StatsGH — Ghana's Premier Data Journalism Platform

Small Businesses Face 40% Interest Rates Despite Easing Inflation

A recent survey by the Chartered Institute of Bankers, Ghana (CIB Ghana) reveals a stark disparity in lending rates across the banking sector. While universal banks offer loans at 10% to 15%, community banks charge 21% to 25%, and microfinance banks demand 31% to 40%. This credit divide means small businesses, often reliant on community and microfinance lenders, do not fully benefit from Ghana's improving macroeconomic conditions and lower policy rates.

Bawumia Engages GUTA Over High Import Duties and Business Costs

Ghana's 23 Banks Meet Capital Requirements, Boosting Credit Access

Bank of Ghana Deputy Governor Urges Africa to Develop Bankable Investment Projects

Universal Banks Pass on Lower Rates Faster Than Microfinance, CIB Ghana Survey Finds

Ghana Secures €323 Million for Northern Water Project

Ghana Extends Export Repatriation Period to 120 Days, Boosts Trade Efficiency

Bawumia Discusses High Import Duties and VAT with Traders

15 arrested, 6 trucks impounded over sand winning on Kumasi-Accra Expressway project at Sewua

National Security operatives in the Ashanti Region have arrested 15 suspects and impounded six trucks, including a wheel loader, over alleged sand winning on the Kumasi-Accra Expressway project in the Sewua, Donyina and Appiadu enclave, MyJoyOnline reports.

Police arrest 16 suspects, recover 209 live cartridges at Gbane mining site

GSE Trading Surges 702% in Volume, Kasapreko Drives 82% of Value

Trading activity on the Ghana Stock Exchange (GSE) surged dramatically on October 14, with total volume increasing by 702.8% and value by 278.4% compared to the previous day. However, this impressive growth was largely driven by a single company, Kasapreko PLC, which accounted for 89% of the total volume and 82% of the total value traded. This concentration highlights a persistent issue of narrow market liquidity despite headline figures suggesting broad investor participation.

Ghana Bond Market Turnover Surges 127% to GHS 2.49 Billion

Treasury Bills Dominate Ghana Fixed Income Market with GHS 1.03 Billion Turnover

Ghana Stock Exchange Gains 1.8 Million Shares Despite 88% Turnover Drop

Ghana Stock Market Trading Jumps 36% to GHS 141.88 Million

Ghana Fixed-Income Turnover Jumps 31.64% to GHS 8.98 Billion

Ghana Fixed Income Market Sees GHS 2.23 Billion Turnover Driven by DDEP Bonds

GSE Turnover Surges 365% to GHS 31.89 Million Driven by MTN Ghana

Accra Green and Clean City Initiative Committee Inaugurated

Mahama Ayariga, the Minister for Local Government, Chieftaincy and Religious Affairs, has inaugurated a steering committee for the Accra Green and Clean City Initiative. This new body aims to strengthen efforts to improve sanitation and promote environmental sustainability across the capital city. The initiative seeks to foster collective commitment and sustained action from public institutions, communities, and citizens to achieve a cleaner Accra.

Police Seize 142 Parcels of Indian Hemp, Reject GHS 50,000 Bribe

NPRA Warns Pension Funds on GHS 16.3 Billion Cocoa Financing Risks

Ghana Financial Regulators Unveil New GHS 647 Billion Climate Risk Rules

CSOs Demand Full Revocation of 10 Offshore Gold Licences

GoldBod Invests GHS 35 Million in Tano Nimri Forest Reclamation

Customary Ownership Complicates 80% of Ghana's Land Administration

GRA Excludes Amazon, Alibaba Goods from Initial 20% Digital VAT Rollout

ECG Defends GHS 42.7 Million Meter Replacement Amid Scrutiny

The Electricity Company of Ghana (ECG) has defended its GHS 42.7 million expenditure on replacing 44,928 Huawei prepaid meters. The company stated these meters, initially installed between 2022 and 2024, were incompatible with its new Meter Management System (MMS). ECG is now reprogramming and redeploying the old meters as postpaid units in selected communities, assuring Parliament's Public Accounts Committee that this prevents financial loss to the state.

