Business
Ghana Sees Revival of National Airlines as Catalyst for National Pride and Economic Reset
The planned restoration of Ghana Airways is being positioned as a strategic pillar of Ghana’s economic reset.
According to foreign affairs minister, Samuel Okudzeto Ablakwa, a revived national carrier will also be a renewed push to deepen ties with Africans in the diaspora.
Speaking at the closing session of the 2025 Diaspora Summit in Accra on Saturday, December 20, Mr. Ablakwa said the government’s decision to revive a national carrier is grounded in economic logic and a Pan-African development vision, rather than nostalgia.
He argued that the absence of a national airline has resulted in significant capital flight, particularly during major international events that attract large numbers of diaspora visitors.
The Minister noted that revenue from airline ticket purchases by visitors to Ghana often ends up in foreign economies, depriving the country of resources that could otherwise be reinvested locally. He pointed to the recent Diaspora Summit as an example, saying thousands of attendees travelled on foreign carriers, with the associated economic benefits flowing outside Ghana.
According to Mr. Ablakwa, the restoration of Ghana Airways would improve access to the country for Africans living abroad and enable targeted incentives such as discounted fares during national and Pan-African events. He said this approach would encourage more frequent travel, strengthen cultural bonds and increase diaspora participation in national development.
He disclosed that a technical committee set up by President John Dramani Mahama to assess the feasibility of restoring the airline is close to completing its work. The government, he stressed, is determined to ensure that any revived national carrier is sustainable, professionally managed and insulated from the structural challenges that undermined previous attempts at running a state airline.
Beyond transportation, Mr. Ablakwa described the initiative as a test of national confidence and institutional capacity, adding that a successful relaunch would signal Ghana’s ability to manage complex, capital-intensive public enterprises. He also linked the airline project to Ghana’s broader Pan-African agenda, saying improved air connectivity would help position the country as a key gateway between Africa and its global diaspora.
The Foreign Affairs Minister said the planned revival of Ghana Airways will complement other diaspora-focused measures, including the introduction of an e-visa policy in the first quarter of 2026. Under the proposed system, Africans in the diaspora are expected to benefit from special dispensations designed to make travel to Ghana easier and more affordable.
Mr. Ablakwa emphasised that the government’s economic reset agenda will advance alongside its pursuit of reparatory justice, noting that both priorities are mutually reinforcing. He said the overarching goal is to build a resilient national airline capable of competing effectively while advancing Ghana’s long-term economic, cultural and strategic interests across Africa and beyond.
Business
Ghana Nears Approval of Cannabis Licences as Country Prepares to Launch Regulated Industry
Accra, Ghana – Ghana’s Narcotics Control Commission (NACOC) is in the final stages of reviewing applications for cannabis licences, with successful applicants expected to receive approval to begin operations soon, marking a significant milestone in the country’s efforts to develop a legal and regulated cannabis sector.
Deputy Director-General for Enforcement, Control, and Elimination, Alexander Twum-Barimah, disclosed this while speaking at the Kwahu Business Forum on Saturday.
He emphasised that the review process has been “thorough and deliberate” to ensure that only applicants who fully meet all legal, regulatory, and security requirements are granted licences. NACOC officials engaged with potential investors at the forum’s exhibition stand, providing details on various licence categories, including cultivation, processing, distribution, and export.
Mr Twum-Barimah stressed that the commission is committed to building a properly regulated industry that creates legitimate economic opportunities while maintaining strict controls to prevent misuse and illegal activities.
“The goal is to strike a balance between enabling economic development and safeguarding public health and security,” he said.
All licence holders will be subject to ongoing monitoring and compliance checks.
The development signals Ghana’s intention to harness the economic potential of cannabis through job creation, investment, and export revenue, while aligning with international best practices in regulation. Further updates on the licensing process are expected in the coming weeks.
Business
3 Things Ghana is Doing to Reduce Fuel Prices Amid Global Uncertainty
Accra, Ghana – As global oil prices continue to surge due to the ongoing Middle East conflict, the Ghanaian government has announced immediate and practical measures aimed at cushioning citizens from the impact of rising fuel costs.
Following an emergency Cabinet session chaired by President John Dramani Mahama, the government outlined three key interventions focused on direct price relief, affordable public transportation, and cutting unnecessary government expenditure on fuel.
Here are the 3 major steps Ghana is taking:
1. Suspension of Selected Taxes and Margins on Fuel
Ministers of Finance and Energy have been directed to suspend certain taxes and margins in the next fuel pricing window. This temporary reduction, which will last for four weeks (subject to review based on developments in the Middle East and global crude prices), is expected to ease the burden on consumers and transporters.
2. Massive Expansion of Affordable Metro Mass Transit Buses
The Minister for Transport has been tasked with fast-tracking the deployment of 100 newly acquired Metro Mass Transit buses onto high-traffic routes across the country. These state-owned buses will maintain significantly lower fares compared to private operators, offering citizens a cheaper and more reliable alternative for daily commuting.
3. Strict Enforcement of Ban on Fuel Allocations for Government Officials
All Ministers and senior government appointees have been reminded to strictly comply with President Mahama’s earlier directive cancelling fuel allocations and allowances. This move is aimed at reducing government expenditure on fuel and demonstrating leadership in belt-tightening during these challenging times.
These interventions form part of the government’s broader strategy to protect the economy and citizens from external shocks while hoping for de-escalation in the Middle East conflict.
Business
Upcoming Super El Niño Threatens to Worsen Global Food Crisis Amid Iran Conflict
Climate scientists and food security experts are warning that a powerful “super El Niño” expected later in 2026 could significantly intensify global food price pressures already heightened by the ongoing Middle East conflict involving Iran.
According to US meteorologists, there is roughly a one-in-three chance of a strong El Niño forming between October and December, while European models suggest an even higher probability of an exceptionally strong event.
A “super El Niño” occurs when sea surface temperatures in the eastern Pacific rise at least 2°C above normal. This phenomenon typically triggers extreme weather patterns, including severe droughts in key agricultural regions, which can sharply reduce crop yields for commodities such as cocoa, rice, sugar, food oils, coffee, bananas, and soy.
The timing is particularly concerning because the Iran conflict has already disrupted global fertilizer supplies and shipping routes through the Strait of Hormuz, driving up costs for fuel and agricultural inputs. Analysts say the combination of war-induced supply shocks and El Niño-driven weather extremes could create a “double squeeze” on food production and prices. The United Nations World Food Program has cautioned that prolonged conflict and elevated oil prices could push the number of acutely food-insecure people globally significantly higher.
Dawid Heyl of Ninety One noted that while the Russia-Ukraine war affected food markets, the current situation is more worrying due to its direct impact on fertilizer production and availability.
He warned that overlapping negative factors — geopolitical disruption and strong El Niño conditions — could prove especially damaging for vulnerable countries in Africa, India, Australia, Brazil, and Argentina.
Experts state that long-term resilience will require greater investment in climate adaptation, diversified supply chains, and international cooperation to protect global food security as geopolitical and climate risks increasingly intersect.
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