Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Simon Madjie, has urged Ghanaian businesses to seek restructuring and insolvency services in times of temporary financial difficulty to avert liquidation.

“I want to strongly urge SMEs, state-owned enterprises and even large corporations to seek restructuring support at the first sign of distress and not when their businesses are already on the brink of insolvency,” he advised.

He noted that: “The resilience of our nation’s business environment is not determined by the number of companies that never fail, but how many are able to rise again after facing adversity”.

Speaking at the Annual Public Lecture of the Chartered Institute of Restructuring and Insolvency Practitioners (CIRIP) held in Accra, Madjie cautioned Ghanaian SMEs from making over ambitious expansion plans that are not backed by sufficient financial resources, saying this more often than not leads to liquidity problems.

“Businesses may grow faster than they can sustainably finance. This results in mis-payments to suppliers and creditors,” he stated.

The lecture, themed ‘Unlocking Business Resilience: How CIRA Empowers Companies to Recover from Distress and Thrive’, aimed to build the capacity of insolvency practitioners, the judiciary and financial players to utilise the Corporate Insolvency and Restructuring Act, 2020 (Act 1015).

“The Corporate Insolvency and Restructuring Act, 2020 (Act 1015) is a legal lifeline that offers hope to struggling and viable businesses that would otherwise collapse under the weight of temporary financial difficulty,” he said, highlighting its enactment as an important milestone in Ghana’s quest to create a resilient, supportive and forward-looking business environment.

PWC’s 2021 Report, titled ‘Why Businesses Fail’, identified weak corporate governance as the major cause of business failure in Ghana.

It also revealed that poor oversight, lack of ethical leadership and flawed decision-making weaken stakeholder confidence and expose companies to reputational, market and regulatory risks.

“Many corporate failures can be traced to weak governance, poor board oversight, inadequate controls and unethical practices among parties,” Madjie noted while encouraging businesses to promote the principles of accountability, transparency and stakeholder engagement, which are important principles of good governance.

“Many businesses with strong potential have struggled to see the light of day due to inadequate governance structures,” he decried.

President of Chartered Institute of Restructuring and Insolvency Practitioners, Felix Addo, charged shareholders to appoint competent people to the company’s board of directors, saying, “their choices affect the company directly”.

“Shareholders should make sure the people they appoint to their board of directors are competent and possess the necessary skills. They should understand the duties of a company director and be willing to carry out those duties properly and be accountable at the Annual General Meeting,” he advised.

“Inadequate crisis management is another critical issue. External factors such as strong competition, exchange rate volatility, regulatory interventions and global disruptions can push even best-run businesses into crisis,” he noted.

According to the 2023 PwC Global Crisis Survey, 96% of executives have encountered crisis in the past two years – yet only eight had the foundational elements in place to support resilience.

“Many companies adopt a reactive stance rather than preparing for potential disruptions. Lack of preparedness can turn manageable challenges into severe setbacks,” he noted.

The Corporate Insolvency and Restructuring Act (CIRA) 2020, brings a transformative twist to how corporate issues are addressed in Ghana.

“It was enacted to provide a modern and efficient insolvency and restructuring regime that shifts the focus from liquidation to business rescue,” he said.

“The Act recognises that failure does not have to be final and fatal. Instead, it offers a structured pathway for companies to reorganise, secure temporary protection from creditors and return to viability,” he noted.

Under the law, when a company enters into administration it is granted a moratorium – a temporary legal force that protects it from creditor actions – allowing some time for a qualified Insolvency Practitioner (IP) to conduct a thorough evaluation of the company’s operations, organise financial obligations and make recommendations for the business’s turnaround.

“This makes it easier for distressed companies to access the capital they need to recover and continue operations,” he said.

To serve the multinational companies in Ghana, CIRA incorporates provisions that allow for cooperation between Ghanaian courts and foreign jurisdictions in cross-border insolvency proceedings.

This ensures legal sensitivity for trade and investment and provides a fair and efficient process for managing cross-border insolvencies.

“In anticipation of increased cross-border commercial activity under the African Continental Free Trade Agreement, there is need for a continent-wide protocol on insolvency that is tailored to the reality of African businesses,” he said.

