Author: Krobea

Former Finance Minister and Karaga MP Dr. Mohammed Amin Adam has cautioned against what he describes as attempts by government officials to politically appropriate the Court of Appeal’s decision ordering the restoration of GN Savings and Loans’ licence. In a Facebook post on Saturday, May 23, Dr Amin Adam argued that the ruling was not merely a legal matter, but a major financial-sector policy event with implications for regulatory credibility, macroeconomic stability, and Ghana’s post-IMF outlook. According to him, the decision comes against the backdrop of campaign promises by President John Dramani Mahama to restore licences of financial institutions he…

Karaga Member of Parliament (MP) and former Finance Minister Dr. Mohammed Amin Adam has called on the Bank of Ghana and the Ministry of Finance to immediately clarify the regulatory and fiscal implications of the Court of Appeal ruling ordering the restoration of GN Savings and Loans’ licence. In a Facebook post on Saturday, May 23, Dr Amin Adam said Ghana cannot afford to politicise banking regulation at a time when the country is emerging from an IMF-supported programme. “Financial stability is not a campaign promise. It is a national asset,” he wrote. The former Finance Minister outlined three immediate…

Former Finance Minister Dr. Mohammed Amin Adam has warned that the Court of Appeal ruling ordering the restoration of GN Savings and Loans’ licence could expose Ghana to significant fiscal and financial-stability risks if not handled cautiously. In a Facebook post on Friday, May 23, the Karaga MP said the ruling could trigger a wave of similar claims from other collapsed institutions, potentially exposing the state to compensation demands, depositor settlement disputes, asset-return claims, and recapitalisation pressures. “Ghana is exiting an IMF ECF arrangement with very limited fiscal space. This is not the time to create open-ended contingent liabilities,” he…

Ghana’s Black Stars suffered a 2-0 defeat to host nation Mexico in an international friendly played at the Estadio Cuauhtémoc in Puebla on Friday, May 22 as both sides continue their final preparations ahead of the 2026 FIFA World Cup. Mexico were dominant from start to finish, with Brian Gutierrez opening the scoring early before Guillermo Martinez sealed the victory in the second half following a dangerous counterattack. Ghana struggled to respond offensively and spent most of the match defending deep in their own half. Gutierrez broke the deadlock as early as the second minute, giving El Tri a dream…

Black Stars Head Coach Carlos Queiroz has cited personal reasons for which he will not be in the dugout as the team takes on Mexico in a friendly on Friday, May 22. It would have been the first game for the Portuguese and his assistant, Roger Da Sa. However, Desmond Sakyi Ofei has been handed the match to handle. The former Black Satellites Head Coach had led the team throughout training this week as the makeshift squad prepare for the penultimate pre-World Cup game. “Offei, who has supervised the team’s preparations since arrival in Mexico, will be assisted by goalkeepers’…

The Executive Secretary of the National Identification Authority (NIA), Wisdom Kwaku Deku, has announced sweeping reforms aimed at deepening the use of Ghana’s national identity system, including plans to make biometric verification mandatory for all transactions. He explained that proposed amendments before Parliament would tighten identity verification processes and eliminate reliance on visual inspection or photocopies of the Ghana Card. “All transactions should go through biometric verification,” he stated, warning that non-compliance would constitute an offence under the law. Mr Deku also revealed that the Authority has resumed nationwide registration for children aged six to 14, with over 60,000 already…

The Pilgrims Affairs Office of Ghana (PAOG) has announced with deep regret the passing of a 53-year-old Ghanaian pilgrim who collapsed and died at the Haram in Makkah while performing Tawaf. In a press release dated Friday, May 22 and signed by Mohammed Amin Lamptey, Director of Communications of PAOG, the office confirmed that Mr. Musah Sidi collapsed during Tawaf, the ritualistic act of walking in a circular or circuitous path around the Kabah or sacred space, and passed away shortly afterwards. The family of the deceased has been duly informed of his passing, with the body being prepared for…

The Member of Parliament for Tano North and Deputy Ranking Member on Parliament’s Finance Committee, Dr Gideon Boako, has claimed that bank charges in Ghana are expected to increase from June 4, following recent developments within the country’s banking sector. In a social media post shared on Friday, May 22, Dr Boako suggested that ongoing financial and regulatory adjustments within the banking industry would soon have direct implications for customers. “And oh, know also that bank charges are going to go up from 4th June,” he wrote. The lawmaker, who has recently commented on Bank of Ghana policy decisions and…

Deputy Ranking Member on Parliament’s Finance Committee and Member of Parliament for Tano North Dr. Gideon Boako has cautioned that some commercial banks may soon begin rejecting certain foreign exchange deposits, urging individuals holding dollars to consider depositing them before possible restrictions take effect. In a Facebook post published on Thursday, May 21, Dr. Boako said persons intending to deposit foreign currency should act promptly to avoid losing the opportunity in the future. He indicated that the development could emerge as part of broader financial sector challenges linked to recent policy decisions by the governing National Democratic Congress (NDC) following…

Former Dormaa East Member of Parliament (MP) Paul A. Twum-Barimah has welcomed the decision by the Accra High Court to grant bail to Kwame Baffoe, popularly known as Abronye DC, describing it as a victory for constitutional rights and freedom of expression. In a Facebook post on May 21, Mr Twum-Barimah stated that the High Court granted the NPP Bono Region Chairman bail in the sum of GH¢100,000 with two sureties after eight days in BNI custody over comments made about a Circuit Court judge on social media. According to him, the earlier decision by the Circuit Court to deny…