The Chamber of Digital Assets and Blockchain Innovation Ghana (CDABI-GH) has described the passage of Ghana’s Virtual Asset Service Providers Bill as a defining moment that moves the country from regulatory uncertainty to institutional clarity, signalling confidence to investors, innovators and consumers alike.

In a statement issued in Accra, the Chamber praised the Bank of Ghana, the Securities and Exchange Commission and Parliament for what it described as a historic intervention that positions Ghana as a responsible and investable digital asset jurisdiction.

“When law meets innovation, confidence is born,” the statement said, adding that Ghana has now sent a clear message to the global market that while innovation is welcome, responsibility remains non negotiable.

The Chamber commended the Governor of the Bank of Ghana, the VASP policy and technical teams, as well as the Director General of the Securities and Exchange Commission and their respective professionals, for what it described as discipline, foresight and unwavering commitment to the national interest. According to the Chamber, their work has transformed a fast moving and complex digital frontier into a governed and credible ecosystem.

“This Act is more than a law. It is a signal. A signal to innovators that Ghana is open. A signal to investors that Ghana is safe. A signal to citizens that Ghana is protected,” the statement noted.

CDABI Ghana said the new Virtual Asset Act provides the clarity markets require, the safeguards consumers deserve and the structure regulators need to supervise the sector with confidence, marking a shift from experimentation to institution and from ambiguity to certainty.

The Chamber also lauded Parliament for what it described as diligence, courage and statesmanship in passing the legislation, noting that lawmakers chose thoughtful regulation over delay and national progress over hesitation.

“History will remember this moment. Because nations do not become digital leaders by chance. They become leaders by choice,” the statement said.

As an industry partner and national stakeholder, the Chamber reaffirmed its commitment to supporting the Bank of Ghana and the Securities and Exchange Commission during the implementation phase of the law. It said it stands ready to advance compliance, build capacity, educate market participants and promote responsible innovation across the digital asset ecosystem.

“Ghana has drawn the line. Innovate boldly. Operate responsibly. Grow sustainably,” the Chamber stated, describing the legislation as the foundation for trust, market maturity and long term digital growth.

Read the entire statement below;

FOR IMMEDIATE RELEASE

CHAMBER OF DIGITAL ASSETS AND BLOCKCHAIN INNOVATION (CDABI-GH)

Accra, Ghana

FROM UNCERTAINTY TO CLARITY: GHANA WRITES DIGITAL HISTORY

“When law meets innovation, confidence is born.”

The Chamber of Digital Assets and Blockchain Innovation (CDABI-GH) extends its highest commendation and deep appreciation to the Bank of Ghana, the Securities and Exchange Commission, and the Parliament of Ghana for the historic passage of Ghana’s Virtual Asset legislation.

Today, Ghana has spoken clearly to the world: innovation is welcome, but responsibility is non-negotiable.

We particularly applaud the Governor of the Bank of Ghana and the VASP policy and technical teams, alongside the Director-General of the Securities and Exchange Commission and his dedicated professionals, for their discipline, foresight, and unwavering commitment to national interest. Their work has transformed a complex, fast-moving frontier into a governed, credible, and investable ecosystem.

This Act is more than a law. It is a signal.
A signal to innovators that Ghana is open.
A signal to investors that Ghana is safe.
A signal to citizens that Ghana is protected.

With this landmark framework, Ghana has moved from experimentation to institution, from ambiguity to certainty, and from promise to policy. The Virtual Asset Act provides the clarity markets require, the safeguards consumers deserve, and the structure regulators need to supervise with confidence.

The Chamber also salutes Parliament for its diligence, courage, and statesmanship. By choosing thoughtful regulation over delay, and national progress over hesitation, Parliament has ensured that Ghana will not chase the future—but shape it.

History will remember this moment.
Because nations do not become digital leaders by chance.
They become leaders by choice.

As an industry partner and national stakeholder, CDABI-GH reaffirms its full commitment to supporting the Bank of Ghana and the Securities and Exchange Commission during implementation. We stand ready to advance compliance, build capacity, educate market participants, and promote responsible innovation across the ecosystem.

Ghana has drawn the line.
Innovate boldly. Operate responsibly. Grow sustainably.

This is how trust is built.
This is how markets mature.
This is how the future is secured.

— ENDS —

Media Contact:
Communications Directorate
Chamber of Digital Assets and Blockchain Innovation (CDABI-GH)
Telephone:+233 54 013 1234
Email: [email protected]

By Yussif Ibrahim, GNA 

Kumasi, Dec. 23, GNA – Dr. Yaw Osei Adutwum, former Minister for Education, has challenged Ghanaian youth to be critical consumers of political communication, warning that, much of the negativity dominating political discourse is deliberately crafted to influence votes rather than reflect reality. 

Addressing graduates at the 49th Congregation Ceremony of Christian Service University, Dr. Adutwum said young people risked losing focus and hope if they unquestioningly accept political narratives that portrayed Ghana as a nation in perpetual crisis. 

According to him, political actors, especially during election seasons, often exaggerated problems, distorted facts, and spread fear to win power, a strategy that left the youth confused, disillusioned, and distracted from pursuing opportunities. 

“Politicians will tell you the sky is falling and that nothing is working,” he said, stressing that such messages were not always rooted in truth but designed to emotionally manipulate voters, particularly first-time and undecided young voters. 

Dr. Adutwum urged young Ghanaians to interrogate political messages, verify claims, and distinguish between propaganda and evidence-based governance outcomes.  

He cautioned that consuming political information uncritically could make young people pessimistic and inactive at a time when the country needed their energy and innovation. 

Despite Ghana’s challenges, the former Minister maintained that the country’s future remained bright, insisting that progress should not be ignored simply because of partisan competition.  

He called on the youth to focus on solutions, opportunities, and national development rather than political bitterness. 

