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We should not force Mahama to work with his predecessor’s security chiefs – Manasseh

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Renowned investigative journalist Manasseh Azure Awuni has defended President John Mahama’s decision to appoint COP Christian Tetteh Yohuno as the new Inspector-General of Police (IGP), replacing Dr. George Akuffo Dampare.

In a statement, Manasseh argued that a sitting president must have the freedom to choose security leaders he trusts.

The 2025 budget proposal and its implications for Ghana’s mineral revenue management

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The 2025 Budget Statement and Economic Policy of Ghana proposes a significant amendment to the Minerals Income Investment Fund (MIIF) Act, 2018 (Act 978). The amendment seeks to transfer 80 per cent of mineral royalties originally retained by MIIF to the Consolidated Fund for infrastructure development.

This policy shift represents a fundamental change in the purpose and operation of MIIF, which was originally established to act as a sovereign wealth fund (SWF) for Ghana’s mineral resources. The MIIF’s mandate under Act 978 was to manage and invest Ghana’s mineral royalties in ways that generate long-term financial returns for the country, ensuring economic stability even when mineral resources are depleted.

The decision to redirect all MIIF’s funds into government spending raises important concerns regarding the sustainability of Ghana’s mineral wealth, economic diversification, and long-term fiscal stability. Below is an in-depth analysis of what this shift means for MIIF’s operations, followed by a comparative assessment of how other countries—particularly Norway, Bahrain, and the Netherlands, have managed similar funds.

Implications of the Proposed MIIF Amendment

Reduced Capital for Investment and Long-Term Growth

MIIF was designed to maximise value from mineral royalties by investing in high-yield assets, such as equity in mining companies, mining infrastructure, and global investment portfolios. The proposed amendment, if passed by Parliament of Ghana, will shrink MIIF’s capital base, leaving it with nothing for any meaningful investment.

At the same time, it is important to remember that the Minerals Development Fund Act, 2016 (Act 912), already mandates that 20% of mineral royalties collected by government must be allocated to the Minerals Development Fund (MDF) to support mining communities, research, and regulatory bodies.

As a result, MIIF’s ability to acquire stakes in Ghanaian and international mining ventures, invest in small-scale miners and develop local mining infrastructure, and diversify investments into non-mineral sectors could be severely weakened. If Ghana fails to leverage its mineral wealth for long-term financial stability, it risks falling into a boom-and-bust cycle, where mineral revenues are quickly spent but provide no lasting economic benefits.

What is a Sovereign Wealth Fund?

The International Monetary Fund (IMF) defines Sovereign Wealth Fund as “Special-purpose investment funds or arrangements, owned by the general government. Created by the general government for macroeconomics purposes, SWFs hold, manage, or administer assets to achieve financial objectives, and employ a set of investment strategies which include investing in foreign financial assets.”

Simply put, a Sovereign Wealth Fund (SWF) is a state-owned investment fund that is typically established using surplus revenues, such as those derived from natural resources (e.g., oil, gas, or minerals) or foreign exchange reserves. These funds are managed with the goal of generating long-term returns to support national development, stabilize the economy, or preserve wealth for future generations. SWFs invest in a wide range of assets, including stocks, bonds, real estate, infrastructure, and private equity.

Ghana’s Risky Gamble: Why Gutting MIIF for Short-Term Spending Threatens the Nation’s Economic Future

The government’s decision to redirect 80% of MIIF funds into the Consolidated Fund essentially converts Ghana’s mineral wealth into immediate budgetary support, that prioritises immediate infrastructure needs over long-term economic stability, a risky fiscal gamble. While infrastructure investment is crucial, this approach undermines the very foundation of Ghana’s sovereign wealth strategy, stripping MIIF of its capacity to generate lasting financial returns—sacrificing long-term financial sustainability for short-term spending.

A well-managed sovereign wealth fund (SWF) ensures that natural resource wealth continues to generate income long after the resources are depleted. Global best practices from Norway’s GPFG and Bahrain’s Mumtalakat demonstrate that resource wealth, when strategically managed, can serve as a perpetual source of national prosperity—sustain economic growth even when resource revenues decline.

If Ghana’s MIIF follows the path of direct budget support, it risks losing its ability to act as a financial buffer for future economic stability. Again, if this policy is not reconsidered, Ghana risks becoming another cautionary tale of a resource-rich nation squandering its wealth instead of harnessing it for sustainable economic transformation.

