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October 6, 2026
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GES should consider regional processing of teacher promotions – FWSC CEO
Money
Policy
Key Points
- FWSC CEO Dr George Smith-Graham proposes a regional approach to processing teacher promotions.
- This approach aims to prevent delays in the payment of promotion-related arrears to teachers.
- The current system, which processes all national promotion data at once, causes significant administrative burden and payment slowdowns.
- Outstanding promotion arrears are a key issue in ongoing disputes between the government and teacher unions.
- Initial promotion claims have been processed and paid, with additional claims now being validated by the Controller and Accountant-General’s Department for supplementary payments.
Why This Matters
This proposal directly addresses a long-standing administrative inefficiency that has led to significant financial distress for teachers and ongoing disputes with teacher unions. Implementing a regional approach could streamline the promotion and payment process, improving teacher welfare and fostering better industrial relations within Ghana's crucial education sector.
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October 6, 2026
AMA intensifies enforcement to reclaim BRT bus shelters from traders
- The Accra Metropolitan Assembly (AMA) has intensified enforcement to evict traders and commercial operators from Bus Rapid Transit (BRT) shelters.
- The latest operation, led by Mayor Michael Kpakpo Allotey on October 5, 2026, targeted the Aayalolo BRT shelter at Kwame Nkrumah Interchange.
- The exercise aims to restore facilities for commuters, improve pedestrian and vehicular movement, and enhance public safety by clearing obstructions.
- Mayor Allotey stated the action is necessary to make Accra functional and protect public infrastructure, not to deprive individuals of livelihoods.
- He emphasized the need for cooperation from residents, traders, motorists, and city authorities to restore discipline in public spaces.
October 6, 2026
KGL U17 Colts 2026: Prempeh Elite Academy, Brong Ahafo lead groups after Matchday Two
- Prempeh College and Brong Ahafo have emerged as early leaders in Groups A and B, respectively, after Matchday Two of the 2026 KGL Foundation Inter-Regional U17 Colts Championship.
- Prempeh College tops Group A with a perfect six points, with Greater Accra in second place on goal difference.
- Brong Ahafo also leads Group B with a flawless six points, followed by Western Region and Elite Academy BIG Boss.
- The championship is sponsored by the KGL Foundation and is an integral part of the Ghana Football Association’s Talent Development Scheme (TDS).
- It serves as a crucial platform for identifying, developing, and nurturing emerging U17 football talent across Ghana.
October 6, 2026
Ghana Reference Rate falls to 10.04% in October as borrowing costs ease
- The Ghana Reference Rate (GRR) has fallen to 10.04% in October 2026, down from 10.18% in September, continuing a recent downward trend.
- This decline is primarily attributed to slight reductions in Treasury bill rates and interbank market rates.
- The movement in the GRR this year has been more influenced by fiscal and money-market conditions than the unchanged Monetary Policy Rate of 14%.
- The marginal decline offers relief to existing variable-rate borrowers and could benefit new borrowers through lower credit costs.
- Average lending rates have consequently fallen to around 15%, with some customers accessing credit between 11% and 12.5%.


