Business Outlook Africa

The Managing Director of the Ghana Stock Exchange, Abena Amoah, has stated that Ghana's debt capital market has made meaningful progress, following improvements in macroeconomic conditions. She made this statement at the inaugural Debt Capital Markets Conference organised by Fidelity Bank in Accra. Highlighting the remarkable performance of the GSE, Amoah stated that investor confidence is returning, with improved liquidity in the fixed income and equities markets.

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has expressed optimism about the country receiving another credit rating upgrade, following recent macroeconomic gains. Speaking at Fidelity Bank’s inaugural Debt Capital Markets Conference yesterday, the Governor stated that he is hopeful of another upgrade in the country’s international credit rating, following recent engagement with Moody’s Corporation.

Ghana Commercial Bank (GCB) has denied claims of an alleged robbery incident at its Labone branch in Accra, following reports linking the branch to a foiled multi-bank robbery plot. In a statement released on August 13, 2026, GCB said its attention had been drawn to reports regarding the alleged incident, but wished to clarify that no such incident took place.

The Bank of Ghana has cautioned the public against 20 loan platforms providing digital credit services without proper authorization from the central bank. In a statement, the central bank explained that these activities go contrary to its Directive for Digital Credit Service Providers in Ghana (September 2025) and other relevant laws. According to the central bank, the following unlicensed digital credit service providers (in no particular order) have been identified:

Afrobarometer has revealed in its latest report that fewer than four in ten Africans view Russia’s economic and political influence in their …

The Executive Board of the International Monetary Fund (IMF) completed the seventh and final review of Benin’s Extended Fund Facility (EFF) and …

The World Bank Group has released the 2026 edition of its Women, Business and the Law report, highlighting reforms implemented between October …

Ghana has maintained its position as the world’s leading country in mobile money regulation, according to the GSMA Mobile Money Regulatory Index …

The Ghana Grid Company (GRIDCo) has announced that its national power system experienced a major fault on the Akosombo-Volta transmission line, causing power outages across some parts of the country.

The Ghana Grid Company LTD. (GRIDCo) has announced a power system disruption in its National Interconnected Transmission System leading to widespread interruption of its electricity supply on Wednesday 29th July 2026.

Ghana is set to host the 60th Annual General Meetings of the Association of Power Utilities of Africa (APUA), from Monday, July 27 to Friday, July 31, 2026. The event is being held under the theme “Accelerating Africa’s Electricity Market Integration: Advancing Regulatory Readiness, Regional Market Development and Strategic Partnerships,” by the Ministry of Energy and Green Transition in collaboration with the Volta River Authority, Bui Power Authority, Ghana Grid Company, the Electricity Company of Ghana, and the Northern Electricity Distribution Company will be held at the Mövenpick Ambassador Hotel in Accra .

The Professional and Management Staff Union (PMSU) of VALCO has distanced itself from the ongoing demonstration organized against the search for a strategic investor for the Volta Aluminium Company. In a statement released on July 27, 2026, PMSU-VALCO, which represents Assistant Managers, Managers and Area Managers of the company, explained that it has no knowledge of, involvement in, or association with the demonstration, noting that it was not consulted or engaged in any form prior to its planning or announcement.

The Ministry of Energy and Green Transition, together with the Ghana Grid Company Limited (GRIDCo) and the Electricity Company of Ghana (ECG), has announced the commencement of final phase of the Kumasi–Anwomaso Transmission Line Upgrade (K1–K2 Project) and the transformer upgrade at the Kumasi (Ahodwo) Substation from July 20, 2026.

Chief Executive Officer of Star Oil, Kwame Tieku

The Chief Executive Officer of Star Oil, Kwaku Tieku has cautioned its customers not to buy fuel or fill up their tanks …

The Ghana Grid Company Limited (GRIDCo) and the Electricity Company of Ghana (ECG) have announced the temporary shutdown of the Mallam and …

The Ghana Cocoa Board (COCOBOD) has reported that it has settled its statutory payment commitments to bond holders impacted by the Domestic Debt Exchange Programme (DDEP) for the year 2026. COCOBOD in a statement, said that a total of GH¢2,682,582,282.18 has been settled, including GH¢2,306,202,372.09 in principal and a settled coupon amount of GH¢376,325,910.09.

Deputy Minister of Food and Agriculture John Dumelo has admonished farmers to thoroughly study the market before getting into any form of farming. Speaking at the Agribusiness Launchpad 2.0, the deputy minister recounted how he once lost almost all his snails in business simply because they seem lucrative and he entered the market without knowing much about them.

The Impact FoodHub in collaboration with Absa Bank has organized an intense 3 day training dubbed Agribusiness Launchpad 2.0 aimed at providing support to startups within the agribusiness space and equipping them with the skills needed to scale both locally and globally . The training took place from the 5th - 7th August 2026 and brought together key stakeholders including researchers, agripreneurs,policy makers and other key stakeholders across the value chain.

The Managing Director of Absa Bank Ghana, Dr. Edward Nartey Botchway, has stated that the biggest problem startups face in business is not finance, but rather structure. Speaking at the Agribusiness Launchpad 2.0, organized by Impact Food Hub and Absa, Dr. Nartey Botchway argued that finance given to a business without the proper structure in place will eventually go to waste.

Ghana’s High Commissioner to Namibia and Botswana, Abdul-Rahman Harruna Attah,has called for a fundamental reorientation of how capital is deployed across the …

The Executive Board of the International Monetary Fund (IMF) has completed the final sixth and seventh reviews under the Extended Credit Facility …

Ghana’s High Commissioner to Namibia and Botswana, Abdul-Rahman Haruna Attah,has called for the youth to take center stage in continent’s affairs and …

Ghana’s High Commissioner to Namibia and Botswana, Abdul-Rahman Harruna Attah,has labeled the recent xenophobia attacks in South Africa “as a lack of …

The World Bank Group has approved US$225 million in financing for the Integrated Urban Development and Resilience Project for Jobs (PRODUIRE2), aimed …