General News
Tariff war could cut US-China goods trade by 80% – World Trade Organisation

U.S. President Donald Trump on Wednesday raised tariffs on Chinese goods to 125 per cent, intensifying the ongoing trade dispute between the world’s two largest economies.
The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala warned that the escalating tariff war could slash trade in goods between the U.S. and China by as much as 80%, with potentially severe ripple effects on the global economy.
“The escalating trade tensions between the United States and China pose a significant risk of a sharp contraction in bilateral trade. Our preliminary projections suggest that merchandise trade between these two economies could decrease by as much as 80 percent,” WTO Director General Ngozi Okonjo-Iweala said in a statement.
She said the United States and China accounted for three percent of world trade and warned that the conflict could “severely damage the global economic outlook”.
Even as he slapped further tariffs on China, Trump paused higher tariffs on the rest of the world for 90 days after dozens of countries reached out for negotiations.
Okonjo-Iweala warned that the world economy risked breaking into two blocs, one centred around the United States and the other China.
“Of particular concern is the potential fragmentation of global trade along geopolitical lines. A division of the global economy into two blocs could lead to a long-term reduction in global real GDP by nearly seven percent,” she said.
She urged all WTO members “to address this challenge through cooperation and dialogue”.
“It is critical for the global community to work together to preserve the openness of the international trading system,” said Okonjo-Iweala. “WTO members have agency to protect the open, rules-based trading system. The WTO serves as a vital platform for dialogue. Resolving these issues within a cooperative framework is essential.”
Hours earlier, Trump ramped up duties on Chinese goods to 104 percent, only to hike them further when China retaliated by raising tariffs on US imports to 84 percent.
In a social media post announcing the moves, Trump said China had been singled out for special treatment because of “the lack of respect that China has shown to the World’s Markets”.
US stock markets had slumped around 10 percent in the past week as trade tensions grew, but they surged after Trump announced his pause.
Source: Graphic Online
Crime and Investigation
OSP Invites Former GACL Board Chair Paul Adom-Otchere Over Suspected Corruption in Audit Deal

The Office of the Special Prosecutor (OSP) has summoned Paul Adom-Otchere, the former Board Chairman of Ghana Airports Company Limited (GACL), for questioning as part of an ongoing investigation into alleged corruption and financial irregularities.
The probe focuses on a revenue assurance audit contract between GACL and a private firm, with suspicions surrounding the financial management and accounting of airport revenues under the agreement.
In an official letter dated July 25, 2025, the OSP identified Mr. Adom-Otchere as a suspect in the matter, citing potential corruption and corruption-related offenses. He has been asked to appear at the OSP’s South Ridge office on Thursday, July 31, 2025.
Confirming receipt of the summons in an interview with Myjoyonline.com, Mr. Adom-Otchere, who recently completed his term as board chair, disclosed that his legal team has requested a new date—Monday, August 4—due to court engagements in Kumasi.
While pledging his full cooperation, he expressed surprise at being singled out, arguing that the decision-making around the contract was primarily handled by GACL management and its managing director, both of whom remain in office and available to assist with the inquiry.
Crime and Investigation
Court of Appeal Grants GHS10 Million Bail to Ato Essien Amid Health Concerns

The Court of Appeal has granted William Ato Essien, founder of the now-defunct Capital Bank, bail set at GHS10 million pending the outcome of his appeal against a 15-year prison sentence.
The bail decision, delivered on Wednesday, July 30, includes conditions such as the submission of his passport to the court and monthly check-ins with the court registrar. Two sureties are also required.
Essien was sentenced to 15 years in prison with hard labour in October 2023 by an Accra High Court, following his guilty plea to 16 counts of stealing, money laundering, and conspiracy to steal. The charges stemmed from his role in the collapse of Capital Bank, involving over GHS90 million in financial misconduct.
In May 2024, Essien applied for bail pending appeal, citing deteriorating health, but the request was rejected by the High Court. He then escalated the matter to the Court of Appeal.
During the latest hearing, Essien’s legal team stressed his worsening health condition and the need for urgent medical care. They also highlighted his partial fulfillment of a plea deal that required him to repay GHS90 million to the state. He had initially paid GHS30 million in December 2022, but failed to meet subsequent payment deadlines for the remaining GHS60 million.
The prosecution opposed the bail, arguing that Essien had not honored the terms of the agreement. However, the three-member panel of justices pointed out that Section 35 of the Courts Act (Act 459)—which allows for restitution in exchange for a possible non-custodial sentence—raises questions that must be examined in the appeal process.
Background:
Essien and three associates were charged for offenses that led to the collapse of Capital Bank, including theft and money laundering amounting to GHS90 million. After entering a plea bargain, Essien agreed to repay the state in structured installments: GHS20 million each by April, August, and December 2023. By April, he had only paid GHS4 million of the first tranche and a total of GHS7 million by the time of sentencing.
As a result of his failure to meet payment terms, the High Court imposed the custodial sentence.
Following the sentencing, Dr. John Apea, Head of Missions at the Commonwealth Enterprise and Investment Council and a board member of the Commonwealth Human Rights Office for Africa, began advocating for clemency on humanitarian grounds. He launched a petition and pledged to present it to former President John Mahama, emphasizing Essien’s fragile health and the need for compassion in justice.
Entertainment
Counsellor D Y Donkoh Apologizes to Shatta Wale Over Prophecy

Counsellor D Y Donkoh has issued a public apology to Ghanaian music star Shatta Wale after sharing a prophecy that reportedly left the artist “visibly shaken and traumatised.”
In a statement dated July 27, 2025, Donkoh admitted the prophecy—shared on social media—sparked widespread concern and was never meant to cause fear.
He expressed regret and pledged to be more cautious when sharing future revelations.
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