KNUST Economist Proposes Major Shift in Ghana’s Monetary Policy Framework

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KNUST Economist Proposes Major Shift in Ghana’s Monetary Policy Framework

Professor Mohammed Hadrat Yusif of KNUST has challenged Ghana’s central bank to replace its inflation-targeting regime with Nominal GDP targeting, arguing the current approach has failed to ensure macroeconomic stability.

In his inaugural lecture, the economist revealed Ghana’s inflation (22.5%) now dwarfs comparable rates in South Korea and Malaysia (below 2.5%), while public debt has ballooned to 90% of GDP – evidence he says demands policy innovation.

The proposed Nominal GDP model would prioritize both price stability and economic growth, allowing temporary inflation flexibility during downturns to stimulate recovery.

Professor Yusif particularly emphasized the need for stronger research partnerships between the Bank of Ghana and academic institutions to develop evidence-based solutions, citing Norway and Sweden as models for fiscal transparency and disciplined economic management.

Gyampo Urges Compassion in Ofori-Atta Accountability Process

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Gyampo Urges Compassion in Ofori-Atta Accountability Process

University of Ghana political scientist Professor Ransford Gyampo has called for balanced handling of investigations into former Finance Minister Ken Ofori-Atta, urging state institutions to consider his reported health condition.

The appeal follows the Office of Special Prosecutor’s June 2 declaration placing Ofori-Atta on its wanted list for missing a scheduled interrogation regarding five high-profile financial investigations from his tenure.

While acknowledging the importance of accountability, Gyampo emphasized the need for verification of Ofori-Atta’s medical status and location before further actions.

His comments come as Ofori-Atta’s wife maintains her husband’s willingness to cooperate remotely during cancer treatment, having previously engaged with accountability bodies like CHRAJ.

The situation presents a complex test for Ghana’s anti-corruption institutions in balancing rigorous oversight with humanitarian considerations.

Allied Health Council Expands Reach to Boost Healthcare Standards

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Allied Health Council Expands Reach to Boost Healthcare Standards

The Allied Health Professions Council has inaugurated its Wa regional office, marking a strategic push to enhance professional compliance and combat unlicensed practitioners in northern Ghana.

Acting Registrar Daniel Atta Nyarku emphasized that the new facility – the Council’s fifth regional branch – will eliminate the need for Upper West professionals to travel to Accra for license renewals and regulatory services while strengthening enforcement against quack practitioners.

Nyarku revealed the Council oversees 23 critical healthcare professions including radiographers and nutritionists, with continuous professional development now mandatory for license renewals.

While physical credentials remain centrally processed in Accra, the decentralization initiative aims to improve monitoring of the region’s 2,000+ allied health workers and ensure adherence to evolving medical standards.

The move addresses longstanding challenges in healthcare regulation across northern territories, where distance previously hindered oversight.

Legal Analyst Predicts NDC Victory if NPP Fields Bawumia in 2028

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Legal Analyst Predicts NDC Victory if NPP Fields Bawumia in 2028

Private legal practitioner Martin Kpebu has warned that the New Patriotic Party risks an electoral defeat if it nominates Dr. Mahamudu Bawumia as its presidential candidate for the 2028 elections.

Speaking on Accra-based TV3, Kpebu argued the Vice President squandered opportunities to rebuild public trust during his tenure, instead offering justifications for government shortcomings rather than accountability.

Kpebu suggested the NPP should instead groom a younger candidate in their 40s for the 2032 elections, claiming the party stands little chance in the next electoral cycle.

His comments come as internal NPP debates intensify about the party’s future leadership direction following recent electoral setbacks.

The analysis highlights growing concerns within political circles about the NPP’s ability to refresh its leadership and reconnect with Ghanaian voters.

Ghana Seeks to Transform $6.6 Billion Diaspora Remittances Into Development Engine

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Ghana Seeks to Transform $6.6 Billion Diaspora Remittances Into Development Engine

A coalition of government and financial institutions has launched coordinated efforts to redirect Ghana’s substantial diaspora remittances toward productive investments at the 2025 Ghana Diaspora Investment Forum.

New data reveals these inflows reached $6.65 billion last year – nearly four times higher than foreign direct investment – with stakeholders now developing specialized financial instruments to channel funds into renewable energy, waste management and job creation initiatives.

The forum, organized by Global Affairs Canada, Fidelity Bank and GIZ Ghana, featured the introduction of two landmark vehicles: a Diaspora Renewable Energy Fund and an expanded WIDU.africa platform that has already converted remittances into business capital for 1,700 Ghanaian entrepreneurs.

