The group have undertaken a number of community services in Ghana

The official Manchester United fan group in Ghana, the Ghana Manchester United Supporters’ Club (GMUSC), are set to mark Ghana’s 68th Independence Day with a host of activities.

The group will team up with the popular clean-up group Buz Stop Boys and Honeysuckle, on March 6, 2025, to undertake a massive clean-up exercise in Accra.

GMUSC and their partners will comb the streets of La in Accra between the hours of 6am and 10am on March 6, 2025, to undertake voluntary cleaning duties.

After the clean-up exercise, the group will then host a series of games and entertainment activities at Laboma Beach in Accra.

Under the leadership of the renowned football agent and administrator Samuel Anim Addo, GMUSC have impacted lives in various communities in the country with donations, the construction of boreholes, and other projects.

Let’s make our community a better place, one clean-up at a time!

– Clean-up exercise: 6am-10am at LA, OPPOSITE PURPLE PUB 🧹
– Fun games & activities: 10am-5pm at LABOMA BEACH 🏖️

Bring your family, friends, and a smile!

Partnered with Buz Stop Boys and Honeysuckle 🤝 pic.twitter.com/CMpOKXEDDo

— Ghana Manchester United Supporters’ Club(Official) (@GhanaMUSC) February 28, 2025

Meanwhile, watch as Ghanaians debate the appointment of Jordan Ayew as Black Stars below:

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EK

By Jibril Abdul Mumuni

Accra, March 3, GNA – Dr Cassiel Ato Forson, the Finance Minister, says Ghana’s energy sector is facing a critical financial crisis, described as a “ticking time bomb,” largely due to non-cost reflective tariffs and unsustainable energy subsidies.

He highlighted the sector’s dire financial state, noting that the projected cumulative financial shortfalls were expected to exceed nine billion dollars by 2026, even with government’s interventions.

Dr Forson said this on the first leg of the two-day National Economic Dialogue ongoing at the Accra International Conference Centre.

“The energy sector in Ghana has become a ticking time bomb. More than two per cent of GDP every year. Every year, the profits of the energy sector will probably fall back on the legal side. For citizens, we require radical measures,” he said.

He pointed to the Electricity Company of Ghana (ECG) as a key area of concern, highlighting significant distribution and collection losses.

“Currently, only 62 per cent of total energy purchase by ECG is collected, leaving out probably 62 per cent. 65 per cent of that amount is used to pay for supplies through the cash quarter for mechanism,” Dr Forson said.

“Unfortunately, 35 per cent of ECG’s revenue is used to take care of ECG themselves over times that they don’t actually work,” he said.

Dr Forson expressed concern over the non- reflective tariffs on the true cost of service provision.

“In most reflective tariffs, about 50 per cent of cost of service provision is not for us to expect. However, I still maintain that tariffs should not be used to reward ECG’s inefficiencies and other inefficiencies in the system,” he said.

He revealed that unpaid legacy arrears in the energy sector stood at $1.3 billion at the end of 2022, with annual cumulative sector shortfalls reaching $2.2 billion in 2024, despite substantial government transfers.

The Finance Minister attributed the sector’s woes to a combination of factors, including the lack of political will to implement cost-reflective tariffs, limited renewable energy capacity, and inefficiencies within ECG.

He called for urgent and radical measures to address the crisis and prevent further financial strain on the economy.

“Having generational costs due to lack of politicians and limited renewable capacity in the energy mix is a problem. Having distribution and collection losses at ECG is also a problem,” he said.

Dr Forson stressed the need for a comprehensive approach to reform the energy sector, including addressing inefficiencies, promoting renewable energy, and implementing sustainable tariff policies.

He warned that without immediate action, the sector’s financial challenges would continue to escalate, posing a significant risk to Ghana’s economic stability.

GNA

Ghana welcomes the latest delivery of advanced military equipment from the European Union. The deliveries bolster Ghana’s capacity to safeguard its people from security threats, and positively impact the sub-region.

The equipment also sends an important political signal and partnership offer to the new administration, in recognition of Ghana’s stability and confirmed democratic credentials.

The European Union and Ghana have a lot in common. They both face conflict at their doorstep, and are both committed to building bridges in the face of shared challenges like international terrorism, global pandemics, or climate change. To the European Union, Ghana constitutes a preferred political partner and ally that has consistently championed multilaterism, the rule of law, and peace through regional integration.

