Prophet Nicholas Osei alias Kumchacha

Prophet Nicholas Osei, popularly known as Kumchacha, has called on pastors to comply with the ongoing ban on noisemaking in Accra, imposed by the Ga Traditional Council to prepare for the Homowo festival.

The ban, effective from 12 May to 12 June 2025, prohibits drumming, loudspeakers, clapping in religious settings, and other noisy activities across the Ga State.

In an interview on Okay FM, Kumchacha urged his fellow pastors to respect traditional authorities and adhere to the law to maintain peace.

“The one month will soon be here, and once the one month is over, we will have every right to use our instruments. So I will plead with my colleague pastors to give reverence to our traditional leaders and obey the laws for peace to reign,” he said.

He emphasized that Jesus, whom Christians proclaim, is a symbol of peace hence the need for all Christians to promote peace by obeying rules and regulations.

“If the person you are following is for peace, you have no reason, like other pastors do, to engage in actions that will provoke or promote violence,” he said.

The call by Kumchacha comes amid reports of enforcement actions, with the Ga Traditional Council summoning 15 churches for violating the ban by using loudspeakers and engaging in noisy activities.

GA/KA

After the heavy rains over the weekend, a lot of debris have been left across many parts of Accra. Watch some of the destructions below:

Despite growing buzz on social media about a drop in cement prices—particularly GHACEM 32R—retail checks across the market tell a different story.

Traders say the recent appreciation of the Ghana cedi has not translated into lower prices at the counter. GHACEM 32R is still retailing at around 120 cedis per bag.

At a time when the cedi is enjoying one of its strongest runs in years, expectations are high that the cost of goods—especially imported and other critical products like cement—will follow suit.

But traders in parts of Accra have dismissed the claims making the rounds online, saying cement prices have not only held steady, but in some cases, seen slight increases over the last two quarters.

As of February 2025, cement prices had surged by 9 cedis to sell at GHS 120.

“There hasn’t been any price reduction. I even placed an order at 105 cedis per bag, and I’m yet to receive it—so all those reports are just hearsay,” Atta Boafo- a retailer opined.

David Nartey another retailer rejected the social media claims stating that:”I received my goods today and the factory price is GHS 120 and I retail it at GHS 130.”

They argue that factors such as high transport costs, rising input prices, and supply chain constraints continue to weigh on pricing—making it difficult for recent currency gains to reflect immediately at the retail level.

“We understand clinker is in short supply, so if there’s enough of it—and that combines with the stable exchange rate—it could push prices down and offer some relief,” another retailer added.

For most of the traders they impressed on the government to help address the issue of clinker shortages before consumers can think of any price reduction.

GUTA President, Joseph Obeng

The Ghana Union of Traders Association (GUTA), alongside allied trade organisations, has strongly condemned the Ghana Tertiary Education Commission (GTEC) for cautioning GUTA President Dr Joseph Obeng against using his honorary doctorate title, describing the action as a malicious attempt to discredit his reputation.

In a statement issued on Monday, 19 May 2025, GUTA called GTEC’s caution an overreach of authority and an “unwarranted, malicious attempt calculated to cast aspersions on the person and the dignity of a leader whose dedication, vision, and advocacy have been pivotal in transforming the economic narrative of our country.”

The association demanded that GTEC retract its press release and issue a public apology to Dr Joseph Obeng for the reputational harm caused.

“We request that GTEC retract its misplaced press release and issue a public apology to Dr Joseph Obeng for the unwarranted reputational harm caused,” the statement said.

The controversy stems from GTEC’s recent directive urging Dr Joseph Obeng to refrain from using the “Dr” title, which he earned through an Honorary Doctorate of Humanity conferred by Alpha International Theological Seminary (AITS) on April 24, 2016 for his contributions to human development and private enterprise.

GUTA emphasised that Dr Joseph Obeng’s honorary title is a “well-earned recognition of his decades of service to national development, private enterprise advocacy, and economic empowerment.”

The statement further asserted, “We assert that the trading community will not countenance any further attempt to denigrate the dignity of our leader or any of our leadership. The informal sector demands and deserves respect.”

The association urged GTEC to exercise discretion, engage stakeholders before issuing such statements, and recognise diverse pathways to leadership beyond academic credentials.

“Dr Joseph Obeng is not merely a representative of traders; he is a symbol of resilience, service, and visionary leadership in Ghana’s economic landscape,” the statement read.

GUTA and its allies, including the Ashanti Business Owners Association, Abossey Okai Spare Parts Dealers Association, and the Chamber of Automobile Dealership Ghana (CADEG), expressed solidarity with Dr Joseph Obeng, vowing to protect his right to be honoured and defend all leaders who serve Ghana with integrity.

GA/KA

After the heavy rains over the weekend, a lot of debris have been left across many parts of Accra. Watch some of the destructions below:

A dispute with regional implications

GUTA President, Joseph Obeng

The Ghana Union of Traders Association (GUTA), alongside allied trade organisations, has strongly condemned the Ghana Tertiary Education Commission (GTEC) for cautioning GUTA President Dr Joseph Obeng against using his honorary doctorate title, describing the action as a malicious attempt to discredit his reputation.

