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Feel Good with Two: G-Money Campaign Makes the Case for a Second Mobile Money Wallet

Prosper Kay
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Feel Good with Two: G-Money Campaign Makes the Case for a Second Mobile Money Wallet

For many Ghanaians, having more than one option is already part of everyday life.
People use multiple SIM cards, take different routes depending on traffic, compare prices across ride-hailing apps and keep more than one trusted option for food, banking and other essential services.

The thinking is simple: having alternatives provides convenience, flexibility and greater control.
G-Money is bringing that same idea to mobile money through its Feel Good with Two campaign.
The campaign encourages Ghanaians to consider having G-Money as an affordable and secure second mobile money wallet on the same phone number.

It is not positioned as a replacement for a customer’s existing wallet. Instead, it offers an additional option for sending money, paying bills, saving and completing everyday financial transactions.

Why Have a Second Mobile Money Wallet?
The campaign is built around a straightforward question: if people are comfortable having alternatives in other areas of their lives, why should they rely on only one mobile money wallet?

Having a second wallet can provide customers with another way to manage their money, particularly when they want greater flexibility or prefer to separate different types of transactions.

For example, one wallet could be used for personal spending while another is used for savings, household expenses or business transactions.

A second wallet may also serve as an alternative when customers need another channel through which to make payments or carry out mobile money transactions.
This idea is captured in the campaign message:
One number. Two wallets. More options.
Giving Customers More Control

Feel Good with Two is an expression of G-Money’s broader brand promise, Give Yourself More.
The campaign focuses on the value of having more choice, greater affordability and added control in the way customers manage their money.

The G-Money platform provides customers with access to mobile money services while emphasising security, convenience and affordable transactions.

Everyday Situations, One Simple Message
The Feel Good with Two campaign uses familiar everyday examples to explain why having another option can be useful.

Just as people may have more than one bank account, email address, preferred restaurant or route to work, G-Money is encouraging customers to apply the same thinking to mobile money.

The campaign also highlights the different ways a second wallet may support customers’ financial needs, including personal money management, savings, household expenses and business transactions.

Across these situations, the central message remains the same: customers can keep the mobile money service they already use while adding G-Money as another secure and affordable option.

Accessing G-Money
Customers can download the G-Money App from the Google Play Store or Apple App Store and complete the registration process.

Those who prefer in-person assistance can visit a G-Money agent to register. Registered customers can also access G-Money services by dialling *488#.
At its core, Feel Good with Two is making the case that having another mobile money wallet can provide greater convenience, flexibility and peace of mind.

Ghana Inflation Eases to 4.6% in July

Roger A. Agana
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Ghana Inflation Eases to 4.6% in July

Ghana’s annual inflation rate fell to 4.6% in July from 5.3% in June, the first slowdown since March, driven mainly by easing food prices, the statistics service said.

Government Statistician Alhassan Iddrisu said food inflation eased to 3.1% in July from 3.9% in June, while non-food inflation slowed to 6.1% from 6.3%. Inflation on locally produced goods fell to 5.9% from 6.7%, and inflation on imported items eased to 2% from 2.3%. A year earlier, inflation stood at 12.1%.

“In the space of 12 months the speed at which prices are rising has fallen by more than half,” Iddrisu told reporters.

The reading follows the Bank of Ghana’s decision in July to hold its policy rate at 14% for a second consecutive meeting, after five straight rate cuts earlier in the cycle. Announcing the decision on July 22, Governor Johnson Asiama cited renewed global uncertainty, including the conflict around the Strait of Hormuz, which has disrupted shipping and pushed crude oil prices above $85 a barrel, as an upside risk to the inflation outlook.

Asiama said on Thursday that even a prolonged disruption to shipping through the strait was unlikely to have a significant impact on Ghana’s economy, and that inflation expectations and core inflation remained broadly within the Bank’s medium-term target range of 6% to 10%, despite headline inflation now sitting below that band.

The disinflation continues a broader recovery from Ghana’s worst economic crisis in decades, with the Finance Ministry maintaining its macroeconomic targets for the year in a mid-year budget review last month.

Why Washington sanctions on Rwanda will not end eastern DRC crisis

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Why Washington sanctions on Rwanda will not end eastern DRC crisis

By Gerald Mbanda

In March this year, the U.S. administration imposed sanctions on the Rwanda Defence Force (RDF) and four top military commanders allegedly for “Rwandan backing of M23 rebels enabling serious human rights abuses and mass displacement.” The U.S further asserts that, “these military actions” violated the U.S. brokered Washington Accords for Peace and Prosperity.

When the U.S. administration proposed to broker a peace deal between Rwanda and the Democratic Republic of Congo (DRC), it was believed that Washington understood the seriousness of the problem and had the good will to help both sides settle their differences. However, the sanctions seem to be an indicator that the U.S. administration has derailed from addressing the root causes of the crisis in eastern DRC and instead focused their own geopolitical interests.

Before the signing of the Washington Accords between President Kagame and Tshisekedi, on December 4, 2025, the U.S. administration worked behind the scenes with DRC president Felix Tshisekedi to seal a minerals deal. By the end of 2025, American mineral companies had signed contracts with the Kinshasa government. For example, the KoBold Metals Company linked to American tech. billionaire Jeff Bezos, signed a mineral contract to develop a Lithium mine in Manono-southern DRC. Another minerals consortium- Virtus Minerals in partnership with Orion Resources linked to former U.S military and Intelligence officials signed deals to own Chemaf copper and cobalt mine, across the Haut-Katanga and Lualaba provinces. The deal intentionally disrupted a sale process that was going on between a Chinese mining company Zijin and the DRC government, pointing to a geopolitical competition between U.S. and China for critical minerals.

The examples above raise questions on the neutrality of U.S. administration in brokering a peace deal between Rwanda and DRC. Since DRC has critical minerals that the U.S badly needs, Washington keeps a blind eye on DRC as an enabler of a genocide agenda in the region, while Rwanda carries the cross of “backing” the M23 rebels, disregarding existential threats to Rwanda and Congolese Tutsi caused by FDLR. It should be known that FDLR comprises of remnants of the perpetrators of the 1994 genocide against the Tutsi in Rwanda.

The Washington Accords deals with settling misunderstandings between Rwanda and DRC, caused by the presence of the genocidal force-FDLR, incorporated in the DRC national army, with intentions of invading Rwanda to continue the genocide against the Tutsi. The issues regarding the war in eastern DRC between the DRC government and M23 rebels were being addressed through other mechanisms like the Doha talks between DRC and M23 rebels as well as regional efforts like Nairobi and Luanda.

As far back as 1965, the U.S. administration knew well the root causes of the problem in eastern DRC, while today it seems a forgotten story. The U.S. Consul then in Bukavu, André J. Navez, informed his government with detailed account on the killings of Kinyarwanda speaking Congolese (U.S. declassified cable dated October 29, 1965). “…North Kivu Provincial Government seeks to picture the Banyarwanda [Kinyarwanda-speaking Congolese] as refugees (which they are not) and not as Congolese citizens (which they are) …. No attempt has been made by the provincial government to correct or even recognize the grievances of the Banyarwanda [Kinyarwanda-speaking Congolese]. Instead, the North Kivu Government claims that there is a vast conspiracy organized by the ‘Rwandan emigres…” the U.S consul wrote.

The eastern DRC problem existed when Kagame was a toddler in Uganda refugee camp and the sanctioned RDF was not yet born. The U.S administration therefore, with good knowledge of the genesis of the eastern DRC crisis that sanctions are not the right means to end it.
DRC leadership continues to disown Kinyarwanda speaking Congolese by referring to them as foreigners and Rwandans. Currently, Tshisekedi is pushing for a Constitutional change, partly to expurge Kinyarwanda speaking Congolese out of the Constitution. The same historical injustice against Kinyarwanda speaking Congolese still prevails 60 years later, exposing how sanctions against Rwanda and M23 are irrational and complicate the process aimed at solving root causes of the eastern DRC crisis.

There is a one sided blame game narrative that has been created by DRC and amplified by western capitals, where M23 rebels are referred to as “Rwanda backed,” yet with all evidence that the DRC government has incorporated FDLR within its national army, there is no single reference to “DRC backed FDLR.” This creates the impression that without Rwanda, M23 rebels cannot fight for their rights. Although the M23 controlled territory is safe and peaceful, Washington blames the rebels for mass displacement of people. Even after the capture of Goma by M23 rebels and settling over 10,000 displaced persons, the process was called “unlawful” by western agencies.

Genocide is a crime against humanity yet the DRC government which has incorporated a genocidal force –FDLR within its national army, is not under sanctions. Mineral deals are being signed in Washington while Kinyarwanda speaking people are being killed and cannibalized in eastern DRC with the support of the government. When minerals come first before saving lives of people in danger, humanity loses its face and meaning. Asking Rwanda to lift its defensive on its borders with DRC when the later has backtracked on neutralizing FDLR as agreed in the Washington Accords is creating space for another episode of genocide against the Tutsi in Rwanda.

In January 2025, hundreds of Romanian mercenaries fighting alongside the Congolese army (FARD) were captured in Goma. The Mercenaries were protected by UN force (MONUSCO), knowing well that under international law the use of mercenaries is illegal and a crime against peace and security, under the African Union (OAU Convention for the Elimination of Mercenerism in Africa). The DRC government was not sanctioned.
In December 2024, the DRC government signed a five-year military contract with Erik Prince, a former US Navy SEAL and founder of Blackwater mercenaries to provide training, use of drones and coordinate DRC’s military operations in the Kivu region and Ituri. The DRC government has not been sanctioned because Eric Prince serves U.S. interests in the Great Lakes region.

