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Government advances fiscal reforms, new financing models to strengthen health sector

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Deputy Finance Minister Thomas Nyarko Ampem speaking at a high-level panel in Geneva Deputy Finance Minister Thomas Nyarko Ampem speaking at a high-level panel in Geneva

Ghana is ramping up domestic resource mobilisation and exploring innovative health financing models to insulate its health system from external aid volatility, Deputy Finance Minister Thomas Nyarko Ampem told a high-level panel at the 78th World Health Assembly in Geneva.

Speaking at a side event on “Navigating a New Era of Global and Domestic Health Financing,” Ampem said the government is redirecting resources, deepening partnerships with the private sector, and introducing structural fiscal reforms to fund health services, as donor funding continues to decline.

“External aid is no longer a reliable solution,” Ampem said. “We must prioritise prevention, repurpose budgets, and unlock new investment through good governance and innovation.”

Ghana’s response comes amid growing concern across the continent over waning donor support and widening health financing gaps.

The World Bank estimates Africa’s health spending per capita remains significantly lower than in other regions, averaging just US$47 compared to more than US$4,000 in high-income countries.

Ampem emphasised the need to reorient policy around primary health care and preventive services. Since January 2025, the government has expanded access to clean water, sanitation, nutritious food, and immunisation, foundational measures, he said, are more cost-effective than treating diseases.

In a bid to stretch the health dollar, the government has also moved to fully allocate National Health Insurance Levy (NHIL) funds for their intended purpose. This year’s budget increases National Health Insurance Scheme (NHIS) funding to GH¢9.8 billion from GH¢5.9 billion in 2024 — a 66 percent jump.

Over the medium term, Ghana plans to commit GH¢49.3 billion to NHIS, a significant rise from GH¢13.2 billion allocated between 2021 and 2024.

That fiscal commitment is being tested by shifting geopolitical and economic dynamics. Ghana is grappling with the fallout from the abrupt withdrawal of US$78 million in USAID health support, which had funded malaria, HIV/AIDS, and child health programs.

To mitigate the disruption, the country partnered with drone logistics firm Zipline to deliver medical supplies without increasing public spending.

“Being responsive to change is critical,” Ampem said.

“We leveraged technology and logistics to close urgent supply gaps and maintain continuity of care.”

Longer term, Ghana is seeking to bolster domestic tax revenues, which in sub-Saharan Africa average just 13 percent of GDP, through digitalised administration, curbing leakages, and widening the tax base.

It is also encouraging private sector participation through PPP frameworks.

A new Ghana Medical Trust Fund — dubbed MAHAMACARES — was launched to finance treatment for non-communicable diseases not covered under NHIS, and to crowd in private and philanthropic capital for health infrastructure and research.

However, the Deputy Minister cautioned that attracting private investment depends on improving governance and macroeconomic stability. Nearly half of Africa’s population now lives in countries where governance has worsened over the past decade, according to the 2024 Mo Ibrahim Index.

“Without fiscal discipline, we cannot build the systems that attract long-term investment,” he said.

As Africa’s population and strategic importance grow, Ampem said now is the time for the continent to translate its vision of health self-reliance into durable outcomes.

“We must move with urgency, unity, and foresight,” he said. “This is our opportunity to build resilient health systems for the future.”

You can also watch the latest news on GhanaWeb TV below:

SuperSport to replace StarTimes as official Ghana Premier League broadcast partner

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SuperSport are reportedly in talks to broadcast the Ghana Premier League SuperSport are reportedly in talks to broadcast the Ghana Premier League

South African pay-TV giant SuperSport is likely to reach an agreement with the Ghana Football Association (GFA) to become the broadcast partner of the Ghana Premier League (GPL).

According to ghanasoccernet.com, persons involved in the deal have hinted that SuperSport is leading and likely to get the nod from the GFA to become the broadcast partner of the GPL for the 2025/2026 season.

The media organisation’s success in broadcasting leagues on the continent, specifically in Nigeria, Zambia, and South Africa, gives them an edge over their competitors.

This update comes after talks between the GFA and StarTimes for renewal of their contract collapsed over an outstanding debt of over $842,000.

The report seems to affirm a claim made by Majority Leader in Parliament, Mahama Ayariga, saying that Minister of Sports and Recreation, Kofi Adams, was working on securing SuperSport to broadcast the local league.

However, it remains to be seen if the deal will come into fruition, as the GFA are yet to officially announce the broadcast partner.

Following the expiration of the previous deal, the Ghana Premier League currently has no official broadcast sponsor. In the meantime, some local television stations have stepped in to air the matches.

Officials from Premier League clubs have expressed frustration over their financial challenges in managing their teams.

Watch scenes from the opening ceremony of the 2025 Western Region Inter-Schools event

SB/MA

My mother asked me to quit music due to online trolls

Ghanaian artiste, Wendy Shay has opened up about how her music career almost ended due to online abuse.

In a recent conversation on the Afrobeats Podcast with Adesope Shopsydoo, Wendy Shay described herself as the most bullied musician in Ghana, stating that she was subjected to harsh criticism from music fans who thought she was attempting to mimic the late Ebony Reigns.

Govt Breaches Local Governance Act – Minority

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Frank Annoh-Dompreh

 

The Minority in Parliament has accused the Mahama-led administration of gross violations of the Local Governance Act, 2016 (Act 936), following the government’s failure to release statutory funds due to Metropolitan, Municipal, and District Assemblies (MMDAs) nearly six months into the fiscal year.

The Minority Chief Whip, Frank Annoh-Dompreh, has accordingly expressed deep concern over what he described as the government’s “deliberate breach” of its statutory obligations, warning that the situation is jeopardising local governance and crippling development at the grassroots level.

Speaking at a press briefing in Parliament yesterday, Mr. Annoh-Dompreh said, “This administration stands in clear breach of Act 936 of the Local Governance Act. Not a single pesewa of the District Assemblies Common Fund (DACF) has been disbursed since the year began, despite a clear allocation of GH¢7.51 billion stated in the 2025 budget.”

Quoting page 72 of the 2025 Budget, the Member of Parliament (MP) for Nsawam-Adoagyiri pointed to item 388, which confirms the approved allocation, stating, “Yet, nearly six months into the year, not even a penny has been paid. This is not only illegal but also in direct violation of a court ruling which stipulates that the DACF must be disbursed quarterly.”

Beyond the DACF, the Minority revealed that other key statutory funds have also been withheld, including the National Health Insurance Fund (NHIF) and the Ghana Education Trust Fund (GETFund).

“The NHIF, with an allocation of GH¢9.92 billion, has not received any disbursement. GETFund, allocated GH¢4.1 billion, is also yet to see a single release,” Mr. Annoh-Dompreh stated.

The MP expressed frustration that despite the introduction and increase of several revenue-generating taxes, including the Growth and Sustainability Levy – raised from 1% to 3% – the government has failed to make the corresponding payments into these legally mandated funds.

“We are collecting more in taxes, yet the government is failing to meet its most basic statutory obligations. It raises the question: where is the money?” he quizzed.

The Minority Chief Whip further criticised any claims that delays in appointing or confirming Metropolitan, Municipal, and District Chief Executives (MMDCEs) were behind the situation.

“Even in the absence of confirmed MMDCEs, coordinating directors and regional ministers are legally empowered to act. That excuse doesn’t hold,” he insisted.

The MP lamented the operational paralysis now faced by many assemblies across the country, intimating, “Assemblies are being denied the financial oxygen they need to function. Development projects are stalled. Workers are demoralised. Local governance is under siege.”

He noted that the newly appointed Common Fund Administrator is currently idle, with no resources to distribute. “We’ve spoken with the Common Fund Administrator. He is simply sitting in his office, unable to perform his duties because the funds haven’t been released,” Mr. Annoh-Dompreh asserted.

The MP emphasised that this trend represents a dangerous precedent, especially coming from a government that once criticised similar delays while in opposition.

“Ironically, when they were not in power, they were vocal about delays in DACF payments. Today, they are doing worse,” he said.

He added that the Minority had supported the passage of the 2025 Budget in good faith, participating in the laying of over 40 motions, but now feels betrayed by the government’s failure to implement its own fiscal promises.

“We supported the budget process because of our patriotic duty. But now, something deeply worrying is creeping into our governance system—an intentional disregard for statutory commitments,” he stated.

With Parliament set to resume next week, the Minority is demanding that the Finance Minister appears before the House to provide a full explanation for the delay and a definitive timeline for releasing the funds.

“This is not about politics. This is about the law. This is about the welfare of our people. If these funds are not released immediately, we will explore all options available to us, including legal and parliamentary actions,” he concluded.

By Ernest Kofi Adu, Parliament House

 

Total mobile money transactions hit GH₵365bn by April 2025

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Data released by the Bank of Ghana has shown that the value of mobile money transactions went up significantly to reach GH₵365.0 billion by April 2025.

Compared to the same period last year, the value of transactions was at GH₵303.0 billion.

The data also showed that the number of transaction increased to 778 million in April 2025 compared to 630 million in April 2024.

The Balance of Float reached GH₵28.2 billion compared to GH₵19.3 billion.

The steady rise highlights the increasing preference for mobile financial services among individuals and businesses alike, as the nation continues to embrace digital payment solutions.

This increase further demonstrates the central role mobile money plays in enhancing financial access and facilitating daily transactions across the country, especially in areas underserved by traditional banking infrastructure.

The Bank of Ghana data also points to a sustained upward trend in mobile money usage, fuelled by greater mobile phone penetration, the expansion of agent networks, and the user-friendly nature of mobile platforms.

These factors have made mobile money an indispensable tool for financial inclusion and economic participation.

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.

Kotoko who absconded in USA set to rejoin parent club after arriving in Egypt

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Young Sudanese left-back Esmat Abdul Hamid is poised for a return to his parent club Al Hilal in June, following the completion of his loan stint with Asante Kotoko.

According to Sudanese sports outlet Sudafoot, the defender recently arrived in Egypt from the United States as he prepares for his reintegration into the Al Hilal setup.