In a statement issued on Monday, 19 May 2025, GUTA called GTEC’s caution an overreach of authority and an “unwarranted, malicious attempt calculated to cast aspersions on the person and the dignity of a leader whose dedication, vision, and advocacy have been pivotal in transforming the economic narrative of our country.”

The association demanded that GTEC retract its press release and issue a public apology to Dr Joseph Obeng for the reputational harm caused.

“We request that GTEC retract its misplaced press release and issue a public apology to Dr Joseph Obeng for the unwarranted reputational harm caused,” the statement said.

The controversy stems from GTEC’s recent directive urging Dr Joseph Obeng to refrain from using the “Dr” title, which he earned through an Honorary Doctorate of Humanity conferred by Alpha International Theological Seminary (AITS) on April 24, 2016 for his contributions to human development and private enterprise.

GUTA emphasised that Dr Joseph Obeng’s honorary title is a “well-earned recognition of his decades of service to national development, private enterprise advocacy, and economic empowerment.”

The statement further asserted, “We assert that the trading community will not countenance any further attempt to denigrate the dignity of our leader or any of our leadership. The informal sector demands and deserves respect.”

The association urged GTEC to exercise discretion, engage stakeholders before issuing such statements, and recognise diverse pathways to leadership beyond academic credentials.

“Dr Joseph Obeng is not merely a representative of traders; he is a symbol of resilience, service, and visionary leadership in Ghana’s economic landscape,” the statement read.

GUTA and its allies, including the Ashanti Business Owners Association, Abossey Okai Spare Parts Dealers Association, and the Chamber of Automobile Dealership Ghana (CADEG), expressed solidarity with Dr Joseph Obeng, vowing to protect his right to be honoured and defend all leaders who serve Ghana with integrity.

GA/KA

After the heavy rains over the weekend, a lot of debris have been left across many parts of Accra. Watch some of the destructions below:

Foster Awintiti-Akubi, Head of Partnerships and Government Relations for Africa Fintech Summit,

Ghana is poised to significantly boost its economy by hosting the 14th Africa Fintech Summit (AFTS), scheduled for October 8th to 10th, 2025, in Accra.

With over 1,500 delegates expected from across the continent, the summit is projected to generate approximately $1.3 million for the Ghanaian economy through hotel bookings and various other economic activities.

Mr. Foster Awintiti-Akubi, Head of Partnerships and Government Relations for the Africa Fintech Summit, highlighted the substantial economic benefits during an event hosted by the Ghana Investment Promotion Centre (GIPC) in Accra.

He emphasized that bringing this prestigious fintech event to Ghana underscores the nation’s growing prominence as a financial technology hub in Africa.

Mr. Awintiti-Akubi stated that beyond the immediate financial gains, the summit is also expected to catalyze further investment in Ghana’s thriving fintech sector.

He noted that the summit would provide a crucial platform for networking, knowledge sharing, and potential collaborations—further solidifying Ghana’s position in the African fintech landscape and attracting future economic opportunities.

Ghana’s tech industry has demonstrated remarkable growth, standing out as the only top-five African destination for venture capital growth in 2024, with an impressive 26 percent increase—even as overall tech funding across Africa declined.

This growth is largely attributed to its robust fintech sector, particularly in payment solutions.

The announcement also marks the official launch of a strategic partnership between AFTS and the Ghana Investment Promotion Centre (GIPC).

The Bank of Ghana has called for increased collaboration in promoting fintech and digital initiatives to enhance Africa’s economic integration.

It stated that fintech is bridging access gaps, particularly for underserved and remote communities, and that cross-border digital payments are gaining traction—promising to ease trade frictions and accelerate regional commerce.

Sesame Street and Netflix have struck a deal that will see the popular US television show appear on the streaming platform, while still being available on the free-to-air channel PBS.

Netflix said the iconic programme is a “beloved cornerstone of children’s media, enchanting young minds and nurturing a love of learning”.

From later this year Netflix will offer its 300 million subscribers around the world a new 56th season of the show and 90 hours of previous episodes.

Sesame Street was facing an uncertain future after entertainment giant Warner Bros Discovery, which owns the HBO platform, did not renew its deal with the half-century-old programme.

Under the deal, PBS will get access to episodes on the same day they are released on Netflix.

In the late 1960s, Sesame Street co-founders Lloyd Morrisett and Joan Ganz Cooney approached Harvard University’s Graduate School of Education with a novel way of teaching American children.

A team led by a developmental psychologist worked with the Sesame founders to analyse childhood psychology and produce entertaining lessons.

They worked with Muppets creator Jim Henson to create characters like Big Bird, with a set made to look like an urban street.

Since its first airing on 10 November 1969, millions of children have grown up with the show’s theme tune “Can you tell me how to get, how get to Sesame Street?”

Over the decades, the programme and its characters have gained a life beyond the small screen.

Popular character Elmo stepped into the public policy spotlight in 2002, when he was invited to discuss music education at Congress.

