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Bank of Ghana Defends Losses, Says It Remains Capable of Steering Economy

  The Bank of Ghana has defended its financial position for 2025, insisting it remains fully capable of executing its core monetary policy mandate despite recording a GH¢15.6 billion operating loss and deepening negative equity. In its latest financial statement, the central bank stressed that it is still “policy solvent,” meaning it can continue to manage inflation, interest rates, and liquidity conditions without requiring emergency government support. According to the Bank, its ability to generate income from monetary policy operations—particularly open market operations—provides sufficient internal resources to sustain its activities, even amid ongoing economic pressures. The Bank remains policy solvent and capable of implementing its core mandate without reliance on emergency government support,” it said. It added that, “its ability to generate sufficient income from monetary policy operations… underpins its capacity to finance ongoing interventions.” The Bank noted that struc...
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Ghana’s Press Freedom Ranking Improves, But “Not Impressive” — MRi

  Ghana has recorded a notable rise in the 2026 World Press Freedom Index, climbing 13 places from 52nd in 2025 to 39th globally, according to Reporters Without Borders. The country also improved its standing in Africa, moving to sixth position. While the progress has been welcomed, the Media Research Institute (MRi) says the gains fall short of expectations and should not be over-celebrated. In a statement marking World Press Freedom Day, MRi acknowledged the improvement as a step in the right direction but cautioned against complacency, noting that Ghana has the potential to perform far better. According to the institute, Ghana’s score rose from 67.13 in 2025 to 72.20 in 2026 — a 5.07-point increase — which it described as modest relative to the country’s historical leadership in democratic governance and press freedom in Africa. MRi further highlighted disparities in Ghana’s performance across key indicators used in the index. While the country ranked strongly in political and l...

World Athletics President to grace Accra 2026

  Sebastian Coe, president of the World Athletics, would arrive in Ghana on Saturday, May 9, ahead of the opening of the African Senior Athletics Championship in Accra. Coe is expected to attend the five-day competition with a high powered delegation including his three vice presidents. The veeps, Chapado Raul from Spain, Durand Margeret from Canada, and Restrepo Xemana from Chile will also join the World Athletics President for the council meeting in Accra. Coe is scheduled to pay a courtesy call on the First Gentleman, H.E John Dramani Mahama, the President of Ghana, at the seat of government, Jubilee House, during his visit. He is also expected to meet with the Minister for Sports and Recreation, Hon Kofi Adams ahead of the council meeting and the opening of the five-day championship in Accra. Also expected in the country for both the council meeting and the 24th edition of the biannual championship is the President of the Confederation of African Athletics, Ahmed Kalkaba. Kalka...

GPHA Delegation Attends Burkina Faso Culture Week and Tours Its Newly Refurbished Office

  The Director-General of the Ghana Ports and Harbours Authority (GPHA), Major General Paul Seidu Tanye Kulono, has led a delegation of the Authority as part of Ghana’s participation in the 22nd edition of Burkina Faso’s National Culture Week. Burkina Faso remains Ghana’s largest transit trade partner, with a long standing commercial relationship supported by the use of Ghana’s ports as the preferred gateway for Burkinabè imports and exports. The cultural festival, held in Bobo Dioulasso, was officially opened by Burkina Faso’s President, Captain Ibrahim Traoré, who described the event as “an unconditional act of cultural sovereignty,” underscoring its importance to national identity and unity. On the sidelines of the event, Major General Tanye Kulono and his delegation paid a courtesy call on Ghana’s Ambassador to Burkina Faso, H.E. Kenneth Akibate, at his residence in Ouagadougou. The Director General briefed the Ambassador on GPHA’s annual trade mission to Burkina Faso, noting t...

Maison Yusif Fragrance Debuts in New York, Opening Bold New Chapter in SoHo

  Ghana’s trailblazing niche fragrance house, Maison Yusif Fragrance, has arrived in the global capital of fashion and culture, bringing its distinctive African storytelling to downtown Manhattan. The brand announced its U.S. retail debut at Flying Solo, the acclaimed concept store in SoHo. For the first time, New York customers can discover and shop Maison Yusif’s handcrafted fragrances in person. Founded on heritage, craftsmanship, and emotional storytelling, Maison Yusif has become one of Africa’s most distinctive fragrance houses. Each scent draws from Ghanaian culture, memory, and artistry — turning fragrance into narrative. Marking the milestone, the brand shared: Alhamdulillah — we are grateful to the Almighty and to everyone who has supported this journey. This moment belongs to you as much as it does to us.” The New York launch is more than retail expansion; it’s a cultural statement. By entering one of the world’s most competitive luxury markets, Maison Yusif advances its...

Vice President Wishes BECE Candidates Success, Urges Integrity

  The Vice President of Ghana, Naana Jane Opoku-Agyemang, has extended best wishes to thousands of students sitting for the 2026 Basic Education Certificate Examination (BECE), encouraging them to approach the exams with confidence and honesty. In a statement issued by the Office of the Vice President on Monday, May 4, the Vice President expressed confidence in the preparedness of candidates, noting that their years of effort, discipline, and study would reflect in their performance. She urged candidates to remain focused and uphold integrity throughout the examination period, stressing the importance of determination and self-belief. The Vice President also commended the Ghana Education Service, teachers, parents, and other stakeholders for their role in preparing students for the exams. At the same time, she reminded supervisors, invigilators, and school authorities to maintain the highest standards of fairness and transparency to ensure a credible examination process. The statem...

Promasidor Ghana Mourns Sales Lead, Urges Restraint in Sharing Graphic Images

  Promasidor Ghana Limited has announced the untimely death of its Southern Sector Sales Lead, Patrick Osei Oware, following a fatal road accident at Suhyin on the Koforidua–Tafo Highway. In a statement issued on May 3, 2026, the company said it received the news with “profound shock and sorrow,” describing the loss as deeply painful to both staff and management. The company extended its condolences to the bereaved family and loved ones of the late Mr. Oware, while also calling on the public to act responsibly in the aftermath of the accident. Promasidor further urged restraint in the circulation of graphic images and videos from the crash, emphasizing the need to respect the dignity and privacy of the deceased and his family during this difficult period. The statement was signed by Paa Kwesi Forson, Corporate Communications and Public Relations Lead of the company. We respectfully appeal to the public to exercise restraint in sharing images and videos from the horrific accident, a...