Currently, Government of Ghana through MIIF owns stakes in strategic mining assets such as the Bibiani-Mansin Gold and Chirano through its mother company Asante Gold. It also owns significant shares in Electrochem, which has the capacity to produce 1.2 million metric tons of salt, making it Africa’s largest salt-producing entity. In the long-term, such strategic assets would yield dividends more than 1$ billion with current investments not exceeding $75 million for just these mining assets listed. MIIF could easily grow to become a $10 billion Sovereign Wealth Fund in the next 15 years if properly managed and that would generate sufficient funds to support government infrastructural projects over the period.

Risks to Mining Sector Growth and Investor Confidence

MIIF plays a critical role in stabilising and expanding Ghana’s mining industry, especially through strategic investments and financing of small-scale miners. With a reduced financial base, MIIF may:

  • Struggle to fund local mining expansion.
  • Lose its ability to negotiate favorable terms with multinational mining companies.
  • Deter foreign investment in Ghana’s mining sector due to concerns over financial stability.

These risks mirror historical economic missteps made by resource-rich countries, particularly the Netherlands and its experience with Dutch Disease.

Lessons from the Netherlands, Norway, and Bahrain: Avoiding Dutch Disease and Ensuring Long-Term Wealth

The Netherlands’ Experience with Dutch Disease: A Cautionary Tale

The Netherlands discovered large natural gas reserves in the North Sea in 1959, leading to an economic boom. However, the government used gas revenues primarily for public spending, failing to invest for long-term growth. This led to Dutch Disease, where:

  • The Dutch currency appreciated, making local industries less competitive.
  • Traditional industries collapsed, as the country became overly dependent on gas revenue.
  • When gas revenues declined, the economy suffered a severe downturn.

If Ghana follows this model—spending mineral royalties without reinvestment—it risks repeating the Netherlands’ mistakes.

The Norwegian Model: A Blueprint for Long-Term Stability

Norway established the Government Pension Fund Global (GPFG) in 1990, ensuring that oil revenues were invested globally instead of being spent directly.

This prudent approach:

  • Built a $1.4 trillion fund that now supports the economy even as oil production declines.
  • Invests in diversified assets (stocks, real estate, bonds) to protect against price volatility.
  • Limits government withdrawals, ensuring that only a fraction of oil revenue is spent each year.

Ghana’s MIIF was structured to operate similarly to Norway’s model, but the government’s decision to redirect 80% of royalties into immediate spending undermines this goal.

Bahrain’s Mumtalakat Fund: Strategic Investment for Economic Diversification

Bahrain established Mumtalakat, its sovereign wealth fund, in 2006 to manage state assets and ensure economic sustainability. Unlike MIIF’s proposed restructuring, Mumtalakat prioritises investment over direct government spending.

  • Instead of relying on oil revenues for budget support, Bahrain channels wealth into long-term investments.
  • Mumtalakat owns stakes in over 50 companies across various industries, ensuring that Bahrain’s economy is not overly dependent on oil.
  • The fund helps maintain investor confidence by ensuring fiscal discipline and economic stability.

If MIIF is given a longer investment horizon like Mumtalakat, it could have grown into a diversified financial powerhouse for Ghana. Instead, the government’s decision to transfer 80% of its funds weakens MIIF’s ability to replicate Bahrain’s success.

Alternative Approaches for Ghana’s MIIF

Rather than transferring 80% of MIIF’s royalties into government spending, Ghana can adopt a hybrid model that balances investment and infrastructure development.

A Balanced Revenue Allocation Model

Instead of diverting 80% of MIIF’s royalties, the government could:

  • Allocate 30% to MIIF investments for long-term growth.
  • Dedicate 30% to infrastructure projects via MIIF-backed bonds.
  • Keep 20% in a stabilisation fund to guard against commodity price fluctuations.

Resource-Backed Infrastructure Bonds

Instead of direct spending, the government could use MIIF as a platform to issue bonds backed by future mineral revenues. This approach:

  • Maintains MIIF’s capital base.
  • Attracts additional foreign investment.
  • Ensures infrastructure projects are funded without depleting mineral wealth.

Expanding MIIF’s Investment Portfolio

MIIF should diversify beyond gold and invest in critical minerals like lithium, bauxite, and rare earth metals, which are vital for electric vehicles and renewable energy.

The Right Path for Ghana’s MIIF

Ghana stands at a crossroads in its mineral revenue management strategy. The proposal to transfer 80% of MIIF’s funds to the Consolidated Fund may provide short-term fiscal relief, but at the cost of long-term financial security.

