Sunday 22 October 2017

Ghana

(AFP (eng) 10/21/17)
The killing of four American special operations soldiers in Niger has highlighted the increasing role elite units are playing across Africa, which is rapidly becoming a major center of US military action. Their mission is to counter the advances of a slew of jihadist movements across the continent, including Al-Shabaab in Somalia, affiliates of the Islamic State group in the Sahel region and Boko Haram in Nigeria. Of the 8,000 special forces "operators" deployed globally this year, more than 1,300 are in Africa, according to officials from the US Special Operations Command (SOCOM), which is based in Tampa, Florida. Another 5,000 or so are in the Middle East. In five years, the number of US...
(Reuters (Eng) 10/20/17)
DAKAR (Thomson Reuters Foundation) - The #MeToo social media campaign to raise awareness about sexual harassment and abuse has sparked conversation in parts of Africa where domestic violence is rampant but strong cultural and religious taboos prevent women from admitting it. Prompted by sexual abuse allegations against American film mogul Harvey Weinstein, millions of women around the world have been sharing their experiences of harassment and abuse on Facebook and Twitter with the hashtag #MeToo. The movement has reached only a small part of the population in West Africa, but some women are participating in defiance of attitudes which dictate that being abused brings shame on the family, is a curse, or makes a woman unmarriageable. In Senegal, some women...
(AFP (eng) 10/18/17)
Rent-a-room giant Airbnb said Tuesday that it had provided accommodation for 1.2 million visitors to Africa over the last year -- double the previous year as tourism expands across the continent. The website now offers more than 100,000 accommodation options in Africa, global public affairs director Chris Lehane said on a visit to Johannesburg. "It's an incredibly rich and diverse continent, an incredibly dynamic place, certainly a big part of our future," Lehane told AFP. Airbnb was founded in 2008...
(Reuters (Eng) 10/17/17)
ACCRA (Reuters) - Ghana and Ivory Coast set up a body on Tuesday to implement an international tribunal ruling on their dispute over a border running through multibillion dollar offshore oilfields, they said in a statement. The International Tribunal for the Law of the Sea last month drew an ocean boundary that seemed to favour Ghana in a dispute with its neighbour Ivory Coast, ruling that Accra had not violated Ivorian rights in drilling for oil. “Following last month’s ruling,...
(AFP (eng) 10/17/17)
Though its motto is "one Africa, one voice", the reality of "Africa's parliament" could not be more different. Since its creation in 2004, the Pan-African Parliament (PAP) has struggled to make its voice heard, prompting its deputies to ask themselves at a recent gathering: "What are we for?" "Every time we're here, we obsess over the same things. If we are not making laws, then what's the point of being here?" Corneille Padonou of Benin said to his fellow parliamentarians...
(APA 10/16/17)
APA-Accra (Ghana) - The Ghanaian capital city, Accra is ready to receive Ivorian President Alassane Ouattara on Monday for a two-day working visit, APA learns here. Prior to his arrival, the Ghana Police Service has announced the closure of some ceremonial roads in the capital city, thereby drawing the attention of the motoring public to the visit of the Ivorian leader. The visit is coming barely a month after Ghana emerged victorious in a maritime dispute with Ivory Coast at...
(APA 10/16/17)
APA-Dakar (Senegal) - The president of the African Development Bank, Akinwumi Adesina, will deliver the Norman Borlaug Lecture on Monday 16 October as part of the World Food Prize events taking place from October 16 to 20, 2017 in Des Moines, Iowa, USA. The Norman Borlaug Lecture under the title: “Betting on Africa to Feed the World”, will be held on World Food Day, October 16, in conjunction with the annual World Food Prize celebration. AfDB President Adesina will receive...
(AFP (eng) 10/13/17)
Ghana's government has promised the immediate closure of high-risk fuel stations after a tanker carrying natural gas caught fire and caused an explosion that killed seven. A total of 132 people were also injured in the blaze at the liquefied gas filling station in the Legon area of Accra last Saturday, which spread to a nearby petrol station. Ghana's presidency said it was the ninth such incident in the last three years. The deadliest was in June 2015, when more...
(AFP (eng) 10/13/17)
Forward Eric Ayiah scored twice as Ghana crushed India 4-0 to knock the hosts out of the Under-17 FIFA World Cup in New Delhi on Thursday. Ayiah scored a goal in each half -- in the 43rd and 52nd minute -- to lead the two-time champions into the last-16 stage of the 24-nation event. After Aiyah's dominating show, strikers Richard Danso and Emmanuel Toku piled on the agony for the hosts with goals in the 86th and the 87th minute...
(APA 10/12/17)
APA-Accra (Ghana) - The President of Benin, Mr. Patrice Guillaume Talon, on Wednesday paid a one-day visit to Ghana to help deepen the ties between the two countries. President Talon, who was received on arrival in Accra by Ghanaian leader, Nana Addo Dankwa Akufo-Addo, inspected a guard of honour and later proceeded to the seat of government, where they held a closed door meeting. The Ghanaian Times reported on Thursday that the bilateral meeting proposed a closer collaboration between the...
(AFP (eng) 10/12/17)
Ghana is facing calls to update its laws on wildlife crime after fears the country has become a transit route for the illegal trade in pangolin scales. More than 31,000 kilograms (68,000 pounds) of scales from the nocturnal mammal have been seized across the world this year, according to the International Fund for Animal Welfare (IFAW). In May and June, two major seizures were made in Malaysia, with at least 700 kg found to have been shipped through Ghana. Massive...
(Reuters (Eng) 10/12/17)
DAKAR (Thomson Reuters Foundation) - West Africa is most at risk of fatal haemorrhagic fever epidemics, including Ebola, researchers said on Wednesday, calling for greater preparedness to save lives. A study in The Lancet medical journal assessed the likelihood of four viruses - Ebola, Lassa, Marburg and Crimean-Congo - spreading on the continent, charting progress from a first human case through to a potential pandemic. The world’s worst recorded Ebola outbreak ravaged Guinea, Liberia and Sierra Leone between 2013 and...
(AFP (eng) 10/10/17)
Economic growth in sub-Saharan Africa is set to accelerate to 3.4 percent next year, the International Monetary Fund said Tuesday, citing Nigeria's recovering oil and agricultural sectors. The IMF said in its latest World Economic Outlook report that the region would grow by 2.6 percent this year after 1.4 percent in 2016. "Growth is expected to rise gradually," it said, while noting that the rate would be uneven and "barely above population growth". GDP in the west African powerhouse Nigeria...
(AFP (eng) 10/08/17)
Ghanaians on Sunday pushed the government to improve safety at fuel stations after four people were killed when a tanker truck carrying natural gas caught fire in the nation's capital, triggering explosions. The fire and blasts gutted a liquefied gas filling station and a nearby petrol station in the Atomic Junction area of the Legon suburb of Accra on Saturday night, sending local residents fleeing. President Nana Akufo-Addo tweeted: "The news of last night's gas explosion at Atomic Junc, resulting in the loss of 4 lives & injuries to several others, has left me devastated.
