Uncategorized
Investors Rush for Treasury Bills as Auction Raises GH¢4.36bn
The government’s latest Treasury bill auction bounced back strongly last week, recording its first oversubscription in four weeks.
According to fresh data from the Bank of Ghana, investors submitted bids worth GH¢4.38 billion across the 91-day, 182-day, and 364-day bills. Out of this, the Treasury accepted GH¢4.36 billion—exceeding its GH¢3.78 billion target by 15.34 percent.
A closer look at the figures shows that nearly all bids were absorbed: GH¢3.62 billion of GH¢3.63 billion for the 91-day bill, GH¢566 million of GH¢576 million for the 182-day, and GH¢182 million out of GH¢187 million for the 364-day.
Market analysts say the oversubscription was driven by a lower issuance target and stronger investor appetite, giving the government room to take up almost all bids.
On yields, the short-term securities saw marginal movements. The 91-day rose by 10 basis points to 10.42 percent, while the 182-day gained 4 basis points to 12.41 percent. The 364-day bill, however, dipped slightly by 2 basis points to 12.97 percent.
Looking forward, the government aims to raise GH¢8.2 billion at the next auction.
Uncategorized
Duabo King Arrested for Claiming Police Personnel Patronize Prostitutes More Than Any Sector
The Ghana Police Service has arrested a 45-year-old social media personality, Isaac Boafo, popularly known as “Duabo King,” for allegedly publishing false news with intent to cause fear and panic.
In a press release issued on March 1, 2026, the Ashanti Regional Police Command confirmed that the suspect was apprehended following a viral TikTok video in which he alleged that four officers stationed at the Central Police Station in Kumasi engaged in inappropriate conduct with commercial sex workers during night patrol duties at Asafo.
Duabo King had claimed in the video that personnel within the Ghana Police Service patronizes prostitutes more than any other sector in the country. He further alleged that if the government were to shut down prostitution, popularly known in West African Pidgin as “ashawo”, it would significantly affect the Service because its personnel patronizes the trade the most.
According to the statement signed by Deputy Superintendent of Police Godwin Ahianyo, Head of the Public Affairs Unit for the Ashanti Region, officers from the Police Intelligence Directorate acted on intelligence to arrest the suspect.
During interrogation, Isaac Boafo admitted publishing the video and described himself as a social media content creator who made the allegations solely to attract views and online engagement. He further acknowledged that he could not substantiate the claims made against the officers.
The Police added that the suspect also admitted making comments concerning the President of the Republic for content creation purposes and stated that he could not defend those statements.
He has since been formally charged and detained to assist with further investigations.
The Service cautioned the public against the publication and circulation of false information, especially on social media, warning that such acts have the potential to cause unnecessary fear, panic, and reputational damage. Individuals found engaging in such conduct, the statement noted, will be dealt with in accordance with the law.
General News
Poor Sanitation Costs Ghana GHS 6.2 Billion Yearly – ISSER Study
Ghana loses more than GHS 6.2 billion every year due to diseases linked to poor waste management and sanitation, a new study by the Institute of Statistical, Social and Economic Research at the University of Ghana has revealed.
The findings were presented at a high-level stakeholder engagement in Accra, on Thursday, 26th February 2026, where policymakers, Members of Parliament, local government officials, development partners and private sector actors gathered to examine the economic case for increased sanitation investment.
The research, led by Prof. Peter Quartey and Dr. Kwame Adjei-Mantey, is titled “An Economic Analysis of the Benefits of Adequate Investment in Waste Management and Sanitation in Ghana.” It assessed both the economic and social consequences of current sanitation practices and modelled the potential gains from improved financing.
According to the study, five diseases closely associated with poor sanitation malaria, cholera, pneumonia, typhoid fever and diarrhoea account for nearly 31.9 million lost workdays each year and an estimated 177,222 deaths. The researchers calculated direct medical costs at about GHS 5.8 billion annually, with an additional GHS 650 million lost through reduced productivity, bringing the total burden to over GHS 6.2 billion.
Despite these losses, Ghana currently spends an average of about GHS 38 per tonne of waste generated. The researchers described this as modest compared to the scale of the health and economic damage linked to poor sanitation systems.
Using cost-benefit modelling, the team found that under the current business-as-usual approach, every GHS 1 invested in waste management generates about GHS 180 in economic returns. However, under a best-case scenario — where investment rises to approximately GHS 1,028 per tonne in line with lower-middle-income benchmarks returns could increase to GHS 556 per GHS 1 invested.
In total terms, projected national benefits under the enhanced investment scenario could reach about GHS 58 billion in 2025 and rise further to GHS 67.2 billion by 2032. The projected gains are driven largely by sharp reductions in disease incidence, mortality and productivity losses.
