Back to Latest Briefings
March 8, 2026
AI-Enhanced
President Mahama bans foreign travel for boards of SOEs and public institutions over rising costs
Money
Policy
Opportunity
Growth
Key Points
- President John Dramani Mahama has ordered an immediate halt to state-funded international travel for training, conferences, retreats, and study tours by boards of State-Owned Enterprises (SOEs) and public institutions.
- The directive, dated March 5, 2026, aims to strengthen fiscal discipline and ensure prudent management of national resources, citing growing concerns over the frequency and cost of such trips.
- Exceptional international engagements may be considered necessary, but require formal request and express approval from the President through the Chief of Staff, with detailed justification.
- The government strongly encourages prioritizing local training programs, in-country retreats, and virtual platforms as cost-effective alternatives for capacity development.
- This policy is part of a broader strategy to control non-essential public spending and redirect scarce national resources towards priority programs, infrastructure development, and social interventions benefiting Ghanaians.
Why This Matters
This directive is highly significant for Ghana as it directly addresses issues of fiscal discipline and public resource management, which are critical for economic stability. By curbing non-essential international travel, the government aims to free up substantial funds that can be redirected towards crucial national priorities like infrastructure and social development. This move could improve Ghana's financial health, reduce public debt, and enhance accountability in public institutions.
Read Full Article
View original sourceRelated Articles
April 9, 2026
Dr. Dre joins Forbes billionaires list as second-richest hip-hop artist with $1 billion fortune
- Dr. Dre has officially been placed on Forbes' 2026 World’s Billionaires list.
- His net worth is estimated at $1 billion, largely built through music, production, and the sale of Beats by Dre.
- He is now one of only six musicians on the list, alongside Jay-Z, Beyoncé, Rihanna, Taylor Swift, and Bruce Springsteen.
- Forbes identifies Jay-Z as the world's wealthiest musician with an estimated net worth of $2.8 billion.
- This recognition solidifies Dr. Dre's status as a self-made American billionaire and a major figure in global music and business.
April 8, 2026
AGI commends government’s move to resolve the power crisis in Volta and Oti Regions
- The Association of Ghana Industries (AGI) has commended the government's efforts to resolve the power crisis in the Volta and Oti Regions.
- Plans are underway to rehabilitate transmission lines with higher voltage cables and other machinery to improve power supply.
- This project aims to increase power capacity from GRIDCO to ECG, benefiting clients across the two regions.
- Current power cuts and fluctuations have severely hindered industrial production, particularly impacting small and medium-skilled enterprises.
- AGI hopes the project will be completed within the stipulated one year to ensure stable power for sustained industrial production.
April 7, 2026
Legendary manager Lucescu dies days after resigning
- Legendary Romanian football manager Mircea Lucescu has died at the age of 80.
- He passed away five days after stepping down as Romania's head coach due to illness.
- Lucescu had an extensive managerial career, leading clubs like Inter Milan, Galatasaray, Shakhtar Donetsk, and the Turkish national team.
- The Romanian Football Federation and various clubs paid tribute to him as a brilliant tactician, mentor, and national symbol.
- He also captained Romania at the 1970 World Cup as a player.