President John Dramani Mahama has ordered a GH¢2.00 per litre cut in the regulatory margin on diesel, with the measure taking effect on Tuesday, August 4, 2026.
President John Dramani Mahama has ordered a GH¢2.00 per litre cut in the regulatory margin on diesel, with the measure taking effect on Tuesday, August 4, 2026.
AD Ports Group of the United Arab Emirates (UAE) signed an agreement Thursday to take over the running of part of Pakistan's main Karachi docking facility in a deal worth an immediate $220 million, the company said. AD Ports Group has formed a joint venture with another UAE company, Kaheel Terminals, to take over berths from Karachi Port Trust (KPT), the state-owned handling agency.
A senior US Federal Reserve official said Thursday that additional interest rate hikes are needed to tackle historically high inflation. "Nearly all FOMC participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year," he said, adding that "a big majority" believe two additional hikes will be needed this year.
If world leaders and the heads of multilateral development banks gathered at a Paris summit recognise that climate goals depend on revamping the architecture of global finance, it would be a "historic" development, a top development economist said Thursday.
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