February 2025 – Page 5

Gregory Afoko finally Out Of The Woods After 9 Years In Remand Custody

February 22, 2025

In relation to the demise of Adams Mahama, the former Upper East Regional Chairman of the New Patriotic Party, has been granted bail after nine years on remand. The Accra High Court set Afoko’s bail at GH₵500,000 with two sureties, one of whom must justify the bond with a landed property.¹As part of the conditions,...

Ghana’s Economic Expert Urges National Dialogue to Focus on Debt Management, Indigenization, and Agriculture

February 22, 2025

As Ghana prepares for its National Economic Dialogue on March 3, 2025, financial analyst Dr. Richmond Atuahene is calling for a focused discussion on three critical areas: debt management, strategic indigenization, and agriculture. Dr. Atuahene warns that Ghana’s high debt levels, currently at 72.2% of GDP, pose a significant threat to the country’s economic stability....

WORLD BANK’S IFC TO INVEST $600 MILLION IN GHANA’S PRIVATE SECTOR

February 21, 2025

The International Finance Corporation (IFC), a member of the World Bank Group, has announced a major investment of approximately $600 million in Ghana’s private sector. This significant investment aims to create job opportunities, enhance industrial development, and drive economic growth in the country. According to Kyle Kelhofer, IFC’s Country Director, the investment will focus on...

IBEC-2025: RMU Ag. VC Calls For Innovative, Inclusive Strategies To Accelerate Blue Economy Growth

February 21, 2025

The Acting Vice Chancellor of the Regional Maritime University (RMU), Dr. Jethro W. Brooks Jr., has called for broader engagement among stakeholders within the sub-region to fully harness the potential of the blue economy. Speaking at the opening ceremony of the second International Blue Economy Conference (IBEC-2025) currently underway in the Republic of The Gambia,...

Veteran Actor Mawuli Semevor Dies At 63 Following Fire Accident

February 21, 2025

The Ghanaian entertainment industry is in mourning following the tragic death of veteran actor Mawuli Semavor, who passed away after suffering severe injuries from a fire accident. The incident occurred on February 8, 2025, and despite efforts to save him, Semavor succumbed to his respiratory injuries on Thursday, 20th February,2025. Mawuli Semavor was well-known for...

USA Absent At G20 Foreign Ministers Meeting in South Africa.

February 21, 2025

In a historic gathering, South Africa hosted the first G20 foreign ministers meeting on February 20, 2025, in Johannesburg, marking the first time the event has taken place on the African continent. The meeting, which brought together top diplomats from the world’s largest economies, was opened by South African President Cyril Ramaphosa, who called for...

President John Mahama Holds First Cabinet Meeting, Sets Agenda for Governance

February 21, 2025

In a significant step towards establishing his administration’s priorities, President John Mahama convened his first cabinet meeting today at the Jubilee House. The meeting brought together key ministers and advisors as they discussed the government’s immediate agenda and strategies for addressing pressing national issues. During the meeting, President Mahama emphasized the importance of collaboration and...

Accra High Court Orders Ghana Immigration Service to Compensate Engineer GH¢910,000

February 21, 2025

In a significant ruling, the Accra High Court has directed the Ghana Immigration Service (GIS) to pay GH¢910,000 in damages to Mr. Kwame Mensah. The court found that GIS unlawfully barred Mr. Mensah from traveling abroad, resulting in the loss of a lucrative job opportunity. Mr. Mensah, a qualified engineer, had obtained a position with...

Industrial Producer Price Inflation Hits 43.7% in January 2025

February 20, 2025

Industrial producer price inflation in the country surged to 43.7% in January 2025, reflecting significant price increases across various sectors. This rise marks a notable shift from previous months, indicating ongoing economic pressures. The Mining and Quarrying sub-sector experienced the highest inflation rate, reaching 47.5%, up from 42.8% in December. This increase highlights the growing...

COCOBOD,DBSA delegation evaluate impact of Productivity Enhancement Programmes

February 20, 2025

The Ghana Cocoa Board (COCOBOD) led by Mr Randy Abbey has welcomed a delegation from the Development Bank of Southern Africa (DBSA), currently in Ghana to assess the effectiveness of the Productivity Enhancement Programmes (PEPs). The DBSA, along with other financial institutions, has provided critical funding for these initiatives, which aim to strengthen Ghana’s position...