Berlin, Apr. 9, (dpa/GNA) – The next German governing coalition was formally unveiled in Berlin on Wednesday, paving the way for a new administration under conservative leader Friedrich Merz.

“The future government, the future coalition, will reform and invest in order to keep Germany stable, make it more secure and stronger again economically,” said Merz, who is set to become chancellor of Europe’s largest economy for a four-year term, succeeding Olaf Scholz.

Merz’s centre-right bloc – made up of the Christian Democrats (CDU) and the Christian Social Union (CSU) – reached the deal with the Social Democratic Party (SPD) after weeks of arduous negotiations since February’s parliamentary elections.

The agreement comes at a crucial time for Germany, with the country’s export-based economy already struggling with two consecutive years of recession, and set to be hit hard by US tariffs of 20% on all goods from the European Union and further duties on the key German automotive industry.

Coalition deal sends ‘clear signal’

Party leaders announced the agreement at a press conference in Berlin on Wednesday afternoon.

Running to more than 100 pages, the deal includes cuts to social spending, bureaucracy and development programmes, but also plans for a €15 ($16.50) per hour minimum wage and for a National Security Council to streamline decision-making on defence.

“We have a strong plan to move our country forward together again,” said Merz, calling the deal a “clear signal” to Germany’s citizens and partners in the European Union that the country’s next government will be capable of taking action.

Aside from the many economic challenges facing the incoming government, Merz’s administration will also face a continuing threat from Russia amid indications of waning US support for Ukraine.

And the rise of the far-right Alternative for Germany (AfD) is sure to prove a massive challenge at home, with an Ipsos poll on Wednesday putting the AfD in first place for the first time.

Merz said the deal would provide a “very good basis” to combat the AfD by proving that centrist politicians are able to not only describe but also to resolve the issues facing citizens.

CSU leader Markus Söder – whose party put up candidates in Bavaria only – said the deal showed “Germany is not defenceless,” while SPD co-leader Lars Klingbeil added that “it’s not about changing everything – but it is about changing the right things.”

Fellow SPD co-leader Saskia Esken summarized the coalition’s goals as “social cohesion in our country, the strengthening of our democracy, the restoration of a European peace order.”

Merz still has a number of weeks to wait before he can replace Scholz as chancellor, as the coalition agreement must first be approved by the three parties.

The SPD rank and file are to vote on the deal in an online members’ ballot, and it must also be passed by top CDU representatives at a party conference and by the CSU steering committee.

While Merz repeatedly stated his wish for a government to be in place by Easter, he now hopes to “be able to get to work with a new federal government at the beginning of May.”

Deal ends weeks of negotiations

February’s election, which followed the collapse of Scholz’s three-way coalition late last year, saw the CDU/CSU bloc finish top on 28.5%, ahead of the AfD in second and the SPD in third.

The result left the CDU/CSU and SPD jointly holding a narrow majority of seats in the new Bundestag, Germany’s lower house of parliament.

With all mainstream parties ruling out cooperation with the AfD, no other two-way coalition was viable, piling the pressure on the centre-right CDU/CSU to join its historic rival.

The prospective coalition partners achieved a stunning breakthrough early on in the talks when they agreed to reform strict constitutional rules on government borrowing in order to finance a hike in spending on defence, and a €500 billion ($550 billion) package for infrastructure and action on climate change.

The move was seen as a response to extraordinary developments on the international stage, including the fiery White House meeting between President Donald Trump and his Ukrainian counterpart Volodymyr Zelensky.

With the major question of how to finance further spending resolved, the CDU/CSU and SPD spent weeks negotiating on the finer details of the coalition agreement, leading to open frustration from business leaders.

The wait was also accompanied by a noticeable uptick in support for the AfD in opinion polls, culminating in Wednesday’s landmark survey.

Further impetus to reach a deal was added last week by Trump’s unprecedented tariff announcements, as German markets joined a global sell-off in response.

Key plans announced

The coalition agreement spans a wide range of plans to boost the German economy, strengthen defence and cut social spending.

Among the key measures to be announced were a €15 minimum wage by 2026, a reform to unemployment benefit, a pledge to maintain pension levels and a €1 billion cut in spending on development programmes.

The deal includes tax breaks for companies’ investments, measures to encourage more start-ups, a subsidy for industrial energy prices, scrapping a German supply chain law and introducing a €100 billion fund to encourage investment.

The agreement does not include a return to nuclear power, but it does include subsidies for electric vehicles.

The coalition plans to create a National Security Council in the Chancellery to streamline decision-making on foreign and security policy, and to introduce a revamped voluntary model for military service.

Germany’s relationship with the United States remains “of paramount importance,” the text said, describing the trans-Atlantic partnership as “a great success story for both sides, which must continue under new conditions.”

On the issue of citizenship, the agreement sets out to overturn a reform by the previous administration that allowed people to gain German nationality after just three years of residence in exceptional cases, but maintains the possibility of double nationality.

The agreement pledges to turn back migrants at Germany’s borders even if they have a claim to asylum, while refugees with limited protection status are no longer allowed to bring family members to Germany for an initial period of two years, and Ukrainian nationals arriving in the country are to no longer automatically have the right to claim unemployment benefits.

