On May 10, 2025, the Millennium Excellence Foundation, under the esteemed patronage of Otumfuo Osei Tutu II, the Asantehene, conferred the prestigious Millennium Excellence Award for Leadership on Afetsi Awoonor at the Manhyia Palace.
The award recognized his exceptional contributions to Ghana’s energy sector, entrepreneurial achievements, and dedication to national development through philanthropy.
Awoonor is the Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST) and a respected figure in Africa’s energy and development sectors.
A seasoned business executive, he previously served as Chairman of JBW Limited, a company he founded in 2013, and has held various leadership roles with multinational firms across sub-Saharan Africa.
The award celebrates not only his leadership in transforming Ghana’s energy landscape but also his broader impact through the Afetsi Awoonor Foundation—an organization committed to empowering Ghanaian youth to become self-sufficient, economically resilient, and active participants in national development.
With academic credentials from renowned global institutions, including the Graduate Institute in Geneva and the French Institute of Petroleum, Awoonor is also an international thought leader, conference speaker, and policy advocate.
His work has taken him to global stages in Switzerland, the United States, the United Kingdom, Kenya, and South Africa.
“Your leadership and accomplishments demonstrate your dedication to Ghana’s energy sector and social development, making you a respected figure in the business and philanthropic circles,” the Foundation’s citation reads.
This recognition solidifies Awoonor’s legacy as a transformative leader, one whose vision continues to illuminate the path toward a prosperous and inclusive Africa.
Black Satellites head coach Desmond Ofei has praised his players for their commitment and resilience despite Ghana’s failure to qualify for the 2025 FIFA U-20 World Cup.
Ghana’s U-20 team returned home following their quarter-final exit at the U-20 Africa Cup of Nations (AFCON) in Egypt, where they were narrowly beaten 5-4 on penalties by the host nation after a 1-1 draw in regulation time.
Speaking to the media at Kotoka International Airport, Ofei expressed pride in the team’s performance throughout the competition.
“The players gave their all,” he said. “They showed heart, discipline, and true Ghanaian character. I’m extremely proud of their dedication throughout the tournament. Though we didn’t achieve our ultimate goal, the effort and commitment were unquestionable.”
The Satellites had set out to secure one of the four available tickets to the FIFA U-20 World Cup but fell just short in a spirited campaign.
Leader of the delegation and Chairman of the Black Satellites Management Committee, Alhaji Abu Hassan Rhyzo, also spoke positively about the team.
“The boys gave a good account of themselves. They may be disappointed now, but they’ve shown that the future of Ghana football is still bright,” he said.
The Black Satellites are expected to reconvene in the coming weeks to prepare for the WAFU A and B U-20 competitions, which Ghana will host in June.
Ghanaian dancehall heavyweight, Shatta Wale, is once again making waves in the music industry as he intensifies the countdown to his much-anticipated album, The African King. In an unprecedented move, the self-proclaimed “Dancehall King” has released seven brand-new tracks within a single week, sending fans into a frenzy and reaffirming his commitment to owning the throne.
The songs, each unique in style and lyrical depth, reflect Shatta Wale’s versatility and dedication to his craft. From high-energy dancehall bangers to thought-provoking anthems, the releases are strategically paving the way for what is expected to be a historic moment in Ghanaian and African music.
This musical marathon has not only stirred social media engagement but also drawn attention from music critics and fellow artists alike. Industry observers believe Shatta Wale is redefining album rollouts in Africa, using consistency and surprise tactics to remain dominant in an ever-evolving scene.
Fans have praised the artist for his work ethic, with many describing the weekly song drops as “a festival of hits” and an early celebration of the upcoming album. The African King project is being positioned as a defining body of work that will cement Shatta Wale’s legacy not just as a Ghanaian star but as a continental icon.
Sources close to the SM boss hint that the album will feature both local and international collaborations, fusing Afrobeat, dancehall, reggae, and hiplife sounds into one powerful project. Although the official release date for The African King album is yet to be confirmed, the current momentum suggests the launch will be nothing short of spectacular.
As the music world watches with anticipation, one thing is clear—Shatta Wale is not just preparing an album; he’s building a cultural moment.
Stay tuned to Opera News Hub for more updates on Shatta Wale and all things entertainment.
Ghanaian media personality Okatakyie Afrifa-Mensah has leveled serious accusations against former President John Dramani Mahama, alleging that he is covertly collaborating with coup leaders in Mali, Niger, and Burkina Faso. Afrifa-Mensah claims Mahama is engaged in secretive dealings with Russia, possibly involving the diversion of Ghana’s gold as part of these alleged arrangements.
These allegations come in the wake of Mahama’s recent visits to the Sahel region, where he held talks with military rulers such as Mali’s Assimi Goïta, Niger’s Abdourahamane Tchiani, and Burkina Faso’s Ibrahim Traoré. Officially, these trips were framed as diplomatic efforts to rebuild ties between these countries and ECOWAS following their respective coups.
However, on his program For the Records, Afrifa-Mensah cast doubt on the stated purpose of these visits. He alleged that Mahama was using them to advance Russian interests in the region, suggesting that Ghana’s gold might be secretly involved in these dealings.
Afrifa-Mensah further criticized Mahama’s decision to involve Gbevlo Lartey, rather than formal ambassadors, in handling diplomatic engagements in the Sahel. He argued that such a move raised red flags and could indicate hidden motives, potentially linked to financial dealings influenced by Russian connections.
“Mahama is collaborating with the Russians, and this has been confirmed by a whistleblower,” Afrifa-Mensah asserted. “Where is Ghana’s gold going? He allegedly used it as collateral during his campaign, and now he’s repaying debts with it. Ghanaians deserve transparency on this issue.”
He also questioned why a former civilian president would be actively engaging with military regimes, suggesting that Mahama’s campaign funding might have ties to these governments, posing potential risks to Ghana’s national security.
Afrifa-Mensah concluded by warning that those who backed Mahama’s political efforts might have expected returns, implying that Ghana’s natural resources are being used to settle political debts.
Homes within the affluent Accra suburb, Lakeside Estate, were flooded following the heavy downpour on Sunday, May 18th, 2025.
Several videos on social media show the jaw-dropping aftereffects of the rain, which has left many houses in the vicinity flooded in a style reminiscent of the Akosombo Dam spillage-induced flooding that swept towns in the Volta Region a year or so ago.
Renowned Ghanaian author Raphaelle Antwi, known widely as Author Ralph, has been appointed as a diplomatic corps representative of the National Business League of America.
This distinguished volunteer appointment recognises his visionary leadership in global commerce aligning with the NBL’s mission.
Author Ralph’s appointment comes with a three-fold responsibility of leading diplomatic initiatives to forge alliances, amplifying global participation, and advancing unilateral, bi-lateral, and tri-lateral trade; serving as an eminent ambassador, building partnerships with government officials, sponsors, and industry leaders; and championing the Global Buyer-Supplier Summit, advocating trade policies to unlock BBE opportunities across the diaspora.
In response to his appointment, Author Ralph expressed appreciation to Dr Ken Harris, Mayor Johnny Ford, and the entire leadership of the National Business League for finding him worthy of the position.
He also thanked his team at the Relevant Achievers Impacting Nations for 28 years of support.
Author Ralph said, “This is more about the responsibilities than the opportunities for me. I am a believer in the fact that when you focus on the responsibilities, the opportunities would follow naturally. But when you focus and go after the opportunities, you are most likely to lose both the responsibilities and the opportunities.”
According to the renowned author, “I am committed to ensuring this new appointment is used responsibly to serve more people across the nations than I have done in the last 28 years.”
He further noted that “In the coming weeks, I am going to constitute a strategic team to begin planning our roadmap and the blueprint to maximising this appointment.” The author of 63 books also mentioned he would be launching his 20th anniversary celebrations in book writing and publishing in June this year.
The National Alliance for Black Business (NABB) under the National Business League and The World Conference of Mayors, Inc. will host the 125th Quasquicentennial National Business League Conference from August 17-23, 2025, in Tuskegee, Alabama, and Atlanta, Georgia. 5000 businessmen and women across the globe are expected to attend.
The National Business League, founded by Booker T. Washington is a trade group dedicated to empowering Black businesses and entrepreneurs in the United States
The Acting Chief Executive Officer of the Fair Wages and Salaries Commission (FWSC), Dr. George Smith Graham, has proposed the adoption of an hourly wage system across all sectors in Ghana. He believes this approach could significantly improve income fairness, especially for casual and low-income workers. Dr. Graham made this proposal on Friday, May 16, 2025, during a familiarization visit by the Parliamentary Select Committee on Employment, Labour Relations, and Pensions. The committee visited the FWSC, the National Pensions Regulatory Authority, and the Management Development and Productivity Institute (MDPI).
Dr. Graham explained that implementing an hourly wage system would not only lead to fairer compensation for casual laborers but would also help formalize the growing informal sector. According to him, this change would increase transparency in salary calculations and enhance workers’ access to social protection schemes. He emphasized that such a system would allow for better remuneration based on time worked and would contribute to reducing income inequality in the labor market.
The proposal has drawn widespread support from members of the public. One individual described it as a very good decision that could benefit many people, expressing hope for a brighter future under former President John Dramani Mahama’s leadership. Another commenter, Prince Miller, suggested that the system should not only be applied in the public sector but also in the private sector. Christian noted that the proposal is long overdue and would encourage greater responsibility and time management among workers.
Others also expressed enthusiasm, including a contributor who mentioned plans to launch a company in Africa next year that would adopt this daily wage model and employ more Ghanaians. Maxwell praised the idea, stating that it aligns with the “reset agenda” needed to address the country’s economic challenges. However, political undertones emerged as one individual claimed the NDC was targeting his business to block his potential leadership bid within the NPP, fearing it could lead to their return to power.
Overall, the proposal has sparked positive reactions, reflecting a collective desire for labor reforms that ensure fairer compensation and better working conditions.
The Ministry of Energy and Green Transition has firmly rejected accusations that its Minister, John Jinapor, is inciting fear over the country’s ongoing power issues.
In a sharp rebuttal, the Ministry maintained that the Minister’s recent statements to Parliament were grounded in facts and aimed at fostering transparency about the energy sector’s challenges.
The allegations were made by the Member of Parliament for Walewale, Tia Abdul-Kabiru Mahama, who, during an interview with Channel One TV on Saturday, 17 May, accused Jinapor of perpetuating alarmist narratives.
According to Mahama, the Minister’s communication style since taking office has leaned heavily on fear, which he claims has allowed him to bypass standard procurement protocols under the guise of urgency.
“He’s been issuing one alarm after another,” Mahama remarked. “And I believe this approach is deliberate—to create the impression of emergencies that justify awarding contracts through sole-sourcing.”
“My oversight indicates that over GH¢200 million in such contracts have been handed out without due process. He needs to move from scaremongering to becoming a ‘hope monger’.”
