Monday 22 January 2018

Ghana

(AFP (eng) 01/22/18)
Some of the girls wear hijabs, others are barefoot and the sandy pitch is marked out in charcoal. But the 14 players could be Ghana's rugby stars of the future. One of them, Maimuna Dawda, used to watch matches on television before she got the chance to hold the oval ball for herself in 2016. Now, the 14-year-old plays three games of short-format seven-a-side every week at the Kanda Cluster of Schools that she attends in the capital, Accra. In places like Ghana, where society is still overwhelmingly male-dominated and gender roles remain traditionally assigned, rugby -- where it's played -- is seen as a man's game. But Dawda wants to prove otherwise and represent...
(AFP (eng) 01/19/18)
US Ambassador Nikki Haley expressed regret on Thursday to African ambassadors who were outraged by President Donald Trump's alleged description of African countries as "shithole" nations, the head of the African Group said. Haley asked to meet the African ambassadors at the United Nations after they released a joint statement on Friday demanding an apology from Trump for his "outrageous, racist and xenophobic remarks." Ambassador Anatolio Ndong Mba of Equatorial Guinea, who chairs the Africa Group, said the US ambassador did not offer an apology during the closed-door meeting, but she did express regret. Haley told the meeting that "she was not there at the White House, she is not sure what was said, but she regretted all this situation...
(Reuters (Eng) 01/18/18)
ACCRA (Reuters) - Ghana’s economy is rebounding and the major commodity exporter is poised to wean itself off bailouts through sustained fiscal discipline and a battle against corruption, President Nana Akufo-Addo said on Wednesday. The former opposition leader, sworn into office a year ago, said his government spent the past year stabilizing the economy, including clearing huge debts while rolling out infrastructure such as schools and roads. Ghana, which exports cocoa, gold and oil, is in the last year of...
(Reuters (Eng) 01/18/18)
ACCRA (Reuters) - Exxon Mobil Corp signed a deal with Ghana on Thursday to explore for oil in the Deepwater Cape Three Point offshore (DWCTP) oilfield. The signing followed direct negotiations between Ghana and Exxon Mobil without an open competitive tender due to the nature of the field, where the depth ranges from 2,000 to 4,000 meters, Ghanaian officials said. Ghana, which exports cocoa and gold, began commercial production of oil from its flagship Jubilee reserves in late 2010. Other...
(AFP (eng) 01/17/18)
Ghana's president, Nana Akufo-Addo, on Wednesday vowed no let-up in security after an investigation was launched into a possible extremist plot in the capital. Three men were charged on Tuesday with possession of explosives after suspected hand grenades were found in the Odorkor area of Accra. Ghana's inspector general of police, David Asante-Apeatu, said officers were looking for "potential allies" of the trio "inside and outside the country". Akufo-Addo told a news conference to mark his first year in power...
(AFP (eng) 01/17/18)
Police in Ghana on Tuesday said they were investigating whether three people had links to extremist groups after they were arrested following the discovery of suspected explosives in the capital. The Ghana Police Service announced in a statement late on Monday that the suspects were detained after the discovery in the Odorkor area of Accra. On Tuesday it said three men -- identified as Ismaila Ali Musah, Abdul Karim Yakubu and Osman Hassan -- had been charged with possession of explosives and remanded in custody to reappear in court on January 30. No further details were given and Ghana's most senior police officer, Inspector General of Police...
(AFP (eng) 01/17/18)
There's nothing covert about Roxy -- a huge market in Abidjan selling counterfeit medicine, the scourge of Africa and the cause of around 100,000 deaths annually on the world's poorest continent. Located in the bustling Adjame quarter of Ivory Coast's main city and commercial hub, the haven for fake medicine has been targeted time and again by authorities and stockpiles burnt. But it resurfaces every time. "The police hassle us but they themselves buy these medicines," said Mariam, one of...
(Reuters (Eng) 01/16/18)
ACCRA (Reuters) - Police in Ghana have seized suspected explosives of various kinds in Accra, the capital, and are holding three men connected to the substances, the regional police command said in a statement on Monday. It did not give details of the arrest, but police sources told Reuters that at least seven grenades were retrieved following a tip-off. “Police is investigating the matter in coordination with the relevant agencies and therefore assures the public to remain calm,” said the statement issued by Assistant Commissioner David Eklu. It asked that anybody with related information should contact police emergency lines.
(AFP (eng) 01/15/18)
Ghana's President Nana Akufo-Addo on Saturday said Donald Trump's reported description of African nations as "shithole countries" was unacceptable, while his predecessor branded the US head of state a racist. President Akufo-Addo tweeted that Trump's reported language was "extremely unfortunate", adding: "We are certainly not 'a shithole country'." "We will not accept such insults, even from a leader of a friendly country, no matter how powerful." Ghana is widely seen as a stable, peaceful country in an often turbulent region,...
(AFP (eng) 01/12/18)
The African Union said Friday that President Donald Trump's reported description of African nations as "shithole countries" broke with "accepted behaviour" and was "extremely upsetting." Ebba Kalondo, spokeswoman for AU Chairperson Moussa Faki, told AFP that Trump's statement "truly flies in the face of accepted behaviour and practice." "This is not only hurtful, I think, to people of African origin in the United States, but certainly to African citizens," she said. "It's an extremely upsetting statement," she added. The comment was reportedly made during a Thursday meeting with lawmakers about immigration reform...
(AFP (eng) 01/12/18)
President Donald Trump reportedly lashed out in a Thursday meeting with lawmakers about immigration reform, demanding to know why the US should accept citizens from what he called "shithole" countries. The comments, first reported by The Washington Post, sparked anger among Democrats and Republicans and revived questions about Trump's tendency to make racially charged remarks. Trump sat down with senators and congressmen at the White House to discuss a proposed bipartisan deal that would limit immigrants from bringing family members...
(AFP (eng) 01/03/18)
Israel on Wednesday began implementing a plan to force tens of thousands of African migrants out of the country by April, threatening to arrest those who stay. "This plan will get under way today," Prime Minister Benjamin Netanyahu said at the start of a cabinet meeting. Under the programme, some 38,000 migrants who entered Israel illegally, mainly Eritreans and Sudanese, will have until the end of March to leave. Each will receive a plane ticket and $3,500 (2,900 euros) to...
(AFP (eng) 12/27/17)
Joseph Awuah-Darko sits on a stool at one of the world's largest electronic waste dumps, watching polystyrene and insulation cables burn on the blackened ground. "It's survival and dystopia," says the 21-year-old British-born Ghanaian, surveying the stretch of wasteland around him as dense plumes of acrid smoke rise into the air. Awuah-Darko and his university friends have ambitious plans for the sprawling Agbogbloshie dumping ground in Ghana's capital, Accra. In January this year, he co-founded the non-profit Agbogblo.Shine Initiative, which...
(AFP (eng) 12/20/17)
Qatar's emir was to tour six West African nations starting Wednesday in search of new markets, six months after Saudi Arabia and other Arab countries cut ties with the wealthy emirate. Foreign ministry spokeswoman Lulwa al-Khater told a press conference that Sheikh Tamim bin Hamad Al-Thani's mission would begin in Mali, and include stops in Burkina Faso, Ivory Coast, Ghana, Guinea and Senegal. The visit is part of Doha's drive to open up new markets and diversify its economy amid...
