PRESIDENT TINUBU RECONSTITUTES THE BOARD OF THE NIGERIAN ELECTRICITY REGULATORY COMMISSION. (PHOTO). #PRESS RELEASE

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 STATEHOUSE PRESS RELEASE   President Tinubu Reconstitutes the Board of the Nigerian Electricity Regulatory Commission   President Bola Ahmed Tinubu has approved the reconstitution of the Board of the Nigerian Electricity Regulatory Commission (NERC), following the Senate's confirmation of its members on December 16.   Members of the reconstituted Board are:   • Mulisiu Olalekan Oseni, PhD. — Chairman   Dr Oseni started his service as a Commissioner in January 2017. He was subsequently appointed Vice Chairman of the Commission.   His appointment as Chairman took effect from 1 December 2025 and shall subsist until the completion of his ten-year tenure at the Commission, in accordance with the provisions of the Electricity Act, 2023.   • Yusuf Ali, PhD. — Vice Chairman   Dr Ali was first appointed as a Commissioner in February 2022. His designation as Vice Chairman took effect on 1 December 2025 and shall remain in effect until the completion o...
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GHANA FACES HEAVY EXTERNAL DEBT PAYMENTS- FINANCE MINISTER. (PHOTO).

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 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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