Author: newsfilegh

By Prince Ahenkorah The Current lending rates in Ghana hovers around 27.4%, making access to affordable credit a significant hurdle for businesses, especially small and medium-sized enterprises. The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, in his quest to make borrowing cheaper and stimulate economic activities, has set an ambitious target to lower lending rates to 10% or less within the next four years. This he says is to stimulate private sector investment and accelerate economic growth. Speaking at the AGI Corporate Forum in Accra, Dr. Asiama stressed the urgency of structural reforms to tackle lending rate…

BY LEO NELSON The tranquility of Ketu South has been shattered, leaving over 500 residents homeless in the wake of relentless tidal waves. In a show of solidarity, Municipal Chief Executive (MCE) Nicholas Kwabla Worlachie has extended his deepest sympathies to the ravaged communities, pledging an immediate and robust government intervention to assuage their suffering. During a poignant visit to the hardest-hit areas, MCE Worlachie unveiled plans for the urgent temporary relocation of those displaced to safer havens. He underscored the critical need for speed, confirming that the Assembly is working hand-in-glove with the National Disaster Management Organization (NADMO) to…

BY LEO NELSON In a move that could shake up regional trade, Chief Gabriel Kwamigah Tanko, a prominent figure on the Volta Region’s Council of State, has publicly declared the government’s unwavering support for women engaged in cross-border trade. This declaration comes amidst growing calls to empower the backbone of West African commerce: its women traders. Chief Tanko made the pledge during a crucial visit from the National Cross Border Women Traders Association (NCBWTA), a powerhouse organization representing thousands of women who navigate the often-turbuous waters of informal cross-border trade across Ghana’s sprawling land borders. For too long, the invaluable…

NDC Chairman confronts former Auditor-General in protracted defamation battle By Philip Antoh Johnson Asiedu Nketia, the National Chairman of Ghana’s opposition National Democratic Congress (NDC), is challenging an eight-year-old defamation suit. On May 29, “General Mosquito,” as he is widely known, appeared in an Accra High Court to defend himself against a GHC20 million (approximately $1.6 million) claim brought by Professor Edward Dua-Agyemang, a former Auditor-General and current Chairman of the Audit Service Board. Contrary to prior media speculation that Nketia had evaded the case, he presented his evidence-in-chief, asserting his stance against the allegations. Professor Dua-Agyemang’s legal team is…

…as BOG’s Anti-Inflation Campaign Yields Results By Leo Nelson Ghana’s relentless pursuit of macroeconomic stability is beginning to bear fruit, with May 2025 recording a significant drop in year-on-year inflation to 18.4%. This marks a substantial decrease from April’s 21.2% and represents the fifth consecutive month of decline, according to the Ghana Statistical Service (GSS). The figure is the lowest since February 2022, signaling a potential turning point for households and businesses grappling with escalating costs. Government Statistician Dr. Alhassan Iddrisu attributes this notable disinflation to a primary factor: the reduction in transport fares, directly linked to falling fuel prices.…

By Philip Antoh The Importers and Exporters Association of Ghana (IEAG) has made a compelling appeal to President John Dramani Mahama for the immediate cancellation of the downstream petroleum contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Limited (SML). They have characterized this agreement as a “redundant and corrupt deal” that continues to deplete national resources. During a press conference held in Accra on June 4, 2025, the Executive Secretary of IEAG, Mr. Samson Asaki Awingobit, remarked that despite a presidential directive issued in 2024 that suspended certain aspects of SML’s involvement due to serious investigative findings…

Goosie Tanoh Drops Bombshell At 46th June 4th Revolutionary Anniversary By Philip Antoh On the 46th anniversary of Ghana’s pivotal June 4th Revolution, a seismic tremor hit the National Democratic Congress (NDC) as founding member Augustus Goosie Obuadum Tanoh delivered a scathing critique and a desperate plea: RESET NOW Tanoh, a seasoned politician and the Presidential Advisor on the 24-Hour Economy, didn’t mince words. His message, drenched in revolutionary fervor, was clear – the NDC, a party born from the very principles of June 4th, has strayed dangerously from its core values of justice, probity, and popular sovereignty. “The NPP’s…

In a pivotal move to resolve Ghana’s prolonged power crisis, Parliament has given the green light to the Energy Sector Levy (Amendment) Bill 2025. This legislation introduces a new GH¢1 levy on petroleum products, expected to generate GH¢5.7 billion annually, specifically earmarked to stabilize the nation’s energy sector. Amid heated parliamentary debates, the levy aims to tackle a substantial US$3.1 billion energy sector debt, as highlighted by Finance Minister Dr. Cassiel Ato Forson, who stressed the importance of at least US$3.7 billion to settle current liabilities and an additional US$1.2 billion to secure necessary fuel for thermal power throughout 2025.…

Legal Director Blocks Wontumi’s Lawyer, Vows Eternal Silence By Gifty Boateng A political earthquake has rocked the New Patriotic Party (NPP) as the party’s own Legal Affairs Director, Gary Nimako, has declared war on Andy Appiah-Kubi, the lead counsel for the embattled Ashanti Regional Chairman, Bernard Antwi-Boasiako, popularly known as Chairman Wontumi Nimako, seething with rage, has vowed to never speak to Appiah-Kubi again, accusing the senior lawyer of a brazen act of betrayal and “disingenuous” falsehoods! The explosive fallout stems from Appiah-Kubi’s claims that he was kept in the dark about an application for variation of Chairman Wontumi’s bail…

Witness Blows Whistle On ‘Ghana Must Go’ Bags of Cash for Shady Deals By Prince Ahenkorah The plot thickens in the high-stakes battle against former National Signal Bureau Boss Kwabena Adu Boahene and his wife Angela Adjei-Boateng. Explosive new details have emerged from Frank Anane Dekpey, the man who claims to have been Adu Boahene’s personal errand boy, detailing a web of alleged illicit financial activities that would make your head spin. In a dramatic court session, three key testimonies rocked the prosecution of Kwabena Adu-Boahene, the former Director-General of the National Signals Bureau (NSB), and his wife, Angela Adjei-Boateng.…