Kofi Ahovi

 President John Dramani Mahama has unveiled a new national development compact anchored on domestic resource mobilisation, stronger public institutions, accountability and local ownership, urging Ghanaians to rethink the country's development model as traditional sources of development financing continue to decline. Speaking at the 2026 Ghana Civil Society Forum at the University of Ghana, the President said Ghana must increasingly rely on its own resources, institutions and innovation to finance development, rather than depend primarily on external assistance. The forum, held on the theme "Reimagining Partnerships for Democratic Consolidation and Inclusive Development," brought together civil society organisations (CSOs), policymakers, development partners, academia and governance experts to explore new approaches to strengthening democracy and promoting inclusive national development. President Mahama said changing geopolitical dynamics, declining donor funding and evo...

  The government's ambitious 24-hour economy agenda will be underpinned by renewable energy, industrial parks, electric mobility and export-driven manufacturing as part of a long-term strategy to transform Ghana into a competitive production hub, Presidential Advisor on the 24-Hour Economy and Accelerated Export Development Programme, Goosie Tanoh, has said. Delivering the keynote address at the opening of the seventh Ghana Trade and Investment Week in Accra, Tanoh outlined what he described as a comprehensive roadmap to build an economy that "produces what it consumes and exports more value than it imports." Speaking on the theme "Powering the 24-Hour Economy: Integrating Infrastructure, Energy, Electric Mobility and Sustainable Real Estate," he said affordable and reliable energy would be the cornerstone of Ghana's industrial transformation. The 24-hour economy and the Accelerated Export Development Programme exist to complete the unfinished task of build...

  The Chief Executive Officer of the Ghana Free Zones Authority (GFZA), Dr. Mary Awusi, has reaffirmed Ghana's commitment to attracting export-oriented investments, describing the country's 24-hour economy agenda as a catalyst for industrialisation, trade expansion and sustainable economic growth. Speaking on behalf of the Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, at the opening of the seventh Ghana Trade and Investment Week in Accra, Dr. Awusi said the government's vision is to build a competitive and resilient economy anchored on infrastructure, reliable energy, efficient logistics and a vibrant private sector. The three-day event, organised by MIE Group in partnership with Dubai Multi Commodities Centre (DMCC) and GBS Services, has brought together policymakers, investors, development partners and business leaders to explore investment opportunities across key sectors of Ghana's economy. Dr. Awusi said the theme, "24-Hour Economy: In...

  The Government of Ghana has made an early payment of approximately $700 million to Eurobond holders, reinforcing its commitment to meeting external debt obligations under the country's debt restructuring programme. Sources familiar with the transaction told Business Week that the payment, executed on Thursday, comprised $525.2 million in principal repayments and $174.8 million in interest. The latest settlement brings Ghana's total payments to Eurobond investors to $2.1 billion since January 2025, in accordance with the terms of the Eurobond Debt Exchange Programme concluded as part of the country's broader debt restructuring efforts. Managed financing Officials said the payment was financed through government's planned funding arrangements, allowing the transaction to be completed without exerting significant pressure on the Bank of Ghana's foreign exchange reserves. The settlement forms part of a structured debt service strategy aimed at restoring debt sustaina...

  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...