The International Monetary Fund (IMF) has identified three critical reforms Ghana must urgently implement to ensure lasting macroeconomic stability and sustain its ongoing economic recovery. According to the IMF, the priorities include maintaining fiscal discipline, securing financial sustainability in the energy sector, and strengthening governance across state-owned enterprises (SOEs). The Fund acknowledged that Ghana has made significant progress under its Extended Credit Facility (ECF) programme, meeting all quantitative targets for the June 2025 review. In September 2025, Ghana completed a staff-level agreement for the fifth review of the programme, with final approval from the IMF Executive Board expected by the…
Author: MasemTV Newsroom
The Attorney-General’s Department has withdrawn all charges against the General Manager of Akonta Mining Limited, Mr. Edward Akuoko, after he agreed to serve as a key witness for the state in the ongoing galamsey (illegal mining) trial involving the company’s owner, Mr. Bernard Antwi Boasiako, popularly known as Chairman Wontumi. Mr. Akuoko was facing multiple charges, including illegal mining and unlawful entry into the Tano Nimire Forest Reserve in the Ahafo Region. However, during proceedings at the High Court, state prosecutors informed the court that the General Manager had offered to cooperate fully with the state and provide crucial testimony…
The Member of Parliament for Asutifi South, Collins Dauda, has clarified his role in the recent confrontation between residents of Hwidiem and the National Anti-Illegal Mining Operations Secretariat (NAIMOS) taskforce. Speaking on Asempa FM on Monday, November 3, 2025, Collins Dauda denied claims that he instructed the release of arrested miners and explained how the Asutifi North MP became involved in the matter. Collins Dauda said he first became aware of the military operation in his constituency while attending meetings of the Pan-African Parliament in South Africa. Upon receiving multiple calls from constituents, he asked the Assembly member to visit…
The Auditor-General, Johnson Akuamoah Asiedu, has published an interim list of rejected and pending claims, commitments, and Bank Transfer Advices (BTAs) submitted by the Minister for Finance, Cassiel Ato Forson, for verification as part of efforts to ensure transparency and accountability in the management of public funds. The Ministry of Finance had earlier submitted to the Auditor-General all outstanding commitments, claims, and BTAs as of December 31, 2024, to be audited before any payments were made. These claims relate to works executed and services rendered under various government projects across Ministries, Departments, and Agencies (MDAs) nationwide. According to the Auditor-General,…
The government has announced plans to reduce the GH¢1,070 registration fee charged to courier operators in a move aimed at easing the financial burden on players in the sector and boosting compliance with industry regulations. The decision follows extensive consultations with stakeholders after the suspension of enforcement activities by the Courier Services Regulatory Commission earlier this year. Appearing before the Public Accounts Committee (PAC), the Minister for Communication, Digital Technology and Innovation, Sam George, said the reviewed fees will be captured in a new fees Bill expected to be laid before Parliament soon. He explained that the ministry has placed…
The Office of the Special Prosecutor has announced the arrest of the Acting Head of Legal at the Ghana Revenue Authority (GRA), Freeman Sarbah. In a post shared on X on Monday, November 3, 2025, the OSP indicated that the arrest was in connection with its investigation Into the GRA-Strategic Mobilisation Ghana Limited (SML) revenue assurance contract. “The Office of the Special Prosecutor (OSP) has arrested the Acting Head of Legal at the Ghana Revenue Authority (GRA), Freeman Sarbah. “Mr Sarbah is under investigation for suspected corruption and corruption-related offences, as well as obstruction of justice, in respect of the…
The Member of Parliament for Asutifi North Constituency, Hon. Ebenezer Kwaku Addo, has issued a press release addressing recent reports alleging his involvement in a confrontation between residents of Asutifi South and a Military Taskforce deployed on National Assignment (NAIMOS). In a detailed statement dated November 3, 2025, the MP described the incident as unfortunate and provided a chronology of events leading to the tension. According to him, while on his way to attend a funeral at Acherensua on November 1, 2025, he learned of a military operation taking place at a gold extraction site near Hwidiem. Upon inquiry, he…
Economist Professor Ebo Turkson says government must use the 2026 budget to embark on a comprehensive restructuring of the economy amid signs of macroeconomic stability. He argues, the current momentum to drive economic diversification, particularly as it rolls out the 24-hour economy policy, noting that part of the recent stability stems from favourable commodity prices, including gold, which has strengthened fiscal and external positions. “We need to structurally transform our economy. Most of what we are seeing now is also coming from the fact that the balance of payment is good. Gold is good, the gold for reserves has helped…
The Food and Beverages Association of Ghana (FABAG) is demanding a business-friendly 2026 budget that prioritises industrial recovery and restores confidence among manufacturers. The Association has thus outlined seven key expectations it wants reflected in the upcoming budget including a reduction in nuisance taxes, measures to stabilise the foreign exchange market and inflation as well as policies to support local manufacturing and value addition. Executive Chairman of FABAG, John Awuni, in a statement said the food and beverage sector continues to face mounting challenges that are eroding investment and threatening jobs.. He made the point that rationalising taxes and ensuring…
The International Monetary Fund (IMF) has commended government for demonstrating stronger fiscal discipline in 2025. The current administration’s spending controls according to the Fund is a significant improvement over 2024, when higher expenditure and exchange rate depreciation fuelled inflationary pressures. According to the IMF, the improved fiscal performance has helped narrow the budget deficit, ease pressure on the cedi and reinforce price stability – key factors driving the country’s sharp decline in inflation to single digits for the first time in four years. Speaking on a yet to be aired interview on the Point of View with Bernard Avle, IMF…