Ghana’s fixed income market processed over GH¢613 million across 278 transactions on Thursday, October 30, with treasury bills commanding nearly 94% of total activity as investors maintained their overwhelming preference for short term government securities.

The Ghana Fixed Income Market trading report revealed treasury bills generated GH¢574.7 million through 256 separate transactions, dwarfing all other categories and continuing a pattern that’s defined the country’s debt markets throughout 2025. It’s a familiar story by now: institutional investors favoring flexibility and liquidity over longer commitments despite Ghana’s improving economic fundamentals.

New government bonds contributed GH¢26.2 million across just five trades, with the February 2033 maturity recording the day’s largest single government bond transaction at GH¢26.1 million. That security, carrying a 9.25% coupon, closed at a yield of 15.44% and a price of 73.41 cedis per 100 cedis face value, illustrating the substantial discount at which these bonds trade relative to their face value in the current high yield environment.

The most actively traded treasury bill was the January 12, 2026 maturity, which changed hands in 13 transactions totaling GH¢273.1 million. This concentration in a single bill maturity suggests coordinated institutional activity, possibly driven by liquidity management needs or regulatory requirements that create demand at specific tenors.

Corporate bonds showed modest but meaningful participation with GH¢3.96 million across 14 transactions. Ghana Cocoa Marketing Board dominated the corporate segment, a quasi government entity whose securities consistently attract more investor interest than purely private sector issuers. The cocoa board’s August 2027 bond accounted for the bulk of corporate trading, closing at a price of 98.07 cedis.

Bank of Ghana bills, which serve as monetary policy instruments for the central bank’s liquidity management operations, recorded GH¢1.45 million in a single transaction. These central bank instruments typically see less secondary market activity than treasury bills but play crucial roles when the BoG needs to fine tune banking system liquidity.

Sell and buyback trades, which are essentially repurchase agreements using government bonds as collateral, generated GH¢6.87 million through two transactions. The February 2028 maturity bond accounted for most of this repo style activity at GH¢5.37 million, with a yield of 13.51% and price of 90.32 cedis. These transactions allow investors to access temporary liquidity while maintaining their bond market exposures.

What’s striking about Thursday’s trading isn’t just the volume but how it mirrors patterns that have persisted for months now. Treasury bills consistently capture the lion’s share of activity, government bonds see selective interest, and corporate bonds struggle to gain meaningful traction despite yields that should theoretically attract capital.

The concentration in treasury bills creates both opportunities and risks for Ghana’s debt management. On one hand, strong investor appetite allows the government to continuously roll over short term funding at manageable rates. On the other hand, this heavy reliance on bills rather than longer dated bonds creates refinancing pressure, forcing the government to repeatedly tap markets instead of locking in multi year funding at today’s rates.

Yields across government securities remain elevated, typically ranging between 15% and 16% for bonds and delivering similarly attractive returns on treasury bills when annualized. These rates offer positive real returns given that Ghana’s inflation has moderated considerably from its 2022 peaks, making fixed income instruments compelling for investors who can tolerate the sovereign credit exposure.

The corporate bond market’s persistent weakness reflects multiple realities. With government securities offering 15% plus yields backed by sovereign credit, corporate issuers must price bonds at even higher rates to attract capital. That creates affordability challenges for most companies. Additionally, limited financial disclosure and thin secondary market liquidity make corporate credit analysis difficult and position sizing risky for larger institutional investors.

Thursday’s trading demonstrates that Ghana’s fixed income market continues functioning effectively for its primary purpose of facilitating government securities transactions. The 278 trades spread across different security types indicate genuine market participation rather than just a handful of large block trades dominating the numbers.

Whether this market structure can evolve to support more vibrant corporate bond trading and greater investor willingness to extend duration remains Ghana’s fixed income challenge heading into 2026. For now, though, the message from Thursday’s data is clear: when it comes to Ghanaian debt, investors want their money back soon, they want it backed by the government, and they’re willing to accept whatever that preference costs in foregone yield on longer dated securities.

In recent days, much has been made of Vinicius Junior’s alleged rift with Real Madrid head coach Xabi Alonso. However, there is a much bigger issue going on in the background, that being the Brazilian winger’s contract situation, which has had supporters worried over the last few months.

Over the summer, it was reported that Real Madrid and Vinicius were unable to come to an agreement over a new contract, which caused talks to break down. Since then, they have been on hold, although the club is still determined to ensure that an agreement is reached with the 24-year-old.

Despite the ongoing situation with Alonso, it has now been reported by Diario AS that Real Madrid and Vinicius have come closer to reaching an agreement on a new contract, although it is stated that there will be no new offer tabled until the end of the season.

At that point, Vinicius will only have a year remaining on his current deal, which runs out on the 30th of June 2027. Real Madrid are not concerned about their player running that down before leaving as a free agent, as their belief is that he also wants to stay at the Santiago Bernabeu for many years to come.

Real Madrid and Vinicius close to settling financial issue

One of the reasons that an agreement was not reached during the summer was due to Vinicius’ wage demands being deemed to be too high by Real Madrid, but according to the latest update, the two parties are now close to coming to a full agreement on this matter. Once that is achieved, it is expected that there would be few barriers between them.

Vinicius has had a strong start to the season, despite the off-field issues that has been swirling. He is very much a key player for Real Madrid, and this should remain the case for years to come.

MTN Ghana delivered a 45.9 percent surge in profit after tax to GH¢5.5 billion for the first nine months of 2025, powered by explosive data revenue growth and expanding mobile money adoption that’s transforming Ghana’s largest telecommunications operator into a digital services powerhouse.

The financial results released Wednesday show service revenue climbing 36.3 percent year-on-year to GH¢17.3 billion, while earnings before interest, tax, depreciation and amortization rose 41.6 percent to GH¢10.2 billion, achieving a margin of 58.4 percent. That margin improvement of 2.2 percentage points signals MTN is squeezing more profitability from each cedi of revenue, a crucial metric as the telco pivots from traditional voice services toward data and fintech offerings.

