Business Outlook Africa

Author name: Business Outlook Africa

Telecommunications

MobileMoney LTD Urges Customers to Protect Security Credentials Amid Fraud Claims

MobileMoney LTD, a subsidiary of MTN Ghana, has urged its customers to remain vigilant and avoid sharing their personal security credentials with third parties. In a statement released on 1st March 2026, the subsidiary under the MTN Ghana, which is in charge of handling interoperable mobile money transactions, urged all customers to report fraud-related concerns to its MTN 419 Helpline. This follows a viral video circulating on TikTok by an account handle, “HealwithDiana | Nervous System,” regarding an alleged mobile money fraud incident. In response, the subsidiary revealed that investigations into the matter showed that sensitive security details such as the MoMo App registration OTP, MoMo PIN, and Login OTP ,were shared prior to the fraudulent transaction by the mother of the content creator. This disclosure enabled the fraudster to execute unauthorised transactions. The company further stated that following the incident, the number used to carry out the fraudulent activity has been blocked and blacklisted on the MoMo platform and suspended from voice services. While expressing its commitment to providing a secure, dependable, and convenient digital financial platform supported by robust security systems and continuous customer education initiatives ,the company also urged the general public to verify facts concerning financial services to avoid unintended misinformation. It warned that it may take legal action or any other measures it deems appropriate to safeguard its reputation and service integrity.  

President of Ghana, H.E John Dramani Mahama
News

Mahama Outlines Major Transport Infrastructure Plans in SONA

President John Dramani Mahama has announced that preparatory activities for the construction of the Accra–Kumasi Expressway are currently underway. Speaking on the transport sector during his delivery of the State of the Nation Address, Mahama indicated that activities for the expressway , such as feasibility studies, cost assessments, and detailed designs are ongoing, with the Ministry of Roads and Highways serving as the contracting authority. The project, when completed, will be a 198.7km six-lane high-speed motorway featuring eight interchanges. It primarily aims at reducing travel time between Accra and Kumasi by approximately two and a half hours. He described the project as Ghana’s first purpose-built expressway with limited access points to enhance safety and efficiency. “The Accra–Kumasi Expressway will be a 198.7-kilometre, six-lane, high-speed motorway. This expressway is designed to connect Ghana’s two largest cities, Accra and Kumasi, and to reduce the travelling time between Accra and Kumasi to approximately two and a half hours. This new alignment will have eight interchanges and will be Ghana’s first true expressway. Government has established the Accra-Kumasi Expressway Limited, which is a subsidiary of the Ghana Infrastructure Investment Fund, as the concessionaire that will be mandated to design, finance, construct, operate and maintain the expressway. With the Ministry of Roads and Highways as the contracting authority, the project delivery is structured as a long-term concession of up to 50 years. Mr. Speaker, this expressway will be Ghana’s first purpose-built expressway with limited access points, so goats and sheep cannot cross at any point. Mr. Speaker, it is designed for higher speed limits and modern safety infrastructure to reduce travel time and improve road safety. Preparatory activities, including feasibility studies, detailed designs and cost assessments, are currently underway. This major road construction work aims to improve mobility, safety and trade, while connecting communities to markets and essential services.” President Mahama also reiterated the government’s commitment to completing unfinished roads by announcing plans not only to complete all unfinished segments of the Eastern Corridor Road by the end of 2027, but also to continue and complete the 27.7km Accra–Tema Motorway and Extension Project, which is currently at 32 percent progress with construction ongoing. The project includes reconstructing the motorway into a four-lane expressway with three-lane service roads in both directions, as well as constructing new interchanges at Ashaiman, Community 18, and the Teshie Link. The Tetteh Quarshie Interchange will also be remodelled. “ Mr. Speaker, the Eastern Corridor, we aim to complete all unfinished segments of the Eastern Corridor Road by the end of 2027. Mr. Speaker, I will continue and complete the 27.7km Accra–Tema Motorway and Extension Project. This includes reconstructing the Accra–Tema Motorway into a four-lane expressway with three-lane service routes in both directions and interchanges at Ashaiman. Where you have the Ashaiman underbridge, it will now be an interchange. There will be another interchange at Community 18 and Teshie Link. Mr. Speaker, it also involves remodelling the Tetteh Quarshie Interchange. Construction works are ongoing and progress is at 32 percent.” President Mahama also announced that the re-establishment of a National Airline is expected to take off soon. He explained that the 10-member task force established to oversee the airline’s re-establishment has submitted a business model and operational framework that will be used in selecting a strategic partner for the project. “ Mr. Speaker, in fulfilment of my pledge to re-establish a national airline, a 10-member task force established to oversee this initiative has submitted a business model and operational framework to guide the selection of a strategic partner for the new national airline. And this new national airline will take off soon, inshallah.” The President reaffirmed government’s commitment to transforming Ghana’s transport infrastructure, stressing that these projects are aimed at improving mobility, enhancing road safety, boosting trade, and accelerating national development.

