The Minority in Parliament says that the Bank of Ghana (BoG) lost $214 million under the Gold-for-Reserves program on purpose, not because of changes in the market. Kojo Oppong Nkrumah, the Ofoase Ayirebi MP, spoke at a press briefing on Monday. He said that the losses mentioned by the International Monetary Fund (IMF) in its…
Eric Afful, the head of Parliament’s Economy Committee, said that the reported $214 million “loss” under the Gold-for-Reserves (G4R) program should not be called a loss but a cost of doing business for the Ghana Gold Board (GoldBod). He said this in response to worries raised by the Minority in Parliament about how the program…
The Ghana cedi is in its strongest position in ten years as it enters the last days of 2025. This is a big boost to the local economy.The currency has gone against the usual trend of losing value at the end of the year, which is a big change that is giving the private sector…
Bright Simons, the Honorary Vice President of IMANI Africa, said that GoldBod helped keep the Cedi stable in 2025, but it wasn’t the main reason. He said that no one thing controls exchange rates. “Gold makes up a huge part of Ghana’s exports, and exports are a big reason why exchange rates change. We should…
The Virtual Asset Service Providers (VASP) Bill has been signed into law by President John Dramani Mahama.This happened after Parliament passed the VASP bill after a long and careful review.Mensah Thompson, the Acting Deputy Director-General of the Securities and Exchange Commission, made this announcement on his Facebook page on Tuesday, December 30.The Bill makes it…
Kofi Adams, Minister for Sports and Recreation, has set out how the plan of the country to handle the funds earned from qualifying for the 2026 FIFA World Cup, where the tournament’s expanded format guarantees each nation at least $10.5 million for participation, made up of a $9 million basic prize for reaching the initial group phase…
Kylian Mbappé is poised to receive a payout of around €60 million (£52.5 m). This follows a French court ruling in his favour over unpaid wages and additional payments with his former club, Paris Saint‑Germain. One part of the judgement that drew particular attention was an order for PSG to pay him about €1.5 m (£1.3 m) in an…
Enayat Qasimi, the international legal adviser for former Finance Minister Ken Ofori‑Atta, has asserted that the current dispute between his client and the Ghana Revenue Authority over the Strategic Mobilisation Limited (SML) contract is driven by political factors, and he maintained that Ofori‑Atta is not dodging legal accountability. Qasimi speaking during an interview in BBC…
Kwabena Mintah Akandoh, Ghana’s Minister of Health, has honoured the nation’s healthcare workers and restated the government’s pledge to fortify the country’s health system as the year ends, extending festive greetings to the public in a statement issued on Wednesday, December 24, and singling out doctors, nurses, midwives and other frontline staff for their unwavering…
Brazil’s ex‑leader Jair Bolsonaro has been authorised to leave incarceration for a scheduled surgical procedure on Christmas Day after Brazil’s highest court granted his request. According to official filings, with Supreme Court Justice, Alexandre de Moraes approving a transfer to a medical facility for hernia repair. Bolsonaro, 70, is serving a 27‑year term for involvement…
