The Bank of Ghana has revoked the Dedicated Electronic Money Issuer (DEMI) licence of Zeepay Ghana Ltd, effective 14 July 2026, citing repeated regulatory violations and a failure to comply with the central bank's directives. Regulators say the company issued electronic money without sufficient cash backing, exposing customers and the wider payment system to risk, and ignored orders to correct the shortfall or wind down operations. Read more here: https://t.co/QrLaxay6H6
Ghana is throwing its 5G market open to competition after revoking the exclusive license held by state-backed Next Gen Infraco, whose infrastructure partner was a unit of Mukesh Ambani's Reliance Industries. MTN Group and Telecel Group are now preparing to bid in an auction expected within weeks, a shift the government hopes will accelerate a rollout that has badly lagged African frontrunners. Read more below https://t.co/ef2hZELzuD
Ghana's Ministry of Finance has fully settled a US$700 million Eurobond obligation, paying ahead of schedule without drawing down on the country's foreign exchange reserves. The payment brings Ghana's total Eurobond repayments to $2.1 billion since January 2025.
Read More: https://t.co/X0sdkDQZyh
Ghana's annual inflation rate jumped to 5.3% in June, the highest level this year, driven by fuel price increases linked to the US-Iran war. The sharp rise has effectively ended any prospect of an interest rate cut for the rest of 2026, with Goldman Sachs now expecting the Bank of Ghana to hold at 14% through year-end. Read more
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Weekly Star Insight (June 15โ19, 2026) is out.
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