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Dr. Gideon Boako (MP for Tano North) has called for a bi-partisan inquiry into the sale of 18 tonnes of national gold reserves between September and December 2025. Boako alleges the gold was sold at $3,500 per ounce, despite projections that the state would need to repurchase the reserves at $5,500 per ounce in the near future. The MP raised concerns over potential insider trading and a lack of transparency regarding the buyers, characterizing the transaction as a strategic attempt to loot national resources.
The alleged price discrepancy represents a potential loss of billions of dollars in future state value. For investors, this highlights ongoing concerns regarding resource management and sovereign asset transparency during the transition between the Akufo-Addo and Mahama administrations.
The Office of the Special Prosecutor (OSP) has arrested Ato Boateng, the Deputy CEO of COCOBOD, over allegations of conflict of interest involving his former company, Atlas Commodities Limited. While Boateng has been granted bail and maintains his innocence, the arrest comes at a sensitive time as Parliament debates farmgate prices. Simultaneously, Minority MPs continue to protest recent price reductions, which they claim are unfair to farmers despite global market fluctuations.
Ghana is the world's second-largest cocoa producer. COCOBOD, the state regulator, has faced intense scrutiny over its debt levels and management integrity during the recent IMF-led economic restructuring.
The Ministry of Works and Housing has pledged to complete all abandoned projects, including the high-priority Saglemi Affordable Housing site. Minister Kenneth Gilbert Adjei also unveiled the Greenville District Housing Programme, aimed at decentralizing affordable homes to every district for public sector employees. In Parliament, the Community Service Bill was introduced to allow for non-custodial sentencing for minor offenses to help alleviate prison overcrowding.
The introduction of single-digit mortgage rates through the National Homeownership Fund could significantly alter the domestic real estate market by 2027.
Bank of Ghana Governor Dr. Johnson Asiama reported that inflation plummeted to 3.3% in February 2026, down from 23.1% just a year ago. The cedi has also stabilized, with depreciation against the USD slowing to 1.65% year-to-date. Concurrently, the Ghana Stock Exchange (GSE) has reached a historic market capitalization of GHc251 billion (~$22.8 billion USD), driven by a 56.6% return for investors through performers like MTN Ghana and Ecobank.
The combination of single-digit inflation and a high-return equity market positions Ghana as one of the most attractive emerging markets in Africa for Q2 2026.
With the cedi's depreciation slowing significantly, the purchasing power of your USD remittances is becoming more predictable, aiding long-term family budgeting and project planning back home.
GNPC Explorco has signed a consultancy contract with LubriMax Ghana and Well Engineers and Planners (WEP) to begin Ghana's first onshore petroleum exploration in the Voltaian Basin, with drilling expected by Q3 2026. Meanwhile, the National Petroleum Authority (NPA) is enforcing uniform fuel pricing to ensure that consumers in Wa or Tema pay the same rate, effectively ending localized price discounting by OMCs.
Onshore drilling could transform the economy of the northern regions by creating local jobs and diversifying the hydrocarbon sector beyond offshore oil.
Shariff Abdulai, known as 'Cristos,' received a life sentence from the Wa High Court after confessing to 23 murders across Wa, Bole, and Bamboi. In the Ashanti Region, Akwasi Acheampong was fined GHc120,000 (~$10,909 USD) for illegal mining at Manso Moseaso, facing 15 years in prison if he fails to pay.
The Wa killings caused significant unrest in northern Ghana throughout 2024 and 2025. The sentencing is a high-profile win for the Ghana Police Service under the new administration's 'Safety First' initiative.
A police bodyguard foiled an attempted robbery at the residence of an Appeals Court judge in Kumasi, wounding two suspects. However, in Kpedome, the NADMO Director of Engineering, Moses Ahiakpornu, was brutally assaulted by thugs. In the Oti Region, the National Peace Council successfully mediated a dialogue between Adele, Akyode, and Challa factions to cease armed violence in Nkwanta South.
The Nkwanta South conflict involves long-standing land and chieftaincy disputes. Similar to the Bawku conflict, these tensions often require high-level mediation from the National Peace Council to prevent escalation.
CAF is expected to announce within 48 hours whether Morocco will remain the host of the 2026 Women's Africa Cup of Nations (WAFCON), scheduled for March 17 to April 3. Ghana's Black Queens are among the 16 qualified teams awaiting confirmation. If Morocco withdraws, South Africa is reportedly the primary candidate to take over as host.
Black Stars context: The Black Queens' performance at WAFCON is the primary route for qualification to the 2027 FIFA Women's World Cup.
Akwaaba Magic marked its fifth anniversary, highlighting its role in providing a platform for Ghanaian filmmakers. James Gardiner of the National Film Authority noted that the channel has bridged the gap for producers who previously struggled to find viable outlets for indigenous stories.
The Margins ID Group has launched #FuguWednesday to promote indigenous textiles during Ghana Month. In Kumawu, plans are underway to revive the 'Papa Nantwie' festival on March 3, 2026, after a 19-year hiatus to boost local tourism and honor ancestral bravery.
Today we covered the historic 3.3% inflation rate, the controversial probe into 18 tonnes of gold reserves, and the life sentence for the Wa serial killer. These developments reflect a Ghana in rapid transition, balancing economic growth with significant governance and safety challenges. Thank you for reading the Ghana News AI Daily Brief!
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