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.

Ghana’s Capital Markets Surge as Stock Exchange Activity Triples and Digital Asset Regulations Mature
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Ghana’s Capital Markets Surge as Stock Exchange Activity Triples and Digital Asset Regulations Mature

The Ghanaian financial landscape experienced a period of remarkable growth and transformation in late 2026, characterized by explosive activity on the Ghana Stock Exchange (GSE) and significant strides in the regulation of digital assets. By the end of August 2026, the GSE Composite Index and the Financial Stock Index reported staggering returns of 71.90% and 70.09%, respectively. This bullish momentum was underscored by a massive surge in trading activity, with 133,867 transactions recorded—a 323.86% increase compared to the previous year. This surge reflects a deepening investor confidence in the domestic capital market under the current administration of President John Mahama. Individual stock performance on the GSE showed a wide variance, with local pharmaceutical and advertising firms leading the charge. Dannex Ayrton Starwin PLC emerged as the top gainer with an exceptional 313.6% price increase, followed by Digicut Production & Advertising PLC at 211.1% and Hords PLC at 125.6%. However, the market also faced headwinds, with 16 stocks recording losses. Enterprise Group PLC saw the most significant decline at 33.1%, while Atlantic Lithium Ltd. and Societe Generale Ghana PLC fell by 15.2% and 12.1%, respectively. Parallel to the equities market, the Ghana Fixed Income Market (GFIM) saw its trade volume more than double to 48.99 billion, with Treasury Bills accounting for nearly 46% of that volume. While traditional markets thrived, Ghana also solidified its position as a burgeoning hub for digital finance through the expansion of its regulatory framework. Yellow Card, a leading global stablecoin infrastructure provider, was recently accepted into the Bank of Ghana’s regulatory sandbox for virtual asset service providers. This move follows the landmark passage of the Virtual Asset Service Providers (VASP) Act in December 2025. Gillian Darko, Vice President of Strategy at Yellow Card, noted that the company is working closely with the Securities and Exchange Commission (SEC) and the central bank to refine the country’s digital asset landscape, providing a regulated environment for stablecoin services. These domestic developments coincide with a broader global rally in digital assets, as traders increasingly turn to cryptocurrencies as a hedge against economic uncertainty. Bitcoin recently broke out of its long-term trading range, peaking at $82,272.31—its highest value since May—driven by what analysts call the 'debasement trade.' As global interest in assets like Bitcoin, Ether, and Solana grows, Ghana’s proactive regulatory approach via the VASP Act and the GSE’s robust performance suggest a dual-track maturation of the country's financial sector, balancing traditional equity growth with the high-tech demands of the digital economy.

Bank of Ghana Warns Against Cedi Misuse, Cites Prosecution for Money Spraying and Bouquets
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Bank of Ghana Warns Against Cedi Misuse, Cites Prosecution for Money Spraying and Bouquets

The Bank of Ghana (BoG) has issued a firm directive to the public regarding the handling of the national currency, warning that the improper use of Ghana Cedi notes and coins is a punishable offense. The central bank highlighted increasingly popular social practices—such as spraying money at events and the creation of "money bouquets" for gifts—as activities that undermine the integrity of the currency. According to the BoG, these actions are not merely social trends but legal violations that could lead to significant penalties for offenders. Specifically, the BoG pointed to acts such as stepping on banknotes during celebrations, dancing on cash, and defacing currency for decorative purposes as serious infractions. The central bank emphasized that the Ghana Cedi is strictly intended to serve as legal tender for transactions and should not be tampered with or used as a medium for artistic display. These practices contribute to the rapid wear and tear of banknotes, which ultimately forces the state to incur high costs for the printing and replacement of damaged currency. In response to these violations, the BoG has announced a partnership with law enforcement agencies to monitor public events and social media for evidence of currency abuse. Individuals found guilty of misusing the currency face the risk of arrest and prosecution, which may result in heavy fines, imprisonment, or both. This crackdown aims to restore respect for the national symbol and ensure that the physical condition of the currency is preserved across the country through stricter enforcement of existing laws. To support this enforcement drive, the central bank has called on the general public to act as whistleblowers by reporting instances of currency misuse to the authorities. By discouraging the public from treating banknotes as confetti or decorative material, the BoG hopes to foster a culture of financial discipline. This move underscores the regulator's commitment to maintaining the dignity of the Cedi and reducing the economic burden associated with the frequent replacement of defaced and worn-out notes.

