General News
Radiant Media proposes 60-day national petroleum reserve to cushion Ghanaians against oil shocks
Emmanuel Duah, Executive Director of Radiant Media and Intelligence Hub, has proposed the establishment of a National Petroleum Reserve Buffer (NPRB) to protect Ghanaian consumers from sharp increases in fuel prices triggered by global crude oil price shocks and supply disruptions.
According to Emmanuel Duah, the proposed reserve would provide Ghana with a dedicated and auditable stock of refined petroleum products that could be released into the domestic market when international crude prices surge or major external disruptions threaten fuel supply.
In an energy security proposal, Mr Duah said Ghana may not be able to control international developments such as conflicts, attacks on oil infrastructure or disruptions along major shipping routes, but the country can strengthen its ability to absorb the resulting economic shock.
He described the situation as one where “the crisis is external, but the pain is local.”
Emmanuel Duah’s proposal comes against the backdrop of significant volatility on the international crude oil market.
The proposal notes that Brent crude had risen to $108.77 per barrel, a four-month high, with physical crude cargoes in Europe trading above $130 per barrel.
It cited North Sea Forties crude trading at about $136.75 per barrel, approaching the previous high of $147.37.
Mr Duah attributed the international price pressure to external developments, including the escalating US-Iran conflict, attacks affecting oil infrastructure, disruptions to oil production in Libya and threats to shipping through the Red Sea.
According to Emmanuel Duah, sustained increases in global crude prices could quickly translate into higher petroleum prices in Ghana.
He warned that the resulting pressure could affect pump prices, the Ghanaian cedi, transport fares and inflation.
“Ghana cannot control the Strait of Hormuz, but Ghana can control its buffer,” Mr Duah stated in the proposal.
He therefore wants Ghana to establish a strategic stock that can be deployed during periods of extreme international price volatility.
Under the proposal, the National Petroleum Reserve Buffer would be a sovereign strategic stock held strictly for national energy security and consumer protection.
Mr Duah stressed that the reserve should not be treated as additional stock for BOST’s normal commercial trading operations.
Instead, the petroleum products would be held specifically for emergency market intervention.
The proposal recommends maintaining:
- 45 days of petrol consumption
- 45 days of diesel consumption
- 30 days of LPG consumption
The stocks would be distributed across BOST’s six depots at Accra Plains, Kumasi, Buipe, Bolgatanga, Maame Water and Takoradi.
The proposal puts the combined storage capacity of the facilities at 760,000 cubic metres or more.
BOST would remain responsible for custody, storage and maintenance of the strategic stock but would not be allowed to trade the reserve commercially.
Emmanuel Duah is proposing the creation of a National Petroleum Reserve Committee (NPRC) under the proposed Modern NPA Act, 2026.
The committee would be chaired by the Minister for Energy and Green Transition, while the Chief Executive of BOST Energies would serve as Vice-Chair.
Other proposed members include representatives from:
- National Petroleum Authority
- Bank of Ghana
- National Security
- Ministry of Finance
- Energy Commission
- Chamber of Oil Marketing Companies
- Consumer Protection Agency
The NPA Chief Executive would serve as secretary and regulator, while BOST would act as the technical operator and custodian.
Mr Duah describes the proposed arrangement as “minister-led but not minister-controlled.”
To prevent political abuse or unilateral decisions, Emmanuel Duah proposes that any decision to release reserve stocks should require a two-thirds majority of the National Petroleum Reserve Committee.
He also proposes that every release decision be published in the Ghana Gazette within 24 hours, including the volume released and the anticipated price impact.
According to Mr Duah, the arrangement would provide greater transparency and accountability while limiting the possibility of arbitrary interventions.
Emmanuel Duah’s proposal calls for a financing structure that would not impose a new tax or levy on consumers.
