Kofi Ahovi

  By Samuel Dowuona On May 25, 2026, Ghana's mobile money market leader, MobileMoney Fintech Limited (MMFL), popularly known as MTN MoMo, issued a circular informing customers that from June 1, 2026 they will start charging a 0.75% fee capped at GHS5 on all wallet to bank account transfers through its direct push and pull channel. This announcement was made with the blessing of the industry regulator, Bank of Ghana. I personally got the message on my phone at exactly 6.51pm that day. The announcement generated so much public outcry on social media that in less than 24 hours, the Bank of Ghana asked MMFL to suspend the planned application of the fee for further public consultation. The central bank then issued a statement announcing the suspension. In that statement, the Bank of Ghana claimed its decision to order the suspension is a reflection of its " commitment to ensuring that any changes in charges in the mobile financial services ecosystem, are introduced fairly, protect ...

  The Chief Executive for Ghana Investment Promotion Centre (GIPC) Simon Madjie has announced that provisional figures indicate that Foreign Direct Investment (FDI) into Ghana reached US$2.61 billion in value in 2025. This is more than the US$652 million recorded in 2024. Madjie said the development shows renewed investor interest in the economy, following significant improvements in macro-economic indicators such as inflation, interest rates, and the exchange rate. He added that the situation also gives a positive signal that investors are receiving the call that Ghana is opened for business as mentioned by the President John Mahama. Madjie disclosed this at a retreat by the Board of GIPC to review strategies for the year. According to him, the Ghana Free Zones Authority, recorded the highest new projects of US$1.437 billion from 180 projects. I'm sure in a month or two, we'll release the full report on the FDI inflows which shows some good results for 2025.  But so far, we...

  Residents of Tetegu, Sampah Valley, Choice and other downstream communities around the Weija enclave have been affected by flooding following the opening of the spill gates of the Weija Dam by the Ghana Water Limited (GWL). Several homes, roads and low-lying areas in the affected communities are submerged after excess water was released from the dam as part of measures to protect the facility from structural damage. Some residents were seen salvaging household items, while others moved belongings to safer locations as water levels continued to rise in parts of the affected areas. The development follows an official announcement by the management of Ghana Water Limited that the water level in the dam had risen above the maximum operating level of 48 feet, necessitating the controlled spilling of excess water. In a statement, GWL explained that all spill gates of the dam had been opened to reduce pressure on the facility and ensure its structural integrity and safety. The water lev...

  Technology leaders must move beyond “firefighting” and build systems and teams that endure beyond their tenure, Prudential Bank CIO Leopold L. L. Armah has said. Speaking as a panellist at the Global CIO Summit – Ghana Edition 2026, Armah said the 24/7 nature of today’s digital environment is pushing CIOs and CISOs to their limits, and sustainable leadership is the only way to manage the pressure without burning out. Sustainable leadership is building people, systems and purpose that remain effective long after the leader has left the room,” he told delegates. From operations to strategy Armah noted that the CIO role has expanded far beyond managing infrastructure. Today’s technology leaders oversee digital transformation, cybersecurity, regulatory compliance, customer experience and emerging technologies like AI. With that expanded remit comes the risk of constant crisis mode. He urged organisations to reward prevention, not just quick fixes. “Successful leadership is not about ...

  Finance Minister Dr Cassiel Ato Forson has announced significant progress on the government’s flagship Accra-Kumasi Expressway project, revealing that approximately 51 kilometres of the corridor have so far been cleared by the Ghana Armed Forces. In a Facebook post on Thursday, May 28, the minister praised the military for what he described as the “phenomenal work” being undertaken on President John Mahama’s transformational infrastructure project. According to him, compensation payments to affected residents along the stretch are expected to commence in June after the completion of assessments by the relevant state agencies. Dr Forson noted that the project is being executed steadily and professionally, adding that the expressway would become one of Ghana’s most strategic and economically transformative road corridors upon completion. The progress made so far is truly impressive,” he stated. The proposed Accra-Kumasi Expressway is expected to improve transportation between the t...

  Immigration authorities have detained a pregnant woman and her 4-year-old son at Washington Dulles International Airport for over a week, after the pair arrived from Ghana on a tourist visa seeking medical treatment and were then taken into custody, their lawyers allege in a court filing. Anabella Gyasi, 38, arrived in the United States on May 19 after securing a visa and an appointment for her son at Akron Children’s Hospital in Ohio, where she hoped her son would get care for a physical abnormality affecting his hands, according to the American Civil Liberties Union. U.S. Customs and Border Protection officers asked her if she feared persecution in her home country, said Eden Heilman, the legal director of the organization’s Virginia branch. Gyasi answered that she did because of her son’s disability. CBP then classified her as an asylum applicant and moved to nullify her tourist visa, Heilman said. If she hadn’t answered that question honestly, she would have been well on her ...