Reuters Packs of clothing are displayed at a garment factory for Shein in Panyu District, Guangzhou
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Ghanaian Business Sector Signals Cautious Optimism for 2026 Amid Calls for Strategic Private Sector Partnerships

Ghanaian businesses are entering the second half of 2026 with a sense of resilience and cautious optimism, supported by a stabilizing macroeconomic environment. According to the Ghana National Chamber of Commerce and Industry (GNCCI) and the International Chamber of Commerce (ICC) Ghana, the stabilization of the cedi, alongside falling inflation and interest rates, has created a more predictable landscape for long-term planning. Stephane Miezan, President of the GNCCI, noted that these conditions represent a significant improvement over the volatility experienced in 2025, though he warned that global economic uncertainties continue to require a prudent approach from local firms to maintain their competitive edge. Reinforcing this outlook, Deputy Minister for Finance Thomas Nyarko Ampem recently emphasized that while the government has successfully stabilized the current economic climate, the priority must now shift toward securing long-term resilience. Speaking at the Business Roundtable Extended 2026 Executive Dialogue in Accra, Ampem called for a transition from economic correction to aggressive production expansion and job creation. This vision is shared by political commentator Kwame Jantuah, who has urged President John Mahama to more actively involve Ghanaian business leaders in international diplomatic engagements. Jantuah argued that such inclusion is vital for forging global partnerships and alleviating the financial pressures currently borne by state institutions through enhanced private-sector participation. Concrete support for the private sector is also manifesting through targeted financial initiatives and human capital development. The MTN Foundation’s Economic Empowerment Program has successfully disbursed GHC 5 million to 454 Micro, Small, and Medium Enterprises (MSMEs) over the last three years, specifically targeting youth, women, and disability-led businesses in the Bono, Bono East, and Ahafo regions. Additionally, Ghanaian professional expertise is gaining international recognition, as evidenced by the appointment of business executive and musician Opoku Sanaa as Head of Sales for the Middle East and Africa at Roland Europe Group, where he will oversee commercial strategy beginning in September 2026. Despite these domestic gains, industry leaders stress that significant hurdles remain regarding logistical efficiency and infrastructure. Emmanuel Doni-Kwame of ICC Ghana highlighted that reducing port delays and improving transport connectivity across West Africa are essential for sustaining investor confidence. These local efforts occur against a backdrop of major global shifts, including Tim Cook’s transition to Executive Chairman at Apple, Range Rover’s launch of its first fully electric model, and France’s new environmental levies on fast-fashion retailers. For Ghana, the next phase of growth will depend on the successful collaboration between the government and the private sector to navigate these international trends while strengthening domestic trade corridors.

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ECG Under Fire: Ketu South Protests Overbilling as PURC Demands Urgent Service Improvements