What stands out in these numbers is how completely data services now dominate MTN’s business model. Data revenue surged 46.8 percent to GH¢9.3 billion, accounting for 53.6 percent of total service revenue, marking the first time in company history that data alone contributed more than half of all revenue. That milestone reflects fundamental shifts in how Ghanaians use mobile networks, moving beyond basic calls and texts to video streaming, social media, mobile banking, and digital entertainment.

Active data subscribers increased 11.4 percent to 18.9 million, meaning roughly two-thirds of MTN’s 30.5 million total subscribers now actively consume data services. The company deployed GH¢3.3 billion in capital expenditure excluding leases to expand coverage, improve network quality, and upgrade IT systems, achieving 98.9 percent 4G population coverage nationwide. That near-universal 4G availability creates infrastructure foundation for delivering faster speeds and more sophisticated services.

Mobile Money’s Growing Footprint

Mobile money revenue increased 39.2 percent to GH¢4.3 billion, supported by 17.7 million active users, a 4.1 percent increase reflecting MTN’s growing role in Ghana’s financial inclusion drive. The MoMo platform has evolved from simple person-to-person transfers into a comprehensive financial services ecosystem encompassing digital payments, lending services, merchant transactions, and cross-border remittances.

Voice revenue, while growing more modestly at 9.3 percent to GH¢2.9 billion, demonstrates the legacy business isn’t disappearing but clearly represents declining importance relative to data and fintech. Digital entertainment services more than doubled to GH¢324.4 million, driven by consumer appetite for streaming video, gaming, and digital content, categories that barely existed in MTN’s revenue mix just a few years ago.

CEO Stephen Blewett attributed the strong performance to consistent execution of the company’s commercial strategy and improvements in the macroeconomic environment. The results were driven by subscriber growth and sustained capital expenditure, supported by better operational conditions that strengthened performance across key business lines, he stated.

MTN’s total subscriber base grew 6.4 percent to 30.5 million, adding roughly 1.8 million customers over the period. While that growth rate appears modest compared to revenue surges, it reflects market maturity in Ghana where mobile penetration already exceeds 100 percent when accounting for multiple SIM card ownership. The real growth opportunity lies in increasing revenue per user through data consumption and mobile money transactions rather than simply adding subscribers.

Economic Contribution and Tax Payments

The company paid GH¢7.3 billion in direct and indirect taxes during the period, up from GH¢6.1 billion in 2024, reinforcing its role as major contributor to government revenue. Additionally, MTN contributed GH¢1.2 billion in fees and levies to government agencies, bringing total fiscal contributions to GH¢8.5 billion. Those payments represent significant portions of Ghana’s telecommunications sector tax revenue, highlighting MTN’s economic importance beyond its commercial operations.

Total capital expenditure reached GH¢4.6 billion including lease obligations, demonstrating MTN’s commitment to long-term infrastructure development despite operating in an economy still grappling with inflation and currency pressures. That investment level positions the company to capitalize on growing data demand while maintaining service quality that differentiates it from competitors.

MTN achieved 57.3 percent increase in data traffic year-on-year, indicating subscribers aren’t just adopting data services but consuming dramatically more content. That traffic growth validates network capacity investments and suggests headroom for continued revenue expansion as usage patterns mature.

Social Impact and Community Development

Through the MTN Ghana Foundation, the company launched several initiatives including construction of a digital resource centre at the University for Development Studies in Tamale expected to train over 30,000 students in artificial intelligence, robotics, and Internet of Things technologies. The Foundation also trained 160 small businesses in fintech and accounting principles and supported over 4,000 learners through its Digital Skills Academy.

These corporate social responsibility programs position MTN as contributor to Ghana’s digital transformation beyond commercial service provision. By training students and entrepreneurs in emerging technologies, the initiatives create potential future customers while addressing skills gaps that could constrain digital economy growth.

Blewett noted that MTN’s approval from the National Communications Authority to harmonize its spectrum licenses would improve service quality and support Ghana’s digital transformation agenda. This milestone will enhance network performance and strengthen our ability to deliver innovative services nationwide, he said.

Spectrum harmonization allows more efficient use of radio frequencies, potentially improving network speeds and capacity without requiring additional physical infrastructure. For MTN, that regulatory approval removes constraints that might otherwise limit its ability to meet surging data demand as customer usage patterns continue evolving.

Strategic Priorities and Future Outlook

Looking ahead, MTN remains optimistic about the final quarter of 2025, projecting service revenue growth in the mid-to-upper thirties percentage range and EBITDA margins in the mid-fifty percent range. That guidance suggests management expects momentum to continue despite seasonal variations and competitive pressures.

The company reaffirmed commitment to stakeholder collaboration, cost efficiency, and customer satisfaction, emphasizing plans to leverage artificial intelligence tools to enhance customer engagement. Adoption of advanced AI tools in customer value management initiatives will be a priority to improve satisfaction and engagement, with continued scaling of group platforms including ongoing development of the myMTN and MoMo apps by adding innovative services to meet customers’ changing needs.

MTN plans to keep introducing advanced features to improve security and enable smooth transactions, strategically investing in areas with highest demand, especially in data and home connectivity services, aiming to capitalize on growing market opportunities. That focus on data and home connectivity reflects recognition that fixed wireless access and home broadband represent next growth frontier as Ghanaians seek alternatives to traditional fixed-line internet.

The company’s Ambition 2025 strategy focuses on growth, efficiency, and innovation, positioning MTN as Ghana’s leading digital solutions provider. Whether that ambition translates into sustained competitive advantage depends on execution amid intensifying competition from rivals also investing heavily in data infrastructure and mobile money services.

Challenges remain despite strong results. Inflationary pressures continue affecting operational costs, regulatory burdens including sector-specific taxes add financial strain, and currency volatility creates uncertainty for a business dependent on imported equipment denominated in foreign currencies. However, expanding margins signal MTN is managing these challenges effectively while capturing growth in high-value segments.

The company’s performance contrasts sharply with broader economic headwinds affecting Ghana, suggesting telecommunications and digital services represent sectors showing resilience and growth potential even during difficult macroeconomic periods. For investors, the combination of 46 percent profit growth, expanding margins, strong cash generation, and clear strategic direction presents a compelling narrative.

