Ghana | Africatime
Wednesday 29 July 2015

Ghana

(Starrfmonline 07/29/15)
The John Mahama administration has scored 47% for its overall performance over the past two and a half years, according to an IMANI Ghana assessment report. According to the policy think tank, the score is a “satisfactory” performance but there is more room for improvement before the four-year term ends. IMANI Ghana came to the 47% conclusion after assessing the 2012 manifesto of the ruling National Democratic Congress (NDC) as against the actual work on the ground. IMANI Ghana evaluated the rate of execution of the programmes and projects stated in the manifesto
(Gbc Ghana 07/29/15)
Trading activities on the various markets ended this week with some changes in prices. An olunka of shelled groundnut gained 7 per cent to sell averagely at GH¢13.10. The 5 kilo bag of Uncle Sam gained 4 per cent to close the week at GH¢28.50 with yam also gaining 4 per cent to close at GH¢4.50. The lowest gain was made by gari and local rice (white), with both gaining a percentage point to close at GH¢3.90 per olunka and GH¢7.20 per olunka. Tomatoes and Soya beans however lost 3 and 2 per cent respectively to close the week at GH¢10.93 and GH¢6.60. The prize of maize remained unchanged in most markets. However, the commodity went for GH¢4.60 losing 3...
(Daily Monitor 07/29/15)
Kaberamaido/Kumi — President Museveni has said he is always in fights with greedy people in Public Service demanding for a salary increment so that they can "eat the money" at the expense of national development. "What you see here is dongo lobo (Luo phrase losely translated to mean development), electricity, schools, health centres and roads. You must have heard that I was fighting with people who wanted to cham cham (eat) the money; they wanted to increase salaries of public...
(Starrfmonline 07/29/15)
The Head of Corporate Affairs at Unilever Ghana, Gabriel Opoku-Asare, has described the palm oil sub-sector as the next “gold” sector for the country if all key stakeholders collaborate to grow the sub sector to meet the increasing global demand for sustainable palm oil. Speaking at the Tropical Forest Alliance 2020 Palm Oil Initiative Ghana Country Workshop held at the Best Western Hotel in Accra, he said the palm oil sector currently employs over 300,000 people in Ghana and must...
(Spy Ghana 07/29/15)
Oil companies operating on the Jubilee Field have given the assurance that supply of gas from the FPSO will resume by the middle of August. It follows completion of works on the compressor: equipment used in extracting gas from the Jubilee Field to the Atuabo gas processing plant. The shutdown of the facility compounded the current power crises which has resulted in an intensified load shedding program. But speaking after visiting the FPSO, Petroleum Minister, Emmanuel Armah Kofi Buah confirmed...
(Ghana Web 07/29/15)
The Ghana Chamber of Telecommunications has welcomed the Bank of Ghana’s new E-Money Issuers Guidelines and Agent Guidelines saying “they are comprehensive, conform to international best practices and reflect the inputs of all key stakeholders”. According to the chamber, the new guidelines would promote financial inclusion without risk to financial system; extend financial services beyond traditional channels; and enhance the government’s agenda to reduce the informal sector as Mobile Money expands the BoG’s and MoF’s visibility of financial transactions within...
(Spy Ghana 07/29/15)
Government is to set up modalities to compel shipping companies to introduce a training regime which ensures that their local staff gain professional qualifications in shipping. “Maintenance of professional standards in the maritime industry has been one of the hallmarks of the Institute of Chartered Shipbrokers (ICS), over the 100 years of its existence. “In our part of the world, this essential ingredient is often times not exhibited as is expected, therefore Ghana is considering a policy to inject professionalism...
(Business Ghana 07/29/15)
Mr Yaw Akrasi-Sarpong, Executive Secretary of the Narcotics Control Board, on Monday, called for an open debate, and an all-inclusive discussion with Civil Society Organisations (CSOs), to locally join in on-going global debates on the drug issue. This, he said, would help confront the present challenges being faced globally, as far as the issues on narcotics use and trade were concerned. He advocated for the decriminalization of Cannabis Sativa, with an argument drawn along lines, such as the consideration of...
(Starrfmonline 07/29/15)
The Christian Council of Ghana has called for a review of the country’s gun control laws. The call follows the conviction of the 36-year-old man who was arrested at the Church of the President and the Chief Justice with a gun. An Accra Circuit court Tuesday slapped a ten year jail term on Charles Antwi. But Rev. Dr. Kwabena Opuni Frimpong, General Secretary of the Christian Council says the situation calls for a review of the country’s gun control laws...
(BBC News Africa 07/29/15)
When Barack Obama stepped off Air Force One in Kenya it felt like a moment of affirmation and an opportunity to use the US president's words to "call on the world to change its approach to Africa". As a continent, it depends less on aid now than it did in the past. Instead many countries which make up Africa are increasingly being seen as a global partner, not a minority shareholder in generating wealth, fighting terrorism and climate change. Mr...
(AFP (eng) 07/28/15)
A high court in the Ghanaian capital Accra sentenced a man to a 10-year prisonment term Tuesday after he confessed to having planned to kill President John Dramani Mahama. Security agents on Sunday arrested 36-year-old Charles Antwi in possession of a pistol while inside a church usually attended by Mahama and his family. The Mahama family was absent when the incident occurred, an official statement had said on Sunday. "I wanted to kill President Mahama to take over his position,"...
(Ghana Web 07/28/15)
Minister of Finance and Economic Planning Seth Terkper has described as sustainable Ghana's ballooning public debt which has risen from nine billion cedis to 90 billion cedis in seven years. Ghana's public debt has risen from nine billion cedis to 90 billion as of May this year - a rate economic analysts and opposition politicians say is simply unsustainable. But the Finance Minister has parried the criticisms, saying the loans taken thus far have been invested into commercial projects that...
(Ghana Web 07/28/15)
Petroleum product dealers can take part of the blame for not allowing consumers to enjoy the full benefits when prices go down on the world market, but the real ‘killer’ for the consumer, critics say, are the countless taxes and levies government slaps on the products. The African Centre for Energy Policy (ACEP) wonders, for example, what a TOR debt-recovery levy would still be doing on the fuel price build-up after so much money has been collected; or why the...
(Spy Ghana 07/28/15)
Two people have been confirmed dead after inhaling excessive fumes coming from a generator set. They are Amama Iddrisu, 30 years old mother, and her daughter three-year-old Aisha Iddrisu. The two were part of a five member family who went to sleep with a generator set on. The other three members who also inhaled the fumes have been hospitalized at the Manhyia Government Hospital and being monitored closely by the medical officers. They are Baby Umar, five months; Rabo Baba,...
(Ghana Web 07/28/15)
Some cocoa farmers in the Ashanti Region have begun cutting down diseased trees for lack of chemicals to spray their farms. The development comes in the in the wake of widespread reports of diversion and stealing of chemicals meant for mass cocoa spraying. A 500- member Joint Cocoa Farmers Association in the Ahafo Ano South and the Atwima Nwabiagya South Districts warns of massive destruction if government fails to act to save the industry. The farmers’ concern confirms an investigative...
