Ghana | Africatime
Saturday 01 November 2014

Ghana

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(Ghana Web 10/31/14)
“Government must come out with a strong policy direction to compel all banks operating within the country to support the manufacturing sector with a good working capital to expand their production in order to help address the unemployment situation in the country,” John Appiah Biney, the Chief Executive of J.A. Biney & Co. Ltd has said. According to Mr. Biney, financial institutions in the country are rather interested in supporting what he described as ‘buying and selling’ sector instead of concentrating on the manufacturing industry. In his estimation, it is only the enhancement of the manufacturing sector that could guarantee sustainable growth and ensure the stability of the cedi. “If manufacturing companies are supported more...
(Ghana Web 10/31/14)
A report released by the Public Interest and Accountability Committee (PIAC) indicates that Ghana made about US$846,767,184 (Ghc1, 645,585) from the petroleum revenue in 2013. This brings cumulative revenue received since 2011 to US$1.833 billion equivalent to Ghc3.291 billion. According to PIAC, the total volume of crude oil lifted by the Ghana Group in 2013 was 6,793,449 barrels of oil representing 19.09% of total production for the period under review. A research by Revenue Watch Institute in April 2014 accused some key government agencies of failing to implement the laws, rules and policies governing Ghana’s natural resource funds. The report...
(Citifmonline 10/31/14)
Government has secured an ex parte application from the court ordering the twelve striking labour unions to return to work. The unions announced a nationwide strike on October 22 to protest what they say is government’s failure to pay public sector workers their tier two pension funds into a private trustee account. Government subsequently sued the unions with the view of having the court compel the unions to end the strike as well as seek interpretation of the Labour Act...
(Citifmonline 10/31/14)
The Electricity Company of Ghana (ECG) has intensified its ‘operation collect all billed revenue’ it started last week in the Ashanti Region and has disconnected major government institutions which fall under the Special Load Tariff (SLT) groups. Officials and agents of the company last Tuesday undertook a massive disconnection exercise on the premises of clients in the residential, SLT and Mini SLT categories. There was, resistance from some traders in the metropolis, especially Kejetia who argued that the supply of...
(Ghana Web 10/31/14)
The Captains of Ghanaian industries and businesses have been called upon to ensure that they comply with standards regulations in order to be more competitive both local and international. Mr Daniel Boateng, Western Regional Director of Ghana Standards Board said businesses that follow proper formulation standards also places them at a better position to market their products especially upcoming small and medium scale enterprises (SMEs). He was speaking at the 11th Annual General Meeting of the Western and Central Branch...
(The Associated Press 10/31/14)
The head of Africa's continental body did not get to an Ebola-hit country until last week — months after alarm bells first rang and nearly 5,000 deaths later. Pledges to deploy 2,000 African health workers have remained largely that — promises. No African countries are on the United Nations list of contributors to fight the epidemic. The E-word did not even figure on the agenda of a session on peace and security at the Pan-African Parliament in South Africa last...
(Xinhuanet 10/30/14)
he president of Ghana, John Dramani Mahama, who was on a three-day visit to Norway, discussed on Wednesday the Ebola situation in West African countries with Norwegian Prime Minister Erna Solberg. At a joint press conference, Mahama said his government takes the threat seriously although Ghana is not affected by the Ebola endemic. Ghana, which has road and trade links with the Ebola-stricken countries, has started to scan passengers in and out of the country and medical teams around the country are prepared to deal with the situation should an Ebola infection break, he said.
(Ghana Web 10/30/14)
The United States (US) government has commended Ghana for its “impressive” Ebola preparedness plan and promised to support the plan to achieve its goals. Speaking at a meeting with the Chief of Staff, Mr Prosper Douglas Bani, at the Flagstaff House Wednesday, the US Ambassador to the United Nations, Ms Samantha Power, said both the preventive and containment measures put in place by the Ghanaian authorities were positive. "We shall help Ghana in its preventive measures and also quickly contain...
(Citifmonline 10/30/14)
President John Dramani Mahama has expressed shock over the death of President Michael Sata of Zambia. “President Sata’s death creates a sense of loss in Zambia and leaves the people in a situation that many Ghanaians can identify with, considering the sudden death of President Atta Mills two years ago,” says President Mahama. “Our thoughts and prayers are with the Sata family and people of Zambia at this difficult time,” he added. “President Sata has demonstrated that anyone can rise...
(Ghana Web 10/30/14)
Ghana’s year-on-year Producer Price Index (PPI) fell to 46.7 per cent in September as compared to the August rate of 48.3 per cent. Mr Anthony Amuzu, Chief Statistician and Director of Surveys and Census Organisation of Ghana Statistical Service, at a media briefing in Accra on Wednesday gave a provisional figure of 1.2 per cent as the month-to-month change in PPI from August 2014 and September 2014. He said the utilities sub-sector recorded the highest year-on year producer price inflation...
(Ghana Web 10/30/14)
Workers of Dangote Cement Factory in Tema have hit the streets to register their displeasure at their poor conditions of service. According to them, management of the company failed to implement their collective bargaining agreement. Speaking on Adom FM’s Dwaso Nsem on Thursday, Frank Nelson, a worker, said they lack the basic equipment to make them work efficiently. “We always talk to him (Vice President) but what he keeps telling us is that he will sign but we have waited...
(Cnbc Africa 10/30/14)
Power Africa, an initiative started by President Barack Obama, looks to all resources to meet high energy demands. The initiative looks to increase the number of people who have access to power in sub-Saharan Africa. Lai Yahaya, team leader for President Obama's Power Africa Senior Advisors Group, says following the Africa Leaders’ Summit, held in Washington DC, he is positive at the fact that African countries are intensifying efforts to reform and to liberalise environments. “What Power Africa is trying...
(Ghana Web 10/29/14)
A quarterly review of events in the economy by stockbroking firm, UMB Stockbrokers, has predicted that inflation will end the fourth quarter ranging between 16 and 17 per cent. The increment will be fuelled by expected upward adjustments in prices of utilities within the period, the firm said in its third quarter analysis released mid-October. The analyses, which were done by Nana Kofi Agyman-Gyamfi, also projected that the local economy would not see "any significant change” from trends observed in...
(Bloomberg 10/29/14)
The 57-year-old cosmetics company owner has turned down a deal to ship her products to the U.S. because Ghana’s power supply is too erratic. “I had to let them go,” she said in an interview at her office in Accra, the capital, as she used a hand towel to wipe beads of sweat from her face. The electricity’s off, so there’s no fan to ease the 33-degree Celsius (91-degree Fahrenheit) heat or machinery to make her goods. “I don’t have...
(Citifmonline 10/29/14)
Ghana’s energy sector will receive a boost of 200 megawatts of wind power following Swiss wind farm developer NEK Umwelttechnik’s plan to develop the Ayitepa Wind Farm to produce about 10 per cent of the country’s total electricity generation capacity. Speaking to Executives of NEK Umwelttechnik, Energy and Petroleum Minister Emmanuel Armah-Kofi Buah underscored the need for other energy sources to enhance generation capacity. He also noted that the wind power project is also in line with government’s plan to...
