Ghana | Africatime
Thursday 27 November 2014

Ghana

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(Ghana Web 11/27/14)
The National Chairman of the National Democratic Congress (NDC), Dr. Kwabena Adjei has pressed an alarm button over how the obscene use of money by some moneybags in the party could affect the integrity of the forthcoming congress scheduled for Kumasi next month. In a statement dated 23rd November 2014, he isolated instances of undemocratic conduct by some nouveau rich contestants, behavior which he noted could result in fallout worse than what played out during the infamous Koforidua Congress in 2005. He noted “the situation is anticipated to be even worse than what happened in Koforidua in 2005 if what I pick from the grapevine has any atom of truth.” He sneered at persons who...
(Myjoyonline 11/27/14)
Nayele Ametefe, aka Ruby Adu-Gyamfi, has been locked behind bars since her arrest at the Heathrow International Airport two weeks ago The Ghanaian lady at the centre of the raging cocaine scandal will later Thursday, November 27, 2014 appear before a court in London for the first time since her arrest by UK officials at Heathrow. The brief hearing will also take her plea to a charge of trafficking and illegally possessing 12.5kg of cocaine. Ms Ametefe is likely to plead guilty to the charges when her case, with ID number T20141080 Ametefe, is called at the UK court. She...
(Ghana Web 11/27/14)
The country's second biggest oil field, Tweneboa Eneryra, Ntome would attract about a half of Tullow’s two billion dollar expenditure for next year. This was contained in the company's interim management statement released from London. Tullow, in all, is expecting to spend about $5 billion on the TEN field which is expected to pour its first commercial oil by middle of 2016. The field could produce about 80 thousand barrels a day when commercial production begins. The amount Tullow is...
(Spy Ghana 11/27/14)
The National Chairman of the National Democratic Congress (NDC), Dr. Kwabena Adjei has pressed an alarm button over how the obscene use of money by some moneybags in the party could affect the integrity of the forthcoming congress scheduled for Kumasi next month. In a statement dated 23rd November 2014, he isolated instances of undemocratic conduct by some noveau rich contestants, behavior which he noted could result in fallout worse than what played out during the infamous Koforidua Congress in...
(Spy Ghana 11/27/14)
Mr Kofi Portuphy, National Co-ordinator of the National Disaster Management Organisation (NADMO), has filed his nomination to vie for the National Chairmanship position of the National Democratic Congress (NDC). Mr Portuphy, who was in white shirt with NDC colours, arrived at the old headquarters of the NDC around 1035 hours to submit his application form and a cheque for GHȻ5,000 to officials of the party in Accra. Mr Portuphy’s arrival at the head office was also heralded by heavy brass...
(Spy Ghana 11/27/14)
The Deputy Minority Leader and New Patriotic Party (NPP) Member of Parliament (MP) for Bimbilla, Dominic Nitiwul has accused the National Democratic Congress (NDC) of reneging on promises it made to Ghanaians during the 2008 campaign. According to the Bimbilla MP, it is completely unacceptable for the NDC to promise in its 2008 manifesto not to impose any further taxes on Ghanaians but make a big ‘U’ turn to tax everything under the sun. “Mr Speaker, this government is taxing...
(BBC News Africa 11/27/14)
Ghana's opposition has called for a parliamentary inquiry into allegations that a suspected cocaine trafficker had access to the presidential lounge at the country's main airport. The alleged trafficker was arrested in the UK, while three officials have been charged in Ghana. The case has gripped Ghanaians, as the opposition and governing party trade accusations of drug-dealing. West Africa is a major transit-point for smuggling cocaine to Europe. The BBC's Sammy Darko in Accra says the alleged cocaine bust has...
(Myjoyonline 11/27/14)
The Executive Director of the Center for Democratic Development (CDD-Ghana) Prof. Emmanuel Gyimah-Boadi is advocating radical constitutional amendments that will curb the discretionary powers of the president. He said even though the constitution cannot contain detailed rules guiding the conduct of the president, it has become necessary to curb the powers of the president because our “presidents have not been in the habit of acting prudently. Professor Gyimah-Boadi was commenting on the creation of a new Ministry of Power by...
(Spy Ghana 11/27/14)
Concerned Farmers Association of Ghana has threatened to boycott this year’s Farmers’ Day scheduled for December 5 at Sefwi Wiawso in the Western region to protest against government’s neglect of farmers. The Concerned Farmers Association, made up of cocoa farmers, rice growers, poultry and livestock farmers, as well as vegetable farmers, said the Farmers’ Day is just a window dressing by government as the agric sector, which is the most important one in the country, has been completely neglected. The...
(Ghana Web 11/27/14)
Nana Kwarteng, chief of Twedie, in the Atwima-Kwanowma District, and four others, have been arrested over alleged assault and causing harm. The four are Kwadwo Mintah, Jennifer Addai, Adwoa Kesewa, Emelia alias Nana Akua. They reportedly beat up one Kwaku Antwi, at the chief’s palace, injured him in the eye and other parts of the body. They have already appeared before a Kumasi Circuit Court, presided over by Mr. William Boampong, and pleaded not guilty to the offence. They were...
(Bloomberg 11/27/14)
SABMiller Plc (SAB) and Coca-Cola Co. (KO) will combine bottling operations for non-alcoholic beverages in southern and eastern Africa, forming the continent’s largest Coca-Cola bottler and allowing the world’s second-biggest brewer to expand in soft drinks. SABMiller will hold 57 percent of Coca-Cola Beverages Africa, with Coca-Cola holding 11.3 percent and Gutsche Family Investments owning the rest, the London-based maker of Grolsch and Peroni said in a statement today.
(Spy Ghana 11/26/14)
The Speaker of Parliament, on Tuesday abruptly suspended sitting when an argument by both sides of the House on the recent narcotics haul nearly degenerated into a contest of which political tradition had its history steeped in narco-trade. Deputy Minority Leader, Dominic Nitiwul, before making his contribution to the debate on the 2015 budget, pulled from under his table a 12-kilogramme bag of rice, raised it, and asked the House how a woman was able to outwit security at the...
(Xinhuanet 11/26/14)
ACCRA, Nov. (Xinhua) -- Ghana and Togo will soon let their border remain open for 24 hours a day, seven days a week, once negotiations between the technical teams of the two countries are concluded, President John Dramani Mahama said Tuesday. Addressing a reception ceremony for visiting Togolese President Faure Gnassingbe at the State House, Mahama said Gnassingbe has presented a proposal on the issue, which the technical teams were working on. He said the 24-hour open border would facilitate...
