Britain saw its smallest budget deficit for any September in the last 10 years, according to official figures. Last month's deficit stood at £5.902bn, down almost 11% compared with the same month last year, the Office for National Statistics (ONS) said. With many economists having forecast a deficit of about £6.5bn,...
The European Union Commission has announced that the country will be taken off the list of countries that are deficient in the Anti-Money Laundering and Terrorism Financing, a statement from the communication directorate of the Presidency has said. This follows a meeting between President Akufo-Addo and the President of the...
The European Union, through the French Development Agency-Agence Francaise Development (AFD), approved a grant of €9.7 million to the Ghana Grid Company Limited (GRIDCo) to boost infrastructure works on GRIDCo’s Kumasi-Bolgatanga Transmission Project. The aim of the project which was initially financed with a US$174 million from AFD to GRIDCo...
Building on post-Soviet relations with Africa, Russia has been struggling for strategies on how to establish economic footprints, promote investment and deepen cooperation in Africa. Despite the road map adopted at the end of the first Russia-Africa summit held in October 2019, little has been achieved since then. Late September,...
 COVID-19 has claimed more than 700,000 lives, infected over 19 million people, and decimated rich and poor economies alike. But, even as most of the world faces unprecedented recession, policy responses differ sharply. The contrast between Europe and Asia is a case in point. Both regions are undoubtedly facing serious...
The biggest military-led cyber exercise in Western Europe has taken place in Tallinn, Estonia with 34 teams from 11 countries, including Ukraine, going into a live-fire cyber battle. Organised by a team of cyber specialists from the British Army, Defence Cyber Marvel 2 (DCM2) was the culmination of more than...
When a bank fails, attention inevitably turns to its regulators. Who was asleep at the wheel? Who failed to spot the warning signs? The failure of Silicon Valley Bank (SVB) is no exception. In the United States, these questions are often directed at many different agencies, since the system is...
Hapag Lloyd, the world’s 5th largest shipping line, is now utilising the expanded connectivity, capacity and capabilities of the MPS Terminal 3 at the Tema port to tranship the traffic between South Africa and Europe in Tema. This is in fulfilment of the decision announced by Hapag-Lloyd on 1st October...
The United States Government, through the U.S. Agency for International Development (USAID), and the Global Shea Alliance (GSA) launched the Action for Shea Parklands (ASP) initiative. Spearheaded by GSA, this initiative seeks to promote, plant, and protect the shea parklands while advancing a shea industry commitment to plant ten million...
US employers added 261,000 jobs in October, a solid gain that nevertheless fell short of expectations. Analysts had expected a sharp increase in hiring, after hurricanes Irma and Harvey depressed payroll growth in September. Wage growth was also slower than expected, while the number of people not in the labour force...