The government is preparing to introduce a new Loans Act aimed at tightening controls on public borrowing and ensuring that all debt contracted delivers measurable value to the economy. Finance Minister Dr. Cassiel Ato Forson announced the policy direction following the signing of Ghana’s 11th bilateral debt restructuring agreement with EXIM India, describing the move as part of a broader reset of the country’s debt management strategy. According to the Minister, the proposed legislation will strictly define the permissible uses of borrowed funds, with a clear requirement that every loan be linked to high-impact, value-for-money investments. he law is expected to eliminate non-essential borrowing and strengthen fiscal discipline across government financing decisions. The initiative forms part of efforts to consolidate gains from Ghana’s ongoing debt restructuring programme and restore long-term sustainability. Authorities say the country is steadily transitioning toward a low ris...
The decision by the United States to join Israel and Argentina in formal opposition to a landmark United Nations resolution on slavery has sparked a rigorous debate over the intersection of historical accountability and modern international law. While the measure passed with broad support, the American defence reveals a deep-seated resistance to shifting the legal definitions of "justice" for centuries-old wrongs. This tension highlights a growing divide between the moral imperatives of the Global South and the rigid legal frameworks maintained by Western powers. The Ghana-led resolution declaring the transatlantic slave trade as the gravest crime against humanity passed the United Nations General Assembly on March 25, 2026. Despite receiving 123 votes in favour, the measure faced a sharp rebuke from a small coalition of dissenting nations. The United States joined Israel and Argentina in voting against the proposal. The vote followed a high-profile push by President ...