Trade, Agribusiness and Industry Minister, Elizabeth Ofosu-Adjare, has emphasised Ghana’s rising global competitiveness in entrepreneurship, stating it reflected the country’s commitment to inclusive economic empowerment.

Addressing the 2025 Global Entrepreneurship Congress (GEC) in Indianapolis, USA, she stated that entrepreneurship served as a dynamic driver of opportunity, wealth generation, and national pride, reinforcing its importance in inclusive economic development.

Mrs Ofosu-Adjare is leading Ghana’s delegation, which includes Dr Mary Awusi, Chief Executive Officer of the Ghana Free Zones Authority, and Mr Abdul Razak Baba, Deputy Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC).

Other senior ministry officials are also attending the Congress, held under the theme “The Bold Transforms the World.”

The event is focused on how nations can harness entrepreneurship to drive inclusive transformation.

Delegates from Nigeria, Algeria, South Africa, Chile, Brazil and development partners such as the European Union (EU) Development Centre are participating in the event.

The Minister said the Government was implementing key initiatives to formalise and strengthen Ghana’s entrepreneurship ecosystem through innovation.

Central among these is the GHS 100 million Adwumawura Programme, launched in April 2025 by President John Dramani Mahama, to establish 10,000 youth-led businesses annually, targeting 40,000 within four years.

The programme supports persons aged 18 to 35, including marginalised groups, with business development training, startup capital, mentorship, and access to both local and international markets.

She also mentioned the 1,000,000 Coders initiative, which aims to train one million Ghanaians in digital and coding skills under the Reset Ghana Agenda.

The Minister highlighted other support mechanisms such as the National Entrepreneurship and Innovation Programme (NEIP), which offers training, funding, and mentorship in key sectors including agriculture, technology, and manufacturing.

She cited the Ghana Economic Transformation Project, which provides grants and enterprise support for women, youth, and persons with disabilities, and the revitalised National Apprenticeship Programme, designed to offer vocational training and promote self-employment.

The Ghana Enterprises Agency (GEA), in collaboration with the Mastercard Foundation and the World Bank, is also implementing programmes such as BizBox, Apprenticeship to Entrepreneurship (A2E), Agriculture to Agribusiness to Entrepreneurship (AA2E), and MSME Business Acceleration (MBA).

Mrs Ofosu-Adjare said the Ministry’s expanded mandate to include agribusiness was attracting investment into land banks, agro-processing zones, and special economic zones.

She added that contract farming and partnerships with local and international investors were strengthening agricultural value chains to support industrial transformation, job creation, and rural development.

“Let us all be bold in our pursuit of innovation. Together, we can break barriers, empower our youth, and transform the world through entrepreneurship,” the Minister said.

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The new tax was introduced by the Minister of Finance, Dr Cassiel Ato Forson

A political aide to the leader of the Movement for Change has described the newly introduced GH¢1 tax on fuel products as a step in the right direction, but one introduced at the wrong time.

Nana Yaw Sarpong believes that although the policy may support government revenue and sectoral stability, its implementation lacks the necessary sensitivity to current economic conditions.

“I have stated that the only problem I have with this implementation of the GH¢1 on fuel litres is two. Firstly, the timing was very poor,” he stated on Angel Morning Show on Thursday, June 5, 2025.

He added: “Though I’m yet to hear from the finance minister, Ato Forson, on the timing, why this time I feel that the timing was very poor. We could have worked around a certain time”.

Sarpong argued that the Ghanaian economy is only beginning to show signs of recovery, and as such, the tax could have been introduced more strategically.

“You know, Ghanaians have started being relieved a little bit as things begin to turn around, so the timing should have had a critical touch,” he stressed.

Beyond timing, Sarpong also questioned the amount being charged, suggesting that the rollout should have been done in phases.

“Secondly, I feel that we could have started from a lesser figure, maybe GH¢30p, GH¢50p, and then it rolls up,” he said, indicating that a gradual approach would have softened the burden on the public.

He further pointed out that while financial interventions and taxes might be necessary to support the energy sector, the government must not lose sight of the broader infrastructure gaps.

“What they should also be dealing with now is the infrastructure deficit within that sector,” he emphasised.

According to him, long-term sustainability of the energy sector depends not only on raising funds through taxation, but also investing in critical infrastructure to reduce recurring challenges.

The Ghana Private Road Transport Union (GPRTU) has voiced strong dissatisfaction with the government over its recent decision to increase the Energy Sector Levy by GH₵1 per litre of fuel, describing it as a betrayal, particularly following an agreed 15% reduction in transport fares.

According to the Union, the timing of the levy hike is deeply troubling, especially as it comes just days after drivers across the country implemented the fare cut.

