costs

Europe's Bold Defence Initiative: A Response to New Threats Europe is setting forth on a significant spending initiative, reminiscent of the nearly trillion-euro response crafted during the Covid pandemic. As we navigate this new phase, the rhetoric surrounding this endeavor evokes the existential threat the pandemic once posed. This time, however, the looming threat comes from Russia. "There is an intelligence assessment that Russia will test EU defences within three to five years," remarked a senior EU…

On a bustling street in the heart of Accra, where the rhythm of Ghana's vibrant culture meets the still, quiet threat of bureaucratic inefficiency, an earnest voice rose above the clamor. This voice belonged to Beauty Nartey, the President of the Ghana Anti-Corruption Coalition (GACC). She took the stage at the launch of the Strengthening the Rule of Law and Fight Against Corruption in Ghana project, bearing an unsettling truth. In her opening remarks, Nartey conveyed an unsettling statistic…

In the ever-evolving landscape of Nigeria's oil market, a recent revelation has captured the attention of industry insiders and consumers alike. As of now, oil marketers are grappling with a significant challenge: the steep landing cost of fuel stands at N797.66 per liter. This scenario exists despite the concerted efforts by these marketers to curb their losses by reducing fuel purchases. One can't help but wonder: How long can this continue? As the ripple effects of a fierce price war initiated by…

Have you ever wondered about the delicate intricacies of international alliances and their sometimes tumultuous dance? Elon Musk, the CEO of Tesla who has recently taken on the intriguing role of heading the Department of Government Efficiency, touched on this subject in a rather provocative manner. He reshared a post on X this past Sunday with bold enthusiasm, exclaiming, "Exit NATO now!" "We really should," Musk asserted in a straightforward manner, expressing his views on the financial responsibilities tied to…

Analyzing the CPI: A Journey through Clothing and Footwear Costs Have you ever wondered how the cost of the clothes you wear is determined? Every stitch, button, and thread of our outfits is intertwined with the financial fabric known as the Consumer Price Index (CPI). Historically, CPI has been composed of several components, with housing, clothes, and food leading the charge. Think about it—while food undeniably sits at the throne of essentials, for many, clothes follow right at its heels. And isn't it…

Unraveling the Thread: The Economic Impact of Clothing Prices The Consumer Price Index (CPI) is an economic concept many of us hear about, but few truly grasp. It consists of various elements, with food, clothing, and housing being the most significant. However, there are other interesting items on this list—recreation, health, and education, to name a few. My friend once said, "It’s like trying to balance plates on a stick—you’ve got to keep an eye on each one." Have you ever noticed…

Nepal has made the bold decision to raise fees for climbing Mount Everest by more than 35%. This adjustment, officials report, marks the first hike in nearly a decade for the planet's highest peak, making the arduous journey somewhat costlier for aspiring mountaineers. The financial influx generated from these permit fees—alongside the spending habits of foreign climbers—plays a pivotal role in bolstering the economy of this cash-strapped nation. Nestled in the heart of the Himalayas, Nepal boasts eight of the globe’s 14…

By the year 2025, Nigeria could see a staggering 33 million individuals grappling with severe food scarcity—almost double the current figures for those in dire need. This dire situation stems from a confluence of economic challenges, soaring inflation, the effects of climate change, and the ongoing violence that plagues the northeastern regions of the country. In the northwest, specifically in Borno, Adamawa, and Yobe, over five million people currently experience acute food insecurity, and the crisis is anticipated to…

(ERGO) – Aweys Maye Mohamed, a hands-on craftsman and the patriarch of a family of four in the heart of Mogadishu, has found it nearly impossible to scrounge up even a single meal each day since he hit the unemployment wall in July. His fate mirrors the plight of countless skilled tradesmen now out of work as the scramble for Somali scrap metal has turned it into a prized commodity for export, fetching a price tag beyond the reach of neighborhood metal shops. "Losing my job shook the very foundation of our household,"…

Outgoing President Nana Akufo-Addo, a former human rights lawyer who became head of state known for his diplomacy, barely won the presidential election on Monday, December 7, against his lifelong rival, John Mahama. From our Accra correspondent,The man has a gracious face and still wears small round Harry Potter glasses. He…