Hamid together with his Sudanese counterpart, AbdoelKarem Yagoub absconded from the team’s hotel in USA upon the team’s arrival for a friendly against DC United on October 12, 2024.

It is currently unclear whether he was deported or returned on his will to continue his career and honour his contract with Hilal.

Hamid joined Kotoko in the summer of 2024 for a short loan spell.

King Promise, KiDi, Others Set For Detroit AfroFuture

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KiDi, King Promise

 

Telecel Ghana Awards (TGMA) Artiste of the Year, King Promise, Lynx signee KiDi among other African stars have been shortlisted as headline artistes for the 2025 AfroFuture concert set to take place in Detroit, Michigan, USA.

After AfroFuture’s successful concert in Ghana, it will be staged for the first time in America from August 16 and 17 with other artistes, including Nigerian stars like Davido, Asake, Flavour and Burna Bwoy. Other acts include DJ Maphorisa, DBN Gogo, Gims, DJ Obi, Kaytranada, Lojay, TXC, Juls, Tee Grizzley, and Ludmilla.

After shaking up the globe with massive events in Accra, Ghana, and across Africa, AfroFuture is making its highly anticipated U.S. debut in the heart of Detroit.

According to the organisers, “AfroFuture Detroit is not just about music, though, trust us, the beats will be on fire, it’s a full immersive experience.

“A fusion of music, food, fashion, and art. More than a festival, it’s a movement that brings Africa’s energy to life in the U.S.”

Presented by Bedrock and produced by Paxahau, the organisers have urged prospective patrons to get ready for dynamic art installations, a vibrant marketplace which will showcase African and diaspora talent, and an energy that can’t be matched.

 

BY Prince Fiifi Yorke

National Security Raids Wontumi’s House

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Wontumi

A combined team of National Security operatives and Police officers this morning stormed the residence of Bernard Antwi Boasiako, popularly known as Chairman Wontumi, the Ashanti Regional Chairman of the opposition New Patriotic Party (NPP).

The operation, saw the security personnel surround the premises, although the reasons for the raid remain unclear.

It is also not yet confirmed whether Chairman Wontumi was present in the house.

Media report indicates that tension is high in the area as the heavily armed officers maintained a firm presence around the compound.

Meanwhile, supporters of the New Patriotic Party (NPP) thronged the residence of Wontumi, following the attempted arrest by the security officers.

The crowd, which steadily grew throughout the morning, gathered in protest against the presence of heavily armed security personnel who had earlier surrounded the property.

The motive behind the operation remains unclear. Chairman Wontumi, who was reportedly inside the house during the raid, assured officers that he would respond to their invitation on Monday, May 26, 2025.

As tensions escalated and party loyalists chanted slogans in defiance, the NIB reportedly ordered the immediate withdrawal of all officers from the scene.

A Daily Guide Report

Wontumi’s Lawyer slams security operation as “immature” and wasteful

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The lawyer for the New Patriotic Party’s (NPP) Ashanti Regional Chairman, Bernard Antwi Boasiako—popularly known as Chairman Wontumi—has sharply criticised the security operation carried out at his client’s residence, describing it as “immature” and unnecessary.

Kwame Adom-Appiah, who also serves as the NPP’s Ashanti Regional Secretary, questioned the conduct of the joint team of National Security operatives and Police officers who stormed Chairman Wontumi’s Kumasi residence on Friday, May 23, 2025.

Speaking to the media at the scene, Adom-Appiah condemned the scale and method of the operation, calling it excessive and a misuse of state resources.

“When you are going to arrest somebody, and you go with about 20 cars when the person is not a coup maker and has not intended to overthrow this government, I do not think it was useful,” he said. “Bringing about 20 cars is undesirable for this country and a cost to the state.

“You could have extended a common invitation to the person. Even if he failed to respond to that, there are proper ways to effect an arrest.”

The raid has heightened tensions in the area, with residents and onlookers visibly unsettled. A heavy security presence remains around the premises, although it is still unclear whether Chairman Wontumi is inside or what prompted the operation.

Channel One TV’s Hafiz Tijani, reporting from the scene, noted that the area remains on edge as heavily armed officers continue to guard the compound.

NPP supporters mass up at Wontumi’s residence as NIB withdraws officers

BREAKING: Cedi firms up to sell at GH¢10.83 to $1

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Ghana’s local currency, the cedi, continues its upward momentum on the interbank market, registering notable gains against major trading currencies, particularly the US dollar.

According to Bloomberg data sighted by GhanaWeb Business on Friday May 23, 2025, the cedi is currently selling at GH¢10.83 to the dollar on the interbank market as of 12:25 GMT, an appreciation that reflects growing market confidence in Ghana’s recent economic reforms and improved foreign exchange management.

The Bank of Ghana, in its daily interbank FX update, reported the cedi trading at a buying price of GH¢11.62 and a selling price of GH¢11.63 to the dollar.

This development represents a continued narrowing of the spread between buying and selling prices, suggesting greater stability in forex markets.

The local currency is also firming up against the British pound and the Euro. The pound is being bought at GH¢15.60 and sold at GH¢15.62, while the Euro is trading at GH¢13.11 (buying) and GH¢13.12 (selling).

On the retail market, where rates tend to be higher due to overhead costs and margins, GhanaWeb Business checks as of 9:00 AM on May 23, 2025, revealed that the cedi is exchanging at GH¢12.50 to the dollar at some forex bureaus.

Additionally, the pound is being sold at GH¢17.20, while the Euro is going for GH¢14.50.

Meanwhile, the continued appreciation of the cedi is being viewed as a positive sign by market watchers, especially in light of last year’s volatility, when the currency depreciated to nearly GH¢17 to the dollar.

With inflationary pressures easing and investor confidence on the rise, the currency’s performance is seen as a critical indicator of Ghana’s ongoing economic recovery.

SSD/MA

Ghana looks to get $12bn a year from small-scale gold mining

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Ghana could generate up to $12 billion annually from small-scale gold production if output doubles as planned, according to Sammy Gyamfi, CEO of the Ghana Gold Board.

The country’s gold exports have surged alongside rising global prices, driven largely by growth in artisanal and small-scale mining.

To capitalize on this growth, the government has established a regulatory body to oversee all gold purchases and sales. The goal is to boost foreign currency reserves and curb illegal trade, Bloomberg reported.

“Our goal is to move above 3 tons a week” in purchases, up from about 1.5 tons a week in January, said Sammy Gyamfi, the Ghana Gold Board’s chief executive officer.

He added that while Ghana expects to generate around $6 billion by the end of this year, the country is confident it will achieve $12 billion in annual inflows starting next year.

Gold has long been central to Ghana’s economy. Once known as the Gold Coast during colonial times, the country remains one of the world’s largest gold producers. In 2019, Ghana overtook South Africa to become the continent’s leading gold producer.

Now, following a 2022 debt default that locked Ghana out of international capital markets, the country is turning to gold, its most valuable export, to stabilize its economy. With gold prices nearing $3,300 an ounce after record-breaking highs, Ghana is well-positioned to benefit.

Gold mining contributes about 7% to the country’s GDP. In 2023, Ghana’s gold exports soared by more than 50% to $11.6 billion, with roughly one-third of output coming from small-scale and artisanal miners.

As Africa’s leading gold producer, the nation has seen a major share of this growth come from small-scale and artisanal mining, which accounts for roughly a third of national output.

However, in recent years, artisanal and small-scale mining, often unregulated, has become increasingly prevalent.

While the law recognises small-scale mining as a legitimate economic activity, studies indicate that over 85% of operations remain informal and unregulated, occurring outside state oversight.

To curb smuggling and capture more foreign exchange, Ghana’s recently established gold regulator has increased its purchases from artisanal miners. Speaking in Accra, the regulator’s head, Gyamfi, said the move will help boost foreign reserves and stabilize the economy.

‘Some people are not made for fame’ – Ayisi

Ayisi is a Ghanaian musician Ayisi is a Ghanaian musician

Ghanaian musician Ayisi has explained that he took a break from the media and music scene to focus on personal matters but continued recording in the studio during that time.

In an interview on Joy Prime TV, the “Can I Live” singer shared that although he had stepped back from the media scene, he was never far from the music itself.

According to Ayisi, he was dealing with personal issues that needed his attention and even during that period, he continued to visit the studio to record songs.

“I took a break because I wasn’t going for interviews and was handling some personal stuff too. But I was always going back to the studio to record and getting ready for the right moment when everything had settled,” he explained.

Ayisi added that he didn’t want to rush anything. He preferred to wait for the right time to come back stronger.

“I’m not the type of person that will wait for everything to cool down before I’ll take actions,” he said.

The artiste noted that even though he wasn’t in the public eye, he was still focused on his music.

“I was still recording and going to the studio, doing what I should be doing and when the right moment came, I’m out here again,” he stated.

When asked whether he felt any pressure seeing other young artistes like KiDi and Kuami Eugene rise to fame, even though he started music before them, Ayisi answered that he has come to understand that not everyone is meant to chase fame.

“Now I’ve realized that some people are not made for the fame and all of the other stuff; some people are made for purpose,” he said.

Also watch as Robert Klah addresses Felicia Osei’s ticket incident at TGMAs

AK/EB

‘We’re not here to harm anyone’

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Some officials and Alfred Kumi (in blue T-Shirt and shorts) at his residence during his arrest play videoSome officials and Alfred Kumi (in blue T-Shirt and shorts) at his residence during his arrest

A video has emerged on social media platforms showing footages of the arrest of Alfred Ababio Kumi, also known as Adenta Kumi, at his residence in the early hours of Friday, May 23, 2025.

The video sighted by GhanaWeb, showed Alfred Kumi barefoot and casually dressed in navy blue-black shorts and a T-shirt, being escorted from his room to his house compound by armed security officials wearing bulletproof vests labeled “NIB”.

Among the voices heard in the footage was that of a distressed woman asking the officials where they were taking Kumi to.

Visibly shaken by the experience, the woman could be heard saying in a sorrowful tone, “Where are you taking him? They are taking him away.”

The officials instructed the woman filming the video to bring shoes for Kumi, who remained barefooted at the time – she complied and brought the pair of slippers as shown in the footage.

