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President John Dramani Mahama has commenced a high-profile state visit to the Republic of Belarus at the invitation of President Aleksandr Lukashenko. The visit, focused on agricultural modernization, includes the inspection of advanced farming and mining machinery at the Belagro 2026 exhibition. President Mahama emphasized that any procurement of equipment must include robust technical support and spare parts to ensure long-term sustainability for Ghanaian farmers.
This visit is a cornerstone of the administration's strategy to transition Ghana from a raw-material exporter to an industrialized economy. Securing technical partnerships rather than just equipment purchases is vital for the success of the 24-Hour Economy policy.
The Ministry of Finance, represented by Deputy Minister Thomas Nyarko Ampem, claimed that over GHc1.6 billion (~$135.7 million USD) had been released to the Ministry of Food and Agriculture (MoFA). However, MoFA has flatly refuted this, asserting that actual spending was restricted to approximately GHc453 million (~$38.4 million USD). This disagreement has fueled speculation regarding a power struggle between Finance Minister Dr. Cassiel Ato Forson and Agric Minister Eric Opoku.
For investors and policy analysts, this discrepancy in financial reporting signals potential friction in budget management and could undermine confidence in government data during a critical economic recovery phase.
Both ministers are seen as potential leadership contenders in a post-Mahama political landscape. The NDC Council of Elders has reportedly intervened to caution against premature factionalism.
In a coordinated effort by the Ghana Police Service, 80 suspects were arrested in a massive anti-crime swoop across the Upper East Region. Concurrently, a Circuit Court in Tamale sentenced notorious drug dealer Napari Baba Nindow to three years in prison with hard labor and a fine of GHc120,000 (~$10,181 USD). The operations targeted hubs in Bolgatanga, Zuarungu, and Bongo.
Increased police presence in the northern belt is expected through June as authorities attempt to dismantle narcotics networks that are increasingly linked to regional instability and the recruitment for violent extremism.
The Bank of Ghana (BoG) has intensified liquidity management to stabilize the cedi, which depreciated by 4.6% in May 2026, closing at GHc11.73 per dollar. The BoG successfully withdrew GHc11.28 billion (~$957 million USD) from the banking sector through a 14-day bill auction to curb inflation, which currently stands at 3.7%.
Governor Dr. Johnson Asiama maintains that Ghana has built a $14 billion USD reserve buffer, sufficient to withstand external oil price shocks. The BoG intends to keep the policy rate at 14% to balance growth with price stability.
At the current exchange rate (GHc11.78 per $1 USD), your remittances are providing strong purchasing power for family support and local investments, though inflation on consumer goods remains a factor to monitor.
Ghana's refining capacity is receiving a major boost. Sentuo Oil Refinery has secured a $200 million USD loan through Ecobank Ghana for its second-phase expansion into a petrochemical hub. Meanwhile, the state-owned Tema Oil Refinery (TOR) reported a historic pre-tax profit of GHc1.24 billion (~$105 million USD) for the 2025 financial year, ending a long period of operational dormancy.
Revitalizing local refining reduces Ghana's dependency on imported petroleum, potentially stabilizing domestic pump prices and improving the trade balance.
The government, in collaboration with the World Bank, has launched the AgriConnect Compact, aiming to mobilize $3.5 billion USD between 2026 and 2030. The program targets self-sufficiency in rice, maize, and poultry, intending to create 2.6 million jobs by 2035.
The compact focuses on large-scale commercialization and cold-chain logistics. Opportunities exist for investment in tomato processing, where Ghana currently wastes 30-45% of its harvest due to poor infrastructure.
Following heavy downpours that submerged parts of Accra, Vice President Prof. Jane Naana Opoku-Agyemang has toured affected communities. A pregnant woman, Margaret Kpeli, tragically died in a building collapse in Adenta during the rains. In response, MP Dr. Kingsley Agyemang is advocating for a National Disaster Risk Management Fund sustained by mining sector contributions.
The timing of the rains coincides with the anniversary of the 2015 June 3 Circle fire and flood disaster, a recurring trauma for many Accra residents.
Proposals for a "SMART Tunnel" infrastructure, similar to Kuala Lumpur's, are gaining traction among engineering experts as a permanent solution for Accra's drainage failures.
The Accra Metropolitan Assembly (AMA) distributed GHc106,000 (~$8,993 USD) to 106 traders affected by the Tudu fire. Additionally, families affected by the Accra Central Police Barracks fire received GHc15,000 (~$1,272 USD) each from a joint government and police relief fund.
Black Stars captain Jordan Ayew has declared he is carving his own legacy, distancing himself from constant comparisons to his father, Abedi Pele. Ayew, now 34, stated "football doesn't lie on the grass," defending his 16-year tenure as earned by merit rather than family name.
Black Stars context: Ghana faces a steep statistical climb; the Opta model currently gives the Black Stars a 0.2% chance of winning the 2026 World Cup.
Despite being snubbed for the PFA Players’ Player of the Year shortlist, Ghanaian winger Antoine Semenyo has been named one of seven African stars to watch during the 2026 World Cup. His EPL form is seen as critical for Ghana given injury concerns for Mohammed Kudus.
Nigerian superstar Burna Boy and Shakira will perform the official tournament song "Dai Dai" at the Estadio Azteca in Mexico City on June 11, 2026. This marks a historic cultural fusion of Afrobeats and Latin pop on the world's biggest stage.
The inclusion of an African artist at the primary opening ceremony in Mexico highlights the global dominance of the Afrobeats genre.
Today we covered President Mahama's strategic mission to Belarus, the GHc1.6 billion budget dispute between ministries, and the escalating healthcare crisis at KATH. Thank you for reading the Ghana News AI Daily Brief!
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