President Mahama has urged West African nations to work together to tackle security, economic, and social challenges, stressing that regional cooperation is essential to counter terrorism and promote stability.
Ghana forfeited an estimated US$54.1 billion to trade-related illicit financial flows between 2013 and 2022, ranking third among Africa’s most affected countries, according to a Global Financial Integrity report. The findings highlight widespread trade misinvoicing, particularly in key export sectors such as gold, cocoa and oil, and warn that without urgent reforms, the losses will continue to undermine the country’s development and economic sovereignty.
Zimbabwe is advancing its position as Africa’s top lithium producer with the launch of a lithium sulphate plant, shifting from raw ore exports to high-value refined production. The move, supported by major Chinese investors, is expected to boost industrialization, strengthen the country’s role in clean energy supply chains, and capture greater economic value from its mineral resources.
Gold and silver prices plunged further after a recent rally pushed both metals to record highs. Spot gold fell over 9% to $4,403 an ounce, while silver dropped 15% below $72. Analysts say the sell-off was triggered by Kevin Warsh’s nomination as US Federal Reserve chair, alongside profit-taking after weeks of parabolic gains.
Ghana has urged African leaders to unite behind a bold push for $100 billion in annual climate adaptation and mitigation finance, stressing that the continent cannot tackle escalating climate impacts alone. Speaking on behalf of President Mahama, Minister Alhaji Baba Seidu Issifu highlighted Africa’s disproportionate climate burden and called for fair, accessible financing, strengthened partnerships, and collective action to turn adaptation into a driver of sustainable growth and industrialisation.
Zenith Bank (Ghana) Ltd has announced the appointment of Charles Boakye Nimako as its new Board Chairman. He succeeds Mrs Freda Yahan Duplan, who has led the Board since 2020, marking a new phase in the Bank’s leadership and governance.
Ethiopia’s Grand Ethiopian Renaissance Dam is reshaping the country’s energy and regional influence, boosting installed power capacity to 9.6 gigawatts and positioning Ethiopia as an emerging electricity hub in the Horn of Africa. Once mired in controversy, the project is now being framed by officials as a catalyst for industrial growth, regional power trade and long-term economic stability.
The New Patriotic Party (NPP) is holding its presidential primary today, with five candidates contesting for the party’s flagbearer position. An aspirant must secure more than 50 per cent of valid votes to win outright, otherwise a run-off between the top two contenders will be held within 14 days.
The United States has entered a partial government shutdown after a funding agreement approved by the Senate failed to pass the House in time.
While most federal agencies secured funding through September, the Department of Homeland Security received only a temporary extension.
Lawmakers are expected to resume negotiations when Congress reconvenes next week.
The United Nations is facing a serious financial crisis as many member states fail to pay their mandatory contributions, Secretary-General António Guterres has warned. He described the situation as deepening, threatening the delivery of programs, and cautioned that funds could run out by July if action is not taken.
