President Mahama Announces Destruction of Over 300 Illegal ‘Changing Machines’ in Nationwide Crackdown John Dramani Mahama
Business

President Mahama Announces Destruction of Over 300 Illegal ‘Changing Machines’ in Nationwide Crackdown

President John Dramani Mahama revealed a significant victory in the fight against illicit economic activities in Ghana. During a media engagement, he announced that his government, in collaboration with the country’s security agencies, has confiscated and destroyed more than 300 illegal “changing machines” across the nation. President Mahama explained that this bold operation is part of a broader crackdown on activities that threaten Ghana’s financial stability and deplete state resources. “Such illegal operations cannot be allowed to flourish at the expense of national development,” he declared, emphasizing the government’s resolve to protect the country’s economic interests. He further noted that security agencies have been empowered to intensify enforcement measures, ensuring that perpetrators of illicit acts are brought to book and similar schemes are swiftly dismantled. In addition to the crackdown, President Mahama highlighted other government initiatives aimed at bolstering the economy and advancing national development. He disclosed that ₵14 billion of oil revenue has been allocated to the ambitious “Big Push” infrastructure agenda, which seeks to transform Ghana’s physical landscape and create jobs. Furthermore, ₵1 billion has been set aside to retool security agencies, enabling them to deliver more effective and responsive services. These interventions, the President affirmed, reflect his administration’s unwavering commitment to economic growth, national security, and the well-being of all Ghanaians. Source: Apexnewsgh.com

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Ghana Gold Board Set to Begin Local Gold Refining in October 2025
Business

Ghana Gold Board Set to Begin Local Gold Refining in October 2025

The Ghana Gold Board will start refining gold locally from October 2025, marking a major milestone in the country’s quest for greater value addition in its gold sector. This initiative, forged through a partnership with the Bank of Ghana and local refineries such as the Gold Coast Refinery, was announced by the Gold Board’s CEO, Sammy Gyamfi, at the inaugural Mining and Minerals Convention in Accra on Tuesday, September 9. Gyamfi described the move as a crucial step in strengthening Ghana’s economic resilience and advancing the reset agenda of President Mahama. “It is a national shame that, as a long-standing continental leader in production, Ghana continues to export doré, that is, raw gold instead of bullion. The Ghana Gold Board, which I lead, is determined to change this narrative as a matter of urgency,” he emphasized. He further explained that the new arrangement will see the Gold Board, in partnership with the Bank of Ghana and local refineries, begin refining gold purchased and exported by the Board starting in October 2025. The initiative aims to ensure that more value is added locally, transforming Ghana’s gold exports from raw doré to refined bullion and contributing to the nation’s economic development. Source: Apexnewsgh.com

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Ghana Water Limited Seeks 281% Tariff Hike Amid Growing Financial Pressures
Business

Ghana Water Limited Seeks 281% Tariff Hike Amid Growing Financial Pressures

Ghana Water Limited (GWL) has formally requested approval from the Public Utilities Regulatory Commission (PURC) for a dramatic 281 percent increase in water tariffs, proposing a jump from GH¢5.28 to GH¢20.09 per cubic metre for the 2025–2029 regulatory period. The company explained that the proposed hike is crucial to clearing its mounting debts and managing escalating operational costs. GWL pointed to challenges such as the pollution of raw water sources and foreign exchange pressures impacting the purchase of imported equipment and chemicals as key drivers of the increase. Without the adjustment, the company warns it will struggle to sustain a reliable water supply and fund necessary infrastructure expansion. At a recent public hearing, Michael Klutse, Manager in Charge of Monitoring at GWL, emphasized that current tariff levels are unsustainable for delivering consistent services. He stressed that a significant adjustment is necessary to maintain and improve water delivery across the country. Meanwhile, the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCo) have also called for new tariff structures. Both utilities are advocating for a dedicated tariff to support the provision and maintenance of street lighting nationwide. In addition, ECG is seeking a 224 percent increase in its distribution charge, while NEDCo is pushing for a 171 percent hike to address what it describes as unsustainable operational costs. NEDCo has further proposed eliminating the lifeline tariff bracket, which currently helps cushion low-income households. The company argues that the existing arrangement is no longer viable due to high fixed and variable costs, sparking debate on the impact such a move could have on vulnerable consumers. Source: Apexnewsgh.com  

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CEMSE Warns of Economic Fallout as ECG Seeks 225% Tariff Hike
Business

