The Asantehene, Otumfuo Osei Tutu II, has condemned the severe pollution of River Pra as “embarrassing” and is calling for urgent action to address the environmental damage inflicted by illegal mining, known locally as “galamsey.”
Sharing his personal experience, Otumfuo recounted a recent trip to Cape Coast, during which he stopped at the River Pra. He described the condition of the river as deeply troubling.
“In fact, on my way to Cape Coast, I stopped at the River Pra. I’m afraid I have to tell you that what I saw there was so embarrassing. As a nation, how can we allow this to happen to us? I don’t know, but we have to fight this—no matter what,” he reiterated.
The Asantehene also questioned why individuals responsible for poisoning water bodies with harmful chemicals, such as mercury, are allowed to go unpunished.
“As I see it, if an individual poisons the water source of a community, they are liable for the consequences under the law. What does the law do when one pours mercury into the same water supply, knowing fully well it can kill?” he asked.
Otumfuo’s remarks reflect growing concerns over the devastation caused by illegal mining and highlight the need for immediate action to protect Ghana’s natural resources.
However he has commended the President of the Ghana Bar Association (GBA), Yaw Acheampong Boafo, for his strong stance against illegal mining, also known as “galamsey,” during the opening ceremony of the GBA’s annual conference in Kumasi.
Addressing members of the Bar at a dinner held at the Manhyia Palace, Otumfuo expressed his deep concern about the severe pollution of the River Pra, which he witnessed firsthand. He described the situation as “embarrassing” and called for urgent action to combat the destructive effects of illegal mining on the environment.
“I want to congratulate your president on his courageous statement on galamsey this morning at KNUST. Galamsey is an environmental enemy to this nation. What could be more serious for any people than to have their entire water supply at risk?” the Asantehene remarked.
Otumfuo urged the GBA to make time during its five-day conference to set up a panel that would visit communities most affected by illegal mining. He believes such a tour would help the association understand the full scale of the crisis and facilitate discussions on how the law should respond.
“I think as lawyers, you should find space in this five-day conference to set up a panel and take a quick tour of the communities where galamsey is most prevalent. See the extent of the crisis we face, and hopefully, you will deliberate on how the law should respond,” he said.
Actress and socialite Rosemond Alade Brown, better known as Akuapem Poloo, shared her emotional experience as she confronted the reality of her impending imprisonment at the entrance of Nsawam Prison.
In 2020, Poloo received a 90-day jail sentence from an Accra Circuit Court for posting nude photos of her minor son on social media.
The action drew widespread condemnation from Ghanaians, who strongly criticized Poloo and urged the court to take legal action against her for infringing on the child’s rights and dignity.
In an interview with MzGee on “Just Being Us,” Poloo discussed her feelings following the sentencing.
She confided to MzGee, “When I went to court, the woman, the judge, asked me to go for a pregnancy test, and she said after the test they should detain me. Immediately you get to the big gate, for them to push you to the prison compound, sis, your spirit will leave you,” Poloo divulged.
“I took a picture with my son, and I did not know the way, how, and manner I took the picture with him would be a problem because I didn’t know about that.”
The actress was jailed for 90 days by an Accra Circuit Court after she was charged with the publication of nude pictures with her seven-year-old son.
Consumers experienced losses exceeding $5.6 billion last year due to cryptocurrency-related fraud, as estimated by the US Federal Bureau of Investigations—an increase of 45% compared to 2022.
According to a report released on Monday, the FBI Internet Crime Complaint Center received nearly 69,500 fraud complaints from consumers both in the US and internationally.
Although cryptocurrency-related complaints comprised about 10% of all financial fraud reports, they accounted for nearly 50% of the total financial losses, the report noted.
Following a downturn in the crypto market in 2022, rising token prices last year rekindled criminal interest. Bitcoin’s value more than doubled last year and has increased by approximately 35% in 2024.
“As the use of cryptocurrency in the global financial system continues to grow, so too does its use by criminal actors,” Michael Nordwall, assistant director of the FBI Criminal Investigative Division, wrote in the report.
According to the report, cryptocurrency was most commonly used by criminals in investment scams, which represented nearly 71% of the total losses. Call center frauds, including government impersonation schemes, contributed to about 10% of the cryptocurrency-related losses.
The University Teachers Association of Ghana (UTAG) has urged the government to impose an immediate nationwide ban on mining and prospecting for gold and other minerals in the country’s forest reserves, farmlands, and rivers.
In a statement released on Monday, 9 September 2024, UTAG made this appeal, highlighting the severe environmental destruction brought about by illegal mining activities, commonly known as ‘galamsey.’
The association emphasized the significant harm done to the nation’s natural resources and environment, characterizing the current government-led initiatives to tackle galamsey as “failed and corruption-infested militarised battles.”
“Have we not already destroyed 50 per cent of what our forefathers left us? The time for action is now. All forms of small-scale mining must be banned immediately.”
The association also criticised government-led initiatives such as Operation Vanguard and Operation Flashout, labeling them as “monumental failures.”
UTAG cautioned that severe consequences could arise if the current trajectory persists.
“Cocoa productivity, once a cornerstone of our dear economy, has declined by 45 per cent this year. Experts estimate that illegal mining costs the economy USD 2.3 billion annually. The Forestry Commission reports that over 2.5 million hectares of forest cover have been permanently destroyed,” the statement noted.
Running mate of the New Patriotic Party (NPP), Dr. Matthew Opoku Prempeh, also known as NAPO, has rejected suggestions advocating the use of deadly force against individuals involved in illegal mining, commonly referred to as galamsey.
In a viral video from a campaign event, NAPO criticizes the opposition party, the National Democratic Congress (NDC), for what he describes as hypocrisy regarding their position on galamsey.
He claims the NDC, in its quest for power, is pushing for a shoot-to-kill policy to combat illegal mining—an approach he deems inappropriate. NAPO clarified that no one will be shot, and a more suitable method of mining will be pursued.
“The time they wanted vote, they said when they come, they would leave the galamseyers alone. But now they want to tell NPP people that we should shoot and kill galamseyers.
“Tell NDC that, no way. We won’t shoot them today or tomorrow. The truth is that God, who created the world, placed the gold under the ground, and it is the job of the government to establish community mining schemes for everybody to work peacefully.
“What we don’t like is for someone to mine on the water bodies because if we don’t get water to drink, we will die as a nation,” NAPO is heard saying in the viral video.
"Now that the NDC wants to win power, that they are telling the NPP to shoot to k!ll galamseyers? We will not shoot anyone, neither today nor tomorrow." – Dr. Matthew Opoku Prempeh (NAPO), running mate of the NPP, addresses issues of galamsey in Bogoso.
The Attorney-General, Godfred Yeboah Dame, has urged legal practitioners to refrain from casting doubt on the credibility of the Electoral Commission (EC) and its processes.
Speaking at the 2024 annual conference of the Ghana Bar Association in Kumasi, Mr. Dame underscored the vital role elections play in upholding democracy and the rule of law, stressing that the EC must be allowed to fulfill its constitutional mandate without undue criticism.
“The credibility of Ghanaian democracy and the conduct of elections in this country cannot be denied by any objective observer. We must resist the vain efforts of naysayers who constantly sow seeds of doubt about the credibility of Ghanaian elections,” he emphasized.
Reflecting on the work of the EC since 1992, Mr. Dame praised the institution for maintaining its integrity and carrying out its duties effectively, even in challenging circumstances.
He commended the EC for delivering what he described as one of the most transparent elections in Ghana’s history during the 2020 polls, despite the challenges posed by the COVID-19 pandemic.
The Attorney-General further explained that an election is a comprehensive process, involving multiple stages, from boundary demarcation and voter registration to ballot printing, distribution, voting, and result declaration.
He affirmed that the EC has so far handled these stages with competence and integrity, stating, “So far, I have not noticed anything untoward about the Electoral Commission’s handling of the process.”
The Attorney-General, Godfred Yeboah Dame has expressed confidence in the future of Ghana’s legal profession, describing it as promising.
His confidence stems from the new Legal Profession Bill in the offing as part of measures to comprehensively, and in a more sustainable way, address among other things, issues relating to access to legal education, rules on call to the Bar and regulation of professional conduct.
“We believe in broadening access to legal education whilst preserving standards and quality, cherished values without which the legal profession will lose its relevance to society. With these giant strides, I am confident that the future of the legal profession is bigger, brighter and better,” Mr Dame stated during the 2024 annual conference of the Ghana Bar Association in Kumasi.
He noted that in the past four years, the NPP government has recorded the highest admission of persons to study law and the biggest call of persons to the Bar in the nation’s history.
Since 2021, more than 3,000 individuals have been called to the Bar. In 2022, over 1,000 lawyers were admitted, and in 2023, this figure was surpassed with 1,286 lawyers being called during both the Main Call and Mini Call ceremonies.
He reflected on the role he played in 2021 that ensured the admission of 499 students into the Ghana School of Law, after presenting a petition to the General Legal Council.
The A-G added, “It is correct to say that for many of the junior lawyers, your presence in this room has been made possible by the positive decisions to broaden access to the legal profession by the Akufo-Addo administration.”
Government fell short of its treasury bill target, or the ninth consecutive week as liquidity conditions remained tight in the money market leading up to the December 2024 elections.
Bank of Ghana auction results revealed a shortfall of GH¢754.86, reflecting a 13.47% undersubscription against the targeted amount.
The government raised GH¢4.84 billion against a target of GH¢5.604 billion.
All submitted bids for the short-term securities were approved.
The 91-Day Bill attracted GH¢3.903 billion in bids, accounting for 80.49% of the total.
Bids for the 182-Day Bill amounted to GH¢748.58 million.
The 364-Day Bill received the smallest bid of GH¢197.11 million.