The officials attempted to prevent the person recording the video from continuing but Kumi could be seen and heard in the footage justifying the need for her to capture the exercise, stating that he did not know where he was being taken to and wanted to document it as evidence.

“She has to record this so that they will know where I am. Baby, record it because I don’t know where I’m going. Don’t be afraid, record it,” Kumi shouted.

The officials responded to this by stating that they were conducting their duties professionally and were not there to cause harm, as they sought to ease tensions and dispel any potential misconceptions.

“We are professionals, we are not here to harm anybody please. We are equally on camera and don’t want any issues. We are taking him to the National Intelligence Bureau (NIB) headquarters,” one of the NIB officials could be heard saying.

Alfred Kumi is currently involved in a petition to President John Dramani Mahama, seeking the dissolution of the committee investigating the removal of Chief Justice Gertrude Torkornoo over an alleged secret meeting.

Alfred Kumi, in his petition, cited allegations of misconduct which he believes could undermine the integrity of the inquiry being conducted by the Pwamang Committee into the removal of the Chief Justice.

Kumi alleged that on May 15, 2025, after the committee’s inaugural sitting, Justices Pwamang and Adibu-Asiedu along with Supreme Court Justice Yonni Kulendi were seen dining with Thaddeus Sory, counsel for petitioner Daniel Ofori at Santoku Restaurant in Accra’s Airport Residential Area.

He claimed they were overheard discussing matters related to the petition.

Watch the video below:

MAG/VPO

You can also watch the latest news on GhanaWeb TV below:

BREAKING: Cedi firms up to sell at GH¢10.83 to $1

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Ghana’s local currency, the cedi, continues its upward momentum on the interbank market, registering notable gains against major trading currencies, particularly the US dollar.

According to Bloomberg data sighted by GhanaWeb Business on Friday May 23, 2025, the cedi is currently selling at GH¢10.83 to the dollar on the interbank market as of 12:25 GMT, an appreciation that reflects growing market confidence in Ghana’s recent economic reforms and improved foreign exchange management.

The Bank of Ghana, in its daily interbank FX update, reported the cedi trading at a buying price of GH¢11.62 and a selling price of GH¢11.63 to the dollar.

This development represents a continued narrowing of the spread between buying and selling prices, suggesting greater stability in forex markets.

The local currency is also firming up against the British pound and the Euro. The pound is being bought at GH¢15.60 and sold at GH¢15.62, while the Euro is trading at GH¢13.11 (buying) and GH¢13.12 (selling).

On the retail market, where rates tend to be higher due to overhead costs and margins, GhanaWeb Business checks as of 9:00 AM on May 23, 2025, revealed that the cedi is exchanging at GH¢12.50 to the dollar at some forex bureaus.

Additionally, the pound is being sold at GH¢17.20, while the Euro is going for GH¢14.50.

Meanwhile, the continued appreciation of the cedi is being viewed as a positive sign by market watchers, especially in light of last year’s volatility, when the currency depreciated to nearly GH¢17 to the dollar.

With inflationary pressures easing and investor confidence on the rise, the currency’s performance is seen as a critical indicator of Ghana’s ongoing economic recovery.

SSD/MA

Kofi Adomah Speaks For The First Time Following His Recovery After Recent Eye Accident – Watch Video

Renowned Ghanaian journalist Kofi Adomah Nwanwani has finally shared a video of his new look following his recent harrowing incident that nearly cost him his sight.

Readers will recall that in December 2024, during the Kwafie Festival in Dormaa Ahenkro, a musketry display went awry, and gunpowder residue struck his eye, causing severe injury.

Nana Agradaa Denies Receiving Writ In GH¢20m Defamation Case

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Empress Gifty and Nana Agradaa

 

Evangelist Patricia Asiedu, widely known as Nana Agradaa, has denied receiving any official writ of summons from gospel musician Empress Gifty in connection with a reported GH₵20 million defamation lawsuit.

Speaking on Adom FM with OPD, Nana Agradaa stated clearly that she has not been formally served and only became aware of the lawsuit through social media.

“When someone sues another person in court, the person being sued needs to be handed over the writ of summons. As I speak to you, nobody has served me any court letter,” she said.

The writ, which surfaced online on May 21, 2025, accuses Nana Agradaa of making defamatory statements about Empress Gifty during a live broadcast on May 13, 2025.

Empress Gifty’s legal team argues that the comments have severely damaged her reputation, affected her family, and disrupted an upcoming international programme scheduled for August 2025.

In response, Nana Agradaa emphasized that legal procedures must be followed. “If anybody has an issue with me, I stay at Weija in Accra. In law, you need to come serve me the writ of summons,” she said. “If Empress has the guts to serve me the writ, she is welcome.”

The situation continues to unfold as the public awaits whether formal legal action will proceed.

GSE Records Over 30% GrowthIn First Quarter 2025

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Abena Amoah

 

The Ghana Stock Exchange (GSE) index recorded over 30 percent growth in the first quarter (Q1) of 2025, emerging as the best-performing securities market in the West African sub-region.

Managing Director of the GSE, AbenaAmoah, made this announcement in Accra during Kasapreko Company’s presentation at the “Facts Behind the Figures” forum.

She attributed the remarkable performance to renewed investor confidence and increased activity on the bourse.

“As of May 18th, the GSE equities market has recorded a very impressive performance. Our index is up over 30 percent, the best in West Africa. Our financial stock index is also up by about 33 percent. There is renewed investor confidence and robust market activity,” she stated.

According to her, the current positive economic outlook is expected to further boost the performance of the exchange and position it to outperform other markets across the continent by the end of the year.

Ms. Amoah also revealed that the GSE’s market capitalization currently stands at over GH¢143 billion, representing more than a 70 percent increase compared to the same period last year.

However, she noted that this growth still needs to be assessed in relation to the country’s Gross Domestic Product (GDP).

“In our Fixed Income Market, the volume traded so far is about GH¢87 billion, compared to GH¢57 billion at the same time last year – anincrease of about 53 percent. There is progress, but there’s still more to be done,” she added.

Meanwhile, Chief Executive Officer of Kasapreko Company Limited, Richard Adjei, announced the company’s plans to list approximately 25 percent of its equity shares on the main market of the GSE.

He said the move is part of Kasapreko’s strategy to drive growth and scale up investments across the African continent.

By Ebenezer K. Amponsah

Police Arraign Ruggedman, Others Over $130,000 Theft; Sunny Neji, Zakky Azzay ‘At Large’

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Nigerian rapper Michael Ugochukwu Stephens, popularly known as Ruggedman, was arraigned on Friday at Yaba Magistrate Court 1, Lagos, alongside three others, over allegations of burglary, conspiracy, and theft of $130,000 from the Performing Musicians Employers’ Association of Nigeria (PMAN) national secretariat in Lekki.
The arraignment follows a May 12, 2025, petition filed by PMAN’s legal representatives on behalf of the association’s National President, Pretty Okafor.
According to police sources, the

Interior Minister inaugurates 24-unit accommodation for GIS at Savelugu

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By Solomon Gumah

Savelugu (N/R), May 23, GNA – Government, through the State Housing Company, has constructed a 24-unit accommodation facility at Savelugu in the Northern Region for personnel of the Ghana Immigration Service (GIS).

Alhaji Muntaka Mohammed Mubarak, Minister for the Interior, who inaugurated the facility and handed it over to officials of GIS, said it was part of government’s broader efforts to improve the living conditions of security personnel across the country.

He said the facility was to provide decent accommodation for junior rank officers stationed at the Tamale International Airport.

He said: “The completion of this project stands as a beacon and testament to the government’s unwavering commitment to the welfare of security personnel and their families. It is our firm belief that when officers are well housed, they are better positioned to discharge their duties efficiently and effectively.”

Alhaji Mubarak commended the State Housing Company for its excellent work and extended gratitude to chiefs and other stakeholders, who played pivotal roles in making the project a reality.

Mr John Bawah, Managing Director, State Housing Company, said the partnership with GIS began in 2016 with the construction of a four-unit residential facility in Tamale, which was followed by two residential units in Wa and the renovation of the GIS Regional Commander’s residence in Bolgatanga.

He said: “We have many other projects in the pipeline with the GIS, especially in the north, including a regional office in Tamale, an office at Tatale and a post near Yendi.”

Mr Samuel Basintale, Acting Comptroller-General of GIS, expressed appreciation to the government for addressing the accommodation challenges faced by GIS officers.

GNA

Edited by Eric K. Amoh and Lydia Kukua Asamoah

Telecel Honours Epixode –

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Epixode

 

Telecel Ghana has applauded reggae-dancehall musician, Epixode, with the for Good Award at the 26th Telecel Ghana Awards (TGMAs) for his outstanding purpose-driven music, advocating against illegal mining and its environmental destruction in mining communities.

Epixode received a prestigious recognition plaque and a sum of GH¢20,000.

The award acknowledges Epixode’s efforts in bringing increased awareness to one of Ghana’s most critical environmental crises, illegal mining (galamsey) and its devastating impact on the nation’s forest reserves, poisoning rivers, and threatening livelihoods through his song titled ‘Chooboi’.

The for Good Award aims to appreciate artistes who go beyond their craft to use their influence for good causes, including environmental sustainability, youth mentorship, health, education, and social development.

Presenting the award to Epixode, Ing. Patricia Obo-Nai expressed the telco’s appreciation for musicians who actively promote initiatives for positive social change.

“Every year, we look forward to honouring musicians who go beyond their craft to champion positive social causes that deliver impact. I will encourage artistes to use their star power to advocate on issues that have a profound impact on people’s lives,” Ing. Obo-Nai said.

Following his recognition, Epixode, in a video message, expressed gratitude to Telecel Ghana for the recognition and advised fellow musicians to use their music not only to trend, but to transform.

“Melodies and lyrics should be used to stir consciousness, speak truth, inspire hope and challenge the system that holds the people in chains. Let’s add our voice to help stop galamsey now,” Epixode said.

Over the past five years, several artistes have been honoured for their impactful contributions through the then Green Award, which was merged into the for Good Award in 2024.

