By Dorothy Frances Ward

Kumasi, June 16, GNA – The University of Education, Winneba Co-operative Credit Union (UEWCCU) has embarked on a tree-planting exercise at the Kumasi campus of the Akenten Appiah-Menkah University of Skills Training and Entrepreneurial Development (AAMUSTED), as part of its Corporate Social Responsibility (CSR) efforts.

Led by Mr. Isaac Nii Amatey, Branch Manager of the UEWCCU at AAMUSTED, the exercise saw the planting of various fruit-bearing and shade trees, including coconut, mango, and orange seedlings.

The initiative was extended to the nearby Anglican Basic School, reflecting the Union’s broader commitment to environmental conservation and community engagement.

This greening effort also aligns with the Government of Ghana’s national ‘Tree for Life’ initiative, which aims to plant 30 million trees between June 5 and 30, 2025.

The national initiative seeks to restore approximately seven million hectares of degraded land and strengthen the country’s fight against climate change.

Mr. Amatey expressed satisfaction at the Union’s active role in supporting the government’s green initiative while also enhancing the natural landscape of AAMUSTED.

He emphasized that the Union is especially proud to contribute to environmental sustainability within its host institution.

“We have deliberately focused on planting mainly fruit-bearing seedlings so that the thousands of students of AAMUSTED could have easy access to them for their nutrition and good health,” he explained.

He also assured the university community that the Credit Union would collaborate with AAMUSTED authorities to nurture the seedlings to full maturity.

As an initial step, the UEWCCU will sponsor the installation of protective wire mesh fencing around the planted seedlings to guard against damage from animals.

Mr. Michael Kofi Twum-Ampomah, Acting Director of Public Affairs at AAMUSTED, received the donation and extended the University’s sincere appreciation to the Credit Union for the impactful gesture.

He lauded UEWCCU’s ongoing commitment to environmental sustainability and community service, noting that this latest initiative builds on the Union’s previous support to the University.

These past contributions include the donation of chairs to the AAMUSTED Clinic and the provision of equipment to Mynd FM, the campus-based radio station.

Mr. Twum-Ampomah highlighted the strong and mutually beneficial relationship between the University and the UEWCCU, whose membership is made up largely of AAMUSTED staff.

He expressed confidence that the partnership would continue to flourish, especially as the Credit Union continues to provide essential financial services such as savings and loan schemes to university staff.

GNA

Edited by Yussif Ibrahim/Kenneth Odeng Adade

Fuel prices have reduced at the pumps as of June 16, 2025

A Senior Research Fellow and development economist at the Institute of Economic Research and Public Policy (IERPP), Dr Kwasi Nyame-Baafi, has noted that the recent increase in global oil prices will impact fuel prices in Ghana.

According to him, the gains Ghana recorded in recent months were largely due to developments in the global oil market—not domestic policy interventions.

His comments follow the government’s decision to postpone the implementation of the GH¢1 Energy Sector Levy, popularly referred to as the “Dumsor Tax,” citing global market volatility as the reason.

“When I pointed out on June 4, 2025, that the drop in fuel prices in Ghana was largely driven by falling global oil prices, not domestic policy decisions, I was vilified by some within the NDC,” he stated.

“When I warned that the GH¢1 ‘Dumsor Tax’ was flawed and would ultimately backfire once global oil prices rose again, I was labelled an ‘economist of doom.’ But what are we seeing today?

“The government has now been forced to suspend the Dumsor Levy due to rising global oil prices triggered by an exogenous shock, an event completely beyond our control. This surge will inevitably be reflected in local fuel prices. Only God knows how long it will last,” he was quoted by 3news.com.

Dr Nyame-Baafi also raised concerns about the recent appreciation of the Ghanaian cedi, calling it artificial and unsustainable.

He explained that the cedi’s performance is being propped up by temporary external factors, such as the recent spike in global gold prices, trends that may not persist.

“Let me repeat what I’ve said before: this artificial over-appreciation of the cedi is not sustainable. Forcing the Bank of Ghana to maintain an exchange rate of 10 cedis to the dollar is both costly and economically unwise. Let’s be honest—manipulating the exchange rate only delays the inevitable. It undermines export competitiveness, risks depleting our reserves, and leaves us more vulnerable to external shocks in the long term.

“High gold prices will not last forever,” he cautioned.

Meanwhile, Oil Marketing Companies (OMCs) have responded to the postponement of the levy by reducing prices of petroleum products at the pumps, effective today, June 16, 2025.

SSD/MA

THERE’S no doubt Ghanaian Dancehall artiste Epixode has a strong stage presence. Anytime he picks the mic, especially during live performances, he leaves nothing but a lasting impression behind.

