Ghana

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Landmark Visa Waiver Pact Reached Between Ghana and Zambia

Ghana and Zambia have signed a historic visa waiver agreement, allowing citizens of both countries to travel freely without visas. Announced by Foreign Affairs Minister Samuel Okudzeto Ablakwa during President Mahama’s state visit to Zambia, the move is expected to boost trade, tourism, investment, and cultural exchange.

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Vice President Flags Export Struggles Facing African Small Businesses

Vice President Prof. Naana Jane Opoku-Agyemang has expressed concern over the low participation of African SMEs in export trade, noting that fewer than 20 per cent engage in cross-border business. She said financial, regulatory and structural barriers continue to limit the involvement of women and young people, slowing regional trade, industrial growth and job creation across the continent.

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$120 billion spent annually to hydrocarbon imports in Africa.

Africa’s reliance on imported petroleum products is draining resources needed for local capacity building and industrial growth, Nigeria’s Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has said, stressing that retaining energy value within the continent could be economically transformative

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GUTA Urges Bank of Ghana to Fast-Track Single-Digit Interest Rates

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.

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Analyst Urges Disclosure of Loan Defaulters to Strengthen NPL Recovery Efforts

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.

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FDA Cautions Against Purchasing Foods from Vendors Near Open Gutters

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.

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