Press Secretary at the Office of the Vice President and Chief Executive Officer of the Obaasima Foundation, Ama Pratt, has called for collective action to tackle social challenges facing young women in Zongo communities.

Speaking at the Obaasima Zongo Girls Summit on Tuesday, June 3, Pratt highlighted issues such as teenage pregnancy and early marriage, which tend to hinder young women from achieving their goals.

She urged young women to break through these barriers and pursue their dreams, stressing the need for strong community support to drive meaningful change.

“This conversation is for that Zongo perspective, to ensure that whatever barriers there are that I’m constantly hearing about, the women who have lived through these barriers and have excelled will come and share their experience and share their knowledge with the younger Zongo girl so that all of us can achieve together.

“So my prayer is that, at the end of the dialogue, if the ladies have some questions on their minds and hearts for a long time, these women can help and assist them. So for me, it’s about what you can do with your circumstances, regardless of what those circumstances might be,” she advised.

The Deputy Women’s Organiser for the National Democratic Congress (NDC), Dzifa Tegah, speaking on the theme, “Reimagining the future of today’s woman”, called for a shift away from discussions surrounding affirmative action law, toward campaigning for new initiatives that benefit women.

“Thirty years ago, sending your girl child to school was a priority because females were home, and the men were being taken to school. Today, it has reduced significantly, so we can’t go with the same campaign again. We have to aspire for higher things, better things.

“Affirmative action, how many years was it in Parliament? Today, it’s no longer our problem. It is time to reimagine the future for today’s women. That means that the campaign has indeed worked. That is why it is important that, yet again, we have to sit down and put together something to think about today. An agenda to push again”, she added.

…..

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With the rainy season already underway and the memory of the June 3rd, 2015, flood and fire disaster still vivid in the minds of Ghanaians, community advocate and tech professional Nii Ashitei Ashietey has led a dredging operation along key sections of the Klottey River in the Klottey Korle constituency—an area repeatedly affected by seasonal flooding.

Mobilising limited resources, Nii Ashitei secured a dredger that operated for several days to desilt and clear critical sections of the river.

The effort removed tons of silt, debris, and waste that had long choked the waterway and contributed to devastating floods.

This community-led initiative comes against the backdrop of one of Ghana’s most painful national memories—the June 3rd, 2015, flood and fire disaster, which claimed over 150 lives and destroyed properties across Accra.

The event remains one of the worst disasters in Ghana’s history, a stark reminder of the consequences of inadequate drainage infrastructure and poor urban planning.

Nearly a decade later, flooding continues to pose a serious threat to Ghana’s development, economy, and national security.

The Klottey Korle constituency was among the hardest-hit areas during the 2015 disaster, and residents still experience recurring floods every rainy season.

“It has been 10 years since the June 3rd tragedy, yet we are still grappling with the same problem,” Nii Ashitei stated. “The Klottey River continues to pose a significant risk to lives and livelihoods. We cannot allow this cycle to persist.”

Nii Ashitei extended his heartfelt commiserations to the families who lost loved ones in the June 3rd tragedy, recognising the deep pain and loss that still linger in the hearts of many Ghanaians.

While acknowledging the government’s recent flood prevention efforts, he emphasised the need for a transformative and sustained approach.

He called for major investment in reengineering Accra’s drainage systems and key waterways, especially at discharge points where rivers like the Klottey meet the sea, to ensure long-term flood resilience.

“The loss of life and property from these floods is a national tragedy, and we cannot afford to wait for the next disaster before acting decisively,” he said. “This is not just an environmental issue; it’s a national security concern, an economic challenge, and a human crisis.”

Nii Ashitei is urging the Ministry of Works and Housing, the Klottey Korle Municipal Assembly, and all relevant agencies to prioritise regular dredging, maintenance of major waterways, and the implementation of long-term flood control infrastructure, supported by robust public education efforts.

Residents have praised the initiative, describing it as a source of hope and relief in a constituency that has long felt neglected.

Still, they insist that lasting solutions will require more than community action; they demand consistent government leadership and sustained investment.

The Klottey River initiative supports Ghana’s national climate resilience strategy and aligns with President John Mahama’s vision for building sustainable, climate-smart urban communities.

However, Nii Ashitei cautions that without sustained government commitment, the cycle of annual flooding will continue to erode progress.

Beyond his flood advocacy, Nii Ashitei is establishing a free ICT and Data Analytics Lab in Osu to equip local youth with digital skills. He notes that environmental resilience is key to sustainable development.

