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Economy Ministers of the BRICS countries are in the final stages of completing the de-dollarisation programme – Iran’s Foriegn Minister says

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2 months ago

June 11, 2024

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BRICS nations (Brazil, Russia, India, China, and South Africa) are actively working towards de-dollarization. This move could potentially shake up the global financial landscape and reduce the dominance of the US dollar in international trade.

However, as with any major change, there are bound to be challenges and hurdles to overcome. The BRICS countries will need to establish a robust financial infrastructure and gain widespread acceptance for their new currency.

It’s worth noting that de-dollarization is not a new concept, and many countries have attempted to reduce their reliance on the US dollar in the past. However, the BRICS nations have the advantage of representing a significant portion of the global population and economy, which could give their efforts more weight.

Iran’s involvement, looks likely that they see this as an opportunity to strengthen their economic ties with the BRICS countries and reduce their dependence on the US dollar. Given the current geopolitical climate, it’s not surprising that Iran would be interested in diversifying its financial relationships.

Overall, while the de-dollarization program is still in its final stages, it’s a development worth keeping an eye on. The outcome could have far-reaching implications for the global economy and the balance of power between nations.

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NCA promises data price reductions by end of 2024

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1 day ago

July 26, 2024

KSmylesGH

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According to the National Communications Authority (NCA), data charges in Ghana are likely to reduce by the end of 2024. This reduction is expected to be made possible by the introduction of the NGIC wholesale carrier-neutral open access network. The NCA has given its assurance to the public regarding this price drop, which is aimed at addressing concerns about high internet data pricing. This move is part of the NCA’s efforts to ensure fair competition and protect consumer interests within the telecommunications industry.

Speaking on Eyewitness News with Umaru Sanda Amadu on Citi FM, the Director General of NCA, Dr. Joe Anokye, said data prices will likely decrease with the introduction of the NGIC wholesale carrier-neutral open access network.

This network, expected to be launched by the last quarter of the year, will enable operators like AT, Telecel, and MTN to purchase bulk data without upgrading towers or equipment, leading to increased efficiency and reduced costs.

Dr Anokye expressed optimism, saying, “Data prices are expected to go down, especially again with the NGIC wholesale career neutral open access, now AT, now Telecel, even MTN, they will just buy bulk, they don’t have to upgrade towers, they don’t have to buy new equipment to provide 4G, another entity is doing that.

“They are supposed to launch by the last quarter of the year, and going from there we begin adding more towers. I think we should be hopeful.”

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The Indian High Commissioner to Ghana pays a visit to Western Region as part of working tour of the region

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1 day ago

July 26, 2024

KSmylesGH

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The Indian High Commissioner to Ghana, Mr. Manish Gupta, recently visited the Western Region of Ghana as part of his working tour of the region.

During his visit, he interacted with alumni of the Indian Technical and Economic Cooperation (ITEC) program, representatives of Regional Media, and the resident Indian community. This visit was aimed at fostering cultural and traditional collaborations between India and the Western Region, highlighting the profound cultural and traditional parallels between the two regions.

INDIAN HIGH COMMISSIONER TO GHANA VISITS TTU

The Indian High Commissioner to Ghana also paid a familiarization visit to Takoradi Technical University (TTU), with the objective to strengthen educational ties between India and Ghana. He held a meetings with Rev. Prof. John Frank Eshun, Vice Chancellor of Takoradi Technical University.

INDIAN HIGH COMMISSIONER TO GHANA VISIT TO TAKORADI PORT

He also held meetings with Mr. Peter Amo Bediako, Director of the Takoradi Port.

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Ghana Supreme Court Upholds Anti-Gay Law

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1 day ago

July 26, 2024

KSmylesGH

Ghana's Supreme Court

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Ghana’s Supreme Court has upheld a law criminalizing anal sex and other forms of unnatural carnal knowledge, declaring it constitutional. The ruling applies to both heterosexuals and homosexuals, maintaining that anything other than penetrative sex between a man and a woman is illegal.

The Supreme Court of Ghana has upheld a law criminalizing gay sex, which dates back to 1960. The law, known as the Criminal Code of 1960, prohibits “unnatural carnal knowledge,” which includes same-sex sexual acts. Offenders can face up to three years in jail under this law. The court’s decision was made on July 24, 024, and it dismissed a lawsuit challenging the law’s constitutionality. The court’s reasons for the ruling will be provided at a later date.

This decision comes amidst ongoing debates and legal challenges surrounding LGBTQ+ rights in Ghana. A new bill, the Human Sexual Rights and Ghanaian Family Values Bill, which was passed in parliament in February, seeks to introduce even harsher penalties for same-sex relations and advocacy for LGBTQ+ rights. The bill is currently awaiting a decision from the Supreme Court on its constitutionality. If the bill becomes law, it could significantly impact the LGBTQ+ community in Ghana.