Tag: Ghana
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Bitcoin ban: African countries where crypto is restricted or illegal
Bitcoin has been controversial since its beginning in 2009, as have the subsequent cryptocurrencies that followed in its wake. Due to its extreme volatility, its use in nefarious transactions and the exorbitant use of electricity to mine it, the legal status of the digital currency varies substantially from country to country. But as more Africans…
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🇧🇫 Captain Ibrahim Traoré’s Ghana Visit: Strengthening African Unity / La visite du Capitaine Ibrahim Traoré au Ghana : Renforcer l’unité africaine
Burkina Faso’s military leader, Captain Ibrahim Traoré, recently attended the inauguration of Ghana’s President John Mahama in Accra on January 7, 2025. His appearance, notably in military fatigues with a holstered pistol, sparked discussions about diplomatic protocols and security measures. During his visit, Captain Traoré engaged with the Burkinabè community in Ghana, expressing confidence in…
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Ghana ranks second most indebted African nation to IMF
Ghana has been identified as the second most indebted African nation to the International Monetary Fund (IMF) in terms of concessional lending. According to the IMF’s Quarterly Finances, the country’s outstanding loans to the institution reached $2.914 billion as of October 31, 2024, representing 17% of total African borrowings from the IMF. Only the Democratic…
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John Dramani Mahama Sworn in as Ghana’s President for a Second Term
In a historic moment for Ghana’s democratic tradition, John Dramani Mahama was sworn in today as president for a second term. The ceremony, attended by national and international dignitaries, marks Mahama’s return to power following his decisive victory in the December 7 presidential election. His win reflects the trust placed in him by Ghanaians to…
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🇬🇭 Fire engulfs major market in Ghana’s capital
A massive fire broke out on Thursday at the Kantamanto Market, a major commercial hub in Ghana’s capital, Accra, causing extensive damage to property. Eyewitnesses reported frantic efforts by people at the scene to extinguish the flames as the blaze spread through the market, reportedly destroying over a hundred shops. According to local emergency services,…
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Nearly Four Tons of Gold Vanish from Guinea’s Central Bank, Fueling Concerns Over African Gold Smuggling
In a concerning development, nearly four tons of gold valued at $400 million have vanished after being dispatched from the Central Bank of the Republic of Guinea (BCRG) to Dubai, United Arab Emirates, for refining. The gold was transported by MSS Security, a prominent Asian security firm, which has been cooperating with investigators. The disappearance…
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Ghana’s Youth Unemployment Crisis and the Rising Tide of Galamsey: A Call to Action for the Diaspora
Ghana, once lauded as a beacon of stability and economic potential in West Africa, is grappling with a critical unemployment crisis, particularly among its youth. With limited opportunities for formal employment, many young Ghanaians are turning to illegal gold mining, locally known as galamsey. This informal and often dangerous activity has grown into a national…
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African Fashion Industry Sees Rapid Growth: A New Era of Global Influence
The African fashion industry is on a remarkable growth trajectory, projected to reach a staggering $70.58 billion by 2024. This expansion is fueled by an annual growth rate of 5.16% until 2028, marking a significant shift in the global fashion landscape. This surge in the African fashion sector is largely driven by the growing international…
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🇬🇭 Ghana’s President-elect Mahama to review IMF bailout
Ghana’s newly elected President, John Dramani Mahama, has affirmed his commitment to the country’s $3 billion IMF bailout program while advocating for necessary adjustments, clarifying his previous statements regarding renegotiation. 🗣 “When I talk about renegotiation, I don’t mean we’re jettisoning the programme,” Mahama, who secured a decisive victory in the recent elections, told Western…
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Enemies of Pan-African Consciousness: Lessons from History and the Celestial Alignments
The arc of Pan-African consciousness has always been shaped by forces both earthly and celestial, as if our struggles are written not just in history but in the stars themselves. In tracing the journeys of leaders like Huey Newton, Malcolm X, Martin Luther King Jr., William Richard Tolbert, and Marcus Garvey, we find a sobering…
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