Millennium Development Authority chief Alexander Kofi-Mensah Mould defended Ghana's 24-Hour Economy initiative against investor skepticism during an Accra roundtable meeting. Capital market operators expressed concerns about corruption risks and political interference affecting government projects. Mould countered these worries by highlighting MiDA's track record of delivering $1.1 billion worth of infrastructure developments under strict international oversight. The former Standard Chartered executive emphasized that proposed ventures would undergo rigorous feasibility assessments and risk evaluation processes.
Presidential adviser Augustus Obuadum Tanoh outlined strategies for attracting domestic and foreign capital to support...
The Ghana National Association of Small Scale Miners accused government officials and security personnel of confiscating their legitimate mining concessions. The organization claims these same authorities transferred the seized properties to unauthorized Chinese mining operations. Abdul Razak Alhasan spoke on behalf of the association during a press conference held on Wednesday in Kumasi, demanding that authorities return confiscated concessions and equipment. The group expressed frustration over their treatment despite cooperating with government efforts against unauthorized mining activities. Security operatives allegedly protect the Chinese miners who received the transferred concessions.
The association outlined several...
Ghanaian banks have largely recovered from capital deficits caused by the Domestic Debt Exchange program, according to International Monetary Fund findings. Most financial institutions achieved their recapitalization requirements before 2024 ended. The Bank of Ghana tracks five institutions that missed December deadlines for capital restoration. These banks face challenges from unfulfilled shareholder commitments, rising bad loans, and incomplete asset quality reviews from 2023. State and private lenders comprise the group falling behind schedule.
All banks must reach a 13 percent Capital Adequacy Ratio by December 2025 without regulatory relief. Banks meeting 2024 targets appear positioned to satisfy final requirements within...
Ghana Shippers Authority intensified implementation of its 2024 regulatory legislation after Parliament transformed the organization from an advocacy group into a full regulator. The authority requires shipping companies, clearing agents, freight forwarders and terminal operators to seek approval before implementing new tariffs and fees. Officials have already blocked certain price increases they determined lacked commercial justification.
Industry stakeholders met with Bank of Ghana representatives on July 15 to address complaints about arbitrary foreign exchange rate applications by shipping lines. The central bank plans to issue formal guidance on the matter. Ghana Shippers Authority collaborates with air, land and sea transport...
Ghana Revenue Authority began enforcing the Energy Sector Levy Amendment Act 1141 on Wednesday, July 16. Government agencies spent months evaluating global oil markets and consumer impact before implementation. The Finance and Energy ministries conducted extensive consultations regarding the policy changes. Officials determined the levy would address macroeconomic stability concerns and bridge energy sector funding shortfalls. The rollout supports broader fiscal consolidation as Ghana maintains economic recovery momentum.
The revised legislation increases Energy Sector Shortfall and Debt Repayment Levy rates across multiple petroleum products. Petrol rates rose from 0.95 to 1.95 Ghana cedis per liter while diesel increased from 0.93 to...
FC Barcelona assigned the prestigious No. 10 jersey to Lamine Yamal on his 18th birthday. The La Masia academy product received this honor alongside a contract extension that keeps him at Camp Nou through 2031. Barcelona set his release clause above €1 billion, demonstrating their confidence in the young winger. The number became available after Ansu Fati joined Monaco on loan for the current campaign. Yamal previously competed wearing No. 27 and later No. 19 during his development years.
Football legends Diego Maradona, Romário, Rivaldo, Ronaldinho and Lionel Messi previously wore this iconic shirt number. Messi held the jersey for more than ten years before departing in 2021. Fati assumed the responsibility until his temporary move...
Charles Kwablan Akonnor urged players to maintain privacy regarding personal matters after Justice Blay made public accusations against former teammates. The ex-Black Stars coach responded to allegations where Blay accused Kwame Opoku of stealing his girlfriend during a Pure FM interview. Blay further claimed Mohammed Camara and Joseph Ablorh engaged in shisha smoking and heavy drinking. Akonnor characterized these public statements as regrettable and damaging to all parties involved. The former national team manager emphasized that private frustrations should never become public discourse.
The ex-Asante Kotoko coach warned that such revelations harm both individual reputations and institutional credibility. Akonnor stressed that club...
FIFA officials contemplate relocating portions of the 2026 World Cup from American venues to Canadian sites amid escalating immigration policy disputes. Visa restrictions have complicated entry procedures for supporters, journalists, and team personnel from multiple nations. Travel bans affect citizens from 43 countries, with Iran among the qualified teams facing potential exclusion of their fan bases.
The governing body confronts criticism regarding its commitment to access and non-discrimination principles. Human rights advocates question whether the organization can maintain its stated values while hosting events in countries with restrictive entry policies. Players may compete before stadiums lacking their national supporters due...
Manchester City winger Jeremy Doku received a royal blessing from Asantehene Otumfuo Osei Tutu II during his weekend visit to Manhyia Palace. The Belgian international, whose heritage traces back to Ghana, traveled with his parents and siblings while on holiday. Doku presented the Ashanti King with a Manchester City jersey as a gesture of respect. The former Stade Rennes player has spent time exploring cultural landmarks such as Cape Coast Castle. Local residents in Madina welcomed him for informal football matches during his stay.
The visit comes after Manchester City's quarterfinal elimination from the FIFA Club World Cup. Doku enters his second campaign with the Premier League champions following successful seasons that brought him...
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Thread 'Habibur Rahman Appointed CEO of Paramount Group Effective June 29'
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