Sunday 28 May 2017

Ghana

(Reuters (Eng) 05/27/17)
Leaders of the Group of Seven wealthy nations met African heads of state on Saturday, the final day of their annual summit which has been marked by discord over climate change, but unity on tackling terrorism. Italy had hoped to make Africa the major focus of the annual G7 gathering, holding the discussions on the island of Sicily that has taken in hundreds of thousands of migrants over the past four years as they flee war and poverty back home. However, the two-day meeting got overshadowed by a suicide bombing in northern England on Monday that killed 22 people, and also got bogged down by lengthy discussions on the merit of free trade and the...
(AFP (eng) 05/26/17)
Entertainment | France | film | festival | Cannes | Zambia | witchcraft Cannes, France | AFP | Friday 5/26/2017 - 14:01 UTC+3 | 615 words by Katy Lee Being accused of witchcraft is no laughing matter in Africa -- but movie director Rungano Nyoni decided a dose of humour was just what was needed to tackle a problem rampant in parts of the continent. Set in Zambia, the sharp satire "I Am Not A Witch" has premiered to strong reviews at the Cannes film festival, taking aim at the blatant sexism behind accusations that overwhelmingly target women. White tourists are seen gawping at women detained in a "witch camp" in the movie, taking pictures of them as if they're...
(Bloomberg 05/24/17)
Ghana is seeking better terms for its debt-support program with the International Monetary Fund as the parties discuss an extension of the agreement beyond an April 2018 deadline, according to a person familiar with the matter. The government will agree to extend the deal in return for a bigger credit facility, said the person, who asked not to be named because the information isn’t public. West Africa’s second-biggest economy will take longer than planned to meet the objective of the program, the Washington-based lender said May 19. Finance Minister Ken Ofori-Atta didn’t answer calls seeking comment. A spokesman for the IMF didn’t immediately respond to requests for comment by phone and email.
(Myjoyonline 05/24/17)
Ghana is set to become the first country in Africa to get a Spaceship Launch pad, following a partnership deal between KESHE Foundation Ghana and BONADES Limited, a Ghanaian-owned Construction Engineering Management (CEM) company. The two companies are combining their expertise for the development and construction of the first-of-its-kind Spaceship Research Centre in Ghana. The agreement comes after the completion of the feasibility studies and preliminary architectural and engineering designs, and presentation to both the Client and foreign Investors. The...
(Reuters (Eng) 05/24/17)
Danone and its Dubai-based private equity partner Abraj will together invest $25 million to expand production capacity at the Fan Milk dairy business in Ghana, the French food group said on Tuesday. Attracted by the spending power of a growing middle class, Africa has in recent years become a major area of expansion for Danone and other global consumer product companies such as Unilever, Nestle, Pernod Ricard and Diageo. Paris-based Danone has spent over 1 billion euros ($1.12 billion) since...
(APA 05/24/17)
Ghanaian President Nana Addo Dankwa Akufo-Addo has joined world leaders to condemn the attack on the United Kingdom that led to the death of 22 people. The Ghanaian Times reports on Wednesday that the President described the act as despicable and cowardly. "I condemn these despicable and cowardly acts and extend my deepest condolences to the affected families," the President said in a tweet. The attack took place on Monday night at the end of a concert by US singer,...
(AFP (eng) 05/24/17)
Ghanaian international midfielder Christian Atsu's performances for Newcastle United in regaining their Premier League status earned him a permanent move from champions Chelsea on Wednesday. The 25-year-old -- who scored five goals in 32 Championship appearances as the Rafael Benitez-coached Magpies topped the table -- signed a four-year contract for an undisclosed fee. The transfer to Newcastle is subject to Atsu successfully reapplying for a work permit. "We are happy to sign a good player," Benitez told the club website...
(Reuters (Eng) 05/24/17)
Ghana's government will ask the International Monetary Fund to extend its support programme to December 2018 from April 2018 to boost efforts to stabilize the economy, senior government sources said on Monday. An extension would reassure markets and also likely bring in additional IMF funds to a programme under which Ghana was initially set to receive $918 million over three years, the sources told Reuters. The deal was agreed by the previous government to restore stability to an economy that...
(Reuters (Eng) 05/24/17)
When U.S. President Donald Trump and other leaders of the world's seven major industrialized nations gather in Sicily on Friday, they will enjoy a spectacular view of the Mediterranean Sea, but won't get any glimpse of boats full of migrants. A common sight off Sicily in recent years, the authorities have banned all migrant landings on the island during the Group of Seven Summit for security reasons, telling rescue vessels that pick them up at sea to take them to...
(Bloomberg 05/23/17)
Ghana’s new central bank governor cut the benchmark interest rate to the lowest level in almost two years to help spur economic growth as inflation pressures ease. The Bank of Ghana reduced its key rate to 22.5 percent from 23.5 percent, Governor Ernest Addison told reporters in Accra, the capital, after chairing his first meeting of the Monetary Policy Committee since replacing Abdul Nashiru Issahaku early last month. That’s the lowest rate since July 2015. Five out of eight economists...
(APA 05/23/17)
The Bank of Ghana (BoG) has reduced the policy rate from 23.5 to 22.5, APA learns here. This represents' 100 basic points cut and forms part of government's intention to reduce the rate of lending to propel growth and expansion in the private sector through increased access to credit facilities. The Governor of the Bank, Dr. Ernest Addison, who announced the rate in Accra on Monday, said the decision to reduce the policy rate was due to relatively downward trend...
(APA 05/23/17)
Ghanaian Minister of Trade and Industry, Alan John Kwadwo Kyerematen, has disclosed that 150 foreign and local investors have submitted applications to the government, expressing interest in supporting its drive to build one factory for every district. Speaking in Accra on Monday, he said that the applications were accompanied by business development plans that could facilitate the implementation of the "one district, one factory" promise by New Patriotic Party (NPP) administration. At a forum organised by the government to solicit...
(Reuters (Eng) 05/23/17)
Fossils from Greece and Bulgaria of an ape-like creature that lived 7.2 million years ago may fundamentally alter the understanding of human origins, casting doubt on the view that the evolutionary lineage that led to people arose in Africa. Scientists said on Monday the creature, known as Graecopithecus freybergi and known only from a lower jawbone and an isolated tooth, may be the oldest-known member of the human lineage that began after an evolutionary split from the line that led...
(Reuters (Eng) 05/22/17)
Countries in sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people. If they do that, there is no reason why the region cannot have the strong growth needed to meet the aspirations of a young and growing population. That, at least, is the three-pillared prescription from the International Monetary Fund as expressed by one of its top Africa researchers, Celine Allard, in an official IMF blog post and podcast. Allard co-authored...
(Reuters (Eng) 05/20/17)
France will step up the fight against resurgent Islamist militants in north and west Africa and will work more closely with Germany to help the tinderbox region, President Emmanuel Macron said on his first trip outside Europe on Friday. Visiting Mali days after taking office, Macron vowed to keep French troops in the Sahel region until there was "no more Islamist terrorism" there. He said operations would be escalated in response to signs that militant groups were regrouping and uniting...