A national public transport subsidy – known as the Deutschlandticket – is set to be extended beyond 2025, while self-employed women could receive maternity payments.

Further pledges include reviewing the partial legalization of cannabis, measures to encourage digital payments and a commission to investigate Germany’s response to the coronavirus pandemic.

GNA

PDC

The Minority Leader in Parliament, Alexander Afenyo-Markin, has called for the immediate dismissal of Minister of State for Government Communications, Felix Kwakye Ofosu.

Addressing the media after operatives of the National Intelligence Bureau (NIB) stormed the home of Assin South MP and Ranking Member on Parliament’s Interior and Defence Committee, Rev Ntim Fordjour, to execute an arrest warrant, he accused Mr Kwakye of undermining President John Mahama’s authority over recent drug-related allegations.

Mr Afenyo-Markin expressed his displeasure with Mr Kwakye Ofosu’s public comments dismissing calls for investigations into alleged underground dealings in illicit drugs.

According to the Majority Leader, instead of supporting the President’s directive for a collaborative investigation into the matter, Kwakye Ofosu arrogantly dismissed the allegations and questioned their credibility — a move he described as “bizarre” and disrespectful to the office of the President.

He argued that Kwakye Ofosu’s actions undermined the authority of the President.

“In fact, I even applaud the president. The President quickly responded by saying that there should be a collaborative investigation. Then all of a sudden, the spokesperson to the president, who is throwing his weight about…. he must be sacked. He is undermining the position of the president.”

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Ghanaian football fans are beginning to dream again. After a string of emphatic victories — 5-0 against Chad and 3-0 against Madagascar — the Black Stars are back on course to qualify for the 2026 FIFA World Cup.

Coach Otto Addo’s rejuvenated side has ignited hope across the nation, climbing to the top of Group I in the African qualifiers with just four matches remaining.

For Ghanaians, qualifying for the World Cup is more than a sporting ambition. It is a national event steeped in emotional pride, political currency (President Kufuor delivered Ghana’s maiden World Cup berth in 2006, John Evan Atta Mills in 2010, John Mahama in 2014, and Nana Akufo-Addo in 2022), and economic opportunity.

Ever since the country’s dazzling debut in Germany in 2006, the World Cup has become a strong pillar of Ghana’s global sporting identity.

And with the next edition set across the USA, Canada, and Mexico — three of the world’s most alluring destinations for Ghanaians — expectations are soaring once again.

As exemplified by fans’ reactions during Ghana’s 2026 World Cup qualifying matches in Kumasi and Accra, missing out is simply not an option.

However, for fans, travel companies, and even government agencies counting on a strong Ghanaian presence in North America, US visa restrictions, made even more stringent under President Donald Trump’s administration, could lock out thousands of Ghanaian fans and crush the country’s World Cup ambitions beyond the football field.

Travelling fans worry

If Black Stars skipper Jordan Ayew and his teammates can carry Ghana to qualification, the global stage awaits.

FIFA projects that the 2026 World Cup will attract over six million foreign visitors to the US, bringing with them a windfall for tourism, hospitality and retail sectors. Yet, immigration and visa hurdles threaten to derail those projections.

Under President Donald Trump’s second term, the US has ramped up its crackdown on illegal immigration, introducing layers of restrictions that have sparked concerns among international fans — particularly from Africa and Latin America.

For Ghanaians, securing a visa to the United States is already an uphill battle, with waiting periods at the US Embassy in Accra reportedly stretching from six months to one year.

This bureaucratic nightmare has the potential to derail travel plans for thousands of fans, even those with match tickets and accommodation already booked.

Unlike previous World Cups in Russia and Qatar, where host governments introduced fast-track visa systems for fans with match tickets and Fan IDs, the US currently has no such provisions. Instead, fans from countries like Ghana must navigate a complex, overburdened visa system — one that has seen waiting times for interviews at the US Embassy in Accra stretch beyond 300 days.

For thousands of Ghanaians dreaming of cheering on the Black Stars in stadiums across New York, Miami or Los Angeles, that delay could prove insurmountable.

Unsettling signals

Last month, President Trump signed an executive order establishing a White House task force to oversee preparations for the 2026 FIFA World Cup — a 48-team spectacle that will mark the first time the tournament is hosted across three countries. Trump, ever the showman, pledged to make the event “the biggest and best World Cup ever.”

FIFA President Gianni Infantino stood beside him in the Oval Office as the cameras flashed — but behind the pageantry lies a serious concern. Trump’s hardline immigration stance — symbolised by the aggressive enforcement activities of US Immigration and Customs Enforcement (ICE) — is already disrupting lives.

There is little indication that ICE operations, which have targeted Africans and Hispanics alike, will be paused during the World Cup.

And while Trump is eager to trumpet the economic benefits of hosting the tournament — the White House forecasts up to 450,000 visitors per host city and a $480 million economic boost — his administration appears unwilling to budge on immigration reforms. This has sparked fears that fans could be caught up in broader political crossfire.

