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May 14, 2026
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ECG announces Friday power cuts across Ashanti, Western regions as cable fault hits Weija Junction
Money
Policy
Key Points
- The Electricity Company of Ghana (ECG) has scheduled planned and emergency maintenance for Friday, May 15, 2026, across the Ashanti and Western Regions.
- These outages will commence at 9:00 am, with durations varying; the Ashanti Region will experience power cuts until 6:00 pm, affecting numerous communities.
- In the Western Region, planned maintenance will affect Fiji Articulator Park, while emergency works will impact Aboso township, Damang, and surrounding areas until 3:00 pm.
- These interventions coincide with ECG's ongoing efforts to rectify multiple technical faults in the Accra West Region from Thursday, May 14, 2026, including a punctured underground cable.
- ECG apologized for the inconvenience, assuring the public that engineers are diligently working to resolve issues and that planned exercises are vital for network robustness.
Why This Matters
Frequent and widespread power outages, whether scheduled or emergency, significantly disrupt daily life, economic activities, and educational institutions across Ghana. This situation underscores persistent infrastructure challenges within ECG, impacting productivity, business continuity, and the overall reliability of essential services, which can deter investment and hinder national development goals.
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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.
- The reported loss, equivalent to about 1.5% of Ghana’s GDP, will be a key issue for the Minority as Parliament reconvenes.
- 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.

