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Prof. Kofi Arko Nokoe, MP and board member, has joined the Industrial and Commercial Workers’ Union (ICU) in opposing the potential privatization of the Volta Aluminium Company Limited (VALCO). The government is seeking a strategic equity partner to provide $2.3 billion for the modernization of the state-owned smelter. Concurrently, the New Patriotic Party (NPP) has initiated expulsion proceedings against former Minister Prof. Kwabena Frimpong-Boateng after he labeled the party 'fake.' Frimpong-Boateng, whose 2021 Galamsey Report previously implicated party officials in illegal mining, intends to boycott the disciplinary process.
The VALCO dispute tests the government's ability to attract foreign direct investment without alienating organized labor, while the NPP's internal strife suggests lingering fallout from environmental and corruption scandals.
VALCO is central to Ghana's 'Integrated Aluminium Industry' plan. The NPP internal conflict stems from the 2021 Galamsey Report, which exposed the complicity of high-ranking officials in environmental destruction through illegal mining.
Attorney-General Dr. Dominic Akuritinga Ayine has explained the decision to drop criminal charges against former Finance Minister Dr. Kwabena Duffour and other directors of the defunct Unibank. Ayine stated that investigations found no evidence of theft or personal enrichment, attributing the bank's failure to poor business judgment rather than criminal intent. He noted that civil actions to recover assets remain active.
This follows the 2017-2019 banking sector cleanup under the previous administration, which saw several indigenous banks, including Unibank, lose their licenses due to insolvency.
The case of 58-year-old Rabbiatu Kuyateh has brought scrutiny to Ghana's role as a transit point for U.S. deportations. Despite a judge granting her protection against torture in Sierra Leone, Kuyateh was deported to Ghana in late 2023 before being forced back to her home country. Critics argue these 'third-country removals' circumvent international non-refoulement laws.
This case highlights changing enforcement protocols in Western nations. Ghanaians abroad should stay informed on bilateral transit agreements that could affect West African travelers and residents.
Governor Dr. Johnson Pandit Asiama has announced that 2026 will focus on consolidating the macroeconomic stability achieved in the previous year. Priorities include strengthening the foreign exchange market and money market stability. To improve transparency, the BoG has launched the 'Governor’s Economic and Financial Story of the Year Award' for journalists, featuring a sponsored trip to the IMF and World Bank meetings.
Stability in the forex market is essential for controlling inflation and maintaining the purchasing power of the cedi.
The BoG's focus on 'evidence-based policies' and consumer protection signals a maturing regulatory environment. Watch for improved FX liquidity in Q1 2026.
Accra will host the Africa Real Estate Festival on April 18-19, 2026. The event aims to generate over $200 million USD in investment leads and attract 1,500 delegates from 30 countries. Discussions will focus on sustainable urban development and integrating capital markets into the real estate sector.
This is a primary entry point for those looking to tap into Africa's rapid urbanization. The festival will highlight tourism-linked real estate models from regions like Barbados.
Star Oil has called for the National Petroleum Authority (NPA) to remove the current price floor in the downstream petroleum sector, arguing it would enhance competition. However, industry experts warn that removal could lead to predatory pricing and market instability.
The current exchange rate is 1 USD = GHc 10.73. Fuel prices directly impact transportation costs and, by extension, food inflation.
Richmond Osei Sarfo, 54, has been remanded for allegedly defrauding an accountant of GHc 110,000 (~$10,251 USD). The suspect reportedly posed as the seller of a Hyundai Tucson through an online advertisement but provided fraudulent documents after receiving payment.
Use caution when purchasing vehicles remotely. Always use verified inspection services and escrow systems for high-value transactions in Ghana.
The family of George Kwame Antwi, 40, discovered just hours before his scheduled funeral that his body had been mistakenly released and buried by another family three months ago. The Assin Brofoyedur Mortuary reportedly confused Antwi with a 75-year-old man.
The family is demanding an exhumation and legal accountability from the mortuary, which could lead to tighter regulations for private and public morgues.
Journalist Serwaa Amihere has issued a public apology to the Presbyterian Boys’ Senior High School (PRESEC) after claiming the school was a 'breeding ground for homosexuals.' The school management condemned the stigmatization of its students and emphasized their commitment to Christian values.
In Oyo State, gunmen killed a policeman and abducted Chinese expatriate Renjith Pillai. Separately, in Kano, a 35-year-old woman and her six children were murdered in their home.
These incidents underscore the volatile security environment in neighboring Nigeria, which often influences regional security discussions within the ECOWAS bloc.
Morocco will face Senegal tonight at the Stade Prince Moulay Abdellah for the continental title. This follows Nigeria's 4-2 penalty shootout victory over Egypt in the third-place match, where Mohamed Salah missed a decisive penalty.
Black Stars context: While Ghana exited early, the tournament provides a benchmark for the national team's restructuring ahead of World Cup qualifiers.
Medeama SC secured a 2-1 win over Vision FC thanks to two stoppage-time free-kicks from Salim Adams. They now hold a seven-point lead. Meanwhile, former board members of Hearts of Oak are calling for a management overhaul following a 0-0 draw with Dreams FC.
Spanish-Ghanaian winger Nico Williams scored for Athletic Club in their 3-2 loss to Mallorca. Williams has four goals in 16 appearances this season.
Nana Ama McBrown and Nigeria's Kate Henshaw will headline the Women of Valour event in London on March 7, 2026. Founded by Nana Aba Anamoah, the event focuses on 'The Pursuit of Fearlessness.'
Today we covered the push for economic consolidation by the Bank of Ghana, the political debate over VALCO's privatization, and the upcoming Women of Valour event in London. Thank you for reading the Ghana News AI Daily Brief!
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