Ghana’s central bank has completed drafting legislation to regulate cryptocurrency and digital asset providers, setting the stage for what could become one of West Africa’s most comprehensive frameworks governing the rapidly evolving sector.

The Bank of Ghana (BoG) announced today that its Virtual Asset Service Providers (VASP) Bill has finished the drafting phase and is now progressing through processes leading to parliamentary consideration. The development marks a significant milestone in Ghana’s efforts to bring structure and oversight to a digital finance sector that has operated largely without formal regulation.

The central bank developed the legislation in collaboration with the Securities and Exchange Commission (SEC) and the Financial Intelligence Centre (FIC), ensuring the framework addresses both market integrity and anti-money laundering concerns. According to BoG, the draft bill has undergone extensive review by industry groups, relevant state institutions, and international development partners before advancing to its current stage.

What makes this development particularly noteworthy is the comprehensive groundwork BoG conducted before finalizing the legislation. In July 2025, the regulator conducted a mandatory registration exercise for all virtual asset service providers operating in Ghana, including cryptocurrency exchanges, wallet operators, and custodians. That exercise provided updated baseline data on virtual asset activities in Ghana, offering valuable insights that shaped the final regulatory framework.

Dr. Johnson Pandit Asiama, who became BoG Governor in February 2025, had previously indicated at a Monetary Policy Committee press conference that the draft bill was at cabinet level. He mentioned plans to sensitize the Attorney-General’s department on the bill’s provisions—a crucial step before parliamentary submission.

The legislation arrives as Ghana positions itself within the global movement toward regulated digital asset markets. Countries worldwide are grappling with how to harness cryptocurrency’s potential while protecting consumers and preventing illicit financial flows. Ghana’s approach appears to balance innovation encouragement with prudent oversight.

BoG has outlined a structured roadmap for implementing the framework once parliament passes it into law. Immediate priorities include continued consultations with the executive branch, legislature, and other stakeholders on the draft bill. The bank also plans to launch a dedicated online portal serving as a central information and compliance support hub for virtual asset service providers.

Nationwide awareness and engagement activities with industry players and the public are scheduled, along with preparatory measures to ensure smooth rollout once the VASP Act takes effect. This phased approach suggests BoG recognizes that effective regulation requires not just legislation, but also education and infrastructure.

For Ghana’s cryptocurrency sector, the bill represents both opportunity and challenge. Formal regulation could attract institutional investors who’ve avoided the space due to regulatory uncertainty. It might also facilitate partnerships between traditional financial institutions and digital asset platforms, potentially expanding access to cryptocurrency services.

However, compliance requirements will likely increase operational costs for virtual asset service providers. Smaller operators may struggle to meet licensing standards, potentially consolidating the market around larger, better-capitalized players. The registration exercise BoG conducted in July probably gave regulators insight into which operators are positioned to meet forthcoming standards.

The central bank’s statement emphasized its commitment to “fostering a safe, transparent, and innovative virtual asset ecosystem that protects users, encourages responsible innovation, and safeguards the integrity of the financial system.” That language suggests regulators are attempting to avoid stifling innovation while establishing necessary guardrails.

International context matters here. The Financial Action Task Force (FATF), which sets global standards for combating money laundering and terrorist financing, requires member states to regulate virtual asset service providers. Ghana’s move aligns with international best practices and could enhance its standing in global financial markets.

The bill’s progression through parliament will be worth watching. Legislators will need to balance competing interests: consumer protection advocates wanting strong oversight, industry players seeking operational flexibility, and government officials concerned about both innovation and financial stability.

Questions remain about specific provisions in the draft legislation. Will it require virtual asset service providers to maintain minimum capital reserves? How will it handle cross-border transactions? What enforcement mechanisms will BoG employ? These details will become clearer as parliament begins its review process.

For now, virtual asset service providers operating in Ghana should prepare for a regulated future. The mandatory registration exercise was likely just the beginning. Once the VASP Act passes, operators will need to meet licensing requirements, implement compliance systems, and adapt business models to regulatory standards.

BoG’s dedicated online portal, when launched, should provide clarity on compliance expectations. Industry players would be wise to engage with that platform early and participate in awareness activities the central bank plans to conduct.

The cryptocurrency sector has matured considerably since Bitcoin’s emergence over a decade ago. What began as an experimental technology has evolved into a significant financial ecosystem. Ghana’s move toward formal regulation acknowledges that reality while attempting to shape how digital assets integrate into the country’s financial system.

