Ghana | Africatime
Saturday 25 October 2014

Ghana

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(Business Day Online 10/24/14)
The rally in African debt markets has come to an abrupt halt as countries in the west of the continent battle to contain the spread of Ebola. Nigeria, which has been declared Ebola-free by the World Health Organisation (WHO), has seen prices fall for its dollar-denominated government debt, pushing the yield up from 4.9 percent to 5.4 percent in the space of about a week the Financial Times reports. Ghana has deferred the sale of a local currency bond scheduled for issue this month and yields on debt issued by the region’s largest economy are at a six-month high. The sell-off in sub-Saharan Africa’s government bonds comes towards the end of a record year for...
(Ghana Web 10/23/14)
Finance Minister Seth Terkper said on Monday he is confident the government will do a deal with the International Monetary Fund in November for a financial assistance programme aimed at restoring fiscal stability. The government is set to start a third round of negotiations with the Fund at the start of November on a possible three-year programme, and Terkper said he is confident the country can implement the terms of a deal. "Yes, I am (confident of an IMF deal). You know why I am confident? This is not the first programme that Ghana has done. Ghana has done about...
(Voice of America 10/23/14)
Ghanaians are struggling with crippling 12-hour power cuts across the country. Authorities are hoping a nearly-completed gas processing plant could be the key to alleviating the country’s energy woes. Ghanaians have been dealing with persistent power outages both in the capital Accra and in the countryside for months. The Electricity Company of Ghana recently warned it may have to resort to 24-hour power cuts. The situation has since improved, but Ghana still has a power deficit of 400 megawatts. The...
(Leadership 10/23/14)
As load shedding persists in Ghana following the inability of Nigeria to meet its gas supply contract to that country, its president, John Dramani Mahama, last weekend, held talks with President Goodluck Jonathan. President Mahama, according to report by Ghanaweb, is not satisfied over the recent irregular supply of gas to Ghana, through the West African Gas Pipeline (WAPCo), from Nigeria which has taken a toll on Ghana’s energy crisis with the country’s load shedding programme becoming intensified. Though the...
(Spy Ghana 10/23/14)
President John Dramani Mahama on Thursday urged the international investor community to partner the government to accelerate Ghana’s infrastructural development. wpid-President-John-Dramani-Mahama.jpgHe mentioned Transportation, Housing, Ports and Harbours and Telecommunications, as the major areas of co-operation for which government was seeking investors, to move Ghana into a full-fledged middle income economy. President Mahama made the call when he addressed the opening session of the Ghana-UK investment and Trade Forum in London, as part of his four-day official visit to the United...
(Citifmonline 10/23/14)
Newly-elected presidential candidate of the New Patriotic Party (NPP), Nana Akufo-Addo is expected to officially announce Dr. Mahamudu Bawumia as his running mate for the 2016 general elections on Thursday. Nana Addo is expected to meet with the National Council of the party to announce his decision, per the requirements of the party’s constitution. Dr. Bawumia, was the running-mate of Nana Addo in both the 2008 and 2012 general elections and many political watchers say he would be the best...
(Ghana Web 10/23/14)
The monies were earned from sale of almost one million barrels of crude oil sold between July and September this year. The figures was contained in the petroleum receipts and distribution report, released by the Finance Ministry which showed that government also got 113 million dollars from taxes, royalties and rental charges paid by the four companies operating on the jubilee field. This would bring the total amount of money gotten from the jubilee field for third quarter to193 million...
(Ghana Web 10/23/14)
Investor interest in the capital market and investment instruments in general will grow if Ghanaians are properly educated on the operations and benefits of that segment of the financial market to their everyday life, the Director General (DG) of the Securities and Exchange Commission (SEC), Mr Adu Anane Antwi, has observed. Investor education, he said, was a necessary ingredient to the growth of the market hence the decision by SEC, which regulates capital market activities in the country to actively...
(Citifmonline 10/23/14)
Domestic airline operators are angry at the Ghana Airport Company for the intermittent closure of the Kumasi Airport, without due notification. The airport company has begun upgrading the Kumasi Airport tarmac and other facilities there. On October 22, the airline operators grounded their planes as contractors working on the tarmac moved in unannounced, causing several flights to be delayed. The situation according to the domestic airline operators, started on Friday October 17 and have expressed strong reservations about the conduct...
(Citifmonline 10/23/14)
A group calling itself concerned Ghanaians in the United Kingdom will, on Thursday, hit the streets of London to demonstrate against the administration of President John Dramani Mahama over what they call worsening economic conditions in Ghana. President Mahama, who is in the United Kingdom on a state visit, is expected to pay a courtesy call on Queen Elizabeth II on Thursday. According to the Public Affairs Director of the group, Nana Ansah Obofour who spoke to Citi News, they...
(Citifmonline 10/23/14)
The Asunafo South District Health Directorate would use a total of about 2,5769 dozes of Oral Polio Vaccines (OPVs) for the second round of the 2014 immunization against Polio that would take place in the District between Thursday 30th October, to Saturday 1st November, 2014. The exercise, which forms part of the National Immunization Day (NID) and Expanded Programme Immunization (EPI), would target children age zero to five years. The District EPI Cordinator, Mr Adjei Mensah Razak, disclosed this at...
(Ventures-Africa 10/23/14)
VENTURES AFRICA – The first ever African Women in Real Estate Network is set to increase participation and opportunities for women in the sector, according to Ruth Obih, CEO of 3Invest, a service real estate consulting and investment firm based in Lagos, Nigeria. Referred to with the acronym A.W.I.R.E., the network was launched at the recently concluded Real Estate Unite, arguably the largest gathering of real estate professionals in Africa. “If we in the real estate are committed to our...
(SouthAfrica.info 10/23/14)
The International Monetary Fund (IMF) expects the strong growth trends that sub-Saharan Africa has been experiencing in recent years to continue in the next two years, albeit at a faster rate. Releasing the October 2014 IMF Regional Economic Outlook: Sub-Saharan Africa report on 20 October, director of the IMF’s African Department, Antoinette Sayeh, said the region’s economy is forecast to continue “growing at a fast clip, expanding by about 5% in 2014, the same level as in 2013, and accelerating...
(Bloomberg 10/22/14)
Ghana will receive about $800 million from the International Monetary Fund as soon as January that will help stabilize the cedi, Minister of Finance Seth Terkper said. The package will help support the cedi’s recovery and prevent the currency from depreciating as quickly as it has in the past, Terkper said in an interview with Bloomberg TV Africa in London yesterday. The world’s second-largest cocoa producer says it aims to conclude talks with the Washington-based lender next month for a...
(Ghana Web 10/22/14)
Vice President Kwesi Amissah-Arthur has assured local manufacturing firms of government’s continuous support in their bid to expand production. He said government would continue providing a conducive environment for manufacturing and trade as well as other economic activities to thrive. Vice President Amissah-Arthur gave the assurance at the inauguration of an expanded Production Line of Nestle Ghana Limited in Tema. The fresh facility is a four new Production Line for the manufacturing of milk powder for both the local and...