(Xinhuanet 11/26/14)
ACCRA, Nov. (Xinhua) -- Ghana's government plans to allow its state oil company to take over all of the country's oil and gas assets, according to the 2015 fiscal policy presented to parliament here on Wednesday by Finance Minister Seth Terkper. In the first move, it will allow the Ghana National Petroleum Corporation (GNPC) to take over the Ghana National Gas Company (GNGC) to create a gas subsidiary, according to the fiscal budget. The takeover means a more integrated management...
(Ghana Web 11/26/14)
Member of Parliament (MP) for Assin Central, Kennedy Ohene Agyapong has made shocking revelations about the close relationship that Nayeli Ametefe, the woman at the center of the recent cocaine bust, had with certain top officials in the country. Making his submissions on Adom FM's Badwam, the outspoken MP strongly alleged that the cocaine woman is a close associate of President Mahama's brother, Ibrahim Mahama, and the Chief Executive Officer (CEO) of Ghana's COCOBOD, Dr. Stephen Opuni. Addressing the cocaine...
(Ghana Web 11/26/14)
The opposition New Patriotic Party (NPP) is calling for a bi-partisan parliamentary inquiry into the Nayele Ametefe cocaine scandal. Ms Ametefe was busted at the Heathrow Airport in the UK on November 9 by UK authorities. She travelled on an Austrian passport through the VIP section of the Kotoka International Airport with 12.5-kg of cocaine, but was busted in Britain. Addressing a news conference in Accra, Wednesday, the minority in Parliament said explanation being given by government and security officials...
(Myjoyonline 11/26/14)
The Minority in Parliament is demanding full disclosure of all facts relating to how the lady at the centre of the narcotics bust managed to avoid detection at the Kotoka International Airport (KIA). Nayele Ametefe. Aka Ruby Adu Gyamfi, was arrested by UK authorities at Heathrow two weeks ago for attempting to traffic 12.5 kg of cocaine. Deputy Minority Leader, Dominic Nitiwul yesterday told Joy FM the NPP would make “major revelations” today over the cocaine scandal. Contrary, to their...
(Xinhuanet 11/26/14)
ACCRA, Nov. (Xinhua) -- Unstable and insufficient gas supply, as well as lowered gold and cocoa prices, has created a serious adverse impact on the Ghanaian economy. Presenting the 2015 annual budget before parliament on Wednesday, Finance Minister Seth Terkper said that the country was expected to end the year with a 4.6 percent growth in gross domestic product (GDP). This is the second time in four months for the Ghanaian government to trim its economic forecast. In July, the...
(Xinhuanet 11/26/14)
ABUJA, Nov. (Xinhua) -- A Nigeria-born cyclist on Tuesday said he was set to embark on a 1,000 km journey from Ghana to Nigeria to raise funds for the victims of the Ebola Virus Disease (EVD) and the fight against the pestilence. Yemi Oyekoya said that he hopes the journey, which will begin on Dec. 19 in the Ghanian capital Accra and end in the Nigerian commercial hub Lagos on Jan. 15, 2015, would generate more awareness in the fight...
(Xinhuanet 11/26/14)
NAIROBI, Nov. (Xinhua) -- The World Bank on Tuesday said Africa's creative industries and cultural revival could contribute to economic growth and poverty reduction. World Bank Kenya Country Director Diarietou Gaye told a cultural forum in Nairobi that the potential of the sectors is immense but remains largely untapped. "Africa needs to be in tune with the modern world by being more innovative in the way to market its culture by embracing new technologies," Gaye said during the National Stakeholders...

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(Myjoyonline 11/27/14)
Nayele Ametefe, aka Ruby Adu-Gyamfi, has been locked behind bars since her arrest at the Heathrow International Airport two weeks ago The Ghanaian lady at the centre of the raging cocaine scandal will later Thursday, November 27, 2014 appear before a court in London for the first time since her arrest by UK officials at Heathrow. The brief hearing will also take her plea to a charge of trafficking and illegally possessing 12.5kg of cocaine. Ms Ametefe is likely to plead guilty to the charges when her case, with ID number T20141080 Ametefe, is called at the UK court. She will appear before the Isleworth Crown Court situated at 36 Ridgeway Road for the first...
(Spy Ghana 11/27/14)
Mr Kofi Portuphy, National Co-ordinator of the National Disaster Management Organisation (NADMO), has filed his nomination to vie for the National Chairmanship position of the National Democratic Congress (NDC). Mr Portuphy, who was in white shirt with NDC colours, arrived at the old headquarters of the NDC around 1035 hours to submit his application form and a cheque for GHȻ5,000 to officials of the party in Accra. Mr Portuphy’s arrival at the head office was also heralded by heavy brass band music, motorbike display and singing by his teaming supporters. He was joined by NDC party bigwigs including Mrs Faustina...
(BBC News Africa 11/27/14)
Ghana's opposition has called for a parliamentary inquiry into allegations that a suspected cocaine trafficker had access to the presidential lounge at the country's main airport. The alleged trafficker was arrested in the UK, while three officials have been charged in Ghana. The case has gripped Ghanaians, as the opposition and governing party trade accusations of drug-dealing. West Africa is a major transit-point for smuggling cocaine to Europe. The BBC's Sammy Darko in Accra says the alleged cocaine bust has...
(Spy Ghana 11/27/14)
Concerned Farmers Association of Ghana has threatened to boycott this year’s Farmers’ Day scheduled for December 5 at Sefwi Wiawso in the Western region to protest against government’s neglect of farmers. The Concerned Farmers Association, made up of cocoa farmers, rice growers, poultry and livestock farmers, as well as vegetable farmers, said the Farmers’ Day is just a window dressing by government as the agric sector, which is the most important one in the country, has been completely neglected. The...
(Ghana Web 11/27/14)
Nana Kwarteng, chief of Twedie, in the Atwima-Kwanowma District, and four others, have been arrested over alleged assault and causing harm. The four are Kwadwo Mintah, Jennifer Addai, Adwoa Kesewa, Emelia alias Nana Akua. They reportedly beat up one Kwaku Antwi, at the chief’s palace, injured him in the eye and other parts of the body. They have already appeared before a Kumasi Circuit Court, presided over by Mr. William Boampong, and pleaded not guilty to the offence. They were...
(Ghana Web 11/26/14)
The opposition New Patriotic Party (NPP) is calling for a bi-partisan parliamentary inquiry into the Nayele Ametefe cocaine scandal. Ms Ametefe was busted at the Heathrow Airport in the UK on November 9 by UK authorities. She travelled on an Austrian passport through the VIP section of the Kotoka International Airport with 12.5-kg of cocaine, but was busted in Britain. Addressing a news conference in Accra, Wednesday, the minority in Parliament said explanation being given by government and security officials...