The Electricity Company of Ghana (ECG) is facing a wave of criticism from both the public and regulatory authorities following widespread reports of overbilling, power outages, and metering delays. In the Ketu South Municipality, hundreds of frustrated customers recently took to the streets to protest what they described as chronic billing inaccuracies and a lack of transparency from the utility provider. Led by community representatives Edem Viglo and Napoleon Gbeti, the demonstrators marched to the ECG Denu District Office, brandishing placards and demanding urgent reforms to ensure residents are charged fairly and treated with respect by utility officials. The unrest in Ketu South was met with local government support, as Municipal Chief Executive Nicholas Kwabla Worklachie acknowledged the legitimacy of the consumers' grievances, noting that he had personally experienced similar billing issues. A formal petition was submitted to ECG’s customer service representative, Madam Jatoe-Kaleo Christina, who assured the protesters that the company would review their concerns. Protesters emphasized that beyond the financial strain of inflated bills, the lack of clear communication from ECG has severely damaged the relationship between the utility and the community it serves. Simultaneously, the Public Utilities Regulatory Commission (PURC) has intensified its oversight of ECG, specifically addressing the surge in service-related complaints in the Greater Accra Region. During a recent engagement with ECG district managers, PURC's Greater Accra Regional Manager, Madam Gifty Bruce-Nelson, highlighted critical operational failures, including overloaded transformers and significant delays in the acquisition and replacement of meters. The regulator pointed out that these technical inefficiencies are often the root cause of the billing disputes and frequent power fluctuations that continue to plague both domestic and commercial users. To bridge the widening gap in service quality, the PURC has urged ECG to prioritize infrastructure upgrades and improve its public education efforts regarding billing practices. The commission stressed that better meter management is essential to reducing the volume of complaints and restoring consumer confidence. As the utility provider works to address these technical and administrative hurdles, the collaboration between the PURC and ECG remains pivotal in ensuring that electricity delivery aligns with national standards and provides the reliable energy foundation necessary for Ghana's economic growth under the current administration.

Standard Chartered Dividends and Leadership Restructuring Signal Resilient Growth in Ghana’s Financial Sector
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Standard Chartered Dividends and Leadership Restructuring Signal Resilient Growth in Ghana’s Financial Sector

Ghana’s financial landscape is demonstrating robust health and forward-looking momentum, headlined by Standard Chartered Bank Ghana PLC distributing GH¢97.8 million in dividends to the Social Security and National Insurance Trust (SSNIT). This payment, part of a broader GH¢673.95 million dividend approved for the 2025 financial year, underscores the banking sector's role in supporting national pension obligations and providing essential economic liquidity. CEO Xorse Godzi emphasized the bank's commitment to Ghanaian workers as the institution marks 130 years in the country. This fiscal success is mirrored by veteran economist Kwame Pianim’s recent praise for Fidelity Bank Ghana, which he held up as a model of sound governance and institutional maturity, urging the industry to prioritize domestic ownership and integrity to ensure long-term capital market resilience. Leadership transitions and structural reforms are also shaping the sector's trajectory. Enterprise Group Plc has announced key appointments effective September 2026, naming Jacqueline Benyi as Group Chief Operating Officer (Life) and Francis Akoto Yirenkyi as acting Managing Director of Enterprise Life Ghana. These moves are designed to strengthen the company’s regional footprint across Ghana, Nigeria, and The Gambia. Simultaneously, the industry is aggressively embracing digital transformation. Universal Merchant Bank (UMB) has become the first Ghanaian bank to offer virtual accounts for businesses within the virtual asset ecosystem, following regulatory approval. This is complemented by One Africa Securities Limited’s admission into the Securities and Exchange Commission (SEC) Virtual Asset Sandbox, facilitating the development of tokenized products and the upcoming launch of the digital platform ChainOA. Beyond digital innovation, financial institutions are deepening their focus on inclusive growth and specialized services to reach underserved segments. First National Bank Ghana has introduced innovative Investment Gift Cards to foster a culture of saving, while Societe Generale Ghana is actively engaging women business owners to address unique financing challenges and sustainability. In the pension space, Axis Pension Trust—managing over GH₵600 million for 70,000 contributors—has reaffirmed its commitment to capital preservation and long-term value over short-term gains. This focus on stability occurs as Ghana maintains a GH¢400 million minimum capital requirement for universal banks, a strategy focused on restoring capital adequacy and ensuring the sector can withstand global economic stresses. Looking ahead, the industry is set to celebrate excellence and chart future paths through several high-profile events. The 7th Ghana Credit Excellence Awards is scheduled for October 8, 2026, to honor trailblazers in banking and microfinance, while the Insurance Hub 2026 will convene on October 21 to discuss the intersection of trust, technology, and transformation. These gatherings, alongside community-focused initiatives like Advans Ghana’s recent courtesy call on the Ga Mantse to strengthen regional ties, reflect a financial sector that is not only stabilizing under the current administration but actively evolving to meet the complex needs of the Ghanaian public and the broader African market.