During a child obesity epidemic in the US in 2006, Sesame Street aired Health Habits segments designed to teach kids about diet and exercise.

The Cookie Monster declared cookies a “sometimes food” and taught children about a balanced diet.

Former First Lady Michelle Obama also visited Sesame’s studios to film a segment on healthy eating.

Netflix has been increasing its focus on children’s content, which accounts for 15% of viewing on its service.

It also announced on Tuesday that new episodes of Peppa Pig and a mobile game with puzzles and colouring activities would be coming to the platform.

The animated show is centred on the adventures of a four-year-old piglet called Peppa who lives with her family in a fictional British town.

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.

Dr Apaak, exchanging pleasantries wit the UK Trade Envoy to Ghana, Bellavia Janet Ribeiro-Addy (MP)

The Deputy Minister for Education, Dr Clement Apaak, received the UK Trade Envoy to Ghana, Bellavia Janet Ribeiro-Addy (MP), at the Ministry on Monday, May 19, 2025.

The meeting primarily focused on Transnational Education (TNE), with the aim of strengthening the UK-Ghana educational partnership and exploring additional areas for deeper collaboration.

Dr Apaak was supported by the Director-General of the Ghana Tertiary Education Commission (GTEC), Prof. Ahmed Jinapor Abdulai; the Director for Tertiary Education, Dr. Emmanuel Newman; and officials from the Ministry’s Protocol Department.

In his remarks, the Deputy Minister expressed his gratitude to the UK Envoy for selecting Ghana as a partner in Transnational Education.

“On behalf of the Minister, I would like to express our appreciation and emphasize that this partnership will be mutually beneficial. We are committed to doing our part, based on the conversation we’ve had and our shared expectations,” Dr Apaak said.

“We are also encouraged by your willingness to support us. You mentioned capacity building and building on what has already been achieved in phase one — we are ready for phase two. We genuinely want to position Ghana as an educational hub. Our country is politically stable, and our economy is doing relatively well,” he added.

Dr Apaak further assured the Envoy of the Ministry’s openness to continued engagement. “Our doors are always open for any clarifications. We are available to provide the necessary information so that we can make meaningful progress that benefits us all.”

“We want to see real impact — it’s not just about awarding degrees,” he emphasized.

For her part, the UK Trade Envoy to Ghana, Bellavia Janet Ribeiro-Addy (MP), expressed appreciation to the Deputy Minister for hosting her and for engaging in discussions on Transnational Education.

“I just want to thank you so much for taking the time to meet with us and for your willingness to support Transnational Education and the creation of partnerships between institutions,” she stated.

Dr Omane Boamah [L] and Stan Dogbey have been criticised for their lack of empathy

A member of the Communications Team of the opposition New Patriotic Party (NPP), Tabitha Ayillah, has heavily criticised Deputy Chief of Staff Stan Dogbe and Minister of Defence Dr. Edward Omane Boamah for their apparent lack of empathy toward victims of Sunday’s floods.

The two government appointees have come under heavy criticism after choosing to discuss football on their social media platforms at a time when parts of the public were stranded and others displaced following five hours of heavy rainfall in Accra.

Their failure to use their platforms to sympathise with struggling Ghanaians was roundly condemned by many netizens.

Speaking during a panel discussion on Metro TV on Monday, May 19, 2025, Tabitha Ayillah said the two politicians should learn to show concern for the very Ghanaians who stood in queues for hours to vote them into power.

“Where is the empathy from people who should be concerned about the livelihoods of Ghanaians? I say this because the Chairman of the anti-flood committee set up by the President, who is also the Deputy Chief of Staff, Stan Dogbe, and the Minister for Defence, Dr. Omane Boamah, were on social media talking about football while people had no place to sleep and others were struggling to get home after going out.

“You have these insensitive people, who hold sensitive positions in this administration, talking about football on their social media handles. I just checked their profiles to see if they had issued any statement to empathise with the people or to outline plans to address the situation—I saw nothing.

“And you ask yourself: are these the leaders we chose to govern this country? We saw the charade; we saw them in an aircraft claiming to be doing feasibility studies or whatever, all funded by taxpayers. Yet, when the people are in need, they are on social media talking about football. It is sad and shameful that those we call our leaders engage in such behavior.”

Heavy rainfall on Sunday, May 18, 2025, brought Accra and its surrounding municipalities to a standstill leaving three people dead.

The downpour, which began around 3:00 pm and lasted over three hours, flooded neighborhoods including Ofankor Barrier, Weija, Kaneshie, Labadi, First Light, Dzorwulu, Adabraka, Adentan-Dodowa, and parts of Tema. Severe flooding was reported in the Adjei-Kojo Kanewu area of the Tema West Municipality.

Major roads were rendered inaccessible, including the stretch between Awudome Roundabout and Awudome Cemetery, with the Obetsebi Lamptey Interchange completely submerged.

Several vehicles broke down in the floodwaters, forcing local youth to step in and assist stranded drivers, helping to prevent accidents near open drains and potholes hidden beneath the water.

