Ghana | Africatime
Monday 02 March 2015

Ghana

(Reuters (Eng) 02/28/15)
Nairobi — The World Bank is working with other development finance institutions to raise some $500 million to modernise weather and flood forecasting services in Africa. Daniel Kull, a disaster risk specialist with the World Bank, said it was talking to lenders, including the African Development Bank and the Islamic Development Bank, about mobilising the funds to improve prediction, particularly in sub-Saharan Africa. More accurate and timely warnings of extreme weather would help protect lives and assets from disasters, experts say. "Hydro-meteorological services are badly strained in Africa, but we need to go beyond just providing equipment for forecasting and data processing - we also need to take care of training of personnel and maintenance...
(BBC News Africa 02/27/15)
Ghana has struck a deal with the International Monetary Fund aimed at stabilising its troubled economy. The three-year deal follows months of talks prompted by the government's failure to meet targets on inflation, the budget deficit and growth. The Ghanaian economy had been expanding at about 8% annually on the back of gold, cocoa and oil exports. However, growth fell to 4.2% in 2014 as commodity prices fell and the currency depreciated. The economic crisis has led to severe power shortages. President John Dramani Mahama told parliament that he intended to fix the shortages, rather than "manage them".
(Xinhuanet 02/27/15)
BUDAPEST, Feb. 26 (Xinhua) -- Hungarian Foreign Minister Peter Szijjarto and Ghanaian Foreign Minister Hanna Tetteh on Thursday voiced mutual interest in building economic ties and in opening embassies in each other's country. Addressing a joint news conference in Budapest, Szijjarto said Hungary would open an embassy in Accra in 2016, and had a trading center operating in Ghana since last year. In addition, he said, the Eximbank had provided a 50 million dollar line of credit for Hungarian businesses...
(Voice of America 02/27/15)
Ghanaian President John Dramani Mahama said his government will correct the country’s chronic electricity problem. Speaking Thursday to the country’s parliament in a state of the nation address, Mahama said all Ghanaians are feeling the pinch of the power crisis, and businesses and industries are threatening to lay off workers. He said his government is developing a partnership with the private sector to install solar panels centers throughout the country. The president also promised to enhance output of traditional power sources, such as hydro and gas. The main opposition National Patriotic Party (NPP) held a demonstration earlier this month calling on Mahama to step down if his government could not increase electricity.
(Dw-World 02/27/15)
Ghana's President John Mahama has told parliament he would not just manage the country's energy crisis, but fix it. The New Patriotic Party's (NPP) Paul Afoko says the energy crisis is a sign of deeper problems. DW: In his State of the Nation address to parliament, Ghana's President John Mahama has said he will fix the country's worsening energy crisis and has promised to add additional capacity to the electricity grid. Paul Afoko, you're chairman of the opposition party, NPP,...
(Xinhuanet 02/27/15)
ACCRA, Feb. 27 (Xinhua) -- Ghana has named its final squad for the 2015 Africa Youth Championship scheduled for Senegal next month. The head coach of the Black Satellites Sellas Tetteh released his final 21-man squad for the tournament which begins from March 8 and ends on March 22 in the West African nation. Ghana is three-time African U-20 champions and will be aiming for a fourth title. The Black Satellites who are currently fine-tuning in Turkey have been paired...
(BBC News Africa 02/27/15)
Ghana's government has scrapped a controversial ban on newly qualified nurses travelling to find more lucrative employment abroad. They introduced it 10 years ago when the West African country was suffering from a shortfall of nurses as many headed off for better opportunities in the West. It began a scheme funding the education of nurses who then had to agree to work for the next five years in Ghana. But now the government says it has enough nurses and it...
(Ghana Web 02/27/15)
Mr Ishmael Yamson, Chairman of the Economic Advisory Council of the President of Ghana, has called for the formulation of definite long-term strategic plan to effectively drive the vision of socio-economic prosperity for the country. According to him, Ghana would not make any meaningful headway if things continued to be done the same way as it had been over the years. Mr Yamson, made the call at the first Public Forum on Ghana’s Monetary Policy Stance and the National Budget...
(Reuters (Eng) 02/27/15)
SHANGHAI (Reuters) - China has announced a one-year ban on the import of African ivory carvings ahead of next week's visit by Britain's Prince William, a strong critic of the ivory trade. China will halt approval for imports until late February next year, newsagency Xinhua reported on Thursday, citing the State Forestry Administration, which regulates the trade. The ban will affect carvings acquired after 1975, it added. Prince William has previously been critical of China over its consumption of ivory,...
(Myjoyonline 02/26/15)
Ghana reached an agreement with the International Monetary Fund (IMF) on Wednesday for a three-year aid deal worth around $1 billion aimed at restoring fiscal stability to the country, a source close to the talks told Reuters. The deal could represent a turning point for Ghana, a stable democracy and producer of gold, cocoa and oil whose economy lost much of its shine since it reported a budget deficit of nearly 12 percent in 2013. The agreement is the culmination...
(Myjoyonline 02/26/15)
The Minority in Parliament has said it will present a 'true' State of the Nation address on Wednesday March 4, 2015. This is to counter President John Mahama’s version of the State of the Nation which was presented in Parliament today. Minority leader in Parliament Osei Kyei Mensah-Bonsu said the content of the President’s message will “certainly be discussed but the true state of the nation will be unveiled on Wednesday.” The minority members were sombre in their black and...
(Ghana Web 02/26/15)
Investors who’ve been punishing Ghana bonds amid lax government fiscal policies and the plunge in oil are giving the debt a fresh look this month as talks with the International Monetary Fund progress. Yields on the West African nation’s $1 billion of securities due January 2026 have dropped 2.21 percentage points since reaching an all-time high on December 16. Ghana’s dollar notes, which lost 3.5% last month, have returned 8.5% in February, the most after Venezuela among 58 emerging markets...
(Myjoyonline 02/26/15)
Power Minister Kwabena Donkor has responded to President Mahama’s warning to possibly sack him if he fails to realize his public promise to end the power crisis by December 2015. The Minister told Joy News, “I have put my political career on the line” and that he is ready “to take personal responsibility” for the energy crisis popularly known as ‘dumsor’ in local parlance. In a rare show of grit and teeth, President Mahama reminded the Minister during his 2015...
(Ghana Web 02/26/15)
President John Mahama has called on Ghanaians and heads of various institutions to join in the fight against corruption. Delivering his third State of the Nation Address to Parliament on Thursday, President Mahama said “Ghana is bleeding from various acts of mismanagement”. President Mahama assured to “continue to support anti-corruption bodies in their investigations and take action against those found guilty”. President Mahama’s comment comes on the back of various corruption scandals that have rocked various state agencies in the...
(Myjoyonline 02/26/15)
President Mahama at the 2015 State of the Nation address says his approach to the current power crisis is not to manage it as past governments have done, but to fix it once and for all. “I do not intend to manage the situation as has been done in the past, I intend to fix it. I, John Dramani Mahama will fix this energy challenge”, he told an attentive Parliament Wednesday morning Recounting the history of the energy crisis, he...
