Mauritius plans state-of-the-art “cyber-city” in Ghana

Ghana’s Vice-President, Dr. Bawumia with Mauritius’ Foreign Minister Mauritius, a stable and relatively wealthy African island nation, has announced plans to fund a “cyber-city” in Ghana to attract investment and “high-calibre professionals” to the country. The idea was announced by Vishnu Lutchmeenaraidoo, Mauritius’ minister for foreign affairs, during a visit to Ghana last week. He said the project would…

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Chocothon Seeks to Save Cocoa Production in Ghana

According to research at the University of Reading, cocoa contributes between 70 to 100 percent of Ghanaian farmers’ annual household income and employs about 3.2 million workers there. Ghana is the second largest producer and exporter of cocoa beans, after Côte d’Ivoire. Taking place in Accra, Ghana, Chocothon’s short-term goal is to identify low-tech solutions to reduce sustainability challenges….

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Trump Team’s Queries About Africa Point to Skepticism About Aid

WASHINGTON — President-elect Donald J. Trump’s views of Africa have, until now, been a mystery. But a series of questions from the Trump transition team to the State Department indicate an overall skepticism about the value of foreign aid, and even about American security interests, on the world’s second-largest continent. A four-page list of Africa-related questions from the transition…

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GHANA CITIZEN HELD WITH COKE WORTH RS 5 LAKH

CCB sleuths of the Mangaluru City Police on Monday arrested a Ghana citizen and seized cocaine worth Rs 5.5 lakh, which he was attempting to sell in the city. The CCB police on reliable information that a citizen from Ghana had come to Mangaluru via Goa in search of customers, seized the cocaine from Lobo Lane near Mallikatte. The…

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Ghana Needs U.S.$34 Billion to Fix Housing Deficit – Estate Developer

The Chief Executive Officer of Danywise Estate and Construction, Mr Frank Aboagye Danyansah, has decried Ghana’s growing housing deficit, which he said would require $34 billion to address the shortfall. The country’s housing needs is in short supply of 1.7 million units, and is projected to climb to two million by 2018, which he said, required the introduction of…

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UK export agency signs first loan deal in Africa for Ghana energy project

Britain’s credit export agency, UK Export Finance (UKEF), signed its first direct loan deal in Africa on Monday, providing $310 million to GE Oil & Gas to supply equipment for an oil and gas project in Ghana. UKEF’s loan and credit facility is part of a wider $1.35 billion financing for the Offshore Cape Three Points (OCTP) project, developed…

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Samsung Heir Faces Arrest on Charges of Bribing South Korea’s President

SEOUL, South Korea — The sprawling investigation into President Park Geun-hye of South Korea took a dramatic turn on Monday with word that prosecutors were seeking the arrest of the de facto head of Samsung, one of the world’s largest conglomerates, on charges that he bribed the president and her secretive confidante. A prosecutor’s call for the arrest of…

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World’s 8 Richest Have as Much Wealth as Bottom Half of Global Population

How concentrated has wealth become in the globalized modern world? Here’s one answer: Just eight of the richest people on earth own as much combined wealth as half the human race. That’s a notable change from last year, when it was reckoned to take 62 of the superrich to match the assets of the 3.6 billion people in the…

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Ghana stocks market continues 2017 bullish transactions

The Ghana Stock Exchange (GSE) continued its 2017 bullish trajectory as transactions were recorded in 12 equities with five price changes; consequently the benchmark GSE-Composite Index inched up by 0.03 per cent to close at 1,703.8 points. The GSE-Financial Stock Index also rose by 0.1 per cent to close at 1,564.4 points, and volume traded was 412,275 shares which…

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Ghana: TOR to start processing a million barrels of crude from the TEN field starting from January 6, 2017

In Ghana, the Tema Oil Refinery (TOR) is expected to start processing crude oil from the Tweneboah Enyerra Ntonme (TEN) field from Friday, January 6, 2017. This was declared by the Managing Director of TOR, Kwame Awuah Darko, who sees the development as historic. According to Darko, he is optimistic that the company will process the one million barrels…

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