Sam Jonah Exposes Political Capture of Ghana’s Insurance Sector
Leading business executive Sir Sam Jonah has issued a strong warning over what he describes as growing and systemic political interference in Ghana’s insurance sector, cautioning that it threatens the industry’s integrity and public trust. When Sir Sam Jonah took the podium at the 11th Annual Conference of the Insurance Brokers Association of Ghana in the Eastern Region, the room quickly understood this would be no routine address. Ghana’s most prominent business statesman had arrived with a diagnosis, and it was not a comfortable one. At the centre of his remarks was a problem he described as no longer isolated or occasional, but deeply embedded in the fabric of how insurance business is conducted in Ghana. Political interference, he warned, has moved from the margins of the industry to its very core, and the consequences are being felt across the entire sector. “There’s a growing and deeply troubling pattern of political and socioeconomic interference in the conduct of insurance business in Ghana,” he told delegates, his words carrying the weight of someone who had watched the problem grow over many years. What was once an occasional disruption, he said, has metastasised into something far more dangerous. “What was once an occasional disruption has become something more systemic, more embedded, more dangerous.” Sir Sam Jonah laid out the mechanics of this interference with striking clarity. Contracts, he revealed, are no longer being awarded based on performance or merit. Political direction, not professional assessment, is increasingly driving decisions. Insurance portfolios, particularly those belonging to state enterprises, are being handed out through personal connections and political leverage rather than competitive tender or professional selection. “Insurance portfolios are moved not through competitive tender or professional selection, but through personal access and political leverage,” he said. The distortions do not stop there. Brokers and insurers, he noted, are being pressured to accept placements they openly admit they cannot manage, taking on risks beyond their capacity simply because the instruction comes from above. And on pricing, he pulled no punches, warning that premiums are being loaded fraudulently, with no genuine risk assessment, serving purely as a vehicle for extracting money. But perhaps his most pointed remarks were reserved for the human cost of these practices. When the system fails, and he suggested it inevitably will, it is not the politically connected who bear the consequences. “When things go wrong… it is not the politically connected individuals who bear the cost. It is the taxpayer… who pays… and receives nothing in return.” He called it plainly what it is: betrayal. Beyond the financial damage, Sir Sam Jonah warned that political interference is corroding something harder to rebuild, public trust. When access matters more than competence, and connections outrank qualifications, the very institution of insurance is hollowed out from within. “It damages the institutions of insurance itself. It erodes public trust… and signals that competence is irrelevant, and that access is everything,” he said. He was careful, however, to draw a clear distinction. His concern is not with politically exposed persons participating in the industry, that, he said, is their right. What he insists on is that participation must be governed by the same professional standards that apply to everyone else. “The placement of insurance must be subject to professional standards, open competition, proper actuarial assessments, and the primacy of the policyholder’s interest,” he stated firmly. And lest anyone mistake these as aspirational ideals, Sir Sam Jonah made his position unambiguous. “These are not aspirations,” he said. “These are non-negotiable requirements.” Source: Apexnewsgh.com
GEXIM@10: Ghana Braced for Oil and Gold Price Swings, BoG Governor Assures
Dr. Johnson Asiama has highlighted Ghana’s preparedness to withstand global commodity shocks, emphasizing the critical role of reserves in safeguarding economic stability. Addressing delegates at the 10th Anniversary International Conference of the Ghana Export-Import Bank in Accra on Wednesday, March 25, Bank of Ghana Governor Dr. Johnson Asiama delivered a measured but candid assessment of the country’s economic vulnerabilities and the defences being built against them. At the heart of his remarks was a familiar challenge: Ghana’s fortunes remain deeply tied to the unpredictable rhythms of global commodity markets. Oil and gold, the twin pillars of the country’s export earnings, are subject to forces largely beyond its control, and Dr. Asiama made no attempt to downplay that reality. “Ghana is exposed to fluctuations in global commodity prices, particularly oil and gold, which make up a significant portion of our export earnings,” he acknowledged. But the Governor was equally clear that exposure does not mean vulnerability. The strategy, he explained, has been deliberate and forward-looking, centred on building reserves robust enough to absorb external shocks and keep the economy on an even keel when global markets turn hostile. “Our strategy is to ensure that we are prepared, building reserves that can absorb shocks and sustain the economy through uncertain times,” he said. “This level of reserves gives us some distance to navigate potential crises, but we must remain vigilant.” That note of vigilance was not incidental. Dr. Asiama went on to flag a scenario that keeps policymakers up at night — the prospect of simultaneous shocks hitting multiple commodity sectors at once. Ghana’s buffer strategy partly relies on one sector