Hot!
Minority urges BoG to channel part of sterilized funds into VCTF
- /home/u249204778/domains/spectator.com.gh/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://spectator.com.gh/wp-content/uploads/2025/08/WhatsApp-Image-2025-08-20-at-11.30.59.jpeg&description=Minority urges BoG to channel part of sterilized funds into VCTF', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/u249204778/domains/spectator.com.gh/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://spectator.com.gh/wp-content/uploads/2025/08/WhatsApp-Image-2025-08-20-at-11.30.59.jpeg&description=Minority urges BoG to channel part of sterilized funds into VCTF', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
The Minority has called on the Bank of Ghana (BoG) to channel part of the 60 billion cedis it has sterilized into the Venture Capital Trust Fund (VCTF) to support young entrepreneurs and businesses.
The Ranking Member on the Economy Committee in Parliament, Kojo Oppong Nkrumah, said the Central Bank admitted to mopping up over 60 billion cedis from the economy since January this year as part of measures to reduce inflation.
He explained that the sterilization programme was meant to control excess liquidity by withdrawing money from circulation.
However, he noted that while this may slow down demand and price increases, it also locks up huge sums of money that could otherwise support economic growth.
According to him, channeling part of the funds into the VCTF would provide equity support for young people and businesses with viable ideas.
Unlike bank loans, he saidthe VCTF offers equity investment without interest, making it easier for entrepreneurs to access capital.
Mr. Oppong Nkrumah maintained that investing sterilized funds in the VCTF and even in the stock market would help expand businesses, create jobs, and support innovation.
He urged government to consider this alternative strategy rather than relying only on the traditional approach of mopping up money to fight inflation.
By: Jacob Aggrey
The Tema Regional Police Command has arrested a 32-year-old man for allegedly posing as a soldier and extorting money from unsuspecting members of the public at Ashaiman.
The suspect, identified as Bright Atsu Kudiabor, was arrested by the Ashaiman Police on Wednesday, September 16, 2026, at about 7:00 a.m.
According to the Police, he was arrested at an area known as “I Shall Return”, where he was allegedly parading himself as a soldier and demanding money from people.
The Police said Kudiabor, who is an ex-convict, was initially arrested by personnel of the Ghana National Fire Service in Ashaiman with assistance from other members of the public.
A search conducted on him after he was handed over to the Police reportedly led to the recovery of a set of military camouflage uniform.
The suspect is currently in Police custody and assisting with investigations.
The Tema Regional Police Command said he would be processed for court after investigations are completed.
The Police urged the public to remain vigilant and report anyone who falsely presents themselves as a soldier or a member of another security agency to deceive or extort money from the public.
By: Jacob Aggrey
Volta Regional Minister, James Gunu, says the Volta Region holds enormous agricultural potential and efforts must be geared towards connecting farmers to the needed resources to unlock that potential.
He said focus must be on linking farmers to resources, technology, financing and markets to increase production, create jobs and build sustainable livelihoods.
Hon. Gunu made the remarks at the national launch of the Ghana Tomato Self-Sufficiency Initiative (GHATSI) held at Anloga in the Volta Region on Tuesday, September 15.
The initiative, under the theme “Produce at Home. Feed the Nation. Export the Surplus,” seeks to boost local tomato production, processing and marketing while reducing Ghana’s heavy reliance on imported tomatoes.
The launch was attended by the Minister for Food and Agriculture, Eric Opoku, his Deputy, John Setor Dumelo, Feed Ghana Coordinator, Bright Demordzi, Members of Parliament, traditional leaders, MMDCEs, farmers and other stakeholders.
Mr.Gunu expressed appreciation to the Minister for Food and Agriculture for the support announced for the region, including two excavators, 200 cartons of organic fertiliser, and GH¢200,000 for Ms. Kuatudzo Esther Dela, a tomato farmer and processor from Ziope.
He described the initiative as an important step towards making agriculture a stronger driver of food security, job creation and economic growth in the Volta Region.
By Edem Mensah-Tsotorme
