On Friday, Biden said he was blocking the controversial $14.3 billion acquisition, marking a significant use of executive authority in the closing days of his administration. He cited the need to protect national security and supply chains.
The historic swearing-in ceremony took place at the Black Star Square in Accra on January 7, 2025, with a crowd of dignitaries, political leaders, and citizens in attendance to witness this momentous occasion.
In his final State of the Nation Address, delivered on January 3, 2025, President Nana Addo Dankwa Akufo-Addo reflected on his eight-year tenure, highlighting significant achievements, challenges, and his vision for Ghana’s future.
Rights group Amnesty hailed the decision as a “beacon of hope for the abolitionist movement in the region”, but expressed regret that the death penalty could be reinstated during a state of emergency.
Mahama indicated that the purpose of his visit was to express gratitude for President Ruto’s longstanding support and to extend an invitation to his inauguration scheduled for January 7.
With executive approval granted on Wednesday, 18 December 2024, this policy is set to take effect before the end of Akufo-Addo’s term on 6 January 2025
The Authority has also introduced regulations and pricing mechanisms, collaborated with the World Bank on diversification projects, and initiated the licensing of aggregators and processors to boost international market competitiveness.
This investment, first reported by CNBC, is similar to one from December 2016, when Son pledged a $50 billion investment and 50,000 jobs. Through the company’s venture capital arm, the Vision Fund, SoftBank ended up investing about $75 billion, CNN has learned. The total number of jobs created, given the Covid-19 impact on the country’s employment, is more difficult to tally.
It is three levels below the maximum rating given by Moody’s. Rival credit rating agencies S&P and Fitch have already cut France to equivalent levels.
The International Monetary Fund is open to renegotiating Ghana’s $3 billion financing program with the incoming administration provided accompanying reforms aren’t jeopardized.