The U.S. administration which mediated the Washington Accords cannot be expected to bring peace in eastern DRC, by selectively imposing sanctions disregarding existential threats against Rwanda, failure to address historical injustices that led to an armed conflict between DRC and M23 rebels, while cuddling Kinshasa which legitimized a genocidal armed group FDLR. The threat of FDLR in the region is not about numbers, it’s more about the genocide ideology.

The author is a Pan-Africanist and former Rwandan Diplomat in Kenya

Ghana holds memorial service for 8 victims of 2025 helicopter crash

Xinhua
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Ghana holds memorial service for 8 victims of 2025 helicopter crash

The government and people of Ghana held a national memorial service in the Ghanaian capital, Accra, on Thursday to honor eight officials who perished in a helicopter crash a year ago.

Ghanaian President John Dramani Mahama paid tribute to the victims for their dedication and sacrifice, stressing that their contributions to the country will be remembered.

“They set out to perform their duties; Ghana will continue to remember them,” said Mahama.

On Aug. 6, 2025, a Ghana Air Force helicopter, carrying eight people to an event about fighting illegal mining, crashed into a forested mountainside in the Ashanti Region, killing all eight on board.

Among the victims were then-Defense Minister Edward Omane Boamah, Environment Minister Ibrahim Murtala Muhammed, three other government officials, and three military officers.

Cudjoe Named to Ghana-UN Steering Committee

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Cudjoe Named to Ghana-UN Steering Committee

IMANI Africa founder Franklin Cudjoe has been appointed to Ghana’s Joint National-UN Steering Committee, which will oversee the country’s next development cooperation framework with the United Nations.

The committee, co-chaired by Finance Minister Cassiel Ato Forson and UN Resident Coordinator Zia Choudhury, brings together government ministries and agencies, UN entities, development partners, the private sector, civil society and minority groups. The UN describes it as the highest joint oversight platform guiding the UN Sustainable Development Cooperation Framework (UNSDCF), the strategic document through which the UN system aligns its support with Ghana’s national development priorities.

The committee was relaunched this week as Ghana and the UN begin work on the next Cooperation Framework, covering 2027 to 2030, which will involve national consultations, inter-agency coordination and results planning before implementation begins in 2027. Background assessments prepared for the process point to continued gains in macroeconomic stability alongside persistent structural challenges, including limited economic diversification, youth unemployment, governance gaps and climate vulnerability.

Cudjoe founded IMANI Centre for Policy and Education, which describes itself as among the five most influential think tanks in Sub-Saharan Africa and among the world’s top 100. He was named a Young Global Leader by the World Economic Forum in 2010 and has previously served on the Finance Ministry’s Foreign Exchange Development Committee.

The appointment comes as Cudjoe has been an increasingly prominent commentator on Ghanaian politics in recent months, including frequent praise for the Mahama government’s fiscal management and public criticism of opposition figures.

Adoboli Defends BoG’s US$1.7bn Gold Programme Losses

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Adoboli Defends BoG’s US$1.7bn Gold Programme Losses

Financial analyst Kweku Adoboli has defended the Bank of Ghana’s $1.7 billion gold programme losses, calling them a necessary cost of stabilising the cedi rather than mismanagement.

Speaking on the Asaase Breakfast Show on Thursday, Adoboli, a Ghanaian financial analyst and former investment banker, said the losses under the Domestic Gold Purchase Programme (DGPP) amounted to 17% of the value of doré gold sold by the central bank, a figure confirmed in the IMF’s 2026 Article IV Consultation report published this week. The Fund said the programme’s losses rose from about $400 million in 2024 to more than $1.7 billion in 2025, equivalent to about 1.5% of GDP.

Adoboli said the programme was introduced to curb gold smuggling, which the IMF estimates cost Ghana about 229 tonnes of artisanal gold, worth roughly $11.4 billion, between 2019 and 2024. He said most of the losses stemmed from the gap between the central bank’s official exchange rate and the higher forex bureau rates used to buy gold from small-scale miners. “About 83% of the total cost was the foreign exchange slippage,” he said, arguing the pricing was deliberately structured to draw miners away from smugglers and toward the Ghana Gold Board.

“I don’t think it’s a result of bad financial management,” Adoboli said, adding that policy should now focus on narrowing the gap between the official and market exchange rates to cut future costs.

On the central bank’s negative equity, which the IMF report puts at 6.7% of GDP by the end of 2025, Adoboli said the position reflects the Bank of Ghana’s role as a shock absorber through the Domestic Debt Exchange Programme and the gold purchase initiative. He said negative equity does not stop the central bank from functioning but leaves it more exposed to external shocks, reinforcing the case for recapitalisation.

Adoboli welcomed the transfer of the gold purchase programme from the central bank to GoldBod, saying it would move the costs onto the Finance Ministry’s balance sheet and force disclosure through the annual budget process. “It doesn’t change the risks; it just increases the transparency,” he said.

Lawyers Object to Vacation Trials for Adu-Boahen, Wahab

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Lawyers Object to Vacation Trials for Adu-Boahen, Wahab

Lawyers for Kwabena Adu-Boahene and Hanan Abdul-Wahab have separately petitioned the Chief Justice, objecting to holding their criminal trials during the court’s legal vacation.

In separate letters dated August 5, the legal teams said proceeding with the trials during the recess departs from established practice under which High Court cases are ordinarily heard during the regular legal term, except in limited circumstances. Both teams have told the Chief Justice they will not attend hearings scheduled during the vacation.

Adu-Boahene, former Director-General of the National Signals Bureau, is standing trial alongside two others in a case in which prosecutors allege he stole GH¢49.1 million from a government bank account. His lawyer, Samuel Atta Akyea, wrote to the Chief Justice objecting to a directive instructing the trial judge to proceed with the part-heard case during the recess, with hearings scheduled for August 11 to 13. Atta Akyea said the direction would require defence lawyers “to work beyond the legal year and during the legal vacation, while other lawyers rest.”

Abdul-Wahab, former chief executive of the National Food Buffer Stock Company, is being prosecuted separately over alleged irregularities linked to the School Feeding Programme. His lawyer, former Attorney-General Godfred Yeboah Dame, said the trial judge had informed the parties that authorisation had been granted for the case to be heard during the vacation and advised that objections be directed to the Chief Justice. Dame argued that since the trial had not begun before the vacation started, it should not be listed for hearing during the recess.

Both defence teams argue that no exceptional circumstances exist to justify departing from the normal court calendar. The objections add a procedural dispute to two of the country’s highest-profile corruption cases, with the outcome depending on whether the Chief Justice or the trial courts respond to the concerns before proceedings resume.

Serwah Urges State of Emergency Over Galamsey

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Serwah Urges State of Emergency Over Galamsey

Eco-Conscious Citizens Executive Director Awula Serwah has urged President Mahama to consider a state of emergency on illegal mining, marking one year since the Brofoyedru helicopter crash.

Speaking on the Asaase Breakfast Show on Thursday, Serwah said the country should honour not only the eight officials who died in the crash but also the wider toll of illegal mining, citing children who have died falling into abandoned pits, journalists assaulted while covering the industry, and police officers killed during enforcement operations. “Water is life. We are being poisoned. Our water bodies are being polluted and our forest reserves have been decimated,” she said.

Serwah pointed to President Mahama’s own admission in March that people affiliated with the governing National Democratic Congress are involved in illegal mining, and asked what action had followed. The Attorney-General ordered an investigation into NDC-linked officials over the issue last year; the Amansie Central District Chief Executive was among those implicated, though no action against him has been made public.

She welcomed the government’s recent revocation of Executive Instrument 144, which had declassified about 361 acres of the Achimota Forest Reserve for return to its customary owners, calling it a step in the right direction but insisting enforcement, not policy announcements, would determine whether the campaign succeeds. “Out of the arrests, how many have been prosecuted and convicted?” she asked.

Government figures show the National Anti-Illegal Mining Operations Secretariat carried out 200 operations across 53 districts between January and June 2026, arresting 207 suspects and seizing dozens of excavators, though officials have not published corresponding data on how many of those arrests led to prosecutions or convictions, the specific gap Serwah’s question points to.

Serwah called for the prosecution of all those involved in illegal mining, including politicians, financiers and traditional leaders who enable the practice, citing the community of Jemaa as an example of chiefs and residents successfully blocking illegal mining through local vigilance. “That is the best way to honour every person who has died fighting illegal mining,” she said.

NPP Stages ‘Democracy Under Attack’ March Thursday

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NPP Stages ‘Democracy Under Attack’ March Thursday

The opposition NPP is staging a nationwide “Democracy Under Attack” demonstration in Accra on Thursday, accusing the government of political persecution and selective justice.

Organisers say the march will begin at the Community Centre opposite the Supreme Court, proceed along the Mövenpick Ambassador Hotel Road, past the Efua Sutherland/Ridge Roundabout and the Ako Adjei Interchange, and end at Jubilee House. Three separate petitions are planned: one to the Chief Justice at the Supreme Court, one to President John Dramani Mahama at Jubilee House, and a third delivered separately to the Speaker of Parliament. NPP National Organiser Henry Nana Boakye said police have been notified and have agreed security arrangements for the route.

