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 noted that the restructuring process had substantially reduced Ghana’s debt load. “The recent debt restructuring agreement has significantly improved Ghana’s debt service indicators,” she stated, adding that the brighter outlook has opened room for economic recovery and new investment inflows. Mrs. Kozack characterised the progress...
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 that the measures are in line with wider initiatives to protect financial stability and uphold anti-money laundering (AML) protocols. “The Bank of Ghana’s latest directives are intended to reinforce the role of the cedi as the sole legal tender in the country. They’re meant to...
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,” he emphasized. He revealed that over 440 excavators and 900 water pumps had been seized, with some pumps handed over to farmers for irrigation. A new “Blue-Water Guard” force of 2,000 personnel is being recruited to protect rivers and forests. “Our Tree for Life initiative...
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 programme this year, with projects such as the Ofankor and Sawam roads already receiving close to GHC 1 billion to ensure completion by mid-2026. District Assemblies are also set to benefit from increased Common Fund disbursements, with allocations for model markets, boreholes, CHPS compounds and...
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 and National Service Authority cases, are at various stages in court. “For the National Cathedral case, we are awaiting a forensic audit from the Auditor-General,” he disclosed, adding that dockets were also being prepared for the Buffer Stock and Drip Equipment cases. He insisted that...
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 broader Student Loan Plus scheme. Persons with disabilities are also benefitting from a Free Tertiary Education Policy, while the Ghana National Research Fund has been established with an initial GHC 50 million allocation to boost local innovation. On health, the President disclosed that the 2025...
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% in December 2024 to 11.5% in July 2025. “For the first time in years, brands and businesses are actively advertising their price reductions, a sign that recovery is not only real but tangible,” he noted. He also announced that Ghana’s credit rating had been upgraded...
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 several months of sharp appreciation of the local currency. “And so yes, Bank of Ghana has been intervening in the forex market, but they’ve withdrawn. And what happened was that, because of the rapid appreciation in the value of the cedi, we saw an exponential...
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 his renewed stewardship. The congratulatory message, signed by GHAA Chairman Alhassan Zakaria, acknowledged Tanko’s previous contributions to the Hajj process and emphasized the need for continued collaboration and reform. “Your reappointment is a testament to your dedication and the trust reposed in you by the...
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 intensified patrols in Sampa and surrounding communities to prevent further violence. Police say the swift intervention was aimed at protecting lives and property, while ensuring that peace is maintained in the wake of the clashes. Investigations into the incident are ongoing, with authorities assuring the...