It should offer a harmonised framework that facilitates cooperation among member states in handling insolvency cases.

Four years after its enactment, only three companies have entered administration compared to over 400 liquidations, according to the Office of the Registrar of Companies, signalling less usage of the Act.

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The Committee on Food, Agriculture, and Cocoa Affairs and the Committee on Trade, Industry, and Tourism of Parliament have recommended that Ghana ratify the World Trade Organisation (WTO) Agreement on Fisheries Subsidies.

This move, according to the Committees, aims to promote sustainable marine resource management and curb harmful fisheries subsidies that contribute to overcapacity, overfishing, and Illegal, Unreported, and Unregulated (IUU) fishing.

Moving the report of the Committees on the floor of Parliament for the adoption of the House on Friday, Dr Godfred Seidu Jasaw, Chairman of the Committee on Food, Agriculture, and Cocoa Affairs, said the Committee considered the Agreement a significant step in global efforts to curb harmful fisheries subsidies that contributed to overcapacity, overfishing, and IUU fishing, promoting sustainable marine resource management.

“Mr Speaker, the ratification would also highlight Ghana’s commitment to global cooperation, aligning with its roles as host of the African Continental Free Trade Area (AfCFTA) and as a founding member of the African Union (AU),” he said.

Dr Jasaw, noted that the implications of the ratification included enhancing measures against IUU fishing and other unsustainable fishing practices; improving data collection and reporting on fisheries indicators; increase transparency among WTO members and supporting global efforts to sustainably manage fisheries resources.

The others he noted were the benefit from fair trade practices in both domestic and international markets; contributing to job creation, poverty alleviation, national food security, and good foreign exchange earnings

Among the challenges and concerns the Committee’s report enumerated were potential impact on local fishing communities, particularly small-scale and artisanal fishers who relied on government support such as subsidies on premix fuel, outboard motors, and fishing gear.

“There is the need for careful consideration of domestic implications and mitigating measures to protect vulnerable fishing communities,” the report said.

The Committee recommended that the Ministry of Fisheries and Aquaculture finalised a new Fisheries Bill, which will incorporate the provisions of the WTO Agreement on Fisheries Subsidies.

“The Committee will closely monitor the drafting and passage of the new legislation to ensure it reflects Ghana’s international commitments and socio-economic realities of fishing communities,” the report said.

Some Members of Parliament (MPs) who contributed to the debate on the adoption of the Committee’s report called for sustainable practices with an emphasis on environmentally friendly practices, reduction of plastic waste, and promotion of local materials for fishing gear.

Mr Habib Iddrisu, the New Patriotic Party (NPP) MP for Tolon, seconding the Motion raised concerns about potential effects on fishermen’s livelihoods, with plans to mitigate adverse effects.

Mr Murtala Mohammed, a National Democratic Congress MP for Tamale Central, and the Minister for Environment, Science, Technology, and Innovation, called for investing in infrastructure and equipment to support fishing communities as well as the improvement of working conditions and resources available to officials in these areas.

Madam Emelia Arthur, the Minister for Fisheries and Aquaculture, said the WTO agreement prohibited subsidies to vessels engaged in IUU fishing, relevant to Ghana’s current “yellow card” status from the European Union.

She told Parliament that the expected outcomes of the ratification would include improved sustainability, efficiency, transparency, and cooperation among WTO members, potentially boosting Ghana’s fishing industry.

“Mr Speaker, potential outcomes will improved Industry Sustainability that will enhance measures against IUU fishing and unsustainable practices economic benefits where fair trade practices and sustainable fishing may lead to economic gains and increased Transparency for better data collection and reporting among WTO members,” she said.

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Cedi has appreciated in recent times

Ghana’s local currency, the cedi, continues to appreciate on the interbank market against major trading currencies, particularly the US dollar.

In its daily update, the Bank of Ghana noted that the cedi is trading at a buying price of GH¢10.27 and a selling price of GH¢10.28 to the dollar.

The British pound is being bought at GH¢13.84 and sold at GH¢13.86, while the euro is trading at a buying price of GH¢11.66 and a selling price of GH¢11.67.