(Citifmonline 10/29/14)
A deputy Minister of Communications, Felix Ofosu Kwakye has rejected criticisms by the Member of Parliament for Manhyia South, Matthew Opoku Prempeh against President Mahama, describing his international travels as “fruitless.” Matthew Opoku Prempeh said President Mahama’s foreign travels are just wasteful and don’t yield positive results for the country and the citizenry as a whole. “Certainly when you combine all his travels since 2009 as a Vice President, acting on behalf of his Presidency, President Mills to now, we...
(Ghana Web 10/29/14)
Passengers of domestic airlines are calling for stricter safety regulations to ensure their safety. Their comments come after domestic airline company Starbow was forced to land abruptly yesterday. The plane made a quick emergency return from its journey to Takoradi after it experienced hydraulic warning signals 6000 feet in the sky. The Bureau of Public Safety has raised an alarm over what it describes as frequent air accidents in the country. It has blamed the Ghana Civil Aviation Authority (GCAA)...
(Ghana Web 10/29/14)
The Chairman of the Chartered Institute of Building Ghana, Rockson Dogbegah, says government must lead the way in cleaning up the construction industry and ensuring its proper growth. Speaking at the just-ended 12th Building Construction and Property Exhibition in Accra, Mr. Dogbegah said the pursuance of innovation coupled with an invincible sense of professionalism and a keen adherence to standards are the key ingredients needed to develop the construction industry. He noted that these three qualities are “inevitably the lifeblood...
(Voice of America 10/29/14)
Amos Bouye fled Liberia 12 years ago, as fighting engulfed the country, and wound up in a camp outside Ghana’s capital Accra. He wants to go back, but he missed the organized repatriations carried out by the United Nations. He doesn’t have the money to travel. Now, civil war refugees like Bouye face other deterrents to going home: Ebola, and the related closed roads and cancelled flights. "Right now there is no flight that is going, and there is no...
(The Associated Press 10/29/14)
Yaa Kyerewaa cuts a lonely figure beside a pile of animal parts: the jaws of a giant rodent, the hooves of wild pigs, snails. This bush meat was once considered a delicacy and fetched premium prices. But Ebola has frightened away customers and Kyerewaa hasn't sold anything in days. Accra's busy Agbogbloshie market used to have several bush meat vendors but now she is the only one. The 53-year-old says her earnings from bush meat keep her four children in...

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(Citifmonline 10/31/14)
Government has secured an ex parte application from the court ordering the twelve striking labour unions to return to work. The unions announced a nationwide strike on October 22 to protest what they say is government’s failure to pay public sector workers their tier two pension funds into a private trustee account. Government subsequently sued the unions with the view of having the court compel the unions to end the strike as well as seek interpretation of the Labour Act. A former Minister of Employment and Social Welfare under the New Patriotic Party(NPP) administration, Nana Akomoa had predicted that the case will backfire. But sources in government have disclosed to Citi News that the injunction...
(The Associated Press 10/31/14)
The head of Africa's continental body did not get to an Ebola-hit country until last week — months after alarm bells first rang and nearly 5,000 deaths later. Pledges to deploy 2,000 African health workers have remained largely that — promises. No African countries are on the United Nations list of contributors to fight the epidemic. The E-word did not even figure on the agenda of a session on peace and security at the Pan-African Parliament in South Africa last week — more than a month after the U.N. Security Council declared the Ebola outbreak a "threat to international peace...
(Ghana Web 10/30/14)
The United States (US) government has commended Ghana for its “impressive” Ebola preparedness plan and promised to support the plan to achieve its goals. Speaking at a meeting with the Chief of Staff, Mr Prosper Douglas Bani, at the Flagstaff House Wednesday, the US Ambassador to the United Nations, Ms Samantha Power, said both the preventive and containment measures put in place by the Ghanaian authorities were positive. "We shall help Ghana in its preventive measures and also quickly contain...
(Ghana Web 10/29/14)
Passengers of domestic airlines are calling for stricter safety regulations to ensure their safety. Their comments come after domestic airline company Starbow was forced to land abruptly yesterday. The plane made a quick emergency return from its journey to Takoradi after it experienced hydraulic warning signals 6000 feet in the sky. The Bureau of Public Safety has raised an alarm over what it describes as frequent air accidents in the country. It has blamed the Ghana Civil Aviation Authority (GCAA)...
(Voice of America 10/29/14)
Amos Bouye fled Liberia 12 years ago, as fighting engulfed the country, and wound up in a camp outside Ghana’s capital Accra. He wants to go back, but he missed the organized repatriations carried out by the United Nations. He doesn’t have the money to travel. Now, civil war refugees like Bouye face other deterrents to going home: Ebola, and the related closed roads and cancelled flights. "Right now there is no flight that is going, and there is no...
(The Associated Press 10/29/14)
Yaa Kyerewaa cuts a lonely figure beside a pile of animal parts: the jaws of a giant rodent, the hooves of wild pigs, snails. This bush meat was once considered a delicacy and fetched premium prices. But Ebola has frightened away customers and Kyerewaa hasn't sold anything in days. Accra's busy Agbogbloshie market used to have several bush meat vendors but now she is the only one. The 53-year-old says her earnings from bush meat keep her four children in...
(Ghana Web 10/28/14)
Minister of Education Professor Jane Naana Opoku-Agyemang says secondary education in Ghana has been free as enshrined in the 1992 Constitution. Students, she says, only pay for extra costs. “In terms of tuition, [fees] don’t exist,” she said on Saturday, October 25 when she appeared on TV3’s Hot Issues. Prof. Opoku-Agyemang said the constitution demands that secondary education is made progressively free, and that is what government has resolved to do from next year. She said day students currently enjoy...
(Voice of America 10/28/14)
For years, poor Ghanaians have been burning old electronics in the open air to extract precious metals and sell them as scrap. But a new recycling center may mean the end of e-waste burning in Ghana. On the shores of a trash-clogged lagoon in Ghana’s capital Accra, scrap dealers set gutted electronics ablaze. Fire melts the plastic that stands between the scrap dealers and precious metals like copper. Black smoke belches from the Agbogbloshie neighborhood across the city. The lead...
(Voice of America 10/27/14)
The general secretary of the Ghana Medical Association says public sector workers will continue their indefinite strike action this week to pressure President John Dramani Mahama’s government to address their concern about their pensions. Public sector workers on strike include, doctors, nurses, pharmacists, teachers and other civil servants. Hospitals and health centers across the country have been reportedly deserted, due to the labor action. The government said the ongoing strike is illegal and has launched a legal challenge in court...
(Voice of America 10/25/14)
While the world is focused on the Ebola outbreak in West Africa, cholera has sickened more than 7,000 in Ghana’s capital, Accra, since breaking out this summer. Fifty-seven victims have died. Simpson Boateng, director of public health for the Accra Metropolitan Assembly, said the outbreak was traceable to the cooking of food in the unsanitary conditions of the city's slums. Overflowing gutters and fetid, open sewers are common across the capital. But "cholera doesn't have any boundaries," he noted. People...