Whether parliament will pass the bill in its current form remains uncertain. Legislative processes can be unpredictable, with amendments possible as different stakeholders weigh in. But BoG’s completion of the draft represents substantial progress toward bringing regulatory clarity to Ghana’s virtual asset sector.

For international observers, Ghana’s approach may offer lessons in balancing innovation with oversight in emerging markets. The country’s experience could inform regulatory strategies across Africa as the continent grapples with cryptocurrency’s rapid adoption.

The Ketu North District Police Command has launched investigations into the death of an eight-year-old girl, allegedly linked to assault by her father at Dzodze-Fiagbedu in the Volta Region.

Reports indicate that on September 28, 2025, at about 0730 hours, an informant alerted Assistant Superintendent of Police (ASP) Emmanuel Habada, the District Crime Officer, that Thomas Gbemu, father of the deceased, had allegedly beaten his daughter, Ivy Gbemu, a Class Two pupil of Dzodze Demonstration School, on September 26. 

It said the child died the following day, September 27, at about 1500 hours.

Upon receipt of the information, ASP Habada led officers to the residence of the suspect but did not find him. 

A family source told the Ghana News Agency that the deceased child had returned from school on September 25 complaining of illness, and that her father purchased medication from a chemical shop as first aid.

A search of the room, where the child reportedly died by the Police uncovered some medicines- Efpac Junior Oral Suspension Syrup, Antipa LadiqueTablets, and Wonderful No. 1 Ointment, which have been retained as evidence by Police.

The Police, together with a relative of the deceased, proceeded to the morgue at St. Anthony’s Hospital, where the body was identified.

Dr. Samuel Owusu, who examined the body, found marks of assault on both arms of the child. The body has since been preserved at the hospital morgue pending autopsy.

The Police said efforts were underway to trace and arrest the father, who is currently at large.

ASP Mr. Emmanuel Habada confirmed to the Ghana News Agency (GNA) that the matter was currently under active investigation.

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Mojo Payments LTD, a leading payment service provider, has officially launched the MojoPay Innovation Hub, a pioneering initiative designed to accelerate innovation, entrepreneurship, and digital financial inclusion in Ghana and across Africa.

The Hub is envisioned as a collaborative ecosystem where startups, innovators and industry players can access resources, mentorship, and partnerships to scale solutions that address Africa’s most pressing challenges in financial technology, commerce, and livelihoods.

To bring this vision to life, MojoPay has partnered with MEST Africa, the pan-African technology training and incubation program; the Association of Ghana Startups (AGS), the national body advocating for entrepreneurship in Ghana; and the Global Impact Accelerator Corp (GIAC), an international accelerator dedicated to supporting high-impact ventures in emerging markets.

The Hub also welcomes a growing community of innovators and early members, including Agropayy, a digital payment and agritech platform supporting farmers and Agro-businesses, and Laterpay, a buy-now-pay-later (BNPL) solution tailored for African markets.

“The MojoPay Innovation Hub is designed to be a launchpad for entrepreneurs building Africa’s digital future,”. Through our partnerships with MEST, AGS, GIAC, and visionary startups like Agropayy and Laterpay, we are creating an ecosystem that supports innovation from concept to scale with the right infrastructure, mentorship, and market access,” said Saqib Nazir, CEO, Mojo Payments Ltd.

Focus Areas of the Hub

The MojoPay Innovation Hub will support startups and innovators across seven key pillars including: Startup Acceleration which is a mentorship, capacity building, and market entry support, Technology & Product Development, leveraging MojoPay’s infrastructure for scalable solutions, Regulatory & Compliance Support, helping startups navigate licensing, governance, and industry regulations, Business Advisory, strategic guidance on operations, fundraising, and business modelling, Access to Capital, linking entrepreneurs with local and global investors, Demand Generation, enabling startups to connect with customers through campaigns and partnerships and Community Building & Policy Advocacy, by fostering collaboration among regulators, investors, and industry leaders.

Through this holistic approach, the Hub aims to position Ghana as a hub for inclusive fintech innovation and digital entrepreneurship, while creating scalable opportunities across Africa. The Hub will kick off with a series of events, workshops, and accelerator programs in the coming months.

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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.

A fresh petition has been submitted calling for the removal of Supreme Court Justice Emmanuel Yonny Kulendi over allegations of misconduct and conflict of interest in the high-profile ambulance procurement case involving Minority Leader Dr. Cassiel Ato Forson.

The petitioner accused Justice Kulendi of compromising judicial ethics by being involved in matters connected to the prosecution of his cousin, despite not directly adjudicating the case.

