Author: Constance Awunor

The Bank of Ghana (BoG) has directed all regulated financial institutions to immediately cease supporting unauthorised foreign currency wallet services offered by certain cryptocurrency platforms to users in Ghana. In a statement, the central bank expressed concern over the growing operation of fiat currency wallet arrangements, particularly those denominated in foreign currencies such as the United States Dollar (USD), by some crypto platforms. These services are reportedly funded through bank transfers, payment cards and other payment channels facilitated by regulated financial institutions. The directive applies to banks, Specialised Deposit-Taking Institutions, Electronic Money Issuers, Payment Service Providers and other regulated entities…

The Student Loan Trust Fund (SLTF) has issued a strong warning to loan beneficiaries who have completed their studies but continue to default on repayments, insisting that unemployment is not a valid excuse for failing to honour their obligations. According to the Fund’s Head of Repayment and Recovery, Rosemary Aryee, many graduates who claim they cannot repay their loans often maintain lifestyles that suggest otherwise. “We do know that some of the phones that our beneficiaries carry are more expensive than the loan amount that they are expected to pay,” she said. “And so we don’t take kindly to statements…

France captain Kylian Mbappe has pledged to improve his defensive contribution as Les Bleus prepare for their opening match of the 2026 FIFA World Cup against Senegal on Tuesday. The 27-year-old Real Madrid forward has faced criticism in recent months over both his performances and leadership for club and country. However, teammate Ousmane Dembele recently defended him, saying some of the criticism had gone too far. In an interview with French newspaper La Parisien, Mbappe responded to questions from friends and teammates about his game. During the discussion, his younger brother Ethan Mbappe jokingly raised concerns about his defensive work.…

FIFA is seeking an explanation from video assistant referee Shaun Evans after a hand gesture he made before Germany’s World Cup match against Curacao sparked debate online. The incident happened during FIFA’s pre-match broadcast on Sunday. The governing body has not yet issued a public statement. However, reports suggest FIFA has asked the Australian official to explain the gesture. Gesture Draws Attention Online Before kick-off, FIFA introduced the match officials as part of its television coverage. The broadcast then switched to the VAR hub in Dallas, where video officials were preparing for the match. During the segment, Evans briefly formed…

Finance Minister Dr Cassiel Ato Forson has called for a major transformation of the cocoa sector. He said the industry must become more resilient, prosperous and profitable for farmers in Ghana and Côte d’Ivoire. Dr Forson made the call while chairing the 7th Steering Committee Meeting of the Côte d’Ivoire-Ghana Cocoa Initiative in Abidjan. Stronger Partnership Needed According to the Finance Minister, closer cooperation between Ghana and Côte d’Ivoire is essential for the future of the cocoa industry. “The cocoa sector deserves to be transformed into one that is more resilient, prosperous and profitable for the benefit of both our…

President John Mahama has formally accepted the resignation of former Chief Justice Sophia Akuffo from the Council of State, bringing to an end months of consultations over her decision to step down. The announcement came from Government Spokesperson Felix Kwakye Ofosu on Monday, June 15. He also confirmed that the process to appoint a replacement has already begun. Resignation Submitted in 2025 According to Mr Kwakye Ofosu, Justice Akuffo submitted her resignation letter to the President in September 2025. He said the former Chief Justice informed the President of her decision to leave the Council of State but did not…

Senior Manager for Real Estate Financing at Absa Bank Ghana, Nana Kwadwo Boakye-Akyeampong, has urged Ghana to accelerate the development of cities beyond Accra to boost the country’s ability to attract investment and skilled talent. Speaking at a roundtable discussion during the 2026 Citi Business Festival, he said cities across West Africa are competing for capital, businesses and professionals. Therefore, Ghana must strengthen its urban infrastructure to remain competitive. The discussion was held under the theme, “Building Competitive Cities: Infrastructure, Innovation and Investment for Sustainable Economic Growth.” Accra Faces Regional Competition Mr Boakye-Akyeampong said Accra should not be viewed in…

The Government of Ghana has repatriated 327 Ghanaian nationals who were left stranded in Côte d’Ivoire following a demolition exercise in Port Bouët, a municipality in Abidjan. According to a statement issued by the Ministry of Foreign Affairs on June 12, 2026, the affected Ghanaians were residing in areas impacted by an ongoing demolition exercise carried out by local authorities in Port Bouët. The Ministry said the exercise displaced hundreds of residents, leaving many Ghanaians without shelter, livelihoods and the means to secure alternative accommodation. The Ministry disclosed that 228 Ghanaian nationals had already been successfully repatriated and arrived in…

Global pop superstar Taylor Swift delivered an emotional tribute to her family as she became the youngest woman ever inducted into the Songwriters Hall of Fame. The 36-year-old singer fought back tears during a 21-minute acceptance speech in New York, reflecting on the sacrifices her family made to help launch her career. Swift recalled how her parents moved the family from Pennsylvania to Nashville when she was just 14 years old so she could pursue songwriting in the heart of the country music industry. “It couldn’t have been easy for my parents and my brother to just pick up and…

Thailand’s Princess Bajrakitiyabha, the eldest child of King Vajiralongkorn, has died at the age of 47 after spending more than three years in a coma, the royal household announced on Friday. The princess had been receiving intensive medical care since December 2022, when she collapsed while exercising her dogs. Doctors later attributed the incident to a severe cardiac arrhythmia caused by a mycoplasma infection that affected her heart. In a statement, the palace said the medical team had provided the highest level of care possible, but her condition continued to deteriorate. She died on Thursday evening at Chulalongkorn Hospital. Her…