Mahama signs five laws: Restores BNI and eases mining levy

Mahama 24-Hour Economy laws BNI

President John Mahama and Clerk to Parliament

President John Dramani Mahama has announced the signing of five significant bills into law, introducing reforms across national security, education, mining, and financial protection sectors.

Speaking on the development, Mahama stated that the first legislation, the Security and Intelligence Agencies Act, 2026, restructures oversight of the country’s security institutions.

The law removes the Office of the Minister of National Security and grants the President the flexibility to appoint any minister to supervise the agencies.

It also restores the name of the National Intelligence Bureau (NIB) to the Bureau of National Intelligence (BNI), a move aimed at eliminating confusion between the agency and a well-known Ghanaian commercial bank (National Investment Bank).

In the education sector, the University of Engineering and Agricultural Sciences Act, 2026, establishes a new public university in the Eastern Region at Bonsu.

The institution will operate across three campuses: the main campus at Bonsu, a second campus at Ohau, and a third at Achirensoa in the Ahafo Region. The initiative is expected to expand access to specialised higher education and support skills development in engineering and agriculture.

The President also assented to an amendment to the Growth and Sustainability Levy Act, reducing the levy on mining companies from 3% back to 1%.

The adjustment follows the introduction of a sliding scale for royalties and is intended to ease the financial burden on mining firms while maintaining government revenue streams.

Another key reform is the Ghana Education Regulatory Bodies Amendment Act, which removes the requirement for universities to obtain charters. The change is expected to simplify regulatory processes and enhance institutional autonomy within the tertiary education sector.

The fifth law, the Ghana Deposit Protection Amendment Act, updates existing provisions designed to safeguard public deposits held in commercial banks and financial institutions. The amendment reinforces financial security and aims to strengthen confidence in the banking system.

Together, the five newly signed laws reflect a broad policy approach focused on governance reforms, economic balance, and institutional development.