Ghana Minute.
Friday, 7 August 2026
Ghana’s news, on the hour · Est. 2026
Friday, 7 August 2026
Accra—:—London—:—New York—:—Beijing—:—
Ghanaian press · Place

Middle East

2026-04-272026-08-07

In coverage

Verbatim sentences from the source article.

  1. August 2026
  2. Joy Online

    The National Petroleum Authority (NPA) has assured Ghanaians that the country has enough fuel stocks to withstand potential supply disruptions arising from escalating tensions in the Middle East.

    Ghana has over 5 weeks of fuel in reserve – NPA moves to calm fears over Middle East tensions
  3. Joy Online

    The intervention aims to ease the burden on consumers while concerns persist about potential supply disruptions stemming from tensions in the Middle East.

    We never stop receiving fuel – NPA explains why Ghana’s stocks keep growing
  4. Joy Online

    Asiama also explained that the recent pressure on the cedi was largely due to global developments, particularly the conflict in the Middle East, but said the currency has since recovered.

    We have adequate reserves to stabilise and protect cedi’s value – BoG Governor assures
  5. Joy Online

    He said the impact of conflicts in the Middle East, particularly through rising oil prices, continued to affect the economy.

    Ghana’s economic outlook remains positive as inflation declines — BoG Governor
  6. Joy Online

    They’re making fun of Michigan,” she said. “They’re thinking they’re better than us.” A divide on Israel El-Sayed has also spoken out against US involvement in the Middle East, including aid to Israel.

    Michigan Democrats locked in tight battle to earn Senate nomination in crucial seat
  7. Joy Online

    According to the Fund, “Ghana’s near-term growth and inflation outlook is favorable but subject to elevated downside risks.” It identified external threats including “commodity price volatility, geopolitical tensions (including from the war in the Middle East), and trade disrupti

    Keep fuel subsidies temporary and well-targeted or risk fiscal damage – IMF warns Ghana
  8. Joy Online

    He made the point that the war in the Middle East was having an impact on the domestic economy; however, there was high confidence that when the war ends, Ghana would return to the trend of cheaper borrowing rates for businesses.

    Laud Nartey Writes: The role of the Bank of Ghana in the indigenisation of mines
  9. Joy Online

    In his call with Trump, the Saudi crown prince stressed the “necessity of prioritising dialogue to de-escalate tensions” in the Middle East, according to Saudi Arabia’s state news agency.

    Trump says he will hold off on fresh Iran attack in hope of quick deal
  10. Joy Online

    In a post on Truth Social, the US president claimed he was asked by Iran and other countries in the Middle East to “hold off” on any attack as the “perimeters” of a deal had been agreed, which he said would include reopening the Strait of Hormuz and ending Iran’s nuclear threat.

    Trump says he is cancelling strikes on Iran subject to deal being made ‘rapidly’
  11. July 2026
  12. Joy Online

    Crude oil is edging lower as rising Middle East tension is ​being offset by signs of increased flows in the Strait of Hormuz, ​said Daniel Hynes, a senior commodity analyst at ANZ.

    Oil falls more than $1 on greater flows despite US-Iran war

Today

  1. NPA assures Ghana has over five weeks fuel reserve

    The National Petroleum Authority has assured Ghanaians that the country has enough fuel stocks to withstand potential supply disruptions from escalating Middle East tensions, with the director noting that ensuring petroleum product availability remains the regulator's highest priority.

    12 hours ago · Joy Online

  2. NPA assures steady fuel supply through imports and local refining

    The National Petroleum Authority says Ghana maintains healthy petroleum stocks through continuous imports and local refining, with fuel availability as its top regulatory priority despite global oil market uncertainty. The assurance comes as government introduces a ¢2 per litre cushioning on diesel following recent price increases.

