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Gov’t Pays $700m Eurobond Ahead of Schedule, Cedi Records First Monthly Gain and Other Big Stories in Ghana Today

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Happy Monday! We have curated the most relevant and impactful stories from across Ghana for you wherever you may be. Enjoy.

Gov’t Pays $700m Eurobond Bill Ahead of Schedule, Total Hits $2.1bn

The Government of Ghana has settled approximately $700 million in Eurobond payments ahead of schedule, bringing total payments to Eurobond holders to $2.1 billion since January 2025. The latest payment, made on Thursday, included $525.2 million in principal and $174.8 million in interest.

Officials say the transaction was executed through planned financing arrangements without undue pressure on foreign exchange reserves. The move is expected to strengthen investor confidence in Ghana’s debt management. Read the full story here

BoG Injects $2.01bn into Forex Market as Cedi Records First Monthly Gain of 2026

The Bank of Ghana injected $2.01 billion into the foreign exchange market in June to support the cedi, which recorded its first monthly appreciation of 3.30% against the US dollar this year. The interventions included $1.2 billion through the Forex Intermediation Program and $811 million via direct FX support.

Despite the June rebound, the cedi has still depreciated by 7.9% year-to-date. The BoG plans to auction $1 billion in July. Read the full story here

Interior Ministry Warns of Possible Flooding in Greater Accra Ahead of Monday Rains

The Ministry of the Interior has issued an emergency weather alert warning of moderate rainfall expected in Greater Accra between 4:00 a.m. and 7:00 a.m. on Monday, with a 40% probability of occurrence. Residents in low-lying areas have been urged to take precautions to avoid flooding.

The alert follows recent devastating floods and comes as the region remains on high alert for further rainfall. Read the full story here

Carlos Queiroz Leaves Ghana Job, Calls for Stronger Off-Field Structures for Black Stars

Outgoing Black Stars coach Carlos Queiroz has bid farewell to Ghana after the team’s exit from the 2026 FIFA World Cup. In an emotional message, he emphasized the need for stronger institutional support and off-field structures to develop Ghanaian football talent.

Queiroz expressed pride in the progress made but noted “healthy dissatisfaction” with the results achieved. Read the full story here

5. Woman Found Dead in Container Shop; Mother Unconscious, 12-Year-Old in Critical Condition

A 26-year-old woman, Freda Agyeiwaa Benson, was found dead inside a container shop at Effiduase Airport in the Eastern Region. Her mother, Leticia Bamfoa, was discovered unconscious, while a 12-year-old girl, Juliet, was in critical condition and vomiting blood.

The victims had spent the night in the shop after preparing food for a wedding. Preliminary tests have ruled out food poisoning, and further investigations, including an autopsy, are ongoing. Read the full story here

Intra-African Trade Faces US$120bn Annual Finance Gap – Report

A new report has highlighted a US$120 billion annual finance gap hindering intra-African trade, despite the potential of the African Continental Free Trade Area (AfCFTA). The gap limits the ability of businesses to capitalize on opportunities created by the trade agreement.

The findings underscore the need for increased investment and innovative financing mechanisms to boost trade across the continent. Read the full story here

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Top Headlines From Ghanaian Newspapers: Wednesday, August 26, 2025

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The August 26, 2026, front pages of Ghanaian newspapers highlight the upcoming NPP internal elections and the disputed financial loss scandal concerning the GoldBod.

🗳️ NPP Internal Elections & Party Politics

  • The Chronicle: “Afoko: I’ll Work With Bawumia … To Win 2028”
  • The Custodian & The NewsCentra: “Afoko Files For NPP Chairmanship” / “Afoko files, pledges inclusive leadership”
  • Daily Guide: “Assuah Backs Boakye Agyarko For NPP National Chairman” and “Let’s Give Bawumia United Party To Win 2028 Election – Afoko”
  • The Ghanaian Publisher: “Agyarko Files For NPP Chair”
  • Republic Press, The National Voice, & The Daily Banner: “Wontumi Quits NPP Chairmanship Race” / “Wontumi Withdraws From NPP National Chairmanship Race”
  • The Source: “NPP Organiser Race: Titus-Glover Files, Accra Chairmen Back Him”
  • The Voiceless: “Musah Superior Writes; Who Really Led The NPP To Victory In 2016?” (A defense of John Boadu’s role over Paul Afoko’s).