(Vibe Ghana 07/28/15)
Government is to set up modalities to compel shipping companies to introduce a training regime which ensures that their local staff gain professional qualifications in shipping. “Maintenance of professional standards in the maritime industry has been one of the hallmarks of the Institute of Chartered Shipbrokers (ICS), over the 100 years of its existence. “In our part of the world, this essential ingredient is often times not exhibited as is expected, therefore Ghana is considering a policy to inject professionalism...
(Ghana Web 07/28/15)
The Interior Minister, Mr Mark Woyongo, has stated that the security agencies have chalked up tremendous success in the fight against the drug menace in the country. He said through intelligence, cannabis being cultivated on arable land in the Northern, Brong Ahafo, Eastern and Volta regions had been identified and destroyed by the security agencies. Mr Woyongo, who said this in a speech read on his behalf at the opening session of the second West Africa Executive Course on Human...
(Vibe Ghana 07/28/15)
The Presidential Candidate of the New Patriotic Party (NPP), Nana Addo Dankwa Akufo-Addo has stated that his party will rebuild the “shattered” Ghanaian economy and fix the mess created by the governing NDC government. Nana was speaking at a meeting of Ghanaian and International businessmen and women, as well as professionals and students, organised by the Young Executive Forum (YEF) of NPP UK. Nana Addo told the audience that Ghana was once the “poster boy of Africa’s rising narrative,” but...
(APA 07/28/15)
A section of the Ghanaian media on Tuesday focused attention on the agitation by junior doctors for their unpaid salaries accumulating for over 11 months now. The Ghanaian Times published a picture of the leader of the doctors, Dr. Attafuah Kissi walking with Ghana’s Employment and Labour Relations Minister, with a caption, “Gov’t, Junior doctors strike deal.” The Finder said, “Govt to pay Junior doctors tomorrow” and the Daily Guide, “Junior doctors wild over pay”, publishing a picture of the...
(Voice of America 07/28/15)
President Barack Obama is closing his East African trip Tuesday, becoming the first sitting American leader to address the African Union headquarters in the Ethiopian capital. His remarks at the AU headquarters in Addis Ababa follow a meeting with AU Commission chair Nkosazana Dlamini Zuma and a tour of a food processing factory. Obama met Monday with Ethiopian Prime Minister Hailemariam Desalegn for what he called "frank discussions" that included urging the government to allow journalists and opposition parties to...

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(Business Ghana 07/29/15)
Mr Yaw Akrasi-Sarpong, Executive Secretary of the Narcotics Control Board, on Monday, called for an open debate, and an all-inclusive discussion with Civil Society Organisations (CSOs), to locally join in on-going global debates on the drug issue. This, he said, would help confront the present challenges being faced globally, as far as the issues on narcotics use and trade were concerned. He advocated for the decriminalization of Cannabis Sativa, with an argument drawn along lines, such as the consideration of the commercial benefits not only as a powerful medicinal plant, but for the production of various products, including soap and cosmetics, for export. According to him, the immense benefits of the hemp oil, the seed...
(Starrfmonline 07/29/15)
The Christian Council of Ghana has called for a review of the country’s gun control laws. The call follows the conviction of the 36-year-old man who was arrested at the Church of the President and the Chief Justice with a gun. An Accra Circuit court Tuesday slapped a ten year jail term on Charles Antwi. But Rev. Dr. Kwabena Opuni Frimpong, General Secretary of the Christian Council says the situation calls for a review of the country’s gun control laws to ensure public safety. “We have to re-visit gun laws in this country and the issue about public security…because at the moment the rate we are recording gun use in public, I mean in elections, chieftaincy matters we need to...
(AFP (eng) 07/28/15)
A high court in the Ghanaian capital Accra sentenced a man to a 10-year prisonment term Tuesday after he confessed to having planned to kill President John Dramani Mahama. Security agents on Sunday arrested 36-year-old Charles Antwi in possession of a pistol while inside a church usually attended by Mahama and his family. The Mahama family was absent when the incident occurred, an official statement had said on Sunday. "I wanted to kill President Mahama to take over his position,"...
(Ghana Web 07/28/15)
The Interior Minister, Mr Mark Woyongo, has stated that the security agencies have chalked up tremendous success in the fight against the drug menace in the country. He said through intelligence, cannabis being cultivated on arable land in the Northern, Brong Ahafo, Eastern and Volta regions had been identified and destroyed by the security agencies. Mr Woyongo, who said this in a speech read on his behalf at the opening session of the second West Africa Executive Course on Human...
(Reuters (Eng) 07/27/15)
Ghanaian authorities on Sunday arrested a 36-year-old man who carried a "weapon" into a church where President John Dramani Mahama and his family worship, the government said in a statement. The unidentified man was arrested after his "fidgety and suspicious behaviour" was noticed during the morning service at an Assemblies of God church in Accra, according to a statement signed by Communications Minister Edward Omane Boamah. "He was escorted out by security personnel and, following a search, the weapon was...
(Citifmonline 07/27/15)
Poverty alleviation fund managers- SEND-Ghana is alarmed by the soaring increase in maternal mortality in the Northern Region. Records from the Northern Regional Health Directorate revealed that 57 maternal deaths have so far been recorded for the mid year of 2015. A breakdown of statistics indicated that 212 maternal deaths were recorded in 2012 against that of 2013 which declined to 99. The death toll further reduced to 66 in 2014 which the regional health directorate described as positive change...
(The Christian Science Monitor 07/27/15)
President Obama pledged $1 billion to support entrepreneurship projects worldwide, with half earmarked for women and youth. President Barack Obama has announced the expansion of entrepreneurial centers in Africa that will benefit 1,600 women entrepreneurs. These community centers, offering resources, education, and training, are expected to create 7,194 new jobs and 630 certified female mentors by October 2016, according to the State Department. Speaking on Saturday at the sixth annual Global Entrepreneurship Summit in Nairobi, Kenya, the president announced a...
(APA 07/24/15)
Ghana’s Interior Ministry on Thursday reiterated its resolve to maintain peace in Bimbila, a violence stricken-town in the northern region of Ghana, when it failed to review a curfew imposed on the town. Reports from the town said a meeting held to review an evening to dawn curfew from 4pm to 6am local time between the Ministry and the District Security Council could not review the curfew, owing to the nature of violence that broke out last month in which...
(Ghana Web 07/24/15)
Government has put in place the relevant policy and legal frameworks to regulate the activities of the mining sector to maximise the benefits from the exploitation of natural resources. Nii Osah Mills, Minister of Lands and Natural Resources said government had also adopted the improved resource governance initiative through the approved internationally accepted operating standards; such as the Voluntary Principles (VPs) VPs, Extractive Industry Transparency Initiatives and the Open Governance Partnership. Nii Mills was speaking on Thursday at a multi-stakeholder...
(Citifmonline 07/24/15)
The General Secretary of the governing National Democratic Congress (NDC) Johnson Asiedu Nketia has stated that the legacy of good governance, continuity and servant leadership of the late President Mills still lives. Today is exactly three years since the passing of Professor John Evans Mills at the 37 military Hospital at age 68. His demise shocked many, since that was the first time a sitting President had died.Three years down the line, the General Secretary of the political party on...
