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The UN General Assembly has passed a resolution, spearheaded by President John Dramani Mahama, designating the transatlantic slave trade as a "crime against humanity." The motion passed with 123 votes. It encourages former slave-trading nations to engage in dialogue regarding a reparations fund, formal apologies, and the return of looted cultural artifacts. While the US, Israel, and Argentina voted against it, the resolution marks a turning point in Africa's pursuit of restorative justice.
This elevates Ghana's diplomatic standing and creates a formal international platform to discuss the systemic underdevelopment caused by centuries of exploitation.
President Mahama has made reparatory justice a pillar of his foreign policy since his inauguration in January 2025, frequently citing the need to protect Black history from "erasure" in Western curricula.
Parliament has passed the Value for Money Office Bill 2026, establishing an independent body to certify all major government contracts. However, the session was marred by a walkout of the Majority during a Public Accounts Committee (PAC) probe into a GHc68 billion (~$6.18 billion USD) audit report. PAC Chairperson Abena Osei-Asare accused the Majority of "abusing parliamentary trust" to stall accountability.
The new bill aims to prevent inflated contract costs, a major source of fiscal leakage. However, the friction in the PAC suggests deep political resistance to auditing previous expenditures.
The Ghana Export-Import Bank (GEXIM) marked its 10th anniversary, reporting a loan portfolio surge from $68 million in 2016 to $278 million in late 2025. CEO Sylvester Mensah announced a "reset" strategy focusing on agro-processing and pharmaceuticals to move Ghana toward a production-led economy. Deputy Minister for Trade Sampson Ahi cautioned that this reset must deliver tangible results for SMEs rather than just "slogans."
GEXIM's shift toward export credit guarantees and advisory services indicates a maturing trade finance environment for those looking to export processed Ghanaian goods.
GCB Bank PLC recorded a GHc2.06 billion (~$187 million USD) profit for 2025, while MTN Ghana announced a 55.9% surge in profit. Despite these successes, the Chamber of Petroleum Consumers (COPEC) warns that fuel prices could hit GHc18 (~$1.64 USD) per litre by April due to Middle East tensions. Simultaneously, the Ghana Stock Exchange suffered a sharp correction, with market capitalization falling from GHc284.82 billion (~$25.89 billion USD) to GHc269.90 billion (~$24.54 billion USD).
High fuel prices will likely drive up the cost of food and local transport for family members back home. Consider that $100 USD currently converts to GHc1,100, which may not go as far if inflation spikes in April.
The divergence between strong corporate earnings and falling market cap suggests investors are taking profits early due to macroeconomic fears regarding energy costs.
Police arrested two suspects linked to the 2025 Dzorwulu jewellery heist, recovering masks and a toy pistol used in the robbery. In the Oti Region, 36-year-old Chalim Madzaton was arrested for the murder of an 80-year-old woman. Meanwhile, a massive anti-drug operation in Tamale and Savelugu resulted in 77 arrests and the seizure of suspected cocaine and Tramadol.
The Dzorwulu robbery was a high-profile case from September 2025 that shook the Accra business community. These arrests demonstrate the effectiveness of the Police Service's intensified "cold case" initiative under the current administration.
Deputy High Commissioner Aquinas Quansah confirmed that Ghana owes UK universities #32 million (~$40 million USD) in unpaid scholarship fees. This debt has halted new scholarship awards since 2025 and led to warnings that current students may be withdrawn from their programs.
Whether the government allocates emergency funds in the upcoming Q2 budget review to prevent the mass deportation of Ghanaian scholars.
PUMA has unveiled the culture-inspired jerseys for Ghana's 2026 World Cup campaign. The home kit features geometric patterns, while the yellow away kit is inspired by Kente cloth. The team is currently in a high-energy training camp in Vienna, where winger Fatawu Issahaku (Leicester City) impressed with a "golazo" in training.
Black Stars context: These matches against Austria and Germany are the final benchmarks before the World Cup squad is finalized. Watch for emerging talents integrating with veterans like Thomas Partey.
Ghana has officially launched the 24th African Senior Athletics Championships, scheduled for May 12–17, 2026, at the University of Ghana Stadium. The event is expected to attract global stars like Faith Kipyegon and Letsile Tebogo.
The 27th Telecel Ghana Music Awards (TGMA) nominations have triggered petitions from artists Cina Soul and AratheJay, who are questioning their exclusion from major categories. AratheJay's team is demanding clarity on why his album "The Odyssey" was omitted despite its commercial success.
The credibility of Ghana's premier music awards is under scrutiny as artists demand more transparency in the "Swing Period" policy that handles late-hit eligibility.
Today we covered the historic UN slavery resolution, the mixed signals in the economy as corporate profits meet fuel price fears, and the intensified police operations securing the nation. Thank you for reading the Ghana News AI Daily Brief!
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