(Myjoyonline 11/26/14)
The Minority in Parliament is demanding full disclosure of all facts relating to how the lady at the centre of the narcotics bust managed to avoid detection at the Kotoka International Airport (KIA). Nayele Ametefe. Aka Ruby Adu Gyamfi, was arrested by UK authorities at Heathrow two weeks ago for attempting to traffic 12.5 kg of cocaine. Deputy Minority Leader, Dominic Nitiwul yesterday told Joy FM the NPP would make “major revelations” today over the cocaine scandal. Contrary, to their...
(Ips News 11/26/14)
Lagos — Two years ago, Shola* was kicked out of the family house in Abeokuta, in southwestern Nigeria, after testing HIV-positive at age 13. He was living with his father, his stepmother and their seven children. "The stepmother insisted that Shola must go because he is likely to infect her children," Tayo Akinpelu, programme director of Youth's Future Savers Initiative, told IPS. Akinpelu turned to Shola's mother, who had remarried. But she refused, arguing that his father should be responsible...
(Citifmonline 11/25/14)
A Deputy Minister for Education, Samuel Ablakwa has disclosed that government has over the years invested more than Gh¢5 billion into the educational sector. He explained that “quality education is key in deriving optimal value from Ghana’s natural resources…This is why government is investing more than five billion cedis over the period with 30 per cent of the national budget dedicated to education.” The Deputy Minister was speaking at the ‘Government of the People Forum’ being organised by the Ministry...
(The New Times 11/25/14)
African countries must come up with effective ways to control the escalating violence against women and girls on the continent. Oda Gasinzigwa, the Minister for Gender and Family Promotion, made the call yesterday at the opening of the Annual General Assembly of Kigali International Conference Declaration (KICD), that brought together delegates from 34 African countries. The conference, held under the theme; "Turn back crime against women and girls; the synergy of African security organs," was derived from Interpol's global campaign aimed at raising awareness against gender based violence.
(Myjoyonline 11/24/14)
Volta Regional Minister, Ms Helen Adjoa Ntoso, over the weekend, re-assured people in the region that government would not renege on its campaign promises to them. For this reason, she entreated them to be unwearied, as government facilitates procedures for the completion of major projects in the region. She acknowledged that work was progressing steadily on the University of Health and Allied Sciences, and that the project was possibly expected to be completed early next year, together with segments of...
(Myjoyonline 11/24/14)
Lands and Natural Resources Minister says no law has been broken by licensed mining companies who are mining their various concessions without Parliamentary approval. Nii Osah Mills told Myjoyonline.com in an interview that the mining companies can't just sit and wait for parliamentary approval when they have a business to run, and government an economy to manage. According to him, the companies are working and paying their taxes to the government as required by law and there is no cause...
(Spy Ghana 11/24/14)
Residents of several towns and villages within the Techiman North Constituency are singing the praises of their MP, Hon. Alex Kyeremeh who they say is a man of his words. This follows the donation of cash and items worth over thirty-Five thousand cedis to them in fulfillment of promises made to them prior to his election into office as Member of Parliament for the area. The MP who is also Deputy Minister of Education in charge of Pre-tertiary Education last...
(Ghana Web 11/24/14)
International Relations Analyst, Dr. Richard Amoako-Baah has told Citi News, government’s challenge to UK authorities over the Nayele Ametefeh cocaine saga is an “unnecessary diversionary tactic.” The Communication’s Minister, Dr. Edward Omane Boamah, on Saturday dared the UK government to disclose whether or not the suspected cocaine courier, Nayele Ametefeh, had a diplomatic passport in her possession. This, according to him, will help put to rest the truth or the lack thereof, in the claim that Nayele Ametefeh traveled with...
(Spy Ghana 11/24/14)
The Administrator of Stool Lands, Christie Bobobee is advocating a radical approach to tackling the rising incidence of child sexual abuse. She says the rate at which children are being molested sexually calls for intensified sex education alongside stiffer punishment for perpetrators. Her call follows recent report by the Police Domestic Violence and Victim Support Unit indicating a sharp increase in sexual abuse cases last year. Her call follows recent report by the Police Domestic Violence and Victim Support Unit...
(Ghana Web 11/22/14)
President John Dramani Mahama has dissolved the Governing Board of the Narcotics Control Board. A statement from the Flagstaff House said: “Further actions, according to the Chief of Staff, Prosper Bani, will follow in due course.” The dissolution of the Governing Board of the State anti-narcotics agency follows the recent arrest at Heathrow Airport, of a Ghanaian Lady, by UK authorities for trafficking 12.5kgs of cocaine to London. Nayele Ametefeh is currently being held by UK authorities. NACOB issued a statement, following her arrest, to say it collaborated with the UK authorities in the arrest.
(Xinhuanet 11/22/14)
ACCRA, Nov. (Xinhua) -- The 2015 budget of the government of Ghana presented to parliament Wednesday will be updated following conclusion of negotiations with the International Monetary Fund (IMF), Ghanaian Minister of Finance Seth Terkper said here Friday. Talks with the IMF were still going on and would conclude soon, Terkper said. The IMF team which has been holding discussions with the Ghanaian authorities over a financial support program has endorsed the government's budget issued Wednesday. The team said, if...
(Ghana Web 11/22/14)
The coming week is likely to witness a series of mass actions by Minority Members of Parliament (MPs) to press home their demand for a decrease in the prices of petroleum prices. This was after government introduced 17.5% tax on all petroleum products on Wednesday, November 19, 2014. Even though the members of the Minority New Patriotic Party (NPP) side of Parliament decided to boycott the bill that saw the introduction of the new petroleum taxes with a walkout, their...
(Reuters (Eng) 11/22/14)
Nairobi — Mobile phones and other technological innovations can be "game changers" in securing children's rights, the United Nations children's agency UNICEF said at the launch of its first crowd-sourced report on Thursday. UNICEF's flagship annual report State of the World's Children showcases cutting-edge innovations for children, from urine-powered generators to mobile phone-generated birth certificates, and invites readers to share their own ideas. "There are innovative minds and people all over the world that are coming up with solutions that can be game changers in terms of helping children to stay alive and realise their full potential," Jaya Murthy, UNICEF's Uganda spokesman, told the Thomson Reuters Foundation.
(Ghana Web 11/21/14)
Security Analyst, Dr. Kwesi Aning, has said heads must roll at the Narcotics Control Board (NACOB) over the latest cocaine scandal to establish the credibility of the institution. Dr Aning has also urged NACOB to immediately clarify whether it truly collaborated with the UK officials in the arrest of Nayele Ametefe with 12kg of cocaine in her suitcase. “Heads should not only roll, we need to let heads roll but even more importantly to ensure that we can bring the...

