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July 11, 2026
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US wants Iran to pledge to stop shooting at ships in Strait of Hormuz
Money
Policy
Growth
Key Points
- The US demands Iran publicly declare the Strait of Hormuz open and cease firing on commercial ships, ahead of Saturday negotiations.
- Iran privately admitted that recent attacks on commercial ships were a mistake, attributing them to a "rogue internal group."
- Despite a previous June ceasefire agreement for safe passage, the US has declared the ceasefire over following new attacks in the Gulf region.
- Negotiations involving top US officials are set to take place in Oman, with Qatar also mediating efforts to de-escalate tensions.
- Iran seeks to assert sovereignty over the Strait, proposing to manage maritime services in coordination with Oman, potentially including "service fees" for transit.
Why This Matters
The Strait of Hormuz is a critical global chokepoint for a significant portion of the world's oil and gas supply. Instability or disruptions here directly impact global oil prices, which would lead to higher fuel import costs for Ghana, affecting inflation, transport, and overall economic stability. Any escalation could also indirectly disrupt global trade routes, impacting Ghana's supply chains and the cost of imported goods.
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August 24, 2026
TCDA opens nominations for national Best tree crops farmer award
- The Tree Crops Development Authority (TCDA) has opened nominations for its National Best Tree Crops Farmer Award.
- The award aims to nationally recognize outstanding farmers contributing to Ghana's agricultural sector.
- Eligible tree crops include cashew, coconut, mango, oil palm, rubber, and shea.
- Nominees must be active farmers with verifiable farm details; false information will lead to disqualification.
- Nominations close on Thursday, August 27, 2026, and can be submitted online via the TCDA's official website.
August 24, 2026
“What is wrong?” — Boadi questions scale-up of gold programme
- Professor Isaac Boadi has criticized the expansion of Ghana's Domestic Gold Purchase Programme despite earlier reported losses.
- He advocates for piloting major government initiatives to assess their sustainability before committing significant resources.
- Boadi highlighted that the programme was scaled up even after recording an initial reported loss of approximately $400 million.
- The programme has now reportedly incurred a total loss of $1.7 billion, which he attributes partly to factors like foreign exchange rate spreads and transaction costs.
- He urges policymakers to reassess the programme's structure to determine if its costs are justified by its benefits.
August 24, 2026
Eastern Region: Traders, transport operators oppose proposed telecom mast at Koforidua-Kumasi station
- Traders and transport operators at Koforidua-Kumasi Station are opposing the proposed construction of a telecommunications mast, reportedly by MTN.
- Contractors allegedly began clearing land and evicting traders without clear prior notice or resolution of concerns.
- Opponents cite limited space for their businesses, health and safety concerns from erecting a mast in a densely populated area, and the fact that they pay to use the facility.
- Attempts to verify the project's permits with the New Juaben South Municipal Assembly were unsuccessful, leading to a complaint being lodged at the Central Police Station.
- The aggrieved parties are appealing to local authorities and GPRTU leadership for clarification and have vowed to resist the construction.