💰 The GoldBod & GH¢22bn ($1.7bn) Loss Saga

  • The Custodian, Daily Guide, & Supreme Newspaper: “NPP Demands Full Account of $1.7 Billion GoldBod, BoG Losses”
  • The Daily Gist & Republic Press: “GoldBod Is Broke After BoG Exit” / “Probe GoldBod $1.7bn Losses – CPS Demands”
  • The Daily Gist & The Custodian: “Afenyo-Markin Sues Sammy Gyamfi” / “Osahen Drags Sammy Gyamfi, Others To Court For Character Assassination”
  • The Informer: “Afenyo-Markin Dares Accusers”
  • The Inquisitor: “BANKS LINE UP FOR GOLDBOD” (Financing Gold Purchase)
  • The Metro Lens: “GOLDBOD Bans Doré Exports”
  • The New Crusading Guide: “GoldBod Orders Self-Financing Aggregators: Refine Gold Doré Here Or Don’t Export”
  • The Daily Searchlight: “BoG/GOLDBOD $1.7B LOSS – WE WILL NOT STOP SPEAKING! – NPP”
  • The Meridian: “NPP Chases Goldbod Over $1.7bn Black Hole”
  • The NewsCentra, Daily Banner, & The National Voice: “Parliament to probe GH¢22bn gold ‘loss’ – Bagbin”

⚖️ Legal, Parliament & Security

  • Daily Guide & Republic Press: “Zenator Rawlings, Ayariga Face MPs Grilling” / “No Break For Adu Boahene! …As Judge Rejects Akyea’s Plea”
  • The Accra Times & The Source: “NATIONAL SECURITY BOSS Calls For Tougher, Neutral Enforcement” / “National Security 1 Step Ahead”
  • The New Crusading Guide: “VIGILANTE GROUPS CHANGE TACTICS… Rebranding, Now Use Encrypted Social Media Networks – National Security Warns”
  • The Informer: “IMF Warns Ghana Against Complacency”

🛡️ Religious & Social Issues

  • The Daily Statesman, The Meridian, The Source, The National Voice, & The Daily Banner: “LET’S STOP WEAPONISING RELIGION FOR POLITICAL GAIN” / “Political Abuse Threatens Ghana’s Religious Peace – Hamid”
  • The Accra Times: “Bulisa North MCE Condemns Alleged Military Brutality” and “New UniMAC SRC Boss Pledges Accountable And Inclusive Leadership”
  • Supreme Newspaper: “Adoteiman Chief Alleges Brutal Assault”

🏥 Health, Environment & Economy

  • Daily Graphic: “Stroke rises among men aged 30-49 – Health expert”
  • The Ghanaian Times: “Nation’s road deaths hit 35-year high” (2,949 killed on roads in 2025) and “7 arrested in Ashanti narcotics crackdown”
  • Business & Financial Times (B&FT): “GNPC on track for Q4 drilling in Voltaian Basin” and “IMF debt assessments failed to fully capture mounting crisis”
  • The Informer: “Tackle Galamsey; Don’t Over Celebrate GoldBod Gains”
  • The Daily Statesman: “CADEG welcomes GAC entry into Ghana’s automotive market”

⛏️ Corporate & Mining

  • The Chronicle & The NewsCentra: “Goldfields Seeks Fair Treatment From Ghana” / “Gold Fields Pleads Fairness” (regarding the Tarkwa Lease renewal)
  • The Inquisitor: “Mahama Calls For Stronger Health Regulation To Protect Patients Across Africa”

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Government Deploys Military to Mallam in High-Stakes Bid to End Perennial Flooding

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The government has launched a major military-led operation to reclaim the Lafa water retention basin at Mallam, deploying the 48 Engineer Regiment of the Ghana Armed Forces in a high-stakes effort to break the cycle of perennial flooding that has devastated communities in Mallam, Weija, Blue Lagoon, Dansoman and surrounding areas for years.

The intervention, which involves breaking up tonnes of compacted solid waste and dredging heavily silted sediment from the basin, comes nearly two months after torrential rains on June 29 triggered catastrophic flooding across the Greater Accra Region.

The exercise is being coordinated by the Post-Flood Mitigation Task Force, led by the Deputy Chief of Staff in charge of Operations, Mr Stan Xoese Dogbe.

“We are dealing with decades of deliberate dumping,” said Ing. Richard Kofi Amekor, Head of Drainage at the Ghana Hydrological Authority. “Solid waste, boulders and laterite have been tipped into this basin for years. The reservoir is so heavily silted that rainwater could not flow into it naturally, causing backflow that swamped Blue Lagoon, the Mallam-Gbawe corridor and parts of Dansoman.”

According to Ing. Amekor, the Lafa stream originates from Mallam-Gbawe Zero and passes through Santa Maria, Atieku, Pallas Town, Alhaji Tabora and McCarthy Hill before draining into the basin and eventually into the sea. But the obstruction of the basin turned the watercourse into a death trap during the June downpour.

The military engineers face an arduous task. Brigadier General Richard Kinney, Commander of the 14 Engineer Brigade, revealed that the waste had been capped with laterite over the years to create land for illegal sale and development, making excavation particularly difficult.