(Myjoyonline 02/26/15)
The French ambassador to Ghana Frederic Clavier has revealed that a delegation of 50 investors from France is expected in the country in April. The ambassador in an exclusive interview with Joy News said the business delegation would invest in a number of areas with agriculture being the prime interest. Frederic Clavier said the project is aimed at empowering civil society organizations and non-governmental organizations to play a watchdog role by impressing on duty bearers to work within the remit...
(Ghana Web 02/26/15)
The Member of Parliament for Assin North in the Central Region, Mr Kennedy Agyapong has unleashed verbal attacks on the New Patriotic Party (NPP) for their handling of the Osafo Maafo leaked tape. According to him, there was nothing wrong with what Osafo Maafo was quoted to have said in the tape and that it was wrong for the NPP to disassociate themselves from the comments of their stalwart. In an interview on Adom TV, the firebrand NPP MP condemned...
(Myjoyonline 02/26/15)
The Movement for Change (MFC) is accusing the governing National Democratic Congress of photoshopping placards to play out tribal sentiments in its Wednesday demonstration in Kumasi. Pictures of the placards went viral on social media tagging the New Patriotic Party as an Akan party and pitching it against people of northern descent. The Movement in a statement issued on Wednesday evening, signed by the leadership including its chairman Dr. Anthony Nsiah Asare denied knowledge of those placards and asked the...
(Voice of America 02/26/15)
CONAKRY— The Economic Community of West African States is holding its first ministerial conference on statelessness this week in Abidjan. The United Nations said at least 750,000 people in West Africa are denied a nationality. Where Sierra Leonean refugees say both Guinea and Sierra Leone refuse to recognize them as citizens. Proving citizenship Guinea has strict rules on who can get a Guinean passport or national identity card. A person must be able to speak a local language and name...
(Ghana Web 02/26/15)
More victims have identified Bernard Kofi Owusu Acheampong as the suspect who robbed and raped them in the Dansoman area. Though the Dansoman Police have recorded 10 cases in which the victims were robbed and raped, Acheampong has admitted that he was responsible for five of them. Yet during an identification parade in Accra where Acheampong was lined up among other suspects, six victims pointed him out as the man who had attacked them. Before the parade, a couple had...

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(Reuters (Eng) 02/28/15)
Nairobi — The World Bank is working with other development finance institutions to raise some $500 million to modernise weather and flood forecasting services in Africa. Daniel Kull, a disaster risk specialist with the World Bank, said it was talking to lenders, including the African Development Bank and the Islamic Development Bank, about mobilising the funds to improve prediction, particularly in sub-Saharan Africa. More accurate and timely warnings of extreme weather would help protect lives and assets from disasters, experts say. "Hydro-meteorological services are badly strained in Africa, but we need to go beyond just providing equipment for forecasting and data processing - we also need to take care of training of personnel and maintenance...
(Xinhuanet 02/27/15)
BUDAPEST, Feb. 26 (Xinhua) -- Hungarian Foreign Minister Peter Szijjarto and Ghanaian Foreign Minister Hanna Tetteh on Thursday voiced mutual interest in building economic ties and in opening embassies in each other's country. Addressing a joint news conference in Budapest, Szijjarto said Hungary would open an embassy in Accra in 2016, and had a trading center operating in Ghana since last year. In addition, he said, the Eximbank had provided a 50 million dollar line of credit for Hungarian businesses wanting to enter the Ghanaian market and was currently hosting ten Ghanaian students attending Hungarian universities. Tetteh said Ghana would like to upgrade ties with Hungary, and qualified the current meeting as an opportunity to do so. She voiced the...
(Voice of America 02/27/15)
Ghanaian President John Dramani Mahama said his government will correct the country’s chronic electricity problem. Speaking Thursday to the country’s parliament in a state of the nation address, Mahama said all Ghanaians are feeling the pinch of the power crisis, and businesses and industries are threatening to lay off workers. He said his government is developing a partnership with the private sector to install solar panels centers throughout the country. The president also promised to enhance output of traditional power sources, such as hydro and gas. The main opposition National Patriotic Party (NPP) held a demonstration earlier this month calling on Mahama to step down if his government could not increase electricity.
(BBC News Africa 02/27/15)
Ghana's government has scrapped a controversial ban on newly qualified nurses travelling to find more lucrative employment abroad. They introduced it 10 years ago when the West African country was suffering from a shortfall of nurses as many headed off for better opportunities in the West. It began a scheme funding the education of nurses who then had to agree to work for the next five years in Ghana. But now the government says it has enough nurses and it...
(Ghana Web 02/26/15)
President John Mahama has called on Ghanaians and heads of various institutions to join in the fight against corruption. Delivering his third State of the Nation Address to Parliament on Thursday, President Mahama said “Ghana is bleeding from various acts of mismanagement”. President Mahama assured to “continue to support anti-corruption bodies in their investigations and take action against those found guilty”. President Mahama’s comment comes on the back of various corruption scandals that have rocked various state agencies in the...
(Myjoyonline 02/26/15)
The Movement for Change (MFC) is accusing the governing National Democratic Congress of photoshopping placards to play out tribal sentiments in its Wednesday demonstration in Kumasi. Pictures of the placards went viral on social media tagging the New Patriotic Party as an Akan party and pitching it against people of northern descent. The Movement in a statement issued on Wednesday evening, signed by the leadership including its chairman Dr. Anthony Nsiah Asare denied knowledge of those placards and asked the...
(Voice of America 02/26/15)
CONAKRY— The Economic Community of West African States is holding its first ministerial conference on statelessness this week in Abidjan. The United Nations said at least 750,000 people in West Africa are denied a nationality. Where Sierra Leonean refugees say both Guinea and Sierra Leone refuse to recognize them as citizens. Proving citizenship Guinea has strict rules on who can get a Guinean passport or national identity card. A person must be able to speak a local language and name...
(Ghana Web 02/26/15)
More victims have identified Bernard Kofi Owusu Acheampong as the suspect who robbed and raped them in the Dansoman area. Though the Dansoman Police have recorded 10 cases in which the victims were robbed and raped, Acheampong has admitted that he was responsible for five of them. Yet during an identification parade in Accra where Acheampong was lined up among other suspects, six victims pointed him out as the man who had attacked them. Before the parade, a couple had...
(Voice of America 02/25/15)
A new study suggests reforms to help improve United Nations peacekeeping operations around the world. It includes the better matching of mandates with mission capacity and resources, and clarifying expectations surrounding UN troop deployments. The goal of the report is to provide input to a UN review that will update peacekeeping operations. It sought feedback on potential reforms from stakeholders - including governments and policy makers -- in Africa and other world regions. New risks Among their concerns are new...
(Myjoyonline 02/24/15)
The New Patriotic Party (NPP) says Government should stay away from comparing energy-generation records of the two parties because, there is ‘overwhelming’ evidence that the NPP did far better while in office. Describing the government approach to energy as ‘lackadaisical’, the Minority spokesperson on Energy, Kobina Tahir Hammond says the National Democratic Congress (NDC) has only added 2.5megawatts of solar power during the last six years since they have been in office. The former deputy minister was making reference to...