“The future of Ghana belongs to the youth,” he said, adding that, meaningful change would come not from political noise but from informed, engaged citizens who demanded accountability, while also contributing positively to society. 

Touching on education and social equity, Dr. Adutwum highlighted Ghana’s success in achieving gender parity at the secondary education level, crediting the Free Senior High School policy for removing long-standing barriers that disadvantaged girls. 

However, he challenged universities and policymakers to confront subtle inequalities that persist at higher levels of education, particularly in course selection, where young women remained underrepresented in science, technology, engineering, and mathematics programmes. 

He warned that political debates must move beyond slogans and focus on preparing the youth for a rapidly changing global economy driven by the Fourth Industrial Revolution, where traditional career paths were disappearing and adaptability was key. 

Dr. Adutwum called on universities to redesign curricula to equip students with critical thinking, communication, and problem-solving skills that would allow them to navigate multiple careers over their lifetime. 

He expressed confidence in Christian Service University’s ability to produce graduates who were not only employable but politically conscious. 

GNA 

Edited by Kwabia Owusu-Mensah/Linda Asante Agyei 

The Ghana cedi has recorded some marginal gains against major trading currencies ahead of Christmas day.

Data from the Bank of Ghana show that the cedi is trading at GH¢11.42 to the US dollar on the interbank market as of December 23, 2025.

However, a weaker cedi typically leads to higher prices for imported goods, such as food, clothing, electronics, and household items, which increases the cost of Christmas and New Year celebrations.

Fuel prices may also rise since petroleum products are imported in dollars, potentially leading to higher transportation costs and increased expenses for businesses.

Overall, the continued depreciation is expected to reduce purchasing power and place additional strain on household budgets.

Cedi holds at GH¢11.51 to $1, a week to Christmas

Here’s how the cedi is faring on the Bank of Ghana interbank market:

⦁Dollar – Buying at GH¢11.41, Selling at GH¢11.42

⦁Pound – Buying at GH¢15.35, Selling at GH¢15.36

⦁Euro – Buying at GH¢13.42, Selling at GH¢13.44

Here’s how the cedi is trading at the forex bureaus:

⦁Dollar – Buying at GH¢12.10, Selling at GH¢12.45

⦁Pound – Buying at GH¢15.90, Selling at GH¢16.80

⦁Euro – Buying at GH¢13.90, Selling at GH¢14.80

SP/EB

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

Nigeria began their quest for a fourth Africa Cup of Nations (Afcon) title with a hard-fought victory over Tanzania in wet conditions in Fes.

The Super Eagles took the lead in the 36th minute when defender Semi Ajayi glanced home a header from Alex Iwobi’s inviting right-wing cross.

Nigeria largely controlled proceedings in the first half and went close to doubling their advantage before the break, only for Samuel Chukwueze’s deflected effort to be tipped over the bar by Tanzania goalkeeper Zuberi Foba.

Tanzania responded shortly after the restart, drawing level in the 50th minute as Charles M’Mombwa side-footed in a lofted left-wing delivery from Novatus Miroshi.

Just two minutes later, former African Footballer of the Year Ademola Lookman restored the lead for the West Africans, cleverly shifting the ball from his right to his left before firing an unstoppable shot into the top-right corner to secure all three points for Eric Chelle’s side.

Nigeria will now look to seal early qualification for the round of 16 when they face Tunisia in their next Group C fixture in Fes on Saturday, while Tanzania travel to Rabat for an all–East Africa encounter against Uganda.

Nigeria have not lifted the Afcon trophy since 2013 and, after finishing runners-up at the last edition in the Ivory Coast, the country’s football federation launched a campaign dubbed “Naija 4 the Win”.

Yet this year’s finals in Morocco come quickly off the back of the disappointment of failing to qualify for the 2026 World Cup.

The Super Eagles dominated possession from the outset, and Akor Adams could have given them a commanding early advantage, but Foba produced two fine saves within the opening 12 minutes to deny the Sevilla forward.

West Brom’s Ajayi finally eased the frustration of Nigerian supporters after a tense opening half-hour with his second international goal. Soon after, Tanzania had Bakari Mwamnyeto to thank for clearing a Victor Osimhen effort off the line.

Tanzania emerged with renewed belief after the break, although Osimhen thought he had extended Nigeria’s lead soon after the restart, only to have his effort ruled out for offside.

Yet, after the East Africans drew level, former England youth international Lookman struck to make it 2-1.

His moment of quality proved enough to seal victory, much to the delight of the majority of the 11,444 fans in attendance.

The Super Eagles will now hope history repeats itself, having beaten Tanzania in their opening match on home soil in 1980 before going on to lift their first-ever continental title, while the East Africans are still awaiting their first victory at the Afcon finals.

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.

A picture of the Ussher Fort

The Ministry of Tourism, Culture and Creative Arts (MoTCCA) has announced the reopening of Ussher Fort and James Fort to the general public with immediate effect, following the completion of safety reviews and consultations with the Ghana Museums and Monuments Board (GMMB).

In a press release issued on Monday December 22, 2025, the Ministry said the decision comes after adequate safety measures were put in place to allow controlled public access to the historic sites without compromising visitor safety or the integrity of ongoing restoration works.

According to the Ministry, “the earlier directive to temporarily close the forts was taken purely in the interest of public safety.”

It expressed appreciation to the general public, tour operators and other stakeholders for their cooperation and understanding during the period of closure.

As part of the reopening arrangements, MoTCCA, in collaboration with the GMMB, has introduced strict access guidelines and monitoring mechanisms to regulate visits to the sites.

The Ministry stressed that all visitors, “tour guides and tour operators are required to comply fully with the approved measures to ensure that tourism activities do not interfere with the restoration works.”

The statement further warned that unauthorised access to restricted or unapproved areas of the forts remains strictly prohibited.

Reaffirming its broader mandate, the Ministry said it remains committed to preserving Ghana’s cultural heritage while ensuring that historic sites are accessible, safe, and educational for both local and international visitors.

