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Counter-Terrorism Authorities Foil Bomb Plot Outside U.S. Bank in Paris.

France’s national counter-terrorism prosecutor’s office (PNAT) has launched a high-priority investigation after police intercepted a man attempting to detonate an improvised explosive device outside a Bank of America branch in central Paris early Saturday morning.
The Incident
At approximately 3:30 AM CET, patrolling officers intervened on Rue de la Boétie in the city’s 8th arrondissement. The suspect was apprehended just moments after placing a device consisting of five liters of flammable liquid and a manual ignition system near the entrance of the American financial institution.
The location sits in a high-profile district, situated only a few blocks from the Champs-Élysées, an area frequented by tourists and international businesses.
The Investigation
Interior Minister Laurent Nuñez confirmed that the nature of the device and the target led to the immediate involvement of France’s domestic intelligence service, the DGSI, alongside the Paris judicial police.
“Vigilance remains more than ever at a high level,” Nuñez stated, praising the “speedy and decisive” action of the responding officers.
Context of High Alert
The foiled attack comes at a time of heightened security across Europe. Minister Nuñez specifically cited the “current international situation” and regional tensions involving Iran as primary reasons for the sustained state of domestic vigilance in France.
The suspect remains in custody as authorities work to determine his motives and whether he acted alone or as part of a larger cell.
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Bank of Ghana Slashing Policy Rate to 14% as Inflation Hits Record Lows.

ACCRA — In a move to further stimulate economic growth and capitalize on rapidly cooling inflation, the Bank of Ghana’s Monetary Policy Committee (MPC) has announced a 150 basis point (bps) cut to its benchmark policy rate, bringing it down to 14%.
The decision, announced on Wednesday following the committee’s 129th regular meeting, comes as Ghana’s headline inflation plummeted to 3.3% in February 2026. This marks the 14th consecutive monthly decline, a stark contrast to the hyperinflationary pressures the country faced just two years ago.
Easing Cycle Continues
While the committee was not unanimous—with four members explicitly pushing for the 150bps reduction—the consensus reflected a growing confidence in the country’s macroeconomic stability. Bank of Ghana Governor, Dr. Johnson Asiama, noted that the high prevailing real interest rates provided ample “scope to ease” without risking a resurgence of price volatility.
“Domestic macroeconomic conditions have improved significantly, with a sustained pickup in economic activity,” Dr. Asiama stated during the press briefing. “The real Composite Index of Economic Activity recorded an annual growth of 8.4% in January 2026, signaling a robust recovery.”

Despite the domestic optimism, the MPC cautioned that external risks remain on the horizon. The committee highlighted rising geopolitical tensions in the Middle East as a primary concern, noting that potential disruptions to global supply chains and oil prices could impact the medium-term inflation target of 6% to 10%.

The rate cut is expected to provide immediate relief to the private sector. Average bank lending rates have already seen a sharp decline, falling to 19.2% in February 2026 from over 30% a year prior. Financial analysts expect this latest cut to further reduce the cost of borrowing, encouraging investment and consumer spending as the 2026 fiscal year progresses.
The Committee confirmed it will continue to monitor global developments closely, with the next MPC meeting scheduled for May 2026.

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