According to the report Nigeria’s fiscal position deteriorated in 2022, leaving the cost of the petrol subsidy to increase from 0.7 percent to 2.3 percent of GDP. The World Bank has said Nigeria has spent 96.3% of its revenue in 2022 on servicing its debts. This was contained in the Macro Poverty Outlook for Nigeria: April 2023 […] The post Nigeria spent 96.3%
Ghana is expected to generate over US$1.5 billion from tourist arrivals by 2027, Professor Samuel Annim, the Government Statistician, has said. The figure, the Professor stressed, would create over 1.4 million jobs for the citizenry and reduce the country’s employment deficit. Prof Annim announced this at the maiden launch of this year’s Domestic and Outbound […] The post Ghana
Development Bank Ghana (DBG) has secured $70 million to implement a Partial Credit Guarantee scheme to help banks and financial institutions to adequately assess and manage risk. The World Bank is offering $50 million while KfW will provide $20 million for the establishment of the Partial Credit Guarantee (PCG) subsidiary of the Bank. The Chief […] The post Development
Epixode has revealed in an interview on Joy Prime that he usually does not make monetary gains from shows. The versatile Ghanaian musician told the host Kwame Dadzie that a lot of the gigs come with benefits other than money. “Eighty percent of the stuff, sometimes some of the negotiations you do, don’t come with money, relationships […] The post 80% of my gigs don’t come with
At least one Indonesian soldier has been killed in a rebel attack while searching for a kidnapped New Zealand pilot in the Papua region, officials say. Rebels later claimed nine soldiers were shot dead in the clash, while the Associated Press cited military sources that put the death toll at six. The troops were part […] The post Papua: At least one killed
Doctors’ organizations in Sudan say hospitals are being bombarded with military strikes in targeted attacks, as clashes between the army and a paramilitary group ramp up for the third day. The Sudan Doctors Trade Union has identified at least half a dozen hospitals that have been struck, though exact information is difficult to come by. […] The post Sudan:
Slovakia has become the third European country to pause imports of some Ukrainian agricultural products, amid fears a glut is pushing prices down and imperilling farmers, as Hungary threatened to extend a grain ban. Sandor Farkas, the Hungarian agriculture minister, said on Monday that if the European Union does not take sufficient action to protect […] The post Slovakia
An attempt to launch the most powerful rocket ever into space has been postponed for at least 48 hours. The vehicle, known as Starship, has been built by US entrepreneur Elon Musk’s SpaceX company. The uncrewed mission on Monday was called off minutes before the planned launch from Boca Chica, Texas. The problem appears to […] The post SpaceX Starship:
In the last few days, several national issues have dominated media headlines and public discourse. From the visit of the US Vice President to Ghana; the adrenaline rush by Ghana’s Parliament to pass the three tax bills; attempts by the National Democratic Congress to torpedo the approval of six newly appointed ministers; to the failed […] The post Feature: Ghana’s 2023
Chelsea, Real Madrid renew hostilities at Stamford Bridge Facing the unenviable task of trying to record a three-goal win over the reigning European champions, Chelsea host Real Madrid in the second leg of their Champions League quarter-final on Tuesday night. The teams renew hostilities at Stamford Bridge with Los Blancos boasting a 2-0 advantage from their Bernabeu showdown, and Frank Lampard‘s homecoming has done […] The post Today’s
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