(AfricaNews 10/05/17)
Ghana’s presidency, Flagstaff House and its lawmaking chamber will soon be depending on solar energy as a source of power. Local media portal, Starrfm quotes the Energy Minister, Boakye Agyarko, as confirming the move saying it was the right signal to the rest of the nation. His comments follow the ratification of a framework agreement on renewable energy by the government. “It makes a lot of sense that in order to utilize our solar and produce the necessary demonstration effect...
(Reuters (Eng) 10/05/17)
NAIROBI (Reuters) - Hilton Worldwide Holdings Inc. (HLT.N) plans to spend $50 million over the next five years to add 100 hotels to its chain in Africa, it said on Thursday, joining other chains keen to tap growing business and international travel on the continent. One property will open in the Kenyan capital Nairobi by the end of this year and another in the Rwandan capital Kigali in 2018, it said in a statement. There was 11 percent growth in...
(APA 10/05/17)
APA-Accra (Ghana) - The Ghanaian press on Thursday focuses on finance minister’s directive to various Metropolitan, Municipal and District Assemblies (MMDAs) on the need to promote good governance. The Daily Graphic says that Finance Minister Ken Ofori-Atta has noted that government will not tolerate corruption and wasteful spending at the various MMDAs in an effort to promote good governance. In that light, government will crack the whip on any assembly found culpable of indulging in any activity that has a...
(APA 10/05/17)
APA-Addis Ababa (Ethiopia) - The African Union (AU) will on Thursday endorse reports and recommendations on Agriculture, Rural Development, Water and Environment (ARWE) made by experts and senior officials in a meeting held on Monday and Tuesday. The endorsement will take place during the ministerial session of the AU’s Specialized Technical Committee on ARWE that opened on Thursday in Addis Ababa under the theme “Improve environmental sustainability and transform agriculture to ensure food and nutrition security.” These include policy papers...
(Bloomberg 10/04/17)
Ghana’s banks face a daunting race to meet new capital rules by the end of next year. Lenders will need to raise 9 billion cedis ($2 billion), which the local equity and debt market is too small to supply, according to George Bodo, the head of banking research at Ecobank Capital Ltd. in Nairobi, Kenya. While it may trigger mergers and acquisitions among the West African nation’s 34 banks, many will struggle to meet the requirement or complete deals on...
(AFP (eng) 10/01/17)
Like many people around the world, 80-year-old Kofi Afadi can't start his morning without a cup of coffee. "Every morning when I take coffee I feel happy and go about my day," the farmer told AFP in his village in the green hills between Lake Volta in Ghana and the border with Togo. "When there is no coffee it seems I am the most miserable person around here," he said. In common with many of his fellow coffee farmers, Afadi,...

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(AFP (eng) 10/21/17)
The killing of four American special operations soldiers in Niger has highlighted the increasing role elite units are playing across Africa, which is rapidly becoming a major center of US military action. Their mission is to counter the advances of a slew of jihadist movements across the continent, including Al-Shabaab in Somalia, affiliates of the Islamic State group in the Sahel region and Boko Haram in Nigeria. Of the 8,000 special forces "operators" deployed globally this year, more than 1,300 are in Africa, according to officials from the US Special Operations Command (SOCOM), which is based in Tampa, Florida. Another 5,000 or so are in the Middle East. In five years, the number of US...
(Reuters (Eng) 10/20/17)
DAKAR (Thomson Reuters Foundation) - The #MeToo social media campaign to raise awareness about sexual harassment and abuse has sparked conversation in parts of Africa where domestic violence is rampant but strong cultural and religious taboos prevent women from admitting it. Prompted by sexual abuse allegations against American film mogul Harvey Weinstein, millions of women around the world have been sharing their experiences of harassment and abuse on Facebook and Twitter with the hashtag #MeToo. The movement has reached only a small part of the population in West Africa, but some women are participating in defiance of attitudes which dictate that being abused brings shame on the family, is a curse, or makes a woman unmarriageable. In Senegal, some women...
(AFP (eng) 10/13/17)
Ghana's government has promised the immediate closure of high-risk fuel stations after a tanker carrying natural gas caught fire and caused an explosion that killed seven. A total of 132 people were also injured in the blaze at the liquefied gas filling station in the Legon area of Accra last Saturday, which spread to a nearby petrol station. Ghana's presidency said it was the ninth such incident in the last three years. The deadliest was in June 2015, when more...
(AFP (eng) 10/12/17)
Ghana is facing calls to update its laws on wildlife crime after fears the country has become a transit route for the illegal trade in pangolin scales. More than 31,000 kilograms (68,000 pounds) of scales from the nocturnal mammal have been seized across the world this year, according to the International Fund for Animal Welfare (IFAW). In May and June, two major seizures were made in Malaysia, with at least 700 kg found to have been shipped through Ghana. Massive...
(Reuters (Eng) 10/12/17)
DAKAR (Thomson Reuters Foundation) - West Africa is most at risk of fatal haemorrhagic fever epidemics, including Ebola, researchers said on Wednesday, calling for greater preparedness to save lives. A study in The Lancet medical journal assessed the likelihood of four viruses - Ebola, Lassa, Marburg and Crimean-Congo - spreading on the continent, charting progress from a first human case through to a potential pandemic. The world’s worst recorded Ebola outbreak ravaged Guinea, Liberia and Sierra Leone between 2013 and...
(AFP (eng) 10/08/17)
Ghanaians on Sunday pushed the government to improve safety at fuel stations after four people were killed when a tanker truck carrying natural gas caught fire in the nation's capital, triggering explosions. The fire and blasts gutted a liquefied gas filling station and a nearby petrol station in the Atomic Junction area of the Legon suburb of Accra on Saturday night, sending local residents fleeing. President Nana Akufo-Addo tweeted: "The news of last night's gas explosion at Atomic Junc, resulting in the loss of 4 lives & injuries to several others, has left me devastated.
(APA 10/05/17)
APA-Accra (Ghana) - The Ghanaian press on Thursday focuses on finance minister’s directive to various Metropolitan, Municipal and District Assemblies (MMDAs) on the need to promote good governance. The Daily Graphic says that Finance Minister Ken Ofori-Atta has noted that government will not tolerate corruption and wasteful spending at the various MMDAs in an effort to promote good governance. In that light, government will crack the whip on any assembly found culpable of indulging in any activity that has a...
(APA 10/05/17)
APA-Addis Ababa (Ethiopia) - The African Union (AU) will on Thursday endorse reports and recommendations on Agriculture, Rural Development, Water and Environment (ARWE) made by experts and senior officials in a meeting held on Monday and Tuesday. The endorsement will take place during the ministerial session of the AU’s Specialized Technical Committee on ARWE that opened on Thursday in Addis Ababa under the theme “Improve environmental sustainability and transform agriculture to ensure food and nutrition security.” These include policy papers...
(AFP (eng) 10/01/17)
Like many people around the world, 80-year-old Kofi Afadi can't start his morning without a cup of coffee. "Every morning when I take coffee I feel happy and go about my day," the farmer told AFP in his village in the green hills between Lake Volta in Ghana and the border with Togo. "When there is no coffee it seems I am the most miserable person around here," he said. In common with many of his fellow coffee farmers, Afadi,...