The complainant accused Justice Kulendi of improper interference in proceedings at the High Court in the ongoing ambulance scandal case, Republic v. Cassiel Ato Forson & 2 Others

“This conduct violates several provisions of the Code of Conduct for Judges and Magistrates and has erodedm public confidence in the judiciary’s intergrity, impartiality and independence, which are principles upon which the justice system is founded.”

The petitioner argued that the appearance of divided loyalty by a Supreme Court judge, particularly in a case involving his blood relative, threatens the legitimacy of the entire legal system.

The petitioner further attached several documents in support of his claims, including:

The ruling of the High Court, Accra, dated June 6, 2024, the cross-examination of Richard Jakpa by the Republic in Republic v. Cassiel Ato Forson & 2 Others, evidence of WhatsApp conversations between Richard Jakpa and the former Attorney-General and Minister for Justice and the affidavit filed by the Republic in Republic v. Cassiel Ato Forson & 2 Others.

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Five hundred Ghanaian students and teachers received life-changing news today as MTN Ghana Foundation announced scholarship awards covering tuition, accommodation, and living expenses through its flagship Bright Scholarship Scheme.

The telecommunications giant selected 300 students and 200 teachers pursuing further studies from an impressive pool of 3,691 applicants across 45 public tertiary institutions nationwide. After rigorous evaluation, 1,200 candidates made it to the interview stage before the final 500 were chosen.

Each recipient walks away with comprehensive support that goes beyond just tuition fees. The package includes accommodation costs, semesterly stipends for living expenses, and a laptop to ensure beneficiaries can fully participate in today’s digital learning environment.

“The Bright Scholarship reflects our relentless commitment to education,” said Adwoa Afriyie Wiafe, Chief Corporate Services and Sustainability Officer at MTN Ghana, speaking at Tuesday’s awards ceremony in Accra. “You are the garden we are cultivating today, and we expect to reap a harvest of well-prepared students ready to achieve the best in the years ahead.”

Her remarks captured what many in the audience already felt—that this initiative represents far more than corporate charity. It’s about removing the financial barriers that prevent brilliant minds from reaching their potential.

MTN Ghana Chief Executive Officer Stephen Blewett reinforced this vision, pointing to the harsh realities many students face. “Financial difficulties, limited resources and uncertainty often stand in the way of their dreams,” he explained. “That is why MTN Ghana Foundation established the MTN Bright Scholarship Scheme, to remove these barriers and give brilliant students a fair chance to succeed.”

The program’s impact extends beyond individual beneficiaries. Dr. Emmanuel Newman, Director of Tertiary Education at the Ministry of Education, praised the initiative as a model for corporate-government collaboration. Speaking on behalf of the Education Minister, he noted that the Foundation’s “deliberate investment in education, particularly its focus on empowering young people, is laudable.”

What makes this year’s announcement particularly significant is MTN’s expanded commitment to supporting teachers alongside students. The 200 teacher scholarships recognize that investing in educators creates multiplier effects throughout Ghana’s education system.

The Bright Scholarship didn’t start with MTN, though. It evolved from the Scancom Scholarship Scheme, which had already supported over 1,000 students before MTN relaunched it in 2018. Since that relaunch, another 720 students have benefited from the program.

But here’s where it gets really interesting: MTN Ghana Foundation isn’t slowing down. The organization has committed to scaling up dramatically, with plans to award 1,500 scholarships over the next three years. That’s triple the current year’s allocation, signaling the Foundation’s growing confidence in the program’s impact.

Tuesday’s ceremony drew an impressive roster of education stakeholders and government officials. Among the dignitaries were Hon. Frank Amoakohene, Ashanti Regional Minister; Dr. Godwin Utuka, Director of Academic Affairs at Ghana Communication Technology University; and Dr. Elizer T. Ameyaw Buronyah, Director of Public Affairs at the University of Ghana.

Representatives from beneficiary institutions attended alongside MTN executives, staff members, and—perhaps most importantly—the families and friends who’ve supported these scholarship recipients throughout their academic journeys.

For the 500 new beneficiaries, today marks the beginning of educational opportunities they might have otherwise struggled to afford. With tertiary education costs continuing to rise, these scholarships provide more than financial relief; they offer peace of mind that allows students to focus entirely on their studies rather than worrying about next semester’s fees.

The Foundation’s commitment to both students and teachers reflects a sophisticated understanding of educational development. While student scholarships create immediate opportunities, teacher scholarships build long-term capacity within Ghana’s education system. Those teachers will return to classrooms across the country with enhanced qualifications, potentially impacting thousands of students throughout their careers.