Ghanaian business dilemma

This paradox is not lost on stakeholders in Ghana. The travel industry in Ghana typically thrives during World Cup years. Packages to previous tournaments have sold out within weeks of Ghana qualifying. Airlines, hotels and travel agents anticipate bumper business.

The government, too, sees international tournaments as an avenue for soft diplomacy, ‘fix’ supporters and party footsoldiers with travel opportunities and other political capital.

Yet all these projections could be scuttled by a visa regime that many say is discriminatory and sluggish. The US Department of State has promised to reduce waiting times but has not made any guarantees regarding special treatment for football fans.

This is a stark contrast to Russia and Qatar, where football fans were welcomed with open arms and fast-track entry procedures.

FIFA officials have voiced concerns, as have tour operators and government representatives from several developing countries. But without a concerted lobbying effort by FIFA and its partners, it appears unlikely that the US will make exceptions — even for the world’s most celebrated sporting event.

The Ghana Football Association (GFA) is aware of the dilemma but remains focused on the qualification campaign.

However, if the Black Stars secure a spot at the tournament, behind the scenes, pressure will begin to mount on the Ministry of Foreign Affairs to negotiate more flexible visa arrangements for Ghanaians.

If visa restrictions remain in place and waiting times are not drastically reduced, fans — even those with match tickets in hand — may never make it to North America.

As one travel operator in Accra lamented, “The team may make it to the World Cup, but the fans might not. And what’s a World Cup without the heartbeat of the nation behind them?”

Bank of Ghana Governor Dr Johnson Asiama during the meeting with bank CEOs

In his inaugural post-MPC meeting with bank CEOs, Governor of the Bank of Ghana, Dr Johnson Asiama, has emphasised the need for increased collaboration, vigilance, and innovation to strengthen the financial sector amidst ongoing economic challenges.

Dr. Asiama, during the meeting, reflected on the difficulties faced by the banking sector in recent years, including the banking sector clean-up and the Domestic Debt Exchange Program (DDEP), and praised the resilience shown by banks.

He acknowledged that earlier coordination could have mitigated the impact of these events but stressed the importance of learning from them to build a more collaborative and transparent future.

“I do recognise that these events have had deep operational, financial, and reputational consequences for banks, and I want to commend you for the strength, professionalism, and commitment with which you have navigated these storms.

“Many of the fallouts could have been mitigated had the clean-up been more balanced and consultative, and the DDEP, too, could perhaps have been avoided entirely with earlier coordination and foresight. We cannot change the past, but we can learn from it—and it is my intention to build forward with greater collaboration, trust, and accountability between the central bank and all of you,” the BoG Governor said.

Dr. Asiama also addressed the MPC’s decision to raise the policy rate by 100 basis points to 28.0 percent, aimed at reinforcing the disinflation process and preventing inflation from becoming entrenched.

While recognising the short-term impact on borrowing costs, he reassured that the financial sector is well-positioned to absorb these effects and urged banks to exercise prudence in adjusting lending rates.

“We therefore urge banks to exercise prudence in adjusting lending rates and maintain transparent communication with clients. Viable businesses should continue to receive support, and tailored solutions should be explored to mitigate the impact on the most vulnerable sectors,” he pointed out.

Turning to the banking sector’s outlook, the Governor highlighted improved financial stability due to recapitalisation, strong liquidity, and profitability.

However, he noted ongoing concerns over solvency issues at some domestically controlled and state-owned banks.

Dr. Asiama also underscored the importance of embracing digital innovation while strengthening cybersecurity and risk management.

He therefore called for increased support for trade finance and regional integration, urging foreign-owned banks to facilitate cross-border trade to enhance Ghana’s competitiveness.

Looking ahead, the Governor outlined a forward-looking supervisory approach focused on enhancing governance, collaboration, and capacity building for future challenges, including climate risks and the rise of AI in finance.

In conclusion, Dr Asiama reiterated the critical role of financial institutions in Ghana’s economic growth and expressed confidence that with continued collaboration and reform, the financial system could become stronger, more resilient, and inclusive.

MA

Accra, April 9, GNA – Mr Roey Gilad, the Ambassador of Israel to Ghana, on Wednesday called for broader collaboration between governments and institutions to develop innovative solutions to combat cyber-attacks. 

He said global cyber threats were increasing in proportions and required collaborative strategies between private and public institutions, as well as cross-border partnerships, to help contain the menace. 

Mr Gilad made the call when he opened the 2025 Chief Information Security Officers (CISO) Summit in Accra. 

The event assembled Chief Information Security Officers, Information Technology leaders, regulators and global cybersecurity solution providers to discuss emerging challenges in the sector and proffer solutions to build resilience. 

Mr Gilad said Israeli companies had maximised their investments in the cyber security sector and were open to partnerships with Ghana to build robust technological systems. 

“Public awareness is our first line of defence,” he said, adding that: “Israel cannot do it alone.” 

Israel’s cyber security sector had grown over the years, with investments in the sector reaching $3.8 billion in 2024, representing 36 per cent of all investments in the high-tech industry. 

The Ambassador invited the participants to attend the 2025 Cyber Week in Israel to be held in June, this year, and explore opportunities there. 

