Author: Political Desk

Former Finance Minister, Mohammed Amin Adam, has claimed that the financial position of the Bank of Ghana in 2025 was significantly weaker than officially reported, arguing that proceeds from gold sales were used to cushion the impact of heavy operational losses. In a detailed Facebook post on Friday, May 1, the Karaga MP argued that the central bank’s reported GHS15.6 billion net loss did not fully reflect its underlying financial challenges because gains from the sale of gold reserves were recognised as income. Dr Amin Adam stated that the Bank reportedly sold about 18 tonnes of gold reserves, generating around…

Former Finance Minister and Member of Parliament for Karaga, Mohammed Amin Adam, has alleged that the Bank of Ghana used proceeds from gold sales to mask the true extent of its financial losses in 2025. In a Facebook post on Friday, May 1, Dr Amin Adam claimed the central bank’s reported net loss of GHS15.6 billion would have been significantly higher if gains from gold sales had not been recognised in its profit and loss account. According to him, the Bank reportedly sold about 18 tonnes of Ghana’s gold reserves accumulated under the previous New Patriotic Party administration, generating approximately…

An artisanal fisherman in charge of the Tema Manhean Landing Beach, Yasser Arafat-Ali, has appealed to the government to deploy military personnel on board industrial fishing vessels to strengthen enforcement against illegal fishing practices at sea. He made the appeal at the Tema Canoe Basin in Tema Newtown when the Minister for Fisheries and Aquaculture, Emelia Arthur, announced the 2026 fishing closed season schedule. According to him, weak enforcement has allowed destructive fishing practices by some industrial operators to continue, leading to the rapid depletion of fish stocks and threatening the sustainability of the sector. Mr Arafat-Ali noted that although…

Member of Parliament for Tano North, Gideon Boako, says recent financial disclosures by the Bank of Ghana have vindicated his earlier warnings about the central bank’s exposure to losses linked to the Ghana Gold Board (GoldBod) programme. The Bank of Ghana’s 2025 audited financial statements, released on Thursday, April 30, reportedly showed operational losses exceeding GH¢15.6 billion after the central bank secured an extension to its statutory reporting deadline from Finance Minister Cassiel Ato Forson. Dr Boako, who also serves on Parliament’s Finance Committee, had argued in January 2026 that the central bank’s audited accounts would reveal losses beyond the…

Ghana Cocoa Board (COCOBOD) has charged some officials at licensed buying companies with using government funds to buy cheap cocoa beans smuggled from Ivory Coast. According to the Director of Special Services at COCOBOD, Jake Kudjo Semahar, the practice is depriving local growers of income and jeopardising Ghana’s reputation for quality cocoa. He explained to Reuters that the issue had spread across four regions along the Ghana-Ivory Coast border. This marks a reversal from earlier smuggling patterns, when Ghanaian beans were trafficked into Ivory Coast and Togo. “We were fighting smuggling of Ghana’s cocoa to Ivory Coast; now the reverse…

The Minister for Energy and Green Transition, John Abdulai Jinapor, has announced the full restoration of all power generation units following a major system disruption triggered by a fire at the Akosombo Substation. In a Facebook post on Friday, May 1, the Minister stated that the country’s power system has been stabilised after engineers and emergency teams worked tirelessly to restore operations. According to Jinapor, the restoration was achieved through the dedication and commitment of engineers, technicians, and emergency response teams who worked around the clock under difficult circumstances. He described their efforts as a demonstration of discipline, professionalism, and…

Former Deputy Ranking Member of Parliament’s Gender and Women’s Committee, Seyram Betty Krosbi Mensah has commended and congratulated Ghana’s Member of Parliament for Korle Klottey, Zanetor Agyemang-Rawlings, on her election as the Second Deputy President of the Pan-African Parliament in Johannesburg, South Africa. Zanetor Agyemang-Rawlings secured a resounding victory, polling 131 votes against 51, reflecting the confidence reposed in her leadership and competence by members of the continental body. Seyram Betty Krosbi Mensah noted that this emphatic win not only highlights Zanetor Agyemang-Rawlings’ personal dedication and excellence but also reinforces Ghana’s strong democratic credentials and the high standard of its…

The Chief Executive Officer of the National Youth Authority, Osman Ayariga, has called on young people across the country to rise above complacency and become active agents of transformation in their communities. According to him, leadership should not be reduced to occupying positions or enjoying the prestige associated with titles, but must be defined by impact and a commitment to positive change. He urged the youth to embrace responsibility and contribute meaningfully to national development. Mr Ayariga stressed that the future of Ghana depends largely on the willingness of young people to lead with purpose, innovation and integrity. “Be leaders…

The Member of Parliament for Gushegu, Alhassan Tampuli, has donated motorbikes and mathematical sets to the Municipal Directorates of the Ghana Education Service (GES) and Ghana Health Service (GHS) in the constituency to enhance their operations. The MP, who also serves as the Deputy Ranking Member on Parliament’s Constitutional, Legal and Parliamentary Affairs Committee, presented five motorbikes each to the two institutions at a ceremony held at the Gushegu Community Center on Thursday, April 30. According to him, the gesture was motivated by the need to appreciate the dedication and sacrifices of teachers and health professionals working across the constituency.…

Damang Gold Mine Limited, owned by businessman Ibrahim Mahama, has sold 100% of its first gold output to the Ghana Gold Board (GoldBod) in a move described as historic for the country’s gold sector. The transaction was formalised earlier today, Thursday, April 30, 2026, when a high-level team from the mine, led by Mr. Ibrahim Mahama, presented the gold to officials of the Ghana Gold Board at the GoldBod Assay Laboratory in Accra. Speaking to the media after receiving the consignment, the Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi Esq., commended the Damang Gold Mine for its…