The press release was signed by the Minister of Tourism, Culture and Creative Arts, Abla Dzifa Gomashie (MP).

AM

Also, watch below Amnesty International’s ‘Protect the Protest’ documentary as the world marks International Human Rights Day 2025

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

The Chamber of Digital Assets and Blockchain Innovation Ghana (CDABI-GH) has described the passage of Ghana’s Virtual Asset Service Providers Bill as a defining moment that moves the country from regulatory uncertainty to institutional clarity, signalling confidence to investors, innovators and consumers alike.

In a statement issued in Accra, the Chamber praised the Bank of Ghana, the Securities and Exchange Commission and Parliament for what it described as a historic intervention that positions Ghana as a responsible and investable digital asset jurisdiction.

“When law meets innovation, confidence is born,” the statement said, adding that Ghana has now sent a clear message to the global market that while innovation is welcome, responsibility remains non negotiable.

The Chamber commended the Governor of the Bank of Ghana, the VASP policy and technical teams, as well as the Director General of the Securities and Exchange Commission and their respective professionals, for what it described as discipline, foresight and unwavering commitment to the national interest. According to the Chamber, their work has transformed a fast moving and complex digital frontier into a governed and credible ecosystem.

“This Act is more than a law. It is a signal. A signal to innovators that Ghana is open. A signal to investors that Ghana is safe. A signal to citizens that Ghana is protected,” the statement noted.

CDABI Ghana said the new Virtual Asset Act provides the clarity markets require, the safeguards consumers deserve and the structure regulators need to supervise the sector with confidence, marking a shift from experimentation to institution and from ambiguity to certainty.

The Chamber also lauded Parliament for what it described as diligence, courage and statesmanship in passing the legislation, noting that lawmakers chose thoughtful regulation over delay and national progress over hesitation.

“History will remember this moment. Because nations do not become digital leaders by chance. They become leaders by choice,” the statement said.

As an industry partner and national stakeholder, the Chamber reaffirmed its commitment to supporting the Bank of Ghana and the Securities and Exchange Commission during the implementation phase of the law. It said it stands ready to advance compliance, build capacity, educate market participants and promote responsible innovation across the digital asset ecosystem.

“Ghana has drawn the line. Innovate boldly. Operate responsibly. Grow sustainably,” the Chamber stated, describing the legislation as the foundation for trust, market maturity and long term digital growth.

Read the entire statement below;

FOR IMMEDIATE RELEASE

CHAMBER OF DIGITAL ASSETS AND BLOCKCHAIN INNOVATION (CDABI-GH)

Accra, Ghana

FROM UNCERTAINTY TO CLARITY: GHANA WRITES DIGITAL HISTORY

“When law meets innovation, confidence is born.”

The Chamber of Digital Assets and Blockchain Innovation (CDABI-GH) extends its highest commendation and deep appreciation to the Bank of Ghana, the Securities and Exchange Commission, and the Parliament of Ghana for the historic passage of Ghana’s Virtual Asset legislation.

Today, Ghana has spoken clearly to the world: innovation is welcome, but responsibility is non-negotiable.

We particularly applaud the Governor of the Bank of Ghana and the VASP policy and technical teams, alongside the Director-General of the Securities and Exchange Commission and his dedicated professionals, for their discipline, foresight, and unwavering commitment to national interest. Their work has transformed a complex, fast-moving frontier into a governed, credible, and investable ecosystem.

This Act is more than a law. It is a signal.
A signal to innovators that Ghana is open.
A signal to investors that Ghana is safe.
A signal to citizens that Ghana is protected.

With this landmark framework, Ghana has moved from experimentation to institution, from ambiguity to certainty, and from promise to policy. The Virtual Asset Act provides the clarity markets require, the safeguards consumers deserve, and the structure regulators need to supervise with confidence.

The Chamber also salutes Parliament for its diligence, courage, and statesmanship. By choosing thoughtful regulation over delay, and national progress over hesitation, Parliament has ensured that Ghana will not chase the future—but shape it.

History will remember this moment.
Because nations do not become digital leaders by chance.
They become leaders by choice.

As an industry partner and national stakeholder, CDABI-GH reaffirms its full commitment to supporting the Bank of Ghana and the Securities and Exchange Commission during implementation. We stand ready to advance compliance, build capacity, educate market participants, and promote responsible innovation across the ecosystem.

Ghana has drawn the line.
Innovate boldly. Operate responsibly. Grow sustainably.

This is how trust is built.
This is how markets mature.
This is how the future is secured.

— ENDS —

Media Contact:
Communications Directorate
Chamber of Digital Assets and Blockchain Innovation (CDABI-GH)
Telephone:+233 54 013 1234
Email: [email protected]

The AKSA Ahwomaso Power Plant will contribute approximately 141 megawatts to the national grid

The Ministry of Energy and Green Transition has announced that the Ghana Grid Company Limited (GRIDCo) has commenced tie-in and test run activities to connect the new AKSA Ahwomaso Power Plant to the national transmission grid.

According to the Ministry, these activities form part of system enhancement works aimed at increasing generation capacity and improving the reliability of electricity supply across the country.

“When fully integrated, the AKSA Ahwomaso Power Plant will contribute approximately 141 megawatts (MW) to the national grid, helping to strengthen power supply for homes, businesses, and industries across the middle belt and the country,” the Ministry said in statement sighted by GhanaWeb Business.

PURC tariff adjustment essential to safeguard utilities, protect gains – Energy ministry

The Ministry cautioned that during the tie-in and test run period, there may be brief and temporary interruptions to power supply in some areas.

“These interruptions, as and when they occur, are carefully managed, and necessary to ensure the safe and reliable operation of the power transmission system,” the statement added.

Spokesperson for the Ministry, Richmond Rockson, emphasised that the activities are being conducted in the national interest.

“These activities are being carried out with a clear focus on long-term system stability and improved service delivery,” he said.