In fact, his performance transcends just the music; he engages the crowd with direct interaction, powerful body language, and an emotional connection that resonates deeply. 

In a chat with Graphic Showbiz on Monday, June 9, about the inspiration behind his stagecraft, the Atia singer emphasised that an artiste’s relevance hinged on constant skill development, particularly in live performances. 

He believes that mastering this aspect is crucial for a sustainable career in the industry. “I think it’s essential for every artiste and their team to invest in developing that side of the craft. An artiste’s longevity often depends on their ability to engage and entertain live audiences,” he added. (Read I want to do a show with Shatta Wale before I die – Agya Koo Nimo)

Epixode, however, admits the hurdles artistes face when performing with live bands. He reflected on the evolution of live music in Ghana, noting that many young artistes today lacked the experience needed for compelling live performances. 

“Many artistes struggle with this because live performances weren’t common during our formative years. Luckily, I come from a background where live music was integral, and I see the importance of honing this skill,” he said.

Nonetheless, he goes on to acknowledge the diverse strengths among musicians—some excel in the studio, others in songwriting, and some shine on stage. Epixode considers himself fortunate to be recognised as one of Ghana’s top live performers.

“Every artiste has their strengths. Some might be great in the booth, while others thrive in writing or performing. It’s a blessing to be acknowledged among the best performers in Ghana.

Moving away from live performances, Epixode touched on his recent win of the Music for Good Award at the Ghana Music Awards.

According to Epixode, who also aimed to use his music to inspire and address social issues, he saw the award as a significant accolade. He views the recognition not merely as a personal achievement but as a validation of his commitment to meaningful artistry.

“Winning the Music for Good Award is huge for me as a growing artiste. While many songs are crafted for dancing and enjoyment, I believe music should also serve deeper purposes–healing and conveying essential messages. I’m proud to use my lyrics and melodies to highlight pressing societal issues,” he commented.

Touching on his latest single, Millions, Epixode, real name Theophilus Nii Arday Otoo, said the song was about the universal drive for success.

“Millions is a Dancehall anthem about the pursuit of big dreams—similar to the common saying, ‘I want money; I want to be big.’ For me, ‘I want millions’ signifies more than just monetary wealth; it represents success in all aspects of life. The line ‘we pray for millions’ embodies these ambitions,” he explained.

Africa World Airlines (AWA) has announced a revised commencement date for its highly anticipated Accra to Ouagadougou route.

Originally slated to begin operations on June 3, 2025, the airline has postponed the launch to July 1, 2025, citing factors beyond its control.

In an official statement, AWA reaffirmed its commitment to enhancing regional connectivity and providing reliable air travel across West Africa.

The airline expressed appreciation for the patience and understanding of its customers and partners during the delay.

Passengers and stakeholders are encouraged to stay updated on further developments through AWA’s official website at [www.flyafricaworld.com](http://www.flyafricaworld.com) and the airline’s social media platforms.

Collins Adomako-Mensah is the Deputy Ranking Member of Parliament’s Energy Committee

Deputy Ranking Member of Parliament’s Energy Committee, Collins Adomako-Mensah, has warned that Ghana’s economy could face significant challenges if the conflict between Israel and Iran escalates.

He stated that the country’s heavy reliance on imported petroleum products makes it particularly vulnerable to external shocks, potentially triggering fuel price hikes and broader inflationary pressures.

Speaking on Channel One TV on June 16, 2025, Adomako-Mensah highlighted the potential economic implications of the Israel-Iran conflict on Ghana, emphasising the risks tied to the country’s energy dependency.

He noted that the conflict had already begun to disrupt international travel.

“Just yesterday, because of this, there were major disruptions to international travel. These are two oil-producing countries, and the conflict is definitely going to impact global oil prices,” he said.

Adomako-Mensah cautioned that prolonged hostilities between Israel and Iran would place increasing strain on Ghana’s economy, and he advocated for urgent diplomatic efforts to prevent further escalation.

DR/MA

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Dr Zakari Mumuni, First Deputy Governor of the Bank of Ghana

The Bank of Ghana anticipates a decline in inflation rates in the near future, driven by the strict monetary policies currently in place.

First Deputy Governor of the Bank of Ghana, Dr Zakari Mumuni, stated that the country’s inflation rate is projected to decline further toward the year-end target of 12%, as a result of the Bank’s tight monetary policy stance.

Dr Mumuni made these remarks while speaking at the Ghana Diaspora Investment Forum in Accra.

He highlighted the improved macroeconomic environment as a key factor that will support the reduction in inflation.