The proposed funding model is:
- 30% from a ring-fenced portion of BOST’s existing margin
- 40% from a windfall mechanism
- 20% from the ESLA Stabilisation portion
- 10% from private-sector participation by members of the Chamber of Bulk Oil Distributors
Under the proposed windfall mechanism, when BOST’s annual trading profit exceeds GH¢500 million, 10% of the amount would be directed towards acquiring strategic petroleum stocks.
Mr Duah cited BOST’s reported GH¢683.96 million profit in 2025 as an indication of the potential financing base.
The proposal also calls for clearly defined conditions for releasing petroleum products from the reserve.
The first proposed trigger would be activated when the 30-day average Brent crude price exceeds $100 per barrel.
The second would apply when Ghana’s ex-pump petrol price crosses GH¢15.50 per litre.
The third would be triggered when the NPA declares a supply disruption resulting from an external shock, such as a major interruption in supplies or a disruption along a key international shipping route.
When the triggers are met, BOST would release the buffer stock at a subsidised ex-depot price.
The difference between the market price and the subsidised price would be absorbed by the proposed Buffer Fund, rather than by oil marketing companies.
Mr Duah argues that this structure would allow the price relief to reach consumers directly.
Emmanuel Duah also proposes that Ghana should restock the reserve once international crude prices ease.
Under his proposal, when Brent crude remains below $85 per barrel for 30 consecutive days, the reserve would begin to be replenished.
The mechanism is intended to allow Ghana to build up stocks during relatively favourable market conditions and deploy them during periods of severe price pressure.
A major element of Mr Duah’s proposal is the need to maintain BOST’s financial strength and commercial independence.
He argues that BOST’s commercial operations should remain separate from the strategic reserve so that the company can continue generating profits that could contribute to national energy security.
He cited BOST’s reported GH¢683.96 million profit in 2025 and GH¢34.2 million dividend payment to the government as evidence of the company’s ability to generate revenue.
Under the proposed framework, BOST would be the custodian and technical operator, NPA would regulate the reserve, the Energy Minister-led committee would make strategic release decisions, and Parliament would provide oversight.
Emmanuel Duah’s proposal also points to strategic petroleum reserves maintained or planned by other countries.
It cites the United States Strategic Petroleum Reserve, India’s Indian Strategic Petroleum Reserves Limited (ISPRL) and Kenya’s plans for a strategic reserve.
Mr Duah believes Ghana could establish itself as a regional leader in energy security by maintaining a 60-day petroleum buffer.
According to the proposal, a strategic reserve could help reduce the immediate impact of major increases in international crude prices.
Mr Duah estimates that if crude prices rise from approximately $80 to $130 per barrel, a reserve release could potentially reduce the increase in Ghanaian pump prices by between GH¢2 and GH¢3 per litre for 45 to 60 days.
He argues that such intervention could help cushion consumers, transport operators and businesses while limiting the impact of fuel-price increases on the cost of transporting food and other goods.
The proposal also suggests that the reserve could help prevent panic buying and shortages during major supply disruptions.
Mr Duah further argues that reducing the immediate transmission of global oil-price shocks into the domestic economy could give the Bank of Ghana additional room to manage pressure on the cedi.
Emmanuel Duah is therefore calling for the proposed Modern NPA Act, 2026 to provide a legal framework for establishing the National Petroleum Reserve Buffer.
Under his proposed arrangement, the Energy Minister-led committee would make strategic decisions, BOST would operate and safeguard the reserve, NPA would regulate it, and Parliament would provide oversight.
Mr Duah says the system would give Ghana a structured mechanism for responding to international oil-price shocks rather than allowing every external increase to be transmitted immediately to local consumers.
His proposal is based on the view that while Ghana cannot control international conflicts or disruptions to major oil supply routes, it can strengthen its domestic capacity to absorb their economic effects.
As Mr Duah puts it: “Ghana cannot stop missiles in Hormuz, but Ghana can stop the full missile hitting the Ghanaian consumer.”
General News
Meta Removes 3.7 Million Accounts in Major West African Fraud Crackdown
Meta has removed more than 3.7 million accounts, pages and groups from Facebook and Instagram as part of a major international operation targeting online fraud networks operating in West Africa and targeting victims in the United States, the United Kingdom and other countries.
