President John Dramani Mahama has voiced serious concerns regarding delays and mismanagement in the construction of the Ofankor-Nsawam dual carriage road, a crucial arterial route linking Accra and the country’s western regions. During a recent inspection of the project site, President Mahama emphasized the importance of proper site management to ensure that traffic could continue to flow smoothly even as construction progressed. He questioned why the initial loan allocated for the road had been exhausted before the project’s completion, a situation that forced the government to inject an additional GHS78 million of its own funds. The president demanded clarity on whether the issue stemmed from poor estimation or mismanagement. Addressing the financial aspects, President Mahama announced that the Ofankor-Nsawam road project would now fall under the government’s Big Push Programme, which has earmarked GHS14 billion for infrastructure this year and GHS30 billion next year. He assured contractors of steady funding but urged them to accelerate their work and use quality materials to deliver a durable road that would serve the nation for years. Chief Resident Engineer for the project, Kwabena Bempong, responded to the president’s concerns by assuring him that construction would be completed by the second quarter of 2026. As work continues, all eyes are on the Ofankor-Nsawam road, a vital link whose timely completion is seen as essential for Ghana’s economic growth and daily commuters alike. Source: Apexnewsgh.com

Ghana’s headline inflation continued its downward trajectory in August 2025, falling to 11.5% from 12.1% in July, according to the latest report from the Ghana Statistical Service (GSS). This marks the eighth consecutive month of declining inflation, bringing the rate below the government’s end-of-year target of 11.9%, a sign of strengthening price stability. The 11.5% reading is the lowest inflation rate recorded in nearly four years. Notably, overall prices fell by 1.3% on a month-to-month basis, providing much-needed relief for households grappling with prolonged cost-of-living pressures. Delivering the update on Wednesday, September 3, 2025, Government Statistician Dr. Alhassan Iddrisu highlighted that food inflation eased to 14.8% in August from 15.1% in July, with food prices declining by 2.5% during the month. Non-food inflation also moderated, dropping to 8.7% from 9.5% in July, while non-food prices slipped by 0.1%. Goods inflation fell to 13.9% from 14.2% the previous month, with the overall price of goods registering a 1.6% decrease. Imported inflation slowed more rapidly than locally produced goods, buoyed by a stronger Cedi and easing global price pressures. Despite the encouraging national figures, inflation rates varied significantly across regions due to differences in supply chains, transportation costs, and local economic dynamics. Analysts caution that such disparities require careful monitoring to ensure that all parts of the country benefit equally from the disinflation trend. The sustained slide in inflation is expected to bolster public confidence in the government’s economic management. However, experts note that continued vigilance is necessary, with concerns about economic growth and job creation still lingering on the horizon. Source: Apexnewsgh.com

Some Oil Marketing Companies (OMCs) have begun revising fuel prices in line with industry projections for September, reflecting a dynamic market shaped by exchange rate pressures and supply challenges. At Goil, petrol is now selling at GH¢12.90 per litre, a slight increase from GH¢12.88, while diesel has dropped to GH¢13.90 from GH¢14.30. Shell, however, has raised its petrol price more sharply, with a new rate of GH¢13.59 per litre, up from the previous GH¢12.89. In contrast, market leader Star Oil is holding its current prices steady until September 15, 2025, with petrol at GH¢12.77 per litre and diesel at GH¢13.35. The Chamber of Oil Marketing Companies (COMC) had earlier projected price hikes for petroleum products from September 1, largely due to the Ghana cedi’s recent slide against the US dollar. Petrol was expected to rise by between 3.86% and 5.40% per litre, with a possible ceiling of GH¢13.67. Diesel was forecast to climb by 3.39% to about GH¢14.35 per litre, and LPG by 4.57% per kilogram. The Ghana cedi’s depreciation—from GH¢10.71 to GH¢11.20 in just one month, a 3.98% drop—was identified as the sharpest so far this year and the main factor behind the upward price adjustments. This has come despite a drop in international market prices for petroleum products, with petrol falling by 0.45%, diesel by 3.73%, and LPG by 1.73%. Industry stakeholders have also noted the impact of a recent one-cedi levy on petroleum products and ongoing supply shortfalls, particularly for petrol, which have added to pricing pressures. As the market continues to respond to these complex factors, consumers are watching closely to see how prices will evolve in the coming weeks. Source: Apexnewsgh.com