“Macroeconomic fundamentals are projected to improve further to create a business-friendly environment for investors, while growth is projected to remain strong throughout the year,” he said.

The First Deputy BoG Governor also noted that remittance inflows have become vital to Ghana’s foreign exchange reserves.

He also expects that ongoing reforms to tighten foreign exchange rules will help reduce remittance costs.

Dr Zakari stated that the Bank of Ghana has enhanced security and transparency measures to encourage greater investment from diaspora communities.

He further mentioned that the Central Bank will continue to develop innovative financial solutions tailored to the needs of the diaspora, to facilitate their investments and settlement plans.

DR/MA

Supreme Court nominee Justice Senyo Dzamefe has made it clear that he does not support calls to review the retirement age for judges of the Supreme Court and the Court of Appeal from 70 to 75.

Appearing before Parliament’s Appointments Committee for vetting on Monday, 16 June, Justice Dzamefe said he strongly believes the current retirement age of 70 should be maintained.

“I will not agree with sending the retirement ages of Supreme Court or Appeal Court judges to 75. No,” he said. “The retirement age as at now is 70. Superior court judges retire on their salaries.”

He explained that traditionally, age and experience were important factors in judicial work, but technology has changed that reality.

“Formally, you need to be advanced in age to get the experience and the exposure so that when you give judgment, it is respected. It is a solid judgment because you’re adding personal experience to the legal knowledge you have,” he said.

“But of late, technology has made it such that what you needed 60 or 70 years to know, technology can make it available to you very early,” he explained. “So personally, my opinion is to keep it at 70. That is my opinion, not 75.”

Justice Dzamefe also shared his view that judges should retire while still strong and in good health so they can continue to serve the justice system in other ways.

“I want judges to retire very healthy, and then we can use them for other purposes, like assessors. They can help the judiciary or the service in other forms, like helping to filter out cases,” he added.

“So I think we maintain it at the 70 as at now. That is my opinion,” he said.

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.

Ryan Taylor (L) says DJ Cuppy (R) isn’t a woman enough to mother his child

Ryan Taylor, the ex-boyfriend of popular disc jockey DJ Cuppy, has stirred controversy online following a comment he made on social media after posting a photo of himself with his child.

On Father’s Day, June 15, 2025, Ryan Taylor took to Instagram to share pictures of himself with his child. In the post, the YouTuber and former boxer expressed a desire to address racial issues for the sake of his child.

“I’m gonna solve racism one black baby at a time. Happy Father’s Day!!!” he wrote.

Following the post, a fan commented that the child bore a resemblance to Ryan’s ex-girlfriend, DJ Cuppy.

In response, Ryan threw shade at Cuppy, stating that she wasn’t “woman enough” to mother his child.

“She wasn’t enough of a woman to even fathom creating such a beautiful creation like mine. Please leave and don’t come back,” he replied.

His comment quickly drew backlash on social media, with many users criticising his statements.

One user wrote: “You think it’s only Nigerians dragging you? See person wey be like tripod stand… As a Ghanaian, I don’t blame you. It’s Cuppy that settled for less. See nose like he supplies the whole of Accra with carbon dioxide. Banku feeling funky.”

Another user, Folu, added: “I literally blame Cuppy for settling for someone like you. She had no business pitying you enough to date you, but she did. You can’t even measure up to her. She’s driven, beautiful, educated, and talented.

It’s your loss, not hers. Also, your caption isn’t very sound, it’s actually extremely weird. Black babies don’t need to be ‘saved’ by you. Work on yourself first. Ojuelegba Mike Tyson.”

Read the post below:

JHM/EB

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The slight depreciation has been partially attributed to a shortage of dollars on the market

The local currency, the cedi, has depreciated marginally on the interbank market against major trading currencies, particularly the US dollar.

The depreciation has been partially attributed to a shortage of dollars on the market.

In its daily update, the Bank of Ghana noted that the cedi is trading at a buying price of GH¢10.34 and a selling price of GH¢10.35 to the dollar.

The British pound is being bought at GH¢14.06 and sold at GH¢14.08, while the euro is trading at a buying price of GH¢11.96 and a selling price of GH¢11.97.

Checks by GhanaWeb Business on June 16, 2025, at 8:00 AM indicate that the cedi is trading at GH¢11.95 to the dollar, while the pound is selling at GH¢16.70 at some forex bureaus across the country. Additionally, the euro is trading at GH¢14.60 on the retail market.

Social media users who have been closely monitoring the cedi’s performance have expressed both shock and confusion over the recent marginal depreciation.

Some have also questioned the Bank of Ghana’s strategy, lamenting the persistent dollar shortage on the market.

