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

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

UTAG threatens strike over delayed book and research allowance

The University Teachers Association of Ghana (UTAG) has threatened to embark on a nationwide strike from Monday, June 15, if the Ministry of Finance fails to release the dollar rate required for the payment of book and research allowances by the end of this week. UTAG said the delay has frustrated lecturers across the country’s public universities, warning that members have already given the national leadership the mandate to […]

June 10, 2026 16

General

Body of drowned 30-year-old electrician recovered at Ga South

The remains of a 30-year-old electrician, identified as Razak Gideon, have been retrieved at Nsuo Na Ano (Peace Town) in the Ga South Municipality of the Greater Accra Region. Gideon was swept away by the Agyei River, which had overflowed its banks in an attempt to rescue a 17-year-old BECE graduate from floodwaters at Atia, also in the Ga South Municipality. The remains of the deceased were found on […]

June 10, 2026 11

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 6

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 11

General

Ghana’s economy expands by 6.4% in Q1 2026

Ghana’s economy expanded by 6.4% in the first quarter of 2026, according to the latest data released by the Ghana Statistical Service. This represents a slight increase from the 6.2% recorded in the corresponding period of 2025, pointing to continued resilience in economic activity. Presenting a breakdown of the figures, Government Statistician, Dr. Alhassan Iddrisu, said the services sector remained the dominant driver of growth during the period. He […]

June 10, 2026 7

General

A/R: Two Ghanaians petition Mahama over alleged sexually offensive remarks by Frank Amoakohene

Two Ghanaian citizens, Barbara Twum and Jennifer Owusu, have petitioned President John Dramani Mahama over allegations that the Ashanti Regional Minister, Dr. Frank Amoakohene, made sexually offensive and misogynistic remarks directed at former National Youth Authority Deputy Chief Executive, Akosua Manu (Kozie). The petitioners are calling for disciplinary action, which they say could include a formal reprimand or dismissal from office. In a petition dated June 9, 2026, and submitted […]

June 10, 2026 5

General

Atlantic Lithium: A Missed Strategic Opportunity for Ghana and MIIF

By: Cobby Brown Introduction Chinese lithium battery materials giant Zhejiang Huayou Cobalt Co. Ltd. is reportedly in the final stages of acquiring Australia’s Atlantic Lithium Ltd. in a $210 million all-cash deal aimed at securing control of Atlantic’s lithium tenements in Ghana, including the world-class Ewoyaa Project. Under the proposed agreement announced by Huayou Cobalt, the final purchase price for Atlantic Lithium will be determined after accounting for capital gains […]

June 9, 2026 79