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May 17, 2026
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Navy rescues seven suspected Ivorian stowaways from oil tanker off Tema coast
Policy
Key Points
- The Ghana Navy rescued seven suspected Ivorian stowaways from the rudder trunk of the Belgium-registered crude oil tanker, MT Cap Felix, off the Tema coast.
- The operation, led by GNS Achimota, was initiated after a distress alert relayed from Abidjan, locating the tanker 200 nautical miles south of Tema.
- Preliminary investigations revealed the stowaways are Ivorian nationals who clandestinely boarded the tanker in Côte d'Ivoire, its last official port of call.
- Despite the hazardous conditions, all seven individuals were found in good medical condition and safely transported to Tema Harbour.
- They have been handed over to the Ghana Ports and Harbours Authority, Ghana Immigration Service, and Marine Police for further investigation and legal action, as the Navy reaffirms its commitment to maritime security.
Why This Matters
This incident highlights the Ghana Navy's operational capabilities and commitment to maritime security in the Gulf of Guinea, addressing issues like illegal migration and transnational crime. It underscores the importance of regional and inter-agency collaboration in safeguarding Ghana's maritime domain and maintaining stability.
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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.