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First Atlantic Bank listed in Ghana after oversubscribed IPO

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Ghana’s First Atlantic Bank PLC (FAB) listed for trading on the Ghana Stock Exchange (GSE) on 19 December, after an oversubscribed initial public offering (IPO). The combined offer was for 101.7m ordinary shares at GHS 7.30 each to raise GHS 742 million ($64.6m).

Trading in the shares began the first day of the listing. On thin volumes the FAB share price climbed from GHS 7.30 to GHS 7.70.

The combined offer was for 101.7m ordinary shares at GHS 7.30 each to raise GHS 742 million ($64.6m), according to the 17 November prospectus (available here). This comprised 22.6m newly issued subscription shares to raise GHS 165 as proceeds for the bank, and a sale by existing shareholders of up to 79.1m sale shares (22.6% of the capital) for GHS 577m.

The sponsoring brokers were IC Securities (Ghana) and First Atlantic Brokers and the IPO Manager was Amber Securities.

The lender completed its IPO with an oversubscription, according to a FAB announcement circulated by the GSE, which unusually did not specify the amount. This report in MyJoyOnline says it was 120% subscribed. According to FAB’s press announcement of the listing; “The oversubscription of the offer reflects the bank’s consistent financial performance underpinned by sustained profitability, balance sheet growth and continued investment in digital banking infrastructure.” According to the prospectus, the company had already received firm commitments from a list of pension funds who had pledged to buy 94m shares for a total of GHS 688.4m, or nearly 93% of the offer.

The sale shares include 37m shares sold by A.A. Global Investments which is selling out completely and 12m shares from AFIG Fund II, a private equity fund run by Advanced Finance & Investment Group (AFIG), which will still own 79.5m shares after the offer (21.35%), assuming the offer is fully subscribed.

The money from the subscription offer will be used GHS 57.3m for working capital and GHS 92.2m for regional expansion, while offer costs were due to be up to GHS 15.5m (2.09% of the sum raised) including GHS3.0m in regulatory fees (including GHS 2.0m to the GSE).

The prospectus said that the offer would open on 24 November and close on 4 December. The SEC was due to approve the offer results on 17 December.

Funds for growth and bank expansion across borders

First Atlantic Bank is a locally owned bank, which started business under the First Atlantic name in 1995. It is a full-service universal bank, delivering a comprehensive suite of financial products and services to a diverse clientele that includes individuals, small and medium-sized enterprises, large corporates, public sector entities, and financial institutions. It delivers services through 35 branches, automated teller machines (ATMs), point of sale (POS) terminals, and a growing digital banking platform. It also acts as a custodian including to pension funds.

The listing announcement included: “The bank has prioritized technology-driven innovation, risk-management compliance and customer-centric product development to strengthen its competitiveness in Ghana’s banking sector”. FAB board and management thanked the regulators – Bank of Ghana, Securities and Exchange Commission, National Pensions Regulatory Authority and Ghana Stock Exchange – for their support.

“Looking ahead, First Atlantic Bank is expected to leverage its strengthened capital position to support business growth, deepen financial inclusion, enable its regional expansion plans and contribute to the development of Ghana’s capital markets, while delivering sustainable returns to shareholders.”

According to a report on BusinessDay Nigeria, Amarquaye Armar, chairman of FAB’s board, said: “The commencement of our journey toward becoming a publicly listed institution is a bold and strategic step for the bank. It reinforces our commitment to strong governance, sustainable value creation, and the pursuit of growth opportunities that will benefit our customers, shareholders, and communities.

Bank of Ghana pushes for listings

The regulator, the Bank of Ghana, is encouraging local issuers and investors to take advantage of the opportunities offered in the Ghanaian equities capital market.

According to statement Bank of Ghana Governor Johnson Pandit Asiama told the listing ceremony: “By taking this step, First Atlantic Bank is strengthening its capital base, broadening ownership, and contributing to the deepening of Ghana’s capital market. It reinforces confidence in the financial system and supports building a more transparent, resilient, and forward-looking financial sector.

“As Ghana’s economy grows and financial intermediation becomes more sophisticated, we expect more banks to access the equity market, strengthening links between banking and capital-market development. By 2026 and beyond, a more diversified ownership structure will enhance resilience, reduce concentration risks, and support a financial system aligned with national development objectives.”

BusinessDay Nigeria reports “The listing comes just a few weeks after the Bank of Ghana renewed calls for more lenders to list on the GSE to deepen liquidity and attract long-term investment.

“The renewed push coincides with improving sentiment in Ghana’s equities market following years of macroeconomic stress. The GSE Composite Index (GSE-CI) has risen more than 318% over the past decade, reflecting gradual recovery and renewed trading activity.

“Yet participation remains limited. Out of Ghana’s 25 universal banks, only 11 are currently listed, restricting access to long-term equity capital… The GSE remains one of Africa’s smallest stock exchanges.” The GSE has 36 listings and FAB is its 12th listed banking stock. (GSE listings page is here).

The most recent listings on the GSE were: Atlantic Lithium in May 2024 (see London Stock Exchange announcement ) and Asante Gold Corporation in June 2022 (see GSE announcement). Both listed by introduction for a secondary listing in Ghana as they have primary listings elsewhere.

The newspaper quotes Ebenezer Ndoor, a Ghanaian-based economic policy analyst: “The GSE has long struggled with low liquidity and limited trading volumes.. Bringing more banks on board means more shares to trade, more investor participation, and ultimately a more vibrant market.”

He added that public listing imposes stricter disclosure, independent audits and accountability to shareholders. Improved governance standards in the banking industry would benefit depositors, investors and regulators.
The paper notes “sentiment is gradually shifting. After sharp depreciations in 2023 and 2024, the cedi emerged as Africa’s best-performing currency in the first eight months of 2025, helping to restore investor confidence and revive interest in Ghana’s equity market.”

GIPC board chairman calls for Ghana–Turkey collaboration at Global Conference

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GIPC board chairman calls for Ghana–Turkey collaboration at Global Conference

The Board Chairman of the Ghana Investment Promotion Centre (GIPC), Mr. Akwasi Opong-Fosu, has called for greater investment in healthcare, describing the sector as productive national infrastructure essential for economic growth and human capital development.

Mr. Opong-Fosu made the remarks as a Special Guest at the 2nd World Bridges Conference on Industry, Trade and Health, held in Istanbul, Turkey.

In his address, he urged policymakers and investors to view healthcare not only as a social service but as a strategic driver of productivity and national development.

He highlighted the transformative role of healthcare financing and Public-Private Partnerships (PPPs) in strengthening health systems across the world, praising Turkey’s city hospitals and health tourism model, which has positioned the country as a leading global medical destination.

Drawing lessons from other jurisdictions, Mr. Opong-Fosu referenced India’s targeted PPP arrangements, Canada’s availability-based financing models, and Rwanda’s policy-driven health financing framework as examples of innovative approaches that have improved healthcare delivery and sustainability.

Turning to Ghana, he noted that the National Health Insurance Scheme (NHIS) provides a strong foundation for access and equity but stressed the need for innovative financing mechanisms and strategic partnerships to support specialised and advanced healthcare services.

Mr. Opong-Fosu also called for deeper collaboration between Ghana and Turkey, particularly as Ghana seeks to position itself as a healthcare hub for the West African sub-region, leveraging trade, investment and technology transfer to strengthen its health sector.

He expressed appreciation to the conference organisers for the invitation and the opportunity to engage in meaningful dialogue at the intersection of health, trade and investment.

Parliament Honours Daily Guide’s Ernest Kofi Adu

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Speaker Alban S.K. Bagbin presenting the award to Mr. Ernest Kofi Adu

 

Parliament has honoured outstanding members of the Parliamentary Press Corps and reaffirmed its commitment to media freedom, transparency and accountability, at a special Parliamentary Media Recognition Night and Soiree held on Saturday, December 20, 2025 at the forecourt of Parliament.

The highlight of the night was the award of Best Print Journalist for 2025 to DAILY GUIDE’s Parliamentary Correspondent, Ernest Kofi Adu, in recognition of his excellence in parliamentary reporting, professional integrity and dedication to truthful journalism that informs and empowers the Ghanaian public.

Mr. Adu received a plaque and citation praising his sharp reporting, gripping storytelling and ability to break down complex parliamentary debates, legislation and policy issues into accessible narratives that promote public discourse and democratic accountability.

The citation described his work as embodying “the highest standards of accuracy, relevance and ethical rigour,” making Parliament’s work meaningful to ordinary citizens.

Several other journalists and media professionals were also recognised for their contributions. They included Rachel Quartey of GBC, named Best Journalist for Public Service Broadcast; Paul Egbenya of Channel One TV, Best Camera Operator; Frank Bruce of Odekro, Best Social Media Journalist; Elsie Appiah of the Ghana News Agency, Best Online Journalist; Kwaku Asante of Joy News and Joy FM, Best TV and Radio Journalist (English); and Emmanuel Akorli of Peace FM and UTV, Best TV and Radio Journalist (Twi). Long Service Awards went to Awudu Mahama of The Custodian newspaper and Osman Ahmed Alidu, a freelance journalist.

There were also special citations presented to the Speaker of Parliament, Rt. Hon. Alban Sumana Kingsford Bagbin, and the Clerk to Parliament, Ebenezer Ahuma Djietror, in recognition of their support for media engagement and parliamentary openness.

In a wide-ranging address, Speaker Bagbin described the media as an indispensable pillar of democracy and a critical bridge between Parliament and the people.

He noted that Ghana’s Constitution places sovereignty in the hands of the people, with Parliament exercising delegated authority on their behalf, making the role of the media in informing citizens indispensable.

“The word is the world,” the Speaker said, stressing that democracy thrives on information, responsible communication and public understanding.

He praised the Parliamentary Press Corps for spending “sleepless nights” translating the technical and complex business of Parliament into stories the public can understand, adding that Parliament would never support laws or actions that undermine press freedom.

The Speaker announced that the Parliamentary Media Recognition Night would become an annual event, and pledged continued collaboration with journalists, including improvements in internet connectivity, media access, and support for parliamentary reporting both locally and internationally.

He reaffirmed Parliament’s resolve not to pass any legislation, including amendments to the Electronic Communications Act, that would stifle constitutionally guaranteed freedoms.

President of the Ghana Journalists Association (GJA), Albert Kwabena Dwumfour, commended Parliament for recognising the media’s contribution to democratic governance and accountability.

He described the relationship between Parliament and the media as “central to democracy,” noting that without journalists, citizens would not know how their Members of Parliament (MPs) represent them or how laws are made.

Mr. Dwumfour appealed for sustained institutional support for journalists covering Parliament, acknowledging the demanding and often challenging nature of their work.

He reaffirmed the GJA’s commitment to responsible, ethical and professional journalism, while urging Parliament to resist laws and regulations that could be used to suppress free speech.

He raised concerns about aspects of the Electronic Communications Act and other laws being applied against journalists, arguing that such provisions were increasingly being used as substitutes for the repealed Criminal Libel Law.

He called for a review or clarification of such laws to safeguard press freedom.

The GJA President also renewed calls for improved conditions of service for journalists, including the possibility of a private member’s bill to standardise remuneration and strengthen the economic independence of media practitioners, which he described as a key factor affecting Ghana’s ranking on the World Press Freedom Index.

A Daily Guide Report

Parliament Passes Ghana Sports Fund Bill 2025

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Parliament last week passed the Ghana Sports Fund Bill, 2025, aimed at providing adequate funding for sports development while promoting transparency and accountability in resource mobilisation and management within the sector.

The Bill outlines that proceeds from the fund will be used to develop sporting infrastructure and support capacity building for sports professionals and administrators. Funding sources will include allocations approved by Parliament, proceeds from special sports lotteries, and 10% of fees and charges collected by the Gaming Commission of Ghana from sports betting activities.

Jerry Ahmed Shaib

The passage of the Bill followed the adoption of the report by the Committee on Youth and Sports, which recommended leveraging subsidiary legislation, streamlining operational costs, and reviewing guidelines on alcohol beverage advertising during sporting events.

The report highlighted funding challenges in the sports sector and stressed the need for measures to close financing gaps, enabling Ghana to benefit from the expansion of the global sports revenue pool.

