BoG reports economic stability with falling inflation and rising reserves.
Adnan Adams Mohammed
Head of Collateral Registry Department of Bank of Ghana has indicated that the registry registers approximately 9,000 security interests every week with an average growth rate of 31.5%.
Giving further particulars to the above figures, Fred Asiama Koranteng, in 2010, we registered 10,413 security interest registrations, but, rose to 382,215 registrations for the year 2024. Overall, as at the end of 2024, the registry had registered over 1.4 million security interests.
This follows the announcement of the Bank of Ghana to put in place policies and regulatory reforms to strengthen the legal framework governing its Collateral Registry Department as the financial sector credit systems and management keep changing. The Bank has explained that the Collateral Registry has become an integral part of Ghana’s financial infrastructure, supporting secured lending and enhancing credit risk management.
“This is not just a statistic”, Mr Koranteng noted at the 15th anniversary of the registry while outlining the critical role the registry has played in supporting micro, small, and medium-sized enterprises to access credit.
“It’s the story of empowerment, of economic opportunity, and of a better future. The registry, having grown from an emerging outlet to a cornerstone of garnished credit infrastructure, has significantly contributed to the creation of an enabling environment for countless micro-, small-, and medium-sized enterprises to access credit that was once beyond their reach. For financial institutions, the registry provides a transparent and reliable platform to assess and manage credit risk,” he added.
Meanwhile, the First Deputy Governor Dr. Zakari Mumuni, speaking on behalf of the Governor at the 15th anniversary of the registry indicated that the Bank is pursuing additional measures to improve operational efficiency within the department.
“As we look ahead, our vision for the Registry is ambitious. We are investing in advanced technologies- including artificial intelligence, to enhance the system’s efficiency, security, and user experience. We are also undertaking policy and regulatory reforms to ensure the legal framework remains agile and responsive to the evolving credit landscape.
“Furthermore, we will deepen partnerships – with institutions such as the Driver and Vehicle Licensing Authority (DVLA), the Office of the Registrar of Companies (ORC), the Lands Commission, the International Finance Corporation (IFC), and the Swiss State Secretariat for Economic Affairs (SECO). These collaborations will introduce global best practices and technical support to drive further impact,” he said.
Beyond supporting formal banking processes, the Collateral Registry has expanded the frontier of financial inclusion. With the Micro, Small and Medium-Size Enterprises (MSMEs), who often lack traditional forms of collateral, can now use movable assets like stock, receivables, and tools of trade to secure credit.
This is a significant step toward democratizing finance in Ghana. By unlocking access to credit for underserved groups, the Registry has contributed meaningfully to job creation, business resilience, and local economic growth.
”Fifteen years ago, access to credit in Ghana was often constrained by rigid collateral systems, fragmented legal frameworks, and limited transparency” enthused Koranteng.
“For small business owners, access to finance was a distant hope. Today, because of the work we celebrate here, more Ghanaians can secure financing using movable assets – from vehicles to machinery to inventory. As we reflect on the journey of the Collateral Registry, it is important to recognise its role in transforming our credit market and supporting financial inclusion, especially for small and medium-sized enterprises (SMEs).”
“More than a registry, it has become a tool of empowerment,” Dr Mumuni said.
The Registry was established under the Borrowers and Lenders Act, 2008 (Act 773), later repealed and replaced with the 2020 Act (Act 1052). Its creation was a response to a fragmented system for secured credit, where multiple laws coexisted without offering a clear or efficient path for lenders and borrowers.
Before its establishment in February 2010, lending was hampered by information asymmetry, limited data on collateral, and a preference for immovable assets. The lack of a streamlined framework increased risk for lenders and restricted credit access for businesses without land or buildings to pledge.
The Collateral Registry addressed these challenges head-on. By creating a centralized platform for the registration of both movable and immovable assets, the Registry offered lenders a trusted and transparent system to assess credit risk and protect their security interests.
Amidst the government’s decision to postpone the implementation of the controversial Energy Sector Shortfall and Debt Repayment Levy (Amendment) Bill, 2025 indefinitely, due to current tension building up between Israel and Iran, the International Monetary Fund (IMF) has described the levy as a strategic policy aligned with the country’s fiscal goals under the Extended Credit Facility (ECF) programme.
The new levy, whose implementation date was postponed to June 16, 2025 from its initial date of June 9, to allow time for critical stakeholder consultation, especially with the Chamber of Oil Marketing Companies, will charge GH¢1.0 per litre on selected petroleum products.
According to the government, the levy aims at addressing long-standing debt and financial shortfalls in the energy sector. However, many Ghanaians including transport operators, businesses and ordinary citizens have strongly opposed the levy, raising red flags on the grounds of no consultation and awareness education. But the IMF thinks otherwise.
