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The Minister of State for Government Communications, Felix Kwakye Ofosu, recently announced a significant spending cut at the Jubilee House. President John Dramani Mahama has decided to eliminate all paid television subscriptions, leading to an impressive monthly saving of GH₵120,000, roughly translating to $12,000. Such a move not only highlights a keen awareness of fiscal responsibility but also sets a precedent for public administration in Ghana. In an insightful interview with the Ghana Broadcasting Corporation (GBC),…

Egyptian President Abdel Fattah al-Sisi, in a bid to illuminate the economic ripples of regional tension, unveiled a worrying revelation on Monday. The Suez Canal, a crucial artery of global maritime trade, is hemorrhaging approximately $800 million every month. A staggering loss underscored by growing instability in the region. This shortfall not only poses a threat to Egypt’s economic engine but also raises a question: What are the far-reaching consequences of such financial hemorrhage on global…

The Suez Canal: Navigating Rough Waters in Search of Economic Stability The Suez Canal, a name synonymous with maritime economics and global trade, faces rough waters once more. Imagine a once vibrant corridor, bustling with the energy of international trade, now struck by a trifecta of unforeseen challenges. This crucial waterway, which has been the heart of Egypt's economic lifeline, is currently grappling with a loss of around $800 million in monthly revenue. How did this happen? And more importantly, what does it mean…