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Mahama Ayariga sues Finance Minister over Ghana Financial Stability Fund
The Member of Parliament for Bawku Central, Mahama Ayariga, has filed a suit against the Finance Minister, Ken Ofori-Atta, challenging the legality of the establishment of the Ghana Financial Stability Fund (GFSF).
In his suit, Ayariga argued that the GFSF was established without parliamentary approval, in violation of the Constitution of Ghana.
He is seeking an order directing the Ministry of Finance to establish the Fund through an express Act of Parliament.
Ayariga is also praying the court to enjoin the Ministry of Finance from implementing or utilizing the current “Operational Framework of the Ghana Financial Stability Fund (GFSF) for the administration, disbursement, withdrawal, or recovery of funds.”
The MP’s relief packages include: “An order directing the Ministry of Finance to establish the Ghana Financial Stability Fund (GFSF) through an express Act of Parliament, outlining clear legal stipulations regarding its administration, mechanisms for disbursing funds, and procedures for fund recovery, in accordance with articles 93(2), 108, 175, 176, 178, and 179 of the Constitution of Ghana.”
An order enjoining the Ministry of Finance from implementing or utilizing the current “Operational Framework of the Ghana Financial Stability Fund (GFSF) for the administration, disbursement, withdrawal, or recovery of funds, as it is illegal and unconstitutional.”
Mahama Ayariga had earlier criticized the Minister of Finance for establishing the Ghana Financial Stability Fund (GFSF) without parliamentary approval.
Ayariga has also called on the World Bank and the International Monetary Fund (IMF) to withdraw their support for the fund.
“I write to request the World Bank (WB) and the International Monetary Fund (IMF) country offices in Ghana not to lend your support to the unconstitutional and illegal attempt by the Minister of Finance and Economic Planning (Mr. Ken Ofori Atta) to establish a Ghana Financial Stability Fund (GFSF) using mere guidelines and putting it under the administration of an illegal and unconstitutional body known as Ghana Amalgamated Trust Plc (GAT) based on opaque and legislatively unauthorized management and disbursement mechanisms.”
“The International Monetary Fund (IMF) and the World Bank will be acting in clear violation of the Constitution of Ghana of 1992 if they lend their support to this arrangement or are in any way a party to it,” he said in his letter to the World Bank.
Africa’s celebrated music icon and highlife maestro, Kojo Antwi, has been selected as the headline performer for the 2026 Europe Day reception in Accra, marking a historic 50 years of partnership between the European Union (EU) and Ghana.
The event, scheduled for Thursday, May 7, 2026, at 6:00 pm, forms part of activities commemorating the Golden Jubilee of diplomatic, trade, and cultural relations between Ghana and the EU, which dates back to 1976.
Europe Day remains one of the most significant diplomatic gatherings on Ghana’s calendar, traditionally attracting more than 600 guests, including members of the diplomatic corps, senior government officials, and key stakeholders from various sectors.
The 2026 edition will be celebrated under the theme “Golden Bridge,” symbolising half a century of friendship, cooperation, and shared values between Ghana and the European Union.
Organisers say the evening will feature a rich cultural showcase, with Kojo Antwi affectionately known as “Mr Music Man” and “The Maestro” leading the entertainment segment.
His signature blend of highlife, soul, and Euro-African rhythms is expected to bring a fitting artistic touch to the milestone celebration.
In an official invitation letter signed by Rune Skinnebach on behalf of the EU and dated Wednesday, May 6, 2026, organisers described Kojo Antwi as the ideal choice for the occasion.
The letter stated: “We therefore cannot think of any better artiste to lift this special occasion to new levels of entertainment and national pride.”
It further expressed hope that the celebration would strengthen future collaboration, noting: “We hope this event will transform into sustained collaboration and partnership in the future.”
Kojo Antwi remains one of Africa’s most respected musical figures, with a career spanning decades and 13 acclaimed albums to his credit.
Widely regarded as the “King of Love Songs,” he has consistently delivered timeless hits that continue to resonate across generations.
From his early performances in Europe with his first band to his illustrious solo career in Ghana, the Maestro’s journey has been defined by creativity, resilience, and global recognition consistently projecting Ghana’s cultural excellence on the world stage.
Beyond his music, Kojo Antwi’s influence extends across the African entertainment landscape, inspiring generations of musicians. He recently expanded his legacy with the release of his memoir, “Mr Music Man: The Journey,” a deeply personal account of his life, artistry, and enduring impact making him one of the few African musicians to chronicle his story in his own words.
As Europe Day 2026 approaches, organisers say the choice of Kojo Antwi reflects more than entertainment value, but a celebration of an enduring cultural bridge between Ghana and Europe honouring a living legend whose music continues to unite hearts across continents.
By Enoch Ntiamoah Siaw
Ghana’s parliament has marked the 2nd edition of May Day 2026 under the theme “ Welcome Home”.
It was special day meant to celebrate the invaluable support of the workforce, recognizing the commitment, resilience, and contributions of workers to institutional growth and national development.
Delivering the message on behalf of the Speaker, the 1st Deputy Speaker, Bernard Ahiafor, described the theme as very apt, appropriate, and timely, noting that Parliament is more than a workplace, it is a shared home.
He emphasized that we cannot speak about work without speaking about people, reminding everyone that the true measure of our work is the well-being of our people.
He urged that our traditional clothing become an integral part of our everyday clothing, and that our local languages must become integral to our daily lives, interwoven into education and practiced at home.
Referencing Standing Order 63, which captures the use of local language as optional in deliberations, he encouraged a renewed commitment to identity, saying it is significant that we “come home” and present who we are so future generations can inherit a story they can fully tell.
The Clerk, Mr. Ebenezer Ahumah Djietror, in his remarks commended officers for their dedication and devotion to duty, calling on them to go the extra mile and leave legacies.
Echoing the reminder that an unexamined life is not worth living, he described the event as an invitation to reconnect with our roots through cultural revival.
The Deputy Clerk, C&FMS, Dr. Gloria Sarku Kumawu, urged all not to forget their roots, the people behind the stories of ministries, industries, and the strides made both in-house and beyond.
What began last year has now become a meaningful tradition, showcasing Ghanaian heritage, fostering unity, and encouraging innovation under the principle of diversity for unity and diversity for progress, she added.
The gathering brought together leadership, public officials, and staff across all levels, along with the media, standing as a unifying platform that honored service, celebrated culture, and reaffirmed a shared commitment to national development.
