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Ghana’s economy projected to exceed GH¢1 trillion in 2024 – Ofori-Atta
Ghana’s economy is anticipated to surpass GH¢1 trillion in 2024, according to the Finance Minister, Ken Ofori-Atta.
He revealed that, during President Akufo-Addo’s final year in office, the country’s economic value is projected to escalate from GH¢219.5 billion in 2016 to the historic milestone of GH¢1 trillion.
Addressing parliament on Wednesday, Ofori-Atta emphasized the significance of the 2024 Budget, stating, “Mr. Speaker, the 2024 Budget is even more significant because we will cross the GH¢1 trillion Gross Domestic Product (GDP) mark for the first time in our economic history. Let me repeat, Mr. Speaker, Ghana’s economy under President Akufo-Addo’s final year in office is projected to be valued at over GH¢1 trillion in 2024 from GH¢219.5 billion in 2016.
“Mr. Speaker, with such a milestone ahead of us, the Government is protecting, at all cost, the foundation for sustained economic expansion. A foundation that has been achieved through the sweat and patience of the Ghanaian people. We pledge to protect this for all our people and especially for private sector growth. And we shall do so by ensuring that the enabling factors are in place and accessible to all.
“These will include reliable energy supply, stable Cedi, lower inflation and lower interest rate regimes, access to private sector credit, infrastructure provision, food security, national security, and inter-continental market linkages through increasing active platforms such as the AfCFTA.”
The Finance Minister also shared that the government has allocated GH¢220 million to support the relief phase for communities affected by the Akosombo spillage and floods in the Oti, Savannah, and Bono-East Regions.
He outlined plans for the restoration phase, where additional resources from the Ministry of Agriculture would aid in rebuilding livelihoods.
In response to the crises, Ofori-Atta highlighted proactive measures, stating, “Mr. Speaker, the Government has budgeted an amount of GH¢220 million to support the relief phase for the communities affected by the Akosombo spillage as well as floods upstream in the Oti, Savannah, and Bono-East Regions. For the restoration phase, the Government through the Ministry of Agriculture will allocate additional resources to support the restoration of livelihoods.
“In addition, after the visit, the Ministry of Finance was quickened to respond. We have requested funding from the World Bank under the IDA Crisis Response Window (CRW) to support the resettlement of the victims, restoration of livelihoods, compensation and reconstruction of infrastructure in the affected communities.”
Source: Citinewsroom.com
Lawyer for Bernard Antwi Boasiako popularly known as Chairman Wontumi , Andy Appiah-Kubi, says case management proceedings involving three witnesses in the Samreboi case have been concluded, with the court expected to resume hearing on May 14, 2026.
Speaking to journalists after proceedings, Mr. Appiah-Kubi said the legal team had completed most of the required filings but still had a few additional witness statements to submit.
According to him, witness statements have already been prepared for Chairman Wontumi, Akonta Mining, Engineer Gomashi, and Mireku Duker.
“Today the business was for conference management and case management. We have finished it except that we have a few more witnesses to file their witness statements for,” he said.
He explained that the remaining witnesses are expected to sign their statements before the legal team files them in court.
“We intend to file them by tomorrow or Monday when the witnesses come to sign and read their witness statements,” he added.
Mr. Appiah-Kubi further noted that the court has adjourned the matter to May 14 for continuation of proceedings.
Chairman Wontumi and his co-accused are standing trial for allegedly transferring or assigning mining rights in respect of Akonta Mining’s Samreboi concession to a third party, Henry Okum, without approval from the Minister responsible for Mines, contrary to the Minerals and Mining Act.
By: Jacob Aggrey
The Ghana Police Service has arrested four suspected armed robbers following an intelligence-led operation in Bolgatanga in the Upper East Region.
The suspects, identified as Abdulai Ibrahim, Amadu Rahman, Amadu Sulemana, also known as Saaga, and Adu Yakubu, were arrested on May 5, 2026.
Investigations indicate that on 4th May 2026, the suspects converged at Gbane, a mining community in the Talensi District, after travelling from Yagaba and Fumbisi to carry out a robbery operation, during which they robbed four motorbikes and several mobile phones.
During interrogation, the suspects admitted to a series of robberies within the Talensi District, along the Yagaba Fumbisi road and the Yagaba-Nanguruma road in the North East Region.
They also confessed to a robbery at the Vikandi Phone Shop in Bolgatanga on 22nd March 2025, which was captured in a viral video in which they were seen wielding an AK47 assault rifle.
They further admitted to multiple robberies at Gbane mining sites, where gold and large sums of money were taken from victims.
The suspects later led Police to a farm near Biung, close to Gbane, where the gang leader, Amadu Rahman, had concealed an AK47 rifle.
A search of the area led to the retrieval of the rifle, with serial number 68100563, and eighty-seven (87) rounds of live ammunition hidden in a fertilizer sack.
During the search to retrieve the weapon, suspect Amadu Rahman collapsed and was rushed to the Bolgatanga Regional Hospital but was pronounced dead on arrival.
His body has been deposited at the hospital morgue for preservation and autopsy.
The remaining three suspects are in Police custody and will be put before court to face the full rigours of the law.