The Driver and Vehicle Licensing Authority (DVLA) has set its sights on a bold new revenue target of GHS 1.03 billion by the end of 2026, aiming for a remarkable 60% growth from the current GHS 649 million. The announcement came at the Authority’s 2025 Mid-Year Review Conference, where DVLA Board Chairman George Spencer Quaye rallied staff to embrace excellence and accountability in their work. “The DVLA is more than an Authority; it is a custodian of life, a guardian of order, and a driver of national development. Let us not just manage transport — let us redefine it,” Mr. Quaye declared, inspiring the audience to see the Authority’s mission in broader, transformative terms. He delivered a stern warning against financial malpractice, emphasizing that “corruption will not be tolerated. Every cedi due the Republic must enter the national coffers.” The event brought together key figures, including Deputy Minister of Transport Dorcas Affo-Toffey, members of the DVLA Board, Chief Executive Julius Neequaye Kotey, his deputies, management, and staff. Mr. Quaye expressed gratitude to all stakeholders for their ongoing dedication and urged them to work collectively to achieve the new target, describing it as a bold step toward redefining transport administration in Ghana. Source: Apexnewsgh.com

The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Simon Madjie (Esq.), has given investors firm assurances that Ghana remains a secure and predictable destination for business. Addressing participants at the Africa Singapore Business Forum, Mr. Madjie highlighted Ghana’s robust legal and institutional framework, pointing to mechanisms such as the Arbitration Act, the Tax Appeals Board, and the Commercial Court, all of which ensure commercial disputes are resolved fairly and efficiently. He further noted that government policy is now focused on driving long-term economic growth, with President John Mahama’s flagship 24-hour economy initiative at the forefront. This policy encourages companies, especially those in priority sectors, to operate around the clock through multiple shifts, aiming to increase productivity, create jobs, and enhance Ghana’s competitiveness across the region. Mr. Madjie also highlighted the administration’s Big Push Agenda, a comprehensive infrastructure initiative aimed at enhancing transportation, energy, and digital connectivity. The programme is designed to attract both public and private investment, supporting the country’s broader industrialization goals. According to Mr. Madjie, these initiatives will unlock new investment opportunities in fields such as manufacturing, agribusiness, technology, and clean energy. He concluded by reaffirming that Ghana’s political stability, improving macroeconomic environment, and dynamic youth workforce make the country an increasingly attractive destination for investors looking to expand in Africa. Source: Apexnewsgh.com

Ghana National Gas Limited Company (Ghana Gas) has categorically dismissed reports alleging that its recent maintenance shutdown at the Atuabo Gas Processing Plant (GPP) was unsuccessful and that the facility remains offline. In a statement signed by Head of Corporate Affairs, Richard Ernest Kirk-Mensah, Ghana Gas labelled the allegations, which originated from a Facebook post by the NPP MP for Oforikrom, as false and misleading. Ghana Gas clarified that the maintenance exercise was completed ahead of schedule, adhering strictly to international safety and operational standards. The company reported that the plant was restarted on August 27, 2025, and has since been supplying gas to major downstream consumers without interruption. The maintenance shutdown, according to the company, involved essential tasks such as calibration of safety systems, an overhaul of the main transmission compressor, servicing of the heat medium system, and replacement of system fluids as recommended by the Original Equipment Manufacturer (OEM). Unlike previous shutdowns, which have taken at least 14 days for restart, this year’s exercise achieved an impressive five-day turnaround, a feat Ghana Gas attributes to improved planning, efficiency, and technical expertise. Both the Chief Executive Officer and Deputy Chief Executive in charge of Technical and Operations participated in the process and commended the technical team for their diligence, reaffirming the company’s commitment to energy security and operational excellence. Ghana Gas assured stakeholders and the general public that the Atuabo GPP remains in optimal condition, providing a reliable gas supply to power producers and industries, thus safeguarding national energy stability. The company also urged media outlets and commentators to verify information from official sources before publication, warning that unsubstantiated claims could mislead the public and cause unnecessary concern. Source: Apexnewsgh.com