(African Brains 10/25/14)
Pretoria – Science and Technology Minister Naledi Pandor says the Ebola outbreak in West Africa has illustrated the urgent need to accelerate focused investment in research in Africa. This as the world is grappling with containing the virus that is devastating West Africa, with a death toll standing at over 4 000 currently. Most of the victims are in Guinea, Liberia and Sierra Leone. Speaking at the European Organization for Nuclear Research (CERN) celebration of 60 years of peace and...
(Ghana Web 10/23/14)
Investor interest in the capital market and investment instruments in general will grow if Ghanaians are properly educated on the operations and benefits of that segment of the financial market to their everyday life, the Director General (DG) of the Securities and Exchange Commission (SEC), Mr Adu Anane Antwi, has observed. Investor education, he said, was a necessary ingredient to the growth of the market hence the decision by SEC, which regulates capital market activities in the country to actively...
(Citifmonline 10/23/14)
Domestic airline operators are angry at the Ghana Airport Company for the intermittent closure of the Kumasi Airport, without due notification. The airport company has begun upgrading the Kumasi Airport tarmac and other facilities there. On October 22, the airline operators grounded their planes as contractors working on the tarmac moved in unannounced, causing several flights to be delayed. The situation according to the domestic airline operators, started on Friday October 17 and have expressed strong reservations about the conduct...
(Citifmonline 10/23/14)
A group calling itself concerned Ghanaians in the United Kingdom will, on Thursday, hit the streets of London to demonstrate against the administration of President John Dramani Mahama over what they call worsening economic conditions in Ghana. President Mahama, who is in the United Kingdom on a state visit, is expected to pay a courtesy call on Queen Elizabeth II on Thursday. According to the Public Affairs Director of the group, Nana Ansah Obofour who spoke to Citi News, they...
(Citifmonline 10/23/14)
The Asunafo South District Health Directorate would use a total of about 2,5769 dozes of Oral Polio Vaccines (OPVs) for the second round of the 2014 immunization against Polio that would take place in the District between Thursday 30th October, to Saturday 1st November, 2014. The exercise, which forms part of the National Immunization Day (NID) and Expanded Programme Immunization (EPI), would target children age zero to five years. The District EPI Cordinator, Mr Adjei Mensah Razak, disclosed this at...
(Reuters (Eng) 10/22/14)
Rome — As India starts its version of Brazil's famous zero hunger campaign, the world's most populous democracy could take some inspiration from Ghana. The West African country "has met zero hunger", Jose Graziano da Silva, head of the Food and Agriculture Organization said on Thursday. Former Ghanaian president John Kufuor can take at least some of the credit for this. It started with a simple move to change the tax code when Kufuor's government first took office in 2001...
(Citifmonline 10/22/14)
76% of Ghanaians blame government for failing to improve their living standards, according to the Afrobarometer, round 6 results. The report sampled the views of 2,400 citizens about their economic and living conditions. The respondents said government is performing very badly or fairly badly in improving the living standards of the poor. The survey also revealed that majority of Ghanaians say their current economic conditions have worsened, compared to the same period a year ago. Another 70% of Ghanaians believe...
(International Business Times 10/21/14)
A nurse from Ghana is passionate in "exposing" the truth about the deadly Ebola virus. He or she claims the Red Cross is responsible in bringing the virus to four West African countries for four specific reasons with the grand goal of bringing U.S. troops on boots in Nigeria, Liberia and Sierra Leone. According to the nurse, U.S. wants to stop the protests conducted by the diamond miners in Sierra Leone. The miners were allegedly protesting against "cheap slave labour...
(Citifmonline 10/20/14)
President John Mahama has expressed concerns about the stiff resistance from some government accountants following attempts to use the Ghana Integrated Financial Management Information System (GIFMIS), to mitigate corruption within the public sector. The President has blamed the high level of corruption in the public sector on human interference with the administration of public funds and weak systems. The GIFMIS is a system introduced by government to improve accountability, control, monitoring and auditing of government finances. Speaking to journalists about...
(Ghana Web 10/13/14)
The government is stepping up efforts at containing any Ebola case that may rear its head in the country, as the virus moves to the doorstep of the world’s wealthiest countries. Last Thursday, the Chief of Staff, Mr Prosper Douglas Bani, told a joint US and Nigerian delegation at the Flagstaff House that the first isolation centre in the country had been completed in Tema, while work on two others in Kumasi and Tamale were due for completion in due...

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(Ghana Web 10/31/14)
“Government must come out with a strong policy direction to compel all banks operating within the country to support the manufacturing sector with a good working capital to expand their production in order to help address the unemployment situation in the country,” John Appiah Biney, the Chief Executive of J.A. Biney & Co. Ltd has said. According to Mr. Biney, financial institutions in the country are rather interested in supporting what he described as ‘buying and selling’ sector instead of concentrating on the manufacturing industry. In his estimation, it is only the enhancement of the manufacturing sector that could guarantee sustainable growth and ensure the stability of the cedi. “If manufacturing companies are supported more...
(Ghana Web 10/31/14)
A report released by the Public Interest and Accountability Committee (PIAC) indicates that Ghana made about US$846,767,184 (Ghc1, 645,585) from the petroleum revenue in 2013. This brings cumulative revenue received since 2011 to US$1.833 billion equivalent to Ghc3.291 billion. According to PIAC, the total volume of crude oil lifted by the Ghana Group in 2013 was 6,793,449 barrels of oil representing 19.09% of total production for the period under review. A research by Revenue Watch Institute in April 2014 accused some key government agencies of failing to implement the laws, rules and policies governing Ghana’s natural resource funds. The report...
(Citifmonline 10/31/14)
The Electricity Company of Ghana (ECG) has intensified its ‘operation collect all billed revenue’ it started last week in the Ashanti Region and has disconnected major government institutions which fall under the Special Load Tariff (SLT) groups. Officials and agents of the company last Tuesday undertook a massive disconnection exercise on the premises of clients in the residential, SLT and Mini SLT categories. There was, resistance from some traders in the metropolis, especially Kejetia who argued that the supply of...
(Ghana Web 10/31/14)
The Captains of Ghanaian industries and businesses have been called upon to ensure that they comply with standards regulations in order to be more competitive both local and international. Mr Daniel Boateng, Western Regional Director of Ghana Standards Board said businesses that follow proper formulation standards also places them at a better position to market their products especially upcoming small and medium scale enterprises (SMEs). He was speaking at the 11th Annual General Meeting of the Western and Central Branch...
(Ghana Web 10/30/14)
Ghana’s year-on-year Producer Price Index (PPI) fell to 46.7 per cent in September as compared to the August rate of 48.3 per cent. Mr Anthony Amuzu, Chief Statistician and Director of Surveys and Census Organisation of Ghana Statistical Service, at a media briefing in Accra on Wednesday gave a provisional figure of 1.2 per cent as the month-to-month change in PPI from August 2014 and September 2014. He said the utilities sub-sector recorded the highest year-on year producer price inflation...
