Author: Constance Awunor
Constance Awunor specializes in business, finance and economic developments across Ghana and beyond. She focuses on market trends, entrepreneurship and policies affecting young professionals and emerging industries. Her writing simplifies complex financial topics, empowering readers to stay informed and make smarter decisions. Constance graduated from University of Cape Coast with a degree in Communication Studies. Connect with her at constance@yocharley.com
The Ghana Football Association (GFA) is set to receive $12.5 million from FIFA to support Ghana’s participation in the 2026 World Cup. The amount includes $2.5 million in preparation funds for the Black Stars. This marks a $1 million increase from the previous $1.5 million allocated to teams for tournament preparation. Ghana will also receive $10 million for qualifying for the competition. This is an increase from the $9 million paid during the last World Cup. FIFA confirmed that it has raised the total prize money for the 2026 tournament to $871 million. The increase follows the commercial success of…
Fuel prices in Ghana are expected to see mixed changes in the first pricing window of May, with petrol and diesel projected to drop slightly, while LPG prices rise sharply. According to the Chamber of Oil Marketing Companies (COMAC), petrol prices could fall by 0.51 percent, while diesel may drop by 6.77 percent. In contrast, LPG is expected to increase by 10.41 percent. The projected decline in petrol and diesel prices is linked to lower international benchmark prices. It also reflects the impact of ongoing government and industry measures aimed at reducing the burden on consumers. However, LPG prices are…
The Member of Parliament for Ofoase-Ayirebi, Kojo Oppong Nkrumah, has commissioned a new school block at Abenase Methodist School. This marks the ninth school facility he has delivered in the constituency since 2017. The project forms part of efforts to improve access to quality education in Ofoase-Ayirebi Constituency. The area has long faced development challenges, with education seen as a key driver of social mobility. Speaking at the event, the MP said education has played a major role in transforming lives in the constituency. He shared his personal story, noting that his own progress was made possible through education. He…
A 2020 champion of the National Science and Mathematics Quiz, Odadeɛ Benjamin Nketsiah, has received international recognition for developing an AI-powered project that detects triple-negative breast cancer. His innovation, titled “She’s Strong,” earned an award at Michigan State University. Participants in the competition submitted three-minute videos explaining their projects to a panel of judges. As part of the recognition, Nketsiah received $1,000, which was credited to his tuition account. The project builds on ongoing efforts to improve early detection and treatment of breast cancer. It focuses on helping patients receive timely care, especially in regions where the disease is highly…
The Ghana National Fire Service (GNFS) has urged the public to handle electrical appliances with care to prevent fire outbreaks, especially during ongoing power outages. The Greater Accra Regional Command issued the warning as parts of Accra continue to experience intermittent electricity supply. The situation follows a recent fire incident at a substation operated by the Ghana Grid Company in Akosombo. Authorities say unstable power supply increases the risk of fire incidents. This is particularly likely when electricity is suddenly restored after an outage. Speaking to Citi News, Greater Accra Regional Fire Officer, Rashid Kwame Nisawu, advised residents to remain…
The Deputy Minister of Defence, Ernest Brogya Genfi, has dismissed reports claiming that military lands have been handed over to Ibrahim Mahama for development. In a Facebook post on Wednesday, April 29, 2026, he described the claims as “false and malicious,” stressing that no such arrangement exists. He stated clearly that the reports suggesting the President’s brother had been given military land are completely untrue. Mr Genfi explained that the project being discussed is a redevelopment initiative by the Ghana Armed Forces. The project aims to replace old and deteriorating infrastructure at Burma Camp, much of which dates back to…
Ghana’s banking sector is showing renewed strength, with total industry assets rising to GH¢465.4 billion as of February 2026. According to the latest report by the Bank of Ghana, the growth reflects improved balance sheet resilience and stronger confidence in the financial system. The sector recorded a 21 percent year-on-year increase in total assets. Although this marks a slower pace compared to the previous year, it points to a more stable and sustainable growth trend. This expansion is largely driven by strong domestic asset growth and better funding conditions. Domestic assets now dominate the sector, accounting for 93.8 percent of…
South Africa emerged as Ghana’s top export destination within Africa in the fourth quarter of 2025, accounting for a dominant share of the country’s trade on the continent. According to the latest International Trade Statistical Newsletter released by the Ghana Statistical Service, Ghana exported goods worth GH₵12.1 billion to South Africa, representing 63.8 percent of its total exports to Africa during the period. The report highlights a strong concentration of Ghana’s exports among a handful of regional partners. The top five destinations are South Africa, Burkina Faso, Nigeria, Côte d’Ivoire, and Togo together accounted for more than 91 percent of…
The Ministry of Food and Agriculture (MOFA) has unveiled plans for its 2026 Internal Audit Awareness Month, an initiative aimed at promoting transparency, accountability, and trust within Ghana’s agricultural sector. The week-long programme will run from May 11 to May 16, 2026, under the theme “Cultivating Integrity, Harvesting Trust: Internal Audit as the Backbone of Sustainable Agriculture.” It is being organised by the Ministry’s Internal Audit Unit. According to MOFA, the initiative is designed to highlight the importance of internal auditing in protecting public funds, improving operational efficiency, and supporting national food security efforts. The event will officially open on…
Ghana’s electricity generation has received a welcome boost following the successful restoration of a fourth unit at the Akosombo Dam. Energy Minister John Abdulai Jinapor confirmed the development in a brief update on Tuesday night, announcing that the unit was brought back into operation at exactly 9:09 pm. He described the achievement as a significant step toward strengthening the country’s power generation capacity. The restoration comes at a critical time when the national power system has been under pressure. In recent weeks, parts of Accra and other areas have experienced intermittent outages, largely attributed to technical challenges and increasing electricity…