The Economic and Organised Crime Office (EOCO) has picked up Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi Boasiako, popularly known as Chairman Wontumi, following a visit to the Criminal Investigations Department (CID) headquarters on Tuesday, May 27. Sources close to the development confirm that Chairman Wontumi, who appeared before the CID earlier in the day to assist with ongoing investigations, was later picked up by officials of EOCO for further questioning. The precise nature of the investigation remains undisclosed, however his legal team is yet to speak on the development. Chairman Wontumi was officially cautioned on…
Author: yao odoom
The Minority in Parliament is demanding answers from Energy Minister John Jinapor following new claims that ECG containers previously reported as missing were never actually lost. Reports indicate that the containers have been located at the Tema Port all along. Earlier today, the Daily Graphic reported that the Ministry has retrieved 2,637 containers belonging to the ECG, twice the number of containers presumed to have gone missing with their contents. Spokesperson for the ministry, Richmond Rockson, told the newspaper that the committee investigating the 1,300 containers said to be unaccounted for, rather discovered 2,637 containers at the Port of Tema…
President John Dramani Mahama says recent improvements in the strength of the Ghanaian cedi have significantly reduced the country’s total debt burden. According to him, Ghana has cut its debt by nearly GHS150 billion over the past five months, largely due to the rebound of the cedi against major foreign currencies. Speaking at the Annual Meetings in Abidjan on Tuesday, May 27, Mahama noted that fluctuations in the cedi’s value have historically played a major role in driving up Ghana’s public debt. “One of the push factors for the debt is the value of the local currency. Our debt continued…
The government has announced plans to expand Free Senior High School (FSHS) policy to cover private schools beginnig next academic year. This was disclosed during the announcement of the revised guidelines for the selection of schools for candidates preparing to write the upcoming Basic Education Certificate Examination (BECE). Under the new guidelines, candidates will now be allowed to select seven schools, up from the previous six choices. The selection process is scheduled to run from today, May 27 to June 6. Addressing the media on Tuesday, May 27, Deputy Minister of Education, Dr. Clement Appak, explained that the inclusion of…
The Embassy of Ghana in Washington D.C. is expected to reopen on Thursday, May 29, resuming full consular services after a temporary closure due to a major corruption scandal. It was shut down on May 26 as part of a restructuring and systems overhaul after uncovering an IT breach which allowed a staff member to redirect applicants in a fraudulent scheme for personal benefits. A statement released by the Ministry of Foreign Affairs on Tuesday, May 27, said, “A team of seasoned diplomats led by an astute diplomat from the Ministry of Foreign Affairs has been tasked to run the…
The Governor of the Bank of Ghana, Dr Johnson Asiama, has dismissed claims that the Central Bank is manipulating the exchange rate to cause the recent appreciation of the Cedi. His comments come amid growing speculation following the local currency’s notable performance against major foreign currencies in recent weeks. Addressing participants at the Ghana CEO Summit in Accra on Monday, 26 May 2025, Dr Asiama firmly denied any artificial intervention by the Bank of Ghana. He noted that the strength of the Cedi was the result of broader economic improvements rather than external support or short-term tactics. “Our Cedi has…
The Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, has announced the temporary closure of Ghana’s embassy in Washington, D.C., following allegations of widespread corruption and abuse of office at the diplomatic mission. Mr. Ablakwa disclosed the decision on Monday, May 26, 2025, explaining that the closure is part of efforts “to finalise the ongoing restructuring and systems overhaul” after a special audit team uncovered a long-running fraudulent scheme at the embassy. He described the move as regrettable but necessary to restore integrity and accountability to Ghana’s diplomatic operations. “This is part of the drastic and decisive actions I have taken…
President John Dramani Mahama has reiterated his government’s commitment to upholding fiscal discipline while calling on businesses to support economic recovery efforts by reducing prices of goods and services to reflect the cedi’s appreciation. Speaking at the 9th Ghana CEO Summit and Awards Expo, President Mahama praised companies and organisations that have already adjusted prices in response to the cedi’s recent gains, highlighting efforts by the Ghana Private Road Transport Union (GPRTU) for their proactive steps. “GPRTU, thank you very much,” he said. “And so, those of you who haven’t responded yet, please pass on some of the cedi appreciation…
President John Dramani Mahama has reaffirmed his administration’s dedication to fiscal discipline as Ghana works toward exiting the International Monetary Fund (IMF) programme by 2026. Speaking at the 9th Ghana CEO Summit on Monday, May 26, under the theme “Transforming Business and Governance for a Sustainable Futuristic Economy,” President Mahama underscored the need for prudent government spending and borrowing practices. “Completing the IMF programme with discipline, we will continue the discipline in government expenditure and borrowing and work to achieve all targets under the extended credit facility programme with the IMF,” he said. He also noted that the government aims to complete…
Former Board Chairman of the Ghana Infrastructure Investment Fund (GIIF), Prof. Christopher Ameyaw-Akumfi, has been granted bail in the sum of GH¢10 million with two sureties, to be justified with landed property in Greater Accra. As part of the bail conditions, he is to deposit his passport and all other travel documents with the court and report to the investigator once every week. The case has been adjourned to June 10 at 9:00 a.m. Prof. Ameyaw-Akumfi earlier pleaded not guilty to charges of wilfully causing financial loss to the state, intentional dissipation of public funds, and conspiracy to commit crime.…
