IMF Technical Mission Concludes Visit to Ghana in Support of Governance Reforms IMF
Business

IMF Technical Mission Concludes Visit to Ghana in Support of Governance Reforms

An International Monetary Fund (IMF) Technical Assistance mission has completed a four-day visit to Accra, aimed at supporting Ghana’s drive to implement critical governance reforms outlined in the IMF’s recent Governance Diagnostic Report. The mission, which took place from December 8 to 11, 2025, was led by Ms. Tina Burjaliani and included Mr. Gomiluk Otokwala and Ms. Nusula Nassuna. It was conducted at the request of Ghanaian authorities, following the publication of the Governance Diagnostic Report for Ghana on November 3, 2025. The report provides an in-depth evaluation of governance and corruption risks in the country, and highlights priority reforms to improve public financial management, revenue administration, property rights, public-sector integrity, and accountability across state institutions. During their visit, the IMF team worked closely with Ghanaian officials as they began implementing the report’s key recommendations. The team also discussed ways to coordinate technical and financial support with other development partners, in order to maintain momentum for reform. Meetings were held with senior government officials, civil society organisations, and international partners, centring on follow-up actions, implementation strategies, and maximizing external support for advancing the governance agenda. The IMF pledged ongoing collaboration with the Ghanaian authorities and development partners, including within the framework of the Extended Credit Facility programme, to ensure effective implementation of the Governance Diagnostic recommendations. In conclusion, the Fund expressed its gratitude to the Ghanaian authorities and stakeholders for their cooperation, hospitality, and open dialogue throughout the mission. Source: Apexnewsgh.com

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MTN Global Graduate Programme Develops Over 500 Leaders Since Inception
Business, Education

MTN Global Graduate Programme Develops Over 500 Leaders Since Inception

MTN Ghana has successfully graduated 80 young professionals from its 2025 Graduate Development Program, an initiative designed by the telecommunications company to promote the inclusion of women in the business. The graduation ceremony, held on November 20, 2025 at the Marriott Hotel in Accra, brought together participants from across MTN’s African markets. Abdallah Ibrahim, the Acting Chief Human Resource Officer for MTN Ghana, emphasized MTN’s intentional strategy to increase the number of women in its workforce. “We have leveraged the Graduate Development Programme to drive female representation within the company. About 60% of the graduate delegates are women and a key initiative in our quest to reach 50% female representation by 2030,” he stated. Abdallah confirmed that this intentional approach is already transforming the organization, highlighting the notable increase in the overall representation of women in recent years. “Since we began this journey to increase female representation at MTN Ghana, we have added approximately 5% more females to the workforce since we started monitoring our progress in 2020. Today, we stand at about 43% representation of females within our organization,” he said. Sylvia Owusu-Ankomah, Chief Executive Officer of the Telecoms Chamber, commended MTN for its dedication to developing African talent, especially the large number of women in the graduating class, in her keynote speech. “It’s exciting to see that over 60% of today’s graduates are women,” she commented, urging the graduates to stay true to themselves in a competitive digital age. Kagiso Malepe, Manager of the MTN Global Graduate Programme, explained that one of the main challenges and opportunities is bringing together individuals from different countries, cultures, and backgrounds under a common identity. “Our biggest task is harmonizing diverse perspectives and helping participants immerse themselves in MTN’s organizational culture. With MTN operating across multiple markets, the message of one culture, one MTN is fundamental,” he said. The 80 graduates, representing 18 countries across Africa, received certificates and are expected to take roles within MTN that support MTN’s goal of developing future African leaders in technology, digital services, and business innovation. Source: Apexnewsgh.com

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Driving Schools Chairman Warns: Lack of Formal Training Fuelling Road Crashes in Ghana GPRTU
Business

Driving Schools Chairman Warns: Lack of Formal Training Fuelling Road Crashes in Ghana

