Ghana Business News

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Ghana to Overhaul Gold Mining Policy to Boost Local Economy and Stabilize Cedi
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Ghana to Overhaul Gold Mining Policy to Boost Local Economy and Stabilize Cedi

Ghana is pivotally shifting its approach to its vast gold reserves, emphasizing that the extraction of an estimated 3 trillion ounces of underground gold must directly translate into substantial benefits for its citizens. This new stance, articulated by the Minerals Commission, signals a departure from traditional mining partnerships that historically favored foreign investors over national interests. The government aims to leverage these resources to foster internal development and ensure that the wealth generated from the country’s mineral endowment remains within the domestic economy. Isaac Tandoh, the Chief Executive Officer of the Minerals Commission, underscored this policy shift by stating that the nation will no longer participate in agreements that do not prioritize the improvement of Ghanaian lives. By demanding a larger share of the economic value, the Commission intends to reform how mining operations are conducted, ensuring they contribute more robustly to the national treasury and local communities. This strategic realignment is designed to correct long-standing imbalances in the sector and ensure that the mining of Ghana's precious metals serves as a catalyst for widespread prosperity. Complementing this vision, Tano North Member of Parliament Dr. Gideon Boako has called for a strategic utilization of gold to safeguard the nation’s economic sovereignty. Dr. Boako advocates for the accumulation of domestically produced gold as a primary reserve asset to insulate Ghana from external financial shocks and recurring foreign exchange crises. By building gold-backed reserves, the country can significantly reduce its overdependence on the U.S. dollar, stabilize the cedi, and decrease its reliance on external borrowing, thereby creating a more resilient financial foundation. The push for greater retention of gold value within Ghana is seen as a potential blueprint for other commodity-rich nations seeking to escape the "resource curse." As the Minerals Commission and legislative leaders align on these objectives, the focus moves toward implementation—transforming gold from a simple export commodity into a strategic financial tool. If successful, this shift could redefine Ghana’s economic landscape, providing the necessary fiscal space to fund infrastructure and social programs while establishing the nation as a leader in sovereign resource management.

CIMA President Alfred Ramosedi to Lead Professional Engagements in Ghana as Youth and Entrepreneurs Seek Global Opportunities
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CIMA President Alfred Ramosedi to Lead Professional Engagements in Ghana as Youth and Entrepreneurs Seek Global Opportunities

Ghana’s business and finance landscape is preparing for a series of high-profile international engagements and local entrepreneurial shifts. Alfred Ramosedi, the President of the Chartered Institute of Management Accountants (CIMA), is scheduled to visit the country on September 18-19, 2026, to engage with finance professionals and business leaders. Simultaneously, Ghanaian youth are making their mark on the global stage at the 2026 International Festival of Youth in Russia, while local business leaders are calling for strategic positioning and income diversification among the nation's creative and young entrepreneurial classes. Mr. Ramosedi, who was elected CIMA President in June 2026, will serve as the Chief Guest at the CGMA Convocation Ceremony during his visit. His agenda focuses on the evolving role of management accounting in driving economic growth, with a specific emphasis on integrating Artificial Intelligence (AI) into the profession. With over three decades of experience in financial services, Ramosedi intends to interact with CIMA members, CGMA students, and local companies to address emerging trends and challenges within the finance sector, ensuring future accountants are equipped for an AI-enabled professional environment. Beyond the finance sector, the Ghana Russia Centre for Commerce and Relations has highlighted the strategic importance of the 2026 International Festival of Youth in Ekaterinburg, Russia. John Aggrey, CEO of the Centre, noted that over 20 Ghanaian participants are among the 10,000 young leaders from 191 countries attending the event. The festival serves as a critical platform for fostering joint ventures, scholarships, and business partnerships in sectors ranging from technology and entrepreneurship to media and education. Aggrey emphasized that these international links are expected to yield long-term commercial and institutional benefits for Ghana. Domestically, industry leaders are urging young professionals to adopt more resilient business models. Aisha Bengai, CEO of BenGuy Imports, speaking at the Konnected Minds LIVE 2026 event in Kumasi, encouraged entrepreneurs to focus on effective positioning rather than merely fearing competition. This sentiment was echoed by pencil artist and RNH Imports co-founder Aewura Adjoa, who advised fellow artists to diversify their income streams. Speaking on "The Career Trail" program, Adjoa stressed that while the arts can be lucrative, maintaining a side hustle or additional business venture is essential for long-term financial stability in an evolving market. These diverse developments—ranging from high-level professional visits to international youth festivals and local strategic coaching—underscore a period of active growth and networking for Ghana’s business community. As the country strengthens its institutional ties with global bodies like CIMA and expands its footprint in international forums, the focus remains on equipping the next generation of leaders with the tools, partnerships, and financial strategies necessary to thrive in a competitive global economy.