In the meantime, interest rates on the yield curve experienced slight increases.
The yield on the 91-Day Bill rose by 2.0 basis points to 24.90%.
The yield on the 182-Day Bill remained steady at 26.78%.
The 364-Day Bill saw a marginal rise to 27.92%, up from 27.91% the previous week.
The Institute for Energy Security (IES) has called on the government to reconsider a contentious draft bill that seeks significant reforms in the nation’s power sector, citing huge risk factors.
The proposed bill includes plans to merge the Volta River Authority (VRA) with the Bui Power Authority, consolidate the Electricity Company of Ghana (ECG) with the Northern Electricity Distribution Company (NEDCo), and establish a new, independent Thermal Power Authority.
Staff groups from the VRA have expressed strong objections to these restructuring plans, contending that they could adversely affect the power sector and diminish the VRA’s operational efficiency.
In a statement released on Sunday, September 8, 2024, and signed by its Executive Director, Nana Amoasi VII, the IES outlined the potential dangers associated with the proposed changes.
“While the proposed merger and restructuring of Ghana’s power sector may have its proponents, we believe that the risks far outweigh the benefits in its current form,” the statement noted.
It stressed the need to strengthen the current institutions rather than dismantling them.
“The focus should be on stabilising and strengthening the existing institutions such as the VRA, Bui Power Authority, ECG, and NEDCo, rather than dismantling them,” the statement added.
The IES therefore urged the government to reconsider the draft bill and explore alternative solutions that will protect Ghana’s energy security, affordability, and long-term sustainability.
Chief Executive of Ghana COCOBOD, Joseph Boahen Aidoo, has announced that the government is stepping up efforts to campaign against cocoa smuggling across the nation’s borders with the leadership of the military.
During a press conference in Kumasi on Friday, Aidoo revealed that COCOBOD is struggling to manage the rising incidence of cocoa smuggling.
“We have written to the Minister of Defense, requesting military intervention. While the police and other security forces have been assisting, there have already been several arrests related to cocoa smuggling. Recently, cocoa being transported out of the country in tankers meant for fuel was intercepted,” he said.
Aidoo stressed that military involvement is now necessary to address the issue more effectively. “The military has expressed readiness to lead the operation, and the Ministry of Defense is fully aware. Cocobod will sponsor the national Anti-Cocoa Smuggling Program,” he added.
“We have written to the Minister of Defense, requesting military intervention. While the police and other security forces have been assisting, there have already been several arrests related to cocoa smuggling. Recently, cocoa being transported out of the country in tankers meant for fuel was intercepted,” he said.
Aidoo stressed that military involvement is now necessary to address the issue more effectively. “The military has expressed readiness to lead the operation, and the Ministry of Defense is fully aware. Cocobod will sponsor the national Anti-Cocoa Smuggling Program,” he added.
The Cocobod CEO clarified that this heightened effort is essential for protecting Ghana’s cocoa export sector and achieving the country’s international export goals.
“Cocoa is the backbone of Ghana’s economy. It brings in the foreign exchange needed to support our balance of payments. We cannot afford to lose our cocoa exports, especially since we heavily support local farmers,” Aidoo emphasized.
He also noted that the government, through Cocobod, provides substantial support to cocoa farmers.
“This year, we supplied more than enough fertilizers, such as liquid fertilizer, insecticides, and fungicides. Cocobod also funded the pruning of cocoa farms. If cocoa is smuggled out of the country, how are we going to repay the loans we took to invest in our farmers?” he questioned.
Chief Executive of Ghana COCOBOD, Joseph Boahen Aidoo, has blamed the Russian government over development in cocoa smuggling, attributing the issue to the Russian government.
He explained that the Russian military group Wagner, stationed in Burkina Faso, Niger, and other Francophone countries, is involved in buying smuggled cocoa from Ghana and Côte d’Ivoire.
He disclosed, “Russia has been banned from entering the European market, which has led them to resort to smuggling cocoa. Countries like Burkina Faso and Niger, which do not grow cocoa, are now exporting cocoa. Where are they getting it from?” he asked.
He expressed belief that military action, included in the national Anti-Cocoa Smuggling initiative, will effectively address the issue.
He also affirmed the government’s dedication to safeguarding the cocoa industry and preventing its downfall.
Additionally, Aidoo noted that the new measures to enhance cocoa production are anticipated to show positive outcomes starting next year, benefiting both the government and local farmers.
Some residents of Dansoman Roundabout near Zodiac in Accra assaulted fire officers after they reportedly arrived at the scene of a blaze without the necessary fire engine to combat the growing flames.
In a video posted by EDHUB on the social media platform X, furious residents are shown physically attacking fire officers for their inability to control the fierce blaze that had consumed a residential structure.
In 2023, the Ghana National Fire Service (GNFS) issued a caution, stating that communities that assault their officers during emergency operations risk being blacklisted.
This warning came after a troubling incident at the O.A. Travel and Tours terminal at Kwame Nkrumah Circle, where unidentified individuals, angered by the perceived delay in the Fire Service’s response, began throwing stones at the fire trucks.
The situation was eventually brought under control when the police intervened, enabling the firefighters to proceed with their duties.
Residents attàcked fire officers at Dansoman Roundabout near Zodiac after the officers reportedly arrived at the scene without their fire tender to deal with the spreading fire. pic.twitter.com/bYmk8ugf8w
The chiefs and elders ofKwawu Atibie in the Eastern Region have conducted a purification ritual on the Odweanoma Mountain to address the frequent accidents on the Nkawkaw-Atibie road.
Concerned about the rising number of crashes, traditional authorities decided to cleanse the land, seeking forgiveness from the gods for any possible transgressions.
Nana Bamfo Dankwah II, the Akyeamehene of Kwawu Atibie, stated that many of these accidents were avoidable.
After the ritual, he expressed optimism that travelers can now use the road with a greater sense of security.
Additionally, Nana Atuobi Yiadom, the Kwawu Atibie fetish priest, after offering libations and sacrificing sheep and hens to appease the gods, affirmed that their prayers have been answered.
Abuakwa South MP Samuel Atta Akyea has expressed his surprise at not being appointed to a ministerial role during President Akufo-Addo’s second term.
Having served as Minister for Works and Housing and as a Cabinet Minister from 2017 to 2020, Mr. Atta Akyea had anticipated either being retained in his position or being reassigned to another role within the government.
“You can never force yourself on a president to put you in his cabinet. I didn’t want to say I was peeved; I was really surprised,” he stated in an interview on Accra-based Class FM.
Sharing his disappointment, the lawmaker said he was also shocked when there was no explanation from the President on his exclusion but there was nothing he could do
“At least, the due courtesy of informing me that, ‘Atta, because of one reason or the other, I cannot sign you up again,’ given the family relations and also the professional relationship. I was surprised that I wasn’t even informed about it,” he added.
A suspected thieffound himself in an unfortunate predicament after a botched burglary attempt left him trapped.
His hand inexplicably got stuck in a building window, leaving him dangling helplessly for hours.
The man was discovered the following morning by local residents, who found him in great distress, covered in sweat and pleading for assistance.
However, instead of offering him help, the angry crowd took matters into their own hands, delivering a beating as punishment for his alleged crimes.
Witnesses claimed the individual had a notorious reputation for theft and had long troubled the community with his criminal activities.
The bizarre incident quickly attracted attention, with many onlookers both surprised and entertained by the thief’s misfortune, adding an unusual twist to the neighborhood’s ongoing battle against crime.
Deputy Director General of the National Sports Authority (NSA), Majeed Bawa, has alleged that the individuals responsible for the vandalism at the Baba Yara Sports Stadium after theBlack Stars’ AFCONqualifying defeat to Angola are addicted to betting.
Frustrated fans stormed the field and damaged pitch panels following Ghana’s 1-0 loss to the Palancas Negras in Kumasi on Thursday.
Although some have blamed the incident on both the result and the poor condition of the pitch, Bawa holds a contrasting view.
“I saw them. In fact, I was standing helplessly because if you try to stop them, they may hurt you. The police were there, but they couldn’t help. They destroyed and threw missiles onto the pitch,” he told Asempa FM.
“All manner of objects [were thrown] on the pitch. That damage too was caused by NSA? I believe these incidents are being caused by young people addicted to betting.
“Honestly, that is my feeling. Because if you see those people doing these things, they are young, young guys. They are doing this because we lost. Those who vandalised the stadium are young guys addicted to betting.
“They were saying that they were disappointed. They’ve lost, they’ve lost, and they’ve lost, not Ghana.”
The poor condition of the pitch dominated headlines after the game, with many social media users calling for Ghana to be banned from hosting home games until the pitches are repaired.
A co-owner of an 18-bedroom apartment complex in Cantonments, Accra, has alleged that unknown individuals demolished his property without justification.
Sylvester Ashun, the co-owner, stated that two months ago, a man identified only as ‘Chief’ approached him and insisted they leave the premises.
“About two months ago, a gentleman came over with four land guards. They jumped the wall, opened the gates, and confronted the tenants, saying they were going to demolish the house,” said a visibly distraught Mr Ashun.
Mr Ashun added that the Chief claimed to be from the office of the Vice President.
“I asked him where he was coming from, and he said the office of the Vice President,” he recounted.
After Mr. Ashun confronted Chief and cautioned him to stay away, Chief allegedly asserted that the land on which Ashun’s grandfather’s house stood was his property.
Ignoring the warning, Chief came back two weeks later at dawn and caused damage to portions of the building.
Mr. Ashun reported that a few days later, Chief returned with roughly 20 land guards and a bulldozer, completely demolishing the structure.
Ashun now intends to take legal action against those involved.
