Business Outlook Africa

Author name: Business Outlook Africa

Banking & Finance

BoG Governor Hopeful for New Moody’s Upgrade Amid Economic Gains

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.

News

Kessben Group Announces Passing of Founder Lawyer Stephen Boateng

The Management of the Kessben Group of Companies has announced the passing of its President, Founder, and Chief Executive Officer, Lawyer Stephen Boateng, popularly known as Kwabena Kesse or Kessben.

In a statement released on Thursday, August 20, 2026, Management of the group explained the Founder of the Kessben Group of Companies passed away in Kumasi on Wednesday, August 19, 2026, after a short period of illness.

Economy

Rising fuel prices could undermine Ghana’s economic gains – Dr Paul Appiah-Konadu

Economist, Dr Paul Appiah-Konadu, has identified rising  energy  prices as one of the major threats to Ghana’s recent macroeconomic gains.

Engaging the press on Ghana’s recent economic gains, Dr Appiah-Konadu stated that increases in fuel prices could quickly affect transport fares, electricity costs, household expenditure and ultimately lead to inflation.

Dr Appiah-Konadu therefore urged the government to closely monitor the ongoing developments in the international energy market so as to take calculated measures to cushion households and businesses from rising costs.

News

NIA to Create Over 120 Jobs With 24-Hour Prestige Centres Rollout

The National Identification Authority (NIA) has announced the creation of more than 120 employment opportunities through the the rollout of its 24-hour Prestige Centres across Ghana.

The initiative according to the authority will see more than 20 centres established in different parts of the country, allowing members of the public to access the services of the authority outside its traditional working hours.

Banking & Finance

GCB Bank Denies Robbery at Labone Branch

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.