Aviation Supply Chain Failures Cost Airlines US$11 Billion in 2025

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Global airlines lost at least $11 billion to supply chain failures in 2025, the International Air Transport Association (IATA) warned Wednesday, with higher fuel prices set to make that worse.

IATA Director General Willie Walsh said the global aircraft order backlog has reached more than 18,000 planes, and the average fleet age has climbed to a record 15.2 years. Airlines are flying without roughly 5,000 more fuel-efficient aircraft they had counted on, driving up lease rates and maintenance costs on top of the direct supply chain losses.

Stuart Fox, IATA’s director of flight and technical operations, presented four measures to the association’s inaugural World Maintenance and Engineering Symposium in Madrid: improve supply chain visibility, expand competition in the aftermarket, unlock the value of data and artificial intelligence (AI), and build the human workforce capable of sustaining it.

On visibility, IATA wants manufacturers to give airlines earlier and more reliable information on delivery delays, repair turnaround times, and parts availability, so airlines can plan their global networks with greater accuracy.

On the aftermarket, IATA called on manufacturers to adopt the principles in a recent agreement between the association and engine maker CFM International, which reinforces airlines’ access to external maintenance, repair, and overhaul (MRO) providers, alternative parts, and approved repairs. IATA said longstanding commercial restrictions on repair instructions, tooling, and spare parts distribution limit competition, lengthen waiting times, and push up costs.

On data, IATA pressed for better integration between airline maintenance systems and market intelligence tools to sharpen inventory management, improve warranty claims, and support decisions on whether to repair or replace components. AI can help predict demand, flag shortages, and cut manual workload. IATA has made its MRO SmartHub available to airlines at no cost through a data participation programme.

On the workforce, Boeing estimates 710,000 new maintenance technicians will be needed over the next 20 years. IATA called for faster recruitment timelines, expanded training capacity, and greater cross-border recognition of qualifications to close that gap.

Fox added that compliance deadlines for new aircraft equipment mandates must reflect what the supply chain can actually deliver. IATA has taken that concern to the International Civil Aviation Organization (ICAO), particularly around avionics and airspace safety upgrades.

“This is not about delaying safety. It is about making safety deliverable,” Fox said.

The symposium, IATA’s first dedicated to maintenance and engineering, brought together airlines, manufacturers, and maintenance providers in Madrid to address what the association described as persistent failures across the global aviation supply chain.

Tullow Oil Repays US$48 Million Two Months After Refinancing

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Tullow Oil, operator of major oil assets in Ghana, repaid $48.2 million of senior debt Wednesday, two months after closing a refinancing, in an early sign of improved cash generation.

The company redeemed $48,211,589.95 of its 10.25 percent Senior Secured Notes due 2028 at 101 percent of face value, meaning noteholders received a slight premium on the principal amount. The remaining outstanding balance stands at $1.162 billion.

Chief Financial Officer Richard Miller said the payment reflected “our disciplined approach to capital allocation and the quality of our assets,” crediting strong operational and financial performance through 2026.

The speed of the transaction stands out. Tullow completed a restructuring of its debt on 24 April 2026, amending an indenture originally signed in May 2021. Returning to noteholders with a cash repayment within two months signals that production is generating cash beyond what the company requires for current operations, a meaningful shift for a business that has carried a substantial debt burden for several years.

Tullow holds its core producing assets in Ghana and trades on the London Stock Exchange and the Ghana Stock Exchange under the ticker TLW. The 10.25 percent rate on the notes reflects the borrowing premium lenders have attached to the company’s debt levels. Each reduction in principal trims the interest bill that eats into free cash flow.

Miller said the company continues to explore longer term refinancing and strategic options. With $1.162 billion still outstanding and the notes maturing in 2028, the pace of future repayments will depend on what operational performance the Ghana assets sustain through the remainder of the year.

Nigerian Banks Slash Manufacturer Loans by US$1.25 Billion

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Nigeria’s banks cut manufacturer loans by 22.5 percent in 2025 while boosting credit to oil and finance, figures the Manufacturers Association of Nigeria called a dangerous shift in capital priorities.

