Sunday 28 May 2017
(Ghana Business News 06/13/13)
Ghana’s former President John A. Kufuor has been named co-chair of the recently-launched Global Panel on Agriculture and Food Systems for Nutrition. The panel, hosted by the London International Development Centre (LIDC) was unveiled June 8, 2013 by the UK Government. The Panel was formed to review research evidence and provide global leadership for investments and policies in agriculture that support nutrition and help eradicate hunger. Mr Kufuor’s fellow panel co-chair is former UK Chief Scientific Adviser, Prof. Sir John Beddington. In a statement, Mr Kufuor said “We need a concerted global effort to eradicate hunger and we need it now. No child should have his or her potential wasted due to lack of food regardless of which part of...
( 06/13/13)
Petitioners’ counsel Philip Addison has accused the Chairman of the Electoral Commission, Dr. Kwadwo Afari-Gyan of causing financial loss to the state for printing 54,000 ballot booklets when only half of that number was needed. The lawyer for the petitioners in the ongoing presidential election petition hearing made the charge when he was cross-examining the EC's witness, Dr. Kwadwo Afari-Gyan, on the number of ballots printed during the 2012 presidential and parliamentary election. The Electoral Commission purportedly printed 54,000 ballot papers, but used about 26,000. The witness explained that the situation arose because the EC expected a higher number of presidential candidates than actually participated in the elections. Addison probed further by asking if the EC printed a duplicate set...
(New Democrat 06/13/13)
A fully owned Ghanaian Company, Ghana Growth Fund Company (GGFC) Limited has taken over Liberia Enterprise Development Finance Corporation (LEDFC). GGFC, a Pan-African group of companies partnered the Overseas Private Investment Corporation (OPIC) of the United States in this bid. At an official launch of the acquisition, the Managing Director of GGFC, Kwame Ofori Asomaning pledged his company’s commitment to improve the Liberian economy by empowering Liberian businesses. He said many companies in Liberia do not have the funding to sustain their companies and that in such cases; GGFC will intervene to ensure that these companies remain operational with the agreement of paying back funds received to continue their businesses. Mr. Asomaning added that SME in Liberia lacks business best...
(Voice of America 06/13/13)
A team of officials from the Economic Community of West African States (ECOWAS) is in Mali to assess the security and political situation in the approach to the country’s July 28 presidential election. Sonny Ugoh, the ECOWAS communications director, said the fact finding mission is part of the regional bloc’s plans to restore constitutional rule in Mali and maintain its territorial integrity. “This is consistent with the requirement of our protocol on democracy and good governance…,” Ugoh said. His comments came after Burkinabe’s foreign minister, Djibril Bassole, said the Malian government and ethnic Tuareg rebels had agreed “in principle” on a deal that would allow elections to take place next month and the army to return to the rebel-held city...
(Ghana Business News 06/13/13)
Mr Anthony Aggrey, Wassa East District Chief Executive, has noted that minors engaged in alluvial small-scale mining in the district, is a major social challenge, depriving most children of quality education. He said the children had abandoned the classroom and engaged by alluvial miners in the Pra River. He, therefore, appealed to the traditional authorities, assembly members, parents and other stakeholders in the area to work conscientiously towards stamping out child labour. Mr Aggrey made the observation at a durbar held at Sekyere-Krobo in the Wassa East of the Western Region, to commemorate the Africa Union Day of the African Child, which coincided with the World Day against Child Labour. The event was jointly organised by the district assembly, World...
( 06/13/13)
Greater Accra Regional Chairman of the ruling National Democratic Congress (NDC), Joseph Ade Coker, has explained that the government’s decision to engage the services of fire experts from the United States of America to unearth the cause (s) of fire outbreaks at the nation’s major markets, cannot in any way mean that the capabilities of local security and intelligence services are being run down. Bringing in “special expertise” to help unravel the mystery surrounding the fire outbreaks is in order because for now the country’s intelligence services lack the adequate know-how. Expounding further on Peace FM’s “Kokrokoo,” he stated that due to the inability of the Ghanaian security apparatus to fully investigate the causes of the fires in the country,...
