Kofi Ahovi

  Ghana's public debt stock has risen sharply, increasing by over GH¢70 billion in just three months, driven by the cedi's significant depreciation against the US dollar in the third quarter of 2025. According to latest Bank of Ghana data, the total public debt has now reached GH¢684.6 billion, with projections indicating it could exceed GH¢700 billion by year-end if the cedi's struggles continue. The cedi's 24% loss in value against the US dollar in Q3 has largely fuelled this debt increase, undoing some of the gains made in Q2 when it appreciated by over 40%. This recent depreciation has wiped out some of the debt reduction achieved through prudent management and appreciation earlier in the year. Earlier in the year, Finance Minister Dr. Cassiel Ato Forson had reported a significant improvement in Ghana's debt profile, citing prudent debt management and exchange rate appreciation, with debt declining from GH¢726.7 billion in December 2024 to GH¢613 billion by June...

Ghanaians can look forward to a merrier Christmas with cheaper fuel prices on the horizon. According to Gabriel Kumi, Board Chairman of the Chamber of Oil Marketing Companies (COMAC), global petroleum prices are falling, and consumers are set to benefit from mid-December. Speaking on PM Express Business Edition, Kumi said, "Fortunately, Ghanaians are going to have a very good Christmas in terms of petroleum prices, because already the indication is that the price of finished petroleum products is going down." He provided specific decreases in prices, noting that diesel has seen a 10% decrease, petrol has dropped by 6%, and LPG has also seen a 1-1.5% decrease. The only major condition for these reductions to reflect in pump prices is the stability of the Ghanaian cedi. If the cedi is held in check, then we can be sure that on the 16th of December, prices of petroleum products will generally go down," Kumi said. He explained that this drop will take the country throu...

  The Customs Brokers Association of Ghana (CUBAG) has renewed its commitment to professional excellence, technology-driven operations and strategic partnerships to support sustainable trade growth, following its 2025 Annual General Meeting (AGM) held in Koforidua. The AGM, which attracted customs brokers, regulators, traditional authorities and private sector partners, was held under the theme “Empowering Progress: CUBAG’s Commitment to People, Technology and Partnerships for Sustainable Growth.” Addressing the gathering, President of CUBAG, Nana Fredua Ofori-Atta, described the meeting as a significant milestone, marking the association’s third consecutive AGM and reflecting steady institutional progress for the 33-year-old professional body. He highlighted key achievements over the year under review, including enhanced member welfare, strengthened advocacy and expanded training programmes aimed at improving professionalism within the customs brokerage industry. As customs broker...

 The Vice President of Colombia, H.E. Francia Elena Márquez Mina, on Friday, 12th December 2025, led a high-level business delegation to the Ghana Ports and Harbours Authority (GPHA) as part of efforts to explore investment opportunities and deepen bilateral trade relations between Colombia and Ghana. The delegation was received on behalf of the Director-General of the Ghana Ports and Harbours Authority by the Director of Port of Tema, . Tebon Zumah, along with management officials of GPHA. The visit aimed at identifying areas of mutual business interest while strengthening economic and commercial ties between the two countries. Vice President Márquez Mina underscored the critical role ports play in national economic development, stressing the need for stronger collaboration between ports in Colombia and Ghana to drive growth and shared prosperity. She noted that Colombia is pursuing a vision to reconnect with the world through strategic trade partnerships, adding that Ghana holds ...

 Maggi, in partnership with popular food brand Aduane Pa, on Saturday, December 13, 2025, hosted a colourful edition of the Maggi Fufu Party in the Park at Ghud Park in Accra, bringing together lovers of Ghanaian food, culture, and music. The event, which ran from the afternoon into the evening, was designed as a grand appreciation gesture to loyal Maggi consumers while celebrating Ghana’s rich culinary heritage. Speaking at the event, Deborah Kwabla, Corporate Communications and Public Affairs Manager for Nestlé Ghana, said the inspiration behind the Fufu Party was to express gratitude to consumers who have supported the Maggi brand over the years. The inspiration for the Fufu Party that we are all experiencing this afternoon into the evening is basically to say thank you to our cherished consumers. Maggi has a close association with many Ghanaian cuisines, and today we are here with our partner, Aduane Pa, to bring the Maggi experience to life,” she said. She added that the vibra...