In 2023, Ghana recorded GH¢49.5 million direct financial losses through cyber fraud activities between January and June. 

The figure, according to the Cyber Security Authority, constituted only a fraction of cases reported to state agencies while financial losses of unreported cases could exceed the amount reported. 

Subsequently, the country launched the National Cybersecurity Policy and Strategy in 2024 to address the increasing threats arising from the nation’s rapid digital transformation. 

Addressing the Summit, Mr Divine Selase Agbeti, the Acting Director-General, Cyber Security Authority, said decisions on cyber security in organisations must be driven by business risk and technology trends. 

He urged organisations to incorporate it into their corporate strategy to foster cyber security culture. 

“Technology alone cannot secure organisations. People are often the weakest link. CISOs must work closely with HR and leadership to cultivate a successful and secure community,” Mr Agbeti said. 

GNA 

ABD 

Featured

Shirley Asiedu-Addo

Apr – 09 – 2025 , 11:50

1 minute read

President Donald Trump announced a complete three-month pause on all the “reciprocal” tariffs that went into effect at midnight, with the exception of China, a stunning reversal from a president who had insisted historically high tariffs were here to stay.

But enormous tariffs will remain on China, the world’s second-largest economy. In fact, Trump said they will be increased to 125% from 104% after China announced additional retaliatory tariffs against the United States earlier Wednesday.

“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” Trump said in his social media post. “At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” he wrote.

Wall Street breathed a sign of relief, however, that Trump was backing down on other extreme trade measures. Stocks rallied sharply on the news – even though the 10% universal tariff on all imports coming into the United States remained in effect.

Trump in a Truth Social post Wednesday said he has “authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”

Shortly after the announcement, Treasury Secretary Scott Bessent said the pause was part of “his strategy all along.” But he also said that Trump had “great courage to stay the course until this moment.”

CNN previously reported that Bessent traveled to Mar-a-Lago on Sunday to discuss the tariffs with Trump, encouraging him to focus on an endgame of reaching new deals with a variety of countries.

Bessent said Trump would be “personally involved” in all the discussions as he seeks out concessions.

“No one creates leverage for himself like President Trump,” Bessent said.

The message sought to cast to other countries was: “Do not retaliate and you will be rewarded,” he said, adding that the move “signals that President Trump cares about trade and that we want to negotiate in good faith.”

He and and Commerce Secretary Howard Lutnick were with Trump when he sent his message on Truth Social, Lutnick confirmed on a post on X.

“Scott Bessent and I sat with the President while he wrote one of the most extraordinary Truth posts of his Presidency,” Lutnick said. “The world is ready to work with President Trump to fix global trade, and China has chosen the opposite direction.”

Stocks rocketed higher on the news, with the Dow surging 2,200 points, or 5.9%. The S&P 500 rose 6.5% and the Nasdaq was more than 8% higher. Markets have been getting slammed by the prospect of the significantly higher tariffs Trump laid out last week.

Bessent didn’t offer many details on what could happen after the 90-day pause, but he said the administration will continue to have discussions with other countries in the interim. For example, he said US government officials are meeting with representatives from Vietnam on Wednesday.

“These are complicated negotiations,” he said. But having seen the “maximum level” that Trump is willing to go on tariffs, he feels more countries will be willing to give in.

Escalating tensions with China

The higher tariffs on China came after Beijing announced new retaliatory tariffs of 84% on US goods set to take effect on Thursday.

The Trump administration has taken particular aim at China’s trade practices.

“We will see what China does but what I’m certain of is what China is doing will affect their economy much more than ours,” Bessent said Wednesday.

Announcing China’s response, the State Council Tariff Commission said in a statement: “The US escalation of tariffs on China is a mistake upon mistake, severely infringing upon China’s legitimate rights and interests, and seriously damaging the multilateral trading system based on rules.”

The amped-up retaliation comes after China repeatedly warned that it would “fight to the end” if the US moved forward with further tariffs.

Pushing off a recession?

Economists significantly increased forecasts for a recession after Trump proceeded with the reciprocal tariff package, which called for tariffs as high as 50% impacting dozens of countries.

While the 90-day pause may have been welcome news to investors, it’s unlikely to stave off a recession, Joe Brusuelas, chief economist of RSM US, told CNN Wednesday.

“My sense here is that the [US] economy is still likely to fall into recession, given the level of simultaneous shocks that it’s absorbed,” Brusuelas said in an interview. “All this does is postpone temporarily what will likely be a series of punitive import taxes put on US trade allies.”

Jake Colvin, president of the National Foreign Trade Council, which represents a wide range of importers, said the pause is “a step in the right direction.”

But he cautioned, “Let’s not celebrate the fact that it still seems to leave in place a new baseline of 10% tariffs on most countries, plus significant levies on China, steel and aluminum and autos, with the promise of more duties to come.”

Colvin was referring to the 25% tariffs that remain in place on the three industries. Trump has also vowed to impose tariffs on a slew of other industries, including lumber, pharmaceuticals and copper.

Ultimately the pause does little to alleviate businesses of the uncertainty they’ve faced since Trump’s November victory regarding the tariff environment, he said.