TCL Expands West African Smart Home Portfolio Amid Global Legal Dispute with Samsung
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TCL Expands West African Smart Home Portfolio Amid Global Legal Dispute with Samsung

TCL, a global leader in consumer electronics, has significantly ramped up its operations in West Africa with the unveiling of its 2026 product portfolio for Ghana and Nigeria. This regional expansion, showcased at a major event in Côte d’Ivoire, highlights the company's focus on high-end display technology and smart home solutions. However, this growth comes as the company simultaneously engages in a high-stakes legal battle against industry rival Samsung, alleging false advertising regarding "Mini LED" technology—a core component of TCL’s recent product launches. The newly launched 2026 lineup for the Ghanaian and Nigerian markets features the C7L SQD Mini LED TV as its centerpiece, alongside the FreshIN 3.0 cooling system and advanced smart laundry and refrigeration appliances. According to TCL, these innovations are specifically tailored to meet the evolving preferences of West African consumers who are increasingly demanding larger, more immersive viewing experiences and energy-efficient home solutions. By aligning its latest global technology with local needs, TCL aims to solidify its market share in the region’s growing electronics sector. While expanding its footprint in Africa, TCL is also taking aggressive steps to protect its brand and technology internationally. In a lawsuit filed in a Los Angeles federal court, TCL has accused South Korea's Samsung of misleading consumers by marketing its "M Model" televisions as using Mini LED technology. TCL alleges that these Samsung products are actually recycled models that lack the advanced hardware required for a true Mini LED experience. TCL’s legal representatives argue that this misrepresentation has unfairly harmed their market share, particularly as TCL claims to have outperformed Samsung in the United States' Mini LED sector due to more competitive pricing and authentic tech adoption. Samsung has vowed to defend itself against these allegations, maintaining that its product descriptions are accurate. As the legal proceedings unfold, TCL is seeking a court order to prevent Samsung from using the "Mini LED" label on the disputed models, in addition to pursuing monetary damages. This dual strategy of aggressive regional product deployment and assertive global litigation underscores TCL's determination to dominate the high-end display market. For consumers in Ghana and Nigeria, the focus remains on the arrival of these new appliances, which TCL promises will deliver premium smart home experiences in the coming year.

Emmanuel Armah-Kofi Buah, Minister of Lands and Natural Resources, addressing participants during the 28th China Mining Conference and Exhibition 2026 in Tianjin, China
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Ghana Woos Chinese Investors with $175m Climate Portfolio and Mining Value-Addition Strategy