“On the fuel levy, what I can say is that this is a new measure that will help generate additional resources to tackle the challenges in Ghana’s energy sector, and it is also going to bolster Ghana’s ability to deliver on the fiscal objectives under the programme,” Julie Kozack, Director of IMF’s Communications Department said at a press briefing last week.
“The revenue measure will play a crucial role in helping Ghana tackle structural issues in the sector while supporting broader fiscal reforms.”
According, Richmond Rockson, the Spokesperson and Head of Communication for the Ministry of Energy and Green Transition in an interview, over the weekend, explained that the decision is influenced by recent fluctuations in global oil prices.
Meanwhile, the Founding President of IMANI Africa, Franklin Cudjoe, has described the government’s decision to suspend the implementation of the Fuel Levy as a “sensible” and timely move, given the looming global oil price hikes driven by Middle East tensions.
Reacting to the Ghana Revenue Authority’s (GRA) directive to indefinitely postpone the rollout of the GH¢1 per litre levy, Cudjoe said on Facebook that the government was right to step back and reassess the potential economic impact before proceeding with such a policy.Ghanaian tourism
“As oil prices are set to rise due to tension in the Middle East, the government must assess the situation and likely impact before rolling out the GHS 1 ‘dumsor’ levy,” he wrote.
Cudjoe further urged the government to respond to the looming crisis by fast-tracking domestic oil production, investing recent foreign exchange and gold windfalls wisely—particularly in agriculture—and recovering stolen public funds from the last eight years to reinvest in economic buffers.
The levy has unsurprisingly drawn criticism from the Minority in Parliament, who argue that it adds to the cost burden on already struggling consumers.
Meanwhile, the government insists the impact on consumers will be marginal, pointing to current fuel prices at the pump, which it says remain lower than in previous high-inflation periods.
The amended Bill, passed under certificate of urgency is expected to generate an estimated GH¢5.7 billion in revenue to help sustain the energy sector deeply wallowing in a debt that has a potential to collapse the energy sector.
However, major stakeholders have expressed disappointment at the government over immediate passage of such a Bill, which has the potential to have an overriding cost increase effect on all aspects of the economy – thereby affecting cost of living and doing business – without consultation.
Commercial transport operators had previously threatened to embark on a nationwide strike on June 10, 2025, in protest against the newly introduced levy. According to the Ghana Private Road Transport Union (GPRTU), the decision to implement the levy was taken without adequate consultation and risks pushing many operators out of business due to rising operational costs.
Abass Ibrahim Imoro, Public Relations Officer of GPRTU said initially during a press event while reacting to the development “We are therefore calling on the government to reverse the levy immediately and engage us and stakeholders on the way forward. In the event that our call is not heeded, we will be compelled to take industrial action and park our vehicles on June 10, 2025. We urge the government to consider the impact of the levy on the transport sector and the consequences of our action on the economy, and engage us in meaningful deliberations to help address challenges in the energy sector,”
President John Dramani Mahama however has assured Ghanaians that the new levy will not lead to an immediate increase in fuel prices at the pump.
“Our energy sector is saddled with over US$3.1 billion in debt, and we require an additional US$1.8 billion to ensure a continuous fuel supply for thermal power generation in the coming months,” he noted. “If we fail to act decisively, we risk a collapse that would threaten national productivity and industrial progress.”
The President emphasised that the levy forms part of a broader, urgent strategy to rescue the country’s struggling energy sector and ensure consistent electricity supply.
He acknowledged the concerns of Ghanaians but stressed that the decision was made after careful consideration of its potential impact on households and businesses.
“With the recent gains in macroeconomic stability and the strengthening of the cedi, this levy is not expected to result in any immediate fuel price increases,” he said.
“We fully understand the challenges facing citizens, and this intervention was not undertaken lightly.”
President Mahama further revealed that the estimated GH¢5.7 billion in revenue from the levy will be strictly allocated to settling longstanding energy sector debts, financing fuel procurement, and preventing future power shortages.
To ensure accountability, the funds will be ring-fenced, independently audited, and excluded from the Consolidated Fund. Audit reports will also be made public to enhance transparency.
The President’s appeal has received mixed reactions from stakeholders and across social media platforms. While some have applauded the initiative as a bold and necessary step to revamp the energy sector, others remain skeptical, fearing it could eventually translate into increased costs for consumers.
The Independent Power Generators, Ghana (IPGG), has thrown its support behind the government’s introduction of the GHc1 Energy Sector Levy, describing it as a necessary and urgent measure to address the country’s growing energy sector debt.
