Hot!
BoG has printed ¢22b without parliamentary approval – Ato Forson alleges
Former Deputy Finance Minister, Dr. Cassiel Ato Forson has accused the government of encouraging the Bank of Ghana to print an amount of GH¢22 billion without Parliamentary approval.
According to him, the fresh currency notes were printed between January and June 2022.
The information, according to Dr Forson, is hidden on page 97 of Appendix 2a of the Mid-year budget under the section on Bank of Ghana.
“They have printed GH¢22 billion fresh money without the knowledge of Parliament and without informing all of us,” he said while addressing the press on Monday.
The Ranking Member on the Finance Committee of Parliament said the act is illegal and against the Bank of Ghana Act.
He indicated that the printing of the currencies has contributed to the rise in inflation, adding that “if this trend continues I won’t be surprised that we will end the year with inflation of about 50 percent.”
“I am saddened, no wonder inflation is galloping, no wonder that our reserves position is dwindling. Because when you create new money out of the thin air, what happens is that inflation will go up and obviously because it is new money, you will end up losing your reserves because there would be new consumption,” he said.
As a result, he urged the Minister to return and deliver a new mid-year budget since the omission of the GH¢22 billion cedis is pervasive and scandalous.
He also had a word for the Governor of the Bank of Ghana.
“I want to urge the Governor of the central bank that he has engaged in gross illegality and in future if he is asked to print money, he should first come to Parliament before he acts.”
Source: www.myjoyonline.com
Entertainment
Breaking News: Daddy Lumba is dead – Family announces
Ghanaian music legend Charles Kojo Fosu, popularly known as Daddy Lumba, has died.
His family confirmed the sad news in a press release issued on Saturday, saying the 60-year-old passed away earlier in the day after a short illness.
“It is with profound sorrow and deep grief that the Fosu family announces the passing of Ghana’s beloved musical icon,” the statement read.
Daddy Lumba was one of Ghana’s most celebrated highlife musicians. With a career spanning more than three decades, his songs touched millions, telling stories of love, pain, joy, and hope.
He was known for his powerful voice, emotional lyrics, and unique style that made him a household name across the country and beyond.
“His soulful voice provided the soundtrack to our love stories, and his poignant lyrics captured the poetry of our struggles, dreams, and resilience,” the family said.
The family has asked for privacy as they mourn their loss and promised to announce funeral arrangements in the coming days.
The statement was signed by Fati Ali Yallah, a lawyer from Baba Jamal & Associates, on behalf of the Fosu family.
Fans, fellow musicians, and Ghanaians across the country have started pouring out tributes on social media, remembering Daddy Lumba’s unmatched contribution to Ghanaian music.
Entertainment
Edem’s debut album gets praise from Sarkodie
Ghanaian rap star Sarkodie has celebrated fellow artiste Edem for his groundbreaking debut album “The Volta Regime”, calling it one of the greatest albums in Ghana’s music history.
In a heartfelt social media post, Sarkodie, whose real name is Michael Owusu Addo, reflected on the first time he heard Edem rap.
He said he was instantly impressed and knew Edem would have a serious impact on the music scene.
“I remember when I first encountered my brother Edem, I came back home to tell one of my hommies that this guy will have a serious impact on the music scene,”
“He was like naa because of the language barrier. I said I don’t hear language, I hear greatness. Big up my brother, you are still on my favourite emcee list.” Sarkodie wrote.
Edem, born Denning Edem Hotor, released The Volta Regime in 2009. The album boldly embraced the Ewe language and featured collaborations with top Ghanaian artists including Tinny, Kwabena Kwabena, and Jeremie Van-Garshong.
Despite initial doubts about how well Ewe rap would perform commercially, the album proved to be a major success and introduced a new wave of local-language hip-hop.
Songs like Bra Fre Me, Nyorvuviade, and the powerful Intro helped establish Edem’s lyrical prowess and cemented his place as a unique voice in the Ghanaian music industry.
At a time when the local scene was dominated by Twi and Ga-speaking rappers, Edem’s success broke barriers and made it clear that talent speaks louder than language.
His impact opened doors for more linguistic diversity in hiplife and hip-hop music across the country.
Sarkodie’s tribute is especially meaningful because both artists emerged around the same period. Sarkodie’s own debut album Makye also dropped in 2009, and the two have long shown mutual respect for each other’s craft.
Today, over 15 years after its release, The Volta Regime continues to inspire fans and artists alike. It remains a symbol of bold originality and cultural pride.
Edem has since released several projects and remains an active voice in Ghanaian music and youth advocacy. His legacy is a reminder that true greatness is not limited by language.
