The Tema Oil Refinery (TOR) has officially resumed crude oil refining operations after several years of inactivity. The resumption follows the successful completion of major Turnaround Maintenance (TAM) works on the refinery’s Crude Distillation Unit (CDU), carried out between August 1 and October 30. The maintenance exercise, completed within three months, was undertaken in line […]
Tesla CEO Elon Musk’s net worth surged to $749 billion late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that were voided last year, according to Forbes’ billionaires index. Musk’s 2018 pay package, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a […]
Kojo Ansah Mensah, Managing Director and CEO of Jonah Capital, has accused the head of Nigeria’s Corporate Affairs Commission (CAC) of committing what he describes as a “grievous crime” by allegedly altering company records and expropriating shares belonging to the firm. The escalating dispute follows a formal petition by Ghanaian statesman Sir Sam Jonah to […]
The Executive Board of the International Monetary Fund (IMF) is expected to meet today, December 17, 2025, to consider Ghana’s Fifth Programme Review under the IMF-supported programme. JoyBusiness understands that Ghana secured the board date following a staff-level agreement reached in October 2025, as well as significant progress made on key benchmarks and targets under the […]
Carrefour Group, a leading French food retailer, is taking over Shoprite’s franchise in Ghana through a new partnership with the distributor, Brands For All, which acquired the seven Shoprite hypermarkets in November 2025. These stores will be rebranded to Carrefour, with the first openings expected by April 2026, as part of Carrefour’s African expansion strategy, […]
Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, says the state must rethink its sudden crackdown on black market forex dealers because the action is already distorting rates and hindering efforts to stabilise fuel prices. He said the task force swoops are creating unintended shocks. Speaking on PM Express Business Edition, he […]
President John Dramani Mahama has pledged that his administration will work to provide agricultural credit at single-digit interest rates to boost production and ensure national food security. He said the current situation, where farmers accessed capital at high interest rates, meant they “virtually will be working for the bank, not for themselves”. The President made […]
The Public Utilities Regulatory Commission (PURC) has announced upward adjustments to electricity and water tariffs following the completion of its 2026–2030 Multi-Year Tariff Review (MYTO). The new rates take effect from January 1, 2026. According to the PURC in a statement, the tariff decision follows months of investment hearings, stakeholder consultations, and regional public forums […]
Developing countries paid out $741 billion more in principal and interest on their external debt than they received in new financing between 2022 and 2024—the largest gap in at least 50 years, according to the World Bank’s latest International Debt Report released today. Still, most countries gained some breathing room on their debt last year […]
The total value of mobile money transactions reached GH¢3.6 trillion in the first 10 months of 2025, ending October. This is according to the latest Economic and Financial Data released by the Bank of Ghana after last week’s Monetary Policy Committee meeting. The figure represents the total reported by telecom operators to the Bank of […]
The Government’s decision to lead discussions that could result in the acquisition of Springfield Exploration and Production Limited’s (SEP) interest in the West Cape Three Points Block 2 (WCTP 2) has generated widespread debate across the energy sector and the broader public space. While some of the commentary may be well-meaning, a significant portion reflects […]
The United States has officially lifted the 15% tariffs that were imposed on cocoa and certain agricultural products from Ghana, Ghana’s Foreign Affairs Minister, Samuel Okudzeto Ablakwa, has announced. According to the Minister, the decision took effect on November 13, 2025, following a new executive order from President Trump. In a post on Facebook, Mr […]
