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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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Former NSA Deputy Director Gifty Oware-Mensah Released by NIB

Gifty Oware-Mensah, the former Deputy Executive Director of the National Service Scheme (NSS), has been released by the National Investigations Bureau (NIB) after being questioned in connection with the ongoing investigation into the ghost names scandal at the NSS.Oware-Mensah was arrested on Friday, March 7, 2025, and detained for a brief period before being granted release on Saturday, March 8, 2025. Sources suggest her cooperation with investigators during the questioning contributed to her release.Her interrogation is part of a broader investigation into alleged irregularities within the NSS, which has been under scrutiny due to claims of ghost names being included in the national service registration.Although her involvement in the scandal remains unclear, Oware-Mensah is expected to return for further questioning as investigations continue. Authorities have not yet revealed whether formal charges will be filed against her.As of now, Oware-Mensah has […]

Edem 4Style March 10, 2025

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Govt to Scrap E-Levy and COVID Levy in 2025 Budget

The government of Ghana has confirmed that it will abolish both the E-Levy and the COVID Levy in the upcoming 2025 budget, which will be presented on March 11, 2025. Felix Kwakye Ofosu, the Minister of State for Government Communications, shared this development during a press briefing in Accra on March 10. These changes are part of the government’s 120-day Social Contract, which includes 26 key pledges aimed at revitalizing the economy and easing the financial burden on citizens.In addition to scrapping the levies, the government is also planning a review of taxes and levies on vehicles and equipment imported for industrial and agricultural purposes. Other significant promises include launching the 24-Hour Economy Policy, introducing a ‘No-Academic-Fee’ policy for all first-year public tertiary students, and establishing a Women’s Development Bank. Furthermore, job creation initiatives are a priority within the budget.Ofosu […]

Edem 4Style March 10, 2025

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Ken Ofori-Atta Speaks Out Amid OSP Investigation: ‘I’m Puzzled and Dismayed

Ken Ofori-Atta, Ghana’s former Finance Minister, has expressed his confusion and frustration following the criminal investigation launched by the Office of the Special Prosecutor (OSP) against him. In an open letter dated February 26, 2025, Ofori-Atta described the situation as perplexing and distressing, urging the public to understand his perspective.The investigation focuses on several financial dealings, including the Strategic Mobilisation-GRA contract, the ECG-BXC contract termination, payments related to the National Cathedral project, the procurement of ambulances, and the use of the Tax Refund Account. The OSP had initially issued a wanted notice for Ofori-Atta, but this was later revoked after he communicated plans to voluntarily return to Ghana. The OSP warned that any failure to return as promised would lead to further legal action.In his letter, Ofori-Atta revealed that he was out of the country for medical reasons when the […]

Edem 4Style March 10, 2025

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Rising ‘RED’ Opioid Addiction Grips Ghana’s Youth: A Growing Crisis

A disturbing trend is unfolding in Ghana’s urban ghettos, where the abuse of a potent opioid known as “RED” is becoming increasingly widespread among the youth. This drug, primarily composed of tramadol, is wreaking havoc on the health and social well-being of its users, with many turning to it for relief from physical pain, exhaustion, or stress.Viral videos circulating on social media show people nodding off or falling into a stupor in public, often as a result of RED abuse. The drug’s popularity is rising due to its easy accessibility and affordability, despite being a controlled substance.One user, Fada, explains, “RED gives me the energy to work, so I love it. I don’t take it regularly, only when I’m in pain.” Others, like Nana Kwesi, an artifact trader, describe using RED as a performance enhancer: “I can walk from Kumasi […]

Edem 4Style March 10, 2025

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FIFA Bans Gabon Coach for Life Over Sexual Abuse Scandal

FIFA has imposed a lifetime ban on former Gabonese youth coach Patrick Assoumou Eyi after he was found guilty of sexually abusing young players throughout his career. The decision follows a BBC Africa Eye investigation that exposed a widespread abuse network in Gabonese football.Eyi, also known as "Capello," held immense power over player selection for national youth teams, making it difficult for victims to speak out. Despite admitting to grooming and abusing minors, many believe his punishment is only the beginning, as more perpetrators remain within the system.FIFA's ethics committee found that at least four male players accused Eyi of abuse between 2006 and 2021, with most incidents occurring when they were minors. In addition to the ban, Eyi has been fined one million Swiss francs and remains in prison.One of Eyi's victims welcomed FIFA's decision but stressed that a […]

Edem 4Style March 8, 2025

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Kofi Bentil Commends Mahama for Reclaiming State Lands, Calls for Stronger Reforms

IMANI Africa Vice President Kofi Bentil has praised President John Mahama for reversing the sale of state lands but urged him to go further by enacting strict regulations to prevent future political misuse of public assets.Speaking on JoyNews' Newsfile on March 8, Bentil highlighted the need for transparent policies to ensure state lands, vehicles, and buildings are allocated lawfully. He called on Mahama to implement rules under Article 296 to prevent discretionary land allocations by officials.He warned that successive governments have exploited legal loopholes to favor political allies, stressing that public officials must act as stewards rather than seeking personal gain.Bentil emphasized that state assets should be auctioned publicly to ensure fairness and accountability, in line with Article 257 of the Constitution and the Public Procurement Act.

Edem 4Style March 8, 2025

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Shatta Wale Criticizes Sam George Over Independence Day Data Bundle Initiative

Ghanaian dancehall artist Shatta Wale has sparked controversy with his criticism of the Minister for Communications and Digital Technology, Sam Nartey George, regarding the Special Independence Day data bundle initiative.On March 7, 2025, Shatta Wale took to his official Facebook page to express his disapproval of the initiative, which saw telecommunication networks offering discounted data bundles to celebrate Ghana's 68th Independence Day. In his post, Shatta Wale stated that the data bundle reduction was not what Ghanaians truly needed. Instead, he called for more tangible financial support from the government, such as direct cash assistance.“This is not what Ghanaians need massa...You think this is what can make you stay in power? Abi... You didn’t even say 1000ghc for every Ghanaian and small time you will be planning to buy properties abroad... Next joke please! Let us be serious in this […]

Edem 4Style March 8, 2025

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