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Government used over $4 Billion to stabilise the Cedi – Oppong Nkrumah reveals
Former Minister for Information, Kojo Oppong Nkrumah, has revealed that the government has used more than four billion dollars from the country’s reserves to help stabilise the Ghanaian cedi.
He explained that the government released the money onto the market to control the exchange rate and reduce pressure on the local currency.
According to him, this move helped the cedi to appreciate for some time and contributed to slowing down inflation.
Mr. Oppong Nkrumah said the decision formed part of broader measures by the government and the Bank of Ghana to bring down inflation, which now stands at 9.4 percent.
He added that when the cedi becomes stable, the prices of imported goods also stop rising quickly, which helps to reduce the cost of living.
However, the minister admitted that prices are still high, especially for food items, due to challenges in local production and transportation.
He explained that while imported inflation has been controlled, domestic inflation remains a concern because farmers continue to face problems such as access to fertilizers, fuel, and storage facilities.
By: Jacob Aggrey
President John Dramani Mahama has cautioned that the rapid growth of Artificial Intelligence (AI) could worsen the spread of misinformation across the world if not managed responsibly.
Speaking at the International Conference on Information Integrity in Paris, the President said AI tools such as deepfakes and synthetic media are increasingly being used to manipulate information and distort public perception.
He warned that the misuse of AI poses a serious threat to democracy, public health, and global stability, adding that protecting information integrity must be treated with the same urgency as national security and economic development.
“We are back to win the global war against misinformation and disinformation. Disinformation is not an abstract issue, it shapes elections, distorts public health responses, fuels conflict, and undermines the fight against climate change,” he pointed out.
President Mahama said false information continues to erode public confidence in science and government policy, even a decade after the signing of the Paris Climate Accord.
He noted that while AI presents huge opportunities for innovation and growth, it must be used responsibly to ensure that technological progress builds, rather than destroys, public trust.
“Our collective task must be to harness AI responsibly, promote transparency, and ensure that technology strengthens, not weakens, our societies,” he said.
The conference brought together world leaders, media experts, and technology innovators to discuss ways to protect information integrity and strengthen democracy in the digital age.
By: Jacob Aggrey
The Kumasi Metropolitan Assembly (KMA) has announced a city-wide clean-up exercise scheduled for Saturday, November 1, 2025, as part of efforts to promote cleanliness and public health in the metropolis.
The exercise, which starts at 6:00 a.m., forms part of the government’s vision to undertake monthly nationwide clean-up activities.
It is expected to bring together residents, traders, and transport operators to help make Kumasi cleaner and more environmentally friendly.
According to the Assembly, the clean-up will focus on key parts of the Central Business District and surrounding areas.
The operational zones include Zoo Roundabout through Pampaso to Otumfuo Roundabout, Otumfuo Roundabout through Acheamfour Market, MTN Roundabout to St. Louis College, Otumfuo Roundabout to Dr. Mensah, Boss FM through Central Market, Asafo Interchange, and Asafo Market stretch, as well as Roman Hill Down through Aboabo Station to Alabar.
During the exercise, all trading activities and vehicular movement within these areas will be suspended to ensure smooth operations.
The KMA urged all traders, commercial drivers, and residents to comply with the directive and actively take part in cleaning their surroundings.
The Assembly announced that if traders and shop owners participate fully, the exercise will end at 11:00 a.m.
However, those who fail to take part will have their shops and trading activities remain closed until 2:00 p.m.
By: Jacob Aggrey