MTN Ghana Foundation, established in November 2007, focuses its corporate social investment across three key areas: health, education, and economic empowerment. Since inception, the Foundation has undertaken 178 major projects nationwide, making it one of Ghana’s most active corporate citizenship programs.

As Ghana continues grappling with education affordability challenges, private sector initiatives like the Bright Scholarship become increasingly vital. They complement government efforts while demonstrating how corporate resources can drive social impact beyond profit margins.

For this year’s 500 recipients, the message is clear: their academic dreams now have the financial backing they need. What they do with that opportunity will be up to them.

Minister for Fisheries and Aquaculture, Emelia Kobiaba Arthur has reaffirmed Ghana’s intensified efforts to tackle illegal activities plaguing its marine territories, with a renewed focus on cross-agency cooperation and regional collaboration.

Speaking to journalists at the Kofi Annan International Peacekeeping Training Centre (KAIPTC), the Minister reaffirmed Ghana’s commitment to safeguarding its sovereignty and marine resources.

“All the illegal activities going on in the oceans we as Ghana, as a sovereign nation are committed to working as best as possible to deal with the issues,” she said.

“Especially through the Fisheries Ministry, the Ministry of Transport, the Ministry of Defence under which maritime security falls, and the Ministry of the Interior, which oversees the Marine Police.”

The Minister acknowledged the vastness of Ghana’s maritime domain and the complexity of managing transnational waters, particularly in regions like the Gulf of Guinea and the Atlantic Ocean.

She highlighted recent successes in maritime enforcement, referencing her experience aboard the French naval vessel Tonnerre, which intercepted illegal activities en route.

“It was an honour to be on the ship Tonnerre — amazing. And it’s worth noting that on their way, they even came across illegal activities on the ocean and dealt with it,” she said.

The Minister also lauded the current training programme at the Sirene Academy, noting the participation of Ghanaian personnel.

“I am happy to announce that there are three Ghanaians who are part of this training cohort one from the Ghana Navy, one from the Ghana Air Force, and the other from the Maritime Authority. Their capacities are being strengthened.”

She underscored the severe impact of illegal, unreported, and unregulated (IUU) fishing on the country’s economy and national security.

“The activities of illegal fishing are affecting the country negatively it’s leading to fish stock depletion, reduced catches, and ultimately harming people’s livelihoods,” she explained.

She noted that Ghana’s artisanal fishing sector comprises some 14,000 canoes, each with a crew of at least ten.

“Each of those ten crew members has about ten dependents,” she said. “As fish stocks deplete, you are actually seeing these people affected socially and economically.”

To clamp down on illegal operations, she revealed that the Ministry has suspended the licences of four industrial fishing vessels for various infractions.

Additionally, individuals involved in unlawful practices are currently facing legal action.

“The Fisheries Enforcement Unit (FEU), led by the Navy, has been out there dealing with wrongdoings, and we are dealing with them as best as we can,” the Minister stated.

She reiterated Ghana’s dedication to maritime security and sustainable fisheries management, calling for ongoing cooperation both domestically and across regional borders.

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.

 MR Daniel Marfo Ofori-Atta, a Ghanaian citizen, has petitioned the Director-General of the Criminal Investigations De­partment (CID) of the Ghana Police Service to investigate and prosecute two persons, includ­ing Justice Yonny Kulendi of the Supreme Court, for alleged obstruction of justice.

The other person cited in the petition is Mr Richard Jakpa, Director of Operations at the National Security Council, who is alleged to be a cousin of Jus­tice Kulendi.

The petition relates to the trial of the Republic vs Dr Cas­siel Ato Forson and two others concerning the procurement of 200 ambulances between the Government of Ghana and Holy Sea Limited.

According to Mr Ofori-Atta, from the first day the accused were arraigned before the High Court on January 18, 2023, Mr Jakpa “deployed the highly influential Justice of the Su­preme Court, Yonny Kulendi, to obstruct the course of justice” with the ultimate aim of either securing the discontinuance of his prosecution by the then Attorney-General, Mr Godfred Yeboah Dame, or obtaining an acquittal.

The petitioner contends that the alleged conduct of Justice Kulendi and Mr Jakpa amounts to interference with legal proceedings. He has, therefore, urged the CID to investigate the matter and initiate prosecutions if necessary.