“My aunties and cousins are in the States; they are all coming down. The next step is to seek legal redress. We may have to pursue civil action against whoever did this to us,” he said.
Many tenants are now living in their cars or with friends.
Director of Elections and IT for theNational Democratic Congress (NDC),Dr. Edward Omane Boamah, says the Electoral Commission (EC) has not agreed to its demands to conduct a forensic audit of the voter register.
According to him, the EC appears unwilling to open its books to scrutiny by anyone, and they are therefore not surprised by the Commission’s stance.
Speaking to the press after the Inter-Party Advisory Committee on September 6, he said “They have not accepted the independent forensic audit expectedly.”
“It is not all doctors who readily refer, it is not all workers who readily refer when issues are above them, some of them wait until bridges collapse.
Some of them wait until patients are on the verge of dying before they push them. We would have loved that the Electoral Commission accepted this.”
Mr. Boamah stated that conducting a forensic audit would restore public confidence in the Electoral Commission’s (EC) ability to oversee transparent and credible elections.
On September 10, the Minority in Parliament expressed concerns about the voter register exhibition, claiming it had been manipulated.
They argued that the voter register contains numerous inconsistencies and issues, which theEC has already acknowledged.
As such, they cannot vouch for the integrity of the voter register, reiterating the stance of the opposition NDC for a forensic audit of the register.
Pius Apprey from the University of Kent has made an urgent plea for financial aid in an open letter, for Ghanaian students studying abroad under theGhana Government Scholarship program.
Apprey’s letter sheds light on the severe financial hardships facing scholarship recipients, particularly those in the UK, due to unpaid stipends and tuition fees. He notes that despite promises of full tuition coverage and monthly stipends for living expenses, these commitments have not been met.
According to Apprey, many students have only received stipends for nine out of the 37 months they have been abroad, resulting in significant unpaid debts.
As a consequence, students are experiencing evictions, legal battles, academic withdrawals, and, in extreme cases, turning to desperate measures for survival—some male students selling sperm and some female students entering relationships for financial support.
While the government recently announced the release of GHȼ50 million to address the issue, Apprey argues that the amount is insufficient.
His analysis indicates that the funds would cover tuition for only about 127 students, leaving over 650 others without support. Additionally, unpaid stipends continue to exacerbate the financial challenges for many.
Apprey calls for greater transparency and fairness in fund distribution and warns that the partial release of funds may intensify pressure from creditors.
He also emphasizes that the issue extends beyond current students, affecting former scholarship recipients who have completed their studies but are still owed stipends.
The letter concludes with a direct appeal to President Akufo-Addo, urging the release of additional funds to cover all outstanding tuition fees and stipends, allowing students to complete their studies without further financial distress. Apprey expresses gratitude for the president’s previous support and calls for swift action to resolve the crisis.
Below is the letter in full
Open Letter to Mr. President of Ghana
Appeal for Urgent Financial Support for Students on GOG Scholarship Abroad
Your Excellency President Nana Addo Dankwa Akufo-Addo,
I bring you greetings, and extend my warmest wishes to you and your esteemed government. May peace be upon you as you continue to lead our beloved nation, Ghana.
I hope this letter finds you well. I am sending this letter on behalf of suffering beneficiaries of the Ghana Government Scholarship studying in the UK.
First and foremost, I wish to express my profound gratitude for the opportunity provided by your government for us to pursue our studies abroad. This invaluable chance to acquire knowledge and experiences is one that we hold dear, as it will enable us to contribute meaningfully to the development of our cherished country upon our return.
However, I feel compelled to bring to your attention some serious challenges that we, the scholarship beneficiaries, are currently facing. These difficulties have made our learning experience increasingly stressful and, in some cases, almost impossible.
Under the sponsorship awarded to us through the Ghana Scholarship Secretariat, we were assured that our tuition fees would be fully covered and that we would receive monthly stipends to cater for our accommodation, bills, and other essential needs. Regrettably, this promise has not been fully realized.
Many of us have been here for approximately 37 months, yet we have only received stipends for 9 of those months. This leaves us with 26 months of unpaid stipends.
Furthermore, for the majority of us, tuition fees have not been paid, leading to some students being withdrawn from their universities and facing the looming threat of deportation.
Additionally, some students have been locked out of their student portals, making it impossible for them to engage in any academic activities. Others have been evicted from their residences due to unpaid rent, and others are facing court litigations as their landlords have sued them in courts.
Others have had to resort to sleeping in their university libraries because of their inability to pay for their accommodation. The majority have received communications from their schools warning of potential withdrawal from our respective programmes.
The dire situation has forced some students into desperate measures for survival. There are male students who have resorted to selling their sperm, while some female students have been forced into relationships, all in a bid to survive as we strive to complete us studies.
In a recent interview on City FM featuring a fellow beneficiary and Mr Richard Gyamfi, a management member at the Ghana Scholarship Secretariat, it was revealed that GHS 50 million has been released to address the challenges we are facing. This follows the promise by the Vice President at his interaction with the media.
While this gesture is appreciated, a detailed analysis of the situation indicates that the funds may not suffice to resolve the pressing issues we are grappling with.
To provide a clearer perspective, allow me to present the following analysis based on students who were awarded the scholarship in only the 2023/2024 academic year:
1. Total Participants on the Ghana Scholarship Secretariat (GSS) 2023/2024 General WhatsApp Platform:
The platform currently hosts 787 participants, including both GSS administrators and students. Assuming that approximately 7 of these participants are GSS administrators, it can be inferred that 780 participants are active students.
2. Proposed Government Release:
As mentioned by Mr. Gyamfi, the proposed government release amounts to GHS 50 million. At the current exchange rate of 1 GBP = 20.67 GHS, this equates to approximately £2.4 million.
3. Estimated Tuition Fees:
The average tuition fee per student is estimated to be £19,000. Given the proposed release, these funds would only cover the tuition fees of approximately 127 students.
4. Implications:
This scenario leaves over 653 students without coverage for their tuition fees. Additionally, the issue of unpaid stipends remains unresolved.
Several critical concerns arise from these findings, including the equity and transparency of fund distribution and the potential fallout from the inadequate allocation. The release of these funds may lead to increased pressure from creditors, as they might assume that students have received their full entitlements.
Your Excellency, this analysis only covers the 2023/2024 GSS beneficiaries and does not account for all other batches, and even those who have completed but are still owed stipends. Therefore, the magnitude of the problem is likely far greater than what is outlined here.
In light of these circumstances, I humbly appeal to you on behalf of all my fellow scholarship beneficiaries, to make additional funds available to cater for all students.
We remain forever grateful for your continued support.
Vice President of theGhana Medical Association, Prof. Ernest Yoke, has revealed that a significant portion of the food sold on the market today could potentially be contaminated due to illegal mining activities in rural areas.
He stated that research conducted by association members has shown that various food products and livestock have been impacted by these pollutants.
Speaking on JoyNews’ Newsfile on September 7, Prof. Yoke emphasized the need for immediate and collective action to eliminate this threat.
He stressed that until illegal mining, also known as galamsey, is completely stopped, no one is truly safe.
“There are tons of publications that suggest that it has gone beyond just the immediate environs of the galamsey. It is coming to town. “So you live in Accra and you think you are safe, I tell you go to Agblobloshie, you go to Mallam Atta to buy food it is coming home,” he said. Prof. Yoke also cautioned that prolonged consumption of these contaminated foods could lead to damage to essential organs.
He suggested that the recent increase in kidney-related illnesses could be connected to the environmental impact of illegal mining.
The GMA vice presidentreiterated that the public remains at risk until galamsey is completely eradicated.
On Monday, the chief of Dromankese, Obrempong Danso Abeam, along with his elders, invoked curses on Mr. Mahama and the NDC parliamentary candidate, Joseph Mensah, accusing them of showing disrespect.
The chief and his elders claimed Mr. Mahama had failed to fulfill his promise to visit the palace during his campaign tour. They waited for him but later discovered around 7:00 PM that he had already left the town without meeting them.
However, the former President has stated the changes had been communicated in advance.
“An advanced team had gone because we knew that looking at that day’s program, we were going to get there late.
And we didn’t want the situation where chiefs will sit and you’ll come late and they tell you, you did not respect them because we came late.
“And so the day before we had sent to tell the chiefs that we would not be visiting the palace but said that if they were willing, they should come and join us at the rally grounds,” he said while addressing the media.
According to him, the viral video of the chief invoking curses came to him as a shock.
“And so when we got to Dromankese, there was nothing like going to the palace. It was just going straight to the rally grounds so I was surprised to see a chief invoking curses against us at that place,” Mr. Mahama stated.
He revealed that he had a conversation with the chief, who admitted that his sub-chief had been wrong in his public outburst.
Mr. Mahamareferred to the incident as an “occupational hazard” and informed reporters that his campaign team was striving to ensure that traditional leaders in the areas they visit are more involved in their events.
“I just want to tell our chiefs that we respect them and as much as possible, we will incorporate them into our program. Where it is possible to visit them in their palaces we will do so,” the former president assured.
“But do not want to inconvenience them late in the night when we know our programs are running late,” he added.
Meanwhile, the issues have been resolved with the curses invoked.
A 24-year-old woman, Eunice Sebbi, is reported to have taken her own life in her boyfriend’s room during the early hours of Tuesday, September 3, 2024, in Sege, located in the Ada West District.
Eyewitness accounts reveal that Ms. Sebbi had been missing from her family home in Goi for three days leading up to her tragic death.
According to information gathered by the Ghana News Agency (GNA), her boyfriend, a taxi driver, discovered her hanging in his room when he returned from work around 1:00 AM on Tuesday.
Superintendent of Police Daniel Yaro, the Sege District Police Commander, confirmed the incident but refrained from giving further information.
