Category: Ghana

  • “Trump’s unfounded attack on Cyril Ramaphosa was an insult to all African”-President John Dramani Mahama

    If we want to solve injustices in Africa today, we cannot forget the injustices that shaped our shared history
     
    The meeting at the White House between Donald Trump and the South African president, Cyril Ramaphosa, was, at its heart, about the preservation of essential historical truths.
     
    The US president’s claims of white genocide conflict with the actual racial persecution and massacres that took place during the two centuries of colonisation and nearly 50 years of apartheid in South Africa.

    It is not enough to be affronted by these claims, or to casually dismiss them as untruths. These statements are a clear example of how language can be leveraged to extend the effects of previous injustices.

    This mode of violence has long been used against Indigenous Africans. And it cannot simply be met with silence – not any more.

    The Kenyan writer Mzee Ngũgĩ wa Thiong’o wrote: “Language conquest, unlike the military form, wherein the victor must subdue the whole population directly, is cheaper and more effective.”

    African nations learned long ago that their fates are inextricably linked. When it comes to interactions with the world beyond our continent, we are each other’s bellwether.

    In 1957, the year before my birth, Ghana became the first Black African country to free itself from colonialism. After the union jack had been lowered, our first prime minister, Dr Kwame Nkrumah, gave a speech in which he emphasised that, “our independence is meaningless unless it is linked up with the total liberation of Africa”.

    Shortly after, in 1960, was the Sharpeville massacre in South Africa, which resulted in 69 deaths and more than 100 wounded. In Ghana, thousands of miles away, we marched, we protested, we gave cover and shelter.

    A similar solidarity existed in sovereign nations across the continent. Why? Because people who looked like us were being subjugated, treated as second-class citizens, on their own ancestral land. We had fought our own versions of that same battle.

    I was 17 in June 1976, when the South African Soweto uprising took place. The now-iconic photo of a young man, Mbuyisa Makhubo, carrying the limp, 12-year-old body of Hector Pieterson, who had just been shot by the police, haunted me for years.

    It so deeply hurt me to think that I was free to dream of a future as this child was making the ultimate sacrifice for the freedom and future of his people. Hundreds of children were killed in that protest alone. It is their blood, and the blood of their forebears that nourishes the soil of South Africa.

    The racial persecution of Black South Africans was rooted in a system that was enshrined in law. It took worldwide participation through demonstrations, boycotts, divestments and sanctions to end apartheid so that all South Africans, regardless of skin colour, would be considered equal.

    Nevertheless, the effects of centuries-long oppression do not just disappear with the stroke of a pen, particularly when there has been no cogent plan of reparative justice.

    Despite making up less than 10% of the population, white South Africans control more than 70% of the nation’s wealth. Even now, there are a few places in South Africa where only Afrikaners are permitted to own property, live, and work.

    At the entrance to once such settlement, Kleinfontein, is an enormous bust of Hendrik Verwoerd, the former prime minister who is considered the architect of apartheid.

    Another separatist town, Orania, teaches only Afrikaans in its schools, has its own chamber of commerce, as well as its own currency, the ora, that is used strictly within its borders.

    It has been reported that inside the Orania Cultural History Museum there is a bust of every apartheid-era president except FW de Klerk, who initiated reforms that led to the repeal of apartheid laws.

    Both Kleinfontein and Orania are currently in existence, and they boast a peaceful lifestyle. Why had the America-bound Afrikaners not sought refuge in either of those places?

    Had the Black South Africans wanted to exact revenge on Afrikaners, surely, they would have done so decades ago when the pain of their previous circumstances was still fresh in their minds. What, at this point, is there to be gained by viciously killing and persecuting people you’d long ago forgiven?

    According to the UN Department of Economic and Social Affairs, half of the population of South Africa is under 29, born after the apartheid era and, presumably, committed to building and uplifting the “rainbow nation”. For what reason would they suddenly begin a genocide against white people?

    Ramaphosa was blindsided by Trump with those unfounded accusations and the accompanying display of images that were misrepresented – in one image, pictures of burials were actually from Congo. Trump refused to listen as Ramaphosa insisted that his government did not have any official policies of discrimination.

    “If you want to destroy a people,” Archbishop Desmond Tutu once said, “you destroy their memory, you destroy their history.” Memory, however, is long. It courses through the veins of our children and their children.

    The terror of what we have experienced is stored at a cellular level. As long as those stories are told, at home, in church, at the beauty and barber shop, in schools, in literature, music and on the screen, then we, the sons and daughters of Africa, will continue to know what we’ve survived and who we are.

