As the era of cheap money draws to an end, bondholders are no longer prepared to cut Ghana any slack. The West African nation’s dollar bonds have slumped 10% in 10 days, moving deeper into distressed territory as investors judge that re-financing debt in the Eurobond market won’t be an option when the Federal Reserve hikes rates and budget targets ...

About $150 million from the United Nations Central Emergency Response Fund (CERF), the largest allocation ever, was released on Thursday to boost underfunded humanitarian operations across 13 countries. For the Humanitarian Affairs and Emergency Relief Coordinator, Martin Griffiths, this funding “represents a lifeline for the millions of people caught up in underfunded crises.” The announcement follows the recent launch of the Global Humanitarian Overview, which ...

The World Health Organization (WHO) recommended on Thursday two new drugs to treat patients with COVID-19, one for patients with the critical disease and one for non-severe cases. The first drug, baricitinib, is a Janus kinase (JAK) inhibitor- a class of drugs used to treat autoimmune conditions, blood and bone marrow cancers, and rheumatoid arthritis. According to the WHO Guideline Development Group, it is “strongly recommended” for patients with severe or critical disease in combination with corticosteroids. The ...

Commercial and Private vehicle drivers plying the Adeiso-Bawjiase trunk road have expressed satisfaction over the swift completion of the highway. According to them, the current seamless state of the road has enhanced their economic fortunes as they extol the government and the construction company for the exceptional work done.    Funded by the Government of Ghana and executed by General ...

Women who breastfed were less likely to develop heart disease or a stroke, or die from cardiovascular disease than women who did not breastfeed, according to a meta-analysis published today in a pregnancy spotlight issue of the Journal of the American Heart Association (JAHA), open access, peer-reviewed journal of the American Heart Association. The special issue, JAHA Spotlight on Pregnancy and Its ...

Emirates has lifted the travel ban that was placed on selected African countries including Ghana. The lifting of the ban starts today Thursday, January 13. A statement said “With effect from 13 January, Emirates will resume passenger services to and from Guinea, Cote D’Ivoire, Ghana, Uganda, and Angola. “Passengers travelling from Guinea, Uganda or Ghana with final destination DXB require ...

At least three people, including two children, died on Tuesday night when a church collapsed on the outskirts of the southeastern Nigerian city of Asaba, while 18 others were rescued alive from the rubble, local police said Wednesday. The church collapsed on Tuesday night in Okpanam, a suburb of Asaba in Delta State, local police spokesman Bright Edafe said. He ...

Eight soldiers in Burkina Faso were arrested on Tuesday on suspicion of conspiring against the government, the military prosecutor’s office said. One of the alleged plotters tipped off the authorities on Saturday to an alleged “plan to destabilize the institutions of the republic”, the prosecutor’s office said in a statement. An investigation is underway and the soldiers have been questioned, ...

Builsa South lawmaker, Dr. Clement Apaak has said the government owes basic schools four tranches of capitation grants. He further revealed that forty-four thousand teachers have left the profession of teaching in 2021. “Government owes the basic schools four tranches of capitation grants. And forty-four thousand teachers have left the profession of teaching in 2021,” the member of the Education ...

The planned meeting between the University Teachers Association of Ghana (UTAG) and the National Labour Commission (NLC) has been rescheduled for Thursday, January 13, 2022. The meeting, which was earlier scheduled for Wednesday, will consider the legality or otherwise of the three-day-old strike by UTAG. It is also expected to discuss the conditions of service demanded by UTAG, the failure ...