Category: Daily Guide Network

Companies that go public must see a stock exchange listing as a long-term partnership with investors, not just a way to raise money, the CEO of the National Pensions Regulatory Authority, (NPRA) Chris Boadi-Mensah, has said.

Speaking at the listing ceremony of Kasapreko PLC on the Ghana Stock Exchange on Monday, June 15, 2026, Mr. Boadi-Mensah urged Ghanaian businesses to adopt investor-friendly ownership and governance structures to attract institutional capital.

He told stakeholders that pension funds and other institutional investors prefer companies that show transparency, accountability, and a genuine willingness to share ownership with the public.

‘Success in public listings globally often depends on founders and shareholders creating broad ownership opportunities for investors,’ he said. Companies with narrow ownership and limited free float often struggle with liquidity and investor participation.

Broad free float arrangements improve liquidity and price discovery, making firms more attractive to institutions. ‘A sufficiently broad free float not only enhances liquidity and price discovery but also provides institutional investors with the confidence that they can participate meaningfully in the growth journey of the company,’ Mr. Boadi-Mensah noted.

He added that firms embracing broad-based ownership and strong governance are better positioned to secure long-term capital and lasting investor relationships.

‘Ghana’s expanding pension sector offers a key financing window for local businesses, he said. Pension assets under management reached GHS120 billion by the end of Q1 2026, creating a substantial pool of domestic capital for productive investments,’ he said. ‘The NPRA remains committed to promoting diversification within the pension industry and deeper participation in Ghana’s capital market.’

He encouraged more local firms to list, saying the current environment favors businesses ready for public ownership and accountability.

Mr. Boadi-Mensah commended Kasapreko PLC for opening itself to public investment and praised the Ghana Stock Exchange for new listing rules designed to boost market integrity and attract issuers.

Stronger collaboration between regulators, institutional investors, and listed companies is essential to building a deeper, more vibrant capital market that can drive Ghana’s long-term economic transformation, he concluded.

Traders and farmers in the Fumsua Electoral Area of the Sekyere Afram Plains District in the Ashanti Region have been cut off from accessing the Sempoa Market following heavy rains that submerged major roads and bridges in the area.

The flooding brought vehicular movement to a complete standstill, leaving many traders stranded and unable to transport their goods to the market.

Some traders, however, managed to reach the market with the assistance of strong young men in the community who carried their goods on their backs across the flooded sections.

Residents say the situation has become a recurring challenge whenever heavy rains occur, severely affecting economic activities and the livelihoods of farmers and traders who depend on the Sempoa Market, the main trading centre for several surrounding communities.

According to them, the poor state of the roads and bridges continues to hamper the transportation of farm produce and other goods, resulting in financial losses and hardship for residents.

They have therefore appealed to the government and the District Assembly to urgently rehabilitate the affected roads and bridges to ensure easy access to the market and other essential services.

The Assembly Member for the Fumsua Electoral Area, Dramani Mustakilu, who witnessed the situation, expressed concern over the worsening condition of the access routes and called on the relevant authorities to intervene without delay.

He warned that if immediate action is not taken, the recurring flooding could further disrupt economic activities and negatively impact the lives of residents in the area.

Hours of heavy rainfall in some parts of the Western Region on Sunday caused a major landslide that blocked the busy Akoon-Bogoso Junction road in the region.

The incident occurred near Redeemer Hospital, opposite the Gold Fields Junction, close to Tarkwa.

Large volumes of mud, rocks, and debris slid from a nearby hillside onto the road, completely obstructing vehicular movement along the stretch.

Fortunately, no injuries or fatalities were recorded.

It, however, caused a significant traffic disruption and raised safety concerns for motorists and residents in the Tarkwa-Nsuaem Municipality of the region.

The blockage left motorists stranded and forced many commuters to turn or use alternative routes.

The blocked road serves as an important link for residents, workers, and commercial transport operators travelling within Tarkwa and surrounding communities.

