Ghana | Africatime
Tuesday 28 March 2017

Ghana

(Bloomberg 03/28/17)
Ghana’s central bank cut its benchmark interest rate for a second time in four months as the cedi recovered from record lows and inflation slowed to the lowest rate in more than three years. The Bank of Ghana reduced the rate to 23.5 percent from 25.5 percent, Governor Abdul Nashiru Issahaku told reporters Monday in the capital, Accra. That’s the biggest single cut in borrowing costs since February 2010. Four of the seven economists in a Bloomberg survey forecast the rate would be reduced while the remaining respondents said it would be kept unchanged. “Underlying inflation pressures have eased considerably and inflation is projected to trend down towards the medium term target,” Issahaku said. Indications...
(Voice of America 03/28/17)
The World Health Organization and U.N. children's fund are spearheading a massive immunization campaign across Africa to rid the continent of the last vestiges of polio. Tens of thousands of health workers will fan out across 13 central and western African countries to vaccinate more than 116 million children under age five against the crippling disease. The U.N. agencies report more than 190,000 volunteers, traveling on foot or bicycle, will go house to house across all cities, towns, and villages in 13 countries to vaccinate every child under age five against polio. The synchronized vaccination campaign, one of the largest ever conducted in Africa, will run from March 25-28. Director of Polio Eradication at the World Health Organization Michel Zaffran...
(Xinhuanet 03/27/17)
There is need for China and its African allies to kick start a new dialogue aimed at revitalizing wildlife and ecological conservation in the world's second largest continent, a conservationist has told Xinhua in an interview. Kaddu Sebunya, president of African Wildlife Foundation (AWF), told Xinhua that Beijing is an indispensable partner in efforts to protect Africa's iconic wildlife species that are grappling with human and climatic induced threats to their survival. "China is playing a big role in Africa's...
(Bloomberg 03/24/17)
Ghana’s central bank may have space to cut its benchmark interest rate for a second time in four months as the cedi started to recover from record lows and inflation slowed to the lowest rate in more than four years. Governor Abdul Nashiru Issahaku has enough room to cut the West African nation’s main rate by as much as 100 basis points, according to Courage Kingsley Martey, an Accra-based economist at Databank Group. Two of the four economists in a...
(Ghana Web 03/24/17)
Net debt owed banks and fuel suppliers alone under the energy sector debt hit 1.2 billion cedis at the end of 2016. According to documents cited by Citi Business News as at 31st December, 2016 Government’s net debt in the Energy sector was 2.3 billion dollars. A breakdown of the debt shows that the banks are owed 782 million dollars, while fuel suppliers are owed 440 million dollars. The 782 million is debt owed the banks by state owned power...
(Bloomberg 03/24/17)
After overseeing sub-Saharan Africa’s fastest-growing economy and six years of relative peace, Ivory Coast President Alassane Ouattara is in the midst of a year from hell. First soldiers staged a mutiny, then public workers went on strike and now cocoa prices have fallen. All told, the West African nation is facing the worst social unrest since Ouattara, 75, assumed power in 2011. With cocoa prices in London dropping more than 30 percent from July, the government in the world’s top...
(Citifmonline 03/24/17)
Ghana’s unemployment rate stood at 11.9 percent in 2015. This is according to the latest Ghana Labour Force Survey Report by the Ghana Statistical Service. This is about twice the figure recorded in 2012/2013 (5.8%) based on the Statistical services strict definition of unemployment – where “one was not working, actively looking for a job and available for work.” However, the definition has changed for the 2015 studies, was based on a relaxed definition where “one was available for work...
(Ghana Web 03/24/17)
The Chief Executive Officer of Strategic Security Systems International Limited (3SiL) the parent company of Strategic Power Solutions (SPS), the only solar panel manufacturing plant in West Africa, Mr. Ofori Boateng has lauded plans outlined by government in the 2017 budget statement towards the development of renewable energy. Government has initiated plans to increase access to lighting in deprived off-grid homes by increasing solar lanterns in rural non-electrified households to two million. It has also promised to scale up the...
(Myjoyonline 03/24/17)
The Ghana Water Company says chiefs hold the key to ending the destruction of critical water sources through illegal mining activities. As the world marked World Water Day on Wednesday, the destruction of Ghana’s water bodies due to pollution through illegal mining activities fell under the spotlight. The Ghana Water Company revealed that almost every major source of water has either dropped low or is heavily polluted to the point where the company currently uses high quantities of chemicals to...
(Xinhuanet 03/24/17)
A group of non-government organizations (NGOs) on Friday called on African leaders to find practical solutions to protect and assist Somali refugees and asylum seekers facing ongoing conflict and a humanitarian crisis in Somalia. In a joint statement issued on the eve of the regional summit on refugees, members of the Regional Durable Solutions Secretariat (ReDSS), Somalia NGO Consortium and the Inter-agency Working Group (IAWG) expressed hope that the leaders will take practical steps towards the development and implementation of...
(Graphic Online 03/23/17)
President Nana Addo Dankwa Akufo-Addo has announced the establishment of an integrated bauxite and aluminium development authority tasked with mobilising the relevant resources towards the development of an integrated industry right from the extraction of bauxite to the production of aluminium. He said the country had enormous natural resources such as bauxite and iron ore that remained untapped and under-developed. “We have taken the decision that, come what may, we are going to bring those resources into play. The integrated bauxite and aluminium authority will be established in the next three months,” the President announced.
(Bloomberg 03/23/17)
Slumping cocoa prices are testing to the limit top producer Ivory Coast’s efforts to ensure stability for farmers, heightening risks for the domestic economy and world markets. Authorities have warned they’ll have to cut payments to growers. That follows a wave of defaults by local exporters who’d bet on higher prices, costing the government more than $300 million and pushing cocoa futures even lower. The more than 30 percent drop in London benchmark prices from a six-year high in July...
(Graphic Online 03/23/17)
As Ghana joined the international community to mark World Water Day yesterday, the Ghana Water Company Limited (GWCL) and its stakeholders have warned of a possible scarcity of potable water nationwide in the near future if the pollution of water bodies is not addressed Painting a picture of a possible bleak future, the GWCL explained that although all the treatment plants in Ghana drew raw water from the various water bodies, the spate of water pollution was approaching alarming levels...
(AfricaNews 03/23/17)
The mission is part of the department’s week-long trade and investment mission to Ghana and its neighbour, Nigeria. South African business people who participated in a trade and investment mission to Ghana have expressed confidence that they will soon see tangible results from the trip, the department of trade and industry (dti) said on Wednesday. The mission is part of the department’s week-long trade and investment mission to Ghana and its neighbour, Nigeria, which runs until Saturday, March 25. The...
(Graphic Online 03/23/17)
Six vehicles and operational equipment valued at $185,000 have been presented to the Ghana Police Service to help combat child trafficking in the country. The vehicles and equipment that were presented by the International Organisation for Migration (IOM) in Ghana, included three pickup trucks, three buses, computers and accessories and cameras. The items are to be used by the Anti-Human Trafficking Unit of the Ghana Police Service to conduct investigations and rescue operations of trafficked children in the Volta, Central...