Last year, gospel artiste Eugene Zuta won recognition for his multi-approach advocacy against human trafficking.

In 2023, Worlasi got the honour for his ‘Giving Shade’ tree-planting project, which transformed areas of Accra into greener neighbourhoods.

Stonebwoy clinched the award in 2022 for his song ‘Greedy Men’, which highlighted socio-economic challenges which affect communities, including weak leadership, illegal mining, corruption and child labour.

The for Good Award underscores the power of music in driving social change in Ghana.

 

Telecel Group Rolls Out Digital Skills Training

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Moh Damush, Group CEO of Telecel Group

 

Telecel Group, a leading telecommunications provider, has reaffirmed its dedication to Ghana’s sustainable development through impactful Corporate Social Responsibility (CSR) initiatives focused on digital skills education.

This commitment is formalised through a strategic partnership with the Ministry of Communication, Digital Technology, and Innovations.

Central to Telecel’s initiative is the launch of the Startocode programme, a multilingual digital education platform built by Telecel to provide affordable and accessible coding education to students worldwide.

Now, Telecel will provide the Startocode free of charge to a significant number of Ghanaians who sign up through the government’s One Million Coders Programme (OMCP), further amplifying its commitment to inclusive and scalable education.

“We commend President Mahama for his visionary leadership in launching the One Million Coders Program,” said Moh Damush, Group CEO of Telecel Group. “By providing Startocode free of charge to a significant number of Ghanaians who enroll in OMCP, we are proud to support this national effort to empower the youth with vital digital skills that will transform lives and strengthen Ghana’s economy.”

Startocode’s platform is designed to deliver flexible, self-paced learning combined with mentorship and hands-on projects, ensuring an efficient and engaging educational experience. Its multilingual capabilities enable broader access, helping overcome language barriers and reaching a diverse student base across Ghana and beyond.

The Minister for Communication, Digital Technology and Innovation, Sam George, stated that, “The partnership between the Ministry and Telecel Group marks a pivotal moment in our mission to bridge the digital divide and ensure no Ghanaian is left behind in the digital era. TOMCP is not just about teaching code – it’s about unlocking potential, fostering innovation, and creating pathways to sustainable livelihoods for our youth across the country.”

“We are proud to collaborate with forward-thinking partners like Telecel who share our vision of inclusive digital empowerment. The integration of Startocode into OMCP brings world-class digital education within reach for every Ghanaian, particularly in underserved communities. This initiative is a testament to our commitment to building a resilient, future-ready digital economy,” he said.

By Samuel Boadi

CJ's Removal: If anyone is politicising the process, it is the NDC – Dame claps back at critics

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Godfred Dame (R) and Thaddeus Sory (L)
Godfred Dame (R) and Thaddeus Sory (L)

Former Attorney General and Minister of Justice, Godfred Dame, has mounted a strong defense for his representation of suspended Chief Justice Gertrude Torkornoo in her application, challenging her suspension and the ongoing hearing on three petitions for her removal.

Speaking in an interview on JoyNews on May 21, 2025, Dame refuted claims that his representation of Justice Torkornoo has politicised the ongoing proceedings on the petitions for Justice Torkornoo’s removal.

He asserted that it is rather the ruling National Democratic Congress (NDC) that has politicised the process.

He claimed that all the lawyers representing the three petitioners are known affiliates of the NDC.

“If there is any group of people who have politicised this process, it is the NDC government. Look at the band of lawyers representing the petitioners. Mr Tsatsu Tsikata, Mr Thaddeus Sory, a lawyer who has more record of representing all NDC figures in the past eight years and who is very much associated with the NDC, Oliver Barker-Vormawor, a young man who recently rose to popularity on account of all kinds of attacks against the NPP government and who is very much registered with the NDC, worked with President Mahama in his office and all that. These are people who are prosecuting the Chief Justice,” he said.

The former Attorney General further stated that his record of defending the judiciary is unmatched.

“And I feel it is about time that good men in this country stood for what is righteous and what is right. As far as I’m concerned, if there’s any Attorney General who right from his appointment, has stood up for the judiciary and has spoken against attacks on the judiciary, it is me,” he said.

BAI/VPO

You can also watch the latest news on GhanaWeb TV below:

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You can also watch the latest news on GhanaWeb TV below:

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Rainstorm Destroys Northern Regional Library

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Northern Regional Library destroyed by rainstorm

 

A rainstorm has caused significant damage to the Northern Regional Library in Tamale, in the Northern Region.

The rainstorm destroyed the library’s roof, as well as learning materials and other property.

The Northern Regional Director of the Ghana Library Authority, Mr. Aaron Kuwornu, who confirmed the incident, expressed concern about the library’s ability to continue its operations if the facility is not fixed on time due to the approaching raining season.

According to him, salvaged learning materials have been moved to a different room for safekeeping.

Mr. Kuwornu, however, warned that the library may have to close down if the situation is not addressed quickly.

“We want to appeal for urgent assistance and support else we will be forced to shut down the library, and I am not ready to do that,” he stressed.

He lamented about the negative impact a closure would have on students, particularly teenagers.

“A library is the heartbeat of every society. Without it, our students are likely to engage in negative activities to occupy their time instead of visiting the library to learn,” he pointed out.

The Northern Regional Library is the only public library serving the Tamale Metro and its surrounding areas in the Northern Region.

FROM Eric Kombat, Tamale

Comedy will blow up Ghana – Ghana Comedy Awards CEO calls for support

Dennis Boateng is a the Chief Executive Officer of the Ghana Comedy Awards Dennis Boateng is a the Chief Executive Officer of the Ghana Comedy Awards

Chief Executive Officer of the Ghana Comedy Awards, Dennis Boateng, has appealed to the government to give more attention and support to the Ghana’s comedy industry.

Speaking in an interview on Hitz FM, he emphasised that comedy has the potential to promote Ghana on the international stage just like music and tourism have done.

Dennis Boateng believes that the government has limited its view of the creative arts by focusing on only certain areas, while comedy, which is also a part of the creative space, is being overlooked.

“I think the government should go beyond looking at creatives in a certain way. When it comes to comedy, comedy is big. Trust me, if you pay attention to it, the music that is selling Ghana, the tourism that is selling Ghana, it will blow up. The comedy will blow up Ghana,” he stated.

He pointed out that comedy, if properly supported and promoted, could help market Ghana to the world and create opportunities for comedians and other performers.

He suggested that the same energy and investment being put into music and tourism should also be directed toward comedy.

Dennis also spoke about the Black Star Experience, the government’s flagship program for the creative arts.

He noted that after doing some research, he found festivals for film and theatre under the Black Star Experience but did not find anything dedicated to comedy.

“I did a little check. I saw the Black Star Movie Festival, I saw Black Star Theatre, but I didn’t see a Black Star Comedy Festival. I think that is a platform where we can actually do something nice for a weekend,” he noted.

He proposed the idea of introducing a comedy festival under the Black Star Experience. According to him, this festival could feature different forms of comedy including stand-up, skits, comedy films, and even performances from jugglers and magicians.

“We can have comedy theatres, comedy skits, comedy movies, stand-up comedy, jugglers, magicians, let’s put them all together for one weekend and say we are doing a Black Star Comedy Festival. It will be mind-blowing. This will put Ghana on another pedestal on the world market. It’s a big deal. Anyone listening can look at it. The government should also pay attention to it,” he said.

AK/EB

Also watch as Robert Klah addresses Felicia Osei’s ticket incident at TGMAs

Blow by blow account of Alfred Kumi’s arrest as narrated by his mother

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Alfred Kumi is a former NPP parliamentary aspirant for Adenta Alfred Kumi is a former NPP parliamentary aspirant for Adenta

Nana Ama Owusu, the mother of Alfred Ababio Kumi, a former NPP parliamentary aspirant for Adenta, has confirmed that her son has been arrested by individuals believed to be officials from the National Intelligence Bureau (NIB).

Alfred Kumi, who is currently involved in a petition to President John Dramani Mahama, seeking the dissolution of the committee investigating the removal of the Chief Justice over an alleged secret meeting, shared a post on his social media that he was receiving threats from national security operatives.

Confirming the incident in an interview with Asaase Radio on Friday, May 23, 2025, Nana Ama Owusu recounted that the officials arrived at their residence to carry out the arrest of her son.

She stated that the officials forcibly broke down his door after he informed them that he was preparing to wash up.

“NIB officials came to our house. He was bathing when they broke down his door which is now destroyed. The residence is two apartments and I live on the same compound with him,” she said.

Nana Ama Owusu, who appeared visibly shaken by the experience, further disclosed that the officials, numbering eight, arrived armed and in possession of documents she believed to be arrest warrants authorising them to detain her son.

“They [officials] were 8 in number who came to the house wielding guns. They [officials] came along with a document which I didn’t get the opportunity to see claiming it’s a warrant and identifying themselves as NIB. When they came, they said they wanted to have a conversation with my son only for them to arrest him and take him away. They arrived at the house around 5:30am and picked him up around 6 am,” she continued.

Also known as Adenta Kumi, his mother added that she has not heard from her son since he was taken away by the officials in the early hours of Friday.

“I haven’t heard from him since they took him away so I’m heading there right away. My son told the officials to give him some time to dress up since he was bathing but they did not allow him, breaking down his door with their gun.”

In a Facebook post on Friday morning, the Member of Parliament for Old Tafo, Vincent Ekow Assafuah revealed that Kumi was picked up about three hours earlier from his residence by eight armed men believed to be operatives of the National Intelligence Bureau (NIB).

Alfred Kumi, in his petition, cited allegations of misconduct which he believes could undermine the integrity of the inquiry being conducted by the Pwamang Committee into the removal of the Chief Justice.

Kumi alleged that on May 15, 2025, after the committee’s inaugural sitting, Justices Pwamang and Adibu-Asiedu along with Supreme Court Justice Yonni Kulendi were seen dining with Thaddeus Sory, counsel for petitioner Daniel Ofori, at Santoku Restaurant in Accra’s Airport Residential Area.

He claimed they were overheard discussing matters related to the petition.

