<< Back             Poser >> GTA shuts down four accommodation facilities in Central Region The Ghana Tourism Authority (GTA) in the Central Region has temporarily shut down four hospitality establishments for breaching various tourism regulatory requirements. The affected facilities are the Elmina Beach Resort in Elmina, Savoy Hotel, Veke Executive Lodge, and Wiz Homes, an Airbnb property, all in Cape Coast. While some operated without licences, others were sanctioned for non-payment of the tourism levy, operating substandard facilities, providing poor services, among other regulatory breaches. Caution notices were also placed at some facilities yet be licensed and operational, but intelligence suggested they were preparing to receive visitors during the Oguaa Fetu Afahye. The affected facilities were caught up in an ongoing enforcement exercise by the GTA to clamp down on non-compliant establishments ahead of the Fetu Afahye celebrations in September. Mr Charles Buabin, the Regional Director of Tourism, in an interview with the Ghana News Agency (GNA), noted that the affected facilities were shut down after ignoring several cautions issued by the Authority. He explained that accommodation establishments, including Airbnb properties, were required by law to register and obtain the necessary licence before commencing operations. “In the laws of Ghana, Airbnb is not stated as a facility. All accommodation enterprises are supposed to be registered and licensed before they can operate,” he stressed. Mr Buabin explained that the establishments would be required to rectify identified defects and pay the applicable regulatory fines before they could be reopened. He cautioned the public and patrons of hospitality establishments to check the licensing status of facilities and ensure that their licences were valid before patronising them. He assured the public that the enforcement exercise would continue unabated across the region, particularly during the festive season, to sanitise the hospitality industry and ensure that patrons received standard services. Source: GNA Ghana Business News	Food inflation rate rises 5th consecutive month to 20.31% By Elizabeth Adegbesan Nigeria’s food inflation rate rose significantly by 2.79 percentage points to 20.31 percent in July from 17.52 percent in June, representing the fifth consecutive month’s rise since March 2026. The 20 percent threshold in food inflation rate was last recorded in February 2021. The National Bureau of Statistics, NBS, disclosed this yesterday in its […] HBM Nigeria’s profit rises 57% to N208bn in H1’26 By Peter Egwuatu HBM Nigeria Plc, formerly Lafarge Africa Plc, recorded a 57 per cent increase in profit after tax (PAT) to N208 billion in the first half of 2026 (H1’26), from N132.677 billion recorded in the corresponding period of 2025. The cement manufacturer, in its financial results released on the Nigerian Exchange Limited (NGX), also […] How 24 firms control over 70% of Nigeria’s stock market Twenty-four companies have emerged as the most valuable stocks on the Nigerian Exchange Limited (NGX) year-to-date (YtD) as of August 17, 2026, collectively accounting for 74.8 per cent of the total market capitalisation of the equities market. Ghana government shifts economic focus from stability to growth, jobs – Minister Mr Thomas Nyarko Ampem, Deputy Minister of Finance, says the government is shifting its economic focus from restoring macroeconomic stability to translating the gains into higher investment, production, exports and quality jobs. Nigeria-China trade hits $18bn in H1’26 Nigeria’s aquatic products have secured zero-tariff access to China’s market of about 1.4 billion consumers under a new protocol, as bilateral trade between both countries reaches $18 billion in the first half of 2026 (H1’26). The development is expected to boost Nigerian exports and foreign exchange earnings, with Chinese Ambassador to Nigeria, Yu Dunhai, disclosing that […] Cedi appreciates against US dollar from GH¢11.75 – GH¢10.94 in one week  The Ghana cedi appreciated significantly against the United States dollar over the past week, strengthening from an interbank buying rate of GH¢11.75 on August 10 to GH¢10.94 on August 17, according to Bank of Ghana daily exchange rate data.