(Reuters (Eng) 03/23/17)
N'DJAMENA French far-right presidential candidate Marine Le Pen pledged on Wednesday to break with her country's decades-old relationship with Africa known as "Francafrique" and abolish the CFA franc currency policy that binds Paris and its former colonies. Francafrique describes an informal web of relationships Paris has maintained with its former African colonies and its support, sometimes in the form of military backing, for politicians who favor French business interests. Le Pen, one of the frontrunners in the presidential election, spoke...
(AFP (eng) 03/21/17)
Frank Adansi-Bonnah sat on his bed Monday in the Kintampo Municipal Hospital in central Ghana, his lips covered in bruises and cuts, and his arm in a sling. He was swimming with his friends on Sunday afternoon at the popular tourist destination of Kintampo Falls, when a massive tree crashed into the water, crushing everyone around him. Eighteen students died at the picturesque spot in the Brong-Ahafo region, some 450 kilometres (281 miles) by road from the capital, Accra. Two...
(Graphic Online 03/21/17)
Ghana’s headline inflation eased for the 5th consecutive month as it settled at 13.20 per cent in February 2017. This represents a 0.1 percentage point reduction from January’s figure of 13.30 per cent. The downtrend emanated from lower rate at the non-food component of the CPI as it trimmed 0.2 percentage point as against the food component which added 0.1 percentage point. Inflation at the food and beverages component of the CPI settled at 7.10 per cent whereas the non-food...
(Graphic Online 03/21/17)
The Executive Director of the Kumasi Institute of Technology and Environment (KITE), Mr Ishmael Edjekumhene, has said the current Renewable Energy Act, 2011 needs no amendment. Instead, he said, all the incentive-based provisions in the law should be allowed to work. The law in its current state, he explained, makes provisions for feed-in tariffs, purchase obligation, establishment of renewable energy fund, but as always, implementation of the provisions continues to be a challenge for Ghana. At a national round-table forum...
(Graphic Online 03/21/17)
President Nana Addo Dankwa Akufo-Addo has assured the private sector of the resolve of the government to engage it to transform the ailing economy. He said the government will also depend on the players in the sector to create the needed jobs for the people while creating wealth for all. Using industry and agriculture, the President who sounded optimistic about his plans, said the two sectors had been identified by the government as the two critical sectors of the economy...

Pages

(Voice of America 03/28/17)
The World Health Organization and U.N. children's fund are spearheading a massive immunization campaign across Africa to rid the continent of the last vestiges of polio. Tens of thousands of health workers will fan out across 13 central and western African countries to vaccinate more than 116 million children under age five against the crippling disease. The U.N. agencies report more than 190,000 volunteers, traveling on foot or bicycle, will go house to house across all cities, towns, and villages in 13 countries to vaccinate every child under age five against polio. The synchronized vaccination campaign, one of the largest ever conducted in Africa, will run from March 25-28. Director of Polio Eradication at the...
(Xinhuanet 03/27/17)
There is need for China and its African allies to kick start a new dialogue aimed at revitalizing wildlife and ecological conservation in the world's second largest continent, a conservationist has told Xinhua in an interview. Kaddu Sebunya, president of African Wildlife Foundation (AWF), told Xinhua that Beijing is an indispensable partner in efforts to protect Africa's iconic wildlife species that are grappling with human and climatic induced threats to their survival. "China is playing a big role in Africa's economic development and would like to see it direct more support towards protection of wildlife and vital ecosystems in the continent," Sebunya said. Sebunya noted that China's growing economic and diplomat clout place it at a vantage position to help...
(Xinhuanet 03/24/17)
A group of non-government organizations (NGOs) on Friday called on African leaders to find practical solutions to protect and assist Somali refugees and asylum seekers facing ongoing conflict and a humanitarian crisis in Somalia. In a joint statement issued on the eve of the regional summit on refugees, members of the Regional Durable Solutions Secretariat (ReDSS), Somalia NGO Consortium and the Inter-agency Working Group (IAWG) expressed hope that the leaders will take practical steps towards the development and implementation of...
(Graphic Online 03/23/17)
As Ghana joined the international community to mark World Water Day yesterday, the Ghana Water Company Limited (GWCL) and its stakeholders have warned of a possible scarcity of potable water nationwide in the near future if the pollution of water bodies is not addressed Painting a picture of a possible bleak future, the GWCL explained that although all the treatment plants in Ghana drew raw water from the various water bodies, the spate of water pollution was approaching alarming levels...
(Graphic Online 03/23/17)
Six vehicles and operational equipment valued at $185,000 have been presented to the Ghana Police Service to help combat child trafficking in the country. The vehicles and equipment that were presented by the International Organisation for Migration (IOM) in Ghana, included three pickup trucks, three buses, computers and accessories and cameras. The items are to be used by the Anti-Human Trafficking Unit of the Ghana Police Service to conduct investigations and rescue operations of trafficked children in the Volta, Central...
(AFP (eng) 03/21/17)
Frank Adansi-Bonnah sat on his bed Monday in the Kintampo Municipal Hospital in central Ghana, his lips covered in bruises and cuts, and his arm in a sling. He was swimming with his friends on Sunday afternoon at the popular tourist destination of Kintampo Falls, when a massive tree crashed into the water, crushing everyone around him. Eighteen students died at the picturesque spot in the Brong-Ahafo region, some 450 kilometres (281 miles) by road from the capital, Accra. Two...
(AFP (eng) 03/21/17)
Under a cloudless sky in South Africa's northwestern farming region, donkeys still amble along muddy paths, pausing to nibble on grass, oblivious to the threat from a demand for Chinese medicine. The gelatin found in the animals' skin has made them a target, leading to a growing wave of donkey slaughtering in several African countries, as gangs seek to fuel a lucrative, and in South Africa illegal, trade. Animal rights groups say the docile beasts of burden are often cruelly...
(The Associated Press 03/20/17)
A large tree fall during a storm at Ghana’s Kintampo Waterfall has killed at least 17 people, mostly students, as they were visiting the site north of the capital on Sunday, officials said Monday. As of Monday, 17 bodies have been retrieved at the resort, about 414 kilometers (257 miles) north of the capital of Accra, Ghana police commander Desmond Owusu-Boampong told local media. Most of the dead are students from the Wenchi Methodist Secondary School and the University of...
(AFP (eng) 03/17/17)
Major chocolate makers, including Ferrero, Nestle and Mars, agreed Thursday a landmark initiative to tackle deforestation in top cocoa producers Ivory Coast and Ghana -- a move hailed by Prince Charles. Twelve cocoa and chocolate companies agreed to "a statement of collective intent" committing them to work to end deforestation and forest degradation in the global cocoa supply chain, with an initial focus on the two west African nations, the industry announced following a London meeting hosted by the British heir to the throne. "The agreement... commits the participating companies to develop and present a joint public-private framework of action to address deforestation" at UN climate talks in November, said a joint
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent...