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(Ghana Web 11/27/14)
The country's second biggest oil field, Tweneboa Eneryra, Ntome would attract about a half of Tullow’s two billion dollar expenditure for next year. This was contained in the company's interim management statement released from London. Tullow, in all, is expecting to spend about $5 billion on the TEN field which is expected to pour its first commercial oil by middle of 2016. The field could produce about 80 thousand barrels a day when commercial production begins. The amount Tullow is planning to spend could see some equipment being brought into the country. According to the 2015 budget, the economy is expected to grow at about 3.9 percent, government can therefore raise some revenue from Tullow’s...
(Bloomberg 11/27/14)
SABMiller Plc (SAB) and Coca-Cola Co. (KO) will combine bottling operations for non-alcoholic beverages in southern and eastern Africa, forming the continent’s largest Coca-Cola bottler and allowing the world’s second-biggest brewer to expand in soft drinks. SABMiller will hold 57 percent of Coca-Cola Beverages Africa, with Coca-Cola holding 11.3 percent and Gutsche Family Investments owning the rest, the London-based maker of Grolsch and Peroni said in a statement today.
(Xinhuanet 11/26/14)
ACCRA, Nov. (Xinhua) -- Ghana's government plans to allow its state oil company to take over all of the country's oil and gas assets, according to the 2015 fiscal policy presented to parliament here on Wednesday by Finance Minister Seth Terkper. In the first move, it will allow the Ghana National Petroleum Corporation (GNPC) to take over the Ghana National Gas Company (GNGC) to create a gas subsidiary, according to the fiscal budget. The takeover means a more integrated management...
(Xinhuanet 11/26/14)
ACCRA, Nov. (Xinhua) -- Unstable and insufficient gas supply, as well as lowered gold and cocoa prices, has created a serious adverse impact on the Ghanaian economy. Presenting the 2015 annual budget before parliament on Wednesday, Finance Minister Seth Terkper said that the country was expected to end the year with a 4.6 percent growth in gross domestic product (GDP). This is the second time in four months for the Ghanaian government to trim its economic forecast. In July, the...
(Xinhuanet 11/26/14)
NAIROBI, Nov. (Xinhua) -- The World Bank on Tuesday said Africa's creative industries and cultural revival could contribute to economic growth and poverty reduction. World Bank Kenya Country Director Diarietou Gaye told a cultural forum in Nairobi that the potential of the sectors is immense but remains largely untapped. "Africa needs to be in tune with the modern world by being more innovative in the way to market its culture by embracing new technologies," Gaye said during the National Stakeholders...
(Bloomberg 11/25/14)
Ethiopia plans to sell its first dollar bond as Africa’s fastest-growing economy exploits record demand for the continent’s debt. Ethiopia picked Deutsche Bank AG and JPMorgan Chase & Co. for fixed-income investor meetings in Europe and the U.S. beginning tomorrow, according to a person familiar with the matter, who asked not to be identified as the information is private. The proceeds of the sale will be used to fund electricity, railway and sugar-industry projects, Finance Minister Sufian Ahmed said Oct...
(The Africa Report 11/25/14)
Ghana has created a new ministry for power in response to an energy crisis, as erratic power supply and uncoordinated outages haunt the economy, affect business operations and damage electric gadgets. The establishment of the new ministry is part of the government's efforts to restructure the power sector to ensure more stability and security. "The president expects the new ministry to bring about a sharper focus on the generation, supply and efficiency of power to match the growth the economy...
(Citifmonline 11/25/14)
Government has rubbished allegations by Dr. Mahamadu Bawumia that the 1 billion dollar Eurobond raised in September this year was used to artificially shore up the cedi from depreciating against major foreign currencies. According to the 2016 Vice Presidential Candidate of the New Patriotic Party(NPP), the money has been used to reduce government’s indebtedness at the Central Bank and not its original purpose. But speaking to Citi Business News , a Deputy Minister Of Finance Mona Quartey said the allegations...
(AFP (eng) 11/24/14)
Ghana on Monday accepted a bid from Italian oil major Eni to develop its offshore oil and gas resources, part of an effort to boost the west African nation's nascent energy sector, officials said. Under the $6 billion deal (4.8 billion euro) "commercial production of oil and gas (is expected to start) by mid-2017 to augment the country's current production capacity," the energy ministry said in a statement. The accord pertains specifically to the offshore field known as Cape Three...
(Ghana Web 11/24/14)
The government of Ghana and Eni Exploration have sealed a $6 billion deal to allow the Italy firm start oil and gas exploration at the Offshore Cape Three Points block in the Western region. Under the deal, Eni will also deploy a third floating production storage and offloading (FPSO) vessel that will help boost oil production in the West African country. According to a statement from the Energy Ministry, the deal is subject to parliamentary approval and the block should...
(Ghana Web 11/24/14)
The Government has described as untrue, allegations by Dr Mahamudu Bawumia, the 2016 Running Mate to Nana Akufo-Addo that the Mahama Administration has misapplied the proceeds of the oversubscribed US$1 billion Eurobond that was issued in September. “That allegation is far from the truth,” Deputy Finance Minister Mona Quartey told STARR FM’s Kobby Gomez Mensah in an interview Monday November 24, 2014. She said: “The proceeds from the Eurobond issue are being used for the intended purposes as listed in...
(Xinhuanet 11/24/14)
ACCRA, Nov. (Xinhua) -- The 2015 budget of the government of Ghana presented to parliament Wednesday will be updated following conclusion of negotiations with the International Monetary Fund (IMF), Ghanaian Minister of Finance Seth Terkper said here Friday. Talks with the IMF were still going on and would conclude soon, Terkper said. The IMF team which has been holding discussions with the Ghanaian authorities over a financial support program has endorsed the government's budget issued Wednesday. The team said, if...
(Citifmonline 11/24/14)
The Ghana Gas Company has announced it is working to get enough volumes of gas for the Volta River Authority (VRA) from the Atuabo Gas Plant. A statement signed by the company’s board chairman, Dr Kwesi Botchwey indicated that his outfit will soon pump out about 30 million standard cubic feet of gas to the VRA for energy production. “Following the receipt of the appropriate permits from the regulatory agencies, Ghana Gas is targeting a test ramp-up of up to...
(Citifmonline 11/24/14)
Ghana risks being classified as a country with a high risk of debt distress by International rating agencies, according to Dr. Mahamudu Bawumia, running-mate for the New Patriotic Party’s (NPP) presidential candidate, Nana Akufo Addo. According to the former Deputy Governor of the Bank of Ghana, government in the past six years has increased the nation’s debt stock by an average of 98% per year. Addressing members of the NPP UK branch and the Young Executive Forum in the UK,...
