Ghana News
Ghana Restores World Bank Guarantee in Major Fiscal Turnaround
In a landmark achievement signaling Ghana’s commitment to fiscal discipline and energy sector stability, President John Dramani Mahama’s administration has announced the complete clearance of $1.47 billion in inherited energy debts within its first year in office.
This comprehensive debt settlement includes restoring the World Bank’s $500 million Partial Risk Guarantee for the Sankofa Gas Project, a move that averts potential sector collapse and rebuilds international investor confidence.
The announcement, detailed in an official statement from the Ministry of Finance, reveals that the government repaid $597.15 million (including interest) drawn on the World Bank guarantee between 2023 and 2024.
Additionally, outstanding invoices totaling $480 million to ENI and Vitol for natural gas supplies have been settled, alongside $393 million disbursed to Independent Power Producers (IPPs) such as Karpowership, Cenpower, and Sunon Asogli.
These payments form part of a broader “energy sector reset” strategy, which also involves renegotiating power purchase agreements and implementing a Cash Waterfall Mechanism to ensure transparent revenue allocation and prevent future arrears.
The restoration of the World Bank guarantee, which had been at risk of permanent revocation, is expected to unlock further international financing for infrastructure projects.
This fiscal milestone aligns with Ghana’s broader economic recovery efforts, including efforts to exit the International Monetary Fund’s (IMF) Extended Credit Facility by mid-2026. Analysts from global institutions like the IMF and World Bank have praised the progress, projecting that these reforms could reduce energy costs, enhance electricity access, and support industrial expansion.
However, opposition voices, including from the New Patriotic Party (NPP), have questioned the long-term sustainability, arguing that underlying issues like over-reliance on imported fuels persist.
The energy sector’s revitalization is crucial for Ghana, where power outages have historically hampered economic productivity. With domestic gas production from fields like Sankofa now prioritized, officials anticipate a shift toward energy self-sufficiency, potentially lowering tariffs and boosting GDP growth forecasted at 4-5.6% for 2026.
Ghana News
Ghana Ties Rice Imports to Local Production, Komfo Anokye Teaching Hospital Halts Emergency Admissions, and Other Big Stories in Ghana Today
These are the most relevant and impactful stories from across Ghana today, presented as concise updates on key developments across the country.
Government to Tie Rice Imports to Local Production in Major Policy Shift
The Ghanaian government is set to introduce a significant policy linking rice import permits directly to investments in local rice production and milling facilities. This move by the Ministry of Agriculture aims to boost domestic farming, reduce the country’s growing rice import bill, and accelerate progress toward food self-sufficiency. Read the full story here
Edem Senanu Questions Procedural Lapses in Anti-LGBTQ+ Bill Process
Chairman of Advocates for Christ, Edem Senanu, has raised concerns over how Parliament’s House of Records handled the Human Sexual Rights and Family Values Bill, questioning procedural and drafting issues that emerged after its passage. Read the full story here
Sheikh Shaibu Warns Against Politicising Anti-LGBTQ+ Bill
Spokesperson for the National Chief Imam, Sheikh Aremeyaw Shaibu, has cautioned the NDC and NPP against turning the anti-LGBTQ+ bill into a political contest, stressing that Ghana already has a broad national consensus on the matter rooted in cultural and religious values. Read the full story here
Honest Ghanaian Rewarded GH¢10,000 for Returning Lost ATM Cash
Fidelity Bank has rewarded Emmanuel Appiah Boateng with GH¢10,000 for his honesty after he returned GH¢4,000 he found left behind at one of its ATMs. Read the full story here
Nigel Gaisie Files GH¢10m Defamation Suit Against Kumchacha
Prophet Nigel Gaisie has sued Prophet Nicholas Osei (Kumchacha) for GH¢10 million over alleged defamatory statements questioning his prophetic ministry. Read the full story here
680 Ghanaians to Be Evacuated from South Africa Amid Xenophobia Concerns
The Ghana High Commission in South Africa has announced plans to evacuate 680 Ghanaians (340 on June 6 and 340 on June 7, 2026) due to xenophobia-related safety issues. Read the full story here
Free SHS Suppliers to Picket at Education Ministry Over GH¢50m Debt
The National Association of Institutional Suppliers (NAIS) will picket at the Ministry of Education on June 11, 2026, over unpaid debts of approximately GH¢50 million for supplies delivered under the Free Senior High School programme since 2023. Read the full story here
Komfo Anokye Teaching Hospital Halts Emergency Admissions
The Komfo Anokye Teaching Hospital (KATH) in Kumasi has temporarily halted new emergency admissions after its Accident and Emergency ward exceeded capacity due to overwhelming patient numbers. Read the full story here
15 dead, 25 injured in head-on collision at Peki-Tsame
At least 15 people have been confirmed dead and 25 others injured following a devastating head-on collision between a container truck and a passenger bus at Peki-Tsame in the Volta Region. The fatal accident occurred in the early hours of Tuesday, 2 June 2026, near the premises of Peki Senior High School, prompting an emergency response from personnel of the Ghana National Fire Service (GNFS). Read the full story here
Ghana News
Today’s Newspaper Headlines: Wednesday, June 3, 2026
Wednesday, June 3, 2026. Stay informed with today’s front pages of Ghanaian newspapers, all in one place.




















