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QMSNews

Ghana's news, checked. The receipts are under every story.

QMS News desk

Economy.

Prices, the cedi, budgets, cocoa, tech and the money in your pocket.

Economy

Nvidia boss Jensen Huang confirms an affair. The spy claims around it remain unproven

Mr Huang told staff he “was unfaithful to my wife”, and Nvidia's board has opened an inquiry into whether he was the target of a foreign intelligence effort. The US memo reported by the press has not been published, nobody has been charged, and China denies the claims.

9 Nov 2026, 04:30 GMT · 4 min read · 16 sources
Economy

Ask for explanation: QMS checked every number in Bawumia's Tokyo answer on gold, the $1.7bn loss, MoMo and ECG

Former Vice President Dr Mahamudu Bawumia is right that the gold programme lost over US$1.7bn in 2025 and that the new government sold about half the gold. He left out that the programme also lost money in his last year, that the pile was made bigger before it was sold, and that interoperability carries about 1% of mobile money value.

6 Nov 2026, 12:00 GMT · 6 min read · 33 sources
Economy

Underground at 19, running Ashanti Goldfields at 36: how Sam Jonah rose through a mine he never owned

Sir Sam Jonah went down the Obuasi gold mine in 1969 and became the first Ghanaian to run Ashanti Goldfields in 1986. By his own word he was an employee, and he calls the reports of his wealth "grossly exaggerated".

2 Nov 2026, 22:00 GMT · 4 min read · 22 sources
Economy

From his mother's shop to Special Ice and UTV: how Ernest Ofori Sarpong built the Special Group, and why nobody can put a number on it

On his 60th birthday he gave PRESEC Legon a 600-bed dormitory and arrived in a new Rolls-Royce reportedly worth close to US$1 million. By his own account his story did not start from nothing, and no credible wealth list has a figure for him.

2 Nov 2026, 18:00 GMT · 4 min read · 26 sources
Economy

From a cassette table to Peace FM: how Osei Kwame Despite built a media group, and why nobody can put a number on it

Peace FM went on air on 25 May 1999. UTV followed in 2013. In June 2025 the Asantehene opened his car museum. But no credible wealth list has ever published a net worth for the founder of the Despite Group.

2 Nov 2026, 15:00 GMT · 3 min read · 19 sources
Economy

Kumasi stadium fee for Rapperholic reported at ₵400,000; National Sports Authority has not confirmed it

A YFM Kumasi presenter says about ₵400,000 was paid just to use the stadium for Sarkodie's Rapperholic. Sarkodie wrote that his team paid almost three times last year's fee. The NSA's last published daily rate, from December 2023, was ₵110,000.

1 Nov 2026, 07:00 GMT · 3 min read · 17 sources
Economy

DStv's new Ghana prices start 5 November. Here is what the minister's claims leave out

MultiChoice Ghana cut its six packages to four, with all its football at ₵250 a month. Communication Minister Sam George called the line-up unique to Ghana. Kenya announced the same four packs on the same day, starting the same date.

26 Oct 2026, 22:00 GMT · 2 min read · 22 sources
Economy

Fact check: five numbers from the minister's AI forum that don't hold up

At the JoyNews Digital Economic Forum, Communications Minister Sam George and IMANI's Bright Simons clashed over Ghana's AI plans. We checked the claims against the public record.

25 Oct 2026, 14:00 GMT · 2 min read · 9 sources
Economy

Americans are buying less Halloween chocolate. Ghana's cocoa farmers took their cut months ago

Cocoa has fallen about 70% from its record, but US chocolate prices haven't. Ghana cut what it pays farmers straight away, and the new season price is only ₵63 a bag higher.

25 Oct 2026, 09:00 GMT · 2 min read · 7 sources
Economy

Bawumia says Ghana's "paper economy" is not reaching people's pockets

In Sunyani, Dr Mahamudu Bawumia said falling inflation and a stable cedi are not reaching people's pockets. The figures support his point, but his own record in 2022 is part of the story.

18 Oct 2026, 20:10 GMT · 2 min read · 14 sources