For Ghana’s digital economy, MTN’s continued infrastructure investment and service innovation accelerate transformation toward digital-first society where mobile connectivity enables education, commerce, financial services, and entertainment. The 98.9 percent 4G coverage achievement means nearly all Ghanaians can theoretically access high-speed internet, though affordability and device availability remain barriers for some segments.

As MTN marks these strong results, the telecommunications landscape continues evolving with potential 5G deployments, satellite internet competition, and regulatory changes that could reshape competitive dynamics. The company’s ability to maintain growth momentum while adapting to these shifts will determine whether 2025’s performance represents peak achievement or foundation for sustained leadership in Ghana’s digital transformation journey.

Abstract

Housing is central to social equity, human dignity, and sustainable development. Ghana faces a persistent housing deficit exceeding 1.8 million units, constraining inclusive growth and exacerbating urban inequality. This paper critically examines how Ghana, under H.E. John Dramani Mahama, could reform its housing policy to promote equity, affordability, and sustainability. Using social justice and urban political economy as conceptual lenses, the study employs qualitative policy analysis and draws on international models such as the U.S. Housing Choice Voucher Program, Low-Income Housing Tax Credit (LIHTC), and Fair Housing Act. The analysis highlights the need for integrated policy frameworks that combine rental assistance, homeownership support, developer incentives, anti-discrimination measures, and community reinvestment strategies to achieve socially inclusive and economically sustainable urban development.

Keywords: Ghana, housing policy, John Dramani Mahama, social justice, urban development, homeownership, public-private partnerships

1. Introduction

Housing is a fundamental determinant of socio-economic well-being. In Ghana, a deficit exceeding 1.8 million units manifests in overcrowding, informal settlements, and spatial inequality, particularly in Accra, Kumasi, and Takoradi (Owusu & Agyei, 2022; Ministry of Works and Housing, 2023). Beyond serving as physical shelter, housing embodies human dignity and social inclusion. Persistent challenges—limited mortgage access, complex land tenure, and fragmented institutional coordination—have hindered systematic solutions (World Bank, 2021).

This study argues that, under H.E. John Dramani Mahama, Ghana can realign housing policy through participatory governance that integrates public-sector intervention, private-sector innovation, and community engagement, fostering a socially equitable and economically sustainable housing system.

2. Theoretical Framework

The analysis draws on social justice and urban political economy perspectives.

• Social Justice: Housing is a universal right. Policies must ensure fairness and equitable access, particularly for low- and middle-income households (Harvey, 2012).
• Urban Political Economy: Housing outcomes are shaped by governance, markets, and institutional power. The state plays a pivotal role in moderating inequality and guiding urban development (Logan & Molotch, 2007).

Together, these frameworks position housing as both a social right and a strategic national asset, linking human welfare to sustainable economic growth.

3. Methodology

A qualitative policy analysis was conducted, integrating interpretive and comparative approaches. Sources included Ghana’s National Housing Profile (2023), Saglemi Project reports, scholarly literature on housing policy (Amoako & Boamah, 2021; Schill, 2020), and international models (HUD, 2021).

Thematic analysis identified four key dimensions of Ghana’s housing challenge: affordability, accessibility, governance, and equity. These were interpreted through the theoretical lenses to highlight structural constraints and opportunities for transformative policy (Creswell & Poth, 2018).

4. Literature Review

Scholarship identifies housing as a multidimensional policy challenge requiring institutional coordination and sustainable financing (UN-Habitat, 2022; World Bank, 2021). State-led projects, including Saglemi, have experienced setbacks due to weak oversight, politicization, and lack of transparency (Amoako & Boamah, 2021). The proliferation of informal settlements highlights systemic weaknesses in land administration and urban governance (Owusu & Agyei, 2022).

International models demonstrate valuable lessons: the U.S. Housing Choice Voucher Program and LIHTC showcase effective public-private collaboration, while fair housing legislation mitigates structural inequities (HUD, 2021; Schill, 2020). These insights provide a foundation for reforming Ghana’s housing policy.

5. Policy Analysis and Recommendations

5.1 Rental Assistance

A National Rental Assistance Programme, modeled on U.S. vouchers, could subsidize rent for low-income households, reducing overcrowding and promoting social inclusion.

5.2 Homeownership

State-backed mortgages and first-time buyer programs, supported by institutions such as the Ghana Housing Finance Association, could expand affordable homeownership and reduce reliance on informal housing.

5.3 Affordable Housing Development

LIHTC-style incentives for developers, alongside a National Housing Trust Fund financed through levies and budgetary allocations, could ensure sustainable low-cost housing construction.

5.4 Fair Housing and Anti-Discrimination

A Ghanaian Fair Housing Act would institutionalize equity, prohibiting discrimination based on ethnicity, gender, disability, or religion, reflecting Mahama’s inclusive governance philosophy.

5.5 Housing Sustainability and Urban Renewal

Complementary programs—including home repair grants, homelessness prevention, and community reinvestment—would improve housing quality, neighborhood resilience, and social cohesion.

6. Conclusion

Ghana is at a pivotal moment in redefining its housing trajectory. Housing should be recognized not only as an economic sector but also as a cornerstone of social welfare and national cohesion. Under H.E. John Dramani Mahama, Ghana can implement a coherent housing strategy that integrates rental assistance, affordable homeownership, developer incentives, and anti-discrimination measures. Such reforms could reduce the housing deficit, improve quality of life, and affirm housing as both a human right and a driver of sustainable national development.

By Opesika Tetteh Puplampu, GNA 

Mafikope (E/R), Oct. 30, GNA – The Africa Just Transition Network (AJTN), through its Renewable Energy Working Group, has installed and commissioned a 6kWp + 10kWh off-grid rooftop solar photovoltaic (PV) system to power a community centre at Mafikope in the Kwahu Afram Plains North District of the Eastern Region. 

 The project aims to promote community design and own solar systems and ensure equitable access to clean energy for underserved communities. 

 Mafikope, a peninsula community of about 500 residents, is not connected to the national electricity grid, which has long affected residents’ productivity and limited access to education and livelihood opportunities. 

The initiative followed a community profiling exercise conducted by AJTN in three island communities, including Mafikope, to assess their energy challenges. The findings revealed significant constraints ranging from the inability to use ICT facilities to difficulties in preserving fish and crop produce. 

