GUTA has urged the Bank of Ghana to fast-track measures to bring commercial lending rates to single digits, following the recent policy rate cut to 15.5 percent. The move, the association says, would lower borrowing costs, expand credit access for traders and SMEs, and support business growth amid improving economic conditions.
Financial analyst Nelson Cudjoe Kuagbedzi has called on banks to publicly disclose the names of loan defaulters, arguing that the measure would strengthen recovery efforts and improve discipline in the banking sector. While noting a decline in non-performing loans, he warned that repayment culture remains weak and urged regulators to support stronger deterrence mechanisms to protect financial stability.
The FDA has urged the public to stop buying food sold in unhygienic locations, warning that the practice puts public health at risk. Deputy CEO Roderick Daddey-Adjei said consumers have a key role in driving change, as vendors will be forced to improve hygiene if people refuse to buy unsafe food.
Nigeria’s Defence Minister, General Christopher Musa (retd.), says the country’s growing security ties with Türkiye will not weaken its long-standing defence relationship with the United States, stressing that Nigeria’s non-aligned approach allows it to partner with multiple global powers to address its security challenges.
Ghana’s President John Mahama has been ranked fifth on DEVEX’s Power 50 list of the world’s most influential figures in global development, recognized for his leadership on the Accra Reset initiative, which aims to redefine Africa’s relationship with the global North.
The Ministry of Foreign Affairs and Regional Integration has dismissed claims that it requested or received money from the family of Nana Agyei Ahiya, the 18-year-old Ghanaian student who died under disputed circumstances in Latvia.
President Mahama has urged West African nations to work together to tackle security, economic, and social challenges, stressing that regional cooperation is essential to counter terrorism and promote stability.
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.
The Ministry of the Interior, in partnership with the Diaspora Affairs Office of the President, has announced a temporary suspension
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.
