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
Family of late Nana Konadu Agyeman-Rawlings thank Ghanaians, invites tributes to celebrate her legacy
The Agyeman-Rawlings and allied families have expressed heartfelt gratitude to Ghanaians and friends around the world for the immense love and sympathy shown following the sudden passing of Mrs. Nana Konadu Agyeman-Rawlings, former First Lady of the Republic of Ghana.
Nana Konadu Agyeman-Rawlings passed away on Thursday, October 23, 2025.
In an announcement, the family invited individuals, groups, and institutions who wish to honour her memory to submit tributes via email to TRIBUTES@NANAKONADU.ORG.
They encouraged friends and well-wishers to share their personal experiences, photographs, videos, and memories of how the late former First Lady touched their lives through her work.
According to the family, those who prefer to submit hard copies may deliver their tributes and photos to Trudy at the Office of Former President Rawlings, located at No. 1 Sekou Toure Link, Ridge, near the Ridge Hospital.
The family urged that all tributes be submitted within two weeks of the announcement.
The family expressed appreciation for the continued prayers, kind words, and support they have received during this difficult period.
By: Jacob Aggrey
The Minister for Youth Development and Empowerment, George Opare Addo, says government will build rehabilitation centers across the country to tackle rising cases of drug and opioid abuse among the youth.
He explained that the centers will not be set up solely to address betting addiction, as reported earlier, but to help young people struggling with substance use and mental health challenges.
According to him, government-owned rehabilitation facilities are few, making it hard for victims to access proper care.
Mr. Opare Addo urged betting companies and other private organizations to support the project as part of their corporate social responsibility.
He said the initiative aims to give young people the help they need to overcome addiction and live productive lives.
By: Jacob Aggrey