Ghana Fuel Prices Drop, LPG Surges Amidst Cedi Weakness

Motorists See Fuel Price Drop, LPG Consumers Face 18.5% Hike

Fuel Prices to See Mixed Changes: Petrol and Diesel Drop, LPG Surges by 18.50%

Ghana Water Limited Reports 62% Commercial Meter Discrepancy, Faces Revenue Crisis

Ghana Lacks Power Generation Redundancy, Energy Minister Reveals

Tema Community 25 Residents Threaten GWL Occupation Over Water Crisis

Oil Prices Fluctuate Amid Middle East Tensions and Russia-Ukraine Energy Deal

Cocoa Capital PLC Secures GHS 16.30 Billion for Cocoa Financing

Cocoa Capital PLC, a subsidiary of COCOBOD, has launched a GHS 16.30 billion bond and note programme on the Ghana Stock Exchange. This initiative aims to domestically finance cocoa purchases for the 2026/27 season, reducing reliance on foreign loans. The programme includes GHS 14 billion in commercial paper and GHS 2.30 billion in bonds, with the inaugural issuance already attracting GHS 3.59 billion in bids at an 11% interest rate.

COCOBOD Secures GHS 3.4 Billion in Domestic Cocoa Financing

COCOBOD Raises GHS 3.396 Billion Domestically for Cocoa Purchases

COCOBOD Secures GHS 3.396 Billion for Cocoa Purchases, Excludes Legacy Debt Repayment

Mahama Unveils 100,000-Hectare Oil Palm Project to Create Jobs

Weta Rice Farmers Seek GHS 9 Million Aid After Floods Destroy Crops

Ghana to Establish 50 Farmers Services Centres for Agriculture Revolution

Ghana Targets 50 Farmers Services Centres to Boost Agriculture

Spotify Launches Audiobooks in Ghana with GHS 20 Monthly Subscription

Spotify has officially launched its audiobook service in Ghana, allowing users to stream or purchase titles. The service offers a monthly add-on, Audiobooks+, for GHS 20, providing 15 hours of listening. This expansion is part of Spotify's global strategy to reach 750 million people by the end of 2026.

UPSA Launches Laptop Assembly Plant, Targets 30% Local Component Production

Ghanaian Youth Turn to Online Entrepreneurship Amidst Job Scarcity

Ghana's ICT Sector Surges 30.9% Amid Uneven Economic Growth

Government Repositions One Million Coders Programme to Target Final-Year Students

Ghana's Digital Ambition Focuses on Jobs and Economic Value

Ghanaian MSMEs Embrace AI for Growth Amidst Digital Skill Gaps

Ghana's GHS 492.9 Billion Mobile Money Boom Bypasses Many Businesses

Mfantseman MP Urges Atlantic Lithium to Expedite GHS 100 Million Ewoyaa Landowner Payments

Mfantseman Member of Parliament, Dr. Ebenezer Prince Arhin, has urged Atlantic Lithium and its Ghanaian subsidiary, Barari DV Ghana Limited, to accelerate compensation payments to landowners affected by the Ewoyaa Lithium Project. Residents have faced development restrictions and economic hardship for nearly three years without receiving due compensation. This delay impacts local livelihoods and raises concerns about the equitable distribution of benefits from Ghana's emerging critical minerals sector.

Only 6.9% Of Cocoa Plots In A Six-Region Survey Combine High-Yield And Sustainable Farming

A survey of 739 cocoa-farming households in six Ghana regions found that 58.25% of plots used neither yield-raising nor sustainable practices and only 6.9% combined both, with combined plots linked to higher yields and income.

Ghana Hotel Room Demand Falls 7 Percent Despite Ample Capacity

Fewer Than Four In Ten Primary Clinics In Two Ghana Regions Offer Hypertension Care

GIPA Seeks Investors for 128 Northern Ghana Projects

The Ghana Investment Promotion Authority (GIPA) has launched a strategic roadshow across Northern Ghana to actively mobilize capital for 128 identified investment-ready projects. This initiative is part of a broader strategy to showcase over 600 nationwide opportunities, aiming to drive local investment and economic growth in the Northern, North East, Upper East, Upper West, and Savannah regions.

Government Pledges Support for Kumasi Central Market Fire Victims, 15 Shops Destroyed