More than 30 people have been killed in a bus crash on a mountain road in Bolivia, police say.

The driver likely lost control of the vehicle, causing it to plunge almost 800 meters (2625 ft) in the southwestern district of Yocalla, an officer said.

Fourteen were also injured, including four children, an official from a local hospital said in a video.

Bolivia has notoriously dangerous roads, particularly in mountainous areas.

The accident happened between the cities of Potosi and Oruro, police said.

Officials believe that the crash could have been caused by speeding, with the driver “unable” to control the bus, police colonel Victor Benavides told the AFP news agency.

This is believed to be the most serious road accident reported in the South American country so far this year.

Local news outlet Unitel reported that several of those injured are in a serious condition.

Deadly road accidents are common in Bolivia.

Last month, 19 people were killed when another bus came off a road, also near Potosi.

Road accidents kill an average of 1,400 people every year in the country of about 12 million inhabitants, according to government data.

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Ghana stands at the face of a great transformation. A nation of promise, with a rich history and boundless potential, now finds itself at a crossroads. 

The choices made today by the new government will determine whether Ghana emerges as a shining beacon of investment and prosperity for years to come or falters under the weight of inaction. 

The time for bold leadership is now. For Ghana to fully harness its economic potential, it must prioritize regulatory stability, transparent governance, and investment-friendly policies. Without these pillars, efforts to attract and retain foreign investment will be severely hampered.

The challenge before us

For decades, Ghana has been heralded as the ‘Black Star of Africa’, a symbol of stability and economic opportunity in a volatile world. 

And yet, recent years have tested that reputation. Capital is not patriotic; it flows where it finds security and returns. The decline in Ghana’s Foreign Direct Investment (FDI) from US$1.35 billion in 2022 to US$649.58 million in 2023 (https://gipc.gov.gh/)- signals a growing apprehension among investors. 

The World Bank’s Business Ready 2024 report highlights inefficiencies in business registration, permit issuance, and market competition as significant deterrents to investment. 

These challenges create an unpredictable business environment that erodes investor confidence. The international community watches with concern as regulatory inconsistencies, prolonged arbitration disputes, and the paralysis of essential infrastructure projects cast a shadow over Ghana’s future.

The world does not stand still, and neither can Ghana. The greatest nations of our time did not rise on potential alone—they thrived because they seized their moment with clarity, vision, and determination. Ghana must do the same and the new Government has the power and I believe, determination, to do just that.

A new era of digital progress

One such moment is upon us. Ghana stands at the threshold of a new digital era with the launch of 5G services—an essential step toward accelerating data growth and driving nationwide digitalization. 

This milestone will unlock new opportunities for innovation, entrepreneurship, and economic development, positioning Ghana as a leader in Africa’s digital transformation. 

The rollout of 5G aligns with the country’s Digital Agenda 2030 and the African Union’s Agenda 2063, marking significant progress toward a more connected and prosperous future. 

Next Gen Infraco (NGIC), as the country’s only licensed 5G wholesale enabler, will play a key role in supporting this transformation.

But progress is not guaranteed. A promising future can be derailed by hesitation. If the regulatory environment remains unpredictable, if contract sanctity continues to be questioned, and if bureaucratic inefficiencies are left unresolved, then this moment of transformation will slip through our fingers. 

Investors do not seek guarantees of success, but they do demand fairness, transparency, and consistency. The government must ensure that these principles are upheld, for they are the foundation upon which great economies are built.

The gravity of commitment

One of the most pressing concerns in Ghana today is the issue of contract enforcement. The US$251 million owed to American companies, that US Senator James, E. Risch stated recently is not just a financial liability—it is a test of credibility. 

The global business community watches closely. Will Ghana reaffirm its reputation as a reliable partner, or will it send a message that agreements are fleeting and obligations optional? The answer to this question will shape our investment decisions.

Nations that uphold the rule of law flourish. Those that waver in their commitments find themselves isolated, struggling to regain trust. Every investor, whether Ghanaian or foreign, asks one fundamental question: “Will my investment be protected?” The answer must be a resounding yes, anything less will lead businesses to reconsider not only future investments in the country but, more critically, their existing commitments.

The call for leadership

Ghana is no stranger to adversity. Its people are resilient, its potential boundless. But the prosperity of tomorrow requires the courage to act today. 

The new administration has an opportunity—a duty—to take decisive steps that will shape the next decade.

First, regulatory frameworks must be strengthened and applied consistently. Policies need to be predictable, fair, and transparent.

