Ghana Business News

Follow the latest Ghana business and economy news: the cedi, inflation, companies, banking, and trade. Coverage is curated from Ghana's leading newsrooms and kept current through the day, newest first.

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CDABI-GH Celebrates Passage of Ghana's Virtual Asset Law as a Milestone for Digital Innovation

The Chamber of Digital Assets and Blockchain Innovation (CDABI-GH) has hailed the recent passage of Ghana's Virtual Asset legislation as a pivotal achievement for regulatory clarity, consumer protection, and investor confidence. In a statement released on December 24, 2025, CDABI-GH commended the collaborative efforts of the Bank of Ghana, the Securities and Exchange Commission, and Parliament, which they believe have laid a strong foundation for a safe and regulated environment for digital assets. This legislation signifies a shift from experimentation to formal regulation, reflecting Ghana's commitment to fostering responsible digital innovation. Looking ahead, CDABI-GH has expressed its dedication to supporting the implementation of the law, emphasizing the importance of compliance and educational initiatives to promote responsible practices within the sector.

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Energy Ministry Ensures Stable Electricity Supply During AKSA Ahwomaso Power Plant Test Runs

The Ministry of Energy and Green Transition has reassured Ghanaians of a stable electricity supply this Christmas, coinciding with the commencement of test runs at the AKSA Ahwomaso Power Plant. This new facility is expected to contribute approximately 141 megawatts (MW) to the national grid, significantly improving electricity availability for both households and businesses. Although minor disruptions may occur during the testing phase, the Ministry has committed to careful management of these operations to ensure reliability. They emphasize their dedication to maintaining service stability throughout the festive season and beyond, aiming to enhance the overall energy experience for Ghanaians.

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CDABI-GH Celebrates Passage of Ghana's Landmark Virtual Asset Legislation

The Chamber of Digital Assets and Blockchain Innovation (CDABI-GH) has lauded the recent passage of Ghana's Virtual Asset legislation, heralding it as a pivotal achievement for regulatory clarity, investor confidence, and consumer protection. In a statement issued on December 24, 2025, CDABI-GH emphasized that this law signifies a shift from experimentation to formal regulation, reflecting Ghana's commitment to fostering responsible digital innovation. The Chamber acknowledged the collaborative efforts of the Bank of Ghana, the Securities and Exchange Commission, and Parliament in crafting this legislation, which is expected to create a safer environment for both businesses and consumers. Looking ahead, CDABI-GH expressed its readiness to assist in the law's implementation, focusing on education and compliance to promote responsible practices within the virtual asset market.

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Energy Ministry Guarantees Stable Electricity During Christmas Amid AKSA Ahwomaso Power Plant Tests

The Ministry of Energy and Green Transition has reassured Ghanaians of a stable electricity supply this Christmas, coinciding with the initiation of test runs at the AKSA Ahwomaso Power Plant. Once fully operational, the plant is expected to contribute approximately 141 megawatts (MW) to the national grid, significantly bolstering electricity availability for both households and businesses. Although the Ministry acknowledges that brief disruptions may occur during the testing phase, it emphasizes that careful management will be implemented to ensure reliability. The Ministry remains committed to maintaining service stability throughout the festive season and beyond, aiming to alleviate concerns over electricity supply during this peak period.

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Ghana's Parliament Approves GH¢357 Billion Budget for 2026 Fiscal Year

Ghana’s Parliament has officially approved a budget totaling GH¢357,105,639,080 for the 2026 fiscal year, following the passage of the Appropriation (No. 2) Act, 2025. This budget is designed to facilitate government operations and development initiatives from January 1 to December 31, 2026. Key allocations from the Consolidated Fund will be directed towards various Ministries, Departments, and Agencies (MDAs). Additionally, selected institutions are permitted to retain and utilize GH¢18,180,717,613 from their internally generated funds (IGF). This budget underscores the government's commitment to effective fiscal management and strategic resource allocation aimed at fostering economic growth in the country.

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Richard Nii Armah Quaye Launches New Food Bank in Techiman to Combat Hunger

Ghanaian entrepreneur Richard Nii Armah Quaye has officially opened a new branch of his food bank initiative in Techiman on December 20, 2025. This marks the 13th branch since the organization was launched in August 2025, reflecting Quaye's ongoing commitment to combating food insecurity across Ghana. The food bank aims to provide free meals to the community, allowing families to redirect their resources towards essential needs such as education and healthcare. Emmanuel Lamptey, CEO of Quick Angel Limited, represented Quaye at the opening ceremony, highlighting the foundation's dedication to eradicating hunger in the region. The initiative has garnered overwhelming support from the local community, who expressed gratitude for the service, believing it will significantly enhance their quality of life and contribute to social stability.

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Ghanaian Cocoa Farmers Struggle Despite Surge in Global Prices

Randy Abbey, CEO of Ghana Cocoa Board, has raised alarms regarding the plight of cocoa farmers in Ghana, who have not benefited from a significant rise in global cocoa prices over the past eighteen months. While international prices soared to approximately $12,000 per tonne, local farmers continue to grapple with severe financial challenges, primarily due to excessive debt and difficulties in fulfilling contracted cocoa quantities during the 2023 crop season. Abbey highlighted that despite making substantial adjustments to producer prices, the anticipated advantages for farmers have not materialized, leaving them in a precarious situation. This scenario underscores the ongoing struggles within the cocoa sector, where external price increases do not translate into improved livelihoods for local producers.

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Trade Minister Calls for Local Sourcing to Boost Ghana's Manufacturing Sector

In a recent address, Ghana's Minister of Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, emphasized the importance of local sourcing for raw materials among the country’s manufacturing firms. This initiative aims to enhance job creation and promote sustainable industrialization within the nation. Ofosu-Adjare's remarks come in light of GB Foods’ upcoming plans to engage fully in commercial farming, targeting a local sourcing rate of 90-100% for its raw materials next year. She praised GB Foods for its operational excellence and significant contributions to the local economy through job creation and exports. Additionally, the Minister announced government support for local garment manufacturers and plans to establish new garment plants, which will help reduce reliance on foreign production. This strategy is part of a broader vision to position Ghana as a key industrial hub in Africa, reinforcing the need for a robust local manufacturing sector.