Author Archives: larryehu

We can’t host Ecowas because of safety risk – Niger junta

Leaders of Niger’s ruling military junta say they can’t accept a high-level diplomatic visit because there’d be a risk to the visitors’ security. Delegates from the regional grouping Ecowas, the African Union and the United Nations had been due to fly in today. But the coup leaders told Ecowas that sanctions and the threat of invasion from the bloc had ...

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Bank of Ghana intentionally compromised its independence; sold its birthright to govt – Bokpin

The Bank of Ghana (BoG) intentionally compromised its independence and sold its birthright to the government by exposing itself too much to provide financial assistance to the central government, a Professor at the University of Ghana Business School, Godfred Bokpin, has said. Prof Bokpin attributed the current financial difficulties that the central banks is facing to the over-exposure to the ...

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BoG Governor’s ‘recklessness’, ‘mismanagement’ cost taxpayer $6bn – ‘twice the IMF bailout we’re struggling, sacrificing for’: NDC

The Bank of Ghana’s “staggering” loss of GHS60.8 billion, per the Auditor-General’s 2022 report, which is equivalent to $6 billion, the main opposition National Democratic Congress has computed. “This is twice the amount [$3 billion] we are to receive from our recent IMF bailout”, Minority Leader Dr Cassiel Ato Forson told journalists on Tuesday, 8 August 2023 at the party’s ...

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Zoom orders workers back to the office

Zoom, the video communications company whose name became synonymous with remote work during the pandemic, has ordered staff back to the office. The firm said it believed a “structured hybrid approach” was most effective and people living within 50 miles (80km) of an office should work in person at least twice a week. It is the latest push by a ...

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Italy legend Gianluigi Buffon retires at 45

Former Italy goalkeeper Gianluigi Buffon has announced an end to his long but envious career as a goalkeeper. The 45-year-old retires after enjoying a storied career with the four-time World Cup champions as well as top clubs including Juventus and Paris St-Germain. With Italy, Buffon played a pivotal role in helping them clinch the 2006 World Cup title which was ...

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Kenya suspends Worldcoin cryptocurrency, data protection probe

Kenya announced on Wednesday that it was suspending the Worldcoin cryptocurrency, whose verification system is based on iris recognition, pending the outcome of investigations into “the security and protection of data” collected by the company. Launched at the end of June in Germany by OpenAI boss Sam Altman, the Worldcoin system is also under investigation by European regulators, notably in ...

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Nigerian labour unions march against soaring cost of living under new president

Labour unions marched across Nigeria on Wednesday to protest the soaring cost of living under the West African nation’s new president, with calls for the government to improve social welfare interventions to reduce hardship. Usman Abdullahi Shagari, health ministry worker: “The removal of fuel subsidy has increased (the cost of) almost everything in the country so far, but precisely if ...

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Nigeria cuts electricity to Niger after coup

Nigeria has cut its electricity supply to Niger, AFP learned on Wednesday from a source close to the management of the Nigerien Electricity Company (Nigelec), in line with the sanctions decided by the West African neighbors of Niger destabilized by a coup. “Nigeria disconnected since yesterday (Tuesday) the high voltage line that carries electricity to Niger,” the source said. A ...

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