(Xinhuanet 03/16/17)
China's aid to the education sector in Africa is helping boost teacher training, a key component in skilling the population to fast track development, a UN official has said. Ann Therese Ndong-Jatta, Director of United Nations Educational, Scientific and Cultural Organization (UNESCO) Regional Office for Eastern Africa, in an interview recognized China's contribution to Africa's education sector over the years. "We value the initiative in teacher training in Uganda and other countries in Africa. This will revitalize the teaching profession,"...
(Agence Ecofin 03/14/17)
The Land Policy Initiative (LPI), a joint programme of the tripartite consortium consisting of the African Union Commission (AUC), the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA) has launched a pilot project to track progress in implementing in the AU Declaration on land issues in Africa. This was revealed by the ECA in a press statement dated March 7. In collaboration with the International Food Policy Research Institute (IFPRI), the project will assess progress...
(AFP (eng) 03/10/17)
In the beginning was .com, followed by a host of other .somethings, but on Friday, 32 years after the world's first domain name was registered, the African Union has launched .africa for the continent. Africans who want to register a website will be able to apply for a .africa domain name in the coming months, which outgoing AU commission chair Nkosazana Dlamini-Zuma said would allow the continent's people and businesses to better reach the world. "With .africa, I would say...
(Xinhuanet 03/09/17)
Health authorities in West Africa have set up a regional Center for Disease Control (CDC) in Abuja, Nigeria to deal with pandemics such as Ebola, a senior official of Ghana said on Wednesday. The establishment of the CDC is to ensure that "we are more prepared, in terms of early detection, epidemic surveillance, training of our staff and upgrading their capacity and research, so we can combat diseases of the nature of Ebola," Dr. Xavier Crespin, Director-General of the West...
(Xinhuanet 03/09/17)
A critical mass of trained and well equipped community health workforce is key to easing the rising burden of infectious and noncommunicable diseases in Africa, experts said on Wednesday at a continental forum taking place in Nairobi. The experts, policymakers and campaigners who attended Africa Health Agenda International Conference agreed that optimal engagement of community health workers is key to revolutionize response to diseases ravaging the continent. Kenya's Cabinet Secretary for Health Cleopa Mailu in his opening remarks said that...
(AFP (eng) 03/08/17)
Lawyers and human rights campaigners launched an initiative for African whistleblowers in Senegal on Tuesday, aimed at providing a secure means of exposing wrongdoing on the continent. African nations such as Somalia, South Sudan, Libya and Guinea-Bissau regularly appear at the very bottom of rankings such as Transparency International's Corruption Index, while none make it into the top 30. The Platform for the Protection of Whistleblowers in Africa (PPLAAF) will provide guidance from legal experts, secure submission of information and...
(Xinhuanet 03/06/17)
Ghanaian President Nana Addo Dankwa Akufo-Addo on Sunday presented awards to 60 students who distinguished themselves in last year's Basic Education Certificate Examination (BECE) for junior high school students. This award was instituted in 1993 to commemorate the celebration of Ghana's birth. Every year, two graduates from the BECE are selected from each of the 10 regions for the awards. However 60 students were awarded this year to commemorate Ghana's 60th independence birthday. Among the criteria for selection include academic...
(Reuters (Eng) 02/28/17)
Ghana is embracing the Christian faith with a fervour that is increasingly shaping its national identity. The country is central to a wave that puts West Africa at the heart of global Christianity, said professor Kwabena Asamoah-Gyadu of Trinity Theological Seminary in Accra. More than 70 percent of Ghana's 26 million people are Christian. The statistics understate the fervency of everyday faith. Many attend church on weeknights. All night prayer vigils are common and billboards advertising Christian meetings line the...
(AFP (eng) 02/28/17)
The Ibrahim Prize for Achievement in African Leadership -- the world's biggest individual prize -- drew a blank once again in finding a suitable laureate, it was announced Tuesday. The prize only goes to a democratically-elected African leader who demonstrated exceptional leadership, served their mandated term and left office within the last three years. The award comes with $5 million (4.7 million euros) paid over 10 years and $200,000 annually for life from then on. The prize, founded by Sudan-born...
(Xinhuanet 02/24/17)
Ghana tops the rest of Africa as the most expensive country to live in, Starrfmonline, local news network said here yesterday, citing a survey by an international relocation company. The survey report published by MoveHub, an Independent website, Ghana ranks among 20 other nations the world over considered as the most expensive to reside in. The report said MoveHub based its assessment on a range of costs such as the price of groceries, transport, bills, restaurants and rents. “Ghana is...

Pages

(Bloomberg 03/28/17)
Ghana’s central bank cut its benchmark interest rate for a second time in four months as the cedi recovered from record lows and inflation slowed to the lowest rate in more than three years. The Bank of Ghana reduced the rate to 23.5 percent from 25.5 percent, Governor Abdul Nashiru Issahaku told reporters Monday in the capital, Accra. That’s the biggest single cut in borrowing costs since February 2010. Four of the seven economists in a Bloomberg survey forecast the rate would be reduced while the remaining respondents said it would be kept unchanged. “Underlying inflation pressures have eased considerably and inflation is projected to trend down towards the medium term target,” Issahaku said. Indications...
(Bloomberg 03/24/17)
Ghana’s central bank may have space to cut its benchmark interest rate for a second time in four months as the cedi started to recover from record lows and inflation slowed to the lowest rate in more than four years. Governor Abdul Nashiru Issahaku has enough room to cut the West African nation’s main rate by as much as 100 basis points, according to Courage Kingsley Martey, an Accra-based economist at Databank Group. Two of the four economists in a Bloomberg survey forecast the central bank will reduce the policy rate from 25.5 percent on Monday. The central bank reduced its key rate in November for the first time since May 2011 even as inflation remained outside the central bank’s...
(Ghana Web 03/24/17)
Net debt owed banks and fuel suppliers alone under the energy sector debt hit 1.2 billion cedis at the end of 2016. According to documents cited by Citi Business News as at 31st December, 2016 Government’s net debt in the Energy sector was 2.3 billion dollars. A breakdown of the debt shows that the banks are owed 782 million dollars, while fuel suppliers are owed 440 million dollars. The 782 million is debt owed the banks by state owned power...
(Bloomberg 03/24/17)
After overseeing sub-Saharan Africa’s fastest-growing economy and six years of relative peace, Ivory Coast President Alassane Ouattara is in the midst of a year from hell. First soldiers staged a mutiny, then public workers went on strike and now cocoa prices have fallen. All told, the West African nation is facing the worst social unrest since Ouattara, 75, assumed power in 2011. With cocoa prices in London dropping more than 30 percent from July, the government in the world’s top...