Debating the report, Second Deputy Minority Whip, Mr Jerry Ahmed Shaib, lamented the lack of support for lesser-known sports compared to football. He noted that budget allocations for sports were often minimal and that released funds predominantly favoured football.

Mr Shaib cautioned against politicising sports in Ghana, urging lawmakers to ensure sports remain non-partisan. He also questioned the proposal to generate funding from bonuses of Ghanaian athletes in the diaspora, noting that many athletes struggle to afford travel expenses to represent the country in international tournaments.

“I have weightlifters from the diaspora for whom I sometimes personally buy tickets to come and perform for the country,” he said.

The Ghana Sports Fund Bill, 2025, is expected to strengthen financial support across all sports disciplines and enhance Ghana’s competitiveness on the global stage.

By Benjamin Arcton-Tettey

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Morocco 2025 AFCON Winner to Pocket US$10 Million

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The Confederation of African Football (CAF) President, Dr. Patrice Motsepe, has announced that the winner of the TotalEnergies CAF Africa Cup of Nations (AFCON) Morocco 2025 will receive USD 10 million in prize money.

The announcement came following a CAF Executive Committee (EXCO) meeting in Rabat, Morocco. The prize money for the 2025 winner marks a 43 per cent increase from the 2023 edition, when hosts Côte d’Ivoire received USD 7 million.

Looking back, the winners of the TotalEnergies CAF AFCON Cameroon 2021 pocketed USD 5 million. The 2025 prize represents a 100 per cent increase over four years, underlining CAF’s commitment to rewarding excellence in African football.

The runners-up will receive USD 4 million, while the two semi-finalists are set to earn USD 2.5 million each.

Meanwhile, Mali’s national team head coach, Tom Saintfiet, expressed confidence that his team is ready to compete for the AFCON trophy in Morocco. Despite having a talented squad, Mali has yet to claim an AFCON title. Saintfiet emphasized that Les Aigles are approaching the tournament with seriousness and ambition.

He also praised the quality of Morocco’s tournament infrastructure, including stadiums, hotels, and overall organization. Mali has been drawn into a challenging Group A alongside hosts Morocco, Zambia, and Comoros.

– Source: CAFonline.com

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Ashanti Regional NDC Organiser Isham Alhassan Bonsu declares bid for chairmanship

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Ashanti Regional Organiser of the National Democratic Congress (NDC), Isham Alhassan Bonsu Ashanti Regional Organiser of the National Democratic Congress (NDC), Isham Alhassan Bonsu

The Ashanti Regional Organiser of the National Democratic Congress (NDC), Isham Alhassan Bonsu, has formally declared his intention to contest for the Ashanti Regional Chairmanship of the party ahead of the regional elections scheduled for 2026.

Isham Alhassan, made the announcement during his birthday celebration held in Kumasi on December 20, 2025.

Addressing members of the media at the event, he said the NDC has given him the opportunity to serve at various levels of the party since 1992, starting from the ward level through to constituency and regional leadership.

“The NDC, as a political party, picked me and gave me the opportunity to serve from the ward level since 1992, through the constituency level and at the regional level as both Deputy Regional Organiser and Regional Organiser,” he said.

Bonsu noted that his political growth has been shaped through mentorship and training under seasoned party leaders, including Ambassador Daniel Ohene Agyekum, Nti Fordjour, Yaw Obimpeh and Nana Akwasi, the current Ashanti Regional Chairman.

According to him, his long years of service and experience have adequately prepared him for the contest and the responsibilities that come with leading the party in the region.

“I am confident that I have prepared myself well for the contest ahead. With my experience, I believe I can win and effectively lead the party,” he stated.

He used the opportunity to call on party supporters across the Ashanti Region to rally behind his candidature, urging them to begin mobilising support from December 20 through to November 2026, when the party is expected to hold its regional elections.

The birthday celebration was attended by the majority of the current regional executives, District Chief Executives (DCEs), as well as constituency and polling station executives.

The public declaration of Isham Alhassan’s intention to contest the NDC Ashanti Regional Chairmanship in 2026 attracted loud applause from hundreds of party supporters who attended the event, including some close associates of the incumbent chairman.

NDC Polls: 27 constituency chairmen, 12 regional executives declare support for Asiedu Nketiah

The declaration sets the stage for what is expected to be a keenly contested race for the Ashanti Regional Chairmanship of the NDC.

Currently, it is not clear whether the Ashanti Regional Chairman of the party, Andrews Agustus Nana Akwasi, will seek re-election.

Meanwhile, some party members who attended the celebration openly endorsed Bonsu’s candidature, justifying their support.

“We, the NDC in the Ashanti Region, have no justification to reject Isham. He is the man for the job. Nana Akwasi, our Regional Chairman, has done his part for the party as Vice Chairman and Regional Chairman and we gave him our support. Each election comes with new leadership and new strategies,” one of the NDC supporters said.

“We, the grassroots, want Isham, and we are happy that he has listened to our call. We will do everything humanly possible for this dream to be realised in the Ashanti Region, “another added.

AM

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

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Bright Davies opens up on faith, music, purpose

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Gospel musician and pastor, Tom Bright Davies says his music is a heartfelt conversation with God, shaped by his faith and life experiences.

Speaking on Channel One TV’s Breakfast Daily on Sunday, December 21, Pastor Davies reflected on how his spiritual journey continues to influence his songwriting and the messages he conveys through music.

According to him, his songs are guided not by trends or performance, but by what he feels in his heart and longs to express to God and his audience.

“I can hear things that this could go that way, and most often, all of it comes from the heart—what I want to tell God and people, and the way I feel about telling them,” he said.

He recounted a defining moment in his faith when he first encountered the song This Is My Desire, describing it as profoundly emotional and life-changing.

“The first time I heard the song, I felt like it was the story of my life. It was everything for me, like somebody had put together everything I wanted to say to God,” he said.

Despite acknowledging his personal flaws, Davies stressed that his ultimate desire is to live a life that honours God.

“I may have my flaws, but if there is one thing I desire from the depth of my heart, it is that my life would be a life that honours Him. What I wanted growing up was to make God feel glad He brought me into this world. That is one thing that always moves my heart,” he added.

Kane scores as Bayern thrash Heidenheim to end year on high

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Bayern Munich thrashed Heidenheim 4-0 in the final Bundesliga match of 2025.

Two first-half goals from Josip Stanisic and Michael Olise helped Bayern on their way to a win that sees them end the year nine points above second-placed Borussia Dortmund.

Stanisic headed home from close range, with Olise also striking inside the box.

Luis Diaz increased Bayern’s lead in the 86th minute, heading in Stanisic’s cross, before Harry Kane rounded off the victory by slotting into the bottom corner in second-half stoppage time.

England striker Kane captained the side in the absence of goalkeeper Manuel Neuer who was out with a hamstring injury.

Vincent Kompany’s side have now been on top of the Bundesliga standings for an entire calendar year – a top-flight first.

Bayern’s nine-point lead at the top is the second-biggest margin ever at this stage of a season.

The league will resume after the winter break on Friday, January 9 when Eintracht Frankfurt host Dortmund (19:30 GMT).

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.

Supercar Spectacle at Borteyman Sports Complex thrills fans with drifting

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The Supercar Spectacle happened at the Borteyman Sports Complex play videoThe Supercar Spectacle happened at the Borteyman Sports Complex

The Borteyman Sports Complex came alive on Sunday, December 21, 2025, as car enthusiasts and fans flocked to witness one of the biggest automotive events of the year.

The car show dubbed the Supercar Spectacle attracted some of Ghana’s most prominent personalities, including business mogul Ibrahim Mahama, former Ledzokuku Member of Parliament Bernard Oko Boye, entrepreneur Richard Nii Armah Quaye, and former Black Stars captain André Dede Ayew.

The highlight of the day was the exhilarating drifting displays. Skilled drivers slid their supercars with precision, thrilling the crowd with every controlled spin and screeching tyre.

Watch Antoine Semenyo’s goal in Bournemouth’s 1-1 draw against Burnley

The excitement reached another level when Ibrahim Mahama took the wheel, showing off his drifting skills and leaving fans in awe.

Car lovers were treated to a dazzling showcase of luxury vehicles, with sleek BMWs, Mercedes-Benzes, Audis, Lamborghinis, McLarens, and more lining the arena. Each car gleamed under the sun, drawing admirers who eagerly snapped photos and videos.

Fans from across the region turned out in large numbers, creating an electric atmosphere filled with cheers and applause. The combination of high-octane drifting, luxury cars, and appearances from Ghana’s elite made the event a celebration of both automotive excellence and star-studded glamour.

Watch highlights of the show below:

FKA/JE

Supercar Spectacle at Borteyman Sports Complex thrills fans with drifting

0

The Supercar Spectacle happened at the Borteyman Sports Complex play videoThe Supercar Spectacle happened at the Borteyman Sports Complex

The Borteyman Sports Complex came alive on Sunday, December 21, 2025, as car enthusiasts and fans flocked to witness one of the biggest automotive events of the year.

The car show dubbed the Supercar Spectacle attracted some of Ghana’s most prominent personalities, including business mogul Ibrahim Mahama, former Ledzokuku Member of Parliament Bernard Oko Boye, entrepreneur Richard Nii Armah Quaye, and former Black Stars captain André Dede Ayew.

The highlight of the day was the exhilarating drifting displays. Skilled drivers slid their supercars with precision, thrilling the crowd with every controlled spin and screeching tyre.

Watch Antoine Semenyo’s goal in Bournemouth’s 1-1 draw against Burnley

The excitement reached another level when Ibrahim Mahama took the wheel, showing off his drifting skills and leaving fans in awe.

Car lovers were treated to a dazzling showcase of luxury vehicles, with sleek BMWs, Mercedes-Benzes, Audis, Lamborghinis, McLarens, and more lining the arena. Each car gleamed under the sun, drawing admirers who eagerly snapped photos and videos.

Fans from across the region turned out in large numbers, creating an electric atmosphere filled with cheers and applause. The combination of high-octane drifting, luxury cars, and appearances from Ghana’s elite made the event a celebration of both automotive excellence and star-studded glamour.

Watch highlights of the show below:

FKA/JE

Temporary blackout hits parts of Greater Kumasi

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Parts of Greater Kumasi in the Ashanti Region experienced a temporary power outage on Sunday, December 21, 2025, following a minor fault at the Ghana Grid Company (GRIDCo).

The fault caused a reduction in electricity supply from GRIDCo to the Electricity Company of Ghana (ECG), prompting engineers to work on managing and resolving the issue.

Technical teams from both GRIDCo and ECG are on-site addressing the fault to restore power as quickly as possible.

Security patrols in affected areas have been intensified to ensure public safety during the outage.

Residents have been urged to remain calm as efforts continue to stabilise the system. Authorities apologised for the inconvenience and expressed appreciation for the public’s patience and cooperation during the temporary disruption.

Lands Minister commissions 636 Blue Water Guards to intensify galamsey fight

Police investigates baby theft at One Heart hospital, two nurses picked up

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The Northern Regional Police Command has picked up two nurses and a security guard to assist investigations into the alleged theft of a newborn baby at the One Heart Hospital in Lamashegu, a suburb of Tamale.

The Domestic Violence and Victim Support Unit (DOVVSU) of the Command said it received a complaint on Sunday, December 21, 2025, at about 10:30 a.m.

Preliminary police investigations indicate that a woman, posing as a nurse, entered the hospital’s labour ward and took away a newborn baby boy under the pretext of administering an injection.

The suspects, identified as Abubakari Fatima Bintu and Grace Asiedu Mensah, both nurses who were on duty at the time of the incident, as well as Abukari Iddi, the security guard on duty, were picked up to assist police with investigations.

Police say intelligence-led operations are currently underway to trace the missing baby and arrest any other persons connected to the case.

The Police Command has assured the public of its commitment to uncovering the truth and reuniting the baby with the family.