(Ghana Web 10/30/14)
Workers of Dangote Cement Factory in Tema have hit the streets to register their displeasure at their poor conditions of service. According to them, management of the company failed to implement their collective bargaining agreement. Speaking on Adom FM’s Dwaso Nsem on Thursday, Frank Nelson, a worker, said they lack the basic equipment to make them work efficiently. “We always talk to him (Vice President) but what he keeps telling us is that he will sign but we have waited...
(Cnbc Africa 10/30/14)
Power Africa, an initiative started by President Barack Obama, looks to all resources to meet high energy demands. The initiative looks to increase the number of people who have access to power in sub-Saharan Africa. Lai Yahaya, team leader for President Obama's Power Africa Senior Advisors Group, says following the Africa Leaders’ Summit, held in Washington DC, he is positive at the fact that African countries are intensifying efforts to reform and to liberalise environments. “What Power Africa is trying...
(Ghana Web 10/29/14)
A quarterly review of events in the economy by stockbroking firm, UMB Stockbrokers, has predicted that inflation will end the fourth quarter ranging between 16 and 17 per cent. The increment will be fuelled by expected upward adjustments in prices of utilities within the period, the firm said in its third quarter analysis released mid-October. The analyses, which were done by Nana Kofi Agyman-Gyamfi, also projected that the local economy would not see "any significant change” from trends observed in...
(Bloomberg 10/29/14)
The 57-year-old cosmetics company owner has turned down a deal to ship her products to the U.S. because Ghana’s power supply is too erratic. “I had to let them go,” she said in an interview at her office in Accra, the capital, as she used a hand towel to wipe beads of sweat from her face. The electricity’s off, so there’s no fan to ease the 33-degree Celsius (91-degree Fahrenheit) heat or machinery to make her goods. “I don’t have...
(Citifmonline 10/29/14)
Ghana’s energy sector will receive a boost of 200 megawatts of wind power following Swiss wind farm developer NEK Umwelttechnik’s plan to develop the Ayitepa Wind Farm to produce about 10 per cent of the country’s total electricity generation capacity. Speaking to Executives of NEK Umwelttechnik, Energy and Petroleum Minister Emmanuel Armah-Kofi Buah underscored the need for other energy sources to enhance generation capacity. He also noted that the wind power project is also in line with government’s plan to...
(Ghana Web 10/29/14)
The Chairman of the Chartered Institute of Building Ghana, Rockson Dogbegah, says government must lead the way in cleaning up the construction industry and ensuring its proper growth. Speaking at the just-ended 12th Building Construction and Property Exhibition in Accra, Mr. Dogbegah said the pursuance of innovation coupled with an invincible sense of professionalism and a keen adherence to standards are the key ingredients needed to develop the construction industry. He noted that these three qualities are “inevitably the lifeblood...
(Voice of America 10/29/14)
By 2018, a large solar power plant in the Tunisian part of the Sahara desert may start sending power to energy-hungry Western Europe. The company running the plant says once it is fully operational it will generate almost twice as much electricity as an average nuclear plant and supply two million homes in Europe. According to the European Commission’s Institute for Energy, just 0.3 percent of the Saharan Desert's intense solar energy can provide Europe with all the electrical power...
(Citifmonline 10/28/14)
A Deputy Minister of Finance, Mona Quartey is assuring that government will not succumb to temptations to overspend in 2016. The minister was reacting to concerns from some economists and international rating agency Fitch, that government may not be able to implement fully, an International Monetary Fund (IMF) program because of its track record of overly spending during election years. Dr. Paa Kwesi Nduom, the 2012 Presidential candidate of the Progressive People`s Party (PPP) has also blamed the country’s current economic woes on overspending in the 2012 general elections. According to him, such spending happens mostly during election seasons, but that of 2012 “…was worse.”
(Ghana Web 10/28/14)
A?sod-cutting ceremony has been held at Ada for a US$4 billion 1,000 megawatts power plant which will use tidal waves to generate electricity. The Minister of State in charge of Private Sector Development, Mr Rasheed Pelpuo, who represented the President, Mr John Dramani Mahama, said generating energy from renewable sources had brought hope to the country since it would reduce the cost of energy generation. “Harvesting energy from God-given resources is an opportunity that should not be missed, especially since...
(Ventures-Africa 10/28/14)
VENTURES AFRICA – In a bid to provide funding for private health facilities, top tier Fidelity Bank Ghana Limited (FBGL) and the United States Agency for International Development (USAID) have signed a $3.9 million deal that will see laon facilities availed for private hospitals and clinics accredited by the country’s National Health Insurance Authority (NHIA) or those seeking NHIA accreditation. A statement issued by the Global Media Alliance said the USAID will, through its Strengthening Health Outcomes through the Private...
(Ghana Web 10/28/14)
COCOBOD has disclosed to Citi Business News that it is investing $40.625million in replanting and rehabilitation of aging cocoa farms for the 2014/2015 cocoa season. There have been reports that Ghana’s cocoa industry is threatened by the increasing number of aging farmers as well as cocoa trees whose yields are expected to significantly reduce in the coming years. COCOBOD in its bid to mitigate this risk says it will cut down the trees and replace them with new ones. Chief...
(Ventures-Africa 10/27/14)
VENTURES AFRICA – In the past 6 weeks, at least four potential nuclear deals have been initiated in three African countries. Understandably, the power situation on the continent has reached a tipping point where the private and public sector are making persistent efforts to boost power production in a sustainable fashion; and nuclear energy is gaining prominence among their list of options. South Africa, which already has one operational nuclear plant, has initiated two nuclear deals, one with Russia and...
(Business Day Online 10/24/14)
The rally in African debt markets has come to an abrupt halt as countries in the west of the continent battle to contain the spread of Ebola. Nigeria, which has been declared Ebola-free by the World Health Organisation (WHO), has seen prices fall for its dollar-denominated government debt, pushing the yield up from 4.9 percent to 5.4 percent in the space of about a week the Financial Times reports. Ghana has deferred the sale of a local currency bond scheduled...
(Ghana Web 10/23/14)
Finance Minister Seth Terkper said on Monday he is confident the government will do a deal with the International Monetary Fund in November for a financial assistance programme aimed at restoring fiscal stability. The government is set to start a third round of negotiations with the Fund at the start of November on a possible three-year programme, and Terkper said he is confident the country can implement the terms of a deal. "Yes, I am (confident of an IMF deal)...
(Voice of America 10/23/14)
Ghanaians are struggling with crippling 12-hour power cuts across the country. Authorities are hoping a nearly-completed gas processing plant could be the key to alleviating the country’s energy woes. Ghanaians have been dealing with persistent power outages both in the capital Accra and in the countryside for months. The Electricity Company of Ghana recently warned it may have to resort to 24-hour power cuts. The situation has since improved, but Ghana still has a power deficit of 400 megawatts. The...

