Page 25
The Government of Ghana exceeded its Treasury bills target after raising GH¢6.01 billion at the latest auction, driven by strong investor demand, particularly for the 364-day bill.
Chinese Ambassador Cong Song says China supports Ghana’s drive for energy self reliance as Phase Two of the Sentuo Oil Refinery boosts local refining capacity to 100,000 barrels per day.
Government is reviewing the VAT exemption on locally assembled vehicles following concerns from industry players that the tax has slowed production, reduced competitiveness and threatened investments.
The Ghana Gold Board has signed a landmark agreement with the Ghana Chamber of Mines to purchase 30% of gold output from large scale mining companies, boosting reserves and supporting local refining.
Fitch reports that Ghana's macroeconomic fundamentals remain relatively shielded from global energy market disruptions caused by the US-Iran conflict, with inflation staying well below historical averages despite rising fuel costs.
Fitch Solutions has revised Ghana's 2026 real GDP growth forecast upward from 5.5% to 5.7% following a stronger-than-expected first-quarter expansion of 6.4% year-on-year.
Deputy Finance Minister Thomas Ampem Nyarko says the Gold Board purchased over 135 metric tonnes of gold between January 2025 and May 2026, generating more than $10 billion and boosting Ghana’s foreign reserves.
The Bank of Ghana has revised its dud cheque regulations, imposing a three-year ban on third-time offenders and introducing stricter sanctions to restore confidence in the payment system.
Agricultural Development Bank posted a profit after tax of GH¢367.29 million in 2025, supported by recapitalisation, improved revenue generation and stronger operational efficiency.
GHEITI Co-Chair Dr. Steve Manteaw says the misuse of mineral royalty revenues by district assemblies is preventing meaningful development in Ghana’s mining communities.
Government says the Energy Sector Shortfall and Debt Repayment Levy generated GH¢8.81 billion in 2025, while total spending on energy sector shortfalls and legacy debt reached GH¢22.67 billion.
The Ghana Revenue Authority is urging businesses and individuals to comply with tax laws as government seeks to strengthen domestic revenue mobilisation and reduce reliance on borrowing.