    Mzee Ngũgĩ wa Thiong’o wrote: “The process of knowing is simple. No matter where you want to journey, you start from where you are.” We journey forward with a history that cannot be erased, and will not be erased. Not while there are children dying in the mines of the Congo, and rape is being used as a weapon of war in Sudan.

    Our world is in real crisis; real refugees are being turned away from the borders of the wealthiest nations, real babies will die because international aid has been abruptly stopped, and real genocides are happening in real time all across the globe.

    SOURCE

    THE GUARDIAN ONLINE

  • ACCRA, Ghana, May 28, 2025/ — The Mining in Motion Summit (MininginMotionSummit.com) is pleased to announce the participation of Hon. Ibrahim Murtala Muhammed, Ghana’s Minister for Environment, Science, Technology and Innovation, as a speaker. Hon. Muhammed’s involvement underscores the government’s commitment to environmentally responsible mining, technological innovation and scientific advancement in the extractive sector.

    As the head of the ministry leading innovation and sustainability, Hon. Muhammed is spearheading initiatives to align mining operations with national development goals and environmental stewardship. His efforts include forging partnerships with global public and private stakeholders to implement science-based solutions and sustainable practices.

    In April 2025, the Minister met with Park Kyongsig, Ambassador of the Republic of Korea (apo-opa.co/45r33JW) to Ghana, to explore bilateral cooperation on climate change and environmental protection. Their discussions centered on leveraging Korean expertise to restore water bodies impacted by illegal mining and address the root causes of environmental degradation.

    In February 2025, Hon. Muhammed reiterated the government’s commitment (apo-opa.co/4dV4wKZ) to leveraging local innovation as a driver of economic growth, particularly within key industries like mining, which continues to play a vital role in Ghana’s economy. Gold exports reached $11.6 billion in 2024, accounting for 57% of the country’s total export revenue, highlighting the sector’s significance in national development.

    In line with modernization efforts, the government, through the Minerals Commission of Ghana (apo-opa.co/3H8AM0P), is equipping the next generation of workers with skills in emerging technologies such as drones, which are being deployed to support automation and improve sector monitoring.

    Under the World Bank-funded Ghana Landscape Restoration and Small-Scale Mining Project (apo-opa.co/4kHR9Qr), the country is actively addressing land degradation and promoting sustainable practices among artisanal and small-scale miners, ensuring mining sector contribution to economic growth and long-term environmental and social sustainability.

    At Mining in Motion, Hon. Muhammed will engage with key stakeholders from the mining industry, academia and civil society to exchange insights on policy, innovation and the future of mineral resource governance in Ghana.

    The summit, led by the Ashanti Green Initiative under the leadership of Oheneba Kwaku Duah, Prince of the Ashanti Kingdom, is hosted in partnership with the World Bank and the World Gold Council.

    Distributed by APO Group on behalf of Energy Capital & Power.

    For sponsorship opportunities or delegate participation, contact: 
    sales@ashantigreeninitiative.org

    About Mining in Motion Summit:
    Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting small-scale miners and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting www.MininginMotionSummit.com.

    SOURCE
    Energy Capital & Power

  • Ghana develops Data Exchange Hub to power AI for national development

    Ghana develops Data Exchange Hub to power AI for national development

    By: Ghana News Online

    Minister for Communication, Digital Technology and Innovations, Samuel Nartey George has announced that government is developing a one-stop-shop Data Exchange Hub to power Artificial Intelligence for national development.

    The Minister made the announcement in a speech read on his behalf by the CEO of the Kofi Annan ICT Centre, Dr. Collins Yeboah-Afari at the opening of the maiden Ghana AI Summit and Awards in Accra.

    The summit, organized by Knowledge Innovations in collaboration with Deloitte Ghana, was under the theme “Harnessing Artificial Intelligence for Sustainable Development: Hype or Reality?” and featured an impressive line-up of speakers and panellists who are at the forefront of AI innovation and application.

    Sam George stated that the John Dramani Mahama government is committed to making Ghana Africa’s leading AI hub by the end of its tenure.

    He however noted that Ghana’s rich and vast data resources, which are much needed to make the country an AI hub, remain locked away in silos, limiting their potential for driving innovation and economic development.

    “Large companies and institutions generate massive amount of data yet much of it remain underutilized. The problem is not lack of information but its fragmentation. Data is scattered across different systems making it difficult to integrate, analyse and extract meaningful insights from it,” he said.

    According to him, without a unified approach to data management, businesses will struggle to leverage AI and advanced analytics effectively.