    14 hours ago · Joy Online

Yesterday

  1. BoG has adequate reserves to stabilise cedi, Governor assures

    Bank of Ghana Governor Dr Johnson Asiama assured businesses and the public that the central bank has adequate reserves to stabilise the cedi, with gross international reserves currently at US$12.9 billion sufficient to cover import needs for about five months. He attributed recent pressure on the cedi to global developments including the Middle East conflict, but said the currency has since recovered and the bank remains committed to maintaining a well-functioning foreign exchange market.

    20 hours ago · Joy Online

  2. Ghana's economy grows 6.4% as inflation declines, BoG reports

    The Bank of Ghana Governor Dr Johnson Pandit Asiama said Ghana's economy grew by an estimated 6.4 per cent in the first quarter of 2026, compared with 6.2 percent in the same period the previous year, driven by the services and industrial sectors and supported by declining inflation and increased tourism and business activities.

    6 August 2026 · Joy Online

Wednesday 5 August

  1. Michigan Democrats compete for crucial Senate seat nomination

    Two Michigan Democrats are in a tight battle for the party's Senate nomination in a seat the party views as pivotal to retaking the upper chamber in November's midterms. Left-wing insurgent Abdul El-Sayed is slightly ahead of establishment-backed congresswoman Haley Stevens with more than 90% of votes counted, with the primary underscoring party divisions over ties to Israel and grassroots frustration with Washington.

    5 August 2026 · Joy Online

  2. IMF warns Ghana fuel subsidies must stay temporary, well-targeted

    The IMF has cautioned Ghana that its recent fuel subsidy measures, including a GH¢2 subsidy per litre of diesel for August costing about GH¢500 million, must remain temporary and carefully targeted to avoid undermining fiscal gains and weakening government revenue.

    5 August 2026 · Joy Online

Tuesday 4 August

  1. Bank of Ghana's role in mining sector indigenisation strategy

    An opinion piece analyses the Bank of Ghana's potential role in supporting government efforts to indigenise Ghana's mining sector, as locally-owned firms like Engineers and Planners Limited take over concessions such as the Damang Mine from foreign operators.

    4 August 2026 · Joy Online

Sunday 2 August

  1. Trump suspends fresh Iran attack pending quick nuclear deal

    President Trump said the U.S. will hold off on attacking Iran if a deal can be reached quickly to end Iran's nuclear programme and reopen the Strait of Hormuz, following requests from Iran and other Middle Eastern countries.

    2 August 2026 · Joy Online

  2. Trump cancels Iran strikes pending rapid deal agreement

    US President Donald Trump announced he has cancelled strikes against Iran conditional on a deal being struck "rapidly," claiming the parameters of an agreement had been discussed that would include reopening the Strait of Hormuz and ending Iran's nuclear threat. The move comes after US media reported Washington may have been planning new strikes on Iran, while Iran had accused the US of escalating tensions and the US government urged Americans in the Middle East to be prepared for potential evacuation.

    2 August 2026 · Joy Online

Friday 31 July

  1. Oil prices fall amid Middle East tensions and increased flows

    Brent crude fell $1.03 to $88 a barrel and U.S. WTI slipped $1.50 to $82.09 on Friday, despite rising Middle East tensions, as increased supplies flowed through the Strait of Hormuz and other maritime chokepoints. Both benchmarks are set to rise about 20% for the month.

    31 July 2026 · Joy Online

Thursday 30 July

  1. Bank of Ghana to maintain cautious monetary policy amid inflation risks

    Deloitte expects the Bank of Ghana to maintain its cautious, data-dependent monetary policy stance as inflation gradually rises toward the 6%+/–10% target band, with oil prices, utility tariffs and exchange-rate pressures presenting upside risks, while gold and cocoa exports support the external sector.

    30 July 2026 · Joy Online

  2. Oil prices fall as Middle East tankers remain in transit

    Brent crude fell 1.42% to $89.45 a barrel and U.S. WTI crude fell 0.66% to $83.90 a barrel on Thursday as tankers continued to move out of the Middle East despite escalating U.S.-Iran tensions. Shipping data showed 39 commodity ships passed through the Bab el-Mandeb strait into the Red Sea on Tuesday, the highest number since July 19, as traders found alternative routes around the largely blocked Strait of Hormuz.

