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business

Youth Employment Agency Launches 10,000-Job EV Delivery Brigade as Ghana's Business Landscape Pivots Toward Green Innovation

Yesterday•3 min read•6 sources
 Youth Employment Agency setting up EV 'bike' delivery brigade
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  3. /Youth Employment Agency Launches 10,000-Job EV Delivery Brigade as Ghana's Business Landscape Pivots Toward Green Innovation

Ghana’s business landscape is undergoing a significant transformation driven by green technology, market-led agricultural shifts, and a maturing informal economy. Leading this change, the Youth Employment Agency (YEA) has announced the launch of an EV Delivery Brigade, a nationwide initiative designed to create over 10,000 jobs for young Ghanaians. The program will deploy electric bikes across all 16 regions and establish a comprehensive infrastructure of battery charging and swapping stations. Beyond logistics, the YEA is prioritizing technical skill development by providing specialized training for beneficiaries in the assembly, repair, and maintenance of electric vehicles, positioning the youth at the forefront of the country's emerging green economy.

This push for sustainability is echoed by calls for increased institutional support for green entrepreneurship. During the Recycle Up! Ghana (RUG) Incubation Programme Demo Day in Ejisu, Director of Operations Gertrude Mawuena Goh urged the government and corporate sector to provide more robust funding for the circular economy. Since 2019, RUG has supported over 35,000 individuals in waste management and sustainable business solutions. The most recent cohort showcased innovative startups like Ecofurn, which won first place for its production of eco-friendly school desks made from recycled materials. However, advocates note that insufficient funding and regulatory hurdles remain significant barriers to scaling these youth-led innovations in the food, cosmetics, and waste sectors.

While technology and circularity gain ground, traditional sectors are also adapting to changing market demands. In the Bono East Region, many farmers are transitioning from staple crops like yam and maize to commercial vegetable production. According to Patrick Acheampong, the 2025 Bono East Regional Best Farmer, the shift toward pepper, tomatoes, and garden eggs is a direct response to high market demand and the potential for quicker commercial returns. This adaptability is mirrored in Accra’s informal economy, where roadside trading—once viewed primarily as a survival mechanism—has evolved into a thriving and lucrative business sector. From coconut sellers to food vendors, these entrepreneurs are successfully capturing large customer bases and contributing significantly to urban economic activity.

These local developments occur against a backdrop of broader changes in corporate governance and global energy trends. Across the continent, a growing number of African business giants are stepping down from executive roles to facilitate professional succession and restructuring, though they maintain significant influence as shareholders. Internationally, recent massive power disruptions in Europe have spurred a scramble for advanced battery storage solutions to protect industrial production. As Ghana builds out its own electric vehicle and energy infrastructure, these global lessons highlight the importance of resilience. Together, these trends point toward a Ghanaian economy that is increasingly professionalized, environmentally conscious, and responsive to modern consumer needs.

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Fidelity Bank Ghana Enhances National Security Infrastructure with Pwalugu Police Training School Renovation
business|Yesterday

Fidelity Bank Ghana Enhances National Security Infrastructure with Pwalugu Police Training School Renovation

Fidelity Bank Ghana has officially commissioned the newly renovated Multipurpose Auditorium at the Police Public Safety Training School (PPSTS) in Pwalugu, marking a significant upgrade to the facility's capacity for law enforcement education. This project is the latest milestone in a decade-long partnership between the financial institution and the Ghana Police Service, aimed at bolstering the nation's security apparatus through improved training infrastructure. The refurbished auditorium is designed to serve as a modern hub for training sessions, conferences, and various institutional activities essential to the development of police personnel. Speaking at the handover ceremony, Harold Ansah, the Head of Personal Banking at Fidelity Bank, emphasized the bank's deep-rooted commitment to national security and community well-being. He noted that the provision of high-quality training spaces is fundamental to ensuring that law enforcement officers are adequately prepared for the complexities of modern policing. This renovation follows a string of previous support initiatives by the bank for the PPSTS, which have included the installation of a mechanized borehole and the upgrading of kitchen facilities, reflecting a sustained investment in the school’s operational environment. Assistant Commissioner of Police (ACP) Dr. Wilson Aniagyei expressed profound gratitude on behalf of the Ghana Police Service, acknowledging the positive impact of Fidelity Bank’s consistent support over the past ten years. He highlighted that a well-resourced police service is a prerequisite for public safety and that the upgraded facility would significantly enhance the school's ability to host rigorous training programs. Dr. Aniagyei underscored the importance of such private-sector collaborations in addressing infrastructure gaps within public safety institutions. This initiative underscores the strategic role of Corporate Social Responsibility (CSR) in national development, particularly where financial institutions align their philanthropic efforts with the state's security goals. By modernizing the PPSTS auditorium, Fidelity Bank is contributing to a more efficient and professionalized security force. As the partnership moves into its second decade, both the bank and the Ghana Police Service have indicated a continued dedication to collaborative efforts that strengthen the nation’s security framework and benefit the wider Ghanaian community.