(Business Day Online 10/22/14)
In Ghana, homes and businesses have been facing irregular supply of electricity for several months. Independent Power Projects (IPPs) in Ghana, which rely on gas supply from the West Africa Gas Pipeline (WAGP), have suffered deficits in supply since the WAGP project commenced. The pipeline is supplied by N-Gas, a consortium of companies including Nigerian National Petroleum Corporation, NNPC, Shell Petroleum Development Company, SPDC, and Chevron Nigeria Limited, along with local power companies. The International Project Agreement (IPA) which was...
(Ghana Web 10/22/14)
Ghana has cancelled its participation in international trade fairs in Nigeria, Burkina Faso, Liberia, Sierra Leone and Cote d’Ivoire as a result of the deadly Ebola disease. This was disclosed by the Chief Executive Officer of the Ghana Exports Promotion Authority, Gideon Quarcoo. “Without a doubt, this will impact the NTE results for 2014,” Mr Quarcoo said at this year’s National Awards for Export Achievement held over the weekend. The non-traditional export (NTE) is an arm under the Ministry of...
(Citifmonline 10/22/14)
Ghana has adopted a new approach to project management that will make it possible to attract much needed investment into the power sector. The country’s approach of inviting Independent Power Producers (IPPs) to supplement the power produced by the Volta River Authority (VRA) came up for discussion at the Global African Investment Summit currently taking place in London. Concerns have been raised about the poor financial performance and operational efficiency of the Electricity Company of Ghana (ECG), with the fear...
(Reuters (Eng) 10/22/14)
Rome — As India starts its version of Brazil's famous zero hunger campaign, the world's most populous democracy could take some inspiration from Ghana. The West African country "has met zero hunger", Jose Graziano da Silva, head of the Food and Agriculture Organization said on Thursday. Former Ghanaian president John Kufuor can take at least some of the credit for this. It started with a simple move to change the tax code when Kufuor's government first took office in 2001...
(Citifmonline 10/22/14)
76% of Ghanaians blame government for failing to improve their living standards, according to the Afrobarometer, round 6 results. The report sampled the views of 2,400 citizens about their economic and living conditions. The respondents said government is performing very badly or fairly badly in improving the living standards of the poor. The survey also revealed that majority of Ghanaians say their current economic conditions have worsened, compared to the same period a year ago. Another 70% of Ghanaians believe...

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(Ghana Web 10/23/14)
Investor interest in the capital market and investment instruments in general will grow if Ghanaians are properly educated on the operations and benefits of that segment of the financial market to their everyday life, the Director General (DG) of the Securities and Exchange Commission (SEC), Mr Adu Anane Antwi, has observed. Investor education, he said, was a necessary ingredient to the growth of the market hence the decision by SEC, which regulates capital market activities in the country to actively educate the populace on the industry. “Investor education is not a mandatory requirement of the SEC in Ghana,” Mr Antwi said, citing the mission statement of the commission. “But we undertake it under the overall...
(Citifmonline 10/23/14)
Domestic airline operators are angry at the Ghana Airport Company for the intermittent closure of the Kumasi Airport, without due notification. The airport company has begun upgrading the Kumasi Airport tarmac and other facilities there. On October 22, the airline operators grounded their planes as contractors working on the tarmac moved in unannounced, causing several flights to be delayed. The situation according to the domestic airline operators, started on Friday October 17 and have expressed strong reservations about the conduct of the Ghana Airport Company. The spokesperson of the domestic airline operators, James Eric Antwi who is also the CEO...
(Citifmonline 10/23/14)
A group calling itself concerned Ghanaians in the United Kingdom will, on Thursday, hit the streets of London to demonstrate against the administration of President John Dramani Mahama over what they call worsening economic conditions in Ghana. President Mahama, who is in the United Kingdom on a state visit, is expected to pay a courtesy call on Queen Elizabeth II on Thursday. According to the Public Affairs Director of the group, Nana Ansah Obofour who spoke to Citi News, they...
(Citifmonline 10/23/14)
The Asunafo South District Health Directorate would use a total of about 2,5769 dozes of Oral Polio Vaccines (OPVs) for the second round of the 2014 immunization against Polio that would take place in the District between Thursday 30th October, to Saturday 1st November, 2014. The exercise, which forms part of the National Immunization Day (NID) and Expanded Programme Immunization (EPI), would target children age zero to five years. The District EPI Cordinator, Mr Adjei Mensah Razak, disclosed this at...
(Reuters (Eng) 10/22/14)
Rome — As India starts its version of Brazil's famous zero hunger campaign, the world's most populous democracy could take some inspiration from Ghana. The West African country "has met zero hunger", Jose Graziano da Silva, head of the Food and Agriculture Organization said on Thursday. Former Ghanaian president John Kufuor can take at least some of the credit for this. It started with a simple move to change the tax code when Kufuor's government first took office in 2001...
(Citifmonline 10/22/14)
76% of Ghanaians blame government for failing to improve their living standards, according to the Afrobarometer, round 6 results. The report sampled the views of 2,400 citizens about their economic and living conditions. The respondents said government is performing very badly or fairly badly in improving the living standards of the poor. The survey also revealed that majority of Ghanaians say their current economic conditions have worsened, compared to the same period a year ago. Another 70% of Ghanaians believe...
(International Business Times 10/21/14)
A nurse from Ghana is passionate in "exposing" the truth about the deadly Ebola virus. He or she claims the Red Cross is responsible in bringing the virus to four West African countries for four specific reasons with the grand goal of bringing U.S. troops on boots in Nigeria, Liberia and Sierra Leone. According to the nurse, U.S. wants to stop the protests conducted by the diamond miners in Sierra Leone. The miners were allegedly protesting against "cheap slave labour...
(Citifmonline 10/20/14)
President John Mahama has expressed concerns about the stiff resistance from some government accountants following attempts to use the Ghana Integrated Financial Management Information System (GIFMIS), to mitigate corruption within the public sector. The President has blamed the high level of corruption in the public sector on human interference with the administration of public funds and weak systems. The GIFMIS is a system introduced by government to improve accountability, control, monitoring and auditing of government finances. Speaking to journalists about...
(Ghana Web 10/13/14)
The government is stepping up efforts at containing any Ebola case that may rear its head in the country, as the virus moves to the doorstep of the world’s wealthiest countries. Last Thursday, the Chief of Staff, Mr Prosper Douglas Bani, told a joint US and Nigerian delegation at the Flagstaff House that the first isolation centre in the country had been completed in Tema, while work on two others in Kumasi and Tamale were due for completion in due...
(Voice of America 10/13/14)
Organs blare, tambourines jangle and voices rise in song. The sounds of charismatic evangelical Christian churches are common in Ghana’s towns and cities, where religion plays an important role in public life. The music usually sounds on Sunday mornings, but many churches hold services several times a week. Some say it’s too much. In suburbs of the capital Accra, neighbors and local lawmakers say raucous, all-night church services have become too noisy to tolerate. Sam Atukwei Quaye, municipal chief executive...