Among the issues the party cites is the Court of Appeal’s July 30 decision to acquit and discharge former Microfinance and Small Loans Centre (MASLOC) chief executive Sedina Tamakloe-Attionu, overturning a 10-year sentence imposed in April 2024 on 78 counts including stealing and causing financial loss to the state. The appellate court ruled the prosecution had not proven its case beyond reasonable doubt and found the trial judge had lost sight of the presumption of innocence. Attorney-General Dominic Akuritinga Ayine has since directed the Director of Public Prosecutions to appeal that acquittal, a step that runs counter to suggestions the case reflects leniency toward a politically connected figure.

The NPP has also cited what it describes as the arbitrary arrest, detention and harassment of some of its members by state investigative and security agencies, which it alleges is politically motivated. The government has not publicly responded to these specific allegations.

The protest has drawn criticism from Franklin Cudjoe, president of the policy think tank IMANI Africa, who argued on social media that the NPP could not credibly claim to defend democracy without accounting for its own record in government. Cudjoe, who has repeatedly praised the Mahama administration’s economic management in recent months and was appointed in August to a government-linked United Nations steering committee, said “no serious CSOs will be fooled” by the demonstration.

The demonstration, which has also drawn expressions of solidarity from the People’s National Party, is expected to draw thousands of NPP supporters, executives and sympathisers, with the party describing it as a constitutional appeal rather than an act of confrontation.

A Rocha: Galamsey Fight Failed Crash Victims

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A Rocha: Galamsey Fight Failed Crash Victims

A Rocha Ghana’s Daryl Bosu says Ghana has failed to honour the eight officials killed in last year’s helicopter crash, arguing illegal mining remains largely unchecked.

Speaking on the Asaase Breakfast Show on Thursday, the anniversary of the crash, Bosu, Deputy Country Director of the conservation group A Rocha Ghana, recalled that he was at the Obuasi venue where the Responsible Cooperative Mining and Skills Development Programme was due to launch when news broke that the Ghana Air Force helicopter carrying the officials had gone down. Eight people died in the crash, including then-Defence Minister Edward Omane Boamah and then-Environment Minister Ibrahim Murtala Muhammed, who were travelling to the launch.

“A year on, we see that the menace of galamsey is very much rife across the country,” Bosu said, arguing that the commitments made in the tragedy’s aftermath have not materialised.

Drawing on recent visits to mining communities in the Ashanti and Eastern regions, Bosu said illegal miners continue to operate openly in rivers and forest reserves. “It’s just devastating,” he said, describing the impunity with which excavators operate in broad daylight, often near police checkpoints.

He acknowledged reports of arrests and equipment seizures but argued they have not translated into measurable improvements on the ground, calling the government’s approach largely performative. “We are claiming, just by optics, pretending we are fighting this,” he said.

Bosu also called for greater scrutiny of traditional leaders, arguing that chiefs in communities where illegal mining thrives often enable the practice and should face investigation and prosecution. He said the country needs to “actively start prosecuting those traditional authorities who are aiding and abetting galamsey.”

The government has pointed to a range of measures over the past year, including the deployment of more than 1,600 “Blue Water Guards,” coordinated operations across 21 mining hotspots under the National Anti-Illegal Mining Operations Secretariat (NAIMOS), and the reclamation of about 800 acres of galamsey-affected land. President John Mahama has acknowledged mistakes, including the early withdrawal of security forces from cleared forest reserves, and has pledged a larger budget for permanent troop deployment to mining hotspots.

Bosu’s remarks came as the opposition New Patriotic Party also called on the government to account for progress on the anti-galamsey campaign and to update the public on the investigation into the helicopter crash, ahead of Wednesday’s anniversary. Bosu said public confidence would ultimately depend on measurable outcomes rather than official statements, describing the state of the country’s rivers as still “very polluted.”

RTI Commission Fines 254 Institutions Over Reports

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RTI Commission Fines 254 Institutions Over Reports

Ghana’s Right to Information Commission has fined 254 public institutions, including the Armed Forces and the Office of the Special Prosecutor, GH¢20,000 each for missing a statutory reporting deadline.

The Commission said the institutions, spanning Ministries, Departments and Agencies (MDAs) and Metropolitan, Municipal and District Assemblies (MMDAs), failed to submit their 2025 RTI Annual Reports despite reminders published in the Ghanaian Times on January 20 and the Daily Graphic on April 24. The sanctions were imposed under Section 77(1) of the Right to Information Act, 2019 (Act 989), which requires public institutions to file annual reports within 60 days of each year’s end detailing how many information requests they received, approved, rejected and why.

Among the defaulters are several security and intelligence bodies, including the Ghana Armed Forces, Ghana Navy, Ghana Air Force, Bureau of National Intelligence, Ghana Police Service and the Office of the Special Prosecutor. Also listed are five teaching hospitals, Korle-Bu, Komfo Anokye, Tamale, Cape Coast and Ho, along with major public universities including the University of Ghana, the Kwame Nkrumah University of Science and Technology, and the University of Cape Coast. Regulatory bodies such as the National Petroleum Authority, the Minerals Commission, the National Communications Authority and Ghana Grid Company were also fined.

The Commission said the reports it collects from institutions feed directly into its own consolidated Annual Report to Parliament, and that the statutory deadline for submitting that report had already passed by the time the penalties were issued. “Compliance with the reporting requirements under Act 989 is a statutory obligation and not a matter of discretion,” the Commission said in its statement.

Defaulting institutions have 14 days from receiving formal notice to pay the GH¢20,000 penalty, or face further enforcement action under the Act.

The penalties add to a series of RTI enforcement actions this year. In February, the Commission fined the Ghana Education Service, the National Pensions Regulatory Authority, the Economic and Organised Crime Office and a private school a combined GH¢220,000 over separate complaints, with individual penalties ranging from GH¢10,000 to GH¢100,000. In March, the National Service Authority was ordered to pay more than GH¢159,000 after refusing to release information requested by a media organisation, following what the Commission described as a pattern of stalling.

GACL Launches Hotline to Curb Airport Extortion

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GACL Launches Hotline to Curb Airport Extortion

Ghana Airports Company Limited has introduced a reporting hotline and mystery shoppers to crack down on extortion by airport personnel, following a stakeholder meeting on August 5.

Under the plan, GACL said individuals found engaging in extortion, commonly described at the airports as “begging,” will be identified through a mystery shopping initiative and publicly named through media channels. Staff found culpable face disciplinary sanctions and may be barred from working in airport environments.

Passengers can report incidents through a dedicated hotline, 0542175636, reachable by call, WhatsApp or SMS, and are asked to provide the date, time, officer’s name, agency involved and location of the incident. GACL said the reporting mechanism covers personnel across a wide range of agencies operating at the airports, including the Ghana Immigration Service, the Customs Division of the Ghana Revenue Authority, the Ghana Civil Aviation Authority, the Ghana Police Service, National Security, the Narcotics Control Commission, car park attendants, concessionaires and private security companies. GACL urged passengers to demand official identification from anyone requesting payment before engaging with them, and said the initiative supports its ambition of positioning Ghana as “the Preferred Aviation Hub and Leader in Airport Business in West Africa.”

The crackdown follows separate findings by fact-checking organisation DUBAWA that raise broader questions about accountability at GACL-operated airports. An investigation published in June found that several luggage-wrapping companies operating at Kotoka International Airport and Kumasi’s Prempeh I International Airport had issued receipts missing tax identification numbers and tax components, in apparent breach of Ghana Revenue Authority regulations, while GACL itself said it had no comprehensive data on how much luggage had been wrapped or checked in at its airports. The Ghana Revenue Authority told DUBAWA that only one of seven wrapping companies operating at Terminal 3 was up to date with its tax obligations, with several not registered with the authority at all.

That investigation concerned tax compliance among airport concessionaires rather than extortion of individual passengers, but both cases point to a similar underlying gap in how GACL tracks and holds accountable the range of companies and personnel operating at its airports. Whether the new hotline and mystery shopping programme extend that scrutiny to concessionaires as well as uniformed personnel remains unclear.

Ghanaian Students Reject AI Bans, Study Finds

Roger A. Agana
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Ghanaian Students Reject AI Bans, Study Finds

Most Ghanaian university students oppose banning generative AI tools like ChatGPT and want formal regulation instead, according to a new study of student attitudes across the country.

The study, led by researchers at Akenten Appiah-Menka University of Skills Training and Entrepreneurial Development (AAMUSTED) in Kumasi and published in the International Journal of Applied Research in Business and Management, found that generative AI has become widely normalised in Ghanaian students’ academic work, with most respondents reporting they had already used it. Students largely described AI as a complementary tool that improves efficiency, feedback and access to learning, while still valuing human instructors as central to meaningful education.

Researchers Francis Iddris, Sulemana Abdul-Rahaman Mohammed and Juliet Acheampong found female students reported more favourable views of AI’s academic usefulness than male students, though concerns about over-reliance, fairness and the risk of AI replacing educators were shared across genders. The authors said the findings extend AI-in-education research, most of which has focused on Western universities, to a Ghanaian and wider African context.

Separate research reflects a similar pattern elsewhere in Ghanaian higher education. A study of doctoral students and academic instructors at the University of Ghana found that generative AI tools were helping improve literature reviews, data analysis and teaching preparation, though instructors and students interviewed also raised ethical concerns about proper use. A larger survey of more than 2,000 undergraduates at West End University College found similar familiarity with AI tools, alongside practical barriers including limited internet connectivity, outdated technology and financial constraints that shape which students can use the tools consistently.

The findings add empirical weight to a debate playing out on campuses worldwide over whether institutions should restrict AI tools or teach students to use them critically. Ghana’s own research suggests most students have already made that choice themselves, using AI regardless of official policy, leaving universities to decide whether to regulate that use or continue treating it as prohibited.