compensating for weakness in another, but that calculation has its limits. “We are hopeful that one sector, like gold, may offset the impact from another, such as oil. However, prolonged volatility could challenge our ability to maintain economic gains,” he cautioned. It was a frank admission that even a well-prepared economy has a ceiling on how much pressure it can absorb, and a reminder that the work of building resilience is never truly finished. The Governor’s address came at a symbolically fitting moment. The Ghana Export-Import Bank’s decade-long journey has unfolded against a backdrop of global economic uncertainty, and Dr. Asiama’s remarks reinforced a broader message: that prudent fiscal and monetary planning is not merely good practice, it is Ghana’s first and most important line of defence in a world where commodity shocks can arrive without warning and linger without mercy. Source: Apexnewsgh.com
No Laws Broken, No Shortcuts Taken — Roads Minister Fires Back at Big Push Critics
Ghana’s Minister for Roads and Highways, Kwame Governs Agbodza, came out swinging on Tuesday, delivering a pointed rebuttal to critics who have accused the government’s flagship Big Push infrastructure programme of leaning too heavily on sole sourcing. Standing before Parliament, the minister did not just defend the programme, he dismantled the allegations piece by piece, calling them misleading and flatly unsupported by the facts already placed before the House. “We have established a system where no contractor is paid without measurable progress,” he declared, setting the tone for an address that was as much about accountability as it was about infrastructure. At the heart of the controversy is the procurement method used to award contracts under the Big Push, a sweeping initiative currently overseeing the reconstruction and upgrading of more than 2,000 kilometres of roads across all 16 regions of Ghana. Critics have suggested that sole sourcing has become the default tool of choice, raising questions about transparency and value for money. The minister rejected that characterisation outright. According to him, only 44 percent of major contracts, including those under the Big Push, were awarded through sole sourcing, while more than 400 contracts have gone through open competitive tendering. Every contract, he stressed, has been awarded in strict compliance with the Public Procurement Act and its regulations, with full details publicly available on the Ministry’s website for anyone willing to look. But beyond the numbers, the minister offered context that he argued critics have been too quick to ignore. Ghana’s road network, he reminded Parliament, is in a state of serious deterioration. Given the scale and urgency of the challenge, he said, a rigid insistence on lengthy procurement processes alone would delay critical projects, inflate costs, and ultimately deepen the country’s economic difficulties. The law, he noted, allows for a balanced use of procurement methods, and that is precisely what the Ministry has done. One of the more striking revelations from the minister’s address was the fate of 23 major road projects inherited from the previous administration, projects valued at GHS 14.88 billion that had been left entirely without funding. Rather than abandon them, the current government integrated these stalled projects into the Big Push programme and secured new financing to get them moving. Among those rescued are the Suame Interchange, the Ofankor–Nsawam Road, and the Adenta–Dodowa Road — projects that, in the minister’s words, might have remained frozen indefinitely without the current approach. The programme itself has been structured with competition in mind. It targets 12 key economic corridors, broken into 54 lots, a deliberate design intended to attract more contractors, drive competition, and accelerate delivery on the ground. On the question of value for money, Minister Agbodza outlined a series of safeguards built into the programme: in-house survey, design, and costing by state agencies; independent value-for-money assessments of contractor proposals; and payments strictly tied to verified, measurable work completed. He also pointed to an ongoing collaboration with the Ghana Institution of Surveyors to further strengthen independent cost verification, a move he said underscores the government’s commitment to getting this right. He also took direct aim at critics who have drawn unfavourable comparisons based on cost-per-kilometre figures, arguing that such analyses are fundamentally flawed. They fail, he said, to account for differences in project scope, engineering complexity, and additional infrastructure components such as interchanges and bridges, factors that can dramatically affect cost without reflecting any wrongdoing. The minister did not shy away from contrasting the current administration’s record with that of its predecessor. He noted that many of the road projects inherited from the previous government lacked proper authorisation and had not gone through competitive procurement, a situation that contributed to road sector arrears exceeding GHS 40 billion. Since taking office, he said, the government has paid over GHS 11 billion toward clearing that inherited debt. With the programme operating under continuous parliamentary oversight, including regular ministerial questioning, committee reviews, and independent professional validation, Hon. Agbodza made clear that the Big Push is not operating in the shadows. Sole sourcing, he insisted, remains the exception, not the rule. And as he urged Parliament and the public to get behind what he described as a transformative effort to improve road infrastructure, reduce transport costs, create jobs, and stimulate economic growth, his message to critics was unambiguous: check the facts before you undermine the progress. Source: Apexnewsgh.com