(AFP (eng) 12/18/17)
France on Monday accepted a first group of 19 refugees who were identified in Africa under an overhauled asylum policy that will also see it expel thousands of economic migrants. While it has drawn little public outcry in France, the policy faces stiff opposition from the left and from charities that shelter migrants, 22 of which called in an open letter for France's rights ombudsman Jacques Toubon to intervene. Djamel, a refugee from the Central African Republic, arrived at Paris's...
(APA 12/15/17)
The call for the suspension of the Chairperson of the Electoral Commission (EC), Mrs. Charlotte Osei, dominates the headlines of Ghanaian newspapers. The Daily Guide says some aggrieved staff of the Commission who sent a petition to the President, Nana Addo Dankwa Akufo-Addo, to initiate impeachment process to remove her from office, are further calling for her suspension to pave way for thorough investigation into the matter. They invoked Article 146 (10) of the 1992 Constitution of Ghana, which encourages...
(APA 12/15/17)
The Ministry of Health is facilitating the procurement of meningitis and swine flu (H1 N1 2009) vaccines, following the outbreak in some second cycle schools, APA learns here on Friday. The vaccines are expected to arrive in the country by the weekend, according to Dr. Kwaku Agyeman-Manu, Minister of Health, who is currently in Switzerland on official duties. The report by The Finder newspaper on Friday said that Dr. Badu Sarkodie, director in charge of Public Health Division of the...
(AFP (eng) 12/11/17)
Up to 6,000 Africans who fought for the Islamic State (IS) jihadist group in Iraq and Syria could return home, the African Union's top security official warned Sunday, calling on countries to prepare for the threat. Smail Chergui, the AU's commissioner for peace and security, said African nations would need to work closely with each other and share intelligence to counter returning militants. "There are reports of 6,000 African fighters among the 30,000 foreign elements who joined this terrorist group...
(AFP (eng) 12/06/17)
Angry AIDS activists are urging western and central Africa to step up the fight against HIV, saying millions of people, especially children, are at risk from complacency and underfunding. A six-day conference in Africa has thrown a stark light on the problems in a region whose two dozen nations extend from Mauritania in the north to Gabon in the south, and include some of the poorest countries in the world. Coalition Plus, an alliance of AIDS groups, said AIDS-related deaths...
(AFP (eng) 12/06/17)
Conflicts, violence and disaster across Africa forced some 15,000 people to flee their homes every day in the first half of the year, international monitors said Wednesday. A total of 2.7 million Africans were internally displaced within their own countries in the first six months of 2017, a report by the Internal Displacement Monitoring Centre (IDMC) and the Norwegian Refugee Council (NRC) found. They join the estimated 12.6 million internally displaced people (IDPs) living in African countries at the end...

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(AFP (eng) 01/17/18)
Police in Ghana on Tuesday said they were investigating whether three people had links to extremist groups after they were arrested following the discovery of suspected explosives in the capital. The Ghana Police Service announced in a statement late on Monday that the suspects were detained after the discovery in the Odorkor area of Accra. On Tuesday it said three men -- identified as Ismaila Ali Musah, Abdul Karim Yakubu and Osman Hassan -- had been charged with possession of explosives and remanded in custody to reappear in court on January 30. No further details were given and Ghana's most senior police officer, Inspector General of Police...
(AFP (eng) 01/17/18)
There's nothing covert about Roxy -- a huge market in Abidjan selling counterfeit medicine, the scourge of Africa and the cause of around 100,000 deaths annually on the world's poorest continent. Located in the bustling Adjame quarter of Ivory Coast's main city and commercial hub, the haven for fake medicine has been targeted time and again by authorities and stockpiles burnt. But it resurfaces every time. "The police hassle us but they themselves buy these medicines," said Mariam, one of the many mainly illiterate vendors who hawk everything from painkillers and antibiotics to anti-malaria and anti-retroviral treatments. "When we are harassed we always come to an arrangement with them to resume our activities," she said. Fatima, another hawker, said: "Many...
(Reuters (Eng) 01/16/18)
ACCRA (Reuters) - Police in Ghana have seized suspected explosives of various kinds in Accra, the capital, and are holding three men connected to the substances, the regional police command said in a statement on Monday. It did not give details of the arrest, but police sources told Reuters that at least seven grenades were retrieved following a tip-off. “Police is investigating the matter in coordination with the relevant agencies and therefore assures the public to remain calm,” said the statement issued by Assistant Commissioner David Eklu. It asked that anybody with related information should contact police emergency lines.
(AFP (eng) 01/03/18)
Israel on Wednesday began implementing a plan to force tens of thousands of African migrants out of the country by April, threatening to arrest those who stay. "This plan will get under way today," Prime Minister Benjamin Netanyahu said at the start of a cabinet meeting. Under the programme, some 38,000 migrants who entered Israel illegally, mainly Eritreans and Sudanese, will have until the end of March to leave. Each will receive a plane ticket and $3,500 (2,900 euros) to...
(AFP (eng) 12/27/17)
Joseph Awuah-Darko sits on a stool at one of the world's largest electronic waste dumps, watching polystyrene and insulation cables burn on the blackened ground. "It's survival and dystopia," says the 21-year-old British-born Ghanaian, surveying the stretch of wasteland around him as dense plumes of acrid smoke rise into the air. Awuah-Darko and his university friends have ambitious plans for the sprawling Agbogbloshie dumping ground in Ghana's capital, Accra. In January this year, he co-founded the non-profit Agbogblo.Shine Initiative, which...
(AFP (eng) 12/18/17)
France on Monday accepted a first group of 19 refugees who were identified in Africa under an overhauled asylum policy that will also see it expel thousands of economic migrants. While it has drawn little public outcry in France, the policy faces stiff opposition from the left and from charities that shelter migrants, 22 of which called in an open letter for France's rights ombudsman Jacques Toubon to intervene. Djamel, a refugee from the Central African Republic, arrived at Paris's...
(AFP (eng) 12/06/17)
Angry AIDS activists are urging western and central Africa to step up the fight against HIV, saying millions of people, especially children, are at risk from complacency and underfunding. A six-day conference in Africa has thrown a stark light on the problems in a region whose two dozen nations extend from Mauritania in the north to Gabon in the south, and include some of the poorest countries in the world. Coalition Plus, an alliance of AIDS groups, said AIDS-related deaths...
(AFP (eng) 12/06/17)
Conflicts, violence and disaster across Africa forced some 15,000 people to flee their homes every day in the first half of the year, international monitors said Wednesday. A total of 2.7 million Africans were internally displaced within their own countries in the first six months of 2017, a report by the Internal Displacement Monitoring Centre (IDMC) and the Norwegian Refugee Council (NRC) found. They join the estimated 12.6 million internally displaced people (IDPs) living in African countries at the end...
(AFP (eng) 12/05/17)
The head of the UN's AIDS agency on Monday urged African countries to protect young women and children who are bearing the brunt of the continent's AIDS epidemic. A sharp rise of people living with the human immunodeficiency virus (HIV) has now slowed, "but now is not the time to drop our guard," Michel Sidibe, executive director of UNAIDS, told the start of a six-day conference on HIV/AIDS and sexually-transmitted diseases in Africa. "The many changes under way in our...