Ghana: Anchor of Democracy and Stability 

Ghana’s peaceful transfer of power in December and January presented an important lesson not just to West-Africa, but to the world over. In a region grappling with political turbulence, and a world where power balances are rapidly shifting, Ghana remains an appealing partner to European friends devoted to peace, mutual respect, and human rights.

Ghana is a self-confident and respected international partner. Its contribution to peacekeeping, dialogue and regional integration underscores its commitment to international order. That is why the European Union views Ghana not just as an economic or trade partner, or a recipient of development aid, but as a true ally in a turbulent world.

Protecting Stability, Investing in Peace

The advanced military equipment, worth over GHS 800M, is part of a broader GHS 10B EU commitment to strengthen peace and security across the Gulf of Guinea. Recently, the EU delivered 105 militarised vehicles, 20 motorbikes and 150 radio-communication devices, with additional equipment arriving later in 2025. EU support to Ghana’s security transcends hardware. Well over 30 programs contribute to training, border security, maritime security and mediation support, empowering Ghana’s conflict prevention capabilities, and advancing the human security of its people.

Through one of the projects (NORPREVSEC), the EU conducted 34 training sessions with 1,400 personnel from all the security agencies in the five regions of northern Ghana. The EU provided trainings on conflict prevention and risks of radicalisation to 625 paramount chiefs and queen mothers, and 140 youth. Crucially, this aligns with the EU’s philosophy of backing “African solutions to African problems.”

Lasting peace requires more than arms. It demands addressing root causes of conflict: inequalities, unemployment, and distrust. In northern Ghana, the EU is investing GHS 3.5B (€220M) to improve public services, create jobs, and empower communities. These are just some of the targets covered by the EU Global Gateway, a strategy that realizes large-scale infrastructure projects through hundreds of sustainable and quality investment projects worldwide, each developed and supported by the EU and its Member States. In Ghana, Global Gateway boosts Ghana’s ambition to become a vaccine-manufacturing hub, and improves Ghana’s energy supply.

This holistic approach—blending security with diplomacy and development—reflects a shared belief that stability cannot be sustained without opportunity.

Empowering Youth, Building Tomorrow’s Economies

If security lays the groundwork for stability, Ghana’s youth will design its future. Over 60% of Ghana’s population is under 25—a demographic brimming with talent, ambition, and untapped potential. The EU routinely engages in dialogue with students, entrepreneurs, and young activists to shape the contours of the Ghana-EU partnership.

This is no one-off, but a long-term commitment to Ghana’s future generations. Over the past five years, more than 50,000 young Ghanaians have gained skills in agro-business, e-waste recycling, and renewable energy through EU programs, while 100,000 small and medium-sized enterprises (SMEs) have received support to scale innovations—from solar-powered taxis to sustainable cocoa processing.

Education exchange opportunities like Erasmus+ and other scholarships offered by EU Member States enable 1,000 Ghanaian students to study at Europe’s top universities every year, fostering bonds between future leaders. These investments are not charity or wasteful spending; they are strategic steps towards Ghana’s transformation and self-reliance, cultural exchange and future collaboration.

A Partnership of Equals – here to stay

The EU-Ghana partnership is rooted in mutual respect and shared ambition. From climate resilience to vaccine production, the EU-Ghana partnership is distinctively stable, and will not unwind anytime soon.

The EU is convinced that Africa’s future is inextricably linked to its own. Our message is clear, to President John Mahama, and to the vibrant people of Ghana: Europe stands with you, and is here to stay.

Credit The Press and Information Team of the European Union in Ghana

Gold bars and barrels of oil

President John Dramani Mahama has emphasized the urgent need to end the exportation of Ghana’s raw materials, stating that it is time for the country to shift towards value addition.

Speaking at the 2025 National Economic Dialogue in Accra on Monday, March 3, 2025, he noted that the continued export of raw materials such as gold, cocoa, and crude oil leaves Ghana vulnerable to external shocks and global price fluctuations, which in turn affect the local economy.

To address this challenge, President Mahama stressed the need for a fundamental transformation of Ghana’s economic structure to ensure sustainable growth.