 MTN Ghana Foundation has officially inaugurated the Vegetable Center of Excellence, an investment exceeding GHC3 million, at the University of Ghana’s School of Agriculture. The facility, which was handed over prior to the national farmers' day celebration, will be managed by the agronomic solutions provider Defarmercist. It aims to equip students of the School of Agriculture and other Ghanaian youth with practical agricultural skills that will empower them to pursue careers in agriculture. The program will also provide students with practical skills in crop management, irrigation systems, and sustainable farming methods. Additionally, it will extend opportunities to unemployed youth and smallholder farmers seeking to expand their farms and enterprises. The solar-powered facility features three greenhouse structures, a fully equipped training and conference room, and administrative offices, along with boreholes and water reservoirs to ensure a sustainable and consistent water supp...

 For years, Newmont’s presence in Ghana has been defined not only by responsible mining, but by a deliberate effort to invest in people. From life-saving health interventions to transformative educational opportunities, the company’s community-focused initiatives continue to draw national recognition. In recent months, several reputable institutions have highlighted Newmont’s long-term commitment to improving the lives of vulnerable groups, affirming the company’s role as a strategic partner in Ghana’s social development agenda. Newmont’s sustained investment in uplifting individuals and communities, particularly the most vulnerable, has been acknowledged and affirmed by key partners. The latest of such recognitions came from the Noguchi Memorial Institute for Medical Research (NMIMR), which highlighted Newmont’s long-standing support for hepatitis B vaccinations. Acknowledging the high prevalence and rapid spread of Hepatitis B in Ghana – and the urgent need for intervention to pr...

 The Minister for Local Government, Chieftaincy and Religious Affairs, Hon. Ahmed Ibrahim, has declared Zoomlion Ghana Limited and its parent, Jospong Group, an indispensable partner to the nation, stating that modern governance and environmental health are inseparable from the Group's work. Speaking at the Jospong Annual Thanksgiving Service 2025, on Friday, December 12, at its Group head office at Ashaley Botwe-Nmai Djorn the Minister provided a sweeping endorsement of the conglomerate’s integral role in national infrastructure. As a nation, we cannot discuss environmental sanitation, waste management, public health, the green economy or modern local governance without acknowledging the remarkable contribution of the Jospong Group,” Hon. Ibrahim stated emphatically. He detailed the extent of the partnership, revealing that “through Zoomlion Ghana Limited and its sister companies, Jospong has become an indispensable partner to the 261 Metropolitan, Municipal and District Assemblie...

  President of the Ghana Chamber of Mines, Michael Edem Akafia The President of the Ghana Chamber of Mines, Mr. Michael Edem Akafia, has called on government to urgently pass a Minerals Revenue Management Act to ensure greater transparency, accountability, and sustainable use of Ghana’s mineral wealth. He made the appeal during the 11th Ghana Mining Industry Awards (GMIA) held last Friday at the Movenpick Hotel in Accra. Addressing a distinguished audience of policymakers, diplomats, mining executives, and industry stakeholders, Mr. Akafia said the time had come for Ghana to adopt a structured framework similar to what exists for petroleum revenue. According to him, such legislation would strengthen public confidence in the management of mining proceeds and secure long-term benefits for both present and future generations. A Minerals Revenue Management Act will deepen transparency, improve accountability and ensure that mineral revenues are used more efficiently and equitably,” he ...

  The Ghana Chamber of Mines has expressed profound appreciation to the Government of Ghana for scrapping Value Added Tax (VAT) on exploration activities, an intervention the industry describes as timely, strategic, and essential for sustaining the country’s long-term mineral potential. The announcement was made during the 11th Ghana Mining Industry Awards (GMIA) held at the Movenpick Hotel, where Ing. Dr. Kenneth Ashigbey, Chief Executive Officer of the Chamber, hailed the policy decision as a bold commitment to strengthening Ghana’s competitiveness as a mining investment destination. Speaking at the ceremony, Dr. Ashigbey emphasised that the removal of VAT on exploration in the 2026 Budget is more than an administrative change; it represents a transformative incentive that will stimulate new exploration, de-risk investments, and help replenish the nation’s mineral reserves. This intervention is not just an administrative adjustment; it is a bold commitment to attracting new inves...

