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Ghana Records 2.64 Million Businesses in Landmark IBES I Survey – GSS

The Ghana Statistical Service has revealed that Ghana recorded a total of 2.64 million businesses in 2024, according to findings from the Integrated Business Establishment Survey (IBES I), a survey which offers one of the most comprehensive pictures of the country’s enterprise landscape to date. The Government Statistician, Dr. Alhassan Iddrisu, disclosed that out of the total number of businesses, 1.87 million,representing 70.6%,operate from fixed structures. Meanwhile, 693,748 businesses (26.2%) operate in open spaces, and 82,920 (3.1%) are mobile businesses. According to the survey, nearly 700,000 businesses operating in open spaces employ more than 922,000 people across the country. This underscores their critical role in job creation and service delivery at the community level. The data further reveals that women play a dominant role in the open-space business ecosystem. They account for nearly 80% of workers and an estimated 84% of business owners in this sector nationwide. The survey also shows that open-space businesses are overwhelmingly Ghanaian-owned, with more than 99% under local ownership. This positions the sector as a strong foundation for domestic enterprise and grassroots economic growth. The Ghana Statistical Service further reports that Ghana has 82,920 mobile business operators, highlighting the growing importance of mobile trade within the country’s economic landscape. Notably, 77% of these operators are women, while over 60% are youth, making mobile businesses one of the most accessible pathways into employment and entrepreneurship, particularly for young people seeking flexible and low-barrier entry into the world of work. The Ghana Statistical Service emphasized that the IBES I findings will play a crucial role in shaping inclusive policies that recognize and support all forms of businesses within the economy.

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Dr. Mumuni Zakari Inaugurated onto UG College of Humanities Advisory Board

The First Deputy Governor of the Bank of Ghana, Dr. Mumuni Zakari, has been inaugurated onto the Advisory Board of the College of Humanities at the University of Ghana, reaffirming the Bank’s commitment to institutional excellence, partnerships, and national development. The inauguration, which took place on Thursday, March 19, 2026, at the University of Ghana will see Dr. Zakari serve as Chair of the Advisory Board. Delivering his remarks, he described the role as both an honour and a responsibility. “This role is more than a mandate; it is a responsibility to support the continued growth and strength of an institution that has shaped generations of scholars and professionals in Ghana and beyond,” he stated. He emphasised the Board’s commitment to providing sound strategic guidance, fostering innovation, and supporting the institution to remain impactful and forward-looking in an evolving global environment. The Advisory Board, composed of distinguished professionals with diverse expertise, will work collaboratively with the College’s leadership to advance academic excellence and institutional development.

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Newmont Corporation Contributes GH¢12.822 Billion in Fiscal Payments to Ghana in 2025

Newmont Corporation has announced that it contributed GH¢12.822 billion in taxes and other statutory payments to the Government of Ghana for the 2025 fiscal year. The company in a statement released on Wednesday, March 18,2026 stated that the payments reinforce its position as a leading contributor to Ghana’s domestic revenue. The funds were disbursed through key state institutions, including the Ghana Revenue Authority, the Ministry of Finance, and the Forestry Commission. A breakdown of the payments shows Corporate Tax as the largest component at GH¢5.382 billion, followed by Capital Gains Tax of GH¢3.025 billion, linked to the sale of the company’s Akyem Mine in April 2025. Carried Interest contributed GH¢1.832 billion, while Mineral Royalties amounted to GH¢1.628 billion. Other contributions included PAYE Tax of GH¢514 million, Withholding Tax of GH¢434 million, Forestry Levy of GH¢15 million, and Property Rate of GH¢2 million. Beyond its fiscal contributions, Newmont Corporation said it continues to support Ghana’s long-term socio-economic development through targeted investments in infrastructure, environmental sustainability, and community development. In 2025, the company partnered with the Government of Ghana through the Ministry of Roads and Highways to rehabilitate the 46-kilometre Sunyani–Ntotroso–Akyerensua highway, a key transport corridor linking the Bono and Ahafo regions. The project is expected to improve road safety, enhance connectivity, and stimulate local economic growth. The company also supported Ghana’s Tree for Life Initiative, which focuses on restoring degraded lands and promoting environmental sustainability. Newmont Corporation remains the leading gold producer in Ghana, with a continued commitment to responsible mining that generates value and improves lives at both the local and national levels.

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UG Developing Digital Youth Village to Prepare Students for Job Market

The Vice-Chancellor of the University of Ghana, Prof Nana Aba Appiah Amfo, has announced that the university is collaborating with key institutions and stakeholders to develop a Digital Youth Village—a national platform aimed at equipping students with a wide range of digital skills. Speaking at the Vice-Chancellor’s Occasional Lecture held on Monday, March 16, 2026, Prof. Amfo explained that the initiative forms part of the university’s broader strategy to bridge the gap between academia and industry while preparing graduates for the demands of the evolving job market. The lecture, which featured, Managing Director and Chief Knowledge Officer of the World Bank Group Paschal Donohoe, was delivered under the theme: “Building Skills, Creating Jobs and Empowering Ghana’s Future.” According to Prof. Amfo, the Digital Youth Village will serve as a central hub for training students in diverse digital competencies, enhancing their employability and readiness for emerging opportunities. “We are engaging with others. For example, we are developing the Digital Youth Village, which would actually be a national platform for training students in all kinds of digital skills,” she stated. She further noted that the initiative aligns with the university’s commitment to producing graduates who are not only academically sound but also industry-ready. The development comes at a time when calls for stronger collaboration between educational institutions and industry players continue to grow, particularly in response to rapid technological advancements and changing workforce needs.

