The National Petroleum Authority (NPA) has introduced a new price floor for petroleum products for the second pricing window of February, requiring Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) to adhere strictly to the set minimum prices. The directive, effective from February 16 to 28, 2025, mandates that no company should sell fuel below the established threshold, with violators at risk of facing potential sanctions from the regulator. The price floor for petrol and diesel has been set at GHȼ12.56 and GHȼ 13.45 per litre, respectively, while LPG has been fixed at GHS 14.26 per kilogram. The move...
Allow state agencies to probe ‘ghost names scandal’ – NSA boss
The Director General of the National Service Authority (NSA), Felix Gyamfi, has urged The Fourth Estate to allow state agencies to complete their investigations into the ghost names scandal before drawing conclusions. His remarks follow President John Dramani Mahama’s directive for an inquiry into 81,885 suspected ghost names on the NSA payroll. Presidential Spokesperson and Minister of Government Communications, Felix Kwakye Ofosu, stated that the irregularities were uncovered during a headcount of active national service personnel. The audit was initiated at the request of the Minister for Finance, Dr. Cassiel Ato Forson, as part of efforts to clear outstanding allowance...
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 that the NPP government paid a total of GHS17.25 billion in Payment-In-Cash (PIC) and GHS9.77 billion in Payment-In-Kind (PIK) to bondholders. Also, he said, individuals who did not tender their bonds were paid coupons amounting to GHS515.17 million at various times between 2023 and 2024,...
Ablakwa vs Kusi Boateng: Court Sets March 4 for Ruling on Witness Testimony”
The High Court is set to rule on March 4, 2025, whether Victor Kusi Boateng, also known as Kwabena Adu Gyamfi, must testify in his ongoing defamation case against Samuel Okudzeto Ablakwa. Kusi Boateng, who filed the defamation suit against the Member of Parliament, concluded his case after presenting two witnesses: his brother, Samuel Kusi Boateng, and Dr. Paul Opoku Mensah of the National Cathedral. However, Ablakwa’s legal team has subpoenaed Kusi Boateng to testify in their defense, a move that was strongly opposed by Kusi Boateng’s team. Despite the objections, the court ordered Kusi Boateng to appear in person...
Gyakye Quayson Trial: High Court to Decide Fate of Assin North MP on March 3
The Accra High Court has scheduled March 3 to decide whether the prosecution has presented a strong enough case against James Gyakye Quayson, the Member of Parliament (MP) for Assin North, to require him to open his defense. Quayson is facing charges including deceit of a public officer, forgery of passports and travel certificates, making a false statutory declaration, perjury, and false declaration for office. At the last court session, the prosecution applied to recall their fifth witness, Latif Oshenu. During his cross-examination, Oshenu informed the court that a page was missing from an exhibit he had previously submitted. The...
2025 Independence Day Celebration to be held solely at Jubilee house
President John Dramani Mahama’s administration has decided to scale back this year’s Independence Day celebrations, hosting the event exclusively at Jubilee House as part of an effort to cut costs. Felix Kwakye Ofosu, the Minister of State for Government Communications, announced the change, explaining that the previously planned regional rotational celebrations have been suspended. The 2023 Independence Day event, which was held in Ho, cost the country an estimated GH¢15 million. Ofosu emphasized that the government is focused on prudent financial management while fulfilling its core responsibilities. He noted that while the celebration had traditionally been held in the capital,...
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. The program was designed to stabilize fuel prices by purchasing petroleum products with gold. However, COMAC contends that the policy accounted for just 10% of the country’s monthly fuel consumption at inception and peaked at only 30%. COMAC maintains that ex-pump prices in Ghana had...
Ashanti Regional Police Commander removed over Council of State election chao
The Ashanti Regional Police Commander, DCOP Frank Abrokwa, has been removed from his post, sources from the Police Headquarters have confirmed to Citi News. His reassignment follows the violent disruption of the Council of State election in Kumasi on Tuesday, February 11, 2025. The election descended into chaos when a group of unidentified thugs stormed the voting center, disrupting the sorting and counting of ballots. Eyewitnesses reported that the assailants overturned tables, destroyed ballot boxes, and scattered voting materials, forcing Electoral Commission (EC) officials to suspend the process. The unrest is believed to have been triggered by the unexpected defeat...
OSP declares Ken Ofori-Atta wanted in multiple corruption cases
The Office of the Special Prosecutor (OSP) has officially declared former Finance Minister Ken Ofori-Atta a suspect in four high-profile corruption investigations, including cases related to the National Cathedral project, Strategic Mobilization Limited (SML), and two undisclosed matters. Speaking at a press briefing on Wednesday, Special Prosecutor Kissi Agyebeng stated that Ofori-Atta is now a wanted person and must return to Ghana immediately to face questioning. He warned that failure to comply would result in steps being taken to compel his return. Dismissing claims that Ofori-Atta had left the country for medical treatment, Agyebeng insisted that the former minister must...
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 follows a statement from the Ghana Private Road Transport Union (GPRTU), one of the country’s largest transport unions, which has indicated thatthe threshold for fare increases has been reached due to consecutive fuel price hikes throughout January. The GPRTU explained that the ongoing surge in...