By Iddi Yire

Accra, April 09, GNA – The Ghana Trades Union Congress (TUC) has reiterated its opposition to any attempt by the Government to privatise the Electricity Company of Ghana (ECG). 

The TUC in its comment on the 2025 Budget Statement and Economic Policies of the Government recalled that in 2017, in their submission to the then Akufo-Addo Government in response to its first budget they stated their opposition to the intended privatisation of ECG.  

In that submission, the TUC served notice that the working people of Ghana and their unions would resist any attempt by the Government to privatise strategic state assets. 

In 2025, in the TUC’s submission to the Mahama Government, they reiterated their opposition to “privatisation of state-owned enterprises in all their forms and shapes”. 

“We further stated that “In line with the resolution passed at the 10th Quadrennial Delegates Congress of TUC held in August 2016, we will resist any attempt to privatise ECG,” the TUC stated. 

“We emphasize that the “TUC and its affiliates consider privatisation and private sector participation as one and the same”.  

It said notwithstanding their opposition, the Government appears hell-bent on privatizing ECG.  

It said the TUC and its affiliates remain resolute in their conviction that strategic reforms including getting politics and politicians off the back of ECG was the only viable route out of whatever challenges the company faces.  

“Our resolve to resist privatisation or private sector participation is at an all-time high.  

The TUC said the 2025 Budget Statement and Economic Policies of Government comes on the heels of multiple challenges that confront the Ghanaian economy and the people of Ghana.  

It noted that more than three years after COVID-19 ended, economic growth was only beginning to recover. Inflation remains high.  

“Cost-of-living has skyrocketed. Real incomes have fallen for most workers. Joblessness is rampant, particularly among young people. The national debt stock is unsustainable despite the debt exchange programme,” it said.  

“Some of these challenges have persisted over several years. They emanate from the neo-liberal economic management framework that Ghana has pursued in the last four decades.” 

The TUC said the 2025 budget was expected to reset the framework for managing the economy declaring it failed to do so even after recognizing the need to reset the economic model. 

The TUC urges the government to work with all stakeholders to change the current macroeconomic framework.  

It said Ghana needs a new model of economic management that seeks to qualitatively change the structure of the economy.  

The TUC underscored that employment creation must be at the centre of economic policy and that Ghana needs to derive maximum benefits from its natural resources.  

“This will enable Government to fund national development from domestic revenues, obviate the need for borrowing and reduce our debt burden,” it said. 

GNA 

GRB 

US President Donald Trump has announced a 90-day pause on higher tariffs for dozens of countries but hikes levies on China to 125%

Earlier this month, the US president announced a “baseline” tariff of 10% on all countries, with higher rates for the “worst offenders”

He now says the higher rates will be paused for 90 days, and instead, the “reciprocal tariff” will be 10%

But he says the rate for China will rise again, to 125%, because of “the lack of respect that China has shown to the world’s markets”

Earlier on Wednesday, China announced an 84% tariff on US imports after Donald Trump imposed a 104% tariff on Chinese goods entering the US.

The world is ready to work with Trump – Lutnick

US Commerce Secretary Howard Lutnick says in a social media post that he was in the room when US President Donald Trump wrote the Truth Social post announcing the 90-day pause on most tariffs and increase to China’s tariff rate.

“Scott Bessent (head of the US treasury) and I sat with the President while he wrote one of the most extraordinary Truth posts of his Presidency,” Lutnick posted on X.

“The world is ready to work with President Trump to fix global trade, and China has chosen the opposite direction,” he says.

Mexico and Canada included in 10% tariffs

Treasury Secretary Scott Bessent says Mexico and Canada are included in the 10% baseline tariffs imposed by the US, following Donald Trump’s announcement to pause higher tariffs for 90-days.

Markets soar after Trump announces tariffs pause

Financial markets have soared after President Trump announced a 90-day “pause” on the tariffs against countries who have not retaliated against the US.

As we’ve just reported, Donald Trump has raised tariffs against China to 125%, and also issued a 90 day pause to some tariffs.

Here’s his Truth Social statement in full:

“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately.

“At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.

“Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!”

Trump raises tariff on Chinese goods to 125%

Chinese goods imported to the US will carry tariffs of 125% effective immediately, Donald Trump says.

“At some point, hopefully in the near future, China will realise that the days of ripping off the USA, and other Countries, is no longer sustainable or acceptable,” the US president writes on social media platform Truth Social.

Chinese goods imported to the US will carry tariffs of 125% effective immediately, Donald Trump says.

“At some point, hopefully in the near future, China will realise that the days of ripping off the USA, and other Countries, is no longer sustainable or acceptable,” the US president writes on social media platform Truth Social.

Wall Street opened with mixed trading this morning, with both S&P 500 and Dow Jones down, we’re now seeing some slight changes as it reaches lunchtime in the US.