    “To address this we are developing a Data Exchange Hub, which is a centralized platform designed to unify Ghana’s scattered data resources. This hub will serve as the backbone of country’s AI future, enabling seamless data access for application, data sciences and business users alike,” the Minister stated.

    Sam George argued that integrating diverse data sets into one exchange will empower decision makers with real-time data insights, streamline governance and ensure efficient data flow across all government institutions and sectors.

    This initiative, he said, will not only enhance data accessibility, but also establish a strong foundation for AI-driven innovation across industries.

    “With a well structured data ecosystem, Ghana can unlock the full potential in AI, strengthening its position as a leader in AI adoption and digital transformation on the continent,” the Minister said.

    Digitalizing 100 billion physical records

    Sam George said, in addition to building the Data Exchange Hub, government will also digitalize all analogue records across hospitals, universities, and all public institutions, adding that over the next four years the target is to digitalize at least one hundred billion physical records.

    According to him, such a massive digitalization project will ensure structured, anonymized and protected data that aligns with global data governance frameworks.

    Home-grown AI Language Models

    The Minister also noted that most western AI models were designed with a western perspective making them less effective in addressing Africa’s needs.

    He said, to bridge this gap, “we are developing home-grown AI language models tailored to the Ghanaian and African context.”

    Sam George explained that the goal is the create AI systems that understand and communicate Ghana’s local languages, ensuring that technology serves all citizens and not just those who speak English.

    He said the models being designed will be voice-based to ensure that farmers and persons who can neither read English nor their native dialects can still have AI systems speak to them in their own dialects and guide them according to their specific needs.

    “This is especially crucial for farmers and fisherfolk in rural areas who could really benefit from AI tool for precision farming, weather forecasting, market insights and resource management,” he said.

    The Minister stated that Ghana is currently presented with a great opportunity to leverage AI to accelerate its development in the areas of finance, healthcare, agriculture, education and governance, adding that making AI inclusive helps to drive sustainable development across the length and breadth of the country on the back of digital technology.

    Reviewing all Tech Sector Legislations 

    Sam George noted that to make none of the foregoing laudable goals can be achieved without a proper legal and regulatory framework that are in tune with the times.

    In that regard, he said the National AI Strategy developed in 2022 for the next decade (2023 – 2033) with the help of GIZ, was a step in the right direction. The strategy creates the framework for AI adoption and governance in the country over the period.

    But the Minister said there is the need to review that strategy as well as all industry legislations and regulations to ensure they align with national priorities.

    “Since assuming office, I have directed the review of the National AI Strategy and all relevant legislations to ensure alignment with emerging AI trends. This review covers key areas such as data governance, AI ethics, privacy protection and regulatory frameworks for fintech and digital platforms,” he said.

    The Minister believe the review of legislation and regulations will set the tone for smooth integration of fintech and other digital platforms to the Data Exchange Hub, the language models and other AI tools to drive inclusive and ethical AI innovation across the country.

    Other speakers at the event touched mainly on the need to ensure ethical innovation and application of AI tools to ensure that users are protected and not harmed by AI.

    Source:

    Ghana News Online/techfocus24.com

     

  • Ghana Drives Small-Scale Gold Mining (ASGM) Growth, Sustainable Mining with Global Partnerships

    Ghana Drives Small-Scale Gold Mining (ASGM) Growth, Sustainable Mining with Global Partnerships

    ACCRA, Ghana, March 26, 2025/ — Ghana is strengthening its collaboration with international partners to enhance (https://apo-opa.co/4kYCvVX) its small-scale gold mining (ASGM) sector and the broader gold value chain for socioeconomic development.
    The Ashanti Green Initiative, led by Oheneba Kwaku Duah, Prince of Ghana’s Ashanti Kingdom, is spearheading the inaugural Mining in Motion Summit in partnership with the World Bank and the World Gold Council.
    Scheduled for June 2-4, 2025 in Accra, the summit brings together stakeholders from Ghana’s ASGM sector, major mining players and global investors to discuss best practices for further empowering the ASGM industry.
    In 2024 alone, ASGM contributed $5 billion in export revenue and employed over one million people, underscoring its significance in Ghana’s mining landscape and economy.

    Global Partnerships and ASGM Growth 

    Ghana is also implementing (https://apo-opa.co/3QLQQXV) the Ghana Landscape Restoration and Small-Scale Mining Project, in partnership with the World Bank, to formalize the ASGM sector through the empowerment of District Mining Committees. Given the sector’s potential for job creation, the project plays a crucial role in advancing Ghana’s employment and economic growth agenda.