(Citifmonline 03/24/17)
Ghana’s unemployment rate stood at 11.9 percent in 2015. This is according to the latest Ghana Labour Force Survey Report by the Ghana Statistical Service. This is about twice the figure recorded in 2012/2013 (5.8%) based on the Statistical services strict definition of unemployment – where “one was not working, actively looking for a job and available for work.” However, the definition has changed for the 2015 studies, was based on a relaxed definition where “one was available for work...
(Ghana Web 03/24/17)
The Chief Executive Officer of Strategic Security Systems International Limited (3SiL) the parent company of Strategic Power Solutions (SPS), the only solar panel manufacturing plant in West Africa, Mr. Ofori Boateng has lauded plans outlined by government in the 2017 budget statement towards the development of renewable energy. Government has initiated plans to increase access to lighting in deprived off-grid homes by increasing solar lanterns in rural non-electrified households to two million. It has also promised to scale up the...
(Myjoyonline 03/24/17)
The Ghana Water Company says chiefs hold the key to ending the destruction of critical water sources through illegal mining activities. As the world marked World Water Day on Wednesday, the destruction of Ghana’s water bodies due to pollution through illegal mining activities fell under the spotlight. The Ghana Water Company revealed that almost every major source of water has either dropped low or is heavily polluted to the point where the company currently uses high quantities of chemicals to...
(Graphic Online 03/23/17)
President Nana Addo Dankwa Akufo-Addo has announced the establishment of an integrated bauxite and aluminium development authority tasked with mobilising the relevant resources towards the development of an integrated industry right from the extraction of bauxite to the production of aluminium. He said the country had enormous natural resources such as bauxite and iron ore that remained untapped and under-developed. “We have taken the decision that, come what may, we are going to bring those resources into play. The integrated bauxite and aluminium authority will be established in the next three months,” the President announced.
(Bloomberg 03/23/17)
Slumping cocoa prices are testing to the limit top producer Ivory Coast’s efforts to ensure stability for farmers, heightening risks for the domestic economy and world markets. Authorities have warned they’ll have to cut payments to growers. That follows a wave of defaults by local exporters who’d bet on higher prices, costing the government more than $300 million and pushing cocoa futures even lower. The more than 30 percent drop in London benchmark prices from a six-year high in July...
(AfricaNews 03/23/17)
The mission is part of the department’s week-long trade and investment mission to Ghana and its neighbour, Nigeria. South African business people who participated in a trade and investment mission to Ghana have expressed confidence that they will soon see tangible results from the trip, the department of trade and industry (dti) said on Wednesday. The mission is part of the department’s week-long trade and investment mission to Ghana and its neighbour, Nigeria, which runs until Saturday, March 25. The...
(Graphic Online 03/21/17)
Ghana’s headline inflation eased for the 5th consecutive month as it settled at 13.20 per cent in February 2017. This represents a 0.1 percentage point reduction from January’s figure of 13.30 per cent. The downtrend emanated from lower rate at the non-food component of the CPI as it trimmed 0.2 percentage point as against the food component which added 0.1 percentage point. Inflation at the food and beverages component of the CPI settled at 7.10 per cent whereas the non-food...
(Graphic Online 03/21/17)
The Executive Director of the Kumasi Institute of Technology and Environment (KITE), Mr Ishmael Edjekumhene, has said the current Renewable Energy Act, 2011 needs no amendment. Instead, he said, all the incentive-based provisions in the law should be allowed to work. The law in its current state, he explained, makes provisions for feed-in tariffs, purchase obligation, establishment of renewable energy fund, but as always, implementation of the provisions continues to be a challenge for Ghana. At a national round-table forum...
(Graphic Online 03/21/17)
President Nana Addo Dankwa Akufo-Addo has assured the private sector of the resolve of the government to engage it to transform the ailing economy. He said the government will also depend on the players in the sector to create the needed jobs for the people while creating wealth for all. Using industry and agriculture, the President who sounded optimistic about his plans, said the two sectors had been identified by the government as the two critical sectors of the economy...
(Agence Ecofin 03/20/17)
At the Africa CEO Forum which opened this morning in Geneva, AFD Group – in partnership with the European Union – unveiled the “African Renewable Energy Scale-Up facility”, designed to boost private sector investment in on–grid and off-grid renewable energy production in Africa. In order to meet Africa’s constantly increasing energy requirements, support must be provided for mass development of the renewable energy technologies – especially solar energy – that will play such a key role over the coming years,...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get...
(Reuters (Eng) 03/16/17)
Ghana's annual consumer price inflation fell to 13.2 percent in February from 13.3 percent the previous month due to a marginal decline in the price of fuel, the statistics office said on Wednesday. The government of President Nana Akufo-Addo said this month in its first annual budget that it would reduce inflation to 11.2 percent by the end of the year as part of its drive to restore macroeconomic stability. Food inflation rose to an annual 7.1 percent in February...
(Graphic Online 03/15/17)
The government yesterday took a giant step towards giving tax cuts to businesses and reducing the cost of doing business with the presentation of four tax-related bills to Parliament for amendment. The bills are the Income Tax (Amendment) Bill, 2017; the Special Petroleum Tax (Amendment) Bill, 2017; the Special Import Levy (Amendment) Bill, 2017, and the Customs and Excise (Petroleum Taxes and Petroleum Related Levies) (Repeal) Bill, 2017. The Minister of Finance, Mr Ken Ofori-Atta, presented the bills to Parliament and the Speaker of Parliament, Professor Aaron Mike Oquaye, subsequently referred them to the Finance Committee of Parliament for consideration and report.
(Graphic Online 03/15/17)
The President, Nana Addo Dankwa Akufo-Addo says the government’s first budget presented to Parliament recently was the clearest signal of its commitment to place the private sector at the forefront of redeeming the economy and enhancing growth, progress and prosperity. “We have removed the many impediments there for businesses. We want to signal to the private sector that we mean business,” the President said. He said the Ghanaian private sector was the way forward for the country, adding that the...
(The Wall Street Journal 03/15/17)
Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it How is innovation in Africa different from innovation in Silicon Valley? And how can innovation in Africa be encouraged? Dan Keeler, frontier-markets editor of The Wall Street Journal, discussed those questions with Khanyi Dhlomo, founder and chief executive of Ndalo Media, a publisher based in South Africa, and Ashish Thakkar, founder of Mara Group, a pan-African investment group with operations...
(Ghana Web 03/14/17)
Many firms in the United Kingdom (UK) are now willing to do business in Ghana to take advantage of the government’s pro-business policies, a senior government official of the UK has said. Mr Adam Afriyie, a Member of Parliament (MP) and Trade Envoy for UK Prime Minister Theresa May, said this when he led a delegation from the UK-Ghana Chamber of Commerce (UKGCC) to pay a courtesy call on the Vice-President, Alhaji Dr Mahamudu Bawumia, at the Flagstaff House in Accra.