The Manufacturers Association of Nigeria (MAN) said bank lending to the sector fell from $5.56 billion in December 2024 to $4.31 billion by the end of 2025, a drop of $1.25 billion. Over the same period, lenders extended $6.91 billion to the oil and gas sector and $6.03 billion to financial services. MAN said the pattern suggests banks are increasingly drawn to assets with faster returns and lower perceived risk.

Lending rates reinforce that preference. Manufacturers face average borrowing costs of about 27 percent, with some commercial banks charging 35.6 percent. At those levels, financing factory expansion or updating equipment is commercially unworkable for most producers.

The contrast with the broader credit environment is telling. Data from the Central Bank of Nigeria show total private sector lending rose to $52.97 billion in May 2026 from $52.68 billion in April. Overall credit is growing; manufacturers are receiving a shrinking piece of it.

Structural barriers compound the problem. Elevated cash reserve requirements have reduced the funds banks can deploy as loans. Tight collateral demands are locking out smaller manufacturers even when credit facilities nominally exist, according to MAN.

A government initiative meant to ease the pressure has yet to deliver. The $653 million Manufacturing Stabilisation Fund, announced under the Accelerated Stabilisation and Advancement Plan to cushion the impact of currency depreciation, rising energy costs, and higher financing charges, remains inaccessible. MAN said producers have seen no benefit from the scheme, nearly two years after it was announced.

The consequences, MAN warned, will be direct: lower capacity utilisation, reduced investment, and growing job losses. The association said the Nigeria Industrial Policy 2025, designed to expand the sector’s contribution to the economy, cannot succeed while manufacturers remain locked out of affordable credit.

Ghana Set to Launch Jurisdictional Forest Carbon Credits

Ghana is close to issuing its first national forest carbon credits, the country’s vice minister for lands announced Wednesday in London, aiming to channel significant climate finance into its forests.

Yusif Sulemana, Vice Minister for Lands and Natural Resources, told a gathering of forest ministers and climate negotiators that the country’s Jurisdictional Reducing Emissions from Deforestation and Forest Degradation (J-REDD+) programme was approaching its first credit issuance. He pressed the international community to build a trusted framework for such credits, arguing it was essential for directing genuine, verifiable climate investment into forest nations.

Credits under J-REDD+ work differently from older, individual project credits that faced widespread credibility problems in voluntary carbon markets. Issued at the national government level, they cover entire landscapes rather than isolated sites, a design that limits the verification and leakage failures that damaged confidence in earlier approaches. Jurisdictional credits have since become a growing preference among buyers seeking stronger assurance.

The announcement came at a high-level session hosted by the Forest and Climate Leaders Partnership (FCLP), which brought together ministers from forest nations, donor governments, and incoming presidents of the next two rounds of United Nations climate talks. The event was framed around keeping forests central to climate diplomacy through 2030, drawing ministers from Ghana, Nigeria, and Indonesia alongside negotiating officials from Brazil and Peru.

Three other outcomes defined the session. Norway announced NOK 500 million, roughly 55 million US dollars, per year over three years for civil society groups working on forests, Indigenous rights, and sustainable land use. Peru became the 16th country to endorse the Intergovernmental Land Tenure Commitment (ILTC), which ties forest conservation to the formal recognition of Indigenous territorial rights. Brazil committed to allocating 3 million hectares of undesignated federal land this year to create 67 new Indigenous reservations and nine Quilombola territories, part of a broader pledge to secure rights across 63 million acres.

Brazil’s Vice-Minister for Indigenous Peoples, Marcos Kaingang, said: “Strengthening tenure rights supports biodiversity, livelihoods, and sustainable development.”

The gathering took place as governments gear up for the 30th Conference of the Parties (COP30) in Brazil later in 2026, with COP31 to follow in Antalya, Türkiye. FCLP conveners said the London session was designed to prevent forest issues from losing ground between major summits.

For Ghana, the J-REDD+ programme aims to route credit revenues into high quality forest conservation and land management that deliver climate benefits and improve community livelihoods, according to Sulemana.

World Cup: Inside Ofori-Sarpong’s Passionate Call for National Glory

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Story By: Nii Okpoti Odamtten & Muhammad Faisal Mustapha….