The body of the deceased has been transported to thePolice Hospital mortuary, where an autopsy will be conducted.
The Social Security and National Insurance Trust (SSNIT) is anticipating a solid financial outlook for 2024, attributed to notable gains in its investment returns and enhanced operational efficiency.
SSNIT Director-General, Kofi Osafo-Maafo, highlighted during a stakeholder address that the trust has significantly improved its financial standing over the past few years.
In 2021, SSNIT faced a deficit but managed to achieve a GH¢230 million surplus by 2022. This upward trend continued in 2023, with a surplus of GH¢864 million.
Mr. Osafo-Maafo noted that the trust expects a similar performance in 2024, driven by better contributions collection, higher investment returns, and effective cost management.
“This financial progress is a testament to our prudent management of investments and effective operational strategies,” Osafo-Maafo said. “The figures reflect SSNIT’s commitment to improving its services and ensuring sustainability of the pension scheme.”
The Director-General also noted that SSNIT’s efforts to streamline its operations have been bolstered by the compliance of employers. This cooperation has allowed SSNIT to maximise the use of digital platforms to improve contribution collection and payment processes.
SSNIT has paid out a total GH¢3.2billion in benefits to its members in the first half of 2024, underscoring the trust’s pivotal role in supporting retirees. These payments included over GH¢2.8billion in old-age pensions to 248,554 beneficiaries; GH¢15.6million for invalidity pensions to 1,666 individuals; GH¢51.5million in old-age lump-sums to 2,941 retirees; and GH¢258.6million as survivor’s lump-sums to 14,493 beneficiaries.
These figures highlight the trust’s dedication to alleviating old-age poverty and ensuring financial stability for retirees. Osafo-Maafo stated that SSNIT is committed to maintaining this level of support while also exploring new ways to improve the pension scheme’s sustainability.
One of the event’s key themes was the trust’s commitment to leveraging technology for enhancing service delivery.
Mr. Osafo-Maafo highlighted how digital platforms are making pension services more efficient, reducing delays in processing pension claims and simplifying administrative procedures.
“In the past, there were concerns about the time it took to get pensions paid and submit contribution reports. Over the years, we have made significant improvements in those areas,” he stated.
He further outlined the introduction of various digital services – including a mobile app and other online platforms designed to facilitate seamless engagement between contributors and the trust.
During the event, Ms. Juliana Kpedekpo, SSNIT’s Deputy Director-General for Operations and Benefits, provided an update on the trust’s Self-employed Enrolment Drive (SEED). Launched in 2023, SEED aims to extend pension coverage to self-employed individuals and workers in the informal sector.
“The SEED initiative has been highly successful, with enrollment growing from 13,000 in May 2023 to over 100,000 within a year,” Ms Kpedekpo announced.
She acknowledged the progress made but reiterated a need for continued efforts to ensure that all workers are covered under the SSNIT scheme.
“Our goal is to provide every worker in Ghana with the opportunity to retire with dignity and comfort,” she added.
The trust’s positive financial projections for 2024, combined with its ongoing efforts to expand pension coverage and improve service delivery, reflect SSNIT’s determination to strengthen Ghana’s social security system.
Conor Gallagher hasaddressed his situation with Chelsea manager Enzo Maresca following his forced move to Atletico Madrid during the summer transfer window.
After lengthy and somewhat difficult negotiations, Chelsea and Atletico Madrid agreed on a £36 million ($47 million) fee, though the transfer nearly collapsed at one point.
The England midfielder was left facing an uncertain future after being sidelined by Maresca, leading to his eventual departure.
Gallagher’s transfer has divided the Chelsea fanbase, with many expressing disappointment over losing a homegrown player at his prime. Gallagher himself felt that his performances, especially under former manager Mauricio Pochettino, were significant.
However, Chelsea’s need to reduce their wage bill and comply with the Premier League’s financial regulations pushed the club’s decision to let him go.
When Gallagher was asked about his opinion on Maresca’s thoughts that he does not fit into the Italian’s style of football, he said: “I don’t think that’s true personally.
I think last season I had a good season with Chelsea and you could see by Mauricio Pochettino playing me every game and showing his trust in me.
And the fans appreciated what I did on the pitch. I’m very grateful for all of that and very thankful to the fans, and very thankful to Pochettino for giving me that platform to go and express myself and show the best version of myself at Chelsea.”
Gallagher had been associated with Chelsea since he was eight and despite the forced nature of his exit, Gallagher reflected on his time at Chelsea with pride, noting that it was always a dream of his to play for the club.
“Obviously in football, things happen. I have left Chelsea, but I look back at all my memories and I am really happy that I was able to play for them for the couple of years that I did. The dream came true. So I am very lucky,” he said.
“Honestly, with Chelsea, I have only got good things to say. Amazing football club, my boyhood club where I grew up through the academy. I am so thankful and grateful for everything they did for me in the academy and the first team.
As for the fans, last season especially, they really warmed to me which made me feel confident and good and very happy as well so I leave Chelsea with really special memories.”
On Thursday, security personnel at the Baba Yara Sports Stadium failed to manage the crowd effectively during Ghana’s AFCON 2025 Qualifier against Angola, leading to two separate disruptions.
The first incident occurred in the first half when a fan bypassed security and ran onto the field to embrace Ghana striker Jordan Ayew.
The game had to be momentarily halted while the intruder was apprehended. This marked the latest in a series of pitch invasions, with players like Andre Ayew and Mohammed Kudus previously being targeted.
In 2020, Ghana received a $10,000 fine following a similar fan invasion during an AFCON 2021 Qualifier against South Africa in Cape Coast.
After Thursday’s 1-0 defeat to Angola, disgruntled fans stormed the pitch and caused significant damage to property, including smashing nearly all the pitch panels.
Objects, including plastic bottles, were hurled onto the field after Ghana conceded a last-minute goal in the 93rd minute of the Group F match.
While the police were able to arrest one individual in connection with the vandalism, this episode adds to Ghana’s growing list of fines for crowd mismanagement.
Earlier in January, Ghana was fined $15,000 for disturbances during their AFCON 2023group match with Cape Verde.
National Sports Authority (NSA) has temporarily shut down the Baba Yara Sports Stadium for maintenance, with plans to reopen it for Ghana’s upcoming international match on October 7, 2024.
Following Ghana’s 2025 African Cup of Nations (AFCON) qualifier against Angola, which took place at the stadium on Thursday, criticism poured in from both fans and coaches over the subpar condition of the pitch.
Angola’s head coach, Pedro Gonçalves, was particularly vocal about the poor state of the playing surface.
In light of the closure, the NSA will soon hold discussions with Asante Kotoko to arrange a new venue for their home matches in the Ghana Premier League.
Kotoko is set to play their first league match at the Naa Sheriga Sports Stadium against Karela United, but they will need to relocate their second fixture due to the stadium’s maintenance work.
“We always tried to play football, but the pitch was difficult,” Gonçalves said. “A country like Ghana deserves a better stadium, a better pitch for football. They have such talented players.”
Although Otto Addo, Ghana’s coach, did not attribute the loss—which ended Ghana’s 24-year unbeaten record at the stadium—to the pitch, he acknowledged its poor condition.
“I don’t want to blame the loss on the pitch, even though it wasn’t in good shape,” Addo remarked. “Against the Central African Republic, the pitch was also poor, but we managed to win. We simply have to do better.”
Majeed Bawa, Deputy Director General of the NSA, seemed to echo Addo’s sentiment in defence of the stadium.
“Are they suggesting that the Angolans were playing in the sky? They are all footballers,” he questioned during an interview on Asempa FM.
“Those they assembled to play against the Black Stars are professionals, just like our team. They all played on the same pitch. CAF inspected and approved the pitch for the game.”
Despite this defence, the NSA has decided to close the facility until October for maintenance and to repair structures vandalised by irate fans following Thursday night’s match.
The National Commission on Culture (NCC) has reacted to the growing trend of in cross-dressing among men who create content on TikTok.
These concerns from the NCC intensified following reports of several male content creators making headlines in Kumasi at the Ridge Condos All Black Party, where they dressed and accessorized in a manner typically associated with women.
Dr. Richardson Commey Fio, Deputy Executive Director of the NCC, expressed his deep worries about this trend during an interview with Graphic Showbiz.
He condemned the behavior as contrary to Ghanaian cultural values, stating, “It is very disappointing that we continue to experience such behaviours that are an affront to our rich cultural values and norms.”
He further remarked, “What happened in Kumasi is a total disrespect to our Ghanaian culture and more directly an insult to Otumfuo Osei Tutu II, Manhyia, and all custodians of culture in the Ashanti Region and Ghana at large.”
The Lagos State Police Command has detained Dr. Idara Bassey in connection with the death of a 36-year-old woman who died during a buttock enlargement procedure at a clinic in Lekki Phase 1.
The case emerged last Tuesday when the deceased’s driver reported the incident to the Maroko Police Division at approximately 11:40 a.m.
The nurse who administered the injection, reportedly following Dr. Bassey’s instructions, was also apprehended soon after.
Police spokesperson SP Benjamin Hundeyin confirmed that Dr. Bassey has been taken into custody and is currently under investigation by the State Criminal Investigation Department at Panti.
Dr. Bassey had previously fled the scene following the procedure on August 26, 2024, which resulted in the woman’s death.
The victim, identified as Abiola, had left her residence in Diamond Estate, Sangotedo, instructing her driver to take her to the clinic for the procedure. According to the driver, Abiola lost consciousness and began struggling to breathe after receiving the injection.
Regarding potential charges against Dr. Bassey, Hundeyin mentioned that more information will be released once the investigation concludes.
A 36-year-old woman identified as Abiola, has been confirmed deåd while undergoing a BBL surgery at a clinic in Lekki, Lagos State
A fire at a primary boarding school in central Kenya has claimed the lives of 17 students, according to a police spokesperson.