“This policy intervention is both necessary and time-sensitive, given the precarious financial state of the sector. It must be stated with clarity and conviction that the current accumulation of debt, now significantly compounded and overdue, was entirely avoidable. The sector’s distress, which affects power producers, fuel suppliers, and system reliability, is a direct consequence of the mismanagement and misapplication of previously established Energy Sector Levy and bond proceeds and loans”, the Chief Executive Officer of IPGG, Dr. Elikplim Kwabla Apetorgbor, has said in a statement while acknowledging that the levy was crucial to restoring financial stability within the power sector.
Conversely, the Chamber of Oil Marketing Companies (COMAC) has cautioned that the levy could push many downstream petroleum businesses toward insolvency and derail clean energy targets in the country.
The levy applies to petrol, diesel, LPG, naphtha, fuel oil and marine gasoil, raising the cumulative tax burden from 22% to 26% of the ex-pump price according to the oil marketers.
“The cumulative impact of rising taxes, limited margins, and increasing financial obligations threatens the sustainability of many OMCs and LPGMCs within the sector,” Dr. Riverson Oppong, CEO and Industry Coordinator of COMAC said in a press statement.
A significant number of OMCs/LPGMCs are already burdened by debt, and further fiscal pressure could lead to widespread insolvency, job losses, and broader economic disruption”, he added.
“Any future rise in international Brent crude prices will compound cost pressures. With limited flexibility, marketers would be forced to pass on higher costs to consumers—potentially triggering up to a 5% drop in demand, especially among smaller players,” COMAC added.
Also, Chief Executive Officer of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu-Aboagye, has indicated that the government has not provided enough of a buffer before reintroducing cost pressures at the pump.
“The intended purpose of the levy is very relevant in supporting the energy sector and addressing its mounting debt. However, I take issue with both the timing and the rate of the increase. The rate of about 8% of the current price per litre is quite high”, he said at the launch of the 5th Chamber Business Awards.
“We’ve only recently started enjoying some relief from lower fuel prices, just about a month ago. Considering the financial strain consumers have faced, there should have been a grace period before any additional burden was introduced.”
GNCCI President Stephen Miezen added that the private sector is willing to partner more closely with the government to drive sustainable growth, reduce imports and expand local production, but such collaboration requires mutual respect and strategic engagement.
“The private sector is eager and prepared to collaborate with the government to boost production, reduce imports, and expand exports. For this to be effective, there must be deeper engagement, shared goals, and a strong mutual commitment between policymakers and the business community” he has asserted.
Hon Muntaka Mohammed-Mubarak at the Passing-Out Parade of Security Officers
By Adnan Adams Mohammed
The Minister of the Interior, Hon Mubarak Mohammed Muntaka, has directed the Management of the Narcotics Control Commission (NACOC) to as a matter of urgency operationalise the Substance Use Disorder Rehabilitation Fund as provided for in Section 22 of the Narcotics Control Commission Act, 2020.
At the graduation parade and parchment ceremony of Basic Narcotics Cadet Course 8, held at the Leadership Training School in Tema, he commended the leadership of the Narcotics Control Commission (NACOC) for their renewed zeal and unwavering commitment to combating drug trafficking in Ghana.
In a post shared on his social media account, he wrote;
“Earlier today, I had the honour of attending the graduation parade and parchment ceremony of Basic Narcotics Cadet Course 8, held at the Leadership Training School in Tema. I took the opportunity to commend the current leadership of the Narcotics Control Commission (NACOC) for their renewed zeal and unwavering commitment to combating drug trafficking in Ghana.
“The recent increase in arrests is a clear indication of the tighter measures that have been implemented; aimed at making Ghana an unattractive destination for illicit drug trafficking and the syndicates. Government, in collaboration with NACOC, remains steadfast in its resolve to dismantle drug networks and ensure a safer and more secure environment for all citizens.
“I was pleased to note that the graduating cadets have successfully completed the rigorous six-and-a-half-month training programme. This training has equipped them with essential skills in pharmacology, financial investigations, and intelligence gathering. These competencies will empower the new officers to combat the illicit drug trade with fairness, integrity and professionalism.
“I also tasked NACOC to operationalize the Substance Use Disorder Rehabilitation Fund, which is intended to support research, treatment and rehabilitation programmes for individuals battling addiction. In support of this initiative, I pledged to provide the seed fund and encourage corporate bodies as well to contribute as part of their corporate social responsibility.
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“Furthermore, I reaffirmed the Government’s unwavering commitment to providing the necessary resources and support to NACOC and other security agencies to strengthen their capacity in the fight against drug trafficking and substance abuse.
“I emphasized that the battle against drugs requires a collective national effort. I urged the graduating cadets to perform their duties with courage, professionalism and compassion.