Responding to the same programme, the Ministry’s Public Relations Officer, Mr Richmond Rockson, refuted the MP’s claims.
He stressed that Minister Jinapor had simply provided an honest account of the state of Ghana’s energy sector during a recent presentation to the Parliamentary Select Committee on Energy.
Mr Rockson highlighted that the Minister’s objective was to inform, not to induce panic.
In particular, Rockson clarified that Jinapor addressed urgent matters such as the country’s rising energy sector debt, which stood at $3.1 billion as of December 2024, and the precarious state of fuel availability for thermal power plants.
“The Minister mentioned that there were only 2.6 days of fuel remaining at the time—but he also noted that fuel had subsequently been procured. Unfortunately, the latter point was largely omitted in media reports,” Rockson noted.
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.
Deputy Minister of Education, Dr. Clement Apaak, has charged the youth of Srogboe in the Volta Region to pursue tertiary education with seriousness, as it is the surest way of transforming their community.
Speaking on behalf of his boss, the Education Minister, Haruna Iddrisu, at the coronation and outdooring of Torgbui Tsibaglo II and Mama Dewornu II of Srogboe, Dr. Apaak highlighted the importance of tertiary education in nation-building.
He observed that although there was “a place” for young people in Ghana’s developmental journey, they had to be “determined, disciplined, and prepared to study hard.”
Dr. Apaak, who referred to education as an “inheritance” to the community, touted some of the professionals society could produce through tertiary education.
“Tertiary institutions — leading universities, technical universities, colleges of education, and nursing training institutions — are engines of national capacity building.
“They produce the engineers, the nurses, the teachers, the scientists, the researchers, the entrepreneurs, and the leaders who will drive Ghana’s progress. The young people gathered here today, I want to encourage you to pursue tertiary education with seriousness and purpose,” he said.
The Deputy Minister called on parents and guardians to invest in their children’s education, urging them to “create an environment where school attendance is prioritized.”
He welcomed the chief’s request for the establishment of a college of education in the town, calling it “necessary.”
Ghana could spend more than US$1 billion on liquid fuel to keep its thermal power plants running in 2025, according to Minister for Energy and Green Transition, John Jinapor.
This projection comes amid rising electricity demand, expected to increase by 300 megawatts annually.
The fuel products involved include diesel, light crude oil, and heavy fuel oil (HFO), the minister stated.
This development places significant pressure on the country’s energy infrastructure. Jinapor emphasized that the current situation is unsustainable and stressed the urgent need for a new gas processing facility to alleviate both financial and operational strain on the sector.
Speaking at the inauguration of two committees – Technical and Steering – to lead the construction of Ghana’s second national gas processing plant (GPP2) in Accra, the minister lamented that “liquid fuel currently is not part of the tariff structure.”
As part of efforts to address this challenge, construction of GPP2 has commenced. According to Jinapor, the project aims to provide a more cost-effective alternative to liquid fuel for electricity generation.
“Currently, we have a gas deficit of about 100 million standard cubic feet (MMscf) per day. So, we are compelled to buy very expensive liquid fuel to fill that gap. It is in light of this that the government has decided to build GPP2,” he explained.
The initiative is expected to save the country up to US$500 million annually. This means the savings from switching to gas for power generation could potentially cover the cost of the second gas plant within two years.
The construction of GPP2 is viewed as a strategic move to expand Ghana’s gas infrastructure to meet increasing domestic demand while reducing annual natural gas losses.
Jinapor noted that one of the critical issues facing the sector is the growing debt owed to Independent Power Producers (IPPs), which stems from the high cost of liquid fuel and the lack of sustainable energy alternatives.
GPP2 is also expected to increase gas consumption, improve the availability of Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG), and generate both direct and indirect employment opportunities.
The Minister for Finance, Dr. Cassiel Ato Forson, who chairs the Steering Committee, also underscored the importance of the new gas processing facility. He acknowledged that without the existing Atuabo Gas Processing Plant, the country would have faced even greater energy challenges.
Dr. Forson criticized the lack of previous investment in gas infrastructure and highlighted the worsening gas deficit, which forces the country to rely on costly liquid fuels for power generation.
He asserted that just two years of savings from the switch to gas could fund the new facility. “I’m surprised to hear that the previous administration, after so many years of talk, was unable to begin the process of acquiring a second gas processing plant,” he said.
The Finance Minister urged the Technical Committee to act swiftly. “We need to have a second gas processing plant as soon as possible, and I believe the Committee will be able to complete their work in time for us to commission the contractor.”
It will be recalled that the Africa Centre for Energy Policy (ACEP), in its 2025 Budget Insights, questioned the absence of any mention of GPP2 and its financing arrangements in the national budget, despite the Energy Minister’s announcement of Cabinet approval for the project.
According to ACEP, the additional processing facility would help Ghana optimize its domestic natural gas resources, including the commercialization of flared gas.
“The Ghana Upstream Petroleum Chamber estimates that Ghana lost about US$290 million to the value chain from flared gas in 2023. A previous attempt to develop a second train had a price tag of about US$800 million to process an additional 150 MMscf,” ACEP noted.
The think tank added, “This is more than double the benchmark cost for such a processing plant. Therefore, future attempts require a more transparent and competitive award process to ensure the country is getting value for money from the project.”
ACEP further emphasized that such projects should align with global benchmarks and not exceed typical market costs.
Ghana-born Togolese forward Yaw Annor has netted his 10th goal of the season
Ghanaian-born Togolese forward Yaw Annor was on target for Bank El Ahly in their Egyptian Premier League playoff clash against Al Ahly, but his efforts were not enough to prevent a 2-1 defeat at the Cairo International Stadium.
Annor’s well-taken goal gave the visitors a lifeline and raised hopes of securing at least a point. However, Al Ahly responded with a late winner to snatch all three points. The strike was Annor’s 10th of the season in 21 appearances, continuing his fine scoring form.
A former Ghana U-17 international, Annor featured for the Black Starlets in 2013 but remains eligible to represent Togo through his parentage.
He accepted a call-up to the Togolese national team in November 2023 and made his senior debut in a 2026 FIFA World Cup qualifier against Senegal.
Annor rose to prominence in the Ghana Premier League, where he won the Golden Boot in 2022 while playing for AshantiGold SC.
He later joined the Egyptian side Ismaily SC before moving to Bank El Ahly.
Ghanaian gospel musician Christiana Adowa Twene properly known as obaapa christy.She started singing at a very tender age. Obaapa Christy started music with, music group in Kumasi until she was approached by Osuani Afrifa, a famous Gospel Musician. Aside this she was among of the singer in their church choir and perform in so many occasion before she release her first album in 2002. Furthermore She was born in Kumasi in the Ashanti Region of to Mr Akwasi Twene and Mary Amoah Twene. Obaapa Christy is among of the few female musicians in Ghana who has experience a difficult time in their musical life and still have fame from the public. Currently obaapa Christy is a marriage woman with three children,She Share a very lovely photos of her self and children on her social media platforms.obaapa is among of the richest female gospel musician with estimated net worth of $500,000.
People living in Cape Coast are worried about something. They say that the Second Gentleman of Ghana, Dr. Edmund Opoku-Agyemang, is not seen or heard enough when it comes to how the country is run. On May 16, during street interviews, these residents complained that he seems too quiet. They want him to play a more active part in helping his wife, Vice-President Prof. Naana Opoku Agyemang.
A Call for More Public Engagement
The people of Cape Coast pointed out that past spouses of Vice Presidents in Ghana have done a lot. They mentioned Mrs. Matilda Amissah Arthur and Mrs. Samira Bawumia. Even though these women weren’t politicians themselves, they helped a lot and publicly supported their husbands. The residents are asking Dr. Opoku-Agyemang to do the same and be more visible to the public.
One person said, “We don’t know him. We don’t even know if he is a white man or a black man, and that is not good for our mum.” This shows they really want to feel more connected to the Second Gentleman and know more about him.
Who is Dr. Opoku-Agyemang?
Dr. Opoku-Agyemang is a smart man who works in academics. He is also a member of the Ghana Academy of Arts and Sciences. He has a similar work background to his wife, who is the first female Vice-President of Ghana. They have been married for many years and have three children: Kweku Opoku-Agyemang, Kwabena Opoku-Agyemang, and Maame Adwoa Opoku-Agyemang.
Why the Public Wants to See More
It’s known that Dr. Opoku-Agyemang has supported his wife’s career and public service behind the scenes. He has been there for her in private. However, because there isn’t much information about him in public, people are asking him to be more involved publicly.
The residents want him to do more to promote his wife’s ideas and plans for the country. If Dr. Opoku-Agyemang is more visible and speaks out more, it can help make the Vice President’s work even stronger and lead to her success. They believe his public presence would be a great asset to her role and to the nation.
Former National Chairman of the National Democratic Congress (NDC), Mr. Samuel Ofosu Ampofo, has been appointed as the new Board Chairman of the Ghana Cocoa Board (COCOBOD).
The new board is chaired by Dr. Samuel Ofosu Ampofo and includes key figures such as the Minister for Finance, Dr. Cassiel Ato Forson; Governor of the Bank of Ghana, Dr. Johnson Asiama; Chief Executive Randy Abbey; Alhaji Alhassan Kobina Ghansah; Vincent Oppong Asamoah; Deputy Minister for Trade, Samson Ahi; Deputy Minister for Agriculture, John Dumelo; Alhaji Alhassan Bukari; Nana Charles Owusu and Eric Turkson.
The inauguration was chaired by Energy Minister John Jinapor, who also serves as the Alternate Minister for Finance. In his remarks, Hon. Jinapor congratulated the new board members but expressed grave concern over the current state of COCOBOD.
Mr. Ofosu Ampofo is a well-known figure in Ghana’s political space. His new role as head of COCOBOD places him in charge of one of the most important institutions in Ghana’s economy. COCOBOD is responsible for the management and promotion of cocoa, one of Ghana’s top export products.
This appointment comes shortly after Mr. Ofosu Ampofo was named Policy Adviser on Political Affairs at the Office of the Vice President. That appointment was announced on January 28, 2025, in a statement signed by the Acting Presidential Spokesperson, Mr. Felix Kwakye Ofosu. The statement said that the people appointed to work with the Vice President are expected to help in the “Resetting Ghana Agenda.”
Other key people appointed to the Vice President’s office include Mr. Alex Segbefia as Chief of Staff, Maame Ama Pratt as Press Secretary, and several others handling important policy areas such as finance, economy, and the social sector.
Mr. Ofosu Ampofo has many years of experience in leadership and governance. He has served in different government roles, including as Minister for Local Government and Rural Development. His leadership at COCOBOD is expected to help improve the cocoa sector, support farmers, and increase Ghana’s cocoa production and revenue.
Many people believe his political and managerial experience will make him an effective leader at COCOBOD. Ghanaians will be watching closely to see how he performs in this new position.
He urged members of the political class to lead by example by actively engaging in farming to inspire the youth.
