Professor Eddie Obeng says Ghana’s new GH¢50 note shows his mother, Dr Letitia Obeng, instead of aunt Theodosia Okoh, raising questions over the Heritage Series.
Mahama said old Ghana cedi notes would remain in use alongside the new Heritage Ghana Series as banks gradually withdraw them during a phased transition plan.
Lufthansa pilots are to receive pay rises totalling 18 percent in the coming years, with the German airline saying Thursday it would bring "stability" after strikes over surging inflation. The airline said it comprised staggered pay rises until the end of 2026, amounting to an increase of least 18 percent of basic salary.
Tapestry, the US owner of lifestyle brands including Coach and Kate Spade, said Thursday it will acquire Michael Kors parent company Capri for $8.5 billion, creating a new global fashion giant to compete with European powerhouses. "Kate Spade was also in a similar position when Tapestry acquired it, and is now emerging in positive form from a successful reinvention.
US consumer inflation inched up in July, government data showed Thursday, rebounding slightly for the first time in around a year and adding pressure on policymakers as they weigh further interest rate hikes. Farooqi added that the July figures will be "welcome news to policymakers" who have a longer-term target of two percent.
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