theghanatimes

[theghanatimes]

Ghana’s Agricultural Reset: Mahama Unveils Strategy to Boost Local Production and Cut $2Bn Import Bill

President John Dramani Mahama has outlined an ambitious agricultural transformation agenda aimed at reducing Ghana‘s $2 billion annual food import bill, stabilizing food prices, and creating business opportunities across the agricultural value chain. Delivering his State of the Nation Address on February 27, 2025, the President detailed key initiatives under the Agriculture for Economic…

[theghanatimes]

10 Must-Know Insights from Kissi Agyebeng’s “A Few Good Men”

10 Must-Know Insights from Kissi Agyebeng’s “A Few Good Men” Suppressing and Repressing Corruption and State Capture in Aid of Development Call for Constitutional Reformation: Kissi Agyebeng calls for constitutional changes and a shift in mindset to combat corruption and state capture. Limited Elixir: There’s no easy solution to corruption, and the paper shares experiences in fighting…

[theghanatimes]

Ghana’s Anti-Corruption Battle: Bold Reforms Proposed for Economic Transformation

Ghana’s Anti-Corruption Battle——–Special Prosecutor Kissi Agyebeng is pushing for constitutional reforms, a new anti-corruption legal framework, and stronger judicial independence to drive Ghana‘s economic transformation. “The focus should be on building institutions that stand the test of time. From my experience, the OSP represents our best bet in fighting corruption. Its present attributes,…

[theghanatimes]

Tackling Ghana’s Soaring Food Inflation: Why Refocusing Operations of ADB, DBG EXIM Bank Matters

It is emerging that Ghana’s fight against persistent high food inflation cannot be won without reinventing the operations of state banks such as the Agricultural Development Bank (ADB), the Development Bank Ghana (DBG), and the Ghana Export & Import Bank (GEXIM). Financial Analyst and Banking Consultant, Dr. Richmond Atuahene says part of the solution to the menace of food inflation lies in a…

[theghanatimes]

Vitol, Glencore Secure $380M in Compensation from Nigeria LNG

Trading giants Vitol and Glencore will receive $380 million in compensation after their gas supplier, Taleveras, won a legal case against Nigeria‘s sole liquefied natural gas (LNG) producer, Nigeria LNG (NLNG), for failing to deliver contracted cargoes. The case, heard in London’s High Court and Court of Appeal, is part of a broader trend of lawsuits over LNG non-deliveries after prices soared…

[theghanatimes]

Ghana Link Refutes Claims of Non-Operational Weighbridges at Tema Port

Ghana Link Network Services Ltd, operators of the Integrated Customs Management System (ICUMS) has dismissed reports suggesting that the weighbridge system at theTema Port are non-operational. According to Ghana Link, the weighbridges were fully functional at the time of the visit by the Minister for Roads and Highways, Mr. Kwame Governs Agbodza, and the Minister for Transport, Mr. Joseph Bukari…

[theghanatimes]

Ghanaians Await Prez Mahama’s SONA: Economic Recovery, Jobs Top Expectations

As President John Dramani Mahama delivers the State of the Nation Address (SONA) tomorrow, expectations are high, particularly regarding his recent claim that the economy was “criminally mismanaged” under the previous New Patriotic Party (NPP) administration. “We all knew the economy was in crisis, but some of the things I am uncovering myself amount to a criminal mishandling of our economy.…

[theghanatimes]

Major Policy Shift as Gov’t Directs Reversal of Afina & Sankofa Unitization Order Issued By Former Administration

In an interesting turn of events, the government has officially ordered the withdrawal of the controversial unitization directive issued by the previous administration which forcefully compelled Eni Ghana Exploration and Production Limited and Springfield Exploration and Production Limited to merge operations at the Afina 1X Discovery and Sankofa Cenomanian Oil Field. This new policy direction…

[theghanatimes]

Ghana’s Foreign Affairs Ministry Moves to Improve Visa Application Conditions, Boost Economic Integration