The Ministry further assured the public of continued efforts to maintain stable electricity supply throughout the Christmas period and beyond, building on the reliability observed for most of 2025.

MA

Access Bank Ghana has held its end-of-year Thanksgiving Service in Accra, creating a moment of reflection on a year that tested resilience, strengthened character, and reaffirmed the Bank’s commitment to Ghana’s economic and social progress.

The service brought together members of the Access Bank Ghana community including leadership, staff, partners, regulators and customersto give thanks for a year marked by growth, transition, and renewed strategic focus, while acknowledging the realities of a challenging operating environment.

Speaking at the gathering, Managing Director Pearl Nkrumah described 2025 as a year of mixed experiences one that demanded courage, adaptability and collective resolve.

“This year has been kind to some, uncertain for others, and deeply painful for a few. Yet we are here. And being here is already a testimony,” she said, setting the tone for a service defined by gratitude and quiet strength.

Beyond reflection, the moment also highlighted the tangible difference the Bank continues to make across the country.

Over the course of the year, Access Bank Ghana impacted over 1,306,035 lives through access to finance, support for businesses, community development initiatives, health and environmental programmes, and everyday banking services that enable individuals and enterprises to grow.

Behind that number are livelihoods sustained, opportunities created, and communities strengthened.

The Board Chair, Ama Bawuah, noted that 2025 marked an important chapter in the Bank’s journey, particularly with the leadership transition from former Managing Director Olumide Olatunji to Ms. Nkrumah.

She described the transition as deliberate and anchored in continuity, reassuring stakeholders that the Bank remains stable, focused, and guided by long-term purpose.

According to her, the progress recorded during the year reflected strong alignment between the Board, Management and staff, even as the operating environment required prudence, disciplined execution and a careful balance between growth and sound risk management.

Throughout the year, Access Bank Ghana continued to invest in its people, recognising that strong institutions are built by capable and committed professionals.

This included the induction of Executive Trainees who completed the School of Banking Excellence programme in Nigeria, ongoing professional development through the Chartered Institute of Bankers, and investments in systems, infrastructure and work environments to enhance efficiency and service delivery to customers.

In recognition of loyalty and dedication, the Bank honoured staff members who have served for ten years or more, celebrating their contribution to the institution’s culture, stability and growth.

The Thanksgiving Service also reflected the shared life of the Access Bank Ghana family. Milestones such as marriages and the birth of children were celebrated, while colleagues who experienced loss during the year were remembered, with messages of solidarity and support extended to them.

The Bank further acknowledged staff who participated in its Employee Volunteering Programme, contributing time and skills to community initiatives spanning environmental sustainability, health outreach and social impact projects.

Leadership reaffirmed that responsible banking, sustainability and social impact remain central to the Bank’s identity and long-term value creation.

Looking ahead, Ms. Nkrumah expressed confidence in the Bank’s direction as it approaches 2026 and its broader 2027 aspirations, noting that the focus will remain on strengthening the core of the business, deepening accountability, fostering a supportive culture and executing strategy with excellence.

The service concluded with expressions of appreciation to customers, partners and regulators for their trust, and to staff for their dedication and professionalism underscoring Access Bank Ghana’s resolve to remain a dependable partner in Ghana’s financial and economic journey.

By Iddi Yire, GNA   

Accra, Dec 23, GNA – President John Dramani Mahama has extended his Christmas message of hope to Ghanaians while reflecting on his second come-back to the Presidency.  

“It’s my first Christmas with you, as your come-back President and I am filled with gratitude for the trust you have placed in my government,” he said.  

“We are committed to the #ResettingGhana Agenda to position Ghana on a path of inclusive growth, job creation, accountability, and prosperity.   

“As we work, together, tirelessly to revive our economy, complete stalled projects, expand our infrastructure and build a Ghana that works for every citizen, let us draw inspiration from the hope that Christmas brings.”  

GNA  

Kenneth Odeng Adade  

The Ghana High Commissioner to the United Kingdom, Her Excellency Sabah Zita Benson, has embarked on a strategic business and market outreach in Birmingham, engaging Ghanaian entrepreneurs as part of efforts to strengthen economic ties and deepen collaboration between Ghana and the UK.

The initiative is aligned with the establishment of the Ghana Trade House in the UK, a platform created to promote Ghanaian goods and services, facilitate investment opportunities, and encourage active participation of the Ghanaian diaspora in national development.

During the visit, Madam Benson held discussions with Ghanaian business owners to gain insights into their experiences, challenges, and aspirations, while exploring practical ways the Trade House can support business growth and improve access to the UK market.

Speaking at the engagement, the High Commissioner underscored the importance of partnership and dialogue, describing the Trade House as a strategic hub for trade promotion and business development.

“This initiative is a testament to our commitment to fostering economic collaboration and ensuring that Ghanaian businesses in the UK have the necessary support to thrive. Through partnership and dialogue, we can build stronger ties and create opportunities for our entrepreneurs to succeed,” she said.

The outreach forms part of a broader strategy by the Ghana High Commission to promote the export of Ghanaian products and services, while creating avenues for investment and collaboration between the Ghanaian and UK business communities.

Mrs. Benson also highlighted the critical role of the Ghanaian diaspora in national development, urging them to take advantage of opportunities offered by the Trade House to grow their businesses and contribute to Ghana’s economic progress.

The Ghana Trade House, inaugurated as a central hub for trade and investment promotion, is expected to improve access for Ghanaian entrepreneurs to the UK market, showcase the diversity of Ghanaian products, culture, and innovation, and further strengthen bilateral trade relations between Ghana and the United Kingdom.

Lands Ministry: 50 large-scale mining companies face license revocation

­­The Attorney-General and Minister of Justice (A-G), Dr Dominic Ayine, has announced the commencement of criminal prosecutions against the New Patriotic Party’s (NPP’s) Ashanti Regional Chairman, Bernard Antwi Boasiako, also known as Chairman Wontumi, and the founder of the Liberal Party of Ghana (LPG), Percival Kofi Akpaloo, for separate major alleged fraud cases involving state funds.