Accra Set to Host 16th Friends of Africa Economic Summit Targeting North American Investment
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Accra Set to Host 16th Friends of Africa Economic Summit Targeting North American Investment

Accra is set to become the epicenter of continental investment as it prepares to host the 16th African Economic Summit on September 17 and 18, 2026. The event, organized by the Friends of Africa (FOA) initiative, will be held at the Kempinski Hotel Gold Coast City. This marks a significant milestone for the country as it is the first time the summit will be hosted in Ghana, bringing together a diverse group of investors, entrepreneurs, business leaders, and government representatives from across Africa and North America to foster economic growth and development. Under the theme "Building Sustainable Futures: Scaling Investment Partnerships in Ghana," the two-day summit aims to bridge the gap between African enterprises and global capital. A major highlight of the program is a startup pitch competition featuring 40 selected startups seeking vital seed capital. By focusing on funding access and cross-border opportunities, particularly with partners in Canada and the wider North American region, the summit seeks to strengthen trade ties and empower the next generation of African business leaders within the diaspora and beyond. The summit's structure combines formal discussions with informal networking sessions designed to transform ideas into tangible investment opportunities. Participants can expect expert panels and deep dives into strategic partnership areas, alongside a vibrant cultural showcase. This exhibition of Ghanaian heritage, featuring local music, food, and talent, is intended to provide international delegates with a holistic experience of the host nation's economic and cultural potential. As preparations continue, the Friends of Africa initiative is inviting corporate organizations and stakeholders to participate through various sponsorship packages to enhance their visibility and engagement. By facilitating direct dialogue between financial leaders and entrepreneurs, the 16th African Economic Summit aims to establish a lasting framework for sustainable investment that will drive Ghana's economic future and bolster its position as a leading investment destination on the continent.

Ghana's Energy Sector Surges as BOST Energies Pays Historic Dividend and Shell-Chevron Join Oil Exploration Drive
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Ghana's Energy Sector Surges as BOST Energies Pays Historic Dividend and Shell-Chevron Join Oil Exploration Drive

Ghana’s energy landscape is experiencing a significant transformation, highlighted by record-breaking financial performance from state-owned BOST Energies and a major new exploration agreement with global oil majors Shell and Chevron. Energy and Green Transition Minister Dr. John Abdulai Jinapor recently announced these milestones, emphasizing the government’s commitment to maximizing the country’s hydrocarbon potential and ensuring energy security under the administration of President John Mahama. These developments represent a dual-track strategy to revitalize both the upstream exploration and downstream distribution sectors to drive national economic growth. In a major boost for the upstream sector, the Government of Ghana, alongside the Ghana National Petroleum Corporation (GNPC) and GNPC Explorco, signed a Memorandum of Understanding (MoU) with Shell Overseas Holdings and Chevron Sub-Saharan Africa Ventures during Africa Oil Week 2026. This strategic partnership focuses on the South Deepwater Tano Cape Three Points Block, an area estimated to hold over 3 billion barrels of hydrocarbon potential. Minister Jinapor described the agreement as a clear signal of "renewed investor interest" in Ghana, asserting that the government is actively enhancing the investment climate to attract further international collaborations that create lasting value. Parallel to these exploration efforts, BOST Energies Limited reported a landmark financial recovery for the 2025 fiscal year. At its 2026 Annual General Meeting in Accra, the company announced its first-ever dividend payment to the Government of Ghana in its 32-year history. The dividend, representing 5% of net profit and totaling GH"34.2 million, follows substantial increases in revenue, profitability, and shareholder equity. Managing Director Mr. Afetsi Awoonor attributed this milestone to a rigorous focus on operational efficiency, financial discipline, and resilience, marking a pivot from the company's previous years of financial struggle. The Minister of Energy praised BOST Energies for its performance, encouraging the board and management to maintain their focus on shareholder value and operational excellence. As the government continues to leverage the success of the Shell-Chevron deal to attract more upstream investment, these combined successes in state-enterprise management and resource exploration are expected to strengthen Ghana’s energy security. Moving forward, the government remains committed to using these partnerships to provide a substantial and sustainable boost to the national economy.