“We must undertake a fundamental transformation of our economic structure. Ghana’s economy has been heavily reliant on the export of raw materials such as gold, cocoa, and crude oil, leaving us vulnerable to global price fluctuations and external shocks. We must end this dependence,” he stated.

He further emphasized the importance of transitioning from an export-driven raw material economy to an industrialized, value-added economy.

According to him, such a shift would reduce the country’s reliance on imports, create jobs, and boost exports.

President Mahama also revealed that his government plans to expand the manufacturing and agro-processing sectors to ensure that Ghana benefits more from its natural resources.

SA/MA

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The Minority has criticized President John Dramani Mahama’s decision to revoke public sector employment, accusing him of terminating jobs and creating uncertainty for young Ghanaians.

Speaking at a press conference on Monday, March 3, former Finance Minister Dr. Mohammed Amin Adam highlighted the negative impact of Mahama’s policies on job creation and economic stability.

“The termination of the jobs of young Ghanaians, which has become synonymous with President Mahama as ‘Terminator 1,’ is a sign of what is yet to come. Sacking people from employment and replacing them later with others does not amount to job creation. What the people of Ghana want are new jobs for those yet to be employed,” Dr. Adam stated.

He argued that the policies outlined by Mahama, such as “nkoko nkitinkiti,” cannot create sustainable jobs for the youth. Instead, he accused Mahama of artificially inflating employment figures by terminating existing jobs and later filling those same positions.

“President Mahama knows that the programmes he outlined in his statement – ‘nkoko nkitinkiti’ and the rest – cannot create sustainable jobs for the Ghanaian youth, hence the resort to termination of existing jobs for future replacement to shore up his job numbers,” he added.

Dr. Adam also pointed out Mahama’s double standards, recalling that in 2016, Mahama defended the right of an outgoing administration to recruit and sign deals until midnight on January 7, when its term officially ended.

He warned that these dismissals would only worsen unemployment, contradicting Mahama’s promise to fix the crisis.

“This is after President Mahama had argued in 2016 that it was legitimate for an outgoing administration to recruit and sign deals up until the midnight of January 7 the following year when its term expires.

“Not only are the double standards worrying, but the dismissals will no doubt worsen the unemployment situation which he promised to fix. The thousands who have been dismissed have been condemned to suffering and hardship,” Dr. Adam said.

Read also…

Akufo-Addo’s $8.9bn reserves key to exchange rate stability – Amin Adam

The Minority has likened President John Dramani Mahama to a “Terminator” over what they describe as mass dismissals of young Ghanaians from public sector jobs.

Speaking at a press conference on Monday, March 3, former Minister for Finance Dr Mohammed Amin Adam accused the Mahama administration of deliberately sacking employees to create vacancies for party loyalists.

Dr Amin Adam stated that it has become a well-known fact that Mahama’s government is terminating the jobs of properly employed young Ghanaians under the guise of job creation.

“Ladies and gentlemen, it is now a notorious fact that, to create vacancies for the purpose of employing NDC youth, the Mahama administration has sacked thousands of young Ghanaians who had been properly employed by the previous administration,” he asserted.

He further criticised the approach, arguing that replacing dismissed workers with new employees does not qualify as job creation.

“The termination of the jobs of young Ghanaians, which has become synonymous with President Mahama—‘Terminator 1’—is a sign of what is yet to come. Sacking people from employment and replacing them later with others does not amount to job creation,” he remarked.

The Minority also cast doubt on the effectiveness of Mahama’s proposed job creation initiatives, dismissing them as unsustainable.

“What the people of Ghana want are new jobs for those yet to be employed. President Mahama knows that the programmes he outlined in his statement—‘nkoko nkitinkiti’ [Chicks] and the rest—cannot create sustainable jobs for the Ghanaian youth, hence the resort to termination of existing jobs for future replacement to shore up his job numbers,” Dr Amin Adam concluded.

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The newly appointed Acting CEO of the Ghana Integrated Aluminium Development Corporation (GIADEC), Mr. Reindorf Twumasi Ankrah, has expressed optimism about the potential of Ghana’s Integrated Aluminium Industry (IAI) to become a leading contributor to the Ghanaian economy.

Speaking at a staff durbar organized to formally welcome him as the new CEO of the Corporation, Mr. Twumasi Ankrah noted that he is determined to continue from where his predecessor left off and will work to position GIADEC as an institution of significant national importance that ought to be supported to develop every aspect of the aluminium value chain.