Mrs. Patricia Odeibea Bekoe, Co-Facilitator of AJTN’s Renewable Energy Working Group, said the initiative highlighted the importance of community-led solutions in advancing energy access and justice. 

“The Mafikope community solar centre symbolises empowerment through clean energy and demonstrates how renewable power can drive social and economic transformation,” she said. 

Mafikope was selected for the project based on its strong community readiness and commitment. The community provided the building for the solar installation, while AJTN funded and installed the solar system, creating what has been described as a “community solar centre.” 

The PV system, designed by International Climate & Energy Consult (ICEC) and installed by Echoace Energy Solutions Limited, includes solar panels, hybrid inverters, and battery storage to ensure a continuous power supply with post-installation maintenance training for selected youth to ensure sustainability. 

The system currently provides lighting and electrical outlets for six rooms, and the community have plans to convert some rooms into a computer lab and library for children, a cold storage facility, and an entertainment centre to improve social life and livelihoods. 

 Ms Marina Agortimevor, Coordinator of AJTN, said the project was part of the network’s effort to scale up community-based renewable energy initiatives across Africa’s off-grid communities. 

 “Through this project, we are showing what is possible. We remain committed to ensuring Africa’s transition to clean energy is fair, inclusive, and locally driven,” she said. 

 The community’s leaders expressed gratitude to AJTN, noting that having electricity would bring positive change and development to Mafikope. 

 The commissioning was marked by music, dance, and celebration as community members expressed optimism that the solar project would enhance education, health delivery, and overall living standards. 

GNA 

Edited by Laudia Sawer/Linda Asante Agyei 

Member of Parliament (MP) for Lambussie and a member of the Parliamentary Select Committee on Health and the Subsidiary Legislation Committee, Professor Titus Beyuo, says health personnel at the Greater Accra Regional Hospital (Ridge Hospital) are commending the new digital health platform being implemented across the country, describing it as more user-friendly and adaptable than previous systems.

The new system, the Ghana Healthcare Information Management System (GHIMS), was recently procured by the government to address the persistent failures of the Lightwave Health Information Management System, which had caused widespread disruptions across hospitals, particularly in the Ashanti Region.

Health Minister Kwabena Mintah Akandoh has outlined a four-week plan to migrate health facilities gradually onto the new platform. The rollout will start with teaching hospitals, regional hospitals, and heavily populated district hospitals, followed by other district hospitals, clinics, health centers, and CHPS compounds.

The introduction of GHIMS is intended to restore reliable electronic record-keeping, reduce delays in patient processing, and prevent a return to manual systems that had slowed service delivery under the previous Lightwave platform.

Speaking on the Channel One Newsroom on Thursday, October 30, Prof. Beyuo said staff at Ridge Hospital were celebrating the introduction of the new software, which allows greater flexibility and customisation to meet institutional needs.

“What I can confirm to you is that our colleagues at Ridge Hospital are jubilating as of today because the new software introduced is more user-friendly to them. It is very accessible.

“People can make any changes and customise it to the institutional demands. I have personally called the Minister of Health to suggest that Korle Bu should be the next place for piloting,” he said.

Read also…

NHIS system saga: Okoe Boye part of Lightwave contract mess – Akandoh

Private legal practitioner Kweku Paintsil has taken strong exception to the conduct of the Special Prosecutor, Kissi Agyebeng, accusing him of turning its investigations into a public spectacle instead of adhering to proper judicial procedures.

His remarks were prompted by the Special Prosecutor’s recent briefing on ongoing investigations.

Speaking on Joy FM’s Top Story on Thursday, October 31, Mr. Paintsil said the Special Prosecutor’s frequent press conferences and detailed public briefings about ongoing investigations are contrary to the principles of fair trial and due process.

“I think what the OSP is doing is highly and very unprofessional. He is conducting a trial in the court of public opinion, which is against the very tenet and essence of a trial under our system of adjudication,” he said.

Mr. Paintsil described the conduct of the OSP as “most abhorrent and shameful”, questioning what motivates such public commentary on cases that are yet to be tried in court.

The lawyer stressed that every accused person is entitled to the presumption of innocence and accused the Special Prosecutor of undermining that constitutional right.

“I don’t know what pushes him to do all the kinds of things that he does by giving all these press statements. He is acting as if the media are going to be the judges in this matter. It’s very, very unfair,” he remarked.

His comments follow the latest press briefing by the OSP, indicating that former Minister of Finance, Ken Ofori-Atta and several other former government officials will be prosecuted following a detailed investigation into alleged corruption and related offences.

Special Prosecutor Kissi Agyebeng said the investigation uncovered evidence of serious financial irregularities involving top officials of the Ministry of Finance and the Ghana Revenue Authority (GRA), as well as individuals connected to Strategic Mobilisation Ghana Limited (SML).

According to Mr Agyebeng, the OSP will charge Mr Ofori-Atta, along with:

• Ernest Akore, former Chef de Cabinet to the former Minister of Finance
• Emmanuel Kofi Nti, former Commissioner-General of the GRA
• Rev Ammishaddai Owusu-Amoah, former Commissioner-General of the GRA
• Isaac Crentsil, former Commissioner of the Customs Division of the GRA and General Manager for Strategic Mobilisation Ghana Limited
• Kwadwo Damoah, former Commissioner of the Customs Division of the GRA and Member of Parliament for Jaman South

Mr Agyebeng explained that each of the named individuals will face charges of corruption and corruption-related offences before the end of next month.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Logo of the Electoral Commission

The Commission on Human Rights and Administrative Justice (CHRAJ) has dismissed a preliminary objection filed by the Electoral Commission (EC) of Ghana and directed the Commission to fully cooperate with an ongoing investigation into alleged maladministration, procurement breaches and waste in the management of the country’s biometric election systems.

In a ruling dated October 28, 2025, and signed by Commissioner Joseph Whittal, sighted by GhanaWeb, CHRAJ rejected arguments by the EC’s counsel, Ace Ankomah, that the Commission lacked jurisdiction to hear the matter.

The objection sought to halt a petition challenging the EC’s handling of the Biometric Voter Management System (BVMS) and the disposal of related voter registration and verification equipment.