(Ghana Business News 06/12/13)
Ghana’s export value is expected to increase to five billion dollars between mid-year to end of 2016, Mr Haruna Iddrisu, Minister of Trade and Industry announced on Tuesday. Consequently, Government would aggressively support agricultural production, growth of horticultural and other vegetables as well as shore up small out grower farming schemes countrywide to meet the target, he added. Mr Iddrisu was speaking at the inauguration of a nine-member Board for the Ayensu Starch Company Limited. The Minister expressed optimism that the target would be achieved, adding that, stronger collaboration between the Ministry of Trade and the Ministry of Food and Agriculture is expected to guarantee the desired goal of increasing export to improve terms and balance of trade. He said...
(Ventures Africa 06/12/13)
VENTURES AFRICA – The World Bank is set to supply $155 million funding to support water supply, sanitation and natural resource management in Ghana. The Bank’s Board of Executive Directors approved the International Development Association (IDA) grant this week as it sees those areas as priorities for the Ghanaian government. “The funds will support two of the Government of Ghana’s priorities-manage natural resources in a sustainable manner and bring improved sanitation and water supply to over 3.6 million people living in and around the Greater Accra Metropolitan Area (GAMA),” the World Bank said in a statement. $150 million of the total grant will support the Greater Accra Metropolitan Area (GAMA) Sanitation and Water Project which is a five-year programme designed...
(Ventures-Africa 06/12/13)
VENTURES AFRICA – Ghana’s total export value is expected to increase to $5 billion between mid-year 2015 to end of 2016, Mr. Haruna Iddrisu, Minister of Trade and Industry announced on Tuesday yesterday. Consequently, Government would aggressively support agricultural production, growth of horticultural and other vegetable crops as well as shore up small out-grower farming schemes countrywide to meet the target, he added. Mr. Iddrisu was speaking at the inauguration of a nine-member Board for the re-launched Ayensu Starch Company Limited in Kasoa, near Accra. The Starch Factory produces cassava on a large scale for domestic and export markets. The Minister expressed optimism that the target would be achieved, adding that, stronger collaboration between the Ministry of Trade and the...
(AFP (eng) 06/12/13)
Porous borders, corruption and the chance of riches have helped draw illegal gold miners to Ghana from as far away as China, prompting a crackdown that has so far netted over 150 Chinese, experts say. The continent's second-largest producer of gold and a beacon of stability in turbulent west Africa, Ghana has been struggling with the impact of small-scale mining, which is illegal for foreigners and damages the environment. Sydney Casely-Hayford, a prominent financial analyst, said that Ghanaian traditional leaders and businessmen encourage the mining, and the crackdown won't stop it for good. "It's quick and easy money," Casely-Hayford said. "There is nothing you can do because the traditional authorities want the money, the operators want the money, the Chinese...
(Ghana Business News 06/12/13)
Ghana received a two per cent share of the total aid to basic education in 2011, the highest share of any individual country in the world, new UNESCO figures show. The new analysis from the Education for All Global Monitoring Report, published by the UN agency also shows that Ghana has cut the number of children out of school. Between 2004 -2005 Ghana was in the bottom 10 of the countries for out of school children, but current data shows that the country is placed at 13th, a press release on the new report says. “It also ranks fourth in the amount of progress it has made over the past five years, that is by the number of out of...
(Myjoyonline 06/12/13)
A team of forensic investigators from the United States, invited by government to help unravel the mystery surrounding the persistent fire outbreaks at major markets in the capital, Accra, has commenced work. The investigators, who arrived in the country Tuesday, have already had briefing from local investigators. Deputy Information and Media Relations Minister, Murtala Mohammed told journalists at the Flagstaff House on Wednesday that, local investigators will partner the US team to speed up the investigation process. Five market centres: Agbogbloshie, Makola, Kantamanto, Madina, and Dome, all in the Greater Accra Region, have suffered devastating fire outbreaks which destroyed property worth millions of Cedis. The Kumasi Central market in the Ashanti Region is the sixth to suffer a similar fate...
(Voice of America 06/12/13)
Ghana has arrested more than 100 Chinese nationals accused of illegally mining gold in that country. Zambia seized a Chinese coal mine in February over safety concerns. And Gabon is planning to take back assets from three foreign oil companies - including one from China. These moves and others have some analysts pointing to a backlash against Chinese investment on the continent. While experts say the China-Africa honeymoon may be over, divorce is not likely. China became Africa's top trade partner in 2009. Bilateral trade hit nearly $200 billion in 2012. Some Africans believe they are getting the short end of the stick, however, as they export valuable natural resources to China without receiving much in return by way of...
