Author: Krobea

Former Finance Minister Dr. Mohammed Amin Adam has claimed that the financial position of the Bank of Ghana in 2025 was significantly weaker than officially reported, arguing that proceeds from gold sales were used to cushion the impact of heavy operational losses. In a detailed Facebook post on Friday, May 1, the Karaga MP argued that the central bank’s reported GH¢15.6 billion net loss did not fully reflect its underlying financial challenges because gains from the sale of gold reserves were recognised as income. Dr Amin Adam stated that the Bank reportedly sold about 18 tonnes of gold reserves, generating…

Former Finance Minister and Karaga MP Dr Mohammed Amin Adam has raised fresh concerns about the financial reporting practices of the Bank of Ghana, arguing that the institution’s 2025 losses were significantly understated in public discourse due to the accounting treatment of gold sales. In a Facebook post on Friday, May 1, Dr Amin Adam said the central bank’s reported GH¢15.6 billion net loss does not reflect the full extent of underlying fiscal strain, insisting that the inclusion of gold-related gains materially altered the final outcome. He explained that the Bank reportedly sold about 18 tonnes of gold reserves, generating…

Former Finance Minister and Member of Parliament for Karaga Dr Mohammed Amin Adam has alleged that the Bank of Ghana used proceeds from gold sales to mask the true extent of its financial losses in 2025. In a Facebook post on Friday, May 1, Dr Amin Adam claimed the central bank’s reported net loss of GH¢15.6 billion would have been significantly higher if gains from gold sales had not been recognised in its profit and loss account. According to him, the Bank reportedly sold about 18 tonnes of Ghana’s gold reserves accumulated under the previous New Patriotic Party administration, generating…

President John Dramani Mahama on Thursday, April 30 paid a surprise visit to the GRIDCo Transmission Station in Akosombo after it was hit by a fire disaster recently. In the company of some engineers and government officials, President Mahama was at the facility to ascertain the extent of damage of last Thursday’s fire and work being done by engineers on the ground. He expressed gratitude to the workers for their sacrifice in so far getting at least four turbines back in operation. “You have four of the turbines back on,” he says, “and [the Energy Minister] says that you’re working…

The Member of Parliament for Gushegu, Alhassan Tampuli, has donated motorbikes and mathematical sets to the Municipal Directorates of the Ghana Education Service (GES) and Ghana Health Service (GHS) in the constituency to enhance their operations. The MP, who also serves as the Deputy Ranking Member on Parliament’s Constitutional, Legal and Parliamentary Affairs Committee, presented five motorbikes each to the two institutions at a ceremony held at the Gushegu Community Center on Thursday, April 30. According to him, the gesture was motivated by the need to appreciate the dedication and sacrifices of teachers and health professionals working across the constituency.…

Minority Leader Alexander Afenyo-Markin has descended heavily on the Mahama-led administration, accusing it of weaponising state institutions against the opposition New Patriotic Party (NPP). It cited the circumstances under which former Managing Director of GIHOC Distilleries Maxwell Kofi Jumah was arrested as an example of the vindictive action of the government. “The pattern of conduct is unmistakable and deliberate: a raid to intimidate; a seizure of personal property to destabilise; and a formal arrest to send a chilling message across the entire NPP,” the Effutu Member of Parliament (MP) said in a statement on Wednesday, April 29. “The goal of…

The Minority has condemned in the strongest and most unequivocal terms the arrest of former Managing Director of GIHOC Distilleries Maxwell Kofi Jumah. “We hold the view that this arrest is politically directed and forms part of a concerted effort to weaponise State institutions against political opponents,” the Minority said in a statement issued by Leader Alexander Afenyo-Markin on Wednesday, April 29. Mr Kofi Jumah was arrested same day over investigations into his administration as MD for GIHOC Distilleries. The Minority insisted that the action by the Economic and Organised Crime Office (EOCO) has not come in a vacuum. The…

The University of Cape Coast (UCC) has confirmed the death of Senior Lecturer Dr Kwabena Koforobour Agyemang and his Teaching Assistant (TA), Peter Amoadu-Asmah, following a tragic road crash on Tuesday, April 28. The tragic accident occurred at Third Ridge on the Cape Coast-Accra highway, where a tipper truck is said to have fallen on the Toyota Corolla vehicle the two were travelling in. In a press release issued after the unfortunate incident, management of UCC described Dr Koforobour Agyemang as a highly respected member of the university community known for his dedication to teaching, research and service. “His invaluable…

The Ghana Football Association (GFA) has announced the start date of the 2026/27 Ghana Premier League season. The Association is out with the date with about four round of matches to end the 2025/26 season. According to sources, the Association is planning the date ahead of Ghana’s campaign at the 2026 FIFA World Cup. Per the decision, the 2026/27 season will start on Friday, September 4 with matches spread to Monday, September 7. The weekend of Friday, May 28-31, 2027 has been scheduled for the end of the season.

As part of the ongoing nationwide registration of small-scale and artisanal miners, the rCOMSDEP team deployed to the Northern Region has paid a courtesy call on Northern Regional Minister, Ali Adolf John. The engagement formed part of a broader stakeholder outreach effort to ensure the effective rollout of the exercise across the region. The visit was aimed at strengthening collaboration between the rCOMSDEP team and regional authorities, as well as aligning on key strategies to support a smooth and coordinated implementation of the registration process. Officials highlighted the importance of local government support in reaching miners operating in remote and…