The road users have therefore been advised to avoid the area and seek alternative routes until the debris are cleared and the road is deemed safe for travel.

‘This is not the first time the location has experienced such an incident,’ an eyewitness disclosed.

He said a minor landslide was recorded at the same spot recently. ‘This is raising concerns about the stability of the hillside and the need for long-term preventive measures,’ he added.

The latest landslide highlights the growing risks associated with heavy rains in Tarkwa-Bogoso area including flooding, erosion, and slope failures, particularly in communities located near steep embankments and landscapes.

The Member of Parliament (MP) for Manhyia South, Nana Agyei Baffour Awuah, has disclosed that New Patriotic Party (NPP) members on Parliament’s Constitutional, Legal and Parliamentary Affairs Committee will take steps to verify whether former Microfinance and Small Loans Centre (MASLOC) CEO, Sedina Tamakloe-Attionu is in prison custody.

Speaking on JoyNews’ currrent affairs programme Newsfile on Saturday, Mr. Baffour Awuah announced plans by Minority MPs to take steps to independently verify the incarceration status of the former MASLOC CEO.

Baffour Awuah, who is also the Vice Chairperson of Parliament’s Subsidiary Legislation Committee, said government’s failure to publicly disclose details surrounding Madam Tamakloe-Attionu’s imprisonment has fuelled public suspicion about transparency in her imprisonment process.

He said, ‘When information that should ordinarily be made available to the public is not disclosed, it raises suspicion about the transparency and credibility of government. I am not surprised by growing public doubts over whether Tamakloe-Attionu is currently serving her sentence in prison custody.

‘The NPP members on that committee will be taking steps in the coming week to confirm and verify that indeed she is in prison custody, we intend to take action in the coming week to establish the facts.’

According to him, if government officials are unwilling to provide information, the Minority will ensure that Ghanaians are informed, stressing that the principle of equality before the law must be upheld.

‘It cannot be business as usual where members of the ruling party are subjected to one justice system while ordinary Ghanaians are treated differently. There should be equality before the law,’ he added.

Media personality, Vim Lady, has said that people who marry traditionally can still share properties acquired during the marriage if they divorce.

In a video circulating on TikTok, Vim Lady dismissed claims that only couples who marry through an ordinance or a court wedding are entitled to property sharing after divorce.

‘Those saying that because someone married traditionally, they will not share properties when they divorce, that’s not entirely true. Whether you marry traditionally, in court, or through an Islamic wedding, you can still share properties with your partner when the marriage ends,’ she said.

According to her, Ghana’s laws recognise different forms of marriage and do not exclude people in customary marriages from claiming a share of jointly acquired assets.

She explained that couples can choose to settle issues relating to property on their own without going to court if both parties agree.

‘When both spouses understand each other and decide not to let the court intervene, and you’re both sure you can handle everything, then you can go ahead and do that,’ she stated.

Vim Lady also noted that customary marriages can be registered, but registration does not change them into ordinance marriages.

‘If you register it, it doesn’t become an ordinance marriage. It remains a traditional marriage that has been registered,’ she explained.

Using actress Nana Ama McBrown as an example, Vim Lady said properties owned before marriage usually remain with their original owners, while assets acquired during the marriage may be shared.

‘What may be shared are the properties acquired during the marriage. However, if both parties understand each other, they can decide among themselves who takes what,’ she said.

She advised the public not to be deceived into believing that people in traditional marriages have no right to marital property after divorce.

Benjamin Dimongso Kafari, Executive Director of ASERD-Ghana, has urged stronger collaboration among government institutions, traditional authorities, security agencies, civil society, development partners and communities to promote sustainable farmer-herder peace and the inclusion of Fulbe communities in national development.

Speaking as guest of honour at the North East Regional Conference of Tabital Pulaaku International in Walewale, which seeks to foster understanding and constructive engagement among diverse groups and to support ongoing peace building efforts in the region, Mr. Kafari described the conference theme, ‘Farmer-Herder Peace: A Collective Responsibility of All Stakeholders,’ as timely given rising tensions across Ghana and the West African sub-region.