See some reactions below:

I suggested last week ( when the Israel-Iran war had Not started yet ) that the Bank Of Ghana should drop the dollar more to about 7 or 8 cedis, so that if there’s any unforeseen situations, it will move to about 9 or 10.

— MUBARAK 🌍 (@Mubarakmozac) June 16, 2025

With this rate how can the price of goods be reduced because business owners will know that the dollar will go back again so he or she won’t reduce the prices

— Property (@Property1297575) June 16, 2025

It’s depreciating Yie

— MCFC SELORM💙 (@tema_strika) June 16, 2025

Low key it’s affecting my business but since it’s best for the economy at a long round. I’m cool, just hurt it’s not affecting the sales market. My clients outside pay and I don’t get high reflections in the cedis here.

— Tha godz creations (@godsladnan) June 16, 2025

Ei ei ei ei ei ei

So with all the resources God has blessed us , 10 cedis is our best err

Charley we dont like what you guys are doing

— Ransford Asante (@kinglucasJRR) June 16, 2025

Charlie we the online gamers aren’t happy with how the dollar is going oooo oh Aden if we cash out big. It will be small ooooo Arh Charlie

— Satan Company 💀☠️🇬🇭🇯🇲🇺🇸🇨🇦 (@evils_only) June 16, 2025

Now that the grace period has ended, reality is beginning to sink in. 🤣🤣

— Nhyiraba Patriot 🇫🇷🐘 (@BlesskJb) June 16, 2025

SSD/MA

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File photo of a thunderstorm

The Ghana Meteorological Agency (GMet) has urged the public and residents of low-lying areas along the coastal regions of Ghana to be wary of possible floods as it projects more rains from late afternoon to evening on June 16, 2025.

According to a report on GMet’s X Account on June 16, 2025, it stated that the southern Ghana, especially areas along the coast, is currently experiencing widespread low clouds.

“What are flash floods? Sudden floods that happen quickly after heavy rain, especially in low-lying or poorly drained areas. Stay safe and avoid floodwaters, move to higher ground, unplug appliances,” post stated.

In a subsequent, update it predicted more rain later in the day.

“As indicated earlier in the evening forecast, low clouds have engulfed southern Ghana particularly over areas along the coast. These clouds are expected to produce pockets of rain with varying intensity within southern Ghana tonight,” the post stated.

This aligns with earlier forecasts, which predicted pockets of rainfall of varying intensities throughout the night.

The presence of these low-lying clouds indicates a likelihood of precipitation across the southern regions.

While specific areas and rainfall amounts will vary, the GMet advises the public to be prepared for wet conditions, with specific caution to residents of flood prone areas.

GMet assured that it will offer further updates as the situation evolves.

It has urged the public to stay informed through official channels for the latest weather information.

See pictorial update below

⚠️ What are Flash Floods?

Sudden floods that happen quickly after heavy rain, especially in low-lying or poorly drained areas.

🚨 Stay safe:

• Avoid floodwaters

• Move to higher ground

• Unplug appliances if safe#GMet #FlashFloodAlert #StaySafe #GhanaWeather

— Ghana Meteorological Agency (@GhanaMet) June 15, 2025

MRA/MA

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The front view of the new banking hall

OmniBSIC Bank, one of Ghana’s fastest-growing financial services providers, has officially relocated its Osu branch to a more spacious and customer-friendly premises on Osu Oxford Street.

The new location is situated directly opposite SAS Jewellery, on the Osu Oxford Street marking a significant step in the Bank’s commitment to improving service delivery and client experience.

Previously located in the same vicinity, the move forms part of OmniBSIC Bank’s broader strategy to modernise its operations and enhance convenience for its customers. The new branch, housed in a one-story building, features a larger seating area designed to accommodate more clients comfortably and efficiently.

Branch Manager, Gifty Adubia Siaw, confirmed that the relocation is intended to provide an improved banking experience for customers. “In our bid to serve our cherished customers better, this relocation is not just a change of address but an enhancement in our services. The new environment is more welcoming, and with additional staff and improved security, we are prepared to meet our growing customer needs with speed and professionalism,” she said.

Additionally, the Bank has strengthened its security presence to provide a safer banking environment for all clients.

Divisional Head at OmniBSIC Bank, George Tetteh Ocansey, underscored the Bank’s customer-centric mission, stating, “This move reflects our dedication to excellence in banking. We listened to customer feedback and responded with action. The Osu community deserves a banking experience that is not only efficient but also enjoyable, and this new branch is designed to deliver just that.”

As part of its operational enhancements, OmniBSIC Bank continues to roll out customer-focused solutions while maintaining high standards of safety, reliability, and financial inclusion. Known for its tagline, “OmniBSIC Bank… Not Just Another Bank,” the institution continues to distinguish itself through personalised services and innovation.