President William Ruto announced that he had instructed authorities to launch an investigation and ensure those responsible are held accountable.
Speaking on Kenya’s Hot 96 FM, police spokesperson Resila Onyango mentioned that additional rescue teams were en route to the Hillside Endarasha Academy in Nyeri, with further details to be provided later.
“We have lost 17 pupils in the fire incident while 14 are injured,” Onyango told Reuters by telephone. “Our team is at the scene at the moment.”
Earlier reports from Citizen Television indicated that the fire had left the students burned beyond recognition.
“I instruct relevant authorities to thoroughly investigate this horrific incident. Those responsible will be held to account,” Ruto posted on X.
The Kenya Red Cross reported that authorities had sealed off the school.
Kenya has witnessed a string of school fires in recent years, many of which have been linked to arson. In September 2017, nine students lost their lives in a fire at a school in Nairobi, which the government confirmed was an act of arson.
In 2001, a dormitory fire at Kyanguli Secondary School near Nairobi claimed the lives of 58 boys, and in 2012, eight students were killed in a blaze at a school in Homa Bay County, located in western Kenya.
Although the report shows the government enhanced its victim protection efforts, the number of identified victims rose compared to the 574 victims reported in 2022.
Children made up a large portion of the victims, with 505 affected, and the majority of those trafficked, 616, were Ghanaian nationals.
Among the 123 foreign nationals trafficked, most were Nigerian, with others from Liberia, Sierra Leone, and Vietnam.
The United States Department of State, through the report, acknowledged that Ghana has yet to meet the minimum standards for eradicating trafficking but is making notable progress.
The Department recommended that Ghana intensify investigations and prosecutions of suspected traffickers, including corrupt officials and fraudulent labor recruiters, and impose significant prison sentences on those convicted.
Ghana remains on Tier 2 of the US Department of State’s ranking due to its improved efforts compared to previous years. These efforts include increasing investigations, prosecutions, and convictions related to trafficking, as well as referring more victims for assistance. The government also trained judicial and law enforcement personnel in trauma-informed practices and strengthened its collaboration with civil society to improve protection and prevention.
Despite these advancements, the government still fell short in key areas. For example, the 2017 ban on labor migration to Gulf States remains in effect, increasing vulnerability to trafficking.
The government did not hold any fraudulent labor recruiters accountable, despite reports of Ghanaian victims being exploited abroad.
The report also criticized the government for not addressing complicity in trafficking cases adequately, nor amending anti-trafficking regulations to eliminate the option of fines instead of imprisonment for traffickers who are parents or guardians of child victims.
Efforts to identify trafficking indicators among vulnerable populations—such as labor migrants, asylum seekers, and workers on Chinese-owned fishing vessels—remained insufficient.
Over the past five years, human traffickers have exploited both local and foreign victims within Ghana, while Ghanaian victims have also been trafficked abroad. Children in Ghana have been forced into labor in fishing, domestic service, street hawking, begging, artisanal mining, herding, and agriculture.
In a disturbing revelation from the 2023 Ghana Trafficking in Persons Report, the government identified and reported 944 victims of human trafficking last year. Of these, a staggering 821 individuals were subjected to labor trafficking, while the remaining were exploited for sexual purposes. The report sheds light on the persistent and growing challenge of human trafficking in Ghana, despite increased efforts to protect victims.
The New Patriotic Party (NPP) flagbearer, Dr. Mahamudu Bawumia, has once again emphasized his party’s stronger track record compared to the opposition National Democratic Congress (NDC) across various sectors.
Addressing community leaders and a large crowd of supporters in Tema during his ongoing campaign tour of the Greater Accra Region, Dr. Bawumia highlighted that undeniable data confirms the NPP’s superior performance in every sector of development compared to the NDC.
“If you look at performance, sector by sector, we have performed better. Whether it is agriculture, we have done better. Whether it is industry, we have done better,” Dr. Bawumia said.
He continued: “Whether it is jobs, we have created 2.1 million jobs. It is still not enough, but that is more than any government in the 4th Republic. Whether it is roads, we have done better. Whether it is railways, we have done better; hospitals, we have done better; interchanges, we have done better; classrooms and schools, we have done better; sports facilities, we have done better.”
The NPP flagbearer continued, adding that in the areas of sanitation facilities, court buildings, provision of facilities and equipment for the security services, fiber optic cable, and sports facilities, the NPP has clearly “done better.”
“There is not a single area that you can point to, that you will say this government has not performed better than the previous one. And I challenge them because I am a man of data. I speak only with data,” he said.
“When I say we have done better, I have the data to support it. And this is why the former President doesn’t want to debate me because he knows he doesn’t have the data.”
“He can make statements on political platforms where nobody will challenge him, but he cannot make them in front of me. He cannot.”
Family of a deceased final-year student at O’Reilly Senior High School, Edward Borketey Sackey, who was fatally stabbed by a classmate on September 2, 2024, has shared some insight into the incident
Speaking to the media, the head of the family, Nii Afotey Chiribour IV, and the deceased’s father, Enoch Sackey, recounted the tragic events that led to Edward’s death, partially attributing the loss to the negligence of O’Reilly teachers.
Nii Chiribour IV alleged that the teachers stood by as Edward was stabbed and left him bleeding without offering any help.
He added that doctors at LEKMA Hospital, where Edward was pronounced dead upon arrival, indicated that he might have survived had he received medical attention sooner.
Enoch Sackey, who has lost his only son, vowed to seek justice and ensure that everyone involved in his son’s death is held accountable.
The pollution of the Pra River due to illegal mining is causing severe consequences beyond the destruction of the water source and the lack of clean water for nearby communities.
Recent reports indicate that contaminated river water is now being used to irrigate crops, posing a significant public health risk.
A cocoa farmer from Twifo Praso in the Central Region shared this troubling practice during an interview with the media. He explained that the scarcity of clean water has forced farmers to rely on the polluted Pra River for both domestic and commercial purposes.
Harmful chemicals from mining operations have infiltrated into the river, contaminating crops with toxic substances such as mercury, arsenic, and lead—dangerous elements used in mineral processing that pose risks to both aquatic life and humans.
Chief Executive Officer of Korle Bu Teaching Hospital, Dr. Opoku Ware Ampomah, has warned that Ghana risks seeing an increase in children born with cleft lip and palate due to heavy metals from illegal mining contaminating drinking water sources.
A video shared by the media highlighted the extent of the pollution, showing the Pra River’s water a deep brown, indicating high contamination levels. The footage also showed numerous chamfan machines lined up along the river, confirming their use by illegal miners.
The impact of illegal mining on the local water supply is dire. TheGhana Water CompanyLimited in the Central Region reported significant disruptions in water services to Cape Coast, Elmina, and surrounding areas.
Residents are facing severe shortages, with taps running dry for days, forcing them to endure increasingly difficult conditions due to the disruption of their once-reliable water supply.
There is growing pressure on the government to hold local authorities accountable as part of efforts to combat illegal mining. This follows the Asantehene, Otumfuo Osei Tutu II, destooling Sabronum Gyaasehene Nana Awua Gyau Atuomi, Akyeamehene, and Baamuhene for their involvement in illegal mining. Stakeholders are urging the president to follow suit and sanction guilty government officials.
A financial report released by the World Bank has ranked Nigeria as the third-largest debtor to the Bank’s International Development Association (IDA) as of June 30, 2024.
The report shows that Nigeria’s debt to the IDA increased to $16.5 billion by the end of June, marking a $2.2 billion rise, or 14.4%, compared to the $14.3 billion owed at the close of 2023.
The IDA, a critical division of the World Bank, provides low-interest loans and grants to the world’s poorest nations to foster economic growth, reduce inequalities, and enhance living standards. These loans typically come with favorable terms, including long repayment periods and minimal interest.
At the top of the IDA debtor list is Bangladesh, with $20.5 billion in loans, followed by Pakistan, which owes $17.5 billion.
Nigeria has overtaken India, which now holds the fourth position with $15.9 billion, down from $17.9 billion in 2023. Ethiopia, Kenya, and Vietnam are next in line, with debts of $12.2 billion, $12.0 billion, and $12.0 billion, respectively.
The lowest-ranking countries on the list are Tanzania with $11.7 billion, Ghana with $6.7 billion, and Uganda with $4.8 billion.
“As of June 30, 2024, the ten countries with the highest exposures accounted for 63% of IDA’s total exposure.
“Monitoring these exposures relative to the SBL requires consideration of the repayment profiles of existing loans, as well as disbursement profiles and projected new loans and guarantees,” the World Bank said. Recall that the Debt Management Office (DMO) reported that Nigeria’s total public debt increased to N121.67 trillion in the first quarter of 2024, compared to the N97 trillion recorded in December 2023.
According to DMO, the increase was primarily due to new domestic borrowing by the federal government to partly fund the deficit in the 2024 budget as well as disbursements by multilateral and bilateral lenders.
The debt office said total domestic debt was N65.65 trillion ($46.29 billion), while total external debt was N56.02 trillion ($42.12 billion).
It is therefore important that we remind you that it is our responsibility to grapple with the apparent challenges that have befallen our nation and its continuing use to beggar and humiliate our people and workers.
“You must not therefore allow yourself to become an instrument for the pauperization of the workers that you lead. You must not allow this process to be turned into a tool to deprive and cheat already suffering workers from the benefits that may accrue to them. Congress will severely sanction any state council that colludes with employers whether public or private to cheat workers out of their benefits.”
“I believe that the same mind that was in us at the national level will be in all of you here so that we will have a successful implementation round.”
As we head to the negotiation table, we must begin to organize and mobilize now. “We must remain vigilant, informed, and united. This Workshop is an essential step in that process.”