CHRAJ held that its constitutional mandate under Articles 218 and 287 of the 1992 Constitution empowers it to investigate allegations of corruption, abuse of office, maladministration, conflict of interest and waste in public administration.

The commission emphasised that such issues fall squarely within its oversight powers, even when elements of the allegations may also amount to criminal offences.

CHRAJ explained that while it does not prosecute, it is authorised to investigate and refer any findings of potential criminality to the Attorney-General, EOCO or the Auditor-General for further action.

According to CHRAJ, procurement irregularities, financial waste, and the improper disposal of public assets constitute “suspected corruption” and therefore fall within its jurisdiction.

Background

The complaint before CHRAJ questions the EC’s decision to replace its biometric voter management infrastructure and dispose of older registration and verification kits.

The petition, which was filed by IMANI, alleges that the systems were prematurely declared obsolete, resulting in unnecessary costs to the state.

The EC, however, argued through its lawyers that CHRAJ lacked jurisdiction to entertain the matter, insisting that any allegations of financial loss or criminality should be handled by other investigative bodies.

Uphold human rights while carrying out operations – CHRAJ to GIS

CHRAJ, however, disagreed, ruling that the EC’s constitutional independence does not exempt it from accountability or external scrutiny.

With the objection dismissed, CHRAJ has directed the Electoral Commission to cooperate fully with the ongoing investigation.

The inquiry will focus on:

The procurement and award process for the new BVMS platform;

The evaluation and selection of vendors;

The disposal and auctioning of existing biometric equipment; and

The protection of biometric data and other sensitive election materials during the disposal process.

BAI/MA

Tragedy as farmer drowns while seeking loan to send child to SHS

The wait is over! The GhanaWeb Excellence Awards 2025 is officially launched. Let’s Celebrate impact, innovation and excellence across Ghana.

Who deserves to be honoured this year?

Nominate now 👉 https://ghanaweb.com/ghanaexcellenceawards/nominate

Group Vivendi Africa’s planned launch of fibre broadband services in Ghana through its CanalBox brand promises consumers faster internet speeds and stronger competition, but realizing those benefits requires vigilant regulation preventing anti competitive practices that have undermined previous market entries, according to a leading competition economist.

Appiah Kusi Adomako, West African Regional Director of CUTS International and Co Chair of Ghana Extractive Industries Transparency Initiative, welcomes Canal Plus’s entry while cautioning that optimism surrounding the development must be tempered with realism about Ghana’s telecommunications history. The country has seen multiple market entries that failed to fundamentally change dynamics or consumer experiences, he notes.

“The announcement of Canal Plus fibre broadband in Ghana is a welcome development,” Adomako stated. “It holds promise for better access, more choice, lower cost, and stronger competition. But optimism must be matched with realism and regulatory vigilance.”

Group Vivendi Africa, parent company of CanalBox, plans to launch high speed fibre to the home internet services in Ghana beginning with Accra and Kumasi, marking the company’s entry into its tenth African market. A delegation led by Chief Executive Officer Jean François Dubois met with Ghana’s Minister for Communication, Digital Technology and Innovation Samuel Nartey George in Accra to discuss the commercial rollout.

Minister George described GVA’s proposed pricing model as “revolutionary” and consistent with government’s vision to expand affordable digital access nationwide. “I’m fully committed to initiatives that lower data costs and expand fibre connectivity across Ghana,” George stated, pledging to engage the Energy Minister and Electricity Company of Ghana management to address infrastructure access challenges.

The minister encouraged GVA to submit detailed proposal outlining service plan, investment framework, and areas requiring ministerial intervention. He also suggested collaboration between GVA and Canal Plus to bundle broadband access with premium entertainment content from Canal Plus and MultiChoice, potentially reshaping Ghana’s pay TV and internet ecosystem.

Canal Plus completed acquisition of South African pay TV giant MultiChoice Group in October 2025, securing 94.39 percent stake. The timing proves significant, as MultiChoice Ghana has spent much of 2025 under pressure from Ghanaian authorities over subscription prices after attempts to raise DStv tariffs triggered threats of regulatory action.

A fibre led offer gives Canal Plus route to defend video revenues when traditional satellite revenues face political scrutiny. By distributing channels and on demand services over its own broadband pipe and potentially steering viewers toward legal streaming via Showmax, Canal Plus can retain control of premium content while addressing long standing piracy and grey import decoder issues in Ghana.

GVA has deployed over 40,000 kilometers of fibre optic cable across Africa, covering more than 2.8 million homes and businesses in Burkina Faso, Democratic Republic of Congo, Rwanda, Congo, Côte d’Ivoire, Togo, Gabon, Uganda, and Benin, where it recently launched CanalBox services in Cotonou and Abomey Calavi. The company intends to replicate its successful mass market fibre model proven across these nine African countries.

Adomako explained that Ghana’s broadband market is inherently contestable, meaning with the right policy environment, new entrants can successfully capture fair market share. Unlike the voice segment where subscribers resist changing numbers, broadband consumers show far more flexibility and willingness to switch providers if they receive better deals.

“The broadband market is very contestable and it makes it possible for new entrants to enter the market, so I am sure that Canal Plus fibre will be able to get a share of the consumer pie,” he noted. “Unlike the voice market where the majority of subscribers do not want to change their numbers, consumers can easily switch fibre broadband providers if the algebra adds up.”

Yet the competition economist stressed that Canal Plus’s presence could trigger healthy shake up in Ghana’s telecom ecosystem only if regulatory bodies like the National Communications Authority ensure a level playing field preventing dominance and sustaining fair competition. Ghana’s telecom history contains promising announcements that failed to transform market dynamics or consumer experiences because regulatory frameworks proved inadequate.

“As someone deeply focused on competition and consumer protection, I believe that true benefits will only arrive if the entry of this provider triggers a market shift: more challengers, better infrastructure access, and empowered consumers,” Adomako stated, emphasizing that competition isn’t one time event where a new player enters and everything magically improves.

The central concern involves whether Ghana’s competition laws prove strong enough to handle sophisticated market manipulation. Predatory pricing, where incumbents temporarily slash rates to bankrupt competitors before raising them again, abuse of dominant positions, and refusals to collaborate with smaller players all require robust legal frameworks to combat effectively.

