| Africatime
Thursday 23 March 2017
(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 has parallels with a 1980s crisis that saw farmers’ payments shrink by half and bankrupted the marketing system. Like then, they’ll see sharp cuts, with a reduction for the smaller of two annual harvests starting next month from the current...
(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...
(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...
(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...
(Citifmonline 03/20/17)
Ghana’s wish to have a new Parliamentary Chamber to accommodate more people could soon materialise, following the decision of the Indian government to extend its assistance in that regard. The 400-seater capacity new chamber will replace the present 275-seater capacity chamber which was configured in 2013 to accommodate more Members of Parliament (MPs). The Speaker of Parliament, Professor Mike Aaron Oquaye, told the Daily Graphic in an interview in India on the sidelines of the just-ended 12th Confederation of Indian Industries (CII) Exim Bank Conclave on India-Africa Partnership in India that an Indian construction firm, Shapoorji Pallonji, which built the Flagstaff House from 2006 to 2008
(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...
(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...
(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,...
(AFP (eng) 03/18/17)
Ghana's President Nana Akufo-Addo on Friday defended his controversial decision to appoint a 110-minister government, calling it a "necessary investment" in the small west African country. The new government nominated Wednesday -- which includes dozens of lower-level and regional ministers -- is a record for Ghana and has sparked a storm of commentary on social media and radio talk shows. "I'm aware that people are concerned about what they see as maybe the cost of this large government," Akufo-Addo admitted in an interview on national television Friday. "It is a necessary investment to make." Akufo-Addo, who was elected in December on a promise to fix a host of economic problems and fight
(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...
(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...

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