Securing visa for a business trip or other reasons could be less frustrating as Ghana‘s Ministry of Foreign Affairs and Regional Integration takes steps to address growing concerns over the treatment of Ghanaian visa applicants at foreign embassies and high commissions in the country. In separate statements issued to diplomatic and consular missions accredited to Ghana, the Ministry acknowledged…

[theghanatimes]

All Payments at Borders to Go Cashless to Curb Corruption – Interior Minister 

The Minister for the Interior, Muntaka Mohammed -Mubarak, has announced that all financial transactions conducted by the Ghana Immigration Service (GIS) and related agencies will soon be done electronically to prevent loopholes and curb corruption at the country’s borders. Speaking at a maiden visit to the GIS headquarters on Tuesday, February 25, in Accra, the minister stressed that the…

[theghanatimes]

Ghana’s Energy Sector at the Crossroads: Minister Engages IPPs to Tackle Power Instability and Drive Long-Term Reform

Ghana’s power sector has long grappled with unreliable supply, often blamed on inadequate investment in infrastructure, fuel shortages, and financial hurdles. With businesses and households facing recurring outages, the urgency for sustainable solutions has never been greater. A high-level meeting, held on February 24 at the Ministry of Energy, with the sector minister John Jinapor brought…

[theghanatimes]

Deputy Finance Minister-designate Rules Out Use of Public Funds for Bank of Ghana Recapitalization

Appearing before Parliament’s Appointments Committee, Deputy Finance Minister-designate Thomas Nyarko Ampem expressed confidence in BoG’s ability to rebound without direct fiscal support. “The Bank of Ghana has faced significant challenges, recording losses for two consecutive years. In 2022, the bank posted a staggering GHC 60.8 billion loss, primarily due to its exposure to the Domestic Debt…

[theghanatimes]

Presidency Orders Mass Evictions at Ridge: Over 80 Public Servants To Move Out in 10 Days—A Symptom of Ghana’s Broader Housing Woes?

The eviction notice, from the Presidency set to take effect by March 3, 2025, has taken a toll on affected persons occupying the Ridge apartments in Accra. Leadership of CLOGSAG have taken the matter to the chief director of the Ministry of Works and Housing to understand the situation, which is believed to be politically motivated. For the evicted public servants, the abrupt notice of eviction…

[theghanatimes]

Ghana had only 68k Credit Cards by end of December

As of the end of December 2024, only 68,000 credit cards had been issued by financial institutions in Ghana, according to data from the Bank of Ghana. This figure represents less than 1% of the total cards in circulation and just about 1% (1.07%) of the 6.3 million debit cards issued during the same period. The credit card landscape in Ghana contrasts sharply with more advanced economies, where…

[theghanatimes]

Complaints about high data pricing could be addressed soon

Efforts to address the high cost of data in Ghana are underway, as Minister of Communications, Digital Technology, and Innovations, Mr. Samuel Nartey George, has inaugurated a 23-member Inter-Agency Data Pricing Committee. The committee, consisting of stakeholders from the digital and telecommunications sectors, is tasked with developing a roadmap aimed at reducing data costs in the country. The…

[theghanatimes]

Dr. Bawumia Hails Ghana’s Digitalization at Harvard; Says Efforts are Saving Resources & Lives

Former Vice President of Ghana, Dr. Mahamudu Bawumia has touted the country’s digitalization agenda as groundbreaking which is rapidly transforming the socio-economic lives of Ghanaians. Dr. Mahamudu Bawumia made this statement about the country’s digitalization efforts when he spoke as the keynote speaker at the Harvard Business School’s 27th Annual Conference on the theme “Africa Beyond…

[theghanatimes]

Businesses Demand Input-Output VAT Model to Prevent Price Surge

A hardworking Ghanaian entrepreneur sits at their desk, crunching numbers, only to realize that once again, taxes are eating away at their profits. It’s a familiar frustration for many business owners across the country, and at the heart of the issue is Ghana‘s Value Added Tax (VAT) system. Businesses are urging the government to introduce a fairer, more transparent VAT structure. They argue that…