(Reuters (Eng) 07/23/15)
Ghana's parliament was thrown into darkness by a power outage on Wednesday, leading to jeers from the opposition as MPs flipped open their mobile phones to use as flashlights. The blackout, which held up proceedings in the 275-member house for nearly an hour according to officials and lawmakers, was symbolic of the energy crisis the West African nation has been wrestling with for three years. "The lights went off suddenly and the [meeting] chamber was plunged into darkness.... It happened in the middle of a debate on a loan agreement for the transport sector," Richard Quarshiga, the member of parliament for Keta
(The Associated Press 07/23/15)
FIFA has asked the Russian Football Union to explain the latest high-profile incident of racism that saw a Ghanaian player banned for two matches for his reaction to fan abuse and the alleged abusers' team escape action. In video from Friday's Russian Premier League game, Spartak Moscow fans could be heard racially taunting FC Ufa midfielder Emmanuel Frimpong. The former Arsenal player, who posted a video of the incident on social media, is black. Reacting with a finger gesture to...
(Ghana Web 07/22/15)
Ghana has slipped further on its sanitation performance globally to become the World’s 7th worst performing country, according to a new report released on Tuesday. The Joint Monitoring Programme report, “Progress on Sanitation and Drinking Water: 2015 Update and MDG Assessment,” a collaborative effort between the World Health Organisation (WHO) and the United Nations Children’s Fund, says that the challenge to access improved sanitation is starker in Ghana, “which has slipped even further amongst the worst performing countries, now ranked...
(Citifmonline 07/22/15)
The Ghana Education Service (GES) has dismissed assertions that Ghana’s education system is still using colonial structures. The President of the Innovative Teachers, Stephen Desu, on Citi FM’s The Big Issue over the weekend criticized Ghana’s educational system saying, the academic structure and curriculum used by basic schools were colonial. “This educational system is colonial in nature. We have not taken any steps at decolonizing our educational system,” he said, adding that, although a few modifications have been made, “it...
(AFP (eng) 07/22/15)
President Barack Obama's keenly-awaited trip to Africa this week comes as the US superpower's military footprint on the continent is growing. But US diplomatic and trade ties in Africa have not kept pace with defense cooperation, and lag far behind those of Europe and China. - Targeted military presence - Compared to its large-scale bases in Europe and Korea, and ongoing operations in the Middle East and Afghanistan -- the US deployment in Africa is discreet. Indeed, the US military's...
(Spy Ghana 07/21/15)
One of the bodyguards of the Nana Addo Dankwa Akufo-Addo, the flagbearer of the opposition New Patriotic Party (NPP) has been reportedly arrested in Manchester in the United Kingdom for attempted assault on a passerby, the Republic Newspaper has gathered. The unidentified passer-by is said to have videotaped a demonstration organized by a group of Ghanaians living in the UK against Akufo-Addo during his visit to Manchester City centre in Oldham. This paper cannot confirm the exact charges against the...
(Ghana Web 07/21/15)
Cadman Mills, brother of the late president for the first time after his death has publicly revealed what led to his demise. Cadman told Fiifi Banson on Kasapa FM on Tuesday that his brother fell and bled until he died. Recounting what he says was a sudden death, Cadman said the autopsy report conducted on his brother showed he died from the stroke, adding the family has all along known the immediate cause. “He fell and bled. It was what...
(Reuters (Eng) 07/21/15)
Hollywood actor George Clooney launched an initiative on Monday to track down and help bring to justice those funding and profiting from Africa's deadliest conflicts in a bid to fight corruption in war zones. Clooney joined forces with U.S. human rights activist John Prendergast in a project called The Sentry that aims to investigate the flow of money in and out of conflict zones and give policymakers the tools to take effective action. Using data collection, field research and analysis technology, the initiative plans to expose how conflict is financed and profits laundered, with a website encouraging people to anonymously
(AFP (eng) 07/20/15)
The UN appealed on Monday for $20 million to stem outbreaks of bird flu in West Africa, a region still weakened by the Ebola crisis. The Rome-based Food and Agriculture Organisation(FAO) said it needed the funds (18.45 million euros) to respond swiftly to outbreaks of H5N1 avian flu, without which the poultry virus would spread beyond the region. Because the highly virulent disease can be transmitted to humans, the FAO said it was working closely with the World Health Organization...
(Citifmonline 07/20/15)
Ghana has endorsed efforts by the United Nations (UN) to develop appropriate legal frameworks and tools to effectively address gaps and challenges faced by older persons. According to the Minister for Gender, Children and Social Protection, Nana Oye Lithur, the government was in support of the comprehensive approach and leading role adopted by the UN, and the continuous efforts of the international community to ensure a binding legal framework for the aged. The minister made the statement at the ongoing...

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(Starrfmonline 07/29/15)
The John Mahama administration has scored 47% for its overall performance over the past two and a half years, according to an IMANI Ghana assessment report. According to the policy think tank, the score is a “satisfactory” performance but there is more room for improvement before the four-year term ends. IMANI Ghana came to the 47% conclusion after assessing the 2012 manifesto of the ruling National Democratic Congress (NDC) as against the actual work on the ground. IMANI Ghana evaluated the rate of execution of the programmes and projects stated in the manifesto
(Gbc Ghana 07/29/15)
Trading activities on the various markets ended this week with some changes in prices. An olunka of shelled groundnut gained 7 per cent to sell averagely at GH¢13.10. The 5 kilo bag of Uncle Sam gained 4 per cent to close the week at GH¢28.50 with yam also gaining 4 per cent to close at GH¢4.50. The lowest gain was made by gari and local rice (white), with both gaining a percentage point to close at GH¢3.90 per olunka and GH¢7.20 per olunka. Tomatoes and Soya beans however lost 3 and 2 per cent respectively to close the week at GH¢10.93 and GH¢6.60. The prize of maize remained unchanged in most markets. However, the commodity went for GH¢4.60 losing 3...
(Starrfmonline 07/29/15)
The Head of Corporate Affairs at Unilever Ghana, Gabriel Opoku-Asare, has described the palm oil sub-sector as the next “gold” sector for the country if all key stakeholders collaborate to grow the sub sector to meet the increasing global demand for sustainable palm oil. Speaking at the Tropical Forest Alliance 2020 Palm Oil Initiative Ghana Country Workshop held at the Best Western Hotel in Accra, he said the palm oil sector currently employs over 300,000 people in Ghana and must...
(Spy Ghana 07/29/15)
Oil companies operating on the Jubilee Field have given the assurance that supply of gas from the FPSO will resume by the middle of August. It follows completion of works on the compressor: equipment used in extracting gas from the Jubilee Field to the Atuabo gas processing plant. The shutdown of the facility compounded the current power crises which has resulted in an intensified load shedding program. But speaking after visiting the FPSO, Petroleum Minister, Emmanuel Armah Kofi Buah confirmed...