Emmanuel Danso, Chairman of the Ghana National Association of Driving Schools (GNADS), has sounded a stark warning about the dangers posed by Ghana’s informal approach to driver education. Speaking to the media December 12, Danso revealed a startling statistic: only 10% of drivers in Ghana have learned to drive through accredited driving schools. Describing the figure as “staggering,” Danso pointed to it as a major factor behind the rising number of preventable road accidents across the country. “Driving is like a profession, and there are certain dynamics you should understand,” he explained, stressing that the technical skills and discipline required to drive safely can only be gained through structured, formal training. According to Danso, the vast majority of Ghanaian drivers acquire their skills informally—often learning from friends or family, without the benefit of proper instruction. This, he said, leaves them unprepared for the complexities and responsibilities of being on the road, leading to countless avoidable crashes and fatalities. “Ghana’s road crashes remain predictable, preventable, and avoidable,” he lamented. “But the country continues to record high fatalities because many drivers lack the knowledge and discipline that proper training provides.” He warned that without a nationwide commitment to improving driver education, the crisis on Ghana’s roads would only persist. Danso commended the Driver and Vehicle Licensing Authority (DVLA) for establishing a roadmap toward responsible licensing, but emphasized that the onus is now on driving schools and drivers themselves to align with these standards. “DVLA is doing well, but it is left for us to align with them and do training holistically,” he said. He projected that with a national push for formal driver education, Ghana could see a dramatic drop in road crashes within just a few years. “If we do it in two to five years, we will reduce accidents from four digits to three digits,” he asserted. Calling the surge in road accidents a “canker,” Danso urged all stakeholders, including drivers, regulators, and the wider public, to unite in tackling the problem. “Let us all come together and fight this cancer. It is possible,” he assured, expressing hope that with the right commitment, Ghana’s roads can become safer for everyone. Source: Apexnewsgh.com

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GIPC CEO Engages U.S. Embassy on GIPA Bill Review, Emphasises Stakeholder Collaboration
Business

GIPC CEO Engages U.S. Embassy on GIPA Bill Review, Emphasises Stakeholder Collaboration

The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Simon Madjie, has held a strategic engagement with officials from the U.S. Embassy to discuss the Ghana Investment Promotion Authority (GIPA) Bill, which is currently under review. During the meeting, Mr. Madjie expressed appreciation for the Embassy’s ongoing partnership and welcomed its input in refining the Bill ahead of its eventual submission to Parliament. He emphasised that stakeholder input is vital to building a more robust and resilient investment framework for Ghana. Mr. Madjie reiterated GIPC’s commitment to transparent and collaborative engagement with development partners, stressing the Centre’s ongoing priority to foster an enabling environment that both attracts and protects investors. The proposed GIPA Bill aims to broaden GIPC’s mandate, introduce a new governance structure, and update minimum foreign capital requirements in line with international best practices. The legislation also seeks to enhance investor protection and promote sustainable economic growth. Once enacted, the Bill will further streamline the registration, monitoring, and record management of Technology Transfer Agreements (TTAs) under the GIPC, marking a significant step forward for Ghana’s investment landscape. Source: Apexnewsgh.com

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MTN Ghana Marks 16 Days Of Activism Against Gender-Based Violence Under The Theme “Unite To End Digital Violence Against Women And Children.”
Business, Education

MTN Ghana Marks 16 Days Of Activism Against Gender-Based Violence Under The Theme “Unite To End Digital Violence Against Women And Children.”

MTN Ghana is observing this year’s 16 Days of Activism Against Gender-Based Violence with the theme “Unite to End Digital Violence Against Women and Children.” The campaign is taking place in various parts of the country. During the launch event with over 100 students from the Police Depot Cluster of Schools at Tesano, Adwoa Afriyie Wiafe, MTN Ghana’s Chief Corporate Services and Sustainability Officer, emphasized that this year’s campaign aims to protect everyone, especially women and children, from digital violence. She mentioned that MTN is working closely with the Domestic Violence and Victim Support Unit (DOVVSU) and the Cyber Security Authority to raise awareness about the risks and impact of harmful online behaviors. “We are already familiar with physical forms of gender-based violence. However, as more of our life is spent online, so has abuse also moved to the digital space, showing up as cyberbullying, harassment, and other harmful online actions, most of which disproportionately affect women and girls,” Madam Wiafe stated. Adwoa Wiafe emphasized that while MTN strives to ensure everyone benefits from a modern, connected life, it also bears the responsibility of making the internet a safe space. “Being connected should be a positive and empowering experience. Anything that causes harm or negativity is something we must all work together to eliminate,” she said. ACP Owusuaa Kyeremeh, Director of DOVVSU, highlighted the rising danger of digital violence and its serious effects on women and girls. “With a single click, someone can spread harmful videos, steal personal information, or send threats that infringe on another person’s freedom,” she explained. She emphasized that girls and young women are especially vulnerable to harassment, pressured to share sexual content, experience hacking, and face non-consensual distribution of private images, many of which go unreported. She urged students not to be bystanders and challenged them to become the generation that stops digital violence. MTN and DOVVSU are conducting various awareness activities nationwide to raise understanding of digital safety. These efforts include coordinated radio interviews in the regions, school debates on preventing digital violence, film screenings, victim support information sessions, and community engagement focused on online safety and violence prevention. The launch also featured an interactive session on cyber hygiene and cybersecurity tips, led by Superintendent Emmanuel Gyebi, Director of Cybercrime, along with a representative from MTN. The most engaged student of the day was awarded a tablet as a prize. The 2025 campaign reinforces MTN Ghana’s commitment to promoting responsible digital behavior while ensuring that the internet remains a safe and empowering space for everyone, especially women and children.  Source: Apexnewsgh.com

