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Finance Minister presents bill to exempt Motor Insurance from VAT

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The Minister for Finance, Dr. Cassiel Ato Forson, has presented a bill to Parliament seeking to amend the Value Added Tax (VAT) Act to exempt the supply of motor vehicle insurance from VAT.

This initiative responds to the government’s promise to abolish the VAT on motor insurance policies in the 2025 budget.

The First Deputy Speaker, Bernard Ahiafor, has subsequently referred the bill to the Finance Committee for consideration and reporting.

“Honorable members, the bill on Value Added Tax amendment 2025, is accordingly read for the first time and referred to the finance committee for consideration and report,” he stated.

Nollywood actress Chika Ike shows off post-baby body

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Nollywood actress, Chika Ike, has shown off her post-body weeks after giving birth to her daughter.

The filmmaker announced the birth of her first child on March 6, 2025.

Taking to her Instagram page on Friday, she shared photos of herself and her baby, all bundled up in from a snowy location.

General Legal Council caught up in strange ruling

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….On Lawyer’s qualification & alleged wrongful enrolment at Ghana School of Law

Justice Paul Baffoe-Bonnie of the Supreme Court, delivered a surprising ruling yesterday at the Disciplinary Committee of the General Legal Council (GLC) regarding the alleged wrongful enrolment of Josephine Sekyi Hughes, daughter of former Speaker of Parliament, Ebenezer Sekyi Hughes, in the Post-Call Conversion Course in 2004.

Accra ranked second most polluted city in Africa

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Accra has been ranked as the second most polluted city in Africa in terms of its air pollution index, according to data from Numbeo, the world’s largest data platform, with a score of 89.2.

The ranking was determined using several indicators, including air and water pollution, waste management, cleanliness, noise and light pollution, green spaces, and overall living conditions.

Johannesburg, South Africa, claimed the top spot as the most polluted city in Africa, followed by Lagos, Nigeria, in third place. Marrakech, Morocco, ranked fourth, while Casablanca, also in Morocco, secured the fifth position.

Harare, Zimbabwe, took the sixth position, followed by Nairobi, Kenya, in seventh. Tunis, Tunisia, ranked eighth, with Addis Ababa, Ethiopia, in ninth place, while Alexandria, Egypt, rounded out the top ten.

See the ranking below:

JKB/MA

Gbande’s Ramadan Gifts Rejected In Dambai

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Mustapha Gbande

 

Mustapha Gbande’s Ramadan gifts to residents of the Zongo community in Dambai in the Oti Region have been rejected.

At this time of the year when Muslims are engaged in the religious fasting, it is usual for gifts such as sugar, milk and other essential commodities to be showered on the faithful in deprived areas.

Gifts from Mustapha Gbande, Deputy Operations Director at the Presidency were however rejected last Wednesday by Dambai Zongo residents. They claimed that he had insulted and discriminated against them.

Gbande, who also serves as a Deputy Secretary of the National Democratic Congress (NDC), is alleged to have said that he would use his influence to prevent any candidate from the Zongo community from becoming the Municipal Chief Executive (MCE).

This remark has sparked outrage among residents, leading to the rejection of his goodwill gesture.

The donation, which included bags of rice, Milo, milk, and toilet rolls worth thousands of Ghana cedis, was seen as insincere in light of the alleged comments.

 

Mahama charges IGP Yohuno to tackle corruption in Police Service

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President John Dramani Mahama has called for urgent measures to eliminate corruption within the Ghana Police Service, emphasizing the need for greater transparency and accountability in law enforcement.

Speaking at the swearing-in ceremony of the new Inspector General of Police (IGP), Christian Tetteh Yohuno, at the Jubilee House on Friday March 14, 2025, President Mahama highlighted the detrimental effects of corruption on justice and public trust.

Mahama’s re-engagement of disaffected Sahel states bold and sensible – Prof. Abotsi

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Professor Ernest Kofi Abotsi is the Dean of the University of Professional Studies Law School Professor Ernest Kofi Abotsi is the Dean of the University of Professional Studies Law School

The Dean of the University of Professional Studies Law School, Professor Ernest Kofi Abotsi, has commended President John Dramani Mahama for the bold decision to visit some of the Sahel states.

He clearly stated that there could be no higher priority than ensuring and maintaining the trade and security relations of Ghana with these countries.

In a post on his official X page, Prof Abotsi said, “President Mahama’s re-engagement of disaffected Sahel states is bold and sensible! National interest should lead foreign policy and there can be no higher priority than maintaining the trade and security relations Ghana has with these countries! Preventing coups cannot be based on sanctions.”

Last week, President John Dramani Mahama visited Burkina Faso as part of his ‘good neighbourliness’ tour, aimed at strengthening diplomatic ties with neighbouring countries.

Upon arrival, he was warmly received at the airport by Burkina Faso’s military leader, Captain Ibrahim Traore.

The two leaders later held a closed-door meeting, during which they discussed key issues, including regional security, economic cooperation, and diplomatic relations.

This visit followed President Mahama earlier visits of Niger and Mali — which make up the three nations that recently withdrew from the Economic Community of West African States (ECOWAS) and established the Alliance of Sahel States (AES).

Addressing the situation, President Mahama said that the primary reason behind the exit of Mali, Burkina Faso, and Niger from ECOWAS is a breakdown in trust.

He stressed the importance of rebuilding trust and confidence between the nations, acknowledging that while it will take time, efforts must be made to restore strong regional cooperation.