The GPRTU has since issued a warning that it may stage a nationwide strike should the government fail to address the issue by 10 June 2025.

Speaking on Citi FM on Thursday, 5 June, the Union’s Industrial Relations Officer, Abass Imoro, condemned the lack of transparency in the government’s dealings.

He said the authorities failed to disclose their intentions during fare negotiation meetings, which, in his view, was highly deceptive.

“They knew very well that they had this under their sleeves, and yet we sat with them, engaged in talks about the 15% fare reduction, and reached a consensus,” Mr Imoro lamented.

“It is extremely painful because had we known this was coming, we would have taken a different stance. The reduction wouldn’t have been as deep.”

Mr Imoro further criticised the absence of consultation, especially given the central role drivers play in fuel consumption.

He insisted the levy increase not only erodes the impact of the fare reduction but also worsens the financial burden on drivers.

“We are major players in the fuel sector, and it is only fair that government engages us before taking such decisions,” he said.

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

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

This policy is not just regulatory housekeeping. It is a bold signal of intent to reshape Ghana’s capital markets, so they serve not only institutional investors but also the country’s next generation of innovators. It’s also a timely intervention amid a sharp downturn in global VC activity. According to Pitchbook, venture capital deals in Africa have declined by more than 50% over the past three years, driven by macroeconomic volatility and tighter capital markets. Partech Africa’s Tech VC Report confirms the trend, showing that equity funding in Africa fell from $4.9 billion in 2022 to $2.2 billion in 2023.

In this context, Ghana’s reform is both urgent and strategic. For decades, African startups have been disproportionately reliant on foreign capital; often expensive, risk-averse, and disconnected from local realities. An ongoing IFC study shows that entrepreneurs strongly prefer equity investments from investors with regional experience. Yet only 20% of African startups receive financing from local sources. 2023 was a difficult year for Africa’s tech ecosystem as Investor withdrawal was widespread, and the number of investors participating in African startup funding rounds fell by nearly 50% compared to 2022, especially from institutional investors who typically lead the larger deals. Domestic institutions like pension funds and insurance companies must now step up to fill the widening gap.

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

In its daily update, the Bank of Ghana noted that the cedi is trading at a buying price of GH¢10.24 and a selling price of GH¢10.25 to the dollar.

The British pound is being bought at GH¢13.92 and sold at GH¢13.93, while the euro is trading at a buying price of GH¢11.72 and a selling price of GH¢11.73.

Checks by GhanaWeb Business on June 6, 2025, at 9:50 AM indicate that the cedi is trading at GH¢11.95, while the pound is selling at GH¢16.30 at some forex bureaus across the country.

Additionally, the euro is trading at GH¢14.20 on the retail market.

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

SA

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Commissioner of the Customs Division of GRA, Brigadier General Glover Ashong Annan (Rtd)

Renowned Ghanaian development expert and political analyst, Richard Kasu, has expressed absolute confidence in the newly appointed Commissioner of the Customs Division of the Ghana Revenue Authority (GRA), Brigadier General Glover Ashong Annan (Rtd), to excel in his new role.

On May 14, 2025, President John Dramani Mahama appointed Brigadier General Glover Ashong Annan (Rtd) as the new Commissioner of the Customs Division of the Ghana Revenue Authority (GRA).

In an official statement released by the President’s spokesman and Minister of State for Government Communications, Felix Kwakye Ofosu, he described the Commissioner as a well-respected, dedicated, principled, and patriotic officer.

He further stated that Brig. Gen. Annan is tasked with “resetting the Customs Division and supporting the Ghana Revenue Authority to meet its targets as we work towards fixing the economy.”

Commenting on President Mahama’s decision, Richard Kasu noted that Brig. Gen. Annan brings a wealth of expertise and a distinguished track record in national security and border control, positioning him as an ideal leader to drive forward the government’s commitment to combating illicit trade and organized crime, and strengthening the country’s economic resilience.

Richard Kasu, a renowned researcher, also expressed his heartfelt congratulations and support for the Commissioner’s appointment, stating, “Illicit trade deprives the government of significant revenue, stifles innovation, and deters investment. Brigadier General Annan’s appointment marks a bold and timely step toward a customs administration that is agile, vigilant, and uncompromising in its duty to safeguard the nation’s economic future.”

He opined that Brig. Gen. Annan’s appointment signals a renewed national focus on tackling illicit trade and organized crime, a pervasive challenge that not only undermines legitimate commerce but also deprives the country of critical revenue and poses a threat to consumer safety. His appointment comes at a crucial time as Ghana seeks to address the growing economic impact of illegal activities, including cocoa smuggling, illegal gold mining, smuggled pharmaceutical products, tax evasion, and the illicit trade in tobacco products, which continue to erode the country’s economic potential.