  Michael Edem Akafia, President of the Chamber The Ghana Chamber of Mines has renewed its call for stable and predictable mining policies, emphasising that long-term investment and sustainable industry growth depend heavily on policy consistency. The appeal was made during the 11th Ghana Mining Industry Awards (GMIA) held at the Movenpick Hotel in Accra. In his address, Mr. Michael Edem Akafia, President of the Chamber, underscored that Ghana stands at a critical point in its mining journey, one marked by global competition, heightened societal expectations, and the need for investor confidence. He noted that fluctuating regulatory frameworks, particularly in fiscal regimes, pose significant risks to mining companies whose investments span decades. Mining investments are capital-intensive, high-risk, and multi-decade in nature,” he stated, urging government to prioritise a consistent, transparent and balanced policy environment that supports both national interest and business gro...

The Chinese Ambassador to Ghana, H. E. Tong Defa, has expressed concern over the widespread negative reportage that suggests that Chinese nationals are predominantly involved in illegal mining popularly known as galamsey in Ghana. Speaking at the opening ceremony of a three-day mining capacity-building event for senior journalists in Aburi in the Eastern Region, he emphasized that only a handful of Chinese individuals are engaged in galamsey, but media reports often imply that the entire Chinese community in Ghana is involved. The Chinese Ambassador Urged the media to fair and provide accurate reporting on galamsey. We urge the media to report accurately, comprehensively, and objectively," the Ambassador said. The Ambassador also addressed questions about the masterminds behind illegal mining, highlighting the need for strict policies and advanced technologies to combat the issue. Who are the big bosses behind those small mining operations? Who is funding them?" he asked, add...

  Woodin has partnered with sustainable fashion brand Cacao to launch a limited-edition readyto-wear collection that redefines African fashion. This Collab combines Woodin's iconic prints with Cacao's trendy designs, creating a fresh fusion of style and versatility perfect for the modern fashion enthusiast. Cacao, is a brand that focuses on promoting sustainability, Harnessing the power of Ecofriendly materials, repurposing sewing industry off-cut, and up cycling waste from Ghanaian communities. The Woodin x Cacao collection is more than just a partnership. It’s a movement, Kwaku Bediako Oduru who’s the visionary leader behind Cacao is passionate about Redefining Africa fashion for the modern era, proving that style and Sustainability can go hand in hand. Cacao is a year old but already making waves globally. Not only is it the first African brand to have been licensed by the NBA for the Basketball African League, but it has also been featured in BBC World Service’s Flagship po...

 Ghanaian-American journalist and founder of TheAfricanDream.net, Oral Ofori, delivered a stirring address at the 9th Pan-African Congress in Lomé, Togo, calling on Africa, and the continent’s governing bodies to reclaim Africa’s narrative from stereotypes, and encourage the continent to tell its own stories. The congress was held under the auspices of the African Union (AU), and was formally endorsed by the AU through Decision Assembly of the 36th Ordinary Session of the AU Assembly of Heads of State and Government in February 2023, aligning it with the AU’s “Decade of African Roots and the African Diaspora (2021-2031).” The event, hosted by the Togolese government under the patronage of President Faure Gnassingbé, forms part of broader AU initiatives to promote Pan-Africanism, Agenda 2063, and Africa’s role in global governance, with involvement from AU institutions, member states, and the diaspora. Speaking on the theme  “Strategic Diplomacy and Communication – Positioning ...