(Ghana Web 02/24/15)
Incarcerated boss of Sohin Security, Solomon Adelaquaye, who was jailed in the United States of America (USA) for heroin trafficking, is back in Ghana after serving his 24-month jail term. He was jailed for only 24 months because he co-operated with investigators. A reliable source at the Narcotics Control Board (NACOB) told The Finder that Mr. Adelaquaye arrived from the USA on Friday, February 13, 2015 and was immediately whisked away by NACOB officials for debriefing. Mr. Adelaquaye, who was...
(Myjoyonline 02/24/15)
An economics lecturer at the Kumasi Polytechnic, Thomas Kusi Boafo says Former Finance Minister Dr. Kwabena Duffuor and former Attorney General Betty Mould-Iddrisu should squarely be blamed for Ghana's current economic challenges. Mr. Kusi Boafo alleged: “Dr Kwabena Duffour and Betty Mould are behind Ghana’s current economic problem, they have short changed Ghana." Speaking Monday on Adom FM‘s Burning Issues current affairs program hosted by Afia pokua, he suggested that the two former public office holders ought to pay for...
(Myjoyonline 02/24/15)
A strike action by some workers at the University of Ghana Medical School has disrupted practical lessons being held there. The workers are striking over the non-payment of their market premium allowance. More than thousand staff made up of drivers, orderlies, cleaners and other support staff have boycotted work. Other facilities such as the main dental department, which is the largest in Africa have been closed to the public due to the strike. Joy New’s Fred Smith who was at...
(Xinhuanet 02/24/15)
KAMPALA, Feb. (Xinhua) -- Africa is benefiting from China's investment in infrastructure in the region as road and railway development coupled with enough power are key pillars in unlocking the continent's economic potential, experts said. In a recent interview with Xinhua, Elly Twineyo, a local economist and author of a book "Why Africa Fails" said most of the aid Africa gets from the West is consumption aid and goes into things like building capacities of human resource, governance and writing...
(Dw-World 02/23/15)
The UN has set June as the deadline for moving from analog to digital transmission. Only a few African countries seem prepared for the change. Even the largest television markets on the continent are lagging behind. Staring at a blank TV screen has become a reality for most Kenyans, and many other African TV viewers could face the same fate come June 17. That is the deadline set by the UN's International Telecommunication Union (ITU) for television programs to be...
(Ghana Web 02/20/15)
Ghana appears to be peaceful because some citizens are cowed by the possibility of a violent reaction from the security agencies if they were to dissent from the status quo, former deputy Communications Minister Victoria Hamah has observed. According to her, there are simmering religious and ethnic undercurrents that could spark tension in the country. Her comments come on the back of a planned demonstration by Muslims in the Western region over discrimination against Islamic students who attend Christian mission...
(Ghana Web 02/20/15)
Accra Central District Court Magistrate, Mavis Kwainoe, has called for the enforcement of existing legislations on corruption to combat the canker in Africa. Speaking at a panel discussion on comparative approaches to combating corruption at the George Washington University Law School in Washington, D.C, Judge Kwainoe noted that although most African States had enacted legislations criminalizing corrupt acts, several gaps exist between the law and enforcement which have rendered the fight against corruption ineffective. She identified lack of political will...
(Myjoyonline 02/20/15)
Government has postponed the commissioning of the Teshie-Nungua Desalination Water Project following reports from residents that water flowing through their taps is salty. President John Dramani Mahama was expected to symbolically turn the valves to start pumping some 30 million gallons of treated sea water daily to homes within the Teshie-Nungua catchment areas on Friday, February 20, 2015, but that date has been set aside. The new commissioning date, however, is yet to be made known. The salty water is...
(Myjoyonline 02/20/15)
National Health Insurance Authority (NHIA) is providing assurances that distressed hospitals nationwide owed a total of GH₵14.2m by the authority can expect to get some relief by March. The promise comes on the heels of reports that some health facilities are cash strapped and are having to compel some patients to pay for electricity. According to them this is to avert the imminent collapse of their facilities; due to the failure of the National Health Insurance Scheme (NHIS) to pay...
(Xinhuanet 02/20/15)
ACCRA, Feb. (Xinhua) -- The learning of the Chinese language continues to attract huge interest from Ghanaian students since the arrival of the Confucius Institute at the country's premier University of Ghana, in Accra a few years ago. In Ghana, the Confucius Institute is leading the learning of the Chinese language and hundreds of Ghanaian university students, including pupils at the basic school level, continue to show growing interest towards the study of the language. "More people are coming in...

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(BBC News Africa 02/27/15)
Ghana has struck a deal with the International Monetary Fund aimed at stabilising its troubled economy. The three-year deal follows months of talks prompted by the government's failure to meet targets on inflation, the budget deficit and growth. The Ghanaian economy had been expanding at about 8% annually on the back of gold, cocoa and oil exports. However, growth fell to 4.2% in 2014 as commodity prices fell and the currency depreciated. The economic crisis has led to severe power shortages. President John Dramani Mahama told parliament that he intended to fix the shortages, rather than "manage them".
(Dw-World 02/27/15)
Ghana's President John Mahama has told parliament he would not just manage the country's energy crisis, but fix it. The New Patriotic Party's (NPP) Paul Afoko says the energy crisis is a sign of deeper problems. DW: In his State of the Nation address to parliament, Ghana's President John Mahama has said he will fix the country's worsening energy crisis and has promised to add additional capacity to the electricity grid. Paul Afoko, you're chairman of the opposition party, NPP, and your party has been protesting against power shortages in Ghana. What do you make of President Mahama's promise to solve the problem? Paul Afoko: What I would say is that the energy problems that we face in the country...
(Ghana Web 02/27/15)
Mr Ishmael Yamson, Chairman of the Economic Advisory Council of the President of Ghana, has called for the formulation of definite long-term strategic plan to effectively drive the vision of socio-economic prosperity for the country. According to him, Ghana would not make any meaningful headway if things continued to be done the same way as it had been over the years. Mr Yamson, made the call at the first Public Forum on Ghana’s Monetary Policy Stance and the National Budget...
(Reuters (Eng) 02/27/15)
SHANGHAI (Reuters) - China has announced a one-year ban on the import of African ivory carvings ahead of next week's visit by Britain's Prince William, a strong critic of the ivory trade. China will halt approval for imports until late February next year, newsagency Xinhua reported on Thursday, citing the State Forestry Administration, which regulates the trade. The ban will affect carvings acquired after 1975, it added. Prince William has previously been critical of China over its consumption of ivory,...
(Myjoyonline 02/26/15)
Ghana reached an agreement with the International Monetary Fund (IMF) on Wednesday for a three-year aid deal worth around $1 billion aimed at restoring fiscal stability to the country, a source close to the talks told Reuters. The deal could represent a turning point for Ghana, a stable democracy and producer of gold, cocoa and oil whose economy lost much of its shine since it reported a budget deficit of nearly 12 percent in 2013. The agreement is the culmination...
(Ghana Web 02/26/15)
Investors who’ve been punishing Ghana bonds amid lax government fiscal policies and the plunge in oil are giving the debt a fresh look this month as talks with the International Monetary Fund progress. Yields on the West African nation’s $1 billion of securities due January 2026 have dropped 2.21 percentage points since reaching an all-time high on December 16. Ghana’s dollar notes, which lost 3.5% last month, have returned 8.5% in February, the most after Venezuela among 58 emerging markets...