(Ghana Web 10/09/14)
Two hundred and fifty students of the Labone Senior High School (SHS) have been sacked for their abysmal performance in the end-of-year examination in July, this year. The students, who had an average of four failures in eight subjects, were sent packing when the first term of the 2014/2015 academic year began. Out of the number sacked, 155 of them were second-year students who were supposed to go to Form Three, while 95 were first-year students entering their second year...
(Citifmonline 10/09/14)
The United States has released $1 million to Ghana to help with the adequate preparation towards a possible outbreak of the Ebola disease. The amount is part of a total of $175 million the US says, it has committed to fight the epidemic which has had a devastating effect on three West African countries and currently posing challenges to other parts of the world. At a press briefing in Accra, an Epidemiologist with the Centre for Disease Control and Prevention...
(Ghana Web 10/08/14)
President John Mahama has summoned all his ministers and their deputies to discuss the implications of the International Monetary Fund (IMF) bail programme to be rolled out from 2015. The IMF programme will roll out from January 2014 and is expected to run for about 3 years. After meeting key government officials, the private sector and some of Ghana’s donor partners, the IMF hinted that the programme will aim at eliminating government’s excessive spending and would also eliminate government subsidies,...
(Myjoyonline 10/08/14)
The Ministry of Education will name an interim head for the National Service Scheme by Friday, October 10, Deputy Minister, Samuel Okudzeto Ablakwa has confirmed. The Board of Directors last week took over the Secretariat after directing top management, including the Executive Director, Alhaji Imoro Alhassan to step aside to allow unimpeded investigations into the alleged payroll fraud in the scheme. A total of Ghȼ7.9 million was said to have been paid in July 2014 to some 22,000 service persons...
(Myjoyonline 10/08/14)
A coalition of Civil Society Organisations (CSOs) in the country have asked government to begin broader consultations with Ghanaians on talks to seek bailout from the International Monetary Fund. The Coalition said in a statement Tuesday "citizen inclusiveness in the discussions will allow the much needed citizen buy-in which had been problematic with previous bailouts so that this one becomes the last bailout ever that Ghana will seek." Read below the statement from coalition made up of FAT-Africa, IMANI, SEND-Ghana,...
(Myjoyonline 10/08/14)
Deputy Communications Minister, Felix Kwakye Ofosu, has said it is incorrect for the impression to be created that the president is condoning corruption merely because of the exposure of canker in public institutions. He confirmed President Mahama's intent to fight corruption and insisted that the President has no reason to conceal it. “It is not accurate to create the impression that the mere exposure of corruption in an institution means the president is condoning it. President Mahama is not condoning...
(Spy Ghana 10/08/14)
A private legal practitioner and outgoing Upper West Regional Youth Organizer of the National Democratic Congress, Abubakar Mutiu-Rahaman, has announced his intension to join the tall list of party activists crisscrossing the country with the hope of leading the youth wing of the ruling party. After marshaling the NDC youth wing in the Upper West region to secure 10 out of the 11 parliamentary seats and garnering majority votes in all constituencies in the region to ensure the ruling party...
(Myjoyonline 10/07/14)
The Ghana Bar Association has called on the president to appoint a new chair of the Electoral Commission to superintend the 2016 general election. At a press conference held in Accra, Tuesday, the Bar expressed its belief that it is time for Dr Afari Gyan to take a bow having reached his retirement age. Dr Gyan was appointed in 1992 and has since presided over six national elections. His last which was in 2012, ended up at the Supreme Court...
(Spy Ghana 10/07/14)
Nana Addo Dankwa Akufo-Addo, a flagbearer aspirant for the New Patriotic Party (NPP), says the October 18 delegates Congress will set the tone for a shift in the way the country is governed. He said the exercise being embarked upon by the largest opposition party should not be seen as merely selection of a flagbearer to contest the December 2016 election, but one to elect a leader who would change the fortunes of Ghanaians. Addressing the party’s delegates at Sene...
(Ghana Web 10/07/14)
The September salaries of more than 20,000 civil servants were suspended because the affected persons failed to supply the Controller and Accountant General’s Department (CAGD) with the requisite information to facilitate the payment of their salaries. According to the Controller and Accountant General, Ms Grace F. Adzroe, “As part of ongoing measures to clean the payroll data, the salaries of some employees were suspended in September, due to lack of bank account numbers and financial clearance.” She said the department,...

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(Business Day Online 10/24/14)
The rally in African debt markets has come to an abrupt halt as countries in the west of the continent battle to contain the spread of Ebola. Nigeria, which has been declared Ebola-free by the World Health Organisation (WHO), has seen prices fall for its dollar-denominated government debt, pushing the yield up from 4.9 percent to 5.4 percent in the space of about a week the Financial Times reports. Ghana has deferred the sale of a local currency bond scheduled for issue this month and yields on debt issued by the region’s largest economy are at a six-month high. The sell-off in sub-Saharan Africa’s government bonds comes towards the end of a record year for...
(Ghana Web 10/23/14)
Finance Minister Seth Terkper said on Monday he is confident the government will do a deal with the International Monetary Fund in November for a financial assistance programme aimed at restoring fiscal stability. The government is set to start a third round of negotiations with the Fund at the start of November on a possible three-year programme, and Terkper said he is confident the country can implement the terms of a deal. "Yes, I am (confident of an IMF deal). You know why I am confident? This is not the first programme that Ghana has done. Ghana has done about...
(Voice of America 10/23/14)
Ghanaians are struggling with crippling 12-hour power cuts across the country. Authorities are hoping a nearly-completed gas processing plant could be the key to alleviating the country’s energy woes. Ghanaians have been dealing with persistent power outages both in the capital Accra and in the countryside for months. The Electricity Company of Ghana recently warned it may have to resort to 24-hour power cuts. The situation has since improved, but Ghana still has a power deficit of 400 megawatts. The...
(Leadership 10/23/14)
As load shedding persists in Ghana following the inability of Nigeria to meet its gas supply contract to that country, its president, John Dramani Mahama, last weekend, held talks with President Goodluck Jonathan. President Mahama, according to report by Ghanaweb, is not satisfied over the recent irregular supply of gas to Ghana, through the West African Gas Pipeline (WAPCo), from Nigeria which has taken a toll on Ghana’s energy crisis with the country’s load shedding programme becoming intensified. Though the...
(Spy Ghana 10/23/14)
President John Dramani Mahama on Thursday urged the international investor community to partner the government to accelerate Ghana’s infrastructural development. wpid-President-John-Dramani-Mahama.jpgHe mentioned Transportation, Housing, Ports and Harbours and Telecommunications, as the major areas of co-operation for which government was seeking investors, to move Ghana into a full-fledged middle income economy. President Mahama made the call when he addressed the opening session of the Ghana-UK investment and Trade Forum in London, as part of his four-day official visit to the United...