History shows that countries like the Netherlands suffered economic instability when they failed to invest their resource wealth wisely. Meanwhile, Norway and Bahrain secured their economic futures by channeling their revenues into well-managed sovereign wealth funds.

To avoid the mistakes of the past, Ghana must:

  • Preserve MIIF as a sovereign wealth fund.
  • Invest in long-term, high-yield assets.
  • Balance immediate infrastructure needs with sustainable wealth creation.

By learning from global best practices, Ghana can ensure that its mineral wealth benefits both present and future generations.

DO NOT KILL MIIF.

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Your impact on security won’t be forgotten

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President John Dramani Mahama has expressed his deep gratitude to the outgone Inspector General of Police (IGP), Dr George Akuffo Dampare, for his dedicated service to the nation.

Speaking at the swearing in ceremony of the new IGP, COP Christian Tetteh Yohuno, President Mahama highlighted the significant contributions of Dr Dampare to law enforcement and national security in Ghana.

“Let me take this opportunity to also extend my deepest gratitude to the outgoing IGP. He has served our nation with dedication and commitment, and his contribution to law enforcement and national security will not be forgotten,” President Mahama stated.

He acknowledged the unwavering commitment of Dr Dampare in ensuring the safety and security of the citizens.

The President also extended his best wishes to Dr Dampare for his future endeavors, recognising the impact of his leadership on the police service.

“We thank him for his service and we wish him well in his future endeavors,” he added.

Read also…

Root out corruption from Police Service – Mahama to Yohuno

Tension in Nanton over suspension of 34 NPP members

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Tension is mounting within the New Patriotic Party (NPP) in the Nanton Constituency following the suspension of 34 party members.

The situation escalated when the Coalition of NPP Youth Groups in the constituency locked up the party office in protest.

The group is petitioning the Regional and National leadership to revoke the suspensions, citing unfair treatment and potential harm to the party’s unity and progress.

The constituency leadership justified the suspensions by alleging misconduct during the 2024 general elections.

The affected members— including polling station executives, electoral area coordinators, and constituency executives—were accused of supporting the National Democratic Congress (NDC) parliamentary candidate, distributing items to voters on behalf of the NDC, and obstructing voters by mounting roadblocks on election day.

Ibrahim Abdul Fatawu, convener of the Coalition of NPP Youth Groups, criticised the move, arguing that the party should focus on rebuilding, uniting members, and strategizing to recapture power in 2028 rather than expelling dedicated members.

He also stressed that the suspended members were not granted a fair hearing, which he deemed unacceptable for a democratic party.

The coalition warns that if the suspensions stand, they will send a negative signal to party members and sympathizers, discouraging them from investing their time and resources in the party.

They are urging party leadership to take a more inclusive and responsible approach to foster unity and secure a stronger future for the NPP in Nanton.

Promoting sustainable cocoa production: UNDP trains Hotspot Intervention Area Executives

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By Florence Afriyie Mensah

Ejisu (Ash), March 14, GNA – Executives within the Hotspot Intervention Areas (HIAs) under the Ghana Cocoa Forest REDD+ Programme, have built their capacities to drive collaborative multi-stakeholder action.

The six-day training organized by the United Nations Development Programme (UNDP), focused on stakeholder engagement process management, achieving a deeper understanding of the power dynamics of diverse interested parties in the landscape and identifying strategies for management and utilisation.

Participants also sharpened skills in reporting and data management skills, ability to leverage Information Communication Technologies (ICT) for the multi-stakeholder collaboration as well as identify and leverage opportunities for sustainable investments that support both environmental conservation and economic development.

Mr Mathias Edetor, National Project Manager, Green Commodities Programme at UNDP, at the opening of the training at Ejisu in the Ashanti Region, said equipping executives with the right knowledge to deal with and drive stakeholder action in the landscape, would promote sustainable cocoa production.

He indicated that a number of factors, including climate change and other environmental challenges in the landscape, contributed to low yields in cocoa production.

It was for these reasons, the Green Commodities Programme with funding from the Swiss State Secretariat for Economic Affairs (SECO), needed to team up with multiple stakeholders to identify solutions to improve cocoa production, and trade as well as transformation of agricultural systems.

Mr Edetor said it was UNDP’s firm belief that “when the grassroots are firm, we can work together to fight issues of unhealthy environmental practices and promote climate-smart cocoa production.”

