Venezuelan President Appears in U.S. Court After Arrest on Drug Charge

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NEW YORK — Venezuelan President Nicolás Maduro has appeared before a United States federal court following his recent arrest and extradition, according to reports from international media outlets. Maduro was transported under heavy security to a federal courthouse in New York for an initial court appearance. The development marks a rare and significant moment in international criminal proceedings involving a sitting head of state. Background to the Case U.S. prosecutors accuse Maduro of involvement in drug trafficking and related criminal conspiracies. The charges stem from indictments first announced several years ago, alleging that senior Venezuelan officials participated in large-scale cocaine trafficking operations targeting the United States and other international destinations. The case had remained inactive due to Maduro’s position in power and the lack of extradition until his reported arrest. Court Proceedings During the initial appearance, procedural matters wer...
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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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