JPMorgan predicts gold could hit $8,000 per ounce
Business News of Thursday, 29 January 2026Source: www.ghanaweb.comGlobal investment bank JPMorgan has projected that gold prices could rise as high as $8,000 per ounce in the coming years. JPMorgan on Thursday said gold is becoming more important as a hedge against economic uncertainty and inflation, especially as global financial conditions tighten and geopolitical tensions continue. For Ghana, which is one of Africa’s top gold producers, this outlook has major implications. Gold remains Ghana’s top export commodity, accounting for a large portion of the country’s export revenues and higher prices could also strengthen the cedi, improve the balance of payments, and increase government revenues through royalties and taxes. JUST IN: JPMorgan sees Gold at $8,000 — Kalshi (@Kalshi) January 29, 2026MA
Source:GhanaWeb
January 29, 2026 18:36 UTC
Here's why the Supreme Court cancelled Kpandai 'by-election'
The ruling of the court, which effectively cancelled a by-election announced by the Electoral Commission of Ghana (EC), was on an application filed by Mathew Nyindam, challenging the order of the High Court. What the plaintiff was seeking:On December 1, 2025, Mathew Nyindam filed the application at the Supreme Court to overturn a High Court ruling in Tamale that annulled his victory in the 2024 parliamentary election. He also argued that the election petition of the petitioner, Nsala Wakpal, was brought in breach of the timelines for the filing of an election petition. What the law on election petition says:Sections 16, 17 and 18 of the Representation of the People Law, 1992, PNDCL 284, touch on parliamentary election petitions. (2) Every election petition shall be presented before the High Court for hearing.”Section 17 lists the persons who can take part in an election petition.
Source:GhanaWeb
January 29, 2026 18:36 UTC
Ghana's Tyrone Marhguy builds CPU from scratch
General News of Thursday, 29 January 2026Source: www.ghanaweb.comTyrone Iras Marhguy is not your everyday student. What makes his achievement even more remarkable is that he had no prior experience in chip design when he started. Driven by curiosity and determination, Tyrone dedicated over 250 hours to the project — carefully designing, simulating and verifying every part of the ALU from scratch. Tyrone’s work is a powerful reminder that innovation is not limited by location or resources, but by imagination and persistence. In Tyrone, Ghana is witnessing more than a young inventor it is seeing a future leader whose brilliance is matched by conviction.
Source:GhanaWeb
January 29, 2026 17:45 UTC
NDC bars all government appointees from contesting for party positions
Politics of Thursday, 29 January 2026Source: www.ghanaweb.comThe ruling National Democratic Congress (NDC) has announced that individuals seeking positions in the government cannot simultaneously hold executive positions within the party. Speaking at a press conference in Accra on Thursday, January 29, 2026, the General Secretary of the party, Fifi Fiavi Kwetey, stated that government appointees who wish to contest party positions must resign from their governmental offices. Government appointees who intend to hold party positions are required to resign at least six clear months before submitting their nomination forms. “The NDC is a big party, and it cannot continue to have people holding positions in both the government and the party because it has enough qualified people,” he added. The General Secretary further announced that the party will begin its internal elections with branch primaries between January 2026 and May 2026.
Source:GhanaWeb
January 29, 2026 17:04 UTC
MDAs must obtain new commitment authorisation for 2026 spending - MoF
Addressing Chief Directors, Heads of Covered Entities, and Chief Executives of Public Institutions at a meeting on the modalities for Commitment Authorisation for 2026, the Deputy Minister stressed that all spending in 2026 must strictly remain within approved budgetary ceilings. Ampem, who is also the Member of Parliament for the Asuogyaman Constituency, announced a new two-week turnaround target for the Ministry of Finance to process and approve Commitment Authorisation requests, provided all required documentation is properly submitted. The Deputy Minister further clarified that MDAs with ongoing projects from 2025, where contracts have been awarded but payments remain outstanding, must fully disclose these commitments. Such obligations, he said, will be treated as a first charge on their 2026 budgets before any new expenditure is approved. Explaining the rationale behind the Commitment Authorisation system, Ampem noted that it was introduced to prevent public institutions from committing the state to projects without approved budgetary allocations.
