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July 7, 2026
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UNIMAC appoints Ernest Ofori Sarpong as First Chancellor
Money
Policy
Opportunity
Growth
Key Points
- The University of Media, Arts and Communication (UniMAC) has appointed renowned Ghanaian businessman Ernest Ofori Sarpong as its first Chancellor.
- The appointment, approved by the Governing Council, takes effect in August 2026.
- Mr. Ofori Sarpong, CEO of the Special Group of Companies, is lauded for his visionary leadership across diverse sectors including manufacturing, real estate, finance, and media.
- As Chancellor, he will serve as the ceremonial head, providing leadership, promoting UniMAC's vision, strengthening industry engagement, and conferring degrees.
- UniMAC expects his stewardship to deepen industry collaboration, expand strategic partnerships, and enhance its national and international profile.
Why This Matters
This appointment is significant for Ghana as it bridges a prominent industry leader with a key higher education institution, UniMAC. It signals a strategic move to enhance practical skills development, foster innovation, and create better job opportunities for graduates in media, arts, and communication by strengthening the link between academia and industry. This collaboration could elevate UniMAC's standing and directly contribute to Ghana's human capital development and economic growth.
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GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako
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- 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).
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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).
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- Dr Bawumia commended the Minority Caucus for its accountability efforts and encouraged their continued work.
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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.