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(Ghana Web 10/31/14)
The Ghana FA won’t name a new Black Stars coach next contrary to media reports in the West African country, GHANAsoccernet.com can reveal. Media reports had claimed the FA was preparing to announce a new coach by next week with former Chelsea coach Avram Grant tipped to win the race. But GHANAsoccernet.com can reveal that an announcement will be deferred until the country’s sports minister gives his seal of approval. Mahama Ayariga is out of the jurisdiction with his return date unknown while the Executive Committee must be informed of the decision before subsequent approval. Ghana FA boss Kwesi Nyantakyi will be in South Africa this weekend to speak at the 2014 Soccerex African Forum...
(Ghana Web 10/29/14)
The Ghana Football Association (GFA) looks set to appoint a new coach for the Black Stars following the completion of a painstaking selection exercise which saw three shortlisted coaches face the FA interview panel in Accra two weeks ago. This week, the interview panel, led by the FA’s vice-president, Fred Crentsil, will present its report to the GFA Executive Committee to make their final decision. Even though the FA put assistant coach Maxwell Konadu in charge of the team for this month’s Nations Cup qualifiers against Guinea, the FA says it will not rush into naming a new coach even...
(Ghana Web 10/28/14)
AC Milan midfielder Michael Essien has denied refusing to warm up before the kick-off of Ghana's World Cup game against Portugal in Brazil earlier this year. Essien was giving evidence to the Justice Dzamefe-led Presidential Commission of Enquiry via Skype on Monday afternoon from his Milan base. According to the Commission's spokesperson, Thomas Boakye Agyemang, Essien told the Commission that substitutes need not warm up before matches, but such players only warm up when changes are about to be made...
(New Vision 10/28/14)
Uganda Cranes will play international friendly matches against Ethiopia and Sudan before facing Ghana in their second last 2015 Africa Nations Cup qualifier at Mandela National Stadium, Namboole on November 15. The Uganda Cranes will play Ethiopia on November 9 and take on Sudan two days later at the same venue. The match against Ethiopia is organised by the Ministry of Health to raise awareness about the deadly HIV/AIDS scourge. FUFA president Moses Magogo said that the federation has opted...
(Citifmonline 10/20/14)
The president of IMANI Ghana, Franklin Cudjoe, wants the Confederation of African Football (CAF) to postpone the 2015 African Cup of Nations (AFCON) tournament to prevent the further spread of the Ebola virus. Morocco was expected to host the 2015 AFCON but it has called for the postponement of the tournament due to the outbreak of the deadly Ebola disease in West Africa which has claimed over 4,500 lives. South Africa, which were also tipped to host the tournament after...
(The Namibian 10/20/14)
Ghana beat Cameroon 1-0 but lost out on a semifinal place at the Africa Women Championship after South Africa beat Algeria 5-1. Going into the final Group B matches both teams were level on one point each but South Africa's five goal blitz at the Independence Stadium saw them edging Ghana on goal difference to claim the second semifinal spot. Cameroon, on six points, had already qualified for the semifinals. Cameroon will now face the Ivory Coast while South Africa...
(Ghana Web 10/17/14)
The Ghana Medical Association (GMA) has expressed its displeasure over government’s decision to consider the request by the Confederation of African Football (CAF) for Ghana to host the 2015 African Cup of Nations should Morocco withdraw as hosts. The Minister of Youth and Sports confirmed in an interview on Thursday with Citi Sports that the country had been approached by CAF about the possibility of hosting the biannual tournament in 2015, after reports that original hosts are considering withdrawing. “CAF...
(Citifmonline 10/16/14)
The government of Ghana has confirmed the receipt of a letter from the Confederation of African football to be on standby to host the next African Cup. Youth and Sports Minister Mahama Ayariga told Citi News in an exclusive interview that the football governing body saw Ghana as one country with a potential to quickly host the showpiece. But first, he dropped a strong hint that Morocco will not host the event. “It is only today that I’m hearing of...
(Autre média 10/14/14)
Le Ghanéen Michael Essien a tenu à démentir des rumeurs sorties sur les réseaux sociaux ces derniers jours et faisant état d'une éventuelle infection de l'ancien Lyonnais par le virus Ebola. Michael Essien (31 ans), s’est exprimé via son compte Twitter pour démentir des rumeurs concernant sa santé. Cette semaine, le milieu de terrain du Milan AC avait vu naître à son sujet des rumeurs sur les réseaux sociaux évoquant une éventuelle infection du Ghanéen par le virus Ebola.
(BBC News Africa 10/13/14)
Algeria stunned Ghana 1-0 at the 2014 African Women Championship in Namibia, while Cameroon left it late to edge South Africa by the same score in the earlier game in Group B on Sunday. With only one victory and one draw to show from three previous appearances at the AWC, Algeria went into the game as underdogs against Ghana, who had beaten them 2-1 at the 2010 edition in South Africa. The skilful Naima Bouhani troubled the Ghana defence with...
(The Guardian 10/10/14)
Ghana’s row over World Cup bonuses which led to the government to fly $3m (£1.75m) in cash to Brazil is in the early stages of production, it has been confirmed. The Black Stars squad threatened to go on strike over the non-payment of bonuses agreed the tournament before the personal intervention of president John Dramani Mahama, with former coach Kwesi Appiah revealing that some of his players kept their $100,000 share (£61,000) in their backpacks in the dressing room while...
(Ghana Web 10/09/14)
While alone with my thoughts this week, I played the scene over in my head; one by one, each of the five candidates, shortlisted for the Black Stars coaching job, step up to present their credentials to replace Kwesi Appiah, who was “fired’ about a month ago. However, without a laid down criteria by the three man committee set up to find this new coach, it’s been one guessing game after another. That game has been made easier, with a...
(BBC News Africa 10/09/14)
Dutch legend Patrick Kluivert is on the Ghana Football Association's (GFA) five-man shortlist to be the new coach. Ghana have been without a coach since Kwesi Appiah left in September. The other candidates are ex-Chelsea boss Avram Grant, former Italy midfielder Marco Tardelli, Swiss Michel Pont and Spaniard Juan Ignacio Jimenez. "Pont, Kluivert and Tardelli will be interviewed in Accra on 17 October, Grant and Jimenez will be interviewed on 18 October," said the GFA. Former Ajax and Barcelona striker...
(Myjoyonline 10/08/14)
Former Ghana coach Milovan Rajevac has expressed shock at his exclusion from the five-man shortlist for the vacant Black Stars coaching job. The Ghana Football Association selected Michel Pont, Patrick Kluivert, Marco Tardelli, Avram Grant and Juan Ignicio Jimenenz to be interviewed for the position. The five coaches were shortlisted following thorough work by a three-man committee setup to look for a new coach for the Black Stars. The absence of Milovan Rajevac from the list has surprised many. The...
(PANA 10/07/14)
The qualifying series for the 2015 Africa Cup of Nations is set to resume next weekend, after a month-long break, PANA reported Sunday. The first set of two group matches were played last month, and two more matches are slated to be played this month. Match day three will be next Friday and Saturday, while Match day four will be four days later, on 15 Oct. After this month's matches, there will be two more matches to go, in November,...