“This is where we need competition laws that truly protect the consumer,” Adomako noted, highlighting a gap that has plagued Ghana’s telecom sector for years. Without adequate enforcement, Canal Plus’s entry might not matter long term if incumbents deploy anti competitive tactics that regulations fail to prevent.

Ghana’s broadband market has seen new entrants before with mixed results at best. Multiple internet service providers operate, yet prices remain high relative to regional peers and service quality varies wildly. Subscribers frequently complain about high installation costs, unreliable speeds, and inconsistent customer service, challenges GVA’s entry promises to address but must deliver on to justify enthusiasm.

If successful, CanalBox could pressure existing fibre operators including MTN, Vodafone, and Teledata, who have struggled to expand coverage beyond urban centers. The question becomes whether six months or a year from now, ordinary Ghanaians can point to specific ways their internet experience improved because of this entry. If not, then excitement was premature and Ghana’s broadband challenges run deeper than simply needing another provider.

As of 2021, Ghana had over 11,000 kilometers of fibre optic cable infrastructure connecting over 2,000 communities across the country. Fiberisation efforts led to significant increases in broadband penetration, from 1.7 percent in 2008 to 38.5 percent in 2020, according to National Communications Authority data. Average broadband speed increased from 1.5 Mbps in 2014 to 17.8 Mbps in 2020.

Despite these achievements, coverage remains uneven with rural and remote areas lagging behind urban centers in terms of broadband access. The cost of broadband services stays high for many Ghanaians, limiting ability to fully benefit from digital opportunities. Quality of service and customer experience from some broadband providers has drawn criticism, calling for more regulation and oversight.

Minister George has emphasized critical importance of standardized specifications in protecting Ghana’s fibre optic infrastructure. Without standardized specifications, Ghana risks fragmentation, continued infrastructure destruction, inefficiency, and high maintenance costs. Standards covering aspects from trenching depth to splicing procedures prove essential as the nation pushes toward increased broadband coverage, especially in rural communities.

The minister stressed that protection of fibre infrastructure is non negotiable, calling for collective effort from all stakeholders including communication operators, infrastructure providers, municipalities, and contractors. He urged active participation in shaping Ghana’s fibre future by adhering to and refining standards.

Adomako called on citizens and stakeholders to support the initiative while demanding accountability. For Ghana to reap full rewards of Canal Plus’s investment requires continuous monitoring of pricing structures, interconnectivity access, and consumer protection frameworks. Without that vigilance, excitement could fade quickly, leaving consumers right where they started.

The broader context matters significantly. Ghana’s broadband future depends not on how many companies operate but on whether the regulatory and market environment makes them genuinely compete for consumer business. Competition isn’t about press releases announcing new market entrants but about daily pressure that forces all providers to continuously improve or lose customers.

Canal Plus’s announcement represents news, but it shouldn’t be the end of the story. The real test involves whether implementation delivers on promises of revolutionary pricing and whether regulatory authorities prevent anti competitive practices that could undermine potential benefits. Success requires sustained commitment from government, regulators, industry players, and civil society organizations monitoring market conduct.

The initiative’s timing aligns with government goals to expand digital inclusion and reduce data costs nationwide, priorities Minister George has championed consistently. Government readiness to support genuine investors committed to enhancing Ghana’s digital infrastructure and bridging connectivity gaps creates favorable environment, but support must be matched with enforcement ensuring fair competition.

Whether Canal Plus’s entry proves transformative or merely incremental depends on execution details not yet revealed. No commercial launch date or final tariff has been confirmed. GVA must table formal proposal covering rollout plans, pricing, and specific bottlenecks where it needs state support. Until then, consumers should maintain cautious optimism while demanding regulatory vigilance ensuring promised benefits materialize.

For consumers, the potential exists for improved access to affordable, unlimited broadband connectivity if Canal Plus delivers on commitments and regulators prevent incumbents from using market power to suppress competition. The convergence of fibre broadband with premium entertainment content through Canal Plus and MultiChoice could create compelling value propositions unavailable from traditional internet service providers.

Yet history suggests skepticism remains warranted until concrete improvements emerge. Ghana’s telecommunications sector has seen numerous announcements promising transformation that failed to deliver because implementation fell short, regulatory enforcement proved inadequate, or incumbents successfully defended market positions through tactics regulations couldn’t prevent.

The coming months will reveal whether Canal Plus’s fibre launch represents genuine breakthrough or another case of promising announcements failing to fundamentally change market dynamics. The answer depends less on Canal Plus’s intentions than on Ghana’s regulatory capacity to enforce competitive markets and government commitment to supporting new entrants while preventing anti competitive conduct by established players threatened by disruption.

Lawyer for former Finance Minister Ken Ofori-Atta, Frank Davies, has hit back at the Office of the Special Prosecutor (OSP) following its announcement that his client will soon face prosecution over alleged corruption-related offences.

Speaking on Joy FM’s Top Story on Thursday, October 31, Mr. Davies described the OSP’s recent press conference as unnecessary and accused the Special Prosecutor, Kissi Agyebeng, of turning serious legal matters into public theatrics.

“Coming to narrate and talk long and needless English is a conviction in itself. He [Special Prosecutor] says he’s going to charge him [Ofori-Atta]; he should go ahead and stop this gimmicking. Come on, is this the first time the OSP has come out to say something about Ken Ofori-Atta?”

“Once upon a time, what did he tell us? That Ofori-Atta should either come to this country or he would force his entry. I mean, come on. Amateurish and childish fights,” he stated.

The lawyer emphasised that Mr. Ofori-Atta is not afraid of facing prosecution, adding that the former minister remains ready to respond to any charges in court.

“Let me tell you, Kenneth Nana Yaw Kuntunkununku Ofori-Atta is not afraid of prosecution. Let the car roll for the OSP; the accused person will have his vehicle. So let’s stop this theatrics,” he said.

Mr. Davies further urged the Special Prosecutor to focus on restoring credibility to his office instead of engaging in what he called ‘media performances’”.

“A lawyer’s place is in the courtroom, not behind microphones,” he added.

His comments come after the OSP announced plans to charge former Finance Minister Ken Ofori-Atta and several former government officials by the end of November 2025.