Presenting the findings, Prof. Quartey urged government to stop treating sanitation as a residual expenditure. He stressed that waste management must be viewed as a high-return development investment capable of protecting public health and strengthening economic growth.
The presentation was followed by an extensive question-and-answer session. Participants raised concerns about how much of the disease burden could be directly attributed to waste. The research team explained that their modelling relied on global health data and assumed that about 45 percent of the selected disease cases were attributable to waste exposure. Sensitivity analysis was conducted to test different attribution levels.
Stakeholders also questioned whether the best-case scenario reflected on-the-ground realities, especially in slum and rural communities where waste collection remains inconsistent. Prof. Quartey acknowledged that waste management in such areas is more complex and costly due to access challenges. He noted that flexible and smaller-scale collection systems may be required rather than a uniform national model.
Other concerns focused on uncollected waste and dumping in drains and water bodies. The researchers explained that their modelling incorporated standardized ranges for lower-middle-income countries, taking into account infrastructure gaps and collection inefficiencies.
Members of Parliament present at the forum emphasized the need for stronger coordination across agencies. While some suggested the creation of a National Sanitation Authority, others cautioned against expanding bureaucracy and proposed strengthening existing institutional structures instead.
Education and job creation also featured prominently in the discussion. Prof. Quartey highlighted earlier regional research on green jobs and recycling, stressing that investment in skills development and public awareness could help unlock employment opportunities in the waste sector.
The research team concluded that Ghana’s annual sanitation-related losses far exceed current spending levels. They called for increased and sustained investment, targeted interventions in high-risk communities, and stronger data and budgeting systems within Metropolitan, Municipal and District Assemblies to ensure sanitation is prioritized as a central pillar of national development.
General News
CCTV Captures Woman Allegedly Setting Alpha Hour Church Auditorium Ablaze
Founder and leader of the online prayer movement Alpha Hour, Pastor Elvis Agyemang, has released CCTV footage capturing an alleged arson attempt at his church auditorium.
According to the footage, a woman entered the auditorium, poured a liquid substance believed to be petrol on chairs, and set them ablaze. The incident caused damage to parts of the auditorium, prompting church authorities to suspend all activities at the venue.
As a result of the fire outbreak, the Ofankor Seven Days Church auditorium has been closed indefinitely to allow for a full assessment of the damage, ensure the safety of congregants, and undertake necessary repair works.
In a video cited by KPDonline.net, the suspect is seen wearing a white outfit as she allegedly sprinkled the flammable substance before igniting the fire.
Speaking on the incident via the video releasd, Pastor Elvis Agyemang, who is also the leader of Grace Mountain Ministry (GMM), stated that the act was a deliberate attempt to burn down the church auditorium.
He noted that although the incident is unfortunate, it will not halt the ministry’s activities.
“Somebody wanted to burn down the auditorium. Look at that. So please, if you come here today, it may not be open tomorrow. But one thing is certain, it won’t stop us. We will fix the place, and prayer will still go on.”
He further explained that the ministry has previously encountered similar incidents, which he believes are attempts to disrupt their prayer activities. According to him, last year, another individual entered the auditorium and blew a powdered substance from her mouth. He said church members were prevented from entering the space at the time, and prayers were conducted to sanctify the altar.
“Many times, when people hear something has happened, they rush to the auditorium to pray, and that is what the devil is afraid of. That is why he sends such attacks. Last year, someone also came here and blew a powdered substance from her mouth. We stopped people from going near the auditorium and prayed, sanctifying the altar with the power of God.”
Pastor Elvis added that despite these challenges, the church remains resolute and committed to continuing its spiritual activities, stressing that such acts will not deter the work of the ministry.
-
Sports5 days ago2026 FIFA World Cup: President Mahama tasks supporters to return immediately after the tournament
-
Entertainment7 days ago[EDITORIAL] Praised in Victory, Crucified in Defeat: The Ghanaian Fanbase Paradox
-
Business6 days agoThirdWell launches Inclusive Business Centre to support Accredited Inclusive Businesses in Ghana
-
Entertainment5 days agoSONA: GH¢20m for Film Sector, GH¢20m for Creative Industries — Mahama Announces Major Investment
-
Entertainment2 days agoTHE INSIDE STORY: Why President Mahama Revoked Gideon Nii Aryeequaye’s Appointment as Executive Secretary of the Creative Arts Agency
-
Sports1 week agoBREAKING: Salary Crisis hits Tension at Eleven Wonders Camp for the second time
-
General News2 weeks agoMahama: We’ll increase efforts to clean polluted water bodies and reclaim mined lands
-
General News1 week agoPolice Arrest Two in Agona Swedru With 209 Slabs of Suspected Narcotics, Reject GH₵100,000 Bribe