‘Farmer-herder peace is a shared responsibility that demands collective commitment and practical action,’ he said.

Mr. Kafari identified competing demands for land and water, climate change, environmental degradation, population growth, misinformation and weak conflict-management structures as key drivers of farmer-herder conflict.

He acknowledged the significant economic contribution of Fulbe communities through livestock production, dairy and meat supply, trade and rural livelihoods, but warned that stigmatisation and negative stereotyping where criminal acts by a few are attributed to the whole community undermine social cohesion and development.

He recommended strengthening dialogue and local mediation by involving chiefs, Fulani leaders, women and youth in conflict-resolution structures, implementing land-use planning, designated grazing corridors and watering points, transparent compensation mechanisms and early-warning systems to prevent and de-escalate clashes among others.

As a consultant to the National Council of Fulani Chiefs (NCFC) in Ghana, Mr. Kafari called on media, opinion leaders, educational institutions, religious bodies and civil society to promote responsible communication, intercultural dialogue and peace education.

He urged journalists to avoid inflammatory reporting and ethnic profiling, stressing that no community should be judged by the actions of a few.

According to him, government action alone will not secure lasting peace, urging that citizens must reject actions that fuel division and embrace dialogue, cooperation and respect for diversity, while expressing confidence that inclusive, sustained engagement can transform istrust into cooperation and shared prosperity.

THE KUMASI Metropolitan Assembly (KMA) has initiated moves to stop floods and its accompanying devastating effects in the Ashanti Region.

As part of this commendable agenda, the assembly has decided to comprehensively desilt all choked drainage systems, especially in flood-prone communities.

The Chief Executive of KMA, Richard Ofori Agyeman Boadi, popularly known as ‘Zuba’, made this announcement, stressing that KMA is determined to prevent floods.

‘The assembly is determined and combat ready to deal with all flood issues in the city in order to safeguard lives and properties, especially as the raining season looms.

‘The KMA’s team of hardworking people will therefore desilt all choked gutters and drainages in the city in order make the residents feel safe even when it rains heavily,’ he said.

The Kumasi Mayor was speaking when he led a delegation from the KMA to inspect drainage systems in the Asafo Market and the WAEC area some few days ago.

According to him, the assembly’s visit to the drainage systems would not be a nine-day wonder, assuring that the KMA would intensify efforts to prevent floods.

In a related development, the KMA has also announced its readiness to intensify efforts to punish recalcitrant residents who breach sanitation laws with impunity in the city.

‘Starting from July 1, 2026, a special task force comprising environmental officers and security men will visit communities to enforce environmental health and sanitation laws.’

The above statement was contained in a press release from the KMA, which also announced a ‘massive clean-up exercise at Abrepo Electoral Area on Saturday, July 4, 2026.’

Ruben Amorim has agreed to become AC Milan’s next head coach.

While there is no deal signed just yet, the 41-year-old is expected to fly into Milan later this week and sign a two-year contract to replace Massimiliano Allegri, who was sacked after a catastrophic run of form at the end of the season led to the club missing out on Champions League qualification.

Reports in Italy claim Amorim has said he will forego the year’s pay he was still owed by Manchester United following his dismissal in January.

In February, United said Amorim’s exit, together with his coaching staff, could cost the club up to £15.9m.

It is not known whether United will have to outline the saving in their next set of financial results, which are due out in the autumn.

Amorim was axed after a torrid 14 months at Old Trafford.

However, prior to that, he had become one of Europe’s most sought-after young coaches due to his work at Sporting, where he ended the club’s 19-year wait for a league title in 2020-21, and then won it again in 2023-24.

Amorim replaced Erik ten Hag at Old Trafford in November 2024 after the club rejected his plea to take over at the end of the season.