“Finally, I congratulated the cadets on their achievements and called on all stakeholders to work together in protecting our nation and building a Ghana free from the scourge of illicit drugs.”
Passing-Out Parade at the Ankaful Prison Officers
At a similar event of Passing-Out Parade of Recruit Course 125 at the Ankaful Prison Officers’ Training School, Hon Muntaka Mubarak wrote…
“Earlier today, I had the honour of attending the Passing-Out Parade of Recruit Course 125 at the Ankaful Prison Officers’ Training School in the Central Region.
In my remarks, I emphasized the urgent need for correctional reform in Ghana and highlighted Government’s commitment to transforming the Ghana Prisons Service into a modern correctional institution focused on rehabilitation, reformation and reintegration.
I reaffirmed that the Government remains committed to expanding vocational training, educational programmes and productive inmate enterprises—key interventions that reinforce our vision for a correctional system grounded in genuine transformation. Correctional facilities must become centres of reform, not merely places of detention.
This is not an act of charity, but a strategic investment in our national security and human capital. When we equip inmates with employable skills, we reduce their likelihood of re-offending. Rehabilitation and reformation do not occur in isolation—they must be linked to purposeful and productive activity.
To give practical effect to this policy, I announced that the Government will scale up support for prison-based ventures. Initiatives such as carpentry, tailoring, agriculture and industrial operations, including bottled water production, will be central to building a sustainable and self-reliant correctional economy.
I also directed all institutions under the Ministry for the Interior to prioritize the purchase of bottled water and toilet rolls produced by the Ghana Prisons Service. This initiative will not only reduce the financial burden on the state, but also generate internal revenue and promote inmate productivity.
I reassured the leadership and personnel of the Ghana Prisons Service of the Government’s unwavering support—a commitment that extends beyond logistical and infrastructural improvements to the reformation of the very foundation of correctional practice in Ghana.
To the new officers passing out today, I urged them to serve with integrity, compassion and professionalism. Their service must reflect the high standards of the Ghana Prisons Service and uphold the trust and confidence the nation has placed in them.”
President John Mahama in a discussion with Dr Cassiel Ato Forson
Adnan Adams Mohammed
All things being equal, President John Mahama’s ‘BIG PUSH’ initiative will soon receive a boost as the government prepares to re-enter the international bond market amidst soaring investor confidence.
This comes as Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘Restricted Default’ to ‘B-’ with a Stable Outlook, signalling a major vote of confidence in the country’s ongoing economic recovery under the stewardship of Finance Minister Dr. Cassiel Ato Forson.
The upgrade reflects significant progress in Ghana’s fiscal and debt management, following the successful restructuring of $13.1 billion in Eurobond debt and the near-completion of outstanding external debt negotiations. Fitch notes that Ghana has normalised relations with most commercial creditors and expects full restructuring to be finalised by the end of 2025. This will usher Ghana back onto the international bond market to access funds for its developmental agenda.
The NDC in its election 2024 manifesto indicated it will roll out the ‘Big Push’ for national infrastructure development to continue its legacy of massive infrastructure development to boost growth and create sustainable jobs.
The “Big Push” is a policy aimed at driving national infrastructure development in Ghana, focusing on completing abandoned projects, revamping the Ghana Infrastructure Investment Fund, and expanding water supply systems.
This initiative includes a US$10 billion accelerated plan and specific projects like the Sogakope Trans-Boundary Water System and the Pwalugu multi-purpose dam.
According to the Fitch report, one of the standout achievements is the sharp decline in inflation, which has dropped from 23% in 2024 to 18.4% in May 2025—the lowest rate in over three years. Inflation is expected to continue falling, averaging 15% in 2025 and 10% in 2026, supported by tight monetary policy, fiscal discipline, and improved exchange rate stability.
The Ghana cedi has appreciated significantly in recent months, reversing previous trends and helping to ease price pressures on imported goods and fuel. Fitch credits the cedi’s strong performance to renewed confidence in Ghana’s macroeconomic fundamentals and proactive interventions by the Ministry of Finance and the Bank of Ghana.
Finance Minister Dr. Cassiel Ato Forson has led a bold economic reset since assuming office, with a clear strategy focused on fiscal consolidation, debt sustainability, and restoring market confidence. Under his leadership:
Ghana’s public debt-to-GDP ratio is projected to decline to 60% in 2025, down from 93% in 2022; Gross international reserves are now at $6.8 billion, with more growth expected in 2025 and 2026; The fiscal deficit is narrowing, with a projected primary surplus of 0.5% of GDP in 2025.
Interest payments now consume only 25% of revenue, down from 48% in 2021; Real GDP growth remains solid, at 5.7% in 2024 and projected at 4% in 2025.
