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We retell the story with numbers openly sourced in Ghanaian news. [email protected]

Accra, Ghana
Joined May 2014
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Ghana Bauxite Company has signed a mandate with Ecobank Ghana to raise up to $250 million for its Awaso mine. It is not yet a loan. Ecobank will arrange it with other lenders on a best-efforts basis. The money is for mine expansion and working capital.
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Ghana Stock Exchange market value hit GHS285.58 billion at the end of August 2026. A year earlier it was GHS149.59 billion. That is GHS136 billion added, up 90.9%. Food and beverages was the top sector, up 431.9% in eight months, led by Kasapreko.
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Gold earned Ghana $14.86 billion in the first eight months of 2026. That is up 32.9% and about two-thirds of all exports. Bank of Ghana data put total exports at about $22.4 billion. Crude oil rose 32.8% to $2.42 billion. Other exports, including non-traditional ones, fell 3%.
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PwC projects combined yearly infrastructure spending in Ghana, Kenya, Nigeria and South Africa to rise from US$54bn in 2024 to US$96bn in 2050.
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TOR's MD said on 26 Oct 2026 that the refinery had about GH¢10bn in accumulated losses and US$517m in debt when management took over in May 2025.
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Tema Oil Refinery's recovery created 1,657 permanent and temporary jobs, MD Edmond Kombat said on 26 Oct 2026. This includes workers hired by local contractors.
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Tema Oil Refinery is considering a Ghana Stock Exchange listing to fund recovery, its MD said in October 2026. He put inherited debt at about US$517m.
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Ghana aims to meet 70% of fuel demand through local refining by 2028, TOR's MD said on 26 Oct 2026. Planned expansion depends on financing.
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The cost of building in Ghana is still rising. Building costs rose 5.1% in the year to September 2026. Materials went up 6.5%, while labour costs fell 3.2%.
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Northern Ashanti Mines says it has put over $100m into Konongo since 2019. It says the disputed $8.3m debt belongs to the mine's former operator.
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