General News
Bank of Ghana revokes Zeepay Ghana’s licence over regulatory breaches and customer fund risks
The Bank of Ghana (BoG) has revoked the Dedicated Electronic Money Issuer (DEMI) Licence of Zeepay Ghana Ltd with immediate effect, citing multiple regulatory breaches and the company’s persistent failure to comply with directives issued by the central bank.
In a public notice issued on Tuesday, July 14, 2026, the Bank of Ghana said the revocation was carried out pursuant to Section 13 of the Payment Systems and Services Act, 2019 (Act 987).
According to the BoG, the decision followed repeated violations of regulatory requirements and the terms and conditions governing Zeepay’s DEMI licence. The central bank stated that the company’s continued non-compliance posed risks to customers, payment service providers, and the broader payment ecosystem.
The Bank of Ghana outlined two major reasons for the licence revocation.
First, it said Zeepay issued electronic money without maintaining the required corresponding cash backing, resulting in a negative variance. The bank noted that the company failed to address the resulting risk exposure to customers and the national payment system.
Secondly, the BoG said Zeepay failed to comply with several regulatory directives, including instructions to inject sufficient funds to fully back the electronic money balances of customers, agents, and merchants. The company also failed to comply with an order to wind down its electronic money issuance business.
The central bank stressed that Zeepay’s continued operation under its DEMI licence constituted a threat to the stability of Ghana’s payment system, making the revocation necessary.
The Bank of Ghana has advised all affected Zeepay wallet holders, including agents and merchants, to contact its support team for assistance. Customers can reach the Bank via telephone on 0593974486 or email at Complaints.office@bog.gov.gh.
The notice, signed by the Secretary of the Bank, Aimee Vyda Quashie (Ms.), reaffirmed the Bank of Ghana’s commitment to financial stability, consumer protection, and safeguarding the integrity of the country’s national payment system. The revocation took effect on July 14, 2026.
Notice-No.21-BOG-SEC-GOV-2026-Revocation-of-Licence-Zeepay-Ghana-Limited-
General News
10 Security Recruits Dismissed Over Mobile Phone Ban
Ten recruits undergoing training in Ghana’s security services have been dismissed for violating a ban on mobile phones, Interior Minister Mohammed Muntaka Mubarak has disclosed.
The Minister said the dismissals were part of efforts to enforce discipline and ensure that recruits adhere strictly to the rules governing security service training.
Speaking to students of Sakafiya Islamic Senior High School in Kumasi on Saturday, August 29, Mr Muntaka said the incident reflected a broader concern about indiscipline among some young people entering the security services.
According to him, more than 500,000 people applied for positions in the latest security services recruitment exercise, but only about 10,000 were eventually selected.
He explained that recruits are required to surrender their mobile phones when they report to training school. However, some trainees allegedly concealed their devices and continued using them, particularly at night.
“Some of them were caught. At least, I have been written to, at least about 10 students have been dismissed from training school for holding phones,” the Minister said.
Mr Muntaka questioned why recruits would deliberately disregard clearly established rules, arguing that discipline should be developed from the secondary-school level.
He urged students to take school regulations seriously, noting that the ability to obey rules and respect authority is essential for anyone seeking a career in the security services.
In a related development, the Interior Minister disclosed that more than 6,000 applicants were disqualified during additional medical screening introduced as part of the security services recruitment process.
Speaking in an interview with Pan African TV on Saturday, Mr Muntaka revealed that more than 100,000 applicants underwent medical examinations.
Due to the large number of applicants and concerns about the physical and psychological well-being of personnel within the security services, authorities expanded the screening process to include drug testing and mental health assessments.
The Minister said more than 4,000 applicants tested positive for prohibited substances and consequently failed the drug screening.
Another 2,000 applicants were disqualified following mental health assessments.
“Interestingly, over 4,000 people failed the drug test, and we have over 2,000 who also failed due to mental health conditions,” he stated.
Mr Muntaka said the additional screening measures were necessary to ensure that individuals recruited into Ghana’s security agencies meet the required physical, psychological and professional standards.
Source:3News
General News
Fuel Prices Expected to Increase Marginally from September 1 – COPEC
Petroleum prices at fuel stations across Ghana are expected to increase marginally from Tuesday, September 1, 2026, according to an analysis by the Chamber of Petroleum Consumers Ghana (COPEC).
The expected adjustment is likely to affect the prices of petrol, diesel and Liquefied Petroleum Gas (LPG).
COPEC attributed the projected increases primarily to changes in international petroleum product prices, despite a recent appreciation of the Ghana cedi against the United States dollar.
According to the Chamber’s assessment, the price of crude oil on the international market declined slightly from US$90.41 to US$89.30 per barrel during the current pricing window.
Over the same period, the Ghana cedi strengthened against the US dollar, with the average interbank exchange rate improving from GH¢11.800 to GH¢11.5166 per US dollar.
This represents an appreciation of approximately 2.39 per cent.
Despite the stronger cedi and the marginal decline in crude oil prices, COPEC explained that increases in the Free-On-Board (FOB) prices of refined petroleum products are expected to push pump prices upward.
Petrol is projected to sell at an average of about GH¢16.21 per litre, representing an estimated 5 per cent increase from the current mean pump price of GH¢15.43 per litre.
Diesel is also expected to increase to approximately GH¢17.61 per litre, translating into an estimated 2.58 per cent rise from the current mean price of GH¢17.17 per litre.
LPG prices are similarly projected to record a marginal increase, with COPEC estimating a new price of about GH¢14.19 per kilogramme.
If the projections materialise, motorists and households that rely on LPG could face higher fuel and cooking costs from the beginning of September.
However, actual pump prices may vary among Oil Marketing Companies (OMCs), depending on their individual pricing decisions and market conditions.
General News
Education Ministry Reschedules 2026/2027 School Placement Results to September 4
The Ministry of Education has announced the rescheduling of the release of the 2026/2027 Computerised School Selection and Placement System (CSSPS) results from Monday, August 31, 2026, to Friday, September 4, 2026.
The Ministry announced in a press statement dated August 30, 2026, explaining that the decision follows requests from some parents, guardians, students and Heads of Schools for additional time to complete the submission and uploading of students’ data onto the platforms of the West African Examinations Council (WAEC) and the CSSPS.
According to the Ministry, the extension is intended to give all qualified students sufficient time to complete the required processes and ensure that their information is properly captured in the system for placement into Senior High Schools (SHSs) and Technical and Vocational Education and Training (TVET) institutions.
The Ministry disclosed that approximately 20,000 qualified students had, as of the date of the statement, not yet had their school choices uploaded onto the CSSPS platform by their Heads of Schools, parents or guardians.
It explained that extending the release date would help prevent pending submissions from denying the affected students the opportunity to participate fully in the placement exercise.
The Ministry has therefore urged parents, guardians, students and Heads of Schools to take advantage of the additional period to submit and upload all outstanding information within the revised timeframe.
The Education Ministry further reiterated its commitment to ensuring a fair, transparent, efficient and orderly placement process, to give every qualified student a meaningful opportunity to secure placement in an SHS or TVET institution.
The revised schedule means that students and parents who were expecting the 2026/2027 placement results on August 31 will now have to wait until Friday, September 4, 2026, for the results to be released.
The statement was signed by Hasmini Mohammed, Press Secretary of the Ministry of Education.