At moments when a nation seeks inspiration, its voices of leadership often emerge from beyond the corridors of politics and government. In Ghana, one such voice has come from business leader and philanthropist Dr. Ernest Ofori Sarpong, Chief Executive Officer of Special Ice Mineral Water, whose stirring message to the Black Stars has resonated across the country.

As Ghana’s national football team prepares for critical international assignments, Dr. Ofori-Sarpong has offered words that go beyond sport, touching on patriotism, unity, resilience, and national pride.

His message arrives at a time when expectations surrounding the Black Stars remain high and the hopes of millions rest upon the shoulders of the players who proudly wear the national colours.

For many Ghanaians, football is more than a game. It is a powerful symbol of national identity, bringing together citizens from diverse backgrounds under a single flag and a common purpose.

Recognizing this unique role of football, Dr. Ofori-Sarpong called upon the players to approach every challenge with confidence and determination.

He urged the team to respect every opponent while refusing to be intimidated by any adversary, emphasizing that belief in one’s abilities remains a cornerstone of success.

According to him, confidence must always be balanced with discipline, teamwork, and unwavering commitment to the national cause.

“As you face your next opponents, play with confidence. Respect them, but never fear them. Let your discipline guide you, let your teamwork inspire you, and let your passion drive you,” he stated.

The respected entrepreneur stressed that football victories are rarely achieved through individual brilliance alone but through collective effort and shared sacrifice.

He reminded the players that every contribution on the field matters, whether it comes through a crucial tackle, a precise pass, a vital save, or a match winning goal.

In his view, the success of one player ultimately reflects the success of Ghana as a whole.

Equally, he noted that when one member of the team faces difficulties, the responsibility to support and uplift him belongs to every teammate.

This message of solidarity has struck a chord with football supporters who see unity as one of the defining characteristics of successful teams.

Dr. Ofori-Sarpong encouraged the players to look around their dressing room and recognize the brotherhood that binds them together.

He described trust among teammates as an essential ingredient for overcoming the pressures and challenges of international competition.

“The men beside you are your brothers. Trust them. Fight for them. Believe in them. Together, you are stronger than any challenge before you,” he declared.

Beyond the confines of the stadium, the business leader highlighted the emotional investment of millions of Ghanaians in the fortunes of the national team.

From bustling cities to remote communities, football continues to unite people across generations and social backgrounds.

Dr. Ofori-Sarpong pointed out that citizens from every corner of the country stand behind the Black Stars with hope, prayers, and unwavering support.

He emphasized that this belief has been earned through the dedication and sacrifices of the players who have represented Ghana on the global stage.

“Across every region of Ghana from Accra to Tamale, Kumasi to Cape Coast, Ho to Bolgatanga millions will be watching and praying for your success,” he said.

His remarks also underscored the importance of courage and intelligence in modern football, where tactical awareness and mental strength often determine outcomes.

He challenged the players to combine skill with character and ambition with discipline as they pursue success.

More importantly, he reminded them that they carry not only their personal dreams but also the aspirations of an entire nation.

“Play with courage. Play with intelligence. Play with heart. Most importantly, play for Ghana,” he urged.

The message culminated in a passionate appeal for the team to rise above obstacles and seize the opportunity to create lasting history for themselves and the country.

Dr. Ofori-Sarpong expressed confidence that the Black Stars possess the talent, determination, and unity required to compete at the highest level.

He called on the players to raise Ghana’s flag proudly and ensure that the Black Star shines brightly on the international stage.

His concluding words reflected a spirit of optimism and national pride that has become synonymous with Ghana’s sporting ambitions: “May your determination be greater than any obstacle, your unity stronger than any opposition, and your desire to win unmatched by anyone you face.”

As the Black Stars continue their journey, Dr. Ernest Ofori-Sarpong’s message stands as both a challenge and an inspiration a reminder that when a team carries the hopes of an entire nation, every match becomes an opportunity to unite a people, inspire a generation, and write a new chapter in Ghana’s sporting history. “Forward Ever, Backward Never. Go Black Stars. Go Ghana.”