At a press briefing on Thursday, October 30, the Special Prosecutor revealed that the OSP’s investigation uncovered serious financial irregularities involving top officials of the Ministry of Finance, the Ghana Revenue Authority (GRA), and individuals linked to Strategic Mobilisation Ghana Limited (SML).

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Guaranty Trust Bank (Ghana) Ltd has opened its newest branch in Ho, the capital of the Volta Region.

This expansion underscores the Bank’s commitment to bringing world-class financial services closer to individuals and businesses across Ghana.

The new Ho Branch, strategically located in the heart of the city, will offer customers a full range of banking services — from personal and business accounts to loans, digital banking, and payment solutions — all delivered with the speed, innovation, and convenience that define the GTBank experience.

Commenting on the new branch opening, Mr. Thomas John, Managing Director of GTBank Ghana, explained that “Our vision has always been to make banking more accessible, simpler and faster for everyone. The launch of our Ho Branch is another important step in fulfilling that commitment — serving customers in the Volta Region and supporting local businesses to thrive.”

The Bank invites residents, business owners, and customers in Ho and its surrounding communities to visit the new branch to enjoy GTBank’s exceptional service experience, operated by a team of friendly professionals and a suite of innovative banking solutions.

GTBank Ghana remains dedicated to deepening financial inclusion and contributing to the economic growth of every community it serves.

Guaranty Trust Bank (Ghana) Limited, a member of Guaranty Trust Holding Company Plc (GTCO Plc), is one of Ghana’s leading banks, renowned for its innovation, customer service, and strong corporate governance. The Bank provides a wide range of financial products and services to individuals, businesses, and institutions through its branches and digital channels.

MTN Ghana has successfully held the maiden edition of its Digital for Good Masterclass under the theme “Empowering Entrepreneurs in Technology and Agriculture.”

The initiative brought together innovators, technology experts, entrepreneurs, and industry leaders to explore how digital transformation is reshaping key sectors, particularly agriculture.

The event forms part of MTN Ghana’s broader commitment to promoting digital literacy, sustainable development, and inclusive growth through technology-driven solutions.

Sandra Oduro Antwi, Senior Marketing Specialist at MTN Ghana, speaking at the event , reaffirmed the company’s mission to leverage digital innovation as a force for empowerment and progress.

“As we move into a more digital era, our goal is to ensure this revolution becomes a tool for empowerment one that uplifts innovators, changemakers, and every participant in this digital ecosystem,” she said.

Antwi highlighted MTN’s continued investment in capacity-building initiatives that provide young entrepreneurs with training, mentorship, and access to digital platforms that drive innovation across diverse sectors, including e-commerce, health, and agriculture.

“In agriculture, digital tools are transforming how farmers access information, financing, and markets,” she added. “MTN’s digital solutions continue to enhance productivity and strengthen food security across Ghana.”

On cybersecurity, Jacqueline Hanson-Kotei, Senior Manager for Enterprise Information Security and Governance at MTN Ghana, emphasized the importance of digital safety in an increasingly connected world.

“October is Cybersecurity Awareness Month, and it reminds us that online safety starts with each of us,” she noted. “Be cautious with the information you share, use strong passwords, and enable multi-factor authentication whenever possible.”

Hanson-Kotei urged entrepreneurs to see cybersecurity not as a technical burden but as a strategic advantage.

“When your systems are secure, your customers trust you more and that trust is the foundation of every successful digital business,” she said.

During a panel discussion, Dr. Stephane Nwolley, CEO of Npontu Technology, stressed the need to balance technical skills with human-centered abilities such as empathy, communication, and critical thinking.

“We are training a generation that relies heavily on artificial intelligence,” Dr. Nwolley said. “If we don’t balance that with soft skills, we risk losing the human side of innovation.”

He revealed that Npontu Technology trains over 1,000 students annually, equipping them with both technical knowledge and problem-solving skills.

“Technology must enhance human relationships. It’s not just about coding or data  it’s about how we use technology to connect, create, and improve lives,” he added.

Adding to the conversation, Daniel Asare-Kyei, CEO of Esoko, called for greater use of technology to address Ghana’s agricultural challenges.

“Ghana faces many issues in agriculture  from weak processing capacity to low value addition,” he said. “Until we can transform our raw produce into finished goods, we’ll continue to face economic limitations.”

He encouraged entrepreneurs to design locally relevant solutions rather than replicating foreign models.

“Every entrepreneur must ask: who am I designing this solution for my community or someone abroad? No problem is too big to solve if we are driven by purpose and creativity,” he stated.

Ethel Cofie, CEO of EDEL Technology Consulting, also urged entrepreneurs to balance passion with business discipline to build sustainable enterprises.

“Passion keeps you going when things get tough,” she said. “But without discipline, sound financial management, and accountability, passion remains a hobby.” She emphasized that profitability and sustainability are essential to long-term success.

“When I look at my numbers, I know exactly what each project costs and what returns to expect,” she noted. “Once revenue becomes consistent and sustainable, then it’s a real business.”

The Digital for Good Masterclass served as a powerful platform for knowledge sharing, collaboration, and responsible technology use. Through initiatives like this, MTN Ghana continues to champion digital inclusion, empower entrepreneurs, and build a future where technology truly works for the good of all.

The Minister of Health, Kwabena Mintah Akandoh, has dismissed claims by his predecessor, Dr. Bernard Okoe Boye, that he described the Lightwave Health Information Management System (LHIMS) as a foreign-owned company.

This development adds to the ongoing public exchanges between the two officials over the management and performance of the LHIMS project, which was designed to digitise patient records across the country.

Earlier, Dr. Okoe Boye asserted that Lightwave is a fully Ghanaian-owned company and that the country’s health data is securely hosted within the Ministry of Health, not in India as some reports had suggested. He further cautioned that the government’s move to transition to a new platform — the Ghana Healthcare Information Management System (GHIMS) — could erode the progress achieved under the LHIMS project.

Responding in an interview on Citi Eyewitness News on Thursday, October 30, Mr. Akandoh accused the former minister of deliberately twisting his words to deflect attention from the substantive issues surrounding the troubled digital health platform.

