News
Patrick Boamah urges Bank of Ghana to suspend forex injections
Member of Parliament for Okaikwei Central, Patrick Boamah, has called on the Bank of Ghana to suspend its continuous foreign exchange injections, arguing that the economy must be allowed to adjust naturally to reflect the true cost of living.
Mr Boamah raised concerns about the amount of money being used to stabilise the cedi, questioning the long term impact of such interventions on national development.
He pointed out that government has spent about 10 billion dollars to support the currency, describing the figure as excessive.
According to him, allowing the economy to run on its own could have saved the country significant funds that could be used for development projects.
Mr Boamah explained that he was speaking as a lay person and not as an economist, but insisted that strong and practical economic policies should reduce the need to constantly support the currency.
He questioned why the state would continue to hold up the cedi with huge sums of money instead of allowing the economy to stand on its own.
He stressed that the key issue is the cost of such interventions to the state and how that compares with Ghana’s pressing development needs.
The Okaikwei Central MP argued that the Bank of Ghana should reduce its role in propping up the currency and allow market forces to reflect the real state of the economy.
In his view, constant intervention only masks underlying problems and creates a false sense of stability.
Mr Boamah noted that while official figures indicate inflation is around five percent, prices of goods and services continue to rise, creating a disconnect between economic data and the lived reality of Ghanaians.
He cited the changing prices of basic items such as bottled water as an example of how cost of living does not align with inflation figures being presented.
He raised concerns about transport fares, questioning why drivers are arrested over pricing disputes while the cost of living keeps rising.
According to him, these everyday experiences highlight the need to look beyond economic statistics and focus on the real conditions people face.
Mr Boamah maintained that allowing the economy to run on its own would provide a clearer picture of Ghana’s economic health and help policymakers take more realistic decisions.
By: Jacob Aggrey
Thomas Partey, Ransford Yeboah Königsdörffer, Kojo Oppong Peprah, and Alexander Djiku trained with the Black Stars on Tuesday, March 23 as preparations intensify for the international friendly against Austria on Friday.
The newly arrived players—Partey, Königsdörffer, Oppong Peprah and Djiku—joined the group training Tuesday afternoon in readiness for the match.
Partey and Djiku bring valuable experience and dexterity to the team, having played a major role in securing Ghana a spot at the 2026 FIFA World Cup in Mexico, Canada, and the United States of America.
All 25 players participated in Tuesday’s training session, each aiming to catch the eye of head coach Otto Addo.
The full squad present at training included Lawrence Ati-Zigi, Benjamin Asare, Joseph Anang, Patrick Pfeiffer, Derrick Luckassen, Derrick Kohn, Jerome Opoku, Caleb Yirenkyi, Kojo Oppong Peprah, Jonas Adjetey, Marvin Senaya, Gideon Mensah, Elisha Owusu, Ibrahim Sulemana, Kwasi Sibo, Jordan Ayew, Prince Kwabena Adu, Christopher Bonsu Baah, Abdul Fatawu Issahaku, Antoine Semenyo, Kamal Deen Sulemana, Daniel Agyei, Thomas Partey, Alexander Djiku, and Ransford Yeboah Königsdörffer.
Training will continue on Wednesday and Thursday ahead of the match on Friday, March 27, 2026.
The Kadjebi District Police Command, through a sustained intelligence-led operation, has arrested a suspect, Chalim Madzaton, also known as Peter Tano, 36, a farmer.
He was apprehended at his hideout in Kpaya, a suburb of Ahamansu, in connection with the murder of 80-year-old Dakolor Semaka.
On March 24, 2026, police received a report that the suspect had allegedly attacked his girlfriend, Yaa Tugbenyo, 55, and her mother, the deceased, at their residence in Mangoase near Kadjebi During the incident, Yaa Tugbenyo managed to escape but later returned to find her mother lying motionless on the floor.
Police Officers visited the scene and found the body of the deceased lying in a supine positior with isible signs of violence.
The scene was processed, and photographs were taken for evidential purpose.
The deceased was pronounced dead by a medical officer at St. Mary Theresa Hospital and the body has since been deposited at the hospital’s morgue for preservation and autopsy.
The suspect is currently in Police custody assisting with investigations and will be arraigned before court.