S&P Validates ShafDB’s Green Bond Framework

Roger A. Agana
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S&P Validates ShafDB’s Green Bond Framework

S&P Global Ratings has confirmed that Shelter Afrique Development Bank’s sustainable finance framework meets international green and social bond standards, ahead of planned bond issuances in West and East Africa.

The rating agency’s Second-Party Opinion found the framework aligned with the International Capital Market Association’s Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines, as well as the Loan Market Association’s Green and Social Loan Principles. The framework was developed with technical support from the Global Green Growth Institute (GGGI) through its Global Trust Fund for Sustainable Finance, working with Luxembourg’s government.

The validation precedes ShafDB’s planned FCFA 60 billion sustainable bond programme in the West African Economic and Monetary Union (WAEMU) region and a proposed US$500 million East Africa multi-currency bond programme. Proceeds are earmarked for affordable and socially inclusive housing, green residential buildings, energy- and water-efficient housing, and climate-resilient housing infrastructure.

Managing Director Thierno-Habib Hann said the opinion “reflects and further confirms our alignment with international best practices,” and credited GGGI and other partners for their support.

ShafDB, a pan-African multilateral development bank headquartered in Nairobi and owned by 44 African governments alongside the African Development Bank and Africa Reinsurance Corporation, has been rebuilding its balance sheet and credit standing since a governance and financial restructuring that began in 2023. The bank reported a comprehensive profit of $2.14 million for 2025, up 20% from the previous year, on total assets of about $235 million, and saw loan disbursements rise 162% to $63 million. Credit rating agency GCR Ratings upgraded ShafDB in July, to AAA on its Kenya and Nigeria national scales and B+ with a positive outlook on its international scale.

The sustainable bond framework follows ShafDB’s rebrand from Shelter Afrique to Shelter Afrique Development Bank at its June annual meeting in Rabat, part of a broader push to formalise its status as a multilateral development bank and diversify its funding beyond traditional shareholder capital into international capital markets.

AI Stocks Swing Sharply as Bubble Fears Grow

Roger A. Agana
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AI Stocks Swing Sharply as Bubble Fears Grow

Sharp swings in AI-related stocks this week, including a 14% SpaceX plunge despite strong earnings, are testing investor confidence as bubble concerns climb to a new high.

SpaceX shares fell as much as 14% this week after posting strong second-quarter earnings, coinciding with the release of roughly $101 billion worth of shares becoming eligible for trading following the company’s June IPO lockup expiration. The stock has now lost more than $1 trillion in market value since its record-setting June debut, trading well below its IPO price.

The swing followed a similar pattern at SK Hynix, which posted record quarterly revenue, up 257% year-on-year with a 76% operating margin, and still saw its shares fall roughly 9% on the earnings call. Nvidia shares dropped 5% in late July after reports it was in talks to guarantee up to $250 billion in financing for a data-centre lease tied to OpenAI, alongside a separate $350 billion financing discussion, briefly pushing its market capitalisation below Apple’s for the first time in over a year.

Concern about an AI bubble has climbed sharply among institutional investors. Bank of America’s July Global Fund Manager Survey found 45% of respondents now cite an AI bubble as the market’s biggest tail risk, up from 28% the previous month, overtaking inflation as the top concern.

Nigel Green, chief executive of the financial advisory firm deVere Group, said the pattern shows markets no longer giving AI-linked companies “the benefit of the doubt just because they are spending heavily.” He argued that strong earnings failing to prevent SpaceX’s 14% drop signals investors have already concluded that headline growth alone is no longer enough to support valuations.

Green pointed to a widening gap between companies with orders tied to measurable component demand, citing Cisco’s raised 2026 revenue guidance of $62.8 billion to $63 billion on data-centre orders, and those whose growth increasingly rests on vendor financing arrangements between suppliers and their own customers. He said investors should weigh balance-sheet exposure to financing guarantees and debt, not just growth rates, pointing to the combined $725 billion in 2026 capital expenditure now planned by Alphabet, Amazon, Meta and Microsoft, up 77% from about $410 billion in 2025.

Green said investors should expect volatility around individual companies’ earnings dates rather than a steady market trend, noting that AI-linked stocks have moved 5% to 10% or more in single sessions this year on financing-related news alone. His comments reflect one advisory firm’s reading of a market that remains divided: the same BofA survey also found a similar share of fund managers still do not consider AI stocks to be in bubble territory.

Sudanese Masses Remain Overshadowed as the RSF Militias Lose Ground to the Armed Forces

Abayomi Azikiwe
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Sudanese Masses Remain Overshadowed as the RSF Militias Lose Ground to the Armed Forces

The Rapid Support Forces have suffered defeats in North Kordofan while imperialist surrogates fuel the war to benefit Washington

Geopolitical Review

Numerous reports emanating from the Republic of Sudan indicate that the Rapid Support Forces (RSF), the militia grouping which is said to be backed by the United Arab Emirates (UAE), has been forced out of areas in North Kordofan state.

In recent weeks the Sudanese Armed Forces (SAF) headed by General Abdel-Fattah El-Burhan has appealed to the RSF fighters to lay down their arms and surrender.

During late July, General El-Burhan, who also heads the Sovereign Council, visited recaptured areas in North Kordofan. These developments could represent a critical turning point in the war between the SAF and RSF which erupted in April 2023.

The Sudan Dabanga radio network reported on the visit of El-Burhan to several towns in North Kordofan. General El-Burhan made an appearance in North Kordofan to emphasize to his soldiers that they are winning the war against the RSF.

Over the last year as the humanitarian situation in Sudan worsened, the SAF has taken territory previously controlled by the RSF militias. RSF groups had occupied the capital of Khartoum prior to having to flee in the face of the SAF onslaught.

According to Radio Dabanga:
“Travelling by military helicopter, El Burhan inspected frontline troops alongside Darfur Governor Minni Arko Minnawi, North Kordofan Governor Abdelkhaliq Abdelatif, and Sudan Shield Forces commander Abu Agla Keikil, according to the Sovereignty Council. The visit comes as fierce fighting continues across North Kordofan, where both sides are battling for control of the strategic Omdurman–El Obeid Export Road. Military analyst Brig Gen Walid Ezzeldin told Radio Dabanga that the recent advances are significant because they strengthen the SAF’s control of the Export Road, one of Sudan’s most important military and logistical corridors. He said the road is vital for moving troops, ammunition, fuel and supplies towards Kordofan and Darfur, while Bara’s location on the Omdurman–El Obeid route makes it a strategic objective for both the SAF and the RSF.” (https://www.dabangasudan.org/en/all-news/article/el-burhan-visits-newly-captured-north-kordofan-towns)

The RSF has been supported by the UAE, one of the closest allies of the United States and other allied countries in Europe. Although the UAE representatives at the United Nations General Assembly have denied supporting the RSF, other sources reveal that this is indeed the reality of the situation in Sudan.

Sudan is Wealthy in Resources, Yet the People are Impoverished

This large African state of more than 53 million people has tremendous potential based upon its strategic location which encompasses the Horn of Africa as well as bordering Northern and Central regions of the continent. At the same time, the country has oil and other important natural resources which are important to the world economic system.

Sudan is a leading producer of gold with mines in the Red Sea Hills, the Nuba Mountains and in the Darfur region. Additional resources include crude oil said to be 1.25 billion barrels and natural gas estimated at nearly 3 trillion cubic feet near border regions.

Other resources in Sudan consist of various metals such as copper, iron ore, chrome, uranium and rare earth elements located in Darfur, Kordofan and the Red Sea region. Agricultural potential is vast with the presence of arable land around the Nile Rivers which supports the cultivation of cotton, sorghum, peanuts and wheat. There are specialty crops as well such as sesame seeds and gum Arabic.

Gold at present is the largest export from Sudan which is significant in light of the presence of oil and natural gas in abundance. The partition of Sudan in 2011 which created Africa’s most recent state, the Republic of South Sudan, weakened both countries. This important development has impeded oil production and export over the last 15 years. Internal problems within both North and South Sudan have hampered the capacity for the extraction and export of oil. Compounding the negative impact of the partitioning of what was once the continent’s largest geographic nation-state, is the war between the two largest and best equipped military factions, the SAF and RSF.

The dominance of gold is clearly related to the involvement of the UAE in the fratricidal war taking place over the last three years. The UAE along with the Kingdom of Saudi Arabia, which supports the SAF under the leadership of General El-Burhan, has been blamed by many within the international community for fueling the intra-military war.

An article published on August 4 on the role of gold mining and trading in Sudan says of the present situation:
“The UAE received more than $US100 million worth of gold bullion that was stolen by paramilitary forces from the Sudanese central bank and its state refinery, according to the Financial Times. Sudan’s civil war has fueled the flow of gold — both legal and illegal — between the two countries; an Emirati official said the trade had reached just over $1 billion in 2025. Nearly $30 billion of undeclared artisanal gold is exported from Africa to Dubai each year, according to the charity Swissaid. Sudan’s gold is fueling one of the world’s most brutal civil wars: militias, accused of ethnic cleansing and genocide against non-Arab communities, now use advanced drones, air defense systems and fleets of armored personnel carriers thanks to the UAE.” (https://www.semafor.com/article/08/04/2026/uae-procured-100m-in-stolen-gold-from-sudan-investigation-finds)

Consequently, there is much at stake over who will control the natural resources of the Republic of Sudan. Irrespective of the devastating situation of the workers, farmers and youth of Sudan, external elements which are aligned with Washington, Wall Street and NATO are profiting from the deaths and destruction.