(Myjoyonline 02/26/15)
The French ambassador to Ghana Frederic Clavier has revealed that a delegation of 50 investors from France is expected in the country in April. The ambassador in an exclusive interview with Joy News said the business delegation would invest in a number of areas with agriculture being the prime interest. Frederic Clavier said the project is aimed at empowering civil society organizations and non-governmental organizations to play a watchdog role by impressing on duty bearers to work within the remit...
(Xinhuanet 02/26/15)
NAIROBI, Feb. (Xinhua) -- Sub-Saharan African countries will scale up investments in social programs like education and health to tackle poverty and inequality, ministers said on Wednesday Ministers, scholars and grassroot advocates attending a social development forum in Nairobi noted that endemic poverty, inequality and exclusion dims Africa's rising narrative. Kenyan Deputy President William Ruto opened the African ministerial forum that discussed innovative policy and funding options to accelerate socioeconomic transformation in the continent. The UN Educational, Scientific and Cultural...
(Xinhuanet 02/25/15)
NAIROBI, Feb.(Xinhua) -- Negotiations have been finalized in preparation for the launch of Africa's largest free trade area in May, officials said on Tuesday. The Common Market for Eastern and Southern Africa (COMESA) Assistant Secretary Kipyego Cheluget told a media briefing in Nairobi that the free trade zone will result from merger of the East African Community (EAC), Southern Africa Development Community (SADC) and COMESA. "All the 26 member states in the three trading blocs have expressed great political will...
(Ghana Web 02/24/15)
The credibility of the Gross Domestic Product (GDP) figures presented in the 2015 Budget, as well as the revised data published by the Ghana Statistical Service in January, has been called into question. In its review of the 2015 Budget, policy think tank, Institute for Fiscal Studies (IFS), said “there are serious questions about the credibility of the real GDP growth figures presented in the budget.” “According to the budget, agriculture is expected to expand by 5.3 per cent in...
(Spy Ghana 02/24/15)
Mr Gerhard Brugger, Ambassador of Switzerland in Ghana, has ranked Ghana third in the Sub-Saharan Africa trade with Switzerland, after South Africa and Nigeria. He said Ghana was the most important source of Swiss imports of cocoa, representing more than 64 per cent of total Swiss cocoa imports, ahead of Ecuador and Cote d’Ivoire. He attributed this to the bilateral economic relations between Ghana and Switzerland which dates back to when the Basel Mission Trading Company was established in 1859...
(Xinhuanet 02/24/15)
NAIROBI, Feb. 24 (Xinhua) -- African experts and scholars have acclaimed China's aid to boost the development of the African continent as the West's fantastic theories like "neocolonialism" and "China is exploiting Africa's resources" are floating up. "When the West labels Chinese aid and infrastructural projects in Africa as neocolonial it is a question of sour grapes," Professor Munene Macharia, Lecturer of International Relations with Kenya-based United States International University, told Xinhua in an exclusive interview.
(Xinhuanet 02/24/15)
NAIROBI, Feb. (Xinhua) -- The African Union on Monday urged the continent's governments to embrace the use of science in order to transform its agricultural sector. African Union (AU) Commissioner for Rural Economy and Agriculture Rhoda Peace Tumusiime told an agricultural forum in Nairobi that all known advances in humanity are based on appropriate investment in science and technology. "The African continent should therefore prioritize the role of science in order to improve its agricultural productivity," Tumusiime said during the...
(Voice of America 02/23/15)
Commerce of the future will take place, increasingly, on the internet. But African countries worry they won’t be equipped to embrace this brave new digital world without help from outsiders and one another. Not enough Africans are getting online and developing websites, especially for businesses, delegates from the continent said earlier this month at the Internet Corporation for Assigned Names and Numbers (ICANN) conference in Singapore. “We are in an information economy and the internet is the currency of that economy,” ICANN fellow Onica Makwakwa of South Africa said.
(Spy Ghana 02/20/15)
The International Monetary Fund (IMF) says its Board will decide, after its current mission in Ghana – which will last till February 26, 2015 – the time within which a three-year programme meant to rescue Ghana’s economy will be ready. At a press briefing in Washington D.C on Thursday February 19, 2015 by the Director of the Fund’s Communication Department, Mr Gerry Rice said it was only after the current mission’s final deliberations with the Government of Ghana that the...
(Ghana Web 02/20/15)
A vice chairman of the National Democratic Congress (NDC), Samuel Ofosu-Ampofo has called on Ghanaians to ignore the explanation of two key NDC communicators on the current energy crisis. The former Fanteakwa Member of Parliament (MP) said the explanations of a communications consultant at the Presidency, Sam George and Eastern Regional Chairman of the NDC, Bismark Tawiah Boateng on the energy crisis remain invalid. The vociferous Presidential Staffer, Sam George had claimed that the current energy crisis is due to...
(Spy Ghana 02/20/15)
A survey conducted by the College of Community and Organisation Development (CCOD), a Sunyani-based Technical University, reveals that four out of every five private business organization in the country collapses by the fifth year of its operation.sme The survey conducted in Brong-Ahafo, Ashanti, Greater Accra and Western Regions, attributed the collapse to poor managerial skills and lack of strategic leadership development. Mr Gabriel Gbiel Benarkuu, the President of the College disclosed on Tuesday, when the University of Development Studies and...
(Bloomberg 02/20/15)
Pizza Hut knows a few things about fast expansion in emerging markets. In less than 25 years, the chain has added more than 1,300 restaurants across China. But Randall Blackford, the general manager of Pizza Hut’s operations in Africa, says the restaurant operator is taking its time expanding on the continent. In Africa, “we are a small company right now and will stay small for some time,” he says, eating pizza at one of his restaurants in Soweto township in...
(Bloomberg 02/19/15)
(Bloomberg) -- Mondelez International Inc., the maker of Oreo cookies and Ritz crackers, is seeking to boost African coffee output 50 percent by mid-2017 as part of a $200 million global program aimed at farmers of the bean. The project, called Coffee Made Happy, began this month in Africa with assistance for 24,000 Ethiopian small-holder farms, the company said on Wednesday. Deerfield, Illinois-based Mondelez’s initiative gives training in agronomy, financial literacy and promoting coffee farming to youth and women, he said. It plans to reach a million farmers worldwide over the next five years.
(Ghana Web 02/18/15)
The IMF Mission team working on Ghana's program are expected in town today to open what many are describing as the final round of talks before a program can be sealed. For many, if this round of discussions does not make much progress, then government's target of securing a program by April may not be realized. This is because for Ghana's program to be considered by the Board of IMF in April, negotiations must be sealed around this time for...

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(Xinhuanet 02/27/15)
ACCRA, Feb. 27 (Xinhua) -- Ghana has named its final squad for the 2015 Africa Youth Championship scheduled for Senegal next month. The head coach of the Black Satellites Sellas Tetteh released his final 21-man squad for the tournament which begins from March 8 and ends on March 22 in the West African nation. Ghana is three-time African U-20 champions and will be aiming for a fourth title. The Black Satellites who are currently fine-tuning in Turkey have been paired in Group B alongside Zambia, South Africa and Mali. Ghana will play its opening game on March 9 against South Africa before taking on Zambia and Mali in its subsequent group matches. This year's competition...