    Additionally, Ghana is leveraging expertise and financing from global partners to enhance local value addition.
    The country’s Central Bank and India’s Rosy Royal Minerals have been operating the Royal Ghana Gold Refinery (https://apo-opa.co/4c2ec58) since its launch in August 2024.
    The facility presents a transformative opportunity for the ASGM industry, enabling greater contributions to GDP growth through value-added gold products. In November 2024, the Minerals Income Investment Fund of Ghana partnered with South Africa’s Mintek to boost the technical expertise of local miners.

    Global Cooperation on Industrial Mining 

    Ghana’s industrial mining sector is also witnessing significant international cooperation, with new projects set to expand production. Cardinal Resources is set to boost Ghana’s gold output by 358,000 ounces with the launch of the Namdini Mine in mid-2025, while Newmont’s Ahafo North Project will add another 325,000 ounces in the second half of the year.Meanwhile, Canadian mining firm Asante Gold is preparing to select a contractor for its Bibiani Mine Expansion Project in Q3 2025.

    The UAE, which accounted for 40% of Ghana’s gold exports in 2024, continues to play a significant role in the sector’s expansion. UAE-based Emiral Resources Limited, the majority shareholder in Asante Gold, is investing in new mines and the modernization of existing facilities in Ghana through Asante Gold’s $525 million expansion strategy.

    Amid increasing global partnerships in Ghana’s mining sector, Mining in Motion 2025 seeks to expand these collaborations, providing a platform for deal signings and strategic partnerships to promote responsible and sustainable gold mining.

    The event will feature high-level panel discussions and exhibitions from key decision-makers, including Otumfuo Osei Tutu II, King of the Ashanti Kingdom; H.E. John Dramani Mahama, President of Ghana; and representatives from the United Nations, African Union and ECOWAS, highlighting lucrative investment opportunities in Ghana’s burgeoning gold mining sector.

    Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting ASGM and medium- to large-scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting www.MininginMotionSummit.com.

    For sponsorship opportunities or delegate participation, contact Sales@ashantigreeninitiative.org
    Distributed by APO Group on behalf of Energy Capital & Power.

    SOURCE

    Energy Capital & Power

  • Boosting Ghana’s Industrial Development: A Strategic Approach-(By:Charles Dzradosi)

    Boosting Ghana’s Industrial Development: A Strategic Approach-(By:Charles Dzradosi)

    Former Secretary,Avetime-Vane Citizens Association

    First Edition published in the Evening News of July 4th 2001

    Introduction

    After a sharp contraction of 1.7% in 2023, Ghana’s industrial sector rebounded with a strong 7.1% growth in 2024, driven by mining, manufacturing, construction, and electricity.

    The 2025 Budget has projected a modest 4.8% growth in 2025. The 2024 performance, compared with the projected growth for 2025  has been the subject of some debate among analysts, but no clear reasons have been offered to explain the low projections.

    Even though there are various theories being propounded as explanations to Ghana’s generally  slow down in industrial growth over the last three decades, not much has been achieved especially in the manufacturing sub-sector, beyond the flagship programmes promoted over the last ten years.

    Personally, I think that what has been lacking for many years is the necessary political will to deal with some of the structural and attitudinal issues at stake.

    However, on the other hand, because of the complex challenges facing the nation as a whole, I believe it takes more than just a change in government policy or political will to grapple with the problems and challenges of the industrial sector as a whole, and the manufacturing sub-sector in particular.

    Reviewing Trade Liberalization

    There is no doubt that the current structure of the economy of Ghana favors the importation of all kinds of products, and encourages the buying and selling of foreign goods in the country.

    Trade liberalization policies over the decades have opened up the economy to more foreign imports of industrial goods and processed foods. Whiles this has to some extent challenged local industries to be more efficient and innovative, some of them cannot compete on the local market because of the relatively low import tariffs levied on the competing imported products.

    The result is that local industries – both large and small are unable to expand and grow substantially. More and more people are therefore leaving agriculture and small-scale industrial production and going into the buying and selling business.

    To help arrest this trend, ASSI, AGI, Ghana Employers Association, TUC and other stakeholders must work with government to review import duty levels on selected imports, and also review the trade liberalization policy in general.

    Changing attitudes of society

    On the other side of the coin Ghanaians must reassess their tastes for foreign goods and learn to appreciate Ghana-made products. Questions are always been raised about the quality of some Ghanaian products. But many forget that barely sixty years ago the Japanese were associated with poor quality goods.