In response to the credit upgrade, senior officials at the Ministry of Finance attributed Dr. Forson’s firm policy direction and stakeholder engagement for restoring Ghana’s credibility in global markets.
“This milestone reflects the Finance Minister’s bold leadership in navigating Ghana out of default and laying the foundation for sustainable growth,” one official stated. “Lower inflation, a stronger cedi, and renewed investor interest are all signs that the economy is stabilising.”
The Fitch upgrade is more than a technical rating change—it’s a significant endorsement that will boost Ghana’s appeal to foreign investors, support the reopening of domestic capital markets, increase the country’s access to cheaper credit and ease pressure on public finances.
Dr. Forson, speaking earlier this month, reaffirmed the government’s commitment to staying the course:
“We are building an economy that works for everyone. This upgrade is a signal that Ghana is back on track, and we will not relent in protecting the gains we’ve made.”
Ghana’s path from default in 2022 to a ‘B-’ stable outlook in mid-2025 represents one of the strongest sovereign credit turnarounds in sub-Saharan Africa in recent years. But as Dr. Forson and the Ministry of Finance continue to emphasise, this is not the finish line. With inflation declining, the exchange rate stabilising, and debt falling, the Fitch upgrade is not only a win for the government but a hopeful sign for all Ghanaians looking forward to a more stable and prosperous future.
The Ghana Revenue Authority as part of their mandate to educate citizens on tax policies, has elaborated on some tax incentives that individual citizens can take advantage of.
Among such is the personal tax relief system. The personal tax relief is an allowance given to a resident individual to reduce his or her tax burden.
GRA at a training event for selected journalists in Accra educated participants on the several tax policies being implemented by the Authority. As it called on eligible taxpayers to be compliant, it also urged taxpayers who qualify for the several tax incentives to apply for them.
“The Ghanaian tax policies are not only about taking money from people all the time, but it also gives incentives or reliefs such as the personal tax relief, right to challenge tax amounts through laid down channels, tax exemptions for businesses among others”, Dominic Naab said at the training.
As every government globally urges its citizenry to pay tax as part of their obligation in developing the nation, such payment places some sort of burden on the taxpayer. In order to lessen the burden of the taxpayer, some reliefs are granted by the government.
However, some tax experts have recommended that a computerized tax filing system should be implemented so that every Ghanaian can file the returns online to reduce the delays caused by paper filing. They also believe that tax policies over the years have not improved tax reliefs granted to taxpayers. In some jurisdictions, taxpayers enjoy bigger tax reliefs. It is hoped that government policies will pay attention to this area and revise the reliefs on an annual basis.
“The current process of applying for relief annually should also be automated. Indeed, when managed properly the tax relief system can help bring on board more taxpayers”, a tax official who spoke unofficially said.
Personal Tax Relief
In effort to help educate the citizens on the awareness of some of the reliefs, we will focus on personal tax reliefs.
Types of the Personal Tax Relief:
Upfront tax reliefs
Upfront tax reliefs are granted on a monthly basis to resident individuals and employees as opposed to an annual lump sum relief.
Below are the five upfront tax reliefs:
The Marriage/ Responsibility Relief
This relief is granted to a married man or woman who takes care of the spouse and two or more children. An unmarried person who takes care of two or more children can also apply for this relief. Individuals under this category are entitled to a relief of GH¢ 1,200 per year. Only one spouse (either the husband or wife) is entitled to this relief.
Child Education Relief
A resident individual who pays his or her child’s school fees is entitled to this relief. The relief is granted to a maximum of three children attending any recognized registered educational institution in Ghana. A child under this law includes an adopted child or ward. Only one parent can claim this relief in respect of the same child/children. Each child is entitled to an amount of GH¢600 yearly.
Disability Relief
Disability relief is an incentive for persons with disabilities who are self-employed or employees. This relief is limited to 25% of assessable income from employment and not investment income of individuals in this category.
Old Age Relief
Persons who are 60 years of age and above who earn taxable income are entitled to a relief of GH¢1,500 per year.
Aged Dependent Relative Relief
This relief is for residents who have a dependent relative who is 60 years old and above. The relief covers a maximum of two dependent relatives. However, the spouse or children of the dependant are not entitled to this relief. The relief is GH¢1,000 per year.
Other Reliefs
Educational relief
The educational relief is an amount of GH¢ 2000 that is granted yearly if an individual undergoes training to update his or her professional, technical or vocational skills/knowledge.
Mortgage relief
Mortgage relief is a tax relief that is based on the amount of qualifying mortgage interest that an individual pays on a private residence in a given tax year. The interest is only granted for a single residential building.