(Graphic Online 09/29/17)
The Forum for Public Sector Registered Pension Scheme has suspended its intended indefinite nationwide strike slated to begin today. The strike was intended for the forum to press home its demand on the government to transfer funds belonging to it from the Temporary Pension Fund Account (TPFA) with the Bank of Ghana (BOG) into the accounts of the four fund managers responsible for the public sector occupational pension scheme. “The forum has resolved to suspend temporarily the intended September 29,...
(AfricaNews 09/28/17)
Ghanaian President Nana Addo Dankwah Akufo-Addo has called on the police to drop an “incitement” case against man arrested for sharing an audio on social media accusing him of being a marijuana smoker. The popular opposition National Democratic Congress (NDC) party member Frank Kwaku Appiah was arrested on Tuesday in the Ashanti Region and transferred to the police headquarters in the capital Accra for intent to “cause fear and panic” with the publication on Facebook, his lawyer explained to local...
(AFP (eng) 09/27/17)
Hundreds of Togolese nationals have fled to neighbouring Ghana to escape reprisals after a wave of anti-government protests, a Ghanaian official said on Wednesday. Paddy Tetteh, from the Ghana Refugee Board, said the first batch arrived last Wednesday and although numbers had since fallen, more were still trying to come in. "They are close to 300," he told AFP. Most were in the northern district of Chereponi, close to Ghana's eastern border, he added. Chereponi chief executive Abdul Razak Tahiru...
(AFP 09/27/17)
The villagers of Tafi Atome, in Ghana's Volta Region, grew up listening to tales of their spiritual links to the 1,000 or so mona monkeys that inhabit the surrounding lush forest. But they have also turned that reverence into revenue, by making the cheeky primates part of an eco-tourist attraction that benefits both animals and locals alike. Francis Acquaye, the manager of the Tafi Atome Monkey Sanctuary and Cultural Village, said the monkeys and the forest were considered sacred until...
(Reuters (Eng) 09/22/17)
From deadly droughts and destroyed crops to shrinking water sources, communities across sub-Saharan Africa are struggling to withstand the onslaught of global record-breaking temperatures. But the dangers do not end there. Rising heat poses another threat - one that is far less known and studied but could spark disease epidemics across the continent, scientists say. Mosquitoes are the menace, and the risk goes beyond malaria. The Aedes aegypti mosquito, which spreads debilitating and potentially deadly viruses, from Zika and dengue...
(Reuters (Eng) 09/21/17)
Makers of generic AIDS drugs will start churning out millions of pills for Africa containing a state-of-the-art medicine widely used in rich countries, after securing a multi-million dollar guarantee that caps prices at just $75 per patient a year. Global health experts hope the deal will help address two looming problems in the HIV epidemic - the rising threat of resistance developing to standard AIDS drugs, and the need for more investment in manufacturing capacity. Bill Gates’ charitable foundation will...
(Bloomberg 09/11/17)
The South African companies that dominate the U.K.’s growing private hospital industry are counting on more people like Katie Corrie. A children’s party entertainer, Corrie opted to use 13,000 pounds ($17,000) of her savings and inheritance to get a hip replacement rather than spend months on a National Health Service waiting list. Britons like her are forking out almost 1 billion pounds a year to cover their own medical expenses, a trend that’s giving at least one industry the scope...
(The Guardian Nigeria 09/08/17)
Internet Exchange Point of Nigeria (IXPN) has provided link with Ghana Internet Exchange Point thereby making it the first of such interconnection in the sub-region, Nigeria CommunicationsWeek has learnt. An Internet exchange point (IXP) is a physical infrastructure that allows several Internet Service Providers (ISPs) and network operators to exchange traffic between their networks, generally referred to as autonomous systems, by means of mutual peering agreements, which allow traffic to be exchanged at no cost. Reacting to this feat achieved...
(APA 09/08/17)
The Ghanaian press is awash with the announcement of the release of funds for the implementation of the free Senior High School (SHS) policy. The Daily Graphic said the Ministry of Finance has released more than 50 percent of the funds needed to kick-start the implementation of the free SHS programme introduced by the New Patriotic Party (NPP) government. The Ghanaian Deputy Minister of Finance, Mrs. Abena Osei-Asare, said GHc280 million ($65.12 million), representing half of the total amount of...
(APA 09/08/17)
Deprivation and marginalization, underpinned by weak governance, are primary forces driving young Africans into violent extremism, according to a comprehensive new study by the United Nations Development Programme (UNDP), the first study of its kind. Based on interviews with 495 voluntary recruits to extremist organizations such as Al-Shabaab and Boko Haram, the new study also found that it is often perceived state violence or abuse of power that provides the final tipping point for the decision to join an extremist...
(Graphic Online 09/07/17)
The National Population Council (NPC) has stated that contrary to misinformation attributed to it, the council is advocating a fewer number of children per couple, based on the target set in the National Population Policy. It, therefore, refuted the allegation that the NPC was proposing the development of a policy that would restrict the number of children a woman could have to three. It explained that the council was advocating the strict implementation of the existing National Population Policy to...

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(AFP (eng) 10/18/17)
Rent-a-room giant Airbnb said Tuesday that it had provided accommodation for 1.2 million visitors to Africa over the last year -- double the previous year as tourism expands across the continent. The website now offers more than 100,000 accommodation options in Africa, global public affairs director Chris Lehane said on a visit to Johannesburg. "It's an incredibly rich and diverse continent, an incredibly dynamic place, certainly a big part of our future," Lehane told AFP. Airbnb was founded in 2008 and offers accommodation ranging from single bedrooms to whole homes in 65,000 cities in 191 countries. The company announced Tuesday that it would invest $1 million (850,000 euros) in Africa by 2020 to "promote and...
(APA 10/16/17)
APA-Dakar (Senegal) - The president of the African Development Bank, Akinwumi Adesina, will deliver the Norman Borlaug Lecture on Monday 16 October as part of the World Food Prize events taking place from October 16 to 20, 2017 in Des Moines, Iowa, USA. The Norman Borlaug Lecture under the title: “Betting on Africa to Feed the World”, will be held on World Food Day, October 16, in conjunction with the annual World Food Prize celebration. AfDB President Adesina will receive the 2017 World Food Prize on Thursday October 19, announced a press release issued by the AfDB on October 16, which also said “the prize is to agriculture what the Nobel Prize is to peace, science and literature.” The World...
(AFP (eng) 10/10/17)
Economic growth in sub-Saharan Africa is set to accelerate to 3.4 percent next year, the International Monetary Fund said Tuesday, citing Nigeria's recovering oil and agricultural sectors. The IMF said in its latest World Economic Outlook report that the region would grow by 2.6 percent this year after 1.4 percent in 2016. "Growth is expected to rise gradually," it said, while noting that the rate would be uneven and "barely above population growth". GDP in the west African powerhouse Nigeria...
(Reuters (Eng) 10/05/17)
NAIROBI (Reuters) - Hilton Worldwide Holdings Inc. (HLT.N) plans to spend $50 million over the next five years to add 100 hotels to its chain in Africa, it said on Thursday, joining other chains keen to tap growing business and international travel on the continent. One property will open in the Kenyan capital Nairobi by the end of this year and another in the Rwandan capital Kigali in 2018, it said in a statement. There was 11 percent growth in...