“We are building the future through education and technology, but our people must first have safe and secure environments to thrive,” he stated. “Addressing the Klottey River flooding is not just an environmental issue—it’s an economic and social imperative.”

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.

Anthony Kwasi Sarpong is the Commissioner-General of GRA

Over 3,000 taxpayers have been roped into the tax net following the rollout of the Electronic Value Added Tax (E-VAT) system by the Ghana Revenue Authority (GRA).

According to the Commissioner-General of GRA, Anthony Kwasi Sarpong, his office engaged over 5,000 taxpayers across the country in 2024, with many businesses prepared to be onboarded onto the system.

In an interview with Daily Graphic, Sarpong stated that the E-VAT system will promote full accountability and transparency in revenue collection.

However, he noted that the GRA and the Minister of Finance are conducting a comprehensive review of the system’s structure, which will subsequently require parliamentary approval before full implementation.

“The electronic VAT exercise is ongoing, but as you may be aware, we are conducting a comprehensive review of the entire structure. The Minister of Finance is seriously considering it, and we hope to finalize the work soon to seek parliamentary approval.

“I can assure you that the process is becoming more enhanced, with modern technology playing a key role to ensure full accountability at the end of the day,” he added.

Despite the progress made, the Commissioner-General acknowledged that the system is fraught with some challenges.

The E-VAT system is part of the mandated provisions in the Revenue Administration Act, 2016 (Act 915), which empowers the Commissioner-General to ensure an equitable and fair tax administration system.

Its implementation is expected to formalise a large portion of informal taxpayers and boost domestic tax revenue.

SA/AE

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Dr Adu Anane Antwi, Board Chairman of Securities and Exchange Commission

With less than two months to the second coupon payment in 2025 for the Eurobond holders, Board Chairman-Securities and Exchange Commission (SEC), Dr Adu Anane Antwi, has urged government not to renege on its promise.

He said it is imperative that government be consistent in coupon payments to restore confidence in the bond market and make its re-entry into the capital markets smooth, adding that the path back to capital markets hinges on consistent servicing of the debt owed Eurobond investors.

Following the Domestic Debt Exchange Programme (DDEP) in 2022 that eroded public confidence in government bonds, Dr Antwi believes when government consistently honouring its debt obligations will restore confidence in the economy.

Speaking at the National Youth Investment and Financial Literacy Programmes launch organised by the Young Investors Network (YIN), Dr Antwi stressed that:

“Now government has promised to pay every six months after the issuance of new bonds, it has to continuously do that to build back confidence so people will be willing to buy the bonds.”

Government honoured its first coupon payment of US$346million to Eurobond holders in January 2025 after successfully restructuring US$13billion in Eurobond debt, which saw participation by 98 percent of investors.

The next coupon payment is set to take placein July 2025.

He said government cannot rely on Treasury bills for long-term development projects.

“We take somebody’s money, and in three months time you are returning that money to the person. What can you do within the three months?” he quizzed, underscoring the urgent need for government to go back into the capital markets and obtain long-term capital for development.

While presenting on investment opportunities for the youth and investment decision-making, Dr Antwi advised youth to consider investing in instruments with lower risks like government Treasury bills to secure their future.

“Every investment will have some element of risk. But, relatively, government’s short-term Treasury bill has the lowest risk. So if a young man 20 years of age puts in GH¢5,000 now into Treasury bills and rolls it over until retirement, he will become a millionaire,” he noted.

But is it that easy to make an investment decision?

The seasoned lecturer and chartered accountant said: “It should be easy once you decide that you want to build up something for your future”.

“We first have to save before we invest. Savings is just putting something down. But when you invest it, then you are growing your savings,” he noted.

He however noted that: “Unfortunately people are not saving. If you call people who are working, you won’t get even 5 percent of them who are actually saving”.

He bemoaned that when they save they don’t invest their savings, stressing: “When you invest, you can beat inflation and still retain the value of your investment or some of the value.

“I have taken 60 percent return on my investment before,” he shared.

As we know, in banking the higher the risk, the higher the interest and vice versa.

He however cautioned the youth against too risky-ventures disguised with unbelievably high returns.

The Young Investors Network (YIN) is an organisation that promotes investment and sensitises the youth to improve their financial literacy and guide them to make sound investment decisions. It organises competitions, quizzes, investment and financial literacy seminars and events across the country.

Today, 3 June, marks ten years since Ghana experienced one of its deadliest disasters—a twin tragedy of fire and flood that claimed over 150 lives at the Kwame Nkrumah Circle in Accra.

