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August 14, 2026
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Don’t build what you can’t afford to finish – Architect on building a dream home
Money
Opportunity
Growth
Key Points
- Architect Nana Akua Birmeh advises Ghanaians to prioritize building homes they can realistically afford over ambitious, unfinishable dream projects.
- She notes that many people begin construction without properly assessing costs or their financial capacity, leading to years of unfinished or abandoned houses.
- Birmeh advocates for a gradual approach to home ownership, starting with a manageable property and upgrading over time, akin to climbing a 'home's ladder'.
- She attributes the high number of uncompleted buildings in Ghanaian cities partly to individuals failing to calculate the full cost of their dream homes.
- The article concludes by mentioning Republic Bank's efforts through the JoyNews Habitat Fair to connect prospective homeowners with financing and affordable housing solutions.
Why This Matters
This article is highly significant for Ghana as it addresses the prevalent issue of uncompleted buildings, which represent significant wasted capital and resources across the country. Architect Birmeh's advice promotes financial prudence and a more sustainable approach to home ownership, which can lead to greater individual financial stability and more efficient urban development. The mention of Republic Bank's initiatives highlights ongoing efforts to make home ownership more accessible and address the housing deficit responsibly.
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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.
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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.