Author: Krobea

Former Finance Minister and Ranking Member on Parliament’s Finance Committee, Dr Mohammed Amin Adam, has petitioned the International Monetary Fund (IMF) over concerns arising from the Bank of Ghana’s audited 2025 financial statements, warning of what he describes as “material implications” for Ghana’s macroeconomic stability and fiscal outlook. In a detailed letter to the IMF Ghana Mission Chief under the Extended Credit Facility (ECF) programme in Washington, D.C., Dr Amin Adam said the Fund must pay closer attention to safeguarding gains made under the programme. He commended the IMF’s support but stressed that “greater attention is paid to safeguarding the…

Ranking Member on Parliament’s Finance Committee Dr Mohammed Amin Adam has called for urgent reforms in the treatment of Bank of Ghana finances under Ghana’s IMF-supported programme. He is urging stronger transparency and tighter fiscal-risk monitoring ahead of the programme’s conclusion.In his letter to the IMF Mission Chief on May 2, he recommended that the Fund require a “transparent central bank recapitalisation plan” based on the existing agreement between the Ministry of Finance and the Bank of Ghana. The former Finance Minister said the plan should clearly define financing terms, repayment structure, and parliamentary approval processes. The Karaga lawmaker also…

Government has reiterated its commitment to advancing value addition in agriculture and promoting agribusiness as a key driver of economic growth at the Ghana Cake Festival 2026. The Minister for Food and Agriculture, Eric Opoku, emphasized this agenda through his aide, Samuel Wuntor, who noted that the festival showcases the use of locally sourced ingredients and aligns with the Feed Ghana Programme’s focus on strengthening the full agricultural value chain. According to him, this approach is essential for job creation, reducing imports, and enhancing food security. He explained that government is intentionally shifting agriculture beyond primary production to include processing,…

The Bank of Ghana’s 2025 financial statements confirm an operating loss of GH¢34.9 billion for the year (inclusive of other comprehensive income losses), compared with GH¢9.49 billion in 2024. These figures raise serious questions about the Central Bank’s explanation that the losses represent “the cost of maintaining economic stability.” Stability is important, but it cannot become a blanket justification for large financial losses without clear explanation. The central question is simple: could the same macroeconomic gains have been achieved at a lower cost? This concern is heightened by recent trends. The Bank had previously been narrowing its losses, while inflation…

Vice President Professor Naana Jane Opoku-Agyemang has extended best wishes to all students writing the 2026 Basic Education Certificate Examination (BECE), urging them to approach the exercise with confidence, honesty, and determination. In a statement issued on Monday, May 4, by the Office of the Vice President, Prof. Opoku-Agyemang expressed confidence that all candidates would give off their very best, having invested years of effort, discipline, and preparation toward the milestone examination. “She encourages all candidates to approach the examination with confidence, honesty and determination,” the statement signed by Press Secretary and Spokesperson Ama Pratt read. The Vice President also…

The Bureau of National Investigations (BNI) has arrested four persons following investigations regarding the erstwhile Power Distribution Service (PDS). The investigations, said to have been unearthed by Operation Recover All Loots (ORAL), are in connection with the transfer of large sums of money believed to belong to the Electricity Company of Ghana (ECG). The investigations reached a peak last week as the recent crisis of ECG also peaked. The four are Philip Ayensu, Viraj Phat, Sophia Korkor and Justice Menka-Premoh. “The quartet have since been given bail pending further investigations,” a short notice on Monday, May 4 announced.

The Electricity Company of Ghana (ECG) has announced that power will be disrupted for customers within the Kumasi Ridge enclave fue to ongoing works under the Transformer Replacement and Upgrade Programme. This programme across the country has seen power shed per schedule in communities such as Adenta, Nmai Dzorm, Lashibi, and Teshie-Nungua. “The programme aims to improve power supply reliability and reduce system overloads within the network,” ECG said on Sunday in a statement issued by the General Manager of External Communications, Dr Charles Nii Ayiku Ayiku. On the exercise in the Ashanti Region, ECG noted that it will require…

President John Dramani Mahama has arrived in Libreville, Gabon to attend the Libreville international forum. The forum will mainly focus on innovation and technology, economic development in Gabon and Africa, improving business climate to attract investors and building partnerships between governments, companies, and international organizations. It is expected to gather heads of state, government officials, investors, business leaders, technology experts and international institutions. About 1,000 participants from around 35 countries are also expected to attend the forum. Some planned activities include high-level panel discussions, talks on digital transformation and AI, investment promotion sessions, business-to-business meetings and government-to-business discussions. The Gabonese…

New Patriotic Party (NPP) National Chairman aspirant Boakye Agyarko has paid a courtesy call on former Vice President of Ghana Dr Mahamudu Bawumia as part of efforts ahead of his bid for the position of National Chairman of the party. The meeting, held on May Day, provided an opportunity for Boakye Agyarko to commend Dr Bawumia for what he described as his dedicated service to both the NPP and Ghana. The engagement also focused on the future of the party and preparations towards the 2028 general elections. During the discussions, Boakye Agyarko, accompanied by members of his campaign team, formally…

The Bank of Ghana’s 2025 operational loss has been described as a ”new low” in its recent history. In its 2025 Financial Statement published on May 1, 2026, the Bank of Ghana registered a huge operational loss of GH¢15.6 billion, which is the second highest loss by the Bank since the Cedi was redenominated in 2008. The 2025 loss, surprisingly, also surpassed the 2024 loss, which was seen as a positive outlook from the 2022 global economic crisis which hit the Bank of Ghana and other central banks around the world. With 2025 described as a non-crisis year, analyst have…