Pictures: Asantehene celebrates 9th Akwasidae in grand splendour

Justify why you are the best to lead NPP

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Kofi Tonto, a political aide and a deputy spokesperson to the former Vice President, Dr Bawumia Kofi Tonto, a political aide and a deputy spokesperson to the former Vice President, Dr Bawumia

Kofi Tonto, a political aide and a deputy spokesperson to the former Vice President, Dr Mahamudu Bawumia, has strongly criticized Dr Bryan Achaeampong, the New Patriotic Party’s (NPP) flagbearer hopeful, for blaming Bawumia while attempting to distance himself from the economic struggles faced by Ghana under the NPP government.

Tonto argued that Achaeampong, as a former Minister of Agriculture and a Member of Parliament, bears a significant responsibility for the country’s economic downturn, a phenomenon he cannot simply absolve himself of, if we are to apportion blames.

This statement comes after Achaeampong blamed Bawumia for the state of the economy during the tenure of former President Akufo-Addo.

The NPP flagbearer hopeful argued that Bawumia, who served as Vice President, played a central role in the economic mismanagement under the NPP Government, while shifting the blame away from other key players like the finance minister.

In a powerful response, Kofi Tonto questioned how Achaeampong could claim that the finance minister and the Minister of Agriculture had no role to play in the economy, yet accuse a Vice President, who under the constitution does not have a specific mandate in economic affairs, of being solely responsible for the country’s financial struggles.

Tonto emphasised that Achaeampong’s leadership as Minister of Agriculture cannot be overlooked, as the sector holds a crucial part of Ghana’s economy. “Agriculture accounts for about 40 percent of the country’s economy,” Tonto remarked. “If we are to assign blame for the economic failures, then Dr. Achaeampong, who was directly in charge of such a significant sector, cannot absolve himself.”

Furthermore, Tonto pointed out that Achaeampong’s role as a Member of Parliament (MP) and his responsibility in approving the national budget and loans makes him an essential part of any discussion about the economy.

“His position in Parliament gave him an important say in economic matters. He cannot ignore the role he played in the approval of budgets and loans that supposedly affected the nation’s financial landscape,” Tonto argued.

In his interview with Accra-based Kessben TV, Tonto also clarified that decisions made by the Economic Management Team (EMT), which included several prominent NPP officials, were not final without the approval of President Akufo-Addo and Cabinet.

This, he said, further undermines Achaeampong’s attempt to single out Dr Bawumia as the sole person to blame for the economic challenges faced during the previous administration.

Tonto added that blaming the Vice President, who does not have a direct constitutional role in economic policy formulation, overlooks the broader and collective responsibility of the entire government, including Achaeampong’s own involvement in a crucial sector like the Ministry of Agriculture.

Tonto further cautioned against blame games and urged Acheampong to focus on why he is the best to lead the NPP for the 2028 elections.

“All the flagbearer hopefuls are fine gentlemen and achievers. That is why it is imperative that they focus on why the best are to lead. You cannot blame or denigrate your competitor as a failure and then later turn around to campaign for that person,” Tonto remarked.

MTN Ghana Honours Customers in Grand Style at Yellow Soirée in Accra

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MTN Ghana Honours Customers in Grand Style at Yellow Soirée in Accra
Chief Executive Officer Of MTN Ghana Stephen Blewett

MTN Ghana has marked 10 years of its Customer Soirée, popularly known as the Yellow Soirée, with a grand celebration at the Labadi Beach Hotel in Accra, honouring customers whose loyalty and partnership have remained central to the company’s growth and success over the past decade.

The annual event brought together distinguished guests, valued customers, stakeholders, business partners, and members of the media for an evening of appreciation, engagement, and entertainment, aimed at strengthening the relationship between MTN Ghana and its customers.

Speaking at the event, Chief Executive Officer of MTN Ghana, Stephen Blewett, described the Yellow Soirée as a unique platform created to move beyond routine business interactions and connect with customers on a more personal level.

“This year’s soirée is especially meaningful because it marks a decade of shared moments, open conversations, and strong relationships built on trust and partnership,” Mr. Blewett said. “Our theme, A Decade of Joyful Connections – Celebrating You, reflects our deep appreciation for the customers who make everything we do possible.”

Mobile Money Ceo At Yellow Soirée

He explained that the initiative, introduced in 2015, was designed to create space for dialogue, feedback, and genuine appreciation, noting that customer insights gathered over the years have influenced improvements in MTN’s network quality, digital services, Mobile Money platform, and customer experience initiatives.

According to Mr. Blewett, every call, message, data session, and Mobile Money transaction represents trust placed in MTN by individuals, households, businesses, schools, and communities across Ghana a trust that continues to drive the company’s investments and innovation agenda.

Chief Customer Experience Officer Of Mtn Ghana  jemima Kotei Walsh

On behalf of MTN Ghana’s Board of Directors, management, engineers, agents, customer service teams, and channel partners, the CEO thanked customers for choosing MTN and for their unwavering loyalty.

Highlighting a major milestone in 2025, Mr. Blewett announced the approval of the merger between Mobile Money Limited and Mobile Financial Services Limited, describing it as a strategic move that strengthens MTN’s foundation for innovation and positions the company to deliver safer, more inclusive, and more advanced digital and financial services nationwide.

He further disclosed that 2026 will mark MTN Ghana’s 30th anniversary, assuring customers of continued investments in network expansion, improved coverage, faster internet speeds, and enhanced customer experience and loyalty programmes as part of preparations for the milestone celebration.

Chief Customer Experience Officer Of Mtn Ghana  jemima Kotei Walsh speaking
Chief Customer Experience Officer of MTN Ghana, Jemima Kotei-Walsh

The Chief Customer Experience Officer of MTN GhanaJemima Kotei-Walsh reiterated the company’s gratitude to customers and stakeholders for their sustained support over the past decade.

“We recognize and sincerely thank our valued customers and stakeholders for their loyalty. This programme has run consistently for the past 10 years, and the theme A Decade of Joyful Connections captures the strong relationships we have built with our customers,” she said.

Ms. Jemima noted that MTN Ghana’s customers remain the backbone of the business and assured them of exciting loyalty benefits and customer-focused initiatives in the coming year.

Attendees Receiving Gift

“There is a lot to look forward to in 2026. We are hopeful that more customers will join our network, and as we approach our 30th anniversary in Ghana, we have many surprises lined up,” she added.

She reaffirmed MTN Ghana’s dedication to creating a more connected, inclusive, and digitally empowered society, while maintaining strong partnerships with customers who continue to fuel the company’s success.

Attendees Receiving Gift

The celebration itself reflected MTN Ghana’s appreciation for its customers. All attendees received gift parcels, while 50 randomly selected customers were rewarded with high-end devices including iPhones, Samsung smartphones, tablets, and other branded MTN souvenirs.

In a special highlight of the evening, customers who celebrated their birthdays on the same day were also honoured with birthday cakes and special MTN gifts, adding a warm and personal touch to the occasion.

The night concluded with dynamic musical performances from award-winning musician Kofi Kinaata, who thrilled guests with a selection of his popular hits, adding colour, energy, and excitement to the celebratory atmosphere.

Kofi Kinaata Performing

 

 

 

President Mahama’s Call to Action on Slavery, Colonialism, and the Role of Ghanaian Universities

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In a stirring address at the 2025 Diaspora Summit in Accra, former President John Dramani Mahama issued a powerful challenge to Ghana and the wider African diaspora: reclaim the narrative of slavery and colonialism, and do so through education, memory, and truth-telling.

His words—delivered before a global audience of scholars, activists, and diaspora leaders—were more than a reflection on history. They were a call to action, one that could shape the academic and cultural agenda of Ghana’s universities in 2026 and beyond.

“A Graveyard of Our Ancestors”

Standing before the symbolic backdrop of Ghana’s coastal slave forts, Mahama reminded the world that these sites are not just tourist attractions—they are sacred grounds. “They are a graveyard of our ancestors,” he declared, urging Ghanaians to confront the painful truths buried in stone and silence.

For centuries, Africa’s history has been told through the lens of colonial powers. The transatlantic slave trade, the violent imposition of foreign rule, and the erasure of indigenous knowledge systems have all been filtered through narratives that diminish African agency and resilience. Mahama’s speech challenged this distortion head-on.

The University as a Site of Historical Justice

While Mahama did not announce a formal university initiative, his framing of the issue as a “historical and educational imperative” suggests that Ghana’s academic institutions—especially its public universities—have a critical role to play.

Imagine a 2026 where:

  • Curricula are decolonized, centering African perspectives on slavery, resistance, and post-colonial identity.
  • Truth commissions are launched within universities to document local histories of enslavement, migration, and survival.
  • Diaspora partnerships bring together scholars from Ghana, the Caribbean, the Americas, and Europe to co-create knowledge and memory.
  • Digital archives and memorials are built by students and faculty to preserve oral histories and community testimonies.

Such initiatives would not only honor the past but also empower a new generation to engage with history as a tool for justice, healing, and transformation.

Beyond Symbolism: Toward Structural Change

Mahama’s speech resonates with a broader global movement to decolonize education. From South Africa’s #RhodesMustFall to Caribbean reparations campaigns, there is growing recognition that historical redress must begin in the classroom.

In Ghana, this could mean:

  • Establishing a National Center for Historical Justice and Memory at the University of Ghana or Cape Coast.
  • Funding interdisciplinary research on the legacies of slavery and colonialism in law, health, agriculture, and governance.
  • Hosting annual truth-telling forums that bring together elders, students, and diaspora voices.

These are not abstract ideals—they are actionable steps that align with Mahama’s vision and Ghana’s leadership in Pan-African discourse.

A Moment of Opportunity
As 2026 approaches, Ghana stands at a crossroads. Will we continue to outsource our history, or will we reclaim it with courage and clarity?

President Mahama’s call is not just for remembrance—it is for responsibility. It is a reminder that the university is not merely a place of learning, but a crucible for national healing and global leadership.

Let us rise to the challenge. Let us make 2026 the year Ghana’s universities become sanctuaries of truth, memory, and liberation.

Retired Senior Citizen
Teshie-Nungua
[email protected]

Diaspora integral to Ghana’s economic transformation – Nana Oye Bampoe

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Nana Oye Bampoe Addo, Deputy Chief of Staff Nana Oye Bampoe Addo, Deputy Chief of Staff

Nana Oye Bampoe Addo, Deputy Chief of Staff in charge of Administration, has called for a more deliberate and structured engagement with the African diaspora.

She described the diaspora as an integral extension of Ghana’s political, economic and intellectual space, rather than a symbolic “17th Region.”

Speaking at the ongoing Diaspora Summit, she said Ghana’s history had never been confined to its physical borders, noting that the ideas, skills, capital and values carried by Ghanaians and people of African descent across the world had shaped the nation in ways that statistics could not fully capture.

Oye said the Summit was compelling Ghana and Africa to confront deep-rooted structural distortions in their economies, many of which were inherited from colonial systems designed around raw material exports and dependence on imported finished goods.

She said more than 70 per cent of what Ghana consumed was imported, with billions of euros spent annually on food imports such as rice, poultry, sugar and vegetable oil, as well as hundreds of millions on essential medicines. This pattern, she said, drained foreign exchange, suppressed domestic production and limited job creation for the youth.

According to her, the challenge was not accidental but embedded in a resilient colonial economic design that continued to expose Ghana and other African countries to global price shocks and external vulnerabilities.

Oye stressed that reversing this legacy required a fundamental restructuring of the economy towards value addition, industrial production and export competitiveness, with the diaspora playing a central role in that transformation.

She noted that while remittances from abroad had helped stabilise incomes and consumption, consumption without production only deepened dependency and undermined sustainable growth.

She said Africa’s shared history of suffering, resilience and human ingenuity demonstrated that African civilisation could neither be erased nor silenced, adding that the global African family—from the continent to the Americas and beyond—had consistently shown the strength to push forward a transformation agenda.

She said the Summit was not only about memory and historical redress, but also about reimagining production systems, investment flows and partnerships that could deliver jobs and prosperity for young people.

Augustus Goosie Obuadum Tanoh, Presidential Advisor on Ghana’s 24-Hour Economy and Accelerated Export Development, said the government’s flagship economic reorganisation programme was designed to tackle these structural weaknesses.

He explained that the 24-Hour Economy Programme sought to organise production around integrated value chains in strategic sectors, linking agriculture to processing through agro-industrial partnerships supported by logistics hubs, reliable energy and export platforms.

