Author: TNRgh

Reveals Why intra-continental trade still runs via London and New York By Leo Nelson Vice President Jane Naana Opoku-Agyemang has warned that Africa’s dream of a single market is being strangled by an expensive dependency on foreign payment systems. Speaking at the second 3i Africa Summit on 6 May, she argued that routing intra-African transactions through external financial networks in third currencies ‘adds costs and delays, and undermines the very idea of a single African market’.The core problem is simple but stubborn: a Ghanaian exporter and a Guinean buyer still struggle to settle directly in cedis or francs. Instead, most…

-Nigeria Senator Threatens Mtn, Dstv Over Xenophobic Attacks By Gifty BoatengAs xenophobic violence flares again in South Africa, a Nigerian senator has called for the ultimate economic weapon: revoking the operating licences of MTN and MultiChoice (DSTV) two of South Africa’s most profitable corporate flagships on the continent. Adams Oshiomhole (Edo North) argues that ‘if you hit me, I’ll hit you’ is appropriate diplomacy. Meanwhile, Botswana has already drawn blood, cutting power exports and closing its borders.Oshiomhole’s 6 May Senate floor speech was characteristically blunt. He wants Nigeria to nationalise MTN and withdraw DSTV’s licence, alleging both companies ‘cut away…

as inherited debts trigger contractor walkoutBy Phillip Antoh Local Government Minister Ahmed Ibrahim has confirmed that Ghana’s two flagship urban market projects Kumasi Kejetia Phase II and Takoradi Central Market – are facing a severe financial drought. Speaking in Accra on 6 May, he blamed the previous administration for unpaid contractor certificates and debt restructuring that forced contractors off site in 2024. Traders have grown restive, but the government insists completion is ‘essential, not optional’.The minister’s intervention was prompted by public protests over the extended delays. He sought to ‘set the record straight’, arguing that the problems were inherited, not…

By Leo Nelson Ghana’s long stretch of easing inflation has come to an unexpected halt after the country recorded its first rise in consumer prices in more than a year, signaling that the road to full price stability may still face new tests. Fresh data released by the Ghana Statistical Service shows that headline inflation rose to 3.4 percent in April 2026, up slightly from the 3.2 percent recorded in March. While the increase appears marginal, it marks the first inflation uptick after 15 consecutive months of decline, a development that could influence expectations around monetary policy and interest rate…

By Leo Nelson The Ghana Chamber of Mines is calling on the Bank of Ghana (BoG) to release a comprehensive and disaggregated account of all foreign exchange inflows stemming from the nation’s large-scale mining sector to rectify public misconceptions. This formal request follows a series of claims suggesting that mining firms repatriate only a fraction of their export proceeds, a narrative the Chamber describes as “materially misleading” because it ignores critical transaction channels. By pushing for a full data release, the Chamber aims to ensure that the public and policymakers have access to the complete picture of the industry’s multi-channel…

Over Adambrobe Chieftaincy Dispute By Philip Antoh The quick response from the Eastern Regional Police Command, along with the Military and National Security, led to the arrest of 11 suspects and the recovery of five pump-action rifles and 23 live cartridges related to the ongoing chieftaincy conflict in Adambrobe, near Aburi in the Akuapem South Municipality. The first arrests took place on Sunday, May 3, 2026, by the Aburi District Command, following intelligence-driven operations in the region. Initially, 10 suspects were detained, and an additional arrest was made on Monday, May 4, during a joint operation, raising the total to…

By Alexander Bediako For decades, Ghana has stood out as a beacon of stability in West Africa, praised for its democratic resilience, relative peace, and institutional continuity. Surrounded increasingly by instability, Ghana is often described as an “island of peace.” But history shows that islands are only safe when they prepare for rising tides. Examples of countries in Africa that were once described as “island of peace” but later threw into security chaos include Ethiopia (the Tigray war and its aftermath), Tanzania, Namibia, Kenya, Libya, Tunisia etc. And in other parts of the world we have, Sri Lanka, Costa Rica,…

By Prince Ahenkorah Ghana’s energy sector is set for a major boost as the Minister for Energy and Green Transition, John Abdulai Jinapor, has announced an ambitious plan to replace and upgrade 300 transformers across the country this week as part of a broader effort to stabilize power supply and strengthen infrastructure. He disclosed that 140 transformers have already been replaced, with the next phase targeting an additional 300 within the week. He emphasized that the Ministry will publicly release updates on all installations and upgrades to ensure accountability and allow Ghanaians to independently verify progress. “We are publishing every…

Unable to meet GH¢55 Million Bail EOCO Tight-lipped on chargesBy Lawrence OdoomMaxwell Kofi Jumah, 75, ex‑chief of GIHOC Distilleries and an in‑law of former President Nana Akufo‑Addo, is now in the Intensive Care Unit of Korle Bu Teaching Hospital. His crime? Unknown. The public has not been told. What is known: the Economic and Organised Crime Office granted him police enquiry bail on April 29 at GH¢55 million (roughly $3.7 million at current exchange rates) and he has been unable to satisfy those conditions from a hospital bed.The Numbers · GH¢55 million: One of the largest bail sums ever imposed…

as $190 Million MCC Loss Haunts Power SectorBy Prince AhenkorahFour years after Ghana terminated the troubled Power Distribution Services concession, the Bureau of National Investigations has made its first high‑profile move. Philip Ayensu, former board chair of PDS, along with three others; Viraj Phat, Sophia Korkor, and Justice Menka‑Premoh were arrested last week over alleged financial irregularities involving funds belonging to the Electricity Company of Ghana. All four have been granted bail pending further investigation, presidential spokesperson Felix Ofosu Kwakye confirmed. The BNI has not disclosed the amount of money suspected to have been improperly transferred, nor has it filed…