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Africa Cannot Be a ‘Jewel in a Desert of Distress’ — Mahama

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President of Ghana, H.E. John Dramani Mahama, has called for deeper African cooperation and a fundamental reset of the continent’s development model, warning that isolated national successes will not be enough in a rapidly changing global order.

Speaking at a high-level convening of the Accra Research Initiative on the sidelines of the World Economic Forum in Davos, President Mahama said Africa must move collectively to escape cycles of dependency and underdevelopment.

“However admirable Ghana’s turnaround story is, it is not enough. We cannot be a jewel in a desert of distress. We must work together as Africa,” President Mahama said.

A Changing Global Order

The Ghanaian leader warned that the multilateral governance system established after the Second World War is weakening, with bilateral relations increasingly driven by narrow, transactional interests.

“Our world as we know it is at an inflection point. The global, multilateral governance system is breaking down, and Africa cannot afford to be passive in this moment,” he stated.

According to President Mahama, Africa must be an active participant in shaping the emerging global order rather than adapting to decisions made elsewhere.

“While no name has yet been coined for the new global system that will emerge, Africa intends to be at the table in determining what that new global order will look like,” he said.

Breaking the Dependency Cycle

President Mahama said Africa remains trapped in what he described as a “triple dependency”—reliance on external actors for security, donor funding for social services, and the export of raw materials without value addition.

“We supply the world’s critical minerals, but capture almost none of the value. This is not sovereignty; it is a trap, and it is getting worse,” he warned.

He pointed to shrinking global humanitarian assistance and shifting geopolitical priorities as evidence that Africa must urgently build internal capacity.

“Global humanitarian assistance is declining, and many countries are cutting development aid. Africa must pull itself up by its own bootstraps,” Mahama said.

Lessons from COVID-19

The President cited the COVID-19 pandemic as a defining moment that exposed Africa’s vulnerability in global systems, particularly in access to vaccines and medical supplies.

“Africa was the last continent to begin receiving vaccines during a global pandemic. That experience was a wake-up call for all of us,” he noted.

Ghana’s Turnaround, Africa’s Challenge

Highlighting Ghana’s recent economic recovery, President Mahama said disciplined leadership and accountability have helped restore macroeconomic stability.

“From a debt-distressed, crisis-ridden economy, we have achieved a strong turnaround by cutting waste, restoring confidence, and focusing on execution,” he said.

However, he stressed that sustainable progress requires a continental approach.

“No African country can industrialise on its own. We must knit together our success stories and scale them across the continent,” he added.

The Accra Reset Vision

President Mahama described the Accra Research Initiative as a practical framework for coordinated African action, focusing on skills development, regional manufacturing, and collective negotiation on minerals, trade, and climate finance.

“This is not a talk shop or another declaration. It is a practical blueprint for building real sovereignty—measured in jobs created, industries built, and young people thriving,” he said.

A Call for Partnership, Not Pity

Concluding his remarks, President Mahama called on global partners to engage Africa on the basis of mutual respect and shared interests.

“We did not come here to ask for charity. We came to propose a partnership of the willing—based on dignity, responsibility, and shared prosperity,” he said.

Looking to the future, the President framed Africa’s challenge as both urgent and hopeful.

“The question before us is not whether change is needed, but whether we have the courage to build it together,” Mahama said.

 

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Two Fire Officers Injured in Secondary Explosion at Potsin Tanker Fire

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Two personnel of the Ghana National Fire Service (GNFS) have sustained injuries following a secondary explosion during efforts to contain a tanker fire at Potsin Junction in the Central Region.

The incident occurred in the early hours of Tuesday, March 17, 2026, along the Kasoa-Winneba Road, where emergency teams had been working to control a blaze involving a fuel tanker.

According to reports, the situation escalated after the fire, which appeared to be under control, suddenly reignited. Moments later, a secondary explosion occurred, raising fresh safety concerns and forcing authorities to cordon off the area.

Eyewitnesses described the explosion as sudden and intense. One survivor recounted that a spark from the tanker triggered a massive fireball within seconds, leaving little time for those nearby to react.

The two injured fire officers were caught in the impact zone while actively working to suppress the flames. Reports indicate that the force of the blast threw one officer off the fire tender, while another, who was positioned on top of the vehicle, fell to the ground during the explosion.

Both officers were rushed to a nearby hospital and are receiving treatment. No fatalities have been officially confirmed as of the time of this report.

The incident has unsettled residents in the Potsin Junction area, with some reported to be in shock following the explosion. Authorities say the tanker has continued to reignite intermittently, complicating firefighting efforts and increasing the risk of further explosions.