(Caj News Africa 11/24/14)
Nairobi — MTN, the network operator, said it had again topped the Brand Africa 100 list as the Most Admired and Most Valuable African Brand. Valued at over $5,4 billion, MTN is the only African brand valued over a billion dollars. "While it is nice to again be acknowledged as Africa's most valuable brand, it is even nicer to be ranked the most admired African brand. It means that MTN doesn't just have a spot in our customers' pocket book,...
(Ghana Web 11/21/14)
Mr Seth Terkper, Minister of Finance, said the objective of government under the food security and emergency preparedness programme is to reduce food and nutrition insecurity. This would be done through modernised agriculture, management of national strategic stocks for emergencies and the establishment of effective early warning systems. “To this end, 40 hectares of primary materials of cassava and five hectares of yam mini-set technology of newly released varieties were established out of a target of 160 hectares. Even though...
(Spy Ghana 11/21/14)
The International Monetray Fund (IMF) has welcomed government’s 2015 budget, presented to Parliament yesterday, which targets a reduction of the fiscal deficit by 3.5 percentage points of GDP. In a statement copied to Spyghana.com today 21 November, 2014, the Fund stated that, Mr. Toujas-Bernaté made the following statement at the end of the visit: “Following discussions held in Washington last month, the authorities continued to work on their economic and financial program to address domestic and external vulnerabilities. The authorities...
(Ghana Web 11/21/14)
Ghanaian local oil workers were the least paid in the world only second to their Sudanese counterparts who take about 11 per cent less on an average in 2013 and 2014, according to a research conducted by Hays, the global oil and gas recruitment experts. Importantly however, Hays affirms a 222 per cent disparity between what expatriates and locals take in Sudan while it says a 379.5 per cent disparity pertained in Ghana. Ghana according to the report had the...
(Citifmonline 11/21/14)
Government will soon be building 60 megawatts hydroelectric power plant in the Western Region to augment the current energy needs of the country. The project which is to be completed in three years will be constructed by the China International Water and Electric Corporation with support from the ministry of Energy and Petroleum at Sekyere Himang in the Wassa East District. The project is valued at three million US dollars. This was disclosed during a public hearing at the Wassa...
(Myjoyonline 11/20/14)
The government has requested Parliament to approve a bill imposing a Special Petroleum Tax of 17.5 per cent on selected petroleum products. PetroleumFinance Minister, Seth Terkper made the request when he presented the 2015 budget to Parliament on Wednesday. Subsequently after reading the budget for the 2015 financial year, the Minister presented the bill to the Speaker under a certificate of urgency. The Speaker immediately referred the bill to the Parliament’s Select Committee on Finance for consideration. Joy FM’s Parliamentary...

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(Xinhuanet 11/26/14)
ABUJA, Nov. (Xinhua) -- A Nigeria-born cyclist on Tuesday said he was set to embark on a 1,000 km journey from Ghana to Nigeria to raise funds for the victims of the Ebola Virus Disease (EVD) and the fight against the pestilence. Yemi Oyekoya said that he hopes the journey, which will begin on Dec. 19 in the Ghanian capital Accra and end in the Nigerian commercial hub Lagos on Jan. 15, 2015, would generate more awareness in the fight against the dreaded disease plaguing some countries in West Africa. "The fight against the Ebola disease has been made possible by voluntary contributions from governments, private organizations, non-governmental organizations and individuals. "This is why I...
(Ghana Web 11/24/14)
Ghana’s Sports Ministry has endorsed Israeli trainer Avram Grant as the next Black Stars coach to lead the team at the 2015 Africa Cup of Nations. A Ghana Football Association Executive Committee meeting on Thursday will ratify Grant’s appointment and confirm him as Kwesi Appiah’s successor. Local media reports claimed the former Portsmouth and West Ham United manager will earn a monthly salary of US$50,000 and a signing on fee of over US$200,000. The former Chelsea manager was approved on Friday after the Ghana Football Association met sector minister Mahama Ayariga to brief him on their choice and agreements reached...
(The Daily News 11/24/14)
Letlhakeng — With qualification for the next edition of the Africa Cup of Nations (Afcon) finals settled, a familiar picture has emerged being the dominance of the African soccer scene by the West Africans. For a long time West African Football Union (WAFU) teams have proved to be above par when compared to other regions such as Council of Southern African Football Associations (COSAFA), Council of East and Central African Football Associations (CECAFA), Central African Football Federations' Union (UNIFFAC) and...
(Ghana Web 11/21/14)
The fate of Avram Grant as the next Black Stars coach will finally be determined at a high-profile emergency meeting today between the Ghana Football Association (GFA) and the Minister of Youth and Sports, Mahama Ayariga. The FA boss, Kwesi Nyantakyi, told the Graphic Sports yesterday that today’s meeting was meant to brief the minister on the agreement reached between the association and the Israeli trainer prior to his expected appointment. According to him, the FA concluded discussions with the...
(Ghana Web 11/19/14)
Black Stars caretaker coach Maxwell Konadu says his charges are ready for today’s Africa Cup of Nations final qualifier against Togo in Tamale. Coach Konadu has mapped out a strategy to deepen the woes of the Hawks who lost heavily to Guinea last Saturday in Lome. Even a draw will see Ghana join the already qualified 10 teams for the Equatorial Guinea tournament, but indications are that the Stars will settle for nothing but a win. The Black Stars, like...
(Ghana Web 11/17/14)
Twenty-four players have been called up into the national U-20 team camp to begin preparations for the 2015 Africa Youth Championship. The selected players are to report to the national camp in Prampram on Thursday 20th November at 4pm. Ghana have qualified for the Africa Youth Championship to be staged by Senegal from 8-22 March 2015. Goalkeepers 1. Mutawakilu Seidu - Hearts of Oak 2. Sai Micheal - Berekum Chelsea 3. Odam Mustapha - Inter Allies Defenders 4. Owusu Bempah...
(BBC News Africa 11/14/14)
It will be almost impossible to stage the 2015 Africa Cup of Nations on time, says the man who organised the 2008 tournament in Ghana. Morocco was due to stage the 2015 Cup but was removed as host after expressing fears over the Ebola virus. The Confederation of African Football (Caf) insists the tournament will go ahead on time, starting on 17 January. But Dr Kofi Amoah told the BBC: "It could be a sham. I don't think there is...
(PANA 11/13/14)
Accra, Ghana - Maxwell Konadu, acting coach of Ghana's senior national football team, the Black Stars, has released the names of 23-man squad for Ghana's final two matches in the 2015 Africa Cup of Nations qualifiers at home to Togo and away to Uganda. Conspicuously missing are captain and striker Asamoah Gyan and midfielder Kwadwo Asamoah, who are out injured. The Ghana Football Association (GFA) said on its website on Sunday that the stand-in coach had handed striker Emmanuel Osei...
