ACCRA — The Bank of Ghana (BoG) has suspended five money transfer operators (MTOs)—Taptap Send, Top Connect, Remit Choice, Send App, and Afriex, for a period of one month, effective September 18, 2025. The suspension is due to multiple violations of the Updated Guidelines for Inward Remittance Services by Payment […]

Ghana’s Ghana Investment Promotion Centre (GIPC) has outlined a clear framework of financial requirements for foreign investors looking to establish a presence in the country. Under the GIPC Act, minimum equity requirements vary significantly based on the type of business. A joint venture with a Ghanaian partner holding at least […]

Ghana’s investment framework, governed by the GIPC Act, sets clear, tiered requirements for foreign investors. The system encourages both joint ventures and wholly foreign-owned companies with minimum equity requirements. A key feature is the exemption for manufacturing enterprises from these minimum equity rules, which aims to attract industrial development by […]

The Bank of Ghana has officially designated digital credit services as a non-bank financial service, bringing the burgeoning sector under its regulatory control. This is a strategic move, as outlined in Notice No. BG/GOV/SEC/2025/28, aimed at promoting financial inclusion and expanding access to the financial system for Ghanaians. By formalizing […]

In a historic first, His Excellency John Mahama, the President of Ghana, has concluded a state visit to Singapore, securing over US$1 billion in investment deals. This marks the first time a Ghanaian president has been invited on a state visit by a Singaporean president, signifying a significant strengthening of […]