The Government of Ghana has intensified its efforts to attract strategic investment from China, with high-level delegations pitching a diverse portfolio of climate-resilient and industrial projects. Speaking at separate high-profile forums in Beijing and Tianjin, government officials presented opportunities ranging from a US$175 million climate investment package to transformative partnerships in the mining sector. This dual-track engagement underscores President John Mahama’s administration’s commitment to leveraging international partnerships for sustainable industrialization and green growth. In Beijing, at the 2026 China International Fair for Trade in Services (CIFTIS), the Minister of State for Climate Change and Sustainability, Seidu Issifu, introduced three major climate-focused projects. These initiatives, valued between US$135 million and US$175 million, are central to the country's Climate Prosperity Plan. The projects are specifically designed to attract technology providers and investors specializing in green industrialization, climate-smart agriculture, carbon finance, and sustainable infrastructure. Minister Issifu emphasized that these investment-ready projects are critical for Ghana's transition toward a more resilient economy. Simultaneously, at the 28th China Mining Conference and Exhibition in Tianjin, the Minister of Lands and Natural Resources, Emmanuel Armah-Kofi Buah, called for a paradigm shift in the bilateral mining relationship. Minister Buah urged Chinese investors to move beyond the mere extraction and export of raw minerals, proposing instead deeper collaborations in local processing and industrialization. This strategy aligns with President Mahama’s vision for sustainable economic growth, focusing on job creation, skills development, and the expansion of local supply chains through technology transfer. To support these economic ambitions, the Ghanaian government is reviewing its mining regulations to ensure environmental sustainability while fostering a competitive environment for foreign direct investment. The long-standing partnership between Ghana and China is viewed as a cornerstone for achieving these goals, as the country seeks to transition from a primary resource exporter to a value-added industrial economy. These initiatives represent a proactive step toward achieving the dual objectives of national prosperity and environmental stewardship under the current administration.

Elizabeth Ofosu-Adjare, Minister of Trade, Agribusiness and Industry
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Ghana Secures $270 Million Poultry Investment and Targets $10 Billion Export Revenue Amid Agricultural Risks

Ghana’s agricultural sector is undergoing a significant transformation as the government and private partners announce a landmark $270 million investment in the poultry industry alongside ambitious new targets for non-traditional exports. The 24-Hour Economy Authority has finalized this multi-partner agreement under the National Poultry Transformation Programme, aiming to drastically reduce the nation’s $400 million annual expenditure on imported poultry. This strategic move coincides with a call from Minister of Trade Elizabeth Ofosu-Adjare for Ghana to reach $10 billion in non-traditional export revenue by 2030 through aggressive value addition and local processing of agricultural products. The $270 million poultry investment involves a consortium including Agrium Capital (UK), Petra Pension Trust, Axis Pension Trust, and the Ghana EXIM Bank. The initiative is designed to create a vertically integrated industry—spanning feed cropping, processing, and logistics—to produce 20,000 tonnes of processed broiler products annually, with plans to scale to 50,000 tonnes. Beyond improving food security, the project is expected to generate 12,000 direct jobs, supporting President John Mahama’s broader economic revitalization agenda through the 24-hour work cycle model. While the poultry sector receives this boost, the Ministry of Trade is simultaneously pushing for a national shift from raw material exports to high-value processed goods. Speaking at the Ghana International Horticulture Expo, Minister Elizabeth Ofosu-Adjare noted that non-traditional exports already surpassed $5 billion in 2025, representing a 30.7% increase from the previous year. By processing agricultural products like cocoa locally, the government aims to maximize earnings and stabilize rural incomes, though the Minister acknowledged that infrastructure challenges like fragmented supply chains and limited irrigation must be addressed to sustain this momentum. However, these economic ambitions face significant environmental and security headwinds. Fitch Solutions has issued a warning that the cocoa sector is at risk as the peak El Niño period coincides with the October-December crop cycle. Below-average rainfall and higher temperatures could threaten yields in both Ghana and Côte d’Ivoire, potentially impacting government revenues. These macro-level climate risks are mirrored at the micro-level in the Ada West District, where tomato farmers in the Koluedor enclave are battling production losses from heavy rainfall and a recent surge in farm thefts by individuals taking advantage of favorable market prices. In response to these local challenges, community leaders and farmers such as Daniel Kitcher are calling for enhanced vigilance and cooperation to protect agricultural investments. As market prices for tomatoes remain high, thieves have increasingly targeted farms during early morning and late-night hours. Stakeholders emphasize that for Ghana to achieve its $10 billion export target and successfully implement the 24-Hour Economy goals, security for smallholder farmers and resilience against climate volatility must remain central to the national agricultural strategy.