(Ghana Web 02/26/15)
Accra Hearts of Oak have to delay their travel plans to Benin because of non-availability of funds to cater for their trip. A contingent of 23 players, 7 technical team members and other club officials were expected to depart Accra on Thursday, February 26, 2015 to Benin to play AS Police in the return leg of the CAF Confederation Cup. Hearts won the first leg 1-0 in Accra and is expected to play the return encounter on Saturday 28th February 2015, but Hearts of Oak sources have revealed that the team’s departure has been delayed because the Board could not raise the needed funds involved. The source disclosed that the Board expressed concerns over the late presentation of the budget...
(BBC News Africa 02/26/15)
Fifa secretary general Jerome Valcke says the 2023 Africa Cup of Nations will be postponed from January to June to help move the 2022 World Cup. A Fifa taskforce has recommended the World Cup is played in November and December to avoid Qatar's hot summer. "The African confederation has automatically and nicely agreed it will not organise the Nations Cup in January 2023," Valcke said. "It will have to postpone the Africa Cup of Nations to June." The 2022 World...
(Spy Ghana 02/24/15)
Information making rounds indicates that Sports Minister Mahama Ayariga has been sacked. Unconfirmed report shows that Mahama Ayariga has been reassigned from the Sports Ministry to another Ministry yet to be known. Reports also indicate that his failure to give a proper account on the expenditure spent by the Black Stars at the just ended AFCON may have called for his dismissal. Mahama Ayariga also accused Ghanaian journalists demanding details about the expenditure incurred for the AFCON of asking him...
(Spy Ghana 02/18/15)
The Ghana Olympic Committee is mourning the passing of an accomplished leader in the Olympic Movement and a former President of the GOC, Dr. Yaw Nkansa-Gyane. Dr. Nkansa-Gyane died on 12th January, 2015 in Accra, aged 87. His final funeral rights will be held on Saturday, 21st February in Accra. He played a fundamental role in promoting sports and the Olympic Movement in Ghana and on the world stage. He served as a Vice President of the International Amateur Boxing...
(Ghana Web 02/18/15)
Andre Dede Ayew is willing to commit his future to boyhood club Olympique Marseille but not to a reduced salary. The 25-year-old is one of the big earners in the books of the cash-strapped Stade Velodrome side. The Ghana international’s future with the club where he has been nurtured from childhood still remains in the balance as he has just three months left on his contract. “In my head, everything is open. If I must leave then I shall. But...
(Myjoyonline 02/11/15)
After weeks of public speculations, the Sports Ministry has eventually revealed that government approved about GH₵17.9million to fund Ghana’s participation in the AFCON 2015 event in Equatorial Guinea. Sports Minister Mahama Ayariga revealed the figures while taking questions on the floor of Parliament Wednesday. The minister had expressed unwillingness to reveal details of the budget before the tournament. He had asked that Ghanaians wait until after the tournament when he would reveal the details of the expenditure. Ghana placed second...
(Spy Ghana 02/11/15)
Many are those who believe that the AFCON finals should not be the recipe of the Black Stars. A lot of football analyst and pundits have voiced their opinions over Ghana’s inability to win the AFCON trophy though they have reached the AFCON finals nine times. Ghana Black Stars is a national team that has a lot of history in Africa since 1920. The Black Stars have played in 19 Africa Cup of nations and the Black Stars has won...
(Xinhuanet 02/10/15)
ACCRA, Feb. (Xinhua) -- Ghana's senior national soccer team the Black Stars arrived home after winning silver at the just- ended 2015 Africa Cup of Nations (AFCON) in Equatorial Guinea. The Black Stars lost 9-8 to Ivory Coast in a dramatic penalty shoot-out Sunday night in the Equatorial Guinea city of Bata. The team, officials and government delegation touched down at the Kotoka International Airport in Accra Monday afternoon, to a rousing welcome by hundreds of soccer fans. They were...
(Reuters (Eng) 02/09/15)
Andre Ayew wasted no time on Saturday rebuffing any talk of revenge on behalf of his father when he plays for Ghana against the Ivory Coast in Sunday’s African Nations Cup final. The storyline of French-based Ayew brothers Andre and Jordan winning the title which eluded their father Abedi Pele when the two countries last met in the final, in 1992, was probed by reporters. But the 25-year-old Andre, the elder of the brothers who plays for Olympique Marseille, scowled...
(AFP (eng) 02/07/15)
Ivory Coast face what is likely to be their sternest test of the 2015 Africa Cup of Nations when they tackle Ghana Sunday in what has been dubbed the 'dream' final. Two of Africa’s football powerhouses are in dire need of a continental trophy after long, frustrating waits. Ghana have won the Cup of Nations four times but their last conquest was 33 years ago, while the Ivorians only triumph was in 1992 and, ironically, it was at the expense of Ghana. Ivory Coast beat their west African neighbours 11-10 on penalties after 120 minutes of action did not produce any goals in Dakar.
(AFP (eng) 02/07/15)
In Equatorial Guinea, Andre Ayew has not only shamed his critics but also moved a step closer to matching the class of his father, the legendary Abedi ‘Pele’ Ayew. In 2008, when he made his Africa Cup of Nations debut on home soil, he was criticised by the fans with some suggesting he was only in the squad because of the influence of his famous father. But a year later he made history when he led his country in Egypt...
(Reuters (Eng) 02/06/15)
Malabo - Ghana have called for stiff action against Nations Cup hosts Equatorial Guinea after several Ghanaian supporters were injured in attacks by home fans during Thursday's semi-final between the two countries. “It's a pity that this dark cloud overshadows our success and we really need to see some stiff action taken by the Confederation of African Football (CAF),” said Kwesi Nyantakyi, president of the Ghana Football Association who is also a senior CAF executive. At least five Ghanaian fans...
(BBC News Africa 02/06/15)
The Africa Cup of Nations semi-final between Ghana and hosts Equatorial Guinea was described as a "war zone" after play was suspended for more than 30 minutes because of crowd trouble. Players ducked bottles thrown from the stands, Ghana fans sought safety behind a goal, riot police used tear gas and a helicopter hovered over the stadium. "It's now like a war zone," the Ghana Football Association (GFA) tweeted, claiming "barbaric acts of vandalism" and "unprovoked violent attacks" had taken...
(Ghana Web 02/04/15)
Guinea Goalkeeper Naby Moussa Yattara has said in plain words that he will not apologise to Ghana captain Asamoah Gyan for injuring him in their quarter-final clash in Malabo last Sunday. The goalkeeper thwarted Gyan’s efforts in the dying minutes of the game, resulting in his eventual sacking, reducing his side to 10 men. To Yattara, apologising to the Black Stars captain suggests his action was deliberate, hence his decision not to apologise. He managed with his sketchy Queens language...
(Ghana Web 02/04/15)
Guinea Goalkeeper Naby Moussa Yattara has said in plain words that he will not apologise to Ghana captain Asamoah Gyan for injuring him in their quarter-final clash in Malabo last Sunday. The goalkeeper thwarted Gyan’s efforts in the dying minutes of the game, resulting in his eventual sacking, reducing his side to 10 men. To Yattara, apologising to the Black Stars captain suggests his action was deliberate, hence his decision not to apologise. He managed with his sketchy Queens language...
