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April 4, 2026
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Iran and US race to find missing American crew member downed in fighter jet
Money
Policy
Key Points
- Iranian and American forces are racing to recover crew members after Iran claimed to have shot down a US F-15 fighter jet and an A-10 ground attack aircraft.
- The conflict, which began over a month ago with US-Israeli strikes on Iran, has escalated and spread throughout the Middle East, with fresh strikes targeting Israel, Iran, and Lebanon.
- The war is causing significant disruption to the global economy, impacting millions worldwide, and specifically raising fears of wider disruption to global energy supplies.
- Iran has virtually blocked the key Strait of Hormuz, where one-fifth of the world's oil and natural gas passes, and has warned of increasing attacks on regional energy sites, following incidents like a drone attack on a Kuwaiti refinery.
- Iran's former foreign minister has proposed a deal to end the war, suggesting Tehran curb its nuclear program and reopen the Strait of Hormuz in exchange for sanctions relief.
Why This Matters
The escalating conflict in the Middle East, particularly the threats to global energy supplies and the potential blockage of the Strait of Hormuz, directly impacts Ghana. As an oil-importing nation, Ghana would face higher crude oil prices and increased costs of refined petroleum products, leading to inflationary pressures and affecting its economic stability and the cost of living for its citizens. Furthermore, global economic instability caused by this conflict could deter foreign investment and impact Ghana's international trade relations.
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July 9, 2026
Eastern Corridor Road to undergo full asphalt reconstruction, not patch repairs – Roads Minister
- The Minister for Roads and Highways announced a full reconstruction of sections of the Eastern Corridor Road.
- The government will now use asphalt pavement instead of continuing with temporary patch repairs on the existing surface-dressed road.
- This decision follows technical assessments revealing the corridor has exceeded its design life and requires a more permanent solution.
- The reconstruction involves replacing the road base and applying a stronger asphalt surface to ensure lasting value and durability.
- The initiative aims to improve road safety, strengthen connectivity, reduce maintenance costs, and support economic activities along the corridor.
July 9, 2026
Ibrahim Mahama to pay hospital bills of Ghana’s tallest man battling gigantism
- Businessman Ibrahim Mahama has pledged to fully cover the medical expenses of Abdul-Samed Sulemana, known as Awuche, Ghana's tallest man.
- Awuche's health deteriorated due to gigantism complications, leading to a referral to Tamale Teaching Hospital.
- Doctors at TTH recommended amputation of Awuche's left leg due to a severe infection.
- Ibrahim Mahama's aide confirmed the commitment, assuring coverage of all medical costs and surgery.
- Awuche has safely arrived at Tamale Teaching Hospital and has commenced the necessary medical procedures.
July 9, 2026
75 Bank staff dismissed as fraud cases surge 48% – Bank of Ghana report
- Fraud cases in Ghana's financial sector surged by 48% in 2025, reaching 24,778, according to the Bank of Ghana's report.
- This increase was predominantly driven by the Payment Service Providers (PSPs) sector, which saw a 98% rise in incidents and a 95% increase in value at risk.
- While banks and Specialised Deposit-Taking Institutions (SDIs) reduced incident numbers, their value at risk increased due to specific issues like cash suppression and forgery.
- The total value at risk across the financial sector marginally rose from GH¢99 million in 2024 to GH¢101 million in 2025.
- The Bank of Ghana calls for unified efforts from all stakeholders, enhanced regulatory frameworks, and improved supervision to combat evolving fraud risks in the increasingly complex financial landscape.