Author: SAMUEL
The Defence Security Cooperation Agency (DSCA) said in a statement quoted by Reuters on Wednesday that the U.S. State Department has approved potential sales of munitions, precision bombs, and precision rockets to Nigeria at an estimated cost of $346 million. The statement said Lockheed Martin, RTX Missiles and Defense, and BAE Systems are the sales contractors. According to the statement, “The State Department has made a determination approving a possible Foreign Military Sale to the Government of Nigeria of Munitions, Precision Bombs, and Precision Rockets and related equipment for an estimated cost of $346 million. The Defense Security Cooperation Agency…
The Special Anti-Galamsey Task Force was held hostage at Bonteso in the Amansie West District of the Ashanti Region when they moved in to halt illegal mining activities. This led to an exchange of gunfire between the task force and members of the community. During the confrontation, two members of the task force, ASP Bawah Abdul Jalil and G/Sgt. Agblekpe Mawuena Yao, sustained injuries to the head, mouth, and leg. Four suspects were arrested: Akwesi Amponsah, Osei Vasco, Patrick Asare (the Assembly Member for the electoral area), and Owusu Alexander. Leaders of the Manso Adubia Special Anti-Galamsey Operations Team, DSP…
IMANI Africa has said that businesses should proactively reassess their financing strategies in light of the recent Monetary Policy Rate (MPR) reduction by exploring opportunities for lower-cost credit, renegotiating existing loan terms, and prioritising investments that yield medium-term returns. The think tank also asked firms to strengthen their credit profiles by improving financial disclosures and collateral quality to benefit from emerging credit rating systems. Given the volatility in exchange rates and declining T-bill yields, businesses must adopt prudent hedging strategies and diversify revenue streams to mitigate currency and interest rate risks while positioning themselves for growth in a gradually easing…
Falconx has announced the expansion of its Prime Connect product through an integration with Copper’s Clearloop network, enhancing off-exchange settlement capabilities for its Direct Market Access (DMA) clients trading on Bybit. This integration allows clients to custody their assets off-exchange while trading, thereby reducing counterparty risk associated with exchange-held funds. Falconx’s DMA offering provides a unified access point to global exchanges, enabling clients to maintain control of their assets without the need to post collateral on the exchange. With the new connectivity to Copper’s network, Falconx DMA clients can access up to 5x leverage, consolidate margin and risk across venues,…
Bullish, a cryptocurrency exchange backed by Peter Thiel, successfully debuted on the New York Stock Exchange on August 13, 2025, raising approximately $1.1 billion in its initial public offering (IPO). The company priced its shares at $37, above the expected range of $32 to $33, and opened at $90, representing a 143% increase. During trading, shares peaked at $118 before closing at $70, resulting in an overall gain of nearly 90% and a market capitalization exceeding $10 billion. This marks a significant milestone for Bullish, which had previously attempted to go public via a SPAC merger in 2021. The IPO…
Bitcoin Notches New High—Options Traders Go Big On Bitstamp, bitcoin (BTC) reached $124,025 per coin, edging past the previous peak of $123,236 set 30 days ago on July 14, 2025, on the same exchange. The cryptocurrency now boasts a $2.458 trillion market capitalization and has logged $58.71 billion in global trading volume over the past 24 hours. Driving the heaviest BTC trading action are Binance, Bybit, Coinbase, Upbit, and OKX. Bitcoin smashed past the $124,000 zone on Wednesday. Wednesday’s most active BTC pairs include USDT, FDUSD, USD, KRW, EUR, and JPY. Market indicators are leaning bullish, with the relative strength…
The New Patriotic Party (NPP) has officially apologized to President John Dramani Mahama through the national leadership of the National Democratic Congress (NDC), following threatening comments made by some NPP activists. During a meeting between the leadership of both parties, NPP General Secretary Justin Kodua Frimpong condemned the remarks, describing them as “unfortunate and unacceptable.” He emphasized that the party does not support or condone such behavior. The NPP’s visit was aimed at de-escalating tensions and reaffirming its commitment to peaceful political engagement ahead of the upcoming elections. “Indeed, there are certain comments that are made by what we call…
The Upper West Regional Police Command, through the Wa Magistrate Court presided over by His Honour Jonathan Avoogo, on Monday, August 11, sentenced Mohammed Ali to 10 years imprisonment in hard labour. In a statement issued by the Police, Mohammed Ali came to their attention following a fatal motor accident at Bugubelle on Wednesday, July 30, 2025, in which he was involved. “Responding officers discovered incriminating exhibits on him at the accident site, including a quantity of ammunition and an offensive weapon”, the statement added. According to the prosecutor, upon further interrogation, Ali admitted being aware of the items found…
The 2023 Metro Best Fisherman, Samuel Tetteh has sounded a dire alarm over Ghana’s collapsing fish stock, directly blaming rampant pollution and destructive chemical fishing practices for pushing the sector towards a food and economic crisis. peaking exclusively on Connect FM’s Orokodo News on August 13, Tetteh issued an urgent plea to the Fisheries Commission and government to cleanse the oceanic ecosystem before it’s too late. “The Fisheries Commission tells us Ghana has the potential for an annual catch of about 400 metric tonnes, but year after year, we fall drastically short,” Tetteh stated emphatically. “Human waste dumped into the…
A leading member of the Movement for Change, Solomon Owusu, has criticised the state’s priorities amid the recent military helicopter crash that claimed the lives of all eight people on board. He says Ghana, as a nation, has given premium to frivolities and ignored critical issues bordering on state security. Speaking on the BigIssue segment of the NewDay show on Wednesday, August 13, 2025, he expressed how critical resource allocation for the military is. Juxtaposing the US military with Ghana’s, Solomon Owusu highlighted how America spends vast amounts on its soldiers, compared to the paltry allocation for the Ghana Armed…