(Ghana Web 10/23/14)
The monies were earned from sale of almost one million barrels of crude oil sold between July and September this year. The figures was contained in the petroleum receipts and distribution report, released by the Finance Ministry which showed that government also got 113 million dollars from taxes, royalties and rental charges paid by the four companies operating on the jubilee field. This would bring the total amount of money gotten from the jubilee field for third quarter to193 million...
(Ventures-Africa 10/23/14)
VENTURES AFRICA – The first ever African Women in Real Estate Network is set to increase participation and opportunities for women in the sector, according to Ruth Obih, CEO of 3Invest, a service real estate consulting and investment firm based in Lagos, Nigeria. Referred to with the acronym A.W.I.R.E., the network was launched at the recently concluded Real Estate Unite, arguably the largest gathering of real estate professionals in Africa. “If we in the real estate are committed to our...
(SouthAfrica.info 10/23/14)
The International Monetary Fund (IMF) expects the strong growth trends that sub-Saharan Africa has been experiencing in recent years to continue in the next two years, albeit at a faster rate. Releasing the October 2014 IMF Regional Economic Outlook: Sub-Saharan Africa report on 20 October, director of the IMF’s African Department, Antoinette Sayeh, said the region’s economy is forecast to continue “growing at a fast clip, expanding by about 5% in 2014, the same level as in 2013, and accelerating...
(Bloomberg 10/22/14)
Ghana will receive about $800 million from the International Monetary Fund as soon as January that will help stabilize the cedi, Minister of Finance Seth Terkper said. The package will help support the cedi’s recovery and prevent the currency from depreciating as quickly as it has in the past, Terkper said in an interview with Bloomberg TV Africa in London yesterday. The world’s second-largest cocoa producer says it aims to conclude talks with the Washington-based lender next month for a...
(Ghana Web 10/22/14)
Vice President Kwesi Amissah-Arthur has assured local manufacturing firms of government’s continuous support in their bid to expand production. He said government would continue providing a conducive environment for manufacturing and trade as well as other economic activities to thrive. Vice President Amissah-Arthur gave the assurance at the inauguration of an expanded Production Line of Nestle Ghana Limited in Tema. The fresh facility is a four new Production Line for the manufacturing of milk powder for both the local and...
(Business Day Online 10/22/14)
In Ghana, homes and businesses have been facing irregular supply of electricity for several months. Independent Power Projects (IPPs) in Ghana, which rely on gas supply from the West Africa Gas Pipeline (WAGP), have suffered deficits in supply since the WAGP project commenced. The pipeline is supplied by N-Gas, a consortium of companies including Nigerian National Petroleum Corporation, NNPC, Shell Petroleum Development Company, SPDC, and Chevron Nigeria Limited, along with local power companies. The International Project Agreement (IPA) which was...
(Ghana Web 10/22/14)
Ghana has cancelled its participation in international trade fairs in Nigeria, Burkina Faso, Liberia, Sierra Leone and Cote d’Ivoire as a result of the deadly Ebola disease. This was disclosed by the Chief Executive Officer of the Ghana Exports Promotion Authority, Gideon Quarcoo. “Without a doubt, this will impact the NTE results for 2014,” Mr Quarcoo said at this year’s National Awards for Export Achievement held over the weekend. The non-traditional export (NTE) is an arm under the Ministry of...
(Citifmonline 10/22/14)
Ghana has adopted a new approach to project management that will make it possible to attract much needed investment into the power sector. The country’s approach of inviting Independent Power Producers (IPPs) to supplement the power produced by the Volta River Authority (VRA) came up for discussion at the Global African Investment Summit currently taking place in London. Concerns have been raised about the poor financial performance and operational efficiency of the Electricity Company of Ghana (ECG), with the fear...
(Ghana Web 10/22/14)
A university lecturer has warned that the country’s cocoa production is in danger and called for an alternative for the mass spraying exercise. Prof. Peter Kwapong, who lectures at the School of Biological Sciences at the University of Cape Coast, said the cocoa mass spraying exercise was a negative practice that threatened the lives of pollinators and, by extension, the ultimate yields of the cocoa industry. Prof. Kwapong, who is the national co-ordinator of the Global Pollination Project – Ghana,...
(Ghana Web 10/22/14)
President John Mahama says despite the increases in prices of petroleum over the past months, Ghana apart from Nigeria still has one of the lowest prices in petrol across the West Africa Sub-Region. He says government could not afford to spend more on subsidies for petroleum products. According to President Mahama, increasing the cost of fuel is not something he personally or any member of his government enjoys but bold and courageous decisions were needed to save the country and...
(Ventures-Africa 10/22/14)
VENTURES AFRICA – The International Monetary Fund (IMF) has warned African countries that rushing to issue Eurobonds could raise debt levels and undermine growth as they may face exchange rate risks and problems repaying debts. Several African countries, especially those once burdened with debts, have issued Eurobonds to raise money for capital projects. Reuters News Agency quotes the director of IMF’s African Department, Antoinette Sayeh, as saying, in an interview on Monday, that such Eurobonds come with risks. “Whereas what...
(Voice of America 10/21/14)
Gold mining puts money in the pockets of thousands in Ghana’s countryside. It also kills. Pit collapses claim the lives of the miners who delve deep into small-scale mines in search of bullion. But in Ghana’s poor, underdeveloped villages, people say there are few other ways to make money. The rivers in Ghana’s Ashanti region run a sickly brown. The land is pockmarked with gashes carved into the earth by excavators, the air filled with the sound of mining equipment...
(Bloomberg 10/21/14)
Ebola’s economic effects in Africa are proving hard to quarantine even in the 49 of 54 countries that are untouched by the virus. Corporate events are being canceled, international investors are declining to visit and multinationals are on high alert. The International Monetary Fund yesterday cut its forecast for economic growth in sub-Saharan Africa this year to 5 percent from 5.5 percent, due in part to “economic spillovers starting to materialize” from the outbreak. The ripple effects present a fresh...
(Ghana Web 10/20/14)
Ms Sherry Ayittey, Minister of Fisheries and Aquaculture Development says government is working around the clock to resolve issues relating to premix fuel and ensure that fishermen get the fuel to power their activities. She said the government was very much concern about the continuous complaint by the fisher folks over premix fuel and so every effort were being made to enable the fishermen gets the right quantities of premix at the right prices and at the right time. “We...
(Citifmonline 10/20/14)
This is according to a statement issued by the National Petroleum Authority (NPA), which said the reduction is in accordance with reduction in the prices of crude oil and petroleum products on the world market. The reduction takes effect from Tuesday October 21, 2014. The NPA’s decision comes days after Energy Minister, Emmanuel Armah Kofi Buah, said that despite falling price of crude oil on the international market, the government was not in a rush to cause a reduction in...