-The S&P 500 is currently up 1.5%
-The Dow Jones index is up 1.3%
-Nasdaq is up 2.4%

Shares for pharmaceutical companies have fallen following Trump’s threats to slap them with tariffs last night – here’s a quick breakdown:

-AstraZeneca dropped 6.80%
-GlaxoSmithKline (GSK) dropped by 5.48%
-Novo Nordisk – which produces weight-loss drugs Ozempic and Wegovy – has fallen 6.93%.

China-US trade relationship – what do the numbers say?

The trade in goods between the two economic powers added up to around $585bn (£429bn) last year.

Though the US imported far more from China ($440bn) than China imported from America ($145bn).

That left the US running a trade deficit with China – the difference between what it imports and exports – of $295bn in 2024. That’s a considerable trade deficit, equivalent to around 1% of the US economy.

But it’s less than the $1tn figure that Trump has repeatedly claimed this week.

…..

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Impact of new US tariffs on Ghana’s economy

Sam George, Minister of Communications Digital Technology, and Innovation

The Minister of Communication, Digital Technology, and Innovations, Samuel Nartey George, has announced that a new SIM registration exercise will commence on July 1, 2025.

Unlike previous efforts, this exercise will be a “proper” registration of SIM cards, not a re-registration, as was conducted under the previous administration.

Addressing the media on April 9, 2025, Sam George emphasised that this registration would be comprehensive and driven by technology, aiming to ensure a more secure and accurate process.

“We will begin the education and sensitization campaign for the SIM registration exercise, which will include the introduction of a central equipment identity register. We are confident that the rollout will begin on July 1st this year,” he said.

The Minister explained that although the exercise will be human-centered, it will be facilitated through digital platforms. This approach is designed to minimize inconvenience for the public, with no long queues expected.

“Let me be clear, there will be no long queues. Ghanaians will not have to leave their jobs to go and queue. This is not a re-registration; it is a full registration,” he assured.

The new process, he noted, will enable Ghanaians to register their SIM cards from the comfort of their homes.

Sam George stressed that the goal of the SIM registration is critical to ensuring the collective security of the nation.

He also emphasised that the process would be technology-driven, ensuring efficiency and accuracy.

This new SIM registration comes after a similar exercise was conducted under the previous administration, which aimed to synchronise phone numbers with personal data to combat fraud and improve the integrity of the telecommunications system.

SSD/MA

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Teachers whose appointments were revoked after the assumption of office of the new government are yet to be reinstated after the Ghana Education Service was directed to do so.

 Some of the teachers have already gone through the validation process as directed.

But they are in a limbo on their reinstatement, a situation that has affected academic activities in schools where they offered their services.

In a letter issued on 5th March, the Ghana Education Service requested all staff affected by the revocation of appointment to undergo a validation process for reinstatement.

The release further indicated that the exercise was to clean up the database of the staff of the service.

But after going through the validation process, the teachers say they have yet to be reinstated.

A leader of the concerned teachers, Emmanuel Ofori, is demanding that the Ghana Education Service take necessary steps to ensure they return to the classroom.

“We call on the GES and relevant stakeholders to resume all halted processes related to our reinstatement immediately. Also, they should release regional posting letters to enable affected teachers to report to their respective schools,” he said.

They further emphasized, “We also demand that they work on all staff IDs for all reinstated teachers who are at post and other stages of appointment processes to facilitate salary processing and access to official services. Also, release all outstanding salaries owed to affected teachers since their initial appointment period.”

According to the teachers, their absence is having a toll on their students and they want all interest groups in education to be concerned.

 Mr. Ofori added, “We want to return to the classroom, serve our country, and contribute to building the nation’s future through education.”

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The recent imposition of a 10% tariff by the United States on imports from Ghana presents a complex economic landscape for the West African nation.

While the US remains a significant trading partner, this tariff introduces both considerable challenges to Ghana’s existing trade dynamics and potential opportunities for strategic economic diversification and growth. A proactive and well-considered response will be crucial for Ghana to mitigate negative impacts and leverage emerging possibilities.

This analysis delves into the specific challenges and opportunities arising from the US tariff, underscoring the pivotal role of the African Continental Free Trade Area (AfCFTA) and proposing strategic recommendations for Ghana’s trade policy.

The Impact of the Tariffs

The 10% US tariff on Ghanaian exports creates a dual-edged scenario. While it undeniably introduces hurdles for Ghanaian businesses engaged in trade with the US, it also catalyzes a re-evaluation of trade dependencies and the exploration of alternative economic pathways.

Challenges

* Increased Import Costs: The tariff directly translates to higher prices for US goods entering Ghana. This increased cost burden can be passed on to Ghanaian consumers and businesses that rely on US machinery, technology, and intermediate goods, potentially fueling inflation and impacting production costs.

* Reduced Export Competitiveness: Ghanaian products destined for the US market now face a 10% price disadvantage compared to goods from countries without such tariffs. This erosion of competitiveness could lead to decreased demand for Ghanaian exports in the US, impacting key sectors and potentially resulting in reduced export earnings.

* Vulnerability of Key Sectors: Sectors with significant reliance on either imports from the US or exports to the US are particularly vulnerable. This includes manufacturing, which may depend on US machinery and inputs, and specific agricultural sectors that have established markets in the US.