(AFP (eng) 02/04/15)
Ghana star Andre Ayew insists his team are ignoring the furore surrounding Africa Cup of Nations semi-final opponents Equatorial Guinea's supposed favourable refereeing. Ghana tackle the hosts in the capital Malabo on Thursday in the second semi-final with the air still thick from the scandal of Equatorial Guinea's controversial quarter-final victory over Tunisia. The north Africans complained bitterly after that match that the hosts had been given an unfair penalty deep into stoppage time at the end of the game,...
(CNN 02/03/15)
(CNN)Ghana earned a semifinal clash with hosts Equatorial Guinea after dispatching a disappointing Guinea 3-0 in the Africa Cup of Nations Sunday. The comfortable victory lifted the Black Stars into the last four of the competition for the fifth straight time and the result was scarcely in doubt once Christian Atsu had scored the first of his two goals after just four minutes. Atsu connected with Andre Ayew's neat backheel to beat Naby-Moussa Yattara in the Guinea goal. Guinea, who...
(AFP (eng) 02/01/15)
Christian Atsu scored twice as Ghana beat Guinea 3-0 in Malabo on Sunday to ease into their fifth successive Africa Cup of Nations semi-final. Atsu set the Black Stars on their way to a comfortable quarter-final victory when he opened the scoring in the fourth minute in Equatorial Guinea's capital, before Kwesi Appiah increased their advantage a minute before the interval. And Atsu, the winger on loan at Everton from their English Premier League rivals Chelsea, then saw his cross-cum-shot...
(AFP (eng) 01/28/15)
A late diving header by Andre Ayew took Ghana through to the quarter-finals of the Africa Cup of Nations on Tuesday alongside favourites Algeria in a dramatic denouement to Group C. Ghana came from behind to beat South Africa 2-1 in Mongomo to secure their berth in the quarter-finals as winners of the group, having looked set to finish bottom with barely 20 minutes to play. Meanwhile, the Algerians beat Senegal 2-0 in Malabo thanks to a goal in each half from Premier League stars Riyad Mahrez and Nabil Bentaleb to go through in second place at the expense of the Lions of Teranga.

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(AFP (eng) 02/21/15)
Timbuktu, which won seven Cesar awards -- France's version of the Oscars -- on Friday tells the story of northern Mali under the control of jihadists, in a foreshadowing of the rise of the Islamic State group. Among its haul, it scooped the coveted best film and best director gongs for Mauritania's Abderrahmane Sissako. The ancient caravan town of the title, often a by-word for otherworldly remoteness, was seized by armed Islamists who cut a swathe through the west African nation's vast desert for most of 2012. It was liberated in a military intervention led by former colonial power France, but sporadic violence remains a problem and it is still potentially one of the most...
(Ghana Web 02/18/15)
Talent Ghanaian child music star, Esi, has said fondly how much she has missed missing music genius Castro. The Hiplife artist, whose real name is Theophilus Tagoe, went missing, along with friend Janet Bandu in July, 2014. Born Elizabeth Esi Awotwi, the rising star who revealed Castro helped her write her debut single, Dream, is hopeful the musician would “come back soon”. “I don’t know. Uncle Castro was so nice to me and I miss him so much. I want him to come back” she said in an interview on the Starr Drive on Tuesday February 17, 2015. Her prayer comes a week after Black Stars captain Asamoah Gyan told Bola Ray onStarr Chat on Starr 103.5FM that he misses...
(Ghana Web 02/04/15)
The lady with a charming voice on radio, Doreen Andoh, host of Joy Fm’s mid-morning show, Cosmopolitan Mix, has become the latest celebrity to add her voice to the growing complaints over the erratic supply of electricity in the country. Doreen has said the current situation has been giving her “high blood pressure.” She told her listeners on Monday that she had not had electricity for three days with absolutely no explanation from the power suppliers. “…Let’s not deal with...
(The Guardian 01/26/15)
Ghanaian Highlife artiste, Nana Quame visited e.TV’s The Late Nite Celebrity Show to enumerate some of the challenges he is facing after a long hiatus. With seven albums under his belt, Nana Quame revealed “It’s not easy getting artistes to feature on my songs currently. "Many of these artists don’t want to work with me anymore. I want to make myself believe they are busy doing other things or songs. "I called on some artists to feature them and they...
(Ghana Web 01/22/15)
Model, TV Presenter and Singer Deborah Vanessa Owusu, more commonly known in entertainment circles as Sister Debbie, has revealed that she never stated anywhere that she earned $8000 with her nude picture as some media houses have reported. Speaking in an exclusive interview on Neat FM’s “Entertainment Ghana”, Sister Debbie said whoever will believe that story is either ignorant or is up to some mischief. “First of all, the story is a misquotation or misinterpretation. That is not what I...
(Citifmonline 01/08/15)
In 2015, television gets more exciting as a new Nigerian telenovela, Hotel Majestic, births on Africa Magic. The daily telenovela premiered on January 5 on Africa Magic showcase at 7:00PM GMT. Hotel Majestic focuses on the Emeni family as they fight one another and the outside world to protect a hotel that has been in their family for decades. The Hotel, which is situated in a beautiful and flawless riverside community in Nigeria, has been in the family since the...
(Ghana Web 01/08/15)
The President, John Dramani Mahama has jokingly called on ace highlife singer, Charles Kwadwo Ofosu, known in showbiz as Daddy Lumba to grant him the copyright to his hit song, 'Yentie Obiaa'. The President said his call is necessary as his name has become synonymous with the lyrics of the song. “I think Lumba must give me the copyright to the song…,” he joked in an interview Wednesday as part of events marking the two years of his presidency. The...
(Ghana Web 12/30/14)
The organisers of a musical bash dubbed “New Year Bash With Abrantie Amakye Dede”, slated for January 1, 2015 at the Abrantie Spot, have promised music fans that the much awaited event would be full of fun and excitement as there would be hot performances by the highlife legend Abrantie Amakye Dede, Kofi B and Lee Duodu. According to the organisers, music lovers and fans of Abrantie, Kofi B and Lee should expect a fun-packed night at the event which...
(Ghana Web 12/23/14)
Airtel Ghana brand ambassadors, Kalybos, Ahoofe Patricia and DKB will join music giants such as Shatta Wale, M.anifest, Stonebwoy, Guru, Keche, MzVee and Kontihene to thrill fans at the Decemba 2 Rememba concert which will come off at the Accra International Conference Centre (AICC) on December 24. Both Kalybos and Patricia have won the hearts of many Ghanaians with their hilarious comedy series dubbed ‘Boys Kasa’. DKB, born Derrick Kobina Bonney, was Ghana’s representative at the Big Brother Africa Stargame...
(Ventures-Africa 12/23/14)
VENTURES AFRICA – Tourism, the fastest growing economic sector within Africa, serves as one of the core investment opportunities on the continent. But beyond the safari experience, innovative companies offer a look into Africa which is capable of penetrating this global culture. “There is no reason the world shouldn’t experience the environments that breed such dynamic people,” said Cherae Robinson, Founder and CEO of Rare Customs. Cherae is the brilliant mind behind “Tastemakers Africa”, a mobile app and website that allows travellers secure exquisite, adventurous and curated trips across Africa.