Addressing these capacity gaps was crucial for ensuring that HIA executives could effectively engage and manage diverse stakeholders, including farmer cooperatives, private sector actors, and government institutions.

They would navigate complex power dynamics and interests to drive inclusive, and participatory decision-making processes.

Mr Sylvester Mensah, a training beneficiary and Board Chairman of Sefwi-Wiawso HIA, mentioned that communities have benefitted from the GCFRP both from the use of carbon payments and supports received from partners in promoting afforestation, climate-smart agriculture, and land restoration activities to enhance productivity and nature conservation.

He said the GCFRP had assisted with farming inputs and other community projects including potable drinking water and schools adding that, the Green Commodity Programme was essential for them to strengthen their collaboration with the multiple stakeholders and partners they work with in the cocoa forest landscapes to sustain these benefits

The HIA Executives are drawn from the six HIAs, which include Asunafo–Asutifi, Kakum, Ahafo Ano, Sefwi Wiawso, Juaboso–Bia and Atewa.

GNA

‘I don’t have female dresses’

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Member of the the DWP group, Lisa Quama Member of the the DWP group, Lisa Quama

A member of the DWP group, Lisa Quama, has stated that she does not have any female clothing in her collection.

In an interview with Deloris Frimpong Manso, Lisa Quama mentioned that she feels less comfortable in women’s clothing compared to men’s.

“I don’t have any dresses. I have only two skirts. I don’t wear makeup. I wore it once, and I didn’t like it; it felt like I was wearing a mask. Also, I wore a wig once for my birthday shoot, and I didn’t like it. I prefer my natural hair,” she said.

Lisa Quama also added that she is not a materialistic person.

“I like boots. I prefer movies. I am not attached to material things. I like to give away money, shoes, and clothes when they no longer fit me,” she added.

During the interview, Lisa Quama explained why female dancers have developed a sudden interest in wearing men’s outfits in the industry.

She stated that dancing is a profession predominantly dominated by men; therefore, to change the narrative, female dancers have adopted a masculine fashion style to help them feel more confident.

Watch the video below:

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JHM/EB

Professionalism, transparency and accountability will underpin my tenure

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COP Christian Tetteh Yohuno is the new IGP COP Christian Tetteh Yohuno is the new IGP

The newly appointed Inspector-General of Police (IGP) COP Christian Tetteh Yohuno has pledged to enhance professionalism within the Ghana Police Service.

Speaking after he had been sworn into office by President John Dramani Mahama at the Jubilee House on Friday, March 14, 2025, he emphasised his commitment to work in alignment with the government’s agenda to reset the country.

“I approach this responsibility with the utmost seriousness. Fully recognising the weight of expectations accompanying this role in alignment with the transformation and modernisation of the service. I pledge to hope the values, traditions and culture of the Ghana Police Service consistent with the resetting agenda.

“I assure you, that professionalism, transparency, accountability and fairness shall underpin my administration and focus on renewing attitudes and performance thereby positioning the service to meet aspirations of our people and foster peace and security in our country. So let me reaffirm a fundamental truth”, he noted.

JKB/MA

ECG promises to restore power after Thursday evening’s heavy rainstorm

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Electricity Company of Ghana (ECG) logo Electricity Company of Ghana (ECG) logo

The Electricity Company of Ghana (ECG) has assured the public that its engineers are working diligently to restore power following a heavy rainstorm on Thursday, March 13, 2025, which caused outages in parts of Accra and nearby areas.

In a statement, ECG said, “The heavy rainstorm that hit Accra and its environs this evening 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. The inconvenience caused is deeply regretted.”

The storm brought heavy rainfall, leading to flooding along parts of the N1 Highway, particularly at the Ofankor Barrier stretch.

This resulted in severe traffic congestion, leaving many pedestrians stranded and motorists struggling to navigate the waterlogged roads.

Some drivers attempted to reverse their vehicles near the Neoplan Station to avoid getting stuck, but others were less fortunate, with several cars becoming completely submerged in floodwaters.

Shiashie was among the hardest-hit areas, with streets, homes, and businesses left underwater.

VKB/MA

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Watch how a massive crowd welcomed Kurt Okraku at the airport after CAF election victory

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Kurt Okraku (in black suit) received heroic welcome at the airport Kurt Okraku (in black suit) received heroic welcome at the airport

The President of the Ghana Football Association (GFA), Kurt Okraku, received a heroic welcome at Kotoka International Airport (KIA) upon his return to the country on March 14, 2025.