CEMSE Warns of Economic Fallout as ECG Seeks 225% Tariff Hike

The Centre for Environmental Management and Sustainable Energy (CEMSE) has sounded the alarm over the Electricity Company of Ghana’s (ECG) proposed 225% tariff increase, cautioning that such a steep rise could have devastating repercussions for Ghana’s economy if approved. Speaking on Morning Starr on Tuesday, CEMSE’s Executive Director, Benjamin Nsiah, warned that the proposed hike threatens to cripple local industries, stifle investment, and deepen household poverty. He emphasized that ensuring electricity remains affordable must be at the heart of Ghana’s energy policy. “As a government and as a policy, we must be guided by the philosophy of affordability of electricity prices. When electricity prices are affordable, it expands industries, drives industrial growth, and lifts many people out of poverty, especially what we call energy poverty,” Mr. Nsiah explained. He attributed ECG’s financial woes not to current tariffs but to systemic inefficiencies within its operations. Instead of resorting to steep tariff hikes, Mr. Nsiah urged regulators to focus on reforms that would improve ECG’s efficiency and reduce costs. The Public Utilities Regulatory Commission (PURC) has yet to decide on ECG’s proposal, which has already ignited heated debate among business leaders, civil society organizations, and consumer advocacy groups. Many are watching closely, aware that the outcome could have far-reaching consequences for the nation’s economic health. Source: Apexnewsgh.com

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Acting NSA Director-General Felix Gyamfi Reassigned to Finance Ministry Amid Service Posting Delays
Business, Opinion

Acting NSA Director-General Felix Gyamfi Reassigned to Finance Ministry Amid Service Posting Delays

Felix Gyamfi, the Acting Director-General of the National Service Authority (NSA), has been reassigned to the Ministry of Finance with immediate effect, just seven months after his appointment in January 2025. The abrupt move has stirred speculation within public sector circles, with many questioning the underlying reasons for the change. While no official explanation has been provided, sources at Jubilee House indicate that Gyamfi’s reassignment is part of a broader government reshuffle designed to align key personnel with the administration’s economic management agenda. However, information gathered by Citi Newsroom suggests that the decision was also influenced by recent delays in the posting of new National Service Personnel, a setback reportedly linked to an audit of the service’s online portal. Insiders report that a disagreement arose between Felix Gyamfi and the supervising Minister for Youth Development, George Opare Addo. The minister is said to have advocated for the creation of an entirely new deployment portal to address existing loopholes, while Mr. Gyamfi believed the current platform could be improved rather than replaced. Gyamfi’s reassignment comes at a critical moment for the NSA, as the agency prepares for the next round of national service postings. His departure leaves the Authority without a substantive head, raising concerns about continuity and leadership at a pivotal time for national service administration. Source: Apexnewsgh.com

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Government Disburses Over GHC30 Million to Boost Cultural Tourism at 61st Oguaaman Fetu Afahye
Business

Government Disburses Over GHC30 Million to Boost Cultural Tourism at 61st Oguaaman Fetu Afahye

The government of Ghana, through the Tourism Development Fund, has injected over GHC30 million into promoting cultural tourism nationwide, reinforcing its commitment to the creative sector and local festivals. This significant announcement was made by Dr. Samuel Ofosu Ampofo, Policy Advisor at the Office of the Vice President, during the 61st Oguaaman Fetu Afahye celebration in the Central Region. Representing the Vice President, Professor Naana Jane Opoku-Agyemang, Dr. Ampofo told the festival’s durbar that the government’s recent investment aims to position Ghana’s vibrant festivals as engines of economic growth and as a platform for Ghanaian creatives to shine on the global stage. “Through the Creative Arts Agency, working with the Ministry of Tourism, Arts and Culture, the government is investing in unprecedented opportunities for our creatives to flourish, allowing them to earn sustainable livelihoods while flying high the proud flag of Ghana across the globe,” Dr. Ampofo stated. He further highlighted that strategic investments by the Ghana Tourism Development Company and the Tourism Development Fund are ensuring that festivals like Fetu Afahye remain both cultural sanctuaries and powerful contributors to the national economy. Dr. Ampofo commended this year’s festival theme, “Innovate to Elevate,” noting its alignment with the government’s broader vision of national renewal. In a show of support, Dr. Ampofo, accompanied by CEO of the Ghana Tourism Authority Maame Efua Houadjeto and Cape Coast South MP George Kweku Ricketts-Hagan, presented soft drinks, bottled water, cooking oil, bags of rice, and an undisclosed cash donation to the festival organizers. Paramount Chief of the Oguaa Traditional Area, Osabarima Kwesi Atta II, expressed deep gratitude to the government delegation and called for collective action to advance Cape Coast’s development. The group also paid a courtesy visit to the Central Regional Coordinating Council, where Dr. Ampofo encouraged collaboration with the Regional Security Council to ensure safety in the region. Turning to infrastructure, Dr. Ampofo assured festival-goers of the government’s commitment to accelerating construction on the critical Accra–Cape Coast road. “His Excellency the President is very passionate about roads… It is almost becoming a nightmare to travel from Accra to the Central Region. We will carry the concerns of the Regional Minister to ensure we can accelerate the pace of work on the Accra-Cape road,” he emphasized. Central Regional Minister Eduamoah Ekow Panyin Okyere also used the occasion to reveal plans for a new free zone in the region, designed to attract investment and spur growth beyond Accra, further signaling the government’s intent to unlock economic opportunities throughout Ghana. Source: Apexnewsgh.com