Opportunities

* Export Diversification: The tariff provides a strong impetus for Ghana to actively explore and cultivate new export markets beyond the United States. This includes focusing on markets within Africa, Asia, and Europe, thereby reducing over-reliance on a single trading partner.

* Domestic Manufacturing Development: Increased costs of US imports can create an opportunity for Ghana to bolster its domestic manufacturing sector. By investing in local production capabilities, Ghana can reduce its dependence on imported goods, create employment, and foster industrial growth.

* Leveraging the AfCFTA: The AfCFTA offers a significant platform for Ghana to mitigate the negative effects of the US tariff and unlock new trade and investment opportunities within the African continent.

The Pivotal Role of AfCFTA

The African Continental Free Trade Area (AfCFTA) presents a strategic avenue for Ghana to navigate the challenges posed by the US tariff and capitalize on emerging opportunities. By actively engaging with and leveraging the AfCFTA, Ghana can:

* Increase Intra-African Trade:
* Diversifying Export Destinations: The AfCFTA provides access to a vast and growing African market, allowing Ghana to diversify its export portfolio and reduce its dependence on the US market.
* Boosting Economic Growth: Increased trade with other African nations can stimulate economic activity, create new trade corridors, and foster regional economic integration, contributing to overall economic growth and development in Ghana.
* Develop Regional Value Chains:
* Fostering Manufacturing Growth: The AfCFTA encourages the development of regional value chains, enabling Ghana to produce goods for both its domestic market and for export to other African countries, thereby strengthening its manufacturing base and reducing reliance on imports from outside the continent.
* Enhancing Agricultural Development: The AfCFTA can facilitate greater intra-African trade in agricultural products, allowing Ghana to enhance its agricultural productivity and access regional markets for its produce.
* Enhance Trade Facilitation:
* Streamlining Trade Processes: The AfCFTA aims to simplify and harmonize customs procedures, reduce non-tariff barriers, and lower trade costs across the continent, making it easier and more efficient for Ghanaian businesses to trade with other African nations.
* Improving Infrastructure Connectivity: The success of the AfCFTA relies on improved transportation and logistics infrastructure across Africa. Ghana can benefit from and contribute to these developments, facilitating smoother and more cost-effective trade within the region.
Impact on Specific Industries
* Export Sectors:
* Cocoa: While the US is a significant consumer, Ghana can proactively explore and strengthen trade relationships with other markets in Africa, Asia, and Europe for its cocoa beans and processed cocoa products.
* Gold and Oil: Diversification of export destinations for these key commodities is crucial. Ghana can actively engage with emerging economies and strengthen existing partnerships in regions beyond the US.
* Manufacturing and Agriculture:
* Manufacturing: The tariff creates an opportunity to prioritize the development of local manufacturing capabilities to meet domestic demand and potentially supply regional markets within the AfCFTA, reducing reliance on US manufactured goods.
* Agriculture: Focus on enhancing agricultural productivity and value addition can reduce the need for certain US agricultural imports and position Ghana to be a key supplier within the African food market.

Strategic Recommendations for Ghana

To effectively navigate the challenges and capitalize on the opportunities presented by the US tariff and the AfCFTA, Ghana should adopt a comprehensive and proactive trade strategy encompassing the following recommendations:
* Aggressively Diversify Export Markets:
* Conduct thorough market research to identify promising new markets in Africa, Asia, and Europe.
* Develop targeted export promotion strategies for these identified markets, including trade missions, participation in international trade fairs, and the establishment of trade offices.
* Enhance the quality and standards of Ghanaian export products to meet the requirements of diverse international markets.
* Prioritize the Development of the Domestic Manufacturing Sector:
* Implement policies that incentivize investment in local manufacturing, including tax breaks, access to affordable financing, and skills development programs.
* Invest in critical infrastructure, such as reliable energy supply, transportation networks, and industrial parks, to support manufacturing growth.
* Promote linkages between domestic industries and explore opportunities for import substitution.
* Actively Leverage the African Continental Free Trade Area (AfCFTA):
* Ratify and fully implement the AfCFTA agreement.
* Engage actively in negotiations to address non-tariff barriers and streamline trade procedures within the AfCFTA framework.
* Promote awareness and understanding of the AfCFTA among Ghanaian businesses and provide support for them to access regional markets.
* Invest in infrastructure projects that enhance connectivity and facilitate trade with other African countries.
* Provide Targeted Support to Affected Businesses:
* Conduct assessments to understand the specific impacts of the US tariff on different sectors and businesses.
* Offer financial assistance, technical support, and market intelligence to businesses facing challenges due to the tariff.
* Facilitate linkages between businesses seeking to diversify their markets or develop new products.

Conclusion

The imposition of the US 10% tariff on imports from Ghana presents a significant juncture for the nation’s economy. While challenges related to increased costs and reduced competitiveness are undeniable, this situation also creates a powerful impetus for strategic economic transformation.

By proactively pursuing export diversification, fostering domestic manufacturing, and strategically leveraging the opportunities offered by the AfCFTA, Ghana can mitigate the negative impacts of the US tariff and chart a course towards more resilient and sustainable economic growth.

