President Mahama Directs End to Foreign Currency Denominated Government Contracts

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ACCRA, Ghana –  In a significant policy shift, President Mahama has issued a directive that, effective today,  July 24, 2025 , all government contracts awarded will no longer be denominated in foreign currency. This new mandate applies irrespective of the funding source for the contract. The directive was announced by Ato Forson, though further details on the implications and rationale behind the decision are anticipated. The move suggests a strategic effort by the government to potentially strengthen the local currency, manage foreign exchange risks, and promote greater stability within the national economy. This policy change is expected to have broad implications across various sectors engaged in government projects, from infrastructure development to service provision. Contractors and stakeholders will likely need to adjust their financial planning and bidding strategies to align with the new requirement for local currency denominations.

Opoku Prempeh's Nkrumah Slur Ignites Fresh Political Firestorm



The simmering political landscape in Ghana has been reignited by controversial remarks made by the NPP's vice presidential candidate, Dr. Matthew Opoku Prempeh, about Ghana's founding father, Dr. Kwame Nkrumah. Opoku Prempeh's assertion that no Ghanaian leader, including Nkrumah, has matched President Akufo-Addo's developmental strides has sparked outrage and condemnation from various quarters.

Sekou Nkrumah, the son of the iconic independence leader, has led the charge against the NPP's second-in-command,dismissing his comments as a desperate attempt to pander to the party's base. The younger Nkrumah, in a scathing rebuke,argued that his father's legacy transcends partisan politics and that such disparaging remarks are not only disrespectful but also historically inaccurate.

Nkrumah's enduring impact on Ghana, particularly in infrastructure development and the nation's path to independence, is undeniable. The Akosombo Dam, a monumental project spearheaded by Nkrumah, remains a testament to his visionary leadership. Critics argue that subsequent governments have failed to build upon this legacy, and Opoku Prempeh's comments appear to be an attempt to rewrite history.

The NPP's justification for such a bold claim remains unclear, and it is likely to face intense scrutiny in the coming days.The opposition NDC has wasted no time in capitalizing on the situation, portraying the NPP as a party that is out of touch with the nation's history and aspirations.




As the political temperature rises, it is evident that the Nkrumah legacy continues to be a potent force in Ghanaian politics. Whether Opoku Prempeh's comments will damage the NPP's electoral prospects remains to be seen, but they have undoubtedly opened a new chapter in the ongoing battle for the hearts and minds of the Ghanaian electorate.

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