    Where is our national pride? The “Adjoa Yankey” tag that was placed on Ghana-made batik especially in the late 1980s was not an issue of the quality of the batik, but of the mentality that low-priced and affordable locally produced cloth is of low value. Now more than ever before, the slogan – “Buy made in Ghana goods!” must become one of the cornerstones of the country’s industrialization strategy.

    Encouraging positive business ethics

    Another attitudinal problem facing our industrial development is the individualism and one-man-business culture among most Ghanaian entrepreneurs. This negative business attitude does not help promote the sustainability of enterprises.  It is a well-known fact that many Ghanaian enterprises flourish and die off with the life-cycle of the founder.

    To arrest this problem, schools, polytechnics and universities for the learning of business, science and technology, must improve their curricula with the learning of ethics and social values that promote and encourage team-ups among entrepreneurs and within enterprises in order to enhance productivity and sustainability.

    Promoting Entrepreneurial Success stories

    The government and the industrial sector must also team-up to promote the success stories of local entrepreneurs in industry to serve as examples for others. Small and medium scale entrepreneurs who have excelled in their various fields and who have a willing-to-share attitude, should be directly supported with funds to enable them expand and develop better technologies and systems of production.

    Any such entrepreneur that has been supported will then be required to offer training services for other entrepreneurs in a similar venture, thus enhancing total productivity in that industry.  This strategy will also spare the government of any obligation to spread limited funds thinly and inefficiently over too many industries of similar orientation.

    Formulating A Strategic Industrial Policy Focus

    One of the tendencies of export promotion in Ghana is the unrestricted manner in which a wide range of products is exported as “Ghanaian Products”. In many instances however similar products are exported with different levels of quality, with inconsistent measurements, with different prices and/or with unclear labeling, etc.

    The result is that products that are of good quality are “contaminated” with those that have poor quality. Foreign markets are unable to keep track of the quality and price differentials of the same products supposedly coming from the same country.

    This situation eventually erodes confidence in potential foreign markets. One solution to this problem therefore is to support a new generation of entrepreneurs to become more professional in business and encourage them to network among themselves and so ensure mutual compliance to product standards, especially for the export market.

    Pursuing Comparative Advantages

    Another issue within this context is Ghana’s lack of focus on goods and products for which Ghana has comparative advantages. The point must be emphasized that government must pursue a policy of strategic prioritization of selected processed and semi-processed products for which Ghana has comparative advantages.

    This will enable a more focused, specialized and stable position in the global economy and also shape Ghana’s industrial image abroad. This strategic focusing should therefore not be confused with the negative effects of focusing on cocoa, timber and gold. (This is because we hardly add value to these primary export products).

    If we support these strategic products we will get to that point where Ghanaian manufacturers and exporters can oblige foreign markets to scramble for our unique and quality products no matter the price.

    Achieving Self-sufficiency

    The increased globalization of the world economy implies that national economies and industries that rely heavily on foreign markets will be prone to the vicissitudes of those markets.

    On this score it is almost impossible for governments to undertake any successful interventionist program in the short term. However one important strategy is for developing countries to ensure self-sufficiency in their basic food and material needs. Food self-sufficiency is not only necessary for basic human survival and for ensuring savings on scarce foreign exchange, but also, if properly directed it will produce surpluses for food processing and manufacturing industries.

    Conclusion

    The main conclusion from the above discussion is that developing countries like Ghana must take time to assess and optimally utilize their internal human and natural resources as a basis for launching into the global market. This strategy, which has gained currency within development circles is known as “glocalization” – a fusion between global demands and local resource endowments.

    If we as a people do not find our own internally generated ways of getting past international trade barriers, no amount of globalization will change our socio-economic conditions. For indeed, the structural relationship we currently have with our trading partners is one of the major causes of our poverty and indebtedness.

     

  • Piloting Cedi-Naira Currency Swaps Fintech Solutions

    Piloting Cedi-Naira Currency Swaps Fintech Solutions

    By: Mohammed A. Abu

    Ghana’s Central Bank (Bank of Ghana) has denied some earlier local media publications that it had licensed MTN Ghana to conduct cross-border transactions with MTN Nigeria.

    The bank under its Sandbox programme to study emerging Fintech innovations, has rather approved Brij Fintech Ghana, a licensed Payment Service Provider(PSP) to conduct a limited testing of BrijX-a B2B Currency Swap Platform,it said in a Public announcement in Accra,Thursday.

    The platform the Bank said, is built to act as a digital marketplace that collaborates with banks, mobile money operators and licensed PSPs to enable direct currency swaps between the Ghanaian Cedi and the Nigerian Naira without the need for forex or movement of funds across borders.