“The integrated aluminium industry is a strategic national project and if fully developed, can contribute in excess of $2BN to the economy and that is something that I believe deserves the attention of any government. My immediate focus will be to ensure that every aspect of the aluminium value chain is developed to enable us to fully harness this opportunity,” he said.

Mr. Twumasi Ankrah further stated that President Mahama’s vision is to industrialize the economy and create jobs for the Ghanaian people by harnessing the country’s natural resources.

Additionally, there will be a deliberate focus on the host communities where these resources are located, ensuring that the local populations benefit from the mines and refineries which will be built.

“We will work to strengthen the relationship we have established between GIADEC, the Chiefs, and the local communities,” he added.

“This is a crucial part of our goal to ensure that our revered Chiefs and the people in these communities ultimately become the biggest beneficiaries of a functioning Integrated Aluminium Industry.”

On his part, the outgoing CEO, Mr. Michael Ansah, expressed his gratitude to the staff for their support in advancing the development of the Integrated Aluminium Industry during his tenure and expressed confidence in the ability of the new CEO to succeed in his new role.

“We have, in these past years, laid a solid foundation towards taking this country to the next level of developing an Integrated Aluminium Industry,” he said.

“With the support of every member of staff, we are proud of the extent of work done and significant milestones including the selection of strategic partners for the IAI projects.”

Mr. Ansah urged GIADEC staff to provide their maximum support to the new CEO and assist him in realizing the mission of GIADEC which is to develop and promote an Integrated Aluminium Industry in Ghana.

Background

GIADEC was established under the Ghana Integrated Aluminium Development Corporation Act, 2018 (Act 976), to develop and promote a globally competitive Integrated Aluminium Industry (IAI) in Ghana.

Ghana currently has an operational bauxite mine in Awaso and an aluminium smelter, the VALCO smelter in Tema. What is missing is ensuring a full integration of Ghana’s aluminium industry is an alumina refinery.

Mr. Twumasi Ankrah is expected to bring his wealth of experience and dynamism to bear by offering strong leadership, providing clear direction, and building upon the foundation established by his predecessor in advancing the development of a fully operational Integrated Aluminium Industry.

Reindorf Twumasi Ankrah is a distinguished lawyer with extensive experience. His expertise spans multiple legal domains, including the extractive industry, real estate, medical negligence, corporate and commercial law, dispute resolution, family law, and criminal defence.

Mr. Ankrah holds an LLM in Energy Law, an LLB, and a Bachelor’s degree in Political Science with Sociology, all from the University of Ghana.

He is currently a partner at Morrison, Twumasi & Partners, where he leads the firm’s dispute resolution and litigation division.

Over the years, he has provided legal advisory services on investment analysis, energy and mining policies, compliance, and legal risk management.

He has also played a crucial role in assisting clients with project financing, debt restructuring, and obtaining regulatory approvals.

Dr. Cassiel Ato Forson, Minister of Finance

The Minister of Finance, Dr. Cassiel Ato Forson, has acknowledged the issues saddling Ghana’s economy and the need for reforms to reset the economy.

Speaking during the opening of the National Economic Dialogue on March 3, 2025, he noted that Ghana needs reforms to become an upper-middle-class country.

He also outlined the government’s commitment to ensuring a better Ghana.

The forum is expected to discuss matters pertinent to achieving higher growth targets, reducing inflation and strengthening the local currency.

See the full text below

SSD/MA

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The Finance Minister, Dr Cassiel Ato Forson, has stated that urgent reforms are needed to address the distortions in the country’s Value-Added Tax (VAT) system.

Speaking at the commencement of the dialogue on Monday, 3rd March 2025, he said “Currently, the VAT system has been distorted, leading to very little compliance.

“The VAT gap is huge. Last year, the Ghana Revenue Authority (GRA) had planned to increase VAT revenue by 32%, but unfortunately, they only managed to achieve 17%, which is clearly below inflation. This should tell us that there is a significant problem,” he said.

He continued, emphasising the fiscal cost of taxes and the need for rationalisation, while mitigating the impact on the poor.

The Tax Assumptions Act of 2022 set out clear criteria and guidance. However, subsequent legislation introduced further tax incentives that deviate from the national tax benchmark.