(Spy Ghana 12/19/14)
Talented actress Nana Ama Mcbrown has finally reacted to accusations that she snitched her boyfriend Maxwell Mensah from musician Mzbel. The award-winning actress on Pluzz FM in an interview with Sammy Flex on Friday made it clear that she has never in her life snatched any man from her woman but the men rather run after her. The rumour of Nana Ama Mcbrown stealing Mzbel’s boyfriend gained roots after the actress was seen hanging around with Maxwell three months after...
(Ghana Web 12/19/14)
The 3-day Becca Girl Talk Festival officially commenced with the deputy minister of Tourism, Culture and Creative Arts Dzifa Gomashie in attendance. The 3-day festival at the National Theatre started with a workshop yesterday, Thursday 18th December 2014; and continues today with the ultimate show happening on the 20th of December 2014 where musical performances and other entertaining acts will be offered. Becca posed for pictures with students and other patrons.
(Myjoyonline 12/18/14)
Ghanaian actor, Ekow Smith Asante has expressed disappointment at a confession by HIV/AIDS ambassador, Joyce Dzidzor Mensah she lied about her HIV status. In 2013, Ekow Smith Asante starred in a movie about Dzidzor’s real life story of how she contracted HIV and how she did not allow stigmatization, scorn, and molestation to dampen her spirit. The movie, ‘My Cross Roads’, premiered at the National Theatre on Friday, October 4, 2013 and received rave reviews. Apart from Ekow and Dzidzor,...
(Leadership 12/16/14)
Top music acts from across the African continent will dazzle guests, VIPs and members of the football community at the forth-coming 2014 Glo-CAF Awards scheduled to hold in Lagos on January 8, 2015. The top acts expected to do their stuff at the high octane continental event are Congo DRC’s multiple award-winning song writer, singer and guitarist, Fally Ipupa; global Jazz icon, Hugh Masekela from South Africa and Egyptian folk singer and the first person from an Arab country to...
(Xinhuanet 12/15/14)
NAIROBI, Dec. (Xinhua) -- Ghanaian President John Dramani Mahama said Sunday seven bilateral agreements his government inked with Kenya on Saturday will help spur economic growth between the two nations. Speaking at the end of his four-day visit to Kenya, Mahama said agreements which included trade, education, tourism and Information and Communication Technology (ICT) will open up new economic frontiers for mutual benefits. "We can take it (intra-Africa trade) to another level. We have historically cooperated together in the liberation struggle from colonial
(Ghana Web 12/09/14)
Beads are small decorative objects that are formed in a variety of shapes and sizes from materials such as glass, plastic or wood which is pierced together for threading. They are categorised into glass beads, wood beads, base metal beads, mirage beads and gem stones. It is now common knowledge that ladies love to look pretty not sparing any expense in choosing nice clothing, shoes or accessories. Both men and women look amazing with beads especially when worn right, interestingly...
(Spy Ghana 12/08/14)
The 2014 MTN Saminifest, held at the Trade Fair Center last Saturday projected never seen performances from our top musicians. The event was brought to us by MTN Ghana and was supported by Club Beer, Kasapreko Alomo Sankwan, Fiesta Condom and more. It is an event held to celebrate 10 successful music years of BatMan now known as Samini. If you werent at the Trade Fair then you should admit you missed one of the best actions ever. You can...
(Citifmonline 12/05/14)
All is set for the much awaited Citi FM MOGO Dance Party tonight at the plush Alisa Hotel. The legendary Nana Ampadu and the Ramblers International Band will lead the pack of performers; the versatile Okyeame Kwame and the smooth Akwaboah. Highlife, the authentic Ghanaian music genre, has for several decades served the people of the West Africa with timeless melodies. The MOGO Dance Party would see the performers keeping patrons on their feet in a party atmosphere in celebration...
(Citifmonline 12/01/14)
Citi FM’s Music of Ghanaian Origin (MOGO); arguably Ghana’s most authentic highlife musical celebration is set to thrill its numerous patrons once again with a parade of some of the nation’s legendary Highlife musicians. This year’s event, dubbed the MOGO Dance Party, comes off on Friday December 5 – Farmers Day – at the plush Alisa Hotels in Accra. The legendary Nana Ampadu and the Ramblers International Band will lead the pack of performers; the versatile Okyeame Kwame, the smooth...
(Leadership 11/20/14)
It was another night of glamour and panache as this year’s edition of the prestigious Africa International Film Festival, AFRIFF, came to a glittering end Saturday in Calabar, the Cross River State capital. The grand finale of the festival, which kicked off amid gaiety on Sunday, November 9, held at the Cultural Centre, Calabar, with top Nollywood stars, producers, directors and stakeholders from Africa, Europe, America and other parts of the world in attendance. Leading Nollywood stars at the event...

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(BBC News Africa 02/27/15)
Ghana has struck a deal with the International Monetary Fund aimed at stabilising its troubled economy. The three-year deal follows months of talks prompted by the government's failure to meet targets on inflation, the budget deficit and growth. The Ghanaian economy had been expanding at about 8% annually on the back of gold, cocoa and oil exports. However, growth fell to 4.2% in 2014 as commodity prices fell and the currency depreciated. The economic crisis has led to severe power shortages. President John Dramani Mahama told parliament that he intended to fix the shortages, rather than "manage them".
(Voice of America 02/27/15)
Ghanaian President John Dramani Mahama said his government will correct the country’s chronic electricity problem. Speaking Thursday to the country’s parliament in a state of the nation address, Mahama said all Ghanaians are feeling the pinch of the power crisis, and businesses and industries are threatening to lay off workers. He said his government is developing a partnership with the private sector to install solar panels centers throughout the country. The president also promised to enhance output of traditional power sources, such as hydro and gas. The main opposition National Patriotic Party (NPP) held a demonstration earlier this month calling on Mahama to step down if his government could not increase electricity.
(Dw-World 02/27/15)
Ghana's President John Mahama has told parliament he would not just manage the country's energy crisis, but fix it. The New Patriotic Party's (NPP) Paul Afoko says the energy crisis is a sign of deeper problems. DW: In his State of the Nation address to parliament, Ghana's President John Mahama has said he will fix the country's worsening energy crisis and has promised to add additional capacity to the electricity grid. Paul Afoko, you're chairman of the opposition party, NPP,...
(BBC News Africa 02/27/15)
Ghana's government has scrapped a controversial ban on newly qualified nurses travelling to find more lucrative employment abroad. They introduced it 10 years ago when the West African country was suffering from a shortfall of nurses as many headed off for better opportunities in the West. It began a scheme funding the education of nurses who then had to agree to work for the next five years in Ghana. But now the government says it has enough nurses and it...
(BBC News Africa 02/26/15)
Fifa secretary general Jerome Valcke says the 2023 Africa Cup of Nations will be postponed from January to June to help move the 2022 World Cup. A Fifa taskforce has recommended the World Cup is played in November and December to avoid Qatar's hot summer. "The African confederation has automatically and nicely agreed it will not organise the Nations Cup in January 2023," Valcke said. "It will have to postpone the Africa Cup of Nations to June." The 2022 World...
