Category Archives: Ghana News

Ghana News

EBAFOSA calls for all inclusive climate action towards food security in Ghana

EBAFOSA

Accra, Monday 20, 2017 — The Ecosystem Based Adaption for Food Security Assembly (EBAFOSA; www.ebafosa.org), established under the auspices of the United Nations Environmental Programme will join the Ministry of Food and Agriculture, and the Ministry for Environment, Science, Technology and Innovation to launch the all-inclusive pan-African framework on food security in Ghana on the 3RD of March, 2017 at the University of Ghana (ISSER Auditorium) from 8:30 to 12:30 pm. The event is expected to bring together key stakeholders in all areas– public and private sectors, educational and research institutions, individuals publics/citizens, community based organizations, international intergovernmental organizations, NGOs, civil society groups, etc. to collaborate in developing and implementing policy solutions to upscale Ecosystem Based Adaptation – driven agriculture and its value chain improvements toward ensuring sustainable inclusive growth in Ghana.

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Clean Energy West Africa Summit Confirms Workshop for Ecowas-Based Clean Energy Start-Ups

In partnership with the Climate Innovation Center, Ghana, the Clean Energy West Africa Summit will host the first incubator workshop in April which will look at how entrepreneurs can build, develop and sustain clean energy businesses.

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Tullow Oil to Focus on Free Cash Flow in Reducing Debt

Tullow Oil

With 2016-end year post tax loss of 600 million USD, operating cash flow of 800 million USD, and revenue of 1.3 billion USD, Tullow oil has made notice that it will not be paying shareholder dividends.

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IMF Staff Concludes Visit to Ghana

A team from the International Monetary Fund (IMF), led by Joël Toujas-Bernaté, visited Accra from February 6-10, 2017 to take stock of the 2016 economic developments and the outlook for 2017, engage in a dialogue about the new government’s economic plans, and discuss prospects for program engagement with the IMF. [1]

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Canadian Government to Invest $120m into Ghana’s Agricultural Sector

The newly appointed Minister of Agriculture, Dr Owusu Afriyie Akoto has announced the kick-start of a project termed ‘Planting for Food & Jobs programme’ under Ghana’s agricultural sector which is set to receive 125 million Canadian Dollars investment from the Canadian government. According to the minister, the project will create over 750,000 jobs for the youth. The project is scheduled to commence this March and to continue during the next farming season this year. The project seeks to create a sustainable food security structure for all people across the country. Planting for Food & Jobs will be operating under five main components: supply of improved seedlings, provision of fertilisers, extension services, marketing for produce and e-agriculture. Ken Ofori-Atta – Ghana’s Finance Minister represented the government of Ghana to sign the agreement which allows the release of the funds. The Canada government was represented by Ms Heather Anne Cameron, the Canadian High Commissioner to Ghana.

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Ghana Insurance 2017

Emerging Trends in Ghanaian Insurance Market—An Overview

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Ghana Securities and Capital Market

A Broad-ranging Outlook on Ghana Securities and Capital Market

According to a new research, the GDP for Ghana is expected to reach a significant growth rate of 7.5% by 2018, showing a steady growth attracting investors. Despite the bad debt levels, the GDP manifested a steady growth of 3.9% at the end of 2015 as Ghana’s market attracted a lot of investors. Ghana has boomingly become the third-largest growing economy in Africa and exhibited profound economic growth. With the course of time, the Government of Ghana has taken various strategic initiatives to broaden the horizons for international investors entering the market. The country’s proclivity for becoming a security-oriented market has been justified with the latest developments in Ghana. Ghana’s capital market is gradually developing and increasingly beginning to play pivotal role and helping to attract long-term capital for financing economic activities.

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University of Ghana Hunted by Filth

The University of Ghana is one of the finest higher educational institutions of excellence in Africa. The university’s environment undoubtedly constitute one of the most beautiful communities in Ghana: excellent infrastructure, spatially classic navigation, greenery and serene breezes, and envious sanitary views, are, but only a few attributes of the wonderful environment of the Premier University which many of us boast of, and continue to attract many excellent candidates all over the world. The significance of this decent environment and how it positively influences the attitudes and lifestyles of members of the university community is amazing. As opined by one product of the Premier University: “it is always difficult to litter around indiscriminately after you spend a full semester on campus and you are back in town, though, that seems to be the normal practice”. Yes! That is positive and this is how it should be.