Humanitarian Situation Further Deteriorates in Sudan

The mass democratic movement which erupted in Sudan during late 2018 and early 2019 has been overshadowed by the internecine war taking place between the military factions. Various organizations came to the fore seeking to transform the country from being dominated by the military forces to a society and state controlled by the masses of the people.

Yet both wings of the military, whether it was the SAF or the RSF, proved to be opposed to the creation of a revolutionary democratic state inside the country. The military in Sudan has played a dominant role within the political apparatus as well as the national economy.

The military factions backed by imperialist-allied powers in West Asia are facilitating the worsening crisis as exemplified in the large-scale deaths, injuries and displacement inside Sudan as well as in neighboring states such as South Sudan, Chad and Egypt. Millions are desperately in need of food, medicines, clean water and shelter from hostile military elements.

A report on the ongoing fighting published by the US Senate ahead of a briefing to the Foreign Relations Committee on the situation, focuses on the continuing hunger, deprivation and insecurity:
“Recent military developments have intensified the conflict’s humanitarian toll. The Sudanese Armed Forces and allied forces recaptured key cities in North Kordofan on July 25, including Bara, Al-Baraka and Um Sayala. Hours after the Sudanese Armed Forces regained control of the highway connecting El Obeid to Khartoum on July 27, drone strikes attributed to the Rapid Support Forces hit El Obeid. Two days later, retreating Rapid Support Forces troops launched retaliatory attacks on civilians in multiple North Kordofan communities, including Um Badr, Sodari, Abu Zaima and Hamrat al-Sheikh. The humanitarian situation has continued to deteriorate. On July 3, the U.N. High Commissioner for Human Rights warned the conflict ‘threatens to spiral further,’ citing ‘relentless’ drone attacks on El Obeid by paramilitary forces. Civilians have endured ‘siege-like conditions for 18 months.’ A Sudan researcher described the country as a ‘convergence of humanitarian collapse,’ with armed conflict, mass displacement, famine, epidemic disease and economic collapse reinforcing one another. Al Jazeera reported that renewed fighting and disruptions in the Strait of Hormuz have slowed fertilizer shipments, worsening food insecurity in Sudan.” (https://legis1.com/news/sudan-humanitarian-crisis-senate-panel-will)

Although the Senate has issued this report it cannot distract from the ongoing role of the Congress in funding the war against Iran. The US war on Iran is designed to maintain imperialist hegemony through the continuing existence of the occupation of Palestine by settler-colonialism. The unprovoked war launched by Israel and the US is contributing immensely to the humanitarian crisis in Sudan and other states and geopolitical regions in the world.

The withdrawal of US support for the Persian Gulf Arab monarchies would go a long way in democratizing West Asia and the Horn of Africa. These non-democratic outposts for imperialism serve as military and economic bases for Washington, Wall Street and their allies within Europe.

However, the response by the Islamic Republic of Iran and its partners such as the resistance forces in Yemen and other regional states has resulted in upending the geostrategic status quo. Therefore, antiwar and social justice movements in the imperialist states must demand the immediate halt to the war funding against Iran along with the Israeli regime in order to express maximum solidarity with the progressive and national liberation forces in West Asia and the Horn of Africa.

Pentagon Depletes Long Range Missiles amid Continuing Strategic Defeats against Iran

Abayomi Azikiwe
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Pentagon Depletes Long Range Missiles amid Continuing Strategic Defeats against Iran

While the war of resistance to imperialism further regionalizes the struggle against western hegemony intensifies

Geostrategic Analysis

Once again, the administration of United States President Donald Trump has declared a “pause” in their bombing campaign against the Islamic Republic of Iran.

Since February 28 when Washington and Tel Aviv launched an unprovoked war against Tehran and its 92 million people, this act of blatant aggression represented a monumental miscalculation related to the support for the Iranian Revolution and the capacity of the people to repel repeated attempts aimed at political destabilization and the overthrow of the government.

The prolonged war against Iran is now creating a crisis of immense importance in that the very weapons being used to kill civilians and destroy infrastructure are rapidly being depleted. It has become widely assumed that the pause in aggressive actions against Iran is due to the declining capacity of the Pentagon to carry out large-scale strikes aimed at defeating Tehran.

Despite boasting about having the most equipped and efficient military force in the world, the Iranian government has launched repeated attacks on the US and Israel costing billions in damages. The privileged position of the imperialist and zionist allies in the Persian Gulf has been shattered as Pentagon bases, personnel and equipment have been destroyed by the Iranian military on a massive scale.

Since early March the Strait of Hormuz has been effectively under the control of Iran while the economic impact of the war is being felt throughout the world. The prices for oil and many derivative products have skyrocketed. Other commodities which are essential for the global markets have been negatively affected by the failure of the Trump administration to admit defeat and abide by the Memorandum of Understanding (MoU) signed by both belligerent parties in the war and mediated by Pakistan and Oman.

Among its allies in the United Kingdom and Western Europe, the administration has been exposed for its inability to act in a geostrategic manner which does not weaken its influence on an international level. Beyond allowing US warplanes to utilize their airspace and North Atlantic Treaty Organization (NATO) aligned military bases, the states in the longtime imperialist alliance have not entered the battle against Iran and its allies in West Asia. The Chancellor of Germany even publicly mocked Trump for what he considered an ill-advised attack on Iran.

After repeated claims that the entire Iranian revolutionary leadership had been eliminated and that the ability of the Islamic Revolution Guard Corps (IRGC) to respond militarily was rendered void, not only has the government in Tehran remained in complete charge of the country they are setting the terms for any international discussions related to ending the war. In regard to the statements by Trump about negotiations between Tehran and Washington, the Iranian Foreign Ministry has denied these assertions by the US government. The Foreign Ministry of Iran has said that they are holding talks with the Kingdom of Oman over the future routes through the Strait of Hormuz.

Pentagon Running Out of Offensive Armaments

During early August additional reports surfaced strongly suggesting that the US has severely depleted its offensive weapons such as long-range missiles. This is being said in the aftermath of massive damage inflicted by the IRGC on US bases in the United Arab Emirates, the Kingdom of Saudi Arabia, Kuwait, the Kingdom of Jordan along with the State of Israel.

According to a report published by Press TV on August 4:
“The US Army has reportedly exhausted much of its stockpile of precision long-range missiles during its five-month war on Iran, weakening Washington’s ability to sustain warmongering policies. The depleted weapons include the Army Tactical Missile System (ATACMS) and the newer Precision Strike Missile (PrSM), two key surface-to-surface systems in the US arsenal. Citing two sources, Reuters reported on Tuesday that the military had used ‘virtually all’ of the missiles available to it at the outset of the war, although they declined to disclose how many remain in US inventories. The extent of the depletion has not previously been reported.” (https://www.presstv.co.uk/Detail/2026/08/04/773732/Iran-US-Trump-Israel-TACMS)

Such a revelation is not surprising. The administration, like in other domestic and foreign policy adventures, does not consider the consequences of its actions. Believing that the Iranian government and people would rapidly succumb to the attacks by the Pentagon and the zionist occupation forces, the US with its lack of foresight and tactical maneuvers has quickly wound up in a military quagmire.

This dilemma for the ruling class in the US and internationally highlights the declining influence of Washington and its cohorts within the other NATO states. Under the Trump administration they have insisted that their partners in the UK and the EU raise the level of military spending to five percent of national budgets.

Such a shift in domestic policy will undoubtedly further the impoverishment of the working class and oppressed people of Europe. These same policies in the US have not raised the standard of living for the masses. The actual situation is quite to the contrary as evidenced by the rise in the prices of commodities including energy, housing, food and education.

The same above-mentioned article went on to point out regarding the strategic blunders of US imperialism that:
“The strain on US arsenals comes as the administration of President Donald Trump seeks to expand weapons production. The Center for Strategic and International Studies (CSIS) has warned, however, that efforts to rapidly replenish ‘exquisite-class’ weapons will take years to bear fruit. The Trump administration has reached agreements with arms manufacturers aimed at quadrupling production of such advanced weapons, while Pentagon Comptroller Jules Hurst has announced plans for expanded multi-year procurement contracts as part of Trump’s $1.5 trillion military budget request. Yet even under optimistic projections, analysts say rebuilding depleted stocks could take several years. Delivery timelines for newly contracted missiles are expected to stretch between three and five years, despite efforts to expand production capacity.”

As the administration becomes even more desperate to project itself as the victor in the war against Iran, the more outlandish the proclamations of Trump and Secretary of War Pete Hegseth become. Having assassinated leading Iranian officials including the Supreme Leader of the Revolution, Ayatollah Sayyed Ali Khamenei, the level of anger and desire for retribution has permeated the country and the entire West Asia region.

People around the world are viewing the US ruling class as being incompetent and delusional. Any European and Latin American government which follows the US line regarding domestic and foreign policies can only suffer the same fate.

The genocidal onslaught against the people of Palestine and Lebanon has strengthened the solidarity movements with the people. There are ongoing demonstrations and other manifestations in the US, Europe and other geopolitical regions opposing the genocidal and imperialist project of zionism.

Pentagon Budget Worsens the Status of Working and Oppressed Peoples

In April the Trump administration sent a National Defense Authorization Act (NDAA) bill to the Congress for $1.5 trillion. This represents the largest defense bill in US history.

Of course, the White House believes that it can spend its way out of the current geostrategic crisis in West Asia. However, the House of Representatives which is dominated by the MAGA Republican politicians only approved $1.1 trillion in the proposed spending.

