Monday, April 27, 2026
Obaakro News
  • Login
  • Register
  • Home
  • General
    • Education
    • Social
    • Health
    • Environment
    • Science
    • Technology
  • Politics
  • Economy
    • Agric
  • Crime
  • Entertainment
    • Sport
    • Boxing
  • International
No Result
View All Result
AI News
  • Home
  • General
    • Education
    • Social
    • Health
    • Environment
    • Science
    • Technology
  • Politics
  • Economy
    • Agric
  • Crime
  • Entertainment
    • Sport
    • Boxing
  • International
No Result
View All Result
Obaakro News
No Result
View All Result
Home Politics

Mahama administration assures Ghanaians amid up to US$15,000 US visa bond sanctions

Grace ArthurbyGrace Arthur
January 8, 2026
in Politics
Reading Time: 2 mins read
A A
Find ways to reduce interest rates to stimulate businesses, wealth creation – Asantehene to BoG boss Source: Kenneth Awotwe Darko 7 January 2026 1:43pm Listen to the article now 1.0x Audio by Carbonatix Audio By Carbonatix The Asantehene, Otumfuo Osei Tutu II, has challenged the Bank of Ghana (BoG) leadership to find creative ways to drastically lower interest rates to unlock domestic private investment. The monarch argued that the current cost of credit remains a crippling barrier to building a self-sufficient economy. Speaking during a historic courtesy call to the central bank’s headquarters on Wednesday, the Asantehene acknowledged recent improvements in inflation and exchange rate stability. However, he stated that these early gains would remain incomplete without a decisive shift in monetary policy to make borrowing affordable for Ghanaian businesses. Read also: ‘We mustn’t confuse improvement, with permanency – BoG Governor cautions amid economic gains “The challenge I leave with your creative brains," the Asantehene told the Governor, Dr. Johnson Asiamah, his deputies, and the Monetary Policy Committee, "is to fashion how you move the economy from the crippling high interest regime to the level where it becomes a stimulant of business and wealth creation.” His comments came just moments after the Governor had cautioned against confusing recent economic improvements with permanent stability, emphasizing that a strong currency must be earned continuously through a productive real economy. The Asantehene framed his appeal as a national economic imperative. He dismissed the notion that government spending or significant foreign investment could alone solve Ghana’s developmental needs, particularly in an era of global uncertainty. "No amount of investment by government on its own can scratch the surface of what we need,” he stated. "This moment calls for a massive push to stimulate domestic private investment in industry. That cannot happen with interest at the current level.” While noting that interest rates “have begun coming down,” the traditional ruler stressed that, based on past experience, the pace must be accelerated. The Governor, in his earlier remarks, issued a reminder that the recent stability and strength of the Ghanaian cedi, while encouraging, should not be mistaken for a permanent achievement. He emphasised that sustained economic discipline and productivity are the only true guarantors of long-term currency stability.

The Mahama Administration has assured Ghanaians that it is actively working to protect the country’s interests as the United States expands visa sanctions, including the introduction of visa bonds of up to US$15,000 for nationals of several countries.

Foreign Affairs Minister-designate, Hon. Samuel Okudzeto Ablakwa, said government will continue to pursue mutually beneficial foreign policy objectives that align with Ghana‘s strategic national interest and ensure that citizens are not unfairly disadvantaged by international travel restrictions.

“As many more countries face US visa sanctions and US$15,000 visa bonds, Ghanaians can be assured that the Mahama Administration will continue to fight for policies that protect our people,” Hon. Ablakwa stated, adding, “Trust us to keep fighting for you. For God and Country, Ghana.”

Get the latest news, updates by joining our WhatsApp channel here: Join on WhatsApp.

The assurance comes as the United States Department of State updates its list of countries whose nationals may be required to post visa bonds before being granted certain non-immigrant visas.

The policy, which takes effect between late 2025 and January 2026, affects more than 30 countries across Africa, Asia, the Caribbean and Latin America.