Brig. Gen. Annan succeeds Brig. Gen. Ziblim Ayorrogo, the immediate past Commissioner of Customs, under whose leadership the service achieved impressive strides, including a remarkable revenue performance of GH¢152.977 billion, surpassing the 2024 fiscal year target of GH¢145.998 billion.

During his predecessor’s tenure, the Customs Division recorded various enforcement actions against smuggled products, ranging from pharmaceuticals and cigarettes to basic household goods. The new Commissioner commended his predecessor’s leadership and affirmed that the Customs Division will continue to build upon the strong foundation established during his tenure.

The Coordinator for Eco-Conscious Citizens, Awula Serwah, has issued an urgent call for sweeping environmental reforms, declaring that Ghana stands on the brink of ecological collapse.

Speaking on the JoyNews AM Show on Friday, June 6, she reiterated the immediate revocation of the current Legislative Instrument (LI) governing natural resource protection, describing it as “not fit for purpose.”

“The situation is dire, and we need robust action,” Serwah said. “We need the whole LI revoked, and then there are other demands. We had asked for a state of emergency.”

Her comments come after Joy News investigations uncovered the construction of a fuel supply point in a protected forest reserve in the Akomfre community, sparking outrage among environmental advocates and state officials.

According to official sources, the unauthorised fuel depot was being set up to supply earth-moving machinery actively involved in the indiscriminate destruction of forest cover in the area, reportedly in a desperate search for gold.

She criticised what she termed a scattergun approach to enforcement, where authorities move from one hotspot to another without a coherent long-term strategy.

“We cannot today go to one forest reserve, find some fuel station there and arrest people. Tomorrow run to another forest reserve. The situation is dire, and we need to have robust action taken,” she said.

Serwah called for a targeted state of emergency to be declared over all forest reserves and water bodies, accompanied by a clear order for all persons to vacate these zones.

“Ask everybody to leave our forest reserves and water bodies so that when the military comes there and finds you, there is no excuse whatsoever — you were asked to leave, and you chose to remain,” she said.

She also called for a depoliticised national response, insisting that environmental protection should not be subject to political interests or interference.

“What we need is political will. No political interference. Nobody is saying we go in Rambo-style and clear everything in a day. But we need to have a proper plan,” she emphasised.

Serwah declared that “there is a complete rake of compliance” across institutions charged with protecting the nation’s natural resources.

She accused duty bearers of failing to enforce existing laws and regulations, thereby enabling the destruction of forests, water bodies, and farmlands to continue with impunity.

“There is a complete rake of compliance. Duty bearers are failing to enforce laws and regulations. If we decide today to deploy the armed forces, declare a state of emergency, and ensure there’s no political interference — it doesn’t matter where the axe falls — we can bring this crisis under control.”

Otherwise, she warned, the country would continue on a destructive path.

“If we continue as we are, I’m afraid we’ll be here until the house burns completely. We are on the verge of catastrophe. Our water bodies are being poisoned, our food is being compromised, our forest reserves are being completely destroyed — and now existential terrorists are taking over parts of our reserves,” she concluded.

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The central African nation of Chad says it is suspending all visas to US citizens as a matter of “reciprocity”, after learning that it is one of a dozen countries whose nationals are banned from travelling to the US.

“Chad has neither planes to offer nor billions of dollars to give, but Chad has its dignity and pride,” continued President Mahamat Idriss Déby Itno in a Facebook post (in French) on Thursday.

Africa is the continent worst affected by the travel ban announced by US President Donald Trump, with seven of the 12 countries on the list.

It is set to come into effect on Monday.

The order prohibits people from Chad, Congo-Brazzaville, Equatorial Guinea, Eritrea, Libya, Somalia and Sudan – as well as Afghanistan, Myanmar, Haiti, Iran and Yemen – from entering the US.

In addition, there will be travel restrictions on nationals of Burundi, Sierra Leone, Togo, Cuba, Laos, Turkmenistan and Venezuela – they will no longer be able to travel to the US on certain visas.

“We will not allow people to enter our country who wish to do us harm,” Trump said in a video posted on X.

The US president said the list could be revised if “material improvements” were made and additional countries could be added as “threats emerge around the world”.

The White House said these “common-sense restrictions” would “protect Americans from dangerous foreign actors”.

Somalia was quick to react to the travel ban, immediately pledging to work with the US to address any security issues.

In a statement, Somali ambassador to the US, Dahir Hassan Abdi, said his country “values its longstanding relationship” with America.