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Former STC Boss Nana Akomea Refutes Land Sale Allegations, Blames NDC for Past Asset Disposals Nana Akomea
Business, Opinion

Former STC Boss Nana Akomea Refutes Land Sale Allegations, Blames NDC for Past Asset Disposals

Former Managing Director of the State Transport Company (STC), Nana Akomea, has dismissed allegations that he sold lands belonging to the company during his tenure, describing the claims as politically motivated and baseless. Speaking on Point Blank on Eyewitness News on Monday, December 8, 2025, Mr. Akomea categorically denied any involvement in the sale of STC assets. “I haven’t sold even a single foot of STC land. So I don’t understand why somebody would make such claims,” he insisted, emphasising that no STC property was sold while he was at the helm. Mr. Akomea argued that responsibility for the disposal of STC lands lies with the previous National Democratic Congress (NDC) administration. He alleged that around 2010, when the company was struggling financially, the government at the time approved the sale of about four acres of STC land in Takoradi to retail giant Melcom. He further claimed that the NDC-era asset sales included the Managing Director’s official bungalow at Ridge, forcing him to secure alternative accommodation during his time as MD. “They sold 4 acres at the headquarters itself to a company called BCL,” Akomea added, stressing that these transactions occurred before his administration and were not linked to his leadership. Nana Akomea maintained that the attempts to connect him to STC land sales are not only unfounded but are also intended to score political points. Source: Apexnewsgh.com

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Bank of Ghana Undertakes Strategic Rebalancing of Foreign Reserves, Partially Divests Gold Holdings
Business

Bank of Ghana Undertakes Strategic Rebalancing of Foreign Reserves, Partially Divests Gold Holdings

The Bank of Ghana has announced a strategic rebalancing of its total foreign reserves, a process that includes a partial divestment of its gold holdings. This initiative is part of the central bank’s broader asset allocation framework, designed to ensure that the composition of Ghana’s reserves aligns with its long-term monetary policy objectives. According to the Bank, the decision to adjust its exposure to gold is aimed at reducing vulnerability to fluctuations in global gold prices. By doing so, the Bank minimizes the need for active hedging within its established risk parameters and enhances the stability of Ghana’s reserve portfolio. The Bank of Ghana emphasized that its approach is rooted in disciplined and prudent risk management, rather than speculation on short-term market movements. While the Bank keeps a close watch on global gold price trends, its strategy is focused on long-term financial resilience and stability. Officials believe that the rebalancing will improve the efficiency of Ghana’s external reserve management, maintaining both market confidence and the integrity of the country’s monetary framework. The move is seen as a proactive yet cautious response to global commodity price uncertainties, reflecting the Bank’s commitment to safeguarding Ghana’s economic stability. Source: Apexnewsgh.com

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Minority in Parliament Warns of Food Smuggling Crisis Undermining Ghanaian Farmers
Business

Minority in Parliament Warns of Food Smuggling Crisis Undermining Ghanaian Farmers