Assumptions related to VAT, Personal Income Tax (PIT), and import duties are estimated to generate a loss of about 3.9% of GDP. This figure does not include corporate income taxes,” he explained.

He added, “While these assumptions were intended to provide some relief, they are costly. They create leakages, increase complexity, and distort the overall tax system.”

He also identified that the largest source of lost revenue from VAT comes from the exemption on the supply of land, which accounts for 33% of the overall cost.

“To be frank, VAT on dwellings and VAT on real estate was introduced in 2022 by the previous administration. However, as we approached the 2024 elections, they decided to abandon it. The truth is, the tax still exists but was abandoned after the elections. This alone means we have to close the gap immediately,” he noted.

He concluded by stressing “the urgent need for VAT reform to improve revenue mobilisation and ensure fairness across all sectors of the economy”

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Cassiel Ato-Forson, Minister of Finance

The Minister of Finance, Dr Cassiel Ato Forson, has noted that the recent reduction in the subscription of treasury bills has saved the country GH¢1 billion.

He added that the savings from the T-bills would be redirected to address critical areas of the economy.

During the opening session of the National Economic Dialogue on March 3, 2025, he acknowledged the significance of this financial reprieve in supporting the nation’s economic recovery.

“The recent reduction in T-bills alone is saving Ghana about one billion Ghana cedis, and that money can be channeled to critical areas of the economy,” he said.

Ato Forson also explained that this is to ensure prudent fiscal management and reduce the cost of borrowing for the government.

In recent times, the government has been rejecting bids as the demand for T-bills continues to increase.

The minister noted that lower interest rates would help ease the financial burden on the state, adding that it is a step in the right direction, and further policy interventions would be necessary to strengthen Ghana’s financial position.

SSD/MA

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The Minister for Finance, Dr Cassiel Ato Forson, has described the ongoing National Economic Dialogue as a pivotal moment in Ghana’s economic history.

Speaking at the opening session on Monday, March 3, he emphasised the significance of the forum in shaping the nation’s economic future and addressing pressing challenges.

Dr Forson highlighted the dialogue as a crucial platform for reflection, acknowledging both past economic missteps and opportunities for growth.

He stressed that the discussions would provide a roadmap for a more resilient and prosperous economy, ensuring that lessons from previous financial policies inform future decision-making.

“This dialogue is therefore an opportunity to reflect on our economic reality, address the challenges, and chart a course towards a more prosperous future for our citizens,” he stated.

“It is my hope and prayer that the lessons that will emerge from these conversations will guide our steps and that we may not repeat the mistakes of the recent past.”

The Finance Minister assured stakeholders that the government is committed to implementing the recommendations from the dialogue.

He reiterated that the insights gained would be instrumental in shaping policies, fostering economic stability, and setting the country on a sustainable path toward growth and development.

The National Economic Dialogue (NED) is being from March 03, 2025, through to tomorrow Tuesday, March 04, at the Accra International Conference Centre (AICC).

The programme, which is one of the major things promised by President John Dramani Mahama, is meant to highlight the major economic challenges facing the country and devise means that will help to address them.

This is meant to help chart a path toward sustainable economic growth.

Under the theme “Resetting Ghana: Building the Economy We Want Together,” President Mahama will outline his government’s vision for rebuilding Ghana’s economy in his keynote address at the forum.

In participation will be diverse groups of people including representatives from the private sector, academia, public policy institutions, and civil society organizations.

The discussions will be structured around thematic sessions addressing critical areas such as:

• Achieving Sustainable Macroeconomic Stability
• Promoting Economic Transformation
• Advancing Infrastructure Development
• Implementing Structural Reforms
• Ensuring Private Sector-Led Growth
• Restoring Good Governance and Combating Corruption

Government is hoping to change the economic fortunes of the country around by soliciting ideas from persons with rich economic background. Through the engagement, it is expected that consensus-driven solutions that will boost business confidence, improve infrastructure, and enhance livelihoods will be generated.

These outcomes are expected to serve as the strategy for policy implementation that will guide economic decisions and provide resilience for long-term growth.

Executive Director of the Institute of Economic Research and Public Policy, Dr. George Domfe

The Executive Director of the Institute of Economic Research and Public Policy (IERPP), Dr. George Domfe, has dismissed claims that Ghana’s economy was not adversely affected by the COVID-19 pandemic and the Russia-Ukraine war.

