Browsing Tag

bank

World Bank Questions Accuracy of Nigeria’s Data

Imagine trying to juggle several items in the air, only to discover you’re constantly a step behind your peers. This is essentially the predicament Nigeria found itself in after a recent evaluation by the World Bank. A comparison was drawn between Nigeria’s statistical apparatus and those of several countries, such as Mexico, Colombia, South Africa, and Brazil. These nations, by the Bank’s standards, seem to soar higher in terms of statistical proficiency. It’s a stark reminder that, in the global arena,…

Renowned Oscar-winning Director Hamdan Ballal Arrested in the West Bank

A Palestinian filmmaker, whose documentary recently received an Oscar, is currently facing detention by Israeli forces in the West Bank following an alleged incident involving settlers and Palestinians. Hamdan Ballal is one of four filmmakers behind No Other Land, which won the Oscar for Best Documentary Feature Film earlier this month. The film sheds light on the ongoing struggles of Palestinian residents in the Masafer Yatta region, as they fight to prevent the Israeli military from demolishing their villages. As Ryan…

Ghana’s Central Bank Blocks MTN’s License Proposal

In today's ever-evolving landscape of financial technology, it's easy to get swept up in the whirlwind of innovation. However, behind the scenes, regulators are working diligently to ensure that these technological advancements do not outpace the safety nets put in place to protect consumers and maintain market integrity. A recent development in this field involves MobileMoney Limited, the company that operates MTN MoMo. The central bank released a statement, noting, "MobileMoney Limited has not been authorised to carry out…

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…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More