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May 12, 2026
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Republic Bank brings water relief to Volta schools with solar-powered water projects
Money
Policy
Opportunity
Growth
Key Points
- Republic Bank (Ghana) PLC has commissioned two mechanised electric and solar-powered borehole systems at Adidome and Taviefe Senior High Schools in the Volta Region.
- This Corporate Social Responsibility initiative, 'Power to Make a Difference,' aims to address years of severe water scarcity faced by students and staff.
- The projects were lauded by the Volta Regional Minister, traditional leaders, and school officials for significantly improving student welfare, dignity, and learning conditions.
- The Volta Regional Minister, James Gunu, emphasized the project's alignment with Ghana's efforts to achieve Sustainable Development Goal 6 (clean water and sanitation) and highlighted the region's immense need for over 900 additional boreholes.
- Republic Bank's Managing Director, Dr. Benjamin Dzoboku, stated the bank's commitment to UN SDGs, education, and community development, measuring success beyond just financial performance.
Why This Matters
This initiative is profoundly significant for Ghana as it directly tackles critical infrastructure deficits in water and sanitation, which are fundamental for public health and educational advancement. It showcases how private sector CSR can effectively supplement government efforts to achieve national development objectives like SDG 6, thereby fostering improved living and learning conditions for future generations across the country.
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August 24, 2026
GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako
- The Ghana Gold Board (GoldBod) has vehemently denied claims by MP Dr. Gideon Boako that it owes the Bank of Ghana (BoG) a GH¢1 billion overdraft.
- Dr. Boako, a Deputy Ranking Member on Parliament’s Finance Committee, questioned GoldBod's reported GH¢907 million profit, stating an outstanding overdraft would reflect a loss.
- GoldBod labeled Dr. Boako’s claim as “totally false,” a “deliberate and malicious smear campaign,” and demanded a retraction and apology.
- This dispute is set against a broader political and economic debate concerning GoldBod’s financial performance and the accounting treatment of GH¢22 billion losses from the Domestic Gold Purchase Programme (DGPP).
- GoldBod asserts it has never taken any loan, overdraft, or debt instrument from the Bank of Ghana or any financial institution since its establishment.
August 24, 2026
GoldBod losses remain key on Minority agenda as Parliament reconvenes – Afenyo-Markin
- The NPP Minority Leader, Alexander Afenyo-Markin, reaffirmed the caucus's commitment to investigate a reported US$1.7 billion loss linked to the Bank of Ghana’s Domestic Gold Purchase Programme and the Ghana Gold Board (GoldBod).
- This commitment was reiterated after Afenyo-Markin met with NPP flagbearer Dr Mahamudu Bawumia in Accra.
- Dr Bawumia commended the Minority Caucus for its accountability efforts and encouraged their continued work.
- The reported loss, equivalent to about 1.5% of Ghana’s GDP, will be a key issue for the Minority as Parliament reconvenes.
- The Minority is resolute in pursuing the matter to get answers for the Ghanaian public regarding the circumstances of the loss.
August 23, 2026
Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
- The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
- However, IERPP tempers this optimism with concern over an estimated GH¢22 billion (US$1.7 billion) loss from the Domestic Gold Purchase Program (DGPP).
- The DGPP loss is significant, equating to about 65 cents for every US$1 of FDI attracted, highlighting a major resource management issue.
- IERPP emphasizes that while FDI is crucial, it cannot substitute for prudent management and protection of existing public resources.
- The Institute calls for greater transparency, a clear breakdown of DGPP losses, and intense scrutiny from accountability institutions, Parliament, and civil society.