  Yapra Rural Bank PLC at Prang in the Bono East Region has constructed and handed over a three-unit classroom block with ancillary facilities to the Prang D/A No. 1 Primary School, offering long-awaited relief to pupils who for years studied in a deteriorating structure. The GH¢390,000 project replaces a dilapidated block that previously housed lower primary classes and had long been deemed unsafe. The school, established in 1947 and currently enrolling 273 pupils, is expected to see significant improvements in safety and teaching conditions following the upgrade. The commissioning of the new facility coincided with the 40th anniversary celebration of Yapra Rural Bank. Addressing the gathering, the Board Chairman, Baabotin Terah Musah, said the intervention underscores the bank’s belief that its mandate extends beyond financial intermediation to meaningful contributions to community development. He highlighted the bank’s longstanding support for education through scholarships, sch...

  Kintampo Rural Bank PLC in the Bono East Region, has reinforced its commitment to boosting agricultural financing as part of a broader strategy to enhance food security, strengthen rural livelihoods and promote sustainable development across its catchment areas. As part of this commitment, the bank allocated GH¢52,000 to support the 2025 National Farmers’ Day celebrations across its six operational districts—Kintampo North, Kintampo South, Techiman North, Techiman South in the Bono East Region, and Central Gonja and West Gonja in the Savannah Region. The funds were used to procure prizes—including knapsack sprayers, deep freezers, wellington boots, cutlasses, fertilizers and soaps—which were presented to female award winners across the participating districts. The Chief Executive Officer of the Bank, Martin Mensah, observed that supporting rural farmers, particularly women, is an essential component of its inclusive agribusiness agenda. Over the years, Kintampo Rural Bank has bec...

  Principal Finance Officer at the Ghana Investment Promotion Centre (GIPC), Paul Boye, has announced that the GIPC will soon be rolling out a series of major reforms aimed at easing regulatory compliance, accelerating investor onboarding, and improving the ease of doing business in Ghana. The reforms include a new Customer Relationship Management (CRM) system that will transform how investors engage with the GIPC throughout their business lifecycle. According to Boye, the digital platform, which is 85 percent complete, will allow the Centre “to manage, track, evaluate and engage the entire lifecycle of investment projects, providing investors anywhere in the world seamless access to GIPC support.” Boye also announced the development of a Virtual One-Stop Shop (VOSS), a centralised digital platform that will house all key regulatory services—such as company registration, sector licensing, and investment approvals—under a single system. The Virtual One-Stop Shop will drasticall...

 As part of its 2025 Annual Thanksgiving Service, the Jospong Group of Companies (JGC) on Thursday, December 11, embarked on a massive evangelism mission within the Adjrigarnor enclave where its head office is located to win souls for Christ. Led by the Jospong Group's Chaplain, Reverend Peter Nelson Adu, and staff members, they defied the morning rains to spread the gospel to residents within Adjirigarnor and its surroundings. They held placards some of which read: "In Him Is Life", "Salvation is Free", "The Lord Has Always Been Faithful", "Jesus Christ is The Salvation" among others. Earlier, in a powerful and uplifting sermon, the President of Dominion Theological Seminary of Action Chapel International, Bishop Emeritus James K. Saah, has reminded believers of God's unwavering faithfulness. According to him, God's faithfulness with the Jospong Group cannot be overemphasised. Speaking on the theme "The Faithfulness of God,...

 The Adidome Community Library, the district's first public library, has officially been inaugurated, providing a hub for reading, research, and literacy advancement. The library was donated by the E.P. Church, with resources and books provided by the Ghana Library Authority, the CH Group Foundation, Transformational Leadership Concepts (TLC), and local partners. Education is the cornerstone of development. This library is more than just a building; it is a realized dream and a tool to empower minds that will transform Mafi, Central Tongu, and Ghana," said Togbe Kwasinyi Kakaklolo Agyeman V, Dufia of Adidome during the inauguration. "The library reflects my long-standing vision for the town. Let this library be your place of discovery. Become innovators, thinkers, and nation-builders. Your future begins here," Togbe Agyeman V urged young people. The District Assembly pledged to ensure ongoing maintenance, including cleaning, security, and operational support. "W...