Checks by GhanaWeb Business on June 1, 2025, at 7:30 AM indicate that the cedi is trading at GH¢11.50, while the pound is selling at GH¢15.80 at some forex bureaus across the country.

Additionally, the euro is trading at GH¢13.00 on the retail market.

Meanwhile, the Bank of Ghana has announced that Ghana is expected to receive $360 million from the IMF in June 2025 to further stabilise the cedi.

SA

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Lady Reverend Adelaide Heward-Mills

The first lady of the United Denomination originating from the Lighthouse Group of Churches, Lady Reverend Adelaide Heward-Mills, has shared how praying mothers are responsible for the success of many individuals.

Speaking at the Woman Redefined Conference 2025 in Accra, Heward-Mills addressed the challenges women face due to social media’s portrayal of idealized lifestyles.

She noted that such pressures can lead women to feel inadequate if they don’t conform to certain standards. However, she reminded attendees of their worth.

“Now with social media, there’s so much pressure, especially on women, to be this and that. You feel that you are not a slay queen, but you are a queen. You were a queen before you came.

“God has a purpose for your life. And that purpose doesn’t just fall from the scene. It must be birthed in the realm of the spirit,” she said.

She added that the previous generation is responsible for most of the successes many people have and thus, should be recognised.

“Many of us are successful because we had praying mothers. These women would rise every morning, lifting their voices to God, laying the spiritual groundwork for our lives even before we became aware of ourselves,” she stated.

Heward-Mills encouraged women to focus on their God-given purpose and to find strength in the spiritual heritage passed down to them.

The event, organized by the Women’s Rights Centre (WRC), was a dynamic gathering aimed at celebrating and empowering women, particularly within the creative arts and entrepreneurial sectors. Held under the theme “Women’s Empowerment through Creativity and Enterprise,” it brought together diverse participants including female creatives, businesswomen, and stakeholders.

Activities included panel discussions, exhibitions, performances, and networking sessions that highlighted the achievements of women while addressing challenges they face in business and the arts.

The event fostered collaboration, knowledge sharing, and inspiration, reaffirming WRC’s commitment to supporting women’s economic independence and creative expression.

ID/

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A law lecturer at the University of Ghana, Professor Kwadwo Appiagyei-Atua, has criticised the Minority in Parliament for what he described as an overly dramatic protest against the continued detention of Bernard Antwi Boasiako, popularly known as Chairman Wontumi, the Ashanti Regional Chairman of the New Patriotic Party (NPP).

The protest followed Wontumi’s arrest by the Economic and Organised Crime Office (EOCO) on Tuesday, May 27.

Chairman Wontumi was initially detained by the Criminal Investigations Department (CID) of the police before EOCO also held him over other allegations.

Although he was granted bail in the sum of GH¢50 million on Wednesday, May 28, with conditions including two verified sureties, his release has been delayed due to a pending High Court application seeking to review the bail terms. Despite meeting the bail conditions by May 30, the legal process has yet to conclude.

On Thursday, May 29, Minority MPs staged a walkout from Parliament. They later marched to the EOCO headquarters, where they staged a sit-down protest demanding Wontumi’s immediate release on self-recognisance bail, citing his public profile and low flight risk.

However, Professor Appiagyei-Atua, speaking on Channel One TV on Saturday, May 31, dismissed the protest as unnecessary and politically motivated.

“One would have expected that the NPP team would have followed the due process, and that is why I fault the steps they took—leaving Parliament to go and sit down on the floor at EOCO,” he said.

“I think it was needless, just to create some drama and attention, which in the end could have led to lawlessness. Indeed, some lawlessness occurred, considering that a journalist was assaulted. The whole thing was overdramatised,” he added.

He also expressed disappointment that some of the protesting MPs, many of who are lawyers, appeared to have ignored legal protocols in favour of public theatrics.

“Some of these MPs are lawyers, they know the rules, and I don’t know why this time they decided to choose this route, which creates the perception that they want to politicise the situation,” he remarked.

