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February 24, 2026
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Trump’s new tariff comes into effect at lower-than-expected rate
Money
Policy
Growth
Key Points
- US President Trump has implemented new global tariffs at 10%, despite earlier pledges for a higher rate of 15%.
- This action follows a Supreme Court decision that blocked the administration's previous sweeping import taxes.
- The temporary 10% tariffs, imposed under the 1974 Trade Act, aim to address the US trade deficit and rebalance trade relationships.
- Analysts warn that the inconsistent policy creates chaos and uncertainty, significantly increasing the risk of a full-fledged global trade war.
- International partners, including the UK, EU, and India, are evaluating potential retaliatory measures or suspending trade deal negotiations in response.
Why This Matters
As a developing economy with significant international trade ties, Ghana is vulnerable to the ripple effects of global trade instability. A potential trade war could disrupt global supply chains, reduce demand for Ghanaian exports like cocoa and minerals, and lead to increased import costs, thereby impacting Ghana's economic growth and foreign investment prospects.
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April 9, 2026
Dr. Dre joins Forbes billionaires list as second-richest hip-hop artist with $1 billion fortune
- Dr. Dre has officially been placed on Forbes' 2026 World’s Billionaires list.
- His net worth is estimated at $1 billion, largely built through music, production, and the sale of Beats by Dre.
- He is now one of only six musicians on the list, alongside Jay-Z, Beyoncé, Rihanna, Taylor Swift, and Bruce Springsteen.
- Forbes identifies Jay-Z as the world's wealthiest musician with an estimated net worth of $2.8 billion.
- This recognition solidifies Dr. Dre's status as a self-made American billionaire and a major figure in global music and business.
April 8, 2026
AGI commends government’s move to resolve the power crisis in Volta and Oti Regions
- The Association of Ghana Industries (AGI) has commended the government's efforts to resolve the power crisis in the Volta and Oti Regions.
- Plans are underway to rehabilitate transmission lines with higher voltage cables and other machinery to improve power supply.
- This project aims to increase power capacity from GRIDCO to ECG, benefiting clients across the two regions.
- Current power cuts and fluctuations have severely hindered industrial production, particularly impacting small and medium-skilled enterprises.
- AGI hopes the project will be completed within the stipulated one year to ensure stable power for sustained industrial production.
April 7, 2026
Legendary manager Lucescu dies days after resigning
- Legendary Romanian football manager Mircea Lucescu has died at the age of 80.
- He passed away five days after stepping down as Romania's head coach due to illness.
- Lucescu had an extensive managerial career, leading clubs like Inter Milan, Galatasaray, Shakhtar Donetsk, and the Turkish national team.
- The Romanian Football Federation and various clubs paid tribute to him as a brilliant tactician, mentor, and national symbol.
- He also captained Romania at the 1970 World Cup as a player.