The catastrophe unfolded after hours of torrential rainfall caused severe flooding in the capital. Amid the chaos, fuel leakage from the GOIL fuel station ignited—reportedly by a cigarette stub—triggering a massive explosion that compounded the devastation.

A decade later, survivors gathered on Joy FM’s Super Morning Show to relive the haunting memories of that night—stories of terror, trauma, survival, and enduring pain.
“He was my angel, my hero”

Kafui Adzah, one of the survivors, struggled to hold back tears as she recalled the harrowing events. “I never close early, but that day, I did. I picked up my daughter, and we walked home under a strange sky. I called my friend Larry and said, ‘It looks funny, but I’m okay.’ I thought home was safe.”

But safety was fleeting. Floodwaters soon invaded her home, trapping her and her daughter. Panic set in. “I kept telling Larry, ‘It’s fine, it’s fine’—until it wasn’t. I had to cry out for help. I even posted on Facebook, but no one saw.”

Her friend, Larry Dogbe, braved the deadly waters to rescue her. “If saving you and your daughter is the last thing I do, I will do it,” he told her before swimming through treacherous floodwaters to pull them to safety.

“He was my angel, my hero. Without him, I wouldn’t be alive,” Kafui said.

“The sky turned orange”

Akosua Ogyiri, who was at work at Charterhouse when the rain began, shared her ordeal. “We thought the rain would pass, so we waited. Then water rushed into the reception, swallowing everything. The lights went out, and darkness took over.”

Outside, the inferno lit up the night sky. “We could smell fuel in the water. Emergency lines were dead. We didn’t know if we’d live through the night.”

She and her colleagues were eventually rescued by a team led by a military colleague. Though grateful, the psychological scars remain. “We were lucky, but the terror stays with us every day,” she said.

A Call to Action

Akosua lamented the cycle of apathy that often follows national tragedies. “I believe that too often, our motivation to do the right thing comes only from the pain of a disaster. People died, properties were lost, and only then were we ignited to act. But once the disaster subsides, everyone goes back to what they used to do, which is not fixing the problem.”

She stressed that change must be rooted in duty, not disaster.

“Whether you are a citizen or not, you must do your part—keep drains clear, don’t dump refuse anywhere, and don’t block gutters. Just do it.”

She added, “I was expecting that after June 3, there would be clear policies—actions everyone could point to and say, ‘Because of what happened, we now do this to protect lives.’”

Reflecting on her own narrow escape, Akosua said, “Speaking now, ten years later, I realise how close I was to becoming another victim. If I had left earlier that night, I could have been swept away in the floodwaters. Only God knows what might have happened.”

The Way Forward

The testimonies of Kafui and Akosua serve as a poignant reminder that civic responsibility cannot be seasonal. The June 3 disaster was more than a national tragedy—it was a call to action. A decade on, the question remains: have we truly learned from it?

As Akosua concluded, “What we must take from this is that the true ignition to do the right thing must come from a deep sense of responsibility and duty—not just from disaster, but from the commitment to prevent it.”

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.

L-R: Kwame Danquah, DCOP Lydia Donkor, Randy Abbey and Peter Amewu are competing for best club CEO

The Ghana Football Association (GFA) has unveiled the nominees for the 2025 football awards to reward the best-performing individuals and teams in their respective fields.

The much-coveted ‘Ghana Footballer of the Year’ awards will be competed for by Inaki Williams of Athletic Bilbao, Antoine Semenyo of Bournemouth, and Arsenal midfielder Thomas Partey.

Razak Simpson, James Kwasi Appiah, Dr Randy Abbey, Mercy Tagoe, DCOP Lydia Donkor, and other esteemed personalities have been nominated in various categories for awards.

See the full list of nominees below:

Ghana Footballer of the Year:

Antoine Semenyo

Inaki Williams

Thomas Partey

Women’s Footballer of the Year:

Mercy Berko

Alice Kusi

Mary Amponsah

Doris Boaduwaa

Best African Footballer of the Year:

Mohammed Salah

Achraf Hakimi

Serhou Guirassy

Women’s Team Coach of the Year:

Abu Kassim (Police Ladies)

Joyce Boaitey Agyei (Black Damsels)

Mercy Tagoe (Oaks FC)

Men’s Coach of the Year:

James Kwasi Appiah (Sudan national team)

Kassim Mingle(Nations FC)

Fiifi Parker Hanson (Golden Kicks)

Stephen Frimpong Manso (Bibiani Gold Stars)

Most Vibrant Club of the Year Nominees:

Medeama SC

Nations FC

Heart of Lions

Odartey Lamptey Future Star Award:

Jerry Afriyie (CD Lugo)

Christiana Ashiaku (Black Maidens)

Edmund Baidoo (Red Bull Salzburg)

Home-Based Female Footballer of the Year:

Mercy Berko (Police Ladies)

Stella Nyamekye (Dreamz Ladies)

Mary Amponsah (Ampem Darkoa)

Annable Bansah (Faith Ladies)

Home-based Footballer of the Year:

Razak Simpson

Faisal Charwetey

Samuel Atta Kumi

Stephen Amankona

Rudolf Jnr Nana Kwesi

Best Ghanaian Club CEO:

Kwame T. Danquah (Nations FC)

DCOP Lydia Donkor (Police Ladies)

Randy Abbey (Heart of Lions)

John Peter Amewu (Hohoe United)

Female Team of the Year

Police Ladies

Black Damsels

Black Maidens

Oak FC

Watch as Techiman Eleven Wonders crowned 2025 Division One League Champions

SB/EB

In June last year, Concerned Cocoa Farmers staged a demonstration against the destruction of their farmlands and the environment due to illegal mining activities.

They also presented a petition to the Member of Parliament for the Ellembelle constituency, Emmanuel Armah-Kofi Buah.

Read the full story originally published on June 3, 2024.

A group known as Concerned Cocoa Farmers (CCF), formed in the Ellembelle District of the Western Region on Saturday, June 1, poured out in their numbers to hit the streets in protest against the wanton destruction of the environment through illegal mining activities (galamsey) in the Ellembelle District.

They stormed one of the illegal mining sites at Sendu in the district to express their displeasure and condemnation of the conduct of the illegal miners.

They claimed that the destruction being caused to their cocoa farms and water bodies through these nefarious activities cannot be quantified.

Benjamin Azachie, leader of Concerned Cocoa Farmers, presented their petition to the Member of Parliament for Ellembelle constituency, Emmanuel Armah-Kofi Buah.

He urged the lawmaker to use his good office and the august House of Parliament to help stop the forceful takeover of cocoa farms by illegal miners (galamsey operators) in the area.

He said the illegal mining activities continue to destroy their investments and clean water bodies in the affected areas of the District.

Speaking in an interview with journalists, one of the affected residents, Grace Amihere, expressed her dismay at the level of pollution being displayed in the area.

“I’m demonstrating because of the pollution of our water bodies and destruction of cocoa farms. How are we going to feed our children with the destruction of our farms? The operators suddenly came without prior notice to us,” she lamented.

“They tried to pay off my brother to mine in his cocoa farm, but because he refused to accept their money, they have destroyed half of the farm. Why are they doing this to us? This is what worries us. President Akufo-Addo must address this concern. Right now, farmers are not getting water to drink,” she added.

Another affected resident, Ama Amihere, also claimed, “They have destroyed rubber farms and also cheated the farmers after forcefully taking their farms. So, we are pleading with the government that what is happening is not lawful.”

The once-clean River Fia has been polluted after the invasion of “galamsey” activities in the Nyamebekyere-Sendu area of the Ellembelle District.

The Assembly Member of Nyamebekyere Electoral Area, Nicholas Kofi Mawuli, who is deeply worried about the negative development, expressed concerns about the use of Chinese in the front line.

“They are fronting in engaging in the illegalities in this area,” he said.

After over an hour of demonstrating at the Sendu galamsey site, the demonstrators (Concerned Cocoa Farmers) presented their petition to the MP for Ellembelle, Emmanuel Armah-Kofi Buah.

Armah-Kofi Buah assured the cocoa farmers of his commitment to forward the concerns raised in their petition to the Parliament of Ghana for redress.

He, however, urged the affected residents not to keep quiet but to endeavor to speak loudly against illegal mining activities in the area.

He said the war against the illegal mining activities in the area remains a collective responsibility and all hands must be on deck to stem the tide.

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GSE opens week lower as MTN Ghana drags index down

The Ghana Stock Exchange began the new trading week on a rough note with the benchmark GSE Composite Index (GSE-CI) falling by 112.65 points to close at 6,037.66 points.

This represents a 1.83% daily decline, pegging the index’s year-to-date return at 23.51%.

Market capitalisation also dipped by GH¢1.73 million to settle at GH¢134.82 billion, underscoring weak investor sentiments despite marginally higher trading activity.

