This is the situationship era

Mahama out here begging like “please, baby, come back.”

Author

Chale News
March 10, 2025

So, what’s in the bag today?

  • International: Ghana’s ex-president just turned into ECOWAS’ official “Let’s all calm down” guy.

  • National: Gifty & the Payroll Poltergeists: A NSS horror story.

  • National: Forget soft life banking. PNP says we should just "make do" with GCB instead of opening a Women's Development Bank.

  • National: BoG said 'You're fired!'—Court said 'No, they're not!'

  • National: Ghana might lose GHS6.4bn if E-Levy and COVID-19 levy are scrappe. So basically, the government’s “boyfriend allowance” is in danger.

  • Fact of the Day: Apparently, the shape of pringles has a name.

  • Economic: T-bill rates are dropping faster than your crush’s interest after a “wyd” text at 11 PM.

  • Regional: Salaga SHS has officially turned into an action movie set, and the lead star, Hardi "Mad Lion" Hamza, just got permanently written out of the script.

QUICK BYTE

  • Three West African countries ghosted ECOWAS, and Mahama is now playing middleman to fix the friendship. After vibing with Burkina Faso’s leader, he says the main issue is trust issues which, let’s be real, sounds like every breakup ever. The goal? Bring back some unity, keep trade running, and make sure we don’t wake up one day to find fuel prices doing acrobatics. ECOWAS’ group chat is messy, but Mahama is out here doing damage control. Read more

  • Imagine prepping for your big birthday bash, and just when you're about to book the hottest venue in town, your auntie tells you, “Ah, but your house isn’t good enough?” That’s basically PNP’s stance on the Women’s Development Bank. The government promised to set up a new bank to help women in trade, but PNP’s Janet Asana Anabla is like, “Why stress? GCB can do the job.” Want the deets in full? Check out the Deep Dive section.

  • If there’s one thing dropping faster than an iPhone without a case, it’s Treasury bill yields. The rates have fallen to their lowest point in nearly two years, and if you’re wondering what that means for your susu box, let’s break it down—Gen Z style. Imagine you lend money to a broke friend who promises to pay you back with interest. But now, he’s getting his life together, borrowing less, and suddenly, your ‘interest’ is looking more like a “thanks, bro” than actual cash. That’s basically what’s happening with government borrowing. Get the 411 in the Deep Dive section below

  • Over 81,000 ghost names popped up on the National Service Scheme (NSS) payroll, allegedly making it rain GH¢50 million every month. And at the center of it all? Former NSS Deputy Director, Gifty Oware-Mensah, who’s now answering some very tough questions. The NIB pulled up like the BNI Avengers, questioning Gifty over how thousands of non-existent people managed to cash out allowances while some real-life NSS personnel were out here surviving on Indomie and “collecting exposure” instead of stipends. Now, while Gifty has been granted bail, the tea is still brewing. How did Kwame Casper and Adjoa Phantom slip through? Meanwhile, taxpayers are out here paying for ghosts, while the rest of us can’t even get our ECG prepaid meters to work. Love it for us😒😒. Read more

  • You know Ghana has made it when Daddy Lumba’s Mpempem Do Me is rubbing shoulders with Beyoncé and Bob Marley on King Charles’ Commonwealth playlist. Yes, you heard right! While some of us are still figuring out how to finesse our koko seller for an extra ladle, Lumba’s 2008 banger has secured a royal seat at the table. Talk about levels! According to the official statement, His Majesty carefully curated the playlist to feature songs that “bring him joy and make it incredibly hard to sit still.” We need to see if the King can actually handle the two-step dance that comes with it. Read more

FACT OF THE DAY

❝

The name for the pringles shape is Hyperbolic Paraboloids

  • BoG tried to send Ideal Finance into the abyss, but the High Court said not so fast, my friend. Turns out, the revocation didn’t follow proper procedures, and now, the defunct financial house is back in business technically just like an ex who always finds their way back into your life. Will they rise again or just be a zombie company haunting depositors’ dreams? Read more

  • KPMG is saying Ghana might lose GHS6.4bn if the E-Levy and COVID-19 levy get scrapped, so the government might have to find new ways to get money probably from your phone screen time. Their solution? Tax the digital economy and “reduce wasteful spending” (translation: stop spending money like a sugar daddy on a spree). Also, there’s talk about a 24-hour economy, but let’s be real oo, this is Ghana. If we can’t even get ECG to keep the lights on past 9pm, who’s staying up to work at 3am? Read more

  • Salaga SHS has officially turned into an action movie set, and the lead star, Hardi "Mad Lion" Hamza, just got permanently written out of the script. After showing up to a school event with a GUN and making things way too real, a committee featuring every important stakeholder in town including the chief’s palace and old students who are probably ashamed to be associated has decided that 28 students, including 3 actual convicts, should be suspended indefinitely. Hardi, along with his co-stars Nuru “Ibi” Ibrahim and Abubakari “Macharjia” Zaidu, won’t be returning to campus anytime soon. The rest of the crew will face internal suspension WITH hard labour, because if you want to act like you're in a prison yard, you might as well get a taste of the experience. Fun fact? This isn’t even Hardi’s first rodeo. TWO YEARS AGO, he allegedly tried to test a gun on a classmate who claimed to be bulletproof. Read more

DEEP DIVE

We don’t need a new one, sis!

You know that one friend who always insists on buying new shoes for every occasion, even though they have an entire boutique in their wardrobe? That’s what this whole Women’s Development Bank thing is starting to feel like. The government wants to open a special bank just for women in trade, but PNP’s Janet Asana Anabla is standing at the back like, “Eii, but GCB dey.”

According to her, Ghana Commercial Bank was basically founded to do what this new bank is promising—help fund businesses, support traders, and boost economic empowerment. So why spend millions creating another financial institution when GCB could just be given the resources to focus more on women? It’s like buying a brand-new blender when you already have one that works; just clean it up and use it.

But supporters of the Women’s Development Bank argue that women entrepreneurs face unique challenges that regular banks aren’t addressing. They need lower interest rates, flexible repayment options, and financial literacy programs tailored to them. So maybe, just maybe, a specialized bank isn’t such a bad idea?

At the end of the day, it’s a classic Ghanaian dilemma; do we fix what we have or start fresh? Whether the government listens to PNP or goes ahead with its banking dreams, one thing is clear: Ghanaian women just want coins in their accounts, whether it comes from an old bank or a new one. Read more

T-bill rates are dropping faster than your crush’s interest after a “wyd” text at 11 PM.

Last week, T-bill yields were vibing between 17% and 19%, marking a major drop from their high points. The 91-day yield alone fell from 20.79% to 17.72%. The government even rejected GHS 4.1 billion in bids because some investors were still out here asking for unreasonable rates like someone trying to sell you waakye for GH¢50. The message is clear: the government is tightening its belt, borrowing less, and trying to be fiscally responsible (for once).

But before you start celebrating and thinking your loans will magically disappear, there’s a catch. Lower interest rates mean the government saves money on debt, but it also means T-bill investors—like your cool uncle who loves “risk-free” investments—won’t be cashing out like before. Plus, the Bank of Ghana is side-eyeing the situation because lower T-bill rates could make the cedi shakier than a newborn calf. No one wants a repeat of the “dollar is now my landlord” era.

For now, the Treasury is planning to raise GH¢8.26 billion in the next auction, so it’s a wait-and-see situation. Will the cedi survive this financial diet? Will investors stick around even with lower returns? Will your money be safer in susu than in T-bills? Stick around, and let’s find out together. Read more

NEWS SOURCES

Today’s stories are curated from: