Author: Krobea

Former Finance Minister Dr Mohammed Amin Adam has cautioned that the Bank of Ghana’s reported sale of a significant portion of the country’s gold reserves could be masking underlying financial challenges. Reacting to developments in a Facebook post on Thursday, March 19, the Karaga MP expressed concern that the disposal of more than half of Ghana’s gold holdings—accumulated under the Domestic Gold Purchase Programme—may signal a shift away from reserve strengthening towards balance sheet repair. According to the Ranking Member on Parliament’s Finance Committee, if the proceeds from the sale were used primarily to offset losses, it would raise questions…

The Ranking Member on Parliament’s Finance Committee, Dr Mohammed Amin Adam, has called on the Bank of Ghana (BoG) to provide a full and transparent explanation regarding the sale of more than half of the country’s gold reserves in 2025. According to the former Finance Minister, the move raises serious questions about policy direction and the management of Ghana’s external buffers, particularly after significant efforts were made between 2023 and 2024 to build gold reserves under the Domestic Gold Purchase Programme (DGPP). In a Facebook post on Thursday, March 19, Dr Amin Adam noted that Ghana’s gold holdings had increased…

The sale of a significant portion of Ghana’s gold reserves has sparked fresh concerns about the Bank of Ghana’s financial strategy, with Dr Mohammed Amin Adam questioning the motives behind the move. According to the former Finance Minister, Ghana’s gold reserves had increased substantially between 2023 and 2024, rising from about 8.8 tonnes to over 30 tonnes under a policy framework aimed at strengthening external buffers and reducing reliance on foreign exchange. However, the Finance Committee Ranking Member noted that the decision to sell more than half of these reserves in 2025 appears inconsistent with that strategy, particularly if the…

The Pan African Lawyers Union (PALU) has warned that any country choosing to abstain or vote against Ghana’s proposed UN resolution on the transatlantic trafficking and enslavement of Africans risks being judged harshly by history. The resolution, championed by John Dramani Mahama, seeks to formally recognise the atrocity as the gravest crime against humanity. In a strongly worded statement dated March 18, 2026, PALU argued that the transatlantic slave trade was not an isolated historical event but a “foundational rupture” that reshaped global systems. According to the organisation, the scale, duration, and systemic nature of racialised chattel enslavement set it…

The Pan African Lawyers Union (PALU) has thrown its full support behind Ghana’s proposed United Nations resolution seeking to declare the trafficking and racialised chattel enslavement of Africans as the gravest crime against humanity. The initiative, announced by John Dramani Mahama during the General Debate of the 80th UN General Assembly in September 2025, is set to be debated on March 25, 2026, coinciding with the International Day of Remembrance for the Victims of the Transatlantic Trafficking of Africans. In a solidarity statement issued from Arusha on March 18, 2026, PALU described the resolution as a historic opportunity to reshape…

The Senegalese government has expressed outrage at the recent decision by the Confederation of African Football (CAF) to overturn results of the final of the 2025 Africa Cup of Nations (AFCON). Senegal beat hosts Morocco 1-0 after extra time to win their second continental title. However, on Tuesday, March 17, the CAF Appeal Board announced that it has awarded Morocco a 3-0 win, effectively declaring the Atlas Lions as champions. This comes after an earlier ruling by the continent’s football governing body to uphold the 1-0 victory of the Teranga Lions at the Prince Moulay Abdellah Stadium in Rabat on…

The Confederation of African Football (CAF) has officially stripped Senegal of the 2025 Africa Cup of Nations (AFCON) title. ​ The CAF Appeal Board on Tuesday, March 17 overturned the results of the final played on Sunday, January 18, awarding a retrospective 3-0 victory to the host nation, Morocco. ​​The decision stems from the dramatic events at the Prince Moulay Abdellah Stadium. During a tense final, a controversial VAR-awarded penalty for Morocco in the 90+8th minute sparked a furious protest from the Senegalese bench. ​ Under the instruction of head coach Pape Thiaw, the Teranga Lions walked off the pitch,…

Black Stars Head Coach Otto Addo has released his squad for this month’s friendly games against Austria and Germany. Ghana will start preparations for the 2026 World Cup, which is less that 90 days away, with the two friendlies. The first will be on Friday, March 27 against Austria at the Ernst Happel Stadium in Vienna and the second against Germany in Stuttgart on Monday, March 30. Addo’s squad has goalkeeper Benjamin Asare as the only locally-based player. He has also handed call-ups to four players including Derrick Luckassen who was approached by the national team six years ago. Find…

The Minority Caucus in Parliament has called on the government to suspend plans to acquire a new presidential jet and four helicopters, arguing that the move is ill-timed given the challenges facing cocoa farmers across the country. Their concerns follow remarks by the Executive Secretary to President John Dramani Mahama indicating that Ghana could acquire additional aircraft for presidential travel by November as part of efforts to strengthen the nation’s aviation capacity. However, the Minority believes the plan represents a misplaced priority at a time when cocoa farmers are grappling with delayed payments and reduced producer prices. Speaking at Asante…

A microlight aircraft has crashed at Oniku in Tema Community 1. The accident occurred in the afternoon of Monday, March 16. The cause of the accident is yet to be known but eyewitnesses say the aircraft crashed on the compound of a preschool in Tema. Officers of the Ghana National Fire Service (GNFS) have since been to the scene to restore law and order. The microlight aircraft is a two-passenger SkyArrow vehicle manned by two individuals. More to follow. . .