VA/AE

Also, watch the latest Twi news on GhanaWeb TV below:

What showbiz personalities are saying about Kofi Adomah’s eye incident

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From L to R; Flowkingstone, Ayisha Modi, Afua Asantewaa, Lord Paper, Zionfelix From L to R; Flowkingstone, Ayisha Modi, Afua Asantewaa, Lord Paper, Zionfelix

Some Ghanaian entertainment personalities have reacted to Kofi Adomah Nwanwanii’s current plight after he publicly spoke for the first time following his eye incident.

On March 14, 2025, Kofi Adomah hosted a press conference at his residence in Oyarifa, where he gave a detailed account of the events at a festival in Dormaa, during which he was shot in the eye, leaving him with a severe eye injury.

Excerpts from his emotional speech have since flooded online, sparking massive reactions from netizens, including some showbiz personalities.

Ayisha Modi, in particular, took to her Instagram to sympathise with Kofi Adomah, offering him support and wishing him a swift recovery.

“It’s well my love @kofiadomahnwanwani. You are loved bro. God got you. Hmmmmmm life!” she wrote.

Popular entertainment blogger, Zionfelix, also shared how moved by the press conference.

“Today I watched the video, and it was disheartening. I started crying at a point. He told us everything that happened… when he spoke about his death, I became troubled,” Zionfelix said.

What led to Kofi Adomah’s current situation?

A few months ago, Kofi Adomah Nwanwanii, along with his team from Angel FM/TV, Kofi TV, and MagrahebTV, travelled to Dormaa Ahenkro in the Bono Region of Ghana to cover the Dormaa Kwafie festival and the 25th anniversary of the enstoolment of Dormaahene, Osagyefo Oseadeeyo Agyeman Badu II.

While covering the event, he was shot in the face by one of the gunmen wielding a musket, causing severe damage to his eyes and necessitating a series of surgeries on both eyes.

A GoFundMe account has since been created to solicit funds for another upcoming surgery.

Watch the latest episode of Talkertainment below:

JHM/EB

‘You will be shocked!’ – Atta Akyea on alleged dossier on Dampare presented to Akufo-Addo

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Samuel Atta Akyea and Dr. George Akuffo Dampare Samuel Atta Akyea and Dr. George Akuffo Dampare

Former Member of Parliament (MP) for Abuakwa South, Samuel Atta Akyea, who chaired the parliamentary committee that investigated the leaked tape allegedly plotting to remove former IGP Dr. George Akuffo Dampare, has reacted to Dampare’s removal from office.

In a write-up sighted by GhanaWeb, Atta Akyea stated that Ghanaians would be shocked if they saw reports detailing the actions of the former IGP, which were presented to former President Nana Addo Dankwa Akufo-Addo.

He asserted that Dr. Dampare managed to conceal his true nature from the public but has now been exposed.

“There is a world of difference between reputation and character. You can pay good money to prop up your reputation so the world will believe you are the one who was crucified on the cross. The rented press are good at inflating reputation. Those who are superficial in orientation may even worship reputation, but character cannot hide; it’s like a pregnancy, and it will ultimately show.

“If you know the dossier on Dampare which was placed on the table of President Akufo-Addo, you will be shocked. Why he was romancing such evil,” Atta Akyea wrote.

The former New Patriotic Party (NPP) legislator claimed that some leading figures in the ruling National Democratic Congress (NDC), including a “Bagbin” and an “Agalga,” were protecting Dr. Dampare from being removed from office.

He argued that President John Dramani Mahama made the right decision in dismissing Dampare.

“Why was NDC, pre-election, comfortable with Akufo-Addo’s appointee? Why were Bagbin, Agalga, and the cabal hell-bent on protecting the IGP?

“At least Mahama is displaying a modicum of common sense: How can you be disloyal to Akufo-Addo, your appointor, and be loyal to me?… A leader should not spray cologne on faeces,” he wrote.

About the removal of Dr. Dampare

On March 13, 2025, President John Dramani Mahama relieved Inspector General of Police Dr. George Akuffo Dampare of his duties.

He subsequently appointed COP Christian Tetteh Yohuno as the new Inspector General of Police.

A statement issued by the Minister of Government Communication, Felix Kwakye Ofosu, confirmed that the appointment was made in accordance with the Constitution and in consultation with the Council of State.

“President John Dramani Mahama has, in accordance with Articles 91 and 202 of the 1992 Constitution and in consultation with the Council of State, appointed Commissioner of Police (COP) Christian Tetteh Yohuno as the Inspector-General of Police.

“He replaces COP Dr. George Akuffo Dampare.

“COP Yohuno brings forty years of experience to the position of IGP and is expected to oversee the modernisation and transformation of the Ghana Police Service,” the statement read.

BAI/MA

Also, watch the latest Twi news on GhanaWeb TV below:

You can also catch the latest episode of #Trending GH, showcasing Ghanaians’ reactions to the government’s decision to abolish the E-Levy and COVID-19 Levy>/b>

‘If you pray and fast for 100 days, you won’t succeed without taking a step’

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Ghanaian business mogul, Daniel Mckorley Ghanaian business mogul, Daniel Mckorley

The Executive Chairman of the McDan Group, Daniel McKorley, popularly known as McDan, has emphasised the role of hard work in achieving success.

He noted that as an entrepreneur, it is important to take proactive steps after praying.