COPEC Forecasts Sharp Fuel Price Hikes as Energy and Transport Sectors Face Growing Fiscal Pressures
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COPEC Forecasts Sharp Fuel Price Hikes as Energy and Transport Sectors Face Growing Fiscal Pressures

Starting Wednesday, September 16, 2026, Ghanaian motorists and businesses will face significant increases in fuel costs following a surge in global oil prices. The Chamber of Petroleum Consumers (COPEC) projects that petrol prices will rise by 4.24% to approximately GH16.26 per litre, while diesel is expected to surge by 10.23%, reaching GH19.07 per litre. These adjustments are primarily driven by a sharp escalation in international crude oil prices, which have climbed from US$89.30 to over US$103 per barrel. Despite a marginal appreciation of the Ghana cedi against the US dollar, the currency's gains have been insufficient to buffer the impact of the global market surge during the second pricing window of September. Duncan Amoah, Executive Director of COPEC, has labeled temporary relief measures, such as the recent GH2-per-litre diesel reduction, as unsustainable in the long term. Instead, COPEC is advocating for the establishment of a strategic petroleum reserve to purchase products during price dips for release during surges. The Chamber is also calling on the government to extend subsidies—specifically requesting a GH1 per litre relief for petrol—and urging the expedited expansion of the Tema Oil Refinery (TOR) to enhance domestic refining capacity. Furthermore, Liquefied Petroleum Gas (LPG) is expected to see a significant price increase, with retail prices projected at GH15.32 per kilogramme. The volatility in fuel prices is compounded by deep-seated financial challenges within Ghana's broader energy sector. Ben Boakye, Executive Director of the Africa Centre for Energy Policy (ACEP), recently highlighted the deteriorating state of the Electricity Company of Ghana (ECG). Despite over $700 million in government investment, ECG’s operational losses have escalated from 21% to nearly 30%, with annual losses now exceeding GH20 billion. Boakye emphasized that these financial drains on the national budget dwarf education spending and called for urgent management reforms to prioritize efficiency over ownership structure, warning that the current trajectory is fiscally unsustainable for the state. In response to rising operational costs across the transport sector, the Accra Metropolitan Assembly (AMA) has proposed structural changes to improve public transit efficiency and revenue. Alex Johnson, the AMA’s Director of Transport, noted that the introduction of dedicated lanes for Aayalolo buses during peak hours could increase revenue by 45% and slash operating costs by 30%. By reducing the time buses spend in traffic, the initiative aims to mitigate the impact of rising fuel prices on public transport providers. As external shocks continue to strain West African economies, these calls for structural efficiency in energy and transport reflect a growing consensus on the need for systemic reform to ensure long-term fiscal stability.

Massive Turnout at Marina Mall as Second JoyNews–Republic Bank Habitat Fair Concludes in Accra
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Massive Turnout at Marina Mall as Second JoyNews–Republic Bank Habitat Fair Concludes in Accra

The second JoyNews–Republic Bank Habitat Fair concluded successfully at the Marina Mall in Accra on September 13, 2025, after three days of intensive engagement between industry experts and prospective homeowners. The event, which began on September 11, attracted a significant number of property investors, builders, and individuals eager to navigate the complexities of the Ghanaian real estate market. The final day saw a massive influx of attendees seeking practical solutions to transition from renting to homeownership, underscoring a growing national interest in sustainable housing and property investment. Central to the fair’s success was the robust participation of financial institutions, led by title sponsor Republic Bank Ghana. Representatives from the bank provided detailed insights into mortgage financing options tailored for both salaried workers and self-employed individuals. By offering professional guidance on financing and property acquisition, the fair aimed to demystify the mortgage process and provide clear pathways for Ghanaians to secure their own homes. The National Homeownership Fund (NHF) also played a pivotal role, promoting affordable housing schemes and financial products designed to bridge the gap between housing demand and accessibility. Beyond traditional financing and construction, the fair featured a diverse range of exhibitors showcasing modern lifestyle and infrastructure solutions. Companies such as Drive EV GH, Virtual Security Africa, and various renewable energy providers offered demonstrations on electric mobility, advanced home security systems, and energy-efficient building materials. This holistic approach allowed visitors to explore not only the purchase of a shell or land but also the integration of sustainable technologies and safety measures into their future residences. The presence of these exhibitors highlighted the evolving nature of the Ghanaian housing sector, which increasingly prioritizes security and energy efficiency. As the event drew to a close, organizers and exhibitors noted the high level of expert-to-consumer networking that took place over the three-day period. Attendees expressed appreciation for the opportunity to compare multiple housing solutions under one roof and receive direct advice from industry leaders. The success of the second JoyNews–Republic Bank Habitat Fair reflects a rising demand for professional guidance in the property sector and serves as a vital platform for stakeholders to address the housing needs of the public. The strong patronage suggests a resilient interest in real estate investment despite broader economic trends, setting a positive tone for future engagements in the industry.

