The International Monetary Fund (IMF) anticipates that Ghana’s public debt will fall to roughly 60 percent of Gross Domestic Product (GDP) by the close of 2025, crediting the improvement primarily to the nation’s recent debt restructuring initiative. Speaking at a media briefing in Washington, D.C., on Thursday, 11 September 2025, IMF Communications Director Julie Kozack...
Author: Baina Media (Baina Media)
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IMF Backs Bank of Ghana’s New Forex Rules to Strengthen Cedi and Boost Market Transparency
The International Monetary Fund (IMF) has thrown its support behind the Bank of Ghana’s (BoG) newest foreign exchange regulations, calling them a move toward reinforcing the cedi’s position as Ghana’s exclusive legal tender while enhancing openness in the forex market. During a press conference on Thursday, September 11, 2025, IMF Communications Director Julie Kozack stated...
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Nine Forests Reclaimed as Gov’t Cracks Down on Galamsey in Reserves
Government has intensified its crackdown on illegal mining, reclaiming nine previously captured forest reserves and pledging to outlaw mining in all reserves. President Mahama disclosed that a repeal of LI-2462 was underway to formally end mining concessions in protected forests. “Not a single license has been issued since I assumed office, and none will be,”...
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Big Push Roads Programme Begins Next Week
President John Dramani Mahama has announced the commencement of the long-awaited Big Push programme, with a first phase dedicated to rehabilitating critical road networks across the country. In a highly anticipated media encounter on Wednesday, September 10, President Mahama disclosed that nearly GHC 14 billion of oil and gold revenues had been earmarked for the...
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Over 200 Loot Cases Under Probe – President Vows Justice
President Mahama has assured Ghanaians that his administration is committed to retrieving stolen state resources and prosecuting those found culpable. Updating the media on the ongoing “Operation Recover All the Loots,” the President revealed that over 200 cases were under active investigation, with about 80 individuals interrogated so far. Several high-profile prosecutions, including the SkyTrain...
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Gov’t Steps Up Education and Health Funding to Renew Public Confidence
The President has reaffirmed education and health as the twin pillars of his administration’s “reset agenda,” promising that no Ghanaian will be left behind in access to quality services. He announced that government had refunded fees to 120,000 first-year students in tertiary institutions under the No-Fee Stress Policy, with additional support to come under the...
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Inflation Falls, 24-Hour Economy Takes Off – Prez Mahama
President Mahama has assured Ghanaians that the government’s prudent economic management is yielding tangible results, with inflation dropping to its lowest in nearly four years and the cost of living easing across households. Speaking at his first major media encounter since assuming office eight months ago, the President said inflation had reduced sharply from 23.8%...
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BoG’s Exit from Forex Market Exposes Cedi’s Strengths and Weaknesses- Mahama
President John Mahama has disclosed that the Bank of Ghana (BoG) has halted its interventions in the foreign exchange market — a decision that, he says, has laid bare both the resilience and vulnerabilities of the cedi. Addressing journalists at his first media engagement on Wednesday, September 10, the President explained that the move followed...
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GHAA Congratulates Hon. Abdul Rauf Tanko on Appointment as Ghana Hajj Board Chairman
The Ghana Hajj Agents Association (GHAA) has officially extended its heartfelt congratulations to Hon. Abdul Rauf Tanko following his appointment as the new Chairman of the Ghana Hajj Board. In a formal statement issued by the GHAA National Secretariat, the association praised Tanko’s prior leadership and expressed optimism for the future of Hajj operations under...
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Police Restore Calm in Sampa After Chieftaincy-Related Violence
The Ghana Police Service has restored calm in Sampa following violent chieftaincy disturbances on 10th September 2025, which left one person dead and several others injured. In response to the unrest, the Inspector-General of Police ordered the deployment of reinforcement teams to the town to stabilize the situation. Security has since been beefed up, with...