The coordinated crackdown, announced on October 13, 2026, brought together major technology companies and law enforcement agencies from several countries to disrupt criminal networks involved in online scams.
According to announcements by Meta and the United States Department of Justice, the operation targeted suspected scam centres and associated digital infrastructure in West African countries, including Ghana and Nigeria. Microsoft and other technology companies also took action against suspected fraudulent activity.
The operation involved cooperation between the UK’s National Crime Agency, the FBI, the US Department of Justice and other law enforcement partners, alongside private-sector technology and financial intelligence firms.
Arrests and Victims Rescued
Authorities reported that 28 individuals had been arrested and 117 people who had been trafficked and held at scam centres were rescued. The rescued individuals were found in Ghana, where investigators said criminal groups had forced victims to work in scam operations.
The operation also generated investigative leads concerning more than 30 suspected scam centres. Information shared among participating companies and law enforcement agencies is expected to support further investigations into the networks and the people directing them.
The findings highlight the complex nature of organised online fraud, in which people forced to carry out scams may themselves be victims of trafficking and coercion.
Different Types of Online Fraud Identified
Investigators identified several forms of suspected fraud linked to the networks, including fraudulent investment schemes, cryptocurrency scams, fake job and task offers, romance scams and schemes involving individuals impersonating police officers, government officials or military personnel.
In some cases, fraudsters reportedly created false online identities to establish trust with their targets before persuading them to transfer money. Other schemes involved fake online shops, goods that were never delivered and offers to recover money previously lost to scams.
These tactics can exploit victims’ trust, financial pressures and desire for investment opportunities or employment.
Technology Companies and Police Coordinate Efforts
The operation, which began during the week of October 6, involved the exchange of intelligence across digital platforms, financial systems and national borders.
Participating companies used information gathered through their own investigations and information shared by law enforcement agencies to identify suspected accounts and related criminal infrastructure. Meta said the removal of more than 3.7 million accounts, pages and groups was part of a broader effort to disrupt the networks rather than simply remove individual pieces of content.
The US Department of Justice also reported that private-sector partners identified more than US$11 million in funds that could potentially be frozen. Cryptocurrency-related intelligence and other financial leads were among the information generated during the operation.
Implications for Ghana and West Africa
The crackdown places renewed attention on the regional impact of organised online fraud. Although victims may live thousands of kilometres from the people running the schemes, the activities can damage public confidence in digital services, expose individuals to substantial financial losses and create serious risks for people recruited or trafficked into scam centres.
For Ghana, the reported rescue of 117 trafficked individuals also underscores the importance of distinguishing between people organising criminal operations and those allegedly forced to participate in them.
Authorities and technology companies face the continuing challenge of identifying networks that can move between countries, change accounts quickly and exploit legitimate communication and payment services.
Public Advised to Remain Vigilant
Users are encouraged to be cautious about unsolicited investment offers, online relationships that quickly lead to requests for money, job opportunities requiring upfront payments and messages from people claiming to represent law enforcement agencies.
People should verify investment firms and recruiters independently, avoid sharing financial credentials and report suspicious accounts through the relevant platform. Anyone who suspects they have been defrauded should contact their financial institution and appropriate law enforcement authorities as soon as possible.
The latest operation demonstrates the scale of international cooperation required to disrupt online fraud. However, the removal of millions of accounts does not mean the threat has disappeared, and continued coordination, victim support and public awareness will remain essential.
Sources: Meta Newsroom and the US Department of Justice, October 13, 2026.
General News
Sammy Gyamfi’s Lawyer Explains Why Afenyo-Markin’s GH¢15m Suit Was Dismissed
Lawyers for Ghana Gold Board (GoldBod) Chief Executive Officer Sammy Gyamfi have successfully challenged the legal validity of a GH¢15 million defamation suit filed against him by Minority Leader Alexander Afenyo-Markin, resulting in the High Court striking out the case.
