| Africatime
Sunday 22 January 2017
(Reuters (Eng) 01/21/17)
Ghana's new government plans to review its $918 million programme with the International Monetary Fund because it may need more money for its spending plans, a minister-designate said on Friday. The three-year programme, signed by the previous government in April 2015, imposes strict targets for revenue collection and spending. It aims to reduce inflation, the public debt and the budget deficit and restore rapid growth to Ghana's economy. President Nana Akufo-Addo won December's election in part by promising voters he would give the equivalent of $1 million to each constituency per year for development, build a dam in every village and a factory in every district while cutting taxes. "It (the IMF programme) must be...
(Citifmonline 01/21/17)
Ghana’s total debt stock has reached 119.9 billion cedis as at November 2016, figures from the Bank of Ghana have shown. The debt also represents 71.9 percent of the country’s Gross Domestic Product (GDP). According to the Bank of Ghana’s Economic and Financial Data, the country’s debt ballooned from 112.3 billion cedis in September 2016 to the current figure. By this, Ghana added 7.6 billion cedis to its debt stock in October and November 2016. Of the debt, the domestic component amounted to 53.9 billion cedis accounted for 32.3 percent of GDP. Also, the external component amounted to 66 billion cedis and accounting for 39.6 percent of GDP. The development comes at a time that some economic watchers have criticized...
(AFP (eng) 01/20/17)
Ghana can secure a place in the quarter-finals of the Africa Cup of Nations with a group game to spare if they beat Mali in Group D in Port-Gentil on Saturday. Avram Grant's side, beaten on penalties by the Ivory Coast in the 2015 final, set themselves up nicely in this year's tournament by edging out Uganda 1-0 courtesy of an Andre Ayew spot-kick in their opening match on Tuesday. It was not a vintage performance from the Black Stars...
(AFP (eng) 01/20/17)
Ghana defender Abdul Rahman Baba has left the team's Africa Cup of Nations base in Port-Gentil and faces a potentially lengthy absence after suffering a serious-looking knee injury against Uganda on Tuesday. The 22-year-old left-back was forced off in the first half of the Black Stars' opening Group D game in Port-Gentil, which they won 1-0 thanks to an Andre Ayew penalty. A Ghana FA statement on Thursday confirmed the player, who is currently on loan at Bundesliga side Schalke...
(Voice of America 01/20/17)
By most measures, Africa is safer today than it has been in the modern era: Diseases are less deadly and wars are less frequent. But recent years have also been marked by a rise in radical extremism on the continent, and the terror threat could derail some of the world's fastest-growing economies. Dealing with the spread of radicalization has been a central focus of U.S. President Barack Obama's foreign policy during his time in office. Few areas have been spared...
(AFP (eng) 01/19/17)
Ghana's new president has announced he is sending 205 soldiers to The Gambia as part of a regional force to enforce the result of the country's disputed election. Nana Akufo-Addo said in a statement late Wednesday that he had "approved and authorised the deployment of a combat team of 205 troops, backed with the appropriate logistical equipment". Nigeria on Thursday said it was contributing 200 soldiers and air assets, including fighter jets, to the regional force while Senegal, The Gambia's neighbour, said its troops were "on alert". Opposition candidate Adama Barrow won the December 1 election and was due to take office on Thursday.
(Ghana Web 01/19/17)
The International Tribunal sitting on the case between Ghana and Cote d’Ivoire will determine the case before the end of 2017. A press release issued on the ITLOS website said the date was fixed after Ghana and Cote d’Ivoire had filed their memorials and responses, respectively. The statement indicated that preliminary issues on whether or not Ghana should be stopped from all activities at the disputed area were resolved in April 2015. The dispute was submitted by way of a...
(Ghana Web 01/19/17)
Officials of the Casablanca Stock Exchange have commenced discussions with their Ghanaian counterpart to harmonize the operations between the two markets. This is to ensure traders on both sides get access to each other’s market. A business delegation from Morocco is already in Ghana to initiate moves to sign a memorandum of understanding with the Ghana Securities and Exchange Commission to that effect Chief Executive of the Casablanca Stock Exchange, Karim Hajji explains that trade barriers have accounted for their...
(Reuters (Eng) 01/19/17)
Ghana is sending 205 combat troops to Gambia for the regional mission aiming to deploy if President Yahya Jammeh does not step aside when his mandate ends at midnight, President Nana Akufo-Addo said in a statement on Wednesday. "The objective is to create an enabling environment ... (to) facilitate the inauguration of the President-Elect, Adama Barrow, on Thursday, January 19, 2017," Akufo-Addo said, referring to the winner of December's election. Nigeria and Senegal have also deployed soldiers to the force.
