Kofi Ahovi

  Government has announced an Initial Pricing Guidance (IPG) range of 12% to 12.5% for its 7-year cedi-denominated bond. This signals that, depending on the outcome of the auction, the Finance Ministry could settle within this range as the interest payable to investors. The guidance was contained in the latest market update on the bond issuance. Some market analysts say the range reflects improving economic conditions. They note that the current 7-year bond on the secondary market trades around 13% to 14%, making the new guidance an improvement and a sign of stronger macroeconomic fundamentals. According to the update, the book-build process is now open and will close in the afternoon of Wednesday, April 1, 2026. Further updates on the book, including timing and any revisions to the pricing guidance based on demand, will be communicated to the market as necessary. Investors are also watching closely to see how much government aims to raise from the market. Background On March 30, t...

The Government of Ghana has unveiled an ambitious airport infrastructure modernisation programme aimed at positioning the country as West Africa’s leading aviation hub, with funding anchored on a newly approved passenger-based levy. The initiative, introduced in the 2026 national budget under the administration of John Dramani Mahama , forms part of a broader economic reset agenda focused on enhancing transport connectivity and logistics efficiency to boost trade, tourism, and investment. In a directive issued by the Ministry of Transport Ghana to the Board of Airline Representatives Ghana , authorities announced that the Airport Infrastructure Development Charge (AIDC) will take effect from April 1, 2026. The levy will apply to all tickets issued from that date for both domestic and international travel, with exemptions for infants, diplomats, and on-duty airline crew. The AIDC is expected to generate approximately $800 million over the next decade to finance critical aviation infras...

  The Ghana Chamber of Mines has commended the Government of Ghana and Atlantic Lithium Limited following the successful ratification of the Ewoyaa Mining Lease, describing it as a major step toward strengthening the country’s position in the global minerals market. The Chamber said the Ewoyaa Lithium Project represents a significant boost to Ghana’s mining portfolio, positioning the country as an emerging player in the global energy transition through the supply of critical minerals. According to the Chamber, the milestone reflects strong collaboration between government and industry stakeholders, aligning the project with Ghana’s broader economic and industrial development agenda. The project is expected to create substantial employment opportunities, both directly and indirectly, while stimulating economic activity in host communities. It will also contribute to national revenue, infrastructure development, and skills transfer, helping to ensure long-term shared benefits for c...

Ghana's football authorities are on the hunt for a new coach after sacking Otto Addo, just 70 days before the World Cup kicks off. Addo's departure follows back-to-back defeats to Austria (5-1) and Germany (2-1). Former Black Stars coach James Kwesi Appiah is an early favorite to take over as interim coach, despite currently leading Sudan's national team. Other potential candidates include Hervé Renard, Tom Saintfiet, and Winfried Schäfer, with Appiah's familiarity with Ghanaian football making him a strong contender. The Ghana Football Association has thanked Addo for his contributions and promised to announce a new technical direction soon. Ghana's upcoming friendlies against Wales and Mexico will be crucial in shaping their World Cup preparations.   More soon.

  The government is preparing to introduce a new Loans Act aimed at tightening controls on public borrowing and ensuring that all debt contracted delivers measurable value to the economy. Finance Minister Dr. Cassiel Ato Forson announced the policy direction following the signing of Ghana’s 11th bilateral debt restructuring agreement with EXIM India, describing the move as part of a broader reset of the country’s debt management strategy. According to the Minister, the proposed legislation will strictly define the permissible uses of borrowed funds, with a clear requirement that every loan be linked to high-impact, value-for-money investments. he law is expected to eliminate non-essential borrowing and strengthen fiscal discipline across government financing decisions. The initiative forms part of efforts to consolidate gains from Ghana’s ongoing debt restructuring programme and restore long-term sustainability. Authorities say the country is steadily transitioning toward a low ris...

  The decision by the United States to join Israel and Argentina in formal opposition to a landmark United Nations resolution on slavery has sparked a rigorous debate over the intersection of historical accountability and modern international law. While the measure passed with broad support, the  American defence  reveals a deep-seated resistance to shifting the legal definitions of "justice" for centuries-old wrongs. This tension highlights a growing divide between the moral imperatives of the Global South and the rigid legal frameworks maintained by Western powers. The Ghana-led resolution declaring the transatlantic slave trade as the gravest crime against humanity passed the United Nations General Assembly on March 25, 2026. Despite receiving 123 votes in favour, the measure faced a sharp rebuke from a small coalition of dissenting nations. The United States joined Israel and Argentina in voting against the proposal. The vote followed a high-profile push by President ...