Gabby Otchere-Darko is a businessman and leading member of the New Patriotic Party (NPP)
Businessman and leading member of the New Patriotic Party (NPP), Gabby Otchere-Darko, has called on residents within the Greater Accra Region to respect traditional laws, particularly the ban on drumming and noise-making as part of the Homowo Festival celebrations.
According to him, individuals within the jurisdiction must adhere to the regulations set by traditional authorities, emphasising that failure to comply should warrant relocation.
In a May 18, 2025, social media post, Otchere-Darko urged residents to honour the seasonal restriction, stressing that silent prayers are equally effective.
“If you are on Ga land and they say this is a seasonal period of no noise-making (as in drumming, etc.), please respect that. After all, God hears silent prayers. If you disagree, please relocate! #RespectYourLandlord,” he posted.
Otchere-Darko’s comments follow a recent altercation involving taskforce members enforcing the noise ban and worshippers at a church service in Accra.
An individual known as Joojo shared a video on X (formerly Twitter) showing members of his congregation engaged in worship when the task force entered the auditorium, accusing them of violating the directive.
According to Joojo, the congregants were merely clapping during their session and were not using musical instruments, making the enforcement actions surprising.
The footage captured a heated exchange between the taskforce members and church attendees, which eventually escalated into a brief physical confrontation before being resolved.
The taskforce team, consisting of men and women wearing shirts labeled “Taskforce,” has yet to provide clear details regarding their actions.
The Accra Metropolitan Assembly (AMA) recently announced a ban on drumming and noise-making in designated parts of Accra as part of preparations for the Homowo Festival, a cultural celebration by the Ga people.
The directive includes restrictions on the use of loudspeakers, drums, tambourines, and other musical instruments, as well as prohibitions on merry-making and funeral rites during the specified period.
Former Vice President of Ghana, Dr Mahamudu Bawumia, has extolled the nation’s strides in digital financial services, describing Ghana as the fastest-growing mobile money market on the African continent.
Delivering an address at the Cambridge Africa Business Conference on Saturday, 17th May 2025, under the theme “Africa’s Digital Transformation: Building Resilient Economies Through Innovation,” Dr Bawumia underscored the transformative impact of digital reforms in the financial sector, with mobile money interoperability at the centre of the success story.
“We asked the questions: why can’t we make it possible to send mobile money across different telephone companies and also why can’t the mobile money account function like a bank account by making it interoperable with bank accounts? The answer to these questions was the implementation of groundbreaking mobile money interoperability (MMI) across all banks and telcos,” he explained.
According to Dr Bawumia, the implementation of the MMI has enabled seamless fund transfers between mobile money wallets and bank accounts, regardless of the service provider.
“This,” he observed, “has practically turned mobile money wallets into bank accounts, drastically improving access to financial services.”
He emphasised that Ghana remains the first African nation—and one of the very few globally—to attain full interoperability between bank accounts and mobile money wallets.
“Ghana is the first country in Africa and one of a very few in the world to achieve this type of interoperability between bank accounts and mobile wallets,” Dr Bawumia stated.
This pioneering move, he revealed, has led to over 90 percent financial inclusion among the country’s adult population, placing Ghana at the apex of Africa’s financial accessibility rankings.
“Every adult Ghanaian can either get a traditional bank account or a mobile money account which works like a bank account,” he noted.
Referencing empirical data, Dr Bawumia disclosed that mobile money transactions in Ghana have surged fortyfold between 2017 and 2024.
The country, he added, now possesses a fully interoperable instant payment system and has gained international acclaim for its regulatory framework in the mobile money space.
Further highlighting Ghana’s digital credentials, he noted that the country is one of only four globally—alongside Singapore, India, and China—to roll out a universal QR code payment system, thereby positioning itself as a global leader in digital payment innovation.
With these milestones, Dr Bawumia declared, “Ghana is firmly placed on the digital transformation map and serves as a model for other African nations aiming to expand financial inclusion and modernise their economies.”
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.
Former Subin MP and NPP stalwart Eugene Boakye Antwi emphasized the urgent need for the New Patriotic Party (NPP) to win the 2028 general elections In a recent Metro TV Good Morning” interview monitored by MyNewsGh.
According to him, the party stands a better chance in 2028 than in 2032 because President Nana Akufo-Addo—affectionately called “John Mama”—will be completing his final term and unable to run again, leaving a vacuum for a new candidate.
Karela United reignited their survival hopes with a 3-1 victory over Medeama SC in the Premier League at the Aliu Mahama Sports Stadium on Sunday, May 18, 2025.
With relegation looming large, the home side produced one of their most spirited performances of the season, inspired by a brace from Malik Abubakar and a goal from Ali Alhassan.
The win sees Karela climb out of the relegation zone, moving up to 15th place on the table with just three games remaining in the campaign.
Medeama, who have struggled on the road all season, looked disjointed for much of the first half, unable to match Karela’s intensity and energy. However, they managed to reduce the deficit in the 39th minute when forward Godknows Dzakpasu pounced on a loose ball in the box to fire past the goalkeeper.
The Mauve and Yellow were unable to find a way back, and the final whistle confirmed yet another disappointing result away from home. The defeat sees them remain in 7th place on the league table, missing a chance to break into the top six.
Ghana’s former Vice President, Dr. Mahamudu Bawumia, delivered an impassioned speech at the Cambridge Africa Business Conference, rallying a global audience around Africa’s digital awakening.
Declaring that “Africa’s time is now,” Dr. Bawumia asserted that the continent has all it needs to lead in innovation—provided its leaders and institutions remain committed to bold, tech-driven reforms.
Using Ghana as a beacon, Dr. Bawumia highlighted how digitisation has improved government transparency and expanded access to services.
He cited the implementation of a national digital property address system, the Ghana Card as a unique identifier, and a groundbreaking mobile money interoperability platform that has become a model for other countries.
He explained that digital platforms have enabled governments to collect revenue more efficiently, deliver social interventions with precision, and combat corruption through traceable transactions.
“When the systems work,” he stated, “the people benefit.” His remarks echoed a broader theme of building trust in public institutions through smart technology.
Dr. Bawumia emphasised the importance of developing homegrown digital solutions. “We cannot rely on imported systems that do not understand our unique challenges,” he warned.
This marks a 13.3% increase compared to the same period last year, according to a new industry report.
Here is the rewritten and paraphrased version of your story in British English, with corrected grammar, italicised quotes, and subheadings:
Africa’s Top 10 Countries Driving Hotel Development in Early 2025
10. Ghana
Ghana ranks tenth in Africa’s hotel development pipeline with 22 projects totalling 3,125 rooms, of which 68.9% are under construction. The majority of these developments are centred in the capital, Accra, where global hotel giants Hilton and Marriott International dominate the market.
Emerging players such as Aleph, Eurostars, Index, and CityBlue are also expanding their footprint, with a Radisson Individuals property currently being built. Ghana’s appeal continues to rise as it becomes a favoured hub for business and tourism.
9. Tanzania
Tanzania takes the ninth spot with 29 hotel projects and 3,432 rooms, although only 37.9% are under active construction. Zanzibar stands out as the primary development zone, with ten resort openings scheduled between 2025 and 2026.
The island is attracting a mix of midscale and luxury brands, including Moxy, Protea, Anantara, Four Seasons, and Ritz-Carlton, positioning it as a growing regional tourism hotspot.
8. South Africa
With 28 hotel developments and 4,076 rooms, South Africa ranks eighth. Of these, 64.3% are already under construction. The country continues to see consistent investment across its major cities, maintaining its position as a key hospitality destination on the continent.
7. Tunisia
Tunisia comes in seventh with 17 hotel projects comprising 4,336 rooms, 66.1% of which are currently being built. Although the overall number of projects is modest, the high construction rate indicates serious commitment to growing the nation’s coastal tourism infrastructure along the Mediterranean.
6. Kenya
Kenya holds sixth place with 26 projects and 4,344 rooms, with 62.8% already under construction. The country continues to attract significant investment in both city and resort areas, spurred by a robust tourism sector.
Many of these hotels are expected to open in the next few years, signalling a strong pipeline and sustained growth in Kenya’s hospitality industry.
5. Cape Verde
Cape Verde ranks fifth with only 16 hotel projects but an impressive 5,565 rooms. Just 37% are under construction. The standout feature is the average size of its resorts—348 rooms—nearly double the African average, with a clear focus on European beachfront tourism.
Boa Vista is the epicentre of activity, home to three of Africa’s ten largest hotel pipeline projects, including Meliá’s enormous 835-room White Sands Resort. The pipeline includes large-scale developments by Hilton, Meliá, TUI, and Marriott. However, only one resort—TUI’s 595-room Magic Life—is expected to open in 2025.
4. Ethiopia
Ethiopia ranks fourth with 33 hotel projects and 5,648 rooms, a staggering 83.8% of which are under construction. Addis Ababa, known as Africa’s diplomatic capital, hosts most of these projects, including 19 properties.
Leading the city’s development are Marriott (six hotels), Accor, Radisson, and The Ascott, each with three properties. Fifteen of the hotels are set to open between 2025 and 2026, potentially placing pressure on occupancy rates if all open as planned.
3. Nigeria
Nigeria is third with 48 hotel projects totalling 7,320 rooms. However, only 39% of these are under construction, indicating slower progress. The country slipped behind Morocco due to fewer new deals in 2024.
Lagos leads the market with eight Marriott hotels (1,228 rooms), followed by Accor, Radisson, Wyndham, and Hilton. Abuja, the capital, has 14 planned projects, mostly from Marriott and Radisson, but nine remain in pre-planning stages. No new openings are expected in 2025.
2. Morocco
Morocco climbed to second place with 58 projects and 8,579 rooms, with 72.4% under construction. The country outpaced Nigeria after securing 13 new deals in 2024 and achieving a 50% opening rate among scheduled projects.
Casablanca holds about one-third of the national pipeline, with 60% of its rooms expected to open by 2026. The city is welcoming several brand firsts, including Accor’s Mama Shelter, Marriott’s Moxy, and Eurostars’ African debut. Five new hotel openings are planned for 2025.
1. Egypt
Egypt leads the continent with 143 projects totalling 33,926 rooms—representing 32.5% of all rooms under development in Africa. Despite this, only three of 12 scheduled hotel openings occurred in 2024. A significant 154 are projected for 2025.
Greater Cairo accounts for 17% of the continent’s total pipeline, led by development in New Cairo. Accor, Marriott, Hilton, and IHG are major players, collectively responsible for 14,630 rooms. Approximately 30% of Cairo’s hotel projects are slated to open by 2026.
In Sharm El Sheikh, Accor controls 96% of rooms across eight developments, with Hilton building the only other hotel in the area.
Kennedy Agyapong is a former Member of Parlaiment for Assin Central
Concerned lawyers of the largest opposition the New Patriotic Party (NPP) are demanding an immediate retraction and apology from Sampson Lardy Anyenini for what they described as unprofessional and unethical commentaries against Kennedy Agyapong within 7 days.
