MTN Ghana extends National Business Pitch to all 16 regions, offers GH¢300,000 grand prize

Small and medium-sized enterprises (SMEs) across Ghana will have the opportunity to compete for a GH¢300,000 national grand prize under MTN Ghana’s National Business Pitch, which is being extended to all 16 regions. Senior Manager for SME Sales, Business Broadband and Partnerships at MTN Ghana, Abubakar Sadiq Mohammed, says the expansion will give more businesses across the country the opportunity to benefit from the initiative.

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Brent crude to fall to an average US$71 per barrel in 2027 – Fitch Solutions
business

Brent crude to fall to an average US$71 per barrel in 2027 – Fitch Solutions

In its latest article “Sub-Saharan Africa Weathers US-Iran Price Shock Due To FX Resilience, But 2027 Risks Are Building”, the UK-based firm said this will force headline inflation across most SSA markets to ease gradually in 2027. “When Russia invaded Ukraine in February 2022, regional inflation jumped by 3.2pp [percentage points] in the first five months of the conflict, more than double the rise seen following the outbreak of the 2026 US-Iran conflict, despite comparable moves in global energy benchmarks”.

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Ghana CEO Vision Expo seeks solutions to bridge gaps in government’s reset agenda
business

Ghana CEO Vision Expo seeks solutions to bridge gaps in government’s reset agenda

Founder and Chief Executive of Ghana CEO Vision and Awards, Latif Abubakar, said the dialogue was intended to generate practical recommendations to complement government’s efforts to reset the economy. The 5th Ghana CEO Vision Expo and Awards was held under the theme, “Reimagining Ghana’s Future: CEOs at the Heart of the Reset Agenda.”

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The West pushing Africa back into debt abyss – Putin
business

The West pushing Africa back into debt abyss – Putin

Russian President Vladimir Putin has accused Western countries of using debt, economic sanctions and trade restrictions to maintain influence over Africa, warning that harsh financing conditions could undermine the continent’s development. Speaking at the third Russia-Africa Summit in Moscow on Wednesday, October 28, Mr Putin accused Western powers of pressuring African countries into financial arrangements that could divert resources from development priorities to debt repayment.

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IEA launches one-year project to support Ghana’s Nuclear Power Programme
business

IEA launches one-year project to support Ghana’s Nuclear Power Programme

The Institute of Economic Affairs (IEA Ghana), through its Nuclear Energy Centre of Excellence, has launched a one-year initiative aimed at supporting selected priority activities under Phase Two of Ghana’s Nuclear Power Programme. Ghana is currently implementing Phase Two of the International Atomic Energy Agency’s (IAEA) Milestones Approach, a structured framework that guides countries developing nuclear power programmes through the institutional, technical, regulatory and financial preparations required for the safe, secure and sustainable introduction of nuclear electricity generation.

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Healey’s budget paves way for ‘brutal’ spending review next year, warns IFS
business

Healey’s budget paves way for ‘brutal’ spending review next year, warns IFS

Thinktank says chancellor has given himself a mountain to climb after ducking big decisions in low-key speech John Healey has paved the way for a “brutal” spending review next year after his budget failed to cover a £28bn shortfall in the public finances needed to avoid a return to austerity, according to Britain’s leading tax and spending experts. A day after his address to the Commons, the Institute for Fiscal Studies (IFS) said the chancellor had left himself a mountain to climb by ducking several big decisions in his debut tax and spending statement.

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UK social media ban may lock out more than 100,000 teenagers without ID
business

UK social media ban may lock out more than 100,000 teenagers without ID

Watchdog says under-16 ban may affect older teenagers without passport or licence, and that ‘motivated children’ will skirt restrictions More than 100,000 British teenagers risk being locked out of social media in the UK if they do not have a passport or driving licence when an under-16 ban is introduced next year. Ofcom, the UK’s online watchdog, said about 150,000 16 to 17-year-olds do not own a passport or driving licence, which are likely to be needed to access age-restricted platforms.

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Private sector benefiting from low lending rates – BoG Governor
business

Private sector benefiting from low lending rates – BoG Governor

Average lending rates in Ghana have declined from 30.25% in December 2024 to 15.7% in September 2026, while private sector credit growth has strengthened to 26.4%, according to the Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama. Dr Asiama said reliable statistics remained essential for monetary policy, financial regulation and investment decisions, commending the Ghana Statistical Service for bringing key economic and financial indicators together in the Ghana in Numbers 2025 publication.

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HMRC puts 200 billionaires on UK tax crackdown hitlist
business

HMRC puts 200 billionaires on UK tax crackdown hitlist

‘Compliance managers’ to have discussions with authority’s wealthiest customers in aim to raise tax revenues Business live – latest updates The UK’s tax authority is assigning dedicated “customer compliance managers” to more than 200 billionaires as part of a crackdown meant to raise £500m for the public purse. HM Revenue and Customs (HMRC) said it had for the first time compiled a list of billionaires who are required to pay tax in the UK, regardless of whether they formally live in the country, to tackle a “wealthy tax gap” caused by those who do not pay what they ought.

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Explorco reports improved 2025 performance ahead of Voltaian Basin drilling
business

Explorco reports improved 2025 performance ahead of Voltaian Basin drilling

GNPC Exploration and Production Limited (Explorco) says its financial position improved in 2025 as it prepares for an onshore drilling campaign in the Voltaian Basin in the fourth quarter of 2026. Those present included Mr Gyan-Mensah, Dr Anafure, Mr Opoku Arthur and GNPC Chief Executive Officer Kwame Ntow Amoah.

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Titus Glover pours libation over La Pleasure Beach demolitions (Video)
business

Titus Glover pours libation over La Pleasure Beach demolitions (Video)

Former Greater Accra Regional Minister Titus Glover has poured libation, calling on traditional deities to intervene in the demolition of structures at La Pleasure Beach, which has affected businesses and livelihoods. The demonstration follows calls by the Coalition of La Associations (COLA) to the government and relevant authorities in seven days to respond to demands for compensation for businesses and traders affected by the demolition exercises at Laboma Beach Resort and La Pleasure Beach.

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