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(Citifmonline 10/20/14)
The president of IMANI Ghana, Franklin Cudjoe, wants the Confederation of African Football (CAF) to postpone the 2015 African Cup of Nations (AFCON) tournament to prevent the further spread of the Ebola virus. Morocco was expected to host the 2015 AFCON but it has called for the postponement of the tournament due to the outbreak of the deadly Ebola disease in West Africa which has claimed over 4,500 lives. South Africa, which were also tipped to host the tournament after Morocco’s refusal has turned down the offer over similar concerns. CAF has subsequently written to Ghana to be on standby to host the tournament and Minister of Sports, Mahama Ayariga has told Citi News, the...
(The Namibian 10/20/14)
Ghana beat Cameroon 1-0 but lost out on a semifinal place at the Africa Women Championship after South Africa beat Algeria 5-1. Going into the final Group B matches both teams were level on one point each but South Africa's five goal blitz at the Independence Stadium saw them edging Ghana on goal difference to claim the second semifinal spot. Cameroon, on six points, had already qualified for the semifinals. Cameroon will now face the Ivory Coast while South Africa take on Nigeria in the semifinals on Wednesday, 22 October. At the Sam Nujoma Stadium, Elizabeth Cudjoe scored the only...
(Ghana Web 10/17/14)
The Ghana Medical Association (GMA) has expressed its displeasure over government’s decision to consider the request by the Confederation of African Football (CAF) for Ghana to host the 2015 African Cup of Nations should Morocco withdraw as hosts. The Minister of Youth and Sports confirmed in an interview on Thursday with Citi Sports that the country had been approached by CAF about the possibility of hosting the biannual tournament in 2015, after reports that original hosts are considering withdrawing. “CAF...
(Citifmonline 10/16/14)
The government of Ghana has confirmed the receipt of a letter from the Confederation of African football to be on standby to host the next African Cup. Youth and Sports Minister Mahama Ayariga told Citi News in an exclusive interview that the football governing body saw Ghana as one country with a potential to quickly host the showpiece. But first, he dropped a strong hint that Morocco will not host the event. “It is only today that I’m hearing of...
(Autre média 10/14/14)
Le Ghanéen Michael Essien a tenu à démentir des rumeurs sorties sur les réseaux sociaux ces derniers jours et faisant état d'une éventuelle infection de l'ancien Lyonnais par le virus Ebola. Michael Essien (31 ans), s’est exprimé via son compte Twitter pour démentir des rumeurs concernant sa santé. Cette semaine, le milieu de terrain du Milan AC avait vu naître à son sujet des rumeurs sur les réseaux sociaux évoquant une éventuelle infection du Ghanéen par le virus Ebola.
(BBC News Africa 10/13/14)
Algeria stunned Ghana 1-0 at the 2014 African Women Championship in Namibia, while Cameroon left it late to edge South Africa by the same score in the earlier game in Group B on Sunday. With only one victory and one draw to show from three previous appearances at the AWC, Algeria went into the game as underdogs against Ghana, who had beaten them 2-1 at the 2010 edition in South Africa. The skilful Naima Bouhani troubled the Ghana defence with...
(The Guardian 10/10/14)
Ghana’s row over World Cup bonuses which led to the government to fly $3m (£1.75m) in cash to Brazil is in the early stages of production, it has been confirmed. The Black Stars squad threatened to go on strike over the non-payment of bonuses agreed the tournament before the personal intervention of president John Dramani Mahama, with former coach Kwesi Appiah revealing that some of his players kept their $100,000 share (£61,000) in their backpacks in the dressing room while...
(Ghana Web 10/09/14)
While alone with my thoughts this week, I played the scene over in my head; one by one, each of the five candidates, shortlisted for the Black Stars coaching job, step up to present their credentials to replace Kwesi Appiah, who was “fired’ about a month ago. However, without a laid down criteria by the three man committee set up to find this new coach, it’s been one guessing game after another. That game has been made easier, with a...
(BBC News Africa 10/09/14)
Dutch legend Patrick Kluivert is on the Ghana Football Association's (GFA) five-man shortlist to be the new coach. Ghana have been without a coach since Kwesi Appiah left in September. The other candidates are ex-Chelsea boss Avram Grant, former Italy midfielder Marco Tardelli, Swiss Michel Pont and Spaniard Juan Ignacio Jimenez. "Pont, Kluivert and Tardelli will be interviewed in Accra on 17 October, Grant and Jimenez will be interviewed on 18 October," said the GFA. Former Ajax and Barcelona striker...
(Myjoyonline 10/08/14)
Former Ghana coach Milovan Rajevac has expressed shock at his exclusion from the five-man shortlist for the vacant Black Stars coaching job. The Ghana Football Association selected Michel Pont, Patrick Kluivert, Marco Tardelli, Avram Grant and Juan Ignicio Jimenenz to be interviewed for the position. The five coaches were shortlisted following thorough work by a three-man committee setup to look for a new coach for the Black Stars. The absence of Milovan Rajevac from the list has surprised many. The...
(PANA 10/07/14)
The qualifying series for the 2015 Africa Cup of Nations is set to resume next weekend, after a month-long break, PANA reported Sunday. The first set of two group matches were played last month, and two more matches are slated to be played this month. Match day three will be next Friday and Saturday, while Match day four will be four days later, on 15 Oct. After this month's matches, there will be two more matches to go, in November,...
(The New Times 10/07/14)
Head coaches and technical directors of African national teams have hailed progress in African football but emphasised the need to make improvements which would see an African team win a Fifa World Cup. The resolution was among the many passed by the coaches, who meet in a two-day conference held in Cairo, Egypt last week. It was organised by FIFA and CAF to review and learn from the 2014 FIFA World Cup Brazil. Rwanda was represented by Amavubi head coach...
(Myjoyonline 10/01/14)
Gyan reacted angrily to comments from Mihai Pintilii of Romanian before making his exit from the Hazza bin Zayed Stadium despite accepting his two-footed challenge deserved the red card. The reaction also sparked shoving and tussle between both sets of player and some strong exchange of words. Asamoah Gyan explained his reaction after the game saying: “The player has no right to tell me what he did. He said something to me which made me upset. He said an abusive...
(Ghana Web 09/30/14)
Ghana's U-17 men's team, the Black Starlets, secured their place at the 2015 African Under-17 Championship after defeating Cameroon 4-3 in Accra on Sunday. The seven-goal thriller handed the Black Starlets back-to-back wins over the Cameroonians after pulling a 2-1 first leg victory a fortnight ago in Yaounde. A brace by Henry Medarious coupled with goals from Abass Issah and Jonah Osabutey put Paa Kwesi Fabin's side en-route to Niger for next year's Championship. Abass, who scored in the first...
(AFP (eng) 09/26/14)
Former Ghana coach Kwesi Appiah has lifted the lid on his side's torrid World Cup campaign, revealing that players were counting thousands of dollars in cash just hours before their final match. The Black Stars' time in Brazil was overshadowed by indiscipline and a row over unpaid appearance fees, which led to Ghana's cash-strapped government chartering a jet to fly more than $3 million in cash to South America. Appiah told an official hearing probing the under-par showing that the...