According to the concerned lawyers, recent commentaries made by Anyenini on his News File show crossed the boundaries of responsible journalism and professional ethics.
They stated that the statements conflate legal analysis with inflammatory rhetoric and reveal a troubling pattern of behaviour that undermines confidence in Ghana’s judiciary while simultaneously launching unprovoked and slanderous attacks on the character of Kennedy Ohene Agyapong.
They have issued a 7-day ultimatum for an apology and retraction.
The Ghana Integrated Iron and Steel Development Corporation (GIISDEC) has initiated efforts to bring order to the multibillion-cedi scrap metal industry, with plans to introduce a mandatory licensing regime targeting scrap dealers and exporters.
The new regulation is intended to curb theft, minimize environmental damage, reduce tax evasion, and protect national infrastructure, which officials say has increasingly come under threat from unregulated scrap collectors.
The yet-to-be-finalised licensing policy will require all players in the scrap value chain—including collectors, middlemen, exporters, and buyers—to register under a new oversight framework being developed by GIISDEC in collaboration with the Ministry of Local Government and the Attorney-General’s Department.
“The whole scrap industry will be regulated, and people will need a license before they can operate,” said Williams Okofu-Dateh, Chief Executive Officer of GIISDEC, in an interview with the Business & Financial Times.
He noted that unlicensed operators currently act with impunity—engaging in cross-border trade, evading taxes, and posing serious risks to public safety and the environment.
The scrap metal sector is a critical component of the domestic steel industry. With no commercially viable iron ore production to feed local steel mills, the country’s manufacturers rely almost entirely on scrap metals to produce iron rods and anvil bars—key inputs for the construction industry.
According to Okofu-Dateh, steelmakers in Ghana supply over 70 percent of the iron rods used nationally, all derived from scrap metal.
Despite its strategic importance, the industry remains largely informal and undocumented. No official data exists on the annual volume or value of scrap metal collected and processed in Ghana. This lack of visibility, GIISDEC argues, has created an unchecked market where theft, tax evasion, and hazardous practices have become commonplace.
“We don’t know who is collecting what or selling to whom. Anyone can just walk up to a facility and buy scrap metal with no questions asked,” Mr. Okofu-Dateh said. “As a result, people are stealing drain covers, electrical components, and even dismantling machinery under the guise of scrap.”
Beyond infrastructure theft, safety concerns abound. Trucks carrying scrap are often overloaded and unsecured, spilling sharp metal debris onto highways and endangering other road users. Moreover, the indiscriminate burning of wires to extract copper contributes to air pollution and poses health risks to nearby communities.
Environmental and fiscal considerations are central to the new regulatory drive. GIISDEC says the lack of proper oversight has resulted in significant tax losses to the state. Scrap dealers currently operate with minimal accountability, and many do not remit any form of tax beyond token fees paid at the municipal level. The licensing framework aims to formalise the industry and channel more revenue to government coffers through proper taxation and traceability.
“We need to know who adds value to steel materials, who collects, who processes, and where it all ends up,” the CEO noted. “Licensing will also help us monitor pricing practices, protect dealers from exploitation, and ensure compliance with health and safety standards.”
The regulation is also expected to bring structure to the export segment of the market. Currently, some dealers smuggle scrap metals out of the country through informal channels, depriving local steel plants of raw materials.
Others import scrap from neighbouring countries like Côte d’Ivoire, with little oversight or documentation. GIISDEC wants to make it mandatory for scrap sales—whether domestic or international—to be conducted through licensed entities.
“We’ve started the process,” Mr. Okofu-Dateh said. “We are doing everything possible to roll out the licensing regime in a few months.”
He noted that a multi-stakeholder committee is being formed to develop the modalities for implementation.
While no firm timeline has been disclosed, GIISDEC says the policy could become operational before the end of the year, pending completion of legal and institutional consultations. Once implemented, only licensed operators will be permitted to collect, trade, or export scrap metals.
The agency is also considering registering large-scale metal fabricators and machine part dealers who rely on scrap for their operations. This, officials argue, will enhance oversight and ensure that used parts sold on the market are traceable to legal sources.
At the core of GIISDEC’s mandate—established by an Act of Parliament in 2019—is the promotion and development of an integrated iron and steel industry in Ghana.
The corporation sees scrap metal regulation as essential to that objective, given its position as the only locally available raw material for steel production.
“The scrap business is not just a side hustle. It is the backbone of our steel industry,” Mr. Okofu-Dateh said. “But right now, we are leaving this critical sector in the hands of amateurs. That has to change.”
The Electoral Commission (EC) of Ghana, under the leadership of Chairperson Jean Mensa, has officially confirmed the parliamentary election results for the Ablekuma North constituency, resolving a protracted impasse that had cast uncertainty over the area’s representation in Parliament. This development follows months of contention stemming from procedural irregularities during the initial vote collation process.
In the aftermath of the December 2024 general elections, the EC nullified the preliminary parliamentary results for Ablekuma North, citing significant procedural breaches. According to the Commission, the initial declaration was made without the inclusion of results from 62 polling stations, rendering the outcome incomplete and legally untenable. Additionally, reports indicated that EC officials faced threats and undue pressure during the collation process, further compromising the integrity of the results.
The nullification of the results led to heightened tensions among political stakeholders and constituents, prompting calls for a transparent and expedited resolution. In response, the EC engaged in consultations with major political parties, including the National Democratic Congress (NDC) and the New Patriotic Party (NPP), to chart a path forward.
After thorough deliberations and a meticulous re-collation of the votes, the EC has now affirmed Ewurabena Aubynn of the NDC as the duly elected Member of Parliament for Ablekuma North. This confirmation not only restores clarity to the constituency’s parliamentary representation but also underscores the EC’s commitment to upholding electoral integrity.
The resolution of the Ablekuma North electoral dispute serves as a testament to the importance of adherence to due process and the rule of law in democratic governance. It also highlights the critical role of electoral bodies in navigating complex challenges to ensure that the will of the people is accurately and fairly represented.
For a detailed account of the EC’s confirmation and related developments, viewers can refer to the following video source:
As tributes continue to flood social media following the passing of Highlife legend Dada KD, new details have emerged about the veteran musician’s final days, revealing a heartbreaking story of silent emotional battles behind a strong public image.
In a phone interview with Zion Felix, Renowned media personality, Nana Romeo, disclosed that although the “Somu Gye” hitmaker appeared physically healthy and was actively preparing for an upcoming show in london, he was silently battling deep emotional struggles.
“He looked fit. He never complained of any sickness. In fact, he was recently on my radio show and looked completely fine,” Nana Romeo revealed. “But when you spoke to him one-on-one, you would realize that financially, psychologically, emotionally, he wasn’t a happy person. He was going through a lot in life.”
Nana Romeo further recounted how he got to know about the heartbreaking news. According to him, he started seeing posts on social media with captions like “Rest in Peace” and questions asking whether Dada KD had died. Shocked and confused, he immediately reached out to the artist’s manager for confirmation.
“The manager sounded broken. There were tears in the manager’s voice. She confirmed the news and told me that when he got to Dada KD’s house, the legend wasn’t talking, wasn’t active. They rushed him to the Gbawe Hospital, but sadly, he passed away this evening,” he said with sadness.
The radio presenter also revealed that Dada KD was in the middle of preparing for a major show in the UK scheduled for next week. “We were seriously working on it. Everything was being arranged,” Nana Romeo noted.
For now, the actual cause of death remains unknown. The family and management are awaiting a full medical report from the doctors.
Nana Romeo extended his deepest condolences to the family, fans, and the entire nation, emphasizing how much of a loss this is to Ghana’s music industry.
Dada KD, born Dada Kwaku Duah, was known for timeless Highlife classics such as “Fatia Fata Nkrumah,” “Somu Gye,” “Honest Love,” “Odo Mu Anigyie,” amongst others. His music touched hearts and told stories that resonated with many across generations.
This is a developing story. More updates will be provided as further information becomes available.
Watch Video Here: https://www.facebook.com/share/v/1659Jp17CD/
Liverpool are ready to trigger the release clause of Bayer Leverkusen’s Jeremie Frimpong as they close in on their first summer signing.
The 24-year-old, who can play across the right-hand side, is wanted by fellow Dutchman Arne Slot for next season’s campaign and talks towards a deal have progressed in recent days.
Frimpong’s release clause is understood to be in the region of 35m euros (£29.5m), with Liverpool expected to meet that figure.
If the Premier League champions can complete a swoop for the Netherlands international, it could help soften the blow of losing Trent Alexander-Arnold, who is set to join Real Madrid after confirming his decision to leave Anfield when his contract expires at the end of the season.
Frimpong, who came through the youth ranks at Manchester City and played for Celtic, could replace the 26-year-old Alexander-Arnold at right-back.
He has made 53 appearances in all competitions for club and country this season and played an integral role in helping Leverkusen to their first Bundesliga title in 2024.
Frimpong’s former club Celtic would be due a portion of any transfer fee Leverkusen receive, with some reports suggesting the sell-on fee negotiated when he left the club in 2021 could be as high as 30%.-BBC
The Ministry of Energy and Green Transition has firmly rejected accusations that its Minister, John Jinapor, is inciting fear over the country’s ongoing power issues.
In a sharp rebuttal, the Ministry maintained that the Minister’s recent statements to Parliament were grounded in facts and aimed at fostering transparency about the energy sector’s challenges.
The allegations were made by the Member of Parliament for Walewale, Tia Abdul-Kabiru Mahama, who, during an interview with Channel One TV on Saturday, 17 May, accused Jinapor of perpetuating alarmist narratives.
According to Mahama, the Minister’s communication style since taking office has leaned heavily on fear, which he claims has allowed him to bypass standard procurement protocols under the guise of urgency.
“He’s been issuing one alarm after another,” Mahama remarked. “And I believe this approach is deliberate—to create the impression of emergencies that justify awarding contracts through sole-sourcing.”
“My oversight indicates that over GH¢200 million in such contracts have been handed out without due process. He needs to move from scaremongering to becoming a ‘hope monger’.”
Responding to the same programme, the Ministry’s Public Relations Officer, Mr Richmond Rockson, refuted the MP’s claims.
He stressed that Minister Jinapor had simply provided an honest account of the state of Ghana’s energy sector during a recent presentation to the Parliamentary Select Committee on Energy.
Mr Rockson highlighted that the Minister’s objective was to inform, not to induce panic.
In particular, Rockson clarified that Jinapor addressed urgent matters such as the country’s rising energy sector debt, which stood at $3.1 billion as of December 2024, and the precarious state of fuel availability for thermal power plants.
“The Minister mentioned that there were only 2.6 days of fuel remaining at the time—but he also noted that fuel had subsequently been procured. Unfortunately, the latter point was largely omitted in media reports,” Rockson noted.
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.
