Author: Constance Awunor

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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 Driver and Vehicle Licensing Authority (DVLA), working with the National Security, has arrested five individuals suspected of manufacturing and distributing fake driver and vehicle (DV) plates across Ghana. The suspects were apprehended in operations conducted at Lapaz, Narhman, Tarkwa, and Kumasi. They have been arraigned and are currently on remand, with a scheduled court reappearance on March 17, 2026. Authorities say two additional suspects identified through intelligence remain at large. Investigators revealed that many of the counterfeit DV plates are circulated along with fake motor insurance documents, making them appear legitimate. The DVLA reminded the public that the use…

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Government spokesperson Felix Kwakye Ofosu says authorities have frozen nearly GH¢50 million in bank accounts belonging to Bernard Antwi-Boasiako, popularly known as Chairman Wontumi, as part of ongoing investigations into suspected financial crimes. Speaking on PM Express on JoyNews on Tuesday, the Abura-Asebu-Kwamankese MP explained that the move was taken by the Economic and Organised Crime Office (EOCO) as investigators work to secure funds believed to be linked to various cases under investigation. “For instance, in Chairman Wontumi’s case alone, close to GH¢50 million in his account has been frozen,” he said. Mr Kwakye Ofosu noted that similar sums have…

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The government has approved the reintroduction of special tribunals to speed up the handling of corruption and illicit wealth cases, according to government spokesperson Felix Kwakye Ofosu. Speaking on Joy News’ PM Express on Tuesday, the Abura Asebu-Kwamankese MP said Cabinet had endorsed the move to address delays in the judicial system and ensure that cases linked to the government’s anti-corruption drive are processed more quickly. He explained that the tribunal system already exists within the Constitution and is simply being revived. Once implemented, the tribunals will primarily deal with cases connected to the government’s Operation Recover All Loot (ORAL)…

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The Food and Beverages Association of Ghana (FABAG) has praised the government’s new directive restricting certain transit goods from entering the country through land borders, but says products such as fruit juice could soon fall under the same controls. In a statement, FABAG commended the Ministry of Finance and Finance Minister Cassiel Ato Forson for introducing the measure, which requires goods including rice, sugar, flour, textiles, spaghetti, and tomato paste to enter Ghana only through seaports. According to the association, the directive is a timely step toward addressing longstanding problems of smuggling, revenue losses, and the misclassification of goods that…

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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.…

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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…

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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…

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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…

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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…

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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…

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