Wamkele Mene (left), Secretary-General, AfCFTA Secretariat, and Philip Gamey (right), Executive Chairman, QUEST Ghana, exchanging the signed agreement. Behind them are Pierre Laporte (middle), Minister for Finance, Economic Planning, Trade and Investment of Seychelles, and other dignitaries
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President Mahama’s $10B 'New Economy' Agenda Moves Toward Implementation Amid World Bank Infrastructure and Reform Warnings

Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has officially commenced high-level consultations with the Ministry of Trade, Agribusiness, and Industry to activate President John Dramani Mahama’s $10 billion "New Economy" programme. This strategic initiative represents a pivot from economic stabilization toward a long-term transformative phase, heavily supported by the "Feed the Industries" policy. By directly linking large-scale agricultural production with domestic processing, the administration aims to revitalize factory output and reduce unemployment. Key measures include the removal of a 20% excise duty on locally produced fruit juices and the creation of commercial production clusters, which are expected to generate over 250,000 jobs and underpin the government’s 24-Hour Economy agenda. Industrial expansion is also taking shape in Northern Ghana with the development of the Northshore Apparel Hub in Savelugu. Presidential Adviser Augustus Obuadum Tanoh has identified this facility as a cornerstone for a light industrial park designed to boost export manufacturing and create inclusive employment opportunities. To support these exports, the government plans to establish an agricultural corridor and an air cargo hub at Tamale International Airport. On a continental level, the AfCFTA Secretariat and QUEST Ghana have signed a pact to launch the AfCFTA Digital Trade Corridor (ADTC). This digital platform, set to pilot in several nations, aims to streamline cross-border payments and commodity exchanges, positioning Africa to tap into a digital economy projected to reach $712 billion by 2035. However, these growth prospects face significant headwinds from infrastructure gaps and fiscal risks. The World Bank’s 10th Ghana Economic Update has warned that poor road safety and infrastructure deficits cost the nation approximately US$4.55 billion annually, or 2.1% of GDP. Furthermore, the Bank cautioned that delays in critical reforms at the Ghana Gold Board, the energy sector, and COCOBOD could jeopardize recent debt sustainability gains. To mitigate these risks, the World Bank is advocating for a more robust fiscal risk management framework and greater accountability for state-owned enterprises to manage financial pressures before they destabilize public finances. On the ground, local manufacturers are urging the government to address rising production costs to remain competitive. The Ghana Leather and Footwear Manufacturers Association has petitioned for lower import duties on raw materials, citing a struggle against cheap synthetic imports. Similarly, the cashew industry is grappling with a "processing gap," where Ghana processes less than 6% of its annual production compared to the aggressive expansion seen in Côte d’Ivoire. In response to these diverse economic needs, the government is also modernizing auxiliary sectors, such as providing industrial crushers to informal waste recyclers and launching the Ghana National Fire Service’s Automated Fire Compliance and Safety System (AFCAS) to digitize safety certifications.

Deputy Finance Minister speaking at the engagement
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State-Owned Enterprises Reverse Losses with GH¢19.8bn Profit as Financial Irregularities Drop by 62.9%