Ghana Hotels Association Navigates Dual Pressures of Galamsey-Tainted Food Supply and High Energy Costs
business|Yesterday

Ghana Hotels Association Navigates Dual Pressures of Galamsey-Tainted Food Supply and High Energy Costs

The Ghanaian hospitality sector is facing a complex set of operational challenges that threaten both its profitability and reputation, ranging from environmental pollution affecting food supply chains to rising utility costs. The Ghana Hotels Association (GHA) has raised alarms over the direct impact of illegal mining, popularly known as galamsey, on local fish consumption. Simultaneously, the industry is working with the Energy Commission to implement aggressive cost-saving energy-efficiency measures to mitigate the high cost of doing business in the country. According to the GHA, hotel operators are increasingly forced to import fish to satisfy the demands of their guests, particularly expatriates. This shift is driven by growing health concerns regarding locally caught fish, which many guests perceive to be contaminated by heavy metals and chemicals used in galamsey activities within Ghana’s water bodies. The association notes that the refusal of local produce not only increases operational overheads due to import expenses but also undermines the national "Buy Ghana" initiative, highlighting how environmental degradation is actively disrupting the tourism and hospitality value chain. On the operational front, the Energy Commission has stepped in to help hotels manage electricity costs, which remain a significant burden on the industry. At a recent stakeholder engagement in Tamale, Hubert Nsoh Zan of the Commission identified the hospitality sector as a major consumer of power that requires immediate intervention. The Commission is urging hotels to phase out poorly rated appliances and optimize the use of existing equipment. Specific technical advice provided during the session included the strategic placement of refrigerators away from heat sources and minimizing door openings to conserve energy, which officials say can lead to substantial economic and environmental gains. Industry leaders have expressed a strong commitment to these transitions as a means of survival. Gilbert Dery from the Hotels Association emphasized that investing in energy-efficient technology is no longer optional but a necessity to protect thinning profit margins. Furthermore, Abigail Adjei, General Manager of Modern City Hotel, noted that guest cooperation is vital for the success of energy conservation efforts. As the sector navigates these environmental and economic pressures, the ability of hotel operators to balance food safety with cost-effective energy management will be crucial for the long-term resilience of Ghana's hospitality industry.

Ghana Records $2.62 Billion FDI Surge as Trade Ministry Sets $12 Billion Investment Target
business|Yesterday

Ghana Records $2.62 Billion FDI Surge as Trade Ministry Sets $12 Billion Investment Target

Ghana’s investment landscape has witnessed a significant rebound, with Foreign Direct Investment (FDI) inflows surging to $2.62 billion in 2025. This recovery follows a two-year decline where inflows hit a low of $649.58 million in 2023. According to the 2025 Annual Investment Report launched by the Ghana Investment Promotion Authority (GIPA), the country registered 254 new investment projects during the first year of the Mahama administration. These projects are projected to create approximately 18,748 jobs, predominantly for Ghanaian citizens, signaling a renewed confidence in the nation's economic trajectory. Minister for Trade, Agribusiness, and Industry, Mrs. Elizabeth Ofosu-Adjare, highlighted the government's ambitious strategy to convert a nearly $12 billion investment pipeline into operational businesses. Speaking at the report’s launch in Accra, the Minister emphasized that the government is focused on diversifying the economy through sectors such as agribusiness, textiles, pharmaceuticals, and automotive manufacturing. She urged foreign investors to prioritize strategic partnerships with local businesses and utilize Ghanaian inputs to enhance domestic value chains and maximize the economic benefits of their investments. The 2025 data reveals broad-based interest across key economic pillars, with manufacturing, energy, and technology receiving significant attention. Notably, the upstream petroleum sector saw a 20% increase in investment, reaching $870 million. Beyond capital injection, Minister Ofosu-Adjare called for a focus on skills development for the youth, asserting that translating these investments into productive capacity is essential for sustainable growth and reducing unemployment. While investment remains strong, more recent economic indicators from 2026 suggest shifts in the construction sector. The Ghana Statistical Service (GSS) reported that building cost inflation rose to 4.0% in July 2026, up from 3.1% in June. Although this represents a second consecutive monthly increase, the rate remains significantly lower than the 14.2% recorded in July 2025. Current price pressures are largely driven by an 18.0% jump in plant and equipment expenses and a 5.1% rise in material costs, even as labor costs saw a modest decline of 3.2%.

Global Oil Prices Slide 2% as Iran-Oman Talks Signal Possible Easing in Strait of Hormuz
business|Yesterday

Global Oil Prices Slide 2% as Iran-Oman Talks Signal Possible Easing in Strait of Hormuz

Global oil markets experienced a notable downturn on Wednesday, August 25, 2026, as prices for key crude benchmarks slid by approximately 2%. This decline was largely triggered by renewed diplomatic discussions between Iran and Oman aimed at reopening or securing navigation through the Strait of Hormuz, a vital chokepoint for global energy supplies. The prospect of eased tensions in the Persian Gulf, coupled with unexpected data regarding U.S. oil reserves, prompted traders to pull back from recent highs, reflecting a cautious optimism regarding the stability of global supply chains. Specific market benchmarks saw significant movement, with Brent crude futures falling by $1.78, or 2.0%, to settle at $86.80 a barrel. Similarly, U.S. West Texas Intermediate (WTI) crude dropped by $1.49, representing a 1.8% decrease to $80.87. At the heart of this market shift are high-level talks between Iranian and Omani officials concerning the establishment of a temporary navigational corridor. Such an agreement would facilitate safer passage for tankers in the Strait, which remains under pressure due to ongoing international sanctions and geopolitical friction. Adding to the downward pressure on prices was the latest report from the American Petroleum Institute (API), which indicated a significant rise in U.S. crude oil inventories. Reserves reportedly increased by 4.2 million barrels last week, far exceeding analyst expectations of a more modest build-up. This surge in domestic supply, combined with the U.S. government’s decision to begin returning diplomatic personnel to missions across the Middle East, suggests a slight de-escalation in the immediate regional risk profile that had previously driven prices upward. Despite the bearish trend, some market analysts observed that bargain hunting has begun to provide a floor for prices, preventing a more drastic collapse. Traders remain wary of underlying volatility, particularly following reports of an oil tanker being struck by an unidentified projectile near the coast of Oman. While the diplomatic overtures between Muscat and Tehran offer a path toward stability, the incident highlights the fragile security environment in the region. Moving forward, the market will closely watch for formal confirmation of the navigational corridor and official U.S. government inventory data to determine the next direction for crude futures.

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