(Myjoyonline 09/17/14)
Dismissed coach of the senior national football team, the Black Stars, Kwasi Appiah has said he is still waiting for the official letter confirming his sack. “I am still waiting for my letter to give it to those who know how to interpret it,” the coach told host of Metro TV’s Good Evening Ghana last Tuesday. Kwasi Appiah who was sacked last Thursday used the occasion to fend off persistent criticism against him since the World Cup in Brazil in...
(Xinhuanet 09/16/14)
ACCRA, Sept. (Xinhua) -- Ghana' s minister of Youth and Sports Mahama Ayariga on Monday appointed an 11-member committee to work towards securing the right to host the 2017 African Cup of Nations (AFCON 2017) in Ghana. Additionally, six former Black Stars players and a former world boxing champion have been appointed to serve as ambassadors during the bidding process. The committee members include Ernest Thompson (Chairman), Abedi Ayew Pele, (Vice Chairman), Fred Crentsil, Randy Abbey, Herbert Mensah (Administrator and...
(AFP (eng) 09/12/14)
Ghana's football association announced on Friday the firing of national team coach Kwesi Appiah, ending months of speculation about the fate of the controversial coach. The announcement came on the heels of Ghana's disastrous performance at this year's football World Cup in Brazil in which they failed to advance beyond the group stage. The players' high-profile dispute with the Ghana Football Association (GFA) over appearance fees and Appiah's decision to suspend two key players during the tournament made headlines worldwide. "The GFA wishes to thank Mr Appiah for his diligent service to the country as the coach of the Black Stars
(Spy Ghana 09/12/14)
Black Stars coach Kwesi Appiah has been relieved of his position as head coach of the senior national team. The decision was reached today at a board meeting of the GFA. Serbian trainer Milovan Rajevac will replace him as head coach of the Black Star. Mr Appiah is being accused of bad faith after he granted a radio interview in which he said that he had not asked for a technical assistant, contradicting the position of the GFA. Sources close...
(Vibe Ghana 09/11/14)
Ghana whipped her journey to the 2015 Africa Cup of Nations around after pipping Togo 3-2 in a five- goal thriller in Lome on Wednesday. A late goal by Christian Atsu gifted the Black Stars all three points to move to second place on the log with four points. It was a test of character for the Black Stars who went down early in the first half through Floyd Ayite who beat debutant goalkeeper Stephen Adams at the far post...

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(Citifmonline 10/23/14)
There is no doubt that this year has been a good one for female dancehall artiste, MzVee. Right after earning the Unsung Artiste of the Year at this year’s Ghana Music Awards, the Borkorborkor rapper began to bag collaborations with other artistes. Her soaring popularity seems to have caught the eye of some artistes outside the shores of Ghana and it is not surprising that MzVee was invited for a collaboration by Danish singer and song writer, Erann DD. The artiste who returned from Copenhagen, a day before she performed at the Hennessy Artistry Concert last Saturday, has expressed her delight at her first joint project outside the country. “It is said that hard work...
(Citifmonline 10/22/14)
Okomfour Kwaadee has reveal plans for his latest album. Titled Fa Wonsa Gu Wuti, it will be his major music project after being rendered inactive for some time due to various issues. In an interview on ETV’s Late Night Celebrity Show, he talked about what he’s been up to and what fans should expect from him. “I’ve been away for four years, I’ve never been gone and I’ve always been around. “I was just absent in class. Everyone was saying what they wanted. What most people knew was that I was a musician and the next thing was that something...
(Ghana Web 10/22/14)
Highlife musician, Kwaisey Pee has called on fellow Ghanaian musicians to boycott the Ghana Music Awards, if Charter House continues with its decision to sue Shatta Wale. Charter House, organizers of the Ghana Music Awards has commenced a legal action against the 2014 Ghana Music Awards Artist of The Year winner, claiming damages up to the tune of 10 million Ghana cedis for defamation. Kwaisey Pee said, “I feel that all Ghanaian musicians should rally behind our own and boycott...
(Citifmonline 10/20/14)
The Global African Investment Summit (TGAIS) is set to come off from the 20th to 21st of October in London. The event is expected to be the largest international investment event this year. The summit is hosted by former Nigerian President Olusegun Obasanjo and has high level support from the African leaders, the UK government and the international business community. With the Presidents of Rwanda, Tanzania, Uganda and Ghana all presenting on a high-level plenary, TGAIS brings together the leaders...
(Citifmonline 10/17/14)
The Musicians Union of Ghana (MUSIGA) has appointed a new Administrator Rev Fiifi Khan Agyarkwa to steer the affairs of the Union. This follows the reassignment of the current Administrator Ahuma Bosco Ocansey aka Daddy Bosco as the Head of Communications and Special Projects. Rev Fiifi Agyarkwa has been involved with the music industry over the past two decades working in various capacities. Until his appointment, he was the Director of Special Projects for the Union and was on the...
(Citifmonline 10/16/14)
M-Net and Endemol South Africa have taken immediate steps to address an error that occurred during the Nomination Announcement on Big Brother Hotshots on Monday evening, 13 October 2014. The name of Permithias was omitted from the list of this week’s nominated housemates and was not made available as a voting option for viewers on the relevant platforms. Housemates made their nominations on Sunday evening. Frankie received 8 nominations; Tayo and JJ received 7 each Permithias received 6, Esther received...
(Ghana Web 10/16/14)
In a bid to fight Ebola Virus Disease (EVD), even before its likely penetration into Ghana -as projected by research, Ghanaian top celebrities has formed a united front, in conjunction with corporate entities- to empower Ghanaians against the deadly disease through educational campaign. The campaign which is tagged ‘ONE Ghana Uniting Against Ebola Campaign’ has been slated to take place on Saturday, 18th of October, 2014 at the Rawlings Park, Accra. Starting from 8:00am to 10:00am. ONE Ghana Uniting Against...
(AFP (eng) 10/16/14)
Despite sparse resources and limited institutional support, the world will soon wake up to Africa's ingenious new artists, according to some of the continent's leading exponents taking part in London's Contemporary African Art Fair. The four-day event -- the largest such fair outside Africa -- opens on Thursday and showcases the work of over 120 artists in the grand setting of Somerset House in the heart of the British capital in a bid to reach a global market. Some 27...
(News Day 10/10/14)
IT was a night of fun and of course lots of glitz and glamour at The Big Brother Africa (BBA) Hotshots launch on October 5 at The Whippet in Linden, Johannesburg, South Africa. After the unexpected burning down of the former BBA house also located in Johannesburg, viewers and audiences were naturally eager to see how this new venue would turn out and with no doubt Big Brother did not disappoint. The usual presenter, Ik Osakioduwa, popularly known as Ik,...
(Citifmonline 10/09/14)
Dancehall artistes Shatta Wale and Samini have not had the best of relationships and it is unlikely the pair will be sitting down for tea anytime soon after the latter appeared to mock the reigning artiste of the year about the lawsuit against him. Events company, Charterhouse is suing the musician and is seeking damages of ten million Ghana cedis after the the musician, a couple of weeks ago released series of videos online, which the company regarded as defamatory...