Watch the video below:

MAG/VPO

You can also watch the latest news on GhanaWeb TV below:

Contractor payments to start soon pending Auditor-General’s report – Ato Forson

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Dr Cassiel Ato Forson met with officials from Ecobank Group on May 23, 2025 Dr Cassiel Ato Forson met with officials from Ecobank Group on May 23, 2025

The Auditor-General is expected to submit an interim audit report on outstanding contractor claims in the coming days, which will trigger the commencement of government payments.

This development was disclosed during a meeting between Minister of Finance, Dr Cassiel Ato Forson and Ecobank Group CEO Jeremy Awori.

The government inherited contractor arrears amounting to GH¢67 billion and has committed to auditing and settling these obligations over a four-year period.

An amount of GH¢13 billion has been allocated in the 2025 Budget to begin clearing verified claims.

The finance minister underscored the administration’s determination to prevent the accumulation of new arrears.

He referenced recent amendments to the Public Financial Management Act, aimed at introducing greater discipline and transparency in public procurement and contract management.

Ecobank, as the country’s largest financial institution, was encouraged to deepen its support for Ghana’s economic recovery efforts, particularly in private sector development and agriculture.

Ecobank’s CEO, Jeremy Awori, reaffirmed the bank’s interest in supporting Ghana’s recovery and indicated its readiness to scale up lending and strategic cooperation with the government.

The meeting was also attended by the Minister for Energy and Green Transition, John Abdulai Jinapor.

Watch Azamati’s impressive run in California to qualify for 2025 World Championships

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Benjamin Azamati has secured qualification to the 2025 World Athletics Championships Benjamin Azamati has secured qualification to the 2025 World Athletics Championships

Ghanaian sprinter Benjamin Azamati has qualified for the 2025 World Athletics Championships after recording an impressive 9.98 seconds to finish in first position.

The run, which took place in California, United States, saw him outpace his seven other competitors to emerge victorious despite starting from behind.

The run marks the sprinter’s season best and puts him in a tie for 17th on the official men’s 100m qualification list for the athletics meet.

His qualification adds to Ghana’s representatives at the global competition, as the 4×100 relay team has already booked their ticket to the event.

The 26-year-old reached the semi-finals at the Paris 2024 Olympic Games and recently did not participate in Ghana’s relay team for the Guangzhou World Relays to concentrate on training for the individual 100m race, which he has now accomplished.

Azamati holds the record as Ghana’s fastest man over 100m and has also played a pivotal role in the success of the 4×100 relay team.

Azamati and the other athletes will focus on preparing adequately to achieve successes at the Tokyo World Athletics Championships, taking place from September 13 to 21, 2025.

Watch Azamati’s run in the video below:

Meanwhile, watch as ADISEC win the 4×200 Boys finals at the 23rd Annual Inter schools and colleges

SB/EB

Nigerian government sues senator over assassination claims

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Natasha Akpoti-Uduaghan was suspended from the Senate after making sexual harassment allegations Natasha Akpoti-Uduaghan was suspended from the Senate after making sexual harassment allegations

The Nigerian government has pressed charges against a senator who accused one of the country’s top politicians of plotting to kill her.

In April, Natasha Akpoti-Uduaghan alleged that Godswill Akpabio, the Senate president, and Yahaya Bello, a former state governor, wanted to “eliminate” her. Both have denied the accusation.

Weeks before, Akpoti-Uduaghan had accused the Senate president of sexually harassing her – an allegation he has also denied.

The government has now filed charges with the High Court, saying Akpoti-Uduaghan’s assassination allegation defamed Akpabio and Bello.

In the charge sheet, seen by the BBC, Nigeria’s attorney general referenced a live interview broadcast by Nigeria’s Channels TV last month.

In the interview, Akpoti-Uduaghan spoke of “discussions that Akpabio had with Yahaya Bello… to eliminate me”.

The attorney general said this statement, and others made in the same broadcast, could harm Bello and Akpabio’s reputations.

Akpoti-Uduaghan has not responded publicly to the charges against her and no date has been set for her to appear in court.

The case marks the latest twist in a row that has engrossed Nigeria, raising questions about gender equality in the socially conservative nation.

Akpoti-Uduaghan is one of just four women out of 109 senators.

After accusing Akabio of sexual harassment in February, she was suspended from the Senate for six months without pay.

The Senate’s ethics committee said the suspension was for her “unruly and disruptive” behaviour while the Senate was debating her allegations.

However, Akpoti-Uduaghan and her supporters argued that the committee was targeting her because of the allegations she had made against the senate president.

In March, she told the BBC she felt the Senate “operates like a cult”. She also said that because her security detail had been removed, she feared for the safety of her two-year-old child.

Burna Boy Enlists Travis Scott On New Pre-Album Single, ‘Tatata’

Burna Boy has so far released “Bundle by Bundle,” “Update,” “Sweet Love,” and “Tatata” as songs to feature in his anticipated album, “No Sign of Weakness

Afrobeat superstar Damini Ogulu, popularly known as Burna Boy released a new collaborative track, “TaTaTa,” with American rapper Jacques Webster, professionally known as Travis Scott, on Wednesday.

Burna Boy announced the release of “TaTaTa” in an Instagram post on Thursday, as a roll-out track expected to be part of his upcoming eighth studio album, “No Sign of Weakness.” This album, which is set to be a reflection of Burna Boy’s personal and artistic growth, is highly anticipated by fans and critics alike.

Since PREMIUM TIMES reported Burna Boy’s planned performance with Drake at the 2025 Wireless Festival on 18 February, the Grammy-winning singer has been making waves to promote his eighth album.

“TaTaTa”, produced by Chillz Chilleaux and MillaMix, is a unique blend of Afrobeat and hip-hop, with a theme of sexual attraction and a hypnotic vibe. Burna Boy, demonstrating his versatility on the track, narrated an eventful lifestyle, but enjoyed it with sexual attraction.

The lyrics suggest a description of a typical woman’s body, while the title, “Tatata”, which is a slang used by internet users, is a euphemism for sexual intercourse. This choice of title adds a layer of depth to the song’s theme of sexual attraction.

Travis Scott reinforced early impressions made by the ‘Bundle by Bundle’ crooner to describe pleasurable experiences and performances. His contribution showcased his understanding of the Afrobeats sound, solidifying the growing cross-genre collaborations of Afrobeats stars with global singers.

Since the song’s release, Top Chart Africa reported in an X post that “Tatata” has claimed the top 40 on Apple Music..”

Burna Boy has so far released “Bundle by Bundle,” “Update,” “Sweet Love,” and “Tatata” as songs to feature in his anticipated album, “No Sign of Weakness”.

Hajia4Real Released From U.S. Prison?

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Hajia4Real

 

Social media buzzed on Thursday with reports that Ghanaian socialite and musician Mona Faiz Montrage, popularly known as Hajia4Reall, was released from the Federal Detention Center in Philadelphia.

The viral reports follow her 2024 sentencing, where she received a one-year and one-day prison term after pleading guilty to conspiracy to receive stolen money. The charge stemmed from her role in a romance scam ring that defrauded victims of over $2 million.

The one-day addition to her sentence qualified her for “good time” credit, a federal policy that allows early release for good behaviour.

In a court-approved arrangement, Hajia4Real is expected to voluntarily return to Ghana rather than be detained by U.S. immigration authorities. This self-deportation move helps her avoid the typical ICE processing that follows the incarceration of non-citizens.

Extradited from the United Kingdom in 2023, Hajia4Real admitted to knowingly receiving proceeds from the fraud scheme and agreed to forfeit significant assets as part of her plea deal.

Her legal troubles marked a dramatic shift from her high-profile image as an influencer and artist. Though her return to Ghana may be free of immigration hurdles, legal and public scrutiny could await her at home.

NPP condemns Adenta Kumi’s arrest as ‘disgrace to the rule of law’

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The General Secretary of the New Patriotic Party (NPP), Justin Frimpong Kodua, has strongly condemned the early-morning arrest of Alfred Ababio Kumi, popularly known as Adenta Kumi, describing the incident as a “disgrace” to the rule of law and a “shame” to the nation.

According to Kodua, he received a distress call from Mr. Kumi early Friday morning, reporting that approximately 20 armed men had surrounded his residence in Adenta, banging on his gate and demanding that he comes out.

Mr Kumi, speaking from inside the house, was reportedly unable to identify the men at the time.

“On my way to his residence, I received another call—this time from his wife—saying he had been taken away and that they told her he was being sent to an office,” Mr Kodua recounted.

The NPP General Secretary in an interview with JoyNews said that by the time he arrived at the house, Mr Kumi had already been removed from the premises.

He expressed shock at the state in which he found the property, stating that the front door had been destroyed and a woman living in the house had allegedly been assaulted with the butt of a rifle.

“It’s appalling that officers, whoever they may be, would act in this manner. What crime has Adenta Kumi committed?” Kodua questioned.

“This is someone who, acting as a responsible citizen, submitted a petition to the President after observing what he believed to be wrongdoing. He never received a response—only to be forcibly picked up without explanation.”

Mr Kodua criticised the authorities for failing to follow due process, suggesting the arrest was an act of intimidation.

“Are they trying to put fear into him? Are they trying to intimidate him? If someone has filed a petition, the right course of action is to invite them—not to storm their home without a warrant.”

Mr Kumi’s exact whereabouts remained unknown. However, Kodua confirmed that they had managed to pick the registration number of the vehicle used in the operation—WE 323-11—and had taken photographs of some of the individuals involved.

“We are now on our way to the National Security office to confirm whether he is being held there,” he added.

Background

The arrest comes shortly after Kumi submitted a petition to President John Mahama, calling for the dissolution of a committee investigating the removal of the Chief Justice.

Kumi, a former New Patriotic Party (NPP) parliamentary candidate for Adenta, alleged misconduct on the part of the committee members that, he claimed, could compromise the credibility of their inquiry.