Canadian High Commissioner Myriam Montrat emphasized the need for policy reforms to position Ghana as a premier investment destination, while EU Ambassador Irchad Razaaly highlighted the untapped potential of migration-development synergies.

With Ghana’s diaspora population exceeding 330,000 in North America alone, the initiative marks a strategic shift from consumption-focused remittances to sustainable development financing. Partners committed to establishing transparent monitoring systems to ensure the new investment frameworks deliver measurable economic impact.

Shippers Authority CEO Calls for Professionalism in Security Operations

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Shippers Authority CEO Calls for Professionalism in Security Operations

Professor Ransford Gyampo, CEO of the Ghana Shippers Authority, has called for enhanced training of National Security personnel following recent controversial raids on offices and residences of individuals under investigation.

The academic and governance expert expressed concern that current operational methods damage President Mahama’s reputation as a measured leader.

Gyampo specifically referenced the recent raid on Strategic Mobilisation Ghana Limited (SML) by the Office of the Special Prosecutor, describing such operations as unprofessional.

While affirming support for anti-corruption efforts, he emphasized the need for security agencies to conduct investigations with greater decorum.

The comments come amid ongoing scrutiny of government accountability measures and their implementation under the current administration.

New Fellowship Program Boosts Women in Ghanaian Journalism

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New Fellowship Program Boosts Women in Ghanaian Journalism

The Dikan Center has launched HerPress, a specialized training initiative designed to support female journalists across Ghana.

The program, introduced at an event in Accra attended by media professionals and diplomats, will provide mentorship and skills development to address gender disparities in the country’s news industry.

Australian High Commissioner Berenice Owen-Jones announced her government’s financial backing for the initiative, noting it aligns with global efforts to combat workplace challenges women journalists face.

Dikan Center founder Paul Ninson emphasized the program’s goal to amplify women’s voices in national discourse through professional development opportunities.

The fellowship will include workshops and culminate in an annual summit celebrating women’s contributions to Ghanaian media.

Legal Experts Clash Over Ofori-Atta Accountability Process

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Legal Experts Clash Over Ofori-Atta Accountability Process

Ghana’s accountability mechanisms face a critical test as legal authorities disagree on how to proceed with investigations into former Finance Minister Ken Ofori-Atta.

Private lawyer Martin Kpebu has urged the Office of the Special Prosecutor to advance court proceedings regardless of Ofori-Atta’s medical treatment in the United States, suggesting international testimony collection if necessary.

The debate intensified as University of Ghana Professor Ransford Gyampo questioned whether authorities have verified Ofori-Atta’s presence at the Mayo Clinic, while political analyst Dr. Joshua Zaato proposed passport tracking by National Security.

Ofori-Atta’s wife maintains the former minister remains willing to cooperate remotely during his cancer treatment, having offered video testimony that investigators declined.

This standoff emerges as the OSP examines five high-profile cases from Ofori-Atta’s tenure, including controversial expenditures on the National Cathedral and ambulance procurement contracts.

The dispute highlights growing tensions between enforcing accountability and respecting due process rights in Ghana’s anti-corruption efforts.

Gyampo Insists Praise Won’t Halt Accountability for Mahama

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Gyampo Insists Praise Won’t Halt Accountability for Mahama

University of Ghana political scientist Professor Ransford Gyampo has cautioned that recent praise for President John Mahama will not prevent investigations into alleged financial irregularities during his administration.

The academic emphasized that constitutional accountability processes must continue regardless of the president’s rehabilitation among former critics.

Speaking on TV3’s The Key Points, Gyampo referenced pending findings from the Office of the Registrar of Assets and Liabilities, stating “the ORAL report will be implemented” irrespective of political sentiment. His comments highlight ongoing tensions between political reconciliation and demands for fiscal accountability in Ghana’s democratic framework.

The remarks come amid growing debate about balancing recognition of leadership achievements with constitutional oversight responsibilities.

Zebilla MP Slams Failed “One Village One Dam” Initiative

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Zebilla MP Slams Failed “One Village One Dam” Initiative

Zebilla legislator Ebenezer Alumire Ndebilla has exposed critical flaws in Ghana’s much-touted One Village One Dam (1V1D) program, revealing most structures are mere seasonal dug-outs that dry up within weeks after rainfall.

The MP’s damning assessment aligns with former Special Development Initiatives Minister Hawa Koomson’s admission that the allocated GH₵250,000 per dam proved grossly inadequate for meaningful water projects.

Launched by the previous NPP administration to boost dry-season farming, the initiative has instead left rural communities with unreliable water sources that evaporate rapidly.

Ndebilla’s revelations confirm longstanding concerns about substandard implementation of the flagship agricultural policy, raising questions about resource allocation and oversight in rural development projects.

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