General News
Food Inflation Falls to 4.9% — Mahama Credits Feed Ghana Programme for Economic Relief
President John Dramani Mahama has announced a significant decline in Ghana’s food inflation rate, crediting the government’s flagship Feed Ghana Programme under the Agriculture for Economic Transformation Agenda for helping to deliver economic relief to households and businesses.
Addressing Parliament during the State of the Nation Address, President Mahama disclosed that food inflation, which reached an unprecedented peak of 61% in January 2023 and stood at 28.3% in January 2025, has now dropped sharply to 4.9%, marking a major turnaround in the country’s food security and macroeconomic stability efforts.
“Agriculture remains central to our national renewal. Since January 2025, this administration has embarked on a decisive reset of Ghana’s agricultural sector under our Agriculture for Economic Transformation Agenda, with the Feed Ghana Programme serving as a flagship vehicle for implementation,” President Mahama stated.
He explained that the government’s policy direction is focused on restoring food sovereignty, stabilizing food prices, reducing import dependency, and creating decent employment opportunities, particularly for Ghana’s youth population.
“Our objective is clear — to restore food sovereignty, stabilize food prices, reduce import dependence, and reposition agriculture as a strategic growth sector under our 24-hour economy policy,” the President added.
The President noted that the dramatic fall in food inflation has provided much-needed relief to Ghanaian families and businesses, helping to ease cost-of-living pressures that had previously threatened household welfare and economic stability.
“The decline in food inflation is providing real relief to Ghanaian families and businesses who have endured severe economic pressure over the past years. This is evidence that our agricultural transformation policies are working,” he said.
As part of measures to sustain the gains, President Mahama announced a GH¢300 million investment in the National Food Buffer Stock Company to strengthen national food reserves and stabilize market prices during periods of supply shocks.
“This year, we have committed GH¢300 million to the National Food Buffer Stock Company to mop up excess produce, stabilize prices, and build a strategic national food buffer against emergencies. This is the first time Ghana has deliberately built a food reserve for national resilience,” he said.
He explained that the buffer stock initiative is designed to protect both farmers and consumers by preventing seasonal price volatility and ensuring consistent market supply.
The President further emphasized that agriculture will remain a cornerstone of Ghana’s broader economic strategy under the 24-hour economy policy, which seeks to expand industrial production, agro-processing, and export competitiveness.
“We are repositioning agriculture as a strategic engine of growth, employment, and industrial transformation. The 24-hour economy policy will unlock new value chains and create sustainable opportunities for our young people,” he said.
Government officials and economic analysts have welcomed the decline in food inflation, describing it as a positive sign of economic recovery and policy effectiveness. However, they cautioned that sustained investment in agricultural productivity, irrigation infrastructure, and farmer support systems will be necessary to maintain long-term price stability.
The government has reiterated its commitment to deepening agricultural modernization, expanding access to farm inputs, and strengthening rural development programs to ensure continued food security and economic growth.
General News
GTA CEO Maame Efua Houadjeto Accepts Vice Chair Role of African Travel Commission
Mrs. Maame Efua Houadjeto, Chief Executive Officer of the Ghana Tourism Authority (GTA), has officially accepted her appointment as Vice Chair of the African Travel Commission (ATC), reinforcing Ghana’s commitment to promoting tourism integration and sustainable development across the continent.
Her acceptance was announced during a high-level strategic meeting with the leadership of the African Travel Commission on the sidelines of the 2026 Hotel Managers Conference (HMC), held from July 11 to 12 at the Lagos Continental Hotel in Lagos, Nigeria.
The meeting brought together key tourism leaders, including Director General of the Nigerian Tourism Development Authority (NTDA) and Chairman of the African Travel Commission, Mr. Olayiwola Awakan, Executive Director of the ATC, Dr. Lucky Onoriode George, and Board Member, Prof. Wasiu Babalola.
