Author Archives: edwardkanawu

Bank of Ghana Defends Gold for Oil Scheme Despite Heavy Losses

 News Ghana August 10, 2025 Gold and Oil Ghana’s central bank is standing by its controversial Gold for Oil (G4O) programme, portraying it as a vital economic lifeline despite racking up losses of GH¢2.14 billion. First Deputy Governor Dr. Zakari Mumuni offered a robust defence at London’s C’NVERGE 2025 conference, calling the initiative a crucial tool that secured affordable fuel, ...

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Bonteso Assemblyman in custody over armed confrontation with anti-galamsey team

Crime & Punishment of Thursday, 14 August 2025 Source: www.ghanaweb.com   Police say the suspects will be transported to Accra for further investigation and prosecution A routine anti-illegal mining patrol turned violent on Wednesday August 13, 2025, when members of the Inspector General of Police’s Special Anti-Galamsey Task Force clashed with armed locals at Bonteso, leading to the arrest of an ...

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How Ghana’s media reported the August 6 tragedy

General News of Wednesday, 13 August 2025 Source: www.ghanaweb.com The eight persons who died in the helicopter crash on August 6, 2025 The tragic helicopter crash which claimed the lives of eight people, including top government officials and military personnel, sent shock waves across the nation on Wednesday, August 6, 2025. The disaster marked the first time in Ghana’s history that ...

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Bank of Ghana approves credit scoring to strengthen Ghana’s financial sector

Business News of Thursday, 14 August 2025 Disclaimer Source: GNA Bank of Ghana Headquarters The Bank of Ghana has given its approval for credit bureaus to begin implementing credit scoring in the country, a move aimed at enhancing responsible lending and strengthening the national credit infrastructure. This development follows significant improvements in Ghana’s credit reporting system, including the availability of high-quality ...

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MTN Ghana to temporarily suspend MoMo services on August 17

Business News of Thursday, 14 August 2025 Source: www.ghanaweb.com MoMo-related transactions will be affected from 12:00 a.m. to 6:00 a.m on Sunday Telecommunications giant, MTN Ghana, has announced a temporary suspension of its Mobile Money (MoMo) services in the early hours of Sunday, August 17, 2025. The six-hour downtime, scheduled from 12:00 a.m. to 6:00 a.m., will affect all MoMo-related transactions. ...

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Vanaf vandaag wordt migratiedeal tussen VK en Frankrijk getest

  Vanaf vandaag wordt migratiedeal tussen VK en Frankrijk getest Deel dit artikel Fleur Launspach correspondent Verenigd Koninkrijk en Ierland Nieuwe afspraken tussen Frankrijk en het Verenigd Koninkrijk om asielzoekers terug te sturen, gaan in vanaf vandaag. Migranten en asielzoekers die illegaal het Kanaal oversteken, kunnen worden vastgezet en teruggestuurd naar Frankrijk. De migratiedeal werd door president Macron en premier ...

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Trein ontspoord in Duitsland tijdens noodweer, drie passagiers omgekomen

Bij een ernstig treinongeval in de Duitse deelstaat Baden-Württemberg zijn volgens de Duitse politie drie mensen omgekomen. Ook zijn tientallen passagiers gewond geraakt. Onderzocht wordt of noodweer een rol heeft gespeeld bij het ongeluk. Buitenlandredactie 27-07-25, 19:52 Laatste update: 27-07-25, 22:23 Het ongeluk gebeurde iets na zes uur bij Kreis Biberach in Zuid-Duitsland. Volgens de politie raakten twee wagons volledig van de rails ...

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Tension escalates in Manso Tontokrom over planned military deployment to disputed mining site

Regional News of Sunday, 27 July 2025 Disclaimer Source: classfmonline.com some of the traditional leaders speaking during the press conference Renewed tension is mounting in Manso Tontokrom, a mining community in the Amansie South District of the Ashanti Region, as residents express strong opposition to alleged plans by Asanko Gold Mines to deploy military personnel to guard a disputed mining concession. ...

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Gold-for-Oil was not barter, only cash was paid – Dr Ato Forson clarifies

Business News of Friday, 25 July 2025 Source: www.ghanaweb.com The Gold-for-Oil program recorded massive losses and has been cancelled by the NDC government The Minister for Finance, Dr Cassiel Ato Forson, has clarified that the Gold-for-Oil programme introduced by the NPP government was not a barter arrangement. Rather, he explained, the government paid cash for the oil it purchased. According to him, ...

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Gold for Oil incurred losses worth GH¢2.14 billion despite positive impact on FX – BoG confirms

Business News of Sunday, 27 July 2025 Source: www.ghanaweb.com Government has discontinued the gold for oil programme The Bank of Ghana has confirmed that a total loss of GH¢2.14 billion was incurred under the Gold for Oil (G4O) programme in 2023 and 2024. According to a myjoyonline.com report, this was contained in a formal response to a request for information filed ...

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