SOVEREIGN WEALTH FUNDS: A DIFFERENT INVESTMENT PHILOSOPHY -LESSONS FOR GHANA’S MIIF?

SOVEREIGN WEALTH FUNDS: A DIFFERENT INVESTMENT PHILOSOPHY -LESSONS FOR GHANA’S MIIF?

August 21, 2026 Written by Cobby Brown The world's leading sovereign wealth funds were never designed to maximise annual accounting profits. Instead, they exist to ensure that today's natural resource revenues become tomorrow's productive capital. Professor Joseph Stiglitz, Nobel Laureate in Economics, summarised this principle succinctly: "Natural resources should be transformed into productive assets that benefit future generations." Similarly, former Governor of the Bank of England and current Prime […]

August 21, 2026 38

General

BoG absorbs GH¢17.2bn in liquidity amid inflation fight, FX stability

The Bank of Ghana absorbed GH¢17.24 billion from the banking system through a sale of 14-day bills, signalling its determination to keep liquidity conditions tight as policymakers seek to consolidate gains in inflation and currency stability. The operation, one of the central bank’s largest recent liquidity-management exercises, comes as authorities balance inflation pressures with the need to prevent excess cash from fuelling foreign-exchange demand and renewed price pressures. Per […]

June 10, 2026 8

General

Assemblies must account for funds and project delivery — Local Gov’t Minister

The Minister for Local Government, Chieftaincy and Religious Affairs, Ahmed Ibrahim, has warned Metropolitan, Municipal and District Chief Executives (MMDCEs) that their performance will be closely scrutinised as part of efforts to strengthen accountability and improve service delivery at the local level. The Minister issued the warning during an assessment tour of selected Metropolitan, Municipal, and District Assemblies (MMDAs) in the Greater Accra Region on June 9, 2026, where […]

June 10, 2026 7

General

Kasapreko IPO secures GH¢1.72bn in bids from investors

Kasapreko PLC’s Initial Public Offering (IPO) has attracted an overwhelming response from investors, with total bids reaching approximately GH¢1.72 billion, more than double the company’s target raise of GH¢700 million. The strong demand translates into a subscription level of about 246%, representing an oversubscription of roughly 146% above the amount sought by the beverage manufacturer. The development makes the Kasapreko IPO one of the most successful public offerings in recent […]

June 10, 2026 15

General

Minority slams gov’t over delay in opening Afari Military Hospital

Minority members on Parliament’s Health Committee have criticised the John Mahama-led administration over what they describe as the failure to operationalise the 500-bed Afari Military Hospital, warning that the continued delay is undermining efforts to improve healthcare delivery in the Ashanti Region. Led by the Ranking Member of the Committee, Dr. Nana Ayew Afriyie, the Minority MPs visited the facility on Wednesday, June 10, as part of a nationwide […]

June 10, 2026 12

General

Government to review BECE timetable — Haruna Iddrisu

The Minister of Education, Haruna Iddrisu, has announced that the government is reviewing the Basic Education Certificate Examination (BECE) timetable to create longer intervals between papers and reduce pressure on candidates. Speaking at Aburi Girls’ Senior High School on Wednesday, June 10, he acknowledged concerns about the current examination structure, which runs from Monday to Friday, saying it places unnecessary stress on students. “I understand that our schedule of […]

June 10, 2026 6

General

Roads Ministry needs 1,000 additional staff – Agbodza

The Minister for Roads and Highways, Kwame Governs Agbodza, has revealed that his outfit has requested the recruitment of about 1,000 additional staff to strengthen operations across its agencies and address widening personnel gaps in the sector. The sector minister disclosed this when he appeared before Parliament’s Select Committee on Economy and Development, explaining that the request was submitted by the Ministry’s Chief Director in response to growing staffing pressures. […]

June 10, 2026 6

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Africa needs selfless leaders to survive – Kofi Amoabeng

Businessman and founder of the PK Amoabeng Leadership Foundation, Prince Kofi Amoabeng, has warned that Africa will continue to lag behind unless the continent develops selfless and visionary leaders committed to fighting corruption and serving society. Speaking at the Foundation’s “Alumni Brunch” held at The Living Room Restaurant at East Legon on Saturday, June 6, 2026, he lamented what he described as the growing collapse of values, weak respect for […]

June 10, 2026 8

General

Patrick Boamah to Ablakwa: Stop tweeting, brief Parliament on South Africa situation

The Member of Parliament for Okaikwei Central, Patrick Boamah, has called on the Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, to urgently brief Parliament on issues affecting Ghanaians in South Africa, arguing that lawmakers should not rely on social media updates for matters of national importance. According to the MP, the standard parliamentary process for obtaining responses from ministers is often too slow for urgent situations, particularly those that […]

June 10, 2026 9