Nonetheless, within the Senate, which also has a Republican majority, the body held up the bill based upon considerations related to the Iran war and other excessive expenditures. These unprecedented defense bills will only result in the worsening of living conditions among the majority of working families and oppressed people of color communities.

A report issued during 2026 by the National Urban League (NUL) indicated that the African American people in the US are in an economic recession. These depressed social conditions cannot be separated from the domestic policies of the Trump administration which views the gains of the Civil Rights and Black Power Movements of the late 20th century as being detrimental to the white population.

Many African Americans have found career employment within the federal, state and municipal governments. Consequently, the administration and its MAGA affiliates within the Congress are attacking these institutions for racist purposes while at the same time undermining the operational capacity of the public service.

There are similar efforts taking place within the education sector. From the K-12 levels up to the colleges and universities, the Trump White House and Congress are working incessantly to dictate what can be taught and researched. Under the guise of fighting “wokeism” and antisemitism, the administration has suspended research grants while placing political pressure on higher educational institutions to eliminate programs, degrees faculty members.

Consequently, the administration’s priorities are being clearly illustrated. The focus is on imperialist domination around the world in conjunction with the implementation of fascist policies domestically in the US.

Therefore, social justice organizations and movements cannot ignore the international questions of the contemporary period related to Palestine, Iran, Cuba, Venezuela, the Alliance of Sahel States in West Africa and other contested areas. The mass struggles in the US cannot make headway as long as the ruling class and the capitalist state utilize the resources of the people to replenish its arsenal in the failed attempts to maintain global hegemony.

D.A. Twum Jnr. Fellowship Officially Inducts Pioneer Cohort 

Isaac Kofi Dzokpo
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D.A. Twum Jnr. Fellowship Officially Inducts Pioneer Cohort 

 

The D.A. Twum Jnr. Fellowship has officially inducted its Pioneer Cohort, marking the formal commencement of a transformative journey for the next generation of Ghana’s marketing communications professionals.

The induction ceremony brought together fellows, faculty members, industry leaders, and distinguished guests to celebrate the beginning of a Fellowship built on mentorship, learning, industry exposure, and leadership development. More than a ceremonial welcome, the event set the tone for an immersive experience that will equip participants with the skills, knowledge, and perspectives needed to thrive in Ghana’s evolving creative industry.

Speaking at the ceremony, the Chairman of the Fellowship, Joel Nettey, encouraged the fellows to embrace every opportunity to learn, collaborate, and challenge themselves throughout the programme. He emphasized that the Fellowship represents more than professional development—it is a platform to cultivate purpose-driven leaders who will contribute meaningfully to the future of Ghana’s marketing communications industry.

Throughout the programme, the fellows will participate in masterclasses facilitated by accomplished industry practitioners, engage in agency immersions, receive mentorship from experienced professionals, and work on practical projects that bridge the gap between academic learning and industry practice.

The induction also introduced the fellows to an accomplished faculty comprising respected professionals from across the marketing communications ecosystem. Their collective expertise and commitment to mentorship underscore the Fellowship’s mission of providing meaningful access to industry knowledge and preparing participants for successful careers.

Established in honour of the late Daniel A. Twum Jnr., the Fellowship continues his enduring legacy of championing talent development and creating opportunities for young creatives. By connecting emerging talent with experienced professionals, the Fellowship seeks to strengthen Ghana’s creative ecosystem and inspire a new generation of innovative thinkers and industry leaders.

As the Pioneer Cohort embarks on this exciting journey, the Daniel A. Twum Jnr. Fellowship remains committed to nurturing excellence, encouraging collaboration, and empowering young creatives to transform ambition into impact.

The journey has begun, and with it comes the promise of growth, discovery, and a future shaped by creativity, purpose, and leadership.

 

Expert Says Ghana Hotel Costs Reflect Business Climate

News Ghana
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Expert Says Ghana Hotel Costs Reflect Business Climate

Tourism consultant Emmanuel Frimpong argues that Ghana’s hotel prices are not inherently excessive, but reflect high land, construction and utility costs rather than profiteering by operators.

Frimpong, a tourism consultant and former Executive Secretary of the Ghana Tourism Federation, said the perception that Ghana’s hotels are uniformly overpriced is shaped mainly by a small cluster of four- and five-star properties in Accra’s Airport, Cantonments, Ridge and central business districts, which serve corporate and diplomatic travellers and price accordingly. Outside Accra, he said, regions including the Central, Western, Volta, Bono, Ashanti, Northern and Upper regions offer a wide range of quality accommodation at competitive rates.

He attributed Ghana’s higher hotel development costs to expensive and often contested land acquisition, heavy reliance on imported building materials and hospitality equipment, exchange rate volatility, and high electricity, water and fuel costs, particularly for hotels that depend on backup generators. He also pointed to a wide range of taxes, levies and regulatory fees, along with relatively high commercial lending rates, as further drivers of room prices.

Frimpong said the deeper problem is not price but consistency of service. “Some establishments charge premium rates without consistently delivering premium service,” he said, arguing this is what fuels the perception that Ghanaian hotels are overpriced rather than the pricing itself.

He said like-for-like comparisons, budget with budget, two-star with two-star, three-star with three-star, show Ghana’s pricing is broadly competitive with cities such as Lagos, Abidjan and Dakar, even if it sits toward the higher end of the regional range. The gap, he argued, lies less in profit margins than in the underlying cost of running a hotel in Ghana.

Frimpong called for tax rationalisation, more efficient land administration, cheaper financing and lower utility costs to give operators room to lower prices, alongside continued investment in staff training and service quality so that pricing better matches the guest experience.

Nyarkotey College Sends Students to India Amid Ghana Dispute

News Ghana
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Nyarkotey College Sends Students to India Amid Ghana Dispute

Nyarkotey College of Holistic Medicine has sent Ghanaian students to train in Ayurveda and naturopathy at a hospital in Karnataka, India, even as its licensing status in Ghana remains contested.

The program was inaugurated at Arujiva Ayurveda and Naturopathy Hospital near Kalaburagi, attended by Kalaburagi Mayor Varsha R. Jane, hospital chairman Dr P.S. Shankar, chief executive Dr Kaustubh Dumal and Raphael Nyarkotey Obu, president of Ghana’s Nyarkotey College of Holistic Medicine, who attended as chief guest.

Nyarkotey Obu said the college selected the hospital for its facilities and its accreditation from India’s Quality and Accreditation Institute, and said he intends to bring lessons from the placement back to Ghana, including plans for a roughly 50-acre naturopathy hospital in Accra. He called on the Ghanaian government to support and standardise what he described as the country’s only naturopathic college.

That appeal comes against the backdrop of an unresolved dispute between Nyarkotey Obu and Ghana’s Traditional Medicine Practice Council (TMPC), the state body responsible for regulating traditional and alternative medicine. In a petition to National Security, the TMPC has accused Nyarkotey Obu of operating his college and an affiliated hospital without a current licence, alleging that his earlier registrations lapsed in 2018 and 2019 and were never renewed. Nyarkotey Obu has disputed the council’s authority over alternative medicine practitioners, citing a 2010 Attorney-General’s opinion that he says found the law governing the TMPC, the Traditional Medicine Practice Act (Act 575), does not extend to alternative medicine. The dispute remains before the courts.

The India trip is part of a broader push by Nyarkotey Obu to build training ties for naturopathy across Africa, including earlier work with practitioners in Togo. Dr Shankar said the hospital, run by the Manaveeya Kalyana Trust, has drawn patients and trainees from several countries.

Academic City Wins Global Brands Innovation Title

Roger A. Agana
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Academic City Wins Global Brands Innovation Title

Academic City University has been named “Leading Innovation-Driven University – Ghana” by Global Brands Magazine, a UK-based branding publication, ahead of an October awards ceremony in Dubai.

The title was awarded as part of the 13th Global Brand Awards, which the magazine says evaluated more than 18,000 companies across categories covering academic excellence, innovation in teaching, research, industry collaboration, student development and technological advancement. Global Brands Magazine runs branding and marketing awards across dozens of industries and countries each year; companies and institutions can submit themselves for consideration through an online nomination form. The award will be formally presented at a ceremony in Dubai on October 2.

Nelly Agyeman-Gyamfi, Academic City’s Director of Marketing and Communications, described the recognition as an endorsement of the university’s approach, saying it reflects the institution’s mission to produce graduates “equipped to solve real-world problems and lead transformation across industries.”

Academic City was founded in 2009 as a standalone college affiliated with India’s Sikkim Manipal University, before repositioning in 2017 around entrepreneurship and technology and relocating to a new campus in Haatso, Accra. It is accredited by Ghana’s Tertiary Education Commission and offers undergraduate and graduate programmes in engineering, business, informatics and communication arts, alongside newer additions in artificial intelligence, robotics, data science, cybersecurity, nuclear energy and unmanned aerial systems engineering.

The Global Brand Awards has previously recognised institutions across banking, logistics, hospitality and other sectors in dozens of countries, typically naming a “leading” or “best” title-holder within narrowly defined national and industry categories each year.

Treasury Bills Lead GH¢1.1 Billion GFIM Session

Roger A. Agana
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Treasury Bills Lead GH¢1.1 Billion GFIM Session

Treasury bills accounted for 61% of a GH¢1.1 billion trading session on Ghana’s Fixed Income Market on August 5, with DDEP bonds a distant second.

