Author: TNRgh

– Analyst Predicts Tougher Months for Stability  By Leo Nelson The Ghana cedi experienced a notable setback in May 2026, depreciating by approximately 4.6 percent against the US dollar, according to official interbank exchange rate data from the Bank of Ghana. The local currency moved from GH¢11.19 to the dollar at the end of April to GH¢11.73 by the close of May, reflecting mounting pressure in the foreign exchange market. The decline has reignited discussions among market participants, importers, exporters, and policymakers about the sustainability of the cedi’s gains recorded earlier in the year and the outlook for the remainder…

“I need to spend time with my kids. They are the most important thing for me now.”Prophet Boadi Nyamekye Breaks Silence on US Exile, Denies EOCO Probe By Gifty Boateng For two years, Prophet Dr Michael Boadi Nyamekye, founder of Makers House Chapel International, was a ghost in Ghana. His church ran on autopilot. His members whispered. And when The New Republic broke the story on June 4 that he had fled to the United States as the Economic and Organised Crime Office (EOCO) closed in, the rumour mill went into overdrive.Now, the prophet has spoken and his explanation is…

Direct ‘Mafia Ring’ to reverse Galamsey Appointments in Colleges of Education By Prince Ahenkorah A major governance dispute, has emerged within Ghana’s tertiary education sector after the Minister for Education, Haruna Iddrisu, directed the Ghana Tertiary Education Commission (GTEC) to review and, where necessary, withdraw communications perceived as interfering with the appointment processes of Principals and Vice-Principals in Colleges of Education. The minister’s intervention follows a formal complaint by the Governing Council of Foso College of Education Governing Council, which accused GTEC of unlawfully constituting a Search Committee to oversee the appointment of a new Principal and Vice-Principal for the…

as Sentuo Refinery Commences Local Crude Refinery By Leo Nelson Ghana is firmly on a path toward eliminating its heavy reliance on imported refined petroleum products and transitioning into a major net exporter of finished oil products across the West African sub-region, Energy and Green Transition Minister, John Abdulai Jinapor, has declared. This strategic economic turnaround follows the historic delivery of the first-ever parcel of domestic crude oil from the Jubilee Field to the privately owned Sentuo Oil Refinery for local processing. By redirecting the nation’s sweet light crude away from total foreign exportation and into domestic processing units, the…

African nations must protect their socio‑cultural identities and align national laws with the aspirations of their citizens, rather than bowing to external pressures. That was the core message from Ghana’s Chief of Staff, Dr Julius Debrah, at the 4th African Inter‑Parliamentary Conference held in the capital. Speaking to a continent‑wide audience of speakers, lawmakers and policy experts, Dr Debrah argued that genuine democratic governance flows from internal legitimacy, not foreign prescription. “Our responsibility is not to dictate how others should live. It is to ensure that our own laws, educational systems and public institutions remain reflective of the values and…

The Ghana Journalists Association (GJA) will honour a broad cross-section of individuals, institutions and organisations on Saturday for their contributions to press freedom, media development and democratic governance. The event, scheduled for the Alisa Hotel in Accra, is part of delayed commemorations of World Press Freedom Day, observed globally on May 3.This year’s theme “Shaping a Future at Peace: Promoting Press Freedom for Human Rights, Development and Security” reflects growing concerns about the safety of journalists and the role of independent media in West Africa’s fragile democratic gains.President John Dramani Mahama will be represented by Communication Minister Sam Nartey George…

By Leo Nelson President John Dramani Mahama told an audience of investors and policymakers in London this week that Ghana’s economic turnaround is not a matter of mere statistics but the product of deliberate structural reforms. Speaking at the 12th African Debate, he argued that the country’s progress since he took office in January 2025 demonstrates what happens when “leadership, reform and national purpose” align.Mahama acknowledged the scale of the crisis he inherited: sharply rising inflation, a swollen public debt, a weakened cedi and an ongoing, difficult debt restructuring. “We refused to accept decline as our destiny,” he said. In…

as It Warns Inflation Could Breach 10% Target By Leo Nelson The Bank of Ghana (BoG) is facing a critical policy dilemma as fresh projections indicate that inflation could rise above 10 percent by the end of 2026 if global crude oil prices remain elevated. An internal forecasting model used by the central bank has highlighted the growing threat posed by sustained increases in international crude oil prices, particularly if prices remain above the 100-dollar mark throughout June. While the projection represents only one of several scenarios being considered by policymakers, it has intensified discussions about the risks confronting Ghana’s…

By Leo Nelson Two years after its launch, Togo’s “Togo Mall” has moved from state experiment to permanent economic fixture. Inaugurated in November 2023 by Prime Minister Victoire Tomégah‑Dogbé at the CETEF exhibition centre in Lomé, the facility is the country’s first year‑round commercial hub dedicated exclusively to “Made‑in‑Togo” products. Its mandate is straightforward: aggregate local manufacturers and give them continuous market access.For Ghana, where the “Made in Ghana” campaign remains scattered across underfunded private shops and occasional pop‑up markets, the Togolese model offers a pointed lesson in state‑backed retail institutionalisation.Togo’s mall was launched immediately after the country’s fourth annual…

By Philip Antoh The government has unveiled a novel policy to curb rice imports without resorting to outright bans or tariff hikes. Food and Agriculture Minister Eric Opoku told the West Africa Rice Investment Roundtable on Tuesday that rice importers will soon need to prove they have bought from and partnered with local producers before receiving import permits.The mechanism is designed as a quota system that directly links import rights to domestic offtake. “We are not increasing tariffs that harm consumers. We are not enforcing bans that lead to shortages,” Opoku said. Instead, the state aims to redirect the economic…