The Tafo Pankrono Divisional Police Command has arrested a 16-year-old Form Two student of Osei Kyeretwie Senior High School (OKESS) for unlawful possession of a locally manufactured firearm.
The minor was apprehended following a routine inspection conducted by school authorities within the dormitory premises.
According to the school, the search was carried out on the morning of Wednesday, around 9:30 a.m., during which the weapon was discovered in the student’s belongings.
He was immediately detained by the school administration and handed over to the police for further inquiry.
During preliminary interrogation, the student alleged that the firearm belonged to his stepfather, Mr Daniel Owusu Baafi.
Acting on this information, the police arrested Mr Baafi the following day, Thursday, 15th May 2025, to assist with investigations into the matter.
Both the student and Mr Baafi have since been granted police enquiry bail.
They are required to report to the police on Monday, 19th May 2025, to assist with ongoing investigations into the unlawful possession of the weapon.
The Head of Public Affairs for the Ashanti Regional Police Command, Deputy Superintendent of Police (DSP) Godwin Ahianyo, disclosed these details in a press statement issued on Sunday.
The police have assured the public of their commitment to ensuring the safety and security of educational institutions within the region.
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.
With sanitation conditions deteriorating in the Awutu Senya East Municipality of the Central Region, residents are sounding the alarm over a possible resurgence of cholera and are calling for immediate government intervention.
In the Central Business District (CBD) of Kasoa, uncollected garbage piles are a common sight—lining road kerbs, intersections, and bus stops. The situation is especially severe around the New Market area and the old market zone, where the stench from decomposing waste has become unbearable for traders and commuters alike.
Some transport operators, whose terminal has effectively become a dumping ground, voiced their frustration in an interview with Channel One News on Sunday, May 18.
“We are suffering, there’s an awful stench here. They deposit the refuse here at night. The refuse here includes human excreta, and we are inhaling all these,” one operator lamented.
Their fears are not unfounded. A cholera outbreak last year claimed eight lives and infected many more in the municipality. Residents now worry that without urgent intervention, the situation could spiral into another public health crisis.
To address the growing concern, Member of Parliament for the area, Phyllis Naa Koryoo Okunnor, advocated for modern waste management solutions in the CBD.
“We are hoping for new technologies that will come on board. I know that certain technologies and places are used to collate the refuse, and at the end of the day, they sell it to companies for recycling,” she told Channel One News.
Responding to the public outcry, the Awutu Senya East Municipal Assembly has pledged improvements in waste handling. Municipal Chief Executive for Kasoa, Seth Sabah Serwonoo-Banini, said efforts were underway to identify and secure dedicated waste collection sites.
“One of the things that we have started is to search for places that, if need be, we can acquire to keep our containers—places that we can convert into use to serve this need,” he stated.
Residents remain hopeful that swift and sustainable action will be taken to avert another health disaster.
Ghana stands at a historic crossroads, a moment where the rich soil beneath our feet and the resilience of our farmers must align with innovation, investment, and global opportunity.
The upcoming Ghana Horticulture Expo 2025, slated for June 11-13, 2025, at the Accra International Conference Center, is not just another trade show; it is a bold national statement. A statement that says: Ghana is ready to transform its horticultural sector into a powerful engine for economic growth, job creation, and export expansion, powered by a dynamic 24-hour economy.
The Expo will spotlight Ghana’s best in fruits and vegetables, while creating a powerful platform for producers, buyers, exporters, investors, and technology providers.
Horticulture already plays a vital role in Ghana’s non-traditional export basket.
The Expo opens doors for international buyers, secures trade deals and boosts foreign exchange earnings.
The event will showcase cutting-edge agritech (cold storage, organic processing, irrigation, and packaging), encouraging a shift from raw exports to high-value processed goods that retain wealth within Ghana.
By featuring produce from all 16 regions, the Expo decentralizes opportunities, linking rural farmers directly to global supply chains and improving livelihoods.
Modern horticulture is no longer limited by daylight. With digitization, logistics, and cold chains, Ghana can run seamless, round-the-clock agricultural businesses.
The Expo demonstrates how horticulture can anchor a continuous economic cycle of production, processing, and distribution. Behind every harvest is a human story. A mother working the land to feed her children.
A youth turning to agribusiness to forge a future. A diaspora investor returning to grow in Ghana.
The Expo is a tribute to these dreams. It tells the world that agriculture is not a fallback’s a future.
The writer Kwaku Boateng is the Vice-President, Coconut Federation-Ghana
The Minority Members on the Energy Committee of Parliament have vowed to oppose any further increases in electricity tariffs unless the Electricity Company of Ghana (ECG) significantly improves its service delivery.
The Minority contends that despite a recent 14.75% tariff increment, the ECG has failed to address its persistent commercial losses, which have contributed to a staggering GHc67 billion debt owed to power producers.
According to the caucus, this financial mismanagement is a major factor behind ECG’s ongoing underperformance.
The concerns were raised during a meeting between the Parliamentary Energy Committee and key agencies in the power sector. George Kwame Aboagye, the Ranking Member of the Committee, issued a strong call to action, urging the ECG to take immediate steps to enhance its efficiency and accountability.
“We said we would not accept or agree to a new tariff, and we stand by that. We want to see performance first,” he said.
Adding to the concerns, the Vice Chairman of the Committee, Naser Toure Mahama, called on ECG to ensure easy and timely access to electricity meters for consumers.
He said that removing the bottlenecks in meter acquisition would not only improve customer satisfaction, but also help increase revenue generation for the company.
“People who are from the waiting list to get a meter to start paying for them. So, if ECG can make sure they can produce meters for the customers, it only means it is going to create more revenue for them.
“They should work hard to ensure that customers are not delayed, so they can also start paying revenue,” he added.
The Electricity Company of Ghana (ECG) has assured the public that efforts are underway to restore power following outages caused by a severe rainstorm that hit parts of the country on Sunday.
In an official announcement, ECG confirmed that the storm disrupted sections of its network, leading to power cuts in several areas. The company emphasized that its engineers are working diligently to repair faults and ensure affected customers regain electricity as soon as possible.
ECG also encouraged individuals experiencing localized outages, fallen poles, or sagging conductors to report such incidents promptly. Customers can reach the ECG Call Center at 0302-611611, visit the nearest ECG office, or contact the company via @ECGghOfficial on Facebook, X, or Instagram for swift assistance.
While expressing regret over the inconvenience caused, ECG reassured the public of its commitment to restoring stability to the power supply.
Read the full statement below
Announcement Sunday, 18th May 2025
OUTAGES DUE TO HEAVY RAINSTORM
The Electricity Company of Ghana wishes to inform our cherished customers and the general public that the heavy rainstorm that hit parts of the country today, Sunday, 18th May, 2025, has caused some outages within our network.
ECG wishes to assure all affected customers that our engineers are working assiduously to repair the faults and restore power supply.
Individual/localised outages and incidents of fallen poles, or sagging conductors within customers’ vicinities should be reported to the ECG Call Center on 0302-611611, the nearest ECG office, or reach us on our social media handles via @ECGghOfficial on Facebook, X, or Instagram for prompt intervention.
Latest data from the Bank of Ghana indicates that government missed its Treasury bill target for the third consecutive time falling short by GHS 3.92 billion.
The auction recorded an undersubscription rate of 58.67%, a stark contrast to the previous week’s full acceptance.
The government sought to raise GHS 6.68 billion but received total bids of GHS 2.76 billion.
The 91-day bill received GHS 4.36 billion in bids, with GHS 2.09 billion accepted. For the 182-day bill, the government accepted GHS 513 million out of GHS 731 million tendered, while the 364-day bill attracted GHS 260 million in bids, of which GHS 154 million was accepted.
The weak uptake caused yields to decline further. The 91-day rate fell by 5 basis points to 15.11%, from 15.16% the previous week. The 182-day yield edged down 2 basis points to 15.68%, while the 364-day rate dropped 1 basis point to 16.79%.
For market analysts, the weaker investor appetite signals investors may be growing cautious about short-term government securities. This could be due to concerns about fiscal risks, liquidity constraints, or more attractive alternative investments.
Also, falling yields reduce investor returns, as lower yields make T-bills slightly less attractive—especially for investors seeking higher returns to offset inflation or currency risks.
Looking ahead, the government is targeting GHS 5.54 billion in the upcoming auction.
Economist Professor Godfred Bokpin is worried about the environmental cost of cedi stabilisation efforts, calling on the Bank of Ghana (BoG) to clarify whether it is buying gold from responsible sources.
Speaking on Newsfile on Saturday, May 17, he said while the recent strengthening of the cedi is welcome, it is critical to examine the source of the gold being used in the central bank’s interventions.
“How do we consciously move away from this environmentally destructive growth model?” he asked.
“To what extent can the central bank and stakeholders assure us that the gold they are buying in terms of gold for reserves is from responsible miners?”
He warned that if Ghana continues to tolerate irresponsible mining in the name of shoring up reserves, the long-term consequences would be severe.
“Any intervention that causes considerable destruction to the environment in the name of getting more gold is not sustainable. At the end of the day, it will come back to bite us,” he said.
Prof. Bokpin expressed concern that efforts to tackle illegal mining and protect the environment could be undermined if the government’s gold-for-reserves strategy draws from unethical sources.
“We are putting considerable pressure on government to deal with irresponsible mining. But if the central bank’s purchases are indirectly supporting that same illegality, what message are we sending?”
Turning to the recent appreciation of the cedi, Prof. Bokpin acknowledged several contributing factors, including expenditure-based fiscal consolidation and tight monetary policy.
He explained, “Government is not spending. You check across ministries, departments, and agencies — not much is going out. That’s verifiable.”
He added, “When government is not spending and imports are low, the economy’s cash absorption capacity is restricted. Demand is subdued. So with improved FX flows — gold, cocoa, and remittances — the Bank of Ghana can step into the market, and that alone strengthens the cedi.”
However, he cautioned that the strengthening must be assessed for sustainability. “We’ve been in this country. Anytime the cedi strengthens, the real question is: can it last?”
Prof. Bokpin suspects the central bank is using the exchange rate as a tool to reduce inflation.
“They want to bring inflation down from the exchange rate point of view. But if the consideration is that we can’t tackle inflation from the supply side, then I don’t support strengthening the cedi this way.”
He argued that inflation should be tackled through supply-oriented policies instead of artificially pushing down the exchange rate.
“Supply-oriented policies will not coexist with what we are doing right now.”
He also questioned the strategy’s long-term implications. “Dragging down the exchange rate only makes imports cheaper. That doesn’t create jobs. It doesn’t build our economy.”
According to him, the market has largely adjusted to a rate of GHS15 to the dollar.
“If you’re pushing it down, to what point? The Bank of Ghana hasn’t communicated a target rate. That leaves the market guessing, and that uncertainty alone is disruptive.”
Prof. Bokpin advised that the current favourable FX inflows should be used to build reserves rather than just manipulating the exchange rate.
