business news

Sir Sam Jonah shares life lessons on courage, humility and character at TrueLife Experience
business

Sir Sam Jonah shares life lessons on courage, humility and character at TrueLife Experience

Business leader Sir Sam Jonah has recounted how his upbringing in the mining town of Obuasi shaped his understanding of inequality, humility and respect for others. Sir Sam Jonah said although wealth was being generated through gold mining in Obuasi, he observed that the people undertaking some of the hardest work did not necessarily have a corresponding say in how that wealth was managed.

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Ablakwa announces new trade and diplomatic initiatives with Caribbean countries
business

Ablakwa announces new trade and diplomatic initiatives with Caribbean countries

The progress follows a series of bilateral meetings between Mr Ablakwa and his counterparts from Antigua and Barbuda, Jamaica and Trinidad and Tobago on the sidelines of the Commonwealth Heads of Government Meeting (CHOGM) in Antigua and Barbuda. Mr Ablakwa also announced that a new visa waiver arrangement covering all categories of passport holders is expected to strengthen relations between Ghana and Antigua and Barbuda.

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GH¢31bn informal cross-border trade faces hurdles despite AfCFTA commitments
business

GH¢31bn informal cross-border trade faces hurdles despite AfCFTA commitments

Informal cross-border trade in Ghana, estimated at GH¢31 billion in the first three quarters of 2025, continues to face significant operational challenges, raising concerns about the country’s ability to fully harness the benefits of the African Continental Free Trade Area (AfCFTA). The figures, cited from the Ghana Statistical Service at a stakeholder dialogue in Aflao in the Volta Region, indicate that informal cross-border trade was approximately 54 per cent higher than trade recorded through formal land channels during the period.

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Cross-border traders allege harassment, illegal levies without formal complaint channels
business

Cross-border traders allege harassment, illegal levies without formal complaint channels

The concerns were raised at a stakeholder dialogue on safe and inclusive trade at Ghana’s borders, organised by the African Capacity Building Foundation (ACBF) in collaboration with the Ghana National AfCFTA Champions at Aflao in the Volta Region. Representatives of women traders from Elubo, Hamile, Paga, Aflao and Akanu recounted experiences of undocumented levies, harassment by officials, prolonged transit delays and the confiscation of their goods.

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Nasdaq heading for worst day in 18 months as Wall Street sustains widespread losses
business

Nasdaq heading for worst day in 18 months as Wall Street sustains widespread losses

Share index slumps 5% amid signs AI industry will face tougher regulation after Democrats’ midterm elections success The Nasdaq share index was on track for its worst day in 18 months after slumping by up to 5% on Thursday amid growing signs that the artificial intelligence industry will face tougher regulation because of the midterm election results. As Wall Street sustained widespread losses, the Nasdaq composite tumbled into ‘correction territory’ – more than 10% below its recent record high.

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Charity shops have value in the community
business

Charity shops have value in the community

They help volunteers to develop skills, make friends and find employment, says Antony David Davies Your article on the declining profitability of charity shops struck a chord with me (UK charity shop profits plummet amid shift in secondhand clothes market, 31 October). Charity shops were never just about making money.

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I wait for trouble every morning at work, drop problems after work — Dangote
business

I wait for trouble every morning at work, drop problems after work — Dangote

By Ebunoluwa Sessou Africa’s richest industrialist, Aliko Dangote, has said he confronts business challenges as they arise but deliberately leaves work-related problems behind when returning home to maintain a balance between his professional and personal life. He also disclosed that the Dangote Group was expanding its operations beyond Nigeria, announcing plans to establish a $2.5 million caprolactam farm and production line in Namibia.

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Ghana seeks deeper Chinese investment in mining and mineral processing
business

Ghana seeks deeper Chinese investment in mining and mineral processing

Ghana is seeking to expand its mining partnership with China, with a renewed push for investment in mineral processing, technology transfer and exploration as part of efforts to retain more value from the country’s natural resources. Deputy Minister for Lands and Natural Resources, Sulemana Yusif, led a Ghanaian delegation to meet the Vice-Chairperson of the People’s Government of Guangxi Zhuang Autonomous Region, Sui Guohua, in Nanning on Thursday, November 5, ahead of the China-ASEAN (Guangxi) Mining Cooperation Conference.

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Developing Countries’ Debt Hit Record $9.4trn In 2025 – World Bank
business

Developing Countries’ Debt Hit Record $9.4trn In 2025 – World Bank

Debt Hit Record $9.4trn In 2025 – World Bank. Haishan Fu, chief statistician at the World Bank Group, said the return of private lending to low- and middle-income countries was “welcome, but these countries are borrowing more, paying more, and in many cases leaving less for long-term development.”

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US seeks stronger trade ties with Nigeria
business

US seeks stronger trade ties with Nigeria

According to the Consulate, the American market offers Nigerian designers an opportunity to expand their businesses, while US retailers could use Nigeria as a gateway to the African market.

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Ghana targets financial health with new inclusion strategy for 2027–2031
business

Ghana targets financial health with new inclusion strategy for 2027–2031

Ghana is taking steps to shift its financial inclusion agenda from expanding access to financial services to improving the financial health and well-being of citizens. The Ministry of Finance, in collaboration with the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development, Her Majesty Queen Máxima of the Netherlands, has inaugurated a National Technical Working Committee to spearhead the development of the country’s second National Financial Inclusion and Development Strategy (2027–2031).

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New economy to ensure a stronger economy delivers financial security for Ghanaians
business

New economy to ensure a stronger economy delivers financial security for Ghanaians

Finance Minister Dr Cassiel Ato Forson has said Ghana’s economic progress must translate into greater financial security for its people, describing household wellbeing as a key goal of the New Economy. The Minister made the remarks after hosting Her Majesty Queen Máxima of the Netherlands, whom he congratulated on her Financial Health campaign.

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