The situation worsened during the evening rush hour, leaving many commuters stranded for hours.

Where is the empathy? It’s sad and shameful – Tabitha Ayillah vents at Stan Dogbe & Omane Boamah for discussing footbal amid #AccraFloods#GoodMorningGhana #MetroTV pic.twitter.com/cuabWNwtJW

— Metro TV Ghana (@metrotvgh) May 19, 2025

KA

After the heavy rains over the weekend, a lot of debris have been left across many parts of Accra. Watch some of the destructions below:

Foster Awintiti-Akubi, Head of Partnerships and Government Relations for Africa Fintech Summit,

Ghana is poised to significantly boost its economy by hosting the 14th Africa Fintech Summit (AFTS), scheduled for October 8th to 10th, 2025, in Accra.

With over 1,500 delegates expected from across the continent, the summit is projected to generate approximately $1.3 million for the Ghanaian economy through hotel bookings and various other economic activities.

Mr. Foster Awintiti-Akubi, Head of Partnerships and Government Relations for the Africa Fintech Summit, highlighted the substantial economic benefits during an event hosted by the Ghana Investment Promotion Centre (GIPC) in Accra.

He emphasized that bringing this prestigious fintech event to Ghana underscores the nation’s growing prominence as a financial technology hub in Africa.

Mr. Awintiti-Akubi stated that beyond the immediate financial gains, the summit is also expected to catalyze further investment in Ghana’s thriving fintech sector.

He noted that the summit would provide a crucial platform for networking, knowledge sharing, and potential collaborations—further solidifying Ghana’s position in the African fintech landscape and attracting future economic opportunities.

Ghana’s tech industry has demonstrated remarkable growth, standing out as the only top-five African destination for venture capital growth in 2024, with an impressive 26 percent increase—even as overall tech funding across Africa declined.

This growth is largely attributed to its robust fintech sector, particularly in payment solutions.

The announcement also marks the official launch of a strategic partnership between AFTS and the Ghana Investment Promotion Centre (GIPC).

The Bank of Ghana has called for increased collaboration in promoting fintech and digital initiatives to enhance Africa’s economic integration.

It stated that fintech is bridging access gaps, particularly for underserved and remote communities, and that cross-border digital payments are gaining traction—promising to ease trade frictions and accelerate regional commerce.

Former Vice President Dr Mahamudu Bawumia has mounted a strong defence of his government’s controversial decision to ramp up gold purchases instead of relying solely on loans.

Speaking to members of the Young Executive Forum (YEF) during his Thank You Tour of the UK, the 2024 flagbearer of the NPP, described the move as a choice between economic sovereignty and dependency.

“$5 billion in gold or $3 billion in loans – we chose sovereignty,” he declared, arguing that the Bank of Ghana’s gold purchase program was the bedrock of the cedi’s current strength.

“In two years, Bank of Ghana had bought $5 billion worth of gold,” Dr. Bawumia said.

“Remember, we were going to the IMF just for $3 billion, and going through all sorts of hoops. But in two years, we had bought $5 billion.”

He said the results were unmatched.

“We increased the gold reserves in Ghana from 8.7 tons to 30 tons. So, 65 years after independence, we only had 8.7 tons, but in just two years, we went to 30. That is a big backing for the currency.”

He explained why the gold path was more logical. “Why I went for gold is that you don’t need to export to get gold. You need to export cocoa to get foreign exchange, timber, and oil, you need to turn it abroad. But as for gold, you just need to dig it or pay for it with cedis. So it was a much easier way to do it.”

Dr. Bawumia also dismissed any credit to the opposition for the recent appreciation of the cedi.

“If you are to ask the NDC to point out exactly what policy they have implemented that has resulted in the appreciation of the cedi, they cannot tell you one.

“Not sort of talked about, but actually implemented. They only passed their budget in March. They’ve not even issued any contracts and paid for anything.”

He stressed that the foundation of the current cedi performance lies in decisions made under the NPP.

“People, after all the noise of the election, are paying attention to our reserves. That is one thing which we have built to 30 tons. They have been in office so far, they’ve not even increased it by one ton. Not a single one ton.”

Dr Bawumia pointed to three main drivers of the cedi’s performance: Ghana’s gold-backed currency, global dollar weakness, and fiscal restraint under the current administration.

“The US dollar itself is on the decline globally. If you go to Zambia, for example, the Kwacha has gained a lot of ground also because you have the US dollar declining in value.”

He claimed the current government’s inaction is also playing a role.

“They are not spending. If you are managing an economy, you have to pay your bills. They are not paying IPPs, for example.

“This is why the dumsor is so acute. And they are not paying contractors. When you are not spending, there is less pressure on your currency.”

Dr Bawumia warned that the sustainability of the current macro stability depends on how the new administration manages what has been built.

“I believe that it is clear that what we put in place – and I believe this is going to be there for a long time – should help us maintain stability in the currency. But we’ll see how they manage it going down the road.”

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.

