| Africatime
Friday 28 April 2017
(Voice of America 04/28/17)
Ghana's finance minister says investors were optimistic in meetings with senior government officials who accompanied Vice President Mahamudu Bawumia to the World Bank spring meetings in Washington. In an interview with VOA, Ken Ofori-Atta said investors detected a new energy, and a sense of hope in a team that is focused on getting Ghana out of its current predicament. He also said that with a new government in place, the world is ready to see Ghana shine again in a much more stable West Africa. "We came in on a platform of change and real hope that we will revitalize the economy and create jobs
(Xinhuanet 04/28/17)
The World Bank says it will support 52 Ghanaian communities in implementing a sustainable Natural Resource Management program. In a release received from the Ghana office of the bank here on Thursday, the bank said selected local communities in the Brong-Ahafo and Western regions of Ghana would benefit from a 5.5 million U.S. dollar grant. The program is designed to strengthen knowledge and practices in these communities toward reducing deforestation and improving the sustainable management of their activities. It is also intended to make them more resilient to man-made pressures and climate change. "This project contributes to the World Bank Group Country Partnership Strategy (CPS) for Ghana and addresses climate change issues" through support for programs related to water management...
(Xinhuanet 04/28/17)
The United States would expel 7,000 Ghanaians this year for breaching terms of their visa agreement, a U.S. diplomat said on Thursday. U.S. Ambassador to Ghana Robert P. Jackson said the Ghanaians had overstayed their permits and were currently at different stages of their deportation process. "About 7,000 of them are currently at different stages of the deportation process, and we are not apologetic about that," Jackson said at an event in the Brong Ahafo region, 400 km north of...
(Voice of America 04/28/17)
A low-cost and widely available drug could save the lives of 1 in 3 mothers who would otherwise bleed to death after childbirth, according to a new study. Severe bleeding, known as postpartum hemorrhage, or PPH, is the leading cause of maternal death worldwide, killing more than 100,000 women every year. Even for mothers who survive, it is a painful and traumatic experience. The world's poorest countries, especially in Africa and India, are the worst hit. Drug from 1960s But...
(Reuters (Eng) 04/27/17)
Ghana's gross domestic product growth in 2016 GDP stood at a provisional figure of 3.5 percent year-on-year, down from 3.9 percent in 2015, acting government statistician Baah Wadieh told a news conference on Wednesday. For years, Ghana's economy grew at 8 percent annually on the back of its gold, oil and cocoa exports. But it has slowed sharply since 2014, in part because of lower global commodities prices and a fiscal crisis. The new government of President Nana Akufo-Addo said...
(Ghana Business News 04/27/17)
Ghana’s provisional annual growth rate for 2016 stands at 3.5 per cent, down from 3.9 percent in 2015, acting government statistician Baah Wadieh said on Wednesday. Speaking at a press conference to announce the rate, Mr Wadieh said for the year 2016, the Services sector recorded a year-on-year GDP growth rate of 5.7 per cent. The Information and Communication sub-sector recorded the highest year-on-year GDP growth rate of 21.7 per cent while the Community, Social and Other Personal Activities sub-sector...
(Business Day Ghana 04/27/17)
The African Development Bank (AfDB) has unveiled its new electrification programme, under which it will invest $12bn into the power sector in Ghana and other African countries over the next five years. This fund will support its New Deal on Energy for Africa, which aims to achieve universal access to electricity in Africa by 2025. The plan was born out of the Energy Week conference held in Abidjan, Côte d’Ivoire at the end of March, which brought stakeholders together to...
(Ghana Web 04/27/17)
Unhappy with the tight fiscal space government is confronted with, economic Policy Think-Tank, the Institute for Fiscal Studies (IFS) is advising caution in expenditure to forestall escalation of the fiscal deficit. Even though government has managed to create some space through its review of earmarked funds, the Institute is worried the space created is no match for the expected expenditure from the execution of government’s programmes contained in the budget. Parliament last Friday passed the Appropriation Bill for the 2017...
(Ghana Web 04/27/17)
The Ministry of Trade and Industry (MoTI) has selected 50 companies that will be provided with a stimulus package to revive them. They were among more than a 100 businesses which applied for assistance under the package. The stimulus package is meant to revive local businesses which have been struggling over the past four years due to the power outages, popularly referred to as ‘dumsor’. The Minister of Trade and Industry, Mr Alan kyerematen, announced this at the American Chamber...
(Xinhuanet 04/27/17)
The West African bloc is seeking to strengthen the role of the private sector in health service delivery in the sub-region as financing sources become increasingly difficult, Dr. Xavier Crespin, Director General of the West African Health Organization (WAHO), disclosed here on Monday. He explained that, for the sub-region to be able to attain its health targets, both public and private sector support would be critical in financing the health delivery needs of the countries. Dr. Crespin emphasized this during...
