Author: Abongobi Media

The Bank of Ghana recorded a much larger loss in 2025, according to its Annual Report and Financial Statements released on May 1, 2026. The Bank posted a loss of GH¢15.63 billion for the year ended December 31, 2025. This represents a 65% increase from the GH¢9.49 billion loss recorded in 2024. At the Group level, which includes its subsidiaries, losses also rose to GH¢15.29 billion, up from GH¢9.41 billion the previous year. This indicates that financial pressure affected both the Bank and its related entities. 2025-Financial-Statements-1Download Source: MyNewsGh.com

The Electricity Company of Ghana (ECG) has announced a planned power outage in parts of the Accra West Region on Sunday, May 3, to allow for emergency maintenance works. The exercise, according to the power distributor, is aimed at improving service delivery in the affected communities. The outage is scheduled to take place from 9:00am to 5:00pm. In a notice issued on Saturday, May 2, ECG said the maintenance will temporarily disrupt electricity supply in several areas. “ECG will undertake emergency maintenance works to improve service delivery. This will result in a temporary outage,” the statement said. Affected areas include…

The Korle Bu Teaching Hospital is set to roll out two new specialised services, In Vitro Fertilisation (IVF) and a Corporate Clinic, before the end of 2026. The initiative forms part of the hospital’s broader plan to expand access to advanced healthcare services and respond to growing patient demand for specialised care in Ghana. The announcement was made by the Chief Executive Officer of Korle Bu Teaching Hospital, Dr Yakubu Seidu Adam, at the hospital’s 2025 Annual Performance Review held on Thursday, April 30, 2026, in Accra. Dr Adam explained that the new services are part of ongoing reforms aimed…

A finance professor and economist at the University of Ghana, Prof. Godfred A. Bokpin, says Ghana has not been able to resolve its energy challenges despite years of policy changes and interventions. Speaking on JoyNews’ Newsfile, monitored by MyNewsGh, Prof. Bokpin said the problem has persisted across different governments, making it difficult for citizens to plan. “Since 2012 to date, Ghana has not solved its energy issue comprehensively,” he said. “Governments have come and gone, but the issues persist.” His comments follow recent power outages and a fire at the Akosombo substation, which disrupted electricity supply before emergency efforts restored power.…

The Ministry of Foreign Affairs has cautioned Ghanaians, particularly those planning to travel abroad, against engaging individuals or intermediaries who offer falsified immigration stamps or travel endorsements to fabricate travel histories. In a public announcement issued on May 1, 2026 the Ministry said it had become aware of a number of cases involving Ghanaian nationals abroad who had been arrested and detained after foreign authorities detected forged immigration stamps in their passports. Forgery described as serious criminal offence The Ministry stressed that the falsification of travel documents constitutes a serious criminal offence under both Ghanaian law and the laws of…

The government is considering absorbing the Western Rail Line under the Big Push programme, President John Dramani Mahama has said. He said the move was aimed at opening up bauxite and manganese concessions as well as the Western Corridor. President Mahama said this at the May Day parade in Koforidua in response to a call by the Trades Union Congress (TUC). Strategic importance of Western Rail Line President Mahama explained that the completion of the Western Rail Line is a project of significant interest because it will open up the bauxite and manganese concessions and the Western Corridor. “It will…

An artisanal fisherman in charge of the Tema Manhean Landing Beach, Yasser Arafat-Ali, has called on government to deploy military personnel on board industrial fishing vessels to clamp down on illegal practices at sea. According to him, weak enforcement has allowed destructive fishing activities by some industrial operators to persist, contributing to the rapid depletion of fish stocks and threatening the sustainability of the sector. He made the call at the Tema Canoe Basin in Tema Newtown when the Minister for Fisheries and Aquaculture, Emelia Arthur, announced the 2026 fishing closed season schedule. Mr. Arafat-Ali argued that although illegal practices…

President John Dramani Mahama has announced plans to overhaul Ghana’s public sector pay system with the establishment of an Independent Emoluments Commission, alongside reforms to modernise the country’s labour laws. Speaking at the 2026 May Day celebration in Koforidua, the President said the proposed commission would replace the current salary structure and be responsible for determining pay across the public sector—from the presidency to the lowest-paid government worker. According to him, the Fair Wages and Salaries Commission has already begun preparatory work on the initiative, which is aimed at ensuring fairness, transparency and alignment with market conditions. “The Independent Commission…

The Accra Metropolitan Assembly has announced a month-long ban on drumming and noise-making within its jurisdiction, set to take effect from May 4 to June 4, 2026, as part of measures to maintain peace, harmony, and public order ahead of the Homowo festival. In a statement issued on Thursday, April 30, the Assembly outlined strict guidelines to govern activities during the period, with particular restrictions placed on religious and social gatherings. Churches have been directed to confine their activities within their premises and refrain from the use of musical instruments throughout the duration of the ban. The directive further prohibits…

A legal firm, Appiade Chambers, has issued a formal response on behalf of the Director of Great Lamptey- Mills Complex School, Mr. Enoch Odartey Lamptey-Mills, following a demand notice concerning the reported disappearance of a pupil identified as Adelaide Mei Afia Asare, believed to be eleven years of age. The response, dated April 1, 2023, was addressed to Leslie Dickson of Dansoman and forms part of ongoing correspondence relating to the circumstances under which his child reportedly went missing shortly after admission into the school. According to the lawyers, the school disputes aspects of the earlier demand notice, stating that…