Ghana Nsem40 articles · ghanansem.com
Gold Fields has expressed concern over delays in the renewal of its Tarkwa Mine leases, which expire in April 2027, and says it could consider legal options to protect shareholder interests. The warning comes after the company reported an 81% rise in first-half profit to US$1.85 billion.
FeaturedSome licensed GoldBod buyers have reportedly gone up to three weeks without receiving expected funds, with some halting purchases or borrowing to remain operational. GoldBod has denied facing a funding shortfall and insists that its financing arrangements remain active.
BreakingPETROSOL Platinum Energy PLC has listed a GH¢200 million note programme on the Ghana Stock Exchange’s Ghana Fixed Income Market. The move is expected to provide the energy company with access to longer-term capital as it expands its operations.
The Cyber Security Authority has fined EY Ghana GH¢360,000 for alleged breaches of Ghana’s cybersecurity licensing requirements. The company has also been directed to stop providing regulated cybersecurity services until it obtains the necessary licence.
Ghana’s daily crude oil production has increased from about 90,000 barrels to 126,000 barrels after years of declining output. The rise is being viewed as an encouraging development for the country’s petroleum sector and economy.
The Institute of Fiscal Studies has described the government’s 2026 economic growth and revenue targets as unrealistic and called for a review. The institute says the projections should better reflect Ghana’s prevailing economic conditions.
The government has signed an agreement to purchase 30 percent of gold produced by large-scale mining companies. The initiative is intended to help Ghana build its national gold reserves and strengthen management of the country’s mineral wealth.
Ghana and the UK have signed a new agreement aimed at improving cooperation between their customs authorities. The partnership is expected to make legitimate trade easier, strengthen compliance and support economic growth.
BreakingThe government has reached an agreement with large-scale mining companies to acquire 30% of their gold production under Ghana’s reserve accumulation programme. The initiative is expected to boost local gold refining, strengthen the country’s reserves and retain more value from Ghana’s mineral resources.
Ghanaian cocoa farmers have raised concerns about aspects of a new law designed to prevent cocoa lands from being converted for mining and other uses. While farmers support protecting cocoa farms, they want some provisions reviewed, particularly those affecting the replacement of unproductive or diseased farms.
BreakingA High Court in Accra has authorised police assistance for UK-based Cola Holdings Limited and its Receiver, Nii Amanor Dodoo, to take possession of Nana Kwame Bediako’s No. 1 Oxford Street Hotel over an outstanding debt exceeding US$14.9 million. The order follows the company’s inability to peacefully enforce its security interest after the court recognised its debt claim.
BreakingA Ghanaian High Court has ordered Zeepay Ghana Limited and its CEO, Andrew Takyi-Appiah, to jointly pay over US$11.6 million plus additional sums to businessman Michael Yusuf over a failed fund transfer. The court ruled that the company failed to complete the transactions after receiving the funds and awarded judgment in favour of the plaintiff with interest and legal costs.