“Customers are encouraged to visit the branch at its new location for all their banking needs, where they will be welcomed by familiar faces in an upgraded setting that promises a superior service experience,” the branch manager added.

A Business Desk Report

A greater opportunity is now opened to Ghanaians who are interested in the real estate market

In recent months, Ghana and the outside world watched with expectation and deliberation as the Ghana Cedi gained a steady appreciation against major international currencies, particularly the US Dollar.

While this may be considered a complex economic phenomenon – with many factors at play – it presents a golden opportunity, especially for Cedi earners, to invest in real estate.

For those looking to buy their dream home or upgrade from their current neighborhood to a more refined, serene environment, this is a rare moment to make it happen. But why so?

Increasing purchasing power for Cedi Earners

A greater opportunity is now opened to Ghanaians who are interested in the real estate market but have felt priced out of the market. With the increase in the value of the Cedi, it essentially means that individuals can buy foreign-denominated products and services at a lesser price but same value.

For instance, in November 2024, the US Dollar sold at a rate of GH¢16.50 (according to the existing Stanbic Bank exchange rate). That meant that a two-bedroom apartment at Alphabet City, priced at $100,000 exchanged at GH¢1,650,000. However, that same property (as at June 10 2025) is handsomely priced at GH¢1,050,000.00 due to the renewed strength of the Cedi.

For some Ghanaians who earn their income in Cedi, the strengthening of the cedi places them at the financial position to afford homes without breaking the bank.

Lower Inflation, Low Interest Rates

Reduced inflation is one of the resultant effects of a currency appreciation. With inflation under control, interest rate may gradually decrease, hence mortgage and property loans become more affordable. Cedi earners can enjoy better lending terms and improved accessibility to a wider range of financing options for home purchases or real estate investment.

Another impact Cedi earners should look forward to is the possibility of attractive rates for cedi-denominated loans from banks. This will give local buyers a competitive edge over foreign investors who may face higher transactional costs due to currency conversions.

Reduced Currency Risk for Local Investors

Cedi volatility has been a longstanding challenge to local investors, and a mismatch between income and investment currency exposes buyers to exchange rate risk. However, with a stable or appreciating Cedi, local investors are better shielded from these uncertainties. This reduced risk reassures Cedi earners and enables them plan and commit to long-term real estate investing.

Strategic Timing for First Time Buyers

First Time buyers with Cedi incomes should view this upward trend of the currency as a strategic window. Properties prices may remain stable or slightly adjusted while borrowing conditions are likely to become more favorable. With a stronger and stable Cedi coupled with an improved macro-economy, now is the time to act.

Whether you are buying to live in, rent out or hold as an investment, entering the real estate market during a phase of currency strength gives you more value and flexibility.

Final Thoughts: Seize the Moment

The Cedi appreciation is more than just a microeconomic headline. It is a strategic advantage to enter or expand into the real estate market. It represents a shift towards affordability, reduced risk and interest accessibility to quality housing options. In a dynamic economy, timing is everything. Now is the time to act.

Fuel prices drop as the second pricing window of June 2025 opens

As the second pricing window of June 2025 opens on Monday, June 16, 2025, motorists and private car owners can heave a sigh of relief as petroleum product prices drop marginally at the pumps.

The decline follows the continued appreciation of the cedi against the US dollar on the interbank and forex markets.

Checks by GhanaWeb Business reveal that, as of Monday, June 16, 2025, at 9:00 AM, GOIL, the leading oil marketing company, has adjusted its prices to reflect the cedi’s gains.

Meanwhile, some selected Oil Marketing Companies are quoting petrol at GH¢10.99 per litre.

The new rates are as follows:

• Super XP is selling at GH¢12.38

• Diesel XP is selling at GH¢12.88

• Super XP/RON 95 is selling at GH¢14.34

TotalEnergies has also revised its prices from the previous pricing window in May 2025:

• Super XP is selling at GH¢12.40

• Diesel XP is selling at GH¢12.90

• RON 95 is selling at GH¢16.10

Additionally, some smaller OMCs have adjusted their prices in line with GOIL’s new rates.

At Star Oil stations, petrol is now selling at GH¢11.77, down from GH¢12.49, while RON 95 is selling at GH¢13.99.

Allied Oil is offering Super XP at GH¢11.45 and Diesel XP at GH¢12.75.

Frimps Oil is selling Super XP at GH¢11.48 and Diesel at GH¢12.55.

SP/MA

#TrendingGH: Drivers react to government’s new GH¢1 energy levy on petroleum products