Tanoh said many productive assets in the country—factories, warehouses, ports, hospitals, banks and markets—were operating below capacity due to fragmented and inefficient systems that created bottlenecks between production, processing, logistics and markets.

He said the new programme addressed these gaps by ensuring that services such as health, finance and growth industries operated efficiently across time, in recognition of the fact that global markets function continuously and that value chains are increasingly time-sensitive.

He noted that the diaspora’s experience in industrialised economies placed it at the heart of Ghana’s transformation agenda, as many diaspora professionals understood how value chains functioned, how exports were financed, how standards were enforced and how markets were accessed.

According to him, the challenge was to channel diaspora skills, capital and networks into investment, processing and export-oriented enterprises, rather than limiting engagement to consumption-driven remittance flows.

Tanoh said Africa’s combined GDP of about 3.4 trillion dollars and a regional market of hundreds of millions of people presented vast opportunities if approached collectively, with the diaspora playing a decisive role as what Ghana now describes as its 17th Region.

He noted that agro-processing facilities currently operated at only 30 to 40 per cent of capacity, while innovation hubs and production markets linked to large consumer bases could unlock significant value if properly financed and integrated.

He said the government had already taken steps to lower barriers to engagement, including the introduction of a visa-on-arrival policy for Africans and people of African descent, strengthened investment facilitation through the Ghana Investment Promotion Centre, improved access to land, regulatory reforms and the development of industrial infrastructure.

These measures, he said, were aimed at building a predictable and competitive enterprise ecosystem capable of attracting long-term investment.

Morocco cruise to 2-0 victory against Comoros

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Morocco defeated Comoros 2-0 Morocco defeated Comoros 2-0

Morocco have opened their 2025 Africa Cup of Nations account with a victory against Comoros at the Stade Prince Moulay Abdallah in Rabat on Sunday, December 21, 2025.

Two second half goals from Brahim Diaz and Ayoub El Kaabi helped the Atlas Lions to get a perfect start to the 35th edition of the Africa Cup of Nations.

Morocco missed a chance to break the deadlock after only 11 minutes, when Iyad Mohamed’s needless foul on Brahim Díaz resulted in a penalty.

However, Comoros goalkeeper Yannick Pandor spared Mohamed’s blushes by saving Soufiane Rahimi’s penalty with his leg.

The first half ended goalless as Morocco couldn’t convert their possession into meaningful chances.

The second half turned quickly as Brahim Daiz broke the deadlock in the 55th minute before Ayoub El Kaabi doubled the lead with a sensational overhead kick in the 74th minute.

This marks the fourth consecutive edition in which the host nation has opened the tournament with a victory.

JE

Lithium deal must be consultative and data-driven – Franklin Cudjoe

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President of IMANI Africa, Frankline Cudjoe, has raised concerns over the proposed royalty structure in the lithium mining agreement between the Government of Ghana and Barari DV Ghana Limited, arguing that the current arrangement could undermine the country’s ability to derive maximum benefit from its lithium resources.

His comments follow the decision by the government to reintroduce the lithium mining agreement to Parliament after it was earlier withdrawn to allow for further stakeholder consultations.

The resubmission has reignited debate over the proposed royalty rate of five per cent, which critics say represents a reduction from the 10 per cent rate negotiated under the previous administration.

They argue that the lower rate could significantly limit Ghana’s returns from the exploitation of its lithium deposits.

In a Facebook post shared on Sunday, December 21, 2025, Mr Cudjoe said that despite the introduction of a sliding scale for royalty calculations, the starting royalty rate remained at five per cent, not seven per cent as earlier suggested.

He explained that under the current structure, the royalty rate would remain at five per cent until lithium prices exceed the minister’s benchmark price of 1,500 dollars per tonne.

He noted that the current market price of lithium stood at about 1,200 dollars per tonne, while the investor’s production cost was estimated at 610 dollars per tonne, translating into a profit margin of nearly 45 per cent.

Mr Cudjoe contrasted this with the 2024 negotiations, stating that the same investor was willing to sign an agreement when profit margins were below 20 per cent, based on an average price of 800 dollars per tonne and the same production cost, under a royalty rate of 10 per cent.

He also questioned figures presented by the sector minister in a recent interview, describing as inaccurate the basis for a five per cent starting royalty rate tied to a lithium price of 3,000 dollars per tonne as of 2024.

“The Minister’s figures, which he presented in an interview he granted for the basis of a start-off royalty of 5% at $3000 per tonne as of 2024, are inaccurate,” he stated.

Mr Cudjoe said, given President John Dramani Mahama’s public engagement and interest in the lithium discussion, the minister must ensure that all decisions related to the agreement were transparent, consultative, and data-driven, in line with the President’s stated direction.

“Given President John Dramani Mahama’s serious regard for the Lithium conversation by publicly engaging on the subject, we would urge the Minister to ensure that all decisions related to this matter are transparent, consultative, and data-driven as the President has clearly directed,” he added.

Gov’t resubmits Lithium mining agreement to Parliament

KNUST remains unchanged, so why rename others?

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A former Education Minister, Dr. Mathew Opoku Prempeh, has weighed in on the ongoing public debate over the renaming of some public universities, insisting that the process should not descend into pettiness.

He argued that those spearheading the changes are attempting to rewrite Ghana’s history to suit personal interests.

Parliament recently approved legislation amending the names of several public universities to strengthen institutional identity and enhance global competitiveness.

Under the new law:

  • C.K. Tedam University of Technology and Applied Sciences will now be known as University of Technology and Applied Sciences, Navrongo.
  • Simon Diedong Dombo University of Business and Integrated Development Studies will become University of Business and Integrated Development Studies.
  • Akenten Appiah-Menka University of Skills Training and Entrepreneurial Development will be renamed University of Skills Training and Entrepreneurial Development, Kumasi.

Dr. Opoku Prempeh, also known as NAPO speaking at the 8th Opemsuo Lecture organised by the Ashanti Professionals Club in Kumasi, questioned why Kwame Nkrumah University of Science and Technology (KNUST) has remained unchanged while universities named after notable individuals are being renamed.

He urged intellectuals to speak out, saying, “We woke up to news about the renaming of some public universities, yet KNUST remains unchanged. It is very difficult to understand the motive behind this, as though some people want to rewrite Ghana’s history starting from 1979 — and our intellectuals are silent on the matter.

“I served as Minister of Education, and the original name, Kwame Nkrumah University of Science and Technology, was established by Act 80 enacted by the CPP Government, which named the university after Dr. Kwame Nkrumah. If KNUST can bear his name, then why can’t others who have contributed to the establishment of universities also be honoured?”

LIVESTREAMED: Morocco vs Comoros (Opening Game of 2025 AFCON)

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LIVESTREAMED: Morocco vs Comoros (Opening Game of 2025 AFCON)

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    5751

  • play video

    Freezy Macbones’ stunning Ashanti-inspired entrance to the ring

    21 December 2025
    5718

  • play video

    Watch Antoine Semenyo’s goal in Bournemouth’s 1-1 draw against Burnley

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    Highlights: Jonathan Tetteh defeats Freezy Macbones to win WBA Africa Light Heavyweight title

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UCC appeals for financial clearance for recruitment  

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By Prince Acquah   

Cape Coast, Dec 21, GNA – The University of Cape Coast (UCC) has appealed to the government for financial clearance to recruit more academic staff to foster effective academic work.   

The request follows the Ghana Tertiary Education Commission’s (GTEC) directive on retirement, enjoining staff of universities who had attained the age of 60 to proceed on compulsory retirement.   

Speaking at the climax of the university’s 58th congregation on Saturday, Professor Denis Worlanyo Aheto, the Acting Vice-Chancellor, indicated that 38 academic staff involving senior faculty in the ranks of professors, associate professors and senior lecturers had been affected by the directive.   

He said many of them had to leave impromptu without any formal planning, a situation which had put a lot of constraints on the university’s administration.   

He indicated it was not sustainable for the university to rely on part-time lecturers, particularly for the emerging programmes, stressing the need for permanent recruitments.   

The climax of the 58th congregation was a special occasion for the School of Graduate Studies (SGS) where a total of 4,154 postgraduate students were honoured and duly graduated.   

While the ninth session graduated 1,904 students, the 10th and final session graduated 2,250 students including 128 Doctor of Philosophy (PhD) graduands.   

Also among the graduands were 433 senior police officers who had successfully completed their postgraduate diploma in security studies, a programme which equipped them with enhanced analytical, managerial, and strategic skills to address complex security challenges.   

Meanwhile, the university graduated a total of 13,388 undergraduates in the first to eighth sessions held from Tuesday to Friday, bringing the total number of graduates for the 58th congregation to 17,542.   

Prof Aheto lamented the age-old infrastructure deficit in the university, particularly accommodation for students, which he said was taking a dire toll on enrolment and students’ welfare.   

He noted that of the 11,500 students who enrolled in the 2024/2025 academic year, the university could only provide on-campus accommodation for nearly 6,000 students, leaving the rest to their own fate.    

“Approximately 5,500 first year students require hostel accommodation while nearly 20,000 continuing students depend on private hostels in surrounding communities and neighbouring towns.  

“The situation is further compounded by postgraduate students who also compete with undergraduate students for the limited facilities on and around campus,” he said.   

The Acting Vice-Chancellor announced that the university’s governing council at its recent meeting considered a comprehensive proposal aimed at guiding strategic partnerships and sustainable financing mechanisms for students housing development as part of efforts to mitigate the challenge.   

He called for strategic interventions and investment in student housing infrastructure, appealing to development partners, investors and all relevant stakeholders.   

Prof Aheto reaffirmed UCC’s commitment to graduate education to foster quality teaching, research and community service.   

He said SGS was contributing immensely to Ghana’s human capital development , research output, policy discourse and living up to the hallmark of the university.   

Touching on the postgraduate diploma for the senior security officer, he said the course demonstrated UCC’s shared commitment to professional development, strategic leadership and national security.   

“The department has also developed the top-up for the programme for a masters degree and hopefully by 2026, the programme will begin,” he announced.   

In spite of the challenges, Prof Aheto said UCC was breaking barriers and setting the pace in many areas, especially in research.   

Touching on some achievements, he said the university had been ranked first in Ghana and West Africa for fifth consecutive year and rated 11th in Africa by the Times Higher Education in its 2026 World University Rankings.   

Justice William Anaam Atuguba, Chairman of Governing Council, reminded the granduands of their responsibility to society and entreated them to deploy their expertise with integrity, humanity and a strong sense of social responsibility.   

GNA   

Edited by Alice Tettey/Christian Akorlie    

GH¢1bn planned payment ‘a drop in the ocean’ – Construction Chamber

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The President of the Ghana Chamber of Construction Industry, Emmanuel Cherry, has described the government’s planned release of GH¢1 billion to road contractors as grossly inadequate, warning that it will do little to ease the financial distress facing the sector.

His comments follow a directive by President John Dramani Mahama to the Ministry of Finance to release GH¢1 billion to contractors owed by the state since 2017, with payment expected to be made before Christmas.

President Mahama announced the directive during a sod-cutting ceremony for the Sunyani–Atronie–Acherensua Road Project in the Bono Region on Sunday, December 21, 2025, under the government’s Big Push infrastructure programme.

Speaking on the Channel One Newsroom later the same day, Mr Cherry acknowledged the President’s intervention but stressed that the amount earmarked for payment represents only a fraction of what contractors are owed.

“As the President ordered, he made it known that the Minister for Finance should look for GH¢1 billion to pay us. That amount is out of the GH¢8.2 billion owed under the Road Fund alone,” he said.

According to him, the proposed payment falls far short of expectations and raises questions about how the funds would be distributed among contractors.

“Even though it is money, it is woefully inadequate. It is not even a quarter, let alone three-quarters, of what is owed. If it happens this way, the question is who is to be paid and who is not going to be paid,” he noted.

Mr Cherry added that if the payment is shared across all contractors with validated certificates, the percentage each contractor would receive would be minimal.

“Sincerely, GH¢1 billion will not fly. It will not get anywhere. The Christmas the President is talking about that we are going to celebrate, I don’t know how we are going to do that,” he said.

