News
GCB Bank proposes payment system for Ghanaian TikTok creators
GCB Bank has proposed a new payment solution to help Ghanaian TikTok creators receive their earnings directly and securely.
A delegation led by the bank’s Chief of Staff, Mr. Abraham Ferguson, paid a courtesy call on the Minister for Communication, Digital Technology and Innovations, Samuel Nartey George (MP), to present the proposal.
The bank said it wanted to serve as a payment gateway to ensure content creators in Ghana received their rightful income without losing margins to third parties.
Mr. Ferguson explained that GCB Bank had the infrastructure and readiness to support the creative economy.
He noted that the bank was connected to MasterCard and Visa, allowing it to process payments directly onto cards, while also offering payouts through MoMo and bank accounts.
He added that the bank’s aim was to create a system for Ghanaians to manage cash-outs for gifts and content earnings.
Mr. Ferguson indicated that GCB Bank was ready to move forward once approval was given.
He pointed out that it would involve consultations with financial authorities and the formation of technical teams to establish a direct connection between GCB Bank and TikTok.
Mr. Nartey George welcomed the proposal, stressing that using GCB as an official channel would provide a reliable mechanism for creators and prevent them from relying on intermediaries.
He mentioned that this would maximise financial benefits for Ghanaian talent.
TikTok’s West Africa representative, Ms. Tokumbo Ibrahim, assured the delegation that the feasibility of the solution would be reviewed.
By: Jacob Aggrey
News
Gold Board secures $1bn deal to boost responsible mining in Ghana
The Ghana Gold Board has entered into a partnership with Goldstream Global DMCC to attract a US$1 billion investment into the country’s mining sector.
Chief Executive Officer of the Board, Sammy Gyamfi, disclosed at the 2025 Minerals and Mining Convention that the Memorandum of Understanding (MoU) was signed on August 22, 2025.
The agreement, he explained, will pave the way for the establishment of more than 300 responsible mines across the country.
The project will be carried out in collaboration with concession owners, the Ministry of Lands and Natural Resources, and allied agencies.
Mr Gyamfi said the initiative is expected to increase Ghana’s gold output, create thousands of jobs, and ensure that mining is done in a more sustainable and environmentally friendly manner.
He emphasised that the partnership forms part of the Gold Board’s commitment to transform small-scale mining, curb illegal operations, and maximise the benefits of the sector for national development.
By: Jacob Aggrey
News
Gold Board set to establish gold village in Ghana – Sammy Gyamfi
The Ghana Gold Board is preparing to set up a gold village in the country to boost local jewellery and ornament production.
Chief Executive Officer of the Board, Sammy Gyamfi, revealed this at the 2025 Minerals and Mining Convention.
He explained that the project will be modelled after the famous Gold Souk in Dubai and will position Ghana as a continental hub for gold jewellery and other ornaments.
According to him, the gold village forms part of efforts to add value to Ghana’s mineral resources instead of exporting them in their raw state.
He stressed that value addition was critical to creating jobs, strengthening the economy, and ensuring that the nation benefits fully from its mineral wealth.
Mr Gyamfi noted that the initiative will also promote local craftsmanship, attract investors, and make Ghana a key player in Africa’s gold and jewellery market.
By: Jacob Aggrey
