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Bawumia will design long-term framework to halt cedi depreciation – Stephen Amoah
The Deputy Minister of Finance, Dr Stephen Amoah, has intimated that the flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, will draft a long-term national framework that will fight and reverse the Cedi’s sharp depreciation against the US dollar if he is elected president.
The former Microfinance and Small Loans Centre (MASLOC) boss and MP for Nhyiaeso in a media interaction on Wednesday, May 28, said that the “Cedi depreciation is a ritual problem” that requires someone with an impressive financial background such as Dr. Bawumia to strengthen Ghana’s weak forex space.
Various trade unions and persons from the business community have been raising concerns lately with the unbridled fall of the Cedi against the US dollar, which they say is negatively affecting the cost of doing business, and have petitioned the government to find a lasting solution to the currency’s fall.
Dr. Amoah in an interview with Bernard Avle on the Citi Breakfast Show on Citi FM, urged Ghanaians to elect Dr. Bawumia as president come December 7 so that he can “design a long-term framework to deal with the Cedi [depreciation].”
He blamed the Cedi’s woes on excessive importation, adding that the government is currently finding solutions to stabilise it as a short-term approach.
“We are doing our best to stabilise the Cedi, which I said is a short-term approach, but we need a long-term approach to resolve the issue through a framework, and then I proposed that to achieve that, we will design a long-term approach when Dr Mahamudu Bawumia is elected president,” he said.
Source: Citinewsroom.com
The Ashanti South Regional Police Intelligence Directorate has arrested two suspects in connection with a robbery attack on an Indian national in Obuasi and a separately planned robbery operation targeting a distribution company in the same area.
On April 16, 2026, Police received credible intelligence that a group of armed men were planning an attack in Obuasi. A police team moved swiftly into the area and arrested suspect Iddrisu Fuseini, also known as “Iddi”, at his hideout in Bedieso, Obuasi.
During interrogation, he confessed to being part of a six-member gang that attacked an Indian national at his residence at New Baakoyeden, Obuasi, on April 12 2026, robbing him of GH₵150,000.00.
He disclosed that the attack was orchestrated following a tip-off from suspect Ibrahim, an employee of the victim, who informed the gang that the victim kept large sums of money.
Further investigations led to the arrest of a second suspect, Shaibu Mohammed, also known as “SM” or “Cicinati”, on 20th April 2026 at his hideout in Gausu, Obuasi. During interrogation, he admitted to participating in the planning of the robbery and confirmed that the gang had further planned to rob a distribution company near Mawuli Hotel in Obuasi.
Investigations have further revealed that both suspects are currently standing trial at the Obuasi Circuit Court in connection with a separate robbery of GH₵600,000.00.
A manhunt is ongoing to arrest the remaining accomplices, identified as Khalifa, Edward, Prof, Waddle, Ebbe, and Ibrahim, and to recover a pump action gun and a locally manufactured pistol believed to be in their possession.
The Inspector-General of Police (IGP), Mr. Christian Tetteh Yohuno, together with members of the Police Management Board (POMAB), on April 17, 2026, decorated nineteen (19) senior officers who have been promoted to their next ranks based on the recommendations of the Police Council and approval of the President, John Dramani Mahama.
The ceremony, held at the National Police Headquarters in Accra, forms part of efforts to recognise merit, dedication, and long-standing service within the Ghana Police Service, while strengthening leadership across key operational and administrative levels.
The officers promoted from Deputy Commissioner of Police (DCOP) to Commissioner of Police (COP) are Dr. Luke Asue-In-Yeng Zakpaa, Mr. Frederick Agyei, Mr. Duuti Tuaruka, Mr. Arthur Osei-Akoto, Mr. Darko Offei Lomotey, Mr. Eric Ken Winful, Mr. Barnabas Nambont Nasumong, and Mr. Desmond Owusu Boampong.
The IGP and members of POMAB congratulated the officers and urged them to uphold the highest standards of professionalism and integrity in the discharge of their duties.
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