Addressing a press briefing in Accra yesterday, the A-G also provided an update on the government’s broader anti-corruption drive under the Operation Recover All Loot (ORAL) initiative.

Wontumi Farms case

Dr Ayine detailed that the Economic and Organised Crime Office (EOCO) had concluded investigations into Wontumi Farms Limited, a company solely owned by Chairman Wontumi.

The probe revealed that in December 2017, Mr Boasiako applied for a GH¢18 million loan from the Ghana Exim Bank under the Mining Alternative Livelihood Initiative, purportedly to cultivate maize on 100,000 acres of land and employ young people in Asare Nkwanta in the Ashanti Region.

The company, the A-G alleged, was not legally registered at the time of the application.

In spite of that, Exim Bank approved a facility of GH¢18.73 million, which included a grant component of over GH¢6.7 million.

Investigations established that Mr Boasiako allegedly failed to meet key pre-disbursement conditions, including providing a database of workers for a biometric payroll system.

A central finding was that Chairman Wontumi allegedly forged a document from an equipment dealer, Kas-Sama Enterprise.

Dr Ayine said Mr Boasiako altered a proforma invoice to look like a receipt, purportedly showing payment of GH¢4 million for farm machinery, including bulldozers and excavators, which were never purchased.

“It is clear from our investigations that Chairman Wontumi and his company made fraudulent misrepresentations to Exim Bank, forged a receipt in order to deceive Exim Bank,” the A-G stated.

Consequently, Wontumi Farms Limited and its directors will be prosecuted for defrauding by false pretences, forgery and causing financial loss to the state to the tune of GH¢24.25 million (principal plus interest).

Akpaloo, COCOBOD Feeder Roads case

In a second case, the A-G alleged fraud involving Percival Kofi Akpaloo.

EOCO investigations revealed that Mr Akpaloo allegedly cloned a legitimate company, Pomaa Universal (Gh.) Ltd, owned by Akua Pomaa, which had a GH¢29.5-million COCOBOD feeder road contract.

Mr Akpaloo secretly registered a similarly named entity, Pomaah (with an ‘h’) Universal (Gh.) Ltd, and between December 2022 and June 2024, collected eight COCOBOD cheques worth over GH¢3.1 million issued to the legitimate company and deposited them into his cloned company’s account, the Attorney-General alleged.

“Akua Pomaa was unaware of both the existence of Pomaah Universal (Gh.) Ltd and the diversion of funds until COCOBOD contacted her,” Dr Ayine said.

She also alleged that Mr Akpaloo forged her signature on the contract.

Mr Akpaloo, his company, Pomaah Universal, and his spouse, Delvine Akpaloo, will face charges in January 2026 for stealing, forgery and money laundering.

Update on ORAL

Providing an update on the wider ORAL investigations, the A-G confirmed that following his earlier briefing on the National Service Authority (NSA) scandal, the Auditor-General had issued disallowance and surcharge notices to implicated officers.

“After 14 days, if they fail to show cause, the money becomes a debt due and owing to the state, and I will proceed to take civil action to recover the sums involved,” he stated, warning of attachment of properties.

Dr Ayine gave assurance that the ORAL investigations were progressing robustly, with the aim of building cases that met the standard of proof for criminal trials.

The A-G’s announcements signal a continued crackdown on high-profile alleged corruption, with the state preparing to pursue both criminal convictions and civil asset recovery.

Singapore based education rankings platform Schoolbell.net has published its annual list identifying the 10 best private schools in Ghana for 2025, with Ghana International School claiming the top position with a contextual reputation score of 100.0. The rankings, released on December 21, 2025, evaluate schools based on online credibility, visibility, and trustworthiness to help parents navigate enrollment decisions.

Ghana International School, located at Cantonments in Accra, has maintained its position as the country’s leading private educational institution since its establishment in 1955. The school is the first and only international school in Ghana to receive dual accreditation from both the Council of International Schools (CIS) and the New England Association of Schools and Colleges (NEASC). The institution serves students from diverse backgrounds across its four departments spanning infant, junior, and lower and upper secondary education.

DPS International Ghana secured second place with a contextual reputation score of 99.7, followed closely by American International School, Ghana at 98.9. American International School, Ghana operates as an International Baccalaureate (IB) institution offering programs from Pre K3 through 12th grade, focusing on developing 21st century skills to equip students for global leadership.

Brian Hill International School earned fourth position with a score of 97.5, while Galaxy International School rounded out the top five at 95.7. Galaxy International School, established in 2001, operates two campuses in Accra serving students from more than 37 countries worldwide. The school recently demonstrated strong academic performance in the 2025 West African Senior School Certificate Examination (WASSCE) results announced in early December.

The Roman Ridge School claimed sixth place with a contextual reputation score of 93.3. British International School Ghana followed at 90.4, while The Barstow School Ghana secured eighth position with 87.0. International Community School and Lincoln Community School completed the top 10 rankings with scores of 83.0 and 75.0 respectively.

Schoolbell.net employs a data driven methodology to assess private schools across Ghana. The platform’s contextual reputation scoring system analyzes publicly available information to measure each institution’s online credibility and recognition within the education community. Higher scores indicate stronger reputations among families, educators, and other stakeholders in the education sector.

Private schools in Ghana operate as independent institutions offering various international and local curricula to both Ghanaian and international students. These institutions typically provide Cambridge International Examinations, International Baccalaureate programs, British National Curriculum, or American education systems. Most ranked schools offer day programs, while some institutions like Galaxy International School also maintain boarding facilities.

The ranking considers factors including institutional accreditation status, curriculum offerings, facilities quality, academic performance records, and community engagement. Ghana International School offers Cambridge International Early Years, Cambridge Primary and Secondary programs leading to International General Certificate of Secondary Education (IGCSE) and Advanced level examinations. The school also provides a Pearson BTEC pathway in music and creative media for students aged 14 years and above.