McDan stated that prayer alone does not guarantee success; rather, combining it with action yields results.

“There is nothing Pastor Ocran can do for you if you are lazy. There is nothing God can do for you if you pray and fast for 100 days but fail to take a step,” he declared, drawing inspiration from James 2:17, which states that “faith without works is dead,” McDan said.

McDan stressed that success is not a handout but something that must be actively pursued and worked for.

He recounted how he built his business empire from humble beginnings, reflecting on his struggles growing up, including selling kerosene, working as a driver’s mate, and experiencing financial hardship.

He, therefore, challenged young people to take action instead of waiting for a miracle.

“Many people pray for success, but are we ready to work for it? You cannot dream of becoming a great entrepreneur and yet fear taking the first step. Waiting means working. Waiting means taking action. Waiting means sowing seeds in faith, even when you don’t see results,” he explained.

McDan encouraged young people to embrace new opportunities and be daring in their choices if they seek success.

“Never be afraid to fail. What you accept will never upset you. If you accept that failure is part of the journey, when it comes, you won’t be frustrated. God has been good to us, but you must take a step toward your vision. If you don’t move, nothing will happen,” he concluded.

SSD/MA

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AZ Alkmaar goalkeeper Rome-Jayden Owusu-Oduro dismisses talks of playing for Ghana

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Rome-Jayden Owusu-Oduro is a goalkeeper of AZ ALkmaar Rome-Jayden Owusu-Oduro is a goalkeeper of AZ ALkmaar

Dutch-born Ghanaian goalkeeper Rome-Jayden Owusu-Oduro has dismissed suggestions of representing the Black Stars, stating that his focus lies elsewhere.

The 20-year-old, whose father is Ghanaian, is eligible to play for Ghana.

He was in goal for AZ Alkmaar’s Round of 16 match against Tottenham Hotspur on Thursday, March 13, 2025, but endured a tough night, conceding three goals in a 3-1 defeat that saw his team exit the competition.

Despite the disappointing loss, he took the time for an interview with UK-based Ghanaian journalist Rahman Osman.

When asked about the possibility of playing for Ghana, Owusu-Oduro revealed that representing the Black Stars is not a priority for him at the moment.

“Not now. I have to focus on playing with the U21 (Netherlands) so we can qualify for the European Championship. My focus is here. I see it as a possibility in the future, but it’s not my priority,” he said.

Owusu-Oduro also expressed his admiration for Jordan Ayew, Andre Ayew, and Ghana’s all-time leading goal scorer, Asamoah Gyan.

“I watched the Ayew brothers, Asamoah Gyan, and a few other players with my dad,” he added.

The young goalkeeper has made 19 appearances for AZ Alkmaar in the Dutch Eredivisie this season, keeping two clean sheets in his last five games.

Watch the full interview below:

Meanwhile, watch as football fans slam NPP over misleading betting tax comments

Also, watch the latest Twi news on GhanaWeb TV below:

FKA/MA

Tanzania to open 4th kidney transplant facility

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Tanzania is set to enhance specialised healthcare services as Bugando Medical Centre (BMC), a referral hospital in the Lake Zone, prepares to introduce kidney transplant procedures later this year.

Speaking at the commemoration of World Kidney Day yesterday, the director of Surgical Services at BMC, Dr Alicia Masenga, confirmed the development.

Dr Masenga, who was speaking on behalf of Acting Director General, Dr Bahati Wajanga, said the high prevalence of kidney-related conditions in the Lake Zone was a key reason for introducing transplant services at Bugando.

She said that the remaining steps before launching the service include the return of specialised surgeons currently completing training abroad and the installation of essential surgical equipment.

“Preparations for launching kidney transplant services are progressing well,” she said.

Once operational, Bugando will become the fourth hospital in Tanzania to provide kidney transplant services, joining the Upanga and Mloganzila facilities of the Muhimbili National Hospital (MNH) in Dar es Salaam and Benjamin Mkapa Hospital (BMH) in Dodoma.

MNH became the first Tanzanian medical facility to perform kidney transplants in 2017 at its Upanga facility after developing local expertise to handle the complex procedure.

The service was later extended to its Mloganzila facility.

BMH later followed suit, and last week announced that it has successfully performed kidney transplants on 25 patients, saving the government billions of shillings in overseas referral costs over the past four years.

BMH Executive Director, Prof Habel Makubi, revealed last week that the achievements were made possible following a Sh36.95 billion investment in specialised medical services during President Samia Suluhu Hassan’s four years in office.

Speaking at the same event, the Head of the Dialysis Unit at Bugando, Dr Said Kanenda, revealed that the hospital treats an average of 140 patients per week for dialysis. He noted that kidney-related conditions in Tanzania are increasing at an alarming rate.

According to Ministry of Health, the number of patients requiring dialysis rose from 1,017 in 2019 to 3,231 by December 2023. Kidney patients requiring dialysis typically need the procedure at least three times a week to maintain their daily activities.

“On average, a dialysis session in Tanzania costs Sh200,000, meaning a patient spends approximately Sh600,000 weekly on treatment,” he said.

He cited high blood pressure, diabetes, and proteinuria (excess protein in urine) as the leading causes of kidney disease among patients at the hospital. He also noted that some women develop kidney failure due to excessive bleeding and eclampsia during childbirth.