(Citifmonline 11/12/14)
After legally parting ways with former wife, Henrietta, the former Black Stars captain begins a new love life when he performs the traditional rites on Saturday. Former Ghana captain, John Mensah hopes to finally put the disappointment of his previous marriage to bed when he does the traditional ‘knocking’ for his new found love come this Saturday, November 15, according to the Graphic Sports. Mensah who successfully divorced from former wife and mother of his kids, Henrietta earlier this year...
(Ghana Web 11/12/14)
A seer Isaac Kwaku Gyan is claiming Maxwell Konadu is destined to win the 2015 Africa Cup of Nations and must be made the substantive coach of the Black Stars. The Ghana FA is set to name former Chelsea boss Avram Grant as Kwesi Appiah’s successor. “I understand that the Ghana Football Association is on the verge of naming a new coach to succeed Kwesi [Appiah] but Maxwell Konadu is the chosen one destined to lead the team,” Gyan told...
(Citifmonline 11/12/14)
Avram Grant will arrive in Accra on Wednesday night with advanced contract talks due to start on Thursday over the issues standing between the Israeli and a new job as Ghana coach. The Ghana Football Association says Grant will be handed a two-year contract as the new Ghana coach pending an agreement on the financial terms of his contract and other rules of engagement. “We’re going to engage Grant on the details of the job requirement and expectations which will...
(BBC News Africa 11/12/14)
The new hosts for the 2015 Africa Cup of Nations will be named in "two or three days", says the Confederation of African Football (Caf). Caf president Issa Hayatou revealed the timeframe in a live interview with TV channel France 24 on Tuesday. Hayatou added that the tournament dates remained 17 January to 8 February. It was announced earlier on Tuesday that original choice Morocco would not host because of its fears over the Ebola outbreak on the continent. Morocco had asked to postpone the competition until 2016 but Caf refused and expelled them from the finals.
(The New York Times 11/12/14)
Fear of the spread of Ebola has now thrown Africa’s most important soccer tournament into disarray. Morocco was removed Tuesday as host of the 2015 Africa Cup of Nations and expelled from participating in the biennial championship after it sought to delay the 16-team event, concerned about a spread of the virus. No replacement host has yet been named for the tournament, which is scheduled from Jan. 17 to Feb. 8. The expulsion of Morocco was announced by the Confederation...
(Citifmonline 11/11/14)
The Cranes of Uganda are getting into the final stages of preparations for their AFCON 2015 qualifier against the Black Stars of Ghana on Saturday. Head coach Milutin ‘Micho’Sredojevic oversaw the team’s 3-0 win over Ethiopia on Sunday in an international friendly and he has sanctioned a training session for Monday evening at the Namboole Stadium. The tam’s Kenyan-based players are expected to arrive in Kampala for the session. Uganda are currently 3rd in the qualifying group E with 4...
(New Vision 11/11/14)
If Cranes needed a bit of ‘Lady Luck’ to revive a campaign marginally on its deathbed, they seem to have that in their grasp this time. At least as of now, considering that Uganda’s Nations Cup opponents Ghana will for the first time in the current campaign battle without three of their most influential stars. On Monday, Ghana confirmed that Asamoah Gyan, Kwadwo Asamoah and Jordan Ayew would not make the trip to Kampala. In brief, the Black Stars will...
(PANA 11/11/14)
Addis Ababa, Ethiopia - Several innovations reported in recent years from across Africa bode well for the continent striving to get skills that meet its industry requirements in the 21st century, economic and labour experts meeting in Addis Ababa said on Saturday. But some basics must be in place for Africa to have the capacity to take advantage of what is happening globally in technology and innovation, according to Steve Kayizzi-Mugerwa, Acting Chief Economist and Vice President of the African...
(Ghana Web 11/10/14)
A Former Chelsea manager, Avram Grant, says his ambition is to make Ghana one of the biggest powerhouses in world football. The 59-year-old trainer emerged the most outstanding among three candidates interviewed recently by the GFA at the Alisa Hotel in Accra for the vacant Black Stars job and the Israeli is already relishing the prospects of coaching one of the most exciting teams in the world today. Three days after GFA president Kwesi Nyantakyi at a press conference named...
(AFP (eng) 11/10/14)
Ghana will be without key striker Asamoah Gyan and Juventus midfielder Kwadwo Asamoah for the crucial Africa Cup of Nations qualifiers against Uganda and Togo. Caretaker coach Maxwell Konadu announced a 23-man squad on Monday but the four-time African champions will be missing captain Gyan, who now plays in the United Arab Emirates, and Asamoah, who are both injured. The 'Black Stars', who won the last of their continental titles back in 1982, top Group E with eight points from...
(Myjoyonline 11/10/14)
Ghana's Youth and Sports Minister, Mahama Ayariga has revealed that the country will not host the 2015 African Cup of Nations. Mr. Ayariga told Joy FM Monday afternoon that government has told the President of Ghana's Football Association, Kwesi Nyantakyi that Ghana is unable to host the tournament. Morocco has written to the Confederation of African Football to say it cannot host the tournament because of the Ebola outbreak. CAF had written to Ghana to consider hosting 2015 AFCON in...
(BBC News Africa 11/10/14)
The five-man shortlist for the BBC African Footballer of the Year 2014 has been revealed. Title holder Yaya Toure has been nominated for the sixth consecutive year, along with Pierre-Emerick Aubameyang, Yacine Brahimi, Vincent Enyeama and Gervinho. The winner will be decided by fans of African football, who have until 18:00 GMT on Monday, 24 November to vote for their choice. Or to vote for BBC African Footballer of the Year 2014 by SMS, text the number of the player...

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(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 were Genevieve Nnaji, and Omotola Jalade-Ekeinde and they dazzled the red carpet with everything they had to showcase. Others include Kate Henshaw, Rita Dominic, Segun Arinze, Ramsey Nouah, Kalu Ikeagwu, Fred Amata, and Uru Eke,...
(Ghana Web 11/17/14)
Versatile Ghanaian Actress and Producer, Yvonne Okoro and Singer Efya Awindor were last Friday November 14, 2014 unveiled as a brand Ambassadors for the Head of State Awards Scheme Ghana (Duke of Edinburgh International Award)at a cocktail reception at the Artist Alliance gallery in Accra. The two young and talented celebrities will use their positions to advocate and serve as role models to young Ghanaians who enroll and participate in the Program. They will act as spokespersons during award presentations as well as reach out to corporate Ghana and individuals to garner support for the development of young people in...
