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May 3, 2026
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Beyond the UNFCCC COPS : A New Climate Coalition puts science at the heart of global action
Money
Policy
Opportunity
Growth
Key Points
- A new model of global climate governance is emerging, prioritizing science over politics in decision-making, distinct from traditional UN climate negotiations.
- The first global summit dedicated to phasing out fossil fuels was held in Santa Marta, Colombia, in April 2026, bringing together countries committed to a clear transition away from oil, gas, and coal.
- This summit led to the creation of the Science Panel for the Global Energy Transition (SPGET), designed to provide direct, policy-relevant scientific guidance to participating governments.
- Key recommendations include an immediate halt to new fossil fuel infrastructure, elimination of fossil fuel subsidies, and rapid scaling of renewable energy investments.
- This signals a rise in "coalition-based climate governance," offering speed and ambition but raising questions about inclusivity, with significant implications for countries like Ghana.
Why This Matters
For Ghana, a nation with developing fossil fuel interests and renewable energy potential, this new coalition-based climate governance presents a critical juncture. It could unlock vital climate finance and technology transfer, positioning Ghana as a leader in the Global South, but also necessitate challenging policy reforms such as adjusting energy subsidies and reassessing its fossil fuel development strategies.
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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.