Author: SAMUEL
Mr Felix Kwakye Ofosu Minister of Government Communications, Felix Kwakye Ofosu, has said that the Mahama administration inherited a Ghana Cocoa Board (COCOBOD), which was facing severe systemic challenges. He said COCODB is saddled with huge debt, debt that was bequeathed to them by the previous administration. “Cocoa faces challenges because of systemic challenges we inherited, the huge debts we inherited over the last 8 years. more went. We know of the huge areas in cocoa,” he said on the Key Points on TV3 Saturday, October 11, while discussing the new cocoa prices. For his part, Stevenson Anane Boateng, President…
The family of a Minnesota postal worker has filed a federal lawsuit after police and correctional officers allegedly ignored signs of his stroke for hours, and he died in custody. The lawsuit was filed Thursday, accusing Eagan police, Dakota County, and its correctional officers of demonstrating a “deliberate indifference” to the 50-year-old Cottage Grove resident’s medical needs during the five hours and 40 minutes he was in custody. According to the lawsuit, Kinglsey Fifi Bimpong, originally from Ghana, left work early on Nov. 16, 2024, due to a headache, and was pulled over by Eagan police after he drove into…
Data Scientist and Policy Analyst, Alfred Appiah, has said that the new cocoa price will put more cash into the pockets of the farmers. He, however, noted that the price could have been more than what was given. “It means more money for the farmers, but there could be even more. It is good that the farmers are happy,” he said on the Key Points on TV3 Saturday, October 11. For his part, the Convener of the Media Coalition against Galamsey, Ing Ken Ashigbey, said all efforts should be made to ensure that cocoa farmers benefit from their trade. He…
Akyem Swedru Member of Parliament, Hon. Eugene Nyarko Osei, has berated the government and the BoG’s decision to inject money into the forex market. According to him, since the National Democratic Congress (NDC) government came to office, they have injected $4.55 billion into the Forex Market. To him, it is wrong, and such mistakes, which have in the past weakened Ghana’s economy, must not be repeated. He believes that such an amount of money could have been invested in infrastructure and other sectors of the economy, which could have generated quadruple of the investments within a few years. Making this…
Trump Vows to Counter China’s ‘Monopoly’ Global financial markets were shaken by renewed fears of a cascading trade war after U.S. President Donald Trump escalated tensions by threatening punitive tariffs on Chinese imports. The threat centered on China’s dominant position in the export of rare earth minerals—metals critical to U.S. high-tech manufacturing and defense industries. In a post on his Truth Social platform, Trump accused China of using its near-total “monopoly” over rare earth minerals to hold the world “captive.” He vowed to “financially counter” the move and noted that while the response may be painful, “it will be a…
DDC Enterprise has raised $124 million in equity funding led by PAG Pegasus Fund and Mulana Investment to strengthen its bitcoin treasury initiative. The company plans to scale its treasury toward 10,000 BTC by the end of 2025. PAG Pegasus and Mulana Lead $124M Investment in DDC’s Bitcoin Strategy DDC Enterprise has raised $124 million in new equity funding to accelerate its bitcoin treasury strategy, marking a strong show of confidence from institutional investors in its long-term crypto vision. The round was led by PAG Pegasus Fund and Mulana Investment Management, with participation from OKG Financial Services Limited. DDC’s founder…
President Donald Trump’s China tariff threat saw the cryptocurrency market shed more than $500 billion after the total market capitalization nosedived from $4.25 trillion to under $3.75 trillion. Bitcoin pulled the market down ( BTC), briefly tumbling to $109,683, a near double-digit drop in 24 hours. Ethereum ( ETH) plunged from an intraday high of $4,386 to $3,574 at 5:21 p.m. EST, while XRP fell to $1.58, its lowest since Nov. 29, 2024. The carnage, meanwhile, left more than 1.42 million traders liquidated and over $9.45 billion in long and short leveraged bets obliterated. At the time of writing (6:21…
A man pretending to be a veterinary officer has been arrested in Begoro, Fanteakwa North District, after allegedly causing the deaths of several animals through improper treatments. The suspect, identified as Amos, reportedly collected money from farmers while offering unapproved veterinary services that resulted in multiple fatalities. His deception came to light when a resident reported losing a dog after an injection administered by him. Police recovered various drugs, syringes, and medical supplies believed to have been used in his activities. Amos has been transferred to the Eastern Regional CID and is expected to appear in court on Monday. Dr.…
Italy — The Minister for Food and Agriculture, Hon. Eric Opoku, has secured a €154 million financing agreement from the Italian government under the project titled “Strengthening Agri-Food Ecosystems in Ghana” to boost food security and modernize the country’s agricultural value chain. The project, operating under AID 013210, is a three-year initiative beginning in 2025 and ending in 2027. It seeks to improve food security and strengthen resilience to climate change through investments and public-private partnerships between Ghanaian and Italian agricultural institutions and private sector actors. Under the project, 10,000 hectares of land will be developed into a model farm…
The Municipal Chief Executive (MCE) for Birim Central, Hon. Solomon Brako, has revealed that mining companies currently operating in Akim Oda do not possess valid licenses and are not registered in the records of the Birim Central Municipal Assembly. Speaking on Akyem Oda Community Radio (103.3 FM) during the Yɛbɛ Som show, Hon. Brako disclosed that his checks at the Minerals Commission confirmed that no registered mining companies have been authorized to operate within the municipality. He expressed deep concern over the illegal mining activities taking place in the area, noting that such operations not only violate Ghana’s mining laws…