President of Ghana, H.E John Dramani Mahama
Economy, Agriculture

Mahama Says 24-Hour Economy Ready for Take-Off After GH¢110m Allocation

President John Dramani Mahama has stated that all is now set for the implementation of the government’s 24-hour economy policy. Delivering the State of the Nation Address in Parliament on February 27, 2025, President Mahama explained that the passage of the 24-Hour Economy Authority Bill and the recent budgetary allocation of GH¢110 million have brought the policy to its final stage of implementation. “I had the honour of signing this historic legislation into law. All is now set for take-off. This is the boldest economic transformation initiative in Ghana’s recent history. In this year’s budget, GH¢110 million has been allocated to begin the setting up and implementation of the 24-hour Economy Authority.These resources will enable businesses to operate beyond traditional working hours. They will attract investment through strategic partnerships with the Development Bank Ghana and the Ghana Infrastructure Investment Fund, and they will strengthen the foundations for sustained growth and job creation, especially for our young people. This is about building prosperity and restoring our people’s hope through concrete action.” The President also indicated that the Nkokɔ Nkitinkiti programme is currently underway and is expected to reach 60,000 households , an additional 5,000 beyond the 55,000 projected last year. “The Nkokɔ Nkitinkiti programme is underway as I speak, and the target is to reach 60,000 households. Even before I officially launched the programme, 720 beds had been distributed during the pilot phase to 13,000 farmers across 12 districts. I recently commissioned a poultry processing factory in Bichim to support the expected growth in poultry production.” President Mahama added that these initiatives form part of the government’s broader strategy to create jobs, stimulate economic growth, and reduce unemployment across the country.

President of Ghana, H.E John Dramani Mahama
Energy

Mahama Outlines Comprehensive Energy Reforms in 2026 State of the Nation Address

President John Dramani Mahama has announced that the African Development Bank has committed $100 million to support the construction of renewable energy-based mini-grids for selected communities across Ghana. Speaking on the Energy Sector during his delivery of the 2026 State of the Nation Address in Parliament on 27th February 2026, the President explained that the initiative forms part of broader government efforts to strengthen and modernise the country’s energy sector. “ I’m pleased to announce that the African Development Bank has committed to providing 100 million dollars to fund the construction of renewable energy-based mini-grids for these communities.” Prez Mahama stated The President further highlighted provisions captured in the 2026 Budget to ensure the timely payment for all Liquefied Natural Gas (LNG) consumed. He added that, as part of measures to promote equity and fairness within the energy sector, government has reached an agreement with Tullow Oil and its Jubilee Field partners to guarantee payment for all gas supplied and utilised. According to President Mahama, the move will support reliable nationwide electricity supply and accelerate industrial growth. “ To announce that the 2026 budget has made adequate provision to ensure timely payments for all liquid natural gas that we consume going forward. Mr. Speaker, to ensure equity and fairness the government has also held constructive engagements with Tallow Oil and the Jubilee Field Partners and we’ve reached a comprehensive roadmap to guarantee full payments for all gas that is consumed. This approach supports reliable nationwide electricity generation and accelerates industrial growth.Engagement with upstream partners has resulted in increased gas production, guided by a clear national vision to rapidly scale up domestic gas supply and reduce reliance on expensive liquid fuels.” Under the Off-Grid Solar Home Systems programme for public institutions, the delivery of 350 solar systems has commenced. These systems will be installed in selected public institutions to reduce power consumption and improve energy efficiency. “ The ministry also supplied 12,000 new smart net metres from the end of the first quarter of this year, 2026, and under the off-grid solar home system for public institutions, delivery of materials for the first phase of 350 systems has commenced. It means that public institutions are going to be fitted with solar to reduce their power consumption. Mr. Speaker, as part of the 50 systems of the first quarter of this year, 2026, and under the off-grid solar home system for public institutions, delivery of materials for the first phase of 350 systems has commenced. It means that public institutions are going to be fitted with solar to reduce their power consumption. ” Government says the combined measures are aimed at upscaling domestic gas operations, reducing state expenditure on energy imports, ,improving national electricity access, which currently stands at 89.05 percent and reducing the amount of electricity generated lost which is currently at 25%.

