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.
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.
The Kumasi Metropolitan Assembly (KMA) has extended the deadline for the decongestion exercise at the Alabar trading area and other affected areas to Monday August 24, 2026.
In a press release issued on Friday August 14, 2026 under the signatory of the Public Relations Unit of the Kumasi Metropolitan Assembly, the new arrangement was announced.
Economist and Lecturer at Academic City University, Dr Paul Appiah-Konadu has warned against Ghana’s persistent high lending rates arguing that it will eventually when not addressed undermine Ghana’s efforts in job creation and reducing unemployment.
Economist and Lecturer at Academic City University, Dr Paul Appiah-Konadu has urged the government to develop the discipline of managing the economy responsibly without having to rely on the International Monetary Fund (IMF).
The Ghana Police Service has foiled an attempted robbery at a GCB Bank branch in Labone, Accra, with two of the suspected robbers shot dead and another arrested.
The police in their statement explained its response comes after an intelligence received on Thursday, August 13, 2026, when the suspects allegedly attempted to carry out a robbery at the bank.
The Special Aide to Ghanaian Businessman Mr. Ibrahim Mahama, Rafik Mahama has debunked rumours of Mr. Ibrahim Mahama’s alleged interest in acquiring the Volta Aluminium Company(VALCO).
In a post made on Facebook yesterday, Rafik Mahama stated that Mr. Ibrahim Mahama’s attention has been drawn to some allegations being made by some demonstrators who claim he is interested in acquiring the Volta Aluminium Company(VALCO).
Economist and Lecturer at the University of Ghana, Dr.Adu Owusu Sarkodie has stated that the Finance Minister’s claim on inheriting an economy on its knees when the current administration came into power is far from true. Speaking after the Mid-Year Budget Review on July 23, 2026, Dr. Sarkodie explained, that the figures available don’t support the Finance Ministers Claim adding that the economy was on the path of recovery after the 2024 general elections . “So, clearly, we cannot see that the economy as of the end of 2024 was an economy on its knees. It was on the path of recovery.” he stated Dr Sarkodie also called for the internalization of the IMF PCI program the country is currently on ,explaining when done properly there will be no need to return to the IMF for support. “And even currently, we still have the PCI, the Policy Coordinated Instrument, which will stay with us for 36 months. My opinion is that we should internalise this PCI in such a way that we may not need an IMF programme again, but we can resolve the issues ourselves.” he added He ended by calling for a collective fight against inflation, explaining that the Bank of Ghana in its current state cannot achieve the inflation target alone without the contribution of other agencies and ministries. “The fight against inflation should not be left in the hands of the Bank of Ghana alone.Bank of Ghana today is not in a good position to keep sterilising and taking the bullet on behalf of all other agents in the economy. The fight against inflation should be a shared responsibility between Bank of Ghana, Minister of Finance, Minister of Trade and Industry, Agribusiness, Minister of Agriculture, Minister of Trade, Transport, Minister of Roads and Highways, all real sector players must come on board, communication, all other sectors must come on board to fight against inflation.” He said
The Bank of Ghana (BoG) has maintained the Monetary Policy Rate (MPR) at 14 per cent following the conclusion of the 131st Monetary Policy Committee (MPC) meeting, citing heightened global uncertainties and the need to preserve price stability. Announcing the Committee’s decision at the 131st MPC briefing in Accra, Governor of the Bank of Ghana and Chairman of the MPC, Dr. Johnson Pandit Asiama said the current monetary policy stance remains appropriate despite Ghana’s improving macroeconomic performance. “The Committee, by a unanimous decision, maintained the Monetary Policy Rate at 14.0 per cent,“ According to the Governor, although economic growth has remained resilient, private sector credit has improved and inflation has stayed below the lower bound of the Bank’s medium-term target band, emerging global developments require policymakers to remain cautious. Dr. Asiama explained that escalating geopolitical tensions in the Middle East, rising crude oil prices, and the possibility of upward adjustments in utility tariffs present upside risks to Ghana’s inflation outlook. “The current policy rate remains appropriate to guide inflation towards the Bank’s medium-term target band while allowing policymakers time to assess evolving global risks,” The Committee noted that while inflation expectations remain broadly anchored and the country’s external sector continues to strengthen, it will continue to closely monitor both domestic and global developments before making any future adjustments to the benchmark interest rate. The Monetary Policy Rate serves as the benchmark rate that influences borrowing costs across the banking sector and remains one of the Bank of Ghana’s principal tools for managing inflation and maintaining macroeconomic stability.
The Ghana Gold Board (GoldBod) has introduced a new trade financing framework aimed at strengthening accountability, improving risk management and ensuring the efficient administration of funds provided to licensed gold buyers under its Gold Purchase Financing Programme. The new framework which is going into immediate effect outlines the process that Mandatory procedures will follow for Tier 2 Licensed Gold Buyers and other qualifying licensed gold buyers to gain access to GoldBod’s trade funding via the Aggregators. The initiative is part of GoldBod’s overall goal of increasing transparency, financial control and sustainability in the formal gold trading industry in Ghana. Under the revised framework, all eligible Tier 2 Licensed Gold Buyers are required to submit a formal application to an Aggregator, present a valid GoldBod Tier 2 Licence for verification and complete all Know-Your-Customer (KYC), due diligence and creditworthiness assessments before accessing financing. Applicants in line with the directive are also required to sign a Trade Financing Agreement with the Aggregator which specifies the terms of financing, repayment commitments, reporting and compliance requirements. After which funds will only be released until the agreement is approved by the GoldBod. GoldBod also aiming at safeguarding public funds has also introduced a security requirement under which funded buyers must provide an acceptable Bank Guarantee, Advance Payment Guarantee, Insurance Bond or other approved security depending on which, the security will be determined if it will cover between 10 and 50 percent of the approved financing amount. The Board has also instructed all the beneficiaries of the Trade Financing Programme to formalise their transactions under the new regime by fulfilling all the outstanding obligations and closing their current trade financing accounts with Aggregators by August 1, 2026. Failure to comply will result in their removal from the list of eligible Tier 2 Licensed Gold Buyers until all outstanding amounts have been fully settled. GoldBod also outlined strict enforcement measures for defaulters with participants who fail to honour a first demand notice within 21 days risking suspension of their GoldBod Buyer Licence, while continued default after a final 30-day demand notice may result in criminal proceedings. Additionally, the Board has introduced restrictions to prevent multiple financing arrangements. Funded Tier 2 Licensed Buyers will not be permitted to obtain financing from another funded Tier 2 Buyer, while Tier 1 Licensed Buyers may not receive GoldBod trade financing from more than three funded Tier 2 Licensed Buyers at any given time. Breaches of these provisions may attract regulatory sanctions, including the suspension or withdrawal of funding approvals. GoldBod said the new framework is designed to strengthen governance, protect public resources and ensure that its Trade Financing Programme continues to support a transparent, responsible and financially sustainable gold trading ecosystem in Ghana.