“We receive between three and six women per month who require dialysis due to complications arising during childbirth. That is why we strongly advise pregnant women to seek medical care early and follow doctors’ recommendations, including taking iron supplements,” Dr Kanenda said.

Preventive measures

As part of the World Kidney Day commemorations, Bugando conducted a one-day screening exercise among 178 Mwanza residents.

Of those screened, 56 individuals (31 percent) were diagnosed with high blood pressure, while 8 (4.5 percent) had diabetes. Additionally, 17 patients were found to have bacterial infections in their urinary tract, while 20 exhibited proteinuria, indicating a heightened risk of developing kidney disease.

Dr Kanenda warned that high blood pressure, diabetes, and proteinuria are serious conditions, as they signal that the kidneys’ filtration system is not functioning properly, which can eventually lead to kidney failure.

Meanwhile, Mwanza Regional Medical Officer (RMO), Dr Jesca Leba, urged the public to prioritise regular medical check-ups to detect kidney disease early and reduce the high cost of treatment.

“We need to encourage routine health check-ups. Many women in our region are experiencing kidney-related challenges. We are engaging communities by advising women to ensure they have sufficient blood levels before pregnancy and take iron supplements when necessary,” she said.

She also encouraged Tanzanians to enrol in health insurance schemes before being diagnosed with kidney disease, to mitigate the financial burden of treatment.

Hopes

Clement John, a dialysis patient, expressed optimism about Bugando’s kidney transplant programme, saying it would save many lives and reduce dependence on dialysis.

“Introducing kidney transplants at Bugando is a great initiative. I already have a willing kidney donor, but the major challenge has been finding a facility for the procedure. Currently, transplants are only available in Dar es Salaam and Dodoma, and the cost of staying there is overwhelming,” he said.

Another patient, Elvina Vitalis, thanked the government and Bugando Hospital for bringing dialysis services closer to Mwanza residents. She expressed hope that once kidney transplants commence, she could be relieved of the burden of weekly dialysis sessions.

Medical experts have warned that certain lifestyle habits increase the risk of developing kidney disease. These include obesity, smoking, consumption of food contaminated with harmful pesticides, and leading a sedentary lifestyle.

‘Kakalika Dance’ Hitmaker Adolf Tagoe Passes Away

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Ghanaian musician Adolf Tagoe, popularly known as “Kakalika Man,” has reportedly passed away.

The news of his death was shared by Afia Schwarzenegger and media personality Ohemaa Woyeje, though details about the cause and exact time of his passing remain unclear.

Adolf Tagoe was a well-known figure in Ghana’s music scene, particularly for his contributions to Ga Dangbe traditional music. He was best recognized for his hit song Kakalika Dance, which became a popular tune in Ghana.

Over the years, he built a strong reputation for blending traditional rhythms with modern beats, producing songs that resonated with both the old and young.

Apart from Kaklalika Dance, he had other notable songs, including Rokpokpo, Penpesiwa, and Anuonyam. His ability to infuse cultural elements into his music made him stand out, and his works played a role in promoting Ga Dangbe music within and beyond Ghana.

As news of his passing spreads, tributes are expected from fans, fellow musicians, and industry players who appreciated his talent and contribution to Ghanaian music. More details surrounding his passing are yet to be confirmed.

New Security chiefs named by Mahama

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Government has announced the appointments of three new Security Service Chiefs, marking a significant step in strengthening Ghana’s security framework.

The appointments, effective immediately, were revealed in a statement from the Presidency.

The newly appointed officials are:

1. Director-General of the Ghana Prisons Service- DDGP 3 Patience Baffoe-Bonnie

Kumawu residents stranded weeks after devastating rainstorm

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Residents and students in Kumawu, in the Ashanti Region, remain stranded two weeks after a devastating storm ripped off the roofs of over 60 houses and eight schools.

 

The affected schools include Apostolic D/A JHS, SDA Basic School, St. Martin R/C Basic School, Anglican Basic School, Nkwanta AME Basic School, Kumawu Presby Primary, Abotanso Methodist Primary, and Oyoko Methodist Primary School.

The storm, which struck on March 4, has forced many students to stay home, while others have been combined into overcrowded classrooms due to the destruction of their school buildings.

Speaking to Citi News, some parents lamented that since the incident, they have had no choice but to take their children to the farm, as there are no safe classrooms for them to study in.

The NADMO Director for the Sekyere Kumawu District, Emmanuel Obeng, stated in an interview that his office has submitted a report to the relevant authorities for support and relief items.

However, he appealed for individual and organizational assistance to provide relief for affected residents and students.

Meanwhile, the NDC’s 2024 Parliamentary Candidate for Kumawu, Kwasi Amankwaa, has donated roofing sheets to support the repair works.

He also called on other stakeholders to contribute to efforts aimed at addressing the situation.


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We should not force Mahama to work with his predecessor’s security chiefs – Manasseh

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Renowned investigative journalist Manasseh Azure Awuni has defended President John Mahama’s decision to appoint COP Christian Tetteh Yohuno as the new Inspector-General of Police (IGP), replacing Dr. George Akuffo Dampare.

In a statement, Manasseh argued that a sitting president must have the freedom to choose security leaders he trusts.

The 2025 budget proposal and its implications for Ghana’s mineral revenue management

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The 2025 Budget Statement and Economic Policy of Ghana proposes a significant amendment to the Minerals Income Investment Fund (MIIF) Act, 2018 (Act 978). The amendment seeks to transfer 80 per cent of mineral royalties originally retained by MIIF to the Consolidated Fund for infrastructure development.

