Kofi Ahovi

  Global oil prices have risen as Iran continues to launch strikes across the Middle East in response to ongoing attacks by the US and Israel. Brent crude, the global benchmark for oil prices, jumped by 10% to touch more than $82 a barrel on Monday after at least three ships were attacked near the Strait of Hormuz at the weekend. Natural gas prices also surged by as much as 25%. Iran warned vessels not to pass through the crucial waterway in the south of the country, through which about 20% of the world's oil and gas is shipped. In London, the FTSE 100 stock market index opened nearly 1% down with shares in airlines falling after airspace was closed across the Middle East. Leading stock markets in Europe sustained bigger drops. In France, the CAC-40 fell by 1.6% while Germany's Dax dropped by 1.7%. Meanwhile, the price of gold, which is viewed as a safe-haven asset during periods of uncertainty, added 2.3% to $5,395.99 an ounce. International shipping has almost come to a stand...

  By Nancy Evelyn Korkor Oheneba-Dornyo Banking is often seen as a numbers game—figures on screens, reports, projections, and targets. Yet behind every loan approval, treasury trade, risk assessment, or customer decision is a human mind working under pressure. In Ghana’s fast-evolving financial sector, bankers are required to think clearly and act decisively in environments shaped by regulatory demands, economic uncertainty, digital transformation, and intense performance expectations. Mental resilience has therefore become not just a personal asset, but a professional necessity. The Reality of Stress in Ghana’s Banking Sector Ghana’s banking industry has experienced significant changes over the past decade. From sector clean-ups and stricter regulatory oversight by the Bank of Ghana to heightened competition and the rise of fintechs, professionals in the industry are constantly adapting. These changes, while strengthening the system, have increased cognitive and emotional demands ...

 A 42-year-old woman and her three sons have drowned in an abandoned illegal mining pit at Wassa Dunkwa in the Amenfi West Municipality of the Western Region. The tragic incident occurred on Saturday afternoon when the family reportedly went to fetch firewood near a galamsey site. An eyewitness told Joy News that residents in the area often visit the location to collect dried cocoa trees for firewood. According to the eyewitness, after gathering the firewood and placing it by the roadside, the children decided to swim in a nearby pit left behind by illegal miners. The pit, which had been filled with water, turned fatal when the children began to drown. Their mother, upon noticing the distress of her children, rushed in to rescue them. However, she was unable to save them and also drowned in the process. The bodies were retrieved and conveyed to the morgue at the Catholic Hospital in Asankragwa. Police at Asankrangwa have commenced investigations into the incident. Assembly Member f...

  MobileMoney LTD has signalled its intention to take legal action against what it describes as misinformation circulating on social media following a viral TikTok video alleging a Mobile Money (MoMo) fraud incident. While acknowledging the right of individuals to share their experiences, the company cautioned against what it described as unverified public commentary that could mislead customers and damage trust in digital financial services. At MobileMoney LTD, we remain committed to transparency, customer protection and factual public discourse,” the company said. “However, where misinformation threatens our reputation and service integrity, the Company may take legal action or any other measures it deems appropriate.” The firm did not specify the nature of the potential legal action but maintained that it reserves the right to protect its brand and reassure customers. In a statement issued in Accra on March 1, 2026, the company responded to claims made in a video posted by the ...

Scancom PLC (MTN Ghana) paid a total of GHS10.5 billion in direct and indirect taxes to the Government of Ghana in 2025, up sharply from GHS8.6 billion in 2024, underscoring its growing contribution to the national fiscus as earnings and shareholder returns strengthened significantly. The telecoms leader delivered robust financial results for the year ended December 2025, with profit after tax climbing 55.9 percent to GHS7.8 billion, compared with GHS5.03 billion in the previous year. Earnings per share rose in tandem by 55.9 percent to GHS0.5923, reflecting improved operational performance and sustained revenue expansion. Revenue and profitability momentum Service revenue increased by 36.2 percent year-on-year to GHS24.4 billion, driven primarily by strong growth in data consumption and Mobile Money services. The company’s Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) grew even faster, rising 43.5 percent to GHS14.7 billion. As a result, the EBITDA margin im...

 The  Ghana Football Association  (GFA) has assured the public that it is closely monitoring the situation in the Middle East following recent developments that have raised concerns about the safety of the Black Queens, who are currently in the region preparing for an international tournament. In response, GFA President  Kurt Okraku met with the team to appeal for calm and reassure them of the Association’s full support.   Black Queens He noted that within the past 24 to 48 hours, the GFA has engaged key stakeholders to determine the appropriate course of action. These include Ghana’s mission in the United Arab Emirates, the Ministry of Foreign Affairs, and the Association’s security advisers. Meanwhile, the Minister for Foreign Affairs,  Samuel Okudzeto Ablakwa , and the Minister for Sports and Recreation,  Kofi Adams , have both reached out to the team to express the nation’s support during this period. The GFA has urged the public to remain calm as...