Verbatim sentences from the source article.
The Ghanaian Times
… East Africa currently imports all of its refined petroleum products, mainly from the Middle East, leaving the region vulnerable to the supply disruptions and price spikes that have been seen during the U.S.-Israeli war on Iran. …
Africa’s richest man Dangote eyes Kenya for new refineryJoy Online
… The US has mediated several rounds of talks between Russia and Ukraine but so far without any breakthrough, and there are concerns that Washington is now distracted by the war in the Middle East. …
Russia and Ukraine accuse each other of breaching Victory Day ceasefireBusiness & Financial Times
… Commercial opportunities that should by right have come to Ghana were instead captured by facilities in Europe, the Middle East, and Southern Africa. …
Maritime Bulletin with CIMAG: The giant stirsJoy Online
… Brent crude oil prices are down about 6% so far this week as optimism grew about a possible end to the war in the Middle East. …
Gold gains as dollar weakens; investors focus on US-Iran peace deal prospectsBusiness & Financial Times
African countries are expected to lose up to 0.2 percentage points of GDP growth in 2026 due to the middle east conflict The conflict will push Africa’s median inflation rate up to an expected 5% by the end of 2026 The closure of the Strait of Hormuz has caused a 95% drop in mari …
Global economic confidence plummets amid geopolitical turmoil and rising costs – ACCA-IMA SurveyJoy Online
… The State Department said Rubio would work to “advance bilateral relations” with Italy and the Vatican and discuss “the situation in the Middle East and mutual interests in the Western Hemisphere”, including during meetings with other Italian counterparts. …
Mission is to preach peace, says Pope in response to Trump attacksBusiness & Financial Times
… Africa solidarity and cooperation bring stability to the world With the acceleration of unprecedented transformation, the world has entered a new period of turbulence and change, with rising unilateralism and protectionism, while spillover effects from tensions in the Middle East …
Promoting Development through Openness: China’s zero tariff treatment empowers the China-Africa community with a shared futureThe Ghanaian Times
… He added that as Israel marked 78 years of nationhood, Ghana extended its best wishes for peace and prosperity to Israel and the wider Middle East. …
Ghana, Israel pledge to deepen bilateral cooperationJoy Online
… Navy is loosening Iran’s grip on the Strait of Hormuz, potentially opening up supply from the Middle East. …
Oil eases on signs US is loosening Iranian closure of Strait of HormuzThe Chronicle
… Roey Gilad, has warned that the growing extremist threat in the Sahel mirrors the security challenges confronting the Middle East, stressing that no country can defeat terrorism alone. …
Israeli Embassy celebrates Israel’s 78th Indece Day in AccraThe World Bank Group forecasts global growth will slow to 2.5% in 2026, down from 2.9% in 2025, amid Middle East conflict, Strait of Hormuz disruptions, and higher energy prices. Brent crude oil is projected to average US$94 a barrel in 2026—36% above 2025 levels—while global inflation is expected to rise to 4% this year.
3 hours ago · Business & Financial Times →
The World Bank Group forecasts global growth will slow to 2.5% in 2026, down from 2.9% in 2025, amid Middle East conflict, Strait of Hormuz disruptions, and higher energy prices. Brent crude oil is projected to average US$94 a barrel in 2026—36% above 2025 levels—while global inflation is expected to rise to 4% this year.
3 hours ago · Business & Financial Times →
Iran's Foreign Minister said a deal with the US to end fighting includes reopening the Strait of Hormuz and lifting a US blockade, with nuclear programme talks to follow later. US officials confirmed some details, saying economic benefits for Iran would depend on Tehran meeting its obligations.
13 June 2026 · Joy Online →
The UK economy shrank by 0.1% in April as the Iran war raised business costs and affected turnover, according to the Office for National Statistics, though the three-month growth rate remained positive at 0.7%.
12 June 2026 · Joy Online →
The World Bank forecasts global growth will slow to 2.5% in 2026 from 2.9% in 2025, the lowest rate since the COVID-19 pandemic, due to the Middle East conflict raising energy prices, inflation, and borrowing costs. Two-thirds of economies have been downgraded relative to January forecasts, and developing economies outside China and India face nearly a decade with no progress in narrowing their income gap with advanced economies.
