diff --git a/Makefile b/Makefile
index 4d847c2f9..9b5205d74 100644
--- a/Makefile
+++ b/Makefile
@@ -84,7 +84,7 @@ RELEASE_NOTES_DIR := CHANGELOG
 OUTPUT_TYPE ?= type=registry
 
 # Go
-GO_VERSION ?=1.24.3
+GO_VERSION ?=1.24.6
 GO_CONTAINER_IMAGE ?= golang:$(GO_VERSION)
 
 # Trivy
diff --git a/hack/ccm/Makefile b/hack/ccm/Makefile
index 9a219d3e1..8e5784ce4 100644
--- a/hack/ccm/Makefile
+++ b/hack/ccm/Makefile
@@ -13,14 +13,14 @@
 # limitations under the License.
 
 # Go
-GO_VERSION ?=1.23.9
+GO_VERSION ?=1.24.6
 GO_CONTAINER_IMAGE ?= golang:$(GO_VERSION)
 
 REGISTRY=gcr.io/k8s-staging-capi-ibmcloud
 IMG=powervs-cloud-controller-manager
 
 # POWERVS_CLOUD_CONTROLLER_COMMIT can be fetched from here https://github.com/openshift/cloud-provider-powervs/commits/main
-POWERVS_CLOUD_CONTROLLER_COMMIT?=ef83f3f
+POWERVS_CLOUD_CONTROLLER_COMMIT?=2424e8d
 TAG?=$(POWERVS_CLOUD_CONTROLLER_COMMIT)
 
 build-image: init-buildx gcloud-auth
diff --git a/hack/ccm/cloudbuild.yaml b/hack/ccm/cloudbuild.yaml
index f4328ea10..f61a5d02c 100644
--- a/hack/ccm/cloudbuild.yaml
+++ b/hack/ccm/cloudbuild.yaml
@@ -4,7 +4,7 @@ options:
   substitution_option: ALLOW_LOOSE
   machineType: 'E2_HIGHCPU_8'
 steps:
-  - name: 'gcr.io/k8s-staging-test-infra/gcb-docker-gcloud:v20241111-71c32dbdcc'
+  - name: 'gcr.io/k8s-staging-test-infra/gcb-docker-gcloud:v20250513-9264efb079'
     dir: 'hack/ccm'
     entrypoint: make
     env: