President John Dramani Mahama has made a bold promise to Ghanaians, assuring them that his administration will turn the country’s economy around by the end of his four-year term. In his first State of the Nation Address of his second term, delivered to Parliament on February 27, Mahama acknowledged the severe economic challenges facing Ghana,...
Category: Business
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2025 SONA: President Mahama Assures Bondholders of Prompt Payment
President John Mahama delivered a reassuring message to bondholders during his first State of the Nation Address (SONA) on February 27, 2025. He pledged to uphold all financial commitments, ensuring that bondholders receive their payments in full. Mahama’s promise aimed to calm the nerves of bondholders, particularly retirees, who had grown anxious about the impact...
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NPP govt never defaulted on coupon payments since restructuring of Domestic Debts – Amin Adam
Since the restructuring of the Domestic Debts, the previous New Patriotic Party (NPP) government did not default on coupons, former Finance Minister, Dr Mohammed Amin Adam has said. Buffers were also built in the Debt Reserves Accounts to support upcoming debt service obligations such as the 4th coupon payments, he said. Dr Amin Adam explained...
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Oil marketers reject Gold-for-Oil impact on fuel price decline
The Chamber of Oil Marketing Companies (COMAC) has pushed back against claims that the previous government’s Gold-for-Oil (G4O) policy was a key driver in reducing fuel prices. It argues that global market dynamics—not the initiative—led to the price drops. Ghana introduced the G4O policy in December 2022, with the first consignment arriving in January 2023....
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Gov’t to Meet Transport Unions Over Fare Hikes Amid Rising Fuel Prices
The government is set to meet with the transport unions today, February 11,regarding proposed fare hikes in response to the ongoing rise in fuel prices. This discussion comes amid growing concerns from commuters and transportoperators about the financial strain caused by fluctuating fuel costs and their effect on transportation services across the country. The move...
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2024 Global Corruption Perception Index: Ghana Scored 42 Out Of 100
The 2024 Corruption Perception Index (CPI) has ranked Ghana with a score of 42 out of 100, a slight decline from its 2023 score of 43. This was announced in apress release from the Ghana Integrity Initiative (GII), the local branch ofTransparency International, on February 11. The drop in score signals a setback in the...
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Ghana and Australia Partner to Boost Food Production – Prof. Opoku-Agyemang
Ghana’s Vice President, Professor Naana Jane Opoku-Agyemang, is pushing for a stronger agricultural partnership between Ghana and Australia to tackle food production challenges. She believes that combining Australia’s agribusiness expertise with Ghana’s abundant arable lands will yield mutual benefits. During a meeting with Australian High Commissioner Berenice Owen-Jones, Professor Opoku-Agyemang emphasized the potential for a...
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Armah-Kofi Buah to Meet Traditional Leaders to Combat Galamsey
Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has unveiled plans to tackle the menace of illegal mining, popularly known as galamsey, by partnering with traditional leaders. This move aims to protect Ghana’s forest reserves and water bodies by promoting a regulated and sustainable mining sector. During his first day in office, Armah-Kofi Buah...
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Ghana Standards Authority issues guidelines on cement use for construction
The Ghana Standards Authority (GSA) has specified the appropriate type of cement for construction projects to ensure structural integrity and safety. The announcement is part of a public education campaign led by the Cement Manufacturing Development Committee (CMDC) under the Ghana Standards Authority (Manufacture of Cement) Regulations, 2023 (L.I. 2480). According to the GSA, the...
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New Leadership at Ghana Shippers Authority: Prof. Ransford Gyampo Appointed Acting CEO
Professor Ransford Gyampo, a renowned academic and political analyst, has been appointed as the Acting Chief Executive Officer of the Ghana Shippers Authority by President John Dramani Mahama. This appointment marks a significant milestone in Prof. Gyampo’s distinguished career, which spans over two decades in academia, governance, and public policy. As a Professor of Political...