Author: Rebecca Eson

The National Pensions Regulatory Authority has announced a major enforcement drive targeting employers who deduct pension contributions from workers’ salaries but fail to remit the mandatory Tier 2 funds, warning that offenders will face prosecution. Deputy Chief Executive Officer of the Authority, Victor Azumah, said the move is part of intensified efforts to safeguard the retirement benefits of workers and restore confidence in Ghana’s pension system. “Employers who deduct pension contributions from their employees and fail to remit them are committing an offence and violating the rights of those employees,” he stated. Mr Azumah revealed that the Authority has strengthened…

The Narcotics Control Commission has announced that it is in the final stages of reviewing applications for cannabis licences, with successful applicants expected to receive approval to commence operations in the near future. The Deputy Director-General in charge of Enforcement, Control and Elimination, Alexander Twum-Barimah, disclosed this during his address at the Kwahu Business Forum. According to him, the review process has been conducted with careful scrutiny to ensure that only applicants who meet all legal, regulatory, and security requirements are granted licences under Ghana’s cannabis framework. “We are carefully reviewing all applications submitted under the various licence categories. Those…

American music icon and entrepreneur Dr. Dre has officially joined the ranks of the world’s billionaires, with his net worth estimated at $1 billion in the latest global rich list released on April 7, 2026. The milestone marks a significant achievement for the 61-year-old, whose fortune has been built through a combination of music production, business ventures, and the highly successful sale of Beats by Dre. With this recognition, Dr. Dre enters an exclusive group of music industry figures who have reached billionaire status. He joins fellow global stars including Jay-Z, Beyoncé, Rihanna, Taylor Swift, and Bruce Springsteen. Among them,…

A private legal practitioner, Charles Akoto Lamptey Jnr, has petitioned the President of Ghana to suspend ongoing works on Terminal 2 at Kotoka International Airport, citing concerns over procurement integrity, economic efficiency, and long-term infrastructure planning. In the petition, the lawyer argues that past technical assessments and institutional decisions had already deemed Terminal 2 inadequate, a position that led to the construction of Terminal 3 as a modern replacement facility. He noted that the earlier decision was based on engineering limitations, operational inefficiencies, and the need to accommodate growing passenger volumes. The current works on Terminal 2, described by authorities…

The Chief Executive Officer of Dalex Finance, Joe Jackson, has cautioned against calls for fuel tax reductions and broad subsidies, warning that such measures could undermine Ghana’s economic stability. Speaking on a current affairs programme, Mr Jackson argued that rising energy costs pose a significant risk to inflation, particularly through their impact on food prices. He explained that even locally produced food carries substantial logistics costs, which are heavily influenced by fuel prices. According to him, any increase in fuel and transportation costs would inevitably translate into higher food prices, placing additional pressure on households. He further noted that both…

The Media Relations Officer at the Ministry of Lands and Natural Resources, Paa Kwesi Schandorf, has urged a recalibration of public discussions surrounding the award of the Damang Mining Lease to Engineers and Planners Ltd (E&P), stressing that greater attention should be placed on the company’s technical and financial capacity rather than perceived political connections. Speaking on a morning television programme, Mr Schandorf argued that the central consideration should be whether E&P possesses the proven ability to effectively manage and sustain operations at the Damang Mine, rather than the family relationship between the company’s owner and President John Dramani Mahama.…

Top officials and leading figures of the New Patriotic Party (NPP) have begun arriving at the party’s national headquarters in Accra ahead of a crucial National Executive Committee (NEC) meeting expected to shape the framework for upcoming polling station elections. The meeting forms part of ongoing preparations for the party’s internal electoral roadmap and follows the successful completion of a recent membership registration exercise. Among the key personalities present are the party’s 2028 presidential candidate, Dr Mahamudu Bawumia, Ashanti Regional Chairman Bernard Antwi-Boasiako (Chairman Wontumi), former General Secretary John Boadu, Assin South MP Rev. Ntim Fordjour, and former flagbearer aspirant…

Ghana’s Minister for Finance, Cassiel Ato Forson, has called for bold leadership and stronger collective action among member states of the ECOWAS Bank for Investment and Development (EBID), as the bank holds its 24th Annual General Meeting. Addressing delegates at the opening session, the Finance Minister stressed the growing expectations of citizens across the West African sub-region, noting that development finance institutions must deliver tangible outcomes that directly improve livelihoods and drive economic transformation. He urged participants to approach the deliberations with urgency and purpose, emphasizing the importance of decisive action and unity in achieving EBID’s strategic objectives. “The expectations…

Ghana has produced a total of 694 million barrels of crude oil since the start of commercial production in 2010, according to the Public Interest and Accountability Committee. The figure was disclosed in the committee’s 2025 annual report, presented in Accra by its Chairman, Richard Ellimah. The report identifies the Jubilee Field as the country’s top-performing asset, maintaining its position as the highest-producing field since operations began. It recorded an average output of 63,280 barrels per day and a cumulative production of 22.21 million barrels. The TEN Field follows with an average daily output of 15,985 barrels and total production…

Ghana Statistical Service has reported a 7.5 percent year-on-year growth in economic activity for January 2026, reflecting a slowdown compared to the 8.2 percent recorded during the same period in 2025. The figures, captured in the Monthly Indicator of Economic Growth (MIEG), provide a snapshot of changes in economic activity across key sectors on a month-by-month basis. Data from the report shows that the agriculture sector recorded a growth rate of 4.5 percent in January 2026, significantly lower than the 9.3 percent achieved a year earlier. This indicates a moderation in the sector’s performance, with agriculture contributing 14 percent to…