Business

The Office of the Special Prosecutor is probing a suspected palm oil diversion corruption scheme involving Customs officers, security operatives, and an estimated GHS10.5 million tax loss.

Government officials say the 24-Hour Economy initiative aims to create 200,000 jobs this year as industrial projects roll out.

The troubled Bogoso-Prestea mine has resumed production after two years, but community petitions and funding concerns remain unresolved.

Deputy Finance Minister Thomas Nyarko Ampem says government could consider reducing some taxes and import duties if it succeeds in plugging revenue leakages, as a recent customs enforcement operation raises fresh concerns over compliance and fairness in the tax system.

Ghana’s public debt declined sharply between 2024 and 2025, signaling a significant shift in fiscal stability as inflation and deficit levels also improved.

Ghana’s Parliament has approved licence extensions for major offshore oil fields, unlocking billions in investment and securing long-term production.

President John Mahama has signed the 24-Hour Economy Authority Bill into law, launching implementation of a flagship policy aimed at boosting jobs, productivity, and investment.

Gold Fields will hand over Ghana’s Damang Mine to the state in April, a move analysts say could reshape investor confidence and mining policy direction.

Government settles latest interest payment under its domestic debt exchange programme as authorities seek to stabilize markets and restore investor trust.

Ghana’s Government Statistician says producer prices rose 3.3% month-on-month in January 2026, a sign that short-term cost pressures are strengthening even as year-on-year producer inflation remains moderate, urging consumers, firms and policymakers to avoid overreacting.

The Government of Ghana has paid GH₵10 billion in interest under the Domestic Debt Exchange Programme, marking its sixth coupon settlement and reinforcing investor confidence in the country’s fiscal recovery.