(The New Times 10/07/14)
Head coaches and technical directors of African national teams have hailed progress in African football but emphasised the need to make improvements which would see an African team win a Fifa World Cup. The resolution was among the many passed by the coaches, who meet in a two-day conference held in Cairo, Egypt last week. It was organised by FIFA and CAF to review and learn from the 2014 FIFA World Cup Brazil. Rwanda was represented by Amavubi head coach...
(Myjoyonline 10/01/14)
Gyan reacted angrily to comments from Mihai Pintilii of Romanian before making his exit from the Hazza bin Zayed Stadium despite accepting his two-footed challenge deserved the red card. The reaction also sparked shoving and tussle between both sets of player and some strong exchange of words. Asamoah Gyan explained his reaction after the game saying: “The player has no right to tell me what he did. He said something to me which made me upset. He said an abusive...
(Ghana Web 09/30/14)
Ghana's U-17 men's team, the Black Starlets, secured their place at the 2015 African Under-17 Championship after defeating Cameroon 4-3 in Accra on Sunday. The seven-goal thriller handed the Black Starlets back-to-back wins over the Cameroonians after pulling a 2-1 first leg victory a fortnight ago in Yaounde. A brace by Henry Medarious coupled with goals from Abass Issah and Jonah Osabutey put Paa Kwesi Fabin's side en-route to Niger for next year's Championship. Abass, who scored in the first...
(AFP (eng) 09/26/14)
Former Ghana coach Kwesi Appiah has lifted the lid on his side's torrid World Cup campaign, revealing that players were counting thousands of dollars in cash just hours before their final match. The Black Stars' time in Brazil was overshadowed by indiscipline and a row over unpaid appearance fees, which led to Ghana's cash-strapped government chartering a jet to fly more than $3 million in cash to South America. Appiah told an official hearing probing the under-par showing that the...
(Myjoyonline 09/17/14)
Dismissed coach of the senior national football team, the Black Stars, Kwasi Appiah has said he is still waiting for the official letter confirming his sack. “I am still waiting for my letter to give it to those who know how to interpret it,” the coach told host of Metro TV’s Good Evening Ghana last Tuesday. Kwasi Appiah who was sacked last Thursday used the occasion to fend off persistent criticism against him since the World Cup in Brazil in...

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(Citifmonline 10/31/14)
The annual international leadership and empowerment summit/awards, Eagles Summit Africa designed to inspire and equip Africans especially the young ones will this year get to recognize Africans contributing in diverse ways to support the rise of Africa. The summit which is set on the theme AFRICA’S RISE: THE ROLE OF THE CONTEMPORARY AFRICAN will feature Dr. Mrs. Akosua Djangmah and Pastor Abbey Shamoson as speakers. There will also be poetry performances by Fifi Abaidoo and other poets. The Award’s segment, a new introduction this year is set to recognize contemporary Africans that have distinguished themselves in their specialties and truly helping in the rise of Africa. The award winners are: Movie Personality of the Year...
(Citifmonline 10/30/14)
Kwabena Kwabena is getting ready to host the second edition of the ‘Save a Life’ Concert. The event, set for November 22, will be held at the La Palm Royal Beach Hotel in Accra. A formal launch took place at the National Cardiothoracic Center of Korle Bu Teaching Hospital in Accra on Monday. Samini, M.anifest, Efya, Becca, Gyedu Blay Ambulley, Pat Thomas, and Okyeame Kwame among other acts, will support him on the night, organizers say. In it’s second year, it seeks to raise funds to support the National Cardiothoracic Center of Korle Bu Teaching Hospital, which keeps struggling with...
(Ghana Web 10/30/14)
The Miss Ghana Foundation has teamed up with I.T firm, IPMC, on a campaign geared towards creating awareness on prevention of the Ebola virus. Themed ‘Get Smart to prevent Ebola’, Nadia Ntanu, 2013 Brand Ambassador for the Miss Ghana Foundation last week led the awareness efforts across some locations in the capital, Accra. The exercise took Nadia Ntanu, the reigning Miss Ghana and some 1500 volunteers to the Sodom and Gomorrah slum in Accra, where they educated the public on...
(Citifmonline 10/29/14)
Over the years, Okyeame Kwame has established himself as one of the best musicians in Ghana and beyond. For 16 years and counting his music has continuously inspired and won the hearts of many. It usually focuses on affairs of love, life and family. Currently, okyeame has released a single off his fifth solo album, the “African Connection” titled, ‘’It’s your time’’, which features Congolese singer Lelo. The concept behind this song is positivism. It describes the troubles and stress...
(The Guardian 10/28/14)
Magnus Taylor picks his favourites from the upcoming Film Africa festival in London – from a pro-democracy struggle to a city battling religious extremists. In the dunes not far from Timbuktu, recently captured by militant jihadists, Kidane lives peacefully with his wife Satima, his daughter Toya, and shepherd, Issan. Residents in the culturally rich city are suffering: music, laughter, cigarettes and football have been banned and women are being chastised for not wearing the veil. Back in the dunes, an incident brings Kidane into the heart of the historic city and its new brutal regime.
(Citifmonline 10/23/14)
There is no doubt that this year has been a good one for female dancehall artiste, MzVee. Right after earning the Unsung Artiste of the Year at this year’s Ghana Music Awards, the Borkorborkor rapper began to bag collaborations with other artistes. Her soaring popularity seems to have caught the eye of some artistes outside the shores of Ghana and it is not surprising that MzVee was invited for a collaboration by Danish singer and song writer, Erann DD. The...
(Citifmonline 10/22/14)
Okomfour Kwaadee has reveal plans for his latest album. Titled Fa Wonsa Gu Wuti, it will be his major music project after being rendered inactive for some time due to various issues. In an interview on ETV’s Late Night Celebrity Show, he talked about what he’s been up to and what fans should expect from him. “I’ve been away for four years, I’ve never been gone and I’ve always been around. “I was just absent in class. Everyone was saying...
(Ghana Web 10/22/14)
Highlife musician, Kwaisey Pee has called on fellow Ghanaian musicians to boycott the Ghana Music Awards, if Charter House continues with its decision to sue Shatta Wale. Charter House, organizers of the Ghana Music Awards has commenced a legal action against the 2014 Ghana Music Awards Artist of The Year winner, claiming damages up to the tune of 10 million Ghana cedis for defamation. Kwaisey Pee said, “I feel that all Ghanaian musicians should rally behind our own and boycott...
(Citifmonline 10/20/14)
The Global African Investment Summit (TGAIS) is set to come off from the 20th to 21st of October in London. The event is expected to be the largest international investment event this year. The summit is hosted by former Nigerian President Olusegun Obasanjo and has high level support from the African leaders, the UK government and the international business community. With the Presidents of Rwanda, Tanzania, Uganda and Ghana all presenting on a high-level plenary, TGAIS brings together the leaders...
(Citifmonline 10/17/14)
The Musicians Union of Ghana (MUSIGA) has appointed a new Administrator Rev Fiifi Khan Agyarkwa to steer the affairs of the Union. This follows the reassignment of the current Administrator Ahuma Bosco Ocansey aka Daddy Bosco as the Head of Communications and Special Projects. Rev Fiifi Agyarkwa has been involved with the music industry over the past two decades working in various capacities. Until his appointment, he was the Director of Special Projects for the Union and was on the...