Pages

(Ghana Web 03/24/17)
Legendary Ghanaian coach Herbert Addo has passed away at the 37 Military Hospital in Accra after battling a short illness. Herbert Addo’s health had been deteriorating and was recently admitted at the Emergency Medical Ward. Herbert Addo is reported to have died around 11 am on Friday. He was 65. Addo coached the Black Stars in 1980. Herbert Addo won the league title with Asante Kotoko (1988), Goldfields S.C now Ashgold (1994/95 and 1995/96), Accra Hearts of Oak (2002), and Aduana Stars (2010). The 65-year-old coached top clubs like Accra Great Olympics (twice), Sekondi Hasaacas, Kumasi Cornerstone (where he won the WAFU Champions Cup in 1987), Goldfields (now Ashanti Gold), Asante Kotoko, Accra Hearts of...
(BBC News Africa 03/21/17)
A footballer whose post-match interview went viral after he thanked his wife and girlfriend has denied being unfaithful. Ghanaian Mohammed Anas, of South Africa's Free State Stars, told the BBC he was referring to his daughter. "My family knows that I call my daughter my girlfriend. That's what I was talking about. I don't have a girlfriend," he said. Anas said he was not worried about his wife's reaction. He said he was surprised how many people had watched the video. "I'm famous now - people around the world know me," the footballer said. He added he has been with his wife, who is South African, for seven years. "I love her so much. She's given me two beautiful children...
(AFP (eng) 03/20/17)
Ghanaian referee Joseph Odartei Lamptey was on Monday banned for life by world football's governing body FIFA for match fixing. The Confederation of African Football (CAF) had already slapped a three-month ban on Lamptey after he awarded South Africa a controversial penalty in their 2-1 victory over Senegal in a 2018 World Cup qualifier on November 12, 2016. "The official was found guilty of unlawfully influencing match results," FIFA said in a statement. Zurich-based FIFA said it was dismissing charges...
(AFP (eng) 03/16/17)
Africa will host a Commonwealth Games one day despite the blow of Durban being stripped of hosting the 2022 edition, David Grevemberg, the chief executive of The Commonwealth Games Federation (CGF), told AFP. Durban lost the right to host the Games on Monday -- just 18 months after being awarded them -- when it failed to meet criteria laid down by the CGF, primarily over costs. "I wouldn't want to make a judgement call," Grevemberg told AFP on the sidelines...
(Ghana Web 03/14/17)
Former Black Stars captain Stephen Appiah has advised the Ghana Football Association to appoint a local trainer as the next Black Stars coach. The GFA are on the verge of appointing a new coach for the team following Avram Grant's departure after the Africa Cup of Nations in Gabon. With some clamouring for an appointment of a local coach others are of the view that the job should be given to an expatriate. Appiah believes giving the job to a...
(Ghana Web 03/09/17)
Ghana legend Wilberforce Mfum has questioned the stature of Rev. Osei Kofi, rejecting constant claims by the ex-Kotoko star he's the best ever player to have emerged from the West African nation as 'comical'. In a damning assessment of the self-acclaimed 'greatest footballer', the hard-hitting Mfum claimed Osei Kofi was a 'kid' who failed woefully during his time at Hearts of Oak and was only revived when he cross-carpet to join rivals Asante Kotoko. The debate about the greatest footballer...
(Ghana Web 03/03/17)
Ghana midfielder Kwadwo Asamoah is ready to make a return to the Black Stars team, a close source to the player has revealed to Ghanasportsonline.com. The player has been out of the Black Stars team for almost two years now due to injury. Asamoah exempted himself from the Ghana squad for the 2017 Africa Cup of Nations after hinting he will like to focus on is Club career. Information gathered by Ghanasportsonline.com indicates the 27-year-old is now ready to join...
(Xinhuanet 03/01/17)
The Executive Committee of the Ghana Football Association (GFA) Tuesday night set up a six-member committee to search for a new coach for the senior national soccer team, the Black Stars. The committee will be headed by GFA president Kwesi Nyantakyi. The decision was taken at the executive committee's meeting in Accra Tuesday. The committee tasked to search for the Black Stars was directed to use the headhunting and applications from interested coaches as the two methods to be used...
(BBC News Africa 03/01/17)
Ghana have installed Maxwell Konadu as caretaker coach until a permanent successor to Avram Grant is appointed. Konadu, 44, held the position in 2014 after Kwesi Appiah left, and he has also been Ghana assistant coach, Under-20 coach and Under-23 coach. The Ghana Football Association announced its decision on Tuesday as well as the appointment of Professor Joseph Mintah as assistant coach. Mintah will also continue in his role as the team psychologist. Israeli Grant ended his time as Ghana...
(Ghana Web 02/28/17)
The experienced Ghanaian trainer wants an opportunity to head the Ghana National team after spells with several local Clubs. Hayford’s National team experience only came when he led the Black Princesses team at the 2014 FIFA U20 Women’s World Cup in Canada. The former Kotoko and Power FC Coach insist he is capable of handling the Black Stars team. “If your wife is not beautiful ,be honest and tell the world ,don't say she is very nice knowing otherwise,” he...
(Xinhuanet 02/14/17)
The Ghana Football Association (GFA) on Monday announced the death of former Ghana national team coach Sam Arday. Arday, who was well known as the "Multi-system Man", passed away in Accra last Sunday afternoon after a short illness, aged 71. He was the technical director of Ghana premier league side West Africa Football Academy until his demise. He was the coach of the Black Meteors, Ghana's Olympic soccer team that won bronze medal at the 1992 Games in Barcelona, Spain,...
(AFP (eng) 02/14/17)
Ghanaian international Thomas Partey tied his long-term future to Atletico Madrid by extending his contract with the Spanish giants to 2022 on Tuesday. "Partey has renewed his contract with our club until 2022," Atletico said in a statement. "I am very happy and want to keep improving at Atletico," Partey told the club's website. Partey, 23, joined Atletico in 2011 and made his breakthrough into the first team last season after loan spells at Mallorca and Almeria. He has scored...
(AFP (eng) 02/10/17)
Up to 18 players at the just-completed Africa Cup of Nations could be involved in the new-look CAF Champions League when it kicks off this weekend. Among them is Georges Bokwe, one of two unused goalkeepers in the Cameroon squad that defeated Egypt in the final last Sunday in Gabon. Bokwe was kept out of the starting line-up by the consistent brilliance of Spain-based Fabrice Ondoa, who was included in the team of the tournament. But Bokwe is the first...
(AFP (eng) 02/07/17)
Ghana coach Avram Grant has quit after more than two years in charge, a member of the country's football association told AFP on Tuesday. "Avram Grant has informed the Ghana Football Association of his decision to step down as head coach of the Black Stars," said Osei Kwaku Palmer. Palmer, who is a member of the Ghana FA executive committee, said the 62-year-old's contract was due to expire at the end of this month Grant's resignation comes fibe days after...
(AFP (eng) 02/04/17)
Alain Traore scored with one minute left to give Burkina Faso a 1-0 win over Ghana Saturday and third place in the Africa Cup of Nations. The Turkey-based attacker thumped an angled free-kick over goalkeeper Richard Ofori and into the net in Gabonese coastal city Port-Gentil. It was the second highest finish in the biennial African football showcase for the Burkinabe Stallions, who finished runners-up four years ago. The Black Stars of Ghana have played in five third-place play-offs, losing four. Ghana could have been several goals ahead by half-time as they dominated possession only to be let down by poor finishing and bad luck.