This policy shift represents a fundamental change in the purpose and operation of MIIF, which was originally established to act as a sovereign wealth fund (SWF) for Ghana’s mineral resources. The MIIF’s mandate under Act 978 was to manage and invest Ghana’s mineral royalties in ways that generate long-term financial returns for the country, ensuring economic stability even when mineral resources are depleted.

The decision to redirect all MIIF’s funds into government spending raises important concerns regarding the sustainability of Ghana’s mineral wealth, economic diversification, and long-term fiscal stability. Below is an in-depth analysis of what this shift means for MIIF’s operations, followed by a comparative assessment of how other countries—particularly Norway, Bahrain, and the Netherlands, have managed similar funds.

Implications of the Proposed MIIF Amendment

Reduced Capital for Investment and Long-Term Growth

MIIF was designed to maximise value from mineral royalties by investing in high-yield assets, such as equity in mining companies, mining infrastructure, and global investment portfolios. The proposed amendment, if passed by Parliament of Ghana, will shrink MIIF’s capital base, leaving it with nothing for any meaningful investment.

At the same time, it is important to remember that the Minerals Development Fund Act, 2016 (Act 912), already mandates that 20% of mineral royalties collected by government must be allocated to the Minerals Development Fund (MDF) to support mining communities, research, and regulatory bodies.

As a result, MIIF’s ability to acquire stakes in Ghanaian and international mining ventures, invest in small-scale miners and develop local mining infrastructure, and diversify investments into non-mineral sectors could be severely weakened. If Ghana fails to leverage its mineral wealth for long-term financial stability, it risks falling into a boom-and-bust cycle, where mineral revenues are quickly spent but provide no lasting economic benefits.

What is a Sovereign Wealth Fund?

The International Monetary Fund (IMF) defines Sovereign Wealth Fund as “Special-purpose investment funds or arrangements, owned by the general government. Created by the general government for macroeconomics purposes, SWFs hold, manage, or administer assets to achieve financial objectives, and employ a set of investment strategies which include investing in foreign financial assets.”

Simply put, a Sovereign Wealth Fund (SWF) is a state-owned investment fund that is typically established using surplus revenues, such as those derived from natural resources (e.g., oil, gas, or minerals) or foreign exchange reserves. These funds are managed with the goal of generating long-term returns to support national development, stabilize the economy, or preserve wealth for future generations. SWFs invest in a wide range of assets, including stocks, bonds, real estate, infrastructure, and private equity.

Ghana’s Risky Gamble: Why Gutting MIIF for Short-Term Spending Threatens the Nation’s Economic Future

The government’s decision to redirect 80% of MIIF funds into the Consolidated Fund essentially converts Ghana’s mineral wealth into immediate budgetary support, that prioritises immediate infrastructure needs over long-term economic stability, a risky fiscal gamble. While infrastructure investment is crucial, this approach undermines the very foundation of Ghana’s sovereign wealth strategy, stripping MIIF of its capacity to generate lasting financial returns—sacrificing long-term financial sustainability for short-term spending.

A well-managed sovereign wealth fund (SWF) ensures that natural resource wealth continues to generate income long after the resources are depleted. Global best practices from Norway’s GPFG and Bahrain’s Mumtalakat demonstrate that resource wealth, when strategically managed, can serve as a perpetual source of national prosperity—sustain economic growth even when resource revenues decline.

If Ghana’s MIIF follows the path of direct budget support, it risks losing its ability to act as a financial buffer for future economic stability. Again, if this policy is not reconsidered, Ghana risks becoming another cautionary tale of a resource-rich nation squandering its wealth instead of harnessing it for sustainable economic transformation.

Currently, Government of Ghana through MIIF owns stakes in strategic mining assets such as the Bibiani-Mansin Gold and Chirano through its mother company Asante Gold. It also owns significant shares in Electrochem, which has the capacity to produce 1.2 million metric tons of salt, making it Africa’s largest salt-producing entity. In the long-term, such strategic assets would yield dividends more than 1$ billion with current investments not exceeding $75 million for just these mining assets listed. MIIF could easily grow to become a $10 billion Sovereign Wealth Fund in the next 15 years if properly managed and that would generate sufficient funds to support government infrastructural projects over the period.

Risks to Mining Sector Growth and Investor Confidence

MIIF plays a critical role in stabilising and expanding Ghana’s mining industry, especially through strategic investments and financing of small-scale miners. With a reduced financial base, MIIF may:

  • Struggle to fund local mining expansion.
  • Lose its ability to negotiate favorable terms with multinational mining companies.
  • Deter foreign investment in Ghana’s mining sector due to concerns over financial stability.

These risks mirror historical economic missteps made by resource-rich countries, particularly the Netherlands and its experience with Dutch Disease.

Lessons from the Netherlands, Norway, and Bahrain: Avoiding Dutch Disease and Ensuring Long-Term Wealth

The Netherlands’ Experience with Dutch Disease: A Cautionary Tale

The Netherlands discovered large natural gas reserves in the North Sea in 1959, leading to an economic boom. However, the government used gas revenues primarily for public spending, failing to invest for long-term growth. This led to Dutch Disease, where:

  • The Dutch currency appreciated, making local industries less competitive.
  • Traditional industries collapsed, as the country became overly dependent on gas revenue.
  • When gas revenues declined, the economy suffered a severe downturn.