The Ghana Fixed Income Market (GFIM) recorded total turnover of GH¢1.10 billion across 2,619 trades. Treasury bills led by volume, with GH¢671.8 million changing hands across 2,576 transactions, the widest participation of any segment on the day.

Bonds issued under the Domestic Debt Exchange Programme (DDEP) followed with GH¢326.6 million across 23 trades, about 30% of total turnover. Sell and buy back trades in Government of Ghana (GoG) notes and bonds added GH¢101.8 million across 14 deals. New GoG notes and bonds saw light activity at GH¢1.1 million over three trades, while corporate bonds recorded GH¢2.2 million across three deals. No old GoG notes or bonds changed hands.

The most actively traded DDEP instrument, a bond maturing February 10, 2032 with a 9.10% coupon, changed hands at GH¢108.4 million across three deals, closing at 79.6005 cedis per 100 cedis face value to yield 14.60%. The deep discount reflects the lower coupon rates investors accepted when Ghana restructured its domestic debt in 2022-2023, with secondary market yields on much of the restructured paper still running well above the stated coupons.

The most active treasury bill, maturing March 1, 2027, traded GH¢187.5 million across 26 deals at a yield of 8.35%. Among new government paper, a bond maturing March 2033 with a 12.50% coupon traded close to par, closing at 100.5528 to yield 12.37%, pricing far tighter than the restructured DDEP bonds. The largest sell and buy back trade involved a 9.85% GoG bond maturing February 2037, with GH¢50 million changing hands at a yield of 14.75%. The lone corporate bond trade, a 13.00% note maturing August 2028, recorded GH¢1.7 million across two deals.

GSE Composite Index Drops on Weak Turnover

Roger A. Agana
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GSE Composite Index Drops on Weak Turnover

The Ghana Stock Exchange’s benchmark index fell 166.66 points, or about 1.1%, to 15,220.32 on August 5, as losers outnumbered gainers more than two to one.

The GSE Financial Stocks Index also declined, dropping 143.65 points to 8,051.93. Market capitalisation eased to about GH¢284.7 billion from GH¢290.3 billion a day earlier, according to the exchange’s daily trading summary. Trading value on the session came to GH¢8.4 million across 2.28 million shares, down sharply from Tuesday’s GH¢31.9 million on 4.82 million shares.

Market breadth was negative, with three stocks advancing, seven declining and 29 unchanged. Hords Limited led gainers, up 8.7% to GH¢0.50, while Intravenous Infusions Limited led decliners, down 9.86%. CalBank PLC was the most actively traded stock by volume.

Despite the day’s pullback, the GSE Composite Index remains up 73.54% since the start of the year, one of the strongest performances of any African exchange in 2026. The index has traded at repeated all-time highs this year, though it has also seen sharp pullbacks, including a sell-off in May that wiped out roughly GH¢12.5 billion in market value over a single week.

The index remains down for the week so far, having opened Monday at 15,362.52 before edging up Tuesday and falling back on Wednesday. Trading resumes August 6.

GOIL Group Revenue Dips as Profit Edges Up

Roger A. Agana
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GOIL Group Revenue Dips as Profit Edges Up

GOIL PLC’s group revenue slipped 1.2% to GH¢9.22 billion in the first half of 2026, even as net profit rose 3.3% to GH¢75.7 million, unaudited results show.

The figures, filed with the Ghana Stock Exchange and signed by Managing Director Edward Abanbire Bawa and Board Chairman Nana Philip Archer, show group revenue easing from GH¢9.33 billion in the same period last year. Cost of sales fell faster than revenue, lifting gross profit 14.2% to GH¢438.3 million.

The half-year figure masks a sharp reversal within the period. GOIL’s previously reported first-quarter results showed group revenue down about 17% year-on-year, to roughly GH¢4.14 billion. That implies second-quarter revenue rebounded strongly, to about GH¢5.08 billion, up by more than 16% from the same quarter last year, suggesting the earlier slowdown eased significantly as the half progressed.

Operating profit before financial charges fell 16.4% to GH¢145.8 million, weighed down by a swing in sundry income from a GH¢58.5 million gain a year earlier to an GH¢18.6 million loss. The bottom line was rescued mainly by a sharp drop in financial charges, which fell 44.6% to GH¢40.8 million, helping lift pre-tax profit 4.3% to GH¢105.0 million.

The improved profit picture came alongside a marked weakening in cash generation. Net cash inflow from operating activities fell to GH¢185.3 million from GH¢451.7 million a year earlier, a decline of about 59%, as cash generated from operations fell by more than half. GOIL still posted a small net increase in cash for the period, aided by lower spending on financing activities.

Total assets grew 7.3% to GH¢5.32 billion and shareholders’ equity rose 10.3% to GH¢1.07 billion. The company’s non-current term loan balance rose 63% to GH¢361.9 million, while accounts payable climbed to GH¢3.50 billion from GH¢3.24 billion.

The standalone parent company, which excludes the subsidiaries consolidated into the group accounts, performed considerably better on a relative basis. Company-only revenue rose 19.7% to GH¢6.30 billion and net profit climbed 63.7% to GH¢50.3 million, a faster pace of growth than the group figures show, pointing to weaker performance at the consolidated subsidiary level.

GOIL’s investment in African Bitumen Terminal Limited, a joint venture with Côte d’Ivoire’s Societe Multinationale De Bitumes formed in 2023 to build a bitumen plant, rose to GH¢21.3 million in the period from zero, part of a total equity and shareholder-loan commitment of about GH¢264.3 million. GOIL owns 60% of the venture but accounts for it under the equity method rather than full consolidation, since the arrangement is structured as a joint arrangement under IFRS rules.

The company said its unconsolidated subsidiaries, GOIL Upstream Limited and GO Financial Services Limited, had an immaterial effect on the group accounts. GO Financial Services has held a Bank of Ghana licence since incorporation but remains dormant.

61% of Ghanaians Have Considered Emigrating: Survey

Roger A. Agana
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61% of Ghanaians Have Considered Emigrating: Survey

Six in 10 Ghanaians have considered emigrating, well above the continental average of 45%, according to a new Afrobarometer survey of 38 African countries.

The figure comes from Afrobarometer’s 2026 African insights report, the third in its annual flagship series, based on 50,961 face-to-face interviews conducted across 38 countries in 2024/2025. In Ghana, the survey was carried out by the Ghana Center for Democratic Development (CDD-Ghana), the organisation’s national partner.

Sixty-one percent of Ghanaians said they had considered leaving the country, rising to 78% among those with post-secondary education and 72% among 18- to 35-year-olds. The most common reasons were finding work (55%) and escaping economic hardship (33%), with North America the top preferred destination (55%), followed by Europe (24%).

The same pattern held continentally, though less pronounced. Across all 38 countries, 45% of respondents said they had considered emigrating, including 25% who said they had thought about it “a lot,” up from 18% in a comparable 2016/2018 survey round. West Africans (34%) were more than twice as likely as East or North Africans (both 16%) to have seriously considered leaving.

Ghanaians were closely aligned with the continental average on cross-border movement: 56% said people should be free to move across West African borders to trade or work, while 42% wanted the government to limit cross-border movement to protect access to jobs, similar to the 56%-40% split recorded across all 38 countries. Just 23% of respondents continent-wide described crossing borders to work or trade as easy.

Views on immigration itself were more divided. Continent-wide, 77% of respondents said they would welcome or not mind having immigrants as neighbours, but opinion split almost evenly on whether immigration helps the economy, at 45% positive against 44% negative. Majorities preferred fewer or no job seekers (64%) or refugees (70%) admitted into their countries. Afrobarometer noted that, unlike in wealthier regions, it was Africa’s most educated, most skilled and wealthiest respondents who expressed the most resistance to immigrants.

Ghana itself hosts about 471,000 immigrants, mostly from neighbouring countries, and more than 13,000 refugees, according to the survey report. The country also loses an estimated 400 to 500 nurses a month to emigration, according to International Council of Nurses data cited in the report, a trend researchers say adds pressure to an already strained health workforce.

Etihad Partners With AWA Ahead of Accra Route

Roger A. Agana
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Etihad Partners With AWA Ahead of Accra Route

Etihad Airways and Africa World Airlines have signed a partnership covering codeshare, cargo and loyalty cooperation, ahead of Etihad’s planned nonstop Abu Dhabi-Accra service launching March 2027.

The Memorandum of Understanding, signed in Accra, took effect July 24 and will be implemented in stages. Once in place, it will let Etihad passengers travel on a single ticket beyond Accra onto AWA’s network across Ghana and West Africa, and give AWA customers access to Abu Dhabi and Etihad’s wider network of 118 destinations. Combined ticket sales will begin once the interline cooperation is active.

The partnership also covers cargo, connecting Ghanaian and West African exporters to Etihad Cargo’s global network, and frequent flyer reciprocity between the two carriers’ loyalty programmes. Etihad said the deal reflects growing trade, investment and travel links between Ghana and the UAE.

Arik De, Etihad’s Chief Commercial and Revenue Officer, described Ghana as “one of West Africa’s most dynamic aviation markets,” saying the framework would connect Ghanaian travellers and businesses to Abu Dhabi and Etihad’s global network. AWA Chief Operating Officer Sohail Mahmood said the deal would give the airline’s customers, who already fly to Kumasi, Tamale, Takoradi, Lagos, Abuja and Ouagadougou, a direct line into Etihad’s wider network.