(Bloomberg 10/04/17)
Ghana’s banks face a daunting race to meet new capital rules by the end of next year. Lenders will need to raise 9 billion cedis ($2 billion), which the local equity and debt market is too small to supply, according to George Bodo, the head of banking research at Ecobank Capital Ltd. in Nairobi, Kenya. While it may trigger mergers and acquisitions among the West African nation’s 34 banks, many will struggle to meet the requirement or complete deals on...
(AFP (eng) 09/29/17)
Government shutdowns of the internet have cost sub-Saharan Africa about $237 million since 2015, according to a study released Friday, as authorities increasingly implement planned disruptions. At least 12 countries have had internet shutdowns, often before elections or when protests erupt, with mobile internet networks most recently suspended in Togo during opposition demonstrations. "Internet disruptions, however short-lived, undermine economic growth, disrupt the delivery of critical services, erode business confidence, and raise a country’s risk profile," the CIPESA report said. The Collaboration on International ICT Policy for East and Southern Africa (CIPESA) released its...
(Bloomberg 09/28/17)
Ivory Coast President Alassane Ouattara will propose to his counterpart in Ghana that the two neighboring countries and world’s biggest cocoa producers narrow a gap in producer prices to discourage smuggling of beans, according to a person familiar with the matter. Ouattara will call Ghanaian President Nana Akufo-Addo on Thursday before Ivory Coast announces a new minimum price for cocoa purchases on Oct. 1, said the person, who asked not to be identified because he’s not authorized to speak about...
(Citifmonline 09/28/17)
Ghana’s economy recorded strong growth in the second quarter of this year, much higher than the previous quarter. New figures recorded by the Ghana Statistical Service reveal that Ghana grew by 9.0 percent as compared to the same period last year which had a growth of 1.1 percent. Industry led the growth followed by the services sector. The growth recorded in 2017 second quarter is an astronomical jump from the figure recorded in the first quarter this year. In the...
(Citifmonline 09/28/17)
Energy Minister Boakye Agyarko has stated that government will reduce electricity tariff in the national budget which will be presented before parliament in November this year. Mr. Agyarko explained that government could not reduce the tariff in this year’s budget due to moves to stabilize power supply in the country. Speaking at a conference in Accra, Mr. Agyarko assured that government is working to input the tariff reduction in the budget to bring relief to businesses and domestic uses. “On...
(Myjoyonline 09/27/17)
The total value of goods and services produced in the country ending June this year witnessed its biggest growth in a long while. Figures released by the Ghana Statistical Service put the year -on- year growth at 9 percent. This is the biggest increase in GDP growth based on figures published by the Statistical Service over the last two years. The Statistical Service attributes the expansion to some significant growth in the mining and quarrying sector, oil and gas production,...
(Reuters (Eng) 09/27/17)
Ghana’s gross domestic product (GDP) growth was 9.0 percent in the second quarter of 2017 compared to 6.6 percent in the previous three months, the statistics office said on Wednesday. For years, Ghana’s economy grew at around 8 percent per year, but it slowed sharply in 2014 due to lower prices for its commodity exports and a fiscal crisis that forced the government to sign a $918 million credit programme with the International Monetary Fund. The growth figure is subject...
(Mining Weekly 09/27/17)
Aim-listed Goldstone Resources is raising £1.5-million to advance the development of its Homase-Akrokerri project, in Ghana. The funds will be raised by way of a subscription for 100-million new ordinary shares at 1.5p a share with new and existing shareholders. The subscription shares will represent about 40.17% of the company's enlarged issued share capital. Private contract miner BCM Investment (BCM) is subscribing for 50-million of the subscription shares, representing about 20.08% of the company's issued share capital. “We are delighted...
(Dw-World 09/27/17)
After an international maritime court backed Ghana in a dispute with Ivory Coast over claims to oil fields in the Gulf of Guinea, Ghanaians hope they will profit from the country's oil wealth. Isaac Kaledzi reports. Ghana and neighboring Ivory Coast have been arguing over who owns which oil field in the Gulf of Guinea for years. On Saturday, the Hamburg-based International Tribunal for the Law of the Sea (ITLOS) ruled Ghana did not violate maritime borders by conducting oil...
(Bloomberg 09/27/17)
Studio 189, a label founded by actress Rosario Dawson and fashion executive Abrima Erwiah, is reinvesting in its African roots. It’s hard enough to build a fashion brand, let alone an empire. Rare is the person who makes a mission of using fashion to build communities. Such is the case with Studio 189, a label founded by longtime friends Abrima Erwiah (formerly a marketing executive at Bottega Veneta) and Rosario Dawson (an enduring star most recently seen in Netflix’s Marvel...
(Bloomberg 09/26/17)
Ghana’s central bank kept its key lending rate at the lowest since 2015 after inflation accelerated for the first time in four months. The Bank of Ghana left the rate at 21 percent, Governor Ernest Addison told reporters Monday in the capital, Accra. Two of seven economists in a Bloomberg survey predicted the hold, while the rest forecast cuts ranging from 50 to 100 basis points. The central bank of West Africa’s biggest economy after Nigeria’s had reduced the key...
(APA 09/26/17)
The Executive Secretary of the Ghana Free Zones Board (FZB), Mr. Michael Okyere Baafi, has said that his organisation is targeting $6 billion in export revenue next year. He noted that the board garnered $2.3 billion in export revenue in 2016 and has put in place measures to improve on the figure this year. According to an interview published by the Daily Graphic on Tuesday, the FZB is making efforts to attract investors from Asia and Eastern Europe to the...
(Reuters (Eng) 09/26/17)
Israel’s Elbit Systems Ltd said on Tuesday it won a contract worth $240 million to provide a wide array of defense electronic systems to an unnamed country in Africa. The contract, which will be carried out over a two-year period, is comprised of Directed Infra-red Counter Measure (DIRCM) systems to protect aircraft from shoulder fired missiles, based on passive infrared systems, and includes missile warning systems, radio and communication systems, land systems, mini-unmanned air systems and helicopters upgrade.
(AFP (eng) 09/25/17)
Tullow Oil said Saturday it would restart drilling by the end of the year after a ruling in a maritime boundary dispute between Ghana and Ivory Coast. The International Tribunal for the Law of the Sea found that "Ghana did not violate the sovereign rights" of Ivory Coast by drilling for oil in the region. The Hamburg-based court precisely mapped the maritime border and backed Ghana on the principle that the boundary line be based on equidistance. "Tullow will now...
(Ghana Web 09/25/17)
In the background of the issuance of the 2015 and 2016 bonds, Ghana’s financing of the $750 million 2007 bond, was at stake because of the maritime dispute with Côte d’Ivoire at the International Tribunal of the Law of the Sea. A former Finance Minister, Seth Terkper, revealed on the Citi Breakfast Show that the litigation at ITLOS was a point of interest in the issuing of these bonds, to the extent that confidential information had to be divulged. Although...
(Reuters (Eng) 09/25/17)
Africa’s biggest independent oil producer, Tullow Oil, is back on track to expand its flagship oilfields off Ghana’s coast after a two-year drilling block due to a border dispute. The news sent Tullow’s shares to the highest in four months, last trading at 189.6 pence, up 6.3 percent from Friday’s close, on an expected revenue boost from higher production although the company did not give details. Tullow said it will resume drilling at the Tweneboa, Enyenra and Ntomme (TEN) oilfields...

