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President John Dramani Mahama has commissioned a new Divisional Police Headquarters in Odumase Krobo and announced the procurement of 40 additional armored vehicles for the Ghana Police Service, doubling tactical mobility. To ensure these promises are met, Chief of Staff Julius Debrah has activated the Presidential Delivery Unit (PDU) to conduct monthly reviews of government projects and decentralized monitoring with traditional leaders. The administration also committed to Phase Two of the Atuabo Gas Processing Plant, backed by $3.5 billion USD in investments to boost generation capacity toward 6,000 megawatts.
This represents an attempt by the new administration, which took office in January 2025, to move beyond rhetoric toward measurable execution. The expansion of police mobility is critical given the recent spike in highway violence.
Since 2022, Ghana has operated under strict IMF-supervised fiscal targets. The PDU's role is to ensure that limited state resources are actually reaching projects on the ground without the leakage common in previous administrations.
Ghana's energy sector has become a primary battleground as the nation grapples with persistent power outages. While the government cites $250 million USD in savings from renegotiated contracts, opposition figures and media personalities are demanding greater transparency regarding disruptions at the Akosombo Dam and ongoing transformer upgrades. Energy policy analyst Dr. Elikplim Kwabla Apetorgbor has urged the government to move past simply increasing generation capacity—which currently stands at 5,000MW against a 3,788MW peak—and focus on the resilience and security of the distribution grid.
Inconsistent power supply directly hampers SME productivity and raises the cost of living, which currently faces high inflation. The 'Dumsor' narrative remains a potent political liability for any sitting government.
Look for the Public Utilities Regulatory Commission (PURC) to issue a more definitive load-shedding schedule if technical disruptions at major dams continue.
The Bank of Ghana (BoG) 2025 audited financial statements show an operational loss of GHc15.6 billion (~$1.41 billion USD), which the bank attributes to the high costs of sterilization and the Domestic Gold Purchase Program (DGPP). However, the Minority Caucus, led by Kojo Oppong Nkrumah, has declared the bank 'policy insolvent,' claiming the actual loss is closer to GHc44 billion (~$4 billion USD) when hidden deficits are included. Despite the loss, the BoG maintains record-high foreign reserves of $13.8 billion USD and projects a return to profitability by 2026.
The central bank's negative equity—roughly 8% of GDP—is one of the highest globally. While reserves are strong, the massive operational deficit limits the bank's ability to intervene in the currency market or support local banks without fueling inflation.
The dispute over accounting transparency signals potential volatility in the sovereign debt market. Watch for IMF reactions to the BoG's recapitalization plan.
At the current exchange rate of GHc11 per USD, your remittances have strong purchasing power, but the BoG's financial health is a key indicator of whether the cedi will remain stable or depreciate further in 2026.
First-quarter results show a divide in the private sector. Kasapreko PLC reported a 55% profit surge to GHc73 million (~$6.63 million USD), and Fan Milk PLC saw an 84% jump in profit before tax to GHc61.2 million (~$5.56 million USD). Conversely, Enterprise Group PLC saw profits dip by 49% to GHc71.3 million (~$6.48 million USD) due to net insurance finance expenses. Meanwhile, the National Mobile Money Advocacy Group (MoMAG) issued a stern warning to agents to stop illegal charges on deposits.
Kasapreko's plan to establish a sinking fund in August 2026 to meet corporate bond obligations in 2027 is a positive signal for creditworthiness in the manufacturing sector.
A violent ambush on a VIP passenger bus along the Walewale–Nasia Road resulted in one death and five injuries on May 2. This followed a raid on a fuel station in Sampa that left two dead and a horrific robbery in Golf City where a fuel tanker driver and his pregnant partner were murdered for GHc470,000 (~$42,727 USD). In the Ashanti Region, the National Anti-Illegal Mining Operations Secretariat (NAIMOS) conducted night raids, arresting eight suspects and seizing four excavators near the Oda River.
The Walewale corridor is a critical transit route for trade between southern Ghana and Burkina Faso. Increased instability here directly impacts the cost of northern-produced foodstuffs in Accra markets.
Expect increased military presence on the Walewale-Nasia-Tamale highways and stricter security protocols at regional hospitals after a man was caught on CCTV posing as a nurse to steal from patients in Gushegu.
Starting May 4, the DVLA in the Ashanti Region is introducing a dual-shift system (6:00 AM–2:00 PM and 2:00 PM–10:00 PM). To ensure security, payments after 5:00 PM must be electronic.
This move aims to clear the massive backlog of driver's licenses and vehicle registrations while accommodating professionals who cannot visit during standard office hours.
Ghana’s men’s 4x100m relay team—Joseph Paul Amoah, Benjamin Azamati, Abdul Rasheed Saminu, and Edwin Gadayi—secured their place at the upcoming World Athletics Championships with a time of 38.09 seconds. However, the victory was marred by athlete criticism of the Sports Ministry over poor travel arrangements, including a 16-hour layover and arriving just one day before the race.
Black Stars context: The athletes' public comparison to the treatment of the Black Stars highlights a growing tension regarding the funding of non-football sports in Ghana.
Medeama SC extended their lead at the top of the Ghana Premier League to five points after a 2-0 win over Bibiani Gold Stars. Meanwhile, Accra Hearts of Oak moved to third with a 1-0 win over Nations FC, while Asante Kotoko's slump continued with a 2-0 loss to Dreams FC, leaving the Porcupine Warriors in 8th place.
The 'Grandpapa' of Hiplife, Reggie Rockstone (62), shared his journey of quitting smoking to manage asthma and adopting a clean diet. He also endorsed Wendy Shay for the 2026 TGMA Artiste of the Year, suggesting a win for her would be a "beautiful story" for the industry.
Today we covered the intense political debate over the Bank of Ghana's GHc15.6 billion (~$1.41 billion USD) audit loss, the start of the 2026 BECE exams for over 37,000 students, and the tragic security incidents on our highways. Thank you for reading the Ghana News AI Daily Brief!
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