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Citi News can confirm the passing of Joseph Ade Coker, the former Greater Accra Regional Chairman of the National Democratic Congress (NDC).

Though the exact cause of death has not been publicly disclosed, sources indicate that he died after a short illness at the Bank Hospital on Saturday, May 31.

Ade Coker was well-known for his outspoken views on national and political issues and was highly regarded by the NDC grassroots.

He was first elected as Greater Accra Regional Chairman of the NDC in 2009 and went on to serve three consecutive terms. He lost his re-election bid in 2022 to the current regional chairman, Emmanuel Nii Ashie Moore.

Before his tenure in politics, Ade Coker also served as Vice Chairman of the Ghana Football Association, bringing his leadership to the world of sports as well.

His passing marks the loss of a prominent figure in both politics and football administration in Ghana.

President John Dramani Mahama on Friday, May 30, stated that rebuilding the nation requires national unity, determination, and discipline.

He said the task ahead remained herculean but added however that with discipline and commitment, the nation’s progressive and sustainable development could be achieved.

Addressing a durbar of chiefs and people of the Bono Region at the Sunyani Jubilee Park, as part of his “Thank You Tour” to the region, President Mahama said the 2025 budget outlined practicable measures and interventions to restore macroeconomic stability, support small businesses, and drive job creation.

He said: “The work ahead is immense, but with unity, determination, and discipline, we will rebuild our beloved country.

President gave assurance that the Bono Region would be well positioned and would play a central role in his “Resetting” agenda.

“Through job creation, infrastructure investment, agricultural transformation, and rural development, we shall reset our nation,” the President stated.

He called on Ghanaians to rise above partisanship and divisive tendencies, urging a collective effort toward building a better country for all.

President Mahama described his “Thank You Tour” as “more than a gesture of appreciation” saying it represented a renewed commitment and confidence between himself and the people.

“It is a reaffirmation of the trust you have placed in me, and of our shared determination to build a nation worthy of our children and future generations,” the President stated.

President Mahama said the “reset” of Ghana was rooted in restoring national dignity, expanding opportunities, and reviving a shared sense of purpose, saying, “I am happy to say that the programme of resetting Ghana has begun to take shape.”

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A 41-year-old man who was nabbed in connection with 32 vacuum-sealed plant like substances suspected to be cannabis has appeared before an Accra Circuit Court.

Joey Mclaren Hammond is facing charges of conspiracy to commit crime namely, exportation of narcotic drugs without license issued by the Minister responsible for Health, two counts of unlawful possession or control of narcotic drugs with lawful authority.

Hammond’s plea was not taken by the court.

Browne-Frater Chyna Jade is a 22-year-old British national, the first suspect who had earlier on been remanded by another Circuit Court.

Prosecution led by Hilda Craig, Principal State Attorney, prayed the court to remand Hammond.

Defence counsel opposed the prosecution’s prayer, saying Hammond should be admitted to bail.

The Trial Judge, Mr. Isaac Addo, held that looking at the nature of the accusation against Hammond and the severity of punishment, he would decline bail and remanded Hammond into Narcotics Control Commission (NACOC) custody to reappear on June 16, 2025.

The facts before the court are that witnesses are authorised officers of NACOC stationed at Terminal three of Kotoka International Airport in Accra.

The first suspect, Browne-Frater Chyna Jade, is a 22-year-old British national holding a United Kingdom of Great Britain and Northern Ireland passport.

Jade was scheduled to travel on British Airways flight BA 2068 from Accra to London.

The second suspect, Joey Mclaren Hammond, is a Ghanaian businessman residing in East Legon, Accra.

The NACOC received intelligence from its foreign counterparts concerning a drug trafficking syndicate engaged in smuggling Thai-grown and processed cannabis into the Unted Kingdom.

As a result, the first suspect, Jade, became a person of interest and was subsequently placed on the Ghana Immigration Service (GIS) Stop List.

On May 18, 2025, at about 6:40 p.m., GIS officials apprehended the first suspect and handed her over to NACOC officers at the Departure Hall of the airport.

During an initial interrogation, she indicated that she had checked in one suitcase, the contents of which she claimed to be unaware.