Chad did not disguise its dismay, and in addition to the president’s stern words, its Foreign Minister Abdoulaye Sabre Fadoul told the AFP news agency his government was “surprised by this announcement and even more by the terrorism-related reason [which] completely disregards Chad’s commitment and results in this area”.

The African Union said it was “concerned about the potential negative impact” of the measures and called on the US to adopt “a more consultative approach… with the countries concerned”.

BBC Tigrinya has spoken to several Eritreans who are alarmed by the ban.

“As Eritreans, we’ve already suffered under our regime at home and now we’re facing the same hardship under Trump’s immigration policies. We’ve endured so much pain,” one man told the BBC on condition of anonymity.

Eritrea is a one-party state where President Isaias Afwerki has been in power since it won independence from Ethiopia in 1993 after a bitter 30-year struggle.

Young Eritreans are subject to compulsory military service, prompting many thousands to flee the country and seek refuge elsewhere.

Another Eritrean woman said she worried that she and her children would no longer be able to join her husband who is already living in the US.

“We’ve waited so long and done everything legally, but now we’re left in limbo. No-one is giving us clear answers,” she told the BBC.

In a video posted to his Truth Social website, Trump said the recent alleged terror attack in Boulder, Colorado “underscored the extreme dangers” posed by foreign nationals who had not been “properly vetted”.

However, the suspect in that attack is an Egyptian national and Egypt is not one of the affected countries.

According to the White House explanation of the travel ban, countries such as Libya, Somalia and Sudan lack competent authorities to issue passports or civil documents and conduct “appropriate screening measures”.

All three are currently embroiled in civil wars.

In addition, the White House said: “A persistent terrorist threat also emanates from Somalia’s territory” and there was a “historical terrorist presence within Libya’s territory”.

The other African countries affected had high rates of people overstaying their visas, ranging from 15% in Togo to 70% for some types of visa for nationals of Equatorial Guinea.

The ban takes effect on 9 June, a cushion that avoids the chaos that unfolded at airports nationwide when a similar measure took effect with virtually no notice eight years ago.

Visas issued before that date will not be revoked, the order said.

There will be exemptions for dual nationals and athletes in major sporting events such as the 2026 men’s football World Cup and the 2028 Summer Olympics in Los Angeles.

The travel ban fulfils a promise Trump made during his 2024 election campaign but is likely to be challenged in court.

He signed a similar order in 2017, during his first term in office.

It featured some of the same countries as his latest order, including Libya, Somalia and Iran.

Critics called that a “Muslim ban” as the seven countries initially listed were Muslim majority.

The White House revised the policy, ultimately adding two non-Muslim majority countries, North Korea and Venezuela.

This was upheld by the Supreme Court in 2018.

President Joe Biden, who succeeded Trump, repealed the ban in 2021, calling it “a stain on our national conscience”.

Dr Domfe believes credit should be given to Ken Ofori-Atta for the stability of the economy

Development economist and Senior Research Fellow at the Centre for Social Policy Studies (CSPS) at the College of Humanities, of the University of Ghana, Dr George Domfe, has emphasised that former finance minister, Ken Ofori-Atta, is responsible for Ghana’s current economic recovery trajectory.

According to the founding president of Africa Policy Lens (APL), the decision to undertake a debt restructuring program in the face of the economic challenges Ghana faced due to extraneous factors is largely responsible for the recovery the economy is seeing.

“One reason to praise Ken Ofori-Atta is the debt restructuring program! As a result of this, the outflows of foreign currencies to honour the country’s external interest payments and amortisation have gone down drastically! Such are the good things the former finance minister did to save the future. Ghanaians should celebrate him for these efforts.

“Without the DDEP and other equally important policies introduced by the then finance minister, Ken Ofori-Atta, the current performance of the economy would not have been possible. IMF program has helped with the current BOG reserves, which has provided the space for the BOG to intervene in the forex market with almost $1 billion in 2 months,” he said.

He added that; “Indeed, as part of the program, Ghana was supposed to build its reserves. The current Ghana’s exchange rate regime is a Managed Floating Exchange Rate Regime. Under such a regime, the central bank intervenes in the local forex market periodically to protect the local currency. This is exactly what BOG is doing now, significantly because of which the cedi is performing extraordinarily well.

“You cannot give what you don’t have, therefore, the Bank of Ghana is currently giving out more to protect the cedi because it has more reserves, reserves which were increased by Ken Ofori-Atta through his policy interventions.”

On whether the Bank of Ghana and the finance ministry could have injected more than enough dollars into the economy, this is what Dr Domfe said; “Of course, the previous administration could have done same, but the external environment wasn’t conducive as it is now. Indeed, Dr Ernest Addison once mentioned that he could bring the cedi/dollar rate to GH¢10, but such an intervention at the time wasn’t necessary.

