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Ghana Risks the Anger of 800,000 Cocoa Farmers

Ghana Risks the Anger of 800,000 Cocoa Farmers

The government of President Nana Akufo-Addo in Ghana will struggle to sidestep one of its most difficult decisions since coming to power a year ago: telling a crucial constituency to accept a pay cut. The New Patriotic Party-led government has little choice but to end subsidies for its 800,000 farmers that will likely cost almost […]

JPMorgan Plans Expansion Into Ghana And Kenya

JPMorgan Plans Expansion Into Ghana And Kenya

JPMorgan Chase & Co plans to expand its African presence into countries including Ghana and Kenya, Chief Executive Jamie Dimon said in an interview on Wednesday. “You’ll see us open in some countries we are not in, in Africa you’ll be hearing about some of that stuff,” Dimon told Bloomberg Television on the sidelines of […]

Menstruating Ghanaian Girls Banned From River Crossing To School

Menstruating Ghanaian Girls Banned From River Crossing To School

A ban on schoolgirls in Ghana crossing a river when menstruating – and on Tuesdays – has been condemned by child rights activists. The ban, apparently issued by a local river god, means girls in Ghana’s Upper Denkyira East district could miss out on their education during their period as they have to cross the […]

Nana Akufo Addo Makes Firm Statement On African Autonomy From European Aid

Nana Akufo Addo Makes Firm Statement On African Autonomy From European Aid

Ghanaian President Akufo-Addo’s quest to see Africa move beyond aid was once again on full display, after his latest speech in the presence of French president Macron sent a strong message to the western world. French President Emmanuel Macron visited Ghana as part of his first African tour. Macron’s advisers say he hopes to modernize […]

Ghana Gender Minister Launches ‘HeforShe’ Campaign

Ghana Gender Minister Launches ‘HeforShe’ Campaign

A media campaign dubbed: “HeForShe” crusade has been launched in Accra. The campaign, centered around three key issues – affirmative action, ending negative traditional practices and the economic empowerment of women – is aimed at mobilizing over two million men to stand up and support women and take actions that lead to empowerment and gender […]

Gas Explosion Rocks Ghana’s Capital Accra, Causing Fatalities

Gas Explosion Rocks Ghana’s Capital Accra, Causing Fatalities

A natural gas station in Ghana’s capital Accra exploded on Saturday evening, killing an unknown number of people, a government official said. “Unfortunately there are some fatalities and we are working to have the numbers,” Deputy Information Minister Kojo Oppong Nkrumah told a local radio station. “There are quite a number also injured.” He added […]

Ghana’s Banks Need More Cash Than Its Markets Can Provide

Ghana’s Banks Need More Cash Than Its Markets Can Provide

Ghana’s banks face a daunting race to meet new capital rules by the end of next year. Lenders will need to raise 9 billion cedis ($2 billion), which the local equity and debt market is too small to supply, according to George Bodo, the head of banking research at Ecobank Capital Ltd. in Nairobi, Kenya. […]

Ghana Orders Security Forces to Clamp Down on Cocoa Smuggling

Ghana Orders Security Forces to Clamp Down on Cocoa Smuggling

Ghana’s cocoa regulator said the nation’s security forces will clamp down on the smuggling of beans as a disparity in producer prices are encouraging illegal trade with neighboring Ivory Coast. The world’s second-biggest cocoa producer is trying to stop smuggling from Ivory Coast, where the chocolate ingredient cost a quarter less than in Ghana. The […]

IMF Approves One-Year Extension to Ghana’s Credit Program

IMF Approves One-Year Extension to Ghana’s Credit Program

The International Monetary Fund has approved a one-year extension of Ghana’s $918 million credit-facility program after a review of the nation’s progress on monetary and fiscal reforms. The extension will give the West African nation more time to achieve targets such as narrowing the budget shortfall. The IMF approved a payment of $94.2 million to […]

Gender Minister Wages War Against Forced Marriages

Gender Minister Wages War Against Forced Marriages

The Minister for Gender, Children and Social Protection, Otiko Afisah Djaba has pledged government’s commitment to fight any forces or socio-cultural practices that are inimical or disadvantageous to the development and welfare of young girls in Ghana, especially child marriage and child labour. The Minister vowed to use every legitimate means (full enforcement of the […]