Acting on suspicion, NACOC officers traced the checked-in suitcase, which had already been loaded onto the aircraft, and had it offloaded.

Jade was then escorted to the NACOC Office, where the suitcase bearing a baggage tag in her name was opened in her presence. Officers discovered thirty-two (32) vacuum-sealed slabs of a plantlike substance suspected to be narcotics. The total weight of the seized substance was approximately 17. 92 kilograms, with an estimated street value of USD 232,960.

A field test conducted on a sample of the substance turned positive result for delta g tetrahydrocannabinol (THC), the primary psychoactive component in cannabis.

Jade was arrested on suspicion of attempting to export narcotic drugs and was taken to the NACOC Headquarters for further investigation.

Jade, during interrogation, said she had been invited to Ghana by her boyfriend. known only as “Joey.”

She further claimed that on the day of her departure, Joey had packed her suitcase in her absence.

When quizzed further about its contents, she was allegedly told it contained Kpoo Keke alcoholic drink, Alomo Bitters, and assorted spices.

She denied any knowledge of the narcotic substances discovered in her luggage.

Efforts were initiated to locate and apprehend the individual identified as “Joey” to assist with ongoing investigations.

The seized narcotic exhibits were sealed in the presence of the suspect and are to be forwarded to the Ghana Standards Authority for analysis.

On Monday, May 26, 2025, Joey, previously declared at large, was arrested and detained in lawful custody.

He was later identified as Mclaren Hammond who voluntarily presented himself to NACOC in the company of his counsel.

During an identification parade, Jade identified Browne Frater as the one who handed her the intercepted suitcase.

Hammond admitted to knowing Jade, and he briefly hosted her in Tse-Addo, but claimed he had no further contact with her thereafter.

The same day, Hammond was arrested and NACOC officers conducted a search at his residence in East Legon, leading to the recovery of assorted weapons, seven wraps of cannabis, and four (4) partly smoked pieces of cannabis from his bedroom.

A black Range Rover vehicle with registration number GE 1435-25 was also impounded.

During an on-the-spot interrogation, Hammond admitted to using cannabis for recreational purposes.

Investigations are still ongoing.

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Wisdom Kofi Dogbey, Managing Director of the Cocoa Marketing Company

In a strategic move to deepen collaboration and stimulate economic growth, Dr. Wisdom Kofi Dogbey, the newly appointed Managing Director of the Cocoa Marketing Company (CMC), recently paid a visit to OFI Food Ingredients (OFI), a leading manufacturer and exporter of cocoa paste and one of CMC’s key clients.

The visit included an extensive tour of OFI’s modern factory and warehouse in Kumasi, setting the stage for fruitful discussions between the leadership teams of both organizations.

During the visit, Dr. Dogbey emphasized the critical importance of strengthening the partnership between CMC and OFI, underscoring their shared commitment to innovation, quality, and sustainability in cocoa production.

“As two major players in the cocoa sector, we have a unique opportunity to collaborate—not only to expand our businesses but also to make a positive impact on Ghana’s economy,” he stated. He further highlighted the need to explore innovative and effective ways to enhance cooperation and build a more resilient cocoa supply chain.

Key discussion points focused on joint initiatives aimed at improving product quality and leveraging technological advancements to boost operational efficiency. Dr. Dogbey also praised OFI’s dedication to sustainability and corporate social responsibility, noting the strong alignment of values between the two companies. “We are committed to sourcing our cocoa beans responsibly and supporting our farmers in their efforts,” he remarked during the facility tour.

The visit also allowed both leadership teams to exchange valuable insights on global market trends and evolving consumer preferences, emphasizing the need to adapt proactively to maintain competitiveness. Stressing the role of innovation, Dr. Dogbey said, “In today’s fast-changing environment, continuous innovation is essential to enhancing our products and services and securing our position on the world stage.”

OFI’s leadership warmly welcomed the initiative, expressing optimism about the prospects of a closer partnership. An OFI representative noted, “We highly value our relationship with CMC and recognize the crucial role Ghana’s cocoa producers play in our supply chain. Together, we can drive sustainable growth and generate lasting positive impacts in the communities we serve.”