Schoolbell.net was founded in Singapore in 2021 and initially operated as Schoolbell.sg before expanding globally to provide education rankings across multiple continents. The platform describes its mission as making educational choices clear, fast, and simple through the analysis of contextually relevant data sets.

Parents seeking additional information can access the complete Ghana 2025 private school ranking through the Schoolbell.net website. The ranking aims to increase transparency in school selection processes by providing families with reliable insights into institutional reputations and educational value.

International Community School operates campuses in both Kumasi and Accra, following the British System of Education to develop academic rigor alongside skills in inquiry, creativity, and initiative. The institution emphasizes creating well rounded learners through its independent, co educational model.

The 2025 rankings reflect the growing demand for quality private education in Ghana, particularly among expatriate families, diplomats, and business leaders seeking internationally recognized curricula. Most top tier private schools in Accra maintain annual tuition fees ranging between 5,000 and 20,000 US dollars depending on grade levels, though some institutions offer merit based or need based scholarship opportunities.

Schools ranked by Schoolbell.net typically hold memberships in regional and international education associations. Ghana International School maintains active participation in the Association of International Schools in Africa (AISA) and the Educational Collaborative for International Schools (ECIS). These affiliations support quality standards and facilitate collaboration among international educational institutions.

The publication of these rankings comes as Ghana’s private education sector continues expanding to meet rising demand for internationally accredited programs. Many ranked institutions have invested heavily in modern facilities, technology integration, and teacher development to maintain competitive advantages in Ghana’s education market.

Dr Johnson Asiama, Bank of Ghana Governor

Borrowing costs could fall to about 10 percent by the end of 2026 – earlier than initially envisaged as macroeconomic conditions continue to improve, according to Bank of Ghana Governor Dr Johnson Pandit Asiama.

Speaking at the central bank’s year-end festival of carols and thanksgiving services, Dr Asiama said the disinflation trend, currency stability and improving growth outlook have created room for a faster decline in lending rates, even as risks persist in the global and domestic economy.

“I am on record as having said that I would like to see lending rates below 10 percent before the end of my term,” Dr Asiama told staff. “If there is one thing I pray for each morning, it is that our businesses can borrow below 10 percent, that the youth of this country who are so innovative can borrow below 10 percent and do things for themselves. I believe we are already on course.”

Governor Asiama said the Ghana Reference Rate (GRR), the lowest benchmark for lending, is currently around 15 percent – down sharply from levels seen earlier in the economic adjustment period. Based on current trends, the central bank now expects the economy could reach the 10 percent lending rate threshold by end of next year rather than within the originally projected three-year window.

“When we came in, lending rates were well beyond where they should be,” he said. “Now we are hopeful that by end of next year we could actually get to the 10 percent I was envisaging for the next three years. These outcomes are worth giving time for and we do not take them lightly.”

The Governor however cautioned that Ghana remains exposed to global shocks as a small, open economy. He pointed to geopolitical tensions, volatile trade conditions and an uneven global recovery as external risks that could quickly affect inflation, food prices and financial conditions.

“Something remote can go wrong somewhere in the Middle East or the U.S. economy and it impacts us,” he said, adding that while fundamentals have improved, risks “have not disappeared”.

He said the progress made in 2025 was a result of discipline and restraint, noting that the central bank and wider economy avoided a repeat of the instability seen in 2022. According to him, pressures were contained before they escalated into crises, helping to preserve trust in institutions and stabilise expectations.

The Governor also highlighted recent legislative reforms including amendments to the Bank of Ghana Act, which he said have strengthened governance and operational independence and reduced the risk of crisis-driven liquidity injections. Those changes, he noted, were designed to ensure that the conditions which led to the domestic debt exchange and pension losses in 2022 do not recur.

In addition, Dr Asiama said passage of the Virtual Asset Service Providers law has brought crypto-related activity into a regulated framework, allowing the central bank to manage risks rather than ignore them.

The Bank expects to continue reforms that will improve efficiency, deepen supervision and invest in staff development through a new people strategy, while also moving to unlock value from idle real estate assets held by the Bank.

“Progress has given us room to move,” Dr Asiama said. “But it also calls for vigilance. The work is not finished. This is just the beginning.”

A new set of data released by the Ghana Statistical Service has revealed striking disparities in some key health and demographic outcomes.

The District Level Thematic Reports, released on Monday, focused on birth registration, the double burden of malnutrition, the disposal of children’s stools, the unmet need for family planning among women in union, handwashing and water treatment in Ghanaian households, and excessive alcohol consumption among men.

While 11.7 percent of households nationally experience the double burden of malnutrition, several districts in the Northern, Northeastern, Savannah, Oti, and Upper East regions record prevalence levels above 20 percent, said the report.

 Furthermore, the report noted that sanitation practices remain far below national targets. “Safe disposal of children’s stools ranges from just 4.1 percent to 61.1 percent across districts, well below the national target of 80 percent by 2025,” it said.

 “Access to basic handwashing facilities remains limited nationwide. Only 43.5 percent of households have access to basic handwashing facilities,” the report added.

 Family planning outcomes show that national progress masks deep local disparities. However, the unmet need for family planning among women in union declined from 29.9 percent in 2014 to 23.4 percent in 2022.

 Deputy Government Statistician Omar Seidu called for immediate action to strengthen supply chains by establishing regional distribution hubs, deploying mobile delivery units, and investing in solar-powered refrigeration for rural clinics to ensure the availability of essential medicines for women after birth.

The Ghana Fixed Income Market (GFIM) processed GH¢1,523,068,024 across 695 transactions on Monday, December 23, 2025, with government securities continuing to dominate trading activity as institutional investors maintained strong appetite for sovereign debt instruments.