    The Pilot, which was approved in 2024, the Bank disclosed, began life testing in February 2025, with MoMo Customers and soon with G-Money customers.

    The testing, it added, is safely governed by several restrictions including transaction limits, limits on the number of customers and testing period while it has also ensured, the incorporation of Anti-Money Laundering(AML), Know Your Customer(KYC) and consumer protection requirements.

    “At the end of the pilot project, Bank of Ghana will review the results to determine the appropriateness of the BrijX model to inform future policy” the Bank said adding, “The Bank remains committed to being responsive to stakeholder interest in safe, efficient and affordable cross-border payments particularly in Africa and will continue regulatory exploration through this and other on-going initiatives”

  • Resetting Ghana’s Economy to break the Loans and Aid Dependency Jinx

    Resetting Ghana’s Economy to break the Loans and Aid Dependency Jinx

    By: Mohammed Abu

    Ghana’s President John Dramani Mahama in Accra,Thursday,emphasized the importance of backing up good policies with proactiveness on the part of the part of all national stakeholders  in other to  realise  the much desired change in the economic situation of the country.

    “This is a defining moment, but policies alone, no matter how well-couched, will not change our reality—action will” adding, “As your president, I am taking the necessary actions to create growth opportunities and enhance our economic independence”

    President Mahama was delivering his speech to mark the 68th  Independence Anniversary Celebrations at the Office of the President this year instead of holding the event at the Independence park or Black Star Square.

    This, President Mahama explained, was intended to save cost in holding the  annual most important and celebrated event given the economic circumstances the country currently finds herself.

    President Mahama called on young Ghanaians to step up, seize opportunities  being created by his administration and contribute to building a self-sufficient nation as Ghana’s economic future is in their hands.

    Proclaiming self-reliance President noted, while marching straight to the doors of donor agencies, begging bowl in hand, is meaningless.

    His administration he said, is formulating policies based on fiscal discipline and living within our means to break this cycle of dependence and reset our economy while  also striving to expand the country’s  economy to yield prosperity for all.

    “We are working to implement the 24-hour economy program to ensure that our economy never sleeps. This will allow us to create the necessary job expansion, boost productivity, increase our export capacity and trade footprint, and reduce our need for foreign aid”.

    Opportunities

    USD10 Billion Big Push Fund.

    The US$10 billion Big Push Initiative President Mahama disclosed, will also modernize infrastructure, create jobs, and stimulate local industries, ensuring that our development is driven from within rather than funded from outside.

    Agriculture

    Agriculture, President Mahama noted, remains our biggest opportunity to reduce import dependence. With over US$2 billion spent annually on food imports, the Agriculture for Economic Transformation Agenda (AETA) is structured to strengthen local agribusiness and ensure food security.

    Local Food Production Self Sufficiency Interventions 

    The Feed Ghana Programme he further noted,will drive mass food production and stabilize prices. At the same time, the Poultry Farm-to-Table Initiative will boost domestic production and processing to directly address our 95% reliance on imported poultry.

    ‘The success of these policies depends on active citizen participation, particularly from young people. The AgriNext Programme will equip 30,000 youth with land, training, and agribusiness opportunities”.

     Farming Inputs and Logistics Support

    Farmer Service Centres in every district President Mahama said ,will provide access to mechanization, quality seeds, and fertilizers to boost local food production.

     

  • Ghana’s National Economic Dialogue ends in Accra with Key Policy Recommendations

    Ghana’s National Economic Dialogue ends in Accra with Key Policy Recommendations

    Story: Mohammed Abu

    Ghana’s two-day National Economic Dialogue has ended in the country’s  capital City of Accra with recommendations bordering  on  a number of key issues

    Monetary Policy

    In other to strengthen monetary policy operations and effectiveness, it was recommended that coordination between the Ministry of Finance and Bank of Ghana be enhanced so as to ensure fiscal and monetary policy alignment. Then also, the Bank of Ghana should work with key stakeholders to integrate Fintech/liquidity transactions into overall banking sector liquidity system.

    Foreign Exchange Markets

    In other to improve the operation of foreign exchange markets, a review of the foreign exchange regime to support exchange rate stability as well as well as, strengthening the regulation of forex bureaus and eliminate illegal foreign exchange markets were recommended.

    Banking and Financial System

    For strengthening the banking system and financial intermediation, recapitalization of the Bank of Ghana, conduction of feasibility study and development of the regulatory framework for non-interest banking (Islamic financing), prioritization of the improvement of Ghana’s sovereign rating, the improvement of the efficiency of institutions relevant for perfecting collaterals and the limitation of political interference in the operations of the banks, were recommended.