“I respectfully request you to conduct an investigation into the conduct of Justice Yonny Kulen­di and his cousin, Richard Jakpa, to unravel all acts of criminality disclosed by their conduct, and take such prosecutorial action as is consistent with law,” Mr Ofori-Atta stated.

He added that he was pre­pared to assist investigators with relevant documents, exhibits, and records of proceedings in the Republic vs Cassiel Ato Forson & 2 Others trial.

Mr Ofori-Atta further alleged that on January 18, 2023, after Mr Jakpa’s arraignment, he sought the help of his cousin, Justice Kulendi, to prevail upon the Attorney-General to facilitate his release although he had not met bail conditions.

The petitioner also alleged that Justice Kulendi personally went to the office of Mr Dame to make that request.

During the trial, Mr Jakpa is said to have admitted un­der cross-examination that he obtained Mr Dame’s telephone number from Justice Kulendi, after which he attempted to meet the Attorney-General and sent him numerous WhatsApp messages.

Moreover, Mr Ofori-At­ta claimed that between their first contact and June 18, 2024, Mr Jakpa sent 68 WhatsApp messages to Mr Dame, who only responded twice.

When Mr Dame declined to meet Jakpa, Justice Kulendi allegedly lured him into at least four meetings at his residence, during which Jakpa would be invited secretly and efforts made to influence the case.

The petitioner maintains that these actions, as borne out by court records, amount to crimi­nal obstruction of justice.

BY MALIK SULLEMANA

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By Ewoenam Kpodo, GNA 

Ho, Oct. 01, GNA – Utility companies in Ghana have appealed for public support on their proposed tariff increase, saying that would allow them to generate more revenue for investment and service improvement. 

The Volta River Authority (VRA), Ghana Grid Company (GRIDCo), Electricity Company of Ghana (ECG) and Ghana Water Company Limited (GWCL) respectively, justified their demands                                                                      for adjustments in the tariffs, citing rising operational costs and infrastructure maintenance needs. 

At a public hearing on the Multi –Year Tariff Order for 2025-2029/2030 organised by the Public Utilities Regulatory Commission (PURC) Tuesday, in Ho, they presented to the participants their initiatives since the last tariff review in 2022, their challenges, planned initiatives and the benefits thereof for consumers. 

 The ECG, proposing a 225 per cent increase in its distribution service charge, described the current tariff as woefully inadequate, which could not represent the actual cost of electricity provision. 

Mr Michael Okley, the General Manager for Financial Planning, ECG during a presentation said the power distributor in 2023, lost about 700 electricity poles (estimated at a cost of GH¢560,000.00) to bushfires in Volta Region alone, deemed to have been caused by activities of farmers, palm wine tappers, hunters and nomads. 

He said ECG undertook projects including system automation, voltage improvement and commercial improvement works from 2022 and expected that the proposed new tariff would help it carry out other projects to ensure constant and reliable electricity supply to consumers. 

Mr Michael Tawiah Klutse, the Chief Manager for Corporate Planning, Monitoring and Evaluation at GWCL, said the Company was seeking a 280 per cent increase in water tariff over increased operational costs, particularly for water treatment chemicals and infrastructure maintenance among others saying, not just water but “clean water is life.”  

It said adjusting the current tariff of GH¢5.28 per 1,000 litres to GH¢20.00 per 1,000 litres would help them make the right investment to promote water production and distribution across the country. 

The VRA, seeking approval to raise its Bulk Generation Charge from 45.0892 pesewas per kilowatt-hour to 71.8862 pesewas per kilowatt-hour (representing 59 per cent) explained that the current tariff was challenging its provision of reliable power and servicing its financial obligations. 

It mentioned projects like the Sea Water Reverse Osmosis at Aboadze and the AMERI Relocation Phase 1 since the last tariff increment and noted it needed more revenue to implement other projects including construction of mini grids to cater for the power needs of island communities. 

GRIDCo, seeking an increase in its transmission service from 5.6422 pesewas per kilowatt-hour to 12.9768 pesewas per kilowatt-hour (representing 130 percent), said the proposal was critical for the company’s survival and investment needs. 

Participants during the forum expressed disappointment with the proposals saying, they were excessive and would worsen the economic conditions, especially for artisans and would only deepen the “struggles of the ordinary Ghanaian.” 

One of them, Madam Philomena Mordey, a representative from Roman Catholic Church, Ho Diocese said the utility providers all the time used “service improvement” as a bait to increase their tariffs but ended up giving poor services. 