“Today, there is a lower demand for foreign currencies as a result of: (A) a fall in the global crude prices (and therefore BDCs are importing refined oil with far less amount of foreign currencies) (B) government’s refusal to pay contractors (C) government not honouring statutory payments. Again, inflows from gold exports and remittances have gone up to improve the supply of foreign currencies. Therefore, when BOG pumps in a whopping $1 billion within 2 months, it is not anything surprise to see the cedi performing so well,” Dr Domfe explained further.

He further noted that the agreement with the bondholders has greatly impacted Ghana’s debt, a reduction of 37 percent in the nominal value of Ghana’s debt, equivalent to USD5 billion, as well as a debt service savings of US$4.3 billion during the IMF program. Interest on bonded debt has also declined from an average of 8 percent to less than 5 percent.

Dr George Domfe further noted that with this significant achievement, the country is poised for a brighter future, enabling the government to shift focus towards sustainable economic growth and development, describing it as a testament to Ghana’s dedication to economic recovery and setting the stage for improved fiscal management and sustainable growth.

Dr. Elikplim Kwabla Apetorgbor, Chief Executive Officer Independent Power Generators, Ghana (IPGG)

1. The Independent Power Generators, Ghana (IPGG), extends its firm support for the Government of Ghana’s introduction of a GH¢1 Energy Sector Levy, aimed at addressing the growing and unsustainable debt within the electricity value chain. This policy intervention is both necessary and time-sensitive, given the precarious financial state of the sector.

2. It must be stated with clarity and conviction that the current accumulation of debt, now significantly compounded and overdue, was entirely avoidable. The sector’s distress, which affects power producers, fuel suppliers, and system reliability, is a direct consequence of the mismanagement and misapplication of previously established Energy Sector Levy and bond proceeds and loans. Funds that were earmarked for the settlement of legacy debts and restoration of financial health were not applied with the discipline, transparency, and accountability that the sector required.

3. As a result, the entire power delivery ecosystem is now under immense strain. Independent Power Generators (IPGG) are unable to recover costs, maintain assets, or secure timely fuel supplies, a situation that undermines grid stability, endangers electricity reliability, and diminishes confidence among investors and financial partners.

4. In this context, IPGG commends the current administration for taking responsibility and initiating decisive, corrective actions. The introduction of GHS1 levy is a pragmatic and forward-looking measure. If properly ring-fenced, monitored, and applied transparently, it can serve as a credible instrument for restoring liquidity and credibility in the power sector.

5. We acknowledge the genuine burden any new levy places on consumers, especially under current economic conditions. However, the consequences of inaction blackouts, plant shutdowns, job losses, and erosion of national productivity are far more severe and immediate. Ensuring a stable and resilient electricity supply is a shared responsibility that requires collective sacrifice and institutional accountability.

6. IPGG therefore appeals to all Ghanaians to support this measure in good faith. We stand ready to collaborate with the government and all stakeholders to ensure that the proceeds are effectively utilized, and that the sector is placed on a path of financial sustainability, operational efficiency, and long-term resilience.

You shall observe the complete rites of Hajj and Umrah for God. If you are prevented, you shall send an offering, and do not resume cutting your hair until your offering has reached its destination. If you are ill or suffering a head injury (and must cut your hair), you shall expiate by fasting, giving to charity, or performing another form of worship. 

During the normal Hajj, if you break the state of Ihram (sanctity) between `Umrah and Hajj, you shall expiate by offering an animal sacrifice. If you cannot afford it, you shall fast three days during Hajj and seven when you return home — this completes ten — provided you do not live at the Sacred Masjid. You shall observe God and know that God is strict in enforcing retribution. Qur’an 2:196

They ask you about the phases of the moon. Say, “They provide a timing device for the people and determine the time of Hajj.” It is not righteous to beat around the bush; righteousness is attained by upholding the commandments and by being straightforward. You shall observe God, that you may succeed. Qur’an 2:189

Hajj, or pilgrimage to Makkah, is one of the five tenets of Islam and is compulsory for every Muslim.

Among the fundamental rituals of Hajj are: wearing the Ihram or white garment — a special dress code signifying the entry into a spiritual state for the duration of Hajj; circumambulation around the Ka’ba, the Sacred House of Allah, seven times; walking between Safa and Marwa; standing at the Mount of Arafat before sunset on the ninth day of Dhul Hijjah; spending two or three days at Mina; stoning the devil for three days; spending one night at Muzdalifah; and shaving the head (or trimming the hair), depending on the type of Hajj one chooses.

