Ghana to formally apply to join BRICS and seeks India’s support

Ghana has decided to formally apply to join the BRICS group of emerging economies, Foreign Affairs Minister Samuel Okudzeto Ablakwa said on Tuesday, as the government seeks to diversify the country’s international partnerships and expand economic cooperation with countries in the Global South.

The decision was approved by President...

Ghana reduces reliance on dollar with direct cedi-yuan payment system

Ghanaian businesses importing goods from China can now initiate eligible payments from their local cedi accounts without first converting their funds into U.S. dollars, under a new payment arrangement being piloted by Stanbic Bank Ghana.

The initiative, supported by the Bank of Ghana, uses China’s Cross-Border Interbank Payment Sys...

Nigeria’s telecom market gets new operator as MTN and Airtel hold 86% of subscribers

Nigeria’s telecommunications market is set to gain a new operator after Swift Telephone Network Limited (STN) secured a Unified Access Service Licence (UASL) from the Nigerian Communications Commission (NCC), opening the way for the company to provide mobile, voice, data and fixed telecommunications services.

The licence took effec...

Ghana generates $1.87 billion in foreign exchange from small-scale gold trade in September

The Ghana Gold Board (GoldBod) generated US$1.871 billion in foreign exchange from its artisanal and small-scale mining (ASM) gold trading operations in September 2026, exceeding its monthly target by US$471 million, according to the institution.

The amount represented 134% of GoldBod’s target of US$1.4 billion for the month. The b...

Ghana to link more than 70,000 farmers to agricultural technologies and regional suppliers

Ghana plans to connect more than 70,000 farmers participating in the government’s Feed Ghana Programme with agricultural technology providers and businesses across West Africa, as part of efforts to raise productivity, reduce post-harvest losses and strengthen food security.

Bright Kwadzo Demordzi, national coordinator of the Feed...

Côte d’Ivoire Becomes the 75th Country to Sign the Artemis Accords

Côte d’Ivoire has joined the Artemis AccordsPublished on Oct 04, 2026

Ghana to launch upgraded ‘Heritage Series’ cedi banknotes in November

Ghana’s central bank will introduce a new series of cedi banknotes on November 3, featuring enhanced security measures, improved durability and designs highlighting the country’s heritage, while existing notes will remain legal tender.

The Bank of Ghana said the new “Heritage Series” will be officially launched at...

Tullow Oil loses Ghana tax arbitration over insurance proceeds

Tullow Oil has lost an arbitration dispute with Ghana over a $196.5 million corporate income tax assessment linked to insurance proceeds received after disruptions to its oil operations, in a ruling that could expose the company to a total tax assessment of about $393.1 million including penalties.

The International Chamber of Commerce (...

Dangote says Africa could be largely fuel self-sufficient by 2030

Nigerian billionaire Aliko Dangote said most African countries could become largely self-sufficient in refined fuels by 2030 as the continent expands its refining capacity.

“Most African countries will be self-sufficient in fuel by 2030,” Dangote said in Nairobi on Sept. 29, a day before the planned launch of construction of...

Dangote begins construction of $16 billion refinery in Kenya

Nigerian billionaire Aliko Dangote and Kenyan President William Ruto have launched construction of a $16 billion oil refinery in Lamu, a project designed to reduce East Africa’s reliance on imported refined petroleum products.

The refinery is planned to process up to 700,000 barrels of crude oil per day and is expected to be comple...

Nigeria and United States sign framework to boost mining investment

Nigeria and the United States have signed a framework agreement aimed at attracting greater U.S. investment into Nigeria’s mining sector, which the Nigerian government estimates could hold mineral resources worth about $700 billion.

The agreement was signed in New York on Sept. 23 by Nigeria’s Minister of Solid Minerals Devel...

Dangote hires Engineers India for $450 million Kenya refinery project

Dangote Group has awarded Engineers India Ltd. (EIL) a contract worth more than $450 million to provide project management and engineering services for a planned refinery and petrochemical complex in Lamu, Kenya.

The Indian state-controlled engineering consultancy will serve as the Project Management Consultant (PMC) and Engineering, Pro...