(Myjoyonline 06/12/13)
It has now been confirmed that some mining companies in the country take advantage of vulnerable women to sexually exploit them. Women who have resorted to work in mining pits to eke out a living for themselves and family are compelled to take off their clothes and descend naked into the pits, the Member of Parliament for Amenfi Central in the Western Region, has said. Mr George Arthur blew the minds of his colleague legislators in Parliament on Wednesday that he has witnessed such instances before. Joy News’ Elton John Brobbey said the MP is therefore asking the august House to take a critical look at the humiliating and dehumanizing incident gaining root in the area. According to Mr George...
(Ghana Business News 06/12/13)
The West African Examination Council (WAEC) has beefed-up security by installing closed circuit television (CCTV) cameras at its printing house, to monitor the printing of examination papers. The move is aimed at preventing leakage of question papers ahead of this year’s Basic Education Certificate Examination (BECE), which starts on Monday June 17 across the country. Mr Patrick Sumailar Wayoe, Sekondi Branch Controller of WAEC, made this known in an interview with the Ghana News Agency in Sekondi on Tuesday. He said WAEC, in the past had been plagued with leakage of examination papers, which resulted in financial burden to undertake reprinting of cancelled exams papers. He urged examination supervisors and invigilators to maintain high level integrity and vigilance throughout the...
(Myjoyonline 06/12/13)
The Ghana Statistical Service is now looking at releasing the rebased inflation rates to next Wednesday. The service was expected to release the inflation figures for January to May today. It however had to postpone it because of challenges in the process of gathering data from the field. This is the third consecutive time the Ghana Statistical Service has failed to release the figures citing some difficulties. Acting government statistician, Philomena Nyarko tells Joy Business they are optimistic of releasing the figures next week Wednesday. “We have teams still trying hard to make sure that it is done. Some of the filled returns came in late,” she explained. Meanwhile inflation for the month of May has gone up marginally. The...
(Ventures-Africa 06/11/13)
VENTURES AFRICA – The Managing Director of the Ghana Stock Exchange (GSE), Kofi Yamoah, has said he is certain that an Alternative Stock Market (ASM) for SMEs will be launched by the Ghanaian bourse this year. The Ghana Alternative Market (GAX), as it will be called, will accommodate companies at various stages of their development, including start-ups and existing enterprises, both small and medium. SMEs must have a minimum stated capital of GHC250,000 ($125,800) at the time of listing and at least 20 shareholders at the time of the public float. The GAX is intended to promote the listing of SMEs in the country. It is also to improve liquidity on the stock market by providing a structure conducive to...
(Ghana Business News 06/11/13)
Mr. Frederick Clavier, French Ambassador to Ghana, has said that the French Government was initiating a project to support mechanisms aimed at ensuring accountability in the central and local administrative sectors of Ghana. This, the Ambassador said would help to deepen democratic governance and transparency in Ghana. Mr Clavier said France would also support efforts being made by the Government of Ghana to improve the public sector administration, as part of the ongoing public sector reforms. He made the remarks at the inauguration of a computer laboratory and a refurbished girl’s dormitory for the Government Secretarial School in Tamale, on Monday. Mr Clavier said the French Government was supporting public sector reforms, which spans 2007 to 2013, with 1.2 million...
(Ventures Africa 06/11/13)
VENTURES AFRICA – Major Indian Telecom solutions provider, Tech Mahindra is said to have agreed a $20 million greenfield implementation deal with Surfline Limited, one of the newest entrants into Ghana’s wireless broadband space. Tech Mahindra will develop and manage the IT services capabilities required for the roll-out of Surfline’s product offerings, sources in the Indian press have revealed. The multi-year contract has a managed services component built into it, they said. A spokesperson for Tech Mahindra did not comment when local Indian press made enquiries, the company official citing ‘company policy’. In February this year, Ghana’s National Communications Authority (NCA) issued licenses to Surfline Limited and three other companies at a cost of $6million each, to provide Broadband Wireless...
(The New York Times 06/11/13)
The lucky ones have hidden out on cocoa farms and in Chinese-owned companies, surviving on yams and water, moving about constantly and trembling at the prospect of being discovered by Ghana’s security forces. The unlucky ones have been beaten, robbed and swept up by soldiers. A dream of wealth in a far-off land has been turned on its head for hundreds of Chinese gold miners in Ghana. At least 169 of them were rounded up by the government this month, accused of sneaking into the country and overstaying visas to illegally mine one of Africa’s richest gold fields. “We have no food, no water, no sleep,” a Chinese migrant said as she hid from the government on a cocoa farm...

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