Last month, sources close to Amorim distanced him from the impending vacancy at former club Benfica as it became apparent Jose Mourinho was about to leave for Real Madrid. Former Fulham boss Marco Silva has since been appointed.

Providing the contracts are signed as expected, Amorim’s first game in charge will be a pre-season match at Celtic on 25 July.

Ironically, they conclude their pre-season campaign against Manchester United in Wroclaw on 15 August.

Veteran Ghanaian diplomat, James Victor Gbeho, has died at the age of 91, having served as a diplomat for more than four decades.

James Victor Gbeho, who was born on January 12, 1935, in Keta, Volta Region, died on Saturday, June 13, 2026. He was the son of Philip Gbeho, the renowned Ghanaian composer credited with composing Ghana’s national anthem.

James Victor Gbeho served as diplomat to Ghana’s missions in China, India, Nigeria, Germany, the United Kingdom and Switzerland.

He later served as Ghana’s Permanent Representative to the United Nations in New York from 1980 to 1990, representing the country during a period of significant geopolitical change.

In 1994, he was appointed Special Representative of the United Nations Secretary-General to Somalia, a role that placed him at the centre of international efforts to restore stability in the Horn of Africa, and later served as ECOWAS Special Representative to Liberia following efforts to resolve the country’s civil conflict.

Under former President Jerry John Rawlings, Gbeho entered politics and served as Ghana’s Minister for Foreign Affairs from 1997 to 2001, and also represented the Anlo Constituency in Parliament from 2001 to 2005.

Apart from serving as Foreign Affairs Minister, Victor Gbeho was later elected as President of the ECOWAS Commission in February 2010, where he worked to deepen regional integration and strengthen cooperation among member states.

Gbeho continued to serve as a foreign policy adviser to former President John Evans Atta Mills, offering guidance on regional and international affairs after serving his tenure at the ECOWAS Commission in 2012.

Health experts have urged the government to scale up and integrate newborn screening for sickle cell disease as the Africa Centres for Disease Control and Prevention launches a new continental plan to tackle inherited blood disorders.

The coordinated regional framework on sickle cell disease was endorsed at a Technical Validation and Launch Workshop attended by health ministers, development partners, and international health agencies.

It builds on work by the American Society of Hematology’s Consortium on Newborn Screening in Africa. More than 300,000 babies are born with sickle cell disease annually in sub-Saharan Africa, with many undiagnosed or untreated.

The new strategy emphasises newborn screening, early intervention, workforce development, and sustainable financing.

Clinical Director of Hematology at Brigham and Women’s Hospital, Dr. Maureen M. Achebe, called the launch a turning point for sickle cell care in Africa.

‘The Africa CDC has unveiled a continental plan for sickle cell disease and other inherited disorders, and this marks a turning point in the fight against one of Africa’s most severe health challenges,’ she said.

She noted it builds on a technical working group established in April 2025. Dr. Achebe pointed to lessons from CONSA, which has screened nearly 175,000 newborns across participating countries, showing that large-scale screening is feasible in African health systems.

‘They’ve all been models for different things. They haven’t necessarily done exactly the same thing but have been models in ways that sickle cell disease can successfully be addressed in different countries,’ she said.

Experts say Ghana must move from pilot and fragmented interventions to a fully integrated national programme embedded within existing healthcare structures.

Dr. Achebe said newborn screening can be incorporated into vaccination clinics and teaching hospitals rather than stand-alone programmes.

‘What there is to learn from CONSA is that it is to integrate newborn screening into healthcare systems that already exist,’ she stated. ‘Early intervention is critical, particularly in the first five years of life. Proven measures include penicillin prophylaxis, malaria prevention, routine vaccinations, and early hydroxyurea therapy.’

‘There is a stark difference between median life expectancy in high-income countries and under-5 mortality in sub-Saharan Africa. These preventative measures can prevent a significant amount of under-5 mortality,’ Dr. Achebe said.