On Friday, December 5, a stern warning echoed from Ghana’s Parliament as Minority Leader Alexander Afenyo-Markin sounded the alarm over rampant food smuggling undermining the nation’s farmers and threatening food security. In a statement released that day, Afenyo-Markin revealed that rice, fish, and other essential food products, often smuggled into the country and repackaged by politically connected individuals, are saturating local markets. These imported goods are sold at prices far below those of locally produced foods, leaving Ghanaian farmers and fishers unable to compete. “This is happening even as our farmers battle unsold produce and our fishers face scarcity at sea,” the Minority statement read. “Cheap, expired, and smuggled products continue to destroy local markets. A nation blessed with fertile land and abundant waters cannot continue to allow this to happen.” The Minority pointed out that already, farmers and fishers are grappling with rising production costs, logistical hurdles, and insufficient government support. The unchecked inflow of smuggled foods, they argued, only worsens these difficulties, further squeezing the livelihoods of those who form the backbone of the country’s economy. The Minority called for urgent government action to clamp down on food smuggling. They urged authorities to rigorously enforce customs and import regulations, punish offenders, and create a level playing field for local producers. Additionally, the government was called upon to prioritize the purchase of unsold domestic grains, ensure reliable premix fuel supplies for fishing communities, and strengthen national programmes to support modernized agriculture and aquaculture practices. Mr. Afenyo-Markin emphasized the critical role of Ghanaian farmers and fishers in sustaining the nation’s food security and economy. “Our producers deserve policies that safeguard their markets, support their livelihoods, and ensure that they can compete fairly while feeding the nation.” As Parliament’s Minority sounds the alarm, the spotlight is now firmly on the government to take decisive action to protect Ghana’s food systems and those who sustain them. Source: Apexnewsgh.com

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Momo Restructuring Protects Value And Paves Way For Future Listing – MMF Chairperson Assures Shareholders Madam Victoria Bright Chairperson of MMF in a group picture with some MTN Executives and Financial Advisors
Business

Momo Restructuring Protects Value And Paves Way For Future Listing – MMF Chairperson Assures Shareholders

Madam Victoria Bright, Chairperson of MobileMoney Fintech LTD (MMF), has assured shareholders that the ongoing restructuring of the Mobile Money (MoMo) business is aimed at protecting the value of their investments, while setting the stage for future growth and an eventual listing on the Ghana Stock Exchange (GSE). The restructuring is also aimed at addressing the requirement under Ghana’s Payment Systems and Services Act, 2019 (Act 987), for a minimum of 30 percent Ghanaian ownership for all dedicated electronic money issuers. Addressing shareholders and beneficiaries at the Extraordinary General Meeting (EGM) held virtually and in person on Monday, December 1, 2025 at the University of Professional Studies Auditorium, Accra, she explained that although MMF is a newly incorporated company, the business it will operate is not new as it is built on over a decade of innovation and impact through Mobile Money Limited (MML). She stated that MMF has two shareholders: MTN Dutch Holdings B.V. (representing the MTN Group interest) and the MTN Ghana Fintech Trust (the Trust), which holds the interests of all minority shareholders of Scancom PLC and preserves their rights, value, and ensures transparent representation until the MoMo business is listed on the GSE. MMF would thus provide the MoMo business the appropriate structure, focus, and enhanced governance that serves shareholders and beneficiaries better while creating long-term value for all stakeholders. With respect to shares and dividends, she explained that the shareholding of Scancom PLC would be mirrored in MMF. Madam Bright stressed that after listing, beneficiaries would hold their shares directly and separately in each of Scancom PLC and MMF and would continue to receive dividends from both companies. Until then, the voting rights of the beneficiaries in the MoMo business would be exercised through the Trust on their behalf, with the Trust voting as instructed by the beneficiaries. Dr. Ishmael Yamson, the Board Chairman of Scancom PLC, took his turn to address the attendees of the EGM and stated that “the MoMo business remains one of the strongest engines of growth, innovation and financial inclusion in our company and in Ghana. Localising it properly, thoughtfully and transparently is an investment in its future and in your future as shareholders.”  He noted further that this structure would provide a clear path and time frame for the future listing of the MoMo business, which is expected within the next three to five years. Following the overwhelming approval of the beneficiaries and shareholders of MMF in favour of the merger of MMF and MML, Madam Bright informed attendees at the EGM that Scancom PLC will commence the necessary processes to bring finality to the merger. She noted that completion is subject to final regulatory approvals, including approval from the Bank of Ghana. Source: Apexnewsgh.com

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Controversy Erupts Over Upper East Regional Airport Project as Alagumgube Association Cries Foul Over Betrayal
Business, Opinion

Controversy Erupts Over Upper East Regional Airport Project as Alagumgube Association Cries Foul Over Betrayal

