General News
Mahama Announces Post-IMF Economic Reset, Targets 1% of GDP for Key Investments
President John Dramani Mahama has announced that Ghana has officially transitioned out of its International Monetary Fund (IMF) programme and is now entering a new phase of economic policy focused on domestic-led growth, fiscal discipline, and targeted strategic investments.
Speaking during a meeting with the Northern Regional House of Chiefs at the Presidency, President Mahama described the development as a “policy reset moment” aimed at strengthening Ghana’s long-term economic resilience and reducing dependence on external support frameworks.
“We’ve concluded the IMF programme, and we are now moving into a policy coordinating instrument that creates space for strategic national investments,” President Mahama said.
He explained that under the new framework, government will commit approximately 1% of Gross Domestic Product (GDP) to priority sectors designed to stimulate productivity, create jobs, and expand infrastructure. Key among these areas, he noted, is commercial agriculture and agro-processing.
According to him, the agriculture sector remains central to the government’s post-IMF strategy, particularly in regions with vast arable land and strong production potential.
“One of the areas that has been identified is commercial agriculture. We have vast arable lands, especially in the northern parts of the country, and this will be a major focus for large-scale investment and agro-industrial development,” he said.
President Mahama added that the policy shift is intended to ensure more efficient use of public resources, stronger coordination of development programmes, and improved accountability in project implementation.
He also emphasised that the new approach would prioritise value for money and measurable outcomes, particularly in infrastructure and productive sectors of the economy.
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.
General News
Wontumi Was the Target, Not the Real Culprit – Ex-Lawyer Breaks Silence, Urges Appeal Against 20-Year Jail Term
Former legal counsel for Charles Antwi Boasiako, popularly known as Chairman Wontumi, has questioned the basis of his former client’s conviction and 20-year prison sentence, arguing that the punishment raises serious legal concerns and should be challenged on appeal.
In an exclusive interview after the judgment, lawyer Ohene Amankwaa Gyan described the conviction as a “sad day,” saying he was deeply disappointed by the outcome.
“I have heard people celebrate the conviction as a deterrent to illegal mining, but I question whether the actual culprit has been punished,” he said.
The lawyer queried the presence of the man who at the court openly admitted involvement in activities linked to the Samleboi enclave, he believes there are unanswered questions about whether the real perpetrators of the alleged illegal mining operations were held accountable.
He further questioned whether his former client had become the main target of the prosecution.
“Does it mean Wontumi was the target rather than the real culprit? Does it mean other persons could go untouched just to incriminate him,” he stated.
Ohene Amankwaa Gyan revealed that he is dissatisfied with the court’s judgment and has advised Wontumi’s current legal team to file an appeal against both the conviction and the sentence.
He disclosed that while he was still part of the defence team, they filed an appeal after the trial judge issued a submission of no case to answer, but said the application had not yet been determined.
Expressing optimism, the lawyer said a fresh appeal could produce a favourable outcome if pursued diligently.
Addressing claims that he withdrew from the case because he anticipated defeat, the former counsel dismissed the speculation, insisting that no lawyer could predict a judge’s final decision.
He explained that his withdrawal was solely based on his client’s own decision and not because he foresaw a losing case.
He added that any appeal would likely challenge both the conviction and the sentence, with possible outcomes including the quashing of the conviction, a reduction of the prison term, or even an enhancement of the sentence, depending on the appellate court’s findings.
Despite the uncertainty, the former lawyer maintained that he remains hopeful Wontumi could obtain a positive outcome if his lawyers proceed with an appeal. has advised Wontumi’s current legal team to file an appeal against both the conviction and the sentence.
He disclosed that while he was still part of the defence team, they filed an appeal after the trial judge dismissed their submission of no case to answer, but said the application had not yet been determined.
Expressing optimism, the lawyer said a fresh appeal could produce a favourable outcome if pursued diligently.
Addressing claims that he withdrew from the case because he anticipated defeat, the former counsel dismissed the speculation, insisting that no lawyer could predict a judge’s final decision.
He explained that his withdrawal was solely based on his client’s own decision and not because he foresaw a losing case.
He added that any appeal would likely challenge both the conviction and the sentence, with possible outcomes including the quashing of the conviction, a reduction of the prison term, or even an enhancement of the sentence, depending on the appellate court’s findings.
Despite the uncertainty, the former lawyer maintained that he remains hopeful Wontumi could obtain a positive outcome if his lawyers proceed with an appeal.
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