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(AFP (eng) 10/13/17)
Forward Eric Ayiah scored twice as Ghana crushed India 4-0 to knock the hosts out of the Under-17 FIFA World Cup in New Delhi on Thursday. Ayiah scored a goal in each half -- in the 43rd and 52nd minute -- to lead the two-time champions into the last-16 stage of the 24-nation event. After Aiyah's dominating show, strikers Richard Danso and Emmanuel Toku piled on the agony for the hosts with goals in the 86th and the 87th minute. Ghana enjoyed 60 percent posession in the game as inexperienced India, playing their first-ever FIFA World Cup in any division, could hardly breach their defence. It was India's third straight defeat in the first round...
(Zambia Reports 09/29/17)
The Chipolopolo boys will set up base in Ghana ahead of the crucial Russia 2018 FIFA World Cup against Nigeria. According to the itinerary availed to Fazfootball.com, the local player players summoned for duty will leave for Ghana on Sunday and set up base in Accra where foreign based players will join from. On Wednesday the team will head to Nigeria ahead of Saturday’s showdown in Uyo where the match will be staged at the God’s Will Akpabio Stadium. Nigeria leads Group B on 10 points while Zambia is second on seven points with Cameroun on three points while Algeria is stuck at the bottom with one point. Coach Wedson Nyirenda is expected to announce his final team on Friday...
(Ghana Web 09/25/17)
Ghana are favourites to host the 2018 Championship of African Nations (CHAN) following the successful hosting of the 2017 WAFU Nations Cup, GHANAsoccernet.com understands. The four-time African champions are likely to be handed the opportunity after Kenya were stripped of the right due to political unrest and lack of facilities. The decision to strip the East African country of the right to host the continental championship has led to odds being issued on who could replace them. There has been...
(Ghana Web 09/20/17)
President of UD Las Palmas Miguel Angel Ramirez is ready to welcome Ghana forward Kevin-Prince Boateng back into the club's fold. The 30-year-old rescinded his contract with the Gran Canaria based club and joined German Bundesliga outfit Eintracht Frankfurt. The former AC Milan attacker cited family reasons for his untimely departure and vowed to one day return to the club. The 15-time capped Ghana international's sentiments has been echoed by the club's president. "He gave it all to us, and...
(APA 09/15/17)
The Black Stars of Ghana are currently occupying 52nd position in the FIFA World ranking released for the month of September, APA learns here on Friday. The current position is the worst ever since Ghana entered the global ranking. After the 2006 World Cup tourney in Germany, Ghana was ranked 20th in the world, the best for the country. After slumming to the 50th position in August, Ghana has dipped further down, owing to poor performance of the Black Stars...
(BBC News Africa 09/13/17)
Ivory Coast and Benin were the last two teams to qualify for the group stage of the 2017 WAFU Cup of Nations in Ghana. The Ivorians progressed in the West African regional championship with a penalty shoot-out win over Togo after the goalless draw on Tuesday. Benin were 2-0 winners over Cape Verde in the final qualifier. The two winners join Senegal and Niger in Group B of the tournament, while hosts Ghana, Nigeria, Guinea and Mali will contest the...
(Reuters (Eng) 09/12/17)
Olympic boxing’s governing body, AIBA, has banned African confederation head Kelani Bayor for three years for allegedly provoking the crowd at the continental championships in Brazzaville last June. Bayor is an AIBA vice-president and executive committee member as well as chairman of Togo’s national Olympic committee. “The Disciplinary Commission found that a hostile and threatening reaction to AIBA officials by spectators after the result of a bout on the last day of the competition was exacerbated by comments from Mr...
(APA 09/11/17)
A 98th minute penalty strike from Vincent Atinga of Ghana was enough to beat their Gambian counterparts 1-0 in the opening game of the West African Football Union (WAFU) tournament in Cape Coast on Saturday afternoon. The victory ensures Ghana progresses to the group stage of the competition, which has assembled all the local football national teams in West Africa in Ghana. The game saw The Gambia defending well from the beginning, and the young Gambians frustrated the Ghanaians. The...
(Ghana Web 09/11/17)
Ghana captain Asamoah Gyan is beginning to think of when he will finally say good bye to the national team and there are reports that it could be after the 2019 Africa Cup of Nations. The 31-year-old is the longest serving player in Ghana’s national team having been with the team for the last fourteen years. However it is very clear that his influence and impact in the team is dwindling after another unimpressive performance against Congo in Kumasi and...
(Ghana Web 09/06/17)
Black Stars skipper Asamoah Gyan has admitted that his absence from the Ghana side that lashed Congo 5-1 in the 2018 World Cup qualifier played a key role in aiding the side to record the massive score line. A hat trick from Thomas Partey and a brace from Boakye-Yiadom gave Ghana a comprehensive win over the Red Devils despite the absence of Gyan and the Ayew brothers – Andre and Jordan. Many have argued that the absence of these players...
(Business Ghana 09/05/17)
Ghana's slim chances of a fourth consecutive World Cup appearance have suffered a further blow after four players pulled out of Tuesday's 2018 qualifier against Congo. This is a massive setback after the sides drew the first game 1-1 in Kumasi on the weekend, knocking Ghana's already slim chances of topping the group and qualifying for Russia. Captain Asamoah Gyan and defender Harrison Afful will travel with the rest of the squad to Brazzaville, but will not take part in...
(AFP (eng) 09/05/17)
Atletico Madrid midfielder Thomas Partey scored a hat-trick as Ghana hammered Congo 5-1 in Brazzaville Tuesday to keep alive their slim 2018 World Cup qualification hopes. Serbia-based Richmond Boakye bagged a brace as the Black Stars achieved their biggest away winning margin in an eliminator since a 4-0 triumph over Cape Verde 12 years ago. Vladis-Emmerson Illoy-Ayyet scored for Congo, who entered the Group E match at Stade Kintele confident of success after holding Ghana 1-1 in Kumasi last Friday.
(Myjoyonline 08/31/17)
Twenty-five players have been selected into the Black Stars 'B' team to begin camping on Thursday August 31 in Takoradi. The Black Stars 'B' are set to commence preparations for the upcoming WAFU tournament to be hosted by Ghana in September. Ghana will face Gambia in the preliminary round of the competition on September 9 with the winner advancing to the group stage. The tournament will be staged at the new Cape Coast Stadium from September 9-24. The squad will...
(Ghana Web 08/30/17)
Ghana has a faint hope of qualifying for the 2018 World Cup, and according to deputy sports minister Pius Enam Hazide, the previous NDC government must be held responsible for the current state of affairs. The Black Stars are five points adrift of group leaders Egypt and three behind Uganda, who play in Kampala on Thursday, leaving Ghana’s hopes of reaching the finals in Russia in 2018 in serious jeopardy. The NDC government supervised Ghana’s two group games in 2016...
(Ghana Web 08/29/17)
Turkey-based midfielder Emmanuel Agyemang-Badu has fired a disguised angry salvo at Ghana coach Kwesi Appiah for 'retiring' him from the Black Stars. The Bursaspor player seems to have heavily criticised Appiah's decision to exclude him from the national team, telling the Black Stars coach: 'you can't retire the King'. In his defiant posting on social media, Badu seems to conclude that Appiah's decision to drop him since taking over implies that he has been forced into international retirement. Timed to...