Second, stalled infrastructure projects—especially those vital to digital and economic transformation—must be unlocked. The cost of inaction is far greater than the effort required to resolve disputes and move forward.

Third, Ghana must champion its role as a leader in Africa’s digital future. The NGIC 5G rollout is a testament to what is possible when vision meets determination. The government must work hand in hand with the private sector to build on this momentum, ensuring that connectivity infrastructure reaches every corner of the country.

A defining moment

History does not wait for those who hesitate. Ghana’s moment is here and now. The actions taken in the coming months will determine whether this nation rises as an economic powerhouse in Africa or lingers in uncertainty. 

To the policymakers, I say: choose progress over paralysis. To the regulators, I urge: uphold the rule of law and earn the confidence of investors. 

And to my fellow investors, I say: we stand ready to be part of Ghana’s future, but we do so with the expectation that our commitments will be met with the same certainty we offer in return.

Ghana’s potential is not in question. Its destiny, however, is in its own hands.

Rod Jiménez Castellanos is the International Senior Vice President Public Affairs at American Tower Corporation, overseeing strategies across 21 markets. 

Mohammed Abdul-Salam, Director General of the National Lotteries Authority

The National Association of Lotto Writers (NALWERS) has extended its congratulations to Mohammed Abdul-Salam on his appointment as the Director General of the National Lotteries Authority (NLA).

In a statement signed by its National President, Samuel Odarquaye Lamptey, the association expressed confidence in Abdul-Salam’s leadership and expertise, noting that his tenure would promote transparency, innovation, and inclusivity in the lottery industry.

The association emphasized its commitment to collaborating with the NLA under his leadership to advance a fair and responsible lottery system that benefits all stakeholders.

“We look forward to engaging constructively on policies and initiatives that will strengthen the industry and enhance its contribution to national development,” the statement added.

The NALWERS wished Abdul-Salam success in his new role and reaffirmed its support for efforts aimed at improving the lottery sector in Ghana.

Read the statement below:

PRESS STATEMENT

For Immediate Release

National Association of Lotto Writers Congratulates Mohammed Abdul-Salam on His Appointment as Director General of the National Lotteries Authority

The National Association of Lotto Writers (NALWERS) extends its warmest congratulations to Mr. Mohammed Abdul-Salam on his appointment as the Director General of the National Lotteries Authority (NLA).

His appointment marks a significant moment for the lottery industry, and we are confident that his expertise, leadership, and commitment to excellence will contribute to the continued growth and development of the sector.

We recognize his deep understanding of the industry and trust that his tenure will foster transparency, innovation, and inclusivity.

The NALWERS remains committed to working collaboratively with the NLA under Mr. Abdul-Salam’s leadership to promote a fair and responsible lottery system that benefits all stakeholders.

We look forward to engaging constructively on policies and initiatives that will strengthen the industry and enhance its positive impact as one of the sources of revenue for national development.

Once again, we congratulate Mr. Mohammed Abdul-Salam on his well-deserved appointment and wish him success in this important role.

Signed,

Samuel Odarquaye Lamptey

National President

AE

The immediate past Finance Minister has dismissed claims that the decision to honour the fourth coupon payment to Domestic Debt Exchange Programme (DDEP) bondholders was solely at the directive of President John Mahama.

According to Dr Mohammed Amin Adam, the previous New Patriotic Party (NPP) government had already laid the groundwork to ensure a seamless continuation of these payments.

“The NDC Government has announced that the President has directed the Minister for Finance to honour coupon payments to DDEP bondholders,” the Karaga MP wrote in an article on Facebook on Monday.

“As reported in the announcement, this will be the fourth coupon payment due on Tuesday, 18th February 2025.

“This means the previous NPP Government honoured three previous payments both in Payment-In-Cash (PIC) and Payment-In-Kind (PIK) between August 2023 and December 2024.”

He stated that the NPP administration had committed significant resources to meet these obligations, stating that between August 2023 and December 2024, government paid a total of GH¢17.25 billion in PIC and GH¢9.77 billion in PIK to bondholders.

In addition, individual bondholders who did not tender their bonds were paid a total of GH¢515.17 million, in accordance with a memorandum of understanding signed between the government and the Coalition of Individual Bondholders.

“Since the restructuring of the domestic debts, the previous NPP government has not defaulted in coupon payments.

“Buffers were also built in the Debt Reserves Accounts to support upcoming debt service obligations such as the fourth coupon payment,” Dr Amin Adam noted.