(Bloomberg 05/19/17)
Ghana’s new central bank governor, Ernest Addison, is likely to cut interest rates to an almost two-year low in his debut decision. The former African Development Bank economist, in office since the end of March, has room to act on Monday after the inflation rate fell from a record and the currency stabilized. That would extend an easing cycle started by former Governor Abdul Nashiru Issahaku, who cut borrowing costs at two of the six monetary policy committee meetings that...
(Ghana Business News 05/19/17)
Ghana has been described as an important development partner of China on the African continent. “Since the establishment of diplomatic relations between Ghana and China 57 years ago, the two countries have enjoyed fruitful cooperation in the economic and trade fields, bringing tangible benefits to people of the two countries.” Sun Baohung, Chinese Ambassador to Ghana, said this at the opening ceremony of the China Trade week in Accra on Wednesday. She said last year, trade between Ghana and China...
(Graphic Online 05/19/17)
History of gold mining in large quantities in Ghana began in the 15th Century when Portuguese traders encountered gold in the country’s soil along the coast. The country derives its name, Gold Coast, from the abundance of gold in the land. Until 1981, known gold deposits in the country were limited to the southern belt. In 1981, the discovery of gold in the country from the coastal parts right to the northern sectors dramatically changed the landscape of Ghana’s gold...
(Myjoyonline 05/19/17)
Ghana loses billions of cedis worth of productive hours, as a result of bad roads and congestion in urban areas, Dr. Jonathan Annan, a senior lecturer at the Kwame Nkrumah University of Science and Technology (KNUST) Business School has revealed. This is as a result of the several man-hours wasted on the road due to ghastly traffic congestion. People attempt to beat the sickly gridlock by leaving their homes as early as 4am and still report late at work. After...
(Reuters (Eng) 05/19/17)
When rich countries wrote off billions of dollars of African debt in 2005, they hoped governments would think twice about borrowing again in costly foreign currencies. Over a decade later, most sub-Saharan African countries still rely on U.S. dollar-denominated debt to finance their economies. Some investors say this is sowing the seeds of future debt crises if local currencies devalue and make dollar debt repayments more expensive. Aside from South Africa and Nigeria, governments have not yet done enough to...

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(Myjoyonline 05/24/17)
Ghana is set to become the first country in Africa to get a Spaceship Launch pad, following a partnership deal between KESHE Foundation Ghana and BONADES Limited, a Ghanaian-owned Construction Engineering Management (CEM) company. The two companies are combining their expertise for the development and construction of the first-of-its-kind Spaceship Research Centre in Ghana. The agreement comes after the completion of the feasibility studies and preliminary architectural and engineering designs, and presentation to both the Client and foreign Investors. The KESHE Spaceship Research Centre construction will start at the Ghana Atomic Energy Commission in Accra. KESHE Foundation International would invest a total of $21 million on the project, which would consist of an Administration block,...
(Reuters (Eng) 05/24/17)
When U.S. President Donald Trump and other leaders of the world's seven major industrialized nations gather in Sicily on Friday, they will enjoy a spectacular view of the Mediterranean Sea, but won't get any glimpse of boats full of migrants. A common sight off Sicily in recent years, the authorities have banned all migrant landings on the island during the Group of Seven Summit for security reasons, telling rescue vessels that pick them up at sea to take them to the mainland during the two-day meeting. Out of sight does not mean out of mind. Italy chose to host the summit in Taormina, on the cliffs of eastern Sicily, to concentrate minds on Europe's migrant crisis and to seek ways...
(Reuters (Eng) 05/23/17)
Fossils from Greece and Bulgaria of an ape-like creature that lived 7.2 million years ago may fundamentally alter the understanding of human origins, casting doubt on the view that the evolutionary lineage that led to people arose in Africa. Scientists said on Monday the creature, known as Graecopithecus freybergi and known only from a lower jawbone and an isolated tooth, may be the oldest-known member of the human lineage that began after an evolutionary split from the line that led...
(Reuters (Eng) 05/20/17)
France will step up the fight against resurgent Islamist militants in north and west Africa and will work more closely with Germany to help the tinderbox region, President Emmanuel Macron said on his first trip outside Europe on Friday. Visiting Mali days after taking office, Macron vowed to keep French troops in the Sahel region until there was "no more Islamist terrorism" there. He said operations would be escalated in response to signs that militant groups were regrouping and uniting...
(Myjoyonline 05/19/17)
Ghana loses billions of cedis worth of productive hours, as a result of bad roads and congestion in urban areas, Dr. Jonathan Annan, a senior lecturer at the Kwame Nkrumah University of Science and Technology (KNUST) Business School has revealed. This is as a result of the several man-hours wasted on the road due to ghastly traffic congestion. People attempt to beat the sickly gridlock by leaving their homes as early as 4am and still report late at work. After...
(AFP (eng) 05/17/17)
The seasonal rains are due in Ghana, and like every year since 2015, when more than 150 people were killed during the deluge, the disaster looms heavily over the capital, Accra. Authorities are scrambling to prevent a similar emergency when the heavens open by clearing silt, rubbish and sludge from the open drains and waterways of the coastal city. But unfortunately, the task is easier than it sounds because Accra, like other cities in West Africa and beyond, has seen decades of rapid population growth but not enough investment in infrastructure to keep up. The city's drainage system was built in 1963, six years after independence
(Reuters (Eng) 05/17/17)
Gay and lesbian Africans who fled abuse in their home countries face a "culture of disbelief" which makes their experience of seeking asylum in Britain traumatic, a Nigerian lesbian, gay, bisexual, transgender rights (LGBT) campaigner said. Aderonke Apata, 50, who fled persecution in Nigeria, said the practice of assessing Africans' sexual orientation claims based on Western standards was problematic. "They expect an LGBT person to have used sex toys, to go to gay clubs," Apata, an asylum seeker who founded...
(Reuters (Eng) 05/13/17)
Tackling climate change in Africa could help resolve multiple problems ravaging the continent, from drought to refugees and violence, the head of the African Union said on Friday. The mix of global warming with economic woes and political conflicts keeps peace from taking hold, said Moussa Faki Mahamat, the Union's new chairman, at Chatham House, an international think tank. "There is a link between climate change and prosperity, as well as peace, on the continent," Mahamat said in French with...
(AfricaNews 05/12/17)
Ghana is set to have its second successive female Chief Justice with the appointment of Justice Sophia Akuffo, all but confirmed. Her nomination is to be officially announced by the President at a press briefing later today. Local media portals including the state-owned Daily Graphic have reported that she has been nominated by the President Nana Addo Dankwa Akufo-Addo. Her appointment is subject to approval by the country’s parliament. If confirmed by the legislature, she will become the 13th Chief...
(Xinhuanet 05/11/17)
Ghana and Egypt on Wednesday resolved to cooperate to fight terrorism on the continent. The two countries also agreed to open their doors for investors to invest in respective countries. The agreements were made after the Egyptian foreign minister Sameh Shoukry paid a courtesy call on his Ghanaian counterpart Shirley Ayorkor Botchway in Accra. Shoukry is on a two-day official visit to the West African country. “We both agreed that there is the need to cooperate in the area of...
