Tag Ghana

Ghana’s 24-hour Economy: A Productivity Shift

GHANA’S ambitious plan to establish a 24-hour economy has sparked nationwide discussions on its potential to drive economic growth. According to legal and economic expert David Ofosu-Dorte, the policy isn’t just a government initiative but a transformative strategy to address Ghana’s long-standing…

Ghana’s Inflation Dips Slightly to 23.5% In January

GHANA’S consumer inflation rate edged down slightly to 23.5 percent year-on-year in January, from 23.8 percent in December, marking a marginal improvement amid ongoing economic recovery efforts, the Ghana Statistical Service announced on Monday. The latest figures, reported by Reuters, indicate…

Ghana’s President Mahama Urges Crackdown On Corruption

GHANA’S President John Mahama has called on African leaders to take decisive action against corruption, describing it as a major obstacle to economic transformation. Speaking at the Africa Prosperity Dialogues 2025 in Accra over the weekend, Mahama stressed that without transparency, accountability,…

Chaos Erupts in Ghana Parliament Over Ministerial Vetting

GHANA’S parliament was thrown into chaos late Thursday night during a vetting session for new ministerial appointments. Lawmakers were seen pushing and shoving, with some damaging furniture and microphones, prompting police intervention. The disturbance occurred during a heated dispute over…

Ghana Speaker Suspends 4 MPs Over Chaotic Incident

GHANA’S Speaker of Parliament, Alban Bagbin, has suspended four Members of Parliament (MPs) for two weeks following a disruptive altercation during a ministerial vetting session. The suspension, effective immediately, aims to uphold order and discipline in the legislative chamber. Suspended MPs and…

Ghana Finalises Debt Deal With Official Creditors

GHANA has signed a memorandum of understanding (MoU) with its official creditors, formalising a debt restructuring agreement reached last year, the country’s finance ministry announced on Wednesday. According to Reuters, the deal marks a significant milestone in Ghana’s ongoing efforts to stabilise its…

Ghana Eyes $1bn Boost From Legal Cannabis Industry

GHANA is set to tap into the global cannabis market, with the potential to earn $1bn annually from the industry, according to Mark Darko, CEO of the Chamber of Cannabis Industry. The country recently passed the Narcotics Control Commission Bill,…

Ghana Delays Cocoa Deliveries Amid Two-decade Low Output

GHANA, the world’s second-largest cocoa producer, has delayed the delivery of 370,000 metric tons of cocoa from the 2023/24 season, marking an increase from the 350,000 tons previously reported. The announcement was made by food and agribusiness minister-designate Eric Opoku during…

Ghana to Probe $400m Cathedral Project Amid Controversy

GHANA’S government will launch an investigation into the controversial $400 million national cathedral project, newly elected President John Mahama announced. The decision comes amid growing criticism over the project’s cost as the country grapples with economic hardship. The cathedral, proposed…

Ghana Cuts Ties With Polisario, Backs Morocco

IN a landmark diplomatic shift, Ghana has officially severed ties with the Polisario Front, ending its recognition of the Sahrawi Arab Democratic Republic (SADR) after 46 years. The move aligns Ghana with Morocco’s Autonomy Plan for Western Sahara, first proposed in…