Mr Moses Asaga, the Board Chairman, PURC refuted claims that the Commission had always been on the side of the utility companies, noting that PURC aimed to balance economic realities with social considerations to protect both consumers and service providers. 

Nana Yaa Jantuah, the Chairperson of the Stakeholder Committee, PURC, said the public hearing at Ho, which was the third to be held, formed part of a nationwide process to review the proposals submitted by the utility companies, saying such increments presently remained as mere proposals. 

GNA 

Edited by Maxwell Awumah/ Christabel Addo 

A new study has revealed that about 60% of African-focused investment vehicles are domiciled outside the continent.

The report, commissioned by the Mastercard Foundation in partnership with Mennonite Economic Development Associates (MEDA) and conducted by a team of experts from Momentus Global, Samawati Capital Partners and Stafford Law, found that this trend was a significant obstacle to the provision of capital to Medium and Small Scale Enterprises (MSMEs) in countries across the continent, particularly those owned by women and the youth.

The 190-page report, titled “Study on Africa as a Jurisdiction for Domiciliation of Investment Vehicles” identifies how the domiciliation of investment vehicles could boost economic growth across the continent.

The report covers 13 African investment destinations, including Ghana, Ethiopia, Nigeria, South Africa, Senegal and Morocco, assessing their viability for domiciliation and providing suggestions to ensure they are ready to capitalise on domiciliation opportunities for economic advancement.

Ghana, it noted, and other high-potential jurisdictions like Cape Verde, Uganda, and Rwanda had demonstrated a “proactive approach to building regulatory environments conducive to attracting foreign investment and have prioritised creating ecosystems that foster foreign and pan-African Investment Vehicles.”

The President and CEO of MEDA, Dr. Dorothy Nyambi said, “It is time to enhance Africa’s competitiveness and increase capital mobilisation through strategic investment vehicle domiciliation. Transforming the investment landscape for African-owned and women-led investment vehicles will strengthen MSMEs that generate dignified and sustainable jobs for women and youth across Africa.”

The report provided country-specific recommendations to boost domiciliation prospects and called for concerted and deliberate actions by various stakeholder groups and advocacy agents.

Among the measures recommended for implementation in Ghana were the promulgation of the Limited Partnership Law and Trust Law to expand the permissible legal structures for funds and provide alternatives for Fund managers and investors.

The report also pushed for the establishment of an Accra International Financial Centre framework to provide a dynamic and investor-friendly business environment and adaptable regulatory frameworks.

The Lead Counsel at Stafford Law, Maame Tutua Dadson, explained that domiciliation could help address youth unemployment by enabling MSMEs to procure enough capital to be able to offer sustainable jobs to young people across the continent.

“Africa’s youth face significant barriers to decent work. MSMEs are effective at producing inclusive jobs but have limited access to affordable finance. That is hindering African entrepreneurs from starting, growing and scaling high-potential enterprises,” she said.

The release of the full study is part of a three-year initiative, led by MEDA, to apply key learnings from the Mastercard Africa Growth Fund’s efforts to catalyze risk capital. Over the next year, the initiative will engage the growing African investment ecosystem in changing regulations and policies to support the expansion of domiciliation in Rwanda, Ethiopia, Ghana, Kenya, Nigeria and West Africa Economic and Monetary Union (WAEMU) countries including Senegal and Côte d’Ivoire.

In parallel, the African Crowdfunding Association will work to change regulations around crowdfunding that further expand policy options for African IVs.

“Our collaborative team will be engaging directly with decision-makers to find ways to enhance their regulatory and policy environments to be more welcoming to African domiciles that strengthen the capacity of IVs to deploy more capital and expand access to funding for women-led enterprises,” said Diana Smallridge, CEO of Momentus Global and a contributor to the study.

The release of the study was part of a pan-African webinar co-hosted by the Collaborative for Fund Domiciliation in Africa, MEDA and the Africa Impact Investing Group, with network partners African Venture Capital Association (AVCA) and the African Venture Philanthropy Alliance (AVPA).

Download a summary of the report HERE.

Ghanaian Afrobeats and R&B artiste, KiDi, says the country does not have a proper music industry, citing the absence of structures to support the growth of musicians.

Speaking on Daybreak Hitz with Doreen Avio and Kwame Dadzie, the hitmaker lamented the lack of systems that should anchor the industry beyond the individual efforts of artistes.

In his view, although creatives are working hard, the absence of a structured system makes the sector unattractive to investors.

“Every musician in Ghana has to fend for themself and strive their way with individual resources due to the lack of a structure,” he said.