A well-defined and effectively implemented trade strategy will be crucial for Ghana to navigate these evolving global trade dynamics and secure its long-term economic prosperity.

About the Author

SWOII Raymond Koffie, CMILT, Supply chain Scientist is a trade expert with extensive experience in international trade and economic development.

NPP leaders with Rev John Ntim Fordjour (far right) at his residence

The operatives of the National Intelligence Bureau (NIB), who reportedly went to arrest the Member of Parliament for Assin South, Rev John Ntim Fordjour, at his residence, have left.

This was after leading figures of the opposition New Patriotic Party (NPP), including its Members of Parliament and national executives, trooped to Rev Ntim Fordjour’s home following reports of the operatives going there to arrest him.

The leader of the NPP caucus in Parliament, Minority Leader Alexander Kwamina Afenyo, who spoke on behalf of the party’s leadership at Ntim Fordjour’s home, said that about 20 operatives who were there had left.

He said that his caucus, which he described as “The Mighty Minority”, will not allow any of its members to be intimidated or harassed by the John Dramani Mahama government.

He indicated that the comments Rev Ntim Fordjour made on the smuggling of cocaine into the country and money laundering were made as part of his parliamentary duties and on behalf of his caucus.

He added that there was no need to arrest or invite the Assin South MP over the comments he made about two planes that landed in the country being used to smuggle cocaine and launder money.

“The caucus expressed a view through its authorised member, Mr Ntim Fordjour, a reverend minister and a politician. If the government disagrees with views expressed, the government can also tell its side of the story.

“This is democracy. It’s not about ‘we are inviting you’. You come with armed men… about 20 of them. We don’t need it. If you disagree, you disagree. In any event, the caucus is calling for a bipartisan inquiry into this matter… they have de-escalated. They’ve left. They’ve gone back to wherever they came from,” he said.

He added, “We want to assure the government that we will cooperate if they approach things in a decent manner, but we will not be intimidated.”

Background:

Officers from the National Intelligence Bureau (NIB) stormed the residence of Ntim Fordjour, who is the Ranking Member of Parliament on the Defence and Interior Committee of Parliament, to reportedly effect his arrest.

A video shared by the General Secretary of the New Patriotic Party (NPP), Justin Frimpong Kodua, supposedly at the home of the Assin South legislator, showed officials of the NIB at the entrance of his (Ntim Fordjour’s) home.

Other videos sighted by GhanaWeb online also show the officials of the NIB in the compound of Ntim Fordjour.

It is unknown if the NIB’s supposed attempt to arrest the lawmaker is related to his recent cocaine smuggling and money laundering allegations.

The MP for Assin South and the Minority’s Ranking Member on the Defence and Interior Committee claimed at a press conference on April 1, 2025, that two flights, an air ambulance and a private jet, might have been involved in drug trafficking or money laundering.

He alleged that one of the aircraft, Air MED flight L823 AM, landed in Ghana on March 20 and stayed for five days without any record of transporting a patient.

These allegations led President John Dramani Mahama to order security agencies to “immediately and fully collaborate with the honourable Member of Parliament so he provides all necessary information to investigate the allegations and take all action necessary to expose any drug dealing.”

President Mahama also directed all security agencies to work with Rev Ntim Fordjour to investigate the drug trafficking and money laundering claims involving the two suspicious flights at Kotoka International Airport (KIA).

He emphasised that Ghana has a zero-tolerance policy for drug trafficking and will not allow the country to be used as a transit or final destination for illicit drugs.

BAI/MA

Ever heard of a colonial fort with a children’s dungeon and a unique shrine for the slaves? Find out the details with Etsey Atisu as he toured Fort William at Anomabo below:

Thomas Nyarko Ampem is Deputy Minister of Finance

The government has reaffirmed its commitment to bolstering medical and healthcare education infrastructure across the country.

According to Deputy Finance Minister Thomas Nyarko Ampem, key developments outlined in the 2025 Budget presented by Finance Minister Dr. Cassiel Ato Forson include a substantial allocation of over GH¢2 billion toward healthcare infrastructure between now and 2028.

Of this amount, GH¢200 million has been earmarked specifically for critical healthcare projects in 2025.

Speaking at the 50th Anniversary Launch of the School of Medical Sciences (SMS) at the Kwame Nkrumah University of Science and Technology (KNUST) in Kumasi, Nyarko Ampem reiterated the government’s dedication to ensuring that all Ghanaians have access to quality healthcare services and education.

He emphasised that the government’s initiatives are aimed at enhancing equitable access to healthcare for all citizens.

These efforts include the uncapping of the National Health Insurance Scheme (NHIS), significant investments in key health initiatives such as Free Primary Healthcare and the Ghana Medical Care Trust, and the prompt disbursement of funds for statutory health programs.

“Just last week, we transferred an amount of GH¢1.392 billion to the National Health Insurance Scheme. The government has also decided to uncap the GETFund and has transferred GH¢9.9 billion to the fund. Out of this, GH¢5 billion has been allocated to finance Free SHS, while the remaining amount will be available for infrastructure development and the procurement of logistics for educational institutions,” he stated.

SP/MA