    30 July 2026 · Joy Online

  3. US Federal Reserve holds rates steady amid inflation concerns

    The US Federal Reserve kept interest rates unchanged between 3.5% and 3.75% for the fifth consecutive time, with Fed chairman Kevin Warsh acknowledging there is no "magic wand" to ease inflation. Policymakers voted 9-3 to hold rates steady as inflation concerns persist, particularly due to Middle East tensions and their potential impact on oil and consumer prices.

    30 July 2026 · Joy Online

Wednesday 29 July

  1. PwC advises CEOs to monitor inflation, T-bills, lending rates

    PwC urges Chief Executive Officers and Boards to closely track monthly inflation (especially food and imported components), Treasury bill and bank lending rates, and government capital expenditure execution, citing global uncertainty from the Middle East conflict and its potential impact on commodity and financial markets. The firm notes Ghana's second-half outlook is increasingly exposed to global energy and geopolitical cycles, with the IMF projecting global growth of 3% and inflation of 4.7% in 2026, while a prolonged Middle East conflict could raise fuel, freight, and food production costs.

    29 July 2026 · Joy Online

  2. Ghana's first-half economy strong but macroeconomic risks persist

    PwC says Ghana's first-half economic performance was genuinely strong, with real GDP growth around 4.8% looking achievable and the primary surplus target of 1.5% of GDP within reach, but cautioned that not all improvements reflect permanent shifts in the underlying macroeconomic risk profile; the firm warned that inflation, which reached 5.3% at end-June, deserves caution as it rose 160 basis points in one month and has risen consistently since March.

    29 July 2026 · Joy Online

  3. Oil prices surge on US-Iran military escalation in Middle East

    Oil prices rose more than $3 a barrel on Wednesday after joint strikes in Iraq by the United States and Saudi Arabia and the interception of Iran's ballistic missiles aimed at U.S. forces in the Middle East. Brent futures increased 3.9% to $87.39 a barrel, while U.S. WTI crude rose 3.8% to $82.31 a barrel.

    29 July 2026 · Joy Online

Monday 27 July

  1. US capital goods orders and shipments surge on AI investment

    New orders for key US-manufactured capital goods increased strongly in June while shipments posted their largest gain in 4½ years as businesses ramped up spending on artificial intelligence. The broad increase in core capital goods orders was powered by robust demand for computers, electronic products, electrical equipment, and appliances.

    27 July 2026 · Joy Online

  2. US pauses Iran strikes for third night to allow diplomacy

    President Trump has halted attacks on Iran for the third consecutive night to create space for talks, according to US ambassador Mike Waltz, while an Iranian spokesperson confirmed Tehran has also paused retaliatory attacks. Oil prices have dropped below $90 per barrel following the pause.

    27 July 2026 · Joy Online

Sunday 26 July

  1. Trump pauses Iran attacks to allow diplomatic talks space

    The US ambassador to the UN said President Trump has paused attacks on Iran for the second night to give diplomacy more time, after nearly two weeks of daily US strikes and tit-for-tat attacks. Iran's army spokesperson said Tehran had halted "retaliatory" attacks in response, and Iran and Oman held technical talks on managing the Strait of Hormuz.

    26 July 2026 · Joy Online

  2. Trump pauses Iran strikes to allow diplomatic negotiations

    US President Donald Trump has paused attacks on Iran for the second night in a row to give diplomacy space, according to US Ambassador to the UN Mike Waltz. Iran's army spokesperson said Tehran had also halted "retaliatory" attacks in response, as Iran and Oman held technical talks on managing the Strait of Hormuz.

    26 July 2026 · Joy Online

Thursday 23 July

  1. Houthi Red Sea attacks threaten global shipping and trade

    Yemen's Houthi fighters have attacked shipping in the Red Sea, forcing vessels to turn back from the Bab El Mandeb strait and threatening to disrupt the main maritime route from Europe to Asia. The attacks come amid escalating US-Iran strikes and a Saudi-nuclear deal that has raised regional tensions.

