Author: Constance Awunor

Ghana’s flagship One District One Factory (1D1F) programme is facing fresh scrutiny after an arrears audit uncovered what officials say is a fictitious debt of GH¢89.4 million tied to the initiative. The findings were presented to Parliament of Ghana on Monday, March 10, 2026. Deputy Finance Minister Thomas Nyarko Ampem delivered the statement on behalf of Finance Minister Cassiel Ato Forson. According to the statement, the former Ministry of Trade and Industry in 2024 requested the release of GH¢89.4 million to five commercial banks. The funds were supposed to cover the government’s share of interest payments under the 1D1F programme.…

Ghana’s external debt took a big dip, dropping by GH¢86.7 billion from GH¢416.8 billion in December 2024 to GH¢330.2 billion in November 2025, according to the Bank of Ghana’s Monetary Policy Report. That’s roughly 6% of the country’s GDP! The main reason? The cedi got stronger, which automatically shrank the external debt by GH¢100.8 billion (about 8% of GDP) when converted to local currency. On the home front, domestic debt went up a little, from GH¢309.8 billion to GH¢314.5 billion. This was part of a controlled strategy to align domestic financing with the 2025 budget. All this added up to…

The Driver and Vehicle Licensing Authority (DVLA) has issued a clarification regarding media reports that suggested it would deploy its local staff to foreign embassies to deliver driver licensing services. In a statement dated February 26, 2026, the Authority stressed that the initiative does not involve sending DVLA personnel abroad. It explained that, contrary to some headlines, no domestic staff would be stationed at embassies in the selected countries. According to the DVLA, it has collaborated with Ghana’s Ministry of Foreign Affairs to roll out International Driver’s Permit processing and Driver’s Licence renewal services for Ghanaians living abroad. The programme…

The Public Utilities Regulatory Commission (PURC) has called for an urgent meeting with the Electricity Company of Ghana (ECG) over widespread media reports and public complaints alleging rapid depletion of prepaid electricity units. The concerns come in the wake of the latest tariff changes introduced under the Multi-Year Tariff Order (MYTO). Many consumers across the country have taken to the media to question why purchased prepaid units appear to be depleting faster than usual. In response, the Commission announced that it has invited ECG’s Managing Director to attend a meeting scheduled for Thursday, February 26, 2026, at 12:00 noon at…

Building construction inflation in Ghana continued to ease at the beginning of 2026, falling to 3.9 percent in January from 4.4 percent in December 2025, according to new figures released by the Ghana Statistical Service (GSS). Data from the Prime Building Cost Index (PBCI) indicate that although year-on-year inflation in the sector is slowing, monthly cost increases remain evident. The index, which tracks changes in the prices of construction materials, labour, and equipment, rose to 132.4 in January 2026 from 127.4 in January 2025. The latest reading marks the ninth straight month of declining annual construction inflation. Despite the moderation…

The Ghana Police Service has apprehended six students from Aggrey Memorial Senior High School following a violent assault on a final-year student of Adisadel College. On Friday, February 20, 2026, at approximately 3:30 p.m., the victim, identified as Rexford Owusu-Ansah, was returning to campus with two friends after the final day of sports activities at the Cape Coast Stadium. According to police reports, the group was intercepted at Pedu Junction by the suspects. The attackers allegedly stopped the trio to confirm their affiliation with Adisadel College before launching a targeted assault. While Owusu-Ansah’s friends managed to escape the scene, he…

Ghana has made a remarkable debut at the ICC International Commercial Mediation Competition, with the University of Ghana Law School proudly representing the country for the first time at the prestigious global event. The team Lilyan Boamah, Senam King, Pomaa Oppong Bediako, and Edward Adeabah, under the guidance of lecturer Rachel Haizel, coach Emmanuella Naa Ashardey Ashely, and mentor Nahum Agyepong, competed in the 21st edition of the competition. They earned the distinguished Award of Achievement: Distinction for Acknowledgement of Cultural Differences. Organised annually by the International Chamber of Commerce (ICC), the competition is the institution’s largest educational event. Held…

The Office of the Special Prosecutor (OSP) has initiated investigations into an alleged corruption scheme involving the unlawful diversion of 50 twenty-foot containers of palm oil, worth GHS25.8 million, onto the local market. In a statement released on Tuesday, February 24, 2026, the OSP indicated that the shipment, initially declared as transit cargo bound for Burkina Faso, was illegally diverted into Ghana’s local market without the required duties and taxes being paid, leading to an estimated revenue loss of GHS10.5 million. On February 18, 2026, the Ghana Revenue Authority (GRA), via its Customs Division, intercepted 18 articulated trucks transporting various…

Three students from Swedru School of Business have been arrested and are expected to be arraigned in connection with the violent assault of a student from Obrachire Senior High Technical School, local police confirmed, following a highly publicised viral video of the attack. According to an update from the Ghana Police Service and the Criminal Investigations Department (CID), the trio was handed over to law enforcement at the Swedru Divisional Police Command late on Monday, February 23, after high‑level engagements between CID leadership and school authorities. The suspects Joseph Amoh, 20; Benedict Appiah, 18; and Bilal Mamud, 18, were formally…

The Ministry of Finance has highlighted significant improvements in Ghana’s macroeconomic performance, citing lower inflation, reduced interest rates, and a stronger cedi as signs of a broad-based economic recovery in 2025. In a press statement dated February 23, 2026, the Ministry reported that provisional real GDP growth reached 6.1 percent year-on-year in the first three quarters of 2025, driven mainly by the services and agriculture sectors. Non-oil GDP growth was even stronger at 7.5 percent, compared to 5.8 percent during the same period in 2024. Inflation, which remained high at the end of 2024, declined consistently for thirteen consecutive months…