“It is a space for us to discuss strategies, share knowledge, and build the networks that will sustain our efforts towards having a better result than the 2019 cycle. Learn from what we did and be comforted that we have remained unflinching in the face of persecution by the state.”
Ajaero added “Like we have said before, ours is a divine mandate! God knows the purpose for making us leaders of the labour movement at this time in our nation. We have stood firm and have not betrayed you. You will stand firm, you will not betray workers and you will not betray man. You will not betray God. At the end of the day, the people we lead will define us based on how we handle this exercise – Heroes or betrayers. The choice is ours.”
Employees of the Volta River Authority (VRA) have strongly opposed a draft bill proposing the merger of VRA with the Bui Power Authority.
The proposed legislation also includes the consolidation of the Electricity Company of Ghana (ECG) with the Northern Electricity Distribution Company (NEDCo) and the establishment of an independent Thermal Power Authority from VRA’s thermal plants if enacted.
However the VRA workers contend that these changes are not in the best interest of Ghanaians and could have serious negative impacts on both the VRA and the nation as a whole.
In a statement released on Wednesday September 4, 2024, the staff groups stressed that the proposed reforms could weaken VRA’s contributions to the national grid and compromise energy security.
“The support VRA gives to NEDCo is to ensure that our brothers and sisters in the NEDCo catchment areas of the country enjoy electricity consistently without any hindrance. The separation of NEDCo from VRA can affect the supply of power and cash inflows for VRA since ECG is not consistent with its payment obligations to VRA. We see this attempt as “A GRAND SCHEME TO SELL VRA ASSETS TO CRONIES,” he said.
Adding that, “the Volta River Authority was built for the people and not the highest bidder.”
The VRA staff groups have disclosed that a Memorandum of Understanding (MOU) currently exists between the Volta River Authority (VRA) and the Northern Electricity Distribution Company (NEDCo), ensuring VRA’s ongoing support for power supply and infrastructure development.
However, they noted that “the MOU has expired and is in need of renewal, but management seems powerless and disinterested in renewing it to maintain uninterrupted support to NEDCo, without any clear reason,” according to their statement.
In May 2024, the VRA Board Chairman had reassured that there were no plans to privatize the Authority’s thermal assets.
“The Staff of VRA with the support of Ghanaians shall fearlessly resist and use all legitimate means at our disposal to ensure that the people of Ghana are not robbed of affordable electric power and energy security under the guise of mergers and privatization,” they further stated.
The latest findings from the 2024 Air Quality Life Index (AQLI) report have revealed that the average person loses nearly two years of their life due to exposure to harmful particulate matter which are extremely small solid particles and liquid droplets suspended in the air.
This type of pollution is significantly reducing life expectancy worldwide, according to the report which indicated that the situation is significantly alarming in regions such as Central and Western Africa, where pollution is severely impacting the longevity of life.
“In Central and Western Africa, air pollution poses as much of a health threat as well-known killers in the region like HIV/AIDS, malaria, and unsafe water. An average resident in these areas will lose 1.7 years of life if pollution persists at current levels,” the 2024 AQLI report, published on August 28 by researchers at the Energy Policy Institute of the University of Chicago (EPIC) highlighted.
Burundi, Rwanda, Equatorial Guinea, Cameroon, and The Republic of the Congo are the most polluted countries in Central and West Africa. These countries are also among the most polluted countries in the world, per the report.
It added, “in the Republic of the Congo’s capital city of Brazzaville, residents are losing 3.2 years; in Rwanda’s Musanze, it is 3.1 years; in Burundi’s capital of Gitega, it is 2.5 years; in Mezam, Cameroon, residents are losing 4.5 years; and in Bata, Equatorial Guinea, it is 2.6 years.”
Ghana is among the many countries fighting air pollution. The Ghana Environmental Protection Agency introduced a Greater Accra Metropolitan Area (GAMA) Air Quality Management Plan (AQMP) in 2018 with the goal of bringing GAMA in compliance with the country’s air quality standards and maintaining compliance as the area grows economically.
The fight for a cleaner atmosphere persists as Madina Zongo Junction, Agbogbloshie, Makola, Tudu, Oxford Street, Lapaz, and Kaneshie Market are reported as the communities in Accra with the highest levels of air pollution per findings by the Ghana Urban Air Quality Project.
Despite global efforts to improve air quality, some regions continue to struggle with rising pollution levels, driven by factors like urbanization, industrial activities, and deforestation. This environmental crisis demands immediate action, as millions of lives remain at risk if pollution is not effectively tackled.
Air pollution as defined by the World Health Organization (WHO) is the contamination of indoor or outdoor environments by chemical, physical, or biological agents that alter the natural composition of the atmosphere.
People in the most polluted areas breathe air that is six times more contaminated than those in cleaner regions, cutting their life expectancy by an average of 2.7 years.
While many countries have implemented national air quality standards, enforcement and compliance remain major challenges, the report notes.AQLI 2024 report also states that there are 94 countries that have set PM 2.5 standards, but 37 fail to meet their own guidelines. Adding to the alarm, 158 countries have yet to establish any standards
The potential benefits of meeting air quality standards are significant if all countries achieved their goals, the average person in affected regions could gain 1.2 years of life expectancy.
The Ghana Shippers’ Authority (GSA), with assistance from the Ministry of Transport (MoT), has successfully negotiated the release of six Ghanaian cargo trucks that had been held at the Dakola border in Burkina Faso.
In April this year, Burkinabe Customs (Douanes) detained the trucks, suspecting them of carrying prohibited goods from Ghana into Burkina Faso.
In June 2024, the GSA intervened in another case involving 20 trucks transporting unwholesome cargo flagged by Burkinabe authorities. This came after attempts by the Joint Association of Port Transport Unions-Ghana (JAPTU-Ghana) to resolve the matter were unsuccessful.
To address the issue, the GSA and the Ministry of Transport engaged in a series of stakeholder meetings at both the Dakola border and the Tema port. They worked in close collaboration with their Burkinabe counterpart, the Conseil Burkinabe Des Chargeurs (CBC), to secure the trucks’ release.
On August 20, 2024, Frederick Atogiyire, Northern Zonal Manager of the GSA, led a delegation to meet with Dr. Kassoum Traore, Director General of the CBC, and his team to discuss and resolve the matter of the detained trucks.
Group Picture with Staff of the Ghanaian Embassy
Dr. Kassoum Traore explained that, according to Burkinabe law, transporting unwholesome cargo could lead to the confiscation of both the goods and the trucks. He assured the team that an out-of-court settlement had been reached with the shipper, allowing for the quick release of the trucks.
During a media briefing in Tamale, Frederick Atogiyire, Northern Zonal Manager of the Ghana Shippers’ Authority (GSA), announced that Burkinabe Customs had promptly processed the trucks for departure. The trucks resumed their journey to Ouagadougou on August 25, 2024, and returned to Ghana by August 29, 2024.
Mr. Atogiyire expressed his gratitude to the Burkinabe authorities for their efforts in ensuring the trucks’ release.
With support from the Ministry of Transport (MoT), the Ghana Shippers’ Authority (GSA) successfully secured the release of six Ghanaian cargo trucks that had been detained at the Dakola border in Burkina Faso.
The trucks were originally held by Burkinabe Customs in April this year on suspicion of carrying prohibited goods from Ghana into Burkina Faso.
In June 2024, the GSA intervened in the detention of twenty trucks carrying unwholesome cargo, flagged by Burkinabe authorities, after Joint Association of Port Transport Unions-Ghana’s (JAPTU-Ghana) efforts to resolve the issue proved unsuccessful.”
To address the situation, the Ghana Shippers’ Authority (GSA) and the Ministry of Transport engaged in multiple stakeholder meetings at both the Dakola border and Tema port. They worked closely with their Burkinabe counterpart, the Conseil Burkinabe Des Chargeurs (CBC), to secure the release of the detained trucks.
On August 20, 2024, Frederick Atogiyire, Northern Zonal Manager of the GSA, led a delegation to meet with Dr. Kassoum Traore, Director General of the CBC, and his team to discuss the issue of the detained vehicles.
Dr. Traore explained that under Burkinabe law, unwholesome cargo could lead to the seizure of both the goods and the trucks. He informed the team that an out-of-court agreement had been reached with the shipper, clearing the way for the trucks’ swift release.
In a subsequent media briefing held in Tamale, Frederick Atogiyire confirmed that Burkinabe Customs had processed the trucks for departure, allowing them to continue their journey to Ouagadougou on August 25, 2024, and return to Ghana by August 29, 2024.
Mr. Atogiyire expressed his appreciation for the Burkinabe Authorities’ concerted efforts in facilitating the trucks’ release.
The Bank of Ghana’s latest Monetary Policy Report reveals that the banking sector’s total assets surged to GH¢323.2 billion by June 2024, marking a 33.3 percent increase from the previous year. This growth is a substantial rise compared to the 21.2 percent increase recorded in June 2023.
The report attributes this significant expansion in assets to a robust growth in deposits and the depreciation of the Ghana cedi.
“Foreign assets grew by 57.6 percent in June 2024, compared to 74.5 percent in June 2023, while domestic assets grew by 31.0 percent in June 2024, up from 17.8 percent growth same period last year”, it said.
The report indicates that the proportion of foreign assets within the total assets rose to 10.2 percent, up from 8.6 percent, while the share of domestic assets fell to 89.8 percent from 91.4 percent in June 2023.
“Investments grew by 19.2 percent to GH¢107.2 billion in June 2024, up from a growth of 11.0 percent in June 2023, due to a significant growth in both short-term and long-term instruments”.