(AfricaNews 05/10/17)
A gas explosion in Ghana’s Western Region has left over 100 people hospitalized. The incident occurred on Tuesday morning during the discharge of liquefied petroleum gas (LPG) at the premises of a household utilities manufacturing company. The state-owned Daily Graphic reports that the injured persons who were all rushed to three medical facilities were responding to treatment. The injured included four firemen, three motor traffic officials and a newspaper vendor. The resulting explosion from the incident in Sekondi/Takoradi (capital of...
(Fox News 05/10/17)
After five years of no major attacks on merchant vessels, piracy around the Horn of Africa seemed to be on hiatus. Acts of piracy in those treacherous waters have fallen sharply since 2012, according to statistics released by the United States Navy. The Navy credits aggressive patrolling by international forces and increased vigilance by the commercial shipping industry for the decrease. However, in the past month, Somali pirates have intercepted five ships, raising concerns that piracy has returned to the...
(Dw-World 05/09/17)
A counter-extremist civil society group in Ghana has helped prevent more than 20 young people from joining the so-called Islamic State. Online recruiters often target vulnerable students who face poor job prospects. The radical militant group "Islamic State" (IS) is known for making headlines in Syria and Iraq, now they are also increasingly making their presence felt in West African countries like Ghana. With almost 24 percent of its population aged between 15 and 24, many vulnerable young Muslims are...
(Spy Ghana 05/08/17)
A civil society group is calling on the Speaker of Ghana’s Parliament, Rt. Hon. Prof. Aaron Mike Oquaye to handover the four parliamentarians alleged to have been involved in visa fraud to the police and the Bureau of National Investigations (BNI) to delve into the matter. Aaron Mike OquayeA statement released here signed by Kingsley Kwabena Amoah, Executive Director for Defence Network for Democracy (DEFNED) expressed worry over the series of allegations against the country’s legislative body, a development the...
(Myjoyonline 05/05/17)
Lands and Natural Resources Minister, John Peter Amewu says the Chinese government is in full support of Ghana's efforts to end illegal mining known as galamsey. He said the Xi Jinping government has given its backing for punitive measures to be meted out to Chinese nationals who are caught engaging in illegal mining in Ghana. Speaking at Joy FM’s Thought Leadership dialogue on galamsey Friday, Mr Amewu said the President Akufo-Addo government will continue to collaborate with civil society groups...
(Voice of America 05/03/17)
African military expenditures have finally slowed down after more than a decade of steady increases, according to a new report on global defense spending. The main reason, the report found, is a drop in oil prices. “The sharp decreases in oil prices has affected quite a number of African countries, namely South Sudan and Angola. This has kind of driven almost the entire regional trend,” said Nan Tian, a researcher at the Stockholm International Peace Research Institute’s (SIPRI) Arms and...
(Xinhuanet 04/28/17)
The World Bank says it will support 52 Ghanaian communities in implementing a sustainable Natural Resource Management program. In a release received from the Ghana office of the bank here on Thursday, the bank said selected local communities in the Brong-Ahafo and Western regions of Ghana would benefit from a 5.5 million U.S. dollar grant. The program is designed to strengthen knowledge and practices in these communities toward reducing deforestation and improving the sustainable management of their activities. It is...
(Xinhuanet 04/28/17)
The United States would expel 7,000 Ghanaians this year for breaching terms of their visa agreement, a U.S. diplomat said on Thursday. U.S. Ambassador to Ghana Robert P. Jackson said the Ghanaians had overstayed their permits and were currently at different stages of their deportation process. "About 7,000 of them are currently at different stages of the deportation process, and we are not apologetic about that," Jackson said at an event in the Brong Ahafo region, 400 km north of...
(Voice of America 04/28/17)
A low-cost and widely available drug could save the lives of 1 in 3 mothers who would otherwise bleed to death after childbirth, according to a new study. Severe bleeding, known as postpartum hemorrhage, or PPH, is the leading cause of maternal death worldwide, killing more than 100,000 women every year. Even for mothers who survive, it is a painful and traumatic experience. The world's poorest countries, especially in Africa and India, are the worst hit. Drug from 1960s But...
(Xinhuanet 04/27/17)
The West African bloc is seeking to strengthen the role of the private sector in health service delivery in the sub-region as financing sources become increasingly difficult, Dr. Xavier Crespin, Director General of the West African Health Organization (WAHO), disclosed here on Monday. He explained that, for the sub-region to be able to attain its health targets, both public and private sector support would be critical in financing the health delivery needs of the countries. Dr. Crespin emphasized this during...

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(Bloomberg 05/24/17)
Ghana is seeking better terms for its debt-support program with the International Monetary Fund as the parties discuss an extension of the agreement beyond an April 2018 deadline, according to a person familiar with the matter. The government will agree to extend the deal in return for a bigger credit facility, said the person, who asked not to be named because the information isn’t public. West Africa’s second-biggest economy will take longer than planned to meet the objective of the program, the Washington-based lender said May 19. Finance Minister Ken Ofori-Atta didn’t answer calls seeking comment. A spokesman for the IMF didn’t immediately respond to requests for comment by phone and email.
(Reuters (Eng) 05/24/17)
Danone and its Dubai-based private equity partner Abraj will together invest $25 million to expand production capacity at the Fan Milk dairy business in Ghana, the French food group said on Tuesday. Attracted by the spending power of a growing middle class, Africa has in recent years become a major area of expansion for Danone and other global consumer product companies such as Unilever, Nestle, Pernod Ricard and Diageo. Paris-based Danone has spent over 1 billion euros ($1.12 billion) since 2013 to expand in Africa through acquisitions in countries including Kenya, Morocco and Ivory Coast. Africa accounts for over 5 percent of Danone's revenue. Sales from West Africa are growing near an annual 20 percent and the target is to...
(Reuters (Eng) 05/24/17)
Ghana's government will ask the International Monetary Fund to extend its support programme to December 2018 from April 2018 to boost efforts to stabilize the economy, senior government sources said on Monday. An extension would reassure markets and also likely bring in additional IMF funds to a programme under which Ghana was initially set to receive $918 million over three years, the sources told Reuters. The deal was agreed by the previous government to restore stability to an economy that...
(Bloomberg 05/23/17)
Ghana’s new central bank governor cut the benchmark interest rate to the lowest level in almost two years to help spur economic growth as inflation pressures ease. The Bank of Ghana reduced its key rate to 22.5 percent from 23.5 percent, Governor Ernest Addison told reporters in Accra, the capital, after chairing his first meeting of the Monetary Policy Committee since replacing Abdul Nashiru Issahaku early last month. That’s the lowest rate since July 2015. Five out of eight economists...
(APA 05/23/17)
The Bank of Ghana (BoG) has reduced the policy rate from 23.5 to 22.5, APA learns here. This represents' 100 basic points cut and forms part of government's intention to reduce the rate of lending to propel growth and expansion in the private sector through increased access to credit facilities. The Governor of the Bank, Dr. Ernest Addison, who announced the rate in Accra on Monday, said the decision to reduce the policy rate was due to relatively downward trend...