Gomoa Fawomanye Set for 2026 Akwambo Festival Celebrations

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Residents of Gomoa Fawomanye in the Central Region are preparing to celebrate the 2026 Akwambo Festival, with traditional leaders unveiling a week-long programme aimed at promoting community development, cultural heritage and social cohesion.

The Odikro of Gomoa Fawomanye, Nana Sakyi Ansah, together with the Queen Mother, Nana Amba Esuon, have announced a series of activities scheduled to take place from July 6 to July 12, 2026, as part of this year’s festivities.

According to the traditional authorities, the festival will commence with a community-wide clean-up exercise aimed at improving environmental sanitation and encouraging residents to maintain a clean and healthy environment.

The celebration will also feature a health screening exercise, providing residents with the opportunity to undergo basic medical checks and receive health education from professionals. Organisers say the initiative forms part of efforts to promote preventive healthcare and improve the well-being of community members.

Other activities lined up for the festival are expected to bring together indigenes, residents and visitors, while showcasing the rich cultural traditions of the Gomoa people.

The highlight of the festival will be a grand durbar of chiefs and people on Saturday, July 11, where traditional leaders, invited guests and community members will gather to celebrate the history, achievements and aspirations of Gomoa Fawomanye. Cultural performances, traditional displays and other attractions are expected to form part of the occasion.

The week-long celebration will climax with a thanksgiving service on Sunday, July 12, during which residents will offer prayers and express gratitude for the community’s progress and blessings.

Nana Sakyi Ansah and Nana Amba Esuon have called on all natives and citizens of Gomoa Fawomanye, both at home and abroad, to return to the community and participate in the celebrations.

They expressed optimism that this year’s Akwambo Festival would strengthen unity among residents, foster development and provide an opportunity for families and friends to reconnect while celebrating their shared cultural heritage.

The traditional leaders further encouraged neighbouring communities and the general public to join the festivities and make the 2026 Gomoa Fawomanye Akwambo Festival a memorable occasion.

UNICEF Ghana Hackathon awards local innovators advancing climate-resilient sanitation for children in Northern Ghana

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Winning team ‘Latrine Doctors’ awarded $2,600 to scale solutions protecting children from climate-related sanitation risks

UNICEF StartUp Lab, in partnership with the Korea International Cooperation Agency (KOICA), MEST Africa, and Hopin Academy, has named local tech group Latrine Doctors as the winner of the 2026 Hackathon on Safely Managed Sanitation.

The hackathon brought together developers, designers, and researchers from across Ghana to develop practical, scalable and climate-resilient sanitation solutions to address growing risks facing children in underserved communities in Northern Ghana.

Across the region, frequent flooding and prolonged dry spells continue to strain fragile sanitation systems, raising the risk of waterborne diseases and affecting children’s health, safety, and education. By focusing on the safe containment and treatment of human waste, Latrine Doctors secured first place and a $2,600 prize to support further development of their solution.

“This hackathon highlights the power of local innovation in addressing one of the most urgent challenges facing children in Northern Ghana,” said Peter Gyamfi Kwarteng, Chief Field Office, UNICEF Tamale. “By supporting climate-resilient sanitation solutions, we are helping protect children’s health and dignity while strengthening communities to cope with the growing impacts of climate change. The solutions presented, especially from this year’s winning team, show real potential to be scaled and make a meaningful difference.”

Following a nationwide selection process, 22 innovators across 10 teams from six regions participated in the hackathon, developing solutions ranging from data-driven sanitation tools to improved faecal sludge management systems and smart monitoring frameworks.

The UNICEF StartUp Lab is an accelerator programme that supports young Ghanaian innovators and entrepreneurs to develop and scale technology-driven solutions addressing challenges affecting children and young people. Established in 2019 with support from the Government of the Republic of Korea through KOICA and implemented by MEST Africa, the programme provides mentorship, technical support, and access to networks to help innovators bring their ideas to life and scale their impact.