(Ghana Web 07/29/15)
The Ghana Chamber of Telecommunications has welcomed the Bank of Ghana’s new E-Money Issuers Guidelines and Agent Guidelines saying “they are comprehensive, conform to international best practices and reflect the inputs of all key stakeholders”. According to the chamber, the new guidelines would promote financial inclusion without risk to financial system; extend financial services beyond traditional channels; and enhance the government’s agenda to reduce the informal sector as Mobile Money expands the BoG’s and MoF’s visibility of financial transactions within...
(Spy Ghana 07/29/15)
Government is to set up modalities to compel shipping companies to introduce a training regime which ensures that their local staff gain professional qualifications in shipping. “Maintenance of professional standards in the maritime industry has been one of the hallmarks of the Institute of Chartered Shipbrokers (ICS), over the 100 years of its existence. “In our part of the world, this essential ingredient is often times not exhibited as is expected, therefore Ghana is considering a policy to inject professionalism...
(Ghana Web 07/28/15)
Minister of Finance and Economic Planning Seth Terkper has described as sustainable Ghana's ballooning public debt which has risen from nine billion cedis to 90 billion cedis in seven years. Ghana's public debt has risen from nine billion cedis to 90 billion as of May this year - a rate economic analysts and opposition politicians say is simply unsustainable. But the Finance Minister has parried the criticisms, saying the loans taken thus far have been invested into commercial projects that...
(Ghana Web 07/28/15)
Petroleum product dealers can take part of the blame for not allowing consumers to enjoy the full benefits when prices go down on the world market, but the real ‘killer’ for the consumer, critics say, are the countless taxes and levies government slaps on the products. The African Centre for Energy Policy (ACEP) wonders, for example, what a TOR debt-recovery levy would still be doing on the fuel price build-up after so much money has been collected; or why the...
(Spy Ghana 07/28/15)
Two people have been confirmed dead after inhaling excessive fumes coming from a generator set. They are Amama Iddrisu, 30 years old mother, and her daughter three-year-old Aisha Iddrisu. The two were part of a five member family who went to sleep with a generator set on. The other three members who also inhaled the fumes have been hospitalized at the Manhyia Government Hospital and being monitored closely by the medical officers. They are Baby Umar, five months; Rabo Baba,...
(Ghana Web 07/28/15)
Some cocoa farmers in the Ashanti Region have begun cutting down diseased trees for lack of chemicals to spray their farms. The development comes in the in the wake of widespread reports of diversion and stealing of chemicals meant for mass cocoa spraying. A 500- member Joint Cocoa Farmers Association in the Ahafo Ano South and the Atwima Nwabiagya South Districts warns of massive destruction if government fails to act to save the industry. The farmers’ concern confirms an investigative...
(Vibe Ghana 07/28/15)
Government is to set up modalities to compel shipping companies to introduce a training regime which ensures that their local staff gain professional qualifications in shipping. “Maintenance of professional standards in the maritime industry has been one of the hallmarks of the Institute of Chartered Shipbrokers (ICS), over the 100 years of its existence. “In our part of the world, this essential ingredient is often times not exhibited as is expected, therefore Ghana is considering a policy to inject professionalism...
(Ghana Web 07/27/15)
Ghana Post Company Limited intends to enhance its services in Africa and beyond through a project under the African Postal Financial Services Initiative (APFSI). The main objective of the company is to reduce the cost and time involved in sending remittances on the African continent and beyond. According to Samuel Adu-Boafo, Acting Managing Director of Ghana Post, the project would boost the services offered by Ghana Post in rural areas, as well as other countries. Speaking at an event to...
(Ghana Web 07/27/15)
The Federal Government said it would soon reduce its import of refined petroleum products as two of its key refineries in Warri and Kaduna are set to bridge the demand gap in local consump­tion. Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, who dropped the hint at a briefing at the bank’s headquar­ters shortly after the July Mone­tary Policy Meeting in Abuja Fri­day said the resuscitation of the two refineries followed a series of meetings between the...
(Business Ghana 07/27/15)
Vodafone Ghana is consolidating its leadership in the 'Machine-2-Machine' technology space in Ghana. The concept, which has been touted as the new frontier of global telecommunications, is transforming the world of work and economic development across the globe. Currently about 21- million Vodafone M2M SIMs are connecting assets in various industries in the world. Recently an independent study by Analysys Mason in some of the world's biggest telecom companies revealed Vodafone Group as the best Machine to Machine (M2M) service...
(Spy Ghana 07/24/15)
Government has put in place the relevant policy and legal frameworks to regulate the activities of the mining sector to maximise the benefits from the exploitation of natural resources. Nii Osah Mills, Minister of Lands and Natural Resources said government had also adopted the improved resource governance initiative through the approved internationally accepted operating standards; such as the Voluntary Principles (VPs) VPs, Extractive Industry Transparency Initiatives and the Open Governance Partnership. Nii Mills was speaking on Thursday at a multi-stakeholder workshop in Accra on the VPs on Security and Human Right, a set of principles designed to guide companies in maintaining the safety and security
(Ghana Web 07/24/15)
AFB Ghana Plc, has officially listed its bonds on the Ghana Alternative Market (GAX), becoming the second after IZWE Loans to list bonds on the GAX; a move which the Deputy Finance Minister describes as a landmark development in Ghana’s corporate bond development. Trading has thus commenced on AFB Ghana PLC’s debt securities, made up of new notes: AFB 100, AFB200, AFB300 and existing Notes S7, S14 to S22 on the Ghana Alternative Market. The Ghana Stock Exchange (GSE) introduced...
(Spy Ghana 07/24/15)
The Managing Director of Cheki Ghana .Com Eric Twum Amoako is appealing to the Government of Ghana to consider the figures in the Cedi Depreciation than focusing on the payment of import duties and taxations. cedis_50Mr. Eric said this will help business entities in the long term planning and the development of the country since the cedi depreciations remains a major problem to the state. Again and again import car are gradually becoming expensive for customers to purchase based on...
(Spy Ghana 07/24/15)
The Importers and Exporters Association of Ghana has appealed to Ghanaians to bear with importers as prices of imported goods would naturally fall as government put in the much anticipated measures to strengthen the cedi. In an interview with the Ghana News Agency in Tema, Mr Samsom Asaki, Executive Secretary, Importers and Exporters Association of Ghana, said all imported goods on the market were procured at the old dollar rate hence the difficulty of importers to reduce prices to reflect...
(Voice of America 07/24/15)
An African Union (AU) official said President Barack Obama’s visit to Kenya and Ethiopia is good news for the continent, and East Africa in particular. AU Commission deputy chairperson Erastus Mwencha said in addition to Obama coming to see his extended family, the president is also coming on a business trip - he’s being accompanied by over a thousand business executives who will take part in a global business summit. He said Africa is looking for ways to strengthen economic...
(Xinhuanet 07/23/15)
The government of Ghana will issue a 1.5 billion dollars Eurobond later this year, Minister of Finance Seth Emmanuel Terkper told parliament here on Tuesday. The bond will be raised with a World Bank Policy Based Guarantee (PBG) of 400 million dollars, which is another sub-Saharan Africa initiative, and first for the nation. This was contained in the 2015 revised budget estimates presented to parliament by the minister that seeks to raise additional resources of 271.18 million dollars to fund...