(Reuters (Eng) 11/30/17)
DAKAR/LIBORE, Niger (Reuters) - Mabingue Ngom, the head of the U.N. Population Fund in West Africa, knows that if he wants to cut birth rates he can’t ignore religion. Population experts like Ngom are worried that if West Africa’s population continues to grow at its current pace - the region has the highest birth rate in the world - it will drive fiercer competition for scarce water and farmland, and fuel malnutrition, conflict and ever more economic refugees. West African...
(AFP (eng) 11/30/17)
Twenty-five asylum seekers from Africa arrived safely in Rome Thursday, using a Christian "humanitarian corridor" set up for Syrians fleeing the war in their homeland. "It was just a project but it became THE project, the way of the future," said Mario Morcone of the Italian interior ministry. The 25 men, women and children from Somalia, Eritrea and South Sudan arrived in Rome before dawn on a flight from Ethiopia. They will be moved to centres across the country. "We...
(AFP (eng) 11/29/17)
More than 80 African and European leaders will gather in the Ivory Coast on Wednesday to promote jobs and stability for Africa's exploding population, with some calling for a new "Marshall Plan." The two-day summit in Abidjan opens as the European Union increasingly sees its fate linked to Africa's following the twin shocks of unprecedented migration and terrorist attacks. It comes as China, India, Japan, the Gulf Arab states and others also compete for influence on a continent where the 28-nation EU remains as a whole the biggest economic and political player. European Parliament President Antonio Tajani told parliamentarians from both continents before the summit...
(AFP (eng) 11/28/17)
A furore over migrant slave markets in Libya casts a shadow over an AU-EU summit this week that aims to promote Africa's long-term economic growth and stability, spurred by European fears of terrorism and mass migration. The two-day African Union and European Union summit opening Wednesday in the Ivory Coast economic capital Abidjan is focused mainly on the need to create jobs for Africa's rapidly growing population. The summit marks what Europe sees as a potential turning point for broader...
(Agence Ecofin 11/27/17)
The French Office for the Protection of Refugees and Stateless Persons (OFPRA) has auditioned, between November 15 and 18, in Niger, migrants evacuated from Libya. The process aimed at initiating the procedure to grant asylum to all those that need one after suffering human rights abuses, rape, torture, arbitrary detention in Libya… The audition in Niamey follows another that was conducted in Chad, last October. In Niger, a total of 72 migrants were auditioned. Among those, 47 were selected, in...
(AFP (eng) 11/24/17)
Forty people are facing prosecution after police raids in west and central Africa rescued nearly 500 victims of human trafficking, Interpol said on Thursday. Raids were carried out in Chad, Mali, Mauritania, Niger and Senegal as part of a German foreign ministry funded initiative targeting organised crime in the region. Of the nearly 500 people rescued, 236 were children, Interpol said in an emailed statement. The operation happened between November 6 and 10, it added later. Those arrested are accused of forcing their victims into begging and prostitution and face charges including human trafficking, forced labour and child exploitation.
(AFP (eng) 11/17/17)
Africa is making only faltering progress towards food and nutrition security, the UN's Food and Agriculture Organization (FAO) has warned. "Multiple forms of malnutrition coexist, with countries experiencing simultaneously high rates of child undernutrition or anaemia as well as high rates of obesity," it says in a new report, Regional Overview of Food Security and Nutrition. In sub-Saharan Africa, "progress towards the World Health Assembly global nutrition targets has been generally poor," the Rome-based agency says, referring to goals to...
(AFP (eng) 11/13/17)
Ministers from 13 European and African countries on Monday pledged steps to ease the migrant crisis around the Mediterranean, vowing especially to improve conditions for migrants held in Libya. Interior ministers and other representatives from countries impacted by the ongoing wave of migration up through Africa towards Europe, including Libya, voiced deep concern over the "ongoing human tragedy" along the so-called Central Mediterranean route. "The participants intend to address the challenges posed by the alarming situation along the migration route...
(AFP (eng) 11/08/17)
A dozen other students look on as Umar Amadu uses a glass pipette to draw a solution from a conical flask as part of a chemistry experiment. It could be a scene from any school laboratory around the world, but until two months ago Amadu and his fellow students had no access to any science equipment. Science subjects at his rural secondary school outside the city of Katsina in northern Nigeria were taught using theory only. But now they have...
(Reuters (Eng) 11/07/17)
CAPE TOWN (Reuters) - Ride-hailing service Uber Technologies Inc. [UBER.UL] is growing rapidly in sub-Saharan Africa and considering moves into more markets, despite sometimes violent opposition from metered taxi drivers, a senior executive said on Tuesday. Uber’s service has triggered protests by rivals from London to New Delhi as it up-ends traditional business models that require professional drivers to pay steep licensing fees to do business. “We are bullish on Africa. The growth here is still substantial and we think...
(Reuters (Eng) 11/06/17)
JOHANNESBURG (Reuters) - Africa’s mobile internet connections are set to double in the next five years, a study showed on Monday, thanks to affordable smartphones and the roll-out of high-speed networks. A report by research and consulting firm Ovum in London estimates that mobile broadband connections will rise from 419 million at the end of this year to 1.07 billion by the end of 2022. “Data connectivity is growing strongly in Africa, and there are also good prospects on the...

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(Reuters (Eng) 01/18/18)
ACCRA (Reuters) - Ghana’s economy is rebounding and the major commodity exporter is poised to wean itself off bailouts through sustained fiscal discipline and a battle against corruption, President Nana Akufo-Addo said on Wednesday. The former opposition leader, sworn into office a year ago, said his government spent the past year stabilizing the economy, including clearing huge debts while rolling out infrastructure such as schools and roads. Ghana, which exports cocoa, gold and oil, is in the last year of a $918 million credit deal signed in 2015 with the International Monetary Fund to reduce the deficit, public debt and inflation and lift growth. “I am glad to report that the hard work is yielding...
(Reuters (Eng) 01/18/18)
ACCRA (Reuters) - Exxon Mobil Corp signed a deal with Ghana on Thursday to explore for oil in the Deepwater Cape Three Point offshore (DWCTP) oilfield. The signing followed direct negotiations between Ghana and Exxon Mobil without an open competitive tender due to the nature of the field, where the depth ranges from 2,000 to 4,000 meters, Ghanaian officials said. Ghana, which exports cocoa and gold, began commercial production of oil from its flagship Jubilee reserves in late 2010. Other firms drilling in the West African country include UK’s Tullow oil and Kosmos Energy. The Exxon Mobil deal is the first to be signed after the International Tribunal for the Law of the Sea last September drew an ocean boundary...
(Xinhuanet 11/17/17)
Sino-African relations have entered a new development stage of win-win cooperation, according to the fifth Biennial Conference of China-Africa Industrial Forum (CAIF) that opened here Thursday. Supporting Africa's industrialization and capacity cooperation are of vital importance in the next five years and Sino-African trade is likely to total 180 billion U.S. dollars in 2017, said CAIF secretary general Cheng Zhigang in the opening speech. Sino-African economic and trade cooperation has great potential, said Cheng. China has been Africa's largest trading...
