Author: Constance Awunor

Growing concerns are emerging across Africa’s financial sector over the potential risks associated with the rapid expansion of digital lending and mobile finance services, as industry leaders warn that regulation must evolve quickly to protect consumers. With fintech companies, digital banks, and mobile money operators increasingly integrating lending, payments, and banking services, stakeholders say stronger safeguards are needed to prevent hidden charges, weak complaint systems, and rising debt burdens among users. The concerns were highlighted during discussions at the 3i Summit in Accra, where financial industry players examined the challenges linked to app-based lending, embedded credit systems, and the continent’s…

President of Academic City University, Prof. Fred McBagonluri, has raised concerns over the location of the newly opened CM China Mall near Ghana’s international airport, warning that the development poses potential national security risks and raises questions about the country’s sovereignty. According to Prof. McBagonluri, airports are strategic national assets and key entry points into every country, making developments around such facilities a matter of serious security consideration. His comments follow the opening of the new CM China Mall situated opposite Accra Mall in Accra. He questioned how such a major commercial facility could be established close to a sensitive…

Member of Parliament for Dome-Kwabenya, Elikplim Akurugu, made an emotional appeal to the Minister for Roads and Highways and the contractor working on roads within the constituency to urgently fix the deteriorating roads leading to the Ga East Municipal Hospital. The MP went on her knees during a Mother’s Day visit to the hospital, describing the poor state of the roads as a major challenge for patients, health workers and residents who use the route daily. Addressing the gathering, Madam Akurugu passionately appealed for immediate intervention to improve access to the health facility, stressing that the current condition of the…

Residents and stakeholders along the Akatsi-Ohawu corridor in the Akatsi South and Ketu North Municipalities of the Volta Region are calling on the government to urgently rehabilitate the road, describing its deteriorating condition as a major setback to economic growth and agricultural activities. The appeal follows plans by the government to upgrade the Ohawu Agricultural College into a fully-fledged agricultural university. Residents say the project cannot achieve its intended impact without proper road infrastructure. Speaking to the Ghana News Agency, a resident of Dzavega, Mr. Jonathan Datsomor, said the road has become severely damaged, with deep potholes, gullies, and eroded…

Former Black Stars captain Asamoah Gyan has unveiled new initiatives under the Asamoah Gyan Foundation aimed at discovering and developing young football talent across Ghana. The foundation plans to roll out several youth-focused programmes, including football academy projects and a nationwide tournament designed to identify promising players and support their growth. Speaking on Channel One TV’s World Cup Central, Chief Executive Officer of the foundation, Samuel Anim Addo, encouraged parents to involve the foundation early if their children show interest and potential in football. “If you want your kid to make it, come early. We are praying and believing that…

Minority Leader Alexander Afenyo-Markin has accused the Executive Secretary of the Economic and Organised Crime Office (EOCO), Raymond Archer, of centralising power within the anti-corruption agency and operating it as a “one-man institution”. Speaking on JoyNews’ Newsfile programme on Saturday, May 9, Mr. Afenyo-Markin expressed concerns over governance, accountability and institutional balance at EOCO. According to him, recent developments surrounding the agency suggest that too much authority is concentrated in the hands of its leadership. His comments come amid the ongoing legal controversy involving former National Food Buffer Stock Company Chief Executive Officer Abdul-Wahab Hanan and his wife, Faiza Sayyid…

The Electricity Company of Ghana (ECG) has upgraded a transformer at the Ridge Bulk Supply Point (BSP) in the Ashanti Region as part of efforts to improve electricity supply and reliability in the area. Acting Managing Director of ECG, Kwame Kpekpena, said the replacement was fast-tracked with support from the Minister for Energy and Green Transition, John Abdulai Jinapor. According to him, the improvement is expected to enhance stable power delivery across the Ashanti Region and reduce outages experienced by consumers. “I assure our stakeholders that ECG is on course to completing works they promised to complete within three to…

The Government of Ghana has pledged stronger investment in Technical and Vocational Education and Training (TVET) as part of efforts to strengthen skills development and improve employment opportunities for young people. The commitment was made during the launch of the third edition of the Ghana TVET Report at a symposium organised by the Commission for Technical and Vocational Education and Training in Accra. The event brought together policymakers, development partners, academics and industry leaders to discuss the future of technical and vocational education in Ghana. Speaking at the event, Haruna Iddrisu said government remains committed to making TVET a major…

The Second Deputy Governor of the Bank of Ghana, Matilda Asante-Asiedu, has urged female small and medium-scale enterprise (SME) owners to formalise their businesses, build strong financial identities and position themselves for growth beyond Ghana’s borders. Speaking at the Glitz Africa Women CEOs Summit in Accra, Mrs Asante-Asiedu delivered a keynote address on the theme, “Unlocking Finance and Markets for Women-Led Enterprises: Accelerating Trade, Growth and Economic Transformation.” According to her, women currently own 44 per cent of SMEs in Ghana, yet fewer than 10 per cent of women-led businesses are able to access formal credit. She explained that although…

The Ghana Police Service has issued a stern warning to social media content creators engaging in acts that border on criminality, revealing that at least one person has already been arrested for posting a masked video threatening to kill security personnel. Speaking at a press briefing, Grace Ansah Akrofi said the Police Service is increasingly concerned about the misuse of social media platforms to spread fear, misinformation and violent threats under the guise of content creation. According to DCOP Ansah Akrofi, individuals who engage in criminal conduct online will be tracked down and prosecuted. “If you engage in any act,…