Business Abdul Rahman Taofiq Business Abdul Rahman Taofiq

OSP Targets GH₵125 Million Recovery from SML as State Intensifies Crackdown on Financial Misconduct

Ghana’s Office of the Special Prosecutor has directed the recovery of GH₵125 million from Strategic Mobilisation Ghana Limited (SML) after uncovering automatic overpayments totaling GH₵1.43 billion between 2018 and 2024. The case highlights deepening scrutiny over state contracts and public finance accountability.

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Business Irene Anim Business Irene Anim

Finance Minister Ato Forson to Present 2026 Budget on November 13

Ghana’s Finance Minister, Dr. Cassiel Ato Forson, is set to present the 2026 Budget Statement and Economic Policy to Parliament on November 13, 2025. The budget is expected to outline key fiscal measures for stabilizing the economy, advancing debt restructuring efforts, and accelerating growth under the IMF-supported reform program. Economic analysts anticipate major announcements on tax policy, infrastructure spending, and job creation initiatives.

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Business Irene Anim Business Irene Anim

FABAG Blames Rising Smuggling on High Import Duties.

The Freight Forwarders and Border Agents Association of Ghana (FABAG) has attributed the growing trend of goods smuggling to Ghana’s high import duty rates. The group warns that the country is losing significant revenue as traders divert shipments to neighboring ports with lower tariffs. FABAG is calling on the government to review its import tax structure to make Ghana’s ports more competitive and curb the surge in illegal trade activities.

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