(Reuters (Eng) 11/14/17)
ACCRA (Reuters) - Ghana has opened talks with Exxon Mobil Corp to allow the U.S. oil firm to undertake deepwater exploration off its coast, a deputy energy minister said on Monday. “The negotiations are ongoing according to our current laws ... so far so good,” Mohamed Amin Adam told Reuters on the sidelines of an Africa oil conference in Accra. Adam said the government had opted for direct negotiation with Exxon Mobil without open competitive tendering due to the peculiar...
(Reuters (Eng) 11/14/17)
KIGALI (Reuters) - The global airline industry has $1.2 billion blocked in nine dollar-strapped African countries, the International Air Transport Association (IATA) said on Monday. The global commodities price crash that began in 2014 hit economies across Africa hard, particularly big resource exporters such as Angola and Nigeria. Low oil and mineral prices have reduced government revenue and caused chronic dollar shortages and immense pressure on local currencies. The fiscal slump has meant governments have not allowed foreign airlines to...
(Reuters (Eng) 10/31/17)
HARARE (Reuters) - Economic growth is expected to rise to 3.4 percent in sub-Saharan Africa next year from 2.6 percent in 2017, the IMF said in a report on Monday, but warned that rising debt and political risks in larger economies would weigh down future growth. Nigeria and South African are the biggest economies in Africa south of the Sahara, but both nations have been clouded by political uncertainty linked to the tenure of their leaders. The IMF said a...
(AFP (eng) 10/24/17)
The 15-nation West African bloc ECOWAS told regional leaders Tuesday that the goal of establishing a single currency among their economies in 2020 had failed. "The roadmap has not been implemented vigorously," Marcel de Souza, president of the ECOWAS Commission, told a summit in Niamey, the capital of Niger. "We cannot move to the single currency in 2020," he said.
(AFP (eng) 10/18/17)
Rent-a-room giant Airbnb said Tuesday that it had provided accommodation for 1.2 million visitors to Africa over the last year -- double the previous year as tourism expands across the continent. The website now offers more than 100,000 accommodation options in Africa, global public affairs director Chris Lehane said on a visit to Johannesburg. "It's an incredibly rich and diverse continent, an incredibly dynamic place, certainly a big part of our future," Lehane told AFP. Airbnb was founded in 2008...
(APA 10/16/17)
APA-Dakar (Senegal) - The president of the African Development Bank, Akinwumi Adesina, will deliver the Norman Borlaug Lecture on Monday 16 October as part of the World Food Prize events taking place from October 16 to 20, 2017 in Des Moines, Iowa, USA. The Norman Borlaug Lecture under the title: “Betting on Africa to Feed the World”, will be held on World Food Day, October 16, in conjunction with the annual World Food Prize celebration. AfDB President Adesina will receive...
(AFP (eng) 10/10/17)
Economic growth in sub-Saharan Africa is set to accelerate to 3.4 percent next year, the International Monetary Fund said Tuesday, citing Nigeria's recovering oil and agricultural sectors. The IMF said in its latest World Economic Outlook report that the region would grow by 2.6 percent this year after 1.4 percent in 2016. "Growth is expected to rise gradually," it said, while noting that the rate would be uneven and "barely above population growth". GDP in the west African powerhouse Nigeria...
(Reuters (Eng) 10/05/17)
NAIROBI (Reuters) - Hilton Worldwide Holdings Inc. (HLT.N) plans to spend $50 million over the next five years to add 100 hotels to its chain in Africa, it said on Thursday, joining other chains keen to tap growing business and international travel on the continent. One property will open in the Kenyan capital Nairobi by the end of this year and another in the Rwandan capital Kigali in 2018, it said in a statement. There was 11 percent growth in...
(Bloomberg 10/04/17)
Ghana’s banks face a daunting race to meet new capital rules by the end of next year. Lenders will need to raise 9 billion cedis ($2 billion), which the local equity and debt market is too small to supply, according to George Bodo, the head of banking research at Ecobank Capital Ltd. in Nairobi, Kenya. While it may trigger mergers and acquisitions among the West African nation’s 34 banks, many will struggle to meet the requirement or complete deals on...
(AFP (eng) 09/29/17)
Government shutdowns of the internet have cost sub-Saharan Africa about $237 million since 2015, according to a study released Friday, as authorities increasingly implement planned disruptions. At least 12 countries have had internet shutdowns, often before elections or when protests erupt, with mobile internet networks most recently suspended in Togo during opposition demonstrations. "Internet disruptions, however short-lived, undermine economic growth, disrupt the delivery of critical services, erode business confidence, and raise a country’s risk profile," the CIPESA report said. The Collaboration on International ICT Policy for East and Southern Africa (CIPESA) released its...
(Bloomberg 09/28/17)
Ivory Coast President Alassane Ouattara will propose to his counterpart in Ghana that the two neighboring countries and world’s biggest cocoa producers narrow a gap in producer prices to discourage smuggling of beans, according to a person familiar with the matter. Ouattara will call Ghanaian President Nana Akufo-Addo on Thursday before Ivory Coast announces a new minimum price for cocoa purchases on Oct. 1, said the person, who asked not to be identified because he’s not authorized to speak about...
(Citifmonline 09/28/17)
Ghana’s economy recorded strong growth in the second quarter of this year, much higher than the previous quarter. New figures recorded by the Ghana Statistical Service reveal that Ghana grew by 9.0 percent as compared to the same period last year which had a growth of 1.1 percent. Industry led the growth followed by the services sector. The growth recorded in 2017 second quarter is an astronomical jump from the figure recorded in the first quarter this year. In the...
(Citifmonline 09/28/17)
Energy Minister Boakye Agyarko has stated that government will reduce electricity tariff in the national budget which will be presented before parliament in November this year. Mr. Agyarko explained that government could not reduce the tariff in this year’s budget due to moves to stabilize power supply in the country. Speaking at a conference in Accra, Mr. Agyarko assured that government is working to input the tariff reduction in the budget to bring relief to businesses and domestic uses. “On...
(Myjoyonline 09/27/17)
The total value of goods and services produced in the country ending June this year witnessed its biggest growth in a long while. Figures released by the Ghana Statistical Service put the year -on- year growth at 9 percent. This is the biggest increase in GDP growth based on figures published by the Statistical Service over the last two years. The Statistical Service attributes the expansion to some significant growth in the mining and quarrying sector, oil and gas production,...
(Reuters (Eng) 09/27/17)
Ghana’s gross domestic product (GDP) growth was 9.0 percent in the second quarter of 2017 compared to 6.6 percent in the previous three months, the statistics office said on Wednesday. For years, Ghana’s economy grew at around 8 percent per year, but it slowed sharply in 2014 due to lower prices for its commodity exports and a fiscal crisis that forced the government to sign a $918 million credit programme with the International Monetary Fund. The growth figure is subject...
(Mining Weekly 09/27/17)
Aim-listed Goldstone Resources is raising £1.5-million to advance the development of its Homase-Akrokerri project, in Ghana. The funds will be raised by way of a subscription for 100-million new ordinary shares at 1.5p a share with new and existing shareholders. The subscription shares will represent about 40.17% of the company's enlarged issued share capital. Private contract miner BCM Investment (BCM) is subscribing for 50-million of the subscription shares, representing about 20.08% of the company's issued share capital. “We are delighted...