Source:GhanaWeb
January 29, 2026 16:08 UTC
UCL: Real Madrid shocked by Benfica, Barcelona, Chelsea, Arsenal progress
The most talked-about fixture was Real Madrid’s 4-2 loss to Benfica, despite Kylian Mbappé scoring a brace. The defeat ended Los Blancos’ hopes of automatic qualification, leaving them ninth and heading into the play-offs to determine their fate. At the Wanda Metropolitano, Atlético Madrid were stunned by Bodø/Glimt, as Sørloth’s opener was cancelled out by Horgh and Fredrik, securing a 2-1 away win. Premier League sides continued their dominance:Arsenal sealed top spot with a 3-2 win over Kairat Almaty. Chelsea travelled to Naples and beat Napoli 3-2, with João Pedro netting a brace.
Source:GhanaWeb
January 29, 2026 14:48 UTC
Pep Guardiola thanks Mourinho for beating Real Madrid
Sports News of Thursday, 29 January 2026Source: www.ghanaweb.comManchester City manager, Pep Guardiola publicly thanked his old rival José Mourinho after City secured a place in the Champions League last 16, thanks to Benfica’s dramatic late victory over Real Madrid on Wednesday, January 28, 2026. However, qualification also depended on results elsewhere, and late goals from Sporting Lisbon and Chelsea had left City nervously occupying eighth place in the group. As the final whistle blew at the Etihad, only Real Madrid could still threaten City’s top-eight finish. Stay in the goal because Madrid can equalise!’ After that, we are out. Asked if he would send Mourinho a message of gratitude, Guardiola replied simply: “Of course.”FKA/JEMeanwhile, watch the 2025 GhanaWeb Excellence Awards Nominees Unveiling below:
Source:GhanaWeb
January 29, 2026 14:22 UTC
CAF dismisses Morocco’s appeal to strip Senegal of AFCON title
Sports News of Thursday, 29 January 2026Source: www.ghanaweb.comThe appeal from the Federation of Royal Moroccan Football (FRMF) seeking to strip Senegal of the 2025 Africa Cup of Nations trophy after chaotic scenes at the final has been dismissed by the Confederation of African Football. In the statement sighted by GhanaWeb Sports, the CAF Disciplinary Board rejected Morocco's complaint which alleged that Senegal violated Articles 82 and 84 of the AFCON Regulations during the TotalEnergies CAF Africa Cup of Nations Morocco 2025 final. CAF ruled that the protest lacked merit, effectively confirming Senegal’s 1–0 extra-time victory and maintaining the Teranga Lions as champions of Africa. Morocco had argued that Senegal’s conduct warranted sanctions severe enough to affect the outcome of the competition. Despite the controversy, Díaz missed the penalty, as his Panenka attempt was easily saved by Édouard Mendy, sending the game into extra time.
Source:GhanaWeb
January 29, 2026 14:16 UTC
'Trotro' Overcharging: Multiple arrests recorded across transport terminals
General News of Thursday, 29 January 2026Source: www.ghanaweb.comThere have been a series of arrests of commercial transport drivers across the country for charging unapproved fares amid a shortage of buses. 15 'trotro' drivers overpricing passengers arrestedIn January 2026 alone, over 20 arrests have been made, with some offending drivers subjected to punitive measures, including fines. This GhanaWeb article highlights some of the arrests recorded so far:15 drivers arrested at Awoshie MarketThe Accra Metropolitan Assembly (AMA) taskforce arrested 15 trotro drivers over allegations of overcharging passengers. 27 drivers at various terminals27 commercial bus drivers and conductors at various locations in Accra over the last two days, were also arrested for charging unauthorised transport fares. The operation was carried out jointly by the Ghana Private Road Transport Union (GPRTU) and National Security as part of efforts to enforce approved transport fares and protect commuters.
Source:GhanaWeb
January 29, 2026 14:01 UTC
Foreign celebrities who have been granted Ghanaian citizenship
Entertainment of Thursday, 29 January 2026Source: www.ghanaweb.comIn January 2026, the Ministry of Foreign Affairs announced that American livestreamer Darren Jason Watkins Jr, aka IShowSpeed, would be granted a Ghanaian passport. While the government’s decision has been met with mixed reactions, this is not the first time an American celebrity has been granted Ghanaian citizenship and ultimately a passport. Why IShowSpeed's Ghana passport needs legal clearance – Patrick Boamah explainsHere are some other celebrities with Ghanaian citizenship. The then President Nana Addo Dankwa Akufo-Addo then handed the global icon a certificate of citizenship and a Ghanaian passport to symbolise the conferment of citizenship. Yandy Smith and Mendeecees HarrisAlso at the same event, reality TV show stars and then-couple Yandy Smith and Mendeecees Harris were also granted Ghanaian citizenship after swearing the oath.