(AFP (eng) 02/03/17)
Michael Ngadeu and Christian Bassogog both netted in the second half as Cameroon beat Ghana 2-0 in Franceville on Thursday to reach the Africa Cup of Nations final. A finely-poised tie remained goalless until the 72nd minute, when Ghana goalkeeper Razak Brimah failed to deal with a free-kick into his area and John Boye's weak defensive header merely served as an assist for Ngadeu to control and fire home. Bassogog then broke away to clinch the win and spark wild...
(AFP (eng) 02/03/17)
Avram Grant could not hide his dejection after Ghana's 2-0 defeat to Cameroon in the Africa Cup of Nations semi-finals on Thursday but he insisted it had been a good tournament for the Black Stars. It was a sixth successive appearance in the last four for the Ghanaians but they were defeated by second-half goals by Michael Ngadeu and Christian Bassogog in Franceville and have still not won the trophy since 1982. "I think we are successful even now," said...
(AFP (eng) 02/01/17)
The nearly men of African football in recent years, Ghana go into a sixth consecutive semi-final at the Cup of Nations when they face Cameroon in Franceville on Thursday. The Black Stars have not won the trophy since 1982, instead gaining a reputation for coming up just short all too often over the last decade. Avram Grant's side lost on penalties to the Ivory Coast in the final two years ago, while their current run of near misses began with...
(AFP (eng) 01/30/17)
Mahmoud Kahraba's late goal allowed Egypt to beat Herve Renard's Morocco in the Africa Cup of Nations quarter-finals on Sunday as they joined Ghana in completing the line-up for the last four. Kahraba came off the bench in the second half in Port-Gentil and stabbed home from inside the six-yard box in the 88th minute, just as extra time looked inevitable. The dramatic finish came after the Ayew brothers, Jordan and Andre, both scored to give Ghana a 2-1 win...
(AFP (eng) 01/27/17)
Ghana are hopeful that skipper Asamoah Gyan will be able to feature in Sunday's Africa Cup of Nations quarter-final against DR Congo after tests on an injury he suffered on Wednesday proved encouraging. A Ghana FA statement said the striker had returned to the team's base in Oyem in northern Gabon to continue treatment on the thigh injury he picked up in the 1-0 defeat to Egypt in their last group game in Port-Gentil. "Tests in the Gabonese capital of...

Pages

(APA 03/16/17)
The appointment of deputy ministers and brutalities meted out by some airmen in the Western Region of Ghana dominate the Ghanaian media on Thursday. Img : Ghana: Press focuses on deputy ministerial appointments, brutality by airmen The Daily Graphic says 50 deputy ministers have been appointed by President Nana Addo Dankwa Akufo-Addo to serve in the various ministries. This according to the newspaper, brings the total number of ministers appointed to 110. It gave the breakdown of total nominations made by the President as having 50 ministers in total and 60 deputy minsters. The Ghanaian Times reports that some airmen in Takoradi have run amok again meting out various forms of brutalities to some residents...
(Ghana Web 03/03/17)
Although she admits she has a ‘kankpe’ body, she never feels shy to ‘flaunt’ when necessary and has not been bothered about any comment which may seem to mock her. On a number of occasions, Wiyaala has shared photos of herself at beaches in her bikinis but it appears the latest one, taken at a beach in Plettenburg Bay, South Africa has attracted folks and they really want to rock her body! According to Wiyaala who appeared on Hitz FM’s Daybreak Hitz Friday, she has received a lot of proposals from guys after the pictures were circulated on social media platforms. “After the bikini photos, there has been a hot demand. The applications are coming,” she said humorously while telling...
(AFP (eng) 03/02/17)
A film raging against colonialism and the exploitation of Africa wowed viewers at the continent's top cinema festival Wednesday, winning shouts of approval at a screening packed to bursting point. "The African Storm" tells the story of an African president who nationalises businesses run by racist, cynical Western executives. Directed and produced by its Beninese star Sylvestre Amoussou, it tackles several hot-button issues including an exit from the CFA franc currency, closer ties with Russia and China as opposed to...
(Ghana Web 02/28/17)
Quata Budukusu, the king and originator of tongue- twisting rap has promised to bring musical death on Ghanaian rapper Sarkodie and his entire crew. Quata Budukusu who took Sarkodie’s latest single ‘Shout’ as a lyrical war (beef) to him says he would not relent in responding to the latter accordingly. The ‘Ginger’ hitmaker quickly took to Facebook to make this announcement. He wrote; “Finally the Coward Sark, grew some balls to throw shots at me….interesting…. Time to bring Death to...
(AFP (eng) 02/27/17)
An African road movie about four women wowed its audience Sunday as it kicked off the Panafrican cinema and television festival (Fespaco), a showcase for the continent's burgeoning film industry. "Borders" ("Frontieres") directed by Apolline Traore, a Fespaco laureate in 2013, sweeps across Africa as its protagonists journey through Senegal, Mali, Burkina Faso and Benin on their way to Nigeria. Along the way the women -- Ivorian, Senegalese, Burkinabe and Nigerian actresses -- are spared nothing as they are beset...
(AfricaNews 01/18/17)
Ghana’s powerful Ashanti kingdom escorts its queen mother to the ancestral village. The funeral of Nana Afia Kobi Serwaa Ampem II, who died last year at 111 years is a big deal in the gold-rich Ashanti region of the country. The queen, known as the ‘Asantehemaa,’ was the mother of the current overlord of the kingdom, Otumfuo Osei Tutu II. Nana Afia Kobi, was the 13th Ashanti Queen and reigned for 39 years. But beyond the really colourful and deeply...
(Graphic Online 01/18/17)
The Indian High Commission will hold a “Festival of India-Matri” from January 25 to March 15, 2017 to commemorate 60 years of a strong bond of friendship between India and Ghana. The festival will be held in collaboration with Ghana’s Ministry of Tourism, Ministry of Foreign Affairs and Regional Integration, as well as the governments of both countries. The Indian High Commissioner, Mr Birender Singh, announced this at a press briefing held in Accra. He said the festival to be...
(AFP (eng) 01/04/17)
A fancy dress New Year festival that began almost a century ago in Ghana as a searing satire of colonial life is still thriving today, with hundreds of people dressing up and donning masks. On the streets of Winneba, a fishing town a two-hour drive from the capital Accra, a four-metre tall Santa Claus waving Ghana's flag marches past a wolf shimmying to the jazzy beats played by a brass band. Children wearing matching pink and white cowboy outfits decorated...
(Ghana Business News 11/30/16)
Dr Edward Omane Boamah, Minister of Communications, has urged the media to develop interest in judgement debts issues in its totality and stop being selective over the matter in their discourse. He urged the media to do further investigations on the on-going “Woyome Judgement Debt Saga” and bring the outcome to their listeners and audience. The Minister who was speaking during his turn of the meet-the-press series in Accra, said the media was silent on the numerous judgement debt cases...
