General News
China Grants Ghana Additional ¥200 Million to Boost Development Projects
President John Dramani Mahama has announced that China has approved an additional 200 million Renminbi (RMB) grant to support Ghana’s ongoing development projects.
In a Facebook post on Thursday, October 16, 2025, President Mahama said the new agreement was reached after bilateral talks with Chinese President Xi Jinping. The fresh grant adds to an earlier 200 million RMB facility, bringing China’s total recent support to ¥400 million.
Based on the Bank of Ghana’s interbank exchange rate as of October 15, 2025, one Chinese Yuan (CNY) traded at approximately GH¢1.5786, making the ¥200 million grant worth around GH¢315.7 million.
President Mahama explained that the funds would be used to construct the proposed Aflao Market and renovate the National Theatre in Accra.
> “The Aflao Market will be an important trading platform linking Ghana and Togo, and forms part of our Resetting Ghana Agenda,” President Mahama said.
He added that Ghana and China are also working to finalize a Zero Tariff Policy by the end of October to promote smoother trade between the two nations.
During the talks, both leaders discussed ways to promote responsible small-scale mining, expand trade and investment opportunities, and deepen cooperation in new economic areas.
President Mahama revealed that China has shown interest in Ghana’s 24-hour economy initiative and Green Transition policy, expressing readiness to collaborate with the government and private sector to advance these programmes.
He also reaffirmed Ghana’s commitment to the One China Policy and assured President Xi of Ghana’s support for what he described as “a new Global System of Governance” being championed by China.
According to President Mahama, these discussions are part of Ghana’s broader Resetting Ghana Agenda, aimed at strengthening partnerships and attracting foreign investment to drive national development.
China Grants Ghana Additional ¥200 Million to Boost Development Projects
President John Dramani Mahama has announced that China has approved an additional 200 million Renminbi (RMB) grant to support Ghana’s ongoing development projects.
In a Facebook post on Thursday, October 16, 2025, President Mahama said the new agreement was reached after bilateral talks with Chinese President Xi Jinping. The fresh grant adds to an earlier 200 million RMB facility, bringing China’s total recent support to ¥400 million.
Based on the Bank of Ghana’s interbank exchange rate as of October 15, 2025, one Chinese Yuan (CNY) traded at approximately GH¢1.5786, making the ¥200 million grant worth around GH¢315.7 million.
President Mahama explained that the funds would be used to construct the proposed Aflao Market and renovate the National Theatre in Accra.
“The Aflao Market will be an important trading platform linking Ghana and Togo, and forms part of our Resetting Ghana Agenda,” President Mahama said.
He added that Ghana and China are also working to finalize a Zero Tariff Policy by the end of October to promote smoother trade between the two nations.
During the talks, both leaders discussed ways to promote responsible small-scale mining, expand trade and investment opportunities, and deepen cooperation in new economic areas.
President Mahama revealed that China has shown interest in Ghana’s 24-hour economy initiative and Green Transition policy, expressing readiness to collaborate with the government and private sector to advance these programmes.
He also reaffirmed Ghana’s commitment to the One China Policy and assured President Xi of Ghana’s support for what he described as “a new Global System of Governance” being championed by China.
According to President Mahama, these discussions are part of Ghana’s broader Resetting Ghana Agenda, aimed at strengthening partnerships and attracting foreign investment to drive national development.
General News
REV. ABRAHAM LAMPTEY CONSECRATED AS APOSTLE ON HIS 60TH BIRTHDAY
The Founder and General Overseer of Believers House of Worship International, Rev. Abraham Lamptey, has been consecrated into the office of Apostle on the occasion of his 60th birthday.
Having served as a Minister of God for nearly three decades, the Apostolic Fathers in the Charismatic fraternity in Ghana deemed him worthy of the elevation in recognition of his dedication and service to the Kingdom of God.
Popularly known for his powerful worship, preaching, leadership, and multilingual delivery of the Word, Apostle Lamptey’s consecration ceremony took place at the Believers House of Worship International, Spintex, on Saturday, October 25, 2025.