  By Kingsley Asiedu Suriname’s ambassador to Ghana has signaled strong support for her country’s participation in the Regal Influence Summit 2026 following a diplomatic meeting on Tuesday with the summit’s organizers. H.E. Fidelia Graand-Galon, Suriname’s ambassador to Ghana, met with a team led by Rev. Kennedy Okosun, Executive Chairman of Krif Foundation to discuss Suriname’s potential role in the high-profile business and leadership conference scheduled for Jan. 23–25, 2026. The summit is expected to convene government officials, entrepreneurs and investors from across the region and beyond. During the meeting, Rev. Okosun formally invited Surinamese representatives — including private-sector leaders and government officials — to join the event. He emphasized the summit’s goal of strengthening economic and diplomatic ties across emerging markets and expanding platforms for investment collaboration. Ambassador Graand-Galon welcomed the invitation, describing the summit as an opp...

  The Importers and Exporters Association of Ghana (IEAG) has commended President John Dramani Mahama for abolishing the COVID-19 Health Recovery Levy, effective January 2026. The move is expected to reduce the cost of doing business for importers and exporters. We warmly commend His Excellency President John Dramani Mahama for assenting to the COVID-19 Health Recovery Levy Repeal Act, 2025," said Samson Asaki Awingobit, Executive Secretary of IEAG. "This reflects the government's responsiveness to the concerns of the private sector and demonstrates its commitment to restoring a more business-friendly tax environment." The IEAG also praised the government for revising the Value Added Tax rate from 21.9% to 20% and noted the stability of the Ghana cedi against major international currencies. The association acknowledged the government's efforts to ease the cost of doing business, including the scrapping of the E-Levy. "We applaud the Mahama-led government and...

 MTN Ghana has successfully graduated 80 young professionals from its 2025 Graduate Development Program, an initiative designed by the telecommunications company to promote the inclusion of women in the business. The graduation ceremony, held on November 20, 2025, at the Marriott Hotel in Accra, brought together participants from across MTN’s African markets. Abdallah Ibrahim, the Acting Chief Human Resource Officer for MTN Ghana, emphasized MTN’s intentional strategy to increase the number of women in its workforce. “We have leveraged the Graduate Development Programme to drive female representation within the company. About 60% of the graduate delegates are women and a key initiative in our quest to reach 50% female representation by 2030,” he stated. Abdallah confirmed that this intentional approach is already transforming the organization, highlighting the notable increase in the overall representation of women in recent years. “Since we began this journey to increase female re...

 MTN Ghana is observing this year's 16 Days of Activism Against Gender-Based Violence with the theme “Unite to End Digital Violence Against Women and Children.” The campaign is taking place in various parts of the country. During the launch event with over 100 students from the Police Depot Cluster of Schools at Tesano, Adwoa Afriyie Wiafe, MTN Ghana's Chief Corporate Services and Sustainability Officer, emphasized that this year's campaign aims to protect everyone, especially women and children, from digital violence. She mentioned that MTN is working closely with the Domestic Violence and Victim Support Unit (DOVVSU) and the Cyber Security Authority to raise awareness about the risks and impact of harmful online behaviors. “We are already familiar with physical forms of gender-based violence. However, as more of our life is spent online, so has abuse also moved to the digital space, showing up as cyberbullying, harassment, and other harmful online actions, most of which d...

A  Ebenezer Asante, Senior Vice President of MTN Group, called for stronger alliances between academia, government and industry to foster a generation of African innovators prepared to shape the continent’s technological future. He made this address at the 2025 graduation ceremony of Accra Technical University (ATU), themed “Emerging Technologies: How Prepared is the ATU Graduate?” During his speech, Asante urged young African graduates to take the initiative in shaping the continent’s technological destiny by becoming creators and innovators rather than mere consumers of digital technology. He stated, "The curious, tech-savvy graduate of the 21st century will not only use technology but will also shape it with foresight and a sense of shared human purpose." Referring to the World Intellectual Property Organization (WIPO) 2023 Report, Asante noted that Africa's share of global technology patent filings has decreased from 4.4% a decade ago to 3.2% in 2023, despite the cont...