In his petition, Kumi accused Justices Pwamang, Adibu-Asiedu, and Supreme Court Justice Yonni Kulendi of meeting with Thaddeus Sory—legal counsel for the petitioner Daniel Ofori—at Santoku Restaurant in Accra’s Airport Residential Area after the committee’s first hearing on May 15, 2025. Kumi claims the judges were overheard discussing issues related to the petition during the dinner.

A video of the supposed meeting has since gone viral online with many questioning the credibility of the content.

ALSO READ:

Govt To Borrow GH¢5.55bn In T-Bills

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Dr. Cassiel Ato Forson

 

The government will borrow GH¢5.55 billion on the treasury market today May 23, 2025, according to information available to Daily Guide.

This will be done via the issuance of 91-day, 182-day, and 364-day bills.

The funds will be used to settle maturing bills worth GH¢5.35 billion.

Demand for the short-term instruments has declined in recent times with the government missing its target for the third consecutive week.

Last week, investors submitted GH¢5.35 billion in bids, but the Treasury took only GH¢2.76 billion, a sharp pullback from the previous week’s full acceptance.

The auction fell short of the GH¢6.68 billion target and GH¢6.44 billion in upcoming maturities.

Yields on the 91, 182, and 364-day bills dipped week-on-week.

“We believe the Treasury’s selective acceptance reflects a deliberate effort to contain upward yield pressure despite tightening liquidity, as institutional demand shifts towards the Bank of Ghana’s 56-day bill, which raised GH¢10.9 billion last week. The segment-specific yield curve inversion between the 56- and 364-day bills is likely to persist, as we expect the MPC to maintain the MPR [Monetary Policy Rate] at 28% in its upcoming decision, adopting a wait-and-see approach amid the slight uptick in April’s month-on-month inflation”, Databank Research said.

In the near term, analysts anticipate modest auction uptake alongside continued yield compression.

A Business Desk Report

Western Region Anti-Galamsey Task Force intensifies fight against illegal mining

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By Emmanuel Gamson

Takoradi, May 23, GNA – The Western Regional Security Council has intensified its efforts in clamping down on illegal mining activities in forest reserves and water bodies within the Region.

In a recent anti-galamsey operation, the Council confiscated eight excavators, seven pump-action guns, 66 cartridges, and four mobile phones from illegal miners operating along the Ankobra River in the Evaloe-Ajomoro-Gwira Constituency.

Additionally, several water pumping machines and shelters belonging to the illegal miners were destroyed.

Brigadier General Musa Whajah (Rtd), Western Region National Security Liaison Officer, said farmlands, cocoa farms, and the Ankobra River were under severe threat due to illegal mining activities along Ampasie, Atongo Junction, Petro, and Dominase communities in the Evaloe-Ajomoro-Gwira Constituency.

He said: “Our site visit revealed extensive land destruction in the pursuit of gold, with several acres ravaged, and alarmingly, these mining activities are occurring less than a kilometre from the Ankobra River, posing a direct risk of contamination.”

He stated that the team would not relent in its efforts to rid forest reserves and water bodies of galamsey activities in the Region.

“I want to stress that this won’t be a one-off operation. We will conduct more operations and possibly deploy canoes to patrol the Ankobra and Pra rivers to ensure that they return to their normal state,” Brig. Gen. Whajah (Rtd) added.

He noted, however, that logistics had become a significant challenge in conducting operations, nonetheless these issues would not hinder their efforts.

“A key challenge has been logistics, but it hasn’t hindered our efforts to conduct operations.

“The devastation along the riverbanks sometimes also slows our movement and activities, but we are up to the task,” he said.

GNA

Mildred Siabi-Mensah/Kenneth Odeng Adade

3G Media Awards, Celebrity Bash Set For Oct 24

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Charles Ntiamoah-Mensah, CEO of 3G Awards

 

This year’s edition of the annual 3G Awards and Celebrity Bash, which will take place in New York (NY), has nominated a number of Ghanaian artistes, actresses and celebrities.

The event will take place on October 24, 2025 at the Ukrainian Youth Center, 301 Pallisade Avenue, Yonkers, NY 10703, and the evening promises a fusion of honour, celebration, and star-studded prestige. Red carpet begins at 7:00 pm, with the main show at 9:00 pm.

The awards scheme, according to the organisers, acknowledges the sacrifice and passion of unsung heroes from Ghana, Africa, and worldwide communities.

3G is initials for God, Global & Giving (Triple G, 3Gs) and the maiden event was launched in 2009, a year after releasing the 3G Magazine.

Each awardee is carefully chosen for their contributions, leadership, and influence in society.

Now in its 14th year, the 3G Awards has become more than just a ceremony, it’s a night of connection, celebration, and inspiration. It’s where purpose meets prestige, and where hard work, generosity, and impact are given their due recognition.

 

MCE joins forces with Regional Minister to boost security in Nkwanta South

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By Patience Tawiah

Nkwanta (O/R), May 23, GNA – In a bid to enhance security and community safety in the Nkwanta South Municipality, Mr. Joseph Awal Antwi, Municipal Chief Executive has conferred with Mr. John Kwadwo Gyapong, the Oti Regional Minister over pressing security concerns in the Municipality.

The meeting highlighted the leaders’ shared commitment to creating a secured environment for residents.

By pooling their efforts, they aimed to develop and implement effective strategies to strengthen security and promote peace in Nkwanta South.

During the engagement, relevant authorities, agencies, departments, and stakeholders were consulted to reinforce peace efforts.

The collaborative approach demonstrated the determination of local leaders to address security challenges and ensure the well-being of residents.

The initiative was expected to yield positive outcomes, making the Municipality safer and more secure for its residents.

The Nkwanta South enclave has been a centre of conflicts resulting in deaths, burning of properties and human displacements as well as protracted imposition of curfew to stem hostilities emanating from land disputes.

GNA

Edited by Maxwell Awumah and Lydia Kukua Asamoah

Dare To Dream

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Dr. Mahamudu Bawumia

 

Visionary leaders are innovative, their ideas in response to challenges serving as blueprints for the future.

The strength of the Cedi has attracted public attention and discussion in the past few weeks. It has also courted controversies among political players of the two dominant parties.

In an earlier commentary, we demanded that credit must be accorded where this is due.

The source of the strength of the Cedi against the dollar has continued to maintain its place on the front burner of public discussion, with propaganda playing out loudly expectedly.

We have observed that the man credited with the innovation which has witnessed the unusual strength of the Cedi has been prompted to pose a question.

It is a question which adds to the public discourse on what by all standards is a significant subject.

For a government which is not yet five months at the helm and has therefore not initiated any projects, let alone pay contractors among others, it is impossible for the monetary dividends being witnessed to be attributable to it.

This is an economy which President John Mahama said was criminally managed yet whose currency has posted such virility within five months.

We join Dr. Mahamudu Bawumia in asking what policy introduction the National Democratic Congress (NDC) government has initiated which accounts for the status quo?

There cannot a convincing answer to such a question. All that we would get is the usual propaganda rhetoric on the airwaves and social media.

Dr. Bawumia while talking about the depreciating local currency a few years ago, the reason for which among others is the whopping amount of money used to import oil annually, announced a solution: government buying gold and storing same would reverse the sorry state of the Cedi against foreign currencies.

Today, the storage of gold at the apex bank is a policy which is the brainchild of the former Vice President.

The phenomenal increase in the quantity of gold in the state’s vault and the Gold for Oil policy have both impacted on the strength of the local currency  beyond compare.

The change in name of the Precious Mineral Marketing Company to Ghana Gold Board (GoldBod) does not change the concept of the state buying gold and increasing the tonnage of the commodity.

Politics should be an occupation of integrity, not propaganda.

In an uncoordinated fashion, the NDC has the varied reasons for the state of the Cedi today.

On May 8, 2025, the Bank of Ghana Governor, Dr. Johnson Asiama was sincere when he said the current gold reserves are helping in stabilising the Cedi against foreign currencies.

On May 13, 2025, the Finance Minister, Dr. Ato Forson said the situation was the result of our gold and other frame policies while speaking during the inauguration of the GoldBod Board of Directors.

President John Mahama, on the other hand, on May 20, 2025, said the Cedi’s stability was anchored by 10.6 billion dollars reserves.

Sammy Gyamfi, on his part, stated on his Facebook page that the situation was not attributable to the accumulation of gold reserves, but because of the minister’s monetary policies.

The foregone represent the uncoordinated propaganda about the state of the Cedi today.

If the quantum of gold is responsible for the state of the Cedi today, who originated the concept of buying and increasing our gold reserves?

The post Dare To Dream appeared first on .

Are you an NPP journalist or an NDC journalist? – KSM decries media polarization

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Veteran comedian, filmmaker, and media personality Kwaku Sintim-Misa, popularly known as KSM, has taken a critical swipe at the current state of journalism in Ghana, lamenting its decline into sensationalism and political partisanship.

Speaking on The Career Trail programme aired on Joy Learning TV and Joy News, KSM expressed his dismay at what he sees as the erosion of professionalism in the media space.

NPP supporters mass up at Wontumi’s residence as NIB withdraws officers

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Supporters of the New Patriotic Party (NPP) thronged the residence of the party’s Ashanti Regional Chairman, Bernard Antwi Boasiako, popularly known as Chairman Wontumi, following an attempted arrest by officers from the National Investigations Bureau (NIB) and the Ghana Police Service on Friday, May 23, 2025.

The crowd, which steadily grew throughout the morning, gathered in protest against the presence of heavily armed security personnel who had earlier surrounded the property.

The motive behind the operation remains unclear. Chairman Wontumi, who was reportedly inside the house during the raid, assured officers that he would respond to their invitation on Monday, May 26, 2025.

As tensions escalated and party loyalists chanted slogans in defiance, the NIB reportedly ordered the immediate withdrawal of all officers from the scene.

While the atmosphere has since calmed, a strong contingent of NPP supporters continues to maintain a presence around the residence.

Addressing journalists, the party’s regional secretary, Kwame Adom-Appiah—who also serves as a member of Chairman Wontumi’s legal team—condemned the operation, describing it as unnecessary and poorly handled.

“When you are going to arrest someone and arrive with about 20 vehicles, when the person is neither a coup plotter nor has any intention to overthrow the government, I don’t think it is appropriate,” he said.

