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Mahama Secures Release of Trucks Amid Burkina Faso’s Cereal Export Ban

Ghana, President Mahama, Burkina Faso, cereal export, trade relationsIn response to the ongoing cereal export ban imposed by Burkina Faso, former President John Dramani Mahama has successfully intervened to secure the release of seized trucks transporting goods to Ghana. Larry Gbevlo-Lartey, Ghana’s Special Envoy to the Alliance of Sahel States, confirmed the development on March 12, 2025. This diplomatic effort aims to ease trade tensions and ensure a smoother flow of goods between the two nations, which have faced challenges due to the ban on Burkina Faso’s cereal exports.Mahama’s involvement is seen as a strategic move to protect Ghana's economic interests and strengthen regional cooperation amidst the trade disruption.

Edem 4Style March 12, 2025

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Burkina Faso Invests $70 Million in Ghana Hydrocarbon Depot to Enhance Energy Security

Burkina Faso has made a strategic move to strengthen its energy security by acquiring the Tema Multi-Purpose Terminal hydrocarbon depot in Ghana for $70 million. This acquisition, involving the National Hydrocarbons Company (SONABHY), aims to expand the country’s storage capacity and ensure a reliable energy supply. The depot is already operational, providing Burkina Faso with a key storage facility outside its borders, offering a backup in case of disruptions in other supply routes. This move also reduces costs by decreasing dependence on third-party depots.

Edem 4Style March 12, 2025

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The Musk-Trump Nexus: Power, Corruption, and the Battle for Democracy

The Silent Coup: Is Democracy Under Siege?In an era of misinformation and unchecked influence, the connection between Elon Musk and Donald Trump raises pressing concerns. As corporate power intertwines with political ambition, we must ask: Are we witnessing the slow dismantling of democratic accountability?The Judiciary on Trial: Complicity or Coincidence?Recent Supreme Court rulings have raised eyebrows, with decisions seemingly favoring Trump. From Clarence Thomas’s ethics controversies to Chief Justice John Roberts’s strategic rulings, the courts appear entangled in a dangerous game of political influence. Is the justice system being weaponized to protect the powerful?Elon Musk: Mastermind or Megalomaniac?Musk’s control over finance, technology, and public perception is staggering. Under investigation by multiple agencies, he continues to wield immense power with little resistance. Has he effectively neutralized regulatory bodies, making himself untouchable?The Republican Machine: A Cult of Power?Trump’s grip on the Republican […]

Edem 4Style March 12, 2025

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Mahama to IMF and World Bank: Stay Out of Ghana’s Anti-LGBTQ Debate

In a recent Bloomberg interview, former President John Dramani Mahama urged multilateral institutions like the World Bank and the International Monetary Fund (IMF) to refrain from influencing Ghana’s domestic policies, particularly when it comes to the controversial anti-LGBTQ+ legislation currently under discussion in parliament. Mahama argued that these institutions should focus on their economic mandates and not impose cultural values on Ghana.Mahama’s comments came as speculation grew that the World Bank and IMF might withdraw financial support if Ghana proceeds with the anti-LGBTQ+ bill. Despite potential financial consequences, Mahama maintained that these institutions should not dictate cultural matters, emphasizing the diversity of cultures around the world.While Ghana’s parliament is considering a revised version of the anti-LGBTQ+ bill, Mahama advocated for broader stakeholder consultations to ensure inclusivity in decision-making. He also emphasized that promoting family values should be done through education, […]

Edem 4Style March 12, 2025

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Minority Slams Government Over Betting Tax and VAT Claims in 2025 Budget

In response to the 2025 Fiscal Policy, the Minority in Ghana's Parliament has criticized the government's proposed tax reforms. Dr. Amin Adams, the Karaga MP and former finance minister, accused the government of misleading the public by claiming they had abolished the VAT on motor insurance and the betting tax. According to Dr. Adams, the previous administration had never implemented these taxes, making their removal a non-issue.He pointed out that the betting tax, which the government claimed to have abolished, had never been collected in the first place. As for the VAT on motor insurance, Dr. Adams said the government was attempting to trick Ghanaians by reintroducing VAT on non-life insurance while exempting motor insurance, which had always been VAT-exempt.The Minority's criticism stems from a broader concern that these "tax cuts" were nothing more than a smokescreen. Dr. Ato Forson, […]

Edem 4Style March 11, 2025

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Ghana Scraps E-Levy and Other Taxes in 2025 Budget

Ghana, 2025 Budget, E-Levy, Tax Reform, Business GrowthIn a significant move, Ghana’s Finance Minister, Dr. Cassiel Ato Forson, unveiled the 2025 budget with a major tax overhaul aimed at easing financial pressures on citizens and fostering business growth. The government has decided to remove several taxes, including the controversial Electronic Transfer Levy (E-levy) and the Betting Tax, which have been major points of contention in recent years.The scrapped taxes include:A 10% withholding tax on lottery winnings (Betting Tax)A 1% E-levy on digital transactionsThe 10% withholding tax on betting activitiesEmissions Levy on industries and vehiclesVAT on motor vehicle insurance policiesA 1.5% withholding tax on unprocessed gold by small-scale minersThese tax removals, originally introduced to expand the government’s revenue base, are now being reversed to alleviate financial burdens on households and support business operations. Dr. Forson emphasized that the aim is to […]

Edem 4Style March 11, 2025

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Bank of Ghana Seeks GH₵53 Billion Bailout to Address Financial Challenges

In a significant announcement during the presentation of the 2025 Budget Statement and Economic Policy on March 11, 2025, Finance Minister Dr. Cassiel Ato Forson revealed that the Bank of Ghana (BoG) is requesting a GH₵53 billion bailout to resolve its financial difficulties caused by negative equity.Dr. Forson highlighted the central bank's dire need for substantial financial support to stabilize its operations and address the ongoing challenges. He explained that the bailout request is critical to help restore BoG’s financial health and ensure it can continue its functions effectively.Fiscal Pressures and Government ArrearsDr. Forson also addressed the wider fiscal challenges the government faces. He disclosed that as of December 2024, Ghana's total arrears had risen to GH₵67.5 billion, equivalent to 5.2% of the country’s GDP. A significant portion of this amount—GH₵21 billion—is attributed to the road sector.The Finance Minister expressed […]

Edem 4Style March 11, 2025

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Court Overturns BoG’s Licence Revocation for Ideal Finance

The High Court (Human Rights Division) has ruled against the Bank of Ghana’s (BoG) decision to revoke the operating licence of Ideal Finance Limited.In a verdict delivered on March 10, the court found that the central bank had not followed due legal procedures before withdrawing the company’s licence. As a result, Ideal Finance can now resume operations, marking a major victory for the financial institution.Ideal Finance was among 23 financial firms whose licences were revoked in 2019 as part of BoG’s financial sector cleanup. The central bank had cited insolvency and poor governance as key reasons for the move. However, the court determined that BoG failed to exhaust the required legal processes before taking action, leading to the reversal.This ruling could have broader implications, as it may encourage other affected institutions to challenge BoG’s regulatory decisions.

Edem 4Style March 11, 2025

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The DOGE Conspiracy: Is Elon Musk Erasing Evidence of a Massive Cover-Up?

A federal judge has blown the lid off what could be the biggest political cover-up in modern U.S. history. At the heart of the scandal? Elon Musk and the Department of Government Efficiency (DOGE), a secretive federal entity accused of mass firings, unchecked power, and potential ties to high-ranking officials—including Donald Trump.Judge Christopher Cooper’s ruling demands the release of DOGE’s internal records, citing its aggressive overreach in dismantling agencies, accessing sensitive government data, and eliminating employees who may have uncovered damaging evidence against Musk and his business empire. Before DOGE, Musk faced multiple federal investigations—ranging from labor violations to securities fraud. Could DOGE’s rapid purge be designed to erase all traces of these probes?Even more troubling is the Republican Party’s silence. Despite controlling key oversight committees, there have been no hearings, no subpoenas, and no investigations into DOGE’s sweeping influence. […]

Edem 4Style March 11, 2025

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Ghana’s Finance Minister to Present 2025 Budget with a Focus on Economic Stabilization

Ghana's Finance Minister, Dr. Casiel Ato Forson, is set to present the 2025 budget in Parliament today, March 11. The government has pledged to focus on economic stabilization and fostering sustainable growth. Following a recent cabinet meeting, Government Communications Minister Felix Kwakye Ofosu reassured Ghanaians of the administration's commitment to its economic and social promises, including the removal of the betting tax and COVID levy.The budget will not only outline the current state of the nation's finances but also offer hope for future growth through strategic policies. Dr. Forson emphasized that the budget would reflect the government's dedication to addressing the needs of the people, especially as they aim for national development. Ahead of the presentation, Forson engaged with traders at Accra’s Central Business District, expressing gratitude for their input and confirming the government's continued focus on the people’s needs.In […]

Edem 4Style March 11, 2025

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