He explained that road contractors alone are owed about GH¢8.2 billion, making the GH¢1 billion release “a drop in the ocean,” though he conceded that some relief is better than none.

“It is a drop in the ocean, but half a loaf, they say, is better than one,” he added.

Mahama orders GH¢1bn payment to contractors owed since 2017

Fitch affirms Bank of Africa at ‘BB’; outlook stable

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Ratings agency, Fitch, has affirmed Bank of Africa’s (BOA) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘BB’ with Stable Outlooks.

It has also affirmed BOA’s Government Support Rating (GSR) at ‘bb’ and Viability Rating (VR) at ‘bb-‘.

According to the UK based firm, BOA’s IDRs are driven by potential support from the Moroccan authorities, as reflected in the bank’s GSR of ‘bb’. The Stable Outlooks mirror those on the sovereign ratings.

“BOA’s VR considers its solid franchise in Morocco and its pan-African presence, which brings diversification benefits to the business model. BOA’s healthy performance and sound funding and liquidity are balanced by weaker, but improving, capital ratios and asset quality. Its National Rating reflects its creditworthiness relative to other Moroccan issuers’”.

Solid Franchise

The ratings agency said BOA has a solid franchise and domestic systemically important bank status in Morocco with a 14% market share.

It operates across 32 countries, mostly in Africa, with contributions from operations outside Morocco representing about half of the group’s net income.

Higher Risk Profile Than Peers

It explained that BOA’s risk profile is higher than domestically-focused peers’ due to a large presence in higher-risk markets outside Morocco.

However, risks are mitigated by improved risk controls across the group and cautious growth. Ongoing efforts to clean up the balance sheet, including reducing legacy exposures and strengthening asset quality, reinforce the bank’s overall risk profile.

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.

Fuel prices: Ghana ends year at 23rd position in Africa

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Despite significant drop in fuel prices, Ghana ends the year placing 23rd on the African continent.

According to GlobalPetrolPrices.com, gasoline or petrol sold at US$1.297 per litre as of 15th December, 2025.

On the other hand, gas oil or diesel is going for US$1.145 per litre.

Central African Republic ($1.883) was ranked 1st in Africa with the highest fuel prices.

It was followed by Senegal ($1.650), Zimbabwe ($1.560), Burkina Faso ($1.525) and Cameroon ($1.507) in 2nd, 3rd, 4th, and 5th positions, respectively.

The countries with the least fuel prices on the African continent were Libya ($0.028), Angola ($0.327), Algeria ($0.355), Egypt ($0.443) and Nigeria ($0.542).

Brent crude is going for US$60.47 on the international market.

Meanwhile, some Oil Marketing Companies (OMCs) have begun reducing fuel prices at the pumps in line with industry projections.

This follows the Chamber of Oil Marketing Companies outlook report that prices of petroleum products could decline by as much as 4.0% per litre in the second pricing window for December 2025.

Based on that, the price of petrol is expected to fall by between 1.64% and 3.89%, bringing the pump price per litre to about GH¢12.90.

Diesel, on the other hand, could go down as much as 4.59%, resulting in a litre selling at about GH¢13.20.

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.

Four arrested in police swoop on criminal hideouts in Paga

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Tese suspects were arrested during the raid Tese suspects were arrested during the raid

The Upper East Regional Police Command has arrested four suspects in a targeted operation at Paga in the Upper East Region.

This operation is part of efforts to clampdown crimes in the northern part of the country especialyy the borders.

Three suspects arrested over viral video of toddler served alcohol

According to a post shared on social media by the Ghana police service, the suspects arrested on December 18, 2025, at various locations along the Paga border, were identified as Kofi Boateng, Eric Owusu and Godwin Agosa, all porters and Abdul Aziz Bukari, a driver’s mate.

They were arrested during a coordinated raids on criminal hideouts and areas suspected of being peddling locations within Paga in the Upper East Region.

The police said that several exhibits were retrieved during the operation, including eight jackpot gaming machines, thirteen rolls of dried leaves suspected to be Indian hemp, and three mobile phones.

Police nab 25 suspected criminals at Techiman in major security swoop

Other items were three scissors, three lighters, one power bank, one empty phone case and an amount of twenty-five Ghana cedis.

According to the police, all the suspects are in police custody assisting with investigations, and those found guilty will be arraigned before the court to face the law.

Read full post below:

RAD/AM

AG transmits extradition requests to US authorities for Ken Ofori-Atta and Ernest Akore

Kennedy Agyapong’s political waywardness and the leadership refusal to act

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How indiscipline, unchecked rhetoric, and internal silence are eroding the NPP from within

Kennedy Agyapong remains a member of the New Patriotic Party (NPP). He has also been cleared to contest the flagbearership with the other four contestants. These two facts alone are not mere political developments – they are terminal symptoms of a dying party

President Mahama promises action against embezzlement

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US$97 million was reportedly used to dig the pit for the National Cathedral US$97 million was reportedly used to dig the pit for the National Cathedral

President John Dramani Mahama has stated that anyone found to have misappropriated funds in the National Cathedral project will face the full rigors of the law.

Speaking during a sod-cutting ceremony for the Sunayi-Atronie-Achrensua project on Sunday, December 21, 2025, he stated, “The $97 million used to dig the pit for the National Cathedral will be thoroughly scrutinized. We have requested the Auditor-General to conduct a forensic audit to expose any wrongdoing. Anyone found to have embezzled state funds will face the law, so we have not abandoned the matter, investigations are ongoing.”

National Cathedral project not abandoned – Board

An audit report by Deloitte Ghana covering 2021 to 2023 has revealed millions of cedis in unsupported payments, weak financial controls, and material risks threatening the project’s sustainability.

Deputy AG Srem-Sai provides update on National Cathedral case

The report pointed out gaps in documentation, contract management, and revenue reconciliation, raising serious concerns over the cathedral’s financial discipline.

JKB/EB

What Cletus Avoka said that made Otumfuo warn him over Bawku conflict:

MTN-Ghana organises FinTech Stakeholder Dinner, Awards Night  

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By Emelia B. Addae 

Koforidua, Dec. 21, GNA – MTN- Ghana has organised the FinTech Stakeholder Dinner and Awards Night 2025, with its partner banks, financial institutions, momo agents, and others, to appreciate the foundation of its success and partnerships. 

The awards night held at Koforidua, was under the theme: ” Celebrating the Power of Partnership and Service Excellence.” 

It reviewed its partner performance, customer support, adoption rates, and the use of advanced technology. 

In all, 74 deserving partners from the Eastern, Volta, and Oti regions were awarded. 

They included Newton Ventures, Senetel Link Ventures, Engage Initiative, Classic B.K. Amoah Ventures, and Linda Dor Enterprise. 

In his speech, Mr. Kwasi Osei Hyeaman, the Acting Commercial Manager, South-East of the MTN- Ghana, said the awards inspired every ecosystem player to strive for the highest service standards. 

He highlighted Mobile Money Limited’ s evolution and stewardship, saying, “When mobile money was launched 16 years ago, our goal was simple: to enable easy transfers and airtime purchases via basic phones.  

“Today, that simple idea has evolved into a lifestyle enabler. Our mission has deepened: to drive financial inclusion and adoption, enhance financial literacy, and support an economy where digital payments, credit, investments, and savings empower everyone. ”  

He said as key players in the FinTech industry, they were excited about the prospects of the evolving landscape driven by key policy initiatives such as digital lending, virtual assets, opening banking, and the prospects of e-cedi. 

Mr. Hyeaman stated, “We are encouraged by the government’s commitment to the digital future of Ghana through initiatives such as the proposed FinTech Growth Fund to support startups and the introduction of an AI-Powered Trade Data Analytics system to modernise revenue collection. ” 

These are crucial initiatives to enhance innovation, drive transparency in revenue mobilization, and create a healthier ecosystem for all, he said. 

He acknowledged the Bank of Ghana, whose visionary leadership and enabling regulatory frameworks had allowed the industry to innovate, thrive, and transform our nation.  

Mr. Ransford Gyan, Area Sales Manager, South-East Business, of MTN-Ghana, urged its partners to continue to push boundaries, design, innovative solutions and create opportunities that advance Ghana’s digital financial ecosystem. 

GNA 

Edited by Linda Asante Agyei 

Africa’s downstream energy sector emerging as major investment frontier – ARDA

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Africa’s downstream energy sector is increasingly being positioned as one of the world’s next major investment frontiers, as rising population, urbanisation and industrial growth drive unprecedented demand for fuel and clean cooking solutions.

The African Refiners and Distributors Association (ARDA) says while the continent has enormous energy potential, attracting global capital will depend on improving bankability through regulatory discipline, infrastructure development and harmonised fuel standards.

A statement issued by Anibor Kragha, Executive Secretary of ARDA, said investors were not deterred by demand, but by uncertainty.

“Africa has plenty of potential, but capital flows to predictability, discipline and credibility,” the statement said in an industry brief, noting that fragmented regulations, weak infrastructure and financing risks had historically undermined investor confidence in downstream projects.

It said Africa’s energy demand is projected to grow sharply over the coming decades. By 2050, one in every four people globally was expected to live on the continent, intensifying demand for refined petroleum products, LPG and associated infrastructure.

ARDA estimated that crude oil consumption in Africa could rise from about 1.8 million barrels per day in 2024 to 4.5 million barrels per day by 2050.

Despite this growth, it said downstream investment had lagged behind upstream production, forcing many countries to export crude oil while importing refined products at higher cost.

The Organisation of Petroleum Exporting Countries (OPEC) estimates that Africa would require more than 100 billion dollars in refining investment by 2050 to meet rising demand, including upgrades to existing facilities, refinery expansions and new projects, the statement said.

It, however, said many downstream projects across the continent struggle to reach financial close due to what it describes as a “bankability gap”.

Global investors, it noted, required stable regulatory frameworks, predictable feedstock supply, bankable offtake arrangements, enforceable contracts and credible project preparation.

It said often countries encountered inconsistent fuel standards, shallow ports, congested depots, limited storage capacity, exchange-rate volatility and policy uncertainty.

“One major constraint identified is the lack of harmonised fuel specifications across Africa. Out of 54 countries, 46 maintain national fuel standards, resulting in 12 different gasoline grades and 11 diesel grades, with sulphur levels varying widely,” it said.

The statement said that upgrading African refineries to cleaner fuel standards would require about 16 billion dollars in investment, and that such spending would unlock regional trade, reduce costs, improve public health and align the continent with global fuel norms.

“Infrastructure bottlenecks also continue to weigh heavily on the sector. A 2024 industry whitepaper cited by ARDA highlights shallow ports, congested berths, inadequate storage, overused roads and pipelines, and single points of failure across fuel supply chains,” it said.

“These inefficiencies, ARDA said, add between 20 and 30 dollars per tonne to landed fuel costs and weaken confidence in the reliability of supply systems, even as new refining capacity, including the Dangote refinery, comes onstream.”

The statement said ARDA pointed to clean cooking as one of Africa’s most significant untapped energy markets.

More than one billion Africans it said relied on biomass for cooking, with the number increasing by about 220 million since 2010, posing serious health, environmental and social risks.

The Association said the scale of unmet demand makes Africa one of the most attractive global markets for liquefied petroleum gas (LPG) investment.

The statement recommended a blueprint aimed at making Africa’s downstream markets more investment-ready to address the issues.

It called for priorities, including harmonising low-sulphur fuel standards, rebuilding infrastructure across the value chain, embedding regulatory and investment discipline, scaling up LPG adoption and developing a pipeline of bankable projects.

The statement said it was working with the African Union Commission, United Nations agencies and regional economic communities to promote cleaner fuels, while also advocating deeper ports, expanded storage, rehabilitated pipelines and more resilient logistics systems.

It said it was also supporting initiatives to mobilise large-scale financing for clean cooking, including a proposed one-billion-dollar LPG fund to support bankable projects across the continent.

“Through thematic workgroups, training programmes and high-level industry forums, ARDA says it is building technical capacity, strengthening governance and supporting the development of a skilled workforce to drive Africa’s energy transition,” it said.