Executive Secretary of the National Commission on Small Arms and Light Weapons, Dr Adam Bonaa

The National Commission on Small Arms and Light Weapons has announced that its Acting Executive Secretary, Dr Adam Alhassan Adamu Bonaa, has been appointed Chair of the Diversion Information Exchange Forum (DIEF) under the Arms Trade Treaty (ATT).

The appointment was confirmed by Ambassador Carlos Foradori, President of the Eleventh Conference of States Parties (CSP11), in a statement from Geneva on 16 May 2025.

Dr Bonaa becomes the first African to lead the DIEF, a critical UN mechanism established in 2020 to combat the illicit diversion of conventional arms.

The forum enables States Parties and signatories to share information on suspected or actual arms diversion cases, exchange enforcement strategies, and propose collective responses to prevent arms from reaching traffickers, criminal networks, and conflict zones.

Dr Bonaa’s role involves leading efforts to enhance international cooperation and data-sharing to curb arms diversion, aligning with the ATT’s objectives under Articles 11 and 15.

His appointment follows previous DIEF chairs from Belgium, Mexico, and France, marking a significant milestone for Ghana’s influence in global security governance.

With extensive experience in security policy, law enforcement cooperation, and transnational crime prevention, Dr Bonaa is well-positioned to advance the forum’s objectives.

The Commission highlighted that his leadership reflects Ghana’s growing credibility in peacebuilding and responsible arms management.

The National Commission congratulated Dr Bonaa and pledged its full support as he undertakes this vital role, reinforcing Ghana’s commitment to global peace and security.

GA

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Rocky55 Blog of Tuesday, 20 May 2025

Source: Isaac Appiah

Ghana’s economic landscape in 2025 presents a striking paradox. The cedi has emerged as one of the world’s best-performing currencies, appreciating by approximately 16% against the US dollar and contributing to a decline in inflation to 21.2% by April 2025.

This remarkable turnaround follows a turbulent 2024 when the currency depreciated by nearly 24%, fueling economic instability and eroding purchasing power. Yet, despite these positive macroeconomic indicators, ordinary Ghanaians continue to grapple with persistently high prices for goods and services.

This phenomenon is not without historical precedent. Ghana’s economic history reveals several instances where currency appreciation failed to translate into immediate consumer benefits. Understanding both the current drivers of the cedi’s strength and these historical parallels provides crucial insights for policymakers seeking to convert macroeconomic gains into tangible improvements in citizens’ lives.

The Drivers of Cedi Appreciation

The cedi’s resurgence stems from a confluence of domestic policy reforms and favorable global economic conditions. Domestically, the Bank of Ghana’s Gold4Oil and now GoldBod initiative has been instrumental, increasing gold reserves by 40.6% from May 2024 to April 2025.

This strategic accumulation has not only strengthened Ghana’s foreign exchange buffer but also boosted investor confidence and reduced speculative pressures on the currency. The program’s requirement that 20% of gold export proceeds be converted into cedis before dollar exchange has further stabilized forex supply.

Concurrent fiscal reforms under Ghana’s IMF program have significantly contributed to the currency’s recovery. The government’s elimination of distortionary taxes like the E-levy, the intent to abolish the COVID-19 levy, combined with prudent expenditure cuts, has enhanced fiscal credibility.

The $3 billion Extended Credit Facility from the IMF has restored economic confidence, with an anticipated $370 million tranche expected soon. These measures have been validated by S&P Global Ratings’ upgrade of Ghana’s credit status from Selective Default to CCC+.

The temporary suspension of external debt repayments through Ghana’s ongoing restructuring program has provided crucial breathing room, with the next major payment due in July 2025. This respite has alleviated pressure on foreign exchange reserves, enabling the cedi to stabilize. The Bank of Ghana’s direct market interventions, including a $490 million forex injection in April 2025, have further supported the currency’s appreciation.

Global economic shifts have complemented these domestic efforts. The US dollar’s weakening due to trade tensions and recession concerns has indirectly benefited emerging market currencies like the cedi, with the DXY index falling approximately 10% since January 2025. Simultaneously, record prices for Ghana’s key exports—gold reaching $3,400 per ounce and cocoa hitting $10,000 per ton—have significantly boosted foreign exchange inflows. The formalization of small-scale mining operations has augmented these gains by increasing legally exported gold volumes.

The Persistent Challenge of Price Stickiness

Despite these favorable currency movements, consumer prices remain stubbornly high due to several structural and behavioral factors. Price stickiness—the economic phenomenon where prices adjust more readily upward than downward—plays a significant role. Businesses, uncertain about the sustainability of the cedi’s strength, hesitate to reduce prices. Many operate under long-term contracts for rent, utilities, and wages negotiated during higher inflation periods, complicating immediate price reductions.

Domestic cost structures continue to exert upward pressure on prices. While a stronger cedi reduces imported input costs, expenses like transportation, electricity, and labor remain elevated. Recent utility tariff hikes and persistently high fuel prices, influenced by global oil markets, maintain cost pressures that limit businesses’ ability to lower consumer prices.