How to apply for a tax relief
To access these reliefs, a resident individual, who is a recognized taxpayer, must fill out a prescribed form called the Tax Relief Application Form to the Commissioner General of the Ghana Revenue Authority (GRA). Employers can also file the form on behalf of their employees. However, to benefit from other reliefs that are not upfront, taxpayers are required to file their annual tax return.
Procedure
The procedure for applying for tax relief begins with the filing of Income Tax Return Form 21 (IT Form 21) by the taxpayer. This form after completion is submitted to the commissioner of Ghana Revenue Authority. In addition, if the Taxpayer is an employee, the accountant at his/her
workplace completes and countersigns a tax deduction schedule Form (IT Form 21)
supplementary on behalf of the Taxpayer.
Ghana Revenue Authority officials go through all these forms to ensure the correctness of the computations on the IT Form 51 supplementary and also ensure the proper completion and accuracy of information provided on the IT Form 21. The procedure also involves the inspection of other documents deemed necessary.
However, a taxpayer after working for some time decides to apply for tax relief in a particular year, he/she is required to file tax returns for the six preceding years. This is to ensure that the taxpayer has consistently fulfilled his/her tax obligations and also to ascertain his/her source of income over the year.
The return forms thus, Income Tax (IT 21) and deduction schedule Form (IT 51), must be filed not later than three months after the end of the assessment year (Income Tax year). The annual return forms having been completed makes it possible for the calculation of total income and to ascertain the reliefs which may be claimed by the individual taxpayer. The declaration in each of the annual returns form must be duly signed and accompanied by accounts indicating other sources of income, except in the case of employees who have no other source of income and also the illiterate who are to make oral declaration of their income must swear an affidavit to that effect.
Tema Development Company Limited (TDC) has officially launched its groundbreaking 24-Hour Prestige and Premium Services, positioning itself as a trailblazer in client-focused innovation within the sector.
Speaking at the launch event held at the company’s headquarters in Tema, Managing Director Mr. Courage Kweku Makafui Nunekpeku described the initiative as more than a business enhancement—it is, he emphasized, a strategic alignment with President John Dramani Mahama’s vision for a 24-hour economy, one that champions efficiency, responsiveness, and inclusive economic growth.
> “In today’s fast-paced world, expectations are higher than ever—and rightly so,” Mr. Nunekpeku noted. “People demand services that are fast, reliable, and always available. With the launch of this platform, we are responding not just to client needs, but to a national call for transformation.”
The newly introduced Prestige and Premium Services are designed to break the mold of traditional working hours, offering clients uninterrupted access to comprehensive real estate solutions—24 hours a day, seven days a week. From midnight inquiries and weekend property viewings to expedited documentation and executive consultations, TDC is now fully equipped to operate as a round-the-clock service hub—the first of its kind in Ghana’s public real estate sector.
Clients subscribed to the Premium Service package will enjoy a suite of elite offerings including:
Access to dedicated relationship managers
On-site engagements by appointment at any hour
The convenience of conducting transactions from a VIP lounge
A bespoke dispatch and courier service for secure, swift delivery of real estate documents across Accra, Tema, and adjoining regions
For those opting for the Prestige Service, all Premium offerings are included—with one key distinction: TDC comes to you. Whether at home, the office, or any preferred location, Prestige clients receive personalized, executive-level assistance delivered on-site, ensuring unparalleled convenience and confidentiality.
These services, according to TDC, are tailored to meet the evolving expectations of high-net-worth individuals, diasporan investors, corporate entities, and professionals whose schedules demand flexibility without compromise.
In his remarks, Mr. Nunekpeku commended President Mahama for his visionary leadership and commitment to a 24-hour economy. He also extended appreciation to the Minister for Works and Housing, the TDC Board of Directors, the company’s dedicated staff, and loyal clients for their continued support.
> “Let us step boldly into a new era—not just of real estate excellence, but of national transformation,” he declared to resounding applause from dignitaries, stakeholders, and industry leaders present.
Joining the celebration, Minister for Works and Housing, Hon. Kenneth Agyei, praised the initiative as a benchmark for modern public sector service. He described the 24-hour model as “ambitious, timely, and deeply aligned” with the government’s Resetting Agenda, which focuses on revitalizing public institutions through innovation, accountability, and citizen-centered delivery.
> “TDC has set a new benchmark. This is the future of public service in Ghana—efficient, digitally integrated, and responsive to the needs of the people,” the Minister stated.
He further emphasized that the initiative would boost operational efficiency, create new jobs both directly and indirectly, and reinforce investor confidence in the housing sector. By extending access to services at all hours, the platform also supports Ghana’s ongoing digitalization drive and strengthens inclusivity in national development.