As the visit concluded, both parties reaffirmed their commitment to fostering a collaborative relationship centered on sustainability, innovation, and mutual growth. Dr. Dogbey left OFI’s facility with renewed optimism about the future of Ghana’s cocoa industry, confident that strong partnerships and shared goals will enable both companies to thrive while contributing significantly to national economic development.

This engagement marks a pivotal step toward enhancing Ghana’s cocoa supply chain and positioning the country as a global leader in sustainable cocoa production. With CMC’s ongoing efforts to build strategic alliances with key stakeholders, the vision of a prosperous and resilient cocoa industry is increasingly becoming a reality.

Body of the deceased being transported to the morgue

Residents of the Tema Main Harbour Railways area were left in shock on Friday following a gruesome incident in which a man was reportedly beheaded by a suspect believed to be mentally unstable.

The attacker, identified only as Ali and said to be in his 30s, allegedly decapitated a man believed to be in his mid-50s, who worked as a caretaker in the area.

Eyewitnesses told the Ghana News Agency that Ali carried the severed head in a bag and walked through parts of the community before being apprehended by the police.

He later led officers from the Tema Regional Police Command to the scene where the rest of the body was discovered. The body has since been deposited at the mortuary as investigations continue.

The motive behind the attack remains unclear, and authorities have yet to comment officially on the mental state of the suspect.

Locals expressed horror at the act. One resident, Mr. Isaac Adjei, recalled that Ali had previously worked as a porter, helping offload cargo from trucks near the harbour. However, he noted that “for the past two and a half years, he had started acting insane.”

The community, especially those living in informal settlements around the harbour, remains in shock, with many calling for improved mental health interventions and better security in the area.

Counsellor and motivational speaker Charlotte Oduro

Ghanaian counsellor and motivational speaker Charlotte Oduro has broken her silence following her divorce from Apostle Solomon Oduro, delivering a fiery and unapologetic message to critics and to women navigating similar paths.

In a video originally shared by Zionfelix and sighted by MyNewsGh, Charlotte made it clear that she’s not bowing to societal pressures or church expectations that seek to silence or shame her after the split.

“I’m a woman who will stand firm in who I am, and I still preach. I don’t give a heck who is against me. I didn’t die—I’m alive,” she declared boldly.

The outspoken counsellor positioned herself as a voice for women who refuse to let religion or culture crush their spirits. “I’m a testimony for women who didn’t allow society and the church to destroy them,” she said. “They may not accept you now, but with time, they will celebrate you.”

Addressing those who whisper and judge from afar, she continued, “You don’t need to explain yourself to anybody. Life is not in the hands of people—it’s in the hands of God.”

Charlotte also responded sharply to those mocking her while she continues to preach. “If I’m preaching and I hear women giggling at the back, I will shut you up within a minute. That’s who I am. You won’t distract me.”

Speaking with emotion and passion, she empathized with women weighed down by the shame of divorce. “Sister, I see tears in your eyes. You’ve allowed the voices of men to cripple you and sink into your heart—all because you are divorced. You divorced a man, not God. So what is wrong with you?”

Reflecting on her own experience, she added, “Do you think I wanted to end my marriage? Who wants that? No. But sometimes, it needs to happen. And if it happens—it has happened. Then you move on.”

By Albert Ansah/Ebenezer Annan, GNA 

Accra, May 31, GNA – In a bold step towards minimising the textile waste crisis, a new non-governmental organisation, Reclaim Textile Network (RTN), has been launched in Accra to transform discarded textiles into economic opportunities and sustainable fashion solutions. 

 The RTN aims to mobilise secondary and tertiary institutions as well as persons with disability to reduce textile waste through repurposing, upcycling, repair, and education. 

 Speaking at the launch on Friday, Dr Mrs Christiana Konamah Okai-Mensah, the Founder of RTN, described the initiative as a novelty that sought to clean the environment of waste textiles, harness the creativity of students to enable them to generate income to support their education. 

“Textile waste is more than just an environmental problem. It is also an economic injustice. Reclaim Textile Network is here to build a new model where creativity, circularity, and community drive change, especially among the youth,” she said. 