(Citifmonline 10/16/14)
M-Net and Endemol South Africa have taken immediate steps to address an error that occurred during the Nomination Announcement on Big Brother Hotshots on Monday evening, 13 October 2014. The name of Permithias was omitted from the list of this week’s nominated housemates and was not made available as a voting option for viewers on the relevant platforms. Housemates made their nominations on Sunday evening. Frankie received 8 nominations; Tayo and JJ received 7 each Permithias received 6, Esther received...
(Ghana Web 10/16/14)
In a bid to fight Ebola Virus Disease (EVD), even before its likely penetration into Ghana -as projected by research, Ghanaian top celebrities has formed a united front, in conjunction with corporate entities- to empower Ghanaians against the deadly disease through educational campaign. The campaign which is tagged ‘ONE Ghana Uniting Against Ebola Campaign’ has been slated to take place on Saturday, 18th of October, 2014 at the Rawlings Park, Accra. Starting from 8:00am to 10:00am. ONE Ghana Uniting Against...
(AFP (eng) 10/16/14)
Despite sparse resources and limited institutional support, the world will soon wake up to Africa's ingenious new artists, according to some of the continent's leading exponents taking part in London's Contemporary African Art Fair. The four-day event -- the largest such fair outside Africa -- opens on Thursday and showcases the work of over 120 artists in the grand setting of Somerset House in the heart of the British capital in a bid to reach a global market. Some 27...
(News Day 10/10/14)
IT was a night of fun and of course lots of glitz and glamour at The Big Brother Africa (BBA) Hotshots launch on October 5 at The Whippet in Linden, Johannesburg, South Africa. After the unexpected burning down of the former BBA house also located in Johannesburg, viewers and audiences were naturally eager to see how this new venue would turn out and with no doubt Big Brother did not disappoint. The usual presenter, Ik Osakioduwa, popularly known as Ik,...
(Citifmonline 10/09/14)
Dancehall artistes Shatta Wale and Samini have not had the best of relationships and it is unlikely the pair will be sitting down for tea anytime soon after the latter appeared to mock the reigning artiste of the year about the lawsuit against him. Events company, Charterhouse is suing the musician and is seeking damages of ten million Ghana cedis after the the musician, a couple of weeks ago released series of videos online, which the company regarded as defamatory...
(BBC News Africa 10/09/14)
One of the most controversial stories from the 2014 World Cup is set for the big screen treatment. In June, the Ghana team refused to train just days before their final group match against Portugal because of a row over appearance fees. Ghana's government stepped in and sent more than $3m (£1.8m) in cash by plane to Brazil to pay the players. Bugeater Films, a United States film production company, is aiming to turn the story into a Hollywood hit...
(Ghana Web 09/23/14)
Mnet and Endamol continue to unveil housemates for Big Brother Hotshots, and today the second rep for Ghana has been unveiled alongside others. M’am Bea, 25, Ghana: Ghanaian M’am Bea lists her occupation as ‘Acting Trainee Manager/Fashion Designer’, and has a diploma in Management Finance. Her favourite foods are yam and nkontomere stew, fufu, palm nut soup and jolof rice. M’am Bea likes music by Sarkodie, Mafikizolo, John Legend, Wizkid and D’Banj. Her favourite place in Ghana is Aburi Garden...
(Citifmonline 09/04/14)
The Ghana Theatre Festival has been launched in Accra. The event is being organized by the National Theatre and the Ministry of Tourism, Culture and Creative Arts and comes off between September 11 and October 4. The event is aimed at promoting the diversity and uniqueness of African music, cultural performances and creative arts. The maiden edition will have various acts from the length and breadth of Ghana to showcase indigenous Ghanaian culture. The deputy Minister of the Tourism, speaking...
(Citifmonline 09/04/14)
The biggest gathering of movie industry players, the Ghana Movie Awards, comes off at the Accra International Conference Centre on December 30, 2014. This year’s event, the fifth in the series, seeks to take the event a notch higher as it brings the crème de la crème of Africa’s movie stars to celebrate with their Ghanaian counterparts. The organizers, the Ghana Movie Award Foundation, has officially called for entries to be submitted for consideration. “We wish to inform all movie...
(Citifmonline 08/27/14)
Miss Tourism Ghana 2013, Jessica Jemila Kawra, who will be launching the “Saving the environment through recycling” project, has said, environmental cleanliness has become a very critical issue in Ghana which could affect the tourism fortunes of the nation. According to her, it is possible that Ghana will become the least destination site for tourists and the country’s goal to make tourism the number one income earner will go down the drain. The project seeks to sensitize the youth on...

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(Cnbc Africa 10/30/14)
Power Africa, an initiative started by President Barack Obama, looks to all resources to meet high energy demands. The initiative looks to increase the number of people who have access to power in sub-Saharan Africa. Lai Yahaya, team leader for President Obama's Power Africa Senior Advisors Group, says following the Africa Leaders’ Summit, held in Washington DC, he is positive at the fact that African countries are intensifying efforts to reform and to liberalise environments. “What Power Africa is trying to do is bringing together the support available from a number of US agencies. But in a sense really it’s just recognising the importance of power sector development,” said Yahaya to CNBC Africa. One of...
(Bloomberg 10/29/14)
The 57-year-old cosmetics company owner has turned down a deal to ship her products to the U.S. because Ghana’s power supply is too erratic. “I had to let them go,” she said in an interview at her office in Accra, the capital, as she used a hand towel to wipe beads of sweat from her face. The electricity’s off, so there’s no fan to ease the 33-degree Celsius (91-degree Fahrenheit) heat or machinery to make her goods. “I don’t have regular power to produce and supply the creams and soaps to the market.” Ghana exports oil, is the world’s second-biggest...
(Voice of America 10/29/14)
Amos Bouye fled Liberia 12 years ago, as fighting engulfed the country, and wound up in a camp outside Ghana’s capital Accra. He wants to go back, but he missed the organized repatriations carried out by the United Nations. He doesn’t have the money to travel. Now, civil war refugees like Bouye face other deterrents to going home: Ebola, and the related closed roads and cancelled flights. "Right now there is no flight that is going, and there is no...
(Voice of America 10/29/14)
By 2018, a large solar power plant in the Tunisian part of the Sahara desert may start sending power to energy-hungry Western Europe. The company running the plant says once it is fully operational it will generate almost twice as much electricity as an average nuclear plant and supply two million homes in Europe. According to the European Commission’s Institute for Energy, just 0.3 percent of the Saharan Desert's intense solar energy can provide Europe with all the electrical power...
(Voice of America 10/28/14)
For years, poor Ghanaians have been burning old electronics in the open air to extract precious metals and sell them as scrap. But a new recycling center may mean the end of e-waste burning in Ghana. On the shores of a trash-clogged lagoon in Ghana’s capital Accra, scrap dealers set gutted electronics ablaze. Fire melts the plastic that stands between the scrap dealers and precious metals like copper. Black smoke belches from the Agbogbloshie neighborhood across the city. The lead...
