Abraham Tetteh’s family says no arrest has been made regarding the murder so far.
They are, therefore, pleading with the police authority in the region to speed up investigations to bring the culprits to book.
The ambulance driver was shot by armed robbers on Friday while conveying a pregnant woman in labour from the Akuse Government Hospital to the Koforidua Regional Hospital.
He had sustained a gunshot wound to the eye and later died at the Korle-bu Teaching Hospital in Accra on Saturday.
The driver and the pregnant woman were later rushed to the hospital after being rescued by a police patrol team.
A representative of the family told Joy News’ Manuel Koranteng that they are demanding justice for their late relative.
He added that the crime has created fear and panic in the community because it could have been anybody.
“So we need justice for our brother. This has also raised a whole lot of concern among the EMT fraternity and their morale is down and everyone is worried,” he said.
Hiplife/Afrobeat artiste KGEE has dropped a new song titled ‘Kiss’ off his debut album ‘Safari’. The song which was produced by M.O.G features the afro-beats…
<p><img width="1000" height="600" src="https://www.naijanews.com/wp-content/uploads/2021/10/nigerian-naira-1000x600.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Dollar to naira exchange rate today" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2021/10/nigerian-naira-1000x600.jpg 1000w, https://www.naijanews.com/wp-content/uploads/2021/10/nigerian-naira-590x354.jpg 590w, https://www.naijanews.com/wp-content/uploads/2021/10/nigerian-naira-400x240.jpg 400w" sizes="(max-width: 1000px) 100vw, 1000px" /></p>
<h2>The <a href="https://www.naijanews.com/topic/naira/">Nigerian Naira</a> has appreciated significantly against the US dollar, marking a 0.90 per cent increase as the official foreign exchange (FX) market saw a surge in supply this Tuesday.</h2>
<p>According to data from the FMDQ Securities Exchange, the Naira closed at N1,603.38 per dollar, a significant improvement from Monday's rate of N1,617.96 at the Nigerian Autonomous Foreign Exchange Market (NAFEM).</p>
<p>The intraday trading witnessed the Naira climbing to a high of N1,637 per dollar from Monday's low of N1,650/$1, and the day's lowest exchange rate also strengthened, closing at N1,425.35 compared to N1,511 the day before.</p>
<p>This appreciation was fueled by a 27.09 percent increase in the dollar supply in the market. On Tuesday, transactions totaled $122.18 million, a substantial rise from $96.13 million recorded on Monday.</p>
<p>Contributors to this supply include banks and other willing sellers and buyers in the FX market.</p>
<p>Parallel market figures also mirrored this positive trend, with the Naira appreciating by 0.81 percent to the average of N1,605 against the dollar.</p>
<p>Exchange rates in this sector saw dollars being traded within a range of N1,600 to N1,612.</p>
<p>Market analysts link this fortuitous uptick to the Central Bank of Nigeria's (CBN) recent decision to hike the Monetary Policy Rate by 400 basis points to 22.75 percent, up from 18.75 percent, to combat persistently high inflation rates among other economic challenges.</p>
<p>Despite these gains, concerns remain about the Naira's stability. The Economist Intelligence Unit (EIU) highlights ongoing challenges such as high inflation, negative real interest rates, and a scarcity of foreign reserves that continue to undermine confidence in the Naira, even after a 45 percent devaluation in February.</p>
<p>The EIU forecasts caution against expecting another devaluation but suggest that foreign borrowing might be leveraged to bolster foreign reserves, potentially stabilizing the Naira towards the end of 2024.</p>
<p>Looking forward, the EIU predicts a gradual weakening of the Naira, projecting an exchange rate of N1,770:US$1 by the end of 2024 and N1,817:US$1 by the end of 2025.</p>
<p>The report also forecasts a more significant depreciation by 2028, with an expected rate of N2,381:US$1, attributed to monetary and fiscal policy challenges and fluctuating world oil prices.</p>
<p>The post <a href="https://www.naijanews.com/2024/03/13/naira-strengthens-by-0-90-as-dollar-supply-increase/">Naira Strengthens By 0.90% As Dollar Supply Increase</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
<p>Until her appointment, she was an Executive Director and General Counsel for Mobil Producing Nigeria Unlimited and Esso Exploration and Production Nigeria Limited.</p>
<p>The post <a rel="nofollow" href="https://www.arise.tv/exxonmobil-appoints-adesua-dozie-vice-chairman-of-nigerian-affiliates/">ExxonMobil Appoints Adesua Dozie Vice-Chairman of Nigerian Affiliates</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>