Explaining the kind of structures he referred to, KiDi pointed to poor royalty collection and weak industry support mechanisms.

He further argued that the struggling music space often turns around to criticise artistes unfairly, even though the ecosystem that should support them has failed to function as an industry.

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.

A senior lecturer at the University of Ghana, Dr Rebecca K. Steele-Dadzie of the Department of Diabetes, has warned that unhealthy eating habits, including excessive consumption of processed and fatty foods, frequent eating out, and misuse of herbal medicines, are harming kidney function and driving a rise in chronic diseases such as hypertension, diabetes, and obesity.

Speaking on the topic “To Eat or Not to Eat: Dietary Habits and the Courting of Kidney Diseases,” Dr Steele-Dadzie highlighted a growing trend of kidney-related illnesses, including acute kidney injury and kidney stones.

She linked these conditions to poor hydration, unsafe traditional practices, and even excessive Vitamin C intake.

Chronic kidney disease in Ghana: Treatment challenges and prevention tips

According to a report by graphic.com.gh on October 1, 2025, kidney health in Ghana is increasingly threatened by poor hydration, excessive protein intake, and high consumption of salt and sugar.

“Chronic kidney injury is a more sudden kind of loss of kidney function, and usually it’s due to an underlying cause,” she explained.

She stressed that dehydration is a key risk factor in tropical regions, where climate change exacerbates challenges in accessing clean drinking water.

Chronic kidney disease affects 10% globally, 13% in Ghana – Specialist

“In our part of the world, especially in the tropics, climate change makes things more challenging, even as basic as getting enough drinking water. But staying healthy starts with staying hydrated,” Dr Steele-Dadzie noted.

“The kidneys cannot handle concentrated blood if you are not drinking enough water. Eventually, this can lead to acute kidney injury. So, we need to take in sufficient water,” she advised.

Dr Steele-Dadzie urged Ghanaians to adopt healthier diets, reduce reliance on processed foods and herbal concoctions, and prioritise hydration to protect their kidneys and overall well-being.

MRA/MA

‘Stop the crocro the john attitude’ – Watch as Kofi Kapito blasts Sam George over DStv saga

The National Labour Commission (NLC) has directed the Ministry of Transport to immediately engage the Management and Workers’ Union of the Ghana Railway Company Limited (GRCL) to agree on a payment plan for 12 months of outstanding salaries, as well as subsequent payments.

In a statement issued on Wednesday, October 1, the Commission said: “The Ministry of Transport should engage Management and the Workers’ Union of Ghana Railway Company Limited (GRCL) in order to come up with a payment plan for the 12 months outstanding salaries as well as payment of subsequent salaries.”

The directive follows a strike notice issued by the Railway Workers’ Union, effective September 30, 2025, over unpaid wages and growing concerns about job security.

The NLC noted that GRCL workers have not received salaries for a year, stressing that as the sole shareholder, the government must take responsibility for the company’s liabilities.

“If the GRCL cannot pay its workers, then it is the responsibility of the Government as the sole shareholder to assume that liability,” the Commission stated.

The Commission warned that failure to resolve the arrears could worsen the situation:

“If the outstanding salaries are not paid, the salary arrears would continue to accumulate, which would make things very difficult for the parties.”

It further highlighted that the lack of work has heightened fears of job insecurity among staff, urging all parties to also discuss the long-term sustainability of the company.

The NLC gave the Ministry and the workers’ union one week to report on the outcome of the engagements, adjourning the matter to Thursday, October 9, 2025, at 1:00 p.m.

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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.

Talented Ghanaian forward Thomas Ali has joined Spanish outfit CD Leganes. 

The young forward moves to the Spanish outfit from Ghanaian lower-tier side Nice Ibrahim Sporting Club.

Ali is expected to start his career in Europe with the youth team of Leganes as he continues his development.

“Congrats to our striker Thomas Ali. Best of luck on your first season at CD Leganes,” wrote Nice Ibrahim SC on social media.

His departure comes days after midfielder and Black Satellites player Amer Michael Mahama also left Nice Ibrahim SC to sign for French club USL Denkerque. Both players were integral to the club last season but leave for further their careers abroad.

Meanwhile, Ali will be hoping to make a quick breakthrough to the first team of CD Leganes.

Leganes compete in the Segunda Division of Spanish football following their demotion from La Liga.

The Aliu Mahama Stadium will be the stage for a heated derby as Tamale City FC face sworn rivals Real Tamale United (RTU) on Matchday Two of the 2025/26 Access Bank Division One League Zone One.

