U.S. Central Command Hits Multiple Iranian Targets Following Strait of Hormuz Escalation

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American forces launched a heavy wave of precision airstrikes across southern Iran, striking dozens of Islamic Revolutionary Guard Corps (IRGC) military installations.  The operations come in direct response to renewed attempts by Iranian forces to disrupt commercial shipping lanes in the Strait of Hormuz and target U.S. and coalition personnel in the region. AP News Key Operations and Target Profiles The coordinated strikes focused on neutralizing offensive naval capabilities and breaking down early-warning networks across critical coastal nodes, including Bandar Abbas, Qeshm Island, and Larak Island: The Guardian Naval & Asymmetric Threats:   Operations targeted IRGC fast-attack craft, mine-laying naval assets, and coastal anti-ship missile sites designed to threaten merchant vessels traversing the strait. Anadolu Ajansı Air Defense & Command Structures:  U.S. munitions disabled key coastal radar installations, integrated air defense nodes, and military communic...
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President Mahama Directs End to Foreign Currency Denominated Government Contracts

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ACCRA, Ghana – In a significant policy shift, President Mahama has issued a directive that, effective today, July 24, 2025, all government contracts awarded will no longer be denominated in foreign currency. This new mandate applies irrespective of the funding source for the contract.

The directive was announced by Ato Forson, though further details on the implications and rationale behind the decision are anticipated. The move suggests a strategic effort by the government to potentially strengthen the local currency, manage foreign exchange risks, and promote greater stability within the national economy.

This policy change is expected to have broad implications across various sectors engaged in government projects, from infrastructure development to service provision. Contractors and stakeholders will likely need to adjust their financial planning and bidding strategies to align with the new requirement for local currency denominations.

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