Business
Ghana Moves to Boost Trade, Tourism with Visa-Free Access for Africans
President John Dramani Mahama announces Ghana’s move to introduce a visa-free policy for all Africans starting May 25, 2026, targeting improved mobility and deeper regional cooperation.
The announcement followed a bilateral meeting with Zimbabwe’s Emmerson Mnangagwa at Peduase Lodge in Ghana’s Eastern Region.
Ghana’s President John Mahama (R) and Zimbabwean President Emmerson Mnangagwa, pose for a photo on April 2, 2026, in Accra, Ghana. /Ghana Ministry of Foreign Affairs
Under the new policy, African travellers will be able to apply for electronic visas at no cost, marking a shift in Ghana’s immigration system aimed at improving accessibility while maintaining security standards.
Mahama said the move reflects Ghana’s long-standing commitment to Pan-Africanism, describing the country as a “cradle” of the ideology. He added that the initiative will officially take effect on Africa Day.
According to the President, the policy is expected to boost tourism, strengthen trade ties, and position Ghana as a more attractive destination for investors and entrepreneurs across the continent.
He further disclosed that since taking office in 2025, his administration has signed 23 visa waiver agreements to improve travel access for Ghanaian citizens.
The new visa-free regime places Ghana among a growing number of African countries adopting open-border policies to encourage mobility. It also aligns with continental frameworks such as the African Continental Free Trade Area (AfCFTA), which promotes intra-African trade and economic cooperation.
Ghana houses the AfCFTA Secretariat in Accra, positioned as a key driver of continental integration; the visa-free policy supports AfCFTA’s goal of reducing barriers not just to trade—but to movement of people. This is critical for services, SMEs, tourism and informal cross-border trade.
Currently, this development leans toward free e-visas, not completely visa-free entry at borders meaning travellers will apply online, but won’t pay fees.
Countries including Benin, Rwanda, The Gambia, and Seychelles already offer visa-free access to African nationals, while others have adopted simplified entry systems such as e-visas and visa-on-arrival policies.
Ghana has long positioned itself as a Pan-African hub, through initiatives like the “Year of Return” in 2019, and the new visa-free policy reinforces this identity. Its success will depend on effective border security, migration management, and infrastructure readiness, including immigration systems, data tracking, and airport capacity.
Analysts project that the visa-free regime will improve intra-African relations, which is currently under 20% of Africa’s total travel; while making movement easier for entrepreneurs, creatives, and digital workers, it could potentially boosting sectors such as aviation, tourism, hospitality, trade and cross-border logistics.
Elon Musk, the world’s richest person, has attained trillionaire status after SpaceX, the rocket, AI and satellite communications company established by him, turned a soaraway success on its first trading day, surging 20 per cent to $2.1 trillion in valuation.
SpaceX’s shares closed at $161 on the Nasdaq on Friday, compared to its initial public offering (IPO) price of $135, making it the biggest-ever stock market debut.
The IPO had earlier raised $75 billion from investors and the underwriters of the transaction before the listing.
“Liftoff! First $SPCX trade complete,” Space X wrote on X (formerly Twitter), which Mr Musk also owns.
The 54-year old now has a total net worth of $1.1 trillion, according to the Bloomberg Billionaires Index, with its stake in SpaceX standing at 42 per cent or $767.1 billion as of Friday.
SpaceX debuted with a valuation of around $1.8 trillion. Its valuation at the end of Friday’s trade makes it the sixth-largest publicly traded company in the United States.
Trading under the ticker symbol “SPCX,” SpaceX began trading shortly before noon, attracting strong investor demand.
The listing places SpaceX among the world’s most valuable companies, despite the firm reporting a loss of nearly $5 billion last year and generating significantly less revenue than many technology giants with comparable valuations.
“I gave SpaceX a 10 per cent chance of succeeding at all,” Mr Musk said shortly before the company was listed.
SpaceX, since its establishment in 2002, has evolved from an experimental rocket startup into a dominant player in aerospace, satellite communications, and AI-related infrastructure.
READ ALSO: Elon Musk announces formation of American Party
Starlink, its satellite internet business, has expanded SpaceX beyond rocket manufacturing into a broader technology and connectivity platform.
Mr Musk, who now controls several companies, including Tesla, SpaceX, xAI, and X, began building his wealth by co-founding Zip2 and PayPal.
After completing the acquisition of X in October 2022 in a deal worth $44 billion, Mr Musk introduced monetisation features on the platform, which contributed to the growth of his business empire.
After selling Zip2 and later PayPal, he reinvested much of his earnings into Tesla, SpaceX, and other ventures.
Mr Musk’s wealth is now nearly equivalent to the entire economic output of Switzerland or Poland.
BY NKECHI NAECHE-ESEZOBOR—The National Pension Commission (PenCom) has received a four-member delegation from Kenya’s Retirement Benefits Authority (RBA) for a four-day technical study visit in Abuja, solidifying Nigeria’s position as a leading reference point for pension reform and regulatory innovation across the African continent.
The Kenyan delegation, led by John Keah, Director of Market Conduct and Industry Development at the RBA, is visiting Nigeria from June 8 to 11, 2026, to understudy PenCom’s regulatory and supervisory frameworks.
Keah noted that the engagement highlights the critical role of cross-border learning among African regulators aiming to optimize retirement systems and improve pension outcomes for citizens. He added that structural similarities between the two nations’ pension landscapes make Nigeria’s journey highly relevant to Kenya’s ongoing domestic reforms.
The RBA delegation is focusing its study on PenCom’s Environmental, Social, and Governance (ESG) initiatives, its risk-based supervision framework, and its strategies for expanding pension coverage to both the informal sector and the diaspora.
Keah particularly lauded the governance safeguards within Nigeria’s pension system and described the Diaspora Pension Arrangement as an innovative milestone capable of reducing old-age poverty and enhancing long-term retirement security.
Welcoming the delegation, the Director General of PenCom, Ms. Omolola Oloworaran, reiterated Nigeria’s dedication to regional collaboration and knowledge exchange. Represented by the Director of the Surveillance Department, Abdulrahaman Muhammad Saleem, the Director General revealed that pension assets under management in Nigeria have grown to over ₦32 trillion, representing approximately 10.4 percent of the nation’s Gross Domestic Product (GDP).
This growth, she noted, stems from continuous regulatory reforms, heightened governance standards, and rigorous supervisory mechanisms established since the inception of the Contributory Pension Scheme (CPS) in 2004.
Ms. Oloworaran also highlighted the Federal Government’s recent settlement of outstanding accrued pension rights liabilities as a historic turning point for the CPS.
The intervention, executed through the issuance of a Federal Government bond, effectively resolved a prolonged funding backlog that had previously delayed retirement benefits for public sector employees within Treasury-Funded Ministries, Departments, and Agencies (MDAs).
Under the new framework, accrued rights are transferred directly into retirees’ Retirement Savings Accounts (RSAs), granting immediate access to investment returns and eliminating lengthy waiting periods.
The technical visit, anchored on the theme “Risk-Based Supervision and ESG Integration in Pension Funds,” includes interactive departmental presentations, study tours to selected Pension Fund Administrators (PFAs), and collaborative sessions on emerging risks.
Both regulatory bodies expect the engagement to deepen bilateral cooperation and foster resilient, inclusive, and sustainable pension architectures across East and West Africa.
The post Nigeria’s Pension Assets Top ₦32tn as Kenyan Regulator Understudies Reforms appeared first on Business Today NG.
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