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Ahafo

BoG Governor Highlights Economic Gains Amid Ghana’s Recovery

In a recent national briefing, Dr. Ernest Addison, Governor of the Bank of Ghana (BoG), highlighted the country’s economic turnaround, pointing to key improvements in inflation control, GDP growth, and fiscal discipline. The Governor’s statement comes amid cautious optimism that Ghana is navigating out of one of its toughest financial periods in recent history. Economic Context and Recovery MeasuresFollowing years of economic turbulence driven by global shocks and internal imbalances, Ghana’s central bank, in coordination with fiscal authorities, adopted a series of reforms. These included tightening the monetary policy rate, enhancing digital payment infrastructure, and collaborating with international lenders. The results, Dr. Addison explained, are beginning to reflect in the real economy. Key Economic Gains Outlined 1. Inflation Drops SignificantlyThe BoG Governor revealed that headline inflation dropped from over 50% in late 2022 to below 20% by mid-2025. This sharp […]

Ahmad May 22, 2025

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Ahafo

Justice Served: Mason Sentenced to Life, Two Accomplices Receive 94 Years for Murder of Sogakope Assembly Member

In a landmark ruling, the High Court in Ho has sentenced a mason to life imprisonment and two accomplices to a combined 94 years in prison for the 2020 murder of Sogakope Assembly Member, Marcus Mawutor Adzahli. The verdict brings closure to a case that shocked the nation and sparked widespread calls for justice. Background of the Case On March 1, 2020, Marcus Mawutor Adzahli was brutally murdered in his home in Sogakope, located in the South Tongu District of the Volta Region. The assailants reportedly broke into his residence in the early hours, shooting and stabbing him multiple times in the presence of his family. The heinous nature of the crime led to public outcry and heightened tensions in the community. Sentencing Details Mason (Name Withheld): Received a life sentence for his direct involvement in the murder. Two Accomplices […]

Ahmad May 22, 2025

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Ahafo

President Mahama Urges NDPC to Break Short-Term Development Planning Cycle

President John Dramani Mahama has called on the newly inaugurated National Development Planning Commission (NDPC) to shift Ghana's development strategy from short-term, politically influenced plans to a cohesive, long-term national development framework. This initiative aims to ensure sustainable growth and economic transformation beyond electoral cycles. Inauguration of the 8th NDPC On May 19, 2025, President Mahama inaugurated the eighth NDPC, a 37-member body chaired by economist Dr. Nii Moi Thompson. The President emphasized the need for a stable and predictable development path that transcends partisan politics and reflects the collective aspirations of Ghanaians . Consolidation of Existing Frameworks President Mahama tasked the NDPC with harmonizing existing long-term development frameworks, including: Ghana Beyond Aid Charter Ghana@100 Long-Term Development Framework Vision 2057 Perspective Framework The goal is to create a single, inclusive, and forward-looking national development plan through collaboration with Parliament and […]

Ahmad May 21, 2025

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Ahafo

Bank of Ghana Appoints Three Advisors to Strengthen Monetary Policy Committee

The Bank of Ghana (BoG) has appointed three distinguished economists as advisors to its Monetary Policy Committee (MPC). This strategic move aims to enhance the committee's capacity in formulating effective monetary policies amidst evolving economic challenges. The Newly Appointed Advisors Dr. John Kwabena Kwakye: Currently serving as the Director of Research at the Institute of Economic Affairs (IEA), Dr. Kwakye brings a wealth of experience in economic analysis and policy formulation. Professor John Gatsi: As the Dean of the University of Cape Coast Business School, Prof. Gatsi is renowned for his expertise in finance and economics, contributing significantly to academic and policy discourse in Ghana. Dr. Priscilla Twumasi Baffuor: A Senior Lecturer at the University of Ghana's Department of Economics, Dr. Baffuor specializes in development economics and has been instrumental in research on economic growth and policy development. These appointments […]

Ahmad May 21, 2025

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Ahafo

Africa’s Public Sector Workers Face Declining Wages: Survey Highlights Urgent Need for Reform

A recent survey reveals that public sector workers across Africa, particularly in health and education, are experiencing significant wage declines. The report underscores the pressing need for systemic reforms to address the financial hardships faced by these essential workers. Key Findings from the Survey The ActionAid report, titled The Human Cost of Public Sector Cuts in Africa, surveyed over 600 healthcare workers, teachers, and community members in Ethiopia, Ghana, Kenya, Liberia, Malawi, and Nigeria. The findings are alarming: Wage Declines: Teachers' salaries have plummeted by between 10% and 50% over the past five years. Financial Struggles: An overwhelming 97% of health workers reported insufficient wages to cover basic needs like rent, food, and household expenses. Increased Workloads: Budget cuts have led to overwhelming workloads, with 70% of teachers and 85% of health workers feeling overburdened. Mental Health Impact: The financial […]