IFC Managing Director Makhtar Diop to Visit Ghana as Eni and Vitol Secure New Tano Basin Petroleum Agreements
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IFC Managing Director Makhtar Diop to Visit Ghana as Eni and Vitol Secure New Tano Basin Petroleum Agreements

Ghana is intensifying its efforts to attract private capital to fuel industrial growth and energy security, highlighted by significant new agreements in the petroleum sector and high-level international engagements. The Government of Ghana, through the Ministry of Energy, has signed Memoranda of Understanding (MoUs) with Eni Ghana and Vitol Upstream Tano Limited to finalize petroleum agreements for offshore blocks GH WB 3 and GH WB 8 in the Tano Basin. This strategic move coincides with a broader national discourse where industry and finance leaders are calling for private capital to take the lead in the country’s green industrial transition, moving away from a reliance on public budgets and donor funds. The MoUs for the offshore blocks, signed by Energy Minister Dr. John Jinapor, cover an area of approximately 2,100 square kilometers with water depths ranging from 750 to 2,800 meters. These agreements represent a continuation of Eni’s long-standing presence in Ghana since 2009. The company, which currently produces about 40,000 barrels of oil equivalent per day, is committed to enhancing responsible investment in the upstream sector. This expansion is expected to bolster Ghana's energy production capacity while maintaining Eni's focus on community initiatives and sustainable hydrocarbon projects. Parallel to these industrial developments, the International Finance Corporation (IFC) is deepening its strategic commitment to the country. IFC Managing Director Makhtar Diop is scheduled to visit Ghana from September 15 to 17, 2026, to engage with government and private sector leaders. Mr. Diop’s visit will focus on mobilizing private investment to enhance national competitiveness and create jobs, with a specific emphasis on agribusiness, education, and renewable energy. His tenure at the IFC has been characterized by a push for financial inclusion and innovative financing solutions to support sustainable, inclusive growth. The combined push for private sector involvement is supported by experts who argue that Ghana’s climate transition and green finance goals cannot be met by the public sector alone. By creating a more conducive environment for private investment, the nation aims to bridge the funding gap required for sustainable business growth. These developments signal a pivot toward a more private-sector-led economic model, as the government works to balance traditional energy production with ambitious green industrial goals to achieve long-term economic stability.

Prudential Life, GCB Bank, and The Or Foundation Spearhead New Wave of Corporate Sustainability and Community Impact
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Prudential Life, GCB Bank, and The Or Foundation Spearhead New Wave of Corporate Sustainability and Community Impact