Africa’s downstream sector represents one of the last large-scale, high-growth energy investment opportunities globally.

“For investors seeking long-term returns anchored in real demand, Africa’s downstream sector is not just an opportunity, it is the next frontier,” it said, stressing that sustained capital inflows would depend on discipline, transparency and credible project delivery.

Burkina Faso, Mali and Niger launch Sahel regional force

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Sahel countries have launched a unified armed force Sahel countries have launched a unified armed force

At an airforce base in Bamako, Mali’s army ruler General Assimi Goita presided over a ceremony marking the creation of a unified force for the Sahel countries.

The force is the latest in a series of measures by Burkina Faso, Mali, and Niger to achieve closer integration.

The three countries are all led by juntas and are beset by an Islamist insurgency.

In January, Niger’s defence minister said that the 5000-strong force would ‘intervene together’ to counter security threats in the region.

Burkinabe General Daouda Traoré was appointed to head the force, which will maintain a command base in Niamey, Niger’s capital.

The ceremony in Bamako was attended by the defence ministers of the Sahel Alliance member states, as well as ambassadors and representatives of international organizations accredited to Mali.

Burkina Faso, Mali, and Niger formed the Sahel alliance after withdrawing from ECOWAS, which the alliance accuses of being inhumane, imposing coup-related sanctions, and working against the interests of citizens in alliance countries.

Volta Regional Minister opens 2nd Regional Youth Camp of Ghana Red Cross  

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By Michael Foli Jackidy  

Ho (V/R), Dec. 21, GNA – Mr James Gunu, the Volta Regional Minister, has attended the opening ceremony of the Second Volta Regional Youth Camp and Leadership Training organised by the Ghana Red Cross Society at Sokode Senior High Technical School.  

The five-day camp, scheduled from December 19 to 23, is being held under the theme: “Empowering Youth Leadership for Humanitarian Action and Resilience.”  

It brought together young people from across the region to equip them with essential leadership skills, humanitarian values, and the mindset required to serve humanity and build resilient communities.  

Delivering the keynote address, Mr Gunu reaffirmed the Red Cross’s core principle that “Humanity Comes First,” and stressed the critical role of young people in responding to climate challenges, health emergencies, and growing social pressures.  

He encouraged participants to look beyond personal interests and embrace compassion-driven action, noting that even the smallest act of kindness could make a significant difference when motivated by a genuine desire to serve others.  

As a demonstration of his commitment to youth development and humanitarian service, Mr Gunu donated GHS10,000.00 to support the successful organisation of the camp.  

He commended the Ghana Red Cross Society, facilitators, partners, and stakeholders for their dedication to empowering young people and strengthening humanitarian leadership in the region.  

The Regional Minister urged the participants to learn with humility, lead with integrity, and serve with passion, encouraging them to carry the values of humanity, service, and resilience into their schools, communities, and everyday lives.  

“When youth are empowered, communities are transformed. The future of humanitarian leadership begins with you,” he stated.  

In his remarks, Mr Bright Agordzor, the Volta Regional Chairman of the Ghana Red Cross Society, outlined the key objectives of the camp, which include training in first aid, youth leadership development, and volunteer ethics.  

Mr Agordzor appealed for financial and logistical support, as well as sponsorship for school-based Red Cross groups, and expressed appreciation to Mr Gunu for his continued support in his role as the Regional Chief Patron of the Ghana Red Cross Society.  

GNA  

Edited By: Maxwell Awumah/Christian Akorlie   

Sharaf Mahama’s Legacy Rise Sports Turns Accra Into a Global Sports Capital

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Accra took center stage in global sport as Legacy Rise Sports, led by Sharaf Mahama, delivered a landmark international boxing event broadcast live on DAZN, signaling a new era for Ghana and Africa’s place in the global sports economy.

Held at Legon Sports Stadium, the event drew a packed crowd and unprecedented attention, not only for the fights themselves but for who was in the room. The President of Ghana, H.E. John Dramani Mahama was in attendance, alongside some of the most iconic figures in Ghanaian football history, including Asamoah Gyan, Stephen Appiah, Abedi Pele, and Ayew Pele.

Their presence underscored the significance of the night. This was not simply a boxing event. It was a statement about where Ghana is heading in sport.

The main event delivered global-level drama as Craig Richards secured a decisive knockout victory over Shakan Azeez in the final round, closing the night in emphatic fashion. The undercard further showcased African excellence, with Jonathan Tetteh dominating in front of a home crowd, Theophilus Allotey earning a clear points victory, and Leo Atang announcing himself as a rising force with a commanding performance.

Photo Credit: LegacyRise_ (Instagram)

What set this night apart was not only the results, but the structure behind it. With Matchroom Boxing involved and global distribution secured through DAZN, Accra was positioned not as a secondary market, but as a primary stage in international boxing.

At the center of this shift is Sharaf Mahama. Through Legacy Rise Sports, he is advancing a model that treats sport as infrastructure rather than entertainment. The approach is clear: build world-class events on African soil, attract global partners into African venues, and create credible pathways for African athletes without requiring them to leave home to be seen.

Sharaf Mahama’s Legacy Rise Sports Turns Accra Into a Global Sports Capital
Left to Right: Leo Atang & Sharaf Mahama, Founder of Legacy Rise Sports
Credit: @Legacyrise_ (Instagram)

This strategy reflects a deeper understanding of sport as a tool for national development. Boxing becomes employment, media rights, tourism, youth opportunity, and global visibility. It connects government presence, private investment, cultural pride, and international broadcast under one system.

Photo Credit: LegacyRise_ (Instagram)

The gathering of political leadership, legendary athletes, and global promoters in Accra illustrated something larger than a single fight night. It showed alignment. When presidents, pioneers of the game, and the next generation stand in the same arena, sport becomes a unifying force for national direction.

Sharaf Mahama’s work places Ghana at the forefront of this movement. Not by imitation, but by building from within. The Accra showcase demonstrated that Africa does not need permission to host the world. With the right leadership, structure, and ambition, the world will come.

The Voice of Africa’s Perspective

Africa’s sports institutions are still young, still forming, and still scaling. Judging them against centuries-old systems misses the point. What matters is momentum. Events like this show that Ghana and Africa are not catching up. They are building forward, with sport as one of the clearest bridges to global influence, opportunity, and long-term growth.

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Berlin mission diplomats smell foul play in death of Ghanaian student in Latvia

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Nana Agyei Oduru Ahyia was studying in Latvia before his death Nana Agyei Oduru Ahyia was studying in Latvia before his death

The Minister of Foreign Affairs, Samuel Okudzeto Ablakwa, has firmly rejected claims that the death of a Ghanaian engineering student in Latvia was a suicide.

According to him, there is evidence of foul play, indicating that the deceased was ‘subjected to inhumane treatment.

Family raise suspicion of foul play in death of 18-year-old Ghanaian student in Latvia

Ablakwa, speaking at an event, explained that Ghanaian diplomats dispatched from the country’s Berlin mission had assessed the circumstances surrounding the student’s death and reached a troubling conclusion, that it was not a suicide, as been purported.

“A couple of days ago, we issued a statement about a Ghanaian student who travelled to Latvia to study engineering, who was subjected to inhumane treatment and lost his life under very mysterious circumstances.

“I’ve read a report from our diplomats who arrived on the scene from our Berlin mission, and they are convinced that there was foul play and that it did not look like suicide,” he said.

Ablakwa said Ghana will not allow the matter to be ignored and will pursue justice to the end.

“We have served notice that we demand justice, we are not going to let that slide, and that nobody harms a Ghanaian life and gets away with it. Nobody,” he said.

The minister framed the issue as a core duty of leadership and public service, arguing that defending the lives and dignity of citizens abroad is not optional but fundamental.

“I believe I will be failing as foreign minister if I cannot stand up. It’s the most basic, the most simple thing to do to just stand up for the lives of the people that you serve all over the world,” he indicated.

He further warned that any failure by Ghanaian authorities to vigorously defend citizens overseas sends a dangerous message.

Ablakwa concluded by emphasising that self-advocacy is essential on the global stage, insisting that respect for Ghanaian lives must be asserted, not assumed.

“If you cannot stand up for them, demand that their dignity be respected, then you have no business serving in this ministry as Minister for Foreign Affairs and if we do not stand up for our own and demonstrate that we value the lives of the people we serve, nobody will. Nobody will do that for us,” he concluded.

About the case:

Nana Agyei Oduru Ahyia, an 18-year-old Ghanaian international student in Latvia, reportedly died in July 2025 under circumstances his family has described as mysterious and suspicious.

According to family spokesperson Sarah Nimli, the deceased was a first-year Electrical Engineering (Adaptronic) student at Riga Technical University in Latvia, having gained admission to the institution in July 2024.

Citing reasons behind their suspicions of foul play in Oduru Ahyia’s death, the family indicated that three days before his passing on June 1, 2025, Nana Agyei, who had been residing in an apartment on Baznīcas Street in Riga, reportedly sent a distressing voice note claiming he had been poisoned.

Foreign affairs ministry probes death of Ghanaian student in Latvia

He was later reported to have died on June 4, 2025, after authorities informed his family that he had fallen from the sixth floor of his apartment and succumbed to the injuries.

The family stated that efforts to contact the Latvian police proved unsuccessful, leading them to suspect a possible cover-up of the incident, especially as those allegedly involved are believed to be Latvian nationals.

MAG/EB

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

Crypto trading now legal, no arrests -BoG governor

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The Bank of Ghana (BoG) has officially confirmed that virtual asset trading, including cryptocurrency activities, is now legal in the country, assuring the public that individuals engaged in such transactions will not face arrest.

Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, made the announcement while speaking at the annual Nine Lessons, Carols and Thanksgiving Service held at the Bank Square in Accra on Friday December 19.

According to the Governor, the development follows the establishment of a regulatory framework that allows authorities to oversee the sector while managing the risks associated with virtual asset trading.

“Effectively, virtual assets trading is now legal and no one is going to be arrested for doing crypto, but we now have the framework to manage the risks involved,” Dr. Asiama stated.

He explained that the move goes beyond legal recognition, describing it as a critical step toward strengthening regulation and supervision within the financial sector.

“These are not just legal milestones; they are enablers of better policies, stronger supervision and more effective regulation,” he noted.

Dr. Asiama emphasised that while the new framework provides flexibility for innovation and growth, it also demands caution from both regulators and participants in the crypto space.

“The progress gives us room to move, but it also calls for responsibility and vigilance,” he added.

The Governor further stressed that the regulatory framework is designed to ensure that risks linked to virtual asset activities are properly managed, safeguarding the stability of the financial system while allowing digital finance to evolve within clear rules.

“What this means is that now we have the framework to manage it and to manage the risks that can involve that kind of activity,” he said.

President Mahama orders Ato Forson to pay GH¢1bn to contractors owed since 2017

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By: Ashiadey Dotse

The President, John Dramani Mahama, has directed the Ministry of Finance to release GH¢1 billion to pay contractors who have been owed by the state since 2017, with the payment expected to be made before Christmas.

The President announced the directive on Sunday, December 21, 2025, during a sod-cutting ceremony for the Sunyani–Atronie–Acherensua Road Project in the Bono Region, under the government’s Big Push programme.

Fitch affirms Bank of Africa at ‘BB’; outlook stable

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Ratings agency, Fitch, has affirmed Bank of Africa’s (BOA) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘BB’ with Stable Outlooks.

It has also affirmed BOA’s Government Support Rating (GSR) at ‘bb’ and Viability Rating (VR) at ‘bb-‘.

According to the UK based firm, BOA’s IDRs are driven by potential support from the Moroccan authorities, as reflected in the bank’s GSR of ‘bb’. The Stable Outlooks mirror those on the sovereign ratings.

“BOA’s VR considers its solid franchise in Morocco and its pan-African presence, which brings diversification benefits to the business model. BOA’s healthy performance and sound funding and liquidity are balanced by weaker, but improving, capital ratios and asset quality. Its National Rating reflects its creditworthiness relative to other Moroccan issuers’”.

Solid Franchise

The ratings agency said BOA has a solid franchise and domestic systemically important bank status in Morocco with a 14% market share.