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(Ghana Web 07/29/15)
Swansea forward Andre Ayew says he is eagerly waiting to play against his brother, Jordan, who has just completed a move to Atson Villa. Jordan played his first game for Villa on Tuesday evening after coming on as a substitute in the 2-2 pre-season friendly draw with Wolves. The 23-year-old had only completed his five-year move from Lorient 24 hours earlier before being named on the bench by manager Tim Sherwood for Tuesday’s friendly. Jordan’s move means he will once more again be playing in the same league as his senior brother Andre who had joined Swansea earlier in the summer. Andre is already buzzing with excitement ahead of the possible showdown with his brother...
(Ghana Web 07/29/15)
Ghana international Sulley Muntari says the Black Stars’ inability to win trophies is not spiritual, insisting that the team is technically good enough to dominate the continent. The 30-year-old midfielder, who signed for Saudi Arabian club Al-Ittihad Jeddah this week, refutes the belief by some Ghanaians that the Black Stars could be a jinxed team. “Ghana national team problems are not spiritual. We have got some good players in the team. We are one of the best in Africa. I still don’t understand why people say the team’s problems are spiritual,” Muntari told Starr FM. “I think the right things are not being done. We lack organisation. The administration of our football is not efficient.” Ghana came close to winning...
(Vibe Ghana 07/28/15)
Ghana’s Jordan Ayew is set to join the English Premiership after his French side, Lorient was said to have accepted Aston Villa’s £12m bid for the striker. Ayew, 23, who joined Lorient from Olympique Marseille a season ago, is an admirer of the English Premier League. The striker joins the English League weeks after his senior brother; Andre joined Swansea City from Marseille. Ayew is rumoured to be Villa’s replacement for Christian Benteke, who was sold for a fee reportedly...
(Ghana Web 07/28/15)
Junior 800m Olympic gold medalist Martha Bissah has threatened to switch her nationality if prevailing circumstances that seem to be hampering her career persist, DAILY GUIDE SPORTS understands. Indications are that the young athlete is considering making herself available to any country that will accord her all the courtesies and the platform to excel. It has also come up that the failure on the part of Ghana Athletics Association (GAA) to make the necessary arrangements for three key international competitions...
(Ghana Web 07/23/15)
Former Chelsea midfielder Michael Essien has claimed that Jose Mourinho's best attribute as manager is his "big ego". The Ghanaian midfielder spent eight trophy-laden season in West London after being brought to the club by Mourinho in his first spell in charge. Essien has plenty of praise for his ex-boss, while also backing him to get the best out of new recruit Radamel Falcao, who struggled to make an impact at Manchester United last term. "We had a great group...
(BBC News Africa 07/16/15)
Ghana captain Asamoah Gyan has brushed aside suggestions he joined Shanghai SIPG purely for financial reasons. The 29-year-old, who previously spent four years with Al Ain in the United Arab Emirates, insists he wants to mark his mark on Chinese football. "I don't understand the criticism, I work hard for what I earn. I am focused on my job, "he told BBC Sport. "They play good football (in China). I will have to adapt to their style and take it...
(APA 07/13/15)
The 6-0 victory of Ghana’s female national Under-20 football team, Black Princesses on Monday received media attention, with both state-owned and private media allotting airwaves time and space to it. The Daily Graphic gave it a back-page banner, “Princesses hammer Senegal”, adding an action picture while the Ghanaian Times wrote, “Princesses whitewash Senegal”, publishing a picture of some Princesses players celebrating a goal. Other publications and radio discussions throughout the morning praised Masa-Ud Didi Dramani, the Princesses coach for leading...
(BBC News Africa 07/10/15)
Ghana's Asamoah Gyan has completed his move to Chinese Super League side Shanghai, managed by former England boss Sven-Goran Eriksson. The 29-year-old has joined from from Al Ain in the UAE on a two-year deal, after completing a routine medical. Exact terms of the deal were not disclosed but local media have reported the former Sunderland striker will earn in excess of US$250,000 per week. "I thank God for this special day, to my family, players and fans," he said...
(Ghana Web 07/09/15)
On behalf of Ghanaian Community in China, it is of great joy to welcome you BABY JET to the People Republic of China. We are delighted that you joined Shanghai SIPC because we believe it will boost the cordial relationship that exists between China and Ghana. Even though the community could not meet you at the Pudong Airport but were able to witness the rousing welcome that our compatriots gave you on your arrival. We are so excited and I...
(Gbc Ghana 07/09/15)
Ghana scaled nine places to 25th in the latest FIFA ranking released on Thursday for the month of July. Last month, the Black Stars slipped eight places to 34th position after defeats in the Cosafa Cup tournament. But a 1-0 win over Togo in a friendly and the 7-1 thrashing of Mauritius at home in the 2017 Africa Cup of Nations qualifiers have boosted the West Africans. Ghana are now third on the continent which is an improvement on the...
(Ghana Web 07/08/15)
The Black Terminators, Ghana’s National Kick Boxing team will come face to face with their counterparts from the United Kingdom in October this year. According to Switzerland based coach /fighter / promoter, Lawrence Nyanyo Nmai, all plans had been laid and his partners in Europe have agreed to come to Ghana in October to stage one of the biggest fights in Africa, dubbed Ghana Vrs UK. Lawrence Nyanyo Nmai who spoke to yours truly on telephone said there will bid...
(Spy Ghana 07/03/15)
Ghana winger Christian Atsu says he is already settling into his new club Bournemouth due to the immense support of the coaches. The 23-year-old has joined the Cherries on a season-long loan deal from giants Chelsea. This will be the third successive loan spell for the Ghana international since joining the Blues in 2013 from FC Porto. Atsu’s debut season in the Premiership failed to yield significant results as he struggled for regular first team action at Everton last term...
(Ghana Web 07/03/15)
U-20 World Cup winner, Andre Dede Ayew feels it is time to bring Stephen Appiah back to the Black Stars not as a player but a backroom staff and his presence will help the team to win the AFCON. Stephen Appiah became the first ever captain to send Ghana to its ‘first ever World cup in Germany 2006 and subsequently to South Africa 2010. He was a member of the managerial staff during the World Cup in Brazil 2014 when...
(Starrfmonline 07/03/15)
The football governing body of Egypt has denied ever inducing Ghana with $1 million bribe to fix a 2014 World Cup qualifier. One of Ghana’s FA officials Kofi Manu has alleged the North African country wanted to bribe the Ghana FA boss Kwesi Nyantakyi with the whopping sum for the West African nation to “throw the last match of the 2014 World Cup qualifier in favour of the Pharaohs.” “I’m not mincing words, I say Kwesi Nyantakyi had the opportunity...
(Caj News Africa 07/03/15)
Johannesburg — A number of countries that won their opening matches for the CAF 2017 African Nations Championship (CHAN) are tipped to progress to the next stage while others face an uphill task. Among the highlights of the preliminary rounds is an East African Derby pitting Kenya and Ethiopia with the former expected to sail through after an impressive 2-0 away win in Addis Ababa in the first leg two weeks ago. Down south, Bafana Bafana , as South Africa...
