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US Treasury Announces End To Penny Production

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The Treasury Department has said the production of one cent coins will end in the US in 2026.

This announcement marks the phasing out of the coins, commonly known as pennies, which have been in circulation for more than 200 years.

President Donald Trump had told the Treasury Secretary, Scott Bessent, in February to stop minting the coins, which he said were wasteful, the BBC reported.

There has been a long debate over the cost and usefulness of pennies in the US.

In January, Elon Musk’s unofficial Department of Government Efficiency (Doge) drew attention to the cost of minting pennies in an X post.

Age-Long Currency

 

The penny, which entered circulation in 1793, was one of the first coins made by the US Mint.

However, according to the Treasury, the cost of producing it has risen from 1.3 cents to 3.69 cents per coin over the past 10 years.

The Mint estimates that stopping production will result in an immediate annual saving of $56m (£42m) in reduced material costs.

According to critics of the zinc and copper coinproducing it is a waste of money and resources, but those who want to keep it argue it keeps prices lower and boosts fund-raising for charities.

According to the Wall Street Journal (WSJ), who first reported the story, the phasing out of the coins will mean businesses will need to round prices up or down.

“Confirming the WSJ story, the Treasury has made its final order of penny blanks this month and the United States Mint will continue to manufacture pennies while an inventory of penny blanks exists,” a Treasury spokesperson was quoted by the BBC as saying.

Other countries have discontinued similar coins. Citing the cost of minting it and its falling purchasing power due to higher prices, Canada ditched its one-cent coin in 2012.

The declining use of cash meant the United Kingdom minted no new coins in 2024; this came after officials decided there were already enough coins circulating.

Although the UK Treasury has said that £1 or £2 coins were not being scrapped, with more people living cashless lives, there have been several years when the £2 coins were not produced.

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Ghana Repatriates 327 Citizens Displaced By Abidjan Demolitions

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Ghana said Friday it was repatriating 327 nationals from Ivory Coast after they were displaced by demolitions in Abidjan, where authorities have been clearing settlements in a push to “restore urban order”.

 

Ghana’s foreign ministry said 228 Ghanaians had arrived on Thursday after being evacuated from the Port-Bouët district of the Ivorian economic capital.

Home to an estimated six million to seven million people, about double its population in the late 1990s, Abidjan has undergone a construction boom, including in neighbourhoods vulnerable to deadly seasonal flooding.

Ivorian officials say the demolition operation targets informal settlements built in disaster-prone areas and aims to prevent loss of life from flooding and landslides.

But it has displaced dozens of families, raising concerns about its humanitarian impact and access to shelter for those who have been uprooted.

“The Government of Ghana is repatriating… 327 Ghanaians who were affected by the ongoing mass demolition exercise,” the ministry said in a statement.

The remaining evacuees were expected to return on Friday, with authorities providing buses and trucks free of charge to transport them and their belongings.

The repatriated Ghanaian nationals “were previously residing in areas affected by the demolition exercise and became stranded having lost their sources of livelihood”, the statement added.

Ghana said its diplomatic mission in Abidjan was coordinating the evacuation and would remain engaged with Ivorian authorities, who have indicated plans to compensate those affected.

West African countries share strong migration ties, with many Ghanaians living and working in Ivory Coast.

 

 

 

AFP

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Snubbed Somali Reffere Gets New UEFA Appointment

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UEFA has appointed Somali referee Omar Artan to officiate the 2026 UEFA Super Cup just days after he was denied entry into the United States and ruled out of the 2026 FIFA World Cup.

 

Artan, who was set to become the first Somali referee to officiate at a FIFA World Cup, will take charge of the UEFA Super Cup clash between UEFA Champions League winners Paris Saint-Germain and UEFA Europa League champions Aston Villa in Salzburg, Austria, on August 12.

Announcing the appointment on Thursday, UEFA said the decision followed discussions with the Confederation of African Football (CAF) under a recently signed cooperation agreement between the two bodies.

The 34-year-old has been on FIFA’s international referees list since 2018 and was named CAF Men’s Referee of the Year in 2025. Among the biggest matches of his career was the second leg of the 2025/26 CAF Champions League final.

UEFA President Aleksander Čeferin praised the Somali official, describing him as one of the leading young referees in world football.

“Omar Artan is an excellent young but already experienced referee, who has proven himself at the highest competition level of the Confederation of African Football,” Čeferin said.

“Football is made to connect people, and UEFA wants to show its respect to Omar and his outstanding officiating skills, which had earned him such a prestigious nomination.”

CAF President Patrice Motsepe also welcomed the decision, saying Artan had made Somalia and Africa proud through his achievements on the international stage.

“Omar Artan has made Somalia and the entire people of the African continent extremely proud,” Motsepe said.

“This is a great honour for Omar Artan and for African referees and is also an excellent example of football bringing together and uniting people from Africa and Europe and worldwide.”

The appointment comes amid continuing debate over Artan’s exclusion from the FIFA World Cup. The Somali referee was among the officials selected for the tournament but was denied entry at Miami International Airport despite holding a valid visa and FIFA accreditation.

Artan later revealed he underwent an 11-hour immigration interview before being detained and placed on a return flight. FIFA subsequently confirmed that he would be unable to officiate at the World Cup, making his case one of several controversies surrounding the tournament, alongside Iran’s complaints over revoked fan ticket allocations and visa-related concerns affecting participating nations.

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Shocking! Ipswich Manager Resigns After EPL Promotion + Fulham Link

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Kieran McKenna, the Manager of Ipswich football club has reportedly made the shock decision to step down at newly promoted Ipswich and will take a break from football.

 

McKenna, 40, has been a revelation at Ipswich, taking them from League One to the Premier League before relegation back to the Championship in 2024-25.

The Northern Irishman has now brought them back to the English top flight, but has been heavily linked with a move away to Fulham.

Per The Athletic, McKenna has now made the shock decision to step down at Ipswich and will take a break from football.

The former Man United coach still had two years left to run on his deal at the club, and Ipswich are understood to be financially protected should he decide to take a new job within the next 12-months.

Speaking on the club’s side, McKenna said: “It is with a mixture of gratitude, pride, sadness and contentment that I have decided to step down from the honour of managing this historic football club.

“When you have the connection that we have built at this club there is never a good time to say goodbye.

“However, having achieved a second promotion to the Premier League last season, with another memorable final day in our stadium, and after reflection over the last couple of weeks, I feel this is the right time for me to step aside.

“I do so with great pride at the incredible progress we have made and with huge hope and optimism for the future of the club.

“To manage this club has been an absolute privilege. Over the last five seasons we have been on an incredible journey that has brought so many of the best experiences in my professional and personal life.

“After giving so much to the role over the previous five seasons, I now look forward to taking a break from management and dedicating some time to my family, who have been with me every step of my career so far.

“There are so many people I would like to thank who have played their part in this journey. Firstly, to Mark Ashton and the Board for giving me the opportunity, at 35 years old, to manage such a massive football club, and for the unwavering support and trust they have shown ever since.

“To my coaching staff and all the wonderful staff at Portman Road and our Playford Road training centre, who work tirelessly to progress the club in every way. To all of the players who have represented the club with professionalism and passion over the past five years.

“Most importantly, thank you to the amazing fans and supporters of Ipswich Town. You have followed this football club through wonderful highs and difficult lows.

“I will be forever grateful for the way that you welcomed myself and my family, both to the football club and to the county of Suffolk. I will cherish the memories that we have shared together for the rest of my life.

“Ipswich Town will always have a special place in our hearts.”

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