Inventory cycles create additional lags. Many traders continue selling goods purchased when the cedi was weaker, meaning the benefits of currency appreciation will only manifest as new stock arrives. For import-dependent sectors like electronics and pharmaceuticals, this adjustment may take three to six months.

Market dynamics further complicate the picture. Unlike swift price increases during depreciation, downward adjustments face weaker competitive and regulatory pressures. While the Ghana Union of Traders encourages price reductions, voluntary compliance allows some businesses to maintain higher margins. Moreover, global commodity prices for essentials like rice, wheat, and fuel remain elevated due to supply chain disruptions and geopolitical tensions, keeping local prices high despite currency gains.

Historical Parallels and Policy Lessons

Ghana’s economic history offers several instructive parallels to the current situation. The 2017 cedi recovery following the IMF bailout and oil production commencement saw similar patterns—while inflation dropped from 15.4% to 11.8%, consumer prices remained elevated due to structural bottlenecks. The 2007 cedi redenomination provided temporary stability but ultimately failed without deeper reforms, leading to renewed depreciation by 2014.

These historical episodes yield crucial policy lessons. First, temporary fixes like forex interventions or redenomination cannot substitute for sustained structural reforms. Second, domestic cost pressures require direct attention, as currency appreciation alone cannot offset local inflationary drivers.

Third, active cultivation of market competition is essential to ensure businesses pass forex gains to consumers. Fourth, economic diversification beyond commodities is critical for long-term stability. Finally, managing public expectations through transparent communication helps maintain confidence during transitional periods.

Consumer Expectations and Policy Recommendations

In the short term (three to six months), consumers may see gradual price declines in import-heavy sectors like electronics and vehicles as new stock arrives. However, staple food prices will likely remain elevated due to global supply constraints. Over the medium term (six to twelve months), sustained cedi strength should lead to broader price adjustments, though careful management of potential interest rate cuts will be crucial to avoid reigniting inflation.

For lasting stability, comprehensive structural reforms are essential. These include:

Maintaining fiscal discipline through continued IMF program implementation

Addressing domestic cost pressures via energy sector improvements and transport infrastructure development

Strengthening market competition through appropriate regulatory frameworks

Diversifying Ghana’s economic base beyond commodity exports

Enhancing price transparency mechanisms and local production capacity

Conclusion: From Temporary Recovery to Sustainable Stability

Ghana’s current economic position presents both opportunities and risks. While the cedi’s appreciation creates favorable conditions for reform implementation, history shows these gains may prove temporary without decisive action.

By learning from past experiences and implementing comprehensive structural reforms, Ghana can work toward an economic future where currency stability translates into tangible improvements in citizens’ lives.

The path forward requires not just maintaining current policies but building upon them to create a more diversified, competitive, and resilient economy capable of delivering sustained prosperity.

Ghana defender Tariq Lamptey has suffered another injury setback

Ghana defender Tariq Lamptey has suffered another injury setback, casting doubt over his involvement in the upcoming four-nation tournament in London, where the Black Stars are set to face Trinidad & Tobago, Nigeria, and Jamaica.

The 24-year-old was absent from Brighton & Hove Albion’s squad for their 3-2 win over Liverpool on Monday, the club’s final home fixture of the season.

Lamptey had started in their previous match against Wolves but was forced off with a knee injury, just weeks after returning from a foot problem.

His latest setback further clouds his future at Brighton, with his contract expiring this summer and little indication of renewal talks.

The right-back, who has struggled with persistent injuries, has fallen down the pecking order under Roberto De Zerbi, behind Joel Veltman.

Lamptey was previously linked with a move to Ajax during the January transfer window, while Everton are also reportedly monitoring his situation.

With the Black Stars assembling in London for friendly matches on May 28 and June 3 (not June 31, which is not a valid date), his fitness remains a major concern for Otto Addo’s technical team.

By Jibril Abdul Mumuni, GNA

Abuja, Nigeria, May 19, GNA – Mrs Elizabeth Ofosu-Adjare, the Minister of Trade, Agribusiness and Industry, has called on her counterparts in the West African sub-region to fast-track the harmonisation of trade standards to facilitate the free movement of goods across ECOWAS member states.

She made the call at the Fourth Joint Meeting of ECOWAS Ministers of Trade and Industry held in Abuja, Nigeria, from May 13 to 15, 2025.

The Minister noted that the 50th Anniversary of the Economic Community of West African States (ECOWAS) should serve as a moment of reflection on the achievements of the past five decades and inspire member countries to chart a new path toward deeper economic integration.

She said regional economic empowerment remained a central objective of ECOWAS and that recent geopolitical realignments, global inflation, and disruptions in supply chains presented significant challenges to trade and industrial development within the sub-region.

Mrs Ofosu-Adjare urged Ministers to leverage the current momentum to reset regional trade relations, accelerate the implementation of the ECOWAS Common External Tariff, and advance the accession process to the African Continental Free Trade Area (AfCFTA).

“The AfCFTA has the potential to transform Africa’s economy, with a projected GDP of £2.7 trillion or US$3.4 trillion by 2035, and significantly boost intra-African trade,” she said.