    President John Dramani Mahama in a Keynote address to open the two-day event on Monday, assured that he has the political will to see through all the reforms that would be pro­posed at the end of the National Economic Dialogue underway in Accra.

    President Mahama said consensus building and consultation would be the hallmark of this administra­tion because “I believe that all of us as Ghanaians have a role to play in the development of our dear nation”.

    President Mahama said it was time to col­lectively build a resilient, competitive and robust economy that worked for all citizens.

    “The time for transformation is now. Let us embrace our economic transformation and unlock the full potential of our beloved country. Let us work together to build a resilient, competitive and a prosperous Ghana,” President Mahama stressed.

    Led by the President and held under the theme, “Resetting Ghana: Building the Economy We Want Together.” discussions centered on macroeconomic stability, economic transformation, infrastructure development, structural reforms, private sector growth, and governance.

    President Mahama also stressed the importance of transparency in government procurement, calling for an end to the overuse of single-source contracts.

    Single-sourced procurement must be rare, not the norm,” he declared, signaling a policy shift towards competitive bidding and fiscal accountability.

    Finance Minister Dr. Cassiel Ato Forson on his part, warned that, Ghana’s economic crisis is still unfolding and will require significant sacrifices from all citizens.

    The full length of the crisis is still unravelling by the day. The situation requires significant sacrifice from all of us,” he noted.

    Dr. Forson also disclosed that almost all state-owned enterprises (SOEs) are in financial distress, from the Electricity Company of Ghana (ECG) to the Agricultural Development Bank (ADB).

    The presenters, line-up included, Mr. Leslie Dwight Mensah, Prof. Ebo Turkson, Mrs. Abena Osei-Poku, Mr. David Ofosu-Dorte, Dr. Elikplim Kwabla Apetorgbor, and Mr. Franklin Cudjoe, who shared insights and policy recommendations.

    The discussions were guided by expert moderators, including Governor of the Bank of Ghana under the erstwhile Kufour administration Dr. Paul Acquah, Dr. Edward K. Brown, Mr. Joe Mensah, Mr. Felix Addo, Prof. K. K. Sarpong, and Dr. Emmanuel Akwetey of Institute for Democratic Governance(IDEG).

    Aimed at ensuring that diverse voices from the public and private sectors contribute meaningfully to shaping the country’s financial future, the dialogue centered on crucial thematic areas, including, Achieving Sustainable Macroeconomic Stability, Promoting Economic Transformation, Advancing Infrastructure Development Implementing Structural Reforms, Ensuring Private Sector-Led Growth and Restoring Good Governance and Combating Corruption

     

     

     

     

     

  • Ghana’s Mining in Motion Summit Gains Support from Key Leaders

    Ghana’s Mining in Motion Summit Gains Support from Key Leaders

    Otumfuo Osei Tutu II, King of the Ashanti Kingdom; Hon. Emmanuel Armah Kofi Buah, Minister of Lands and Natural Resources of Ghana; and Oheneba Kwaku Duah, the son of Otumfuo Osei Tutu II and Managing Director of the Ashanti Green Initiative recently met to discuss the upcoming Mining in Motion Summit in Ghana.

    They explored the summit’s potential to improve the artisanal and small-scale gold mining (ASGM) sector in Ghana and the role of government, international partners and major mining firms in accelerating the sector’s growth. Hon. Kofi Buah endorsed the event, emphasizing its significance in connecting small-scale miners with technology providers, financiers, regulatory bodies and global industry stakeholders to improve their operations and impact.

    Organized by the Ashanti Green Initiative along with the World Bank, the World Gold Council and other international partners, Mining in Motion will take place from June 2 – 4 in Accra.

    The summit is held under the theme Sustainable Mining & Local Growth – Leveraging Resources for Global Impact, uniting key decision-makers, including H.E. John Dramani Mahama, President of the Republic of Ghana, as well as representatives from public and private sector mining institutions from South Africa, the Republic of Guinea, the African Union, ECOWAS and the United Nations.

    The three-day event will highlight the role of traditional authorities in shaping artisanal and small-scale mining practices, emphasizing the sector’s contribution to employment and economic growth. In 2024 alone, Ghana’s artisanal miners generated $5 billion in foreign exchange earnings through gold exports. Providing direct employment for over one million Ghanaians and accounting for 35% of domestic gold output, the sector has the potential to significantly shape socioeconomic development in the west African country.