“Let’s build our reserves so that in the next 10 to 20 years, we can ensure long-term currency stability. That would be more helpful.”
He also pointed to inflation trends since November 2023.
“Inflation on locally produced items is now higher than imported inflation. You’re better off importing and paying all the duties than producing here. That’s a problem.”
In his view, without a clear policy direction and sustainable sourcing, the gold-for-reserves initiative risks not just economic distortion, but environmental degradation.
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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.
About 40 Assembly Members in the Atwima Mponua District of the Ashanti Region have petitioned President John Dramani Mahama to consider nominating Sakina Oforiwaa as the District Chief Executive for the area.
The Assembly Members said the protracted delay in nominating a substantive DCE for the Atwima Mponua District has hindered effective governance, the coordination of development projects, and the administration of affairs at the Assembly.
They added that the leadership vacuum has stalled the pace of development, attributing it to delays in the nomination of a District Chief Executive (DCE).
Atwima Mponua District and the Asante Mampong Municipality remain the only two areas in the region yet to receive nominees following the recent announcement of MMDCE appointments nationwide.
Out of 43 Metropolitan, Municipal, and District Assemblies across the Ashanti Region, 41 have had their Chief Executives nominated—and in several cases, confirmed and sworn into office.
In a May 9, 2025, petition signed by over 30 Assembly Members and government appointees, it was indicated that Sakina Oforiwaa, an active member of the National Democratic Congress (NDC) in the Constituency, remains the preferred candidate of the three individuals seeking to be DCE for the area.
The number of Assembly Members supporting the bid of Sakina Oforiwaaa for the DCE position has shot up to 40, who have described her as a unifier and a development-oriented person who is fit for the position.
At a news conference, Assembly Member for the Ananso Electoral Area, Salifu David, said Madam Oforiwaaa has proven integrity, commitment, and leadership in the progress of communities within the district.
He added that her track record extends beyond party activities and support, as she has continuously supported Assembly Members in the provision of motorbikes to aid them in discharging their duties effectively.
The NDC Young Cadres in the Atwima Mponua Constituency have also waded into the appeal, calling on President John Dramani Mahama to make Sakina Oforiwaa the DCE for the area.
Communications Director for the NDC Young Cadres in the Atwima Mponua Constituency, Isaac Ampaabeng, said, “We, the members of the NDC in this Constituency, are appealing to the President to consider and name our mother, Sakina Oforiwaa, to help her bring development to the district. The development of this area will slow. We are appealing to the President to hear us out.”
Sakina Oforiwaa, a teacher by profession and a former Assembly Member for the Adobewura Electoral Area, has played two decades of political campaign roles for the NDC in the Atwima Mponua Constituency and in the Ashanti Region.
She has also served in various political and administrative roles, including: NDC Branch Secretary from 2000 to 2008 in the Atwima Mponua Constituency; Campaign Team Member; Assembly Member; and a Government Appointee in 2016. She also served on the Finance and Administration Sub-Committee from 2009 to 2016 and the Social Services Sub-Committee.
She has also held other key political roles such as TEIN President for the Wesley College of Education (WESCO) between 2012 and 2013, Regional Women’s Wing Communication Member of the NDC Ashanti Region from 2012 to date, Parliamentary Candidate Aspirant in 2019 in the Atwima Mponua Constituency, and Regional Communication Team Member of the NDC in the Ashanti Region from 2023 to date.
[Videos] Downpour triggers widespread flooding in Accra; residents cry for help
The Chamber of Telecommunications has announced a strategic partnership with the Attorney General’s Department aimed at securing legal authority through a fiat to prosecute individuals and construction companies responsible for damaging fibre optic cables belonging to telecom operators.
Raising alarm over the rising incidence of cable cuts, the Chamber emphasized the heavy financial burden these damages impose on telecom providers, as well as the significant disruption they cause to services for consumers.
The Chamber revealed that over 5,600 cases of fibre cuts were recorded in 2024 alone, resulting in estimated losses of GH¢138 million to the telecommunications sector. On average, each fibre cut costs approximately US$23,000 to repair. Beyond the financial toll, these incidents also tarnish reputations and require extensive restoration efforts.
Chief Executive Officer of the Chamber, Ing. Dr. Kenneth Ashigbey detailed the various causes of damage, including activities by road and drain contractors, private developers, and cable thieves.
“There are those in road construction, drain construction, and private developments who inadvertently damage cables. Then, there are cases where individuals attempt to steal what they believe is copper, only to find out it’s fibre—essentially glass. By then, the damage is already done,” Dr. Ashigbey explained.
He also cited other causes such as overloaded vehicles damaging aerial fibre lines and the impact of illegal mining activities in some communities.
Dr. Ashigbey noted that the Chamber is in active discussions with the Attorney General’s Department to obtain prosecutorial authority.
“We’re requesting a fiat similar to what SSNIT has that would enable us to prosecute offenders on behalf of the Attorney General. The previous Attorney General agreed to dedicate state attorneys for this purpose, who we would train to handle these cases. Following the change in government, we’ve re-engaged the current Attorney General, and we’re continuing along the same path,” he stated.
In a related development, the Ghana Chamber of Construction Industry has raised concerns about delays by some telecom companies in coordinating with construction firms, which often results in accidental damage to underground cables.
Chief Executive Officer of the Construction Chamber, Emmanuel Cherry, urged improved collaboration between telecom operators and contractors.
“As a contractor, you’re given timelines and conditions to complete a project. When you notify utility providers of potential clashes with their infrastructure, you expect timely cooperation. Unfortunately, in some cases, they fail to respond, causing unintended damage and project delays,” Cherry said.
The Chief Executive of the Accra Metropolitan Assembly (AMA), Michael Kpakpo Allotey, has commenced direct engagements with street hawkers in the Central Business District (CBD) ahead of a major decongestion exercise scheduled to begin Tuesday, May 20.
This initiative forms part of a broader strategy aimed at restoring orderliness and improving sanitation in the capital city.
Accompanied by the Municipal Chief Executive for Korle Klottey, Kpakpo Allotey, toured several key trading corridors on Saturday, including Kinbu Road, Kojo Thompson Road, Sempe Road, Kantamanto, and other identified hotspots.
“I am pleading with you to assist us in cleaning up the city and restoring order. We all want a better and more organised environment, and cooperation is vital in achieving that goal.
“Our upcoming 24-hour economy policy will create new opportunities for you to sell your goods overnight. But for now, I plead that we stay off the pavement as we carry out this important clean up,” he stated.
Accra Mayor to clear streets in massive decongestion drive May 20
Energy Analyst, Kwame Jantuah, says the recent amendment to the Petroleum Revenue Management Act (PRMA) must translate into meaningful economic transformation and ensure Ghanaians fully benefit from the country’s oil wealth.
He maintains that such legislative changes must be strategic and aligned with the country’s long-term development priorities — with a deliberate focus on channeling oil revenues into key sectors such as infrastructure, energy diversification, and industrialization.
Speaking during a stakeholder engagement hosted by the Public Interest and Accountability Committee (PIAC) on X (formerly Twitter), Kwame Jantuah questioned the implementation of such reforms
“If they are going to review the PRMA especially in terms of revenue is it going to be more on a personal level or a country level because they bring out the fine laws but when it comes to the implementation it turns to be something else,” he said.
He also raised concerns about stakeholder inclusion in the reform process: “How can CSOs or institutions like PIAC be at the table when certain decisions are being taken with regards to the PRMA? If all the offshore basins were producing can you imagine the quantum of money that will come into this country.”
His comments follow the recent passage and signing into law of the Petroleum Revenue Management (Amendment) Bill, 2025 by President John Dramani Mahama on April 2.
The amendment mandates that the entire Annual Budget Funding Amount (ABFA) be directed exclusively toward infrastructure development — a shift from previous allocations across multiple sectors, which critics say diluted the impact of oil revenue spending.
Government says the move will support its ‘Big Push’ agenda by funding transformative, high-impact legacy projects across the country.
Ghana’s Non-Traditional Exports (NTEs) reached $3.83 billion in 2024, according to the latest annual report released by the Ghana Export Promotion Authority (GEPA).
While this represents a modest 2.87% decline from the $3.94 billion recorded in 2023, the overall export landscape remains dynamic, with strong gains in value-added products.
The dip marks the first contraction in four years, primarily due to a drop in iron and steel exports—historically a major contributor—caused by rising production and logistics costs. Yet, several sectors performed strongly, cushioning the impact.
Leading the pack was cocoa paste, which overtook all other non-traditional exports to become the top earner. The product saw a 35.54% increase in export value compared to 2023. Cocoa butter and shea oil also recorded significant growth, reinforcing Ghana’s growing strength in the processed cocoa and natural skincare markets.
According to the report, processed and semi-processed goods accounted for 83.4% of total NTE earnings—highlighting the country’s shift from raw material exports toward value-added manufacturing.
Despite the year-on-year dip, the diversity of Ghana’s export portfolio remains notable. In 2024, a total of 609 different non-traditional products were exported to 152 countries, involving 1,543 companies. However, the report revealed that just 86 firms accounted for approximately 80% of total export revenues—underscoring the dominance of a few high-performing enterprises.
GEPA attributes the sector’s resilience to ongoing government and industry initiatives, including infrastructure investments, exporter training, and market promotion. Programs like the National Export Development Strategy (NEDS) and Ghana Trade Houses abroad are expected to strengthen performance in 2025 and beyond.
“Ghana is making steady progress in diversifying its exports and adding value to raw materials,” GEPA CEO Francis Kojo Kwarteng Arthur noted. “The rise of cocoa paste as our top non-traditional export is a clear sign that our industrialization efforts are beginning to pay off.”
Looking ahead, GEPA aims to boost trade under regional frameworks such as the African Continental Free Trade Area (AfCFTA) and deepen relationships with key markets in Africa, Europe, and North America. The Authority has also pledged to improve market access for SMEs and support more locally made products to enter the global market.
The Food and Drugs Authority (FDA) has warned against two alcoholic beverages—Kings Orange Flavoured Liqueur and Jupiter 1990—after laboratory tests confirmed the presence of marijuana extracts in both products.
In a statement released on Sunday, May 18, the Authority disclosed that the drinks are not registered and are deemed unsafe for public consumption. Investigations have traced their production to FAMUDE Catering Services, an unlicensed operation based in the Ashanti Region.
Following the discovery, the FDA took decisive action to shut down the facility, FAMUDE’s license was revoked, and the matter was referred to the Suntresu District Police for further investigation.
The FDA emphasised its continued collaboration with the Ghana Police Service’s Drug Law Enforcement Unit (DLEU) and the Narcotics Control Commission (NACOC) to monitor and contain the situation.
In April, despite enforcement efforts, the FDA received intelligence that Kings Orange Flavoured Liqueur was still being sold in Koforidua. This led to the uncovering of a new, unlicensed production site linked to the same illicit operation.
