Ghana Nsem40 articles · ghanansem.com
Karpowership Ghana is currently engaging the government over a possible extension of its electricity-generation agreement, which is due to expire in August 2027. The company says it remains hopeful about securing a new arrangement as it continues supplying 450 megawatts to Ghana’s national grid.
FeaturedGhana’s gold shipments have resumed, with the Bank of Ghana saying recent exports are helping strengthen the country’s foreign-exchange reserves. The country currently has about 4.5 months of import cover, above the three-month benchmark.
The Bank of Ghana has kept its policy rate at 14%, while warning that rising crude oil prices and higher utility tariffs could create fresh inflationary pressures. The central bank says Ghana’s economy remains resilient but will continue monitoring developments before making further policy decisions.
The Bank of Ghana has ruled out introducing a GH¢500 denomination as part of the upcoming Heritage Series of cedi notes. The new notes, expected in November, will feature enhanced security and durability while existing denominations will remain valid.
Ghana has reduced fuel supplies to Burkina Faso and Mali as authorities prioritise meeting growing domestic demand amid tighter regional fuel availability. BOST says the move is intended to protect local supply while Ghana faces increasing pressure on fuel stocks and import costs.
The Minerals Commission is preparing new wage and tender benchmarks to stop mining contractors from submitting unrealistically low bids just to secure contracts. The move is also intended to protect workers, improve safety standards and strengthen Ghanaian participation in the mining sector.
Ghana has signed a preliminary, non-binding agreement with Shell and Chevron concerning exploration and production rights in the South Deepwater Tano Cape Three Points block. The move forms part of government’s efforts to attract new investment and unlock additional opportunities in Ghana’s oil and gas sector.
Ghana recorded a GH¢46.1 billion trade surplus in the first quarter of 2026. The figure was driven by exports of about GH¢110.3 billion compared with imports valued at approximately GH¢64.2 billion.
The Bank of Ghana and SEC have taken their National Virtual Asset Literacy Initiative to the Ashanti Region to educate the public about digital assets and associated risks. Authorities are urging Ghanaians to understand virtual assets and verify the licensing of service providers before investing.
The IMF has upgraded Ghana’s debt distress rating from high risk to moderate risk, the first such improvement in 13 years. The Fund says Ghana must maintain fiscal discipline, increase domestic revenue and continue reforms to protect the gains made in debt sustainability.
Ghana will require certain artisanal gold doré to be refined locally before export from September 1, 2026, under a new GoldBod directive. The policy is aimed at increasing domestic value addition, while non-compliant aggregators could face regulatory sanctions.
The Ghana cedi has weakened against the US dollar, with the dollar’s selling rate rising to GH¢11.12 on the interbank market as of August 24. Bank of Ghana data indicate that the cedi depreciated by about 1.55% against the dollar between August 17 and August 24.