Ghana’s State-Owned Enterprises (SOEs) have achieved a landmark financial turnaround in 2025, recording a consolidated net profit after tax of GH¢19.8 billion. This performance, detailed in the latest State Ownership Report, represents a significant reversal from the GH¢2.3 billion net loss recorded in 2024. Total revenue for the sector surged by 28.1% to reach GH¢176.4 billion, driven by robust growth in the agriculture and manufacturing sectors, improved foreign exchange earnings, and a strategic reduction in finance costs. The State Interests and Governance Authority (SIGA) attributed this recovery to enhanced corporate governance reforms and effective leadership under the administration of President John Mahama. Complementing this growth, Deputy Minister of Finance Thomas Nyarko Ampem announced a dramatic 62.9% reduction in financial irregularities across five audited sectors. Irregularities plummeted from approximately GH¢20.72 billion in 2024 to GH¢7.69 billion in 2025, far exceeding the government’s initial 50% reduction target. Under the theme "Recovering Every Cedi," the Ministry highlighted substantial improvements in the management of public boards and universities. However, the Minister issued a stern warning regarding rising irregularities within Ministries, Departments, and Agencies (MDAs), as well as Metropolitan, Municipal, and District Assemblies (MMDAs), calling for stricter preventive measures to safeguard public funds. The Ghana News Agency (GNA) emerged as a notable example of improved institutional performance within this framework. SIGA commended the GNA for increasing its total income by 8.49%, rising from GH¢14.37 million to GH¢15.59 million over the past year. This growth allowed the agency to slash its deficit from GH¢1.23 million to just GH¢0.46 million. The 2025 State Ownership Report specifically praised GNA’s "debt-light" financial structure, noting that the agency maintains no long-term financial obligations, which significantly reduces refinancing risks. Despite these gains, SIGA urged the GNA to diversify its revenue streams, as government subventions still account for more than 93% of its total income. Beyond financial metrics, the state sector saw a 5.5% increase in total employment, with women’s representation reaching 30.02%. While the overall trend is positive, challenges remain, including high debt levels in specific entities and a decline in government dividend receipts. SIGA’s Director-General has indicated that the authority is pushing for legislative reviews to further enhance accountability and performance monitoring. As the government continues its drive for transparency, the focus remains on ensuring that every public entity contributes positively to the national purse while maintaining the highest standards of governance.

Customs Commissioner Aaron Kanor Warns Travelers of Commercial Duties on Multiple Mobile Devices
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Customs Commissioner Aaron Kanor Warns Travelers of Commercial Duties on Multiple Mobile Devices

The Commissioner of the Customs Division of the Ghana Revenue Authority (GRA), Aaron Kanor, has cautioned travelers arriving in Ghana that carrying more than two mobile phones or similar electronic gadgets could attract commercial import duties. Under current customs guidelines, bringing in more than two devices is often classified as a commercial importation rather than for personal use, subjecting the traveler to additional charges. This warning comes as the GRA intensifies its efforts to maximize revenue from high-value electronic imports while ensuring a smoother flow of passengers at ports of entry, including Kotoka International Airport. Commissioner Kanor emphasized that while individuals are permitted to bring phones for personal use, the high resale value of modern smartphones—particularly premium brands like Apple and Samsung—makes them a significant focus for customs revenue. He noted that many travelers often fall into the trap of carrying multiple devices on behalf of friends or family members as gifts. However, from a customs perspective, these additional items are viewed as commercial goods because of their potential for resale. Kanor advised travelers to strictly limit their devices to one or two to avoid unexpected liabilities and penalties, noting that even well-intentioned gifts can lead to customs complications. To balance enforcement with efficiency, the GRA is currently working on automating passenger profiling systems. This initiative aims to streamline the customs process, allowing for more targeted checks and reducing wait times for the majority of travelers. By using data-driven profiling, the Customs Division hopes to identify high-risk commercial imports without unnecessarily inconveniencing ordinary passengers. Kanor highlighted that these technological upgrades are part of a broader transformation strategy within the GRA to improve operational efficiency and enhance national revenue collection. Travelers are strongly encouraged to declare any additional electronic devices upon arrival to avoid potential seizure or heavy fines. The GRA’s proactive stance reflects the government's focus on closing revenue loopholes and ensuring that commercial activities are properly taxed within the country. As customs checks on electronics become more stringent, authorities maintain that transparency and compliance are essential for travelers seeking to navigate these regulations without delay.