(BBC News Africa 10/09/14)
One of the most controversial stories from the 2014 World Cup is set for the big screen treatment. In June, the Ghana team refused to train just days before their final group match against Portugal because of a row over appearance fees. Ghana's government stepped in and sent more than $3m (£1.8m) in cash by plane to Brazil to pay the players. Bugeater Films, a United States film production company, is aiming to turn the story into a Hollywood hit...
(Ghana Web 09/23/14)
Mnet and Endamol continue to unveil housemates for Big Brother Hotshots, and today the second rep for Ghana has been unveiled alongside others. M’am Bea, 25, Ghana: Ghanaian M’am Bea lists her occupation as ‘Acting Trainee Manager/Fashion Designer’, and has a diploma in Management Finance. Her favourite foods are yam and nkontomere stew, fufu, palm nut soup and jolof rice. M’am Bea likes music by Sarkodie, Mafikizolo, John Legend, Wizkid and D’Banj. Her favourite place in Ghana is Aburi Garden...
(Citifmonline 09/04/14)
The Ghana Theatre Festival has been launched in Accra. The event is being organized by the National Theatre and the Ministry of Tourism, Culture and Creative Arts and comes off between September 11 and October 4. The event is aimed at promoting the diversity and uniqueness of African music, cultural performances and creative arts. The maiden edition will have various acts from the length and breadth of Ghana to showcase indigenous Ghanaian culture. The deputy Minister of the Tourism, speaking...
(Citifmonline 09/04/14)
The biggest gathering of movie industry players, the Ghana Movie Awards, comes off at the Accra International Conference Centre on December 30, 2014. This year’s event, the fifth in the series, seeks to take the event a notch higher as it brings the crème de la crème of Africa’s movie stars to celebrate with their Ghanaian counterparts. The organizers, the Ghana Movie Award Foundation, has officially called for entries to be submitted for consideration. “We wish to inform all movie...
(Citifmonline 08/27/14)
Miss Tourism Ghana 2013, Jessica Jemila Kawra, who will be launching the “Saving the environment through recycling” project, has said, environmental cleanliness has become a very critical issue in Ghana which could affect the tourism fortunes of the nation. According to her, it is possible that Ghana will become the least destination site for tourists and the country’s goal to make tourism the number one income earner will go down the drain. The project seeks to sensitize the youth on...
(Citifmonline 08/22/14)
Contrary to news that had been published on social media platforms that the Ghanaian nominees for this year’s edition of the Big Brother Africa reality show had been dropped due to the Ebola scare, the organisers, Endemol, has come out to give a completely different reason for the no-show. The initial publication said the selected nominees who made it through the selection stage in Ghana were rejected because of the Ebola scare in the West African sub-region. Hence, fresh auditions...
(Citifmonline 08/22/14)
It was William Shakespeare, who wrote in his book Twelfth Night that “some people are born to great, some achieve greatness and others have greatness thrust upon them”. How true this novel is! Ahuofɛ Patri, who is gradually becoming a household name in the comedy industry in our dear country, is an epitome of the latter – she is making giant strides through determination, hard work and perseverance. Teeming up successfully with Kalybos, (the only boss with one S) on...
(Citifmonline 08/21/14)
Nadia Ntanu, Ghana’s representative at this year’s Miss World, has been handed her official car. Officials of Exclusive Events Ghana, organizers of the Miss Ghana event, presented the car to her at a short ceremony held at their offices in Accra. The car would serve her numerous movements a lot of good, as she embarks on pre-planned activities ahead of the world finals. Ntanu, who will be taking on various projects in health and education, gets to keep her official...
(Ghana Web 08/18/14)
Organisers of the Big Brother Africa competition have allegedly rejected the candidates selected to represent Ghana at the contest. According to a source at MultiChoice in South Africa, the four candidates were rejected on the basis of the Ebola scare in West Africa. StarrFMonline.com’s sources at Endemol, producers of the BBA show, said the four candidates who made it through the selection stage in Ghana were rejected because of the Ebola Scare in the West African sub-region. An official revealed...
(Citifmonline 08/13/14)
Despite criticism that she is beautiful and doesn’t need too much makeup to look more beautiful, actress Christabel Ekeh says she is addicted to heavy makeup and there is nothing she can do about it. “Yes I welcome all criticism but I wish there is something I can do about the heavy makeup, my face has become so used to it so I just can’t imagine how I will look without heavy makeup. Whether it is for set, photo shot...

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(Voice of America 10/23/14)
Ghanaians are struggling with crippling 12-hour power cuts across the country. Authorities are hoping a nearly-completed gas processing plant could be the key to alleviating the country’s energy woes. Ghanaians have been dealing with persistent power outages both in the capital Accra and in the countryside for months. The Electricity Company of Ghana recently warned it may have to resort to 24-hour power cuts. The situation has since improved, but Ghana still has a power deficit of 400 megawatts. The government is hopeful that a long-delayed natural gas processing plant in the village of Atuabo, in Ghana’s west, will provide needed energy to the main utility Volta River Authority, or VRA, and help the cash...
(Ventures-Africa 10/23/14)
VENTURES AFRICA – The first ever African Women in Real Estate Network is set to increase participation and opportunities for women in the sector, according to Ruth Obih, CEO of 3Invest, a service real estate consulting and investment firm based in Lagos, Nigeria. Referred to with the acronym A.W.I.R.E., the network was launched at the recently concluded Real Estate Unite, arguably the largest gathering of real estate professionals in Africa. “If we in the real estate are committed to our own growth, we must make definitive strides for women’s participation in our sector,” said Obih. Real estate trailblazer, Udo Maryanne...
(Bloomberg 10/22/14)
Ghana will receive about $800 million from the International Monetary Fund as soon as January that will help stabilize the cedi, Minister of Finance Seth Terkper said. The package will help support the cedi’s recovery and prevent the currency from depreciating as quickly as it has in the past, Terkper said in an interview with Bloomberg TV Africa in London yesterday. The world’s second-largest cocoa producer says it aims to conclude talks with the Washington-based lender next month for a...
(Ventures-Africa 10/22/14)
VENTURES AFRICA – The International Monetary Fund (IMF) has warned African countries that rushing to issue Eurobonds could raise debt levels and undermine growth as they may face exchange rate risks and problems repaying debts. Several African countries, especially those once burdened with debts, have issued Eurobonds to raise money for capital projects. Reuters News Agency quotes the director of IMF’s African Department, Antoinette Sayeh, as saying, in an interview on Monday, that such Eurobonds come with risks. “Whereas what...
(International Business Times 10/21/14)
A nurse from Ghana is passionate in "exposing" the truth about the deadly Ebola virus. He or she claims the Red Cross is responsible in bringing the virus to four West African countries for four specific reasons with the grand goal of bringing U.S. troops on boots in Nigeria, Liberia and Sierra Leone. According to the nurse, U.S. wants to stop the protests conducted by the diamond miners in Sierra Leone. The miners were allegedly protesting against "cheap slave labour...