If Ghana follows this model—spending mineral royalties without reinvestment—it risks repeating the Netherlands’ mistakes.

The Norwegian Model: A Blueprint for Long-Term Stability

Norway established the Government Pension Fund Global (GPFG) in 1990, ensuring that oil revenues were invested globally instead of being spent directly.

This prudent approach:

  • Built a $1.4 trillion fund that now supports the economy even as oil production declines.
  • Invests in diversified assets (stocks, real estate, bonds) to protect against price volatility.
  • Limits government withdrawals, ensuring that only a fraction of oil revenue is spent each year.

Ghana’s MIIF was structured to operate similarly to Norway’s model, but the government’s decision to redirect 80% of royalties into immediate spending undermines this goal.

Bahrain’s Mumtalakat Fund: Strategic Investment for Economic Diversification

Bahrain established Mumtalakat, its sovereign wealth fund, in 2006 to manage state assets and ensure economic sustainability. Unlike MIIF’s proposed restructuring, Mumtalakat prioritises investment over direct government spending.

  • Instead of relying on oil revenues for budget support, Bahrain channels wealth into long-term investments.
  • Mumtalakat owns stakes in over 50 companies across various industries, ensuring that Bahrain’s economy is not overly dependent on oil.
  • The fund helps maintain investor confidence by ensuring fiscal discipline and economic stability.

If MIIF is given a longer investment horizon like Mumtalakat, it could have grown into a diversified financial powerhouse for Ghana. Instead, the government’s decision to transfer 80% of its funds weakens MIIF’s ability to replicate Bahrain’s success.

Alternative Approaches for Ghana’s MIIF

Rather than transferring 80% of MIIF’s royalties into government spending, Ghana can adopt a hybrid model that balances investment and infrastructure development.

A Balanced Revenue Allocation Model

Instead of diverting 80% of MIIF’s royalties, the government could:

  • Allocate 30% to MIIF investments for long-term growth.
  • Dedicate 30% to infrastructure projects via MIIF-backed bonds.
  • Keep 20% in a stabilisation fund to guard against commodity price fluctuations.

Resource-Backed Infrastructure Bonds

Instead of direct spending, the government could use MIIF as a platform to issue bonds backed by future mineral revenues. This approach:

  • Maintains MIIF’s capital base.
  • Attracts additional foreign investment.
  • Ensures infrastructure projects are funded without depleting mineral wealth.

Expanding MIIF’s Investment Portfolio

MIIF should diversify beyond gold and invest in critical minerals like lithium, bauxite, and rare earth metals, which are vital for electric vehicles and renewable energy.

The Right Path for Ghana’s MIIF

Ghana stands at a crossroads in its mineral revenue management strategy. The proposal to transfer 80% of MIIF’s funds to the Consolidated Fund may provide short-term fiscal relief, but at the cost of long-term financial security.

History shows that countries like the Netherlands suffered economic instability when they failed to invest their resource wealth wisely. Meanwhile, Norway and Bahrain secured their economic futures by channeling their revenues into well-managed sovereign wealth funds.

To avoid the mistakes of the past, Ghana must:

  • Preserve MIIF as a sovereign wealth fund.
  • Invest in long-term, high-yield assets.
  • Balance immediate infrastructure needs with sustainable wealth creation.

By learning from global best practices, Ghana can ensure that its mineral wealth benefits both present and future generations.

DO NOT KILL MIIF.

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Your impact on security won’t be forgotten

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President John Dramani Mahama has expressed his deep gratitude to the outgone Inspector General of Police (IGP), Dr George Akuffo Dampare, for his dedicated service to the nation.

Speaking at the swearing in ceremony of the new IGP, COP Christian Tetteh Yohuno, President Mahama highlighted the significant contributions of Dr Dampare to law enforcement and national security in Ghana.

“Let me take this opportunity to also extend my deepest gratitude to the outgoing IGP. He has served our nation with dedication and commitment, and his contribution to law enforcement and national security will not be forgotten,” President Mahama stated.

He acknowledged the unwavering commitment of Dr Dampare in ensuring the safety and security of the citizens.

The President also extended his best wishes to Dr Dampare for his future endeavors, recognising the impact of his leadership on the police service.

“We thank him for his service and we wish him well in his future endeavors,” he added.

Read also…

Root out corruption from Police Service – Mahama to Yohuno

Tension in Nanton over suspension of 34 NPP members

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Tension is mounting within the New Patriotic Party (NPP) in the Nanton Constituency following the suspension of 34 party members.

The situation escalated when the Coalition of NPP Youth Groups in the constituency locked up the party office in protest.

The group is petitioning the Regional and National leadership to revoke the suspensions, citing unfair treatment and potential harm to the party’s unity and progress.

The constituency leadership justified the suspensions by alleging misconduct during the 2024 general elections.

The affected members— including polling station executives, electoral area coordinators, and constituency executives—were accused of supporting the National Democratic Congress (NDC) parliamentary candidate, distributing items to voters on behalf of the NDC, and obstructing voters by mounting roadblocks on election day.

Ibrahim Abdul Fatawu, convener of the Coalition of NPP Youth Groups, criticised the move, arguing that the party should focus on rebuilding, uniting members, and strategizing to recapture power in 2028 rather than expelling dedicated members.

He also stressed that the suspended members were not granted a fair hearing, which he deemed unacceptable for a democratic party.