(APA 05/23/17)
Ghanaian Minister of Trade and Industry, Alan John Kwadwo Kyerematen, has disclosed that 150 foreign and local investors have submitted applications to the government, expressing interest in supporting its drive to build one factory for every district. Speaking in Accra on Monday, he said that the applications were accompanied by business development plans that could facilitate the implementation of the "one district, one factory" promise by New Patriotic Party (NPP) administration. At a forum organised by the government to solicit...
(Reuters (Eng) 05/22/17)
Countries in sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people. If they do that, there is no reason why the region cannot have the strong growth needed to meet the aspirations of a young and growing population. That, at least, is the three-pillared prescription from the International Monetary Fund as expressed by one of its top Africa researchers, Celine Allard, in an official IMF blog post and podcast. Allard co-authored...
(Bloomberg 05/19/17)
Ghana’s new central bank governor, Ernest Addison, is likely to cut interest rates to an almost two-year low in his debut decision. The former African Development Bank economist, in office since the end of March, has room to act on Monday after the inflation rate fell from a record and the currency stabilized. That would extend an easing cycle started by former Governor Abdul Nashiru Issahaku, who cut borrowing costs at two of the six monetary policy committee meetings that...
(Ghana Business News 05/19/17)
Ghana has been described as an important development partner of China on the African continent. “Since the establishment of diplomatic relations between Ghana and China 57 years ago, the two countries have enjoyed fruitful cooperation in the economic and trade fields, bringing tangible benefits to people of the two countries.” Sun Baohung, Chinese Ambassador to Ghana, said this at the opening ceremony of the China Trade week in Accra on Wednesday. She said last year, trade between Ghana and China...
(Graphic Online 05/19/17)
History of gold mining in large quantities in Ghana began in the 15th Century when Portuguese traders encountered gold in the country’s soil along the coast. The country derives its name, Gold Coast, from the abundance of gold in the land. Until 1981, known gold deposits in the country were limited to the southern belt. In 1981, the discovery of gold in the country from the coastal parts right to the northern sectors dramatically changed the landscape of Ghana’s gold...
(Reuters (Eng) 05/19/17)
When rich countries wrote off billions of dollars of African debt in 2005, they hoped governments would think twice about borrowing again in costly foreign currencies. Over a decade later, most sub-Saharan African countries still rely on U.S. dollar-denominated debt to finance their economies. Some investors say this is sowing the seeds of future debt crises if local currencies devalue and make dollar debt repayments more expensive. Aside from South Africa and Nigeria, governments have not yet done enough to...
(Bloomberg 05/18/17)
Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following this year’s failed merger talks with Shoprite Holdings Ltd. The company said Wednesday it will seek to list businesses including clothing retailer Pepkor and furniture chain JD Group Ltd. on the Johannesburg Stock Exchange, about 18 months after moving its primary listing to Frankfurt from the South African commercial hub. The new business could be worth as much...
(Xinhuanet 05/17/17)
The Government of Ghana will implement a number of measures aimed at increasing domestic resources to finance national developmental efforts, Deputy Minister for Finance Kwaku Kwarteng announced here on Tuesday. Inaugurating the nine-member board of the Ghana Revenue Authority (GRA), the Deputy Minister explained that the introduction of these measures was necessary to increase domestic resources in the country’s resource mix. This is to help minimize the effect of lost external support occasioned by the country’s new status as a...
(Ghana Web 05/17/17)
The Governor of the Bank of Ghana, Dr. Ernest Addison has stated that the issuance of the 2.25 billion dollars bond by government was necessary to restructure Ghana’s debt. Government in April this year issued four bonds totaling 2.25 billion dollars. The Minority in Parliament has petitioned the United States Securities and Exchange Commission after alleging that the issue was done in secrecy. The Bank of Ghana has already defended the bond ruling out any wrongdoing. Speaking at the National...
(Xinhuanet 05/17/17)
Ghanaian energy think tank, Institute for Energy Security (IES) says the prices of petroleum products will drop further this month in the West African country. Petroleum hedgingA statement released here Tuesday signed by Richmond Rockson, Principal Research Analyst at the Petroleum Unit said its prediction was premised on the international crude oil price fall, the stability of the local currency against the United States Dollar (USD). “With crude oil price falling by over 5 percent, gasoline and gasoil prices dropping...
(Xinhuanet 05/17/17)
Ghana’s Forestry Commission said Tuesday that wood fuel remained a very important energy source for households, with its annual consumption estimated at 16 million cubic meters. “It is on record that about 70 percent of Ghanaians depend on wood fuel for their household energy needs and as a major source of livelihood, and its use is dominant in rural households in Ghana”, the commission said in a release issued ahead of the International Day of Forests scheduled for May 24-25...
(Bloomberg 05/16/17)
When the impoverished West African nation of Niger imposed a ban on donkey exports last year, a small community of traders just over the border in Nigeria was devastated. “Before the ban, you could see thousands of donkeys here,” said Mohammed Sani, a 45-year-old trader in the Nigerian town of Jibiya, as he wiped the sweat off his brow. “Now look at them: there’s no more than 50, crippling the business.” Donkeys are being slaughtered at an alarming pace to...
(Reuters (Eng) 05/12/17)
Fitch ratings agency upgraded Ghana's outlook to stable on Friday and said the government was making progress in stabilizing the economy after a period of crisis. The agency kept its 'B' rating on the gold, oil and cocoa producer, but said it expected a revival of GDP growth and a decline in inflation and the budget deficit. Ghana was seen as having one of Africa's most dynamic economies until it was hit by fall in oil prices and a fiscal...
(Ghana Business News 05/12/17)
Madam Cecilia Dapaah, Minister for Aviation said the Ministry would make the Ho Airport an aviation training and maintenance hub, when completed. She said the nation’s aviation industry was losing pilots and crew to other airlines and that the Ho Airport would be positioned to train people for the industry. Madam Dapaah who inspected construction work at the $25 million dollar airport on Friday said the facility would provide flights to and from other parts of the country, and would...
(Spy Ghana 05/12/17)
Former first lady and 2016 Presidential Candidate of the National Democratic Party (NDP) said the country’s economy was destroyed by the previous National Democratic Congress (NDC) government through bad policies. Nana KonaduSpeaking on Joy fm’s personality profile Thursday night, the former first lady said the evidence of poverty and filth was visible across the country. She said, “I went round the country and I saw poverty staring at me…the likes of poverty that I hadn’t seen since 1982(3) and it...

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(APA 05/24/17)
Ghanaian soccer fans on Wednesday expressed the hope that their team will progress to the final of the ongoing U-17 tournament in Gabon, when they meet Niger in a semi-final berth later in the day. The team garnered 7 points to top Group A after beating Cameroon 4-0, Gabon 5-0 and a goalless draw with Guinea, making it the team that has not conceded a goal in the tournament so far. It was also the first team to qualify for the FIFA India U-17 tournament during the tournament with its captain, Eric Ayiah, fighting for the golden boot award with 4 goals. Jones Ampiah Biney, a soccer fan, said: "I am very hopeful that with...