There are additional rituals for those who wish to maximize the spiritual benefits of being in the two holy cities of the Kingdom of Saudi Arabia and to earn greater rewards from Allah.
On the 10th day of Dhul Hijjah, Muslims around the world converge, just like on Eid-ul-Fitr, to pray and sacrifice various types of animals as a show of appreciation to the Almighty Allah. 
This time, however, the appreciation is symbolic, commemorating the Almighty Allah’s special gift to humanity in response to the ultimate willingness of one of His servants, Prophet Abraham, to sacrifice his son in obedience to Allah’s command. This is the meaning of Eid-ul-Adha,  the Festival of Sacrifice.

Prophet Abraham (may Allah be pleased with him) was presented with a ram by Allah through Angel Gabriel as a replacement or substitute for his son. Hence, the obligation on every able Muslim to sacrifice one of the prescribed animals.

I would like to highlight the significance of the sacrifice and why it remains necessary more than 3,000 years after the passing of Prophet Abraham (AS). 
Drawing inspiration from the words of Ebrahim Kaloo in his article titled “Eid ul-Adha – The True Meaning of Sacrifice According to Islam”, he stated:

“The significance of Eid ul-Adha lies in its spiritual, social, and humanitarian aspects. Here are some of the most important things that we Muslims are meant to learn from this commemoration:

Obedience and submission

Eid ul-Adha serves as a reminder of the importance of obeying God’s commandments. It emphasizes the virtues of submission and surrender to the will of God, as demonstrated by Prophet Ibrahim’s willingness to sacrifice his son.

Faith and trust

Eid ul-Adha highlights the trust and faith that Muslims should have in God’s plan. It is a time to reflect on one’s faith and reaffirm the belief that God is the ultimate provider and protector.

Sacrifice and generosity

The festival commemorates the act of sacrifice by Prophet Ibrahim. Muslims mark this event by sacrificing an animal, typically a sheep, goat, cow, or, where available, a camel.

This sacrifice symbolizes their willingness to give up something dear to them for the sake of God.

The meat from the sacrificed animal is then divided into three parts:

•    One-third for the family

•    One-third for relatives and friends

•    One-third for those in need and less fortunate

This act of generosity is intended to promote social cohesion, compassion, and the spirit of sharing with others.

Unity and community

Eid ul-Adha brings together families, friends, and communities. Muslims gather for congregational prayers, visit one another’s homes, exchange greetings, and share meals. The celebration aims to strengthen the bonds of kinship, foster a sense of belonging, and promote unity among Muslims.

Charity and welfare‍

Another important aspect of Eid ul-Adha is its emphasis on helping those in need, a value often highlighted in religious teachings. Muslims are encouraged to donate to charitable causes and support the less fortunate, especially during this festive occasion. The distribution of sacrificial meat to those experiencing poverty ensures that everyone can share in the joy and celebration of Eid.

Eid ul-Adha serves as a reminder of the values of faith, sacrifice, generosity, and community. It promotes spiritual growth, strengthens social ties, and encourages Muslims to contribute to the well-being of society, particularly the underprivileged’.  

As a Sufi Muslim, I find some perspectives from Sufi teachers on the deeper and spiritual meaning of the symbolic sacrifice by Prophet Abraham (AS) to be especially worthy of sharing:

•    ‘From a Sufi perspective, Eid al-Adha, the “Feast of Sacrifice”,  is not merely a commemoration of Prophet Ibrahim’s (Abraham’s) willingness to sacrifice his son, but also a profound symbolic act representing the purification of the self and the ultimate surrender to God’s will. It is a time for inner reflection, spiritual growth, and a deeper connection with the Divine.

•    Sufis interpret the sacrifice of the animal as a metaphor for the sacrifice of one’s ego, desires, and attachments to the material world.

•    Just as Prophet Ibrahim was willing to sacrifice his son, Sufis strive to “sacrifice” their own worldly desires and attachments in order to embrace a more spiritual path.

•    Sufis believe that by consciously working to purify the self and surrender to God’s will, individuals can experience significant spiritual growth and transformation.

•    This process of transformation is seen as a continuous journey, with Eid al-Adha serving as a powerful reminder to remain focused on the path of spiritual enlightenment.

•    In essence, from a Sufi perspective, Eid al-Adha is not just a holiday, but an opportunity for deep spiritual reflection and transformation. It is a time to contemplate the true meaning of sacrifice, to embrace the love and mercy of God, and to strive toward a more spiritual and meaningful life’.

In conclusion, it is the belief of every Sufi Muslim that the struggle against one’s ego and attachment to worldly possessions holds far greater significance than the symbolic act of animal sacrifice.

