Author: Philip Antoh

The Centre for Democratic Movement (CDM) has rejected claims that the Bank of Ghana’s reported losses were largely caused by the gold purchase programme, describing such assertions as factually inaccurate and misleading. Citing published Bank of Ghana financial statements, CDM explained that the central bank recorded total operational losses of GHS9.49 billion for the 2024 financial year, of which only GHS1.8 billion was attributable to the gold purchase programme. “Any attempt to collapse total annual operational losses into a single gold programme is factually inaccurate and intellectually dishonest,” CDM stated. The group added that GHS3.49 billion of the total losses…

The Centre for Democratic Movement (CDM) has called on the President of the Republic to immediately direct the Chief Executive Officer of GoldBod, Sammy Gyamfi, to step aside to allow for an independent investigation into GoldBod and the Gold-for-Reserves programme. According to CDM, the most alarming disclosure is the admission that GoldBod is projected to incur GHS3.3 billion in losses purely from trading activities. “This is not an accounting revaluation or an exchange-rate adjustment; this is straightforward trading loss,” the group said. CDM questioned how a trading model that guarantees losses was approved and why such information was not disclosed…

The National Secretariat of the Private Newspapers and Online News Publishers Association of Ghana (PRINPAG), together with the entire Hiflo Media family, announce with deep sorrow the passing of the father of our President and Chief Executive Officer, Mr. David Tamakloe. The sad event occurred in Kumasi on Monday, December 29, 2025, after a short illness. Details of the funeral arrangements will be communicated in due course following a family meeting. PRINPAG respectfully calls on all members and well-wishers to keep our President and his family in their thoughts and prayers during this difficult time.

The Acting Chief Executive Officer of the Precious Minerals Marketing Company (PMMC), now known as GoldBod, Mr. Sammy Gyamfi, has strongly rejected the Minority Caucus’s claims regarding losses from the Bank of Ghana’s Gold for Reserves (G4R) programme, calling their criticisms “uninformed and unfounded.” In a statement released on December 29, 2025, Mr. Gyamfi announced that he would formally address and clarify the issues related to the International Monetary Fund’s reported $214 million loss under the G4R programme starting January 5, 2026. However, he felt compelled to share preliminary figures to correct the record due to recent comments from the…

The Private Newspapers and Online News Publishers Association of Ghana (PRINPAG) has declared the opening of a Book of Condolence to honor the late Mr. Edward Elorm Kobla Desewu, a well-respected media professional and former executive member of the Association. In a statement released on December 29, 2025, PRINPAG expressed profound sadness over Mr. Desewu’s death, calling him a significant figure in Ghana’s media community whose influence will last for generations. Mr. Desewu passed away on Thursday, December 25, 2025, after a brief stay at the Greater Accra Regional Hospital (Ridge Hospital). He was the Founder and Managing Editor of…

The Ministry of Lands and Natural Resources says it is set to revoke the licenses of some large-scale mining companies due to regulatory breaches. This decision has been informed by a rigorous review of large-scale mining operations, which is currently ongoing by a special committee tasked with that purpose. At the behest of the Minister, Hon. Emmanuel Armah-Kofi Buah (MP), the committee has announced the list of the first 50 affected companies with breaches such as holding leases without operating Environmental Protection Authority (EPA) or Water Resources Commission (WRC) permits. This move forms part of the government’s multi-pronged strategy to…

Ghana’s economic and political calculus shifted decisively yesterday after the Ghana Gold Board (GoldBod) surpassed its 2025 small-scale gold export target of 100 metric tons, injecting over $10 billion in foreign exchange into the economy and strengthening the government’s hand at a critical moment.The milestone, achieved months ahead of schedule, is being hailed within policy circles as a strategic economic victory, giving the state fresh leverage in currency management, fiscal negotiations and investor confidence-building as Ghana pushes to consolidate recent economic reforms.By evening, senior officials at the Ministry of Finance and the Bank of Ghana were said to be studying…

A few disgruntled Newspapers have intensified what appears to be a coordinated smear campaign against the Minerals Income Investment Fund (MIIF) and its Chief Executive Officer. The campaign is allegedly being orchestrated by the Editor and Publisher of The Source, Mr. Wilberforce Asare, with the apparent objective of maligning, defaming and deliberately undermining the integrity of the MIIF CEO, without provocation. According to a senior official of the Fund, Mr Asare has openly admitted that he was contracted by some former board members and past executives of MIIF to embark on sustained negative publications against the CEO. The purported aim…

The Minister for Local Government, Chieftaincy, and Religious Affairs, Ahmed Ibrahim, has officially celebrated the end of a week-long national sanitation and beautification effort, urging all Municipal, Metropolitan, and District Chief Executives (MMDCEs) to keep their areas clean for the upcoming Christmas celebrations. Accompanied by the Deputy Minister, the Minister toured important ceremonial routes, such as the John Evans Atta Mills Highway and other sites within the Korle Klottey Municipal Assembly and Burma Camp. This initiative aimed to improve the visual appeal of the capital and avoid health issues as the country gets ready to host international guests and dignitaries…

Executives of Gold Fields Ghana met with their counterparts at the Minerals Income Investment Fund (MIIF or the Fund) on Thursday, December 18, 2025, to discuss the operations of the company, potential investment opportunities for the Fund, and areas of collaboration.  The discussions held on December 18, 2025, highlighted the critical role of Gold Fields’ investments in Ghana which accounts for 31% of Gold Fields’ global production.   The delegation from Gold Fields Ghana Ltd was led by Mr. Elliot Twum, Senior Vice President and Managing Director, Ms. Emma Morrison, Regional Head, Corporate Affairs, and Mr. William Empeh, Head, Human Resource.  MIIF delegation was led by Mr. Kwabena Barning, Chief Technical Officer, and other senior management members.   Among the many things discussed in the meeting, Mr .Twum, in his presentation, stressed on the pillars underpinning their strong track record of operational success,…