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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
Four tricycle operators, popularly known as ‘Pragya’, have been prosecuted and fined GH¢600 each equivalent to 50 penalty units by the Accra Metropolitan Assembly (AMA) Sanitation Court for obstructing public roads at the Agbogbloshie Market.
The offenders, who were arrested by Public Health Officers of the AMA during a routine enforcement exercise, pleaded guilty to the offence and were subsequently convicted by the court.
The four operators were among the 21 offenders recently arrested at the Agbogbloshie Market for various sanitation and public order violations, including selling on open drains, obstructing walkways, and trading at unauthorised locations.
Speaking after the court proceedings, the Head of Public Health at the AMA, Madam Florence Kuukyi, said the court was lenient with the offenders since it was their first appearance, hence the fine, and warned that subsequent offenders would face stiffer penalties, including imprisonment.
The Ghana Police Service has arrested a man believed to be behind a series of robberies and killings of taxi drivers in the Greater Accra Region.
According to a statement from the Criminal Investigation Department (CID), the suspect, Peter Akakpo, also known as “Dompe,” was arrested on October 13, 2025, at Kasoa-Domeabra.
Police say he is an ex-convict and is believed to have worked with another suspect, Vincent Gbetorglo, who was arrested earlier on June 30, 2025.
The arrests follow investigations into the deaths of two taxi drivers at Sakaman Blue Lagoon on May 9 and June 15, 2025. Police say the suspects contacted the victims before the attacks.
The Anti-Armed Robbery Unit of the CID led the investigation, using intelligence and surveillance to track down the suspects.
Police say efforts are being made to recover the vehicles of the murdered drivers.
The CID assured the public that investigations are still ongoing and promised to provide updates as new information emerges.
By: Jacob Aggrey
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