(AFP (eng) 05/24/17)
Ghanaian international midfielder Christian Atsu's performances for Newcastle United in regaining their Premier League status earned him a permanent move from champions Chelsea on Wednesday. The 25-year-old -- who scored five goals in 32 Championship appearances as the Rafael Benitez-coached Magpies topped the table -- signed a four-year contract for an undisclosed fee. The transfer to Newcastle is subject to Atsu successfully reapplying for a work permit. "We are happy to sign a good player," Benitez told the club website. "He's shown us that he's a good professional and someone who is very keen to learn and improve. "Christian has been a key part of our promotion campaign and he wants to help us to build something for the future."...
(Ghana Web 05/17/17)
Black Stars Head Coach Kwesi Appiah has raised fresh hope of the return of both Sulley Muntari and Kevin-Prince Boateng after suggesting that the two will be considered for selection for the team provided their performances merit a call-up. Both players were banished and subsequently suspended indefinitely from the team after an incident during the 2014 World Cup campaign. Muntari was booted out after he was alleged to have made an unprovoked physical attack on an Executive Committee member of...
(Xinhuanet 05/08/17)
Ghana's deputy sports minister Pius Hadzide on Friday condemned the racist attack on former Black Stars midfielder Sulley Muntari who plays for Pescara in the Italian Serie A, calling on the Italian FA to take firm unbiased and fair steps to ensure that such actions do not repeat themselves. The Ghanaian international walked off the pitch in Pescara's game against Cagliari last Sunday after fans of the home side rained racist insults on him. He was subsequently handed a one-match...
(AFP (eng) 05/06/17)
Pescara midfielder Sulley Muntari's one-match ban for leaving the pitch in protest at racial abuse has been overturned, the Italian football federation (FIGC) said on Friday. The Ghanaian walked off just before the end of last Sunday's Serie A game at Cagliari after angrily confronting home fans, claiming to have been racially abused before being booked. The 32-year-old received an automatic one-match suspension following his dismissal as he was initially booked for dissent, before receiving a second yellow for leaving the field. But the sanction was lifted by the FIGC's appeal court.
(AFP (eng) 05/03/17)
World players' union FIFPro urged Italian football powers Tuesday to quash Sully Muntari's yellow card for leaving the pitch over the weekend, after fans hurled racial abused at the Ghanaian player. The former AC Milan and Inter midfielder dramatically left the field Sunday while playing for Pescara at Cagliari after he angrily confronted Cagliari fans, claiming to have been racially abused before being booked. While leaving the pitch in frustration and murmuring "Basta! (Enough)", Muntari went to address more supporters,...
(AFP (eng) 05/02/17)
The United States will take on old rivals Ghana in a friendly international on July 1 as they build-up to the CONCACAF Gold Cup, it was confirmed Monday. US Soccer said in a statement the match would take place at the Pratt & Whitney Stadium in East Hartford, Connecticut. "Ghana is certainly a team that brings different challenges, and it's the type of competition we need as we continue to develop our program," US head coach Bruce Arena said in...
(Ghana Web 04/26/17)
In-coming Black Stars coach, James Kwasi Appiah has held a closed-door meeting with Ghana President Nana Akufo-Addo, www.footballghana.com has reported. The meeting which was held on Tuesday at the Flagstaff House precedes Appiah's official announcement as coach of the senior national team. The 56-year-old is expected to sign a two-year deal with the Ghana Football Association (GFA), an appointment which has the blessing of President Akufo-Addo. Appiah's visit to the seat of government precedes a similar trip to the Ministry...
(AFP (eng) 04/18/17)
Michael Essien and Carlton Cole are facing problems in Indonesia after their new club admitted it had not obtained work permits for the ex-English Premier League players. The two were signed with great fanfare last month by Persib Bandung, one of the country's best clubs, in a boost for Indonesian football as it seeks to bounce back from a FIFA suspension and launch a new league. But the club is now set to be questioned by immigration authorities after the...
(Ghana Web 04/06/17)
Ghana's inactivity during the FIFA date for international friendlies has cost the Black Stars on the world ranking after slipping two places. The Black Stars are now ranked 45th in the world but still remained eighth in Africa as FIFA took into account 129 games played. Egypt remained the Africa No.1 country as they moved up one place to 35th on the table; followed by Senegal, Cameroon and Burkina Faso. Ghana could not accumulate points after failed to arrange for...
(Graphic Online 04/04/17)
Norfolk State University (NSU) freshman Martha Bissah's MEAC-leading 800-meter time was among the highlights in a runner-up team finish for the NSU women's track and field team at the Colonial Relays hosted by William & Mary over the weekend. Bissah, the MEAC indoor champ in the 800m, ran her first race at that distance this outdoor season at W&M. She won her heat in 2 minutes, 8.45 seconds. Bissah was third overall in the field behind American's Brianna Belo and...
(Graphic Online 04/04/17)
Barring any last minute change of mind, former Black Stars coach, James Kwasi Appiah, is set to make a comeback to the senior national team as the head coach following his recommendations by the Ghana Football Association (GFA) six-man search committee and pending approval from the FA’s Executive Committee (ExCo). The Search Committee last Friday interviewed three applicants — Kwasi Appiah, Frenchman Willy Sagnol and Belgian Hugo Broos currently with Cameroun — shortlisted from the hundreds of applicants last month,...
(Ghana Web 03/28/17)
What was supposed to be harmless and genuine quest for information might have landed two top officials of the Ghana Football Association (GFA) in trouble per Papua New Guinean laws on sexual harassment. Isaac Addo, the acting FA General Secretary, and Nanabanyin Eyison, a member of the GFA’s Executive Committee and also chairman of the management committee of the national female Under-20 team, are battling to clear their names of charges of sexual harassment brought against them by the Ethics...
(Ghana Web 03/24/17)
Legendary Ghanaian coach Herbert Addo has passed away at the 37 Military Hospital in Accra after battling a short illness. Herbert Addo’s health had been deteriorating and was recently admitted at the Emergency Medical Ward. Herbert Addo is reported to have died around 11 am on Friday. He was 65. Addo coached the Black Stars in 1980. Herbert Addo won the league title with Asante Kotoko (1988), Goldfields S.C now Ashgold (1994/95 and 1995/96), Accra Hearts of Oak (2002), and...
(BBC News Africa 03/21/17)
A footballer whose post-match interview went viral after he thanked his wife and girlfriend has denied being unfaithful. Ghanaian Mohammed Anas, of South Africa's Free State Stars, told the BBC he was referring to his daughter. "My family knows that I call my daughter my girlfriend. That's what I was talking about. I don't have a girlfriend," he said. Anas said he was not worried about his wife's reaction. He said he was surprised how many people had watched the...