The Financial Stock Index (GSE-FSI), however obtained modest gains, adding 5.55 points to end the session at 3,222.69 points, translating into a robust 35.36% return since the start of the year.

The sell-off was largely driven by declines in heavyweight telecoms stock, with MTN Ghana losing 11 pesewas to close at GH¢2.87.

The stock dominated trading activity, accounting for 358,519 shares valued at GH¢1.03 million, nearly 70% of total market turnover.

Ecobank Transnational Incorporated (ETI) also posted a 2 pesewa loss ending the day at GH¢0.87.

Trading volumes rose marginally by 0.68% to 419,718 shares, while turnover jumped 43.24% to GH¢1.49 million, driven by institutional trades in MTNGH.

Other active counters included Enterprise Group Limited (EGL), TotalEnergies, ETI, and CAL Bank.

SP/AE

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Hajia4Reall

Socialite Mona Faiz Montrage, popularly known as Hajia4Reall, has returned to social media and the music scene with a new single titled “We Move” following her release from prison. Hajia4Reall returned to Ghana days after serving a 12-month prison sentence in the United States. She was deported to Ghana after legal troubles related to a romance scam case.

To celebrate her comeback, she released a new song and an accompanying music video on her social media platforms. The video begins with scenes of her in a prison cell, symbolising her time behind bars. The song features lyrics including the line, “If I fall, I go rise… We move onto the next. We move, we move, like we don’t really care,” highlighting her determination and journey through adversity.

Her legal troubles started in November 2022 with her arrest in the UK, followed by extradition to the U.S. in May 2023. In February 2024, she pleaded guilty to conspiring to receive stolen money linked to scams that defrauded victims of over $2 million. In June 2024, she was sentenced to 12 months and one day in prison, ordered to forfeit $216,475 and pay restitution amounting to $1,387,458.

After completing her sentence, Hajia4Reall’s legal team successfully negotiated her voluntary return to Ghana, avoiding further detention by U.S. immigration authorities.

The song title, “We Move,” is a popular Ghanaian phrase that means continuing life despite setbacks. For Hajia4Reall, it serves as a message of personal growth and a declaration that her past will not define her future.

play videoKissi Agyebeng is Ghana’s Special Prosecutor

The Office of the Special Prosecutor (OSP) has uncovered a GH¢280 million corruption scandal at the National Petroleum Authority (NPA), implicating several top officials accused of exploiting their regulatory powers for personal enrichment.

Speaking at a press briefing on June 2, 2025, the Special Prosecutor, Kissi Agyebeng revealed that investigations launched in November 2024 had exposed a network of financial malfeasance and power abuse within the NPA spanning 2022 to 2024.

According to him, senior and other officials of the NPA orchestrated and executed a corrupt scheme by capitalising on their regulatory authority to extort large sums of money from oil marketing companies (OMCs) and other stakeholders in the downstream petroleum industry.

“This was reportedly achieved through threats, intimidation, coercion, veiled suggestions, bribery, and excessive regulatory pressure all aimed at enriching the perpetrators.

“As of May 30, 2025, the OSP reports that it has traced a total of GH¢280,516,127.19 believed to be proceeds of this illicit scheme. Investigators say part of these funds was used to acquire luxury apartments and homes both in Ghana and abroad, along with 22 fuel haulage trucks”, he stated.

Kissi Agyebeng further disclosed that criminal charges will be filed before the end of June 2025 against implicated NPA officials, executives of complicit OMCs, and their directors or senior managers.

“Upon filing of charges, we will provide full details including the identities of those involved, assets acquired, and items recovered,” he added.

JKB/KA

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Mohammed Ali

Jun – 03 – 2025 , 10:02

2 minutes read

 Karpowership Ghana has reaffirmed its com­mitment to meeting Gha­na’s energy needs and scaling its impact across Africa with reliable, scalable, and innovative energy solutions to support industrialisa­tion, drive economic growth, and enhance energy security across the continent.

This was shared by Ms Mi­chelle Hazel, Project Manager at Karpowership Ghana, during a high-level panel session at the West African Mining and Power Expo (WAMPEX 2025), held on Thurs­day in Accra.

Ms Hazel joined a distinguished panel of energy sector leaders, including Mensah Adjei, Member of Parliament for Wassa East and former Deputy Minister of Roads and Highways, and Mr Sulemana Abubakar, Acting Director of Pow­er at the Ministry of Energy.

The discussion, moderated by legal practitioner and analyst, Kwame Jantuah, centred on the theme: ‘Aligning West Africa’s Energy Sector with Manufacturing Competitiveness.’