Dr Okai-Mensah, also a lecturer at the Accra Technical University, said RTN was a forward-thinking decolonial initiative seeking to engage fashion design, artisans, and community members in building a more circular and environmentally conscious fashion ecosystem in Ghana.  

Madam Beatrice Arthur, a Sustainability Advocate, said RTN’s mission highlighted the growing urgency of sustainable practices in the fashion industry in Ghana. 

“We see it in our markets, in our landfills, and on our beaches. But with networks like this, we begin to cut through the noise, mend the damage, and weave new pathways rooted in circularity, dignity, and indigenous knowledge,” she said. 

Madam Arthur called on the public to return to the era of mending, repairing, and reusing, as opposed to discarding and rejecting. 

Madam Leticia Nyaaba, the Acting Director at the Environmental Protection Authority, commended RTN for providing a practical solution to the challenges posed by the second-hand clothing trade. 

“This initiative supports the government’s vision for a circular economy. We need more homegrown innovations like RTN to reimagine waste as a resource,” she noted. 

The event featured an exhibition of upcycled fashion pieces created by young designers who work with second-hand garments.  

Guests were treated to a live demonstration of how torn clothing could be transformed into bags, accessories, and contemporary fashion items. 

 Ghana receives an estimated 15 million garments each week, largely from the Global North, with up to 40 per cent ending up as waste, according to the OR Foundation, which works at the intersection of environmental justice, education and fashion development.  

Much of this waste is dumped in open spaces, landfills, or waterways, exacerbating urban flooding, environmental degradation, and public health concerns. 

GNA 

Edited by Agnes Boye-Doe 

The MD of the Agricultural Development Bank (ADB), Edward Ato Sarpong,

The Managing Director of the Agricultural Development Bank (ADB), Edward Ato Sarpong, has called on manufacturing companies in Ghana to take full advantage of the current conducive economic landscape to drive innovation, competitiveness, and growth in the sector.

Commenting on the 9th Ghana Manufacturing Awards recently held at the Labadi Beach Hotel, Edward Ato Sarpong highlighted the critical role of manufacturing in achieving inclusive and export-led economic transformation.

“The current economic environment presents unique opportunities for local manufacturers to innovate, expand into export markets, and deepen their value chains,” the MD noted. He added that ADB stands ready to partner with the sector through targeted financing and technical support.

“At ADB, we view manufacturing as an essential partner. The bank has long supported diverse areas within the manufacturing industry, including apparel manufacturing. The agricultural value chain is another key area that is so dear to us as a bank,” he said.

“As a bank with a mandate to promote agribusiness, we are committed to supporting viable manufacturing ventures that drive export potential, empower SMEs, and adopt sustainable production practices. Our tailored financing solutions, technical partnerships, and sector-specific products are designed to help local industries grow beyond borders,” he added.

“We believe that supporting agro-processing and industrial innovation is key to reducing post-harvest losses, increasing export earnings, and strengthening food security,” he further stated.

Edward Ato Sarpong also called for effective collaborations with government, policymakers, and other key stakeholders and consistent investment in skills development, infrastructure, and technology to fully unlock Ghana’s manufacturing potential.

The country has witnessed significant appreciation of its currency (the Cedi) recently, with other government policies such as the Big Push expected to serve as a catalyst to facilitate national development. ADB plays a key financial intermediation role in the economic development of Ghana.

Abdul Aziz Issah made his senior national team debut in Ghana’s 4-0 victory over Trinidad &Tobag

Promising Ghanaian midfielder Abdul Aziz Issah made his senior national team debut in Ghana’s 4-0 victory over Trinidad and Tobago in the third-place playoff of the 2025 Unity Cup at the G-Tech Stadium in Brentford, West London.

The Barcelona B player was introduced in the 66th minute, replacing fellow debutant Lawrence Agyekum.

His appearance marked a significant milestone in what has been a fast-rising career.

Issah was rewarded with a call-up by head coach Otto Addo following an impressive campaign with Dreams FC in the CAF Confederation Cup and his pivotal role in Ghana’s U-20 Africa Games gold medal win.