(AFP (eng) 03/20/17)
Ghanaian referee Joseph Odartei Lamptey was on Monday banned for life by world football's governing body FIFA for match fixing. The Confederation of African Football (CAF) had already slapped a three-month ban on Lamptey after he awarded South Africa a controversial penalty in their 2-1 victory over Senegal in a 2018 World Cup qualifier on November 12, 2016. "The official was found guilty of unlawfully influencing match results," FIFA said in a statement. Zurich-based FIFA said it was dismissing charges...
(AFP (eng) 03/16/17)
Africa will host a Commonwealth Games one day despite the blow of Durban being stripped of hosting the 2022 edition, David Grevemberg, the chief executive of The Commonwealth Games Federation (CGF), told AFP. Durban lost the right to host the Games on Monday -- just 18 months after being awarded them -- when it failed to meet criteria laid down by the CGF, primarily over costs. "I wouldn't want to make a judgement call," Grevemberg told AFP on the sidelines...
(Ghana Web 03/14/17)
Former Black Stars captain Stephen Appiah has advised the Ghana Football Association to appoint a local trainer as the next Black Stars coach. The GFA are on the verge of appointing a new coach for the team following Avram Grant's departure after the Africa Cup of Nations in Gabon. With some clamouring for an appointment of a local coach others are of the view that the job should be given to an expatriate. Appiah believes giving the job to a...
(Ghana Web 03/09/17)
Ghana legend Wilberforce Mfum has questioned the stature of Rev. Osei Kofi, rejecting constant claims by the ex-Kotoko star he's the best ever player to have emerged from the West African nation as 'comical'. In a damning assessment of the self-acclaimed 'greatest footballer', the hard-hitting Mfum claimed Osei Kofi was a 'kid' who failed woefully during his time at Hearts of Oak and was only revived when he cross-carpet to join rivals Asante Kotoko. The debate about the greatest footballer...
(Ghana Web 03/03/17)
Ghana midfielder Kwadwo Asamoah is ready to make a return to the Black Stars team, a close source to the player has revealed to Ghanasportsonline.com. The player has been out of the Black Stars team for almost two years now due to injury. Asamoah exempted himself from the Ghana squad for the 2017 Africa Cup of Nations after hinting he will like to focus on is Club career. Information gathered by Ghanasportsonline.com indicates the 27-year-old is now ready to join...

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(AFP (eng) 05/26/17)
Entertainment | France | film | festival | Cannes | Zambia | witchcraft Cannes, France | AFP | Friday 5/26/2017 - 14:01 UTC+3 | 615 words by Katy Lee Being accused of witchcraft is no laughing matter in Africa -- but movie director Rungano Nyoni decided a dose of humour was just what was needed to tackle a problem rampant in parts of the continent. Set in Zambia, the sharp satire "I Am Not A Witch" has premiered to strong reviews at the Cannes film festival, taking aim at the blatant sexism behind accusations that overwhelmingly target women. White tourists are seen gawping at women detained in a "witch camp" in the movie, taking pictures...
(Xinhuanet 04/18/17)
Africa's diaspora is playing a big role in the economic transformation of the continent, the UN said on Tuesday. UN Population Fund (UNFPA) Regional Director Dr Julitta Onabanjo told Xinhua in Nairobi that remittances are important source of income for many African families. "The diaspora therefore complements government efforts to lift many families out of poverty," Onabanjo said on the sidelines of the First Africa-China Conference on Population and Development. Onabanjo said that Africans in the diaspora also bring back to the continent, the valuable skills and knowledge that they have acquired in the developed world. "This pool of skilled labour can help the continent address challenges that hinder social economic development," she added. The director noted that remittances resulting...
(Ghana Web 04/04/17)
Actress Bibi Bright is fending off criticisms that she was appointed to the Creative Arts Council as a reward for campaigning for the New Patriotic Party (NPP) in the 2016 elections. The actress, now a secretary to the Creative Arts Council, says she campaigned for the party and its flagbearer, now president, Nana Addo Dankwa Akufo-Addo because she wanted change just like most Ghanaians. The Minister of Tourism, Arts and Culture, Catherine Afeku on March 1 inaugurated the Creative Arts...
(APA 03/16/17)
The appointment of deputy ministers and brutalities meted out by some airmen in the Western Region of Ghana dominate the Ghanaian media on Thursday. Img : Ghana: Press focuses on deputy ministerial appointments, brutality by airmen The Daily Graphic says 50 deputy ministers have been appointed by President Nana Addo Dankwa Akufo-Addo to serve in the various ministries. This according to the newspaper, brings the total number of ministers appointed to 110. It gave the breakdown of total nominations made...
(Ghana Web 03/03/17)
Although she admits she has a ‘kankpe’ body, she never feels shy to ‘flaunt’ when necessary and has not been bothered about any comment which may seem to mock her. On a number of occasions, Wiyaala has shared photos of herself at beaches in her bikinis but it appears the latest one, taken at a beach in Plettenburg Bay, South Africa has attracted folks and they really want to rock her body! According to Wiyaala who appeared on Hitz FM’s...
(AFP (eng) 03/02/17)
A film raging against colonialism and the exploitation of Africa wowed viewers at the continent's top cinema festival Wednesday, winning shouts of approval at a screening packed to bursting point. "The African Storm" tells the story of an African president who nationalises businesses run by racist, cynical Western executives. Directed and produced by its Beninese star Sylvestre Amoussou, it tackles several hot-button issues including an exit from the CFA franc currency, closer ties with Russia and China as opposed to...
(Ghana Web 02/28/17)
Quata Budukusu, the king and originator of tongue- twisting rap has promised to bring musical death on Ghanaian rapper Sarkodie and his entire crew. Quata Budukusu who took Sarkodie’s latest single ‘Shout’ as a lyrical war (beef) to him says he would not relent in responding to the latter accordingly. The ‘Ginger’ hitmaker quickly took to Facebook to make this announcement. He wrote; “Finally the Coward Sark, grew some balls to throw shots at me….interesting…. Time to bring Death to...
(AFP (eng) 02/27/17)
An African road movie about four women wowed its audience Sunday as it kicked off the Panafrican cinema and television festival (Fespaco), a showcase for the continent's burgeoning film industry. "Borders" ("Frontieres") directed by Apolline Traore, a Fespaco laureate in 2013, sweeps across Africa as its protagonists journey through Senegal, Mali, Burkina Faso and Benin on their way to Nigeria. Along the way the women -- Ivorian, Senegalese, Burkinabe and Nigerian actresses -- are spared nothing as they are beset...
(AfricaNews 01/18/17)
Ghana’s powerful Ashanti kingdom escorts its queen mother to the ancestral village. The funeral of Nana Afia Kobi Serwaa Ampem II, who died last year at 111 years is a big deal in the gold-rich Ashanti region of the country. The queen, known as the ‘Asantehemaa,’ was the mother of the current overlord of the kingdom, Otumfuo Osei Tutu II. Nana Afia Kobi, was the 13th Ashanti Queen and reigned for 39 years. But beyond the really colourful and deeply...