(Gbc Ghana 07/02/15)
Accra Hearts of oak on Wednesday beat Kotoko 5-4 on penalties after a goalless game in regulation time to win the 2015 President's Cup trophy. Before kickoff, Hearts of Oak were the most successful club in the President’s Cup history with three titles. Now, after Wednesday's win, they have four. Kotoko and Berekum Chelsea have won the competition twice each. Togolese international Foovi Aguidi scored the decisive kick to hand Hearts an unprecedented fourth President's Cup trophy. Kotoko's Michael Akuffo...
(Star Africa 07/02/15)
After terminating his contract with AC Milan, Sulley Muntari, could be on his way back to the Premier League after he played for Portsmouth in 2007-08 and on loan at Sunderland in 2011. According to Fanta Gazzetta, English Premier League side Everton are in talks with the 30-year-old to strengthen up their midfield. Muntari has also received offers from few MLS sides alongside the opportunity to finish his career in the UAE or Qatar. Muntari sruggled to get in AC...
(Gbc Ghana 06/30/15)
Preparations began for the 2015-16 Barclays Premier League campaign as the Swans returned for pre-season training at Landore. New signings Andre Dede Ayew and Franck Tabanou have joined up with their new Swans teammates, where Garry Monk’s side yesterday underwent a series of fitness tests ahead of a busy pre-season schedule. The Swans are set to embark on a pre-season training camp in Germany in July, where they will face Bundesliga outfit Borussia Monchengladbach and German second tier side 1860...
(Starrfmonline 06/30/15)
Ghanaian-born former Dutch international George Boateng has hinted at a possible takeover of the coaching role with the Black Stars in future. The midfielder over the weekend returned to Ghana to grace Stephen Appiah’s testimonial match at the Accra Sports Stadium. The 39-year-old early this year parted ways with Malaysian outfit Kelantan FA as a coach after retiring from active football. He also had stints with English Premier sides Middlesborough, Aston Villa, Hull City and Nottingham Forest. Boateng told Starr...
(Ghana Web 06/30/15)
Renowned British Grandmaster and a former world title contender, Nigel Short, is scheduled to visit the country next Tuesday to open the President’s Cup Championship slated for July 1 at the Accra Sports Stadium. According to the Ghana Chess Association (GCA), Mr Short was invited to give a public lecture on the sport and also host a clinic for both professional and amateur players in the country. He is also due to present 600 chess sets to the GCA on...

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(Starrfmonline 07/29/15)
The Musicians Union of Ghana (MUSIGA) has announced that it is preparing to go to the polls in October 29 this year. According to MUSIGA, members who are not literate in English are disqualified from filing nominations to contest for positions in the union. About 150 delegates will converge at the Eastern regional capital, Koforidua, on October 29 to either retain current president Bice Osei Kuffour (Obour) or elect a new one. They will also elect executives to steer the affairs of the most powerful musicians’ body in the country. Ahead of the showdown, MUSIGA has, in a statement, spelt out the rules of engagement for persons interested in leading the body. Other qualifications required,...
(Citifmonline 07/29/15)
The Ghana Dance Festival has been launched in Accra to promote the country’s cultural heritage in the form of dance. The annual dance festival will help develop the dance industry through workshops, career development activities, exhibitions and competitions. The launch was attended by various dance groups like the Liturgy Dance Group, Ghana Dance Company, Apex Ballroom Dancing Club and Unosalsa Dance Group. The festival also seeks to foster the right partnerships that could help shape up dancers and the industry at large and also to unite dancers and provide them with an annual mouth piece for expression. The Chief Executive Officer of Creative Dance in Motion (Ca-im), Robert Clark, said one of the shortest ways for happiness is through dance...
(Vibe Ghana 07/28/15)
Afia SchwarzeneggerIn the world of radio and TV star, Afia Schwarzenegger, having a happy family and building a successful career always have greater meaning and appeal than great looks. Noted for her strong and witty character on set and a tendency to say whatever she wants, including occasionally ridiculing people on her shows, it may come as a big surprise that she cares very little about her looks. In fact, the Kasapa FM presenter and actress admits she doesn’t have...
(Spy Ghana 07/28/15)
Awww! This is so lovely… Nollywood actors, Ramsey Nouah and actress Rita Dominic couldn’t take their hands off each other as they posed for personal photographs recently. The two are among several other African entertainers across the continent who are presently in South-Africa for the Africa International Film Festival. The pair shared a photo that showed them cuddling mildly. Source: SPARKNAIJA.COM
(APA 07/28/15)
A section of the Ghanaian media on Tuesday focused attention on the agitation by junior doctors for their unpaid salaries accumulating for over 11 months now. The Ghanaian Times published a picture of the leader of the doctors, Dr. Attafuah Kissi walking with Ghana’s Employment and Labour Relations Minister, with a caption, “Gov’t, Junior doctors strike deal.” The Finder said, “Govt to pay Junior doctors tomorrow” and the Daily Guide, “Junior doctors wild over pay”, publishing a picture of the...
(Spy Ghana 07/23/15)
Patoranking just took to Instagram to reveal his MWME (My Woman My Everything), and we were shocked by who it was. He posted the photo above as well. The reggae-dancehall singer has revealed Ghanian actress, Joselyn Dumas to be his woman and everything, if we’re to go by his post. We guess Joselyn Dumas going to the 2015 MAMAs hosted in South Africa, was also because of Patoranking, who won the Best New Act award at the event, beating Stonebwoy...
(Gbc Ghana 07/22/15)
Gospel music sensation Obaapa Christy has advised up-and-coming musicians to be patient and have faith in God. This according to her is the only way to attaining greater heights in their chosen field of endeavour. She made these remarks earlier in an interview on GTV.
(Ghana Web 07/22/15)
Today, Safe Water Network (safewaternetwork.org) announced their summer benefit concert on July 23 at the Fairfield Theatre Company in Fairfield, CT. Sponsored by Joanne Woodward-Newman and celebrating the philanthropic legacy of Safe Water Network founder Paul Newman, the benefit will directly fund access to safe drinking water in Ghana and feature the massively popular Ghanaian reggae singer Samini, performing with a full band from Ghana. Bringing together the transformative power of music and life-changing access to safe water, this benefit...
(Gbc Ghana 07/16/15)
An Educationist, Anis Haffar, has asked Ghanaian Tertiary Institutions to develop local journals for publishing research works, instead of waiting for foreign ones to determine their strengths and weaknesses. Mr. Haffar says the evidence on the ground shows that there is much to write about by the academia to deepen knowledge. His comments follow a publication by a research institution called "The Higher Education", which currently publishes the top ten universities of the continent. None of the universities in Ghana...
(The Associated Press 07/13/15)
Babajide Olatunji sold his first portrait for about $7. Seven years later, his charcoal renderings of faces with tribal markings sell for thousands of dollars. This 24-year-old's success is part of a new global recognition of the value of contemporary African art. "It's the new 'Scramble for Africa,' no longer for land, gold or diamonds, but for art," said Giles Peppiatt, who holds the only auctions of modern African art outside the continent, at Bonham's in London. "It's a rather...