The High Court’s General Jurisdiction 1 division ruled on Wednesday, October 14, 2026, that the writ of summons filed by Mr Afenyo-Markin was defective because it failed to meet mandatory procedural requirements governing defamation actions.
The dispute arose from public exchanges between the two over reported losses of US$1.7 billion associated with the Bank of Ghana’s Domestic Gold Purchase Programme in 2025. Mr Gyamfi had accused the Minority Leader of attempted extortion, allegations Mr Afenyo-Markin rejected before initiating the GH¢15 million lawsuit.
According to the legal arguments advanced by Mr Gyamfi’s lawyers, the writ did not contain sufficient particulars of the allegedly defamatory publication as required under Order 57 Rule 2 of the High Court (Civil Procedure) Rules, 2004 (C.I. 47).
The court agreed that the requirement was mandatory and not merely a technical formality. It held that the particulars must be clearly endorsed on the writ to enable the allegedly defamatory publication to be identified.
The judge also rejected the argument that details contained in the statement of claim could remedy the defect. In distinguishing an earlier case, Owusu Domena v Amoh, the court noted that Mr Gyamfi’s lawyers had promptly challenged the writ rather than proceeding with the case without objection.
The court subsequently set aside the writ of summons and statement of claim filed on August 24, 2026, with no order as to costs.
However, the ruling does not establish whether the statements at the centre of the dispute were defamatory. Rather, it addresses the procedural validity of the lawsuit.
The decision brings the proceedings under the defective writ to an end, while leaving the substantive allegations unresolved.
General News
Former PMMC MD Defends Audit Record, Says 2020–2024 Audits Were Requested in 2024
Former Managing Director of the Precious Minerals Marketing Company (PMMC), Nana Akwasi Awuah, has defended his record following concerns over the auditing of the company’s accounts for the period between 2020 and 2024, insisting that he formally requested a multi-year audit in September 2024.
In a press release dated Tuesday, October 13, 2026, Mr Awuah said claims that the audit process was initiated only in 2025 did not accurately reflect the steps taken during his tenure as managing director.
His response follows a report from Parliament’s Public Accounts Committee engagement with the Ghana Gold Board (GOLDBOD), which indicated that PMMC’s books and accounts for the five-year period had not been audited and that the new management requested a financial audit in 2025.
Mr Awuah stated that on September 2, 2024, he wrote to the Auditor-General requesting a multi-year audit of PMMC’s accounts covering 2020 to 2024.
According to him, the delay in conducting the audits was not attributable to management but rather to bureaucratic challenges associated with appointing a new external auditor through the Ghana Audit Service.
He also disclosed that during his tenure, PMMC underwent a performance audit conducted by the Auditor-General in 2023, describing it as the first of its kind in approximately two decades.
The former managing director further indicated that Parliament’s Select Committee on State Enterprises had written to the Auditor-General in support of his request for the multi-year audits.
He said a team was subsequently assembled in September 2024 to commence the exercise, with the final audit reports for 2020 to 2024 completed, signed and submitted in April and June 2025, respectively.
Mr Awuah added that the reports portrayed PMMC as a struggling institution that had been turned around by the end of 2024, laying the foundation for the establishment of its successor, GOLDBOD.
His statement seeks to clarify the timeline of the audit process as scrutiny of the institution’s financial records continues.
General News
Torrential Rains Kill Two in Libya’s Tripoli as Floodwaters Swamp Roads and Vehicles
TRIPOLI, LIBYA — October 14, 2026
At least two people have died after torrential rainfall triggered widespread flooding in Tripoli, the Libyan capital, disrupting movement across parts of the city and prompting precautionary electricity cuts in affected areas.
The heavy downpours struck on Tuesday, October 13, with local authorities and emergency responders reporting fatalities linked to the flooding. The incident has renewed concerns about the city’s ability to cope with sudden, intense rainfall.
According to reports from authorities and local media, one of the victims was an employee of Jumhouria Bank who died following an electric shock. The Tripoli branch of the Libyan Red Crescent said it recovered his body during the flooding.
