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bank

Ghana Suspends Gold-for-Oil Deal Amid Central Bank Leadership Change

In a world that's often as unpredictable as a winding road through hilly terrain, Ghana finds itself at a critical juncture. The nation's central bank has taken a bold step by pausing its innovative but tumultuous program of using gold to purchase oil. This decision arrives amidst expectations that the cedi, Ghana's steadfast currency, will find its footing after a stormy year. Anecdote: I remember sitting at a small café in Accra, drinking a freshly brewed cup, when I overheard a conversation about…

Released Palestinian Detainees Reach Ramallah in the Occupied West Bank

In a significant and heart-wrenching turn of events, Israel has freed hundreds of Palestinian prisoners and detainees. This release closely followed the announcement by the Palestinian militant group Hamas, which confirmed the handover of what are believed to be the remains of four hostages. This development represents a poignant chapter in a long-standing conflict that has deeply impacted countless lives. Prime Minister Benjamin Netanyahu’s office articulated their sentiments clearly, stating that Israel received the…

Bank of Ghana Plans to Launch New Forex Regulation – Johnson Asiama

Transforming Ghana's Financial Landscape: A Look into the Proposed Foreign Exchange Law In a significant move towards revitalizing the banking sector in Ghana, Dr. Johnson Pandit Asiama, Governor of the Bank of Ghana, has unveiled an ambitious plan to introduce a new foreign exchange law. This initiative forms a crucial component of a larger, strategic six-point intervention aimed at evolving the nation's financial environment. As Dr. Asiama remarked, "We will implement strategic interventions, including the…

GAA Palestine Aims to Create a Sports Field in the West Bank

Ireland's native games have served as more than mere sports; they are vessels of culture, connection, and community. For countless years, these activities have woven intricate threads that link people across continents. A remarkable story emerged in 2024 when a London-Irish man, Stephen Redmond, ventured to the West Bank and was inspired to create something extraordinary. Thus, GAA Palestine was born, a vibrant initiative that seeks to cultivate the spirit of Gaelic games within Palestinian communities. Imagine the scene:…

Over $53 Billion Required for Gaza’s Reconstruction, Report World Bank, UN, and EU

Is it truly possible to capture the depth of destruction in mere numbers and figures? A comprehensive report co-authored by the World Bank, United Nations, and European Union posits the financial burden of rebuilding the Gaza Strip is staggering — a colossal $53.2 billion over the upcoming decade. While numbers carry their own weight, they barely scratch the surface of the economic devastation wrought by the recent conflict. The aptly titled 'Gaza and West Bank Interim Rapid Damage and Needs Assessment (IRDNA)' provides a…

Hamas Blames Israel for Stalling Gaza Truce Amid Escalating West Bank Tensions

Mogadishu (AX) — In the swirling dance of diplomacy and military tensions, Sunday heralded another somber chapter from the knotty conflict front. A tragic incident shook the northern Gaza Strip as Israeli forces reportedly killed a Palestinian while they were attempting to make their way back to a place he once called home. As if on cue, Hamas unleashed a salvo of accusations, charging Israel with dragging its feet on the supposed ceasefire and leaving displaced folks in a lurch with bureaucratic shackles. Well, Israeli…

Israeli Airstrike Claims Two Lives Amid Ongoing Major Operation in the West Bank

In a harrowing turn of events, an Israeli drone strike targeted a vehicle near the bustling West Bank town of Qabatiya, resulting in the tragic deaths of two individuals, as reported by the Palestinian health ministry. This incident marks the fourth day of a significant Israeli military operation in the nearby city of Jenin, an offensive that began just after a ceasefire was brokered in the ongoing conflict in Gaza. The Israeli Defense Forces (IDF) contended that the airstrike successfully neutralized what they labeled as a…

Jenin Inhabitants Evacuate Their Homes During Israeli Operation in the West Bank

Residents of Jenin reported that Israeli drones equipped with loudspeakers urged them to evacuate their homes as the military ramped up its demolition efforts on the third day of an extensive operation in the West Bank city. The sky, once a serene canopy, now echoed with urgent messages while the ground shook under the weight of military machinery. This operation, marked by convoys of armored vehicles supported by swooping helicopters and reconnaissance drones, commenced amid a tenuous ceasefire in Gaza. This fragile pause…

Federal Government of Somalia Keeps Infusing Politics into World Bank Initiatives

MOGADISHU, Somalia - Federal Minister Xayir Maareeye, in a Facebook post responding to Puntland Minister of Agriculture Maxamed Cabdiqaadir Doonyaale, has stated that tractors provided by the Federal Government to farmers in Iskushuban district of Bari region were part of a World Bank-funded project designed to support Somali farmers. You see, Minister Maareeye is a bit ticked off—with his words on social media cutting through the clutter, like a hot knife through butter. “I’ve been catching wind of naysayers spreading…

Israeli Airstrike Claims 18 Lives in the West Bank, Reports Palestinian Health Ministry

The Palestinian health ministry has reported a grievous loss of life in the Tulkarm refugee camp situated in the West Bank, where at least 18 individuals were tragically killed due to an Israeli airstrike. This attack was purportedly aimed at eliminating a Hamas commander, whose presence was significant in the region. A representative from the Palestinian security services described this air raid as the most catastrophic event in the West Bank since the year 2000, highlighting the escalation of violence in recent times.…

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