(Gbc Ghana 07/09/15)
The 13th Ghana International Book Fair (GIBF) has been launched in Accra by the Second Lady, Mrs Matilda Amissah-Arthur. Themed “Professional Book Publishing and E-Services: A resources for national development” it is scheduled to take place from November 3rd to 7th, 2015. Speaking at the launch, Mrs Amissah-Arthur re-echoed the need for the publishing industry to take advantage of the trending electronic books to enable them compete with their counterparts internationally. She said with the advent of computers and technologies,...
(Starrfmonline 07/03/15)
Just The Law with television princess, Naa Ashorkor Mensah-Doku, is an all-new refreshing, exciting and educative TV show which seeks to demystify the law and educate the viewer on legal issues. Set to premiere on Viasat One on Sunday July 5, the April Communications production will answer all law related questions and more on Television. “The Show hosts brilliant and celebrated lawyers who provide learned insight in the simplest possible way. The law has never been this fun,” said host,...
(Spy Ghana 07/03/15)
Nigeria’s Pronation Music recording artiste Donald Nelson a.k.a Donni has released his second single titled ”My Sweet Lady”. #MSL Donni - My Sweet Lady “My Sweet Lady” is a love song where Donni showers his love with compliments, assures her that he will not mistreat her and affirm his love to her. The love song gives Ghanaian fans a dose of the ”Sapele Boss’s Afrobeats music treat”. Donni is also currently on tour in South Africa giving his South African...
(Ghana Web 06/30/15)
GH One presenter Amanda Jissih seems to be in trouble. The TV presenter on her Facebook page did not give out much information but the sorrows she goes through when she is alone. The E-Talk entertainment show host on Saturday afternoon shared some of the bad times she has been through for the past months. According to her “I’ve been in a relationship with pain, sadness, bitterness for far too long. “You wont understand this at all. I quit always...
(Spy Ghana 06/29/15)
On Saturday 27th June 2015 at the maiden edition of Golden Movie Awards Africa, they were honoured for their impressive contributions to the film industry, at the State Banquet House ,Accra. Nigerian movies 30 Days In Atlanta and Knocking On Heaven’s Door and Ghanaian movies including Devil In the Details, and Made In Agege were the biggest winners at the 2015 Golden Movie Awards. Knocking on Heaven’s Door won the Best Film nod while Devil in The Details bagged the...
(Spy Ghana 06/29/15)
From Left to Right : Samir JahJah, IMF’s resident representative for Ghana,Deputy Minister of Finance Hon. Cassiel Ato Forson,Mathieu Robbins and James Jukwey- Thomson Reuters foundation The Deputy Minister of Finance, Ghana Hon. Cassiel Ato Forson has said that training of journalists to enhance efficiency and accuracy in reporting economic issues is very critical to enabling citizen participation in the economic development process. He was speaking at the opening ceremony of a two day workshop scheduled for the June 25th,...
(Vanguard 06/25/15)
Grammy Award winning R&B icon, NE-YO, has been announced to perform at the MTV Africa Music Awards 2015. Performing songs from his sixth studio album 'Non Fiction' the singer-songwriter expressed his excitement about his first ever performance in the South African city, "I can't wait for you to see what I have in store Durban! I hope you're ready, because I am!" Since smashing onto the top spot of the Billboard Hot 200 Chart back in 2006 with his sophomore...
(Ghana Web 06/24/15)
Elikem Kumordzie and Zimbabwean, Pokello Nare, could have their white wedding in Ghana in six months time. Elikem, who married Pokello over the weekend, in an interview on Airtel Entertainment News on Drive Time on Joy FM dropped the hint about the wedding, Tuesday. The Big Brother Africa lovebirds had their traditional wedding in Zimbabwe Saturday after dating for two years. Asked when the white wedding will be held, the Ghanaian actor and fashion designer said they are not in...
(Starrfmonline 06/23/15)
Growing up in Ghana, there was not much to watch. Programs like By The Fire Side, Akan Drama, Fun Times were our only option. TV was boring and there were not much local movies for consumption. But these stars you are about to see stood up and made the 90’s and 2000’s worth living with their awesome talents and the movies they worked on. Before the John Dumelo’s and Yvonne Nelson’s, they were the real deal in acting. Brew Riverson...
(Spy Ghana 06/15/15)
Mix MaxtaGarzy cooks up some contemporary Highlife instrumental for the duo Keche on their new single ‘Shame On You’. This song is their second release in 2015 after dropping ‘In His Time’, the group’s first ever gospel tune. Keche has also recorded songs with Edem and Sarkodie for their sophomore album which will be launched somewhere in October. In 2011, the duo released their widely acclaimed debut ‘Pressure’ album with hits like ‘Sokode’, Aluguntugui& ‘Pressure’. The upcoming album under GB...

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(BBC News Africa 07/29/15)
When Barack Obama stepped off Air Force One in Kenya it felt like a moment of affirmation and an opportunity to use the US president's words to "call on the world to change its approach to Africa". As a continent, it depends less on aid now than it did in the past. Instead many countries which make up Africa are increasingly being seen as a global partner, not a minority shareholder in generating wealth, fighting terrorism and climate change. Mr Obama made it clear that such a partnership demanded recognition, dignity and respect. He argued that, in return, African nations needed to embrace the principles of equality, meritocracy and opportunity for all. Even if at...
(Voice of America 07/28/15)
President Barack Obama is closing his East African trip Tuesday, becoming the first sitting American leader to address the African Union headquarters in the Ethiopian capital. His remarks at the AU headquarters in Addis Ababa follow a meeting with AU Commission chair Nkosazana Dlamini Zuma and a tour of a food processing factory. Obama met Monday with Ethiopian Prime Minister Hailemariam Desalegn for what he called "frank discussions" that included urging the government to allow journalists and opposition parties to operate more freely. He said creating space for those voices "will strengthen rather than inhibit" the ruling party's agenda. Hailemariam said Ethiopia is committed to improving human rights and governance. "Our commitment to democracy is real, not skin deep," he...
(The Christian Science Monitor 07/27/15)
President Obama pledged $1 billion to support entrepreneurship projects worldwide, with half earmarked for women and youth. President Barack Obama has announced the expansion of entrepreneurial centers in Africa that will benefit 1,600 women entrepreneurs. These community centers, offering resources, education, and training, are expected to create 7,194 new jobs and 630 certified female mentors by October 2016, according to the State Department. Speaking on Saturday at the sixth annual Global Entrepreneurship Summit in Nairobi, Kenya, the president announced a...
(Voice of America 07/24/15)
An African Union (AU) official said President Barack Obama’s visit to Kenya and Ethiopia is good news for the continent, and East Africa in particular. AU Commission deputy chairperson Erastus Mwencha said in addition to Obama coming to see his extended family, the president is also coming on a business trip - he’s being accompanied by over a thousand business executives who will take part in a global business summit. He said Africa is looking for ways to strengthen economic...