The coalition warns that if the suspensions stand, they will send a negative signal to party members and sympathizers, discouraging them from investing their time and resources in the party.

They are urging party leadership to take a more inclusive and responsible approach to foster unity and secure a stronger future for the NPP in Nanton.

Promoting sustainable cocoa production: UNDP trains Hotspot Intervention Area Executives

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By Florence Afriyie Mensah

Ejisu (Ash), March 14, GNA – Executives within the Hotspot Intervention Areas (HIAs) under the Ghana Cocoa Forest REDD+ Programme, have built their capacities to drive collaborative multi-stakeholder action.

The six-day training organized by the United Nations Development Programme (UNDP), focused on stakeholder engagement process management, achieving a deeper understanding of the power dynamics of diverse interested parties in the landscape and identifying strategies for management and utilisation.

Participants also sharpened skills in reporting and data management skills, ability to leverage Information Communication Technologies (ICT) for the multi-stakeholder collaboration as well as identify and leverage opportunities for sustainable investments that support both environmental conservation and economic development.

Mr Mathias Edetor, National Project Manager, Green Commodities Programme at UNDP, at the opening of the training at Ejisu in the Ashanti Region, said equipping executives with the right knowledge to deal with and drive stakeholder action in the landscape, would promote sustainable cocoa production.

He indicated that a number of factors, including climate change and other environmental challenges in the landscape, contributed to low yields in cocoa production.

It was for these reasons, the Green Commodities Programme with funding from the Swiss State Secretariat for Economic Affairs (SECO), needed to team up with multiple stakeholders to identify solutions to improve cocoa production, and trade as well as transformation of agricultural systems.

Mr Edetor said it was UNDP’s firm belief that “when the grassroots are firm, we can work together to fight issues of unhealthy environmental practices and promote climate-smart cocoa production.”

Addressing these capacity gaps was crucial for ensuring that HIA executives could effectively engage and manage diverse stakeholders, including farmer cooperatives, private sector actors, and government institutions.

They would navigate complex power dynamics and interests to drive inclusive, and participatory decision-making processes.

Mr Sylvester Mensah, a training beneficiary and Board Chairman of Sefwi-Wiawso HIA, mentioned that communities have benefitted from the GCFRP both from the use of carbon payments and supports received from partners in promoting afforestation, climate-smart agriculture, and land restoration activities to enhance productivity and nature conservation.

He said the GCFRP had assisted with farming inputs and other community projects including potable drinking water and schools adding that, the Green Commodity Programme was essential for them to strengthen their collaboration with the multiple stakeholders and partners they work with in the cocoa forest landscapes to sustain these benefits

The HIA Executives are drawn from the six HIAs, which include Asunafo–Asutifi, Kakum, Ahafo Ano, Sefwi Wiawso, Juaboso–Bia and Atewa.

GNA

‘I don’t have female dresses’

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Member of the the DWP group, Lisa Quama Member of the the DWP group, Lisa Quama

A member of the DWP group, Lisa Quama, has stated that she does not have any female clothing in her collection.

In an interview with Deloris Frimpong Manso, Lisa Quama mentioned that she feels less comfortable in women’s clothing compared to men’s.

“I don’t have any dresses. I have only two skirts. I don’t wear makeup. I wore it once, and I didn’t like it; it felt like I was wearing a mask. Also, I wore a wig once for my birthday shoot, and I didn’t like it. I prefer my natural hair,” she said.

Lisa Quama also added that she is not a materialistic person.

“I like boots. I prefer movies. I am not attached to material things. I like to give away money, shoes, and clothes when they no longer fit me,” she added.

During the interview, Lisa Quama explained why female dancers have developed a sudden interest in wearing men’s outfits in the industry.

She stated that dancing is a profession predominantly dominated by men; therefore, to change the narrative, female dancers have adopted a masculine fashion style to help them feel more confident.

Watch the video below:

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JHM/EB

Professionalism, transparency and accountability will underpin my tenure

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COP Christian Tetteh Yohuno is the new IGP COP Christian Tetteh Yohuno is the new IGP

The newly appointed Inspector-General of Police (IGP) COP Christian Tetteh Yohuno has pledged to enhance professionalism within the Ghana Police Service.

Speaking after he had been sworn into office by President John Dramani Mahama at the Jubilee House on Friday, March 14, 2025, he emphasised his commitment to work in alignment with the government’s agenda to reset the country.

“I approach this responsibility with the utmost seriousness. Fully recognising the weight of expectations accompanying this role in alignment with the transformation and modernisation of the service. I pledge to hope the values, traditions and culture of the Ghana Police Service consistent with the resetting agenda.

“I assure you, that professionalism, transparency, accountability and fairness shall underpin my administration and focus on renewing attitudes and performance thereby positioning the service to meet aspirations of our people and foster peace and security in our country. So let me reaffirm a fundamental truth”, he noted.

JKB/MA

ECG promises to restore power after Thursday evening’s heavy rainstorm

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Electricity Company of Ghana (ECG) logo Electricity Company of Ghana (ECG) logo

The Electricity Company of Ghana (ECG) has assured the public that its engineers are working diligently to restore power following a heavy rainstorm on Thursday, March 13, 2025, which caused outages in parts of Accra and nearby areas.

