Author: newsfilegh

The Ghana National Association of Small-Scale Miners (GNASSM), has expressed its satisfaction with the stakeholder engagements and transparency demonstrated in the Mahama government’s establishment of the Ghana Gold Board (GoldBod). According to GNASSM, in a statement signed by Godwin Nickleson Amarh and Abdul-Razak Alhassan, small-scale miners, are actively represented on the Technical Committee constituted by the Minister of Finance to draft legislative proposals for the creation of GoldBod. The committee also, includes key industry players within the gold supply chain, such as relevant ministries, the Minerals Commission, gold service providers, large-scale mining firms, industry experts, the Jewellers Association, and financial…

Economist Dr Sa-ad Iddrisu, has strongly questioned former Finance Minister, Dr Mohammed Amin Adam’s recent assessment of Ghana’s economic situation, asking which version of the economy the minister was referring to in his remarks. In a pointed statement, Dr Iddrisu, criticized what he described as severe financial mismanagement under the New Patriotic Party (NPP) government, citing concerns about external debt obligations, the energy sector, and incomplete healthcare infrastructure projects. “Are you referring to the economy where your government left only $64,000 in the external debt service account, despite knowing that our external debts were due soon and that the incoming…

….Governor Asiama carries Dr Ernest Addison’s cross on Wednesday The Governor of Ghana’s Central Bank, Dr Johnson Pandit Kwasi Asiama, will appear before the Parliament on Wednesday, March 5, 2025, to provide details on the controversial US$250 million new Bank of Ghana (BoG) complex built by Goldkey Properties during the tenure of Dr Ernest Kwamina Yedu Addison.Announcing the Business Statement of Parliament for the week ending Friday, March 7, 2025, the Majority Leader, Mahama Ayariga, stated that the new Governor, would address the House, regarding the cost of the new BoG head office, christened “The Bank Square,” which was put up under the erstwhile Akufo-Addo government, with…

The Director-General of the National Lottery Authority (NLA), Mr Mohammed Abdul-Salam, has been appointed Vice President of the African Lotteries Association (ALA). Mr Abdul-Salam’s appointment as Vice President of ALA, follows the resignation of the immediate past Director-General of NLA, Samuel Awuku, who was elected Vice President of ALA on March 8, 2024. On the appointment of Mr Mohammed Abdul-Salam, as the new Director-General of NLA, the ALA Board of Directors unanimously apporoved Mr Abdul Salam to the Executive Committee to serve Mr Awuku’s remaining term of office. At an Online ALA Executive Meeting, the president, Mr Dramane Coulibaly, and…

…But key suspect, Rashida Saani, leaves country The National Investigations Bureau (NIB) has initiated an inquiry into last year’s abduction of Sylvia Patience Baah, the Country Manager of Emirates Airlines. However, Rashida Saani Nasamu, the woman at the centre of the abduction, is said to have left the country last Thursday on board Emirates Airlines. The Herald is informed that so far, some of the operatives who took part in the kidnapping, in what has variously been described as state-sponsored terrorism, have been questioned about the incident. Sylvia, The Herald is informed, has also been questioned about her ordeal at…

…To eliminate banking sector fraud The Bank of Ghana (BoG), has issued a firm directive against photocopying Ghana Cards for banking transactions, emphasising that biometric verification, must be the standard for identity authentication. This position was reinforced during a stakeholder engagement held at the Kempinski Hotel Gold Coast City, Accra, organised by Identity Management Systems II (IMS II) Ltd in collaboration with the National Identification Authority (NIA). The event, themed “Protect Every Transaction with Biometric Verification,” brought together the BoG, the Ghana Association of Banks, the NIA, and representatives from the 25 universal banks operating in the country to discuss…

…..Cites resource constraints Impeccable information received from Military sources, indicates that the head of the Ghana Armed Forces (GAF) Finance Unit, had been halted from holding a scheduled four-day retreat for 12 commissioned officers at the Aqua Safari Hotel. However, the National Security Secretariat, intervened to stop the event, raising concerns over its necessity and the prudent use of state resources. The officers are now more reckless with money than the politicians and other civil servants. Many say the financial rot in the GAF, is quite alarming. They insist that an audit will genuinely establish the extent of corruption in…

The country lost two prominent individuals on Saturday, March 1, 2025. Alhaji Asoma Banda, a pioneering figure in Ghana’s shipping and aviation industries, passed away in the early hours of the day. But just as Ghanaians were coming to terms with the businessman’s passing, another shock came from the family of Alhaji Amadu Sulley, a former Deputy Chairman of the Electoral Commission, announcing his sudden death. Both Banda and Amadu Sulley, have not been seen publicly in years. The news of Alhaji Asoma Banda’s passing was shared on social media by Nigerian businessman and close associate Dele Momodu, who paid…

The recent decision by the government to lower Treasury bill (T-bill) rates from 28percent to 20.7percent, is a long-overdue and welcome move. For the past eight years, under the erstwhile New Patriotic Party (NPP) government led by Nana Addo Dankwa Akufo-Addo, businesses in Ghana have struggled under an environment where excessively high T-bill rates incentivized banks to prioritize government securities over lending to the private sector. The prevailing 28percent rate was counterproductive, encouraging banks to simply collect deposits, invest in risk-free government securities, and reap substantial profits, while providing little value to depositors or businesses. This reduction marks a crucial…

The Greater Accra Regional Minister, Linda Ocloo, has launched a series of initiatives aimed at restoring clean sanitation in the capital. These efforts will involve a monthly citywide cleanup to promote a healthier environment and enhance Accra’s appeal to investors. Speaking at the Greater Accra Regional launch of the revived National Sanitation Day at Madina on Friday, February 28, 2025, the Minister, emphasized the economic benefits of proper sanitation. She noted that poor waste management and unclean surroundings deter investors, making it imperative for the government to prioritize cleanliness. The reintroduction of the National Sanitation Day, aligns with this vision.…