At the end of the Hajj rituals, every pilgrim is expected to have drawn closer to Allah and to reflect on the daily struggles that define and distinguish us as individuals. The performance of the Hajj rituals serves as a powerful reminder of our shared human nature, our origin and our end from the cradle to the grave.

As the Prophet Muhammad (peace be upon him) said: “Allah does not look at your shape, appearance, or property, but at your hearts and deeds.” (Muslim)

Alhaji Khuzaima Mohammed Osman,
Eminent Member and Chairman of the Finance and Fundraising Committee of the Greater Accra Regional Peace Council (GARPC), the National Peace Council of Ghana (NPC).
ADR, Human Rights and Islamic Affairs Consultant.

The new levy, passed into law introduces a GHc1 levy on every litre of petroleum

As the public debate of the imposition of the new Energy Sector Amended Levy continues to rage after Parliament’s approval of the bill earlier this week, Dr Richard Danso, founder and chief executive of the Alliance for Development & Industrialisation, (ADI) has waded into the issue, declaring his full support for the new tax in the light of the financial predicament which the President Mahama administration has inherited and its implications if not resolved.

The new levy, passed into law on Tuesday, June 3, introduces a GH¢1 levy on every litre of petroleum products sold in Ghana.

The aim is to generate an additional targeted GH¢5.7 billion in revenues towards retiring the energy sector’s total indebtedness which stood at US$3.1 billion as the March 2025.

Finance Minister Dr Cassiel Ato Forson has explained that a minimum of US$3.7 billion is needed to retire the debt which continues to rise, while an additional US$1.2 billion will be needed to ensure the continuous supply of fuel to Ghana’s thermal power plants throughout this year.

Dr Danso points out that paying a GHc1 levy on each litre of petroleum products out of the effective savings of some GH¢4 per litre given consumers by the sharp appreciation of the cedi against the dollar over the past two months is an affordable price to pay for the guarantee of sustained 24 hour electricity supply, which would not happen if the debt is not paid off and companies along the power supply chain are unable to remain in operation generating and distributing electricity.

“All the potential economic gains we are now looking forward to as a country are dependent on our having power to drive our economic activities” Dr Danso asserted in Accra in the wake of the new levy’s Parliamentary approval.

“Without stable electrical power, the economy cannot generate the employment that our youth in particular so direly need and the economy as a whole will not be able to increase the productivity that is requisite if Ghana’s economic performance is to improve on a sustainable basis.”

He further pointed out that without regular electricity Ghana cannot produce cost competitive exports for the international market, which would jeopardise the cedi’s exchange rate against the dollar, which in turn would ultimately eradicate the cedi’s recent appreciation and the consequent cedi denominated savings consumers are enjoying on the price of petroleum products.

“Really this is common sense” Dr Danso has asserted. “The choice is to pay the GHc1 levy on petroleum products as government asks us to do or allow the electricity sector’s financial unviability to take us back to ‘dumsor’ and then we would end up losing the savings we are enjoying from the cedi’s appreciation which is four times the levy.”

Dr Danso also said that Ghanaians should give their government the benefit of the doubt with regards to its promise to re- fence the revenues generated by the new levy and devote all of them to the stated purpose of paying down the energy sector legacy debt.

Indeed, one worry that Ghanaians have expressed relates to the failure of past efforts to defray energy sector financial shortfalls.

They point out that ESLA was introduced in 2015 with the promise that it would defray the then energy debt in five years after which the levy would be terminated. A decade later however, it is still being levied but the energy sector debt has risen further rather than fallen.

However, the incumbent government has explained that the predecessor administration imprudently diverted the levy’s proceeds into other purposes, resulting in the current incongruous situation.

Nevertheless Dr Danso agrees that while the new levy will serve to defray the financial gap currently threatening the sustained supply of electricity in Ghana, its critics are correct in their assertion that this is a stop gap measure and a more permanent resolution to the problem of the debt build up needs to be found.

Currently the energy sector is afflicted by several key shortcomings including a costing structure that does not account for the financing of diesel imports for thermal power generation, energy transmission losses of up to 40% of power generated, inefficient billing by the Electricity Company of Ghana and recently unveiled sheer financial and material malfeasance within the state owned electricity retailer as well as dubious procurement processes.

Government intends to address these problems by, among other things, bringing private participation into ECG’s metering and bills collection activities, despite push back by certain vested interest groups and a greater reliance on cheaper, cleaner gas rather than diesel, for thermal electricity generation.

Tsiame came alive on Wednesday morning, June 5, 2025, as students, community leaders, and residents gathered at the RC School park to witness the launch of the Tree for Life initiative — a major step in the TDM Reforestation Drive aimed at restoring Ghana’s forest cover.