(Dw-World 09/27/17)
After an international maritime court backed Ghana in a dispute with Ivory Coast over claims to oil fields in the Gulf of Guinea, Ghanaians hope they will profit from the country's oil wealth. Isaac Kaledzi reports. Ghana and neighboring Ivory Coast have been arguing over who owns which oil field in the Gulf of Guinea for years. On Saturday, the Hamburg-based International Tribunal for the Law of the Sea (ITLOS) ruled Ghana did not violate maritime borders by conducting oil...

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(AFP (eng) 01/22/18)
Some of the girls wear hijabs, others are barefoot and the sandy pitch is marked out in charcoal. But the 14 players could be Ghana's rugby stars of the future. One of them, Maimuna Dawda, used to watch matches on television before she got the chance to hold the oval ball for herself in 2016. Now, the 14-year-old plays three games of short-format seven-a-side every week at the Kanda Cluster of Schools that she attends in the capital, Accra. In places like Ghana, where society is still overwhelmingly male-dominated and gender roles remain traditionally assigned, rugby -- where it's played -- is seen as a man's game. But Dawda wants to prove otherwise and represent...
(AFP (eng) 10/13/17)
Forward Eric Ayiah scored twice as Ghana crushed India 4-0 to knock the hosts out of the Under-17 FIFA World Cup in New Delhi on Thursday. Ayiah scored a goal in each half -- in the 43rd and 52nd minute -- to lead the two-time champions into the last-16 stage of the 24-nation event. After Aiyah's dominating show, strikers Richard Danso and Emmanuel Toku piled on the agony for the hosts with goals in the 86th and the 87th minute. Ghana enjoyed 60 percent posession in the game as inexperienced India, playing their first-ever FIFA World Cup in any division, could hardly breach their defence. It was India's third straight defeat in the first round. They lost to the United...
(Zambia Reports 09/29/17)
The Chipolopolo boys will set up base in Ghana ahead of the crucial Russia 2018 FIFA World Cup against Nigeria. According to the itinerary availed to Fazfootball.com, the local player players summoned for duty will leave for Ghana on Sunday and set up base in Accra where foreign based players will join from. On Wednesday the team will head to Nigeria ahead of Saturday’s showdown in Uyo where the match will be staged at the God’s Will Akpabio Stadium. Nigeria...
(Ghana Web 09/25/17)
Ghana are favourites to host the 2018 Championship of African Nations (CHAN) following the successful hosting of the 2017 WAFU Nations Cup, GHANAsoccernet.com understands. The four-time African champions are likely to be handed the opportunity after Kenya were stripped of the right due to political unrest and lack of facilities. The decision to strip the East African country of the right to host the continental championship has led to odds being issued on who could replace them. There has been...
(Ghana Web 09/20/17)
President of UD Las Palmas Miguel Angel Ramirez is ready to welcome Ghana forward Kevin-Prince Boateng back into the club's fold. The 30-year-old rescinded his contract with the Gran Canaria based club and joined German Bundesliga outfit Eintracht Frankfurt. The former AC Milan attacker cited family reasons for his untimely departure and vowed to one day return to the club. The 15-time capped Ghana international's sentiments has been echoed by the club's president. "He gave it all to us, and...
(APA 09/15/17)
The Black Stars of Ghana are currently occupying 52nd position in the FIFA World ranking released for the month of September, APA learns here on Friday. The current position is the worst ever since Ghana entered the global ranking. After the 2006 World Cup tourney in Germany, Ghana was ranked 20th in the world, the best for the country. After slumming to the 50th position in August, Ghana has dipped further down, owing to poor performance of the Black Stars...
(BBC News Africa 09/13/17)
Ivory Coast and Benin were the last two teams to qualify for the group stage of the 2017 WAFU Cup of Nations in Ghana. The Ivorians progressed in the West African regional championship with a penalty shoot-out win over Togo after the goalless draw on Tuesday. Benin were 2-0 winners over Cape Verde in the final qualifier. The two winners join Senegal and Niger in Group B of the tournament, while hosts Ghana, Nigeria, Guinea and Mali will contest the...
(Reuters (Eng) 09/12/17)
Olympic boxing’s governing body, AIBA, has banned African confederation head Kelani Bayor for three years for allegedly provoking the crowd at the continental championships in Brazzaville last June. Bayor is an AIBA vice-president and executive committee member as well as chairman of Togo’s national Olympic committee. “The Disciplinary Commission found that a hostile and threatening reaction to AIBA officials by spectators after the result of a bout on the last day of the competition was exacerbated by comments from Mr...
(APA 09/11/17)
A 98th minute penalty strike from Vincent Atinga of Ghana was enough to beat their Gambian counterparts 1-0 in the opening game of the West African Football Union (WAFU) tournament in Cape Coast on Saturday afternoon. The victory ensures Ghana progresses to the group stage of the competition, which has assembled all the local football national teams in West Africa in Ghana. The game saw The Gambia defending well from the beginning, and the young Gambians frustrated the Ghanaians. The...
(Ghana Web 09/11/17)
Ghana captain Asamoah Gyan is beginning to think of when he will finally say good bye to the national team and there are reports that it could be after the 2019 Africa Cup of Nations. The 31-year-old is the longest serving player in Ghana’s national team having been with the team for the last fourteen years. However it is very clear that his influence and impact in the team is dwindling after another unimpressive performance against Congo in Kumasi and...
(Ghana Web 09/06/17)
Black Stars skipper Asamoah Gyan has admitted that his absence from the Ghana side that lashed Congo 5-1 in the 2018 World Cup qualifier played a key role in aiding the side to record the massive score line. A hat trick from Thomas Partey and a brace from Boakye-Yiadom gave Ghana a comprehensive win over the Red Devils despite the absence of Gyan and the Ayew brothers – Andre and Jordan. Many have argued that the absence of these players...
(Business Ghana 09/05/17)
Ghana's slim chances of a fourth consecutive World Cup appearance have suffered a further blow after four players pulled out of Tuesday's 2018 qualifier against Congo. This is a massive setback after the sides drew the first game 1-1 in Kumasi on the weekend, knocking Ghana's already slim chances of topping the group and qualifying for Russia. Captain Asamoah Gyan and defender Harrison Afful will travel with the rest of the squad to Brazzaville, but will not take part in...
(AFP (eng) 09/05/17)
Atletico Madrid midfielder Thomas Partey scored a hat-trick as Ghana hammered Congo 5-1 in Brazzaville Tuesday to keep alive their slim 2018 World Cup qualification hopes. Serbia-based Richmond Boakye bagged a brace as the Black Stars achieved their biggest away winning margin in an eliminator since a 4-0 triumph over Cape Verde 12 years ago. Vladis-Emmerson Illoy-Ayyet scored for Congo, who entered the Group E match at Stade Kintele confident of success after holding Ghana 1-1 in Kumasi last Friday.
(Myjoyonline 08/31/17)
Twenty-five players have been selected into the Black Stars 'B' team to begin camping on Thursday August 31 in Takoradi. The Black Stars 'B' are set to commence preparations for the upcoming WAFU tournament to be hosted by Ghana in September. Ghana will face Gambia in the preliminary round of the competition on September 9 with the winner advancing to the group stage. The tournament will be staged at the new Cape Coast Stadium from September 9-24. The squad will...
