The Member of Parliament for the Akim Abuakwa South constituency, Samuel Atta Akyea, has criticized individuals who blame Vice President Dr. Mahamudu Bawumia for the country’s economic woes. He acknowledged that the economy is not in its best form, describing it as ‘unkind’ and ‘cruel’ for anyone to attribute economic issues in the Akufo-Addo government […] The post It’s
Russian police have cracked down on a large protest in the far eastern region of Bashkortostan after an activist was jailed. The protest broke out after a court in the town of Baymak sentenced Indigenous rights activist Fail Alsynov to four years in a penal colony on Wednesday. About 3,000 supporters were involved in the […] The post Protest turns violent as
The World Bank Deputy Chief Economist, Ayhan Kose, has said the global economy has been remarkably resilient, especially in the last year. Growth last year, he said, surprised on the upside, thanks to the US economy, the strength of the US economy. But, he further noted, some large emerging markets like India, Indonesia, Brazil, Mexico, […] The post There is global economic resilience
There was almost no growth in terms of global trade last year, the World Bank Deputy Chief Economist, Ayhan Kose, has said. The situation remains fragile going into this year, he added. In June 2023, he highlighted an ongoing global growth slowdown as a major concern to the Bank. Asked for the latest analysis of […] The post Global trade remains fragile – World Bank Deputy Chief
Artificial intelligence will affect up to 40% of jobs worldwide, the International Monetary Fund (IMF) has warned. This could rise to 60% of roles in advanced economies like the UK – but it is believed that, in half of these cases, AI will benefit the workforce. In a new report, the IMF warned that AI’s […] The post Artificial intelligence
Zambia is set to receive 1.6 million doses of cholera vaccines on Monday as the country suffers one of its worst outbreaks. More than 350 deaths and 9,000 infections have been recorded since the outbreak started in October last year. The vaccines have been secured by Zambia’s government in collaboration with the World Health Organization […] The post Zambia to receive
With misfortunes of the early 2020s finding their way into 2023, it is not uncommon for people to predict continued economic hardship in the new year of 2024. Two weeks into the new year and the Gaza Strip war has already escalated to epic proportions. Thus, it is not strange to expect doom on the […] The post Trade expert predicts
Fiscal space, in its simplest form, is the capacity of governments to adjust their revenue and expenditure policies to overcome economic shocks and foster growth. It is a precarious balance between short-term responsiveness and long-term prudence. It is essential to realise that fiscal space is not an abstract concept. It is tangible and can be created through […] The post
US Defense Secretary Lloyd Austin was released from Walter Reed National Military Medical Center on Monday, according to the Pentagon, two weeks after he was admitted for complications following prostate cancer surgery. Austin will work remotely “for a period of time” before returning to the Pentagon, the Pentagon statement said. He has “full access” to […] The post US
The U.N. Assistant Secretary-General for the Middle East, Asia, and the Pacific, Khaled Khiari, has warned against the escalation in the Red Sea following the US and UK airstrikes on Yemen. He has called on the Security Council to prevent the escalation of conflict in the Middle East as Yemen’s Houthis vowed fierce retaliation for […] The post UN
A delegation
Consumer inflation eased further in December 2023 – closing at 23.2 percent, down from November’s 26.4 percent per data from the Ghana Statistical Service (GSS). This 3.2 percentage point decline aligns with forecasts, providing relief from the previously higher and persistent inflation. Cumulatively, inflation dropped 30.4 percent during 2023 while average inflation was 39.91 percent. […] The post
Airline regulators will not be rushed into clearing grounded Boeing 737 Max 9 planes after a mid-air blowout, the US government has said. The aircraft, which were suspended in the US following an incident on an Alaska Airlines flight “need to be 100% safe”, said Transportation Secretary Pete Buttigieg. It is unclear when the planes […] The post US official says Boeing
A state of emergency has been declared in Papua New Guinea’s capital after at least 15 people were killed in rioting. More than 1,000 troops are on standby “to step in wherever necessary”, Prime Minister James Marape said on Thursday. Shops and cars were torched and supermarkets looted after police went on strike on Wednesday […] The post Papua
More than 5.6 million doses of COVID-19 vaccines bought on loan by the Ugandan government have expired, an audit report has said. The vaccines are valued at 28.1bn Ugandan shillings ($7.3m; £5.8m) and were purchased using a World Bank loan. Authorities say the expired vaccines will be withdrawn from health facilities and destroyed. In the […] The post Uganda to destroy expired
Liberia’s former Chief Justice Gloria Musu Scott and three of her family members have been sentenced to life imprisonment for murder. The four were arrested and indicted in June last year in connection with the death of Charlotte Musu, who was reportedly Ms Scott’s niece. In February last year, Charlotte was murdered by unknown people […] The post Liberia’s
Zambia expects to receive one million cholera vaccine doses from the World Health Organisation amid an outbreak that has killed 249 people since last October. Roma Chilengi, the health adviser to President Hakainde Hichilema, said the doses will be deployed to the most at risk regions and are due to arrive by Saturday. “But we […] The post Zambia to receive cholera
Rishi Sunak is facing a significant rebellion from Tory MPs over legislation to revive his plan to send some asylum seekers to Rwanda. Over 30 backbenchers on the right of the party are backing plans to change the bill next week to make it harder for people to appeal deportation. The amendments underline the scale […] The post Rishi Sunak facing major Tory revolt over Rwanda
Africa50 Group, the pan-African infrastructure investment platform, has announced the successful first close of the Africa50 Infrastructure Acceleration Fund (Africa50 – IAF) on December 29th, 2023, securing $222.5 million in commitments. In an African first, Africa50-IAF secured participation from 16 African institutional investors, including sovereign wealth funds, pension funds, social security funds, insurance companies, banks, […] The post Africa50
President Joe Biden was only told that US Defence Secretary Lloyd Austin was being treated for cancer on Tuesday, the White House has said. Mr Austin, 70, was admitted to hospital on 1 January and then to the intensive care unit for complications following surgery in December. He has faced criticism for not telling senior […] The post US defence secretary
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