Providing a breakdown of the payments made under the NPP government, he outlined:

• 1st Payment (August 2023): Total payment of GHS8.55 billion (PIC – GH¢5.42 billion & PIK – GH¢3.13 billion).
• 2nd Payment (February 2024): Total payment of GHS9.11 billion (PIC – GH¢5.85 billion & PIK – GH¢3.27 billion).
• 3rd Payment (August 2024): Total payment of GH¢9.35 billion (PIC – GH¢5.98 billion & PIK – GH¢3.38 billion).

Dr Amin Adam argued that these consistent payments prove that the NPP government laid a strong foundation for the continuity of the programme, making it inaccurate to attribute the fourth payment solely to President Mahama’s directive.

“The buffers we built were not accidental. We planned ahead to ensure that bondholders receive their payments on time. It is, therefore, misleading for anyone to suggest that this payment is happening simply because of a new directive from the current administration,” he said.

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Old Mutual Ghana has appointed Roy Punungwe as the company’s new Group Chief Executive Officer (CEO). 

He takes over from Tavona Biza who has led the business with distinction for nearly six years.

The incoming Group CEO joined Old Mutual Limited in 2015, and has held several senior roles across South Africa, Botswana and Malawi, including serving as the COO and CEO of the Botswana business before moving to Malawi to assume the role of Managing Director of the Life Assurance business. 

With a wealth of experience in business growth, leadership development, and stakeholder value creation, he is well-positioned to drive Old Mutual Ghana forward.

Mr Punungwe is an Actuary by profession and has an impressive list of academic qualifications, with an MBA from Middle Tennessee State University in the USA and an undergraduate degree from the University of Waterloo in Canada. 

He has completed numerous Executive Leadership Development programmes at prestigious universities across the world like Said Business School, Harvard Business School, INSEAD and IMD and is also a Member of the American Academy of Actuaries and Conference of Consulting Actuaries. 

Commenting on his appointment, Mr Punungwe expressed his enthusiasm for the new role, stating: “I am honoured to take on this leadership position at Old Mutual Ghana. 

The Ghanaian market presents immense opportunities, and I am confident that with the dedication of our talented team, we will continue to create great value for our customers and shareholders, whilst positively impacting our community. Old Mutual Ghana is well-positioned to drive innovation and enhance financial solutions that empower individuals and businesses to achieve financial prosperity.”

He also extended his gratitude to the Ghana team for their dedication and exceptional performance over the years, reaffirming his commitment to leading the company to even greater success.

Reflecting on the transition, outgoing CEO, Mr Tavona Biza, remarked: “It has been an honour and a pleasure to lead Old Mutual Ghana. Together with our team and stakeholders, we have strengthened the business, enhanced customer trust, and positioned Old Mutual as a premier financial services provider in Ghana. I have full confidence that Roy, with his leadership and expertise, will take the business to new heights.”

This leadership change is effective from  January 1, 2025. Old Mutual assures customers and stakeholders that there will be no disruptions in service delivery during the transition. The team remains committed to providing exceptional service and ensuring the financial well-being of all customers.

About Old Mutual Ghana

Old Mutual Ghana is one of the country’s leading financial institutions, offering innovative life insurance and pension solutions. 

With roots in South Africa, Old Mutual has a long-standing commitment to securing financial futures and delivering world-class financial services across the African continent.

Established in Ghana in 2013, the company leverages deep local market knowledge and international expertise. 

Old Mutual Ghana comprises Old Mutual Life Assurance Company Limited and Old Mutual Pensions Trust, providing a broad portfolio of financial solutions, including savings plans, group life benefits, funeral plans, travel insurance and pension schemes.

Elmina Sharks FC owner Dr. Paa Kwesi Nduom

Elmina Sharks FC owner Dr. Paa Kwesi Nduom is facing potential sanctions due to a security breach during his side’s Division One League defeat at home to Swedru All Blacks on Sunday February 16, 2025.

Dr. Nduom is reported to have entered the inner perimeter in clear violation of the rules and regulations governing the Division One League after a confusion erupted amid a perfect penalty call from referee Eso Doh Morrison at the Nduom Sports Complex in Elmina.

The alleged conduct of the politician has the potential to incite supporters to misbehave and call into question his persistent and sustained attacks on the product and the Football Association.

Officials of Swedru All Blacks have been incensed by the conduct of the former Minister of Economic Planning and Regional Integration.

The club’s spokesperson Nathaniel Obeng has detailed the action of the GN Bank owner at his own facility.

