Sunday 19 November 2017
(Voice of America 06/21/13)
The Committee to Protect Journalists says in the past year, 55 journalists in 21 countries have gone into exile because of violence, threats and imprisonment. An official of the committee says an estimated 40% of those who’ve fled are from sub-SaharanAfrica. A new report by the CPJ says most journalists who have fled violence or repression come from Iran and Somalia, followed by Ethiopia, Syria and Eritrea. They’re also found at the head of the CPJ’s annual Impunity Index. It ranks countries according to the degree to which attacks against journalists are investigated, and perpetrators punished. Tom Rhodes is the Eastern African consultant for the Committee to Project Journalists. He says the government of at least one of the top...
(Africa Review 06/21/13)
Sub-Saharan Africa is losing slightly above 1.5 million children under the age of five annually due to malnutrition, according to non-governmental organisation Save the Children. On June 8, thousands of people including Bill Gates gathered in Hyde Park for the Big IF London rally aimed at reversing the situation, estimated to cost two million lives of children under the age of five globally. The rally, a coalition of over 200 UK organisations, was campaigning for action by G8 leaders to eliminate hunger and save millions of lives. The campaign wanted the G8 leaders, during their June 18 meeting, to act on four issues that mean so many people do not get enough food. The issues were enough aid to stop...
(AFP (eng) 06/21/13)
President Barack Obama begins his African tour in Senegal next week in the heart of a region becoming a focus for federal agents prosecuting the US war on the international drugs trade. Investigators from the DEA, America's anti-narcotics agency, have made a series of high-profile and dramatic arrests in West Africa as part of a widening probe of African druglords as well as armed rebels in South America. Derek Maltz, head of the Drug Enforcement Administration's Special Operations Division that targets global drug crime, described trafficking in the region as a "plague" as he announced charges against suspected smugglers from Nigeria and Ghana on June 3. "These criminal groups and their facilitators pose a direct threat to the safety and...
(Ghana Business News 06/20/13)
A total of $47,563,254.19 has been disbursed within the past two years under the Ghana Social Opportunities Project (GSOP) to fight poverty. This went into the Livelihood Empowerment against Poverty (LEAP), Labour Intensive Public Works (LIPW) and capacity building. The five-year GSOP, which is being implemented by the Ministry of Local Government and Rural Development, has been designed to provide safety nets for “ultra poor households” and transform their situation. The International Development Agency (IDA) is funding the project with $88.6 million whilst the government is contributing $0.5 million as counterpart fund. Mr Robert E. Austin, the National Coordinator, said they have targeted to improve incomes for 250,000 households through the LEAP intervention by year 2015. Addressing a two-day second...
(AFP (eng) 06/20/13)
Tax havens used by major international firms are depriving impoverished African states of tens of billions of dollars each year, former UN secretary general Kofi Annan said Wednesday. Annan told a Security Council meeting on natural resources and conflict that tax avoidance and "murky" deals result in a loss of state revenue that fuels the wars over natural resources that have bedeviled Africa for decades. "When foreign investors make extensive use of offshore companies, shell companies and tax havens, they weaken disclosure standards and undermine the efforts of reformers in Africa to promote transparency," Annan said. The former UN leader said the Africa Progress Report panel, which he chairs, had found "anonymous shell companies" were used in five deals that...
(Ventures-Africa 06/20/13)
VENTURES AFRICA – The United Kingdom (UK) government has pledged to establish a free port in the Western region of Ghana to facilitate the haulage and maintenance of ships and other machinery used in the oil exploitation areas of the country. This was announced by UK Prime Minister David Cameron during talks with his Ghanaian counterpart John Mahama at the G8 Summit. President Mahama and three other African heads were invited as observer countries at the summit. Western Region to facilitate the haulage and maintenance of ships and other machinery used in the oil exploitation areas of the country. David Cameron promised to visit Ghana very soon, and gave the assurance that his country would leverage diplomatic and bilateral relations...
(Ventures-Africa 06/20/13)
VENTURES AFRICA- American multinational conglomerate General Electric (GE) has signed a memorandum of understanding (MoU) with the Ghana government to build a 1000 megawatts power plant in Ghana. Information released by Ghana’s Energy Ministry disclosed that the power plant, which is expected to be completed over the next five years, will enhance the country’s current power generating capacity. Ghana’s Energy Minister, Emmanuel Buah initialed the MoU for Ghana while Jay Ireland, the President and CEO of GE Africa signed for his company. The John Mahama administration in Ghana has promised to double Ghana’s energy generating capacity to 5000 megawatts of power by 2016. “Under this MoU, GE will be facilitating the development, financing and technical partnership required for the implementation...
