THE ISLAMABAD MOU: WALKING THE RAZOR’S EDGE OF A FRAGILE PEACE

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Read more Four months of intense military conflict between the United States and Iran have culminated in a high-stakes diplomatic gamble. Following the signing of the Islamabad Memorandum of Understanding (MoU) on June 14, 2026, the theater of conflict has rapidly shifted from missile corridors in the Persian Gulf to negotiation tables in Doha, Qatar. Yet, as both nations attempt to pivot toward an exit strategy, structural disagreements, sudden military flare-ups, and fierce domestic political pressure threaten to upend the delicate framework before it can be fully implemented. The Diplomatic Framework and Financial Pivots The Islamabad MoU represents the first concrete structural blueprint aimed at ending the active war footing and lifting the crushing naval blockades that have paralyzed regional commerce. Central to the immediate framework is a major financial and economic concession: Iranian President Masoud Pezeshkian announced that $6 billion in frozen Iranian assets held in Qata...
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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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