News
Domestic Debt Exchange: This is the most expensive economic recovery in history- Prof. Bokpin
Economist and Prof of Finance, Prof. Godfred Bokpin has asserted that the apology from the Minister of Finance, Dr.Amin Adam means nothing in the face of challenges ahead.
According to the Prof of Finance, “In our history, this is the pricy and most expensive economic recovery.”
He said when you look at the data “let’s not joke about it, it is going to take us decades to get out of this.”
Speaking to Evans Mensah on Joy News, he said at this present rate and the level of governance on the table, nothing is going to change.
“If you look at the domestic debt exchange and external debt restructuring it is just to buy space while the IMF programme is in force,” he said.
Prof. Bokpin shockingly revealed that after 2026, there is no way the country will sustain its debt and optimally allocate funds to priority spending in the area of education, health, education, agriculture in the manner that it will benefit Ghanaians.
“If you look at the energy sector shortfalls, if you do the forecast and the maturity clustering of the DDE, we are looking at more GH₵ 33billion in 2027, about GH₵37 billion in 2028, how will the country prepare for that?,” he queried.
He concluded that “If you are thinking of setting up a sinking fund, there is a trade off, if you look at the growth projection from now to 2029, it is insufficient.”
By Edem Mensah-Tsotorme
Minister for Local Government, Chieftaincy and Religious Affairs, Ahmed Ibrahim, has revealed that in the whole of 2024, only GHS 362 million was released to MMDAs in Common Fund.
Contrary to this, In 2025 alone GHS 5 billion was released to the MMDAs with the following breakdown as follows.
The Minister made this revelation when he took his turn at the Government Accountability Series held today.
In breakdown, the minister nonted that 1st Quarter – 790,372,058.40 was released for 2025.
He added that for the 2nd Quarter, 1,464,983,309.60 was released.
3rd Quarter saw the release of 1,188,921,640.80 and
1,592,706,391.20 for 4th Quarter.
The Minister added tha each of the MMDAs were required to undertake the following; at least 2-CHPS compounds, 3 Classroom blocks, 10 Boreholes, and Completion of legacy projects.
Additionally, 25% of the Common Fund was allocated for the Construction of 24-Hour Economy Model Markets.
Ahmed Ibrahim noted that as a result of the timely and unprecedented release of Funds, a total of 494 CHPS compounds, 761 Classroom Blocks, 4,029 Boreholes, and 2,755 Legacy projects are currently at various stages of completion.
Also, he added that 261 24-Hour Economy Model Markets have all been awarded on contracts and construction has begun on many of them.
By Edem Mensah-Tsotorme
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.