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Ghana Might Face Charges from IMF for Unaccounted GHC7 Billion

Ghana might face charges from International Monetary Fund (IMF) as the country’s economic figures seems fishy, says the new government. The new government, led by the Vice President had announced that the previous government – the National Democratic Party (NDC) has refused to account for a 7 billion Ghana Cedis which was spent during their term in government. However, the NDC government and the current minority in parliament, claims that the money was being used for an ongoing initiative on government contracts and expenditure which forms part of the Ghana Integrated Financial Management Information System. They furthered to express that it is of their expectation to see the current government continue that initiative.

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Ghana and Nigeria to Influence AWG Market Size By Residential Application

Water scarcity – including availability and distribution, is one of a global challenge that requires immediate attention. A report from Global Market Insights, Inc on Global Atmospheric Water Generator (AWG) Market size indicated that the sector was worth USD 800 million in 2015 and is forecast to exceed USD 8 billion by 2024 driven by technological innovations.

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Dangote’s Upcoming Refinery Threatens Ghana’s Oil Refinery

Ghana’s Tema Oil Refinery, following recent expansion news to double capacity, has also figured out an urgent need to reinforce its activities to enable it to have a fair beneficial share of upcoming multi-billion dollar refinery by Africa’s richest Aliko Dangote of Nigeria.

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UKEF supports GE Oil & Gas contract with major energy project in Ghana

  • UKEF is supporting a GE Oil & Gas contract worth US $850 million
  • the contract will support jobs in the Aberdeen and Bristol areas
  • it is the first time a European export credit agency has supported a financing structure of this kind, and is UKEF’s first direct loan for a project in Africa

GE Oil & Gas, which is headquartered in the UK, is providing subsea production systems to the project, which will develop oil and gas fields approximately 60km offshore from the western side of Ghana’s coast. Following first gas production in 2018, the new fields are expected to continuously feed Ghana’s thermal power plants for more than 20 years.

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GHANA: Active Citizen Discuss “Ban on Plastics”

Dumpsite Dominated with Polythene Bags Set on Fire to Burn. Akrofuom, Ghana.

A number of active citizens from all parts of Ghana gather to discuss whether the country should place a complete ban on plastic bags.

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Ghana’s Tema Oil Refinery Expansion Increase Daily Production to 65,000 Barrels

Picture source: www.tor.com.gh

Ghana’s Tema Oil Refinery which is a major crude oil refinery in the country has announced that it will be increasing its everyday production capacity from its reported initial capacity of 45,000 barrels of crude oil to a daily production capacity of 65,000 barrels. This announcement follows a recent expansion of processing units at the oil refinery which has been tested successfully to give assurance of the capacity of the Crude Distillation Unit to produce the anticipated 65,000 barrels per day. Accordingly, this increased capacity will mean enhanced operations for the Tema Oil Refinery in the production of fuels and its related products.

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No Such Thing as Plastic Rice, say Ghana’s Food and Drugs Authority

For some months now, consumer feedback on imported rice on the Ghanaian market have been very poor. Both traders and consumers have not been satisfied with the quality of rice imports in the country. Consumers claim some of the imported rice are made out of plastics – which pose a threat to consumer health. Due to this disturbance among consumers, Ghana’s Food and Drugs Authority (FDA) has come out to publicly assure consumers that there are no such rice products on the market that are made out of plastics as assumed by some consumers.

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Five West African Countries Avoids Dirty Fuel from Europe

A number of West African countries have been sourcing fuel from Europe and reports (beginning earlier and mid this year) indicates that these European fuels do not meet the expected emission standards. In Ghana, the issue had risen in public discussions when first discovered and some environmental and health activists had used social media to publicize the issue to raise awareness for better fuel importation into the country.

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Ghana Decides Today Peacefully

Since the last election in 2012 which led to a misunderstanding between the opposition party and ruling party (resulting to the opposition party taking the issue to court), there is been a higher expectation for this year’s election. Earlier this year, citizens have been anticipating for this day. It’s past midday and citizens are queuing to vote. Prior to this day, there is been several peace campaigns in the country which makes foreigners and tourists uncomfortable as continuous highlight on peace makes others think of the potential of a war happening.

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