On infrastructure, the Minister called for a joint meeting between ECOWAS Ministers of Trade and Industry and Ministers of Transport to address the persistent challenges facing transport and logistics in the region.

She cautioned that failure to tackle infrastructure and logistics issues could undermine efforts at boosting intra-regional trade and industrialisation.

The Fourth Joint Meeting reviewed a number of key trade issues including the outcomes of the 13th World Trade Organisation (WTO) Ministerial Conference held in Abu Dhabi.

It also reviewed developments surrounding the AfCFTA, multilateral trading relations, and a draft cooperation agreement between the ECOWAS Regional Competition Authority (ERCA) and member states.

Mrs Massandjé Toure-Litse, speaking on behalf of the ECOWAS Commission, reiterated the Commission’s commitment to advancing economic integration across the region.

She said the Commission would continue to work on removing non-tariff barriers, enhancing quality infrastructure, and promoting regional value chains and investment.

Dr Paul Koffi Koffi, representing the President of the WAEMU Commission, reaffirmed the commission’s commitment to collaborating with ECOWAS in tackling the common challenges facing the sub-region.

Senator John Owan Enoh, representing the Government of the Federal Republic of Nigeria, expressed optimism that the Ministerial Meeting would produce actionable outcomes on industrial development and intra-regional trade improvement.

Dr Jumoke Oduwole, Chairperson of the Fourth Joint Meeting, commended the Ministers for their strong engagement and reaffirmed the collective commitment to regional integration and economic growth.

GNA

ABD

Last year, Donald Trump promised he would end the Ukraine War in “24 hours”.

Last week, he said that it would not be resolved until he and Russian President Vladimir Putin could “get together” and hash it out in person.

On Monday, the ground shifted again.

After a two-hour phone call with Putin, he said that the conditions of a peace deal could only be negotiated between Russia and Ukraine – and maybe with the help of the Pope.

Still, the US president has not lost his sense of optimism about the prospect for peace, posting on social media that the combatants would “immediately start” negotiations for a ceasefire and an end to the war.

That sentiment was somewhat at odds with the Russian view. Putin only said that his country is ready to work with Ukraine to craft a “memorandum on a possible future peace agreement”.

Talks about memorandums and a “possible future” of peace hardly seem the kind of solid ground on which lasting deals can be quickly built.

Putin again emphasised that any resolution would have to address the “root causes” of the war, which Russia has claimed in past to be Ukraine’s desire for closer ties to Europe.

There is a possibility that Trump’s latest take on the war in Ukraine could be a sign that the US will ultimately abandon the negotiating table.

“Big egos involved, but I think something’s going to happen,” Trump said on Monday afternoon. “And if it doesn’t, I’ll just back away and they’ll have to keep going.”

Such a move, however, comes with its own set of questions – and risks.

If the US washes its hands of the war, as Vice-President JD Vance and Secretary of State Marco Rubio have also threatened, does it mean the US would also end any military and intelligence support for Ukraine?

And if that is the case, then it may be a development that Russia, with its greater resources compared to a Ukraine cut off from American backing, would welcome.

That prospect is enough to have Ukrainian President Volodymyr Zelensky concerned.

“It’s crucial for all of us that the United States does not distance itself from the talks and the pursuit of peace,” he said on Monday after the Trump-Putin call.

Putting aside Monday’s rhetoric, it appears that Ukraine and Russia are set to continue some kind of talks – and talking in any form is progress after nearly three years of war.

Still to be determined is whether the Russian team will be more than the low-level delegation that travelled to Istanbul to meet with the Ukrainians last Friday.

Trump is holding out the promise of reduced sanctions on Russia – and new trade deals and economic investment – as the enticement that will move Putin toward a peace agreement.

He mentioned that again in his post-call comments. Not discussed, on the other hand, were any negative consequences, such as new sanctions on Russian banking and energy exports.

The US president last month warned that he would not tolerate Putin “tapping me along” and said that Russia should not target civilian areas.

But yesterday, Russia launched its largest drone strike of the war on Ukrainian cities, and Monday’s call between the two world leaders makes clear that any ceasefire or peace deal still seems well over the horizon.

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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.

Several residential areas across the national capital were flooded following Sunday’s downpour

The Ghana Hydrological Authority has attributed the flooding in parts of Accra on Sunday, May 18, 2025, to illegal structures built on waterways and wetlands, which obstructed natural drainage paths.

Director of Drains at the Hydrological Authority, Richard Amekor revealed that assessments conducted after the heavy rains showed that unapproved constructions were a primary cause of the floods.

“What we picked out on the ground has to do with a lot of illegal buildings on our waterways. People have built on the wetlands and encroached on our water bodies. These are the major things we gathered on the ground today after yesterday’s heavy rains, which caused flooding in some parts of Accra,” he is quoted in a report by myjoyonline.com.

Amekor stressed the urgency of addressing the issue as Ghana approaches the peak of the rainy season, echoing President John Mahama’s directive to demolish structures obstructing drainage systems.