AWA, Ghana’s largest carrier by domestic passenger numbers, is a joint venture between Ghanaian shareholders SAS Finance Group and the Social Security and National Insurance Trust (SSNIT), with minority stakes held by China’s Liaoning Fangda Group (formerly HNA Group) and the China-Africa Development Fund. It already holds partnership agreements with several international carriers, including Emirates, Ethiopian Airlines, South African Airways and Brussels Airlines.

The Etihad tie-up positions the Gulf carrier in a Ghanaian aviation market already served directly by Emirates and Qatar Airways, and comes as Ghana’s government runs a separate process to select a strategic partner for a new national airline, with initial operations targeted for the first quarter of 2027, roughly the same window as Etihad’s own Accra launch. Emirates, Qatar Airways and other global carriers have been named among parties that have expressed interest in that separate national airline process.

Details of the interline, codeshare, cargo and loyalty cooperation will be announced as each element is implemented, the airlines said.

Nigeria’s Big Three Brewers Post US$1bn H1 Sales

Roger A. Agana
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Nigeria’s Big Three Brewers Post US$1bn H1 Sales

Nigeria’s three largest brewers posted combined revenue of about N1.41 trillion ($1 billion) in the first half of 2026, as price increases offset weaker consumer purchasing power.

The figures, compiled by Nairametrics from half-year filings, cover Nigerian Breweries, International Breweries and Guinness Nigeria, which together account for about 90% of Nigeria’s formal brewing industry. Nigerian Breweries remained the clear market leader, with revenue rising 9% to N803.7 billion (about $589 million). International Breweries reported nearly flat revenue of N342.07 billion (about $251 million), while Guinness Nigeria’s revenue made up the remainder, at roughly N264 billion (about $194 million).

The picture beneath the revenue numbers was mixed. Nigerian Breweries’ half-year profit before tax rose 18% to N156.3 billion, and the company said it had cleared its accumulated losses and eliminated its borrowings. International Breweries’ pre-tax profit rose almost 22% on lower raw-material costs, but a sharply higher tax charge meant its after-tax profit actually fell 7.2%, leaving shareholders with none of the headline gain.

Guinness Nigeria’s results came under new ownership. Singapore-based Tolaram Group completed its purchase of Diageo’s 58.02% controlling stake in the company in 2024, taking over management while Diageo retained the Guinness brand under a licensing and royalty arrangement. The stake, bought for about $70 million, was worth roughly $355 million as of late July, reflecting both a rebound in the shares and a stronger naira.

All three brewers raised prices again in March, citing higher raw material and energy costs, helping lift revenue even as inflation continued to squeeze household budgets. Combined marketing spending across the three companies reached nearly $96 million in the half, while capital investment totalled about $76 million as the companies expanded capacity and distribution.

Beer remains the dominant category, but younger consumers are increasingly shifting toward spirits, ready-to-drink drinks, wine and non-alcoholic alternatives, prompting brewers to expand premium and flavoured product lines. A more stable naira and lower finance costs also helped margins recover after several years of foreign exchange volatility weighed on the sector’s earnings.

AI Stories Beat Human Fiction in Blind Study

Roger A. Agana
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AI Stories Beat Human Fiction in Blind Study

Readers rated short stories more highly when told a human wrote them, even when the stories were actually generated by ChatGPT, according to a Cambridge University Press study.

The study, led by Sydney Sears and Dr Deena Weisberg of Villanova University’s Department of Psychological and Brain Sciences and published in the journal Judgment and Decision Making, tested whether readers aged 18 to 81 could tell human-written fiction from AI-generated stories. Researchers paired three published short stories with three ChatGPT-generated versions of similar material.

In the first experiment, 1,682 participants each read one story and were told, correctly or incorrectly, that it had been written by a human or by AI, then rated its quality and how engaging they found it. Two further experiments, involving 424 and 481 participants, gave readers one human-written and one AI-generated story without identifying either, and asked them to guess the author.

Weisberg said the finding “reveals a bias towards narratives written by real people,” noting that people tend to assume creative writing requires uniquely human qualities such as emotional understanding and lived experience, which leads them to underestimate what AI can produce.

The researchers also found that participants who reported greater familiarity with AI tools were better at spotting AI-generated stories, while self-reported expertise in literature made no difference. In the second experiment, each one-point increase in a participant’s self-reported AI expertise was associated with a 14% increase in the odds of correctly identifying a story’s author. Weisberg said readers with more AI experience tended to recognise patterns typical of AI writing, including certain sentence structures and punctuation habits, suggesting greater AI literacy could help people navigate AI-generated content more broadly.

AI-generated stories received higher overall quality ratings than the human-written stories in the study. “AI writing tends to be clearer, more direct and easier to process,” Weisberg said, compared with human writing that she described as often more subtle and complex.

She said people may simply prefer predictable writing, since “difficult or subtle material requires more brain power” to process, and cautioned against pinning the result solely on AI or social media, saying “technologies amplify existing tendencies, rather than creating them.”

The findings arrive as publishers, educators and technology companies debate the growing role of generative AI in creative industries, where AI’s ability to produce human-like text has raised questions about authorship, originality and the future of creative work.

Nairobi Plans AI ETF, Flags Bubble Risk

Roger A. Agana
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Nairobi Plans AI ETF, Flags Bubble Risk

The Nairobi Securities Exchange plans to launch East Africa’s first AI-focused ETF by year-end, though its CEO says the launch could be delayed over bubble concerns.

NSE Chief Executive Frank Mwiti told Reuters the fund would track a basket of companies with direct exposure to artificial intelligence, citing Microsoft, OpenAI and Anthropic as possible references. Anthropic and OpenAI are both privately held and not listed on any public exchange, however, meaning the ETF cannot hold their shares directly; Mwiti’s language suggests the fund would track AI exposure thematically rather than hold those companies outright, though the exchange has not detailed the mechanism.

The fund would most likely be denominated in Kenyan shillings to limit foreign exchange risk for local investors, Mwiti said. Kenyans have increasingly turned to foreign markets because of a lack of local product diversity, he said, adding that the exchange is working with Kenya’s capital markets regulator to secure the approvals needed before launch.

Mwiti was unusually candid about the risk of launching into an overheated market, saying there was “a vibe in the market that there might be a bubble around AI.” He said the exchange would study the global rally closely and delay the launch if it believed investors would face excessive risk.

The plan comes as Kenya’s stock market has its strongest year in recent history. The benchmark index has gained more than 30% in 2026, lifting the value of listed equities to about $31 billion, with the NSE projecting market capitalisation could reach roughly $38.7 billion by year-end.

The NSE has listed only two ETFs in its history, the Barclays NewGold ETF in 2017 and the Satrix MSCI World Feeder ETF in 2025, making an AI-focused fund a significant test of the exchange’s product pipeline under its 2025-2029 strategy, which targets 50 new funds. South Africa’s Johannesburg Stock Exchange listed a comparable AI-focused fund, IVYA, in March 2026, meaning Nairobi’s product would be a regional first for East Africa rather than the continent’s first AI ETF.

The NSE is also weighing a cryptocurrency ETF tracking Bitcoin, Ethereum and Solana, which could launch next year once Kenya finalises legislation governing digital assets. Mwiti said demand for both products is being driven largely by younger, first-time investors looking beyond traditional sectors such as banking and manufacturing.

SpaceX Revenue Surges but Shares Slide on Capex

Roger A. Agana
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SpaceX Revenue Surges but Shares Slide on Capex

SpaceX’s revenue jumped 92% to $7.8 billion in its first earnings report since June’s record $85.7 billion IPO, but shares fell as heavy AI spending overshadowed the beat.

The result, released August 4, beat Wall Street’s consensus forecast of about $6.9 billion in revenue and a wider net loss, according to analysts polled by FactSet. SpaceX’s net loss narrowed to $541 million from roughly $1 billion a year earlier, while adjusted EBITDA nearly tripled to $3.5 billion.

Starlink remained the largest revenue driver, with sales rising 66% to about $4.3 billion as subscribers doubled to 12 million. Average revenue per Starlink subscriber fell 22% year-on-year, however, as the company expanded into new international markets with lower-priced plans.

AI computing emerged as the fastest-growing segment, with revenue climbing 247% to about $2.6 billion as SpaceX began renting spare graphics processing unit capacity to AI developers, including Anthropic, Google and Reflection AI, rather than reserving it solely for internal use. The strategy positions SpaceX as an emerging competitor to specialist AI cloud providers such as CoreWeave.

Capital expenditure surged to about $18.4 billion for the quarter, more than quadruple the $2.8 billion spent a year earlier, with roughly $15.8 billion of that directed specifically at AI infrastructure. Shares fell as much as 8% in after-hours trading as investors weighed the spending against the revenue beat; the stock has traded below its $135 IPO price since SpaceX’s June debut, the largest initial public offering in history at $85.7 billion raised.

A lockup expiration later this week is set to free more than $100 billion in SpaceX shares for trading, an overhang analysts say could add further pressure on the stock.

Chief Executive Elon Musk said SpaceX remains on track to reach an annualised revenue run rate of $100 billion by the end of the year, and the company plans to deploy at least 1,000 next-generation Starlink V3 satellites over the next 12 months to expand network capacity.

The results reflect how far SpaceX’s business has shifted beyond rocket launches. Its space division, historically the company’s core business, contributed under $1 billion in quarterly revenue, less than either Starlink or the AI compute unit, as connectivity and AI infrastructure now drive the bulk of sales.

SpaceX ended the quarter with about $100 billion in cash, a backlog of roughly $47.5 billion and $37 billion in debt and lease obligations, giving it financial room to keep funding its AI and satellite buildout even as it stays unprofitable.

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