In a statement, ECG said, “The heavy rainstorm that hit Accra and its environs this evening has caused some outages within our network. ECG wishes to assure all affected customers that our engineers are working assiduously to repair the faults and restore power supply. The inconvenience caused is deeply regretted.”

The storm brought heavy rainfall, leading to flooding along parts of the N1 Highway, particularly at the Ofankor Barrier stretch.

This resulted in severe traffic congestion, leaving many pedestrians stranded and motorists struggling to navigate the waterlogged roads.

Some drivers attempted to reverse their vehicles near the Neoplan Station to avoid getting stuck, but others were less fortunate, with several cars becoming completely submerged in floodwaters.

Shiashie was among the hardest-hit areas, with streets, homes, and businesses left underwater.

VKB/MA

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Watch how a massive crowd welcomed Kurt Okraku at the airport after CAF election victory

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Kurt Okraku (in black suit) received heroic welcome at the airport Kurt Okraku (in black suit) received heroic welcome at the airport

The President of the Ghana Football Association (GFA), Kurt Okraku, received a heroic welcome at Kotoka International Airport (KIA) upon his return to the country on March 14, 2025.

The massive crowd consisted of supporters dressed in red, gold, and green attire, with the ‘Black Stars’ inscription on the front of their shirts.

The enthusiastic fans sang a victory song while cheering Okraku to congratulate him on securing a position on the Confederation of African Football (CAF) Executive Committee.

Kurt Okraku earned a seat on the CAF Executive Committee (ExCo), marking a significant milestone for both himself and Ghanaian football.

The Dreams FC owner was elected to the esteemed board during the CAF Congress in Cairo, Egypt, on Wednesday, March 12, 2025. His election makes him the sixth Ghanaian to serve on the prestigious CAF ExCo.

Okraku’s appointment highlights Ghana’s growing influence in African football governance.

He now holds three major positions in football administration: WAFU Zone B President, GFA President, and CAF ExCo member.

Watch how Kurt Okraku was welcomed at the airport below:

Meanwhile, watch as football fans slam NPP over misleading betting tax comments

SB/MA

Angolan authorities’ actions tarnish the spirit of African Union

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Zanzibar's First Vice President, Othman Masoud Othman Zanzibar’s First Vice President, Othman Masoud Othman

A diplomatic standoff that unfolded at Luanda’s Quatro de Fevereiro International Airport on March 13, 2025, has raised serious questions about the spirit of unity and cooperation within the African Union.

In a statement, Zanzibar’s First Vice President, Othman Masoud Othman, expressed his disappointment after being detained for nearly eight hours at the airport alongside several other prominent African leaders.

Othman, who was accompanied by the Tanzania’s Ambassador to Zambia, Lieutenant General Matthew Edward Mkingule, was among a group of political figures invited to attend the Africa Democracy Forum, a high-profile international conference aimed at discussing governance and democracy across the continent.

Along with Othman, former presidents from Botswana and Colombia, the former Prime Minister of Lesotho, and various political leaders from African countries and beyond were detained without any explanation by Angolan authorities.

He condemned the actions of the Angolan authorities, calling them an “embarrassing diplomatic act” that was entirely unjustified.

Othman made it clear that such behavior undermines the core values of the African Union, particularly at a time when the President of Angola holds the Chairmanship of the AU.

“The actions taken against us have tarnished the spirit of the African Union, especially when the President of Angola is the current Chairperson of the AU,” Othman said in his statement.

“This is an act that should be strongly condemned by all Africans and other nations around the world who value and uphold the principles of brotherhood that were established by the Founding Leaders who fought for the independence of our continent.”

Despite his clear frustration with the treatment he and his fellow leaders received, Othman made it clear that he holds no animosity toward the people of Angola, a nation with whom Tanzania shares a long history of strong relations.

However, the incident has left him questioning the diplomatic standards within Africa’s leadership.

In the wake of the incident, Othman made the decision not to participate in the Africa Democracy Forum, opting instead to return to Tanzania.

He explained that he needed time to reflect on what had transpired, viewing it as an assault on both diplomacy and democracy within Africa.

“I believe I need time for deep reflection and to assess what was done to us, which was an attack on diplomacy and democracy within Africa,” Othman stated.

The incident, which lasted several hours and left the detained leaders exhausted, has sparked a wave of indignation across Africa.

The Zanzibar Vice President’s decision to withdraw from the event underscores the gravity of the situation, sending a clear message that African leadership must be held to higher standards of respect and solidarity.

Your Plot to Tarnish Dormaahene’s Image Will Fail – Angry Bono Influencers Attack Kofi Adoma and Wife

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A group of Tiktok users from the Bono area of the country have attacked Kofi Adoma for allegedly ‘faking’ being injured and participating in a plot to tarnish the Dormaahene’s image.

In a Tiktok live session, the angry Dormaa influencers attacked Kofi Adoma over his press conference in which he gave an update on his eye injury and revealed more details about the suffering he’s gone through.

During the presser, Adoma also took aim at the Dormaahene, Osagyefo Oseeadeayo Nana Agyeman Badu II. Kofi Adoma said he is completely shocked that since his injury, Nana has failed to check on him even though he was in Dormaa to cover a program for him when he got injured.

Reacting to Kofi Adoma’s attack on their ‘king’, the Dormaa-influencers accused him of not being really injured but plotting with Nana’s enemies to disgrace him.

Another one said even if Dormaahene invited him to the event, the fact that he got injured at that event does not make him Nana’s responsibility.

Watch below…