12 June 2026 · Joy Online →
A temporary suspension of BOST's diesel margin, introduced to shield consumers from rising global fuel prices, could create monthly revenue shortfalls of nearly GH¢40 million if prolonged, raising concerns about the company's financial stability despite the intervention's immediate relief to households and businesses.
11 June 2026 · Business & Financial Times →
The US and Iran exchanged strikes for a second consecutive day, straining a ceasefire agreed in April. The US conducted "self-defence strikes" targeting Iranian military and radar sites; Iran responded with ballistic missiles at US assets in Bahrain, Kuwait and Jordan, with Iran's foreign ministry saying the ceasefire is now "practically meaningless."
11 June 2026 · Joy Online →
An opinion piece argues that Ghana's crisis responses have been reactive rather than proactive, and calls for a National Risk Management Policy as an urgent governance reform to anticipate and mitigate risks before they become national emergencies.
10 June 2026 · Business & Financial Times →
The IMF has warned Nigeria of risks in its plan to borrow up to $5 billion through a derivatives agreement with First Abu Dhabi Bank, citing opacity and complexity in such transactions. Nigeria's Senate approved the agreement in April, joining other African borrowers like Senegal and Angola in similar arrangements.
10 June 2026 · Joy Online →
Anthony Mensah Dzamefe's Ghanaian luxury watchmaker Caveman Watches has earned a feature in Forbes Africa Ghana 2026: Africa Undiscovered Edition, recognized for reshaping perceptions of African-made luxury products and positioning Ghana as a hub for world-class craftsmanship. The brand has grown to serve customers across Africa, Europe, North America, and the Middle East.
9 June 2026 · Joy Online →
Ghana's finance minister has revised the end-year 2026 petroleum revenue target upward to approximately US$1.5 billion from the initially budgeted US$985 million, citing rising international crude oil prices driven by Middle East developments. Details of the revision will be presented in the Mid-Year Budget Review in July 2026.
9 June 2026 · Joy Online →
Private oil refinery firm Sentuo Oil Refinery has taken delivery of approximately one million barrels of Jubilee crude from Ghana's offshore fields for local processing. Industry analysts and the Chamber of Petroleum Consumers view the move as a significant step toward increasing domestic refining capacity and reducing reliance on imported petroleum products, with potential implications for fuel pricing through lower freight and insurance costs.
8 June 2026 · Joy Online →
Ghana's headline inflation rose to 3.7 percent year-on-year in May from 3.4 percent in April, driven by food, energy, and imported cost pressures, narrowing the case for further monetary easing by the Bank of Ghana despite inflation remaining below its medium-term target band.
8 June 2026 · Business & Financial Times →
Mexico will host the 2026 World Cup alongside the United States and Canada without the competitive rhythm of a qualifying campaign. Manager Javier Aguirre emphasises pragmatism and intensity over possession-based football, employing a flexible formation with aggressive pressing and quick transitions.
7 June 2026 · Joy Online →
The US military shot down four Iranian one-way attack drones headed toward the Strait of Hormuz and struck Iranian coastal surveillance radar sites on Goruk and Qeshm Island in response, Centcom said. The incident follows recent escalations between Washington and Tehran, including Iranian drone strikes that killed one person and injured over 60 at Kuwait's international airport on Wednesday.
6 June 2026 · Joy Online →
More than six decades after independence, Ghana continues to import many products it has the resources, talent, and market to produce, despite achievements in education, democracy, and infrastructure. The article argues Ghana should build productive capacity rather than rely primarily on consuming imported goods from China, Turkey, India, Europe, and the Middle East.
5 June 2026 · Business & Financial Times →
Anti-LGBTQ campaigner Moses Foh-Amoaning has called on African parliaments to develop a coordinated strategy to resist what he describes as aggressive lobbying by the United Nations and other international organisations in support of LGBTQ rights, speaking at the closing forum of the Inter-Parliamentary Conference on Family, Sovereignty and Values.
5 June 2026 · Joy Online →
Nigeria's Dangote Petroleum Refinery has ramped up crude processing to 700,000 barrels per day during a performance test, exceeding its nameplate capacity of 650,000 bpd, with plans to expand to 1.4 million bpd within 30 months. The refinery, which began producing fuel in 2024, supplies domestic markets and exports to African countries, Europe, and beyond.