BoG and SEC Warn Against 'Daily Wealth Guide' Crypto Scam Using Doctored President Mahama Video
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BoG and SEC Warn Against 'Daily Wealth Guide' Crypto Scam Using Doctored President Mahama Video

The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have issued an urgent joint warning against a fraudulent cryptocurrency investment scheme operating under the name "Daily Wealth Guide." The regulators alerted the public that the platform is entirely unlicensed and is using deceptive promotional materials to lure unsuspecting investors into an illegal deposit-taking scheme. A particularly concerning aspect of this fraud is the circulation of a doctored video on social media falsely depicting President John Dramani Mahama endorsing the platform to gain undeserved credibility. According to the regulators, the "Daily Wealth Guide" scheme employs promises of extraordinarily high returns to attract victims. The BoG and SEC have clarified that neither the platform nor its operators have been granted the requisite licenses to conduct financial services or solicit deposits within Ghana. The authorities emphasized that the use of manipulated media featuring the President is a malicious attempt to deceive the public, and they have confirmed that no such endorsement exists. The scheme's operations are described as risky and illegal under current financial regulations. The regulators emphasized that engaging in deposit-taking activities without a valid license is a criminal offense under Ghanaian law, carrying significant penalties for perpetrators. Beyond the warning to potential investors, the BoG and SEC have called upon media organizations to exercise greater diligence. They urged broadcasters and digital publishers to thoroughly vet the licensing status of investment firms before accepting their advertisements to prevent the further spread of fraudulent schemes that target vulnerable citizens. This crackdown aligns with the government's broader initiative to strengthen the regulatory framework for virtual assets, supported by the recently established Virtual Assets Coordinating Committee. Citizens are strongly advised to verify the licensing status of any financial institution or investment platform with the BoG or SEC before committing funds. The regulators reiterated that high-return promises are often a hallmark of scams and urged the public to remain vigilant and report any suspicious investment activities to the appropriate authorities.

Finance Minister Dr. Cassiel Ato Forson Receives GH¢391 Million Dividend from Perseus Mining
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Finance Minister Dr. Cassiel Ato Forson Receives GH¢391 Million Dividend from Perseus Mining

The Government of Ghana has received a substantial dividend of GH¢391 million (approximately US$35 million) from Perseus Mining (Ghana) Limited, marking a significant sevenfold increase from the US$5 million paid during the previous fiscal year. Finance Minister Dr. Cassiel Ato Forson, who received the payment on behalf of the state during a ceremony in Accra, commended the mining firm for its robust operational performance and its continued contribution to the national economy. The payment stems from the government’s 10% carried interest in the mining company, highlighting a period of increased profitability for the firm during its 2026 financial year. Dr. Forson attributed the surge in dividend revenue to favorable global gold prices and the effectiveness of the government’s sliding-scale royalty regime. This framework is designed to ensure that the state captures a larger share of mineral wealth when commodity prices are high, providing a crucial boost to the national treasury. During the presentation, the Finance Minister urged other mining companies operating in the country to follow Perseus Mining’s lead by ensuring the government receives its fair share of dividends according to its equity stakes, reinforcing the principle that the nation’s natural resources must yield tangible benefits for its citizens. In a move to further support the mining sector and encourage continued investment, Dr. Forson announced that the government does not intend to introduce new taxes on the industry in the medium term. He specifically highlighted plans to abolish the Growth and Sustainability Levy, a move aimed at easing the fiscal burden on corporations and fostering a more competitive business environment. This assurance of fiscal stability is intended to provide mining firms with the predictability needed for long-term capital planning. The Board Chairman of Perseus Mining emphasized that the GH¢391 million dividend is part of a broader commitment to Ghana’s development. To date, the company has contributed approximately GH¢1.72 billion in mineral royalties and GH¢4.2 billion in corporate income taxes, alongside various social investment programs in its host communities. The company leadership underscored the importance of a stable and predictable regulatory environment, noting that such conditions are essential for Perseus Mining to maintain its strong operational performance and continue driving sustainable growth within the Ghanaian extractive sector.