(CNN 07/23/15)
President Barack Obama's arrival this week in Kenya will be an emotional and historic moment. His visit to the land of his father's birth will be a celebration of the growing ties between African nations and the United States. Meanwhile, Americans and Africans are today being drawn together as never before by our common fight against poverty and conflict, by the threat of terrorism, and most of all by exciting new economic possibilities. But instead of a victory lap for...
(Irish Independent 07/21/15)
In a stock exchange announcement, the Irish-led FTSE 250 firm said it has a problem with how it stores gas at its Jubilee Field of the coast of Ghana. As a result of that problem, oil production has been "constrained" to 65.000 barrels per day (BOPD). That announcement sparked a fresh sell-off in Tullow, sending the battered share price down as low as 262.5 pence in London - its lowest level since January 2006. Companies usually produce natural gas as...
(The Africa Report 07/21/15)
Ghanaian President John Dramani Mahama faced embarrassment and had his commitment to a campaign to promote local products and businesses questioned after his government procured office equipment from China instead of locally. Mahama's has been campaigning vigorously for Ghanaians to grow and consume home-made products to stir up local demand and help small and medium enterprises to expand and create jobs for the teeming unemployed youth. However, Mahama's government commitment to the campaign was questioned after 300 chairs and tables...
(Bloomberg 07/21/15)
Ghana revised its target for the budget deficit this year to 7.3 percent of gross domestic product, wider than the initial estimate of 6.5 percent. The forecast for government revenue and total grants was reduced to 30.5 billion ($9.2 billion) from 32.4 billion, Minister of Finance Seth Terkper said, according to a copy of his prepared remarks to Parliament. Spending was revised lower to 40.3 billion cedis from 41.2 billion cedis. The initial estimates were made in November. The fiscal...
(CNN 07/18/15)
In Africa, tea is big business. From the year-round plantations in Kenya to the centuries-old bushes in Malawi, the continent has a rich and growing tradition when it comes to crafting the perfect brew. We look at some of the biggest tea-producing countries in the continent, and explore what makes their blend quite so special. Kenya Kenya isn't only the largest tea producer in Africa, it's one of the biggest exporters in the world. While the country trails behind China...
(BBC News Africa 07/16/15)
Ghana captain Asamoah Gyan has brushed aside suggestions he joined Shanghai SIPG purely for financial reasons. The 29-year-old, who previously spent four years with Al Ain in the United Arab Emirates, insists he wants to mark his mark on Chinese football. "I don't understand the criticism, I work hard for what I earn. I am focused on my job, "he told BBC Sport. "They play good football (in China). I will have to adapt to their style and take it...
(Financial Times 07/15/15)
Moves to stabilise and diversify Ghana’s economy will sustain the recent gains in its currency prompted by a surge in cocoa exports and foreign aid inflows, according to the country’s finance minister. The cedi was Africa’s worst performing currency in 2014 and lost a quarter of its value between January and June this year, but has risen 23 per cent this month alone. Seth Terkper said in an interview with the Financial Times that the gains were primarily “seasonal” and...
(Bloomberg 07/15/15)
Ghana’s central bank will probably keep its benchmark interest rate unchanged on Wednesday as the currency recouped almost all of its losses this year, giving policy makers some breathing space. The Monetary Policy Committee, led by Governor Kofi Wampah, is set to leave the rate at 22 percent, according to all seven economists surveyed by Bloomberg. The decision will be announced at a press conference scheduled for 11 a.m. local time in the capital, Accra. The cedi has surged 25...
(Bloomberg 07/13/15)
Ghana is considering using currency swaps to help stabilize the cedi, which has surged 22 percent against the dollar in less than two weeks. The Ministry of Finance has begun talks with the Bank of Ghana about the contracts, Minister of Finance Seth Terkper said in an interview in the capital, Accra, on Friday. The cedi will probably continue its advance and then stabilize, he said. “We will not be complacent about the currency’s gains,” Terkper said. “We are also...
(Financial Times 07/13/15)
Her brow glistening with sweat after a morning of hard work on her land, 65-year-old cocoa farmer Felicia Mensah of Ghana does not know who will harvest the cocoa pods that will in about four years’ time begin springing from the tree she has just planted. “When I die, it’s on her to decide whether to farm or not,” she says, pointing to her daughter Ruth, 28, a student at a polytechnic college in one of Ghana’s biggest cities who...
(Bloomberg 07/10/15)
MainOne Cable Co., which operates an undersea cable connecting West Africa, plans to raise $300 million to expand Internet services and connectivity in Nigeria and the wider region. The funding may come from additional shareholder equity, loans or through a bond sale within the next five years, Chief Executive Officer Funke Opeke said in a July 7 interview in Lagos, Nigeria’s commercial capital. The company, which has already invested $300 million in the past five years, will expand its data centers and submarine cable infrastructure in Cameroon, Ghana, Ivory Coast and Nigeria as more companies move “their business model online,” Opeke said. Companies are tapping Nigeria’s
(BBC News Africa 07/10/15)
Ghana's Asamoah Gyan has completed his move to Chinese Super League side Shanghai, managed by former England boss Sven-Goran Eriksson. The 29-year-old has joined from from Al Ain in the UAE on a two-year deal, after completing a routine medical. Exact terms of the deal were not disclosed but local media have reported the former Sunderland striker will earn in excess of US$250,000 per week. "I thank God for this special day, to my family, players and fans," he said...
(Financial Times 07/09/15)
Ghana’s president has blamed the country’s economic malaise on government overspending just as the bottom fell out of the market for its main commodity exports. John Mahama said “wage overruns” — a reference to public sector salaries that accounted for 72 per cent of government expenditure in 2012 — and huge energy subsidy bills fuelled the fiscal deficits that crippled Ghana’s economy. The country was Africa’s fastest-growing economy as recently as 2011. “It [the fiscal crisis] was created by a...
(Bloomberg 07/09/15)
Ghana’s cedi advanced the most against the dollar since February as speculation increased that dollar inflows will improve after the government sells its Eurobond. The currency rose as much as 11 percent to 3.49 per dollar earlier and was trading at 3.55 at 1:33 p.m. in the capital, Accra. The currency has gained 23 percent since the International Monetary Fund said the government was on track to meet its budget deficit target on June 30. “A lot of importers believe...
(Financial Times 07/09/15)
Cocoa output from Ghana could recover to 850,000-900,000 tonnes next season after the disastrous 2014-15 crop year, says the country’s industry regulator. The provisional forecast was between 850,000-900,000 tonnes, said Francis Kofi Oppong, deputy chief executive of the Ghana Cocoa Board. “If the weather is favourable, it’s a bounceback [from this year],” he added. Late application of fertiliser and unseasonal rains coupled with extreme dryness have been blamed for the fall in this season’s crop to 700,000 tonnes against the...
(The Africa Report 07/08/15)
State-run Ghana Gas Company has shut down its Atuabo gas processing plant due to an unexpected disruption of gas supplies from the offshore Jubilee field operated by Tullow Oil, the plant's director said on Tuesday. Gas supplies were cut on July 3 and there was no indication when they would resume, said George Yankey. According to him Tullow had informed the plant of the disruption on its floating production vessel. "Our plant and other systems are in good health but...

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