General News
SONA: Cocoa Sector Reforms Necessary Despite Painful Impact — Mahama
President John Dramani Mahama has defended the government’s decision to revise the producer price of cocoa, describing the move as a necessary economic reform aimed at stabilizing the sector and protecting Ghana’s long-term financial future, despite the short-term challenges it may create for farmers.
Addressing Parliament during the State of the Nation Address (SONA), President Mahama acknowledged the concerns of cocoa farmers following the price adjustment but stressed that the decision was unavoidable due to liquidity pressures in the sector.
“In the last week, we have had to take the painful but necessary decision to revise the producer price of cocoa to achieve competitive pricing and resolve the acute liquidity challenges in the sector,” President Mahama stated.
He explained that the government faced a difficult economic choice, noting that failure to implement the reforms would have forced the country into additional borrowing, potentially worsening Ghana’s debt situation.
“Failure to do this would have meant borrowing billions in borrowed funds. This unplanned expenditure would have taken us right back to the very devastating economic problem we have only recently begun to escape,” he said.
President Mahama further revealed that previous economic challenges had placed significant financial strain on the national budget, making prudent fiscal management essential to sustain economic recovery.
He assured cocoa farmers that the reforms are not intended to disadvantage them but rather to ensure sustainable and fair returns for their labour.
“While fully understanding the concerns and protests of our farmers, I can firmly assure them that the reforms announced by government will see a total transformation of the cocoa sector,” he said.
According to the President, the restructured pricing system will provide greater transparency and help farmers maintain decent profit margins while covering the cost of production.
“It will guarantee them a fair and transparent price that enables them to meet the cost of producing the commodity and making decent margins,” he added.
President Mahama emphasized that economic leadership requires making tough decisions to protect the broader population from future hardship.
“The difference between economic hardship and avoiding the same is the exercise of sound economic judgment. And I’m determined to take decisions that ensure our collective well-being and avoid the suffering of all our citizens,” he stated.
He acknowledged that the reforms may be unpopular in the short term but insisted they were necessary to secure Ghana’s economic transformation and ensure the sustainability of the cocoa sector, which remains a key contributor to foreign exchange earnings and rural livelihoods.
“These are difficult decisions to take, but I had to take them,” he concluded.
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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