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GoldBod Signs Deal with GGSA for Gold Exploration in Funsi, Atuna, Bensere East

The Ghana GoldBod has signed an agreement with the Ghana Geological Survey Authority (GGSA) to conduct geological investigations in Funsi, Atuna and Bensere East areas (Phase 1). Signed on Monday, March 16,2026,the agreement by the Goldbod is a major step towards supporting responsible and data-driven mining in Ghana. The project aims at generating credible geological data for the establishment of model mines in the country with the cost of Phase one (1) of the geological investigation services which will be provided by the GGSA over a four (4) months period estimated to be GHS27.5 million. The three (3) blocked-out mineralized areas are part of 20 areas released to the GoldBod by the Minerals Commission of Ghana. The GoldBod expressed its commitment towards promoting sustainability, while maximizing national gold output for the benefit of Ghanaians.

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World Bank MD Advocates Stronger Job Creation Systems and Closer University–Industry Ties

The Managing Director and Chief Knowledge Officer of the World Bank Group, Paschal Donohoe has called for stronger collaboration between universities and industry to better prepare students for the evolving job market. Speaking at the University of Ghana on the Topic “Building Skills, Creating Jobs and Empowering Ghana’s Future” on Monday , March 16,2026, as part of his scheduled activities for his first visit to West Africa since his appointment,Mr Donohoe explained that institutions such as the University of Ghana play a critical role in driving innovation by co-designing curricula with industry, expanding internship opportunities, and supporting research that promotes economic transformation. “Great institutions like this have such a critical role to play. Co-designing curricula with industry, expanding internships, preparing researchers and innovators who drive transformation. These standards are at the heart of an institution such as the University of Ghana.” He said   Mr. Donohoe also urged policymakers to strengthen systems that create opportunities for young people, including industry-linked training, strong foundational skills, and improved labour market information. He stressed that while there is clear evidence on policies that support job creation, the challenge lies in sustaining focus and building the institutional capacity to implement them effectively. “ And then to the policy makers in this room, the architecture of opportunity is yours to build. The data is clear on what works.Industry linked training, strong foundational skills, good information about the jobs markets and having the private sector involved. The question is not what to do, it’s whether we have the sustained focus and the institutional capacity to do it at scale. “He added The World Bank executive concluded by reaffirming the World Bank Group’s continued commitment to supporting Africa’s development and expanding opportunities for young people across the continent.

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World Bank MD Urges Students to Build Skills Beyond Their Degrees

The Managing Director and Chief Knowledge Officer of the World Bank Group, Paschal Donohoe, has urged students to view their university degrees as their starting point in their professional journey rather than their final destination. Speaking at the University of Ghana on the Topic “Building Skills, Creating Jobs and Empowering Ghana’s Future” on Monday , March 16,2026 as part of his first time visit to West Africa since his visit ,Mr. Donohoe stressed that long-term success in today’s economy depends more on continuously developing skills such as critical thinking, communication, and the ability to learn new knowledge. According to him, these skills are not completed at graduation but must be built throughout one’s career to ensure one achieves long term success. “First, your degree is your starting point. It’s not your destination. The skills that will determine your journey in life of critical thinking, of communication, of the ability to learn what you do not yet know, they’re built, they are developed continuously.They don’t come to an end at graduation. “ he stated Mr. Donohoe added that the most valuable professionals in the modern economy are those who can combine different areas of knowledge and bridge disciplines. Mr. Donohoe also noted that individuals who can apply technical expertise to real-world problems, while also exercising human judgment in areas often dominated by technology and algorithms, will have a significant advantage in the job market. “Second, the most valuable professionals in this new economy are those who can bridge worlds. Who bring technical knowledge to problems that others approach only with intuition or who can bring human judgement to domains that others can only see through algorithms. A combination of disciplines, of languages, a combination of contexts is a competitive asset. “ He also urged students to explore opportunities beyond traditional employment paths, stating that many emerging sectors are creating new demand for skilled professionals. He then identified agribusiness and the creative economy as areas with growing opportunities for analytically capable and innovative individuals. Mr. Donohoe further encouraged young graduates to be willing to build their own career paths instead of waiting for perfect job opportunities to emerge. “ And then don’t wait for the perfect formal job to appear. Your most dynamic opportunities are often in sectors that have yet to have established hiring plans.  Agribusiness, the creative economy, these are generating real demand for people who are analytically capable and highly skilled. Be willing to build your own path, don’t always follow one.” The World Bank executive concluded by reaffirming the World Bank Group’s continued commitment to supporting Africa’s development and expanding opportunities for young people across the continent.  

