Kofi Ahovi

Kasapreko PLC has recorded one of the most successful Initial Public Offerings (IPOs) in Ghana’s recent capital market history after attracting bids worth approximately GH¢1.72 billion, more than double its target raise of GH¢700 million. The beverage manufacturer’s public offer achieved a subscription rate of about 246 percent, representing an oversubscription of approximately 146 percent above the amount sought. The overwhelming response from investors underscores growing confidence in both Kasapreko’s business model and the prospects of indigenous Ghanaian companies listed on the Ghana Stock Exchange. The company offered 583.3 million ordinary shares at GH¢1.20 per share to raise capital for its next phase of expansion, including the construction of a new production facility dedicated to bottled water and carbonated soft drinks. Market observers attribute the strong investor interest to Kasapreko’s established brand portfolio, consistent financial performance, expanding export prese...

  The Chief and people of Gomoa Otapirow in the Central Region of Ghana have conferred honorary traditional titles on four distinguished visitors from the United States of America as part of a cultural exchange and community development initiative aimed at strengthening international partnerships and promoting youth empowerment. The colourful installation ceremony, held on Sunday, May 24, 2026, celebrated the visitors’ dedication to humanitarian service, social impact, and community development across different sectors in the United States and beyond. The delegation, which arrived in Ghana on Saturday, May 23, is on a global cultural and social engagement tour focused on public film screenings, cultural exchanges, partnership building, and sustainable community development initiatives. The team is expected to depart Ghana on Tuesday, May 26. In recognition of their contributions and commitment to social transformation, the traditional leadership of Gomoa Otapirow conferred the foll...

  MobileMoney Fintech LTD (MMFL) has released a strategic white paper titled Uniting Against Digital Fraud: Strengthening Ecosystem Collaboration in Ghana’s Digital Financial Services Sector , reinforcing the urgent need for coordinated, cross-sector action to address the growing threat of digital fraud within Ghana’s financial ecosystem. The white paper captures strategic insights from the MobileMoney Fintech Partner Exchange, a high-level stakeholder forum convened by MMFL in April 2026. The engagement brought together senior representatives from regulatory institutions, financial service providers, fintechs, law enforcement agencies, telecommunications stakeholders, and agent networks to examine the evolving fraud landscape and identify practical pathways for ecosystem-wide resilience. As Ghana’s digital financial services sector continues to expand in scale, sophistication, and national relevance, the white paper highlights the corresponding need for a more integrated and intel...

 As part of efforts to reduce flooding and improve environmental sanitation during this rainy season, the Zoomlion Ghana Limited, in collaboration with the National Disaster Management Organisation (NADMO), FeDEMS Group Ltd, together with Dredge Masters Ghana Limited, personnel from the Ghana Police Service, the Ghana National Fire Service (GNFS) and MMDAs have commenced a three-day clean-up and desilting exercise in selected flood-prone communities within the Greater Accra Region. The exercise began Wednesday June 10–12 at 7:00 a.m., targeting major drainage channels and waterways in Roman Ridge, Mallam, Paloma, Circle, Kaneshie and GBC areas, where teams undertook extensive cleaning and desilting works to improve the free flow of rainwater and reduce the risk of flooding. The initiative comes in the wake of recent heavy downpours that have triggered flooding in some parts of the capital, raising concerns about the impact of poor waste disposal practices and clogged drainage syste...

 Heavy rains that fell in the early hours of Tuesday have once again triggered perennial flooding and silt deposition along the Accra–Takoradi Highway. This was particularly significant at the Weija SCC–Atala stretch, causing severe traffic congestion and major inconvenience to commuters. The flooding submerged sections of the highway and deposited thick layers of silt across the roadway, leaving several vehicles stranded and reducing traffic movement to a crawl. Commuters who would ordinarily spend about five minutes traversing the stretch were forced to endure journeys lasting more than two hours. The situation became more critical after both the eastbound and Accra-bound lanes were rendered impassable. Motorists were compelled to merge onto the westbound carriageway, resulting in chaotic traffic conditions and bumper-to-bumper queues stretching more than five kilometres. JoyNews  reporter Maxwell Agbagba, who visited the scene, observed several vehicles stuck in the silt-co...

  Government spokesperson Felix Kwakye Ofosu has disclosed that Ghana’s Attorney-General Dominic Ayine, is expected to hold high-level bilateral discussions with officials of the United States Department of Justice to address all outstanding extradition requests between the two countries. The planned engagement comes at a time when extradition matters have become a key issue in legal and diplomatic relations between Ghana and the United States, particularly following the successful extradition of former Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC), Sedina Tamakloe Attionu, to Ghana. Sedina was extradited to Ghana on Tuesday, June 9. Her return to the country follows years of legal proceedings and efforts by Ghanaian authorities to secure her extradition after she failed to appear before the courts during the trial process. Upon her arrival in Ghana, officials from the Ghana Police Service and the Ghana Prisons Service took her into custody. Authoritie...