The massive crowd consisted of supporters dressed in red, gold, and green attire, with the ‘Black Stars’ inscription on the front of their shirts.

The enthusiastic fans sang a victory song while cheering Okraku to congratulate him on securing a position on the Confederation of African Football (CAF) Executive Committee.

Kurt Okraku earned a seat on the CAF Executive Committee (ExCo), marking a significant milestone for both himself and Ghanaian football.

The Dreams FC owner was elected to the esteemed board during the CAF Congress in Cairo, Egypt, on Wednesday, March 12, 2025. His election makes him the sixth Ghanaian to serve on the prestigious CAF ExCo.

Okraku’s appointment highlights Ghana’s growing influence in African football governance.

He now holds three major positions in football administration: WAFU Zone B President, GFA President, and CAF ExCo member.

Watch how Kurt Okraku was welcomed at the airport below:

Meanwhile, watch as football fans slam NPP over misleading betting tax comments

SB/MA

Angolan authorities’ actions tarnish the spirit of African Union

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Zanzibar's First Vice President, Othman Masoud Othman Zanzibar’s First Vice President, Othman Masoud Othman

A diplomatic standoff that unfolded at Luanda’s Quatro de Fevereiro International Airport on March 13, 2025, has raised serious questions about the spirit of unity and cooperation within the African Union.

In a statement, Zanzibar’s First Vice President, Othman Masoud Othman, expressed his disappointment after being detained for nearly eight hours at the airport alongside several other prominent African leaders.

Othman, who was accompanied by the Tanzania’s Ambassador to Zambia, Lieutenant General Matthew Edward Mkingule, was among a group of political figures invited to attend the Africa Democracy Forum, a high-profile international conference aimed at discussing governance and democracy across the continent.

Along with Othman, former presidents from Botswana and Colombia, the former Prime Minister of Lesotho, and various political leaders from African countries and beyond were detained without any explanation by Angolan authorities.

He condemned the actions of the Angolan authorities, calling them an “embarrassing diplomatic act” that was entirely unjustified.

Othman made it clear that such behavior undermines the core values of the African Union, particularly at a time when the President of Angola holds the Chairmanship of the AU.

“The actions taken against us have tarnished the spirit of the African Union, especially when the President of Angola is the current Chairperson of the AU,” Othman said in his statement.

“This is an act that should be strongly condemned by all Africans and other nations around the world who value and uphold the principles of brotherhood that were established by the Founding Leaders who fought for the independence of our continent.”

Despite his clear frustration with the treatment he and his fellow leaders received, Othman made it clear that he holds no animosity toward the people of Angola, a nation with whom Tanzania shares a long history of strong relations.

However, the incident has left him questioning the diplomatic standards within Africa’s leadership.

In the wake of the incident, Othman made the decision not to participate in the Africa Democracy Forum, opting instead to return to Tanzania.

He explained that he needed time to reflect on what had transpired, viewing it as an assault on both diplomacy and democracy within Africa.

“I believe I need time for deep reflection and to assess what was done to us, which was an attack on diplomacy and democracy within Africa,” Othman stated.

The incident, which lasted several hours and left the detained leaders exhausted, has sparked a wave of indignation across Africa.

The Zanzibar Vice President’s decision to withdraw from the event underscores the gravity of the situation, sending a clear message that African leadership must be held to higher standards of respect and solidarity.

Your Plot to Tarnish Dormaahene’s Image Will Fail – Angry Bono Influencers Attack Kofi Adoma and Wife

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A group of Tiktok users from the Bono area of the country have attacked Kofi Adoma for allegedly ‘faking’ being injured and participating in a plot to tarnish the Dormaahene’s image.

In a Tiktok live session, the angry Dormaa influencers attacked Kofi Adoma over his press conference in which he gave an update on his eye injury and revealed more details about the suffering he’s gone through.

During the presser, Adoma also took aim at the Dormaahene, Osagyefo Oseeadeayo Nana Agyeman Badu II. Kofi Adoma said he is completely shocked that since his injury, Nana has failed to check on him even though he was in Dormaa to cover a program for him when he got injured.

Reacting to Kofi Adoma’s attack on their ‘king’, the Dormaa-influencers accused him of not being really injured but plotting with Nana’s enemies to disgrace him.

Another one said even if Dormaahene invited him to the event, the fact that he got injured at that event does not make him Nana’s responsibility.

Watch below…