Ghana Starts Gold Refining, Boosting Resource Sovereignty
Ghana has moved to capture greater value from its gold sector by launching local refining operations for artisanal and small-scale miners.
Currencies
Land Seizures Defended by Zimbabwe’s President Amid Talks of Superiority
Zimbabwean President Emmerson Mnangagwa defended the country’s land reform, saying reclaimed land from colonial settlers was returned to Zimbabweans despite triggering decades of international sanctions. The government has pledged $3.5 billion to compensate displaced white farmers but has struggled to meet payment deadlines.
Ghana Reference Rate for February declines marginally to 14.58%; interest rate expected to drop
The Ghana Reference Rate (GRR), a key benchmark used by commercial banks in pricing loans, has dropped marginally to 14.58%
South Africa increases minimum wage by 5% to ease cost-of-living pressures.
South Africa announced on Tuesday that it will increase the national minimum wage by 5% starting 1 March, raising the hourly rate to R30.23 ($1.89) from the previous R28.79 ($1.80).
Eurozone inflation slows to 1.7% in January
Eurozone inflation eased to 1.7% in January, according to preliminary data released Wednesday by Eurostat. Economists surveyed had also anticipated
As of December 2025, Two Banks Remain Undercapitalized – BoG
The Bank of Ghana has confirmed that two banks UMB and Prudential Bank Ghana remained undercapitalised as of December 2025.
Zodiac Gold to Invest $6.1 Million in Exploration of Liberia’s Todi Gold Project
Canadian gold exploration firm Zodiac Gold Inc. has kicked off its 2026 exploration activities at the Todi Gold Project in Liberia, committing $6.1 million to drilling and trenching at the Ben Ben target.
Ghana forfeits $54bn to trade-related illicit flows over a decade
Ghana forfeited an estimated US$54.1 billion to trade-related illicit financial flows between 2013 and 2022, ranking third among Africa’s most affected countries, according to a Global Financial Integrity report. The findings highlight widespread trade misinvoicing, particularly in key export sectors such as gold, cocoa and oil, and warn that without urgent reforms, the losses will continue to undermine the country’s development and economic sovereignty.
Gold and Silver Prices Fall Sharply Following Friday’s Decline
Gold and silver prices plunged further after a recent rally pushed both metals to record highs. Spot gold fell over 9% to $4,403 an ounce, while silver dropped 15% below $72. Analysts say the sell-off was triggered by Kevin Warsh’s nomination as US Federal Reserve chair, alongside profit-taking after weeks of parabolic gains.
Zenith Bank Names Charles Boakye Nimako as New Board Chairman
Zenith Bank (Ghana) Ltd has announced the appointment of Charles Boakye Nimako as its new Board Chairman. He succeeds Mrs Freda Yahan Duplan, who has led the Board since 2020, marking a new phase in the Bank’s leadership and governance.