“If you could recall, the President in his speech said that those people living close to our drains, their structures are going to be pulled down to allow water to flow when it rains,” he stated.

He urged residents in affected areas, such as Weija, to vacate and relocate to prevent future disasters.

“They need to leave those places; they are not supposed to be there. For example, in Weija, people are building in the estuary, which is wrong. If they are there and it rains, where will the water go? It will go into their homes, and this is the challenge we are having,” he explained.

Amekor called for stricter control over development to mitigate flooding risks, stating, “So what I am saying is that it is about time we control our development.”

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After the heavy rains over the weekend, a lot of debris have been left across many parts of Accra. Watch some of the destructions below:

The US Supreme Court has said it will allow the Trump administration to terminate deportation protections for some 350,000 Venezuelans in the US.

The ruling lifts a hold that was placed by a California judge that kept Temporary Protected Status (TPS) in place for Venezuelans whose status’ would have expired last month.

Temporary Protected Status allows people to live and work in the US legally if their home countries are deemed unsafe due to things like countries experiencing wars, natural disasters or other “extraordinary and temporary” conditions.

The ruling marks a win for US President Donald Trump, who has repeatedly tried to use the Supreme Court to enact immigration policy decisions.

The Trump administration wanted to end protections and work permits for migrants with TPS in April 2025, more than a year before they were originally supposed to end in October 2026.

Lawyers representing the US government argued that the California federal court, the US District Court for the Northern District of California, had undermined “the Executive Branch’s inherent powers as to immigration and foreign affairs” when it stopped the administration from ending protections and work permits in April.

Ahilan Arulanantham, who represents TPS holders in the case, told the BBC he believes this to be “the largest single action stripping any group of non-citizens of immigration status in modern US history”.

“That the Supreme Court authorised this action in a two-paragraph order with no reasoning is truly shocking,” Mr Arulanantham said.

“The humanitarian and economic impact of the Court’s decision will be felt immediately and will reverberate for generations.”

Because it was an emergency appeal, justices on the Supreme Court did not provide a reasoning for the ruling.

The court’s order only noted one judge’s dissent, Justice Ketanji Brown Jackson.

In August, the Trump administration is also expected to revoke TPS protections for tens of thousands of Haitians.

The ruling on Monday by the Supreme Court marks the latest in a series of decisions on immigration policies from the high court that the Trump administration has left them to rule on.

Last week, the administration asked the Supreme Court to end humanitarian parole for hundreds of thousands of Cuban, Haitian, Nicaraguan and Venezuelan immigrants.

Along with some of their successes, the Trump administration was dealt a blow on Friday when the high court blocked Trump from using the 1798 Alien Enemies Act to deport immigrants in North Texas.

Trump had wanted to use the centuries-old law to swiftly deport thousands from the US, but Supreme Court judges questioned if the president’s action was legal.

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 support came through the efforts of Ghanaian members of Alpha Phi Alpha

Abeadze State College, the only senior high school serving the Abeadze Traditional Area, has received a much-needed boost through a donation of essential facilities from the Tau Alpha Lambda Chapter (TAL) of Alpha Phi Alpha Fraternity, Inc.

The donation, presented at a ceremony on the school grounds, included two water pumps for the boys’ dormitories, tables and chairs for the dining hall, a cooker, and a refrigerator for the Home Science Department.

The support came through the efforts of Ghanaian members of Alpha Phi Alpha in both Ghana and the Americas.

Dasebre Kwebu Ewusi VII, Paramount Chief of the Abeadze Traditional Area, who was present at the event alongside his sub-chiefs, welcomed the gesture with deep appreciation.

“This is a profound gesture to support the only Senior High School in my community. We are grateful,” he said. “I urge the school authorities and students to take very good care of these items so that others will be encouraged to also support the school in the future.”

Headmistress of Abeadze State College, Helena Sarpong, also thanked the fraternity for responding to a critical need in the school. “We are grateful to the Alphas across the world. You have answered a critical need,” she said. “However, I must humbly place before you that our bathroom facilities are in horrible shape. If there is to be a Phase III, that would be our most urgent area of need.”

The event drew a large crowd of students, staff, traditional leaders, and local government officials, including Assemblyman Charles Ennim and Parent-Teacher Association executives. More than 350 students were in attendance.

Speaking on behalf of the fraternity, Vice President of Tau Alpha Lambda, Dr Nana Kweku Nduom, stated that the donation was part of an ongoing relationship between the fraternity and the school.

“This marks Phase II of our relationship with the school. Alphas promote scholarship, and to us, education is premium,” he said, noting the fraternity’s intention to return for further support.

Dr Nduom was joined by fellow TAL members Nana Ofori Owusu, Ivan Hoffman, Michael Owusu, and Andrew Amoo.

The group later visited the Omanhene’s palace, where discussions focused on strengthening the partnership and identifying additional areas where the fraternity could assist.

Tau Alpha Lambda is the Ghana chapter of Alpha Phi Alpha Fraternity, Inc., a US-founded organization established in 1906 to support African American students.

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