Author: newsfilegh

The Ghana Stock Exchange (GSE) has defied regional and domestic headwinds to close the first half of 2025 on a stellar note, with the Composite Index soaring to 6,347.47 points—an impressive year-to-date return of 29.84%. The GSE Financial Stocks Index (GSE-FSI) fared even better, posting a 43.03% gain and closing at 3,405.34 points. Market capitalization reached GHS137.5 billion, underscoring investors’ renewed confidence in equities as a hedge against inflation and currency depreciation. To understand what this momentum portends for the second half of the year, The New Republic engaged Ms. Gifty Annor-Sika Asantewah, President of Women in Forex Ghana (WiFG)…

The Member of Parliament for Akwatia, Ernest Yaw Kumi, representing the New Patriotic Party (NPP), in Parliament has been reported dead flowing a short illness. Information gathered by The New Republic (TNR) from family members and high ranking party executives indicates that Mr. Kumi (deceased) died on Monday, July 7, 2025, though the cause of death has not yet been officially disclosed. As of now, Parliament and the NPP leadership are yet to issue formal statements or announce funeral arrangements. Mr. Kumi was serving his first term in Parliament, having won the Akwatia seat in the December 2024 general elections,…

A simmering controversy is unfolding on social media between Ghana’s Minister for Communication and Member of Parliament for Ningo-Prampram, Hon. Samuel Nartey George, and the Igbo King in Ghana, His Royal Majesty Eze Dr. Chukwudi Jude Ihenetu, over claims of land ownership and cultural establishment in Old Ningo. The tension stems from a widely circulated video in which King Chukwudi Jude Ihenetu disclosed his intentions to construct an “Igbo Village” in Ghana. According to the King, this cultural project is to be situated around Old Ningo, where he claims to have already acquired a vast expanse of land. “My vision…

The jail-bound Evangelist Mama Pat, popularly known as Nana Agradaa, has been ordered by an Accra Circuit Court to reappear on July 30, 2025, in connection with a separate case unrelated to her recent 15-year prison sentence. The court directed her to open her defence on charges involving the alleged non-consensual sharing of intimate images. The court has mandated her to present her defense against charges concerning the alleged non-consensual distribution of intimate images. This case was initiated by preacher Prophet Appiah, also known as Osofo Biblical, who has accused Agradaa of unlawfully broadcasting a video depicting him in a…

In a bid to prevent the recently resurged COVID-19 virus from spreading across, a group of concerned Level 400 students of the University of Ghana, is preparing to submit a formal petition to the University’s Sports Directorate. Their aim is to stop the New Patriotic Party (NPP) from holding its National Delegates Conference at the University of Ghana Sports Stadium, scheduled to take place from July 17 to 19, 2025. The students have expressed serious concern over the potential health risks posed by the planned event, warning that allowing thousands of delegates from across the country to gather in one…

…as Government Pays $300 Million to Eurobond Holders In a bold move to restore investor confidence and attract  more foreign direct investment, the Government of Ghana has successfully released US$300 million to service debt owed to Eurobond holders, a move analysts say is critical in restoring investor confidence in the country’s creditworthiness. The payment, effected on July 3, 2025, covers coupon payments due to holders who agreed to participate in Ghana’s ambitious Eurobond Debt Exchange Programme concluded last year. According to official sources, the Ghana cedi component of the payment had already been transferred to the Bank of Ghana, which…

Inflated Contract and Bypassed Rules A multimillion-cedi procurement deal by the Ghana Meteorological Agency (GMet) is facing scrutiny amid allegations of irregularities, inflated pricing, and a potential conflict of interest. The contract, worth USD 878,641, was awarded for the installation of an Automatic Weather Observation System (AWOS) at Kotoka International Airport, but experts and insiders say the process bypassed best practices and raises troubling questions about accountability. At the centre of the deal is PM Consult Limited, a company previously linked to weather-related procurements, though without any confirmed experience in system installation or technical delivery. The firm was awarded the…

… seeks court bailout as defeat looms The political temperature in Ghana’s Ablekuma North constituency has hit boiling point, with the ruling New Patriotic Party (NPP) visibly rattled and desperately seeking judicial intervention to halt a crucial parliamentary rerun. Insiders suggest the party, sensing an imminent defeat, has thrown a legal Hail Mary, filing an interlocutory injunction to block the Electoral Commission (EC) from proceeding with an exercise that could dramatically shift the balance of power. The NPP’s National Youth Organiser, Salam Mustapha, has emerged as the party’s chief mouthpiece in this high-stakes drama, launching a blistering attack on the…

…Desperate Students Beg Mahama for Intervention The government of the Republic of Ghana is owing some scholarship students abroad stipends in arrears ranging from 8 to 36 months as some students have called on President John Dramani Mahama to come to their aid. The President of the Ghana PhD Cohort, Prince Bansah, has boldly spoken out on the escalating crisis confronting Ghanaian government-sponsored students in the United Kingdom, describing the situation as deeply distressing, worsening daily, and now jeopardising Ghana’s diplomatic standing. Speaking on Joy FM’s Super Morning Show, Mr. Bansah emphasised, “The reality on the ground is far more…

Ghana’s ambitious Volta Economic Corridor project is set to receive significant backing following the signing of a Letter of Intent (LOI) between the Ghana Infrastructure Investment Fund (GIIF), the 24-Hour Economy and Accelerated Export Development Secretariat, and the African Development Bank Group (AfDB). The agreement, signed on Monday, July 7, 2025, aims to transform Lake Volta into a multimodal transport hub, unlocking agricultural, industrial, and export opportunities for the West African nation. The initiative falls under Ghana’s newly launched 24-Hour Economy and Accelerated Export Development Programme (24H+), officially inaugurated by President John Dramani Mahama on July 2, 2025. The Volta…