Stanbic Bank becomes first bank in Ghana to offer direct Chinese Yuan settlement via CIPS

November 3, 2026

• The Ghana Chamber of Clean Energy (GCCE) and William Davidson Institute (WDI) held a workshop in Accra to address financing constraints for Ghana's electric two-wheeler sector.
• The event convened enterprises, financial institutions, and stakeholders to validate financing gaps and explore policy solutions.
• Identified financing challenges include limited import duty waiver implementation, difficulties transitioning from grants, reliance on company balance sheets, limited access to affordable local-currency debt, stringent lending requirements, equity investor preferences, and information gaps.
• GCCE emphasized the need for appropriate financing structures, stronger institutional collaboration, and an enabling environment to accelerate electric two-wheeler adoption.
• Workshop findings and recommendations will inform a forthcoming public report to guide GCCE's advocacy for policy and financing measures to support the sector's growth.

November 3, 2026

• Dr. Valentin Kwasi Mensah calls for reforms to curb the rising cost of political competition in Ghana.
• He warns that excessive campaign spending fosters politicians' dependence on wealthy financiers, who expect rewards like appointments or contracts.
• Research indicates a 59% increase in parliamentary campaign costs between 2012 and 2016, a trend exacerbated by poor enforcement of existing disclosure laws.
• Dr. Mensah recounts the Electoral Commission's failure to provide requested financial statements from major political parties despite constitutional and legislative mandates.
• He proposes establishing an independent regulator, campaign expenditure limits, timely donation disclosure, stronger enforcement, and improved internal party democracy.

November 3, 2026

• Public sector workers in Ghana are projected to experience real income improvements due to easing inflation preserving their purchasing power.
• Dr. Theo Acheampong of the Ministry of Finance stresses that the true measure of a salary adjustment is its real value after accounting for inflation, not just the nominal percentage.
• Historical data shows that in several past years, inflation significantly outpaced wage adjustments, leading to a decline in workers' real incomes.
• The trend is expected to reverse from 2025 onwards, with projected moderate inflation rates allowing for real wage gains despite seemingly lower nominal increases.
• The government's strategy focuses on sustainable wage adjustments coupled with inflation control to ensure workers' ability to meet their needs effectively.