News
Government to use petroleum revenue to fund Accra-Kumasi expressway – Ato Forson
Finance Minister, Cassiel Ato Forson, says government will no longer borrow money to finance the Accra-Kumasi Expressway project, as it plans to use petroleum revenues and mineral royalties to fund major infrastructure projects.
Speaking at the Ishmael Yamson and Associates Business Roundtable held on Thursday at the Kempiski Gold Coast Hotel, Dr. Forson said the decision forms part of government’s “Big Push” agenda aimed at improving road infrastructure across the country.
According to him, government has earmarked about 4.5 billion cedis in this year’s budget for road infrastructure development, with a strong focus on major projects.
He explained that in the past, oil revenues were spread across several activities that did not directly support infrastructure development.
“We have changed the law. We have said that Ghana’s oil revenue should only be used for infrastructure projects,” he stated.
Dr. Forson said government now intends to dedicate petroleum revenues to one major project over a fixed period to ensure prudent use of state resources.
He disclosed that government raised nearly 500 million dollars from oil revenues last year and secured another 500 million dollars from mineral royalties following the rise in global gold prices.
According to him, the two revenue sources provided about one billion dollars, which is being used to finance the Accra-Kumasi Expressway project.
The Finance Minister noted that government expects to generate an additional 1.5 billion dollars this year, bringing the total available funds for the project to about 2.5 billion dollars over two years.
He said the Accra-Kumasi Expressway is expected to cost about 4 billion dollars, adding that government plans to fully finance the project without borrowing.
“We will fund it without borrowing,” he stressed.
Dr. Forson criticised past spending practices, saying portions of oil revenue were previously used for activities such as travel, conferences and other recurrent expenses instead of development projects.
He said government has stopped such practices and will instead focus on major infrastructure projects that will benefit the country in the long term.
According to him, after the completion of the Accra-Kumasi Expressway, government will identify another major infrastructure project for funding through the same approach.
By: Jacob Aggrey
The National Media Commission has appointed Dr Isaac Okpoti Nai as the new Managing Director of New Times Corporation, publishers of Ghanaian Times and The Spectator newspapers.
In an engagement with staff of the Corporation today, June 5, 2026, Dr.Nai, expressed his appreciation to everyone for holding the forth and contributing to the growth of the company.
He said, his leadership philosophy is based on professionalism, integrity and team work.
The new Managing Director said, he will be on a journey which would require everyone to take ‘ownership’.
” You need to work as though the company belongs to you. You are not doing it for me, take ownership, let’s work as a team,” he stressed.
With this, he said “we will be able to grow and sustain NTC. Let’s respect deadline and time.”
Dr.Nai pleaded with the staff to play their roles effectively to add value to NTC.
The Board led by Prof Kwamena Kwansah-Aidoo expressed his excitement and wished the new MD and staff well in the years ahead.
The Chairperson of the Interim Management Committee, Dr.Charity Binka urged the staff to give the new MD their utmost support to help him succeed.
The appointment dated June 5, 2026, was done by the National Media Commission (NMC) In consultation with His Excellency the President of Ghana.
The appointment is in accordance with Article 168 of the 1992 Constitution of the Republic of Ghana and section 2(1)(e) of the National Media Commission Act, 1994 (Act 449).
Dr. Isaac Okpoti Nai is a management executive, academic, and corporate leader with over 25 years of professional experience spanning financial management, corporate governance, strategic planning, internal audit, risk management, and organisational development across Ghana and the United Kingdom,.
Before this appointment, Dr. Nai served as General Manager, Finance and Administration at the State Housing Company Limited.
Dr.Nai has held senior leadership positions with the Ghana Integrity Initiative (Transparency International Ghana), Central Region Development Commission, London Borough of Croydon, London Borough of Merton and Ananemantey & Co. His experience covers both public and private sector institutions, including donor-funded organizations, local government authorities, financial institutions, and higher education establishments.
As an academic, he has lectured in Accounting, Finance, Taxation, and Management, contributing to the development of future business leaders and professionals.
Dr. Nai holds a Doctor of Business Administration (Financial Management) from Anglia Ruskin University, United Kingdom, an MBA in Finance and Strategic Management from the University of Greenwich, and a B.Sc. (Hons) in Accounting from Oxford Brookes University. He is a Fellow of the Association of Chartered Certified Accountants (FCCA) and a member of the Institute of Chartered Accountants, Ghana (ICA).
Throughout his career, Dr. Nai has been recognised for strengthening financial controls, improving organisational performance, leading transformational initiatives, and providing strategic leadership that delivers sustainable growth and value creation.
By Edem Mensah-Tsotorme
News
MomsConnectGH marks Mental Health Awareness Day and Mother’s Day with donation to Accra Psychiatric Hospital
As part of activities to commemorate Mental Health Awareness Day and Mother’s Day, MomsConnectGH last Saturday organised a donation drive to the Accra Psychiatric Hospital under its outreach initiative, The Hannah Project.
The initiative formed part of the organisation’s broader commitment to supporting vulnerable groups in society while creating awareness around mental health challenges, particularly those affecting women and mothers.
The donation included essential supplies and welfare items for patients at the hospital.
Speaking during the donation, Co-Partner of MomsConnectGH, Elizabeth Owusu-Boadi, said the initiative was inspired by the need to show compassion and support to people facing mental health challenges, especially women and mothers.
She noted that many women continue to struggle silently with mental health conditions such as postpartum depression.
“Postpartum depression is one of the mental health issues many women go through, yet it is not spoken about enough. Many mothers suffer in silence because of stigma, lack of awareness, and limited support systems,” she said.
Mrs Owusu-Boadi explained that the decision to visit the Accra Psychiatric Hospital was intentional and aimed at reminding patients that they are loved, valued, and not forgotten.
“We wanted to come here not just with donations, but with kindness, hope, and support for the patients and staff here,” she added.
She also called on the government, civil society organisations, and private institutions to increase support for psychiatric healthcare facilities across the country.
“Mental healthcare is just as important as physical healthcare. We all have a role to play in supporting mental health institutions and creating more awareness around these issues,” she stated.
Head of Public Relations at the Accra Psychiatric Hospital, Dr Peggy Asiedu Ekremet, thanked MomsConnectGH for the gesture and encouraged the public to pay more attention to mental health.
“Mental health issues can affect anyone. Seeking help is a sign of strength and not weakness. We encourage people to speak up and seek professional support when they need it,” she said.
MomsConnectGH said The Hannah Project forms part of its broader mission to build a supportive community for mothers while impacting lives positively through outreach and wellness initiatives.
The group also expressed appreciation to all individuals, partners, and organisations who contributed to the success of the donation exercise.
