The Minister for Energy and Green Transition, John Jinapor, has disclosed that Ghana urgently needs billions of cedis to procure liquid fuel to keep power plants running, warning that the country risks a shutdown if immediate funding is not secured. According to him, over $1.7 billion is owed to Independent Power Producers (IPPs), and an urgent $1.1 billion is needed to procure liquid fuel for power generation. Speaking before the Parliamentary Committee on Energy, Mr Jinapor stated that the financial strain is so severe. “We require about $1.1 billion to procure liquid fuel alone,” he disclosed. “Unfortunately, the liquid fuel…
Author: yao odoom
The Bank of Ghana (BoG) has clarified that there is no ban on over-the-counter (OTC) cash withdrawals in foreign currency from bank accounts, amid public speculation and political commentary about a possible clampdown on dollar access in the country. In an official notice issued on Thursday, May 15, the Central Bank reaffirmed that withdrawals in foreign currency remain permissible under Ghana’s existing foreign exchange regulations. “Over-the-counter (OTC) cash withdrawals in foreign currency from Foreign Exchange Accounts (FEA) and Foreign Currency Accounts (FCA) are allowed,” the Bank of Ghana stated. The clarification comes in response to recent public debates sparked by…
The Centre for Citizenship, Constitutional and Electoral Systems has filed an application at the Supreme Court to keep suspended Chief Justice Gertrude Torkonoo in office. According to the group, the suspension of the Chief Justice by President John Mahama violates key provisions of the 1992 Constitution, particularly Articles 17(1)–(3), 23, 296, and 146(1)–(4) and (6). They said the procedure lacked due process and failed to uphold the principles of fairness, non-discrimination, and lawful administrative conduct as enshrined in the Constitution. Consequently, the group is asking the Supreme Court to declare that the President’s response to three petitions seeking the Chief…
The five-member committee set up by President John Mahama to investigate three petitions against the Chief Justice will begin its hearings on Thursday, May 15. The committee is chaired by Supreme Court Justice Gabriel Scott Pwamang and was established in line with Article 146(6) of the 1992 Constitution. Its formation followed a determination of a prima facie case against the Chief Justice and was done in consultation with the Council of State. The committee is expected to sit three times a week and submit its findings and recommendations to the President upon completion of its work. The Chief Justice, Gertrude…
The Presidency has formally closed the chapter on the recent gifting controversy involving the Acting CEO of the Ghana Gold Board, Sammy Gyamfi, stating that no further disciplinary action will be taken beyond a caution and his issued apology. At a press briefing on Wednesday, May 14, Government spokesperson Felix Kwakye Ofosu announced that the matter, which drew significant public attention and backlash, had been addressed by the Chief of Staff, Julius Debrah. “So in view of that, the Presidency does not believe that any further actions ought to be taken beyond the apology and the caution,” Mr Kwakye Ofosu…
The Commission on Human Rights and Administrative Justice (CHRAJ) has received a formal petition to investigate allegations of corruption against Mr. Samuel Gyamfi, the Acting Chief Executive Officer of the Ghana Gold Board. The petition, filed by a citizen identified as Eric Dumenu Akatsi, invokes Article 218(e) of the 1992 Constitution and accuses Mr. Gyamfi of engaging in conduct deemed inconsistent with the ethics required of a public official. In a letter addressed to CHRAJ Commissioner Joseph Whittal, the petitioner referenced a viral video allegedly showing Mr. Gyamfi splashing U.S. dollar bills on popular evangelist Patricia Asiedua Asiamah, also known…
Former CEO of the Ghana Infrastructure Investment Fund(GIIF), Solomon Asamoah has been granted bail to the tune of GHc15 million with two sureties to be justified with landed property. The second accused former Board Chair of the Ghana Infrastructure Investment Fund Prof. Christopher Ameyaw Akumfi was however absent due to a surgery he undertook yesterday. The two have been charged for causing 2 million dollars to be transferred from GIIF accounts to the bank account of Africa Investor Holdings Limited without authorisation for the construction of Sky train. The payment according to prosecution was for Africa Investor Holdings who were…
The Attorney General’s Office has formally charged former Ghana Infrastructure Investment Fund (GIIF) CEO Solomon Asamoah and ex-board chairman Prof. Christopher Ameyaw-Ekumfi for their roles in the controversial Accra Sky Train project, which allegedly cost the state $2 million without authorization. The charges, filed today at the High Court (Criminal Division), include wilfully causing financial loss to the state under the Criminal Offences Act, conspiracy to commit crime through intentional dissipation of public funds, and intentional dissipation of public funds under the Public Property Protection Decree. Prosecutors allege that in February 2019, the accused authorized a $2 million payment from…
A 25-year-old man has been arrested by the police for possessing a cache of ammunition and other suspicious items. A police statement said Yussif Mohammed was apprehended on May 8, 2025 near the Asankare Police barrier. He was arrested with a backpack containing the ammunition and other materials. He was apprehended with the assistance of some vigilant members of the public. Police preliminary investigations have revealed that the suspect was travelling on a bus which was heading towards Accra from Kumasi. The arrest came after the suspect’s backpack fell from the vehicle, drawing the attention of police officers on duty…
President John Mahama has raised concerns over what he describes as a “toxic environment” inherited from the previous administration in Ghana’s oil and gas sector, which he claims led to significant disinvestment and a steady decline in production. Speaking at the Africa CEO Forum Annual Summit in Côte d’Ivoire, under the theme Oil and Renewable Energy – A Dual Bet for Ghana’s Future, President Mahama said the mismanagement of key relationships within the oil industry contributed to an average 7 per cent annual drop in production. “I think the environment got a bit toxic. I don’t know for what reason.…