5 June 2026 · Joy Online →
At the Ghana-UK Investment Summit in London, Bank of Ghana Governor Dr. Johnson Pandit Asiama urged international investors to assess Ghana based on institutional reforms and economic frameworks implemented in recent years rather than the 2022 economic crisis. He highlighted amendments to the Bank of Ghana Act limiting central bank financing of government and stronger fiscal rules aimed at budget discipline and sustainability.
4 June 2026 · Business & Financial Times →
As companies diversify supply chains away from single countries and shift toward nearshoring and friendshoring, Africa—particularly East Africa—is positioning itself as a critical connector between global markets. Banks can help reduce friction and improve access to trade finance to enable businesses to capitalize on this strategic opening.
3 June 2026 · Business & Financial Times →
Kenya's flower industry is showing resilience amid global pressures, with IFTEX 2026 attracting 210 exhibitors — the highest in the event's history and up from 189 last year. Since 2023, exhibitor numbers have grown from 159 to 210, with nearly 20 percent of the growth coming from new growers.
2 June 2026 · Business & Financial Times →
The Bank of Ghana Governor says geopolitical tensions in the Middle East have slowed efforts to reduce interest rates to single-digit levels, as global market uncertainties have complicated the central bank's monetary easing plans despite downward inflation trends.
1 June 2026 · Joy Online →
Satellite images analysed by BBC Verify show Iran has damaged 20 US military sites since the start of the war, causing millions of dollars of damage to air defence systems, refuelling aircraft and radars across eight countries in the Middle East. The attacks appear more extensive than publicly acknowledged, suggesting Tehran's counter-attacks have been more precise than American officials have previously acknowledged.
1 June 2026 · Joy Online →
Ghana carries one of the widest real interest rate gaps of any single-digit inflation economy in Africa, with a real rate of approximately 10.6 percentage points, which economists say is constraining private sector credit access despite the Bank of Ghana holding its policy rate steady at 14 percent with headline inflation at 3.4 percent in April 2026.
1 June 2026 · Business & Financial Times →
The Governor of the Bank of Ghana has announced that cocoa purchases for the 2026/27 crop season will be financed through $1 billion to be raised from the domestic bond market, part of efforts to strengthen Ghana's cocoa financing system and reduce dependence on foreign borrowing.
29 May 2026 · Joy Online →
The Bank of Ghana's Monetary Policy Committee kept the policy rate unchanged at 14 percent while raising the Cash Reserve Ratio to a uniform 20 percent, effective 4 June, splitting its tightening strategy in response to worsening external conditions including Middle East geopolitical tensions and crude oil price increases.
25 May 2026 · Business & Financial Times →
Iran's foreign ministry spokesman said progress has been reached in talks with the US, but cautioned that a deal "is not imminent," contradicting US Secretary of State Marco Rubio's suggestion that an agreement could be reached Monday. The proposed memorandum reportedly involves a 60-day ceasefire extension, reopening the Strait of Hormuz, and further negotiations on Iran's nuclear programme.
25 May 2026 · Joy Online →
The Bank of Ghana's First Deputy Governor said strengthening economic resilience is becoming a central policy priority for emerging economies, as global liquidity becomes more volatile amid geopolitical tensions and rising inflation risks. He noted that while capital flows provide opportunities, they also carry significant risks in an era where the abundant global liquidity of the past decade has shifted.
25 May 2026 · Business & Financial Times →
US President Donald Trump says he has instructed negotiators "not to rush into a deal" with Iran, after reports suggested an agreement involving a 60-day ceasefire extension, reopening the Strait of Hormuz, and further nuclear negotiations was close. Trump said both sides "must take their time and get it right," though Iranian media reports indicate one or two points of disagreement remain.
24 May 2026 · Joy Online →
The Executive Director of the Centre for Policy Scrutiny has warned that Ghana could return to the IMF within a few years if it fails to maintain fiscal discipline and implement structural reforms after its current bailout programme ends. He cited Ghana's historical pattern of returning to the IMF every four years on average since independence, most recently in 2023 after the previous programme ended in 2019.
23 May 2026 · Joy Online →
The Bank of Ghana's Monetary Policy Committee maintained its benchmark policy rate at 14 percent, citing external inflation risks from escalating Middle East tensions. The central bank also amended its cash reserve ratio framework to a uniform 20 percent requirement in domestic currency, effective June 4, 2026.
22 May 2026 · Business & Financial Times →