The Minister commended Tema as the ideal setting for such an innovative rollout, noting the city’s legacy as Ghana’s foremost planned urban center and TDC’s pivotal role in its growth over the past six decades.
As the event concluded, one message stood clear: TDC Ghana Limited is not just adapting to the future—it is helping shape it. With services available 24/7 and a renewed commitment to excellence, the company is setting the pace for responsive, client-centered real estate delivery in Ghana and beyond.
Kofi Iddi Adams, Minister of Sports and Recreation, is advocating for climate leadership in the world of sport after he unveiled a series of green initiatives at the Global Sports and Sustainability Forum 2025 held in Cape Town.
Speaking at the event which brought together international audience of policymakers, sports executives, and climate advocates, the Minister urged countries to reimagine sports infrastructure as a catalyst for environmental resilience and community development.
The SPORTS20 event organised under the theme ‘Another World Is Possible’, the event featured voices from around the world exploring how sport can confront global crises like climate change and biodiversity loss.
“Flooded pitches, rising temperatures, and unpredictable weather are disrupting competitions and training schedules,” Ghana’s Sport minister said in his opening address.
“At the same time, the carbon footprint of mega sporting events rivals the electricity consumption of millions of households. We must act boldly.”
Kofi Adams hinted that the John Mahama-led administration will soon launch a new National Recreation Agency, tasked with leading a climate-conscious wellness movement.
Among its flagship programs will be National Recreation Day and National Aerobics Day, both designed to engage citizens in tree planting, clean-up campaigns, and climate-friendly sporting events.
The Minister also spoke passionately about addressing the environmental devastation caused by illegal small-scale mining, or galamsey.
In response, Ghana will develop community sports academies and green parks on degraded lands in collaboration with mining companies, offering young people alternative livelihoods through sport.
The Minister praised SUCCA Africa, GHALCA, and SPORTS20 for their role in advancing the Green Futball Initiative, which has brought climate issues into the heart of Ghana’s sports culture — from boardrooms to locker rooms.
“Through SUCCA Africa’s ESG frameworks, Ghana is positioning itself as a continental case study in sustainable football development,” he stated.
The forum also featured a compelling presentation by Prince Osisiadan, CEO of SUCCA Africa, who linked climate and biodiversity loss to the sustainability of sport itself.
He warned that without urgent action, sports would increasingly suffer from extreme weather cancellations to lost natural venues and declining public health.
GHALCA President John Ansah echoed these sentiments, stating, “The time for talk has passed; we must act decisively. African football has a unique opportunity to lead by example in sustainability. Our commitment to green practices will not only protect our environment but also inspire future generations to embrace eco-friendly sportsmanship.”
Stefan Wagner of Sports20, Germany opined that the forum marks a turning point not just in conversation, but in collective commitment to climate action through sport.
The Chairman of the ruling NDC of Awutu Senya East Constituency has called on the Narcotics Control Commission to partially decentralised their operations to help in tackling the drug menace from the district level for effective results.
Chairman Ofosu Agyare bemoans the increasingly drug trafficking syndicates spreading across the country which is fueling drug abuse menace that has eluded many of the Ghanaian youth.
In recent months, the effort of NACOC and other security agencies have helped busted many drug trafficking gangs which included suspected cocaine, Indian hemps and other pharmaceutical drugs smuggled into the country at ports of exits and mainland.
“I think if the NACOC people can decentralise their operations and establish offices within some districts, like Awutu Senya for instance, it will help a lot in fighting the drug menace eating our youth”, Chairman Agyare noted during a radio discussion.
The real estate business mogul expressed his worry at the alarming rate of drug abuse and addicts spreading across the country endangering the youth of the country.
“All what I can say is, sometimes as people trials and bad experience forces us to change from bad things, so I think if this drug dealers and addicts are arrested and putting behind bars it can help them change.”
The Narcotics Control Commission (NACOC) is a Ghanaian agency under the Ministry of Interior. It is the agency concerned with the formulation and enforcement of narcotics laws in the country. The Commission work is aimed at preventing the use, import, and export of narcotics.
It’s mission is to implement legislations and conventions on Narcotic Drugs, Precursor chemicals and Psychotropic substances through a motivated workforce and effective collaboration.
Dr Samuel Biitir speaking to participants at the ACRC workshop
Adnan Adams Mohammed
A Lead Researcher at African Cities Research Consortium, Dr Samuel B. Biitir, has indicated that Metropolitan and Municipal Assemblies in Ghana have no excuse to ensure full scale implementation of property rates.
He indicates that those assemblies are sitting on gold and should take up the duty of facilitating the full scale implementation starting with full scale valuation of the properties within the assemblies to aid the smooth administration.