A correspondent from Adom News in the Central Region reported that the tanker was still burning at the time of filing, highlighting the ongoing challenges faced by emergency responders.

The Ghana National Fire Service has since deployed additional personnel from nearby stations to support containment efforts and ensure the tanker is fully extinguished.

Meanwhile, the full extent of damage to property and the number of people affected by the fire and smoke remain unclear.

Motorists are being advised to avoid the Kasoa-Winneba stretch or proceed with caution, as emergency teams maintain a strong presence at the scene.

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World Bank Group Warns of Growing Youth Employment Gap Amid Skills Mismatch

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The World Bank Group has raised concerns over a potential widening employment gap as an estimated 1.2 billion young people are expected to enter labour markets across developing countries within the next decade.

Paschal Donohoe, Managing Director and Chief Knowledge Officer of the institution, cautioned that many of these young entrants may lack the skills required by employers, largely due to a growing disconnect between education systems and rapidly evolving labour market demands.

Speaking at the Vice Chancellor’s Occasional Lecture Series at the University of Ghana on Monday, March 16, he described the situation as a pressing global challenge. He noted that the issue extends beyond job availability to concerns about productivity and income levels, particularly for young people already engaged in work but struggling to advance economically.

He further observed that the nature of jobs is changing quickly, with roles expected to evolve significantly over the next decade. According to him, skills that were once adequate are becoming increasingly outdated, underscoring the need for continuous adaptation.

Paschal Donohoe indicated that the World Bank Group is focusing its development agenda on improving education and skills training, promoting job creation, and supporting entrepreneurship. He explained that current efforts aim to strengthen foundational learning, better align higher education with labour market needs, and expand opportunities for young people to access meaningful employment.

He added that equipping individuals with relevant skills and opportunities remains essential to enabling them to reach their full potential in a changing global economy.

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Fuel Prices Set for Sharp Increase From March 16 as Global Oil Prices Surge

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Fuel prices in Ghana are expected to rise sharply beginning March 16, 2026, according to the latest pricing outlook released by the Chamber of Oil Marketing Companies (COMAC).

The report, which guides pricing decisions for oil marketing companies and was sighted by JoyBusiness, projects significant increases across major petroleum products. Petrol is expected to rise by 16.93 percent, while diesel could increase by 17.21 percent. Liquefied Petroleum Gas (LPG) is also projected to go up by 11.26 percent.

If the projections hold, the price of petrol could reach about GH¢14.32 per litre, while diesel may sell at approximately GH¢16.10 per litre at the pump.

Fourth Increase Since January

This will mark the fourth projected fuel price increase since January 2026. However, it is expected to be the steepest increase recorded this year for petroleum products.

Global Factors Driving the Increase

COMAC attributes the anticipated price surge mainly to rising global crude oil prices. The increase has been influenced by escalating geopolitical tensions in the Middle East and disruptions along the strategic oil shipping corridor known as the Strait of Hormuz.

The supply disruptions have pushed international petroleum prices upward. According to the report, diesel prices on the international market rose by about 43 percent, LPG increased by 23.96 percent, and petrol climbed by 19.41 percent.

Crude oil prices also recorded a sharp jump in mid March, rising from 71.41 dollars per barrel to 86.55 dollars per barrel.

Oil Marketing Companies Yet to Announce Final Prices

Some Oil Marketing Companies (OMCs) have indicated to JoyBusiness that they are likely to adjust their pump prices within the projected margins once the new pricing window takes effect.

Market watchers are particularly waiting to see the pricing decisions of the country’s two largest players, Star Oil and GOIL, whose price adjustments often influence the rest of the market.

Ghana currently has more than 200 licensed Oil Marketing Companies.

New Minimum Price Floors Announced

Meanwhile, the National Petroleum Authority (NPA) has announced new minimum price floors for petroleum products for the second pricing window of March, covering March 16 to March 31.

Under the revised benchmarks:

Petrol price floor has increased from GH¢10.46 to GH¢11.57 per litre

Diesel price floor has risen from GH¢11.42 to GH¢14.35 per litre

LPG price floor has moved up from GH¢9.38 to GH¢10.67 per kilogram

The NPA has directed all Oil Marketing Companies and LPG Marketing Companies to comply strictly with the new price thresholds.

According to the regulator, the approved price floors exclude premiums charged by International Oil Trading Companies as well as margins for Bulk Import, Distribution and Export Companies, marketers, and dealers. These costs will be determined independently by the companies in line with the Petroleum Products Pricing Guidelines.

With the new benchmarks in place, no oil marketing company will be allowed to sell petrol or diesel below the approved price floors during the pricing window.

The revised figures also provide an indication of expected pump prices across the country when the new fuel pricing regime takes effect on March 16.

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