It pointed out that the growth in investments reflected a 7.3 percent growth in short-term bills, from a growth of 149.6 percent in June 2023, while long-term investments (securities) also grew by 28.6 percent in June 2024, having contracted by 23.2 percent in June 2023.
The mixed growth in both bills and securities investments culminated in a reduced share of investments in total assets to 33.2 percent in June 2024, from 37.1 percent in June 2023. Gross loans and advances rose by 15.6 percent to GH¢84.5 billion in June 2024, relative to a 15.4 percent growth in June 2023. Growth in net loans and advances (gross loans adjusted for provisions and interest in suspense) also moderated to 10.3 percent, from 11.3 percent during the same period last year.
The report stated that the higher growth in assets was funded by increases in deposits and other funding sources. Deposits remained the main source of funding for the banking sector, accounting for 76.1 percent share of total assets in June 2024, from 77.4 percent in June 2023.
Deposits improved by 31.1 percent to GH¢245.9 billion in June 2024, as against 42.8 percent growth recorded in June 2023.
“The foreign currency component of deposits grew by 29.8 percent to GH¢81.2 billion in June 2024, relative to a growth of 62.5 percent in June 2023, suggesting some currency depreciation effect on the overall growth in total deposits”.
According to report, borrowings also picked up by 44.4 percent to GH¢23.2 billion in June 2024, up from 39.1 percent contraction recorded in June 2023.
“The growth in borrowings reflected an uptick in both short-term foreign and domestic borrowings while long-term domestic and foreign borrowings contracted”.
“Short-term domestic borrowings of GH¢15.2 billion at end-June 2024 suggested a growth of 83.0 percent, relative to a contraction of 33.6 percent recorded in June 2023”, it added.
Long-term domestic borrowing, however, contracted by 17.6 percent in June 2024, down from a growth of 45.1 percent during the same period in 2023. Short-term foreign borrowings grew by 33.2 percent, after contracting by 75.7 percent in June 2023, while long-term foreign borrowings contracted by 2.5 percent, from the 16.2 percent contraction registered in June 2023.
Three chainsaw operators have been brought before the Fiapre Circuit Court in Sunyani West for unlawfully cutting down 45 Cidrella trees worth GH¢46,250 in the Amama Forest Reserve in the Bono Region.
The defendants—Prince Owusu, 38, from Abesim; Ransford Solomon, 36, from Benu Nkwanta; and Johnson Berko, 20, from Kyiridua, all within the Sunyani Municipality—pleaded not guilty to charges of trespassing in a forest reserve and logging without a Timber Utilisation Contract, in violation of section 23(1) of the Timber Resource Management Act 2002 (Act 617).
The court, presided over by Akua Adoma Addae, has adjourned the case to September 27, 2024, for a case management conference. Another suspect, known only as Ebenezer, remains at large.
Chief Inspector Eric Agyenim Boateng, who is prosecuting, informed the court that Eugene Kwabena Opoku, the Sunyani Forest Range Manager, was the complainant. On August 29, 2024, at approximately 0900 hours, Opoku and his team were patrolling the Amama Forest Reserve near Atronie and discovered the accused in the act.
Boateng reported that the team followed the sound of a chainsaw and found that the accused had felled 45 Cidrella trees and turned them into lumber. The team arrested the suspects, seized their chainsaw, and handed both the individuals and the equipment over to the police. During interrogation, the accused admitted to entering the reserve and harvesting the trees.
Francis Brobbey, the District Manager of the Sunyani Forest District, expressed concern after the hearing about the increasing illegal logging and other detrimental activities depleting the forest. He warned that without intervention, the goals of the government’s Green Ghana Initiative could be undermined. Brobbey emphasized the need for collective action to safeguard the nation’s forest reserves and called for enhanced surveillance and monitoring to curb illegal activities in the Amama reserve.
The Electricity Company of Ghana (ECG) has expressed regret for any disruptions caused by its current initiative to replace outdated meters with smart meters.
The company has acknowledged encountering some difficulties during the transition and is asking for Ghanaians’ patience as it strives to improve efficiency in power distribution.
Miss Mary Opong Eshun, the Public Relations Officer for Accra East ECG, issued the apology during an interview on the Ghana Yensom morning show, hosted by Otafrigya Kayire Kwesi Apea-Apreku and Odehyeeba Kofi Essuman, on Accra 100.5 FM on Wednesday, September 4, 2024.
Ms. Eshun explained that this initiative is focused on removing meters that have surpassed their ten-year lifespan and are no longer functioning effectively.
“Some of these expired meters have become inefficient over the years, necessitating their replacement,” she explained.
She reassured customers that the rollout of smart meters is aimed at improving electricity management rather than exploiting them.
She detailed that when ECG staff replace old meters with new smart meters, they document all relevant information. Existing credit is transferred to the new meter, and any outstanding balances are also carried over.
Ms. Eshun noted that the smart meters can be controlled remotely via the ECG app, which should help decrease the long wait times commonly experienced at vending locations.
She also advised customers to inspect their property’s earthing and wiring if they find that their credit depletes faster than usual on the new meters.
“Some properties have outdated wiring systems or damaged earthing, which can lead to faster credit consumption,” she noted.
Ms Eshun called on customers to report any challenges they encountered as a result of the exercise for prompt resolution.
Assistant Director of Cybercrime Operations at INTERPOL, Enrique Hernandez Gonzalez, has revealed a sharp rise in cybercrime across Africa.
He highlighted that this increase poses a significant global threat.
Addressing the 2024 Regional Cyber Drill for Africa in Accra on Wednesday, September 4, 2024, Gonzalez noted that prevalent cybercrimes in the region include online scams, digital extortion, and ransomware.
Gonzalez emphasized INTERPOL’s commitment to collaborating with various organizations and security agencies to combat these malicious activities carried out by certain individuals on the continent.
“Cybercrime has significantly increased in Africa, becoming one of the major threats in the whole region. Following the results published in the recent Africa Cybercrime Threat Assessment published by INTERPOL in April 2024 with input from our member countries and the private sector, the most common types of cybercrime we have seen are ransomware and digital extortion, businesses being compromised, and online scams. That is why these are the three main types of cybercrime that from INTERPOL’s side…will be focused on,” Enrique Hernandez Gonzalez said.
In Ghana, online fraud resulted in a loss of over GH¢2 million from January to March 2024. During this period, the Cyber Security Authority recorded 194 online fraud cases, amounting to approximately GH¢2,404,161 in total losses.
Mr. Gonzalez stated that INTERPOL is prepared to address cybercrime with effective strategies and to develop long-term solutions customized to the specific needs of each country.
INTERPOL has reported a significant rise in cybercrime across the continent.
Media personality Deloris Frimpong Manso, widely known as Delay, has announced her exciting foray into the music industry with the launch of her own record label.
Known for her influential work in media and film, Delay is now turning her attention to nurturing emerging musical talent.
In a recent social media post, Delay shared her decision to start the record label and invited her fans to be part of the process by helping choose its name.
She also revealed that she has already signed her first artist, marking the beginning of this new venture.
Her post excitedly stated, “I’m starting a record label. I got my first talent. What should I call the record label?”
This move is aimed at supporting young artists and helping them develop their skills into commercially successful careers.
Recent data from the Air Quality Life Index (AQLI) underscores the significant toll air pollution takes on global life expectancy, even though there was a slight decline in pollution levels in 2022.
If fine particulate matter (PM2.5) adhered to the World Health Organization’s (WHO) recommended guidelines, the average person could extend their lifespan by nearly two years, potentially saving 14.9 billion life-years across the globe.
The Global Toll of Air Pollution
Air pollution, especially from PM2.5 particles, is the leading external threat to human health, exceeding the risks posed by smoking, alcohol, traffic accidents, and HIV/AIDS.
According to data from the University of Chicago’s AQLI, individuals living in heavily polluted areas have a life expectancy that is 2.7 years shorter than those in cleaner surroundings. In 2021, air pollution was responsible for 8.1 million deaths worldwide, translating to about 22,192 deaths each day. Tragically, a child dies every minute due to air pollution.
Ghana’s Air Quality Crisis
Air pollution poses a serious problem in Ghana, having claimed 28,000 lives in 2019, which is more than the number of deaths from malaria, HIV/AIDS, and tuberculosis combined. The country grapples with major pollution sources, including industrial emissions, waste burning, and an aging public transportation fleet.
Upper Respiratory Tract Infections (URTI) remain the top health issue, with the Ayawaso West Municipality alone reporting 25,700 cases in 2023—almost twice the number reported in 2021.
Michael Greenstone, the creator of the AQLI and a professor at the University of Chicago, highlighted that while air pollution is a global concern, its impact is particularly severe in certain regions.
“In some places, people lose as much as six years of life due to air pollution,” he said. He also highlighted that the worst-affected areas often suffer from a lack of ambition in setting and enforcing pollution control policies.
Air Quality Standards and Monitoring Gaps
Among 252 countries and territories, 94 have established national pollution standards, yet 37 of these do not comply with them.
Over half of the countries do not have any pollution standards in place, and most of those without standards neither monitor air quality nor make pollution data publicly available. This lack of data obstructs the implementation of effective pollution control strategies.
Efforts to Combat Air Pollution
The Clean Air Fund, a global initiative, has been active in Ghana, investing over $700,000 in 2023 to combat air pollution. Accra recently joined the Breathe Cities Initiative to reduce air pollution and carbon emissions by 30% and improve public health. Desmond Appiah, Country Lead of the Clean Air Fund, highlighted the urgent need for local research to link pollution levels to health outcomes more effectively.
Regional Insights
In the Middle East and North Africa, pollution rose by 13% in 2022, cutting life expectancy by up to 4 years in some areas. In Central and West Africa, air pollution is as deadly as HIV/AIDS, malaria, and unsafe water, reducing life expectancy by up to 5 years in the most polluted regions.