New Government of Ghana (GOG) notes and bonds led the session with GH¢744,092,039 traded through 52 separate transactions, representing approximately 49 percent of total market activity. Corporate bonds contributed GH¢360 million through four transactions, while treasury bills accounted for GH¢143,089,445 across 619 deals, demonstrating continued demand for shorter term government securities.

Sell and buyback trades involving government notes and bonds added GH¢275,886,540 through 20 transactions, reflecting institutional strategies to access temporary liquidity while maintaining exposure to government bond positions. Old GOG notes and bonds registered no trading activity during the session.

The largest single transaction of the day involved a government bond maturing February 13, 2029, with security code A6145 1838 carrying an 8.65 percent coupon. This instrument traded GH¢319,626,405 across 10 transactions at a yield of 15.25 percent and closing price of 83.9203 cedis per 100 cedis face value. The substantial volume demonstrates continued institutional confidence in medium term government securities.

In the treasury bill segment, the most actively traded security was a bill maturing June 22, 2026, which recorded GH¢31,983,079 through 28 separate transactions at a closing price of 95.4878 cedis. Current treasury bill rates around 10.6 to 10.7 percent represent their lowest levels in 14 years, reflecting Ghana’s improved macroeconomic conditions and declining inflation environment.

Corporate bond activity focused heavily on Consolidated Bank Ghana (CMB) securities. A CMB bond maturing August 31, 2026, carrying a 13.00 percent coupon, recorded GH¢300 million through three transactions at a closing price of 96.2608 cedis. This represents one of the largest corporate bond volumes recorded in December 2025, though non sovereign instruments still account for less than one quarter of total daily trading.

The highest value sellback trade involved a government bond maturing February 6, 2035, with security code A6151 1838 carrying a 9.55 percent coupon. This instrument saw GH¢167,934,520 change hands across nine transactions at a yield of 16.42 percent and closing price of 67.9883 cedis. The elevated yield on longer dated government debt indicates that investors continue demanding substantial risk premiums for holding Ghanaian government securities beyond the medium term.

Monday’s trading volume represents a significant rebound from light activity typically observed before major holidays. The session followed consistent patterns seen throughout December, where volumes have fluctuated between GH¢900 million and GH¢2.7 billion depending on government funding needs and institutional portfolio adjustments.

The Ghana Fixed Income Market has experienced a remarkable recovery in 2025 following the challenges of the Domestic Debt Exchange Programme (DDEP) implemented in 2023. Managing Director of the Ghana Stock Exchange (GSE) Abena Amoah revealed that cumulative trading volume from January to October 2025 crossed the GH¢200 billion threshold, positioning the market to achieve or exceed pre DDEP levels.

The strong performance reflects multiple positive developments in Ghana’s economy during 2025. Inflation declined from 23.8 percent in December 2024 to 6.3 percent in November 2025, reaching its lowest level since 2021 and falling below the Bank of Ghana’s target range. The cedi appreciated roughly 30 to 35 percent against major currencies throughout the year, supported by higher cocoa and gold export earnings and improved investor confidence.

The Bank of Ghana has responded to improved economic conditions by cutting its benchmark policy rate from 29 percent at the start of the year to 18 percent by November 2025, marking the first sustained monetary policy loosening after an extended tightening cycle. The cumulative 1,100 basis points in rate cuts throughout 2025 reflected confidence in disinflation trends and provided support for fixed income market recovery.

Interest rates across the yield curve have declined sharply. The 91 day treasury bill rate eased to approximately 10.6 percent from 25.8 percent a year earlier, while average bank lending rates dropped to around 22 percent from over 30 percent. The steep decline in money market rates has prompted institutional investors to reallocate funds from short term government securities into longer dated bonds seeking enhanced returns.

However, the spread between treasury bill rates at 10 to 11 percent and government bond yields around 15 to 16 percent appears consistent with historical patterns adjusted for the improved inflation outlook. The yields on medium to long term government bonds reflect risk premiums that investors demand given Ghana’s recent debt restructuring history and ongoing fiscal consolidation requirements.

Government securities including treasury bills, notes and bonds are automatically admitted to trade on the GFIM platform upon issuance. Corporate bonds, Bank of Ghana money market instruments and other debt securities may be listed subject to admission requirements. All transactions settle through Bank of Ghana’s Central Securities Depositary on a T plus 3 basis, ensuring efficient clearing and settlement processes that support market confidence.

The limited corporate bond activity, despite Monday’s substantial CMB transaction, remains a structural challenge for the GFIM. Only eight active corporate issuers currently participate in the market, down from 12 previously, as four companies recently exited. The limited depth in corporate debt reflects various factors including company preferences for bank financing, regulatory requirements for bond issuances and investor concentration in government securities perceived as lower risk.

The GFIM celebrated its 10th anniversary in November and December 2025 under the theme “10 Years of the Ghana Fixed Income Market: Deepening Markets, Expanding Possibilities.” Since inception in August 2015, the platform has traded over GH¢1 trillion in securities, establishing itself as one of Sub Saharan Africa’s most liquid fixed income markets outside South Africa and Nigeria.

Looking ahead, the GSE aims to admit 100 companies to the GFIM and expand participation to 10 million Ghanaians, up from the current two million securities account holders. The exchange plans to launch an academy providing preparatory programs designed to demystify capital markets for companies and their boards while guiding them through listing requirements and finance access procedures.

Foreign institutional investors have returned to Ghana’s fixed income market after withdrawing during the debt crisis period. Portfolio inflows accelerated in the second half of 2025 as global fund managers increased emerging market allocations following United States Federal Reserve interest rate adjustments and improved perceptions of Ghana’s fiscal management.

December typically brings increased portfolio adjustment activity as institutional investors rebalance allocations and prepare annual financial statements. Monday’s substantial trading volume likely reflected year end positioning by banks, pension funds and other institutional participants seeking to optimize portfolio returns and meet regulatory capital requirements before closing their 2025 books.

