YEMEN FIGHTING PUSHES NEARLY 3,000 TO DJIBOUTI IN LESS THAN A WEEK- UN. (PHOTO).

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Yemen fighting pushes nearly 3,000 to Djibouti in less than a week: UN    Nearly 3,000 people have fled Yemen for Djibouti in less than a week as escalating violence drives growing displacement within the country and across its borders, the UN refugee agency said Friday. “Refugees continue to arrive by boat through Obock, Khor Angar, Moulhoule and Godoria after difficult journeys in small vessels,” UNHCR representative in Djibouti Sandrine Desamours told reporters in Geneva, Anadolu Agency reported. More than half of those crossing the Bab el-Mandeb Strait are women and children, while some families have been displaced for a second time after previously fleeing Yemen during the 2015 crisis and later returning. UNHCR is preparing for at least 10,000 new arrivals but warned that capacity is rapidly diminishing. Markazi refugee village, designed for 5,000 people, was already hosting more than 2,700 Yemenis and 1,500 Eritreans. More than 100,000 people have also been displaced ins...

GHANA FACES HEAVY EXTERNAL DEBT PAYMENTS- FINANCE MINISTER. (PHOTO).


 Ghana Faces Heavy External Debt Payments – Finance Minister


Ghana’s Finance Minister, Cassiel Ato Baah Forson, has warned that the country faces significant external debt servicing costs over the next four years.


Speaking in his first budget presentation to parliament on Tuesday, Forson revealed that Ghana will need to pay $2.5 billion in 2027 and $2.4 billion in 2028, amounting to a total of $8.7 billion (10.9% of GDP) within the period. He also noted that no financial buffers had been put in place to ease the burden.


Ghana is recovering from its worst economic crisis in decades, triggered by the COVID-19 pandemic, the war in Ukraine, rising global interest rates, and years of excessive borrowing.


Meanwhile, President John Dramani Mahama, who assumed office in January, has pledged to revive the economy and create jobs while addressing challenges such as high living costs, an ongoing IMF bailout, and a sovereign debt default in the country’s cocoa and gold sectors.

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