The FDA is urging the public to avoid consuming the identified products and to report any suspected distribution points to authorities.
No casualties recorded in Sunday’s downpour – NADMO
Since its arrival in Ghana in 2015, Karpowership has played a pivotal role in transforming the country’s energy sector. By deploying one of its advanced floating power plants, known as a Powership, the company has helped stabilize Ghana’s electricity supply and delivered significant economic benefits cementing its position as a key partner in the nation’s power sector.
In August 2019, Karpowership strategically relocated the 470 MW Karadeniz Powership Osman Khan from Tema to the Sekondi Naval Base in the Western Region. This move was aimed at harnessing Ghana’s indigenous natural gas resources by transitioning from Heavy Fuel Oil (HFO) to natural gas.
Crucially, the switch to natural gas is projected to save electricity users approximately $170.5 million annually, with total savings estimated at $1.2 billion over the remaining term of the contract—providing substantial financial relief for the country and its citizens.
Fast-Track Deployment and Operational Efficiency
Karpowership’s approach is distinguished by the rapid deployment of Powerships. Unlike traditional land-based power plants that require extensive site preparation and prolonged construction periods, these Powerships are delivered ready for power generation within a remarkably short time frame.
This swift deployment is achieved without the need for major site preparation, thereby eliminating construction risks and ensuring that electricity is fed directly into the transmission network from the onboard high-voltage substation. This plug-and-play model has been instrumental in addressing urgent power shortages, providing immediate relief to the national grid.
High Efficiency and Fuel Flexibility
Engineered for high efficiency, Karpowership’s Powerships utilize advanced dual-fuel engine and gas turbine technology. This design allows for seamless operation on multiple fuel types, including natural gas (NG), liquefied natural gas (LNG), and low-sulfur heavy fuel oil (HFO).
Such flexibility ensures that the Powerships can adapt to various fuel availabilities, delivering cost-effective electricity suitable for base load, mid-merit, and peak shaving applications. The result is significant savings per kilowatt-hour for consumers and industries alike.
Integrated Plug-and-Play Solutions
Each Powership offers a comprehensive, integrated power generation solution. Equipped with onboard high-voltage substations, fuel storage facilities, accommodation for operational staff, and workshops for maintenance, these Powerships operate as self-sufficient units.
This design eliminates the need for additional land-based infrastructure, reducing the environmental footprint and expediting the delivery of power. The plug-and-play nature of the Powerships ensures direct connection to the existing grid, providing immediate and reliable electricity supply.
Reliability and Contribution to Ghana’s Energy Needs
With an installed capacity of 470 MW, Karpowership supplies approximately 12% of Ghana’s total electricity demand, significantly bolstering the national grid and ensuring a stable energy supply for both residential and industrial consumers.
Commitment to Ghana’s Energy Future
Karpowership’s innovative solutions and unwavering commitment to operational excellence have been recognized through various accolades. In 2019, Karpowership was awarded “Most Strategic Deal of the Year” at the Ghana Energy Awards, recognizing the relocation of the Powership and the transition to natural gas as a game-changing move in the power sector. In 2020, the company received the “Excellence in Power Generation” award, affirming its outstanding performance and reliability in meeting Ghana’s power needs.
Their approach has been acknowledged for its strategic impact on the energy sector, reflecting a dedication to providing sustainable and dependable energy solutions tailored to Ghana’s needs. Karpowership remains steadfast in its mission to deliver cleaner, reliable, and affordable power to the national grid.
The Tafo Pankrono Divisional Police Command has arrested a 16-year-old Form Two student of Osei Kyeretwie Senior High School (OKESS) for possessing a locally manufactured firearm without lawful authority.
The arrest followed a routine dormitory search by school authorities on Wednesday, May 14, 2025, at approximately 9:30 a.m., during which the firearm was discovered. The student was promptly taken into custody and handed over to the police for further investigation.
During police interrogation, the suspect claimed that the weapon belonged to his stepfather, Mr. Daniel Owusu Baafi, who was subsequently arrested on Thursday, May 15, 2025.
Both individuals have been granted police enquiry bail and are expected to report to authorities on Monday, May 19, 2025, for additional investigations.
Deputy Superintendent of Police Godwin Ahianyo, Head of Public Affairs for the Ashanti Regional Police Command, made this known in a statement signed and issued on Sunday, May 18.
No casualties recorded in Sunday’s downpour – NADMO
Apple is shifting most of its production of iPhones headed to the US from China to India
Just as India showed flickers of progress toward its long-held dream of becoming the world’s factory, Washington and Beijing announced a trade “reset” that could derail Delhi’s ambitions to replace China as the global manufacturing hub.
Last week, Trump’s tariffs on China dropped overnight – from 145% to 30%, vs 27% for India – as the two sides thrashed out an agreement in Switzerland.
As a result, there’s a chance manufacturing investment that was moving from China to India could either “stall” or “head back”, feels Ajay Srivastava of the Delhi-based think tank, Global Trade Research Institute (GTRI).
“India’s low-cost assembly lines may survive, but value-added growth is in danger.”
The change in sentiment stands in sharp relief to the exuberance in Delhi last month when Apple indicated that it was shifting most of its production of iPhones headed to the US from China to India.
That may well still happen, even though US President Donald Trump revealed that he had told Apple CEO Tim Cook not to build in India because it was “one of the highest tariff nations in the world”.
“India is well-positioned to be an alternative to China as a supplier of goods to the US in the immediate term,” Shilan Shah, an economist with Capital Economics, wrote in an investor note before the deal was announced. He pointed out that 40% of India’s exports to the US were “similar to those exported by China”.
There were early signs that Indian exporters were already stepping in to fill the gap left by Chinese producers. New export orders surged to a 14-year high, according to a recent survey of Indian manufacturers.
Nomura, a Japanese broking house, also pointed to growing “anecdotal evidence” of India emerging as a winner from “trade diversion and supply-chain shift in low and mid-tech manufacturing” particularly in sectors like electronics, textiles and toys.
The US and China agreed to lower import taxes on goods being traded between the two countries
Some analysts do believe that despite the so-called trade “reset” between Beijing and Washington, a larger strategic decoupling between China and the US will continue to benefit India in the long run.
For one, there’s greater willingness by Narendra Modi’s government to open its doors to foreign companies after years of protectionist policies, which could provide tailwind.
India and the US are also negotiating a trade deal that could put Asia’s third-largest economy in a sweet spot to benefit from the so-called “China exodus” – as global firms shift operations to diversify supply chains.
India has just signed a trade pact with the UK, sharply cutting duties in protected sectors like whiskey and automobiles. It offers a glimpse of the concessions Delhi might offer Trump in the ongoing India-US trade talks.
But all of this optimism needs to be tempered for more reasons than one.
Apart from the fact that China is now back in the running, companies are also “not entirely writing off other Asian competitors, with countries like Vietnam still on their radars”, economists Sonal Verma and Aurodeep Nandi from Nomura said in a note earlier this month.
“Hence, for India to capitalise on this opportunity, it needs to complement any tariff arbitrage with serious ease-of-doing-business reforms.”
A tough business climate has long frustrated foreign investors and stalled India’s manufacturing growth, with its share of Gross Domestic Product (GDP) stuck at around 15% for two decades.
The Modi government’s efforts, such as the Production Linked Incentive (PLI) scheme, have delivered only limited success in boosting this figure.
The government’s think tank, Niti Aayog, has acknowledged India’s “limited success” in attracting investment shifting from China. It noted that factors like cheaper labour, simpler tax laws, lower tariffs, and proactive Free Trade Agreements helped countries like Vietnam, Thailand, Cambodia, and Malaysia expand exports – while India lagged behind.
India’s attempts to expand manufacturing has seen limited success.
Another major concern, says Nomura, is India’s ongoing reliance on China for raw materials and components used in electronics like iPhones, limiting Delhi’s ability to fully capitalise on supply chain shifts.
“India’s earnings from making iPhones will only rise if more of the phone is made locally,” Mr Srivastava told the BBC.
According to him, right now Apple earns over $450 per iPhone sold in the US while India keeps less than $25 – even though the full $1,000 is counted as an Indian export.
“Just assembling more iPhones in India won’t help much unless Apple and its suppliers also start making components and doing high-value work here. Without that, India’s share stays small, and the export numbers go up only on paper -possibly triggering more scrutiny from the US without real economic gain for India,” Mr Srivastava said.
The jobs created by such assembly lines aren’t very high quality either, says GTRI.
Quite unlike companies like Nokia which set up a factory in the southern city of Chennai in 2007 where suppliers moved in together, “today’s smartphone makers mostly import parts and push for lower tariffs instead of building supply chains in India”, explained Mr Srivastava. He noted that, in certain instances, the investment made could be lower than the subsidies received under India’s PLI scheme.
Finally there are concerns that Chinese exporters could try to use India to reroute products to the US.
India doesn’t seem averse to this idea despite the pitfalls. The country’s top economic adviser said last year that the country should attract more Chinese businesses to set-up export oriented factories and boost its manufacturing industry – a tacit admission that its own industrial policy hadn’t delivered.
But experts caution, this could further curtail India’s ability to build local know-how and grow its own industrial base.
All of this shows that beyond the headline-grabbing announcements by the likes of Apple, India is still a long way from realising its factory ambitions.
“Slash production costs, fix logistics, and build regulatory certainty,” Mr Srivastava urged policymakers in a social media post.
“Let’s be clear. This US-China reset is damage control, not a long-term solution. India must play the long game, or risk getting sidelined.”
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.
The Internal Audit Agency has begun training internal auditors after unveiling the revised Risk- Based Internal Audit manual in March to promote fiscal discipline and improve public fund management.
The manual, aligned with 2024 Global Internal Audit Standards, ISO 31000:2018, and the COSO 2013 Framework, was updated to reflect global best practices for enhanced development outcomes.
At the start of a four-day virtual sensitisation workshop for Internal Auditors of Covered Entities, Mr. Senanu K. Mensah, Acting Director, Technical, Research, Monitoring and Evaluation (TRME) at the IAA, urged auditors to develop a three- year strategic plan if their organisations lacked one.
“In the absence of a strategic plan, don’t wait until 5 years,” he said.
He noted that the revised manual required auditors to ensure their recommendations are backed by appropriate working papers and aligned with strategic plans.
The IAA has adopted the International Professional Practices Framework (IPPF), which contains the Global Internal Audit Standards (GIAS), to align public sector internal auditing with international norms.
The manual offers a structured approach for assessing, mitigating, and reporting risks in public institutions to ensure effective and purposeful resource use.
Key updates in the manual include the renaming of the Internal Audit Unit to the Internal Audit Function, and of Computer Assisted Tools and Techniques (CATT) to Computer Assisted Audit Techniques (CAAT).
Economist Prof Godfred Bokpin is concerned that the recent strengthening of the cedi, if not managed with a clear strategy and communication, risks damaging the country’s already fragile local production capacity.