“Our immediate task is to loosen the compacted material before removal. To minimise traffic disruptions, all haulage of excavated debris will be undertaken at night to the designated landfill site at Nsawam,” Brig. Gen. Kinney stated. He added that the entire dredging and evacuation exercise is expected to take several months.

Beyond the dredging, officials are calling for a more permanent solution: the demolition of all illegal structures erected within the water retention area. Ing. Amekor noted that buildings constructed inside the basin have substantially reduced its storage capacity.

“Once the illegal structures are removed, the Hydrological Authority will work with the Weija-Gbawe Municipal Assembly to secure the banks and ensure continuous monitoring,” he said, warning that restoration of the basin will significantly reduce flooding impacts, though it may not eliminate flooding entirely due to the area’s topography and upstream runoff.

Brigadier General Forster Okae-Yeboah, Director General of Joint Operations of the Ghana Armed Forces and Coordinator of the Flood Mitigation Works, confirmed that the Mallam operation is part of a wider, nationwide offensive. Similar dredging works are ongoing at Oyarifa, East Legon and the Kpeshie Lagoon, while work will begin next week around the Kpeshie-Laboma Beach enclave to reopen the channel linking the lagoon to the sea.

“Government has fulfilled its commitment by providing funding and equipment for this exercise, but we appeal to the private sector to support this nationwide initiative,” Brig. Gen. Okae-Yeboah said.

He stressed that military action alone would not solve Ghana’s flooding crisis without sustained public cooperation.

“Residents must stop dumping refuse into the basin and encroachers must vacate immediately. Only by protecting our waterways can we protect lives and property,” he admonished.

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‘We Need Factories’: Ato Forson Calls on China to Invest in Ghana’s Industrial Future

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Finance Minister Cassiel Ato Forson is calling for a shift in Ghana’s economic relationship with China, arguing that the country needs investment in factories, technology and local industries rather than a trade structure dominated by the export of raw materials.

Forson made the case as Ghana and China opened the Fifth Session of the Ghana–China Joint Commission on Economic, Trade and Technical Cooperation, where he urged both countries to embrace a new approach centred on value addition, industrial investment, technology transfer and job creation.

While China remains Ghana’s largest trading partner, Forson said the structure of that relationship must evolve to ensure more of the wealth generated from Ghanaian resources remains within the country.

“Ghana’s priority is to process more of what we produce and export more value-added goods, including processed cocoa, to China,” Forson said.

His message amounted to a broader call for investment that helps Ghana build its productive capacity at home.

“We are also seeking investments that build factories, transfer technology, support Ghanaian businesses, train our people and create sustainable jobs,” he added.

A trade relationship marked by imbalance

The call comes as trade between Ghana and China continues to grow. Bilateral trade reached a record $14.1 billion in 2025, representing a 19.3% increase from the previous year.

But the figures also highlight a longstanding imbalance. In 2024, China exported about $9.844 billion worth of goods to Ghana, compared with roughly $1.992 billion in Ghanaian exports to China.

China’s exports have included machinery, electrical equipment, textiles and steel, while Ghana’s exports have largely consisted of commodities such as crude oil, manganese ore and cocoa beans.

Forson’s argument is that Ghana must move further up the value chain — processing its own resources and agricultural products before they leave the country rather than importing higher-value finished goods.

For a country whose economy has long relied heavily on commodity exports, the push for domestic processing could also mean more opportunities for manufacturing and employment.

China opens its market — but can Ghana capitalize?

The renewed focus on industrialisation comes as China expands market access for African exporters. Beginning May 1, 2026, China extended zero-tariff treatment to products from 53 African countries with which it has diplomatic relations, including Ghana.

The policy could create new opportunities for Ghanaian businesses, but expanded access alone may not solve the country’s trade imbalance if Ghana continues to export primarily unprocessed materials.

Forson’s remarks suggest Ghana is seeking to pair greater access to the Chinese market with investments that can strengthen domestic supply chains and help local companies produce more finished goods.

At the continental level, the challenge is similarly pronounced. Trade between China and Africa reached a record $348.05 billion in 2025, but Chinese exports substantially exceeded imports from African countries, leaving the continent with a significant trade deficit.

Ghana seeks investment beyond extraction

Chinese investment is already spread across several sectors of Ghana’s economy, including mining, energy, manufacturing and construction. But as Ghana pursues broader economic transformation, officials are increasingly stressing investments that bring technology, skills and long-term industrial capacity alongside capital.

Chinese Assistant Minister for Commerce Zhang Li acknowledged Ghana’s economic recovery and expressed China’s commitment to deepening cooperation, including through industrialisation and economic transformation.

For Forson, however, the message was clear: Ghana’s future trade strategy cannot simply be about selling more raw materials abroad.

It must also be about building the factories and industries capable of turning Ghanaian resources into higher-value products — and creating sustainable jobs in the process.

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