Ghana News
Is the UN Losing Its Legitimacy? Ghana’s President Says Permanent Security Council Bias ‘Eats Away’ Trust
The continued exclusion of Africa from permanent seats on the United Nations Security Council is not merely a procedural flaw but a structural imbalance that is systematically eroding the credibility of the multilateral system, Ghana’s President John Dramani Mahama warned on Monday.
Speaking at Chatham House, the London-based international affairs think tank, Mahama argued that the UN’s primary decision-making body risks becoming untenable as a steward of global peace and security if it fails to reflect the demographic and political realities of the 21st century.
“This is not nearly a procedural anomaly,” Mahama said. “It is a historical injustice and a structural imbalance that undermines the credibility of the multilateral system itself.”
The president’s remarks come as the UN Security Council (UNSC) remains composed of five permanent members (P5) – the United States, the United Kingdom, France, Russia, and China – all of which were Allied powers in World War II.
Africa, home to 54 UN member states, the largest regional bloc in the organization, holds no permanent seat and only three non-permanent seats that rotate every two years.
Mahama noted that the representational gap is poised to become more pronounced as global demographics shift. According to UN population projections, Africa will account for nearly a quarter of the world’s population by 2050.
“This eats away at the trust in the system,” a senior official from the Ghanaian presidency later summarized, reinforcing Mahama’s central thesis that legitimacy in global governance requires equitable participation.
The Ghanaian leader affirmed that his government would continue to advocate for “comprehensive reform” of the UN, including permanent, veto-wielding seats for African nations.
The African Union has long pushed for a common position known as the Ezulwini Consensus, which demands at least two permanent seats for the continent, with the same powers and responsibilities as current P5 members.
However, Mahama’s critique extended beyond the Security Council. He linked the UN’s representational crisis to what he described as parallel failures in the international financial architecture. He argued that debt vulnerabilities across the Global South are not isolated fiscal challenges but structural development constraints that limit investment in health, education, infrastructure, climate adaptation, and industrial transformation.
“The international debt system must therefore become fairer, more flexible and more development-focused,” Mahama said.
He also called for reforms to global taxation frameworks, asserting that developing economies should derive equitable value from economic activity generated within their jurisdictions. A stable international order, he warned, cannot be sustained while prosperity remains structurally unequal.
To illustrate the tangible cost of such inequality, Mahama pointed to the COVID-19 pandemic. African nations, he said, discovered that access to vaccines and essential medical supplies depended not on the urgency of public health need but on their position within the global supply hierarchy. That experience, he noted, directly prompted Ghana to launch the Accra Reset Initiative – a strategic framework designed to move Africa and the Global South from dependency toward resilience, and from passive participation toward active agenda-setting in global governance.
President Mahama concluded by rejecting any characterization of Ghana as a passive observer of the changes reshaping the international order.
“We see ourselves as active participants in shaping a more balanced, equitable, and cooperative international system,” he said.
No immediate response was issued by the permanent members of the UN Security Council. Reform of the council requires an amendment to the UN Charter, which must be approved by two-thirds of the General Assembly and ratified by all five permanent members, each of whom holds a veto over their own status.
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