Ahmad May 21, 2025

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Ahafo

Ghana Risks Further Revenue Losses: Experts Advocate for Tech-Driven Tax Reforms

Ghana faces escalating revenue losses due to systemic tax leakages and inefficiencies. Experts at the recent National Dialogue emphasized the urgent need for technology-driven reforms to enhance tax collection and broaden the tax base. Background At the National Dialogue on "Tackling Tax Revenue Leakages in Ghana," held on April 23, 2025, stakeholders from academia, industry, and government convened to address the persistent challenges in Ghana's tax system. The consensus was clear: without significant reforms, Ghana risks continued revenue shortfalls that could hinder national development efforts. Expert Insights Abigail Maame Esi Mensah, Manager of Business Tax Advisory at Ernst & Young, highlighted the challenges posed by the informal economy. She noted that the lack of an integrated tax system makes it difficult to incorporate informal sector actors into the tax net. Additionally, she pointed out that practices like related-party transactions and […]

Ahmad May 21, 2025

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Ahafo

Supreme Court Dismisses Injunction Against Chief Justice’s Impeachment Process

The Supreme Court has dismissed an injunction application aiming to halt the impeachment proceedings against Chief Justice Gertrude Sackey Torkornoo. This decision marks a significant development in the ongoing legal and political discourse surrounding the judiciary's independence. Background On May 6, 2025, the Supreme Court, in a 3-2 majority decision, dismissed the injunction application filed by Vincent Ekow Assafuah, Member of Parliament for Old Tafo. The application sought to stop the suspension of Chief Justice Torkornoo by President John Dramani Mahama. The court's panel was presided over by Acting Chief Justice Paul Baffoe-Bonnie, with Justices Emmanuel Yonny Kulendi and Tanko Amadu forming the majority. Justices Henrietta Mensa-Bonsu and Ernest Gaewu dissented . Legal Arguments and Court's Rationale The applicant's counsel, former Attorney-General Godfred Yeboah Dame, raised an objection regarding Justice Baffoe-Bonnie's participation, citing potential bias due to his role as […]

Ahmad May 21, 2025

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Ahafo

Sports Minister Advocates for Black Satellites’ Transition to U-23 Team for 2028 Olympics

In the wake of Ghana's U-20 team's recent elimination from the Africa Cup of Nations (AFCON), Sports Minister Kofi Adams has called for the current Black Satellites squad to be retained and developed into the U-23 team for the 2028 Los Angeles Olympics. Despite the team's quarter-final exit, Adams emphasizes the importance of continuity and long-term planning in Ghanaian football development. Background The Black Satellites faced a heartbreaking exit from the U-20 AFCON in Egypt, drawing 2-2 with the host nation before losing 5-4 in a penalty shootout. This result extended Ghana's absence from the U-20 World Cup, with their last appearance in 2015. Minister's Perspective Speaking during a meeting with the Ghana Olympic Committee, Minister Adams expressed his belief in the potential of the current U-20 team. He stated, "I believe that it is a team that, with a […]

Ahmad May 20, 2025

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Ahafo

Bongo NHIA Director Killed in Ambush Amid Escalating Bawku Conflict

In a tragic escalation of the ongoing Bawku conflict, Mohammed Seidu Akugri, the Bongo District Director of the National Health Insurance Authority (NHIA), was ambushed and killed near Nangodi, a community close to Bolgatanga in Ghana's Upper East Region. His body was subsequently set ablaze by the assailants. Incident Details On May 19, 2025, Mr. Akugri was traveling near Nangodi when unknown attackers ambushed him. He was shot and killed, and his body was set on fire before the perpetrators fled the scene. Political Reactions The gruesome killing has drawn widespread condemnation. Member of Parliament for Bawku Central, Mahama Ayariga, described the act as "dastardly" and called for swift justice. He urged law enforcement agencies to thoroughly investigate and apprehend the perpetrators. Broader Implications The murder of a high-ranking public official underscores the deteriorating security situation in the region. The […]

Ahmad May 20, 2025

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Ahafo

Accra Robbery Suspect Extradited from Togo for Psychiatric Evaluation

A Togolese national, Adinda-Akpo Abdou Moudjibou, also known as Maxwell, has been extradited to Ghana to face charges related to a series of high-profile robberies in Accra. Following his arrest, Moudjibou exhibited concerning behavior, prompting authorities to order a psychiatric evaluation. Background of the Case Moudjibou is accused of orchestrating multiple robberies between 2022 and 2024, targeting affluent individuals in Accra. Items reported stolen include $200,000 in cash, a gold waist chain valued at GH¢20,000, a gold necklace worth GH¢18,000, assorted jewelry, and a registered CZ 75.5P pistol. After evading capture for months, he was apprehended in Togo through a joint operation between Ghanaian and Togolese security agencies and extradited to Ghana on May 14, 2025. Court Proceedings and Psychiatric Evaluation During court proceedings on May 20, 2025, led by ASP Richard Amoah, the prosecution reported that Moudjibou had been […]

Ahmad May 20, 2025

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