(Business Day Ghana 04/27/17)
There are currently 960 million mobile subscriptions across Africa – an 80 percent penetration rate among the continent’s population. Internet penetration is at 18 percent with 216 million internet users, according to the latest Jumia mobile trend report for Africa. The 2017 edition of the African Mobile Trends Paper is the third white paper presentation from Jumia delving into mobile trends across Africa and specifically Nigeria. The study takes a look at the how the market has democratised mobile internet...
(AFP (eng) 04/26/17)
Three members of Ghana's parliament and a former lawmaker are facing travel bans to Britain over apparent visa irregularities, according to a leaked document seen by AFP on Wednesday. Britain's High Commissioner to Ghana, Jon Benjamin, wrote to parliament Speaker Mike Oquaye that the four had apparently been involved "in visa fraud directly affecting the United Kingdom". Former MP George Boakye obtained a visa for his daughter, who then overstayed her visa for more than three years and only returned...
(Bloomberg 04/26/17)
Ghana’s cocoa regulator ruled out cutting the price it pays farmers for the new harvest that starts in October, at a time when nations are working together to stem a rout in prices. The amount paid to farmers in the world’s second-biggest grower will be unchanged and may even rise in the new season, Joseph Boahen Aidoo, chief executive officer of the Ghana Cocoa Board, said in Abidjan, the commercial capital of neighboring Ivory Coast. Aidoo was attending an emergency...
(AfricaNews 04/26/17)
The United Kingdom has blacklisted three serving legislators of Ghana’s Parliament over visa fraud. A former Member of Parliament (MP) has also been implicated. According to a UK High Commission confidential letter sent to the speaker of Parliament but leaked to the media, the MPs had facilitated the entry of some relatives to the UK using their diplomatic passports. Two of the serving MPs – Hon. Joseph Benhazin Dahah and Hon. Johnson Kwaku Adu, belong to the ruling New Patriotic...
(Ghana Web 04/26/17)
The Ghana Statistical Service (GSS) has announced that the Producer Price Inflation (PPI) which measures the average change over time in the prices by domestic producers of goods and services has increased to 6.0 percent for March, 2017. The rate represents a 0.6 percentage point increase in producer inflation relative to the rate recorded in February 2017. Speaking at a press conference in Accra, Acting Government Statistician, Mr. Baah Wadieh explained that the increase was due to increased inflation for...
(Sudan News Agency 04/26/17)
President of the Republic and Chairman of the National Congress, received Tuesday at the Guest House the visiting leader of the ruling party in Ghana, Hon Faridi, and discussed ways of strengthening the relations between the two countries. Present at the meeting was Deputy Chairman of the National Congress for the Party's Affairs, Engineer Ibrahim Mahmoud Hamid. In a press statement after the meeting, Engineer Hamid said that the meeting comes in the context of the distinguished relations between Sudan...
(Business Ghana 04/26/17)
For nearly six decades, Ghana and Russia have had an excellent diplomatic relations and still looking to build a stronger economic cooperation. In this exclusive GNA interview, Ms. Shirley Ayorkor Botwe, Minister of Foreign Affairs and Regional Integration, explains to Kester Kenn Klomegah, the Moscow Bureau Chief, a number of significant corporate projects being undertaken by Russians as well as some aspects of the current economic cooperation between the two countries. Q: Hon. Minister, how would you assess the current...
(Ghana Web 04/26/17)
The Bank of Ghana has assured the public that it will work harder to stem the volatility in the foreign exchange market to bring about price stability. The Bank of Ghana has assured the public that it will work harder to stem the volatility in the foreign exchange market to bring about price stability. The assurance was given when officials of the Bank appeared before the Public Accounts Committee of Parliament to answer questions on the Report of the Auditor-General...
(Xinhuanet 04/26/17)
The Belt and Road (B&R) Initiative is a golden opportunity to bring about regional integration and sustainable economic growth for Africa, said Berhane Gebre-Christos, special envoy of the Ethiopian Prime Minister, on Tuesday. The special envoy made the remarks at the opening of a seminar organized on the B&R Initiative in Ethiopia's capital Addis Ababa. Welcoming the initiative, the special envoy said he is looking forward to the expected effects of the initiative. "The B&R is a project that will...
(AFP (eng) 04/24/17)
A new malaria vaccine will be tested on a large scale in Kenya, Ghana and Malawi, the World Health Organization said Monday, with 360,000 children to be vaccinated between 2018 and 2020. The injectable vaccine RTS,S could provide limited protection against a disease that killed 429,000 people worldwide in 2015, with 92 percent of victims in Africa and two-thirds of them children under five. "The prospect of a malaria vaccine is great news. Information gathered in the pilot will help...

Pages