Countries listed include Nigeria, Senegal, Togo, Benin, Cabo Verde, Côte d’Ivoire, Uganda, Tanzania, Zimbabwe, Zambia, Botswana, Namibia, The Gambia, Guinea, Guinea-Bissau, Angola, Algeria, and Venezuela, among others.

The visa bond requirement is aimed at ensuring compliance with U.S. immigration rules and addressing visa overstays.

Ghana is currently not included on the list, a development government sources say reflects ongoing diplomatic engagement and efforts to safeguard Ghana’s standing internationally.

Hon. Ablakwa reaffirmed that the government remains committed to proactive diplomacy to prevent any measures that could place an undue burden on Ghanaian travellers, while strengthening Ghana’s global partnerships in line with national development priorities.

Best web design company in Ghana
ADVERTISEMENT
Tags: Samuel Okudzeto AblakwaUS
ShareTweetShareSend

Related Stories

Tension in Kpandai as NDC supporters call for a review of Supreme Court ruling

Tension in Kpandai as NDC supporters call for a review of Supreme Court ruling

Tension has gripped Kpandai in the Northern Region as some youth of the National Democratic Congress (NDC) staged a demonstration to express their displeasure over the Supreme Court’s...

Dr. Matthew Opoku Prempeh congratulates Dr. Bawumia on NPP presidential primary victory

Dr. Matthew Opoku Prempeh congratulates Dr. Bawumia on NPP presidential primary victory

Dr. Matthew Opoku Prempeh has congratulated Dr. Mahamudu Bawumia following his decisive victory in the New Patriotic Party’s (NPP) recently concluded presidential primaries. In a message expressing joy...

Dr. Matthew Opoku Prempeh casts vote in Kumasi during presidential primaries

Dr. Matthew Opoku Prempeh casts vote in Kumasi during presidential primaries

Dr. Matthew Opoku Prempeh has cast his vote in the ongoing presidential primaries at St. Anne’s Anglican Church in Ashtown, Kumasi. The former Minister was accompanied by the...

Ato Forson congratulates graduating officers of Ghana Military Academy

Ato Forson congratulates graduating officers of Ghana Military Academy

The Minister of Finance, Hon. Cassiel Ato Forson, has congratulated officers who successfully passed out at the Ghana Military Academy graduation parade, with special commendation to members of...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Web Design Company Web Design Company Web Design Company
ADVERTISEMENT

Popular Story

  • Three staff unions at UDS declare indefinite strike over poor conditions

    Three staff unions at UDS declare indefinite strike over poor conditions

    0 shares
    Share 0 Tweet 0
  • Tolon SHS students count losses after fire destroys girls’ dormitory block

    0 shares
    Share 0 Tweet 0
  • Tension in Kpandai as NDC supporters call for a review of Supreme Court ruling

    0 shares
    Share 0 Tweet 0
  • Dr. Matthew Opoku Prempeh congratulates Dr. Bawumia on NPP presidential primary victory

    0 shares
    Share 0 Tweet 0
  • Police arrest seven suspects over highway robbery on Tamale-Buipe Road

    0 shares
    Share 0 Tweet 0
Obaakro News

Obaakro Multimedia

Obaakro multimedia is an independent news media platfrom trusted by Ghanaian worldwide for breaking news coverage of Ghanaian politcs, business, social, legal, crime news and opinion essays.

We are based in Kumasi, Ghana

Browse Categories

  • Agric
  • Boxing
  • Crime
  • Economy
  • Education
  • Entertainment
  • Environment
  • Health
  • International
  • Politics
  • Science
  • Social
  • Sport
  • Technology

Follow us

  • About
  • Contact
  • Sitemap

© 2025 Obaakro News - Breaking news in Ghana today | Website Designed by EnspireFX | Powered by StellerHost

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • General
    • Education
    • Social
    • Health
    • Environment
    • Science
    • Technology
  • Politics
  • Economy
    • Agric
  • Crime
  • Entertainment
    • Sport
    • Boxing
  • International

© 2025 Obaakro News - Breaking news in Ghana today | Website Designed by EnspireFX | Powered by StellerHost