Anansi News
HomeBriefsAnalysisAsk Ghana
Briefs
•
•

Stay Informed

Get AI-curated news briefs from Ghana delivered to your inbox every morning. Free forever, no spam.

Explore

  • Home
  • Briefs
  • About

Categories

  • Politics
  • Business
  • Sports
  • Entertainment
  • Africa

Features

  • Analysis
  • Cedi Rates
  • Dollar to Cedi
  • Ghana Gold Price
  • BoG Policy Rate

Topics

  • Armed Forces Recruitment
  • WAEC Results & News
  • Nana Ama McBrown
  • NDC News
  • All Topics

Legal

  • Privacy Policy
  • Terms of Service
Anansi News© 2026. All rights reserved.
Made withfor Ghana
  1. Home
  2. /Briefs
  3. /SOEs Hit GHc19.8bn Record Profit, Mining Reforms & New Majority Leader

SOEs Hit GHc19.8bn Record Profit, Mining Reforms & New Majority Leader

Aug 31 - Sep 1, 2026
•
74 stories
•7 min read
Economic TurnaroundMining RegulationPolitical Transitions

Top 3 Stories Today

  1. State-Owned Enterprises Rebound — Ghana’s state enterprises recorded a landmark net profit of GHc19.8 billion (~$1.77 billion USD) in 2025, signaling a sharp fiscal turnaround after four years of consecutive losses.
  2. Mining Sector Reform and Tragedy — While seven miners died in a pit collapse at Asaman Tamfoe, the government has designated 13 new small-scale mining zones to formalize and sanitize the industry under stricter environmental standards.
  3. NPP Vetting and Parliamentary Shifts — The New Patriotic Party has commenced vetting 47 aspirants for national roles as James Agalga takes the mantle of Majority Leader in a restructured 9th Parliament under the Mahama administration.

Politics & Governance

NPP Commences National Vetting; Agalga Becomes Majority Leader

The New Patriotic Party (NPP) has officially begun vetting 47 aspirants for national executive positions, a vital step in the party’s reorganization following the 2024 elections. Key figures like Paul Afoko and Boakye Kyeremateng Agyarko have appeared before the committee, with elections set for October 3, 2026. Simultaneously, the 9th Parliament has seen a leadership reshuffle: James Agalga (MP for Builsa North) is the new Majority Leader, succeeding Mahama Ayariga, who transitioned to the Ministry of Local Government.

Why it matters

These internal shifts define the political strategies of both major parties as they prepare for the 2028 cycle and manage the current legislative agenda.

Context

President John Mahama, inaugurated in January 2025, currently leads the NDC government. The NPP's reorganization is a direct response to their transition into the minority caucus.

Sources: Graphic Online, MyJoyOnline, Ghana News Agency

Supreme Court Vetting and Skytrain Corruption Trial

Parliament is currently vetting Supreme Court nominees, including Justice Anthony Forson Jnr and Justice Sophia Rosetta Bernasko Essah. This occurs as the judiciary clears the path for the trial of Solomon Asamoah, former GIIF CEO, regarding an unauthorized $2 million USD payment for the stalled Skytrain project. The Supreme Court recently dismissed an application to halt the High Court proceedings, with the defense set to be heard on September 23, 2026.

Why it matters

The Skytrain case is a high-profile test of the new administration's commitment to accountability regarding previous infrastructure expenditures.

What to watch

The defense testimony on September 23 will likely reveal internal decision-making processes regarding major public-private partnerships.

Sources: Graphic Online, Citi Newsroom

Dr. Zanetor Agyeman-Rawlings Pledges Environmental Reform

Assuming her role as Minister for Environment, Science, and Technology, Dr. Zanetor Agyeman-Rawlings has vowed a multi-sectoral crackdown on illegal mining (galamsey). Her tenure begins as the Minerals Commission designates 13 geologically studied 'blocked-out' areas for licensed small-scale miners to prevent speculative and destructive mining in water bodies.

Why it matters

Formalizing the mining sector is critical to Ghana's environmental recovery and stabilizing the cedi through official gold reserves.

Context

Galamsey (illegal small-scale mining) has devastated major rivers like the Pra and Birim, leading to high water treatment costs and agricultural land loss.

Sources: MyJoyOnline, GBC Ghana Online

Economy & Business

State-Owned Enterprises Return to GHc19.8 Billion Profit

After four years of losses, Ghana’s State-Owned Enterprises (SOEs) reported a consolidated net profit of GHc19.8 billion ($1.77 billion USD) for the 2025 financial year. Total revenue jumped 28% to GHc176.43 billion ($15.75 billion USD). However, the report highlights concentrated risks, as the Electricity Company of Ghana (ECG) carries liabilities of GHc82.31 billion (~$7.35 billion USD), representing nearly 30% of total sector debt.

Why it matters

While the turnaround is positive, much of the profit stems from foreign exchange gains rather than operational efficiency, masking ongoing debt crises in the energy sector.