West African corporate and non-profit sectors are demonstrating a heightened commitment to environmental, social, and governance (ESG) standards, led by Prudential Life Insurance Ghana being named the 2025 Corporate Social Responsibility (CSR) Company of the Year. At the Chartered Insurance Institute of Ghana Excellence Awards, Prudential was recognized for its holistic approach to community development, including the Mangrove Restoration Project and the PRU Climate Action Project. The company has also made significant strides in education and financial literacy through its Cha-Ching Programme, while providing tangible infrastructure like recycled plastic desks for schools and vocational training for vulnerable women. This recognition highlights a broader shift where CSR is no longer a peripheral activity but a core component of institutional strategy. Simultaneously, financial institutions and agricultural leaders are integrating sustainability into their operational frameworks to drive regional development. GCB Bank PLC has launched two major initiatives: a partnership with the Ghana National Fire Service to train traders at Accra’s Circle and Kantamanto markets in fire prevention, and a collaboration with the Catholic Church for the West Africa Youth Days 2026. The bank’s fire safety program includes the donation of extinguishers and the creation of 20 Market Fire Safety Champions to protect local livelihoods. In the agricultural sector, Nigeria-based Sunbeth Global Concepts has set a regional benchmark by becoming the first Nigerian agricultural firm to voluntarily adopt the IFRS S1 and S2 Sustainability Disclosure Standards, documenting its efforts in ethical sourcing, child labor remediation, and the mapping of over 140,000 hectares of farmland. Innovation in the circular economy is also reaching the global stage through the work of the Accra-based non-profit, The Or Foundation. The foundation is set to unveil its recycled textiles platform, Foose Materials, at the London Design Festival in September 2026. The showcase will feature 'Cassaboard,' a biocomposite made from shredded post-consumer textiles, and 'Tarnty,' a circular yarn created from unsold garments sourced from Ghana’s Kantamanto Market. These initiatives directly address the environmental crisis caused by global fast fashion by converting waste into high-value design materials, thereby supporting local artisans and environmental restoration. These combined efforts across the insurance, banking, agriculture, and textile sectors underscore a maturing business landscape in West Africa. By focusing on financial inclusion, environmental remediation, and disaster prevention, these organizations are addressing systemic risks while fostering community resilience. As these projects move into 2026, the emphasis remains on transparency and measurable impact, signaling a new era where regional growth is inextricably linked to sustainable and ethical business practices.

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Ghana’s 2026 Economic Outlook: ICT Sector Drives 6% Growth Amid Looming Oil Price Spikes and Agricultural Risks

Ghana’s economy is navigating a complex landscape of digital-led expansion and emerging inflationary pressures as of the second half of 2026. The country recorded a real GDP growth of 6% in the second quarter of 2026, a performance heavily supported by a surging Information and Communication Technology (ICT) sector. However, this growth marks a slight deceleration from the 6.6% recorded during the same period in 2025, a slowdown primarily attributed to weakened performance in the agricultural sector. This cooling in traditional sectors highlights the growing importance of the digital economy in maintaining national economic momentum under the administration of President John Mahama. While the ICT sector provides a buffer, the agricultural and export sectors remain vulnerable to environmental and structural risks. Analysis from Fitch Solutions has previously underscored the significant threat posed by El Niño conditions to the cocoa sectors in both Ghana and Côte d’Ivoire. The combination of reduced rainfall and higher temperatures during critical crop development phases continues to threaten cocoa yields, which are vital for export earnings and rural livelihoods. Furthermore, these agricultural challenges often lead to heightened food inflation, particularly for essential imports like rice, complicating the economic outlook for commodity-exporting nations that are already sensitive to fluctuations in foreign exchange inflows. Adding to these concerns is a sharp rise in global energy costs that threatens to trigger a new inflationary cycle. By mid-September 2026, Brent crude oil prices surged past the US$100 mark, peaking near US$110 per barrel. This sudden spike in oil prices poses a major challenge for Ghanaian businesses and households, arriving just as domestic price pressures had begun to ease. Consumers are now bracing for fuel price shocks that are expected to ripple through the economy, increasing transportation costs and the price of goods and services across the board. As the government monitors these developments, the focus remains on balancing the success of the digital economy against the volatility of the commodities market. With gold and cocoa exports facing potential yield and price risks, the recent oil price surge adds a layer of fiscal pressure that may impact government revenue and expenditure through the end of the year. The resilience of the ICT sector will be tested as it continues to serve as the primary engine for growth in an environment increasingly shaped by global energy volatility and climate-related agricultural shifts.

