News
Ghana’s debt hits GH¢761bn, Amin Adam blames Cedi depreciation
The Minister of Finance Dr.Amin Adam has disclosed that as of July 31, 2024, Ghana’s provisional nominal central government debt stood at GH¢761.1 billion.
According to him, to the minister, this is equivalent to US$51.1 billion.
The minister made these revelations during the monthly Economic Update at the Finance Ministry in Accra on Thursday.
This figure marks a nominal increase from the previous amount of GH¢587.7 billion, which was equivalent to US$53.5 billion.
He explained that the increase in cedi terms and the decrease in US dollar terms are largely attributed to the depreciation of the cedi.
“As of July 31, 2024, Ghana’s provisional nominal central government debt stood at GH¢761.1 billion, equivalent to US$51.1 billion. This represents a nominal increase from the previous amount of GH¢587.7 billion, equivalent to US$53.5 billion,” he noted.
He concluded by adding that “The increase in cedi terms and decrease in US dollar terms is attributed to a combination of factors, including cedi depreciation, disbursements from multilateral institutions, and domestic financing of the budget.”
By Edem Mensah-Tsotorme
News
Upper West Regional Police Command secures conviction against notorious robbers
The Upper West Regional Police Command is pleased to announce the conviction and sentencing of Abdulai Ibrahim alias Baba, 34 (Driver Mate) and Abdulai Kipo, 36 (Butcher), for their involvement in conspiracy to commit crimes to wit robbery and robbery.
The duo were found guilty and sentenced to 28 and 18 years imprisonment in Hard Labour, respectively.
The accused persons were implicated in a series of robberies across the Napogbakole, Danko, SSNIT, and Konta areas of the Wa Municipality.
Their arrest and conviction were made possible through intelligence-led investigations and meticulous gathering of evidence by the Regional Police Intelligence Directorate.
The conviction and sentencing were carried out at the Wa Circuit Court, presided over by His Honour Jonathan Avoogo.
The court’s verdict underscores the Command’s commitment to ensuring justice and safety in the region.
The Upper West Regional Police Command reaffirms its determination to make the region safe for peaceful coexistence and will continue to work tirelessly to combat crime and protect its residents.
News
Police arrest two suspects for possession of suspected narcotic substance at Ayi Mensah
The Ghana Police Service has arrested two suspects for possession of eleven (11) large compressed sacks of a substance suspected to be narcotics at Ayi Mensah in the Greater Accra Region.
The suspects, Mathew Narkotey and Augustine Teye, were arrested by a team from the National Operations Department (NOD) on June 7, 2025 during routine patrols. The suspects were onboard a Mazda pick-up truck with registration number GT 3490-P when a search uncovered the suspected narcotic substance concealed in the vehicle.
The vehicle and the suspected substances have been impounded and are currently secured at the Joint Operations Centre for evidential purposes.
Both suspects are in police custody assisting with investigations, while efforts are underway to arrest one Martey, named by the suspects as the intended recipient of the consignment.