The solemn event was officiated by his spiritual father, Apostle General Sam Korankye Ankrah, and graced by other eminent men of God, including Dr. Lawrence Tetteh, Bishop Nanasei Opoku Sarkodie, Bishop Adonteng Boateng, Apostle Amoako Atta and more.
During the service, Apostle Lamptey was charged to preach the gospel in and out of season, win souls, heal the sick, raise the dead, and dedicate babies and businesses to the glory of God.
SOT… …APOSTLE GENERAL SAM KORANKYE ANKRAH
In an interview, the newly consecrated Apostle emphasized that the elevation comes with new responsibilities and deeper commitments to the work of God. He urged Christians to serve as each other’s keeper, desist from unhealthy competition within the body of Christ, and remain focused on pleasing their Maker.
SOT… APOSTLE LAMPTEY
Mrs. Gloria Kafui Lamptey, wife of the Apostle, described the elevation as not merely a moment of celebration but a renewed call to duty in the vineyard of God.
SOT .. MRS. LAMPTEY
General News
MALFUNCTIONING STREET LIGHTS FROM CIRCLE TO AMASAMAN RAISES SAFETY CONCERNS
The absence of the functional street lights on major roads across the capital continues to pose a serious threat to motorists and pedestrians alike. Beyond enhancing night visibility, street lights also contribute to the beautification of the city , yet several key routes in the capital city, Accra , remain in darkness.
A notable example is the stretch from the Kwame Nkrumah Circle Interchange to Amasaman, which once dazzled with bright illumination and earned the nickname “Dubai” for its vibrant night appearance.
In an effort to cross-check the current state of night visibility, Kessben TV conducted a survey along the route between 8 p.m. and 9 p.m. last night. The team observed that the entire stretch was engulfed in darkness, forcing motorists to rely on their high beams, which in turn blinded other drivers and pedestrians.
This persistent visibility challenge has remained unattended for a long time, raising questions about the commitment of city authorities. Residents and commuters are now asking whether the relevant agencies are unaware of the situation or simply uninterested in maintaining basic infrastructure that ensures road safety and the protection of lives and properties.
General News
Ato Forson to Present Mahama Government’s First Full-Year Budget on November 13
Finance Minister Dr. Cassiel Ato Forson is expected to present the 2026 Budget Statement and Economic Policy to Parliament on Wednesday, November 13, 2025, sources within the Finance Ministry have confirmed.
The proposed date, which awaits formal approval from Parliament, will mark the Mahama administration’s first full-year budget since returning to power in 2025. It is anticipated to be a major fiscal event, setting the tone for the government’s economic direction after nearly a year of navigating global and domestic challenges.
Experts say the 2025 Budget—delivered shortly after the new administration took office—largely operated within the fiscal framework of the previous government. The upcoming 2026 Budget, however, is expected to reflect the Mahama government’s own economic vision and priorities.
As required by the Public Financial Management Act, the Finance Minister must present the national budget to Parliament no later than November 15 each year.
Broad Consultations
The Finance Ministry has concluded extensive stakeholder engagements with industry leaders, civil society groups, and development partners. These discussions helped shape key policy measures and expenditure priorities for the 2026 fiscal plan.
Focus on Jobs and Growth
Dr. Forson has hinted that the budget will focus on job creation, productivity, and innovation, with targeted investments in sectors that can drive youth employment.
The document is also expected to introduce a comprehensive tax reform aimed at expanding the revenue base while easing the tax burden on households and businesses.
Preparing for a Post-IMF Economy
With Ghana expected to exit the IMF programme by May 2026, the budget will be closely scrutinised for its post-programme economic strategy. Analysts will be watching how the government balances fiscal discipline with growth and stability.
Deficit Management and Infrastructure
Managing the fiscal deficit, debt servicing, and funding for social and infrastructure projects will also be a key highlight.
As anticipation grows, investors, businesses, and development partners await what could be the defining economic roadmap of the Mahama administration’s second year in office.
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