Representing Karpowership Ghana, Ms Hazel underscored the company’s significant role in Gha­na’s energy mix, currently supplying over 12 per cent of the country’s total electricity needs.

She emphasised that Karpower­ship’s ability to deliver dependable and uninterrupted power has been a key driver of Ghana’s energy stability, critical for sectors such as mining and manufacturing that require consistent energy supply to operate efficiently.

“Reliability is not just a promise; it is our track record,” Ms Hazel stated, adding that “Our perfor­mance in Ghana has not only stabilised power supply but has earned us the confidence across the subregion. What we have done successfully in Ghana has been a driving force to broadening our market to other African countries.”

Furthermore, she explained that Karpowership’s unique floating power plant model, which houses 24 independent engines, allows for rotational maintenance and dependable baseload Plant without shutting down operations—ensur­ing continuous power generation.

“Unlike the conventional land based power plants, Karpowership’s unique technology allows it to be available all year round with at least 93 per cent capacity without a complete shut down for mainte­nance. That’s a game-changer for reliability in Ghana’s power sector,” she affirmed.

Ms Hazel also emphasised that Karpowership’s commitment to operational excellence was evident across the 16 countries where the company operated, ensuring a steady and scalable electricity supply to diverse markets.

Touching on macroeconomic dynamics, she welcomed the recent appreciation of the Ghanaian cedi and improved revenue collection by the Electricity Company of Ghana (ECG) as positive develop­ments for the sector. “When ECG is able to pay invoices on time and the cedi performs strongly, it sends the right signals to investors that Ghana is a credible and stable environment for energy invest­ment,” she noted.

Beyond its technical contri­butions, Karpowership Ghana continues to deepen its social impact through various communi­ty investment initiatives.

Moreover, Ms Hazel high­lighted projects such as STEM mentorship and empowerment programmes for young girls, scholarships for brilliant but needy engineering students, reha­bilitation of school infrastructure, and the provision of learning materials.

“Our solutions are not only technical; they are also deeply hu­man,” she said. “We walk with the communities, empowering them to grow alongside us,” she added.

With a strong operational base in Ghana and a growing footprint across the continent, Karpow­ership remains committed to powering Africa’s energy future, delivering sustainable, innovative, and inclusive energy solutions that drive progress and transform lives.

Bank of Ghana’s new headquarters

The Bank of Ghana (BoG) has raised GH¢6.21 billion through the issuance of 56-day bills, as part of efforts to manage liquidity in the banking sector.

The auction, conducted on Monday, June 2, 2025, saw the Central Bank selling the short-term securities at an interest rate of 27.9%, slightly below the current Monetary Policy Rate (MPR) of 28%.

While the auction results confirmed the total amount raised and the yield, they did not disclose the value of total bids submitted by primary dealers or the Central Bank’s target for the offer.

The issuance forms part of the BoG’s Open Market Operations (OMO), a key liquidity management strategy aimed at stabilising short-term interest rates and anchoring inflation expectations.

By selling short-term securities such as BoG bills, the Central Bank seeks to absorb excess liquidity from the financial system, thereby tightening monetary conditions in line with its inflation-targeting framework.

The 56-day bills have increasingly become a preferred tool in the BoG’s liquidity operations, given their flexibility and responsiveness to evolving market conditions.

SP/MA

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The Minister for Lands and Natural Resources, Armah Kofi Buah, has commended Inspector-General of Police Christian Tetteh Yohuno and the Ghana Police Service for their significant role in the ongoing fight against illegal mining.

Speaking at the Global Mining Summit on Monday, June 2, 2025, the Minister acknowledged the contributions of the IGP, the Police Service, and other security agencies in combating illegal mining and protecting the country’s water bodies.

“The IGP’s personal effort and role have been great so far and the Police Service must be commended along with the other security agencies helping us to root out this canker,” the Minister said.

Over the past two months, the Ghana Police Service has intensified operations against illegal mining. In Samreboi and surrounding communities alone, a special Anti-Galamsey Taskforce formed by the IGP has seized over 100 excavators, as well as bulldozers, weapons, Chanfang machines, and other exhibits. Several suspects have been arrested and are currently undergoing legal processes. Similar operations have been conducted in parts of the Ashanti, Eastern, Western, Central, and Upper West Regions.

In a recent release, the Ghana Police Service reaffirmed its commitment to intensifying the fight against illegal mining, working in collaboration with other stakeholders to protect water bodies and natural resources.

June 3 Disaster: Ghana marks 10 years after deadly flood and fire incident