(Graphic Online 01/18/17)
The Indian High Commission will hold a “Festival of India-Matri” from January 25 to March 15, 2017 to commemorate 60 years of a strong bond of friendship between India and Ghana. The festival will be held in collaboration with Ghana’s Ministry of Tourism, Ministry of Foreign Affairs and Regional Integration, as well as the governments of both countries. The Indian High Commissioner, Mr Birender Singh, announced this at a press briefing held in Accra. He said the festival to be...
(AFP (eng) 01/04/17)
A fancy dress New Year festival that began almost a century ago in Ghana as a searing satire of colonial life is still thriving today, with hundreds of people dressing up and donning masks. On the streets of Winneba, a fishing town a two-hour drive from the capital Accra, a four-metre tall Santa Claus waving Ghana's flag marches past a wolf shimmying to the jazzy beats played by a brass band. Children wearing matching pink and white cowboy outfits decorated...
(Ghana Business News 11/30/16)
Dr Edward Omane Boamah, Minister of Communications, has urged the media to develop interest in judgement debts issues in its totality and stop being selective over the matter in their discourse. He urged the media to do further investigations on the on-going “Woyome Judgement Debt Saga” and bring the outcome to their listeners and audience. The Minister who was speaking during his turn of the meet-the-press series in Accra, said the media was silent on the numerous judgement debt cases...
(APA 11/30/16)
The press in Accra on Wednesday focused on the call for peace by three eminent Ghanaians and the declaration by President John Dramani Mahama that the elections will be peaceful. The Daily Graphic publishes that three eminent Ghanaians, Togbe Afede XIV, President of the National House of Chiefs, Chief Imam, Sheik Osman Nuhu Shaributu, and Most Rev. Philip Naameh, the President of Catholic Bishops Conference, have called on voters to preserve the peace of the nation. They made the appeals...
(APA 11/17/16)
The Supreme Court of Ghana giving a former attorney general the chance to orally examine a businessman in an effort to recover a controversial judgment debt dominates the headlines of Ghanaian newspapers on Thursday. The Daily Graphic, Daily Guide, Ghanaian Times and others all gave the story a front page attention with diverse headlines. They said the Supreme Court on Wednesday granted permission to Mr. Martin Alamisi Amidu, to orally examine Mr. Alfred Agbesi Woyome over his assets. It has...
(APA 11/09/16)
The re-submission of forms by some disqualified candidates and the question as to who gets the nod on Wednesday dominate the headlines of Ghanaian newspapers on Wednesday. The Daily Graphic says the Electoral Commission (EC) will decide the fate of nine (9) disqualified presidential aspirants who re-submitted their nomination forms in conformity with the Supreme Court order to the Commission. They include eight political party leaders and one independent candidate. The Ghanaian Times asked the question as to who will...
(The Guardian 11/09/16)
Kiosk-sized cultural exhibition will travel across the country’s 10 regions in December. An innovative project in Ghana aims to make moveable museums available nationwide by taking a small kiosk-sized gallery on the road to showcase artworks and cultural artefacts. The “kiosk museum” is the brainchild of Nana Oforiatta Ayim, a writer and film-maker, and founder of ANO, a non-profit art space in Accra. She decided to make use of an ubiquitous feature of west African architecture: the semi-legal containers present...
(Ghana Web 11/08/16)
Joke Silva, a veteran actress, has said she’ll never accept a sum lower than her value for a movie role. In a recent chat with TheCable Lifestyle, Silva noted that it took her several years to build a solid brand, adding that it would be a disservice to herself to settle for less. She said: “The simple reason I don’t appear in movies is that when I get offered films, what they are offering to pay is ludicrous. So I’m...
(Graphic Online 11/07/16)
The Musicians Association of Ghana (MUSIGA), raised an estimated GH¢32,000 for the Ageing Musicians Welfare Fund (AMWeF) and the MUSIGA Academy at this year’s edition of the MUSIGA Grand Ball which came off Friday, November 4, at the Banquet Hall of the State House. To raise the funds, MUSIGA auctioned off a number of musical instruments and items belonging to legendary Ghanaian musicians including the Best of Nana Ampadu’ album, PK Yamoah’s guitar, AB Crentsil’ dondo and Rev. Kusi Berko’s...
(APA 11/03/16)
The deportation of 108 emigrants from the United States of America and the inauguration of an Information Communication Technology (ICT) data centre dominate the headlines of Ghanaian newspapers on Thursday. The Ghanaian Times said the 108 Ghanaians were deported from the USA after serving various jail sentences for drug related and other offences. They arrived at the Kotoka International Airport in the company of some security personnel and were met by some police personnel, the National Disaster Management Organisation and...
(Ghana Web 10/25/16)
Emmanuel Kojo Quayeson, better known by his stage name as Vybrant Faya is a dancehall artiste from Tema. He was born on April 13, 1987 to Mr Samuel K Quayson and Miss Theresah Ackon. Vybrant Faya started singing at early age with the local church groups. With his dream to become a professional musician he pursued his education very determined and after secondary school, he enrolled into a technology college where he gained certificate as an IT technician. Even in...

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(Bloomberg 05/24/17)
Ghana is seeking better terms for its debt-support program with the International Monetary Fund as the parties discuss an extension of the agreement beyond an April 2018 deadline, according to a person familiar with the matter. The government will agree to extend the deal in return for a bigger credit facility, said the person, who asked not to be named because the information isn’t public. West Africa’s second-biggest economy will take longer than planned to meet the objective of the program, the Washington-based lender said May 19. Finance Minister Ken Ofori-Atta didn’t answer calls seeking comment. A spokesman for the IMF didn’t immediately respond to requests for comment by phone and email.
(Bloomberg 05/23/17)
Ghana’s new central bank governor cut the benchmark interest rate to the lowest level in almost two years to help spur economic growth as inflation pressures ease. The Bank of Ghana reduced its key rate to 22.5 percent from 23.5 percent, Governor Ernest Addison told reporters in Accra, the capital, after chairing his first meeting of the Monetary Policy Committee since replacing Abdul Nashiru Issahaku early last month. That’s the lowest rate since July 2015. Five out of eight economists in a Bloomberg survey forecast a cut and the rest predicted borrowing costs will stay unchanged. The central bank reduced its key rate in November for the first time in more than five years even as inflation has been outside...
(Bloomberg 05/19/17)
Ghana’s new central bank governor, Ernest Addison, is likely to cut interest rates to an almost two-year low in his debut decision. The former African Development Bank economist, in office since the end of March, has room to act on Monday after the inflation rate fell from a record and the currency stabilized. That would extend an easing cycle started by former Governor Abdul Nashiru Issahaku, who cut borrowing costs at two of the six monetary policy committee meetings that...
(Bloomberg 05/18/17)
Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following this year’s failed merger talks with Shoprite Holdings Ltd. The company said Wednesday it will seek to list businesses including clothing retailer Pepkor and furniture chain JD Group Ltd. on the Johannesburg Stock Exchange, about 18 months after moving its primary listing to Frankfurt from the South African commercial hub. The new business could be worth as much...