“Deploying that many cars is not only excessive but also a burden on the state. A simple invitation would have sufficed. And even if he failed to honour it, there are proper, lawful ways to effect an arrest.”

National Security storm Chairman Wontumi’s residence

Ghanaians pay GH¢65.5m in visa fees to Schengen countries in 2024

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Ghanaians pay GH¢65.5m in visa fees to Schengen countries in 2024 – Ghana Business News




















My husband is sleeping with his boss, I’m scared to lose him

File photo of a worried woman File photo of a worried woman

Dear GhanaWeb,

I’ve been married for over four years now. When we got married, things were difficult financially. At one point, my husband was unemployed, and I stood by him through it all. I even spoke to one of his friends to help him find a job because he was too shy to ask for help himself.

Eventually, his friend came through, and my husband landed a well-paying job. I was overjoyed. We have two children, and during the hard times, I was the one providing for our family. My husband is very hardworking, and I’ve always admired his dedication to his job.

But things started to change when his female boss entered the picture. She insists he accompany her everywhere, even though he’s not a driver or her personal assistant. He travels constantly with her, and anytime I express discomfort, he brushes it off, saying it’s because he’s smart and hardworking. He also tells me she pays him for the extra hours, so it’s worth it.

Still, something didn’t sit right with me. Then, I found a photo of the two of them at a pool—he was shirtless, and she was right beside him. When I asked about it, he casually said he had only taken her there and decided to swim too.

I tried to believe him, until a few days ago when I saw their chats.

What I found broke me. Photos of them in hotels—some where they were naked, others kissing, and several in pools and on beaches. Their messages were intimate and explicit. She had even sent him large sums of money, supposedly for him and the family. But I never saw any of that money. He continued to act like he was still struggling financially.

To make things worse, I found out he was recently promoted, something he never told me about. The messages made it clear: he’s in love with her. He’s not just with her for financial gain—he’s emotionally invested. He even talked about starting a family with her.

He has travelled with her to Dubai, lied to me about it, saying he was going to Kumasi for a new branch opening. He’s staying nights away, keeping secrets, and pushing us aside. I’m heartbroken.

I’m currently three months pregnant with our third child, and I don’t know what to do. Should I stay in this marriage for the sake of our children, or walk away with whatever dignity I have left? Is there still hope that I can be loved and happy again?

I’m lost, scared, and deeply hurt.

FG/EB

Watch as armed security men storm Chairman Wontumi’s residence

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Chairman Wontumi is the Ashanti Regional Chairman of the NPP Chairman Wontumi is the Ashanti Regional Chairman of the NPP

Armed security officials, purported to be officials of the National Intelligence Bureau (NIB), reportedly stormed the home of New Patriotic Party’s (NPP) Ashanti Regional Chairman, Bernard Antwi Boasiako, popularly known as Chairman Wontumi, on Friday, May 23, 2025.

Viral videos of the incident showed armed men at the entrance of the Ashanti Region NPP chairman’s home in Kumasi.

One of the videos showed security officials, some in police uniforms and others in plain clothes, alighting from white pick-up trucks.

Another video showed the supposed security officials knocking and banging at the main entrance gate of Wontumi’s home.

A report by Citi FM on Friday indicated that the security team was demanding access to the premises, which was locked on their arrival.

It is not clear why the security officials were at Wontumi’s home, but the government recently suspended the mining licence of his company, Akonta Mining, accusing it of engaging in illegal mining activities in the Tano Nimiri Forest Reserve in the Western Region.

Chairman Wontumi has refuted the accusation, stating that he is being targeted because of his bid to run for the National Chairmanship position of the NPP.

Watch the video from his residence below:

BAI/VPO

You can also watch the latest news on GhanaWeb TV below:

You can also watch the latest news on GhanaWeb TV below:

Government to borrow GH¢5.54 billion in May 23 auction

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The government aims to raise GH¢5.54 billion in its treasury bills auction on May 23, 2025 The government aims to raise GH¢5.54 billion in its treasury bills auction on May 23, 2025

The government aims to raise GH¢5.54 billion in its treasury bills auction today, May 23, 2025.

This target is GH¢1.14 billion lower than the previous week’s.

In its last treasury auction, the government rejected more than GH¢2.59 billion in bids, despite falling short of its GH¢6.68 billion target, deepening concerns over waning investor appetite for domestic debt.

Total bids submitted for the short-term instruments amounted to GH¢5.35 billion, falling GH¢1.33 billion short of the auction target. This marked the third consecutive week of undersubscription.

The auction was heavily skewed toward the 91-day treasury bill, which received GH¢4.36 billion in bids. However, only GH¢2.09 billion was accepted.

Investor demand for the 182-day and 364-day tenors also remained weak, with the government accepting GH¢513 million and GH¢154 million, respectively, out of the GH¢731 million and GH¢270 million tendered.

Yields on all three tenors eased modestly, reflecting recent monetary policy trends.

The 91-day bill declined by six basis points to 15.10%, the 182-day slipped to 15.68%, and the 364-day bill dropped to 16.78%.

SSD/MA

Kurt Okraku sends a strong warning to critics who accuse him of being a ‘thief’

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Kurt Okraku has cautioned people against defaming his personality Kurt Okraku has cautioned people against defaming his personality

Ghana Football Association (GFA) President Kurt Okraku has warned that he will take on individuals who make disparaging and false claims about his personality to tarnish his image in public.

He stated that people are at liberty to criticise his administration regarding happenings in Ghana football when there are setbacks or challenges.

However, he abhors the act where some individuals resort to raining insults on his personality, accusing him of thievery allegations in an attempt to air their grievances to the football governing body.

Speaking in an interview with GhOne TV, Okraku cautioned that those who dent his reputation in the public domain with false allegations will be dealt with appropriately.

“When I’m asked this question, sometimes I try to be sarcastic, sometimes I try to be very nice, and sometimes I try to joke. Normally, I only want to react to be honest with you, especially in public.

“But every Black Stars player has a Ghanaian account. If you insult me, okay. But if you defame me, I will not take it lightly. So if I’m not a thief and you’re calling me a thief, then we will have problems,” he said.

The GFA boss has been at the center of vehement public criticisms regarding issues with the Black Stars, Ghana Premier League, and other footballing activities.

Watch Kurt Okraku’s remarks below:

Watch as Shama SHS emerge overall champions at 2025 Sekondi Schools games

SB/EB

DR Congo strips ex-leader of immunity over treason charges

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Joseph Kabila did not appear before the senate to defend himself Joseph Kabila did not appear before the senate to defend himself

The Democratic Republic of Congo’s senate has stripped former President Joseph Kabila of his immunity, paving the way for his prosecution over his alleged backing of rebels in the east.

Authorities have accused him of treason and war crimes, saying there was a “substantial body of documents, testimony and material facts” linking Kabila to the M23 armed group, which has taken control of several towns in the mineral-rich east.

Kabila, 53, has not commented on the accusations but has in the past denied any connection with the insurgents.

Nearly 90 senators on Thursday voted in favour of his treason prosecution, while five opposed it.

“The senate authorises the prosecution and lifting of Joseph Kabila’s immunity,” declared senate Speaker Jean-Michel Sama Lukonde after Thursday’s vote.

The former president, who led the country between 2001 and 2019, did not appear before the senate to defend himself.

After stepping down, he was given the title of “senator for life”, which gives him legal immunity.

In order to pursue the charges against him, DR Congo’s military prosecutor had asked the senate to lift this privilege.

Kabila has been living outside the country, in South Africa, for the past two years. But at the beginning of last month he said he would be returning to help find a solution to the conflict in the east.

A few weeks later, there were reports that the former president had come back and was in Goma, one of the cities captured by the M23.

But these were denied by his political party, the People’s Party for Reconstruction and Democracy (PPRD).

Last month, the authorities banned the PPRD because of its “ambiguous attitude” to the occupation of Congolese territory by the M23.

Ordering the seizure of Kabila’s assets, Justice Minister Mutamba said the former president should return to the country and “face justice… and present his defence”.

Analysts say any trial of Kabila could further destabilise the country, which has been battling the M23 rebellion since 2012.

Kabila’s party termed his prosecution “pure theatre” aimed at distracting Congolese people from the main challenges facing the country, AFP news agency reported.

Kabila, a former military officer, took over leadership of the country in 2001 at the age of just 29, after his father Laurent Kabila, was assassinated.

While Kabila supported Tshisekedi’s rise to power, they later fell out and relations between their parties’ coalition formally ended in December 2020.

Kabila has retained significant power through his political party and his influence within the ruling coalition, potentially undermining Tshisekedi’s presidency.

Kabila left DR Congo in 2023, officially to study in South Africa.

Fighting between the M23 and the Congolese army and allied militia has continued in the east as the rebels attempt to expand their territory.

DR Congo and Rwanda, which denies accusations it backs the M23, may be edging towards a peace deal to end the fighting, which has seen hundreds of thousands of civilians forced from their homes in recent months.

The two countries signed a preliminary agreement in Washington last month and said they had agreed on a pathway to peace.

Last year, three M23 leaders were prosecuted in absentia by a military court and given death sentences for treason.

The government in March offered a reward of $5m (£4m) for help arresting the rebel leaders – Corneille Nangaa, Sultani Makenga and Bertrand Bisimwa.

Akrobeto Confirmed Safe After Accident At Konongo

In a recent incident that sent shockwaves through the entertainment community, popular comedian Akrobeto has been confirmed safe following a car accident while traveling to Kumasi. The incident occurred on Friday morning in the vicinity of Konongo, where the beloved television host was en route for a scheduled event.

Eyewitnesses report that the accident took place on a busy stretch of road, prompting immediate concern among fans and fellow entertainers. Akrobeto, known for his vibrant personality and humor on the show “Real News,” was reportedly driving when the vehicle encountered difficulties, leading to the collision.

Emergency services responded swiftly to the scene, ensuring that Akrobeto received the necessary medical attention. Fortunately, reports indicate that he sustained no serious injuries and was able to communicate with those around him shortly after the accident.