“Paa Kwesi Nduom went to the field to threaten the referee after the penalty was awarded against Elmina Sharks. Where in this world does this happen? he quizzed on Accra-based Sporty FM

“Per our player’s account, Paa Kwesi Nduom told the referee to rescind the penalty decision, or he’ll instruct the Elmina Sharks players to walk off the pitch.”

Elmina Sharks and midfielder Jay Asamoah Kola have been charged by the Ghana Football Association for misconduct.

The incident comes at a time when Ghanaian football is under scrutiny following the tragic stabbing of Asante Kotoko fan Nana Yaw Frimpong, better known as ” in Nsoatre, which led to the suspension of the Ghana Premier League and the introduction of new matchday security reforms.

The Ghana Football Association (GFA) is expected to take a firm stance on the matter as part of efforts to restore discipline and safety in the domestic league.

HAMBURG : The maritime industry is in desperate need of skilled seafarers; however, well-trained young talent is scarce. As the working age population of traditional seafaring nations is anticipated to decline over the next few years, companies need to take matters into their own hands and diversify their crew pool if they want to maintain business continuity. Bernhard Schulte Shipmanagement (BSM) has now opened its Maritime Training Centre in Ghana, further boosting its presence and enhancing its maritime services offering in West Africa. 

Bernhard Schulte Shipmanagement (BSM) has opened a new Maritime Training Centre (MTC) in Ghana, further cementing its position in the region. The new MTC is located on the campus of the Regional Maritime University (RMU) in Accra, Ghana, with whom BSM established a local representative office as well as a cadet programme in 2012. The offered courses focus on vocational exposure and the training of cadets, officers and ratings, making it a meaningful addition to programmes offered by the university. In addition, tailor-made training courses are offered for hospitality crew for cruise ships.

“At BSM, we place emphasis on the selection, development and management of our seagoing employees which is key to the safe and efficient operations of the vessels of our clients. With the opening of the new MTC in Ghana, BSM has taken a significant step towards enhancing its training offering to seafarers from the region and cultivating highly skilled professionals who deliver the highest levels of performance,” says Eva Rodriguez, HR Marine Director at BSM. “With the establishment of a local training facility, not only we are underlining our ongoing commitment to the region but also addressing the growing demand for skilled crew by diversifying our crew pool.”

BSM has been investing in the training of African seafarers for over a decade. With 1.5 billion people, and this number expected to double by 2050, as well as an estimated combined Nominal GDP of USD 2.8 trillion dollars, the African continent is one of the world’s biggest growth markets. When it comes to sourcing the next generation at sea, the region will be one of the new frontiers as the population is young and growing rapidly. Being fully aware of the great potential, BSM already started training African seafarers back in 2012. Back then, the pool of West African BSM seafarers counted less than 30. Today, the company has 600 seafarers from the region in its crew pool.

The new MTC in Ghana is BSM’s sixth institution of this kind. The company’s training facilities are focussed on providing specialist skills and training through training programmes that are tailored to meet industry and client-specific requirements, offering a comprehensive curriculum that merges theory with hands-on experience. Cutting-edge facilities and experienced instructors, create an environment, not only for BSM’s own seafarers but also for third-party clients, where learning is to transcend conventional boundaries, equipping maritime personnel with the skills needed to strive.

BSM MTCs are certified to ISO 9001- 2015 standards. Courses offered by the MTCs include DNV approved simulator trainings and address operational, safety, and environmental training needs for general and specialised vessels in an evolving maritime industry.

Member of Parliament fo Nsawam/Adoagyiri

The National Democratic Congress (NDC) has filed an election petition challenging the legitimacy of Annoh Dompreh’s win as Member of Parliament for the Nsawam-Adoagyiri constituency.

Dr. Tanko-Computer insists that the process was fraught with irregularities and cannot be accepted as a fair outcome.

Speaking on the matter in an interview with Channel One TV, he stated, “We have filed an election petition against the declaration of Honourable Annoh Dompreh as the winner of that contest.

The High Court is handling the case, and I have been reliably informed that they have now been properly served.”

Dr. Tanko-Computer expressed deep concerns about how the declaration was made, alleging the use of fraudulent documents.

“Fake pink sheets, scanned ones, were used to declare him on our blind side. We were in court, having filed a stay of execution, yet they went ahead with the declaration,” he said.

According to him, the NDC will pursue the case vigorously, determined to expose any illegitimacy in the process. “We can’t allow this. We must ensure that the sanctity of our democracy and electoral process is upheld,” he added.