(Voice of America 02/25/15)
A new study suggests reforms to help improve United Nations peacekeeping operations around the world. It includes the better matching of mandates with mission capacity and resources, and clarifying expectations surrounding UN troop deployments. The goal of the report is to provide input to a UN review that will update peacekeeping operations. It sought feedback on potential reforms from stakeholders - including governments and policy makers -- in Africa and other world regions. New risks Among their concerns are new...
(Voice of America 02/23/15)
Commerce of the future will take place, increasingly, on the internet. But African countries worry they won’t be equipped to embrace this brave new digital world without help from outsiders and one another. Not enough Africans are getting online and developing websites, especially for businesses, delegates from the continent said earlier this month at the Internet Corporation for Assigned Names and Numbers (ICANN) conference in Singapore. “We are in an information economy and the internet is the currency of that economy,” ICANN fellow Onica Makwakwa of South Africa said.
(Bloomberg 02/20/15)
Pizza Hut knows a few things about fast expansion in emerging markets. In less than 25 years, the chain has added more than 1,300 restaurants across China. But Randall Blackford, the general manager of Pizza Hut’s operations in Africa, says the restaurant operator is taking its time expanding on the continent. In Africa, “we are a small company right now and will stay small for some time,” he says, eating pizza at one of his restaurants in Soweto township in...
(Bloomberg 02/19/15)
(Bloomberg) -- Mondelez International Inc., the maker of Oreo cookies and Ritz crackers, is seeking to boost African coffee output 50 percent by mid-2017 as part of a $200 million global program aimed at farmers of the bean. The project, called Coffee Made Happy, began this month in Africa with assistance for 24,000 Ethiopian small-holder farms, the company said on Wednesday. Deerfield, Illinois-based Mondelez’s initiative gives training in agronomy, financial literacy and promoting coffee farming to youth and women, he said. It plans to reach a million farmers worldwide over the next five years.
(Bloomberg 02/18/15)
(Bloomberg) -- The Bank of Ghana will probably leave its key interest rate unchanged as it waits for approval of an International Monetary Fund loan before adjusting monetary policy further. Governor Kofi Wampah will hold the rate at 21 percent on Wednesday, according to all nine analysts surveyed by Bloomberg. Policy makers increased the rate by two percentage points to an 11-year high on Nov. 12. Ghana has said it wants as loan of as much as $1 billion from...
(Bloomberg 02/18/15)
(Bloomberg) -- Mo Ibrahim, a Sudanese-born billionaire philanthropist, says the Ebola outbreak in West Africa has once again painted the entire continent as a disaster zone. It’s a perception he’s been working to dispel since selling his African mobile-phone network for $3.4 billion in 2005 and founding the Mo Ibrahim Foundation to promote honest and accountable government. His primary tool: data. The Ibrahim Index of African Governance measures how well nations are developing their economies, safeguarding rights and guaranteeing the...
(Voice of America 02/18/15)
The International Organization for Migration (IOM) said Tuesday that 933 people had arrived on the island of Lampedusa over the previous 24 hours. These latest arrivals, thought to be African or Syrian, were among some 3,800 migrants rescued at sea since last Friday, according to IOM. More than 640 rescued migrants were taken to the town of Porto Empedocle on Sicily. According to Italy’s Ministry of Interior, 3,528 migrants arrived in the country by sea in January. Totals for February...
(Bloomberg 02/17/15)
(Bloomberg) -- The rout in commodity prices to the lowest in 12 years will spur deeper spending cuts by the world’s biggest mining companies in Africa, hurting a region more reliant on mineral exports than any other on the planet. Miners will scale back spending by $20 billion this year, according to Macquarie Group Ltd., as they cut growth plans amid waning demand for raw materials. With projects planned during the decade-long commodities boom now being shelved, Africa is likely...
(Bloomberg 02/17/15)
(Bloomberg) -- Mainstream Renewable Power Ltd., a Dublin-based clean-energy developer, and Actis LLP agreed to work together to develop $1.9 billion of solar and wind power projects across Africa. Their venture, called Lekela Power, intends to provide 700 megawatts to 900 megawatts of wind and solar power by 2018 and is 40 percent owned by Mainstream and 60 percent by Actis, Barry Lynch, Mainstream’s managing director of onshore procurement, construction and operations, said today by e-mail. They expect an investment...
(Voice of America 02/16/15)
ROME—Italy's coast guard went to the rescue of at least 1,000 migrants in difficulty in the sea between Europe and North Africa on Sunday, the third operation of its kind in as many days. The coast guard said it had plucked more than 130 people from two rubber boats about 180 kilometers (110 miles) south of the island of Lampedusa so far, and was working to save eight more vessels. “We are certainly at more than 1,000 migrants” involved in...
(Bloomberg 02/12/15)
(Bloomberg) -- Ecobank Transnational Inc.’s board is due to meet Thursday in Ghana after the lender was ordered to pay compensation to its former Chief Executive Officer Thierry Tanoh by courts in Ivory Coast and Togo. Shareholders, including South Africa’s biggest pension fund administrator, the Public Investment Corp., Nedbank Group Ltd. and Qatar National Bank SAQ, may discuss moving Ecobank’s headquarters from Togo, according to Martial Akakpo, a lawyer for Ecobank based in the capital, Lome. “Since this judicial pressure...
(Voice of America 02/12/15)
NAIROBI— Crowdfunding is a way to raise money from a large number of people via the Internet to fund a project. The concept is well established in the West, but is still new in Africa. A World Bank project in Kenya has launched a mentorship program to help business owners take advantage of crowdfunding, which some say could help replace the kind of aid they currently receive from NGOs. Marion Moon started her organic fertilizer business, Wanda Organic, three years...
(Voice of America 02/11/15)
Italian authorities say at least 29 African migrants have died of hypothermia while crossing the Mediterranean in freezing weather and rough seas. The Italian coast guard says it found seven people dead when it answered a distress call from the migrants' boat off Libya late Sunday. It says 22 others died on a vessel that brought the migrants to the island of Lampedusa through waves as tall as nine meters high. All 29 victims were men from sub-Saharan Africa. Another...
(Voice of America 02/10/15)
 
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WASHINGTON— Energy experts say there is an urgent need for more public and private investment to bring more electricity to Africa. They say governments need to work with the private sector to bridge power capacity gaps. While sub-Saharan Africa has enormous untapped resources of gas, oil, coal, geothermal, solar, hydro and wind power, World Bank experts say one out of three Africans lives without electricity. Stephen Njiru, a director of Kenya’s Geothermal Development Company and an energy advisor to the...
(Voice of America 02/07/15)
GENEVA— February 6 is International Day of Zero Tolerance to Female Genital Mutilation, and the World Health Organization is joining a chorus of voices demanding an end to this injurious procedure, still widely practiced in the developing world. Female genital mutilation (FGM) is a dangerous procedure that can cause severe physical problems, including complications in childbirth, maternal deaths, heavy bleeding, and infertility. It also can result in psychological and sexual problems. The international community considers FGM to be a gross...

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