The Minority in Parliament has taken aim at Bank of Ghana Governor, Dr Johnson Asiama, accusing him of poor supervision in connection with the reported $214 million loss under the Gold-for-Reserves programme. Addressing journalists on Thursday, January 8, the Deputy Minority Leader and Member of Parliament for Asokwa, Patricia Appiagyei, faulted the handling of the programme during Dr Asiama’s tenure and demanded a full probe, insisting that those responsible must be held to account. According to the caucus, transparency and accountability are essential to maintaining public trust in Ghana’s financial institutions. They cautioned that unresolved concerns surrounding the losses could…
Author: MasemTV Newsroom
The Inspector-General of Police, Christian Tetteh Yohuno, has advised personnel of the Ghana Police Service to conduct their duties in strict adherence to human rights and the rule of law as police operations are scaled up across the country. Addressing officers at the commissioning of 100 new police vehicles on Thursday, January 8, the IGP acknowledged the government’s sustained support for the Service, noting that such investment reflects confidence in its leadership and mandate and must be complemented by professionalism and self-control. He emphasised that increased police presence and mobility should be matched with civility and restraint, stressing that law…
The Ghana Private Road Transport Union (GPRTU) has indicated that a reduction in transport fares will only be considered when overall operating conditions improve, despite growing calls on transport operators to lower fares following recent declines in fuel prices. This stance follows renewed pressure from energy sector analysts and industry watchers who argue that commuters should benefit from the recent drop in pump prices. However, GPRTU insists that although fuel prices have fallen within the current pricing window, the general cost of running transport businesses remains largely unchanged. The union, together with several commercial drivers, points out that major cost…
A political aide to former Vice President Dr. Mahamudu Bawumia has rejected claims that the opposition New Patriotic Party (NPP) is hoping for President John Dramani Mahama to fail in order to reclaim political power. Kofi Tonto stated that the NPP has welcomed recent positive developments under the Mahama administration, including a slowdown in inflation, strengthening of the cedi, and reductions in fuel prices, noting that such improvements are beneficial to all Ghanaians regardless of political affiliation. Speaking on JoyNews’ The Pulse on Wednesday, January 7, 2026, Mr Tonto emphasised that the NPP’s prospects of returning to government are not…
Former Minister for Information and Member of Parliament, Kojo Oppong Nkrumah, has dismissed reports suggesting that he stated GoldBod had incurred a loss of $214 million, describing such claims as inaccurate and misleading. According to Mr Oppong Nkrumah, he never made any assertion that the gold trading entity had recorded a $214 million loss, stressing that his earlier comments have been misconstrued or deliberately misrepresented in public discourse. He explained that his remarks were aimed at raising concerns and seeking clarity on the operations and financial performance of GoldBod, rather than attributing a specific loss figure to the company. The…
Former Finance Minister Ken Ofori-Atta has been detained by the United States Immigration and Customs Enforcement (ICE) over questions surrounding the status of his stay in the country, his legal team has confirmed. According to a statement released on the matter, Mr Ofori-Atta is currently cooperating fully with ICE while his lawyers engage the authorities to resolve the issue as quickly as possible. The statement explained that Mr Ofori-Atta has a pending petition for adjustment of status, a process under US law that allows an individual to remain legally in the country beyond the validity of an initial visa. His…
Ernest Kofi Owusu-Bempah Bonsu, a Senior Aide to Kennedy Agyapong and Deputy Director of Communications of the New Patriotic Party (NPP), has warned that the party could struggle to craft a compelling campaign message ahead of the 2028 general elections if the Ghanaian cedi continues its current strong performance under the present administration. According to Mr Owusu-Bempah Bonsu, the improving stability of the local currency would significantly weaken any economic criticism the NPP might seek to advance, particularly if former Vice President Dr. Mahamudu Bawumia emerges as the party’s flagbearer. He noted that currency stability has historically been a major…
Ernest Kofi Owusu-Bempah Bonsu, a Senior Aide to Kennedy Agyapong and Deputy Director of Communications of the New Patriotic Party (NPP), has stated that the recent performance of the Ghanaian cedi under President John Dramani Mahama poses a challenge for defending the economic record of former Vice President Dr. Mahamudu Bawumia. According to Mr Owusu-Bempah Bonsu, the relative stability and improved outlook of the local currency under the current administration has made it increasingly difficult for party communicators to justify or explain the economic outcomes recorded during the period when Dr. Bawumia was widely regarded as being in charge of…
Ernest Kofi Owusu-Bempah Bonsu, a Senior Aide to Kennedy Agyapong and Deputy Director of Communications of the New Patriotic Party (NPP), has admitted that discussions around the performance of the Ghanaian cedi have become uncomfortable for him, citing the party’s missed opportunity to stabilise the currency while in government. According to Mr Owusu-Bempah Bonsu, the current performance of the cedi highlights what he described as a lost chance by the NPP to implement measures that could have delivered similar results during its tenure in office. He noted that the improvement in the local currency under the present administration has shifted…
Spare parts dealers at Kumasi’s Suame Magazine have lauded President John Dramani Mahama’s administration for saving individual importers over GH¢48,000, attributing the benefit to the government’s efforts in stabilizing the cedi. In an interview with OTEC News reporter Kwame Agyenim, the dealers reflected on the president’s first year in office, noting that the stronger and more stable currency has positively impacted both their businesses and households. “One year ago, we needed about 178,000 cedis to buy 10,000 dollars. Now, only 130,000 cedis is enough for the same amount,” one dealer said. “We saved 48,000 cedis, a significant sum we can…