Bawumia condemns ‘unfair’ dismissals, urges Mahama to reverse decision.
However, recent developments, which he believes pose a “significant threat to the country’s democracy,” had compelled him to speak out.
Ghana
N-Gas to halt gas supply to Ghana over unpaid arrears.
N-Gas is committed to upholding the sanctity of contracts across the value chain and, as a result, may demand one month’s pre-payment from VRA as a condition for continued gas supply.
Temporal Halt on All Currency Bureau Operations in Support of the Government Change Movement
The Movement for Change, one of the independent political groups in the 2024 general elections, has charged the Finance Minister, Cassiel Ato Forson, to dissolve all forex bureaux in the country to allow foreign currencies to be exchanged directly at commercial banks.
Addressing a press conference in Accra on Tuesday, February 18, the spokesperson for the Movement for Change, Andrew Appiah Danquah, called on the government to completely overhaul the forex sector, scrap levies such as the betting tax, and maintain the flat rate for Micro, Medium and Small Enterprises (MMSEs).
The Movement believes this will go a long way in restoring financial confidence in the financial sector.
“The stabilisation of the local economy is of prime importance in maintaining a healthy economy. In this regard, while working towards a more robust and comprehensive medium to long-term solution, particularly in the area of boosting exports and enhancing import substitution, the ministry should introduce some short-term policy interventions designed to regulate the demand and supply of foreign exchange.
“In this regard, government should suspend with immediate effect until further notice. The operation of all forex bureaux and mandate all forex transactions to be conducted through the commercial banks and the Bank of Ghana. In addition, government-existent regulations on the retention of frauds from export revenue must be strictly enforced.”
Ofori-Atta removed from list of wanted persons as he returns for probe.
This announcement follows a period of uncertainty about Ofori-Atta’s whereabouts, which led the OSP to declare him wanted as part of its investigation into corruption-related offences.
KNUST Creates a Locally Manufactured Device to Evaluate Strength of Materials
The Kwame Nkrumah University of Science and Technology (KNUST) has developed a locally-made machine designed to test the strength of various materials.
IMF to Ghana: You Can’t Borrow More Than $250 Million in 2025
Ghana cannot borrow more than $250 million in external loans—including commercial loans—in 2025, under a borrowing cap as part of a Memorandum of Understanding (MOU) with its Official Creditor Committee (OCC)
President Mahama declares assets and urges Public Officers to Declare Assets by March 31 or Face Removal!
The declaration was made public on Tuesday, February 18, 2025, at the Jubilee House.
Debt Exchange: Finance Ministry pays GH₵6bn to bondholders.
In line with this directive, the Ministry of Finance has on Monday, February 17, disbursed a Payment-In-Cash (PIC) coupon of GH₵6.081 billion to all DDEP bondholders.
President Mahama Rules Out Immediate Extension of Ghana’s IMF Programme.
Speaking in an interview with Bloomberg TV at the Munich Security Conference, President Mahama emphasized his government’s commitment to implementing the current programme without seeking an extension at this stage.
The First Decline in Fuel Costs in 2025
Some Oil Marketing Companies (OMCs) have begun adjusting prices downward at the pumps following the commencement of the second pricing window of February