(Graphic Online 08/28/17)
Having failed to hit the back of the net in the opening two league games against Southampton and Manchester United, Swansea followed up their midweek four-goal cup victory at MK Dons with a 2-0 win at Crystal Palace. Jordan Ayew scored his first Premier League goal and made it 2-0 for the Swans after Tammy Abrahams had opened the scoring. The Ghanaian striker beat Wayne Hennessey with a low finish late in the second half after pouncing on a mistake...
(Ghana Web 08/24/17)
There was no official from the Ghana Football Association present at the inauguration the of the Kwasi Appiah Foundation that was held at the Accra City Hotel on Thursday. Information gathered by ghancrusader.com indicated that, the FA officials were involved in a crunch meeting at their secretariat which made it virtually impossible for them to attend the event. The Kwasi Appiah Foundation which was established in May seeks to help in the development of retired sports personalities through financial assistance,...
(APA 08/23/17)
Ghana’s resurrecting Kumasi Asante Kotoko Football Club will on Wednesday afternoon travel to the 'Lion's Den' to play WAFA in their 24 week outstanding premier league at Sogakope in the Volta Region of Ghana. Kotoko, go into the game after securing a 2-1 win against second tier side Nea Salamina in their FA Cup outstanding game last week, and are bent on continuing their winning streak. The team suffered a tragic accident in July and were excused from competitive football...
(Ghana Web 08/22/17)
Owner of Elmina Sharks and renowned politician, Dr. Papa Kwesi Ndoum, says the Ghana Football Association (GFA) must start promoting the league in order to attract sponsors. According to the business magnate, the Ghana FA must stop the concentration on the Black Stars and start promoting the domestic top-flight championship. “The Ghana Football Association doesn’t promote the league, the monies that they get from FIFA they must use it to promote the league,” Dr. Ndoum said on Asempa FM. “It...
(AFP (eng) 08/22/17)
Ghanaian international striker Raphael Dwamena is to sign for Premier League newboys Brighton and Hove Albion from Swiss outfit FC Zurich, the English club announced on Monday. The 21-year-old -- who is valued at £8million (8.7m euros, $10.3m) although Brighton did not reveal the transfer fee -- leaves Switzerland after just eight months at FC Zurich where he sparkled, scoring 12 goals last season as they regained their place in the Swiss top flight. Dwamena has also scored twice in five games so far this season in the Swiss Super League and has netted two goals in just three international appearances.

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(APA 09/25/17)
The settlement of the sea-boundary dispute between Ghana and Ivory Coast dominates the headlines of Ghanaian newspapers on Monday. The Daily Graphic, The B&FT and others dedicated their front pages to the dispute in which Ghana emerged victorious. The three-year dispute had to be settled by the Special Chamber of the International Tribunal for the Law of the Sea (ITLOS) through a unanimous decision. The court rejected all the claims put up by Ivory Coast and upheld that Ghana did not breach any international laws as well as disobeyed the court's order not to further drill oil wells in the disputed sea area. The tribunal generated a new boundary which will work in the interest...
(APA 09/15/17)
The Ghanaian press focuses on public sector workers unions outrage over second tier pension scheme funds transfer delays on Friday. The Daily Graphic states "Public Sector Workers Angry" and that the Forum of Public Sector Registered Pension Scheme has given the government up to September 29 this year to transfer funds belonging to its members from the Temporary Pension Fund Account Fund (TPAF) lodged with the Bank of Ghana (BoG) to the designated schemes or face strike action. It said anything short of this would compel the group to embark on industrial action beginning from September 29. The Chairman of the forum, Mr. Isaac Bampoe Addo, told a news conference that the group was frustrated and disappointed at the manner...
(Xinhuanet 09/13/17)
In an effort to promote economic development and solve complex conservation challenges facing world heritage sites, the African World Heritage Fund Patron and former President of Namibia Hifikepunye Pohamba will host a business leader's breakfast event in Namibian Capital, Windhoek on Thursday. The African World Heritage Fund is an initiative of the African Member States of the African Union and UNESCO, launched in 2006. Webber Ndoro, executive director of the African World Heritage Fund, at a media briefing on Tuesday...
(Ghana Web 09/11/17)
Anita Erskine has shared an extensive post talking about the ‘fragile’ side of popular radio and tv personality Valentina Agyeiwaa also known as Afia Schwarzenegger which most social media users have not had the privilege to observe. Award-winning women’s advocate, Anita Erskine has added her voice to celebrities seeking justice for fellow TV personality and actress, Afia Schwarzenegger, whose scandalous sexual video, allegedly recorded by her ex-husband, Lawrence Abrokwa for cheating went viral across all media platforms across the country...
(Citifmonline 09/07/17)
To the sound of roaring cheers and applause at the Labadi Beach Hotel, a 23 year-old graduate’s childhood dream came true when she was crowned Miss Universe Ghana 2017 at the pageant’s hugely anticipated grand finale. Ruth Quashie, a Business Administration graduate who hails from the Central Region eclipsed 120 young women from across Ghana with her ‘confidence, attentiveness and beauty’ to win the coveted title last Saturday (2nd September). Awarded to her in front of high profile guests and...
(Ghana Web 09/06/17)
It would seem that there is some truth in earlier reports that TV show host and comedienne, Afia Schwarzenegger was kicked out of her marital home by her husband after he reportedly caught her in bed with another man. YEN.com.gh earlier reported that a source close to the controversial celebrity had told Ghanaian celebrity gossip website, GhanaCelebrities.com of the development. However, barely days after the report went out, Afia Schwarzenegger took to social media to threaten to bring up a...
(APA 09/06/17)
The Ghanaian press on Wednesday focuses on heavy debts saddling the private sector following protracted power crisis and the frustration of parents over admission to Senior High Schools. The Business and Financial Times (B&FT) states that the delay in the payments to companies for finished government projects and almost a decade of power crisis in the country are responsible for high indebtedness of the private sector to banks. The newspaper quotes a Bank of Ghana (BoG) Industry Report for June...
(Ghana Web 09/05/17)
Comedian Funny Face, known in private life as Nana Yaw Oduro Boateng has incurred the wrath of many after subjecting his wife, Elizabeth Adjoa Ntim to public ridicule. One of such is controversial marriage counselor, George Lutterodt who described the comedian as “a stupid boy”. Funny Face broke up with his wife in 2016, ending what he said was two torturous years of marriage. He blamed himself for the outcome of the marriage, alleging his wife slept with some of...
(APA 09/04/17)
The introduction of paperless processes at the ports in Ghana and the demolition exercise dominate the headlines of Ghanaian press on Monday. The Daily Graphic states that the Ghana Port's programme to avoid paper transactions in goods clearance and other port services would be piloted in full on Monday. The newspaper says the system although introduced last Friday was not fully tested because it was a public holiday and added that during the weekend, two requests were received and attended...