Hackathon winners and awards:
●1st Place ($2,600): Latrine Doctors(also Best Pitch Delivery)
●2nd Place ($1,600): EcoHusk Innovations
●3rd Place ($1,100): Chain Closers(also Best Progress/Iteration and Best Community Integration)
●People’s Choice Award: The Umoja Foundation Team
●Most Accessible Solution: Washking ClimateSafe
●Best Smart Monitoring & Data Solution: DivaHack

About participating teams:

A total of 10 youth-led teams took part in the rapid prototyping process: TEAM SANICHAIN, WasteWise Ghana, EcoHusk Innovations, IS24 Inclusive SafeSan Hub, Latrine Doctors, Washking ClimateSafe, The Umoja Foundation Team, Chain Closers, REIGNS, and DivaHack.

Ghana Licensed Fewer Than 10 Private Sidearms Since January 2025

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Ghana’s small arms regulator has issued fewer than 10 sidearm licences to private citizens since January 2025, as authorities tighten civilian access to firearms amid concerns over the spread of illegal weapons.

Executive Secretary of the National Commission on Small Arms and Light Weapons, Dr. Adam Bonaa, disclosed the figure during a TV3 discussion on firearm regulation following the shooting of former Dome-Kwabenya Member of Parliament Sarah Adwoa Safo.

Bonaa framed the restrictive licensing stance as one element of a longer-term strategy rather than a reaction to any single incident. “This is an issue that has existed for years. You don’t come in and attempt a quick fix,” he said, describing unauthorised weapons circulation as a problem requiring sustained institutional attention.

He stopped short of detailing the scale of illegal firearms currently in circulation but characterised the situation as serious enough to warrant continued action beyond licensing controls alone.

The shooting of Adwoa Safo has renewed public debate over firearm regulation in Ghana and the ease with which weapons reach civilians outside official channels.

Afoko Returns From Retirement to Lead NPP Revival Bid

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Former New Patriotic Party (NPP) National Chairman Awentami Paul Afoko has come out of retirement to contest the party’s chairmanship, framing his return as a response to what he describes as a party sliding toward irrelevance after losing more than half its parliamentary seats.

Afoko, who has been campaigning across the Volta, Oti and Central Regions, told party members the NPP’s drop from 169 to 87 seats in Parliament demands an immediate response from the old guard before the decline deepens. “If you sit back and fold your hands and watch it, the party that you have toiled for from your youth is on a trajectory downwards,” he warned.

He was direct about his motivation, telling supporters the objective is political power and nothing else. “I didn’t leave my retirement to come in for any reason other than power. Power is all we want, so that we can use power to develop our country according to the way we see it,” Afoko said, adding that his goal is to see Mahamudu Bawumia return to the presidency.

His campaign runs on what he has labelled the 3Rs formula: Reunite, Rebuild, Recapture. The sequence is deliberate. Afoko argues the party cannot mount a credible 2028 campaign with its current internal divisions intact, and that grassroots structures from the polling station upward must be rebuilt before any serious electoral push can succeed.

He acknowledged that the NPP’s founding principles remain its strongest asset but said those principles can only be taken back to Ghanaians once the party resolves its internal tensions first.

Rooney, Richards Back Ghana’s Penalty Claim Against England

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Ghana’s case for a second-half penalty against England has drawn support from some of the sport’s most recognisable English voices, including a former World Cup final referee, after Tuesday’s goalless draw in Group L left Carlos Queiroz publicly furious with the officials.

The incident centred on Prince Kwabena Adu, who broke into the England penalty area and went down following a challenge from Aston Villa defender Ezri Konsa. Referee Said Martinez waved play on and the Video Assistant Referee chose not to intervene.

Wayne Rooney, speaking on BBC One, said the decision was wrong. “I think that’s a penalty,” he said. “Konsa takes a huge risk. His feet are off the floor when he comes flying in and he gets the man, not the ball.”

Former England defender Micah Richards stopped short of calling it a clear foul but acknowledged Ghana’s grievance. “On another day, that could have been a penalty,” Richards said.

The endorsement from English pundits adds weight to Queiroz’s post-match complaints, in which the Ghana coach questioned whether VAR was functioning at all during the second half.

Ghana face Croatia in their final Group L match with a place in the round of sixteen already secured.