He warned that allowing such irregularities to go unchecked would set a dangerous precedent.

“If we allow this, we are telling people that as long as they can manipulate electoral officers, they can force their way into Parliament. That’s not democracy,” he asserted.

In the meantime, watch as John Jinapor recounts ordeal after leaving office in 2017

By Kwame Bediako 

Real Madrid midfielder Jude Bellingham faces a possible 12-match suspension following his recent red card during a match against Osasuna. Reports from The Sun Football indicate that Bellingham’s heated exchange with the referee could lead to severe repercussions for the talented England international.

The incident unfolded during the second half of the match when Bellingham became increasingly vocal in his protests after Osasuna was awarded a free kick. His visible frustration culminated in a straight red card, leaving the team and fans in disbelief. The referee, reportedly angered by Bellingham’s conduct, made the decisive call to dismiss the midfielder from the game.

Initially, Real Madrid had the upper hand, with an early goal setting the stage for a potential victory. However, the game took a drastic turn following Bellingham’s ejection. With their key player sidelined, Real Madrid struggled to maintain their momentum and control against a resilient Osasuna side.

Despite their best efforts to regain dominance, Real Madrid found it difficult to penetrate Osasuna’s well-organized defense. As the clock ticked down, the situation worsened for the Madrid side when Ante Budimir converted a penalty, securing a draw for Osasuna and leaving Real Madrid to reflect on missed opportunities.

The potential ban for Bellingham raises questions about the impact of player conduct on match outcomes and disciplinary actions in football. As fans and analysts await further details, Real Madrid must strategize on how to cope with the possible absence of one of their standout players in the coming matches.

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The US State Department has dropped a statement from its website which stated that Washington does not support Taiwan’s independence – a move which has sparked anger in China.

China said the revision “sends a wrong… signal to separatist forces advocating for Taiwan independence”, and asked the US to “correct its mistakes”.

The department’s fact sheet on Taiwan-US relations earlier included the phrase “we do not support Taiwan independence” – this was removed last week as part of what it said was a “routine” update.

A US spokesperson was quoted as saying that it remains committed to the “One China” policy, it said, where US recognises and has formal ties with China rather than Taiwan.

China sees self-governed Taiwan as a breakaway province that will eventually be part of the country and has not ruled out the use of force to achieve this.

But many Taiwanese consider themselves to be part of a separate nation, although most are in favour of maintaining the status quo where Taiwan neither declares independence from China nor unites with it.

As well as dropping the phrase, the factsheet, which was updated last Thursday, also says the US will support Taiwan’s membership in international organisations “where applicable”.

Commenting on the changes, a spokesperson at the American Institute in Taiwan – the US de facto embassy on the island – told local media that the fact sheet had been “updated to inform the general public about [the US’] unofficial relationship with Taiwan”.

“We have long stated that we oppose any unilateral changes to the status quo from either side.”

On Sunday, Taiwan’s Foreign Minister Lin Chia-lung thanked the US for what he called “positive, Taiwan-friendly wordings”.

But in their regular press conference on Monday, Beijing’s foreign ministry slammed the move, calling the revision a “serious regression” in the US stance on Taiwan.

“This sends a wrong and serious signal to separatist forces advocating for Taiwan independence and is another example of the U.S. stubbornly persisting with its wrong policy of using Taiwan to contain China,” said Chinese spokesperson Guo Jiakun.

“We urge the US to immediately correct its mistakes [and] earnestly adhere to the One China principle.”

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Former Ashanti Regional Chairman of the National Democratic Congress (NDC), Yaw Obimpeh, has been elected as the Council of State representative for the region.

He secured 49 votes, defeating Nana Nkansah Boadu Ayeboafo, the Chief of Agric-Nzema, who polled 35 votes.

Daniel Anarfi Yamoah placed third with one vote, while the remaining nine candidates failed to secure any votes.

Tight security measures

Following the security threats that disrupted the initial election, which led the Electoral Commission to reschedule the polls, security was significantly reinforced this time.

By 7:00 a.m. on Monday, February 17, 2025, hundreds of police officers in protective gear had been stationed at strategic points around the Prempeh Assembly Hall, the venue for the election.

Barricades were mounted at all exit points leading to the frontage of the hall, while roads connecting Asem and its surroundings to the Roman Hill section of the Central Business District were closed to vehicular traffic.

Under the security arrangements, only accredited individuals—including two supporters per candidate—were granted access to the venue.