(Citifmonline 11/12/14)
The long wait is finally over for Londoners—and surely the movie is worth the wait… The much talked about Shirley Frimpong Manso’s movie Love or Something Like That which has received rave reviews and has successfully turned even harsh critics into praise singers will receive a London premiere on 28th November, 2014 at the Odeon Cinema in Greenwich. The’ red carpet’ premiere which will introduce the movie for the first to audience outside Ghana will be attended by the cast...
(Citifmonline 11/10/14)
Under fire female Ghanaian musician, Itz Tiffany has blamed the devil for her current troubles sparked by a leaked sex tape. “I leave all to God. What the devil wants to do is to destroy me but this is not going to stop me from walking into the studio to record. Before anything happens to anybody God knows why it happens to you. It happened, I will deal with it, it’s my past it’s caught out with me but life...
(Ghana Web 11/06/14)
A veteran hiplife artist, Kwabena Otchere Darko known in showbiz as Obrafour, has expressed worry over what he termed the swift perishing of Ghanaian traditions and cultural values in our music. Obrafour in an exclusive interview with Dj Sly on Ark Fm over the weekend said “change is good but the change should be such that our foundations remain original since change is the law of nature”. He said Ghana music is gradually losing its sense of identity and belonging...
(Citifmonline 11/06/14)
In an unprecedented move to help elicit the best from the cast of the Versatile Show slated for Saturday, November 8, at the National Theatre, Phoenix Insurance Company has insured the 70 performers scheduled to be on stage for the production titled, The Beggars. The show’s producers say the private limited liability insurance outfit has agreed to provide an insurance cover of GH¢ 350, 000 for the entire cast. Each member is therefore insured to the tune of GH¢5,000. The...
(Citifmonline 11/05/14)
The Ghana Book Publishers association, is calling on government to fully support the publishing industries in order to help boost the nations economy. The President, Dr Samuel Osafo Acquaah, says government should not only make policies but also put the policies into action by providing an enabling environment for business and support for capacity building into the country’s population. He was speaking at the official opening of the 12th Ghana international book fair with the theme E-Books: a new tool...
(Ghana Web 11/05/14)
Despite being in operations for over 40 years, the Ghana Book Publishers Association (GPBA) faces several challenges which have hampered the growth of the sector, Dr Samuel Osafo-Acquaah, President of GBPA, has said. He was speaking to The Finder during a dialogue to bring stakeholders in the publishing sector to deliberate on the topic ‘The challenges facing the Publishing Sector and the way forward.’ He raised issues about the lack of financial support from banks and financial institutions that stemmed...
(Citifmonline 11/04/14)
The counsel for musician Kwame Asare Obeng, popularly known as A-Plus, has prayed the Accra High Court hearing the case brought against the musician to strike out the case. According to an motion filed in the court, Lawyer Gary Nimako Marfo argues that “as a matter of law, the writ of summons discloses no reasonable cause of action against the Defendant/Applicant and same ought to be struck out by the Honorable Court.” Maurice Ampaw sued A-Plus for comments allegedly made...
(Citifmonline 11/03/14)
Ghana’s Kacey Moore has been evicted in the ongoing Big Brother Africa HotShots reality show. The fourth live eviction show also saw the eviction of Rwanda’s Arthur and Namibia’s Luis. The eviction show kicked off with a performance from Patoranking. Kacey Moore, 29, was born in Accra, Ghana. Kacey is a married poet and songwriter, with a daughter. He enjoys banku and okro stew and says his favourite books are the Bible, the dictionary, and the thesaurus! Kacey Moore also...
(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,...
(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,...
(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...

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(BBC News Africa 11/27/14)
Ghana's opposition has called for a parliamentary inquiry into allegations that a suspected cocaine trafficker had access to the presidential lounge at the country's main airport. The alleged trafficker was arrested in the UK, while three officials have been charged in Ghana. The case has gripped Ghanaians, as the opposition and governing party trade accusations of drug-dealing. West Africa is a major transit-point for smuggling cocaine to Europe. The BBC's Sammy Darko in Accra says the alleged cocaine bust has increasingly assumed a political dimension. On Tuesday, Dominic Nitiwul - a senior member of the opposition New Patriotic Party (NPP) - appeared in parliament with three bags of rice, weighing around 13kg (28lbs). Mr Nitiwul...
(Ips News 11/26/14)
Lagos — Two years ago, Shola* was kicked out of the family house in Abeokuta, in southwestern Nigeria, after testing HIV-positive at age 13. He was living with his father, his stepmother and their seven children. "The stepmother insisted that Shola must go because he is likely to infect her children," Tayo Akinpelu, programme director of Youth's Future Savers Initiative, told IPS. Akinpelu turned to Shola's mother, who had remarried. But she refused, arguing that his father should be responsible for their son. "Shola felt as an outcast," says Akinpelu. Eventually, Shola's grandparents took him in. HIV among teenagers is...
(Bloomberg 11/25/14)
Ethiopia plans to sell its first dollar bond as Africa’s fastest-growing economy exploits record demand for the continent’s debt. Ethiopia picked Deutsche Bank AG and JPMorgan Chase & Co. for fixed-income investor meetings in Europe and the U.S. beginning tomorrow, according to a person familiar with the matter, who asked not to be identified as the information is private. The proceeds of the sale will be used to fund electricity, railway and sugar-industry projects, Finance Minister Sufian Ahmed said Oct...
(BBC News Africa 11/21/14)
Hundreds of handheld audio computers are to be given to some of Ghana's poorest communities to help spread potentially life-saving information. The Talking Books will let families play sound files as well as make their own recordings, which can be shared with others or used to give feedback. Organisers plan to use the kit to teach people about Ebola, how to deal with diseased crops and the importance of breastfeeding, among other topics. If successful, the trial should expand. Child-focused charity Unicef and the British computer chip designer ARM are providing most of the funds for the $750,000 (£477,850) scheme.
(Bloomberg 11/20/14)
Ghana’s pledge to cut the fiscal deficit by more than half in the next three years was met with skepticism by economists and investors concerned about a slowing economy. Finance Minister Seth Terkper proposed in his budget yesterday to narrow the shortfall to 3.5 percent of gross domestic product in 2017 from 9.5 percent this year. Economic growth will slow to 3.9 percent next year before rebounding to 9.6 percent in 2017, he said. “There’s good reason to be skeptical,”...
(Bloomberg 11/19/14)
Ghanaian Finance Minister Seth Terkper is set to outline plans today to rein in the budget deficit that may include spending cuts requested by the International Monetary Fund. Terkper, 57, will probably ask parliament to approve a fiscal shortfall of about 8 percent of gross domestic product for 2015, Angus Downie, London-based head of economic research at Ecobank Transnational Inc., said by phone Nov. 17. The deficit for this year may reach 10 percent, he said. Ballooning debt amid a...