For investors

Monitor the proposed liquidation of the Ghana Railway Company and the restructuring of ECG's debt as indicators of long-term fiscal stability.

Sources: Graphic Online, MyJoyOnline

$270 Million Poultry Deal and COCOBOD Recovery

The 24-Hour Economy Secretariat has finalized a $270 million USD agreement with Agrium Capital and other partners to revitalize Ghana's poultry sector, aiming to reduce the $400 million USD annual chicken import bill. Separately, the Ghana Cocoa Board (COCOBOD) returned to profitability with a net gain of GHc5.11 billion (~$456 million USD) for 2025 following a surge in operating revenue.

Why it matters

Reducing import dependency in poultry and stabilizing cocoa earnings are central pillars of the government's export-led growth strategy.

For diaspora

Opportunities for investment in integrated poultry value chains (feed, hatcheries, processing) are expanding under the current industrialization incentives.

Sources: MyJoyOnline, GhanaWeb

Fuel Prices Set to Rise in September

Petroleum consumers face a rise in pump prices starting September 1, with petrol projected to reach between GHc16.21 ($1.45 USD) and GHc16.39 ($1.46 USD) per litre. To mitigate the impact, the government has extended a GHc2 ($0.18 USD) per litre reduction in the regulatory margin on diesel, keeping prices around GHc17 ($1.52 USD) per litre.

Why it matters

Higher fuel costs directly drive transport fare increases, impacting food prices and general inflation.

Context

The price hikes are driven by international crude oil reaching $92 per barrel, despite a relatively stable cedi at GHc11.20 to the dollar.

Sources: MyJoyOnline, Citi Newsroom

Community & Safety

Asaman Tamfoe Pit Collapse; Ashanti Robbery Crackdown

Tragedy struck the Atiwa East District as seven miners died in a pit collapse at Asaman Tamfoe. Emergency services have concluded the rescue operation and launched a probe. Meanwhile, in Kumasi, the Ashanti Regional Police dismantled a major robbery syndicate, arresting six suspects, including a technician specialized in unlocking stolen mobile devices.

What to watch

The ongoing investigation into the Asaman Tamfoe site's legality may lead to further arrests in the district's mining administration.

Sources: ClassFM Online, Graphic Online

FDA Seizes Unregistered 'Cigarette' Candy

The Food and Drugs Authority (FDA) seized a large quantity of unregistered 'Cigarette Rod Lollipops' in Accra. The authority warned that the candy mimics smoking behaviors for children and violates the Public Health Act.

Why it matters

The FDA is tightening market surveillance against deceptive marketing and unregistered imports targeting minors.

Sources: Graphic Online

Sports

⚽ Inaki Williams Inspires Win; Karikari Scores Hat-Trick

Black Stars striker Inaki Williams provided a crucial assist in Athletic Club’s 2-0 victory over Celta Vigo in La Liga. In Serbia, Kwaku Karikari delivered a stunning hat-trick to lead Zeleznicar Pancevo to a 5-1 win over Radnik.

Black Stars context: Karikari’s prolific form in Serbia may earn him a look from national team selectors ahead of the next round of qualifiers.

Sources: GhanaWeb, MyJoyOnline

⚽ Black Princesses Squad for 2026 World Cup

Coach Charles Sampson has named his 21-member squad for the FIFA U-20 Women’s World Cup in Poland. The team will be without three key players, including captain Linda, due to ACL injuries. Ghana faces Ecuador in their opener on September 6.

Sources: MyJoyOnline

Entertainment

Accra Ranks 18th in World for Nightlife

Accra has been ranked 18th on Time Out’s list of the World’s Best Cities for Nightlife, praised for its blend of affordability and social connection. 75% of surveyed residents found genuine human connection while experiencing the city's nightlife.

Why it matters

This global recognition boosts Accra's profile as a tourism and cultural hub in West Africa.

Sources: Graphic Online

Until Next Time

Today we covered the historic GHc19.8 billion profit turnaround for state enterprises, the designation of 13 new mining zones following the Asaman Tamfoe tragedy, and the restructuring of parliamentary leadership. Thank you for reading the Anansi News Daily Brief!

Have feedback or suggestions? We'd love to hear from you at info@ghananews.ai

Ghana's top stories in 5 minutes

AI-curated news briefs delivered to your inbox every morning. Free forever.

More Daily Briefs

Sep 6, 2026

WASSCE Results, Stock Market Surge & BoG Cedi Warning

30 stories

Sep 5, 2026

1.7B Expressway Deal, Record SOE Profits & Galamsey Tragedy

65 stories

Sep 4, 2026

Cyber Fraud Spike, Binduri Suspect Neutralized & Expressway Milestone

29 stories

Briefs
Today
Yesterday
Sep 4
Sep 3
Sep 2
Sep 1
Aug 31
Aug 30
Aug 29
Aug 28