(Ghana Web 08/30/17)
Ghana has a faint hope of qualifying for the 2018 World Cup, and according to deputy sports minister Pius Enam Hazide, the previous NDC government must be held responsible for the current state of affairs. The Black Stars are five points adrift of group leaders Egypt and three behind Uganda, who play in Kampala on Thursday, leaving Ghana’s hopes of reaching the finals in Russia in 2018 in serious jeopardy. The NDC government supervised Ghana’s two group games in 2016...
(Ghana Web 08/29/17)
Turkey-based midfielder Emmanuel Agyemang-Badu has fired a disguised angry salvo at Ghana coach Kwesi Appiah for 'retiring' him from the Black Stars. The Bursaspor player seems to have heavily criticised Appiah's decision to exclude him from the national team, telling the Black Stars coach: 'you can't retire the King'. In his defiant posting on social media, Badu seems to conclude that Appiah's decision to drop him since taking over implies that he has been forced into international retirement. Timed to...
(Graphic Online 08/28/17)
Having failed to hit the back of the net in the opening two league games against Southampton and Manchester United, Swansea followed up their midweek four-goal cup victory at MK Dons with a 2-0 win at Crystal Palace. Jordan Ayew scored his first Premier League goal and made it 2-0 for the Swans after Tammy Abrahams had opened the scoring. The Ghanaian striker beat Wayne Hennessey with a low finish late in the second half after pouncing on a mistake...
(Ghana Web 08/24/17)
There was no official from the Ghana Football Association present at the inauguration the of the Kwasi Appiah Foundation that was held at the Accra City Hotel on Thursday. Information gathered by ghancrusader.com indicated that, the FA officials were involved in a crunch meeting at their secretariat which made it virtually impossible for them to attend the event. The Kwasi Appiah Foundation which was established in May seeks to help in the development of retired sports personalities through financial assistance,...
(APA 08/23/17)
Ghana’s resurrecting Kumasi Asante Kotoko Football Club will on Wednesday afternoon travel to the 'Lion's Den' to play WAFA in their 24 week outstanding premier league at Sogakope in the Volta Region of Ghana. Kotoko, go into the game after securing a 2-1 win against second tier side Nea Salamina in their FA Cup outstanding game last week, and are bent on continuing their winning streak. The team suffered a tragic accident in July and were excused from competitive football...
(Ghana Web 08/22/17)
Owner of Elmina Sharks and renowned politician, Dr. Papa Kwesi Ndoum, says the Ghana Football Association (GFA) must start promoting the league in order to attract sponsors. According to the business magnate, the Ghana FA must stop the concentration on the Black Stars and start promoting the domestic top-flight championship. “The Ghana Football Association doesn’t promote the league, the monies that they get from FIFA they must use it to promote the league,” Dr. Ndoum said on Asempa FM. “It...

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(APA 09/25/17)
The settlement of the sea-boundary dispute between Ghana and Ivory Coast dominates the headlines of Ghanaian newspapers on Monday. The Daily Graphic, The B&FT and others dedicated their front pages to the dispute in which Ghana emerged victorious. The three-year dispute had to be settled by the Special Chamber of the International Tribunal for the Law of the Sea (ITLOS) through a unanimous decision. The court rejected all the claims put up by Ivory Coast and upheld that Ghana did not breach any international laws as well as disobeyed the court's order not to further drill oil wells in the disputed sea area. The tribunal generated a new boundary which will work in the interest...
(APA 09/15/17)
The Ghanaian press focuses on public sector workers unions outrage over second tier pension scheme funds transfer delays on Friday. The Daily Graphic states "Public Sector Workers Angry" and that the Forum of Public Sector Registered Pension Scheme has given the government up to September 29 this year to transfer funds belonging to its members from the Temporary Pension Fund Account Fund (TPAF) lodged with the Bank of Ghana (BoG) to the designated schemes or face strike action. It said anything short of this would compel the group to embark on industrial action beginning from September 29. The Chairman of the forum, Mr. Isaac Bampoe Addo, told a news conference that the group was frustrated and disappointed at the manner...
(Xinhuanet 09/13/17)
In an effort to promote economic development and solve complex conservation challenges facing world heritage sites, the African World Heritage Fund Patron and former President of Namibia Hifikepunye Pohamba will host a business leader's breakfast event in Namibian Capital, Windhoek on Thursday. The African World Heritage Fund is an initiative of the African Member States of the African Union and UNESCO, launched in 2006. Webber Ndoro, executive director of the African World Heritage Fund, at a media briefing on Tuesday...
(Ghana Web 09/11/17)
Anita Erskine has shared an extensive post talking about the ‘fragile’ side of popular radio and tv personality Valentina Agyeiwaa also known as Afia Schwarzenegger which most social media users have not had the privilege to observe. Award-winning women’s advocate, Anita Erskine has added her voice to celebrities seeking justice for fellow TV personality and actress, Afia Schwarzenegger, whose scandalous sexual video, allegedly recorded by her ex-husband, Lawrence Abrokwa for cheating went viral across all media platforms across the country...
(Citifmonline 09/07/17)
To the sound of roaring cheers and applause at the Labadi Beach Hotel, a 23 year-old graduate’s childhood dream came true when she was crowned Miss Universe Ghana 2017 at the pageant’s hugely anticipated grand finale. Ruth Quashie, a Business Administration graduate who hails from the Central Region eclipsed 120 young women from across Ghana with her ‘confidence, attentiveness and beauty’ to win the coveted title last Saturday (2nd September). Awarded to her in front of high profile guests and...
(Ghana Web 09/06/17)
It would seem that there is some truth in earlier reports that TV show host and comedienne, Afia Schwarzenegger was kicked out of her marital home by her husband after he reportedly caught her in bed with another man. YEN.com.gh earlier reported that a source close to the controversial celebrity had told Ghanaian celebrity gossip website, GhanaCelebrities.com of the development. However, barely days after the report went out, Afia Schwarzenegger took to social media to threaten to bring up a...
(APA 09/06/17)
The Ghanaian press on Wednesday focuses on heavy debts saddling the private sector following protracted power crisis and the frustration of parents over admission to Senior High Schools. The Business and Financial Times (B&FT) states that the delay in the payments to companies for finished government projects and almost a decade of power crisis in the country are responsible for high indebtedness of the private sector to banks. The newspaper quotes a Bank of Ghana (BoG) Industry Report for June...
(Ghana Web 09/05/17)
Comedian Funny Face, known in private life as Nana Yaw Oduro Boateng has incurred the wrath of many after subjecting his wife, Elizabeth Adjoa Ntim to public ridicule. One of such is controversial marriage counselor, George Lutterodt who described the comedian as “a stupid boy”. Funny Face broke up with his wife in 2016, ending what he said was two torturous years of marriage. He blamed himself for the outcome of the marriage, alleging his wife slept with some of...
(APA 09/04/17)
The introduction of paperless processes at the ports in Ghana and the demolition exercise dominate the headlines of Ghanaian press on Monday. The Daily Graphic states that the Ghana Port's programme to avoid paper transactions in goods clearance and other port services would be piloted in full on Monday. The newspaper says the system although introduced last Friday was not fully tested because it was a public holiday and added that during the weekend, two requests were received and attended...