Both sides, former Premier League outfits, are chasing a swift return to the top flight after near misses last season.

RTU, who lost out to Techiman Eleven Wonders in the playoffs, endured a disappointing start to the new campaign, failing to secure even a point at home against Sankara Nationals. Tamale City, by contrast, made a flying start with a hard-fought win over Bolga All Stars and will look to build on that momentum in front of their fans.

Derbies between the two Tamale giants are known for intensity, drama, and passionate support, and Sunday’s clash promises to be no different.

Elsewhere in Zone One B, William Amoako’s 70th-minute strike gave Legon Cities a debut win over Wamanafo Mighty Royals. The Royals, relegated last season, will visit Berekum Arsenal in search of redemption.

Northern City, fresh from a 4-0 thrashing of TF Exponential FC, meet Yapei United, while Mighty Royals host Techiman Liberty Youth. Debibi United will also play Victory Club Warriors.

By Eunice Hilda A. Mensah

Accra, Oct.01, GNA – Mr Peter Frimpong Manso, the Lead Organiser, the Digital Assets Summit Africa (DASA) 2025, has called on Africa to lead with solutions that reflects its realities and aspirations and not be a bystander in the digital financial revolution. 

“Around the world, digital assets are redefining how people pay, save, invest, and trade. Global adoption has already surpassed half a billion users. Meanwhile, central banks from Asia to Europe are rolling out digital currencies. If Africa waits too long, we risk being shaped by frameworks we did not help design,” he added. 

Mr Frimpong Manso made the call at a two-day DASA 2025 held in Accra to create a trusted platform where policy, innovation, and investment converged to shape Africa’s place in the global digital economy.  

The conversation around digital assets, he said was not just about technology, but also about inclusion, trust, jobs, and sovereignty.  

“It is about ensuring that the farmer in Tamale, the trader in Accra, and the entrepreneur in Lagos can benefit from a system that is faster, safer, and more open,” he added. 

Mr Frimpong Manso, also the Chief Executive Officer of Promark Elite Ltd, underscored that the urgency of adoption was clear and whether it was lowering the cost of remittances, unlocking new trade finance opportunities under Africa Continental Free Trade Area, or expanding access to credit through tokenised assets, digital finance could help to solve long-standing challenges that had held back Africa’s economies.  

“But this will only happen if we work together with regulators, banks, innovators, and citizens, with shared vision and responsibility. 

Mr Frimpong Manso who officially launched DASA as an annual platform, said it was a permanent fixture for Africa’s digital finance ecosystem and would continue to be the stage where policymakers, innovators, investors, and thought leaders gathered to chart the way forward. 

Mr Harold Adlai Agyeman, the Ambassador and Permanent Representative of Ghana to the United Nations, speaking on the, “Impact of Digital Assets in Africa’s Burgeoning Market”, said an annual growth rate of 6.37 per cent was anticipated for 2025- 2026 and the user penetration rate was projected at 5.5 per cent for 2025 and 5.9 per cent for 2026. 

By some projections, he said the digital assets market in Africa would reach US$5.6 billion by the end of year with nearly 76 million users by 2026.  

However, it had placed aside total market capitalization of US$2.7 trillion in 2024, and a digital assets custody of around US$708 billion by the end of this year, adding that there was much room to grow. 

Mr Agyeman noted that the scope for growth for the digital assets market on the continent of Africa was one that all must work towards, especially given that, thus far the market had been concentrated in key regional hubs like Nigeria, South Africa, Ethiopia, Kenya and Ghana. 

“Even as institutional interest grows, fuelled by better infrastructure and evolving regulations, we continue to see a dominance of stablecoins in the African digital assets market, particularly those pegged to the US dollar, which accounts for nearly half of all digital transactions,” he said. 

Africa, he noted was indeed experiencing a digital revolution, with mobile penetration, fintech adoption, and blockchain innovation accelerating.  

“I believe that the digital assets spectrum remains relevant to deepen financial inclusion on the continent; facilitate the expansion of cross-border trade, in addition to the Pan-African Payments System of the African Continental Free trade Area, anchored on the AFRIEXIM Bank settlement system…,” he added. 

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Promark Elite Ltd, the organisation behind DASA is an African-owned company committed to curating platforms that bring together the best of thought leadership, innovation, and partnerships to advance sustainable growth.  

In the years ahead, DASA anticipates evolving into more than a summit to becoming a network, a knowledge hub, and a catalyst for policy and investment collaboration across Africa.  

GNA 

Edited by Linda Asante Agyei