(Ventures-Africa 06/20/13)
VENTURES AFRICA – Dr. Donald Kaberuka, President of the African Development Bank (AfDB), and Prof. David Malone, Rector of United Nations University (UNU), have signed a Memorandum of Understanding (MOU) to foster research and knowledge exchange on sustainable development in Africa. According to an official statement, the MOU was signed on June 5 after the Tokyo International Conference on African Development (TICAD V), which held in Yokohama, Japan, from June 1-3. The AfDB-UNU partnership aims to strengthen collaboration between Japan and African countries to strengthen Science, Technology and Innovation (STI) in Africa. The AfDB and UNU will contribute to the establishment of a joint Africa–Asia strategic plan for sustainable development and a joint program of activities for capacity building in...
(Ghana Business News 06/20/13)
The Ghana Interbank Payment and Settlement System (GhIPSS) has given hints of moves to interconnect all mobile money payment platforms in the country. Currently the mobile money platforms in the country are ran by the telecommunications companies such as MTN and Tigo. The interconnection will be done under what GhIPSS calls the ‘mobile money system’, its Chief Executive Officer, Archie Hesse announced today June 19, 2013 at the National Payments Strategy Workshop here in Accra. According to Mr Hesse, there was a need for GhIPSS to offer a mobile money platform but it was beaten by the telecoms companies. “What we will do now is to interconnect the mobile money companies such that if you are with MTN, you are...
(Vibe Ghana 06/20/13)
Minority in Parliament has commended Mr Martin Amidu for his singular effort in pursuing and achieving fairness and justice leading to the Supreme Court’s order for a refund of 25 million Euros by Waterville Holdings Limited, a construction firm, on June 14. A statement read by Mr Joseph Osei-Owusu, Minority Spokesperson on Legal and Constitutional Affairs at a press conference on Wednesday at the Parliament, said the Minority appreciated Mr Amidu’s resilience and tenacity of purpose in the enterprise in the midst of hostility and acrimony that his action provoked within some sections of the society. He said Mr Amidu lost his position as Attorney–General but he remained undaunted, courageous, focused and purposeful, saying he deserved the accolade of First...
(Vibe Ghana 06/20/13)
Ms Helen Adjoa Ntoso, the Eastern Regional Minister, has cautioned candidates writing this year’s Basic Education Certificate Examinations (BECE) to refrain from any form of examination malpractice. She urged them to revise their notes well in order to improve upon the performance recorded in the region last year. “Last year, the region recorded 54 per cent passes but we want you to shoot this up to over 80 per cent this year but as much as possible we also want to record zero cheating,” she said. Ms Ntoso was speaking to the candidates at some selected examination centres in the region. She was accompanied by Ms Adriana Kandelige, the Regional Director of Education, and chief executives of the respective districts...
(Myjoyonline 06/20/13)
Managing editor of the New Crusading Guide newspaper has vouched for the integrity of Chairperson of the Conention People's Party; Samia Nkrumah and 2012 Presidential candidate; Dr. Abu Sakara following reports suggesting the two have allegedly embezzled over GH¢ 700,000 meant as campaign funds. Daily Graphic reported Thursday, a fact-finding committee set up by the CPP to establish alleged acts of financial impropriety involving the leadership of the party, has indicted Dr Abu Sakara, and the Chairperson, Ms Samia Yaba Nkrumah, for failing to account for GH¢700,000 of campaign funds meant for the elections. According to the report, written submissions by persons who appeared before the committee confirmed receipt of substantial funds and two Toyota Hilux vehicles, which were received...
(Ghana Business News 06/20/13)
Security agencies have arrested some people in connection with the recent fire outbreaks in some major markets of the country, Mr Ibrahim Murtala Mohammed, a Deputy Minister for Information and Media Relations, has announced. Although he declined to mention the number of people and where the arrests have been made, the Deputy Minister said it was through the combined efforts of both the Ghanaian and American investigators in the country. Mr Mohammed, who announced this during the daily media briefings at the Flagstaff House, Kanda said investigations were still going on and government would now withhold the names and locations they were arrested. He said the security had also foiled other attempts to burn other markets in some parts of...
