Inflation will ease throughout 2024 averaging 18% in 2024, Fitch Solutions has predicted. It insists the easing inflation will force the Bank of Ghana to cut the policy rate by 800 basis points this year. It disclosed this in its January 2024 Sub Saharan Africa Quarterly Update. This will be almost in line with the Bank of Ghana’s projection of ...

European Union member states are set to launch a naval mission in the Red Sea by mid-February, aiming to protect ships from attacks by Yemen’s Houthi militants. Houthi-controlled territories in Yemen have become a hotspot for maritime unrest, with attacks targeting ships perceived to be associated with Israel. The Houthis claim solidarity with the Palestinians amid the ongoing Israeli military ...

Kingsley Ben-Adir and Lashana Lynch walked the red carpet on a cold night in London Tuesday along with Ziggy and Rohan Marley for the premiere of their new biopic “Bob Marley: One Love.” The film, which is produced by Brad Pitt’s company Plan B Entertainment, stars Ben-Adir as the reggae icon and Lynch as his wife Rita. It charts the ...

Mr Gabby Asare Otchere-Darko has said he is very disappointed in his own party, the governing New Patriotic Party, for failing to acknowledge its own achievements. The situation, President Nana Akufo-Addo’s cousin admits, makes him so frustrated that he has decided to quit local politics. “I have retired from domestic politics,” Mr Otchere-Darko told Asaase Radio in an interview. “I ...

Crime has a global reach, and Africa is not exempt from its impact. The continent grapples with crime rates influenced by socio-economic disparities. Factors such as poverty, limited educational access, and economic inequality contribute to a climate where some individuals resort to illicit activities for survival. Certain African cities face significant challenges, marked by high crime rates linked to issues ...

How much money did Liberia’s former administration leave in the state coffers when it left power? President Joseph Boakai who was sworn in on January 22nd said on Monday that the balance recorded was US$20.5 million, not US$40 million, as former President George Weah had claimed. Liberian media reported Wednesday that the Senate ordered the Central Bank to clarify contradictions ...

Another witness in the trial of Nana Appiah Mensah aka NAM1, the Chief Executive Officer of Menzgold Ghana Limited, yesterday indicated that all attempts to retrieve funds locked with the defunct company proved futile and the company used that as an advantage to extort money from customers. The prosecution called two witnesses yesterday, bringing the total number of witness to ...

The four-time African champions failed to progress beyond the group stage, losing their opening game 2-1 to Cape Verde and drawing 2-2 against Egypt and Mozambique. Their final match against Mozambique, where they squandered a 2-0 lead, dashed hopes of qualifying for the next stage. Ayew, one of the main figures facing public backlash, acknowledged the team’s poor show. In ...

This is the concluding part of the piece that the president of Bechem United FC, Kingsley Owusu-Achau (Agama), sought to address, and to provide answers for restoring the dwindling fortunes of the Black Stars. To the seasoned football administrator, governments in the country have done little by way of support for football. In the long term goal, he has stated ...

A judge in the US state of Delaware has annulled a $55.8bn (£44bn) pay deal awarded to Elon Musk in 2018 by the electric car company Tesla. The lawsuit was filed by a shareholder who argued that it was an overpayment. Judge Kathaleen McCormick called the compensation “an unfathomable sum” that was not fair to shareholders. In a post on ...