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The Hormuz Chokepoint: Why the U.S.–Iran Escalation Threatens the Global Economic Recovery

By; David Tetteh Emaahi       Image source; The Guardian   At Ink Media Online, we are keeping our eyes locked on international waters this morning because global shifts hit our local digital economies faster than you think The fragile peace that the global economy has been clinging to just cracked down. On Sunday, July 12, 2026, the vital Strait of Hormuz, the maritime artery responsible for carrying one-fifth of the world’s petroleum and liquefied natural gas (LNG) shipments was officially declared closed “until further notice” by Iran’s Islamic Revolutionary Guard Corps (IRGC). The critical escalation follows a massive weekend of military friction. U.S. Central Command (CENTCOM) launched an expansive round of airstrikes, striking roughly 140 Iranian military targets to dismantle Tehran’s capability to disrupt international shipping. In a rapid, fierce retaliation, Iran launched ballistic missiles and drone swarms targeting regional U.S. infrastructure and hi...
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President Mahama Pledges New Funding Model and Legacy Debt Relief

 

The President of the Republic of Ghana: John Dramani Mahama 


President  John Dramani Mahama has proposed a major overhaul for the Ghana Broadcasting Corporation (GBC), focusing on modernization and financial sustainability. Speaking during a visit to the state broadcaster today 8th January, 2025, President Mahama emphasized the need for a more robust funding model and digital transformation.

​He noted that GBC's current management structure, which is over 60 years old, is outdated and requires significant reform. He suggested leveraging the corporation's prime real estate assets to fund its modernization efforts.

​In terms of financial support, He promised to replace the controversial TV license with a more effective public media levy. This new levy, along with a revised funding structure, is intended to provide GBC with the resources it needs to operate efficiently and fulfil its mandate as a public broadcaster.

                    The President with GBC Management 


​The President also addressed GBC's longstanding financial challenges, particularly its legacy debts. He pledged to "ringfence" these debts and work with the Chief of Staff to find funding for their relief, ensuring they no longer hinder the corporation's operations.

​Furthermore, He commended GBC's move towards solar energy, noting that it will help reduce operational costs. He expressed his commitment to working with the National Media Commission and other stakeholders to create a more supportive environment for public media in Ghana.

​The proposed changes are expected to be discussed in cabinet and parliament before any legal amendments are made. The President concluded by expressing his optimism for the future of GBC and its role in Ghana's media landscape

Video sourced; GBC 
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