Rescue teams also recovered the body of another man from a vehicle submerged in floodwater, according to local television reports.
Floodwaters disrupt transport and threaten homes
The rainfall lasted approximately two and a half hours, according to Fadel Abu Arqoub, the mayor of Central Tripoli, who described the situation as catastrophic.
Floodwater inundated roads and submerged numerous vehicles, leaving parts of the city struggling with the effects of the sudden downpour. Eyewitness accounts described extensive water accumulation across streets and other urban areas.
The state-owned electricity company said it had cut power in some locations as a precaution after rising water reached residential properties. The measure was intended to reduce risks associated with electricity in flooded areas.
Emergency response activated
The flooding has placed pressure on local services responsible for drainage, public safety and emergency assistance. Clearing accumulated rainwater and restoring access to affected roads are among the immediate priorities following the downpour.
The two confirmed deaths also highlight the dangers associated with severe urban flooding, particularly when water comes into contact with electrical infrastructure or traps people inside submerged vehicles.
Questions over urban flood preparedness
The latest incident raises questions about drainage capacity and emergency preparedness in Libya’s capital as intense rainfall overwhelms parts of the urban environment.
The scale of the disruption demonstrates how quickly heavy rain can become a public-safety emergency, affecting transport, residential areas and essential services within a short period.
Further official information would be needed to establish the full extent of the damage, the number of neighbourhoods affected and whether additional casualties or injuries were reported.
General News
White House Faces Legal Challenge Over Restrictions on Journalists
By Angel No Lie | KPDOnline| WASHINGTON, October 14, 2026 | US Politics and Media
A federal judge has extended protections allowing journalists from CNN, MS NOW and Politico to retain access to the White House while their legal challenge against the Trump administration continues.
US District Judge Timothy Kelly issued a preliminary injunction on Tuesday, October 13, finding that the three news organisations were likely to succeed in arguing that the administration’s decision to revoke their press credentials violated constitutional protections. The order prevents the administration from enforcing the ban while the case proceeds, unless it is overturned on appeal.
Dispute began with White House press restrictions
The dispute began on September 18, when President Donald Trump announced that the three outlets would be barred from the White House, accusing them of publishing inaccurate reporting.
The affected news organisations subsequently challenged the decision in court, arguing that the restrictions amounted to retaliation for their journalism and discrimination based on their editorial viewpoints.
They also contended that the administration had violated their constitutional rights by revoking their press credentials without providing adequate notice or an opportunity to challenge the decision.
Judge questions the administration’s justification
Judge Kelly had previously intervened on September 24, temporarily restoring the journalists’ access while the lawsuit continued.
His latest ruling provides more durable protection than the earlier temporary order. The preliminary injunction is intended to remain in effect during the litigation unless a higher court intervenes or the judge issues a final decision.
The administration had defended its actions by raising concerns about reporting accuracy and national security. However, the judge found that the news organisations had presented a strong preliminary case that the ban was unlawful. The ruling does not constitute a final judgment on the entire dispute.
Wider implications for press freedom
The case has renewed debate about the relationship between government officials and journalists covering the presidency.
White House access gives reporters opportunities to question administration officials, cover official announcements and inform the public about government decisions. Restrictions on that access can therefore raise concerns about transparency and the public’s ability to receive information.
At the same time, the administration maintains that it has legitimate concerns about reporting practices and the handling of sensitive information. The legal proceedings will help determine the extent to which those concerns can justify restricting journalists’ access to government premises.
The case also highlights the importance of procedural fairness when government authorities make decisions affecting press credentials and access.
What happens next?
The lawsuit remains unresolved, and the preliminary injunction does not settle every question about journalists’ access to presidential activities. Further court proceedings could determine whether the administration’s actions violated the First and Fifth Amendments to the US Constitution.
The outcome could have implications beyond the three organisations involved, particularly for the rules governing press access and the ability of journalists to report independently on the executive branch.
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