Ghana News Agency Board Outlines Strategic Plan for Digital Modernization and Financial Sustainability
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Ghana News Agency Board Outlines Strategic Plan for Digital Modernization and Financial Sustainability

The Governing Board of the Ghana News Agency (GNA) has established a comprehensive strategic roadmap aimed at transforming the national wire service into a modernized, financially sustainable multimedia powerhouse. Chaired by Dr. Kwame Akuffo Anoff-Ntow, the Board's newly outlined priorities focus on enhancing editorial and multimedia operations to remain competitive in an increasingly digital media landscape. This initiative arrives at a critical juncture as the agency seeks to bolster its digital capabilities to combat the rise of misinformation while maintaining its longstanding commitment to ethical journalism and public accountability. A central component of this modernization effort is the ongoing renovation of the GNA Head Office and various regional offices across the country. These upgrades, funded by the African Development Bank, are designed to create a conducive environment for digital journalism and integrated multimedia workflows. General Manager Mr. Albert Kofi Owusu reported that these physical improvements are essential for upgrading the agency's operational infrastructure. To support these infrastructure changes, the Board is prioritizing financial stability through a dual approach: advocating for increased government subvention while simultaneously launching innovative revenue-generation initiatives to ensure long-term resource mobilization. Addressing human resource constraints remains a primary pillar of the Board's strategy. Significant staffing gaps have emerged due to a wave of retirements, prompting the Board to pursue strategic recruitment and secure the necessary approvals to fill critical roles. Beyond increasing headcount, the strategy emphasizes building editorial capacity in digital tools and multimedia storytelling. By strengthening its human capital, the GNA aims to reinforce its position as the primary credible news source in Ghana, ensuring it can provide timely and accurate information to the public in an era of rapid technological change. As the GNA navigates this transition, the Governing Board has reiterated its commitment to policy oversight that balances aggressive modernization with editorial integrity. The successful implementation of these strategic priorities is expected to transform the agency from a traditional news provider into a versatile, competitive multimedia organization. By integrating modernized facilities with a digitally savvy workforce and a more robust funding model, the GNA seeks to secure its relevance and leadership within the evolving Ghanaian media landscape under the current administration of President John Mahama.

Augustus Goosie Tanoh (right), Presidential Advisor, 24-Hour Economy and Accelerated Export Development, and Rod Bassett (2nd from right), CEO, Agrium Capital Limited, signing the documents with other partners. Picture: ERNEST KODZI
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President Mahama Advances 24-Hour Economy with $270M Poultry Investment and District Market Initiative

The 24-Hour Economy Authority has finalized a landmark $270-million agreement to revitalize Ghana's poultry sector, marking a significant milestone in President John Mahama’s signature economic policy. This strategic investment, signed under the National Poultry Transformation Programme, aims to drastically reduce the nation's reliance on imported poultry, which currently costs the state approximately $400 million annually. The initiative represents a major step toward industrializing the agricultural sector while providing a much-needed boost to national food security and trade balances. The investment involves a high-profile consortium of partners, including Agrium Capital from the United Kingdom, Petra Pension Trust, Axis Pension Trust, and the Ghana EXIM Bank. The project is designed as a comprehensive value-chain intervention, covering everything from feed-crop production to processing and logistics. It sets an initial production target of 20,000 tonnes of processed broiler products per year, with plans to scale up to 50,000 tonnes as the infrastructure matures. Beyond production, the agreement is expected to be a massive engine for employment, with projections suggesting the creation of 12,000 direct jobs for Ghanaians. Complementing this industrial push, President Mahama has also announced a plan to establish "24-Hour Markets" across all districts to energize local economies. Speaking during his recent "Resetting Ghana" tour, the President emphasized that these markets are intended to serve as functional hubs that support the livelihoods of farmers and traders by providing accessible, safe, and active trading spaces regardless of the time of day. This initiative is a core component of the broader 24-Hour Economy agenda, which seeks to increase business operating hours, enhance productivity, and ensure that economic opportunities are available in every corner of the country. These combined efforts reflect the government’s strategy to integrate large-scale industrial investment with grassroots economic empowerment. As the 24-Hour Economy Authority moves toward finalizing a formal shareholders’ agreement for the poultry project, the administration is focusing on creating a self-sustaining economic environment. By bridging the gap between modern processing facilities and active local markets, the government intends to transform Ghana into a hub of agricultural productivity and continuous commercial activity, ultimately fostering long-term economic resilience.