(Bloomberg 11/19/14)
Ghanaian stocks gained for a ninth day in the longest winning streak since February with African investors looking for bargains while the continent’s worst-performing currency stemmed its loss. The Ghana Stock Exchange Composite Index (GGSECI) rose 0.3 percent to 2,272.47 by the close in the capital, Accra, the highest since Sept. 24. Six stocks gained and 29 were unchanged, with no decliners. The cedi strengthened 1.2 percent to 3.18 per dollar after Finance Minister Seth Terkper pledged to narrow the...
(Bloomberg 11/19/14)
Ghana is set to push state-owned corporations, including the cocoa regulator in the world’s second-biggest grower, to issue debt on their own balance sheets. The Ghana Cocoa Board may sell long-term bonds to finance infrastructure in the industry that’s the West African nation’s third-biggest foreign-currency earner, Finance Minister Seth Terkper told lawmakers in Accra, the capital, today as he presented the country’s 2015 spending plan. Securities backed by oil and gas assets are also being considered, he said. Ghana will...
(The Guardian 11/13/14)
Trade minister hails ‘orange hot’ growth as currency recovers value and IMF talks calm investor nerves. Ghana’s economy is showing new signs of life after a turbulent year in which its gross domestic product plummeted and the value of its currency almost halved. Investor confidence has been boosted in recent months by a stabilisation of Ghana’s national currency, the cedi, and ongoing talks with the International Monetary Fund (IMF) about a loan package, according to Ekwow Spio-Garbrah, the trade minister...
(Bloomberg 11/12/14)
Ghana’s central bank raised its policy rate to 21 percent, while reducing the band around it, having a neutral impact on borrowing costs to commercial lenders. The policy rate was increased from 19 percent, while the interest-rate corridor was narrowed to 300 basis points from 500 basis points, Governor Kofi Wampah told reporters today in the capital, Accra. The reverse repo rate, which is the rate at which the central bank lends to commercial banks, remains unchanged at 24 percent,...
(BBC News Africa 11/12/14)
The new hosts for the 2015 Africa Cup of Nations will be named in "two or three days", says the Confederation of African Football (Caf). Caf president Issa Hayatou revealed the timeframe in a live interview with TV channel France 24 on Tuesday. Hayatou added that the tournament dates remained 17 January to 8 February. It was announced earlier on Tuesday that original choice Morocco would not host because of its fears over the Ebola outbreak on the continent. Morocco had asked to postpone the competition until 2016 but Caf refused and expelled them from the finals.
(The New York Times 11/12/14)
Fear of the spread of Ebola has now thrown Africa’s most important soccer tournament into disarray. Morocco was removed Tuesday as host of the 2015 Africa Cup of Nations and expelled from participating in the biennial championship after it sought to delay the 16-team event, concerned about a spread of the virus. No replacement host has yet been named for the tournament, which is scheduled from Jan. 17 to Feb. 8. The expulsion of Morocco was announced by the Confederation...
(BBC News Africa 11/10/14)
The five-man shortlist for the BBC African Footballer of the Year 2014 has been revealed. Title holder Yaya Toure has been nominated for the sixth consecutive year, along with Pierre-Emerick Aubameyang, Yacine Brahimi, Vincent Enyeama and Gervinho. The winner will be decided by fans of African football, who have until 18:00 GMT on Monday, 24 November to vote for their choice. Or to vote for BBC African Footballer of the Year 2014 by SMS, text the number of the player...
(The Guardian 11/07/14)
The former Chelsea manager Avram Grant has been identified as the man the Ghana Football Association want to take over as coach, although a deal has still yet to be agreed. Grant, who also had spells in charge of Portsmouth and West Ham, is the technical director for Thai club Tero Sasana having resigned as the Partizan Belgrade manager in May 2012. The Israeli was included on a five-man shortlist to take over as the Black Stars coach along with...
(Business Week 11/06/14)
Izwe Loans Ltd. will list debt on the Ghana Alternative Market next week after selling the West African nation’s first corporate bond in more than seven years. The company, which started giving personal loans in Pretoria, South Africa’s capital, in 2004, will list 38.6 million cedis ($12 million) of one- to three-year securities sold to 13 Ghanaian fund managers, it said in a statement e-mailed by the stock exchange in Accra, the capital. They’re part of an 80 million-cedi medium-term...
(Voice of America 11/06/14)
Heads of state and government officials from the Economic Community of West African States (ECOWAS) plan to meet Thursday at an extraordinary summit in Ghana’s capital, Accra. High on the agenda is discussing measures to ensure a peaceful transition and restoration of democratic rule in Burkina Faso, as well as reassessing efforts to contain the outbreak of Ebola in parts of West Africa, according to Haruna Warkani, a spokesman for ECOWAS. “The two important things on the agenda are combating...
(Business Week 11/06/14)
On the top two floors of a five-story building on Strathmore University’s campus in Nairobi, students with tablets and laptops are gradually changing the face of the East African economy. As part of the university’s master’s program in mobile telecommunications, they spend their days developing computer apps tailor-made for African markets. Their creations include Valuraha, an app that simulates trading on the Nairobi stock exchange as a teaching tool, and Henga Systems, which tracks activity on a mobile phone owner’s...
(Voice of America 11/05/14)
Three West African leaders are traveling to Burkina Faso to push the country's military leadership to carry out its pledge to hand over power to a civilian transitional government. Ghana's President John Mahama, Nigerian President Goodluck Jonathan and Senegalese President Macky Sall are due to be in Ouagadougou on Wednesday. The military took control Friday after president Blaise Compaore resigned and fled to neighboring Ivory Coast Ivorian President Alassane Ouattara said Tuesday that Compaore is in "good spirits" and can...
(Voice of America 11/05/14)
When it comes to fighting viral outbreaks - or even stopping water shortages - healthcare applications which integrate real-time analytics, data centers and messaging platforms are poised to improve the critical initial response to epidemics and natural disasters. mHero, new app The first line of defense against deadly viral outbreaks, water shortages and food scarcity might just end up on your phone. A new application called mHero, created in Uganda, combines health worker registries, patient data, real-time monitoring and open messaging systems to ensure a fast and integrated response. mHero stands for Mobile Health Worker Electronic Response and Outreach.
(Bloomberg 11/04/14)
The risk of Ghana overspending before elections in 2016 and missing International Monetary Fund targets tied to a bailout is spurring ING Investment Management to consider selling the nation’s Eurobonds. The world’s second-biggest cocoa producer is in talks with the Washington-based IMF that may lead to about $800 million in assistance as soon as January, Finance Minister Seth Terkper said last month. The West African nation turned to the IMF as revenue from exports including gold dropped and spending rose,...

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