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Engineers & Planners Take Full Control of Black Volta and Sankofa Gold Concessions
Business, Opinion

Engineers & Planners Take Full Control of Black Volta and Sankofa Gold Concessions

Indigenous mining giant Engineers & Planners (E&P) has made a bold move in Ghana’s mining sector, acquiring Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd to take full ownership of the long-inactive Black Volta and Sankofa gold concessions in the Upper West Region. This decisive transaction, officially registered with the Registrar of Companies and approved by the Minerals Commission, marks the end of nearly two decades of under-investment, protracted legal battles, and capital constraints that left the rich concessions dormant. The timing of the acquisition is significant, coming as global gold prices soar above $3,000 per ounce and Ghana seeks new streams of mining revenue to support its IMF-backed fiscal consolidation agenda. E&P announced that it has secured the necessary funding to kick-start mine development and has pledged to settle all verified debts linked to the projects. The company’s roadmap includes close collaboration with the Ghana Revenue Authority (GRA) to audit and confirm legacy loans recorded as project investments. E&P has committed to repaying genuine debts—subject to applicable taxes—to ensure strict fiscal compliance and protect state revenue. The secured funding will be swiftly deployed to begin mine construction and operations, signaling a new era for the concessions. E&P emphasized that the acquisition is more than just a commercial venture; it is a national responsibility. The company has promised to stimulate local economies, generate employment, and contribute royalties and taxes to the state coffers. Established in 1997, Engineers & Planners is recognized as one of Africa’s leading mining and civil engineering firms. Its takeover of the Black Volta and Sankofa concessions is seen as a milestone in restoring Ghanaian ownership in an industry often dominated by foreign interests. Chief Executive Officer Ibrahim Mahama hailed the acquisition as a turning point for Ghana’s mining landscape. “This is a proud moment for E&P and for Ghana. Our commitment is to ensure that these projects, which have been dormant for too long, finally deliver real value to our country and its people. We will work transparently with regulators and stakeholders to build mines that create shared prosperity,” he stated. The Black Volta and Sankofa projects, originally granted in 1992, have remained undeveloped for more than thirty years. E&P’s intervention promises not only to activate these concessions but also to deliver broader benefits to host communities in the Upper West Region through infrastructure development and social investment. With the acquisition finalized, Engineers & Planners is set to launch an intensive development programme that could set a new standard for Ghanaian-led mining enterprises—demonstrating that local companies can compete globally while putting national interests first. Source: Apexnewsgh.com

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The Real Story Behind Mobile Money Interoperability: NDC Legal Director Challenges Bawumia’s Claims Dr. Bawumia
Business

The Real Story Behind Mobile Money Interoperability: NDC Legal Director Challenges Bawumia’s Claims

Godwin Tamekloe, the Director of Legal Affairs for the opposition National Democratic Congress (NDC), has pushed back against assertions that mobile money interoperability was the original idea of former Vice President Dr. Mahamudu Bawumia. In a pointed social media post, Mr. Tamekloe set the record straight, weaving together the timeline and key players behind the transformative initiative. According to Tamekloe, the groundwork for mobile money interoperability was laid well before the New Patriotic Party (NPP) assumed power. He recounted how, under the leadership of then-President John Mahama, the Bank of Ghana signed the pivotal interoperability contract in 2016. This crucial step, he argued, occurred before Dr. Bawumia and the NPP took office. Tamekloe explained that when the Akufo-Addo-Bawumia administration inherited the project in 2017, their main contribution was to review the cost of the contract before proceeding with its implementation. “How is this the brainchild of Dr. Bawumia?” Tamekloe questioned, casting doubt on the narrative being advanced by the NPP. He didn’t stop there. Mr. Tamekloe also challenged attempts to credit Dr. Bawumia with the surge in mobile money agents and the growth of the service. He noted that mobile money agents had already been operating before 2017, and attributed the increase in their numbers to rising demand and the expansion of the telecom sector, not direct government intervention. Concluding his remarks, Tamekloe delivered a sharp critique: “A man should never get to the point where he believes in his own lies.” His comments have sparked renewed debate over who truly deserves credit for one of Ghana’s most significant financial innovations. Source: Apexnewsgh.com