A simmering controversy has erupted over the much-anticipated Upper East Regional Airport project, with the region’s leading advocacy group, the Alagumgube Association, accusing the Regional Minister, Donatus Atanga Akamugri, of sidelining them at a critical stage of the project’s development. The dispute has cast a shadow over what many hoped would be a unifying milestone for the Upper East, threatening to undermine the hard-won cooperation between local communities, traditional leaders, and government agencies. At the heart of the storm is Mr. Gabriel Agambila, the founder of the Alagumgube Association. Since the inception of the airport agenda, Agambila and his group have been the driving force behind the project, mobilizing funds for land documentation, facilitating community engagement, and overseeing technical preparations. Their efforts have included everything from extending the proposed runway and repairing access roads to performing traditional rites when construction encroached upon a sacred grove. “We have gone far beyond advocacy,” Agambila said in a recent interview on Apexnewsgh’s ‘SPEAKOUT UPPER EAST.’ “We funded the extension of the runway, performed necessary rites, bought gravel for road repairs, and kept the community together.” However, Agambila now alleges that the Association has been unfairly excluded from the latest and most crucial stages of documentation. According to him, the Regional Minister orchestrated the signing of key documents in Accra without Alagumgube’s knowledge or consent. “I haven’t signed any document. Yet the documents are in Accra with all signatures. The landowners told me they signed, and I personally confirmed in the office of the CEO of the Ghana Airport Company that the documents had arrived,” Agambila recounted, his voice laced with frustration and disbelief. He claims that although his name appeared as a signatory, he never appended his signature to the final paperwork. The fallout has been immediate and intense. Chiefs and landowners, who have worked hand-in-hand with the Association for years, were reportedly so angered by the perceived betrayal that some threatened to withdraw their lands from the project. “I had to personally plead with them to keep faith in the process,” Agambila revealed. For him, the pain of exclusion is not just personal—it is communal. “It’s like an insult. We invested energy, money, and our reputation. Only to be treated as though we don’t matter.” Agambila’s personal sacrifices underscore the depth of his commitment. He gave up his job in the United States and spent nearly a year in Ghana, living among the communities, negotiating with landowners, and smoothing the sometimes-rough edges of local politics. “I confronted the Minister. He told me the documents were needed urgently. But who could have done it faster than someone who left his job and family abroad to fight for this project?” he asked, still incredulous at the turn of events. The Association’s exclusion, Agambila suspects, may be rooted in political maneuvering. According to him, the individual who submitted the documents on behalf of the region was introduced as a “party person,” suggesting that loyalty to political interests may have trumped years of grassroots engagement. “We are doing this for the region. Ministers come and go. This project outlives politics,” he insisted, reaffirming Alagumgube’s non-partisan stance. “Our advocacy is not for any party or individual. It is for the benefit of the whole Upper East.” Despite the setback, Agambila and the Alagumgube Association are not giving up. He disclosed that new investors have already shown interest in the airport project and are awaiting meetings with the Minister for Roads and the Ghana Airport Company to discuss the way forward. “We won’t relent. The region is fighting, and Alagumgube is fighting. If we secure the benefits, they are for the people, not for any individual,” he declared. The Association’s continued commitment has been welcomed by local stakeholders, many of whom see Alagumgube as the glue holding together the complex coalition of chiefs, landowners, business leaders, and residents who have championed the airport agenda for years. “Without Alagumgube, this project would not have come this far,” said one local chief, speaking on condition of anonymity. “They have been at the forefront, ensuring that everyone is consulted and every concern addressed.” As the controversy unfolds, residents across the Upper East are watching with a mixture of hope and apprehension. The airport is widely regarded as a potential game-changer for the region, promising improved connectivity, economic growth, and new opportunities for trade and tourism. However, there are fears that political disagreements and exclusionary tactics could derail the project at the last minute. “We need unity now more than ever,” said a community elder in Bolgatanga. “The airport is for all of us, not for a select few.” Observers say the dispute highlights the delicate balance between grassroots advocacy and political authority in major infrastructural projects. While government support is essential for securing funding and regulatory approval, the sustained involvement of local champions like the Alagumgube Association is often what ensures long-term success and community buy-in. For now, the future of the Upper East Regional Airport project hangs in the balance. Agambila remains optimistic but cautious, urging all parties to put aside personal and political interests for the greater good. “This is about the region’s future. Let us not lose sight of what brought us together in the first place,” he concluded. As negotiations continue and fresh investors prepare to engage with government agencies, the people of the Upper East region are left hoping that wisdom will prevail, and that the airport project, years in the making, will finally take flight without leaving its original champions behind. Source: Apexnewsgh.com

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