(Graphic Online 01/19/17)
Ghana needs new, bold and systematic policies capable of bringing about fundamental changes to the economy, the Executive Director of the Institute for Fiscal Studies (IFS), Professor Newman Kwadwo Kusi, has stated. According to him, Ghana cannot produce different results based on the same past incremental policy changes. He said the country’s over-dependence on the export of primary commodities, notably cocoa, timber, gold and, recently, oil, was a continuation of the over 60-year-old colonial economic structure, adding: “Exporting these commodities...
(Graphic Online 01/18/17)
The Israeli Ambassador to Ghana, Mr Ami Mehl, has lauded Ghana for the peaceful and successful conduct of the December 7, 2016 elections. Speaking during a courtesy call on the Speaker of Parliament, Professor Michael Aaron Oquaye, yesterday, Mr Mehl said the successful conduct of the elections had further boosted Ghana’s image as the beacon of democracy in the eyes of the international community. He assured Ghana of the commitment of Israel to assist the country to deepen its democratisation process. Besides, he said, Israel was ready to support Ghana in agriculture and other
(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...
(Ghana Web 01/18/17)
Hearing of the dispute concerning the delimitation of the maritime boundary dispute between Ghana and Côte d'Ivoire in the Atlantic Ocean has been scheduled for hearing from February 6 to 16, 2017. The President of the Special Chamber constituted to deal with the dispute, Judge Boualem Bouguetaia, will preside over the hearing. Other members of the panel are judges Rüdiger Wolfrum of Germany and Jin-Hyun Paik of the Republic of Korea. Ad hoc judges Thomas Mensah, Ghana, and Ronny Abraham,...
(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...
(Xinhuanet 01/18/17)
The Chinese government's decision to terminate ivory processing and trade by the end of 2017 marked a critical milestone in the journey toward eliminating poaching and other threats to Africa's elephant species, a conservationist group said on Wednesday. Kaddu Sebunya, president of African Wildlife Foundation (AWF) hailed China for taking bold measures to revitalize global efforts to save African elephants whose numbers had declined this decade due to poaching and climatic stresses. "The recent announcement by the central government of...
(AFP (eng) 01/17/17)
Andre Ayew converted a first-half penalty as Ghana started their latest bid to reclaim the Africa Cup of Nations title with a hard-earned 1-0 victory against Uganda on Tuesday. The West Ham United star's 32nd-minute spot-kick was all that separated the sides on an awful pitch in Port-Gentil as Ghana withstood Ugandan pressure in the second half and ended their recent poor record against the Cranes. The Black Stars, who have not won the continental title since 1982 and lost...
(New Vision 01/17/17)
“I can tell you that rats destroy up to 60% of health equipment in Africa,” Ssali said. Ssali sought to highlight the dangers that exist when biomedical engineers are not consulted in the management of health equipment including x-rays and CT scans. For instance, he narrated, cables of a CT scan installed at one unnamed facility were eaten up by rats, costing the institution over $5,000 to replace. Biomedical engineers are professionals who maintain and repair machines for diagnosing medical...
(Reuters (Eng) 01/16/17)
Britain's credit export agency, UK Export Finance (UKEF), signed its first direct loan deal in Africa on Monday, providing $310 million to GE Oil & Gas to supply equipment for an oil and gas project in Ghana. UKEF's loan and credit facility is part of a wider $1.35 billion financing for the Offshore Cape Three Points (OCTP) project, developed by Eni, Vitol Ghana Upstream and the Ghana National Petroleum Corporation. The $7.9 billion project will tap offshore oil and gas resources and provide fuel for gas-fired power plants in Ghana. Oil and gas production from the project is expected to peak at 80,000 barrels of oil
(AFP (eng) 01/16/17)
Runners-up two years ago, Ghana start their latest bid to recapture the Africa Cup of Nations crown when they face Uganda in Port-Gentil in Group D on Tuesday. The Black Stars are in Gabon looking to win a fifth Cup of Nations but a first since 1982, and Israeli Avram Grant remains at the helm after leading them to a defeat on penalties against the Ivory Coast in the 2015 final in Equatorial Guinea. Ghana arrived in the port city...
(AFP (eng) 01/16/17)
It is 35 years since Ghana won the Africa Cup of Nations but coach Avram Grant is looking to use the pressure to end that long drought as a positive. "I don't think you can achieve anything without pressure. We like to use pressure as a negative word but I think it's good," said Grant on Monday, on the eve of the Black Stars' opening match at this year's tournament against Uganda. Grant is still in charge after leading Ghana...

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