“It is very interesting that Okoe Boye is the spokesperson for Lightwave at this point in time. I have never on this earth stated that Lightwave is not a Ghanaian company.

“So Okoe Boye is setting his own questions and answering them. He should play my voice anywhere that I said that company is not a Ghanaian company,” Mr. Akandoh said.

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NHIS System Saga: Lightwave not foreign-owned; Akandoh lied – Okoe-Boye

Accra, Oct 30. GNA – Music sensation Kween Peppa has been named Best New Artiste of the Year at the 2025 Ghana Governance & Leadership (GGL) Awards. 
 
The annual Ghana Governance & Leadership Awards is a highly recognized event that celebrates individuals and organizations demonstrating exceptional contributions across various sectors. 
 
It highlights achievements in creativity, innovation, and leadership, honoring those who are driving positive change, inspiring communities, and setting new standards of excellence in their respective fields. 
 
Known for her Afro-Fusion sound, Kween Peppa blends Caribbean rhythms with African beats, incorporating elements of reggae, trap and soul. 
 
Her music promotes themes of freedom, wealth and legacy, and is noted for its spiritual and empowering undertones. 
 
Her debut extended play (EP), We Done Dun, features tracks such as She Worth It, Gratitude and King Flame, showcasing her commitment to self-expression and artistic authenticity. 
 
The award highlights her growing influence in Ghana’s music industry and marks a significant milestone in her emerging career. 

GNA 

Kenneth Odeng Adade 

St. John’s Hospital and Fertility Centre has been honoured as the Healthcare Provider of the Year at the 8th Ghana Business Awards, held at the Kempinski Gold Coast Hotel on Friday, October 24, 2025.

The Ghana Business Awards, regarded as the nation’s premier platform for celebrating excellence, innovation, and transformative impact across industries, recognised the hospital for its exceptional healthcare delivery and contribution to national development.

The award reflects St. John’s Hospital’s commitment to providing a wide range of clinical, diagnostic, and surgical services, including general medicine, internal medicine, ENT, home care, ophthalmology, and obstetrics and gynaecology, among others.

According to the awarding board, the facility is equipped with state-of-the-art imaging and laboratory systems, enabling it to operate as a one-stop centre offering specialised and auxiliary services tailored to patient needs.

This year’s Ghana Business Awards was held under the theme, “Creative Economy Revolution through Innovation: Redefining Ghana’s GDP Landscape.”

In response to the honour, Afia Sarfo, Head of Procurement at St. John’s Hospital and Fertility Centre, expressed gratitude, saying: “This remarkable recognition is not just about St. John’s Hospital, but a testament to the collective effort of our incredible team, our clients, and partners who continue to believe in our vision. It reinforces the hospital’s commitment to offering innovative solutions to healthcare.”

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

The International Monetary Fund (IMF)

The International Monetary Fund (IMF) is likely to grant board approval for the fifth review of Ghana’s bailout programme in December 2025, IC Research has projected.

This development follows a staff-level agreement reached between the Government of Ghana and the IMF mission in October 2023, with the authorities meeting all six quantitative performance criteria and four indicative targets for the period ending June 2025.

Board approval would trigger a disbursement of US$385 million from the Fund, bolstering Ghana’s forex reserves ahead of the January 2026 Eurobond debt service, estimated at US$689 million.

IC Research noted that the IMF adopted a notably more optimistic tone in the fifth review compared to the gradually softer language used during the first four reviews.

“We took a closer view of the language adopted by the Fund at the end of the fifth review and inferred a more positive and tangibly confident assessment of the latest performance and near-term economic prospects. The Fund described the authorities’ actions to support financial sector stability as ‘strong,’ while indicating that the authorities made ‘notable strides’ in addressing longstanding challenges in the energy sector,” the research firm stated.

The IMF also concluded that macroeconomic stabilization is taking root, with inflation expected to remain within the Bank of Ghana’s medium-term target range of 8.0% ±2.0%, allowing for gradual monetary policy normalization.

“In our view, this indicates the Fund’s confidence in the durability of Ghana’s disinflation trend and support for the Central Bank’s cautious pivot towards policy rate cuts,” IC Research added.

Looking ahead, the IMF expressed its expectation for positive momentum to continue into 2026. This outlook contrasts sharply with the assessments during the first four reviews, which progressively softened—from “strong” in the first review to “generally strong” in the second, “generally satisfactory” in the third, and culminating in a “marked deterioration” in the fourth review, when most indicators deviated from targets.

The more upbeat tone of the fifth review is expected to facilitate a relatively smooth and favorable consideration by the IMF Executive Board in December 2025, enabling the disbursement of US$385 million to support budget operations and balance of payments.

This support is anticipated to enhance Ghana’s net international reserves, which stood at US$8.4 billion in August 2025—equivalent to 3.6 months of import cover, surpassing the programme target of three months by 2026.

All you need to know about Ghana’s new vehicle number plates |BizTech:

Private legal practitioner Martin Kpebu has urged the Office of the Special Prosecutor (OSP) to initiate a trial in absentia against former Finance Minister Ken Ofori-Atta, insisting that the law permits such action if the accused has been duly informed but fails to appear.

Speaking on Eyewitness News on Thursday, October 30, 2025, Mr. Kpebu dismissed claims that a person must first appear before a court before a trial in absentia can proceed.

“OSP officials are busy saying that they can’t do a trial in absentia because Ofori-Atta should have attended court once before fleeing, which is not our law. Our law — Article 19(3a) — says that if you are informed about a criminal trial and you don’t come, then the trial can go on without you. That is what our constitution says,” he stated.

He added that physical presence in court is not always a prerequisite for prosecution, noting that the former minister could still be tried through virtual means if he remains outside the country.

“It is not the law that the person must always physically come. What we have here is Ofori-Atta, who says he is willing to cooperate with investigators, so take his offer. He said he would do a Zoom call, etc., so take his offer,” he said.

Mr. Kpebu’s comments come in response to the Special Prosecutor, Kissi Agyebeng, who earlier disclosed at a press conference on Thursday, October 30, that his office is collaborating with the Attorney General’s Department to extradite the former Finance Minister as part of ongoing investigations into the controversial Strategic Mobilisation Ghana Limited (SML) contracts.