Skip to main content

Posts

Mahama Sacks 541 Akufo-Addo Appointees - Kwakye Ofosu

 The Mahama administration has revoked 541 public sector recruitments, appointments, and promotions made in the dying days of the Akufo-Addo government, following a comprehensive review by a presidential committee set up to examine a controversial wave of hiring activity that took place after the December 7, 2024, general elections. Presidential Spokesperson Felix Kwakye Ofosu announced the findings at a press briefing on Tuesday, presenting a detailed breakdown of what he described as a necessary exercise in due process — not a politically motivated purge. When the NPP lost the December 2024 election, the outgoing Akufo-Addo administration was accused of rushing through a wave of public sector appointments during the lame-duck period between the election result and the January 7, 2025 inauguration — a practice critics say has become a recurring feature of Ghana's political transitions. The Mahama government said it had written to the Akufo-Addo administration requesting a joint re...
Post a Comment
Read more
Recent posts

Ghana–China Trade Hits $14.1bn as Lantern Festival Signals Deeper Economic Ties.

  Ghana’s economic relationship with China reached a new milestone as bilateral trade surpassed $14.1 billion, marking a sharp year-on-year increase of over 193 per cent. Acting Chinese Ambassador to Ghana , Li Yang, made the revelation at this year’s China Lantern Festival celebration in Accra. The event, organised by the Ghana Association of Chinese Societies at the forecourt of Ghana’s State House, doubled as both a cultural commemoration and an informal economic diplomacy platform. It marked the close of the Chinese New Year festivities, the 66th anniversary of diplomatic relations between Ghana and China, as well as 70 years of China-Africa cooperation. Zero-Tariff Access: A Strategic Opening for Ghana A key announcement with direct implications for Ghana’s export sector was China’s decision to implement zero-tariff treatment for 53 African countries, including Ghana, beginning May 2026. For Ghanaian exporters, particularly in cocoa derivatives, processed agricultural goods, s...
Post a Comment
Read more

Prudential Bank Calls for Simplicity in Accessing Technology at the 25th Connected Banking Summit

 Prudential Bank Limited, a leading indigenous Bank, has advocated for simpler, more accessible technology solutions to drive financial inclusion in Africa. The Bank made the call at the 25 th Connected Banking Summit and Excellence Awards West Africa, where the Bank’s senior officials served as subject matter resource persons at various high-level industry discussions. Speaking on an executive leadership panel to discuss the theme “Financial Inclusion 3.0: Data-Driven Models & Digital Access", Acting Managing Director of the Bank, Ebow Quayson emphasised that financial inclusion must reach the very bottom of the pyramid, particularly vulnerable groups who have traditionally been excluded from formal banking. He argued that technology should be functional and basic rather than fancy and expensive. MTN South Africa in 2025 launched a major initiative to offer more than 1.2 million of its prepaid customers affordable 4G smartphones with prices starting from USD 6.14 as part of ...
Post a Comment
Read more

Father of three appeals for support after wife delivers quadruplets

  Emmanuel Quansah, a father of three whose wife has delivered quadruplets at the Twifo Atti-Mokwa District Government Hospital, is appealing to philanthropists, NGOs, and benevolent organisations for financial support to help settle mounting hospital bills. According to the family, earlier scans had indicated that the couple was expecting triplets, making the arrival of a fourth baby both surprising and financially overwhelming. Quansah said the situation has placed enormous pressure on him, and he urgently needs assistance to cope with the unexpected expenses. The newborns are currently in incubators, while their mother is recovering from a caesarean section. Hospital costs continue to rise as both the babies and their mother receive medical care. Naomi Quansah, who spoke to the Ghana News Agency, said the family is already caring for three children and is struggling to manage the added responsibility. Ghana travel guide The couple has therefore appealed to government, charitable...
Post a Comment
Read more

Teshie: Woman sentenced to two years for church theft

  An Accra Circuit Court has sentenced a 32-year-old unemployed woman to two years’ imprisonment for unlawfully entering a church premises at the 48 Engineer Barracks at Teshie in the Greater Accra Region and stealing assorted items. The convict, Amanda Pascal, pleaded guilty to charges of unlawful entry and theft. The court, presided over by Basilia Adjei-Tawiah, convicted her on her own plea and sentenced her to two years’ imprisonment on each count, to run concurrently. Chief Inspector Abigail Offeibea, prosecuting, told the court that the stolen items included a deep fryer valued at GH¢1,500, a Bluetooth speaker worth GH¢3,423, 21 trumpet mouthpieces valued at GH¢6,820, a perfume worth GH¢586 and six tins of sardines valued at GH¢200. The items belonged to the complainant, Veronica Owusu Boateng. The complainant, an emergency medical personnel at the 37 Military Hospital, resides at the Teshie Barracks, while the convict, a Nigerian national, lives at Teshie Lascala. The prosec...
Post a Comment
Read more

Gov’t to issue long-dated domestic bonds following expiration of DDEP restrictions – Dep Finance Minister

  Deputy Minister of Finance, Thomas Nyarko Ampem, has revealed that the government will soon initiate the issuance of long-dated domestic bonds. He noted that the development will allow the government to explore avenues to raise long-term funds to finance some of its initiatives and the national budget. The Deputy Minister disclosed this in an interview with JOYBUSINESS at Parliament on Friday, 27 February 2026. This follows the expiration of restrictions imposed in 2023 under the Domestic Debt Exchange Programme (DDEP). The three-year restriction was designed to prevent the government from issuing new bonds after the debt default preceding the DDEP, as part of broader efforts to stabilise the domestic debt market and restore macroeconomic credibility. What we were hoping for was this expiration, so the government can take action in exploring ways of issuing new domestic bonds,” Nyarko Ampem said. Opportunities for Pension Funds and Investors The Deputy Minister added that the dev...
Post a Comment
Read more

Banks wrote off GH¢1.64 billion in 2025, NPL stock hits GH¢21.0 billion – BoG

  Banks in Ghana wrote off GH¢1.64 billion in 2025, a reduction of 57.1% over the previous year. According to the Domestic Money Banks Income Statement by the Bank of Ghana, the banks made a provision of GH¢3.82 billion as bad debt in 2024. The total provision was made for loan losses, depreciation & others. According to the January 2026 Banking Developments Report, the asset quality risks of banks remained elevated in December 2025, although the industry’s Non-Performing Loans (NPL) ratio declined to 18.9% in December 2025, from 21.8% in December 2024. Similarly, the NPL ratio adjusted for the fully provisioned loan loss category declined from 8.5% to 5.0% during the same comparative period. The NPL stock, however, increased by 0.8% to GH¢21.0 billion in December 2025 compared with a growth of 31.4% recorded in December 2024. The decomposition of the NPL showed that the private sector accounted for the most non-performing loans, due to its dominant holdings in total credit. Th...
Post a Comment
Read more