25th August News Headlines: Afenyo-Markin Sues Sammy Gyamfi Over Extortion Allegations as Mahama Grants Adamus Resources Reprieve
Minority Leader Alexander Afenyo-Markin has filed a lawsuit against GoldBod CEO Sammy Gyamfi, another NDC official and two media houses over alleged defamatory and extortion claims. He says he is ready to face the OSP, while the United Party has also petitioned the OSP and Attorney-General. Bawumia has thrown his weight behind Afenyo-Markin, urging the Minority to stay focused on the $1.7bn GoldBod loss.
2. Adamus Resources Turnaround
Mahama Intervenes to Save Adamus Mine – One-Year Turnaround Plan Ordered
Storyline: President John Mahama has stepped in to give Adamus Resources a 12-month reprieve and roadmap after the earlier licence revocation threat. The company has welcomed the decision and reaffirmed its commitment to sustainable operations. Some papers question the role of political connections in the sudden rescue.
3. NPP National Chairmanship Race
Headline: Afoko Files for NPP National Chairmanship as Wontumi Joins Five-Way Contest
Storyline: Paul Afoko has formally filed his nomination papers for the NPP National Chairmanship. Bernard Antwi Boasiako (Wontumi) has also entered the race despite his ongoing legal issues, turning it into a competitive multi-candidate contest.
4. Economic & Business Updates
Headline: FDI Inflows Jump to $2.62bn After Two-Year Decline
Storyline: Ghana recorded $2.62 billion in foreign direct investment last year, a significant recovery after two years of decline. Meanwhile, the stock of bad loans in the banking sector is rising even as the non-performing loan ratio falls.
5. Other Notable Stories
Disaster fears at Ashaiman as about 3,000 artisans continue operating under high-tension power lines.
NLA staff suspended their strike after government intervention in a salary dispute.
GoldBod is reported to have broken free from full Bank of Ghana control with a new pricing and financing model.