    As Ghana’s mining sector increasingly supports sustainable development, the Mining in Motion Summit will highlight best practices for integrating ASGM into the global financial system. Representatives from prominent international financing organizations will share their insights.

    In a significant move to boost earnings for small-scale miners, Ghana has announced plans to establish a Gold Board. This new entity will simplify the process of purchasing gold from small-scale miners, providing them with easier access to global markets.

    With Samuel Adu Gyamfi, who was appointed Acting Managing Director of Precious Minerals Marketing Company last month and tasked with setting up the Ghana Gold Board, playing a pivotal role in shaping the summit, Mining in Motion is set to have a sizable impact on the growth of Ghana’s gold sector.

    Through a series of high-level panel discussions, deal signings, project showcases and exclusive networking, Mining in Motion serves as the ideal platform to connect Ghanaian miners with regional counterparts and global investors for forge industry-changing partnerships.

    Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting ASGM and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting https://MiningInMotionSummit.com/. For sponsorship opportunities or delegate participation, contact sales@ashantigreeninitiative.org.

    Distributed by APO Group on behalf of Energy Capital & Power.

    SOURCE

    Energy Capital & Power

  • Potential of Kings and Chiefs as Stakeholders in Development

    Last year’s historic visit by H.R.M.,the Yogbonwura(King of the Yogboun or Gonja Kingdom),Savannah Region, to the Dagbon Kingdom, Northern Region of Ghana which was reciprocated by its King,H.R.M.,the Yaa Na,tends calls for a rethinking of the position of Kings and Chiefs collectively  as potential stakeholders within the context of our national economic development paradigm

    Key Takeaways

    The benefits of the two royal visits included engendering of mutual respect and  peaceful co-existence between the two Kingdoms ,opportunity for addressing the boundary disputes between the two Kingdoms through dialogue and peaceful means .

    The call of His Royal Majesty, the Yogbounwura on the youth of the two Kingdoms to foster meaningful engagement for development was yet a most important takeaway. Granted the passion and importance the two Kings have attached to the fostering of mutual respect and  peaceful co-existence between their two Kingdoms, the issue of sustainability becomes crucial. The involvement of the youth in the two Kingdoms is the right way to go as they are the future traditional leaders.

    Annual Conference of Kings and Chiefs in Northern Ghana Proposal

    The Yogbounwura during his historic visit to Dagbon last year had  proposed the establishment of an annual conference of Kings and Chiefs in Northern Ghana to focus on the collective developments of the territory.

    That was laudable and couldn’t have come at a better time than this. That traditional rulers and their people shouldn’t rest entirely on the responsibility of central governments alone  to bring development to the Northern sector ,but should also play important  complementary roles ,cannot be overemphasized.

    To this end the people of the Northern Sector need a unified front to enable them leverage their collective strength for contributing towards addressing their  age-long common problem of the North-South poverty ,education and development gap which is a major underlying factor to the Northern youth migration to the south.

    Putting the collective strength of the people of the North to productive use for shared prosperity and development is not only in the collective interest of the people, but the cumulative impact of their collective efforts, would also impact the gross national economy most positively.

    Yogboun,Dagbon,Mamprugu,Nanun and other parts of the Northern sector collectively accounts for  a sizable chunk of Ghana’s total arable land which could be put to more productive use for commercial rice and other crops  production. This could  save the country from the needless annual rice and agricultural products bill that also contributes to putting  pressure on the local cedi.

    The putting in place of a Northern sector Special Purpose Vehicle(SPV) like is being proposed would offer multiple benefits. These could  include, internal conflict resolution as well as prevention via, fostering intra-ethnic harmony peaceful co-existence, addressing problems and  misunderstandings through dialogue rather than through needless armed conflict, that tend to periodically put the North in the news, albeit for the wrong reasons.

    To this end,the call on their Royal Majesties,Ndan Yaa Na,Mahama Abukari II,King of Dagbon Kingdom and Bi-Kunuti Jewu Soale,the Yogounwura(King of Yogboun or Gonja Kingdom) by the Savannah Regional Minister,Mr.Salisu Bi-Awuribe to use their influence to solve the long standing chieftaincy crisis in Bawku,Upper East Region ,was another most important takeaway.

    Intra-ethnic conflicts in the Northern sector has over time  given it a negative image not only in international investor circles, but also, in local investor circles and the decades  North-South  Foreign Direct Investment(FDI) parities speaks for itself.

    Harnessing the potential of Kings and Chiefs across the country to play a more  important contributive role as local development stakeholders within the context of our  national economic development agenda, ought to be taken   seriously just as we  take the contribution of our foreign development partners.