Ghanaian-born Kwasi Kwarteng was removed as finance minister in the UK.

According to the BBC, Kwasi Alfred Addo Kwarteng, a British Conservative Party official with Ghanaian ancestry who was chosen to serve as the UK’s Minister of Finance, has been fired.

Ghanaian-born Kwasi Kwarteng was removed as finance minister in the UK.
Ghanaian-born Kwasi Kwarteng was removed as finance minister in the UK.

After rumors surfaced that British Prime Minister Liz Truss would announce a U-turn on several aspects of the mini-budget, he was dismissed.

The second-shortest-serving UK chancellor in history is Kwarteng.

Kwarteng abruptly ended a meeting with foreign finance ministers in Washington, DC, and took a flight back to the UK for urgent meetings with Truss this morning.

Kwarteng previously held the position of Secretary of State at the Department of Business, Energy, and Industrial Strategy before being named the Finance Minister.

 

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Eric Palmer

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After a year of protests, Uganda resumes exporting gold.

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After a year, Uganda resumes its gold trade. The suspension resulted from gold dealers objecting to the gold tax assessment. Gold dealers have already started exporting again, and a new tax has been mooted. Uganda discovers gold deposit   The country has reportedly restarted trading in gold following a 12-month […]
After a year of protests, Uganda resumes exporting gold.