(Voice of America 10/21/14)
Gold mining puts money in the pockets of thousands in Ghana’s countryside. It also kills. Pit collapses claim the lives of the miners who delve deep into small-scale mines in search of bullion. But in Ghana’s poor, underdeveloped villages, people say there are few other ways to make money. The rivers in Ghana’s Ashanti region run a sickly brown. The land is pockmarked with gashes carved into the earth by excavators, the air filled with the sound of mining equipment...
(Bloomberg 10/21/14)
Ebola’s economic effects in Africa are proving hard to quarantine even in the 49 of 54 countries that are untouched by the virus. Corporate events are being canceled, international investors are declining to visit and multinationals are on high alert. The International Monetary Fund yesterday cut its forecast for economic growth in sub-Saharan Africa this year to 5 percent from 5.5 percent, due in part to “economic spillovers starting to materialize” from the outbreak. The ripple effects present a fresh...
(Ventures-Africa 10/20/14)
VENTURES AFRICA – The race to build hotels in Africa has never been bigger than it is today. Global hotel chain Marriot International’s recent announcement of a $1.5 billion Africa expansion plan stirred the market and a recent hotel conference on Africa. The capital investment will be used to build nine hotels, amounting to a 1,300 additional rooms, by 2015 and 30 additional hotels by 2020, adding another 5,550 rooms to the continent’s hotel room count. Marriot International’s construction plan...
(Bloomberg 10/17/14)
Ghana will probably conclude talks with the International Monetary Fund for budget support that includes a “funded program” next month, Minister of Finance Seth Terkper said. The Washington-based lender and Ghana finished the latest round of talks yesterday, the IMF said in an e-mailed statement. The IMF will send a team to Accra, the capital, next month to continue negotiations, Terkper said earlier today. “Yes, we are negotiating a funded program, that I can confirm,” Terkper said in a mobile-phone...
(Cnbc Africa 10/17/14)
The country is also optimistic that its 2015 budget can take that deal into account, deputy finance minister Cassiel Ato Forson told Reuters on Thursday. Forson spoke after a second round of talks with the fund in Washington. He said a third and decisive round would start in Ghana in the first week of November. Any deal would help the West African country restore its fiscal balance amid problems such as quickening inflation, a stubborn budget deficit and a currency...
(Cnbc Africa 10/17/14)
Africa’s vast amounts unexplored resources make it every investors dream, however, the continents real success lies in advancing women. Earlier this month the world celebrated The United Nations’ International Day of Rural Women, a day that recognises the vital role rural women play in improving agriculture and rural development. “When we give rural women access to productive agricultural and natural resources, we empower them. They, in turn, can contribute more to alleviating hunger and boosting the ability of their communities...
(Ventures-Africa 10/15/14)
VENTURES AFRICA – The Executive Secretary of the United Nation’s Economic Commission for Africa, Carlos Lopes has called on the international financial community to provide Africa with more investments than aid, as it is obvious that the latter cannot help the emerging continent achieve its desired growth and development. Carlos was, on Monday, speaking at the opening of the Ninth African Development Forum holding in Marrakech, Morocco themed “Innovative financing for Africa’s transformation” with the aim of deriving measures to...
(Autre média 10/14/14)
Le Ghanéen Michael Essien a tenu à démentir des rumeurs sorties sur les réseaux sociaux ces derniers jours et faisant état d'une éventuelle infection de l'ancien Lyonnais par le virus Ebola. Michael Essien (31 ans), s’est exprimé via son compte Twitter pour démentir des rumeurs concernant sa santé. Cette semaine, le milieu de terrain du Milan AC avait vu naître à son sujet des rumeurs sur les réseaux sociaux évoquant une éventuelle infection du Ghanéen par le virus Ebola.
(Cnbc Africa 10/14/14)
Concerns have been raised regarding global cocoa supply as the Ebola virus could potentially enter the Ivory Coast and Ghana. With the Ivory Coast and Ghana supplying 60 per cent of the world’s cocoa, many fear that the deadly Ebola virus could hamper the cocoa supply and send bean prices soaring. “It might double up the cocoa prices because they won’t be able to get the beans out of Ghana and the Ivory Coast. It might be a big problem...
(Ventures-Africa 10/14/14)
VENTURES AFRICA – Between 2014 and 2031, Africa will expand its rice production area by almost 50 percent, according to new analysis on the global outlook on rice production and demand released last week, by IHS, a global source of critical information and insight. Africa’s rapid expansion of areas for rice production will be the fastest globally, in percentage terms. “Cote d’Ivoire intends on spending $4 billion on agriculture development in order to improve crop yields and, in four years,...
(BBC News Africa 10/13/14)
Algeria stunned Ghana 1-0 at the 2014 African Women Championship in Namibia, while Cameroon left it late to edge South Africa by the same score in the earlier game in Group B on Sunday. With only one victory and one draw to show from three previous appearances at the AWC, Algeria went into the game as underdogs against Ghana, who had beaten them 2-1 at the 2010 edition in South Africa. The skilful Naima Bouhani troubled the Ghana defence with...
(Voice of America 10/13/14)
Organs blare, tambourines jangle and voices rise in song. The sounds of charismatic evangelical Christian churches are common in Ghana’s towns and cities, where religion plays an important role in public life. The music usually sounds on Sunday mornings, but many churches hold services several times a week. Some say it’s too much. In suburbs of the capital Accra, neighbors and local lawmakers say raucous, all-night church services have become too noisy to tolerate. Sam Atukwei Quaye, municipal chief executive...
(Ventures-Africa 10/13/14)
VENTURES AFRICA – Compared to other regions of the world, sub-Saharan Africa has the highest number of female entrepreneurs. These women are mostly owners of small businesses and local community shops serving the unmet needs of their homes and consumers. This not only reshapes the incorrect perception that African women have marginal input in overall economic output, but a socio-economic conscious business environment that includes full support of women entrepreneurs could potentially bring millions out of poverty and reduce an...
(Bloomberg 10/10/14)
West African countries are almost powerless to prevent illegal fishing that is depleting stocks and robbing states of revenue, according to a fisheries expert who is visiting the region. “In most West African countries, surveillance and monitoring is almost zero, most African countries don’t even have a single vessel, or even a small craft,” Professor Daniel Pauly, a fisheries specialist from University of British Columbia, said by phone from the Namibian town of Swakopmund. An inability to enforce quotas results...
(Ventures-Africa 10/10/14)
VENTURES AFRICA – Lusaka Stock Exchange listed power distribution company, Copperbelt Energy Corporation (CEC) is to invest over $18 million in upgrading its network in a bid to boost Zambia and DR Congo energy sector. “CEC owns the inter-connection between Zambia and DRC. We are building a duo circuit transmission line which will see the capacity of our inter-connector extended from 250 megawatts to 550 megawatts,” said CEC managing director Owen Silavwe. CEC operates and maintain a network comprising transmission, distribution and generation assets. The assets comprise an emergency power generation capacity of 80MW, transmission and distribution network of around 1,000 km of overhead power lines

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