Business

Ghana accepted GH¢7.21 billion in its latest Treasury bill auction, falling GH¢764.27 million short of target after rejecting nearly half of the one-year bids.

The Ghana cedi begins the new trading week on a weaker footing as crude oil above US$107 threatens to increase petroleum import costs and demand for dollars.

The NPP Energy Policy Committee wants the government to suspend petroleum taxes and restore statutory margins financing Ghana’s downstream sector.

The NPP Energy Policy Committee says Ghana’s GH¢2 diesel intervention is withholding over GH¢500 million monthly from petroleum sector institutions.

Ghana is seeking Chinese investment in mineral processing, infrastructure and technology as it pushes to retain more value from its mining sector.

Ghana’s industrial production increased by 3% annually in the second quarter of 2026, but output fell 0.5% from the previous quarter as momentum weakened.

Ghana has signed two MoUs with ENI, Vitol and GNPC covering offshore blocks GH WB 3 and GH WB 8 in the Tano Basin.

Ghana’s electricity generation declined to 2,317.13 GWh in July, although available capacity remained above peak demand, according to the PURC.

President Mahama has commended GoldBod after its net profit increased from GH¢178.5 million to GH¢896.5 million in 2025.

The Ghana cedi has extended its losses against the US dollar as Brent crude rises above US$100, threatening higher petroleum import costs and fresh foreign exchange pressure.

The Bank of Ghana has sold GH¢11.85 billion in short term bills as it continues managing liquidity in the banking system.