(Ghana Web 08/29/17)
Musician and dancer Akosua Adjepong, after three decades, is still nursing a bitter dancing ‘beef’ with Reggie Rockstone. She still has scores to settle with the hiplife artiste who beat her at the Black Caesar Competition in 1983 in Osu, Accra. The ‘Frema’ hit singer is calling for a rematch with Reggie Rockstone because she believes that she was cheated on the day of the competition. Advertisement Reggie Rockstone emerged winner of that competition, Adjetey Sowah came second and Akosua...
(Ghana Web 08/22/17)
Prosperity Gospel Award winner Nayaah is back to steal the ears, hearts of her fans. Catching the attention of most of her hearers from the tender age of ten, Nayaah is set to lift spirits from earth to suspend listeners into the realm of glory during worship. She is yet to release her latest single on September 8, 2017 titled, "You are the Pillar". In Nayaah's life, she has proved more purpose and continuity despite the many challenges she has...
(APA 08/22/17)
The fear of bank depositing public in the face of two collapsed giant banks and others on Tuesday catches the attention of the press in Accra. The Business Week newspaper discusses the aftermath of the takeover of the GCB Bank of two prominent Ghanaian Banks, GT Bank and UT Bank for failure to meet Bank of Ghana's stipulated reserves. The paper states that due to the compulsory takeover of the two banks, depositors have started to worry because they do...
(Ghana Web 08/18/17)
Award-winning songwriter, Martin King Arthur, known in the music scene as Kofi Kinaata, has disclosed that he is hoping for the opportunity to have collaboration with renowned Ghanaian dancehall artiste, Stonebwoy. He disclosed that he sees Stonebwoy as a dancehall artiste with a vision and a good track record, hence his decision to do feature him in one of his upcoming songs. Speaking on Hitz FM in Accra, Kofi Kinaata stated that he is currently looking up to Stonebwoy to...
(AFP (eng) 08/10/17)
The skull of an infant ape buried by a volcano 13 million years ago has preserved intriguing clues about the ancestor humans shared with apes -- including a likely African origin, scientists said Wednesday. A previously-unknown creature that shared an extended family with the human forefather, had a flat face like that of our far-flung cousin the gibbon, but did not move like one, its discoverers wrote in the journal Nature. They named it Nyanzapithecus alesi after "ales" -- the...
(APA 08/03/17)
The move by Ghana's Auditor-General (A-G) to prosecute some corrupt public officials dominates the headlines of Ghanaian newspapers on Thursday. The Daily Graphic says, "A-G goes wild, chases looters of public funds", adding that the Audit Service of Ghana has made a commitment to chase after people who have stolen public funds. The Ghanaian Times and the Heritage state that the A-G has announced it would be chasing 11 public officials, who have looted public funds. The A-G, Mr. Daniel...
(Ghana Web 08/01/17)
One of Ghana’s lawmakers, Frimpong Yaw Addo, has challenged movie makers based in Kumasi (Kumawood) to reinvent themselves to suit the current trend, rather than continuing with the duel on storylines that are most a time “outdated”. Hon. Yaw Addo, who serves as the Member of Parliament (MP) for Manso-Adubia constituency in the Ashanti Region, believes producers of Kumawood movies are yet to embrace modernisation – yen.com.gh reports! In his view, the local movie industry will only grow when film...
(Ghana Web 07/28/17)
The government of Ghana has laid down plans to build an ultra-modern music recording studio for musicians in the country, Citi Showbiz has learnt. According to the President of the Creative Arts Council, Mark Okraku Mantey, the government is concerned about the low quality of music production in the country, hence the decision to set up a studio that meets international standards. “The government will set up an ultra-modern music studio so that after individual producers have done the basic...
(Ghana Web 07/20/17)
The former British High Commissioner to Ghana, Jon Benjamin is known for possibly being the most socially interactive diplomat the country has ever had. He has been the face of trolls, sharp and sometimes heated debates with Ghanaian, given his very vocal opinions on the issues in Ghana. While some have called him out for being too ‘nosy’ when it comes to Ghanaian issues, others have been impressed with his dedication to being as open, opinionated and interactive with Ghanaians...
(Ghana Web 07/18/17)
Nana Tonardo, a friend of Deloris Frimpong-Manso and a star of Delays’ Afia Schwarzenegger TV series has stated that Delay jumps from one hotel to another seeking for white men. Deloris Frimpong-Manso and Nana Tonardo’s friendship has come to an end–following a message Delay posted on Instagram, claiming she takes nobodies like Tornado and turn them into somebodies. Tonardo who is an actor on Delay’s Afia Schwarzenegger TV Series has thrown shots at Delay, rubbishing Delay’s claims and going on...
(Ghana Web 07/17/17)
After starring in Delay’s ‘Afia Schwarzenegger’ TV Series for 6 years, Nana Tornado has called it quits labelling the producer, fake, disloyal and a cheat. According to the actor, he was never remunerated despite his hard work in making the show very popular. Although he enjoyed putting smiles on the faces of fans, he regrets dealing with Delay because she has been very ungrateful and annoyingly bossy. Speaking to JDK and Mimi Kay on Radio XYZ, Nana Tornado recounted sending...

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(Bloomberg 10/04/17)
Ghana’s banks face a daunting race to meet new capital rules by the end of next year. Lenders will need to raise 9 billion cedis ($2 billion), which the local equity and debt market is too small to supply, according to George Bodo, the head of banking research at Ecobank Capital Ltd. in Nairobi, Kenya. While it may trigger mergers and acquisitions among the West African nation’s 34 banks, many will struggle to meet the requirement or complete deals on time, he said. Accumulating that kind of capital will top the 1.4 billion cedis that has been raised on the Ghana Stock Exchange through initial public offerings, share and rights offers and debt sales since...
(Bloomberg 09/28/17)
Ivory Coast President Alassane Ouattara will propose to his counterpart in Ghana that the two neighboring countries and world’s biggest cocoa producers narrow a gap in producer prices to discourage smuggling of beans, according to a person familiar with the matter. Ouattara will call Ghanaian President Nana Akufo-Addo on Thursday before Ivory Coast announces a new minimum price for cocoa purchases on Oct. 1, said the person, who asked not to be identified because he’s not authorized to speak about the matter. Ivory Coast is proposing payments of 750 CFA francs ($1.31) per kilogram for its farmers for the bigger of the two annual harvests that starts next month, compared with 1,100 francs for the previous main crop, said the...
(Dw-World 09/27/17)
After an international maritime court backed Ghana in a dispute with Ivory Coast over claims to oil fields in the Gulf of Guinea, Ghanaians hope they will profit from the country's oil wealth. Isaac Kaledzi reports. Ghana and neighboring Ivory Coast have been arguing over who owns which oil field in the Gulf of Guinea for years. On Saturday, the Hamburg-based International Tribunal for the Law of the Sea (ITLOS) ruled Ghana did not violate maritime borders by conducting oil...
(Bloomberg 09/27/17)
Studio 189, a label founded by actress Rosario Dawson and fashion executive Abrima Erwiah, is reinvesting in its African roots. It’s hard enough to build a fashion brand, let alone an empire. Rare is the person who makes a mission of using fashion to build communities. Such is the case with Studio 189, a label founded by longtime friends Abrima Erwiah (formerly a marketing executive at Bottega Veneta) and Rosario Dawson (an enduring star most recently seen in Netflix’s Marvel...