    23 July 2026 · Joy Online

  2. Bank of Ghana backs COCOBOD's shift to local financing

    The Governor of the Bank of Ghana has endorsed COCOBOD's transition from syndicated offshore loans to local market financing, saying the move will reduce liquidity injections into the domestic economy and strengthen monetary policy management.

    23 July 2026 · The Chronicle

Wednesday 22 July

  1. US and Saudi Arabia sign nuclear cooperation agreement

    The US and Saudi Arabia have signed a "peaceful nuclear co-operation agreement" that will allow the Gulf kingdom to develop a civilian nuclear programme and provide American companies access to the Saudi nuclear energy program. The deal reportedly could allow Saudi Arabia to enrich uranium in the future, which experts say would be a first for the US and carries risks of nuclear proliferation in the region.

    22 July 2026 · Joy Online

  2. BoG Governor says Ghana's reserves remain strong despite recent decline

    The Governor of the Bank of Ghana assured the public that the country's foreign exchange reserves remain strong and not at risk of depletion, despite a decline to US$12.9 billion at the end of June 2026 from US$13.8 billion at the end of December 2025, driven largely by higher energy-related payments caused by Middle East tensions.

    22 July 2026 · Joy Online

  3. Bank of Ghana holds policy rate at 14% amid inflation risks

    The Monetary Policy Committee unanimously maintained the Monetary Policy Rate at 14 percent, citing rising external inflation risks from Middle East tensions and crude oil price increases, though headline inflation has moved closer to the lower bound of its medium-term target and the domestic economy remains resilient.

    22 July 2026 · Joy Online

  4. US, Saudi Arabia to announce civilian nuclear cooperation deal

    The US and Saudi Arabia are expected to announce a deal allowing the Gulf kingdom to develop a civilian nuclear programme, with the arrangement potentially allowing Saudi Arabia to enrich uranium on its soil at a US-built facility. Nuclear experts and non-proliferation campaigners have expressed concern that the agreement could enable Saudi Arabia to develop nuclear weapons, distinguishing it from a 2009 US-UAE agreement under which the UAE does not produce its own fuel.

    22 July 2026 · Joy Online

Tuesday 21 July

  1. US Iran conflict costs $37.5bn so far, Hegseth tells Congress

    Secretary of Defence Pete Hegseth told the Senate Appropriations Committee that the war with Iran has cost the US $37.5bn, an increase of nearly $8bn since May, and sought $87bn in congressional funding for his department, with $67bn destined for Middle East operations.

    21 July 2026 · Joy Online

  2. Tokyo urges shorts at work; women report discomfort over leg hair

    Tokyo's governor introduced "Tokyo Cool Biz" in April to allow casual summer office wear including shorts, but women have raised concerns about being expected to wear tights while men wear shorts, with some describing discomfort at seeing colleagues' leg hair, termed "sunehara" online. A June survey found 53.5% opposed and 46.5% favoured the shorts policy, with body hair concerns cited by both genders.

    21 July 2026 · Joy Online

  3. Global systems extract costs from ordinary Ghanaians daily

    A Chronicle essay traces one day in the life of Abena, a 34-year-old fabric seller in Madina who navigates multiple global systems—including money-transfer networks that charge sub-Saharan Africa an average of 8 percent, far above the global 3 percent target—each extracting value before day's end, illustrating how international financial infrastructure shapes the lives of ordinary Africans.

    21 July 2026 · The Chronicle

  4. Cedi depreciates 8.89% year-to-date as dollar demand outpaces supply

    The Ghana cedi has weakened further as demand for foreign exchange continues to exceed market supply, with depreciation reaching 8.89% from January to date. The pressure stems partly from increased dollar demand by energy sector players financing crude oil imports and petroleum products, compounded by inadequate dollar supply to meet broader business demand.

    21 July 2026 · Joy Online

Middle East — Ghanaian press coverage · Ghana Minute