Business & Economy
October 16, 2026
Omanghana
Omanghana
Mahama Orders Urgent Review of Ghana’s Disaster Preparedness Systems
President John Dramani Mahama has directed an urgent review of Ghana’s disaster preparedness and emergency response systems following recurring floods, market fires and other emergencies. Presidential Adviser Ernest Brogya Genfi announced the directive on October 15, 2026, saying the exercise would prioritise prevention and strengthen the country’s capacity to protect lives, livelihoods and property. The […]
Josiah
October 15, 2026
Omanghana
Omanghana
Lufthansa Wins Bid for TAP Stake in Deal Worth Up to €1.2 Billion
Portugal has selected Lufthansa Group as its preferred buyer for a minority stake in TAP Air Portugal, choosing the German airline’s proposal over a competing bid from Air France-KLM. Prime Minister Luís Montenegro announced the decision on Wednesday, October 14, 2026, saying Lufthansa’s financial offer was 16% higher than its rival’s. The Portuguese state will […]
2min
418
October 15, 2026
Omanghana
Omanghana
Ghana International Bank Targets Asian Capital for African Trade and Infrastructure
Ghana International Bank (GHIB) is seeking stronger investment links with Asia to expand financing for infrastructure, trade and agriculture across Africa. Chief Executive Officer Ian Greenstreet said the region’s substantial institutional savings could help meet the continent’s development needs, identifying China as an important market for the bank’s ambitions. Based in London and majority-owned by […]
1min
148
October 15, 2026
Omanghana
Omanghana
Kpemka Sues BOST for Compensation Over Alleged Unlawful Termination
Former Deputy Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), Joseph Dindiok Kpemka, has taken legal action against the company, alleging that his appointment was terminated without the required procedures. His lawyer, Patrick Fafali Azameti, said individuals asked Kpemka to leave his office and hand over after the change of government […]
2min
258
October 15, 2026
Omanghana
Omanghana
Petrol and Diesel Prices Set to Fall as LPG Faces 18.5% Increase
Petrol and diesel prices in Ghana are expected to decline from Friday, October 16, 2026, while consumers of Liquefied Petroleum Gas (LPG) could face a substantial increase, according to the Chamber of Oil Marketing Companies (COMAC). The chamber’s outlook for October’s second pricing window projects a 1.67% reduction in petrol prices to GH¢17.67 per liter. […]
2min
202
October 15, 2026
Omanghana
Omanghana
Suhum MP Urges Completion of New Market Before Traders Are Relocated
The Member of Parliament for Suhum, Frank Asiedu Bekoe, has urged the Municipal Assembly to complete the proposed 24-Hour Economy Market before relocating traders from Amponsah Market. Appealing to Municipal Chief Executive Lydia Ohenewa Sarah, the MP warned that moving more than 1,000 traders without a suitable alternative could disrupt businesses and threaten household incomes. […]
2min
227
October 15, 2026
Omanghana
Omanghana
BoG Proposes Tighter Credit Risk Rules Ahead of July 2027 Rollout
The Bank of Ghana has released a draft Credit Risk Management Directive for public consultation, proposing stronger lending controls for banks, savings and loans companies, finance houses and financial holding companies. The draft sets July 1, 2027, as the implementation date, with affected institutions expected to align their governance arrangements, internal policies and procedures by […]
3min
498
October 14, 2026
Omanghana
Omanghana
Sawiris Urges Arab Nations to Cut Ties With Iran After Apologizing Over Saudi Attack Response
Egyptian billionaire Naguib Sawiris has urged Arab countries to sever diplomatic relations with Iran after apologizing for his delayed public response to deadly Houthi attacks on Saudi Arabia. His remarks followed criticism from Saudi writer Dr. Wafaa Al-Rasheed, who questioned his silence over casualties from an attack on King Khalid International Airport in Riyadh. In […]
2min
121
October 14, 2026
Omanghana
Omanghana
Tanzania Nears $42 Billion LNG Agreement After Years of Delays
Tanzania is approaching an agreement on its proposed $42 billion liquefied natural gas development, Finance Minister Khamis Mussa Omar said on October 13, raising prospects for progress on the long-delayed energy investment. Omar described negotiations as “almost there”, with agreements expected in the coming months. The project is intended to unlock approximately 47.13 trillion cubic […]
2min
171
October 14, 2026
Omanghana
Omanghana
Namibia Confirms New Foot-and-Mouth Outbreak in Zambezi Region
Namibia has confirmed an outbreak of foot-and-mouth disease on Kalala Island in the Zambezi Region, prompting emergency vaccination and restrictions on livestock movement and trade. Veterinary officials identified 20 cattle showing signs of the disease on October 5. All 12 samples collected tested positive on October 7, according to the Ministry of Agriculture, Fisheries, Water […]
2min
182
March 20, 2023
