The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has explained and defended the decision to suspend Ghana’s Gold-for-Oil programme, citing operational difficulties and the need to improve the policy’s overall effectiveness. The programme, which was halted in March 2025, had been introduced by the previous administration as a measure to reduce dependence on foreign exchange for fuel imports and stabilise domestic fuel prices. Appearing before Parliament’s Public Accounts Committee on Monday, Dr. Asiama said the decision to suspend the initiative has yielded positive results so far. “Since the cancellation of the Gold-for-Oil programme in March 2025, we…
Author: MasemTV Newsroom
The Ghana Institute of Management and Public Administration (GIMPA) has revealed that five lecturers who were sponsored to pursue doctoral studies abroad have failed to honour their bond agreements, leaving the institution with an outstanding debt of about GH¢1.7 million. The disclosure was made on Monday, January 12, during a sitting of Parliament’s Public Accounts Committee, where GIMPA’s Registrar, Victoria Kumbuor, detailed the defaults and steps being taken to recover the funds. According to the institute, Ann-Shirley Appiatse owes GH¢777,000, Julius Quarshie GH¢524,000, Dr Hanson Addy GH¢224,000, Afua Ataa Boakyewaa GH¢230,000, while Christiana Osei Bonsu has an outstanding balance of…
Former Minister of Finance and Member of Parliament for Karaga, Dr Mohammed Amin Adam, has downplayed the government’s announcement on the repayment of energy sector debts, arguing that such payments should not be overly publicised. His comments follow a statement by the Ministry of Finance declaring that the government had decisively addressed Ghana’s energy sector debt, describing the move as a major step towards restoring financial stability and boosting international confidence. In the statement issued on Monday, January 12, the Ministry said the John Mahama administration had, as of December 31, 2025, repaid a total of US$1.47 billion to rescue…
Time for Otumfour Osei Tutu II to Consider a New Chapter for Kumasi Asante Kotoko – Engr. Yaw Ansah Engr. Yaw Ansah, former sports pundit of Ark FM and Space FM, both in Sunyani, and now NDC Constituency Secretary for Tano North, has expressed his dissatisfaction with how Kotoko is being managed. He said that aside from Otumfour doing great as a king, Kotoko is another platform that could also contribute to making the Asante Kingdom complete its greatness. “It’s a shame that those managing Kotoko after Herbert Mensah, Sylvester Owusu Asare, and Nana Yaw Amponsah have performed very abysmally…
The Chamber of Petroleum Consumers Ghana (COPEC) has disclosed that several Oil Marketing Companies (OMCs) have begun reducing fuel prices at the pumps within the ongoing pricing window. According to COPEC, these price cuts are consistent with recent declines in international refined petroleum prices, a relatively stable exchange rate, and heightened competition in Ghana’s liberalised downstream petroleum market. This was contained in a statement issued on January 6 and signed by the Executive Secretary of COPEC, Duncan Amoah. Mr Amoah explained that a review of prevailing pump prices shows petrol (Super) selling at GH¢10.56 per litre at Star Oil, GH¢10.99…
The government has paid a total of US$1.47 billion within its first year in office to clear legacy debts in the energy sector and reinstate Ghana’s World Bank Partial Risk Guarantee, according to the Ministry of Finance. In a statement, the ministry said the payments form part of broader efforts to stabilise the energy sector, improve liquidity for power sector institutions, and rebuild confidence among investors and development partners. The settlement of the outstanding obligations, the ministry explained, has enabled the restoration of the World Bank Guarantee, a critical instrument that underpins power purchase agreements and reduces financial risks for…
Former President Nana Addo Dankwa Akufo-Addo has praised the Presidential Election Committee of the New Patriotic Party (NPP) for what he described as an impressive and transparent approach to preparations ahead of the party’s presidential primary scheduled for Saturday, January 31. In a statement issued on Friday, January 9, after receiving a briefing from the Committee, the former president expressed satisfaction with the progress made in organising the internal election and the manner in which the process is being conducted. According to him, the Committee’s work has been characterised by clarity, openness, and strict adherence to democratic principles, helping to…
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has cautioned Ghana’s economic managers against premature celebration, warning that despite recent improvements, the economy is still in a fragile recovery phase. Speaking as a panellist on Channel One TV on Saturday, January 10, 2026, Mr Amoah described the country’s current economic situation as a “mixed bag”. While acknowledging that conditions have improved markedly compared to the intense volatility of the past three to five years, he stressed that the nation has not yet fully emerged from its economic challenges. According to him, the gains recorded so far…
Former Finance Minister Kenneth Nana Yaw Ofori-Atta has turned down consular assistance from the Ghana Embassy in Washington, DC, insisting that any engagement with embassy officials should take place only in the presence of his lawyers. This was disclosed in a statement issued on January 10, 2026, and signed by Ghana’s Ambassador to the United States, Victor Emmanuel Smith. The embassy confirmed in the release that Mr Ofori-Atta is currently in the custody of the United States Immigration and Customs Enforcement (ICE). According to the statement, the embassy moved promptly to establish the facts after learning of the former minister’s…
A borehole has been successfully commissioned at the Iddipe community, specifically at Hajia Hawa Lawer Aminu’s mother’s residence near the mosque. The community has expressed profound gratitude to the Almighty Allah for this important development. Special appreciation goes to the Honourable Member of Parliament for Salaga South, Hajia Zuwera Mohammed Ibrahimah, for initiating and supporting this life-changing project. The borehole will significantly improve access to clean and safe drinking water for residents of the area. The community prays that Allah grants the Honourable MP her heart’s desires in this life and the hereafter and that she will always be remembered…