Ghana Nsem
President John Mahama says Ghana’s state-owned enterprises are carrying liabilities of about GH¢282 billion, raising fresh concerns about their financial health. He is pushing for stronger accountability and better performance from SOE managers to make the institutions more sustainable.
The World Bank has warned that high business costs and unreliable connectivity could undermine Ghana’s growth and diversification efforts. The Bank says reforms are needed to attract private investment and turn the country’s economic recovery into sustainable jobs and improved living standards.
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.
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.
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.