Author: Constance Awunor

The Ghana cedi is expected to remain under pressure in June 2026 as strong demand for foreign exchange and high energy prices continue to weigh on the local currency. This is according to IC Insights, an economic research firm, which says current market conditions are likely to keep demand for dollars elevated in the short term. The cedi weakened by 4.6 percent against the US dollar in May 2026. IC Insights attributed the decline to strong foreign exchange demand from businesses and portfolio investors. The firm said demand for dollars far exceeded the amount supplied by the Bank of Ghana…

Five Mozambican nationals have died in xenophobic attacks in South Africa’s coastal town of Mossel Bay, according to the Mozambican government. The deaths mark the first fatalities officially linked to the wave of anti-migrant protests that have spread across parts of South Africa in recent weeks. In a statement issued by the Mozambican government, authorities said seven Mozambican citizens had died during the unrest. Five of the deaths resulted directly from xenophobic attacks, while two others died in a road accident as they travelled back to Mozambique. “Regrettably, seven Mozambican citizens have died, five of them as a direct consequence…

The Tamale High Court has sentenced four men to eight years in prison each for their roles in a kidnapping and ransom case in the Northern Region. The convicts — Haruna Seidu, Osman Sambo, Amadu Aminu and Hoyeefe Amadu — kidnapped a man at Wapuli and demanded money from his family for his release. Northern Regional Police Commander DCOP Wisdom Lavoe announced the convictions at a press briefing in Tamale on Tuesday. He said officers from the Northern Regional Police Intelligence Unit arrested the suspects while they were sharing ransom money at Bokpaba on the Yendi–Bimbilla road. “The accused persons…

President John Dramani Mahama has held high-level bilateral talks with United Kingdom Prime Minister Sir Keir Starmer during an official visit to the UK. The meeting took place over breakfast at No. 10 Downing Street on Tuesday, June 2. It formed part of President Mahama’s engagements aimed at strengthening Ghana’s relations with key international partners. President Mahama and Prime Minister Starmer discussed ways to deepen the long-standing relationship between Ghana and the United Kingdom. The leaders focused on expanding trade and investment opportunities between the two countries. They also explored ways to boost economic cooperation and support shared development goals.…

The Ghana Institution of Engineering (GhIE) has called for urgent reforms to the country’s stormwater management systems, warning that Ghana could face more severe flooding if authorities fail to act. In a policy brief copied to the Ghana News Agency, the institution said existing drainage systems can no longer meet the demands of rapid urban growth, climate change and rising flood risks. GhIE said many of Ghana’s drainage systems were designed to move stormwater away as quickly as possible. However, the institution believes this approach no longer works in modern cities. According to the policy brief, rapid urban expansion, widespread…

Assin South MP Rev. John Ntim Fordjour has alleged that the National Democratic Congress (NDC) Majority in Parliament changed key parts of the recently passed Anti-LGBTQ+ Bill. Speaking on Joy FM’s Super Morning Show, he claimed Parliament removed 22 provisions from the original bill and added 31 new clauses before passing it. He argued that the final version differs from the bill introduced under the previous New Patriotic Party (NPP) administration. Rev. Ntim Fordjour said some members of the NDC considered parts of the original bill unconstitutional and pushed for changes before sending it to the President. “While the president…

The Tema Regional Police Command has arrested a man suspected of transporting large quantities of narcotic substances following an operation along the Tema–Ada road. The suspect, identified as Bismark Kpormeno, was apprehended on Sunday, May 31, 2026, by officers from the Tema Highway Patrol Unit after he allegedly attempted to evade arrest. According to a statement issued by the Police Public Affairs Unit, Kpormeno was driving a Hyundai Mighty II container truck when officers signalled him to stop. However, he allegedly failed to comply and sped off, prompting a pursuit by the police. The chase ended at Bondase, where officers…

The Bank of Ghana (BoG) has strongly denied reports claiming it is considering the sale of its newly constructed $260 million headquarters, describing the publication as false and misleading. In a press release issued on Tuesday, June 2, 2026, the central bank responded to a report published by MyJoyOnline on June 1, 2026, titled “Bank of Ghana considering sale of new $260m headquarters – sources.” According to the Bank, there are no discussions, plans, or considerations underway regarding the sale of the facility. “The Bank is not considering, discussing, or planning the sale of its new headquarters,” the statement said.…

A Court of Appeal has overturned the revocation of GN Savings’ banking licence. Dr Papa Kwesi Nduom says the ruling marks a new dawn for indigenous banking in Ghana. The court delivered its ruling on May 21, 2026. It quashed the Bank of Ghana’s 2019 decision to revoke GN Savings’ licence. It also ordered the immediate restoration of the institution’s licence and assets. Dr. Nduom addressed journalists at Coconut Grove Regency Hotel in Accra on Friday. He said Groupe Nduom’s focus is on rebuilding, not confrontation. “Today is not a time to quarrel, to sow hatred or be negative,” he…

President John Dramani Mahama says Ghana must diversify its economy. He made the call at the 10th Ghana CEO Summit in Accra. The President said the country needs a strong and competitive industrial sector. He also called for the use of Artificial Intelligence and emerging technologies to drive economic growth. Mahama outlined several key priorities for his administration. These include infrastructure development under the “Big Push” programme. The government also plans to invest in energy and communications. Other priorities are the 24-hour economy initiative, the Accelerated Export Agenda, and modernising agriculture. The government also wants to promote value addition for…