Source:GhanaWeb
January 29, 2026 13:05 UTC
$715,000 Fine: Check out heavy sanctions CAF imposed on Senegal
Sports News of Thursday, 29 January 2026Source: www.ghanaweb.comThe Confederation of African Football (CAF) has imposed serious sanctions on the champions of the 2025 Africa Cup of Nations (AFCON) Senegal following chaotic incidents in the final. Sanctions Imposed on SenegalPape Bouna Thiaw – Suspended for five official CAF matches for unsporting conduct and fined $100,000. Iliman Cheikh Baroy Ndiaye – Suspended for two official CAF matches for unsporting behaviour towards the referee. Ismaila Sarr – Suspended for two official CAF matches for unsporting behaviour towards the referee. Federation of Senegal Football (FSF) –Fined $300,000 for improper conduct of supporters.
Source:GhanaWeb
January 29, 2026 12:50 UTC
NPL ratio falls to 18.9% as banking sector growth strengthens - BoG
Business News of Thursday, 29 January 2026Source: www.ghanaweb.comGhana’s banking sector recorded strong growth performance in 2025, largely driven by growth in assets, improved profitability, and stronger financial indicators. “The Non-Performing Loans ratio improved to 18.9 percent in December 2025 compared to 21.8 percent in 2024, although it remains elevated. He added that the easing of the monetary policy rate is expected to support economic growth. “The easing of the policy rate is expected to support credit conditions and strengthen financial intermediation going forward,” he noted. SP/AEBoG lowers policy rate from 18% to 15.5%Banking sector shows resilience as assets, profits grow in 2025 - BoGBanking sector shows resilience as assets, profits grow in 2025 - BoG
Source:GhanaWeb
January 29, 2026 12:49 UTC
Keeping tonnes of gold while inflation hits 54% is illogical – Financial analyst
Ghana’s international reserves are a key indicator of the country’s macroeconomic health. BoG cuts gold exposure by 50% on concentration concerns“Gold is a valuable asset, but it cannot sit idle,” he said. Government arrears were estimated at GH¢67.5 billion, excluding GH¢68 billion owed by the Electricity Company of Ghana (ECG), GH¢32 billion owed by COCOBOD and US$1.73 billion owed to Independent Power Producers (IPPs). In addition, the government prioritised external debt servicing, making approximately US$1.17 billion in Eurobond payments in 2025. “It would have been illogical to keep 30.5 tonnes of gold in reserves while the economy struggled with hyperinflation, unpaid arrears and rising systemic debt.
Source:GhanaWeb
January 29, 2026 12:49 UTC
Here's the meaning behind viral 'Kuriya Kuriya' chant from IShowSpeed's visit
One of the most viral moments from his Ghana visit occurred at the Shea Butter Museum, a private cultural space owned by beauty queen and entrepreneur Hamamat Montia. As they massaged him, the women repeatedly chanted the phrase “Kuriya Kuriya,” which quickly caught the attention of online viewers, many of whom began asking: what does “Kuriya Kuriya” actually mean? “Kuriya Kuriya” is a Ghanaian slang expression rooted in Dagbani culture, commonly found in Northern Ghana. The call, “kuriya kuriya,” is usually answered with “kuri gen gen,” often followed by names or playful phrases. Speed was unable to visit several other locations during his Ghana tour due to time constraints.
Source:GhanaWeb
January 29, 2026 12:29 UTC
Actors Guild immortalises late Junior Pope
Entertainment of Thursday, 29 January 2026Source: www.ghanaweb.comThe Actors Guild of Nigeria (AGN) has unveiled Junior Pope Nollywood City in Enugu State, comprising 150 plots of land aimed at immortalising the late Nollywood actor, JohnPaul Odonwodo, popularly known as Junior Pope. Junior Pope lost his life in April 2025, along with four colleagues, when their boat capsized in the Anam River while shooting a movie. He said the project was dedicated to the memory of the late Junior Pope, a man whose life embodied discipline, excellence, and a deep love for the Nigerian film industry. Through this project, Nollywood practitioners will have access to affordable land ownership“The Guild will establish the Junior Pope Creative Hub and permanent AGN Zonal and Enugu State Secretariat. 'Keep watching over us'; late Junior Pope's wife marks 11th wedding anniversaryAbia chapter seeks the sack of Actors Guild's national presidentNollywood mourns as Junior Pope’s father dies one year after him“This means training, administration, and creativity will now have a physical home in Enugu State,” he explained.
Source:GhanaWeb
January 29, 2026 11:46 UTC