Speaking on Newsfile on Saturday, May 17, he cautioned that the government’s approach to driving down the exchange rate could backfire.
“If the consideration is that we can drive down inflation to the end-of-year target, and we can’t get that done from the supply end because the economy’s supply capacity is severely constrained, then I will not go with the strengthening of the currency in the manner they are doing it.”
According to him, the appreciation of the cedi appears to be policy-induced rather than accidental.
“It’s not a blip. And again, there are concerns about sustainability. There is a reason for what is happening,” he said.
He explained that fiscal consolidation and monetary tightening were central to the current trend.
“From the fiscal side, you can see discipline. Government is not spending. Import is very low. That means the economy’s cash absorption capacity is restricted, and demand is subdued.”
Prof. Bokpin also credited improved coordination between the Ministry of Finance and the Bank of Ghana.
“I want to commend the Minister of Finance and the Governor of Bank of Ghana. There’s coordination going on towards a common goal.”
But he was clear about the downside of the policy.
“When you drag down the exchange rate, it only makes imports cheaper. To the extent that we are promoting an import-oriented economy, I would say go for that. But that strategy does not create jobs.”
He pointed to data trends that show how local producers are already suffering. “
From November 2023, inflation on locally produced items is higher than imported inflation. That means you are better off importing, paying all the duties at the port, rather than producing here.”
Prof. Bokpin believes the central bank is using the cedi as a tool to fight inflation, but warned that such demand-side solutions are insufficient without boosting production.
“Inflation is basically aggregate demand exceeding aggregate supply. If supply is constrained and you only focus on exchange rate-driven disinflation, it’s not sustainable.”
He criticised the lack of clarity around the Bank of Ghana’s strategy.
“I believe the central bank has at the back of their mind a certain exchange rate level that they want to hit and stabilise at, but that hasn’t been communicated. It leaves the market guessing. And that causes uncertainty.”
He warned that past cycles show the danger of short-term gains.
“Anytime the cedi strengthens, the issue is always about sustainability. The ups and downs are not good for the market. It’s not good for planning.”
Instead, he urged a long-term view. “We should rather build our reserves. That allows predictability and stability. That will be more helpful.”
He acknowledged that the Bank of Ghana is staying within acceptable margins under the IMF-supported program.
“We had gone beyond the floor level set under the program even before the election. So there’s some kind of margin to still intervene in the market.”
But he insisted, “What the market is looking for is stability. Stability that allows businesses to plan, investors to make decisions, and producers to expand.”
Prof. Bokpin argued that the way forward is not just controlling inflation through exchange rate manipulation but investing in productive capacity.
“What you need is supply-oriented policies. Supply-oriented policies will not coexist with what we are doing right now.”
He concluded with a warning. “If we continue this way, we’ll strengthen the cedi, make imports cheaper, and kill our local industry. We’ll lose jobs and undermine long-term economic resilience.”
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Maame Sarfoah Appiah, a two-time parliamentary candidate for the National Democratic Congress (NDC) in the Asante-Akim South Constituency, has been confirmed as the Municipal Chief Executive (MCE).
Her confirmation, with 59 out of 66 Assembly Members voting in her favour, representing 89 percent, marked a historic milestone, as she became the first female MCE of the municipality since 1988w hen Ghana began the decentralisation concept.
This landmark achievement drew significant support, particularly from women who gathered in large numbers at the Municipal Assembly to witness and celebrate her confirmation.
The announcement by the Municipal Director of the Electoral Commission, Mrs. Franca Dei Yeboah, was met with spontaneous jubilation.
Addressing the Assembly following her confirmation, Maame Sarfoah Appiah expressed deep gratitude for the confidence reposed in her by the President and the Assembly Members.
She said she was humbled by the opportunity to serve and extended her heartfelt appreciation to all who made it possible.
“I come into office with a clear conscience, bearing no grudges, and I promise an inclusive administration that is open to accept inputs from all quarters,” she noted.
She emphasised the importance of unity and collaboration in driving the development agenda of the Municipality and called on all stakeholders to work together in the interest of the people.
“I know the expectations towards meeting the needs of our people are very high and I am very confident that with the support of the Central Government, my Member of Parliament and heads of departments we shall succeed,” she stated.
The MCE pledged to provide progressive and inclusive leadership, committed to transparency, dialogue, and results- oriented governance for the benefit of all residents of Asante-Akim South.
Economist Professor Godfred Alufar Bokpin has dismissed suggestions that the recent strengthening of the cedi is a mere blip.
He, however, warns that without deeper structural reforms and a clear stabilisation policy, the gains may not last.
“This is not accidental,” he said. “From the 2025 budget, you can clearly see that the government intended to stabilise an overheated economy.”
He credited recent improvements to what he called “shock therapy”—fiscal discipline and tight monetary policy working in tandem.
“There’s coordination going on between the Finance Ministry and the Bank of Ghana. You can see it. The Minister of Finance and the Governor deserve commendation for that,” Bokpin said.
He cited expenditure-based fiscal consolidation as a core reason for the rally, noting that “once government is not spending, there isn’t a considerable injection of liquidity into the economy.”
He added that even nominal increases in the 2025 budget were far below Ghana’s inflation rate and that “across ministries, departments, and agencies, the spending is low—and that’s verifiable.”
From the monetary side, he pointed to a tightening stance. “The MPC increased the policy rate by 100 basis points. There’s also enhanced sterilisation, mopping up excess liquidity,” he said.
But despite the technical wins, he sounded a strong caution. “There are concerns about sustainability. Yes, this rally is real, but can it hold?”
He explained that part of the recent gains stemmed from “favourable timing” as the country benefited from improved FX flows—gold, cocoa, and remittances—at a time of weak import demand.
“The economy’s cash absorption capacity is restricted, and demand is subdued. That gives the central bank the upper hand to intervene with even modest injections.”
Still, Prof Bokpin warned of the risks in relying too much on exchange rate management to fight inflation.
“I suspect the central bank is using the exchange rate to bring inflation down. But what’s the real problem? Since November 2023, inflation on locally produced goods has been higher than imported inflation. Dragging the exchange rate down just makes imports cheaper. It doesn’t fix the structural issues.”
He added, “That strategy does not create jobs. It may bring inflation down, yes—but it rewards imports. And that’s not the kind of economy we want to build.”
On the issue of reserves, he supported the Bank of Ghana’s current restraint.
“I heard the First Deputy Governor say they’re not burning the reserves. I agree. Under the IMF-supported program, we had already gone beyond the floor. There’s room to intervene, but we shouldn’t waste it.”
Instead of aggressive market intervention, he called for a long-term reserves build-up.
“What we need is predictability. Let’s build our reserves so we can say, over the next 10, 15, 20 years, the cedi will be stable. That helps everyone plan better.”
He urged the central bank to clearly communicate its stabilisation targets.
“The market is left guessing. That uncertainty causes disruption. What the market needs now is stability, not drama.”
Prof Bokpin sees the current rally as policy-driven, but fragile.
“It’s not a blip. But it’s not sustainable either—not in its current form. If we want to keep the cedi strong, we must look beyond short-term fixes and deal with the supply-side constraints of this economy.”
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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.
Economist Professor Godfred Alufar Bokpin says the power distribution system, particularly the Electricity Company of Ghana (ECG), is heading toward collapse without urgent reforms and private sector participation.
Speaking on Newsfile on Saturday, May 17, Prof. Bokpin said the current model of ECG operations is unsustainable and cannot support the country’s development ambitions, including the proposed 24-hour economy.
“I’ve said it before that apart from irresponsible mining, including illegal mining, what causes me sleepless nights is the energy sector,” he said.
“Given the two main political parties that have had an opportunity to manage that sector, we can no longer do politics with it.”
Prof. Bokpin pointed to the performance of both the NDC and NPP governments, noting that both have confronted similar challenges in the sector.
“They are all saying the same thing — that there are fundamental issues that need to be resolved. That gives me comfort, because we are at a stage where politicisation doesn’t help.”
He revealed that distribution losses on ECG’s books are dangerously high.
“It’s about some 40%, which is very high. Even if you are doing 15%, it is very high. With that level of losses, you cannot talk about realistic pricing. You cannot pass on all those losses to the ultimate consumer.”
Collection losses, he noted, are another major concern.
“We are looking at close to 15% again. That’s above the world average, and it’s not sustainable.”
Beyond technical and commercial losses, he also raised concerns about unpaid bills by government institutions.
“There are ministries, departments and agencies. You heard the minister saying it’s about time they take responsibility for their energy consumption,” he said.
“Somebody once reminded me, have I noticed where ice blocks come from in this country for pure water sellers? Somebody said, probably from police stations. I’m not saying it’s true. But all these sensitive installations that are not paying for electricity — there is no way we can see a future in this direction.”
He questioned the feasibility of government’s 24-hour economy vision when the current 8-hour economic cycle is already strained by power supply issues.
“Here you have a government talking about a 24-hour economy. You are not even getting power for your 8-hour economy.”
Prof. Bokpin strongly advocated for private sector participation in power distribution and collection, but not necessarily the sale of ECG.
“Government can still be the sole shareholder of ECG, but we should be able to invite the private sector in the distribution of power and collection. This will require them to bring in capital and efficiency.”
He acknowledged there are internal issues within ECG, including poor procurement practices and political interference.
“If you put all these things together and look at internal issues with ECG, procurement, management, interference, I think we are at the point where we should all support government in some kind of private sector participation.”
He linked the urgency of reform to Ghana’s current IMF-supported program, under which the government has clear structural benchmarks.
“I believe there are structural reforms under the IMF-supported program with respect to how ECG ought to be managed. There are clear indicators that government has to meet.”
Prof. Bokpin said a cabinet decision is pending on the matter and urged transparent communication.
“I know cabinet has to take a decision on ECG in terms of private sector participation. Government must communicate this clearly to Ghanaians.”
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The spokesperson for the European Union’s Foreign Affairs and Security Policy reiterated on Friday that “neither the EU nor any of its Member States recognise the so-called ‘SADR’.”
The statement was made in response to a question regarding the upcoming European Union–African Union ministerial meeting, set to take place next Wednesday in Brussels.
The spokesperson noted that the EU-AU ministerial meetings are co-chaired and jointly organised by both Unions.
Any potential presence of the so-called “SADR” at the meeting, the spokesperson emphasised, would be attributed to the African Union’s arrangements, not the EU’s invitation.
He stressed that the EU’s position remains unchanged: “Neither the EU nor any of its Member States recognise the so-called ‘SADR’,”
The spokesperson added that the entity’s possible attendance at the meeting “has no bearing on this position.”
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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.
![Afetsi Awoonor [L] and Otumfuo Osei Tutu II](https://cdn.ghanaweb.com/imagelib/pics/201/20135398.295.jpg "Afetsi Awoonor [L] and Otumfuo Osei Tutu II")
Afetsi Awoonor [L] and Otumfuo Osei Tutu II
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