GUTA President Blasts Parliament Over Foreign Business Dominance, Warns Politicians Will Feel the Pinch After Office
The President of the Ghana Union of Traders Association (GUTA) has delivered a stinging rebuke to Ghana’s political class, holding both sides of Parliament responsible for what he describes as a systemic failure to protect local businesses from being crowded out by foreign enterprises. Clement Boateng made no effort to soften his message as he addressed members of the Minority Caucus, laying the blame squarely at the feet of successive political administrations across party lines. His central charge: that lawmakers, through inaction and weak oversight, have allowed foreign investors, particularly from China, to entrench themselves in sectors of the economy that were historically the preserve of Ghanaian entrepreneurs. The sectors Boateng identified paint a broad and troubling picture. Retail trade, construction, mining, finance, telecommunications, and small-scale commerce, areas once dominated by indigenous business owners, have, in his view, increasingly fallen under the influence of foreign players. The consequence, he argued, has been the gradual marginalisation of local entrepreneurs who find themselves unable to compete on an uneven playing field. Nowhere has this been more damaging, Boateng suggested, than in the mining sector, where the surge in foreign activity has not only displaced Ghanaians economically but has also wreaked havoc on the environment. He pointed specifically to the contamination of vital water bodies, a crisis that has drawn widespread public concern and underscored the real human cost of unchecked foreign involvement in the industry. The GUTA President also turned his attention to the regulatory frameworks that should, in theory, offer some protection. He singled out the Ghana Investment Promotion Centre Act, which contains provisions safeguarding local participation in certain sectors, but argued that the law exists largely on paper. Weak enforcement, he contended, has rendered these protections meaningless in practice, a failure he attributed to a lack of political will. Perhaps his sharpest warning, however, was directed personally at the lawmakers in the room. Boateng reminded them that many of them are active business people themselves, and cautioned that once they exit public office and return fully to private enterprise, they will be forced to confront the very same challenges they are currently doing so little to address. It was, in effect, a warning that the consequences of their inaction would one day come home to roost. Source: Apexnewsgh.com
MTN Ghana Launches Game Changing Sim Swap Self-Service – Customers Swap Anytime, Anywhere
In its commitment to delivering convenient, secure and innovative digital solutions for customers, MTN Ghana has launched Sim Swap Self-Service. This innovative solution empowers customers to replace their SIM cards whenever and wherever they may be, eliminating the need to visit a physical service centre for assistance. The launch was held simultaneously across six locations, Accra, Kasoa, Koforidua, Kumasi, Ho and Tamale, demonstrating MTN’s commitment to digital transformation and enhancing customer experience. Speaking at the event, Jemima Kotei Walsh, the Chief Customer Experience Officer of MTN Ghana, shared the vision behind the new self-service SIM swap initiative. She underscored MTN’s dedication to harnessing technology for customer empowerment, describing the launch as a milestone that would reshape how customers interact with their mobile services. She explained that, for years, SIM swaps meant a trip to a service center or an online request that required assistance. Now, however, MTN Ghana is proud to enable customers to complete this vital service on their own, conveniently, securely and wherever they happen to be. “The need for SIM swaps has always been high, with MTN Ghana handling roughly 250,000 of such requests each month across its service centers. The self-service will ease these burdens by reducing lines, waiting times and giving customers more control and flexibility over their accounts. Before the full rollout, a pilot program had already demonstrated the value of the initiative with more than 18,000 customers successfully swapping their SIMs independently or with very little help at MTN branches. This success was more than just numbers, it was proof of digital empowerment and a shining example of customer-driven innovation in action,” she added. Beatrice Hemen, Director of Consumer Affairs at the National Communications Authority (NCA), praised the new solution, emphasizing that telecom users frequently report SIM swap concerns. “The Authority consistently receives a significant number of SIM swap-related complaints. Empowering customers to handle the process themselves marks a major step forward,” she commented. She added that the initiative will give customers greater choice and help shape Ghana’s telecommunications ecosystem. Commenting on the innovative Sim Swap Self-Service, the Chief Executive Officer of MTN Ghana, Mr. Stephen Blewett, stated that MTN continues to drive forward its vision for a dynamic digital future and remains dedicated to developing innovative solutions that consistently exceed customer expectations and enhance their daily experiences. The SIM Swap Service offers a range of advantages for customers. Users can conveniently swap their SIM cards at any time, saving valuable time and effort. Whether a device is lost, stolen, or damaged, the service allows for quick replacement, even for individuals located