Background

The elections, initially scheduled to take place in all 16 regions on Tuesday, February 11, were abruptly halted in the Ashanti Region due to a violent altercation between supporters of the two main contenders.

The voting process had progressed smoothly at the Regional Coordinating Council in Danyame, Kumasi, until chaos erupted just before the counting of ballots.

A group of unidentified ‘macho men’ stormed the premises, disrupting the process and destroying all ballots before Electoral Commission (EC) officials could begin counting.

All 86 delegates had cast their votes for the 12 candidates, and the winner was about to be announced when the disturbances broke out.

The EC subsequently postponed the election indefinitely before later rescheduling it for February 17, 2025. The rerun was conducted under heightened security and proceeded peacefully.

A fierce contest

The election was a keenly contested race between Nana Nkansah Boadu Ayeboafo, a staunch member of the New Patriotic Party (NPP), and Yaw Obimpeh of the NDC.

It remained unclear who had deployed the heavily built men and which candidate they intended to support.

The Regional Director of the Electoral Commission, Osei Nsiah, assured the public that lessons had been learned from the earlier disruption, ensuring a smooth process during the rescheduled election.

By Josephine Kekeli Amuzu 

Karpowership Ghana has started discussions with the government over a significant debt of $379 million, noting that the unpaid invoices are severely affecting its operations.

The company confirmed it has been in talks with the Ministry of Energy and Green Transition regarding the outstanding financial obligations. Karpowership has warned it may suspend electricity supply unless the government addresses the debt, but the Ministry of Energy has reassured that power supply will not be disrupted.

Sandra Amarquaye, Communication Manager for Karpowership Ghana, told Citi Business News that, “we have engaged the Ministry of Energy over the accrued debt and negotiations are ongoing.” She reiterated Karpowership’s commitment to its partnership with the country, emphasizing the need to resolve the financial issues to maintain a stable collaboration.

This situation arises amidst growing concerns about the sustainability of Ghana’s energy sector, which has been facing increasing debts. Industry experts warn that delays in resolving these financial issues could disrupt power generation and supply.

“We had a meeting with the Ministry of Energy and Green Transitions. We brought it to their attention and we are currently in negotiations with the government for a sustainable solution over the debt that accrued over the period,” Amarquaye stated.

Citi Business News reports that the Sector Minister, John Jinapor, has plans to address the debt.

“And we as a ministry will do everything within our power to ensure that we do just that. Inasmuch as it is a burden, but regardless of how much it is, we need to find solutions. And that is exactly what the ministry is determined to do,” said Isaac Agyei Kwakye, Public Relations Officer for the Ministry.

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The Sunyani District Court ‘B’ on Monday granted a GH¢300,000 bail with two sureties to Agyemang Duah Owusu, 42, a police inspector, standing trial at the court for murder.

Owusu and other suspects were arrested in connection with the murder of the late Francis Frimpong, a supporter of the Kumasi Asante Kotoko Football Club (FC), popularly known as ‘Nana Pooley”.

The court ordered Owusu to report himself to the police and submit his passport to the court registry within three days.

However, the court reviewed the bail condition of the other suspects, Ignatius Baffour-Awuah, the former Minister of Employment and Labour Relations, Joseph Kyeremeh, Elizabeth Akosua Ntiwaa and Yaa Asantewaa, allowing them to either travel or leave Sunyani of their own without any judicial restrictions.

They have since been charged with “abetment to commit a crime, to wit murder” under Sections 20 (1) and 46 of the Criminal Offenses Act 1960 (Act 29) and they were to report themselves to the police once every week and they would reappear before the court on March 10, 2025.

When the case was heard, the court denied bail to three other suspects, Isaac Fosu, Augustine Yeboah and Yaw Koshy and ordered the police to keep them in custody.

They had also been charged with murder and were expected to re-appear on March 3rd, 2025.

The court heard that another suspect, one Braimer also charged with murder was still on the run.

“Pooley” was stabbed to death on Sunday, February 2, 2025, when the Nsoatreman FC hosted the Kumasi Asante Kotoko FC at match 19 of the Ghana Premier League at their home grounds at the Nsoatre Professor Amoah Koromansah II stadium.

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President John Mahama has directed the Ministry of Finance to settle outstanding Domestic Debt Exchange Programme (DDEP) coupons and build a financial buffer through the Sinking Fund.