(The Chronicle 06/20/13)
The New Patriotic Party (NPP) has reignited the pressure on businessman Alfred Agbesi Woyome to refund the GH¢51 million paid to him as judgment debt into government treasury. The NPP has suggested to the Attorney-General and Minister of Justice to apply to the High Court to order the financier of the National Democratic Congress (NDC), Mr. Alfred Agbesi Woyome, to deposit the GH¢51 million paid to him as judgment with the court, pending the final determination of the government’s action against him. The call, according to the Minority NPP, “is to ensure that at the end of the case, there will be money to revert to the State.” “The Attorney-General should take steps to protect the nation’s funds,” the opposition...
(Bloomberg 06/19/13)
The World Bank’s lending unit is holding off on plans to sell 2 billion cedis ($996 million) of local-currency bonds in Ghana, where Treasury-bill yields are among the highest in Africa. “With rates in the 23 percent range, it would be very difficult,” J.R. Rao, Washington-based principal treasury officer at the International Finance Corp., said by phone this month. He reiterated the comments yesterday in an e-mail. “Even if you issue close to the government level, you’re going to pose challenges to the investment of the proceeds.” Ghana’s 91-day yields rose five basis points at the last auction on June 14 to 23.1 percent, the highest in four months and the second-highest in Africa after Malawi, according to data compiled...
(Ventures Africa 06/19/13)
VENTURES AFRICA – Construction work at the $750 million Atuabo gas processing plant in the Western Region of Ghana has stalled due to lack of funds to pay contractors working on the project. According to report, state-owned Ghana National Gas Company (Ghana Gas), reportedly owes Chinese construction company, Sinopec, more than $400 million, resulting in some sub-contractors abandoning the project site. The situation has been compounded by a vessel which arrived in the country to carry out post-offshore survey on the offshore pipes also leaving the project site. According to official sources, the main contractor has not been able to pay $30 million it owes the sub-contractor and that the post-offshore survey vessel left after several postponements of the dates...
(Ghana Business News 06/19/13)
As from July 1, 2013, consumers of petroleum products especially petrol and diesel in Ghana will bear the full cost of buying these products. Speaking on the sideline at the Institute of Financial and Economic Journalists (IFEJ) and Ghana Business and Finance media seminar on fuel subsidy for journalists in Accra Tuesday June 18, 2013, the Head of Pricing at the National Petroleum Authority, Mrs. Alpha Okaidja Welbeck revealed that, “government has allowed us to price on full cost on petrol and diesel”. Pre-mix fuel, marine gas oil local, kerosene, residual fuel used by industries will however remain subsidized, she added. Last year, President John Mahama, at that time the Vice President, said that government needed GH¢760 million to continue...
(Vibe Ghana 06/19/13)
About 1.02 billion Ghana cedis is expected to be spent on fuel subsidies by government this year. This is irrespective of the removal of subsidies on petrol, diesel and LPG a couple of weeks ago. Last year, government spent 809 million Ghana Cedis on fuel subsidies, about 0.5 percent of GDP. According to the Bank of Ghana, the total out turn of petroleum subsidies last year represent 33 percent of total domestic financed capital expenditure. Head of Research at the Central Bank, Madam Grace Akrofi says the gradual increase in fuel prices will not have significant effect on inflation. She disclosed this to XYZ BUSINESS at a media seminar organized by the Institute of Financial and Economic Journalists as well...
(Ventures-Africa 06/19/13)
VENTURES AFRICA – Ghana is drafting a law under which 30 percent of foreign investments must be ceded to Ghanaians under the revised Ghana Investment Promotion Center (GIPC) Bill currently before parliament. The Chairman of the country’s parliamentary Trade and Industry Committee, Alhaji Amadu Sorogo disclosed this. The revised GIPC bill partly seeks to empower Ghanaian owned businesses whilst restricting foreigners in the retail sector. The initial capital an investor needs to invest in Ghana has now been increased from $300,000 to $1million. Trade and Industry Minister Haruna Iddrisu who moved the motion for the bill in Parliament said investors will however be guaranteed other incentives. He said the legislation was necessitated by some “significant economic and investment development” and...
(Ghana Business News 06/19/13)
The Ghana government has signed a memorandum of understanding (MoU) with US firm, General Electric (GE) to build a 1000 megawatts power plant. The plant is expected to be completed over the next five years in order to support the nation’s power generating capacity, according to Ghana’s Energy Ministry. “Under this MoU, GE will be facilitating the development, financing and technical partnership required for the implementation of an incremental 1000MW of power in collaboration with the government of Ghana over the next five years,” the Enegy Ministry said on its website June 18, 2013. The Ministry explains that the “Ghana 1000MW Project” will introduce the Power Park Concept to enable lower cost of power and faster implementation. It added that,...

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