(Ventures-Africa 10/28/14)
VENTURES AFRICA – In a bid to provide funding for private health facilities, top tier Fidelity Bank Ghana Limited (FBGL) and the United States Agency for International Development (USAID) have signed a $3.9 million deal that will see laon facilities availed for private hospitals and clinics accredited by the country’s National Health Insurance Authority (NHIA) or those seeking NHIA accreditation. A statement issued by the Global Media Alliance said the USAID will, through its Strengthening Health Outcomes through the Private...
(The Guardian 10/28/14)
Magnus Taylor picks his favourites from the upcoming Film Africa festival in London – from a pro-democracy struggle to a city battling religious extremists. In the dunes not far from Timbuktu, recently captured by militant jihadists, Kidane lives peacefully with his wife Satima, his daughter Toya, and shepherd, Issan. Residents in the culturally rich city are suffering: music, laughter, cigarettes and football have been banned and women are being chastised for not wearing the veil. Back in the dunes, an incident brings Kidane into the heart of the historic city and its new brutal regime.
(Voice of America 10/27/14)
The general secretary of the Ghana Medical Association says public sector workers will continue their indefinite strike action this week to pressure President John Dramani Mahama’s government to address their concern about their pensions. Public sector workers on strike include, doctors, nurses, pharmacists, teachers and other civil servants. Hospitals and health centers across the country have been reportedly deserted, due to the labor action. The government said the ongoing strike is illegal and has launched a legal challenge in court...
(Ventures-Africa 10/27/14)
VENTURES AFRICA – In the past 6 weeks, at least four potential nuclear deals have been initiated in three African countries. Understandably, the power situation on the continent has reached a tipping point where the private and public sector are making persistent efforts to boost power production in a sustainable fashion; and nuclear energy is gaining prominence among their list of options. South Africa, which already has one operational nuclear plant, has initiated two nuclear deals, one with Russia and...
(Voice of America 10/25/14)
While the world is focused on the Ebola outbreak in West Africa, cholera has sickened more than 7,000 in Ghana’s capital, Accra, since breaking out this summer. Fifty-seven victims have died. Simpson Boateng, director of public health for the Accra Metropolitan Assembly, said the outbreak was traceable to the cooking of food in the unsanitary conditions of the city's slums. Overflowing gutters and fetid, open sewers are common across the capital. But "cholera doesn't have any boundaries," he noted. People...
(Voice of America 10/23/14)
Ghanaians are struggling with crippling 12-hour power cuts across the country. Authorities are hoping a nearly-completed gas processing plant could be the key to alleviating the country’s energy woes. Ghanaians have been dealing with persistent power outages both in the capital Accra and in the countryside for months. The Electricity Company of Ghana recently warned it may have to resort to 24-hour power cuts. The situation has since improved, but Ghana still has a power deficit of 400 megawatts. The...
(Ventures-Africa 10/23/14)
VENTURES AFRICA – The first ever African Women in Real Estate Network is set to increase participation and opportunities for women in the sector, according to Ruth Obih, CEO of 3Invest, a service real estate consulting and investment firm based in Lagos, Nigeria. Referred to with the acronym A.W.I.R.E., the network was launched at the recently concluded Real Estate Unite, arguably the largest gathering of real estate professionals in Africa. “If we in the real estate are committed to our...
(Bloomberg 10/22/14)
Ghana will receive about $800 million from the International Monetary Fund as soon as January that will help stabilize the cedi, Minister of Finance Seth Terkper said. The package will help support the cedi’s recovery and prevent the currency from depreciating as quickly as it has in the past, Terkper said in an interview with Bloomberg TV Africa in London yesterday. The world’s second-largest cocoa producer says it aims to conclude talks with the Washington-based lender next month for a...
(Ventures-Africa 10/22/14)
VENTURES AFRICA – The International Monetary Fund (IMF) has warned African countries that rushing to issue Eurobonds could raise debt levels and undermine growth as they may face exchange rate risks and problems repaying debts. Several African countries, especially those once burdened with debts, have issued Eurobonds to raise money for capital projects. Reuters News Agency quotes the director of IMF’s African Department, Antoinette Sayeh, as saying, in an interview on Monday, that such Eurobonds come with risks. “Whereas what...
(International Business Times 10/21/14)
A nurse from Ghana is passionate in "exposing" the truth about the deadly Ebola virus. He or she claims the Red Cross is responsible in bringing the virus to four West African countries for four specific reasons with the grand goal of bringing U.S. troops on boots in Nigeria, Liberia and Sierra Leone. According to the nurse, U.S. wants to stop the protests conducted by the diamond miners in Sierra Leone. The miners were allegedly protesting against "cheap slave labour...
(Voice of America 10/21/14)
Gold mining puts money in the pockets of thousands in Ghana’s countryside. It also kills. Pit collapses claim the lives of the miners who delve deep into small-scale mines in search of bullion. But in Ghana’s poor, underdeveloped villages, people say there are few other ways to make money. The rivers in Ghana’s Ashanti region run a sickly brown. The land is pockmarked with gashes carved into the earth by excavators, the air filled with the sound of mining equipment...
(Bloomberg 10/21/14)
Ebola’s economic effects in Africa are proving hard to quarantine even in the 49 of 54 countries that are untouched by the virus. Corporate events are being canceled, international investors are declining to visit and multinationals are on high alert. The International Monetary Fund yesterday cut its forecast for economic growth in sub-Saharan Africa this year to 5 percent from 5.5 percent, due in part to “economic spillovers starting to materialize” from the outbreak. The ripple effects present a fresh...
(Ventures-Africa 10/20/14)
VENTURES AFRICA – The race to build hotels in Africa has never been bigger than it is today. Global hotel chain Marriot International’s recent announcement of a $1.5 billion Africa expansion plan stirred the market and a recent hotel conference on Africa. The capital investment will be used to build nine hotels, amounting to a 1,300 additional rooms, by 2015 and 30 additional hotels by 2020, adding another 5,550 rooms to the continent’s hotel room count. Marriot International’s construction plan...
(Bloomberg 10/17/14)
Ghana will probably conclude talks with the International Monetary Fund for budget support that includes a “funded program” next month, Minister of Finance Seth Terkper said. The Washington-based lender and Ghana finished the latest round of talks yesterday, the IMF said in an e-mailed statement. The IMF will send a team to Accra, the capital, next month to continue negotiations, Terkper said earlier today. “Yes, we are negotiating a funded program, that I can confirm,” Terkper said in a mobile-phone...
(Cnbc Africa 10/17/14)
The country is also optimistic that its 2015 budget can take that deal into account, deputy finance minister Cassiel Ato Forson told Reuters on Thursday. Forson spoke after a second round of talks with the fund in Washington. He said a third and decisive round would start in Ghana in the first week of November. Any deal would help the West African country restore its fiscal balance amid problems such as quickening inflation, a stubborn budget deficit and a currency...

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