outside Ghana. It ensures rapid restoration of mobile services with little interruption, provides robust security through digital authentication and empowers customers to manage their accounts independently, eliminating reliance on service center staff. Security is a fundamental aspect of this innovation. The self-service SIM swap platform incorporates state-of-the-art biometric facial recognition, guaranteeing that only the legitimate owner can carry out the swap. This technology significantly reduces the risk of fraud and shields customers from threats posed by forged or compromised identification cards. Attendees witnessed a live walkthrough of the self-service SIM swap, demonstrating how users can complete the process seamlessly through MTN’s digital platforms, either via the myMTN App or by USSD dialling *1333#. This digital approach replaces traditional manual checks with a secure biometric facial-recognition scan that verifies the user against their registered SIM information, ensuring both ease and security. The event wrapped up with a lively, coordinated display featuring placards that illustrated each step of the SIM swap process, visually emphasizing how straightforward and effortless the new service is for customers. Source: Apexnewsgh.com
Mahama Urges Tenants to Report Landlords Flouting Rent Advance Laws
President John Dramani Mahama has urged tenants across Ghana to hold landlords accountable by reporting those who demand rent advances beyond the legally permitted limit, as the government intensifies efforts to protect renters from exploitation in the housing sector. The President made the call during a meeting with Organised Labour at the Presidency, where he underscored the urgent need to enforce existing housing regulations and shield tenants from unlawful financial demands. Mahama acknowledged the mounting pressure that housing costs are placing on Ghanaian households, warning that affordable accommodation is rapidly slipping out of reach for a growing number of citizens. He linked the surge in excessive rent demands to the country’s persistent housing deficit, arguing that the shortfall in available housing has emboldened some landlords to impose illegal charges on desperate renters. The President reminded the public that the law expressly bars rent advances of more than six months, yet enforcement of this provision remains largely ineffective, a situation he partly attributed to the reluctance of both tenants and landlords to pursue grievances through the rent courts. As a way forward, President Mahama proposed convening a national housing dialogue bringing together government, the private sector, and labour groups to craft a robust social housing policy. He stressed that only a well-coordinated, multi-stakeholder approach can meaningfully resolve the housing crisis and guarantee fair, accessible accommodation for every Ghanaian. Source: Apexnewsgh.com
Transport Fares Hang in the Balance as Fuel Prices Threaten to Rise
Commuters in Ghana may soon feel the pinch at the lorry station. The Ghana Private Road Transport Union (GPRTU) has sounded a cautious warning: if fuel prices go up, transport fares will likely follow. The alert came on March 15, when the union’s Industrial Relations Officer, Abass Imoro, sat down for an interview to address growing concerns about the cost of moving people across the country. He revealed that some drivers, already buckling under rising operating expenses, had taken matters into their own hands by quietly hiking fares without authorization. The union, however, was quick to intervene, rolling back those increases and restoring the officially approved rates. Drivers had held onto hope that the recent weakening of the dollar would bring some relief, particularly on the cost of lubricants and other essential inputs. That hope, Mr. Imoro admitted, has largely gone unfulfilled. Prices have remained stubbornly high, and the financial pressure on transport operators continues to mount. Still, Mr. Imoro was keen to reassure the public that the union would not act in haste. Should fuel prices rise and trigger a review of fares, he said, the leadership would first take time to study market trends before announcing any changes, a measured approach aimed at protecting commuters from sudden, unplanned increases. But the clouds on the horizon are darkening. Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers, has issued a stark warning: petrol and diesel prices could surge to between 13 and 15 cedis per litre. He pointed to supply disruptions fuelled by escalating tensions in parts of the Middle East as the key driver behind the anticipated spike. For everyday Ghanaians who depend on commercial transport to get to work, school, and market, the coming weeks may demand closer attention, and perhaps a tighter grip on their wallets. Source: Apexnewsgh.com
Alleged Ant-Trafficking Kingpin Caught at Nairobi Airport with Over 2,000 Queen Ants