In line with this directive, the Ministry of Finance has on Monday, February 17, disbursed a Payment-In-Cash (PIC) coupon of GH₵6.081 billion to all DDEP bondholders. Additionally, a Payment-In-Kind (PIK) portion of GH₵3.46 billion has been credited to bondholders’ securities accounts, in accordance with the terms outlined in the DDEP Memorandum.

To further strengthen the country’s debt management strategy, the government has also deposited GH₵9.7 billion into the Debt Service Recovery Cedi Account (Sinking Fund). This move is intended to serve as a buffer for the next five DDEP coupon payments due in July and August 2025.

President Mahama reaffirmed his administration’s commitment to fulfilling all obligations under the DDEP while working to restore confidence in the economy.

He indicated that the upcoming 2025 Budget Statement will outline additional measures aimed at ensuring fiscal discipline, prioritising spending, and enhancing transparency in public financial management.

The government is focused on stabilising the cedi, controlling inflation, and creating jobs, despite the economic challenges inherited from the previous administration. By implementing prudent fiscal policies, the Mahama-led administration aims to restore macroeconomic stability and ensure value for every pesewa spent.

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Kwaku Krobea Asante, an investigative journalist with The Fourth Estate, has identified the officials who oversaw the National Service Authority (NSA) during former President Akufo-Addo’s tenure when the ghost names scandal began.

The revelations stem from an investigative report by The Fourth Estate in November 2024.

Speaking on The Point of View with Bernard Avle on Channel One TV, Asante named Henry Nana Boakye, Osei Assibey Antwi, Mustapha Ussif, Gifty Oware, and Kwaku Ohene Djan as the officials in charge of the NSA at the time of the fraudulent payments.

However, he clarified that the report does not directly accuse these former NSA officials of embezzlement but highlights their responsibility in overseeing the scheme when the irregularities occurred.

“The period that we focused our investigations on, you have Henry Nana Boakye – Nana B, you have Hon. Mustapha Ussif, the former Sports Minister, the immediate past Director General, Osei Assibey Antwi, Gifty Oware Mensah, who was also a deputy director, then you have one gentleman called Kwaku Ohene Djan, who was also a deputy director for the NSA.

“Our point is not necessarily to say that these are people have stolen money, so to say, but our point is that these were people who were in charge of the scheme.”

Mr. Asante’s disclosure follows President John Dramani Mahama’s directive for an investigation into 81,885 suspected ghost names found on the NSA payroll.

Presidential Spokesperson and Minister of Government Communications, Felix Kwakye Ofosu, stated that these irregularities were uncovered during a headcount of active national service personnel.

The audit was initiated at the request of the Minister for Finance, Dr. Cassiel Ato Forson, as part of efforts to clear outstanding allowance arrears dating back to August 2024.

Interior Ministry renews curfew in Bawku

……

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The Ministry of Finance, on Monday, February 17, 2025, honored the Payment-In-Cash (VIC) coupon of GH₵6.081 billion to all Domestic Debt Exchange Programme (DDEP) bondholders.

The move is in compliance with a directive issued by President John Mahama.

The government has also honored the Pay-In-Kind (PIK) portion of GH₵3.46 billion, deposited into the respective bondholders’ securities accounts in line with the DDEP Memorandum.

Additionally, the government has paid GH₵9.7 billion into the Debt Service Recovery Cedi Account (Sinking Fund) as a buffer for the 5th DDEP coupon, which will fall due in July and August 2025.

According to a statement signed by Presidential Spokesperson Felix Kwakye Ofosu, President Mahama is committed to honoring all obligations under the DDEP.

“Through the 2025 budget statement, the government will announce further measures to help restore market confidence in the economy, improve spending efficiency, and enhance transparency and accountability in public finance,” the statement disclosed.

It added: “Ultimately, the government seeks to restore fiscal prudence while ensuring value for every pesewa spent. Despite the challenging economy inherited from the previous administration, the government is determined to bring back a stable cedi, control spiraling inflation, and create jobs for the teeming youth of our country.”

KA

In the meantime, watch as John Jinapor recounts ordeal after leaving office in 2017

The Economic and Organised Crime Office (EOCO) has issued a public notice declaring Nayra Sablah wanted in connection with alleged offences of fraud and money laundering.

According to EOCO, Sablah is believed to be hiding in Osu and its surrounding areas.

The agency is therefore calling on the general public to assist with any relevant information that could lead to her apprehension.

EOCO has urged anyone with knowledge of her whereabouts to report to its head office, located adjacent to the Old Parliament House on Barnes Road, Accra.