Speaking after accepting the appointment, Mrs. Houadjeto expressed gratitude for the confidence placed in her, describing the role as both an honour and a great responsibility. She pledged to work closely with the Commission’s leadership and tourism stakeholders across Africa to strengthen regional partnerships, encourage collaboration, and advance the continent’s tourism agenda.
She highlighted Ghana’s historic role as the host of Africa’s oldest travel and tourism organisation, the African Travel Commission, saying the country’s legacy places a responsibility on it to continue championing regional integration and sustainable tourism development.
Mrs. Houadjeto said one of her priorities as Vice Chair would be to bridge the gap between West Africa and other regions of the continent while promoting stronger cooperation among African countries. According to her, greater collaboration will boost intra-African travel, attract investment, create jobs, and drive sustainable economic growth through tourism.
Chairman of the African Travel Commission, Mr. Olayiwola Awakan, welcomed her acceptance of the appointment, describing it as a significant step toward strengthening the Commission’s vision for a more united African tourism industry.
He praised Ghana’s longstanding contribution to tourism development in Africa and expressed confidence that Mrs. Houadjeto’s experience and leadership would add value to the Commission.
“Ghana has always played an important role in African tourism, and I am confident that with Mrs. Houadjeto serving as Vice Chair, the Commission will benefit immensely from her experience and leadership. Ghana, West Africa, and indeed the entire continent stand to gain when we work together towards common goals,” he said.
Executive Director of the African Travel Commission, Dr. Lucky Onoriode George, also described Mrs. Houadjeto’s acceptance as a major milestone in the Commission’s revitalisation efforts and a reaffirmation of Ghana’s historic leadership as one of the ATC’s founding members.
He noted that Ghana’s active role in the Commission’s leadership would help advance the organisation’s vision of building a more united, competitive, and globally recognised African tourism industry.
Dr. George added that the Commission remains committed to strengthening partnerships among governments, the private sector, development partners, and tourism stakeholders to accelerate tourism growth, improve air connectivity, encourage research and innovation, attract investment, and position Africa as one of the world’s leading tourism destinations.
The meeting ended with a renewed commitment by participants to promote a shared continental tourism agenda through strategic partnerships, regional integration, and sustainable development. They expressed confidence that Ghana’s leadership within the African Travel Commission would further support efforts to drive inclusive and sustainable tourism growth across Africa.
General News
President Mahama Signs New GIPA Act to Boost Investment and Position Ghana as West Africa’s Business Hub
President John Dramani Mahama has signed into law the new Ghana Investment Promotion Authority (GIPA) Act, replacing the former Ghana Investment Promotion Centre (GIPC) Act in a major reform aimed at strengthening Ghana’s investment climate.
The new legislation is expected to reposition Ghana as a leading investment destination in Africa by simplifying investment procedures, reducing bureaucratic bottlenecks, and making it easier for both local and foreign investors to establish and operate businesses.
The Act also strengthens investor protection by providing a more robust legal framework that enhances confidence and security for investors while improving the country’s overall investment environment.
Additionally, the law expands the mandate of the Ghana Investment Promotion Authority, empowering it to more effectively promote, facilitate, regulate, and monitor investments across key sectors of the economy.
A key feature of the Act is its emphasis on supporting Ghanaian businesses, enabling local enterprises to scale up, attract investment, and participate more competitively in the country’s growing investment ecosystem.
The government says the new GIPA Act forms part of its broader economic transformation agenda and is expected to drive sustainable economic growth, create jobs, attract quality investments, and reinforce Ghana’s position as the preferred investment destination in West Africa.
The legislation marks another step in the government’s #ResettingGhana agenda to build a more competitive, business-friendly, and resilient economy.
General News
Kenneth Ashigbey Denies Influencing Wontumi Case, Condemns False Claims
Chief Executive Officer of the Ghana Chamber of Mines, Ing. Kenneth Ashigbey,has strongly denied allegations that he influenced the High Court’s ruling in the case involving NPP Ashanti Regional Chairman Bernard Antwi-Boasiako, popularly known as Chairman Wontumi.
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