Ghana asks China to step up on Africa debt relief
China must do more to help ease the debt burden of African countries facing economic calamity as a result of the coronavirus pandemic, Ghana’s finance minister, Ken Ofori-Atta said on Monday. According to Ken Ofori-Atta, Europe may also need to offer special drawing rights – a form of foreign exchange reserves managed by the International […]
Ebola vaccine approved in 4 African countries
Four African countries – the Democratic Republic of Congo, Burundi, Ghana and Zambia – have licensed an Ebola vaccine that can now be distributed. “The approval of the Ebola vaccine by these countries is another milestone in the fight against this unforgiving disease,” said WHO Director-General Dr Tedros Adhanom Ghebreyesus. “Africa has rallied to cement […]
Ghana to ban rice imports by 2022
The government of Ghana aims to make the local production of rice sufficient for all by 2022, a Deputy Minister of Agriculture has announced. This will result in a ban on the importation of the commodity, the deputy minister, Kennedy Osei Nyarko, said. The move comes a week after the Peasant Farmers Association of Ghana […]
Cocoa Production: Ghana to receive $600m syndicated loan
Ghana, the world’s second-largest cocoa producer, has signed a $600 million syndicated receivables-backed term loan with the African Development Bank (AfDB), Credit Suisse, the Industrial and Commercial Bank of China (ICBC) to boost cocoa productivity in the West African country. Ghanaian President Nana Addo Dankwa Akufo-Addo, the president of the AfDB Akinwumi Adesina, senior officials […]
Ghana inks $2.6 billion Agreement for a Sky train project
Ghana has signed a $2.6 billion Concession Agreement with South African firm African Investment SkyTrain Consortium to construct a world-class mass transport system in the city of Accra. The MOU was signed on Monday on the sidelines of the ongoing Africa Investment Forum (AIF) in Johannesburg, South Africa. The deal was signed in the presence […]
Ghana to build a new commercial port next year
In Ghana, physical work is expected to begin on the Keta Port and Harbor project by December 2019, local media reported. According to the Director General of the Ghana Ports and Harbors Authority, Micheal Luguje, several works have been done already. The project according to the GPHA boss will be funded largely by the private […]
Ghana Stock Exchange: more than half of listed firms registered losses
In Ghana, 20 out of 35 firms listed on the Ghana Stock Exchange (GSE) have registered losses in their share values since January 1, 2019, local media reported. According to the Finder newspaper, the move has reduced the market capitalization of the Accra bourse with billions of losses for investors in equity. Only six stocks […]
Ghana revises fiscal deficit, plans to upgrade cocoa roads
Ghana Finance Minister announced that the government has resumed work on cocoa roads in the west African nation. In the Mid-year Budget Review in Parliament, Ken Ofori-Atta, the Finance Minister has announced that the government is seeking to ensure rapid expansion of infrastructure in an integrated manner to transform the economic and social lives of […]
Ghana to host African Continental Free Trade Area Secretariat
The Assembly of Heads of State and Government of the African Union (AU) has selected Ghana as the host country for the Secretariat of the African Continental (AfCFTA) Free Trade Area. The announcement was made on Sunday, 7 July 2019, during the 12th AU Extraordinary Summit held in Niamey, the capital of Niger, after Ghana […]
Waste treatment: Ghana’s ambitious plan to tackle a shortfall of $300 million
In Ghana, Zoomlion, the country’s biggest company that manages waste in several cities is planning to set up a waste processing plant in each region of the West African nation. According to the company managers, about 12,710 tons of solid waste are generated daily in Ghana. As far as liquid waste is concerned, the city […]
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