(Ghana Web 08/29/17)
Musician and dancer Akosua Adjepong, after three decades, is still nursing a bitter dancing ‘beef’ with Reggie Rockstone. She still has scores to settle with the hiplife artiste who beat her at the Black Caesar Competition in 1983 in Osu, Accra. The ‘Frema’ hit singer is calling for a rematch with Reggie Rockstone because she believes that she was cheated on the day of the competition. Advertisement Reggie Rockstone emerged winner of that competition, Adjetey Sowah came second and Akosua...
(Ghana Web 08/22/17)
Prosperity Gospel Award winner Nayaah is back to steal the ears, hearts of her fans. Catching the attention of most of her hearers from the tender age of ten, Nayaah is set to lift spirits from earth to suspend listeners into the realm of glory during worship. She is yet to release her latest single on September 8, 2017 titled, "You are the Pillar". In Nayaah's life, she has proved more purpose and continuity despite the many challenges she has...
(APA 08/22/17)
The fear of bank depositing public in the face of two collapsed giant banks and others on Tuesday catches the attention of the press in Accra. The Business Week newspaper discusses the aftermath of the takeover of the GCB Bank of two prominent Ghanaian Banks, GT Bank and UT Bank for failure to meet Bank of Ghana's stipulated reserves. The paper states that due to the compulsory takeover of the two banks, depositors have started to worry because they do...
(Ghana Web 08/18/17)
Award-winning songwriter, Martin King Arthur, known in the music scene as Kofi Kinaata, has disclosed that he is hoping for the opportunity to have collaboration with renowned Ghanaian dancehall artiste, Stonebwoy. He disclosed that he sees Stonebwoy as a dancehall artiste with a vision and a good track record, hence his decision to do feature him in one of his upcoming songs. Speaking on Hitz FM in Accra, Kofi Kinaata stated that he is currently looking up to Stonebwoy to...
(AFP (eng) 08/10/17)
The skull of an infant ape buried by a volcano 13 million years ago has preserved intriguing clues about the ancestor humans shared with apes -- including a likely African origin, scientists said Wednesday. A previously-unknown creature that shared an extended family with the human forefather, had a flat face like that of our far-flung cousin the gibbon, but did not move like one, its discoverers wrote in the journal Nature. They named it Nyanzapithecus alesi after "ales" -- the...
(APA 08/03/17)
The move by Ghana's Auditor-General (A-G) to prosecute some corrupt public officials dominates the headlines of Ghanaian newspapers on Thursday. The Daily Graphic says, "A-G goes wild, chases looters of public funds", adding that the Audit Service of Ghana has made a commitment to chase after people who have stolen public funds. The Ghanaian Times and the Heritage state that the A-G has announced it would be chasing 11 public officials, who have looted public funds. The A-G, Mr. Daniel...
(Ghana Web 08/01/17)
One of Ghana’s lawmakers, Frimpong Yaw Addo, has challenged movie makers based in Kumasi (Kumawood) to reinvent themselves to suit the current trend, rather than continuing with the duel on storylines that are most a time “outdated”. Hon. Yaw Addo, who serves as the Member of Parliament (MP) for Manso-Adubia constituency in the Ashanti Region, believes producers of Kumawood movies are yet to embrace modernisation – yen.com.gh reports! In his view, the local movie industry will only grow when film...
(Ghana Web 07/28/17)
The government of Ghana has laid down plans to build an ultra-modern music recording studio for musicians in the country, Citi Showbiz has learnt. According to the President of the Creative Arts Council, Mark Okraku Mantey, the government is concerned about the low quality of music production in the country, hence the decision to set up a studio that meets international standards. “The government will set up an ultra-modern music studio so that after individual producers have done the basic...
(Ghana Web 07/20/17)
The former British High Commissioner to Ghana, Jon Benjamin is known for possibly being the most socially interactive diplomat the country has ever had. He has been the face of trolls, sharp and sometimes heated debates with Ghanaian, given his very vocal opinions on the issues in Ghana. While some have called him out for being too ‘nosy’ when it comes to Ghanaian issues, others have been impressed with his dedication to being as open, opinionated and interactive with Ghanaians...
(Ghana Web 07/18/17)
Nana Tonardo, a friend of Deloris Frimpong-Manso and a star of Delays’ Afia Schwarzenegger TV series has stated that Delay jumps from one hotel to another seeking for white men. Deloris Frimpong-Manso and Nana Tonardo’s friendship has come to an end–following a message Delay posted on Instagram, claiming she takes nobodies like Tornado and turn them into somebodies. Tonardo who is an actor on Delay’s Afia Schwarzenegger TV Series has thrown shots at Delay, rubbishing Delay’s claims and going on...
(Ghana Web 07/17/17)
After starring in Delay’s ‘Afia Schwarzenegger’ TV Series for 6 years, Nana Tornado has called it quits labelling the producer, fake, disloyal and a cheat. According to the actor, he was never remunerated despite his hard work in making the show very popular. Although he enjoyed putting smiles on the faces of fans, he regrets dealing with Delay because she has been very ungrateful and annoyingly bossy. Speaking to JDK and Mimi Kay on Radio XYZ, Nana Tornado recounted sending...

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(Bloomberg 10/04/17)
Ghana’s banks face a daunting race to meet new capital rules by the end of next year. Lenders will need to raise 9 billion cedis ($2 billion), which the local equity and debt market is too small to supply, according to George Bodo, the head of banking research at Ecobank Capital Ltd. in Nairobi, Kenya. While it may trigger mergers and acquisitions among the West African nation’s 34 banks, many will struggle to meet the requirement or complete deals on time, he said. Accumulating that kind of capital will top the 1.4 billion cedis that has been raised on the Ghana Stock Exchange through initial public offerings, share and rights offers and debt sales since...
(Bloomberg 09/28/17)
Ivory Coast President Alassane Ouattara will propose to his counterpart in Ghana that the two neighboring countries and world’s biggest cocoa producers narrow a gap in producer prices to discourage smuggling of beans, according to a person familiar with the matter. Ouattara will call Ghanaian President Nana Akufo-Addo on Thursday before Ivory Coast announces a new minimum price for cocoa purchases on Oct. 1, said the person, who asked not to be identified because he’s not authorized to speak about the matter. Ivory Coast is proposing payments of 750 CFA francs ($1.31) per kilogram for its farmers for the bigger of the two annual harvests that starts next month, compared with 1,100 francs for the previous main crop, said the...
(Dw-World 09/27/17)
After an international maritime court backed Ghana in a dispute with Ivory Coast over claims to oil fields in the Gulf of Guinea, Ghanaians hope they will profit from the country's oil wealth. Isaac Kaledzi reports. Ghana and neighboring Ivory Coast have been arguing over who owns which oil field in the Gulf of Guinea for years. On Saturday, the Hamburg-based International Tribunal for the Law of the Sea (ITLOS) ruled Ghana did not violate maritime borders by conducting oil...
(Bloomberg 09/27/17)
Studio 189, a label founded by actress Rosario Dawson and fashion executive Abrima Erwiah, is reinvesting in its African roots. It’s hard enough to build a fashion brand, let alone an empire. Rare is the person who makes a mission of using fashion to build communities. Such is the case with Studio 189, a label founded by longtime friends Abrima Erwiah (formerly a marketing executive at Bottega Veneta) and Rosario Dawson (an enduring star most recently seen in Netflix’s Marvel...