According to him, Ghana’s inflation rate dropped from 15.4% to 7.6% in September 2019 under the leadership of Nana Addo Dankwa Akufo-Addo, marking the lowest recorded in recent history.

Speaking on TV3’s Key Points show, Dr. Domfe stated that the outbreak of COVID-19 and the Russia-Ukraine war severely impacted the local economy, leaving it in a fragile state.

“When Nana Akufo-Addo took over in 2017, inflation was 15.4%. By September 2019, it had dropped to 7.6%, the lowest in recent history. You can verify these figures from the Bank of Ghana. COVID-19 came unexpectedly and disrupted everything. We cannot underestimate the adverse impact it had on our economy,” he said.

“By January 2022, inflation stood at 13.6%, still lower than the 15.4% inherited by Nana Akufo-Addo. However, by February 2022, it had risen to 15.7%, marking the first time in his 62-month administration that inflation exceeded what he inherited from President John Dramani Mahama. The fact that inflation reached 54% by the end of 2022 clearly indicates that external shocks were hitting the economy,” he added.

Dr. Domfe further explained that the Russia-Ukraine war worsened global economic conditions, and Ghana was no exception.

“Production levels in Ukraine dropped due to the war, triggering severe ripple effects worldwide. We cannot ignore these two major events when discussing the economic challenges faced under President Akufo-Addo,” he emphasized.

The development economist, who is also a Senior Research Fellow at the Centre for Social Policy Studies (CSPS) at the College of Humanities, University of Ghana, highlighted the resulting inflationary pressures on essential commodities.

“During this period, the price of crude oil soared from $72 to $121 per barrel on the global market. This meant that Bulk Distribution Companies (BDCs) had to purchase oil at exorbitant prices, and they couldn’t be expected to sell it cheaply. In addition, freight charges increased by 300%, yet Nana Akufo-Addo does not control shipping lines or determine their charges,” Dr. Domfe pointed out.

Addressing inflation concerns, he noted that several major economies faced similar challenges.

“Germany recorded its highest inflation in 70 years, the United States in 40 years, and the UK in nearly four decades. Inflation became a major global concern,” he said.

Dr. Domfe challenged his co-panelists and critics to propose alternative solutions for managing the economy under the circumstances the Akufo-Addo administration faced.

“Until we acknowledge the fundamental weaknesses of our economy and work towards strengthening them, we will keep revisiting these issues in the years to come. Very little could have been done to prevent the economic downturn beyond what the Akufo-Addo government implemented,” he argued.

He further stated that at the beginning of 2025, Ghana had total reserves of approximately $8.9 billion as a buffer, compared to the $6.1 billion left by the Mahama administration.

He noted that demand for the dollar surged due to increased global commodity prices caused by COVID-19 and the war in Europe.

SA/MA

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Kurt Okraku – GFA President

The Ghana Football Association (GFA) has expressed its appreciation to President John Dramani Mahama for his unwavering passion for the Black Stars and Ghanaian football, a sentiment shared by millions across the country.

In response to the President’s recent State of the Nation address (SoNA), the GFA acknowledged his remarks on the Black Stars’ failure to qualify for the Africa Cup of Nations (AFCON), agreeing that the setback does not reflect the true talent within Ghanaian football.

Despite the disappointment, the association took comfort in Ghana sitting second in their World Cup qualifying group, with just two goals separating them and first-placed Comoros.

To ensure a stronger performance moving forward, the GFA’s Executive Council has implemented measures aimed at strengthening both the Management and Technical teams of the Black Stars.

The association expects these changes to have a positive impact in the upcoming World Cup qualifiers in March and beyond.

The GFA also endorsed President’s call for greater transparency regarding the budgeting and expenditure of the Black Stars and all national teams.

It reiterated that it has consistently provided the Ministry of Sports with initial budget drafts for national teams, emphasizing that all financial transactions related to the Black Stars are exclusively handled by the Ministry.

The association affirmed its commitment to supporting the Ministry in ensuring transparency and pledged to collaborate in keeping the public informed about financial matters concerning the national teams.

Encouraged by the President’s dedication to Ghanaian football, the GFA expressed its eagerness to work closely with the Ministry of Sports and Recreation to fulfill the aspirations of Ghanaians and elevate the country’s football to greater heights.

By Wletsu Ransford