Key Findings from the AQLI 2024 Report
The effects of PM2.5 on life expectancy are on par with the risks of smoking and far exceed the dangers posed by alcohol consumption, road accidents, and HIV/AIDS.
Around 77% of nations either have no national pollution regulations or do not comply with the existing standards.
In Central and West Africa, air pollution poses a health threat comparable to the most severe diseases in the area.
While countries like China have made strides, extending life expectancy by two years through pollution control, many regions still face inadequate pollution monitoring and enforcement, endangering millions of lives.
Tackling air pollution is a crucial global health issue that demands immediate and coordinated action to protect lives and enhance public health.
Staff groups of the Volta River Authority (VRA) have strongly opposed a draft bill proposing the merger of VRA with the Bui Power Authority, warning that such a move could pose a significant threat to the security of the country’s energy supply.
The bill, currently under consideration, also includes provisions to consolidate the Electricity Company of Ghana (ECG) with the Northern Electricity Distribution Company (NEDCo) and to create a separate Thermal Power Authority by extracting VRA’s thermal plants from its portfolio.
However, VRA workers are alarmed by these proposed changes, emphasizing that “the Volta River Authority was built for the people and not the highest bidder.” They argue that the mergers would weaken VRA’s ability to sustain the national grid and deliver reliable power to Ghanaians.
A major concern raised by the workers is the potential impact on the existing relationship between VRA and NEDCo. According to the staff, an expired Memorandum of Understanding (MOU) between the two entities ensured VRA’s continued support in providing power and expanding infrastructure for NEDCo. Despite the need for renewal, VRA management has shown little interest in extending the agreement, leaving workers concerned about the future.
Additionally, the hydroelectric dams, critical assets of VRA, are not the only resources considered for amalgamation under the new bill. Other reforms being pushed by the Ministry of Energy include the creation of a Ghana Thermal Authority, a Ghana Hydro Authority, a Ghana Power Distribution Authority, a Ghana Nuclear Power Corporation, and a Ghana Energy Regulatory Authority.
In a statement issued on Wednesday, VRA staff groups argued that these reforms would not only undermine VRA’s contributions to the national energy grid but could also jeopardize the country’s energy security. They expressed fears that the separation of NEDCo from VRA could disrupt consistent power supply in the northern regions and negatively affect VRA’s financial health, particularly given ECG’s inconsistent payments to VRA.
The workers went further to accuse the government of attempting to privatize VRA’s assets, stating, “We see this attempt as a grand scheme to sell VRA assets to cronies.”
The staff also recalled assurances given by the VRA Board Chairman in May 2024 that there were no plans to privatize the Authority’s thermal assets, a promise that now appears uncertain.
The VRA workers pledged to resist the proposed reforms, warning that they would use all legal means available to prevent what they see as an attack on affordable electricity and energy security in Ghana.
“The Staff of VRA, with the support of Ghanaians, shall fearlessly resist and use all legitimate means at our disposal to ensure that the people of Ghana are not robbed of affordable electric power and energy security under the guise of mergers and privatization,” the statement concluded.
As the debate over the proposed mergers continues, the future of VRA, and its role in Ghana’s energy landscape, hangs in the balance.
The founder and CEO of the Sunyani-based Global Media Foundation (GloMeF), an anti-corruption NGO, Raphael Godlove Ahenu, has voiced concern over the low nationwide coverage of the Hepatitis B Birth Dose (HepB-BD) vaccination among newborns.
Mr Ahenu cited World Health Organisation data revealing that despite the global availability of an effective vaccine, only around 16 percent of babies in Ghana receive it within the first 24 hours of birth.
This low coverage is due to several factors, including a lack of public awareness, limited availability and access to the vaccine, and the absence of HepB-BD in routine immunization programs.
Ahenu highlighted these issues while launching a new advocacy initiative aimed at boosting awareness and increasing the vaccination rate of HepB-BD in the country.
He called for the inclusion of HepB-BD in the Expanded Programme on Immunization (EPI) to ensure all newborns receive the vaccine within the crucial first 24 hours of life.
The campaign, titled “Hepatitis-Free Ghana,” seeks not only to improve coverage but also to ensure the timely administration of the HepB-BD vaccine nationwide.
This could be achieved through policy reforms, strengthening healthcare provider capabilities, and raising public awareness, ultimately reducing mother-to-child transmission of Hepatitis B and contributing to the eradication of the virus by 2030.
“The absence of a national policy mandating the administration of HepB-BD further exacerbates the situation, leaving many babies at risk of perinatal transmission”, he stated.
Mr Ahenu indicated that advocacy on HepB-BD vaccination was, therefore, critical to address the high rates of the virus infection in the country, saying integrating the inclusion of HepB-BD in the EPI remained essential in ensuring that all newborns were vaccinated within 24 hours of birth.
That would further require a concerted approach and collective engagement of key stakeholders, including the Ministry of Health, Ghana Health Service, healthcare providers, traditional and religious leaders, and civil society organisations in raising awareness, allocation of resources, and prioritisation of the vaccine’s integration into routine immunization schedules.
Mr Clement Boateng, the Country Director, of GLoMeF, said Hepatitis “B” posed a significant threat to public health, saying the viral disease contributed to chronic cancers and related diseases as well as premature death.
He said the virus infection acquired in infancy or early childhood was likely to become chronic, with up to about 90 per cent of infected babies developing lifelong infection.
Preventing Hepatitis “B” infections and transmissions at birth remains crucial for reducing the overall burden of the disease in the country.
Mr Boateng explained that the advocacy campaign would increase public awareness and demand the HepB-BD vaccination, by reaching at least one million people nationwide, including expectant mothers and caregivers, with information about the disease prevention and other benefits of the birth dose.
That would be achieved through organizing community-based forums, screening exercises, mass media outreaches, church-to-church activities, school education and partnerships with local organizations.
The Ghana Partnership Against Hepatitis (GPAH), a consortium of local organizations across the 16 regions of the country is implementing the advocacy campaign, Mr Boateng added.
Member of Parliament representing the Sekondi Constituency, Andrew Egyapa Mercer, has defended the government’s proposed legislation to consolidate the Volta River Authority (VRA) and the Bui Power Authority (BPA).
He stated that combining the two authorities is an essential step.
In a discussion on Joy FM’s Top Story on Tuesday, September 3, Mr. Mercer clarified that the merger into a single entity, the ‘Ghana Hydrological Authority,’ aims to optimize and unify the operations of both organizations.
“At this point, the policy is to delink the thermal assets of VRA and let them focus on hydro, which was the objective of setting it up in the first place—to manage all the assets in the Volta River. That is why they have custody of Kpong because Kpong was done subsequent to Akosombo,” he stated.
His remarks are in reaction to strong criticism from Ibrahim Ahmed, the First Deputy Minority Whip in Parliament, who described the proposed merger as a form of “state capture.”
Mr. Ahmed contended that the government’s initiative to unify thermal plants under a Ghana Thermal Authority and hydro plants under a Ghana Hydro Authority would disadvantage the Bui Power Authority.
He also voiced apprehensions that putting these entities on the Ghana Stock Exchange might be a strategy to enable politically connected individuals to gain control of state assets.
In contrast, Mr. Egyapa Mercer dismissed these allegations, challenging the rationale behind Ahmed’s objections.
“Does it require splitting the assets into two before? It is a complete ruse, a red herring with no basis whatsoever for that assertion,” he stated.
Parliament has sanctioned a $250 million loan agreement with the World Bank to aid the Ghana Energy Sector Recovery Programme.
Previously rejected prior to the parliamentary break, the agreement was a major factor behind the recall of Parliament for an urgent two-day session.
The loan is aimed at supporting initiatives to stabilize and rejuvenate Ghana’s energy sector, tackling persistent financial issues, and ensuring a consistent supply of electricity to homes and businesses nationwide.
During discussions, the Minority raised significant concerns, particularly regarding a $90 million consultancy fee included in the loan agreement.
They contended that the fee was excessively high and warranted additional examination before any approval could be considered.
Nevertheless, the loan was eventually authorized, with the Majority stressing the immediate necessity for funding to address pressing problems within the energy sector.
They underlined that the recovery programme is crucial for maintaining energy supply, reducing debt, and fostering economic development.
The Precious Minerals Marketing Company (PMMC) is encouraging the purchase of gold jewellery, promoting it as a dependable store of value.
According to PMMC, the value of such jewellery appreciates over time, offering a potential financial cushion during economic challenges.
Speaking to Citi Business News at the opening of PMMC Jewellery Limited’s new shop at the Marina Mall along Spintex Road, Managing Director Nana Akwasi Awuah emphasised that despite fluctuations in the price of gold, investment in gold jewellery is financially rewarding.
He was responding to a question on the increase in gold prices in the recent past and the rippling effect on local jewellers.
“While a jeweller or a manufacturer who is sourcing gold to do jewellery may complain about the rising cost of gold, it will interest you to know that somebody who buys gold as an investment will be happy when they see gold prices going up. It is a fair balance.
“You will need to be able to predict the prices of gold so that you will know when to buy to do your production and when to hold on till prices drop. For those who continue to buy as an investment, they are very happy when they see it [going up].
“I know of people who come here every month. They are with GHȼ1000, GHȼ2,000, GHȼ2,500….what they do is that they come and buy a piece of jewellery and they keep saving. Incidentally, they are the mothers. It is the mothers we find doing that but we want to encourage everyone….mothers, fathers, men, women, young men, young women please invest in gold jewellery and you will be very happy 10,15, 20 years down the line.
“What you bought today at GHȼ5,000 will turn out to be about GHȼ50,000 5-10 years down the line,” Nana Akwasi Awuah said.
