IGP Tenure Extended, Teacher Allowances Delayed, and Goil Shares Hit Historic Highs

Connect Finex
Nov 26
4 min read

Today's data shows some breakfast items seeing significant price increases over the last eight months. On the national front, the government seeks stability in security operations through a contract extension for the IGP, while the education sector faces administrative hurdles regarding allowance payments and intensified debates over religious freedoms. Let's analyze the latest data and emerging trends shaping Ghana's economic landscape.

Market Movers: The Rising Cost of Breakfast

Today's Cedi Board highlights a consistent upward trajectory in the prices of standard breakfast commodities. This data points toward sustained inflationary pressures affecting the fast-moving consumer goods (FMCG) sector.

Kelloggs Cornflakes: The price has surged to GH¢55.00, representing a substantial 37.5% increase from GH¢40.00 in March 2025. This sharp rise within an eight-month window likely reflects higher import duties or exchange rate volatility, given that this product is largely imported. For the consumer, this suggests a rapid erosion of purchasing power regarding imported processed foods.
Milo (800g): Trading at GH¢73.00, this staple has seen a 21.67% increase from its 2024 price of GH¢60.00. While the timeline for comparison differs slightly, the upward trend is clear. This movement could be attributed to fluctuations in global cocoa prices or increased production and packaging costs locally.
Blue Band Margarine (250g): Currently priced at GH¢16.00, this item is up by 23.08% from GH¢13.00 in March 2025. The data indicates that essential complementary goods are rising in tandem with primary staples, compounding the cost of a standard breakfast for the average Ghanaian household.

Key Headlines: Security Continuity, Payroll Glitches, and Religious Rights

President Mahama approves two-year contract extension for IGP Yohuno

President John Dramani Mahama has officially authorized a two-year extension for the Inspector General of Police, Mr. Christian Tetteh Yohuno, extending his tenure beyond his scheduled retirement in December 2025. This move appears to be a strategic effort to ensure institutional stability during a period of restructuring within the Ghana Police Service.

The Presidency cited the need for the consolidation of ongoing reforms as the primary driver for this decision. By retaining IGP Yohuno until 2027, the administration seemingly prioritizes continuity in leadership over immediate succession. While this provides clarity on the security hierarchy, it also signals a reliance on experienced hands to navigate current operational challenges. The IGP is required to formalize his acceptance by late November, with the new term taking effect on December 28, 2025.

Controller and Accountant-General’s Department announces delay of two categories of November 2025 allowances

In a development affecting the education sector, the Controller and Accountant-General's Department (CAGD) has confirmed a delay in processing two specific allowances for November 2025. The affected payments are the Continuous Professional Development Allowance (CPDA) and the Complementary Instruction Digital Support Allowance (CIDSA).

This disruption stems from a technical anomaly identified during the final payroll run. To prevent a broader delay in the main salaries for all government workers, the department opted to pause these specific allowance categories. Consequently, while main salaries were paid on schedule, educators will have to wait until December 18, 2025, to receive these funds. This delay could temporarily impact the disposable income of teachers, particularly as the CPDA amounts to GH¢2,400 for professionals and the CIDSA provides GH¢800 for digital support.

Catholic Bishops criticise Education Minister over religious rights comments

A significant policy debate has emerged between the Ghana Catholic Bishops' Conference (GCBC) and the Minister for Education, Haruna Iddrisu. The friction centers on the Minister's recent parliamentary assertion that students' constitutional rights to religious freedom cannot be restricted by school rules.

The Catholic Bishops, supported by the Christian Council, have pushed back against this stance. They argue that mission schools possess a unique identity and disciplinary code that must be respected. The Bishops contend that government directives should not override the founding principles of these institutions. This disagreement highlights a complex constitutional tension; the government prioritizes the indivisibility of individual rights, while religious bodies emphasize institutional autonomy and the preservation of school ethos. This standoff suggests potential future legal or policy reviews regarding the management of government-assisted mission schools.

Investor’s Insight!

Goil shares hits all-time high with 81.6% YTD

Market participants are witnessing a robust performance from Goil, as its share price has climbed to an all-time high of GH¢2.76. This represents a remarkable 81.6% Year-to-Date (YTD) growth, starting from GH¢1.59 in January 2025.

The trend line shows a consistent upward trajectory, moving from GH¢1.62 in March to GH¢2.38 in September, before peaking in November. Such sustained growth indicates strong investor confidence in the company's fundamentals and potentially favorable outlooks for the downstream petroleum sector.

Conclusion

Today's report paints a picture of an economy facing specific inflationary headwinds, particularly in food prices, balanced against strong performance in the equities market as seen with Goil. On the governance front, the administration is prioritizing stability in law enforcement while simultaneously managing administrative hurdles in the education payroll and complex policy debates regarding religious rights. These developments suggest a period of intense institutional activity where economic management and social policy are taking center stage.

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