Kofi Ahovi

  The Bank of Ghana (BoG) injected $2.01 billion into the foreign exchange market in June 2026, its largest monthly intervention this year, helping the cedi record its first monthly appreciation against the US dollar in 2026 amid sustained pressure on the local currency. Data available show that the central bank sold $1.2 billion through its Forex Intermediation Programme, conducting auctions twice weekly throughout June. The amount met the Bank's monthly auction target, although commercial banks submitted bids worth $3.42 billion, underscoring the strong demand for foreign exchange. Demand for dollars remained elevated throughout the month as businesses continued to meet import obligations and rebuild inventories. The June auctions were undertaken under the Domestic Gold Exchange Programme, one of the Bank's key initiatives to improve foreign exchange liquidity and support exchange rate stability. Beyond the auctions, the central bank injected an additional $811 million throug...

  Black Stars head coach, Carlos Queiroz, has bid an emotional farewell to Ghana following his stint with the Black Stars, reflecting on his tenure with a call for long-term structural improvements in the country’s football development system. In a Facebook post addressed to Ghana, Queiroz said football, like life, teaches the lesson that “you either win or you learn,” adding that he leaves with pride in the progress made but also a sense of “healthy dissatisfaction” and the belief that more could have been achieved. I leave this journey with pride in what we achieved, but also with the healthy dissatisfaction of those who always wanted more,” he said. “Reaching a higher level should never be the destination—it should be the beginning of even greater ambitions.” Queiroz stressed that the future success of the team would depend not only on on-field performance but also on strong institutional support and preparation structures. The future of the Black Stars will not be built only on...

  Traditional authorities have expressed growing frustration over what they describe as their exclusion from key mining decisions and the inequitable distribution of mineral royalties, calling on government to reform the country's mining governance framework. The President of the National House of Chiefs, Ogyeahohoo Yaw Gyebi II, said successive governments have consistently failed to consult chiefs before granting mining leases on customary lands, despite traditional authorities being the custodians of those lands. Speaking to journalists on the sidelines of a mining forum in Accra, he argued that excluding chiefs from the licensing process undermines community participation and weakens accountability in mining host communities. "When I say government, I am referring to successive governments in this country. When they are granting mining leases, they don't inform Nananom, they don't get us involved, even though Nananom owns the land in this country," he said. H...

  MobileMoney Fintech LTD (MMFL) has commenced a nationwide Know Your Customer (KYC) update exercise for all Mobile Money (MoMo) Agents and Merchants as part of efforts to strengthen the security of Ghana's mobile money ecosystem, improve the accuracy of customer records, safeguard businesses against fraud and other financial crimes, and meet regulatory requirements. The exercise, which is currently ongoing, will end on October 31, 2026. To support the exercise, MMFL has set up designated hotspot locations in various towns where Agents and Merchants can update their records through the Smart Onboarding Portal. They may also complete the update independently via https://momoonboarding.mtn.com.gh/login . Agents and Merchants should have the following documents available before starting the update: A valid Ghana Card Relevant business registration documents, such as a Business Registration Certificate Form A or C Municipal or District Assembly Certificate The update process takes onl...

  The National Drug Law Enforcement Agency has arrested a 67-year-old Nigerian-British grandmother, Mary Barek, for allegedly attempting to smuggle 13 kilograms of cocaine concealed in fake plantain peels through the Murtala Muhammed International Airport, Lagos. The agency said the suspect, who works as a caregiver in the United Kingdom, was arrested at the departure hall of Terminal 2 of the airport on Sunday, June 28, while attempting to board a Virgin Atlantic flight to London. According to a statement released on Sunday by the NDLEA Director of Media and Advocacy, Femi Babafemi, a thorough search of the suspect’s luggage led to the discovery of 31 large wraps of cocaine disguised as hands of plantain and packed alongside other food items. Babafemi said, “A thorough search of her bags resulted in the discovery of 31 big wraps of cocaine which were packaged to appear like plantain hands, weighing a total of 13 kilograms. In her statement, the elderly woman admitted full ownershi...

 Chief Executive Officer of the Ghana Chamber of Mines, Ing. Kenneth Ashigbey, has called for a careful balancing of government revenue mobilisation and investor confidence, warning that policy uncertainty and an increasingly high government take could undermine Ghana's competitiveness as a leading mining investment destination. Speaking to journalists on the sidelines of the Ghana Chamber of Mines Mining Forum in Accra, held under the theme "Strategic Mining, Value Retention and Development," Ing. Ashigbey said while Ghana must maximise returns from its mineral resources, it must do so without discouraging the investment needed to sustain the sector. He explained that Ghana's mining legal and regulatory framework has historically positioned the country as one of Africa's most attractive destinations for mining investment. However, recent policy changes, particularly around taxation and mining lease renewals, risk weakening that competitive advantage. Our legal f...