Ghanas

A recent report by myjoyonline.com sheds light on significant developments regarding Ken Ofori-Atta, Ghana’s former Minister of Finance. Sources from the U.S. Embassy in Accra have confirmed that both the U.S. Department of Justice and the FBI have evaluated the legal processes initiated against Ofori-Atta. Their conclusion? These actions do not amount to political persecution. This revelation raises compelling questions: What might this mean for the future of legal accountability in political spheres? Is the…

On July 8, 2025, a significant announcement resonated through the corridors of power in Accra during the official inauguration of the Ghana Gold Board Task Force. It was a moment laden with promise—a promise not just for governance and regulation, but for the very integrity of Ghana's treasured gold market. The newly formed task force has a clear and critical mandate: to dismantle the networks of illegal gold trading, put a stop to smuggling operations, and correct the pricing distortions that have plagued the gold sector.…

Azumah Resources Ghana Limited has embarked on a significant journey with the launch of full-scale construction at its Black Volta Gold Mine, located in Ghana's Upper West region. This is not merely a new project phase; it's the culmination of years of meticulous preparatory work interlaced with unexpected delays and challenges. It’s a story many businesses can relate to—a climb marked by hurdles but driven by unyielding determination. The company, which proudly represents indigenous interests, is buoyed by both…

As we look toward the future, the Bank of Ghana (BoG) has demonstrated commendable progress in bolstering the nation’s economic foundations. By the end of June 2025, Ghana’s gold reserves had surged to a notable 32.99 tonnes, a significant leap from the 32.16 tonnes recorded just a month prior. This consistent growth underscores Ghana's strategic efforts to shore up its foreign exchange buffers and enhance economic stability. According to the latest statistics from the central bank, Ghana's gold reserves have appreciated…

A Key Element in Ghana's Economic Reform Strategy Recent news from the World Bank reveals an important development for Ghana: the approval of $360 million in funding from the International Development Association (IDA). This endorsement comes as part of the Second Resilient Recovery Development Policy Financing initiative, which aligns seamlessly with Ghana's broader economic reform strategies supported by the International Monetary Fund (IMF). But what does this really mean for the everyday citizen? The…

On June 27, a statement was released on the Bank of Ghana's (BoG) website, garnering attention from publications like The High Street Journal. The Bank identified ten unlicensed money transfer firms that allegedly are conducting foreign exchange and remittance activities in clear violation of Ghanaian financial laws. Have you ever wondered how many people unknowingly rely on services that operate outside legal frameworks? The BoG stressed that these entities lack the necessary licenses and authorization to…

In a significant development, the University of Ghana has announced an immediate suspension of all social gatherings and student-organized events on campus. This decision follows a concerning resurgence of COVID-19 cases within the university community. Just as we were beginning to adapt to a semblance of normalcy, the challenges persist, reminding us how fragile that balance can be. On Thursday, June 26, 2025, the university’s Health Directorate confirmed new suspected and confirmed cases on campus, leading to this…

Despite initial forecasts predicting a GDP growth of between 4.5% and 4.8% for the year, emerging data suggests that Ghana’s economic performance might just exceed these expectations. It’s quite fascinating how such projections can be outdone, isn’t it? Let’s delve deeper into the details. Q1 GDP Growth Surpasses Expectations In a compelling analysis titled "Ghana’s Q1 2025 Real GDP Growth: Green Shoots in Tight Soil", IC Research has revealed that Ghana's economy grew by an impressive 5.3% year-on-year in the…

This recent development underscores a significant uptick in investor confidence regarding Ghana's economic recovery, strongly driven by the efforts of Finance Minister Dr. Cassiel Ato Forson. It's remarkable how resilient economies can be, and Ghana's journey serves as a poignant reminder of this resilience. Eurobond Restructuring and External Debt Talks Drive Upgrade Fitch’s optimistic assessment stems from Ghana's noteworthy strides in debt restructuring. A prime example is the successful negotiation of $13.1 billion in…

Ghana’s Tertiary Education Commission Takes a Stand on Honorary Titles The Ghanaian landscape of academia and specialized titles is undergoing significant changes, as the Ghana Tertiary Education Commission (GTEC) makes a bold declaration: the misuse of honorary doctorate and professorial titles in public discourse is now officially prohibited. This initiative comes with a serious note; individuals who flout this directive may not only find themselves publicly named and shamed but could also face legal repercussions…