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Ghana to Begin Local Gold Refining on February 1 – Ghana Gold Board

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Ghana is set to achieve a major economic milestone by refining its own gold starting February 1, 2026. This follows a landmark agreement signed between the Ghana Gold Board (GoldBod) and Gold Coast Refinery on Tuesday. GoldBod CEO Sammy Gyamfi announced that the partnership will see one metric tonne of gold refined every week. This initiative ends the country’s long-term dependence on exporting raw gold to international markets.

Gyamfi explained that the move ensures Ghana finally owns and controls its precious mineral resources. The deal is expected to create thousands of direct and indirect jobs for the youth. Gold Coast Refinery will operate 24 hours a day to meet the targets set by the government. This alignment with the 24-hour economy policy aims to maximize productivity and national revenue.

The agreement covers gold sourced from both small-scale and large-scale mining operations. Refined gold will reach a purity standard of 99.9% before it is traded or exported globally. This shift is designed to strengthen Ghana’s position in the global gold value chain. The nation also stands to benefit from higher tax revenues and dividends from its 15% free-carried interest.

Dr. Saed Deraz, CEO of Gold Coast Refinery, praised the vision behind the new Ghana Gold Board. He noted that the facility has the capacity to process up to 100 metric tonnes of gold annually. He believes this industrialization drive will make Ghana more self-reliant and economically confident. The refinery is fully equipped to meet the highest international standards for gold processing.  

This development is being hailed as a decisive step toward a stronger national economy. By adding value to its gold, Ghana expects a significant boost in its total export earnings. Government officials say the move reflects a commitment to growth and local industrialization. The local refining process officially marks a new era for the Ghanaian mining sector.

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Armed Robber Expresses Remorse After Asankrangwa Heist

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In a dramatic turn of events following a daring daylight robbery in the Amenfi West Municipality, one of five suspected armed robbers has publicly apologized and vowed to turn over a new leaf. The suspect, who was paraded before the press, expressed deep regret for his actions following his arrest in connection with an incident at Malta, a suburb of Asankrangwa. “I am sorry. I won’t steal again,” he stated, offering a plea for forgiveness as he was identified by police as a member of the gang that allegedly terrorized workers at a Chinese heavy-duty machinery company.

According to police reports, the gang is accused of a violent and well-coordinated operation in which they held employees of the Chinese firm hostage. During the ordeal, the suspects made away with a staggering sum of Gh¢200,000.00. The crime has sent shockwaves through the local business community, highlighting the brazen nature of the attack, which combined the serious offenses of unlawful restraint and high-value robbery. The use of hostages and the substantial amount stolen point to a professionally executed, high-risk criminal enterprise.

Despite the suspect’s expressed remorse, legal experts note that the apology is unlikely to shield him from the full weight of the law. He and his four accomplices are expected to face a litany of charges, including conspiracy to commit robbery, unlawful imprisonment, and armed robbery. While a show of regret can sometimes be considered a mitigating factor in court, the severity of the crimes—particularly the hostage-taking and the large sum of money involved—means the gang still faces a lengthy prison sentence if convicted.

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Mahama Directs Tenants- Report Landlords Demanding Illegal Rent Advances to Court

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Accra, GHANA — President John Dramani Mahama has issued a firm directive to tenants, urging them to report landlords who demand rent advances exceeding the legal limit to the Rent Court, with a promise that the government will ensure offenders are held accountable. The President made the call during a meeting with Organised Labour at the Jubilee House in Accra on Tuesday, responding to a widespread public outcry over the common practice of landlords demanding two to three years of rent upfront. He assured tenants that they no longer need to suffer in silence, stating unequivocally, “You can report them to the rent court, and we will ensure they are dealt with.”

The President’s statement serves as a reinforcement of the existing Rent Act, 1963 (Act 220), which clearly prohibits landlords from demanding more than six months’ rent advance for any tenancy exceeding six months. Despite this long-standing law, the practice of demanding exorbitant advance payments has become normalized, placing a significant financial burden on Ghanaian workers and families. By empowering tenants to seek legal redress, President Mahama is aiming to dismantle this exploitative practice and restore the protections that are legally afforded to tenants but have been widely ignored.

President Mahama attributed the rise in these excessive demands to Ghana’s significant housing deficit, which gives landlords disproportionate leverage in negotiations. He acknowledged that the scarcity of affordable housing forces desperate tenants to agree to unlawful terms, creating a cycle of exploitation. To address this root cause, the President called for a broader national housing dialogue to develop a sustainable social housing policy. Such a policy, he noted, could make homeownership more attainable for workers through favorable mortgages and also help regulate the rental market to ensure fairer costs.

While the President’s directive has been welcomed as a crucial step toward tenant protection, it also highlights the need for systemic reform within the institutions responsible for enforcement. The Rent Control Department, which manages these disputes, faces significant logistical challenges, including a severe shortage of resources, which hampers its ability to effectively investigate and act on complaints. As a new Rent Bill is currently being considered to modernize the outdated 1963 Act and potentially establish a more powerful Ghana Rent Authority, the government’s commitment to holding landlords accountable will depend not only on tenant action but also on strengthening the very courts and agencies tasked with upholding the law.

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Okada Rider Hospitalized After Speeding Collision with Tipper Truck

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An Okada rider is currently receiving medical treatment for a serious head injury following a collision with a tipper truck earlier today. According to an eyewitness at the scene, the accident occurred when the motorcycle taxi, which was reportedly traveling at high speed, lost control and collided with the heavy-duty vehicle. The impact of the crash left the rider with significant head trauma, and emergency services were quickly alerted to the scene.

Bystanders and first responders moved swiftly to assist the injured rider before he was rushed to a nearby hospital for urgent medical care. As of the time of this report, the current condition of the rider remains unknown, and authorities have yet to release an official statement regarding the incident. The driver of the tipper truck is understood to be cooperating with investigators as they work to determine the full sequence of events that led to the crash.

 

This accident serves as a stark reminder of the ongoing risks present on our roads, particularly the vulnerability of Okada riders. While the eyewitness account points to excessive speed as a contributing factor, the incident underscores the critical need for all road users, especially motorcyclists, to exercise extreme caution and adhere to safety regulations. The lack of protection for riders makes head injuries a common and severe outcome in such collisions, highlighting the life-saving importance of wearing proper safety gear at all times. We will continue to monitor the situation and provide updates on the rider’s condition as more information becomes available.

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