President of Ghana, H.E John Dramani Mahama
News

President Mahama Bans Sole-Source Contracts, Plans Parliament Approval for Sale of State Assets

President John Dramani Mahama has announced a ban on sole-source contracts as part of government efforts to tighten procurement processes and enhance transparency. Delivering the State of the Nation Address before Parliament of Ghana on February 27, 2025, the President explained that the move forms part of broader measures aimed at improving accountability in public spending. “This House, to tighten our procurement processes, [we are] banning sole-source contracts, except in exceptional circumstances,” he stated. The President also revealed plans to introduce legislation that would make it mandatory to obtain parliamentary approval before any government asset or property is leased or sold. The proposed law would cover state lands and state-owned enterprises. “We will also bring legislation to this House to make it mandatory to seek Parliament’s prior approval before any government asset or property is leased out or sold. This includes lands and state enterprises,” he added. President Mahama further noted that adjustments to cocoa producer pricing were necessary to improve liquidity within the sector while reducing the country’s reliance on borrowing, a move he said would help prevent the accumulation of debt for future administrations. “In the last week, we have had to take the painful but necessary decision to revise the producer price of cocoa to achieve competitive pricing and resolve the acute liquidity challenges in the sector. Failure to do this, as others did, and left a debt of 32 billion for this government to pay, would have meant borrowing billions in borrowed funds. This unplanned expenditure would have taken us right back to the very devastating economic problem we have only recently begun to escape.” He added

Trade, Transportation

DVLA Reviews Overseas Service Plan Following Public Feedback

The Driver and Vehicle Licensing Authority (DVLA) has announced a review of its plan to extend selected services to Ghanaians living abroad, following strong reactions from the public. The statement comes hours after the Authority’s earlier announcement to provide certain services to citizens overseas, a move that sparked debate on social media and in traditional news outlets. Many Ghanaians questioned how the expansion would work and whether it could affect accessibility for residents within the country. In response to the public outcry, the DVLA stated that it is reviewing its earlier decision. “We appreciate the feedback and the concerns expressed by members of the public. In view of these sentiments, Management is reviewing the proposed approach and exploring alternative options to ensure that our services remain accessible to all Ghanaians, including those residing outside the country,” the statement said. Management further emphasized the Authority’s commitment to the collective interest of Ghanaians, adding that it is working diligently to enhance service delivery.