Speaking in an interview at the sideline of the ACRC Urban Property Tax Workshop in Accra, the Senior Lecturer at SD Dombo University of Business and Integrated Development Studies believes property taxes, if implemented on full scale, can help develop various assemblies into world class cities. This comes as the government is committed to decentralise the collection of property tax to metropolitan, municipal and district assemblies (MMDAs) before the end of this year.
Hon Ahmed Ibrahim, Minister for Local Government interacting with participants of the workshop
“The President promised to decentralise the property taxation system and send resources to the grassroots for balanced and equitable development of the country”, the Minister of Local Government, Chieftaincy and Religious Affairs, Ahmed Ibrahim, has said in his opening remarks at the ACRC workshop yesterday. “The people of Ghana gave him an overwhelming majority of votes, so we cannot sleep on this reset agenda.”
Outcome
The move is expected to ensure that local assemblies were given stronger financial backing to undertake development projects instead of mostly relying on transfers from the central government.
The Minister, who is also the Member of Parliament for Banda also said that the government would empower local assemblies to resort to municipal bonds to finance capital projects going forward.
The three-day workshop on property tax administration in Accra yesterday, organised by African Cities Research Consortium (ACRC), a collaborative research initiative addressing critical urban development in African cities is on the theme: “Transforming urban property tax administration for improved delivery of valued public goods and services.”
Participants were drawn from ministries, departments and agencies (MDAs) in Ghana, Kenya, Uganda, Nigeria and Zimbabwe.
They are expected to share best practices and case studies from successful reforms across the continent; explore digitisation experiences and identify strategies for implementing sustainable digital reforms, including fostering collaboration among policy makers, tax administrators, researchers and international organisations to advance property tax reforms.
While property taxation is a viable source of revenue for African countries, the sector is challenged by inadequate valuation systems, incomplete property registers, and weak enforcement mechanisms.
The property sector remains underdeveloped, causing the countries to wallow in resource constraints to undertake development projects.
Implementation
Meanwhile, the Greater Accra Regional Minister, Linda Obenewaa Akweley Ocloo; the head of project delivery at ACRC, Irene Vance, and Dr Biitir, all called for the implementation of a robust property tax regime capable of raking in the needed revenue for sustainable development.
They said that within the context of dwindling donor support, it was important for local assemblies to adopt innovative reforms backed by digital solutions to unleash the potential of the property tax.
In separate statements, they stressed that the adoption of an ingenious property tax administration module that best suits the country would further help local authorities to deliver on their onerous responsibility of addressing development challenges such as sanitation, health care, and delivery of social interventions.
In a speech delivered on behalf of Ms Ocloo by the Regional Economic Planning Director at the Greater Accra Regional Coordinating Council (GARCC), Jemima Lomotey, said the workshop would bolster ongoing processes by local assemblies to adopt digital solutions for effective property tax collection.
She said her outfit would support metropolitan, municipal and district assemblies (MMDAs) within the region to deploy innovative programmes to improve domestic tax mobilisation.
Dr Biitir also said that for property tax collection to be effective, there must be depoliticisation of the process.
“Here in Ghana, it is difficult for the assemblies to collect property tax because of partisan politics. During election years, the assemblies cannot collect the needed property tax because of politics,” he said.
He underscored the need for an enhanced digital addressing system to boost property tax collection.
For her part, Ms Vance said while African cities such as Accra, Ghana; Lagos, Nigeria; Harare, Zimbabwe; Kampala, Uganda and Nairobi, Kenya were fast growing, the lack of an effective property tax system was a hindrance to unlocking their economic potentials.
National DRIP Coordinator engages Obuasi Municipal Assembly staff
The National DRIP Coordinator, Nii Lantey Vanderpuye, has impounded and handed over to the Obuasi police a back- hoe machine belonging to the Obuasi West Municipal assembly which was being used for an unauthorised activity.
The equipment was impounded by the National Coordinator on the Obuasi-Kumasi highway with a broken hydraulic valve. Upon interrogation, the operator of the machine said that he was assigned a task by one of the engineers at the assembly.
The National Coordinator not convinced invited the Obuasi police to effect the arrest of the operator and take possession of the machine for further investigation.
The National Coordinator warned that no one would be allowed to misuse any of the equipment under the management of the Secretariat and any officer who instructs the usage of any of the machines without the permission of the district roads management team and the district coordinator would be surcharged with the cost of servicing and maintenance of the said equipment. He urged the general public to be interested in how these machines are used because they are expensive national assets.
The assemblies have been advised to be patient and wait for the training of their operators before handing over the keys to them. He promised that the training regime would begin soon in all the regional capitals.
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