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Weak Controls and Hidden Owners: How Illegal Fishing Slips Into EU Markets
Business, International

Weak Controls and Hidden Owners: How Illegal Fishing Slips Into EU Markets

A lack of transparency, weak import controls, and complex ownership structures are enabling illegal fishing to flourish in Europe’s seafood supply chain, a new study commissioned by Oceana has revealed. The research shows that the EU’s long-distance fishing fleet is more than twice as large as officially documented when foreign-flagged vessels owned by EU companies are included. This raises red flags about how much illegal or unreported seafood may be slipping into European markets. Investigators describe landing sites as hotspots for illegal activity. In Palermo, Italy, one journalist discovered that intermediaries and “fishlanders” act as powerful brokers, mixing legally caught fish with illegal catches. “It’s like a fish laundry, what is legal and what is illegal can be mixed until it’s impossible to tell the difference.” Catch certificates, which are still largely paper-based, are another weak link. Forged documents allow illegally caught fish to be exported into the EU with ease. While industrial vessels are supposed to be tracked by satellite systems like AIS, many disappear from monitoring platforms such as MarineTraffic or Global Fishing Watch. Investigators say some fleets deliberately disable or avoid tracking to hide illicit activities. “When vessels vanish from the map, it’s not always a technical error,  sometimes it’s a deliberate act to conceal illegal fishing.” Small but powerful artisanal vessels, especially in Tunisia, further complicate surveillance. Despite their size, they carry industrial-scale engines and hauls, but remain invisible to tracking systems. Tracing vessel ownership is another challenge. Many operators use shell companies and front businesses in tax havens to disguise the real beneficiaries. A case in Malta revealed a “company” that turned out to be nothing more than a post box, hiding Russian owners behind a network of intermediaries. “Illegal fishers know how to exploit weak governance; they change flags, change names, and hide behind paper companies.” A recent global study of 19,000 large-scale vessels found that 62% had no ownership information available in top maritime databases. Spain, France, China, and Taiwan — some of the largest fleets — had particularly poor transparency records. Within Europe, the study revealed that more than 344 EU-owned vessels are flagged outside the bloc, in countries ranging from Argentina to Panama. This means the EU’s actual long-distance fleet is nearly double its official size. Alarmingly, one in four of these vessels are registered under flags of convenience, tax havens, or countries already warned by the EU for weak fisheries controls. Spain, the Netherlands, and Italy top the list of countries owning foreign-flagged vessels, with Spain alone effectively operating 427 vessels, twice its official count. These loopholes undermine both EU and global efforts to combat illegal fishing. Not only do they allow illegal fish to enter European markets, but they also strip coastal states of fair revenues and erode trust in fisheries management. “Without transparency, EU consumers risk eating fish caught illegally, while profits flow to hidden owners abroad.” Experts argue that EU member states must start requiring companies and citizens to register ownership of foreign-flagged vessels and make this data public. Stronger digital systems for catch certificates, tighter port inspections, and international cooperation are also urgently needed. “If we don’t know who owns the vessels, where the fish really comes from, or how it gets to our plates, illegal fishing will continue to thrive in the shadows.” Source: Apexnewsgh.com Email: apexnewsgh@gmail.com

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Foreign Affairs Minister and AfCFTA Secretary-General Discuss Boosting Africa’s Economic Integration
Business

Foreign Affairs Minister and AfCFTA Secretary-General Discuss Boosting Africa’s Economic Integration

Ghana’s Minister for Foreign Affairs and Regional Integration, Samuel Okudzeto Ablakwa, has engaged in high-level talks with H.E. Wamkele Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA), focusing on strategies to accelerate Africa’s economic integration and industrialisation. During the meeting, Ghana, host of the AfCFTA Secretariat in Accra, reiterated its unwavering commitment to supporting the Secretariat’s effective operations by guaranteeing all necessary privileges and courtesies. Minister Ablakwa underscored the historic and strategic importance of the AfCFTA, tracing its roots to the vision of Osagyefo Dr. Kwame Nkrumah. He emphasized that the continental free trade agreement is vital to Africa’s ambition for industrialisation and transformation. “With a market of 1.3 billion people and a combined GDP of US$3.4 trillion, leveraging the AfCFTA is not just an option but an absolute imperative as we prioritise economic diplomacy,” Ablakwa said. The talks signal renewed momentum in advancing Africa’s integration agenda, with both leaders expressing hope that the AfCFTA will drive sustainable growth and prosperity across the continent. Source: Apexnewsgh.com

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