Additionally, the public can provide information by calling the following numbers: 02711115701, 0208272296, 10579709066.

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 Ministry of Finance, on Monday, February 17, 2025, honored the Payment-In-Cash (VIC) coupon of GH₵6.081 billion to all Domestic Debt Exchange Programme (DDEP) bondholders.

The move is in compliance with a directive issued by President John Mahama.

The government has also honored the Pay-In-Kind (PIK) portion of GH₵3.46 billion, deposited into the respective bondholders’ securities accounts in line with the DDEP Memorandum.

Additionally, the government has paid GH₵9.7 billion into the Debt Service Recovery Cedi Account (Sinking Fund) as a buffer for the 5th DDEP coupon, which will fall due in July and August 2025.

According to a statement signed by Presidential Spokesperson Felix Kwakye Ofosu, President Mahama is committed to honoring all obligations under the DDEP.

“Through the 2025 budget statement, the government will announce further measures to help restore market confidence in the economy, improve spending efficiency, and enhance transparency and accountability in public finance,” the statement disclosed.

It added: “Ultimately, the government seeks to restore fiscal prudence while ensuring value for every pesewa spent. Despite the challenging economy inherited from the previous administration, the government is determined to bring back a stable cedi, control spiraling inflation, and create jobs for the teeming youth of our country.”

KA

In the meantime, watch as John Jinapor recounts ordeal after leaving office in 2017

By; Deborah Pofara Luu

A recent World Bank report has revealed that Ghana’s economic expansion between 2008 and 2019, largely fueled by oil production and debt accumulation, has left the country susceptible to global economic shocks.

The Public Finance Review report, titled “Building the Foundations for a Resilient and Equitable Fiscal Policy,” indicates that despite efforts to stabilize the economy since 2022, structural reforms are necessary to address the root causes of the country’s economic challenges.

The report identifies weak expenditure controls, inefficient public spending, underperforming revenue collection, and costly borrowing as factors contributing to Ghana’s recent debt crisis.

According to the World Bank, Ghana’s average fiscal deficit was about 4% of GDP from 2008 to 2019, which is double the figure from 2000 to 2007.

Expenditures also averaged 19% of GDP during the same period, 6 percentage points higher than in 2000 to 2007.

Robert Taliercio, World Bank Country Director for Ghana, Liberia, and Sierra Leone, emphasized the need for sustained fiscal consolidation efforts.

“Ghana needs to persist in its ambitious fiscal consolidation efforts, ensuring that adjustments are both fair and sustainable,” Taliercio stated.

He further added, “It is crucial to protect pro-poor and pro-growth investment, while enhancing domestic revenue mobilization. Additionally, Ghana must address the increasing fiscal liabilities stemming from the energy and cocoa sector”.

The World Bank’s report also highlighted that Ghana’s GDP growth of 6.8% annually from 2008 to 2019 was primarily driven by the oil sector, but at the cost of increasing debt levels.

The report suggests that Ghana must implement measures to improve expenditure controls, enhance revenue collection, and promote more efficient public spending to mitigate the risk of external shocks.

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The Communication Initiative for Change (CIC) – Meatless Monday Ghana celebrated World Pulses Day with a hybrid program that brought together experts and enthusiasts to discuss the nutritional and environmental benefits of pulses.

Moderated by Mr. Emmanuel Fiagbey, Director of CIC – Meatless Monday Ghana, the program featured insightful presentations from Mr. Peter Agbovi, the National Secretary of the Chefs Association of Ghana, and Mr. Wise Chukudi Letsa, a Nutritionist and Dietician from LETS Consult.

The speakers delivered engaging presentations that emphasized the high protein, fiber, and essential micronutrients found in beans, the main pulse or legume variety in Ghana. They also discussed the importance of regular consumption of beans in the management of lifestyle diseases such as heart disease and diabetes.

The program further explored the environmental advantages of consuming beans, including their role in promoting sustainable agriculture by improving soil fertility through atmospheric nitrogen fixation and supporting biodiversity. The speakers encouraged participants to increasingly adopt plant-based diets by making pulses/beans their primary source of protein instead of overly relying on meat sources.

The Communication Initiative for Change (CIC) – Meatless Monday Ghana is committed to promoting sustainable and healthy eating habits among Ghanaians in order to curb the growing trend of Non-Communicable Diseases among Ghanaians.

The project is being sponsored by the Johns Hopkins University Center for a Livable Future with technical support from the Johns Hopkins University Center for Communication Programs.