It operates across 32 countries, mostly in Africa, with contributions from operations outside Morocco representing about half of the group’s net income.

Higher Risk Profile Than Peers

It explained that BOA’s risk profile is higher than domestically-focused peers’ due to a large presence in higher-risk markets outside Morocco.

However, risks are mitigated by improved risk controls across the group and cautious growth. Ongoing efforts to clean up the balance sheet, including reducing legacy exposures and strengthening asset quality, reinforce the bank’s overall risk profile.

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.

Government to pay GH¢1 billion to contractors with arrears dating back to 2017

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President John Dramani Mahama President John Dramani Mahama

President John Dramani Mahama has directed the Ministry of Finance to release GH¢1 billion to contractors who have been owed payments by the state since 2017.

The directive was issued during a sod-cutting ceremony for the Sunyani–Atronie–Acherensua Road Project in the Bono Region on Sunday, December 21, 2025.

Mahama orders $78m payment for work to resume on Agona-Nkwanta road project

“I have directed the Finance Minister, Dr Ato Forson, to release GH¢1 billion to settle debts owed to contractors since 2017 before Christmas. All the contractors will be paid, and the families of deceased contractors should also follow to receive the money,” President Mahama said.

He further encouraged contractors to submit their documents promptly to ensure timely payment.

“I want to urge contractors to hurry up with their certificates to receive your money. Your money will only be delayed if you are lazy,” he added.

Government owes road contractors about GH¢21 billion – Roads minister

President Mahama also reiterated that funds have been allocated for contractors under the Big Push programme, which is aimed at reviving and completing stalled infrastructure projects across the country.

JKB/EB

African ministers renew push for UN reforms

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A photo of participants of the forum A photo of participants of the forum

African foreign ministers have renewed calls for sweeping reforms of key United Nations organs, including the Security Council, to improve Africa’s representation, accountability, and effectiveness in global decision-making.

The call was made during the Second Africa–Russia Foreign Ministers’ Forum, held in Cairo, Egypt, on December 19 and 20, 2025.

The forum brought together African ministers of foreign affairs, representatives of regional economic communities, and Russia’s Foreign Minister, Mr Sergey Lavrov.

Tanzania was represented by the Minister for Foreign Affairs and East African Cooperation, Ambassador Mahmoud Thabit Kombo, who led the country’s delegation to the meeting.

Co-chaired by Egypt’s Foreign Minister, Dr Badr Abdelatty, and Mr Lavrov, the forum provided a platform for African countries and Russia to deliberate on issues of mutual interest at both the bilateral level and within multilateral institutions, particularly the United Nations and its agencies.

In a joint position, African and Russian ministers underscored the need to reform UN subsidiary bodies, notably the Security Council, to ensure fair representation for Africa, improve transparency and accountability, and strengthen the organisation’s capacity to respond effectively to global challenges.

“They also emphasised the importance of an equitable global trading system and equal opportunities for all countries to participate meaningfully in international deliberations,” reads part of a statement issued on Sunday, December 21, 2025, by Tanzania’s Ministry of Foreign Affairs and East African Cooperation.

Addressing the forum, Ambassador Kombo highlighted Tanzania’s long-standing diplomatic relations with Russia and areas of ongoing strategic cooperation.

“Ties between Russia and African countries date back to pre- and post-independence struggles against colonialism and should be strengthened, particularly through expanded economic cooperation,” he said.

Ambassador Kombo identified priority sectors for deeper engagement, including infrastructure and transport, energy and renewable energy, technology and information and communication technology (ICT), and health.

He said enhanced cooperation in these areas would support Africa’s broader efforts to grow its economies and achieve sustainable development.

On food security, Ambassador Kombo called for increased Russian investment in African agriculture, with a focus on sustainable farming practices, agro-processing industries and fertiliser production, saying this would help address persistent food shortages on the continent.

The Africa–Russia Foreign Ministers’ Forum was established in 2023 following resolutions adopted at the Russia–Africa Summit of Heads of State and Government held the same year.

The forum serves as a mechanism for monitoring and implementing decisions reached at the summit.

Discussions under the Africa–Russia framework focus on strengthening cooperation in strategic areas such as economic development, peace and security, the fight against terrorism and transnational crime, climate change, food security and sustainable development.

Participants said continued dialogue through the forum would be critical in advancing shared priorities and amplifying Africa’s voice in global governance structures.

LIVESTREAMING: Morocco vs Comoros (Opening Game of 2025 AFCON)

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‘When we’re playing the guns are put down’ — Sudan’s Afcon miracle – The Times

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  1. ‘When we’re playing the guns are put down’ — Sudan’s Afcon miracle  The Times
  2. ‘We will not fear them’ – Kwesi Appiah cautions as Sudan target AFCON history  GhanaWeb
  3. Algeria vs Sudan: predictions, stats, tips, betting offers & odds  Squawka
  4. AFCON: Sudan’s record edition by edition  Foot Africa
  5. Sudan will compete strongly in Africa Cup of Nations, says coach Appiah  cecafa

Police arrest 2 over unlawful possession of firearm at Kaneshie

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The Accra Regional Police Command has arrested two persons for the unlawful possession of a firearm and ammunition following a patrol operation at the Kwame Nkrumah Circle in Accra.

The police announced this in a statement dated December 21, 2025 and signed by the Head of Public Affairs for the Accra Region, Superintendent Juliana Obeng.

Police arrest suspects captured in viral child abuse video

“The Kaneshie Divisional Police Command has arrested two persons for unlawful possession of a firearm and ammunition following a patrol operation at the Kwame Nkrumah Circle,” it said.

According to the police, “The suspects, identified as Kwame Boahen, aged 35, a pillion rider, and Fatau Alhassan, aged 52, an okada rider, were arrested on Saturday, December 20, 2025, by a patrol team from the Kaneshie Divisional Police Command.”

The police further disclosed that the suspects had earlier attracted attention during a routine operation on Friday, December 19, 2025.

Three suspects arrested over viral video of toddler served alcohol

“The arrest followed an incident when the patrol team spotted the motorbike at the Kwame Nkrumah Circle and attempted to stop it for a routine check.

“Upon seeing the police, the suspects abandoned the motorbike and attempted to flee but were arrested after a brief chase amidst resistance,” the statement noted.

According to the police, a search conducted on the suspects led to the recovery of a pistol bearing serial number 39363, with the inscription “CS HEAND SUH,” as well as seventy-two rounds of ammunition.

“A search conducted on the suspects led to the retrieval of one pistol bearing number 39363 with the inscription ‘CS HEAND SUH,’ seventy-two rounds of ammunition, one iPhone, one LG smartphone, one Blackberry phone, one keypad phone, and two wristwatches,” it noted.

Police further disclosed that efforts are underway to trace the owners of the recovered mobile phones and to establish the source of the firearm and ammunition.

See the post below:

JKB/EB

What Cletus Avoka said that made Otumfuo warn him over Bawku conflict:

Security Agencies lauded for joint sanitation drive in La Dadekotopon  

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By Edward Dankwah   

Accra, Dec. 21 – Mr Ahmed Ibrahim, Minister for Local Government, Chieftaincy and Religious Affairs, has commended the Immigration Service, Armed Forces, Prison Service, Fire Service, and the Ghana Police Service for their active collaboration in the major sanitation exercise in the La Dadekotopon (LaDMA) Municipality.  

He praised the security agencies for working together to protect and clean the environment, describing their efforts as a core responsibility of public officers, particularly in disaster prevention.  

The Minister was speaking during an inspection of the declared one-week sanitation exercise which was held in the capital, prior to the celebration of Christmas.  

Mr Ibrahim also commended the Municipal Chief Executive (MCE) for successfully networking with various security services.  

He described the approach as a model for all Metropolitan, Municipal and District Chief Executives (MMDCEs across the country).  

“If all MMDCEs are able to network effectively with the security services, fixing our sanitation challenges will not be a problem,” he said.  

Mr. Ibrahim emphasised that the sanitation exercise would not be a one-day activity, assuring participants that collaboration with the security agencies would continue through the Christmas festivities and into 2026.   

The Minister announced that the first national sanitation exercise for 2026 would take place in January, calling on all security services to replicate the La Dadekotopon example in other districts.  

He expressed satisfaction with the level of participation, citing the Fire Service’s use of fire tenders to support cleaning, the Armed Forces engaging in weeding, the Immigration Service and Prison Service taking part in general cleaning, and the Police Service ensuring law and order throughout the exercise.  

“This is the first place we have seen all the services fully involved at the same time so sustain the momentum beyond,” he added.  

Mr. Ibrahim said a follow-up exercise would take place on Monday, with the deployment of street sweepers to wash cleared areas and enhance the appearance of major roads.   

He also called for the painting of road medians and walls to improve the visual appeal of the municipality, especially for visitors entering the country.  

The Minister urged the municipality to maintain high sanitation standards to project a positive image of Ghana and safeguard public health.  

Mr Alfredos Nii Anyetei, the MCE for LaDMA, assured the Sector Minister and residents of the municipality that the ongoing sanitation exercise would be sustained and intensified.  

He said the Assembly would not relent in its efforts, adding that the clean-up campaign had already been ongoing for a week with clearly defined daily targets.  

“We started this exercise exactly a week ago. Every single day, we have specific areas we go to work on, and the evidence is there. Some of the media houses have captured all these activities,” he stated.  

The MCE expressed profound gratitude to the various security services for their continuous support, noting that they consistently turned up whenever the municipality organized sanitation activities.  

Mr. Anyetei also assured the security agencies that their commitment would not go unnoticed, promising to appreciate their efforts during the Christmas season.  

He thanked residents of the municipality, the media, and the Member of Parliament for LaDMA, whom he described as very supportive, providing advice, moral backing, and encouragement throughout the exercise.  

The MCE reminded residents that environmental cleanliness should not be limited to designated sanitation days but must be a daily responsibility.  

Mr. Anyetei warned that the Assembly would strictly enforce existing sanitation by-laws, cautioning residents against flouting the rules.  

He appealed to residents to take pride in their surroundings, describing LaDMA as a beautiful place that deserved to be kept clean at all times.  

GNA  

Edited by Linda Asante Agyei  

Uganda headed on a slippery road if Museveni remains in power

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Maj Gen (rtd) Mugisha Muntu, addresses his supporters in Bugongi ward, Kabale municipality Maj Gen (rtd) Mugisha Muntu, addresses his supporters in Bugongi ward, Kabale municipality

The Alliance for National Transformation (ANT) party presidential candidate, Maj Gen (rtd) Mugisha Muntu, has asked voters in western Uganda to vote out the ruling National Resistance Movement (NRM)government in the January 2026 polls to avoid being victimised in case of regime change.

He warned that the country is headed on a “slippery road” if Gen (rtd) Museveni continues maintaining his grip on power, which he has held for the last 40 years.

Gen Muntu was on Friday addressing his supporters in Bugongi ward, Kabale municipality in Kabale District, where he explained that the NRM government and its leader, President Museveni, have, over the years, rendered Ugandans from the western region vulnerable.

“Vote out President Museveni and his NRM government in the January general elections to avoid being victims of any wrongs he committed during his tenure. History in Uganda tells us that the wrong deeds of a leader are always associated with the people from where he comes. Prepare early enough to avoid being victimised for the wrong deeds of President Museveni once his government is no longer in power,” Gen Muntu said.

The former army commander emphasised that the western region, which includes Kigezi, Ankole, Tooro and Bunyoro, has in the past elections been widely seen as the main supporters of the NRM government, which has been in power since 1986.

He urged the voters from the region to retire Mr Museveni, 81, in next year’s General Election, asking them to look ahead and love Uganda more than Gen (rtd) Museveni because he cannot fulfil what he has failed to do in the 40 years he has been in power.

“Give me votes because I am not a hypocrite or contradictory and principled. I am the medicine for Uganda’s bright future because Uganda is heading for a slippery journey in case the NRM government remains in power after the January General Election,” Gen Muntu said.

Gen Muntu, who was welcomed by the Kabale District’s People’s Front for Freedom (PFF) party general secretary, Mr Richard Muhanguzi, further pledged to release all political prisoners, including Dr Col (rtd) Kizza Besigye and his former aide, Mr Sam Mugumya.

