Author: charles Akor

US Headed for Government-Induced Financial Crisis, Warns Former Treasury Secretary Summers The Warning Signs of an Approaching Financial Storm Former United States Secretary of Treasury, Lawrence Summers, has issued a stark warning that America is heading toward a serious financial crisis—one he claims is “wholly induced” by US government tariff policies. This alarming assessment comes amid escalating trade tensions between the United States and China, raising concerns about global economic stability. Unusual Market Patterns Signal Trouble In a detailed analysis shared on his X (formerly Twitter) account on Wednesday, Summers highlighted a troubling economic indicator: long-term interest rates are increasing…

Global Crude Prices Plummet 6% as US-China Tariff War Intensifies Crude Oil Markets Tumble Amid Escalating Trade Tensions Global crude oil prices experienced a dramatic 6 percent crash on Wednesday as the tariff war between the United States and China reached new heights. This significant market reaction underscores the fragility of global commodity markets amid heightening international trade tensions between the world’s two largest economies. According to data from OilPrice.com, WTI crude futures plummeted by approximately $4.01, representing a steep 6.7 percent decline, settling at $56.06 per barrel. Simultaneously, Brent crude, the international benchmark, tumbled to $59.33 per barrel at…

Ghana Airport Company Statement on Drug Trafficking Allegations Faces Harsh Criticism Media Professional Questions GACL’s Statement Professionalism and Consistency The Ghana Airport Company Limited (GACL) finds itself at the center of a growing media storm after a prominent newspaper editor publicly condemned its official statement addressing drug trafficking allegations at Ghana’s main international gateway. Elvis Darko, Editor of the Newscenta Newspaper, has raised serious concerns about both the tone and substance of GACL’s public response to accusations made by Assin South MP Rev. John Ntim Fordjour. Speaking on Channel One TV’s Breakfast Daily on Wednesday, April 9, Darko delivered a…

Ghana’s Minister: Illegal Mining Fight Must Be Continuous, Not Time-Bound Campaign Galamsey Requires Perpetual Vigilance, Says Government Spokesperson Ghana’s battle against illegal mining, locally known as galamsey, must be approached as a permanent responsibility rather than a campaign with deadlines, according to Minister of State in Charge of Government Communications, Felix Kwakye Ofosu. Speaking on Face to Face on Channel One TV on Tuesday, April 8, the Minister outlined a significant shift in how the government views this environmental crisis that has devastated Ghana’s water resources and ecosystems. “First of all, I’m not sure that a timeline is necessarily the…

Ghana Trade Associations Unite Against New US 10% Tariff on Exports Key Ghanaian Export Sectors Face Significant Threats from US Tariffs Three of Ghana’s most influential trade associations have launched a united appeal to the United States government, urging a reconsideration of the recently imposed 10% tariff on Ghanaian exports. The Ghana Union of Traders Association (GUTA), the Vegetable Producers and Exporters Association of Ghana (VEPEAG), and the Food and Beverages Association of Ghana (FABAG) have collectively voiced grave concerns over the potential economic damage these tariffs could inflict on thousands of Ghanaian businesses and export-oriented industries. This coordinated industry…

Supreme Court to Decide Fate of Constitutional Challenge in Chief Justice Removal Process Constitutional Battle Unfolds Over Judicial Independence In a case that could redefine the balance of power between Ghana’s executive and judicial branches, the Supreme Court of Ghana is set to hear arguments challenging the constitutional procedure being used in the potential removal of Chief Justice Gertrude Torkornoo. This high-stakes legal battle comes amid mounting tensions over judicial independence in one of West Africa’s most stable democracies. Vincent Ekow Assafuah, Member of Parliament for Old Tafo, has filed the case questioning President John Dramani Mahama’s handling of three…

Former NYA Deputy CEO Claims Air Med Aircraft Maintenance Video Was Staged Government Explanations Meet Skepticism Over Mysterious Aircraft In a dramatic escalation of Ghana’s ongoing Air Med aircraft controversy, Akosua Manu, Former Deputy CEO of the National Youth Authority (NYA), has publicly challenged the government’s official explanation, alleging that the maintenance video circulated by the Minister of State for Government Communications, Felix Ofosu Kwakye, was deliberately staged. Speaking on Channel One News’ Breakfast Daily on Wednesday, April 9, Manu expressed significant doubts about the authenticity of the video, suggesting that closer examination reveals clear signs of manipulation that warrant…

Ghana’s Constitutional Crisis: Petitions Against Chief Justice Shrouded in Secrecy Presidential Confidentiality Maintains Constitutional Integrity In a development that has captured the attention of Ghana’s legal community, Minister of State in Charge of Government Communications, Felix Kwakye Ofosu, has revealed that Chief Justice Gertrude Torkornoo has formally responded to petitions seeking her removal. Speaking on Face to Face on Channel One TV, Kwakye Ofosu emphasized the exceptional level of confidentiality surrounding these petitions, in strict adherence to Ghana’s constitutional provisions. “Indeed, as I sit here, I don’t know the content of the petitions, as the constitution dictates. The President has…

Supreme Court Green-Lights Trump’s Deportation of Gang Members Using 1798 Law Historic War-Era Law Now Being Used for Immigration Enforcement In a pivotal ruling, the US Supreme Court has temporarily permitted President Donald Trump to continue deportations of alleged gang members through the rarely-invoked Alien Enemies Act of 1798. This centuries-old wartime statute is now at the center of America’s immigration debate, though the Court clearly emphasized that individuals must be given proper opportunity to legally contest their removal. The ruling effectively overturns a March 15 lower court order that had halted the deportation of several Venezuelan nationals. That court…

White House Issues Ultimatum to Iran: “Strike a Nuclear Deal or Face Hell to Pay” Tensions Rise as Trump Administration Takes Hard Line on Iran Nuclear Program The diplomatic chess game between Washington and Tehran escalated dramatically on Tuesday as the White House delivered what many foreign policy experts are characterizing as an ultimatum to the Iranian regime. This development marks a significant turning point in an already volatile relationship between the two nations. White House Press Secretary Delivers Stern Warning to Tehran During the daily press briefing, White House Press Secretary Karoline Leavitt made no attempt to soften the…