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May 10, 2026
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Garden City University set to build Ghana’s first private university teaching hospital
Policy
Opportunity
Growth
Key Points
- Garden City University (GCU) has broken ground for the Ashanti region’s first private University teaching hospital, a 100-bed facility expected to be completed in 18 months.
- The teaching hospital aims to strengthen practical training for health professionals, expand healthcare access, and address the national demand for healthcare workers.
- GCU introduced its newly constituted 21-member University Council and new Vice-Chancellor, Professor Eric Kwasi Ofori, during a courtesy call on the Asantehene, Otumfuo Osei Tutu II.
- The university plans to launch a Graduate Entry Medical Programme (GEMP), a Graduate Entry Dental Programme (GEDP), and other new health-related postgraduate and specialized programs.
- Otumfuo Osei Tutu II, who supported GCU in attaining its Presidential Charter, charged the new leadership to uphold the integrity and quality of the institution.
Why This Matters
This initiative significantly boosts Ghana's healthcare infrastructure and human resource development, particularly in the Ashanti Region. It will enhance medical education, provide advanced training opportunities, and contribute to addressing the national shortage of healthcare professionals, thereby improving access to quality healthcare for Ghanaians.
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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.
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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.
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- 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.