“If there was peace in Uganda, Sam Mugumya would not have been kidnapped from a hotel in Mbarara, and up to now nobody knows where he is. Our new government will release all the political prisoners in Uganda. We succeeded in the bush war because we had the mandate of the people, not the mandate of the gun. Recent acts of brutalising the people because of their political ideologies are an indicator that some leaders have succumbed to power drunkenness,” Gen Muntu said.

Gen Muntu promised to boost tourism in the Kigezi Sub-region through proper marketing channels and improved road infrastructure to compete with the other East African countries that are already doing it to generate more income for the country.

“We shall invest in the advertising of tourism attractions Uganda has in the Kigezi region and other parts of the country so that we can earn much from it. There is no way one expects to get more milk from a cow that is not well fed,” Gen Muntu said.

Crypto trading now legal, no arrests -BoG governor

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The Bank of Ghana (BoG) has officially confirmed that virtual asset trading, including cryptocurrency activities, is now legal in the country, assuring the public that individuals engaged in such transactions will not face arrest.

Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, made the announcement while speaking at the annual Nine Lessons, Carols and Thanksgiving Service held at the Bank Square in Accra on Friday December 19.

According to the Governor, the development follows the establishment of a regulatory framework that allows authorities to oversee the sector while managing the risks associated with virtual asset trading.

“Effectively, virtual assets trading is now legal and no one is going to be arrested for doing crypto, but we now have the framework to manage the risks involved,” Dr. Asiama stated.

He explained that the move goes beyond legal recognition, describing it as a critical step toward strengthening regulation and supervision within the financial sector.

“These are not just legal milestones; they are enablers of better policies, stronger supervision and more effective regulation,” he noted.

Dr. Asiama emphasised that while the new framework provides flexibility for innovation and growth, it also demands caution from both regulators and participants in the crypto space.

“The progress gives us room to move, but it also calls for responsibility and vigilance,” he added.

The Governor further stressed that the regulatory framework is designed to ensure that risks linked to virtual asset activities are properly managed, safeguarding the stability of the financial system while allowing digital finance to evolve within clear rules.

“What this means is that now we have the framework to manage it and to manage the risks that can involve that kind of activity,” he said.

Dreams FC hammer Chelsea as Aduana held by Hearts of Oak

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Matchday 15 of the 2025/26 Ghana Premier League delivered a string of compelling results over the weekend, with two fixtures still outstanding.

Bechem United continued their steady rise on Saturday with a convincing 2-0 victory over Swedru All Blacks at the Nana Fosu Gyeabour Park. First-half goals from Augustine Okrah and Darlvin Yeboah proved decisive as the Hunters maintained control throughout the contest.

Sunday’s action saw Dreams FC dominate Berekum Chelsea at the Tuba Astro Turf, cruising to a 3-1 win. Adams Aminu struck early in the seventh minute to give the home side a first-half lead. After the break, Dreams turned on the style, with Abdul Razak Salifu and Seidu Suraj extending the advantage in the 55th and 73rd minutes respectively, before Kofi Patrick Ansu pulled one back for Chelsea late on.

At the Hohoe Sports Stadium, Hohoe United were edged out 1-0 by defending champions Bibiani United. Richard Kotey’s 33rd-minute effort separated the sides in a tightly contested encounter.

Karela United also left it late at the Aliu Mahama Stadium, grinding out a narrow 1-0 victory over Vision FC. After a goalless first half, Malik Abubakar’s strike in the 56th minute secured maximum points for the hosts.

Nations FC made home advantage count at the Dr Kwame Kyei Sports Stadium, claiming a 1-0 win over Young Apostles. Emmanuel Annor’s first-half penalty was enough to settle the tie.

Meanwhile, FC Samartex recorded a slim 1-0 victory against Heart of Lions at the Nsenkyire Sports Arena, with Emmanuel Mamah finding the net in the 44th minute.

At the Nana Agyemang Badu I Park in Dormaa, Aduana FC and Hearts of Oak shared the spoils after playing out a goalless draw.

Attention now turns to the remaining fixtures, with Medeama SC set to host Basake Holy Stars at the TNA Park on Monday, December 22, before Asante Kotoko travel to face Eleven Wonders at the AAK Park on Wednesday, December 24.

At the summit, Aduana FC, Medeama SC, Hearts of Oak and Bibiani GoldStars occupy the top four places on the table, while Vision FC, Berekum Chelsea and Eleven Wonders currently find themselves in the relegation zone.

Full Fixtures:

Bechem United 2-0 Swedru All Blacks

Dreams FC 3-1 Berekum Chelsea

Hohoe United 0-1 Bibiani GoldStars

Karela United 1-0 Vision FC

Nations FC 1-0 Young Apostles

FC Samartex 1-0 Heart of Lions

Aduana FC 0-0 Hearts of Oak

Medeama SC v Basake Holy Stars [MONDAY]

Eleven Wonders v Asante Kotoko [WEDNESDAY]

BAWA-ROCK Ltd honoured for sustainable gold trading at Africa Development Conference

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Bawa-Rock Limited has been recognised at the Africa Development Conference (ADC) 2025 in Accra for its contribution to ethical and sustainable practices in the gold trade.

The award was presented on Thursday, December 18, at the Kempinski Hotel, where the company was cited for Excellence in Sustainable Trading and Aggregation—Artisanal Mining (Gold).

Conference organisers said the honour reflects Bawa-Rock’s role in promoting responsible gold sourcing and raising ethical standards within Africa’s artisanal mining sector.

In the citation accompanying the award, Bawa-Rock Limited was praised for its leadership across the gold value chain, its commitment to transparency and quality, and its adherence to ethical sourcing principles. The company was also commended for contributing to the growth of Ghana’s gold industry.

The Africa Development Conference is a high-level forum that brings together heads of state, business executives, investors, policymakers, and development experts to discuss ways of enhancing intra-African trade, attracting investment, and supporting sustainable economic growth.

The 2025 edition was held under the theme “Empowering Africa: Driving Inter-Trade Partnerships and Investment Opportunities.”

Bawa-Rock Limited’s recognition places it among a growing number of African firms being acknowledged for aligning business growth with sustainable development objectives.

The award certificate was issued on December 18 by Bold Solutions Group, organisers of the Africa Development Conference.

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.

China remains Ghana’s largest trading partner – Ambassador

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Tong Defa, Chinese Ambassador to Ghana, has reaffirmed China’s commitment to strengthening the long-standing strategic partnership between China and Ghana, describing 2025 as a historic milestone in the bilateral relationship.

He said 2025 marked the 65th anniversary of diplomatic relations, the 25th anniversary of the Ghana–China Friendship Association (GHACHIFA), the beginning of President John Dramani Mahama’s new administration, and the final year of China’s 14th Five-Year Plan.

The Ambassador was speaking at the GHACHIFA End-of-Year Soiree in Accra, held under the theme: “2026 Ghana–China Year of People-to-People Exchanges.”

He said these developments had helped deepen cooperation and produce “rich fruits” across multiple sectors.

Tong recalled that the China–Ghana friendship, built by founding leaders including Chairman Mao Zedong, Premier Zhou Enlai and Dr Kwame Nkrumah, remained strong and continued to serve the shared interests of the Global South.

He commended GHACHIFA for 25 years of active contributions to bilateral friendship through economic, cultural and educational activities, symposiums and public engagements.

The Ambassador said China remained Ghana’s largest trading partner and a major investor.

In 2024, bilateral trade reached US$11.8 billion, representing a 7.1 per cent increase from the previous year.

He said thousands of Chinese companies were operating in Ghana, boosting employment and industrialisation.

He noted that cooperation reached new heights following President Mahama’s State visit to China in October 2025, during which he met President Xi Jinping and Premier Li Qiang.

“Both sides agreed on a development blueprint and achieved consensus on the Early Harvest Arrangements under the Economic Partnership for Shared Development,” he added.

He said Ghana would be among the first African countries to benefit from China’s zero-tariff policy covering all tariff lines.

Benjamin Anyagre, General Secretary of GHACHIFA, said Ghana’s enduring partnership with China was built on mutual trust, shared values and a vision for collective progress.

He said although 2025 came with challenges, GHACHIFA remained resilient and successfully launched activities marking the 25th anniversary of the Treaty of Friendship between Ghana and China.

Anyagre said Ghana–China cooperation had evolved into a comprehensive strategic and cooperative partnership, yielding tangible benefits in infrastructure development, including transport networks, modern communication systems, industrial parks, logistics hubs, railways, ports and information infrastructure.

He said bilateral cooperation also spanned education, culture, tourism, sports, science and technology, green development and social welfare.

According to him, initiatives such as the Ghana–China Youth Cultural Forum, the Future Leaders’ Dialogue, innovation competitions, youth space collaborations and study exchange programmes had enabled Ghanaian youth, women, media practitioners and researchers to gain deeper insights into China and access new opportunities.

He said cultural exchanges continued to strengthen mutual understanding through tourism, film, publishing, sports and the creative arts.

“The partnership also supports health, poverty alleviation, public welfare, disability inclusion and the expansion of sister-city relationships,” he added.

He proposed the establishment of a Ghana–China Cooperation and Development Forum to drive initiatives such as Ghanaian Female Leadership Training, Women’s Entrepreneurship and Empowerment programmes, and Youth Innovation schemes.

Tang Hong, President of the Ghana Association of Chinese Societies, highlighted the deep and historic relations between Ghana and China, describing 2025 as a landmark year in their longstanding partnership.

He recalled that Chinese communities had settled in Ghana as early as the 1940s and praised Ghana’s role in supporting China’s reinstatement to the United Nations.

He emphasised the role of the Ghana Association of Chinese Societies and GHACHIFA in promoting people-to-people engagement through cultural dialogues, business forums and youth programmes.

He said the friendship between the two countries was not only diplomatic, but deeply rooted within communities.

Tang also recounted humanitarian interventions undertaken by the Chinese community in response to challenges in Ghana.

President Mahama spotted singing Shatta Wale’s ‘Mahama Paper’ word-for-word

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(L) Shatta Wale and President John Dramani Mahama (R) (L) Shatta Wale and President John Dramani Mahama (R)

A video has surfaced online capturing President John Dramani Mahama in high spirits as he sang Shatta Wale’s hit song “Mahama Paper.”

The moment was captured on Saturday, December 20, 2025, during the much-talked-about Legacy Rise Boxing Showdown, a major event organized by his son, Sharaf Mahama, at the University of Ghana Sports Stadium, Legon.

The night, which drew a massive crowd of boxing enthusiasts, sports lovers, and entertainment fans, transformed into a full-blown party when Shatta Wale took to the stage.

As part of his electrifying set, Shatta Wale performed “Mahama Paper,” instantly igniting the stadium as fans chanted the lyrics at the top of their voices.

In a lighthearted moment, cameras captured President Mahama in the VIP section singing along word-for-word. Beaming with smiles and clearly enjoying himself, he drew loud cheers from the crowd when his face appeared on the big screen.

The video has since gone viral, sparking widespread reactions across social media.

Watch the video below:

Morocco vs Comoros (Opening Game of 2025 AFCON)

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GhanaWeb’s official flyer for the 2025 AFCON coverage play videoGhanaWeb’s official flyer for the 2025 AFCON coverage

Morocco begin their AFCON 2025 journey as host nation at Prince Moulay Abdellah Stadium on Sunday, December 21, 2025, against Comoros.

The Atlas Lions of Morocco are going into the game as the best team on the African continent according to the November 2025 FIFA World ranking.

Morocco haven’t lost a game so far in 2025 and will be facing Comoros who were unbeaten in the 2025 Africa Cup of Nations qualifiers.

Comoros ended the qualifiers as winners of Group A, winning 3 games and drawing the remaining 3.

Morocco will also be aiming to avoid becoming the first hosts since Burkina Faso in 1998 and sixth overall to lose the opening match in the history of the Africa Cup of Nations.

Even without the physically compromised Achraf Hakimi, the Atlas Lions will head into Sunday confident in their chances of avoiding a shock draw or defeat, even if they will be wary of their opponents.

Catch Joel Eshun and his team live as they cover the opening match of the 2025 Africa Cup of Nations.