News of the accident quickly spread across social media platforms, with fans expressing their relief at Akrobeto’s safety. Fellow comedians, actors, and public figures took to their accounts to share messages of support and encouragement, emphasizing the importance of road safety and the well-being of their colleague.

“Thank God you’re safe! We were all worried,” tweeted one prominent comedian, capturing the sentiment of many who followed the unfolding story. The outpouring of love and concern highlights Akrobeto’s significant impact on the entertainment industry and his connection with fans.

This incident has reignited discussions about road safety in Ghana, particularly as many people travel for various events. Authorities and safety advocates are using this opportunity to remind drivers to remain vigilant and adhere to traffic regulations, especially during busy travel periods.

Road safety has become a pressing issue, with numerous accidents reported across the country. Advocates are calling for enhanced public awareness campaigns and stricter enforcement of traffic laws to reduce the number of accidents and ensure the safety of all road users.

Akrobeto, born Akwasi Boadi, has made a name for himself in the Ghanaian entertainment landscape. His unique blend of comedy and news commentary has resonated with audiences, earning him a dedicated following. As a host of “Real News,” he has become a household name, known for his humorous take on current events and his ability to engage viewers.

His contributions to the industry are significant, and many see him as a role model for aspiring comedians and entertainers. The outpouring of support following the accident is a testament to the affection and respect he has garnered over the years.

As Akrobeto recovers from the incident, plans for his upcoming engagements remain in place. His management team has announced that he will continue to fulfill his commitments, albeit with a renewed focus on safety. Fans can expect to see more of him in the coming weeks as he resumes his role on “Real News” and engages with audiences across various platforms.

In conclusion, while the accident was a frightening experience for Akrobeto and his loved ones, the positive outcome serves as a reminder of the resilience of individuals in the entertainment community. The support from fans and colleagues alike underscores the importance of solidarity in times of distress, as the industry continues to rally around one of its most cherished figures. As discussions about road safety persist, the hope is that such incidents can be minimized in the future, ensuring safer journeys for all.

Source

Chris Brown Released On £5m Bail After UK Assault Charge

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Chris Brown

 

American singer, Chris Brown, has been released on bail after being charged with assault in the UK. He was accused of attacking music producer, Abraham Diaw, with a tequila bottle at a London nightclub in 2023.

Brown was arrested on May 15, 2025, in Manchester. A UK court has now granted him bail for £5 million. He had to pay £4 million right away and must pay the remaining £1 million within a week. He also had to give up his passport, except for travel related to his music tour.

Despite the serious charges, Chris Brown is allowed to continue with his upcoming world tour, which begins in Amsterdam on June 8 and includes several shows in the UK.

NPP supporters storm Chairman Wontumi’s residence [Video]

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Scores of New Patriotic Party (NPP) supporters thronged the Kumasi residence of Ashanti Regional Chairman Bernard Antwi Boasiako, popularly known as Wontumi, on Friday morning following reports that the premises had been surrounded by armed National Security operatives and police officers.

The development sparked tension, prompting several senior regional party officials to visit in a show of solidarity.

According to his aide, Oheneba Nana Asiedu, Chairman Wontumi was home with his wife and a domestic staff member when the security personnel arrived.

While the motive behind the operation remains unclear, Asiedu confirmed that Wontumi had been invited by police earlier in connection with ongoing investigations into the operations of Akonta Mining.

ALSO READ:

Eduwatch calls for legal backing of National Apprenticeship Programme

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Africa Education Watch (Eduwatch) has called for the legalisation of the National Apprenticeship Programme to ensure its continuity and prevent future governments from abandoning it.

This call was made during a young people’s forum on Thursday, May 22, which seeks to address youth unemployment and close the skills gap.

EDUWATCH believes legal backing will help ensure proper funding, monitoring, and results.

In an interview with the Executive Director of EDUWATCH, Kofi Asare, he underscored the failure of numerous apprenticeship programmes in the past due to a lack of support and strong policy to influence their sustainability.

“One challenge has to do with sustainability. It’s always been a struggle. We’ve seen a tendency to do a legal and policy framework. If they remain in conventions, they will not be sustainable. But if we put them into law and then also develop different budgets to finance them consistently, then we have a structured model as well.

“We must institutionalise apprenticeship programmes. And we must do so at the law, policy, and also at the budget level, so that consistently we have funding, we can monitor progress, and also we have knowledge to guide competition”.

Organised by Eduwatch with support from Oxfam and FOSDA, the forum focused on making apprenticeships more inclusive, environmentally sustainable, and digitally forward.

Kofi Asare, highlighted critical challenges within Ghana’s apprenticeship system.

“Youth unemployment stands at 14.7%, and our current apprenticeship models remain disconnected from the digital and green sectors,” he stated.

The forum highlighted that only 20% of TVET students feel digitally ready, and a mere 25.6% are aware of green skills despite growing labour market demands in sectors like solar energy, sustainable agriculture, and recycling.

In terms of inclusivity, statistics show that 74% of TVET enrolments are male, revealing a persistent gender gap. Participants discussed the need for disability-responsive training, gender-neutral campaigns, and accessibility improvements in training centres.

Young attendees also proposed forward-thinking solutions, such as integrating digital marketing, AI, and robotics into trade training.

The association also urged the youth to contribute ideas for a reimagined apprenticeship framework.

Defence Minister accuses NPP gov’t of neglecting Presidential jet

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Defence Minister Dr. Edward Omane Boamah has taken a swipe at the previous New Patriotic Party (NPP) administration, accusing it of running down Ghana’s Presidential jet and leaving it in a deplorable state.

Addressing recent concerns about the condition of the aircraft, Dr. Boamah reminded the NPP of what he described as its poor stewardship of the jet while it was under the care of the Ghana Armed Forces.

Governor explains economic gains – MyJoyOnline

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The Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has asserted that the early signs of macroeconomic stabilisation are largely the results of recent policy actions by the central bank as well as improvement in external and domestic fundamentals.

He said the decline in inflation to 21.2 per cent last month had been shaped by a combination of monetary tightening, relative exchange rate stability, and easing of non-food inflation.

“In March this year, the committee responded decisively to the inflation by raising the policy rate by 100 basis points to 28 per cent.

“Preliminary evidence suggests that this action has contributed to dampening inflation momentum and, importantly, the cedi has appreciated by nearly 19 per cent between April and May, helping to ease imported inflation pressures and restoring public confidence,” Dr Asiama said.

Again, the Governor stressed that the appreciation of the cedi reflected a combination of factors that included prudent monetary policy, improved market sentiments and external sector gains.

MPC meeting

Dr Asiama stated this at the opening of the 124th Monetary Policy Committee (MPC) meeting in Accra yesterday.

Apart from the mandated members of the MPC attending the meeting, four advisors appointed by the central bank, as well as the President of the Ghana Union of Traders’ Associations (GUTA), Joseph Obeng, participated in the meeting.

The three advisors are the Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye; the Dean of the University of Cape Coast Business School, Professor John Gatsi; a former International Monetary Fund (IMF) Resident Representative, Dr Francis Kumah; and a director at the central bank, Franklin Belnye.

The MPC meeting is expected to, among others, assess monetary policy outcomes and impact on the markets over the previous quarter and assess the outlook.

The members would ascertain whether the observed rate of change in the exchange rate appreciation is sustainable; how durable the return of market confidence could be, and the implications of those dynamics on inflation forecast over the medium term.

Dr Asiama also said there were encouraging signs of macroeconomic progress that needed to be sustained going forward.

For instance, the country had reached a staff-level agreement with the International Monetary Fund (IMF) on the fourth review of the Extended Credit Facility (ECF) programme, he said.

The Governor added that although some prior actions remained outstanding under the ECF key performance indicators, the trajectory was positive.

Additionally, he said, the recent S&P Global Ratings upgrade of Ghana’s sovereign rating from selective default to CCC+ further affirmed the progress that had been made so far in managing the economy.

“External reserves have strengthened, the trade balance has improved, and consumer and business confidence indices are rising steadily. However, significant challenges persist,” he added.

Dr Asiama said although there had been stabilisation in macroeconomic conditions, the path ahead remained complex and fraught with risks, both global and domestic. 

He said it was in that regard that the MPC meeting needed to make far-reaching decisions to consolidate the gains made thus far.

The Governor said the current format of the MPC, which included both internal advisors and external MPC members, had significantly sharpened the focus of the bank on key policy issues.
 

More work

Dr Asiama said in spite of the gains that had been made in terms of the macroeconomic environment, more work needed to be done to improve upon the situation.

He said while the inflation outlook was improving, the situation remained vulnerable to second-round effects, including food supply constraints, especially from northern Ghana and the Sahel, as well as external price shocks, particularly given the volatile global commodity markets.

Again, Dr Asiama said geopolitical tensions and evolving global trade dynamics, including the recent United States-led tariff disputes, had heightened market uncertainty and could affect commodity prices, exchange rates and financial flows in emerging markets such as Ghana’s.

Monetary policy review

Dr Asiama said it was in that regard the central bank had commenced a comprehensive review of its monetary policy implementation framework “to transition from reliance on the unremunerated cash reserve ratio to a more active open market operation regime, including the use of longer-tenor BoG instruments.”

He said the monetary policy review was intended to enhance policy transmission, improve liquidity management, and allow greater room for credit expansion to the private sector.

“As we approach our deliberations, we must carefully assess whether the current monetary policy stance remains adequate to drive disinflation without undermining the fragile growth momentum,” Dr Asiama charged the team.

He stressed that the credibility of the MPC depended on the committee’s ability to respond decisively and proportionately to evolving economic realities. 

Context

The Ghana cedi extended its upward momentum against major trading currencies into the third week of May, showing significant appreciation since March this year.

Data from the Bank of Ghana showed that the cedi strengthened from GH¢15.53 to GH¢13.09 per dollar on the buying rate between March 12 and May 12, 2025, while the selling rate improved from GH¢15.55 to GH¢13.10.

Similar gains were recorded against the pound sterling, with the buying price rising from GH¢20.09 to GH¢17.42 and the euro from GH¢16.96 to GH¢14.74 over the same period.

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.