(Bloomberg 09/26/17)
Ghana’s central bank kept its key lending rate at the lowest since 2015 after inflation accelerated for the first time in four months. The Bank of Ghana left the rate at 21 percent, Governor Ernest Addison told reporters Monday in the capital, Accra. Two of seven economists in a Bloomberg survey predicted the hold, while the rest forecast cuts ranging from 50 to 100 basis points. The central bank of West Africa’s biggest economy after Nigeria’s had reduced the key...
(Voice of America 09/25/17)
African first ladies and activists hailed progress that some governments on the continent are making on gender equality. They met on the sidelines of the United Nations General Assembly in New York. “We used to have 23 percent female representation in parliament but, with the stroke of a pen it went up to 48 percent. So, we managed to double our female representation with that decision,” said Namibia’s first lady Monica Geingos at a roundtable invitation-only event co-hosted by the...
(Bloomberg 09/23/17)
Ghana’s cocoa regulator said the nation’s security forces will clamp down on the smuggling of beans as a disparity in producer prices are encouraging illegal trade with neighboring Ivory Coast. The world’s second-biggest cocoa producer is trying to stop smuggling from Ivory Coast, where the chocolate ingredient cost a quarter less than in Ghana. The influx of beans will weigh on Ghana’s ability to maintain the level of farmer payments even as an oversupply of cocoa is weighing on international prices. Because “there’s no border wall between us, it is likely that some cocoa will trickle in,” Ghana Cocoa Board
(Bloomberg 09/20/17)
Ghana’s cocoa board pays $27 more for a bag of beans than it’s worth in Ivory Coast. Illicit traders are profiting from the difference. Much of Jamilatu Mohammed’s harvest of cocoa beans is sitting in a storage shed near her dilapidated mud house along Ghana’s western border when it should be on its way to factories of chocolatiers like Nestle SA. The mother of two and other small growers in the world’s no. 2 producer represent the casualties in a...
(The Guardian 09/18/17)
Anna Jones says that, through selling its cocoa cheaply, Africa is exporting its wealth overseas; while Sue Banford claims that the soya moratorium in the Amazon has done nothing to halt deforestation. Only the final paragraph in your article on cocoa farming causing deforestation in Ivory Coast (Forests pay price for world’s taste for cocoa, 14 September) mentioned the most fundamental thing – the farmer’s livelihood, or lack of it. The low value of his (or more likely her) crop...
(Bloomberg 09/15/17)
Societe Generale SA, challenged on its home turf by Orange SA’s push into banking, is fighting back with a new mobile lender in Africa. The French lender started YUP, a new app for smartphones, in Senegal and Ivory Coast and plans to begin operating in four other sub-Saharan countries this year and next, the company said on Thursday. The bank aims to double its client base to 2 million in the region within three years. “Telcos have opened the way...
(BBC News Africa 09/13/17)
Ivory Coast and Benin were the last two teams to qualify for the group stage of the 2017 WAFU Cup of Nations in Ghana. The Ivorians progressed in the West African regional championship with a penalty shoot-out win over Togo after the goalless draw on Tuesday. Benin were 2-0 winners over Cape Verde in the final qualifier. The two winners join Senegal and Niger in Group B of the tournament, while hosts Ghana, Nigeria, Guinea and Mali will contest the...
(Bloomberg 09/11/17)
The South African companies that dominate the U.K.’s growing private hospital industry are counting on more people like Katie Corrie. A children’s party entertainer, Corrie opted to use 13,000 pounds ($17,000) of her savings and inheritance to get a hip replacement rather than spend months on a National Health Service waiting list. Britons like her are forking out almost 1 billion pounds a year to cover their own medical expenses, a trend that’s giving at least one industry the scope...
(Bloomberg 09/07/17)
African Rainbow Minerals Ltd., the miner chaired by South Africa’s richest black businessman, will pay a record dividend this year as rising iron-ore and manganese prices boosted earnings at its ferrous unit. ARM will pay investors 6.50 rand a share, almost triple that of the previous year, and its 11th consecutive dividend, the Johannesburg-based company said in a statement Thursday. The company benefited from a 45 percent increase in prices received for exported iron ore and 93 percent more for...
(AFP (eng) 09/05/17)
Atletico Madrid midfielder Thomas Partey scored a hat-trick as Ghana hammered Congo 5-1 in Brazzaville Tuesday to keep alive their slim 2018 World Cup qualification hopes. Serbia-based Richmond Boakye bagged a brace as the Black Stars achieved their biggest away winning margin in an eliminator since a 4-0 triumph over Cape Verde 12 years ago. Vladis-Emmerson Illoy-Ayyet scored for Congo, who entered the Group E match at Stade Kintele confident of success after holding Ghana 1-1 in Kumasi last Friday.
(Bloomberg 09/05/17)
A surge in agriculture has helped lift Africa’s biggest economies out of their slumps, but the recovery may be weak. Gross domestic product in Nigeria, the continent’s largest crude producer, advanced for the first time in six quarters in the three months ended June from a year earlier, growing 0.55 percent, the statistics agency said. In South Africa, GDP expanded 2.5 percent from the previous quarter, ending the second recession in almost a decade. Both economies had agriculture largely to...
(Bloomberg 09/04/17)
The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter. Official data on Tuesday will probably show South Africa’s economy expanded in the three months through June, ending its second recession in less than a decade. Nigeria’s gross domestic product probably grew from a year earlier, and came out of its worst slump in a quarter of a century. South Africa and Nigeria together account for almost half of...
(Bloomberg 08/31/17)
The International Monetary Fund has approved a one-year extension of Ghana’s $918 million credit-facility program after a review of the nation’s progress on monetary and fiscal reforms. The extension will give the West African nation more time to achieve targets such as narrowing the budget shortfall. The IMF approved a payment of $94.2 million to Ghana, bringing total disbursements to $565.2 million, according to an emailed statement from Washington on Wednesday. The rest of the installments from the loan program...
(Bloomberg 08/30/17)
One Thousand & One Voices LLC, a private-equity fund started by the great-grandson of the founder of Coors Brewing Co., said it bought a producer of sushi-quality trout that is the largest such facility in Africa. SanLei’s operations are on the Katse Dam in Lesotho, an enclave surrounded by South Africa, 1K1V, as the fund is known, said in an emailed statement Tuesday. The company didn’t disclose the value of the transaction. SanLei has secured a marketing and distribution agreement...
(Bloomberg 08/29/17)
Ghana’s President Nana Akufo-Addo is banking on good news from the International Monetary Fund after his predecessor nearly derailed an economic recovery plan through overspending. As the nation awaits the outcome of a review from the Washington-based lender, which may come as soon as Wednesday, on reforms since Ghana entered a $918 million credit program with the lender in 2015, gross domestic product is growing at the fastest pace in more than two years, the central bank is cutting borrowing...
(Bloomberg 08/24/17)
Every African nation that’s sold dollar debt now has at least one junk rating, but it would be hard to tell by looking at the bond market. The average yield on sovereign Eurobonds in Africa has hovered near the lowest level in two years this month, according to a Standard Bank Group Ltd. index, even after Moody’s Investors Service cut Namibia to below investment grade on Aug. 11. The world’s biggest producer of marine diamonds had been the continent’s only...

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