As Ghana’s fixed income market enters the final trading days of 2025, the strong recovery trajectory established throughout the year demonstrates restored confidence in the country’s debt instruments and improved macroeconomic fundamentals. The successful navigation of debt restructuring challenges, sustained disinflation and prudent fiscal management have created conditions for continued market development into 2026.

The Greater Accra Regional Police Command has arrested 132 suspects following a series of special swoops and motor traffic operations conducted across parts of the Accra Metropolis as part of efforts to ensure safety during the Christmas festivities.

Addressing a press conference in Accra on Tuesday, December 23, 2025, the Regional Public Relations Officer, Superintendent Juliana Obeng, said the operations led to the recovery of several items, including motorcycles, suspected stolen items and narcotic substances.

“The Accra Regional Police Command has arrested a total of 132 suspects and retrieved various exhibits, including narcotic substances, suspected stolen items, and motorcycles, during a series of special swoop and motor operations conducted across several jurisdictions in the metropolis as part of sustained efforts to combat crime during this Christmas and beyond,” she stated.

Superintendent Obeng provided details of specific operations. On Thursday, December 18, 2025, police personnel from the Kotobabi District under the Nima Division conducted a swoop at Alojo near Merciful Hotel Annex, which led to the arrest of four suspects. “Details of which will be shared with you,” she said.

She added that another swoop was carried out on Sunday, December 21, 2025, by personnel from the Railways District Command under the Accra Central Division. “In a related operation on Sunday, December 21, personnel of the Railways District Command conducted swoops at identified criminal hideouts within the division, resulting in the arrest of 15 persons,” she noted.

Superintendent Obeng further disclosed that a motor traffic operation was undertaken on Friday, December 19, around East Legon and within the Airport Division. “The operation aimed at reducing crime and road traffic accidents, which resulted in the seizure of 36 motorcycles,” she explained. “Riders with minor offences were issued warning letters, while others are being processed before court.”

She added that similar operations were conducted in other parts of the metropolis as part of the command’s broader security strategy. The operations targeted known criminal hideouts and areas with high incidents of crime, deploying both uniformed and plainclothes officers to maximize effectiveness.

On the status of those arrested, Superintendent Obeng said all suspects are currently undergoing screening. “Meanwhile, all suspects arrested in the various operations are currently undergoing screening. Those found culpable will be put before the court, while persons not linked to any criminal activity will be released accordingly,” she stated.

She also noted that investigations are ongoing and that the exhibits retrieved would be subjected to further examination where required. “The retrieved exhibits have been retained and will be forwarded to the Police Forensic Laboratory for analysis where necessary,” she said.

The Regional Public Relations Officer urged the public to support the police by sharing credible information to help keep Accra safe. “The command encourages the general public to continue cooperating with the police by providing timely and credible information to help keep Accra safe,” she urged.

The arrests are part of a nationwide intensification of police operations ahead of the Christmas and New Year festivities. Similar operations have been conducted in other regions, demonstrating a coordinated approach to crime prevention during the high traffic festive season.

In the Central East Region, police arrested 33 suspects during intelligence led swoops conducted in the early hours of December 16 and 17, 2025, within Kasoa Old Market, Awutu Breku, Gomoa Buduata, Senya Breku and surrounding communities. Some of those arrested were found in possession of substances suspected to be Indian hemp and quantities of Tramadol. Police also impounded 45 motorbikes and recovered a toy gun during those operations.

The festive season typically sees increased movement of people and goods, creating opportunities for criminal activities such as theft, robbery, drug trafficking and traffic offences. Police forces across the country have therefore stepped up patrols, established checkpoints and conducted targeted operations in crime prone areas.

The motor traffic operations, which resulted in the seizure of 36 motorcycles in the East Legon and Airport areas, reflect concerns about the role of motorcycles in facilitating criminal activities. Many robberies and snatching incidents in urban areas involve suspects using motorcycles for quick getaways. Additionally, motorcycles are often used for transporting narcotics and other contraband.

The operations also aim to enforce traffic regulations, particularly the mandatory use of helmets by motorcycle riders and compliance with licensing requirements. Many motorcycle riders operate without proper documentation or safety equipment, contributing to road accidents and fatalities.

The police have emphasized that adequate security will continue to be provided at public events and in communities across the Greater Accra Region throughout the festive period. Increased police visibility, rapid response capabilities and community engagement are key components of the security strategy.

Residents are encouraged to remain vigilant, secure their properties, avoid displaying large amounts of cash in public and report suspicious activities to the nearest police station or through emergency hotlines. The police have assured the public of their readiness to respond promptly to distress calls and maintain order during what is traditionally one of the busiest periods of the year.

The 132 arrests in Accra represent a significant enforcement action and demonstrate the police command’s commitment to proactive crime prevention rather than reactive responses. By targeting known criminal hideouts and conducting motor traffic operations simultaneously, the police aim to disrupt criminal networks and create a deterrent effect.

The screening process for the 132 suspects will determine which individuals will face criminal charges in court and which will be released. Suspects found with narcotic substances will likely face charges under the Narcotics Control, Enforcement and Sanctions Act, while those connected to stolen items may be charged with theft or receiving stolen property.

Motorcycle riders whose vehicles were impounded will need to produce proper documentation, including valid licenses, registration documents and insurance certificates, before their motorcycles can be released. Those who committed minor violations and received warning letters are expected to comply with regulations to avoid future sanctions.

The police operations come amid broader concerns about crime in urban areas, particularly armed robbery, drug trafficking and cybercrimes. While the swoops focus on street level offences, they form part of a comprehensive approach that includes intelligence gathering, community policing and partnerships with other security agencies.

As Ghana enters the peak of the festive season, with major events such as Detty December concerts, church services and family gatherings drawing large crowds, the police presence in Accra and other major cities will remain heightened. The goal is to ensure that residents and visitors can celebrate safely while criminal elements are deterred or apprehended.