(APA 11/30/16)
The press in Accra on Wednesday focused on the call for peace by three eminent Ghanaians and the declaration by President John Dramani Mahama that the elections will be peaceful. The Daily Graphic publishes that three eminent Ghanaians, Togbe Afede XIV, President of the National House of Chiefs, Chief Imam, Sheik Osman Nuhu Shaributu, and Most Rev. Philip Naameh, the President of Catholic Bishops Conference, have called on voters to preserve the peace of the nation. They made the appeals...
(APA 11/17/16)
The Supreme Court of Ghana giving a former attorney general the chance to orally examine a businessman in an effort to recover a controversial judgment debt dominates the headlines of Ghanaian newspapers on Thursday. The Daily Graphic, Daily Guide, Ghanaian Times and others all gave the story a front page attention with diverse headlines. They said the Supreme Court on Wednesday granted permission to Mr. Martin Alamisi Amidu, to orally examine Mr. Alfred Agbesi Woyome over his assets. It has...
(APA 11/09/16)
The re-submission of forms by some disqualified candidates and the question as to who gets the nod on Wednesday dominate the headlines of Ghanaian newspapers on Wednesday. The Daily Graphic says the Electoral Commission (EC) will decide the fate of nine (9) disqualified presidential aspirants who re-submitted their nomination forms in conformity with the Supreme Court order to the Commission. They include eight political party leaders and one independent candidate. The Ghanaian Times asked the question as to who will...
(The Guardian 11/09/16)
Kiosk-sized cultural exhibition will travel across the country’s 10 regions in December. An innovative project in Ghana aims to make moveable museums available nationwide by taking a small kiosk-sized gallery on the road to showcase artworks and cultural artefacts. The “kiosk museum” is the brainchild of Nana Oforiatta Ayim, a writer and film-maker, and founder of ANO, a non-profit art space in Accra. She decided to make use of an ubiquitous feature of west African architecture: the semi-legal containers present...
(Ghana Web 11/08/16)
Joke Silva, a veteran actress, has said she’ll never accept a sum lower than her value for a movie role. In a recent chat with TheCable Lifestyle, Silva noted that it took her several years to build a solid brand, adding that it would be a disservice to herself to settle for less. She said: “The simple reason I don’t appear in movies is that when I get offered films, what they are offering to pay is ludicrous. So I’m...
(Graphic Online 11/07/16)
The Musicians Association of Ghana (MUSIGA), raised an estimated GH¢32,000 for the Ageing Musicians Welfare Fund (AMWeF) and the MUSIGA Academy at this year’s edition of the MUSIGA Grand Ball which came off Friday, November 4, at the Banquet Hall of the State House. To raise the funds, MUSIGA auctioned off a number of musical instruments and items belonging to legendary Ghanaian musicians including the Best of Nana Ampadu’ album, PK Yamoah’s guitar, AB Crentsil’ dondo and Rev. Kusi Berko’s...
(APA 11/03/16)
The deportation of 108 emigrants from the United States of America and the inauguration of an Information Communication Technology (ICT) data centre dominate the headlines of Ghanaian newspapers on Thursday. The Ghanaian Times said the 108 Ghanaians were deported from the USA after serving various jail sentences for drug related and other offences. They arrived at the Kotoka International Airport in the company of some security personnel and were met by some police personnel, the National Disaster Management Organisation and...
(Ghana Web 10/25/16)
Emmanuel Kojo Quayeson, better known by his stage name as Vybrant Faya is a dancehall artiste from Tema. He was born on April 13, 1987 to Mr Samuel K Quayson and Miss Theresah Ackon. Vybrant Faya started singing at early age with the local church groups. With his dream to become a professional musician he pursued his education very determined and after secondary school, he enrolled into a technology college where he gained certificate as an IT technician. Even in...
(APA 10/22/16)
Ghanaian media on Saturday focused on dashing of disqualified presidential aspirants for December 7 general elections to police station following ultimatum from the Ghana Police Service. The Daily Graphic, Ghanaian Times and Daily Guide gave prominence to the story ,with Daily Guide reporting that eight out of the 12 presidential aspirants who were disqualified by the Electoral Commission (EC) for allegedly committing various criminal and electoral offences while filing their nominations have reported themselves to the Department of the Criminal...
(AFP (eng) 10/21/16)
Demand for homegrown contemporary music is sweeping Africa and driving a creative boom in an industry otherwise battered by falling CD sales and rampant piracy. A recent study of the entertainment sector by PricewaterhouseCoopers (PwC) accountants showed rapid earnings growth in many African countries, fuelled largely by live performances by local artists. "Consumers are increasingly wanting local content," Vicki Myburgh, a PwC director who conducted the study released last month, told AFP. "The Nigerian music market... will (soon) grow at...
(Graphic Online 10/14/16)
Ghanaian born Highlife musician based in the UK, Sister Afia says she is surprised no man in Ghana has been bold enough to propose to her. Although she is based in the UK, Sister Afia visits Ghana often and she cannot believe no man has attempted to hit on her unlike in the UK where she gets guys making advances at her often. “I think Ghanaian men don’t have the balls to walk up to me and propose. All I...

Pages

(Bloomberg 03/28/17)
Ghana’s central bank cut its benchmark interest rate for a second time in four months as the cedi recovered from record lows and inflation slowed to the lowest rate in more than three years. The Bank of Ghana reduced the rate to 23.5 percent from 25.5 percent, Governor Abdul Nashiru Issahaku told reporters Monday in the capital, Accra. That’s the biggest single cut in borrowing costs since February 2010. Four of the seven economists in a Bloomberg survey forecast the rate would be reduced while the remaining respondents said it would be kept unchanged. “Underlying inflation pressures have eased considerably and inflation is projected to trend down towards the medium term target,” Issahaku said. Indications...
(Voice of America 03/28/17)
The World Health Organization and U.N. children's fund are spearheading a massive immunization campaign across Africa to rid the continent of the last vestiges of polio. Tens of thousands of health workers will fan out across 13 central and western African countries to vaccinate more than 116 million children under age five against the crippling disease. The U.N. agencies report more than 190,000 volunteers, traveling on foot or bicycle, will go house to house across all cities, towns, and villages in 13 countries to vaccinate every child under age five against polio. The synchronized vaccination campaign, one of the largest ever conducted in Africa, will run from March 25-28. Director of Polio Eradication at the World Health Organization Michel Zaffran...
(Bloomberg 03/24/17)
Ghana’s central bank may have space to cut its benchmark interest rate for a second time in four months as the cedi started to recover from record lows and inflation slowed to the lowest rate in more than four years. Governor Abdul Nashiru Issahaku has enough room to cut the West African nation’s main rate by as much as 100 basis points, according to Courage Kingsley Martey, an Accra-based economist at Databank Group. Two of the four economists in a...