Economy

Børge Brende steps down as World Economic Forum President and CEO

The President and Chief Executive Officer of the World Economic Forum, Børge Brende, has resigned after eight and a half years in charge following revelations linking him to convicted financier Jeffrey Epstein. In a personal statement announcing his resignation, Brende reflected on his tenure, highlighting key achievements and expressing gratitude to colleagues, partners and stakeholders for their collaboration. “After careful consideration, I have decided to step down as President and CEO of the World Economic Forum. My time here, spanning 8½ years, has been profoundly rewarding. We have seen a record number of partners join us, and we have had a very successful Annual Meeting in Davos behind us, where we engaged with governmental leaders from all over the world like never before,” he said. Brende added that he was grateful for the cooperation he received and believed it was the right moment for the Forum to continue its work without distractions. He also wished the organisation’s new leadership success. The Forum’s Board of Trustees acknowledged Brende’s decision and expressed appreciation for his contribution, describing his leadership as instrumental during a pivotal period of reforms that culminated in a successful annual meeting in Davos. “We wish to express our sincere appreciation for Børge Brende’s significant contributions to the World Economic Forum. His dedication and leadership have been instrumental during a pivotal period of reforms for the organisation,” the Board said, adding that it respects his decision to step down. The Board also announced that Alois Zwinggi will serve as Interim President and CEO as the organisation begins the transition to new leadership.

Real Estate

Rent Control Department Mandates Rent Cards for All Tenancies from April 1, 2026

The Rent Control Department of Ghana has issued directives mandating the issuance of Rent Cards. Effective 1st April 2026, every landlord is required to issue an official Rent Card to each tenant upon commencement of tenancy and ensure that rent payments are properly recorded therein. This directive is in accordance with the Rent Act, 1963 (Act 220) Section 20 and PNDCL 138 of 1986, Section 5, which make the issuance and proper maintenance of Rent Cards for all tenancies a statutory obligation. As part of ongoing institutional reforms to strengthen compliance, transparency, and accountability in rent administration, the Department further stated that from 1st April 2026, no landlord who appears before any Rent Control office without proof of issuance of Rent Card(s) to tenants will be attended to for any service. This includes rent assessment applications, rent disputes, recovery of premises proceedings, complaints against tenants, and settlement processes. Landlords found in default of issuing Rent Cards as required by law will be deemed in breach of statutory obligations and shall face the full rigors of the law, including sanctions prescribed under Act 220 and related regulations. The Rent Control Department emphasized its commitment to enforcing rent laws fairly, professionally, and without fear or favour, and called on all stakeholders to cooperate with the directive in the collective interest of promoting orderly rent administration across Ghana.  

Transportation

DVLA Dismisses Misleading Reports on Overseas Services Rollout

The Management of the Driver and Vehicle Licensing Authority (DVLA) has urged the public to disregard misleading news headlines over the extended services of DVLA to selected foreign countries. In a statement released on February 26,2026, the Authority clarified that through an arrangement with the Ministry of Foreign Affairs it aims to provide selected services including International Driver’s Permit and Driver’s Licence Renewal to qualified Ghanaian citizens residing in others countries, with the pilot phase to be undertaken in the United States of America, Canada, Germany, The Netherlands and the High Commission of the United Kingdom. DVLA also announced that this arrangement also trains and work with embassies abroad so people can handle their licence or vehicle documents through the embassy instead of travelling to Ghana. DVLA also debunked the narrative that, the DVLA would post its domestic staff to work at Embassies in the aforementioned countries. The Authority went ahead to express its commitment to serving the interest of Ghanaians and encouraged the media and individuals who require clarity or information on its operations to approach the Corporate Affairs Department for such details to avoid such misleading reportage.  

Transportation

Ghana Police Warn Public Over Fake Traffic Offence Payment Notices

The Ghana Police Service has noted with deep concern a viral electronic notice of traffic offence purportedly issued by the Service, which notifies some individuals of alleged traffic violations and requests them to make payments. The Service wishes to inform the general public that the notification is false, fraudulent, invalid, and not originating from the Police Service. It has therefore warned all persons circulating such notices to desist immediately, stressing that these nefarious acts constitute serious offences punishable under the law, and that perpetrators will be arrested and brought to justice. The Police Service further disclosed that, in collaboration with key stakeholders including the Ministry of the Interior (Ghana), Ministry of Transport (Ghana), National Road Safety Authority, Driver and Vehicle Licensing Authority, National Insurance Commission (Ghana) and the Ministry of Finance (Ghana) steps are underway to engage Parliament of Ghana on amendments to road traffic regulations. The proposed changes are expected to pave the way for the rollout of an automated traffic law enforcement programme known as Traffitech-GH in the coming months. Authorities say the public will be updated on further developments regarding the initiative.