The 19-year-old’s inclusion highlights the technical team’s commitment to integrating young talent into the Black Stars setup.

Ghana bounced back from their 2-1 loss to Nigeria earlier in the tournament with a commanding performance against Trinidad and Tobago.

Goals from captain Jordan Ayew, debutants Razak Simpson, Mohammed Fuseini, and Lawrence Agyekum sealed a comfortable win for the four-time African champions.

Abdul Aziz Issah’s debut adds to his growing reputation and signals a bright future with the national team.

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Michael Oberteye Blog of Saturday, 31 May 2025

Source: Oberteye Michael

Luis Enrique wept tears of joy and emotion as Paris St-Germain delivered the performance of a lifetime to win the Champions League for the first time on a remarkable night in Munich.

And, as PSG outclassed Inter Milan for a historic 5-0 victory, brilliant teenager Desire Doue confirmed his status as one half of a new duo of young superstars – alongside Barcelona’s Lamine Yamal – who have the genius to dominate the game for years to come.

The poignant human story was PSG coach Luis Enrique, who became only the sixth coach to win this tournament with two different clubs after his triumph with Barcelona in 2015.

The sporting story was one of the finest team displays in the history of this tournament, in this and its previous guise of the European Cup, with generational teenage talent Doue as its centrepiece.

On the most important night of a career, Doue made the biggest stage in European club football his playground.

This was also a win heavy with significance and meaning for 55-year-old Asturian Luis Enrique, beyond the glory of the brutal beauty of this PSG triumph that finally brought the giant Champions League trophy to The City Of Light.

The man who has transformed PSG has spoken about how he helped his daughter Xana plant a Barcelona flag in the centre circle after that 2015 triumph over Juventus in Berlin.

He said he hoped he might make the same gesture here in her memory after she died from a rare form of bone cancer aged nine in 2019.

In the afterglow of victory, he pulled on a t-shirt bearing an image of himself and his daughter planting a PSG flag.

And then, in a moment of raw emotion, PSG’s “Ultras” unfurled their own tribute – a giant flag emblazoned with an image of father and daughter, in the French club’s shirt, planting a flag.

It was a wonderful gesture on a joyful night for PSG in Munich, when all their agonies as they chased the Champions League were washed away in one of the greatest displays any team has produced in a European final.

“I’m very happy. It was very emotional at the end with the banner from the fans for my family. But I always think about my daughter,” said Luis Enrique.

“Since day one, I said I wanted to win important trophies, and Paris had never won the Champions League. We did it for the first time. It’s a great feeling to make many people happy.”

Chief Executive Officer of Goldboard, Sammy Gyamfi

GoldBoard’s Chief Executive Officer, Sammy Gyamfi, has earned high praise from President John Mahama for the institution’s outstanding achievements since its inception.

Launched on April 2, 2025, the Ghana GoldBoard has swiftly established itself as a formidable force in the gold trading sector, with its mandate to oversee and regulate gold trading activities in the country yielding impressive results.

President Mahama, speaking at a recent event in the Ahafo Region as part of his national “Thank You” tour, lavished praise on Gyamfi’s leadership, declaring, “Mr. Sammy Gyamfi is the Chief Executive of the Ghana Goldbod that is doing wonders already.”

This glowing endorsement is a prove to the institution’s remarkable strides, which have garnered widespread public support and admiration.

The GoldBoard’s impressive performance has been accompanied by a significant strengthening of the local currency, with the cedi appreciating substantially against the US dollar.

From a high of nearly GH¢16 to the dollar last year, the cedi has now stabilized at around GH¢10 to the dollar, a development that has been met with optimism by citizens and market observers alike.

The Governor of the Bank of Ghana, Dr. Johnson Asiama, has reaffirmed the central bank’s commitment to sustaining the cedi’s rebound, emphasizing ongoing efforts to bolster the local currency and maintain its competitiveness in the global market.

The institution’s remarkable achievements under Sammy Gyamfi thus far are a powerful indicator of its potential to drive economic growth and development in Ghana, and its future prospects appear bright.