(Bloomberg 09/26/17)
Ghana’s central bank kept its key lending rate at the lowest since 2015 after inflation accelerated for the first time in four months. The Bank of Ghana left the rate at 21 percent, Governor Ernest Addison told reporters Monday in the capital, Accra. Two of seven economists in a Bloomberg survey predicted the hold, while the rest forecast cuts ranging from 50 to 100 basis points. The central bank of West Africa’s biggest economy after Nigeria’s had reduced the key...
(Voice of America 09/25/17)
African first ladies and activists hailed progress that some governments on the continent are making on gender equality. They met on the sidelines of the United Nations General Assembly in New York. “We used to have 23 percent female representation in parliament but, with the stroke of a pen it went up to 48 percent. So, we managed to double our female representation with that decision,” said Namibia’s first lady Monica Geingos at a roundtable invitation-only event co-hosted by the...
(Bloomberg 09/23/17)
Ghana’s cocoa regulator said the nation’s security forces will clamp down on the smuggling of beans as a disparity in producer prices are encouraging illegal trade with neighboring Ivory Coast. The world’s second-biggest cocoa producer is trying to stop smuggling from Ivory Coast, where the chocolate ingredient cost a quarter less than in Ghana. The influx of beans will weigh on Ghana’s ability to maintain the level of farmer payments even as an oversupply of cocoa is weighing on international prices. Because “there’s no border wall between us, it is likely that some cocoa will trickle in,” Ghana Cocoa Board
(Bloomberg 09/20/17)
Ghana’s cocoa board pays $27 more for a bag of beans than it’s worth in Ivory Coast. Illicit traders are profiting from the difference. Much of Jamilatu Mohammed’s harvest of cocoa beans is sitting in a storage shed near her dilapidated mud house along Ghana’s western border when it should be on its way to factories of chocolatiers like Nestle SA. The mother of two and other small growers in the world’s no. 2 producer represent the casualties in a...
(The Guardian 09/18/17)
Anna Jones says that, through selling its cocoa cheaply, Africa is exporting its wealth overseas; while Sue Banford claims that the soya moratorium in the Amazon has done nothing to halt deforestation. Only the final paragraph in your article on cocoa farming causing deforestation in Ivory Coast (Forests pay price for world’s taste for cocoa, 14 September) mentioned the most fundamental thing – the farmer’s livelihood, or lack of it. The low value of his (or more likely her) crop...
(Bloomberg 09/15/17)
Societe Generale SA, challenged on its home turf by Orange SA’s push into banking, is fighting back with a new mobile lender in Africa. The French lender started YUP, a new app for smartphones, in Senegal and Ivory Coast and plans to begin operating in four other sub-Saharan countries this year and next, the company said on Thursday. The bank aims to double its client base to 2 million in the region within three years. “Telcos have opened the way...
(BBC News Africa 09/13/17)
Ivory Coast and Benin were the last two teams to qualify for the group stage of the 2017 WAFU Cup of Nations in Ghana. The Ivorians progressed in the West African regional championship with a penalty shoot-out win over Togo after the goalless draw on Tuesday. Benin were 2-0 winners over Cape Verde in the final qualifier. The two winners join Senegal and Niger in Group B of the tournament, while hosts Ghana, Nigeria, Guinea and Mali will contest the...
(Bloomberg 09/11/17)
The South African companies that dominate the U.K.’s growing private hospital industry are counting on more people like Katie Corrie. A children’s party entertainer, Corrie opted to use 13,000 pounds ($17,000) of her savings and inheritance to get a hip replacement rather than spend months on a National Health Service waiting list. Britons like her are forking out almost 1 billion pounds a year to cover their own medical expenses, a trend that’s giving at least one industry the scope...
(Bloomberg 09/07/17)
African Rainbow Minerals Ltd., the miner chaired by South Africa’s richest black businessman, will pay a record dividend this year as rising iron-ore and manganese prices boosted earnings at its ferrous unit. ARM will pay investors 6.50 rand a share, almost triple that of the previous year, and its 11th consecutive dividend, the Johannesburg-based company said in a statement Thursday. The company benefited from a 45 percent increase in prices received for exported iron ore and 93 percent more for...
(AFP (eng) 09/05/17)
Atletico Madrid midfielder Thomas Partey scored a hat-trick as Ghana hammered Congo 5-1 in Brazzaville Tuesday to keep alive their slim 2018 World Cup qualification hopes. Serbia-based Richmond Boakye bagged a brace as the Black Stars achieved their biggest away winning margin in an eliminator since a 4-0 triumph over Cape Verde 12 years ago. Vladis-Emmerson Illoy-Ayyet scored for Congo, who entered the Group E match at Stade Kintele confident of success after holding Ghana 1-1 in Kumasi last Friday.
(Bloomberg 09/05/17)
A surge in agriculture has helped lift Africa’s biggest economies out of their slumps, but the recovery may be weak. Gross domestic product in Nigeria, the continent’s largest crude producer, advanced for the first time in six quarters in the three months ended June from a year earlier, growing 0.55 percent, the statistics agency said. In South Africa, GDP expanded 2.5 percent from the previous quarter, ending the second recession in almost a decade. Both economies had agriculture largely to...
(Bloomberg 09/04/17)
The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter. Official data on Tuesday will probably show South Africa’s economy expanded in the three months through June, ending its second recession in less than a decade. Nigeria’s gross domestic product probably grew from a year earlier, and came out of its worst slump in a quarter of a century. South Africa and Nigeria together account for almost half of...
(Bloomberg 08/31/17)
The International Monetary Fund has approved a one-year extension of Ghana’s $918 million credit-facility program after a review of the nation’s progress on monetary and fiscal reforms. The extension will give the West African nation more time to achieve targets such as narrowing the budget shortfall. The IMF approved a payment of $94.2 million to Ghana, bringing total disbursements to $565.2 million, according to an emailed statement from Washington on Wednesday. The rest of the installments from the loan program...
(Bloomberg 08/30/17)
One Thousand & One Voices LLC, a private-equity fund started by the great-grandson of the founder of Coors Brewing Co., said it bought a producer of sushi-quality trout that is the largest such facility in Africa. SanLei’s operations are on the Katse Dam in Lesotho, an enclave surrounded by South Africa, 1K1V, as the fund is known, said in an emailed statement Tuesday. The company didn’t disclose the value of the transaction. SanLei has secured a marketing and distribution agreement...
(Bloomberg 08/29/17)
Ghana’s President Nana Akufo-Addo is banking on good news from the International Monetary Fund after his predecessor nearly derailed an economic recovery plan through overspending. As the nation awaits the outcome of a review from the Washington-based lender, which may come as soon as Wednesday, on reforms since Ghana entered a $918 million credit program with the lender in 2015, gross domestic product is growing at the fastest pace in more than two years, the central bank is cutting borrowing...
(Bloomberg 08/24/17)
Every African nation that’s sold dollar debt now has at least one junk rating, but it would be hard to tell by looking at the bond market. The average yield on sovereign Eurobonds in Africa has hovered near the lowest level in two years this month, according to a Standard Bank Group Ltd. index, even after Moody’s Investors Service cut Namibia to below investment grade on Aug. 11. The world’s biggest producer of marine diamonds had been the continent’s only...

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