The event was graced by the Keta Municipal Chief Executive (MCE), Wisdom Seade, and the Forestry Commission Director for the Sogakofe enclave, Mr. Sackey.

Also present were assembly member David Kpata, Dumega Adonu, representatives of Togbi Doe Dallah, as well as the headmaster and teachers of Tsiame RC School.

In his address, Mr. Sackey, speaking on behalf of the Forestry Commission, lamented the alarming rate of deforestation and highlighted its impact on the environment.

He called on community members, especially the youth, to embrace tree planting not as a one-time event, but a lifestyle that could help heal the earth.

Mr Seade, in his remarks, praised the initiative and linked it to President John Dramani Mahama’s broader vision of reducing carbon emissions through sustainable environmental action. He reminded the audience of the critical role trees play in the ecological balance and urged the students to take personal responsibility for nurturing the trees planted.

To mark the occasion, the MCE, the Forestry Director, and the Assembly Member each planted a tree at the entrance of the local chapel, symbolising a collective commitment to a greener future.

Over 200 seedlings — including raffia palm and mahogany — were distributed at the launch.

The Forestry Commission is expected to deliver an additional 1,500 seedlings in the coming week for planting across Tsiame and its surrounding forest areas.

These areas were mapped during a recent tour with TDM representative, Mr. Gabriel Klu Gbafa.

According to the programme schedule, the Tree for Life launch will extend to other communities by the end of June. Planting will officially begin between June and September, with plans for a community town hall meeting once the full batch of seedlings is received.

The session will guide locals on best practices for tree planting and care.

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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.

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GraphicOnline

Jun – 06 – 2025 , 08:04

2 minutes read

As a demonstration of its commitment to environmental sustainability, Karpowership Ghana, in partnership with the Ghana Navy and the Forestry Commission, has embarked on a massive tree-planting exercise in the Western Region in support of the government’s “Tree for Life” initiative.

The event, which took place at the Sekondi Naval Base, saw the symbolic planting of 100 trees within the Naval facility, with an additional 2,900 trees earmarked for planting in the Subri Forest Reserve — a key ecological zone in the region. The event was held under the national theme, “Reclaiming Degraded Landscapes.”

The initiative is part of Karpowership Ghana’s ongoing support of the government’s “Tree for Life” programme, which aims to combat deforestation, restore degraded lands, and raise national awareness about environmental protection. This year’s effort brings the company’s total number of trees planted to 14,000 across Ghana since 2022.

Speaking at the event, Sandra Amarquaye, Head of Corporate Communications at Karpowership Ghana, described the initiative as more than a ceremonial gesture:

“Today is not just about planting trees, it’s about cultivating a culture of responsibility. We are proud to say that we are not only powering homes and industries across Ghana but also investing in the very environment that sustains us all. This is what we mean when we say, ‘Plant Today, Power Tomorrow.’”

Western Regional Minister Joseph Nelson commended the initiative and praised Karpowership Ghana for aligning its corporate actions with national sustainability goals:

“We need more of these public-private partnerships if we are to tackle the climate crisis and protect our natural resources.” He added, “While planting trees is commendable, it is equally important to care for them — to nurture, protect, and ensure their sustained growth and survival.”

The Flag Officer Commanding, Western Naval Command, Commodore Samuel Ayelazono, echoed the importance of collective environmental action, noting that the Navy sees environmental protection as part of its broader duty to the nation:

“The Navy’s mandate is to protect Ghana’s maritime domain, but we recognize that our duty also extends to the land and environment we are called to serve.

Partnering with Karpowership on this initiative is a step we are proud of, and we are committed to maintaining the trees planted here at our base. Thank you, Karpowership Ghana.”

The Deputy Chief Executive of the Forestry Commission, Elikem Kotoko, expressed deep appreciation to Karpowership Ghana for the initiative, describing it as a timely response to the environmental degradation threatening forest reserves in the region: “Ghana stands at a very critical moment with the menace of galamsey and its unfortunate impact on our environment. Therefore, this year’s theme speaks to the urgent task we face — as a nation and as a global community — of restoring what has been lost, healing what has been harmed, and renewing our commitment to protecting the natural environment upon which all life depends.”

The event brought together traditional leaders, regional officials, environmental advocates, and schoolchildren, who took part in planting the ceremonial trees and receiving education on the importance of trees in climate regulation, air quality improvement, and water conservation.

As part of its long-term sustainability agenda, Karpowership Ghana reaffirmed its unwavering commitment to environmental stewardship through impactful initiatives.

The company emphasized that tree planting is not a one-off activity but a vital component of its broader strategy to support climate resilience, restore ecological balance, and contribute meaningfully to Ghana’s green development goals.