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Economy and development chair highlights positive economic outlook
The Chairman of the Economy and Development Committee, Dr. Eric Afful, has urged Ghanaians to embrace the current positive trend in the country’s economy.
He said doing so would help inform better decisions by households, businesses, and government, which is bound by a social contract with the people.
He pointed out to a steady decline in headline inflation, citing data from the Bank of Ghana.
According to him, inflation dropped by 2.6 percentage points to 21.2 percent in April 2025 and further to 18.3 percent in May 2025.
He noted that, this has led to a reduction in the prices of goods and services across the country.
He made this statement on the floor of the House when he was presenting highlights of the positive trend of the economy of Ghana.
He also referred to recent fiscal reports showing that as of the end of March 2025, Ghana’s public debt stood at GHS 769.4 billion, representing 55 percent of GDP.
This marks an improvement from December 2024, when the debt stock was GHS 726.7 billion or 61.8 percent of GDP.
Dr. Afful also highlighted the strong rebound of the cedi against major trading currencies, attributing the development to a combination of tight monetary policy and ongoing fiscal consolidation measures.
He encouraged Ghanaians to support the government in achieving the financial and economic targets outlined in the 2025 Budget Statement and Economic Policy.
The family of Ambassador James Victor Gbeho, a distinguished statesman and diplomat, has paid a courtesy call on President John Dramani Mahama. They officially informed him of his passing.
The delegation, representing the Gbeho family, noted that it was culturally and diplomatically important to formally notify the President of the loss before making a public announcement of his death.
Ambassador Gbeho was a towering figure in Ghanaian and international politics. He served in many diplomatic missions, including New York. He was Ghana’s Minister for Foreign Affairs, a Member of Parliament for the Anlo constituency, and President (formerly Executive Secretary) of the ECOWAS Commission.
He was widely respected for his role in regional integration and his contributions to global diplomacy at the United Nations.
President Mahama expressed his condolences and shared reflections on Ambassador Gbeho’s contributions to the country, West Africa and the world.
Funeral details will be announced later.
The Minister for the Interior, Muntaka Mohammed-Mubarak, has revoked all firearm permits in Ghana with immediate effect and announced a new registration process for all gun owners.
The minister made the announcement on Tuesday, June 23, at the information service department saying all individuals who currently hold licences to own firearms or sidearms must undergo a fresh registration process.
“From this afternoon, all permits that have been granted to any individual that you are holding a sidearm or firearm is hereby revoked,” Mr Muntaka said.
He explained that the government had identified gaps in the country’s firearm registration system and needed to introduce stricter measures to improve public safety.
“We are opening the window where everyone will have to come forward again to register or re-register the gun because we’ve changed the procedure,” he stated.
According to him, the government decided not to wait until the end of the year to make the changes because lives could still be saved within the next six months.
The Interior Minister said one of the new requirements would be mandatory mental health screening for applicants seeking firearm licences.
“We’ve seen that people with mental health have already gone through and have the sidearm. Now we are introducing mental health. Before we give you the sidearm, we have to be sure that you have the mental stability to hold the firearms,” he said.
Mr Muntaka also announced that applicants would be required to undergo drug tests before being granted licences.
“We’ve also realised that people who are on drugs are also holding their arms and they are legitimate because it’s been registered. Now you have to go through drug tests to be sure that you are not on drugs before you can hold sidearms,” he added.
The minister said the new measures form part of efforts by the government to tighten firearm control and prevent legally registered weapons from falling into the wrong hands.
He urged all firearm owners to cooperate with the new registration process once details of the exercise are announced.
By: Jacob Aggrey
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