General News
Ablakwa Calls for Urgent Action to Address Root Causes of Conflict in Africa
Ghana’s Foreign Affairs Minister, Sam Okudzeto Ablakwa, has called on African leaders to undertake honest introspection into the root causes of conflicts on the continent and take urgent steps to address them.
Mr Ablakwa made the call when he addressed the African Union Executive Council’s extraordinary meeting on Conflict Resolution and Prevention in Angola.

According to him, Africa must end what he described as the “normalisation of conflict and extremism” and intensify efforts to build a peaceful and transformed continent.
He urged African leaders to focus on the underlying drivers of conflict, including injustice, limited opportunities for young people, underdevelopment, corruption, exploitation of natural resources, intolerance and political insincerity.

He also cautioned against African countries and leaders allowing themselves to become pawns for external or proxy forces, stressing the need for greater ownership of the continent’s peace and development agenda.
Mr Ablakwa said Africa was running out of time to create the new and transformed continent envisioned by its people, particularly the youth.
He cited the recent movement of more than 72,000 young Africans who breached fences in an attempt to enter Ceuta in Spain as a disturbing reminder of the urgency to address the socio-economic conditions confronting young people across Africa.

He said the situation should strengthen the resolve of African leaders to “silence the guns” and redirect resources currently being spent on conflicts towards creating jobs and expanding opportunities for the continent’s youth.

Foreign Affairs Minister stressed that sustainable peace in Africa would require more than military interventions, arguing that addressing injustice, poverty, unemployment, corruption and underdevelopment must form a central part of the continent’s conflict-prevention strategy.
General News
Gunshots Reported in Gbane as Youth Clash With Guards of Poloo’s Mining Firm
Tension has reportedly gripped Gbane, a mining community in the Talensi District of the Upper East Region, following a confrontation between some angry youth and armed security guards attached to Nanlamtaaba Enterprise.
Nanlamtaaba Enterprise is a small-scale mining company operated by Zongdaan Boyak Kolog, popularly known as Poloo.
According to a report shared on the Facebook page of media personality Kwadwo Baffour, the confrontation reportedly resulted in gunshots, sparking fear and panic among residents in the community.
The circumstances leading to the clash remain unclear, as details surrounding what triggered the confrontation have yet to be established.
Residents are said to have been left alarmed by the incident, with concerns growing about a potential escalation of tensions between the youth and the personnel protecting the mining operation.
Further details, including whether there were injuries, arrests or property damage, are yet to emerge.
More information is expected as authorities and other sources provide clarity on the incident.
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