A Chinese national accused of being the mastermind behind a Kenya-based anti-trafficking ring has been arrested at Nairobi’s Jomo Kenyatta International Airport (JKIA) after attempting to smuggle more than 2,000 live queen garden ants out of the country, the BBC reports. Zhang Kequn was intercepted during a routine security check as he prepared to board a flight to China. What authorities found in his luggage was anything but routine: a carefully concealed consignment of live ants, packed with the kind of precision that suggested this was no amateur operation. According to state prosecutor Allen Mulama, who addressed the court on Wednesday, the ants had been distributed across two hiding spots within Zhang’s personal luggage. “Within his personal luggage, there was found 1,948 garden ants packed in specialised test tubes,” he told the court, adding that “a further 300 live ants were recovered concealed in three rolls of tissue paper within the luggage.” Zhang has yet to respond to the accusations. However, investigators told the court that he is linked to an anti-trafficking network that was dismantled in Kenya last year, and that he had apparently evaded arrest at the time by fleeing the country on a different passport. The ants in question, scientifically known as Messor cephalotes, are giant African harvester ants protected under international biodiversity treaties. The Kenya Wildlife Service (KWS) has previously warned of a surging demand for the species in Europe and Asia, where collectors prize them as exotic pets. Their removal from the wild, the KWS has cautioned, poses a real threat to soil health and broader ecosystem stability. This latest arrest follows a landmark case from last May, in which a Kenyan court sentenced four men, two Belgians, a Vietnamese national, and a Kenyan, to one year in prison or a fine of $7,700 (£5,800) for a similar smuggling attempt. The four had pleaded guilty after their arrest in what the KWS described as “a coordinated, intelligence-led operation.” The Belgians, notably, told the court they had been collecting the ants as a hobby and were unaware it was illegal. Investigators now believe Zhang was the driving force behind that same network. The court on Wednesday granted prosecutors permission to detain him for five days while detectives conduct further investigations, including a forensic examination of his phone and laptop. Senior KWS official Duncan Juma told the BBC that the probe is far from over, with more arrests expected as investigators extend their reach into other Kenyan towns where ant harvesting is suspected to be taking place. For the KWS, an agency more accustomed to protecting lions and elephants, the growing ant-trafficking trade represents an unexpected but increasingly serious frontier in wildlife crime. Source: Apexnewsgh.com
Only 1,000 to Be Recruited Out of 180,000 Ghana Immigration Service Applicants, Says Interior Minister
The Minister for the Interior, Mubarak Mohammed Muntaka, has revealed that just 1,000 young people will be recruited into the Ghana Immigration Service, despite more than 180,000 applicants vying for positions during the recent recruitment exercise. Speaking at a press briefing on Wednesday, March 11, Mr. Muntaka addressed the overwhelming demand for jobs among Ghana’s youth and clarified the constraints facing the country’s security agencies. He explained that while thousands expressed interest in joining the Immigration Service, the organization’s current infrastructure and logistical capacity can only accommodate a fraction of the applicants. “The total of over 180,000 young men wanted to join the Ghana Immigration Service. But the interesting thing is that today, the Ghana Immigration Service, the strength, from the Comptroller General to the last officer, stands at 18,300. Less than 20,000, yet you have 180,000 opting to join,” the Minister noted. Mr. Muntaka added that, due to limitations in training and accommodation facilities, only 1,000 new recruits can be taken in during this recruitment cycle. “Unfortunately, because of the physical space, we could only have space for 1,000,” he said. He described the situation as a clear indication of the intense competition for positions within the security services and a reminder of the pressing need for job creation to address the aspirations of Ghana’s growing youth population. Source: Apexnewsgh.com
FDA Launches Nationwide Crackdown on Suspected Plastic Use in Plantain Chips
The Food and Drugs Authority (FDA) has launched a sweeping nationwide market surveillance and laboratory testing initiative after alarming reports surfaced that some plantain chip vendors are using melted plastic to fry their products. This decisive action was triggered by viral videos and social media reports alleging that certain vendors are adding polythene materials to hot oil during the preparation of plantain chips. The practice, purportedly aimed at making the chips crispier and extending their shelf life, has raised urgent food safety concerns across the country. In an official statement, the FDA condemned the alleged use of melted plastic as extremely dangerous. The authority warned that melting plastic in frying oil results in direct chemical contamination, making the food unfit for human consumption. According to the FDA, heating plastics such as low-density polyethene in hot oil can cause harmful chemicals to migrate into the food. The process speeds up the release of plasticisers, phthalates, and antioxidants, all of which are potentially toxic to consumers. Citing scientific research, the authority highlighted that long-term exposure to such chemicals is linked to endocrine disruption, hormonal imbalances, and a higher risk of certain cancers. The FDA reminded the public that, under Section 100 of the Public Health Act, 2012 (Act 851), selling unwholesome or contaminated food is a criminal offence. The use of non-food-grade additives like plastics in food preparation could lead to prosecution and permanent closure of offending businesses. Consumers are urged to stay vigilant, especially if plantain chips have an odd chemical smell, a plastic-like aftertaste, or remain unusually crisp for extended periods. The FDA encouraged the public to report any suspicious food preparation practices they observe. The authority also assured the public that the results of ongoing laboratory tests on plantain chips will be released when investigations are complete, reinforcing its commitment to consumer safety and public health. Source: Apexnewsgh.com