(AL Jazeera 05/16/17)
When John Mahama stepped down as president of Ghana in January 2017, he became the first in his country's history to fail to secure a second term in office. Critics argued that Mahama, who was nicknamed Mr Power Cut because of a series of debilitating power cuts during his term, was unable to meet the expectations of ordinary Ghanaians. But Mahama has also been praised for the role he played during the Ebola crisis, and most recently for helping convince...
(AL Jazeera 05/12/17)
Former Ghanaian president says political problems in South Africa, Nigeria and Egypt will affect the entire continent. When John Mahama stepped down as president of Ghana in January 2017, he became the first in his country's history to fail to secure a second term in office. Critics argued that Mahama, who was nicknamed Mr Power Cut because of a series of debilitating power cuts during his term, was unable to meet the expectations of ordinary Ghanaians. But Mahama has also...
(Fox News 05/10/17)
After five years of no major attacks on merchant vessels, piracy around the Horn of Africa seemed to be on hiatus. Acts of piracy in those treacherous waters have fallen sharply since 2012, according to statistics released by the United States Navy. The Navy credits aggressive patrolling by international forces and increased vigilance by the commercial shipping industry for the decrease. However, in the past month, Somali pirates have intercepted five ships, raising concerns that piracy has returned to the...
(Dw-World 05/09/17)
A counter-extremist civil society group in Ghana has helped prevent more than 20 young people from joining the so-called Islamic State. Online recruiters often target vulnerable students who face poor job prospects. The radical militant group "Islamic State" (IS) is known for making headlines in Syria and Iraq, now they are also increasingly making their presence felt in West African countries like Ghana. With almost 24 percent of its population aged between 15 and 24, many vulnerable young Muslims are...
(Voice of America 05/05/17)
As Africa grapples with a severe drought, and famine threatens millions of people, experts at the World Economic Forum on Africa this week in the South African city of Durban say food security needs to be a major part of discussions on advancing the continent economically. The annual World Economic Forum in Switzerland is usually a high-powered event, but at this week’s Africa meeting of the international organization, the continent’s big players are welcoming the humble farmer, now known as...
(Bloomberg 05/04/17)
Ghana is considering reducing prices for the cocoa beans it sells to local grinders in a bid to boost processing volumes and create more employment. The world’s second-largest producer of the chocolate ingredient plans to raise local processing to 50 percent of national bean output from 20 percent currently, according to the Ghana Cocoa Board, the industry regulator. Ghana has about 12 cocoa-processing companies with an installed capacity that’s estimated to total about 400,000 metric tons, or about half the country’s average harvest over the last three years. Processors in the West African nation, including Barry Callebaut AG
(Voice of America 05/03/17)
African military expenditures have finally slowed down after more than a decade of steady increases, according to a new report on global defense spending. The main reason, the report found, is a drop in oil prices. “The sharp decreases in oil prices has affected quite a number of African countries, namely South Sudan and Angola. This has kind of driven almost the entire regional trend,” said Nan Tian, a researcher at the Stockholm International Peace Research Institute’s (SIPRI) Arms and...
(Bloomberg 05/02/17)
Saudi Aramco is seeking to boost its fuel-trading volume by more than a third as the world’s biggest crude exporter expands its capacity to refine oil to grab a bigger share of growing markets in Asia and Africa. Aramco, as Saudi Arabian Oil Co. is known, is building refineries in the kingdom and in Asia to help it increase sales and purchases of gasoline, diesel and other products to more than 2 million barrels a day, said Ibrahim Al-Buainain, chief...
(Voice of America 04/28/17)
Ghana's finance minister says investors were optimistic in meetings with senior government officials who accompanied Vice President Mahamudu Bawumia to the World Bank spring meetings in Washington. In an interview with VOA, Ken Ofori-Atta said investors detected a new energy, and a sense of hope in a team that is focused on getting Ghana out of its current predicament. He also said that with a new government in place, the world is ready to see Ghana shine again in a much more stable West Africa. "We came in on a platform of change and real hope that we will revitalize the economy and create jobs
(Voice of America 04/28/17)
A low-cost and widely available drug could save the lives of 1 in 3 mothers who would otherwise bleed to death after childbirth, according to a new study. Severe bleeding, known as postpartum hemorrhage, or PPH, is the leading cause of maternal death worldwide, killing more than 100,000 women every year. Even for mothers who survive, it is a painful and traumatic experience. The world's poorest countries, especially in Africa and India, are the worst hit. Drug from 1960s But...
(Bloomberg 04/26/17)
Ghana’s cocoa regulator ruled out cutting the price it pays farmers for the new harvest that starts in October, at a time when nations are working together to stem a rout in prices. The amount paid to farmers in the world’s second-biggest grower will be unchanged and may even rise in the new season, Joseph Boahen Aidoo, chief executive officer of the Ghana Cocoa Board, said in Abidjan, the commercial capital of neighboring Ivory Coast. Aidoo was attending an emergency...
(Bloomberg 04/20/17)
WorldRemit Ltd., a British money-transfer operator, sees revenue from transactions involving Africans doubling by 2020 as more people on the continent access mobile-payment platforms and expatriates send cash home. The seven-year-old company, in which Facebook Inc.-backer Accel Partners LP invested $40 million in 2014, will this year open a regional office in South Africa, its largest market on the continent in terms of money-transfer value, founder and Chief Executive Officer Ismail Ahmed said in an interview. Another site will start...
(Voice of America 04/17/17)
The Italian coast guard says it has rescued nearly 6,000 migrants on the Mediterranean since Friday, underscoring the continued flow of people along this dangerous route. A group of Africans living in Europe visited Cameroon this week to launch a campaign against illegal migration. The group is called “No More Death in the Desert or on the Sea.” Its mission is simple: to educate youth in Africa about the harsh realities of illegal migration. "We want to tell them that...
(Financial Times 04/13/17)
Ghana intends to end its three-year $918m loan deal with the International Monetary Fund as scheduled in April of next year, the country’s finance minister said on Thursday. Ken Ofori-Atta told a news conference that ending the IMF programme it inherited from the previous government “means a lot more hard work” and “some very tough decisions…regarding our deficit” in the 2017 budget. His carefully worded comments come after two weeks of talks in the capital, Accra, with the IMF and...
(Voice of America 04/05/17)
A Red Cross report says African countries are failing their internally displaced people. Reversing that trend was the subject of a high level meeting of the International Red Cross and the African Union that wrapped up Tuesday in Zimbabwe. Africa has about 13 million internally displaced people, a third of the global number of IDPs, and more than double the amount of refugees on the continent. By definition, refugees flee across a national border, while IDPs leave their homes but...
(Bloomberg 04/04/17)
The scores of giant potholes that scar the roads from commercial capital Abidjan to Daloa in the heart of Ivory Coast’s cocoa belt have become deep, muddy puddles, filled by heavy tropical showers. While drivers making the tortuous journey from the Atlantic coast into the hot interior have reason to curse the wet weather, for farmers in the world’s largest cocoa producer the rains mean the prospect of another record crop. "We’ve got beneficial rains this season," said Abdoulaye Baro,...

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