Business

Ghana’s final Treasury bill auction for August attracted GH¢12.3 billion in bids, while government rejected GH¢5.8 billion as it continued to push borrowing yields lower.

President Donald Trump says the United States has reached an agreement with Venezuela giving US interests majority control over more than 65 billion barrels of proven oil reserves.

Universal Merchant Bank says it has become Ghana’s first bank approved by both the Bank of Ghana and SEC to offer virtual accounts to eligible businesses in the virtual asset ecosystem.

Ghana Fixed Income Market turnover reached GH¢1.86 billion on August 27, 2026, as Treasury bills and DDEP bonds accounted for most secondary market activity.

Ghana Chamber of Mines CEO Dr Ken Ashigbey is urging government to reduce taxes, power costs and other pressures affecting local gold refining as Ghana expands mineral value addition.

Ghana’s small scale miners have backed GoldBod’s local refining policy, arguing that higher operating costs should be weighed against jobs, value addition and wider economic benefits.

Ghana’s Finance Minister Cassiel Ato Forson says Africa’s industrialisation drive will struggle unless the continent fixes costly energy, weak utilities and macroeconomic risks that deter investment.

The Bank of Ghana has sold GH¢12.14 billion in 14-day bills at a weighted average discount rate of 10.45%, drawing attention to short-term liquidity management.

The Bank of Ghana is using artificial intelligence, Big Data and machine learning to track inflation, forecast GDP and detect financial sector risks faster.

The IEA says Ghana has made strong progress on inflation, growth, debt and fiscal consolidation but must now convert macroeconomic stability into jobs and productive transformation.

Finance Minister Cassiel Ato Forson says Africa’s battery industry will struggle without macroeconomic stability, local value addition, affordable energy and deeper regional integration.