(Bloomberg 03/24/17)
After overseeing sub-Saharan Africa’s fastest-growing economy and six years of relative peace, Ivory Coast President Alassane Ouattara is in the midst of a year from hell. First soldiers staged a mutiny, then public workers went on strike and now cocoa prices have fallen. All told, the West African nation is facing the worst social unrest since Ouattara, 75, assumed power in 2011. With cocoa prices in London dropping more than 30 percent from July, the government in the world’s top...
(Bloomberg 03/23/17)
Slumping cocoa prices are testing to the limit top producer Ivory Coast’s efforts to ensure stability for farmers, heightening risks for the domestic economy and world markets. Authorities have warned they’ll have to cut payments to growers. That follows a wave of defaults by local exporters who’d bet on higher prices, costing the government more than $300 million and pushing cocoa futures even lower. The more than 30 percent drop in London benchmark prices from a six-year high in July...
(BBC News Africa 03/21/17)
A footballer whose post-match interview went viral after he thanked his wife and girlfriend has denied being unfaithful. Ghanaian Mohammed Anas, of South Africa's Free State Stars, told the BBC he was referring to his daughter. "My family knows that I call my daughter my girlfriend. That's what I was talking about. I don't have a girlfriend," he said. Anas said he was not worried about his wife's reaction. He said he was surprised how many people had watched the...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get...
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent...
(The Wall Street Journal 03/15/17)
Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it How is innovation in Africa different from innovation in Silicon Valley? And how can innovation in Africa be encouraged? Dan Keeler, frontier-markets editor of The Wall Street Journal, discussed those questions with Khanyi Dhlomo, founder and chief executive of Ndalo Media, a publisher based in South Africa, and Ashish Thakkar, founder of Mara Group, a pan-African investment group with operations...
(The Independent 03/06/17)
Th term was coined by sceptical officials, worried about the importance given to Commonwealth trade deals ahead of Brexit negotiations. Plans by government ministers to boost trade links with African Commonwealth countries are being internally branded “empire 2.0” by sceptical officials who are worried about the importance being placed on such deals ahead of the UK’s negotiations of leaving the European Union (EU). International Trade Secretary Liam Fox is expected to promise to build better links with the whole of...
(Bloomberg 03/03/17)
Polar Star Management Ltd., which runs one of the best-performing African and Middle East hedge fund over the past five years, plans to start a private-equity unit that will invest in agriculture to exploit rising demand for food. The Cape Town-based firm plans to use its own money to buy small farms and processing companies in South Africa this year, then increase efficiency through consolidation and better management, said Murray Derksen, a director at Polar Star. It aims to raise...
(Bloomberg 03/01/17)
Ghana’s new finance minister faces having to fulfill election pledges to spend more on education and job creation while trying to raise investor confidence eroded by fears about the nation’s finances. After promises of free high-school education and tax cuts in the run-up to a December vote, Finance Minister Ken Ofori-Atta, 57, will present the 2017 budget on Thursday following last month’s discovery of about 7 billion cedis ($1.5 billion) in unplanned spending by the previous administration. That startled markets,...
(BBC News Africa 03/01/17)
Ghana have installed Maxwell Konadu as caretaker coach until a permanent successor to Avram Grant is appointed. Konadu, 44, held the position in 2014 after Kwesi Appiah left, and he has also been Ghana assistant coach, Under-20 coach and Under-23 coach. The Ghana Football Association announced its decision on Tuesday as well as the appointment of Professor Joseph Mintah as assistant coach. Mintah will also continue in his role as the team psychologist. Israeli Grant ended his time as Ghana...
(Bloomberg 02/21/17)
The new Ghanaian government’s pledge to provide free secondary education at public schools, less than a month after it said it found a budget hole of 7 billion cedis ($1.5 billion), could compound the nation’s financial trouble. After initial reports, citing Senior Minister Yaw Osafo Maafo, that an oil-savings fund would be used to underwrite free education, Finance Minister Ken Ofori-Atta said in a broadcast on Citi FM on Feb. 17 the government won’t touch the so-called Heritage Fund and that schooling would be funded from the budget. President Nana Akufo-Addo, whose New Patriotic Party won a general election in December
(Bloomberg 02/21/17)
Ashish Thakkar, who co-founded Africa banking conglomerate Atlas Mara Ltd. with ex-Barclays Plc head Bob Diamond, lost a ruling over the ownership of family assets in a London divorce case, with a judge questioning Thakkar’s truthfulness. Judge Philip Moor ruled that Thakkar, and not his mother and sister, was the owner of disputed assets in the divorce. He found that the 35-year-old owned 100 percent of Mara Group Holdings Ltd. and other corporate entities. The result will have ramifications in...
(Voice of America 02/14/17)
U.S. President Donald Trump made his first phone calls to African heads of state Monday, speaking with Nigerian President Muhammadu Buhari and South African President Jacob Zuma. Nigeria and South Africa said the calls were made at the request of the U.S. president, who until now has said little about Africa or African issues since assuming office last month. The Nigerian presidency said Trump and Buhari discussed issues of terrorism, and said Trump assured Buhari the United States is ready...
(AL Jazeera 02/08/17)
The EU must espouse a transnational approach with a clear development agenda that replaces its current security policy. One year ago, 22-year-old Patrick left Douala, the largest city in Cameroon, to become a football star in Europe. A talented midfielder and an ambitious young man, Patrick felt compelled to reach Europe to help him to realise his dreams. But, as he passed through Agadez in Niger, which has become a major transit hub for migrants taking the Central Mediterranean route,...
(Bloomberg 02/06/17)
Ghana’s worse-than-expected budget deficit will heighten currency volatility and elevate the nation’s funding demands to finance previously undisclosed arrears of 7 billion cedis ($1.6 billion), according to Moody’s Investors Service. The discovery of the payment arrears reverses Ghana’s progress on consolidating its fiscal deficit since 2015 under an International Monetary Fund program, Moody’s said in an e-mailed statement on Monday. The shortfall is also weighing on debt dynamics and will undermine the cedi, “all credit negative for the sovereign,” it...
(Bloomberg 02/06/17)
The West African nation’s ballooning budget gap has dismayed investors betting the combination of a new government and an International Monetary Fund program would bring the country’s finances under control. The discovery of a 7 billion-cedi ($1.6 billion) hole is reviving memories of 2015 when Ghana’s economy was in tatters amid a slowdown in commodity prices and excessive spending. “There were some hopes that finally, under the previous government, and with the IMF’s watch, fiscal slippage wouldn’t have been that...
(Bloomberg 02/06/17)
Prem Watsa’s Fairfax Financial Holdings Ltd. is expected to raise about $500 million for its new African investment fund, attracting less than its original goal as investor interest in the region proved weaker than anticipated, according to people familiar with the matter. The Toronto-based insurer sought to raise as much as $1 billion at $10 a share for Fairfax Africa Holdings Corp. in an initial public offering on the Toronto Stock Exchange, according to a regulatory filing in December. Fairfax...

Pages