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BoG’s 129th MPC Meeting Begins Against Tide of Falling Inflation and Rising Global Risks

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama has explained that country could face renewed inflationary pressures as due disruptions of global energy and shipping routes as a result of the ongoing tensions in the Middle East . Passing oh his remarks during the opening of the 129th Monetary Policy Committee Meetings on Monday, March 16,2026 the governor highlighted that even l geopolitical uncertainty may support higher gold prices which will benefit Ghana’s export earnings and trade balance,the overall impact of the external shock is expected to be inflationary for the economy. “ Colleagues, the external environment has evolved significantly since our last meeting in January.The escalation of conflict in the Middle East has disrupted key energy and shipping corridors, increased volatility in global oil markets, and introduced new uncertainty into the trajectory of For Ghana, the spillover channels are clear. Sustained oil price increases raise the risk of imported inflation, which could necessitate policy tightening with implications for financial conditions.There is a partial offset – geopolitical uncertainty tends to support gold prices, which benefits our trade balance – however, the net balance of risks from this external shock is inflationary.” Dr Asiama also added that the discussions for the meetings will primarily centere on the geopolitical risk channel and its implications for policy calibration, the Ghana Accelerated National Reserve Accumulation Programme and the effectiveness of monetary policy transmission. “Against this backdrop, I would like to draw members’ attention to areas that will be central to our discussion: • First geopolitical risk channel and its implications for policy calibration. The external shock we face today is different from the conditions we confronted in January. Back then, the principal risk was complacency in the face of success. Today, there is a live external threat to the disinflation trajectory. Whatever decision the Committee takes, our communication must reflect both the progress achieved and the risks that remain. • Second, the Ghana Accelerated National Reserve Accumulation Programme. Since our last meeting, the Government has announced Ghana Accelerated National Reserve Accumulation Programme (GANRAP), which seeks to raise international reserves to 15 months of import cover by 2028, from the current level of around 5.8 months. Strengthening external buffers is an important element of macroeconomic resilience. At the same time, initiatives of this scale raise questions regarding liquidity conditions, the Bank’s balance sheet, and the interaction between reserve accumulation and monetary policy operations. • Third, the effectiveness of monetary policy transmission. The banking sector remains sound, profitable, and well-capitalised, with asset quality improving meaningfully over the past year. This matters not only for financial stability, but also for the effectiveness of monetary policy, the extent to which changes in the policy rate translate into the credit conditions experienced by households and businesses.Understanding the factors constraining credit expansion, whether on the supply or demand side, will therefore be important in assessing the real economy impact of any policy decisions taken today.” The Governor then urged committee members to ensure that their decision would remain sound under different possible global economic scenarios.

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Police Arrests 4 in Connection with Viral Bill’s Microfinance Incident

The Ghana Police service has announced the arrest of four suspects over an alleged assault in connection with the viral footage involving involving officials of Bill’s Microfinance. The Police Service in a statement released on March 15,2026 explained that the arrest of the four men which was carried out on March 14 ,2026 follows a report filled by the victim 2026, Madam Hagar Emaser on March 13,2026. The statement by the police service identified these four suspects as Denis Wornyo, Albert Amarh,Ebenezer Amartei, and Atsu Lawson. The Police added that the suspects are currently assisting with investigations processes and futher urged victims of assaults to report to authorities. The Service also advised persons with grievances relating to loan transactions or other civil matters to seek lawful and peaceful means of resolution.

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Ghana, Russia Holds Talks to Deepen Bilateral Cooperation

The Government of Ghana and Russia Government have held talks in Accra aimed at reviewing bilateral relations and exploring new areas of cooperation between the two countries. The meeting which held on March 12 at the Ministry of Foreign Affairs, brought together delegations from both sides to assess the current state of relations and discuss opportunities for expanding collaboration across several sectors. Ghana’s delegation was led by the Director of the Europe Bureau at the Ministry of Foreign Affairs ,Eric Owusu-Boateng,, while the Russian delegation was headed by Director of the Department of African States of the Russian Federation, Anatoly Bashkin. In a statement released , it stated that both sides reviewed bilateral trade relations and explored opportunities to deepen cooperation in agriculture, industrial development, manufacturing, infrastructure, energy and technology transfer. Discussions also centered around expanding partnerships between universities in the areas of science, engineering, technology and medicine. The delegation from the two countries further examined possibilities for cooperation in energy diversification, technical and vocational training as well as capacity building. They also reaffirmed their commitment to advancing existing bilateral agreements and strengthening diplomatic engagement through sustained dialogue. On regional and multilateral issues, the delegations exchanged views on developments in the Sahel and discussed preparations towards the upcoming Russia–Africa Summit scheduled for October 2026. During the engagement, the Ghanaian delegation also requested Russia’s cooperation in holding accountable a Russian citizen alleged to be involved in the non-consensual publication of explicit images of Ghanaian women. Russia assured Ghana of its cooperation in addressing the matter. Ghana further raised concerns about reports of the enlistment of Ghanaian youth in Russia’s ongoing special operations, with both sides agreeing to work together to address the issue.