Africa Finance International

Ghana’s president slammed for taking IMF loan yet asking Africa to stop ‘begging’ the West

Ghana’s President Nana Akufo-Addo cannot call on African leaders to stop begging from the West while he is doing the same, said former Nigerian senator, Shehu Sani, in response to Akufo-Addo’s recent advice to African leaders against “begging” from the West. “If we stop being beggars and spend African money inside the continent, Africa will […]

Africa International

Man disguised as senior soldier arrested trying to enter army military installation in Ghana

The Ghana Armed forces has arrested a man using fake soldiers credentials to access the armed forces base in Burma Camp located in the capital city, Accra. The army in a press release said the man identified as Rufai Abubakar was posing as a senior military officer. “The suspect who entered Burma Camp in a […]

Africa Business Headlines International

Côte d’Ivoire, Ghana hail progress in making cocoa buyers pay premium to farmers

Côte d’Ivoire and Ghana, the world’s two largest cocoa producers, as well as the Ivorian-Ghanian Cocoa Initiative (CIGCI), created to guarantee a minimum income to farmers, have noted “efforts” by some manufacturers to pay higher prices to producers, after giving them an ultimatum earlier this month. For several weeks, both countries reproached the chocolate manufacturers […]

Africa International

Protesters in Ghana demand president Akufo-Addo ‘must go’ as inflation worsens

Hundreds of Ghanaians took to the streets of the capital Accra on Saturday (5 November) demanding the resignation of President Nana Akufo-Addo whom they blame the government’s poor handling of the ongoing economic crisis that has seen fuel and food costs spiral to record levels. After once promising a “Ghana without aid,” last week Akufo-Addo […]

Business Finance

World’s worst-performing currencies: Ghana’s cedi, as Nigeria’s naira, SA’s rand also struggle

Ghana’s cedi slumped over the last three days to become the world’s worst-performing currency this year as investors continued to squeeze foreign capital into the West African country. The currency of the world’s second-biggest cocoa producer depreciated as much as 3.3%, which took its losses this year to more than 45%, the most among 148 […]

Culture Headlines Lifestyle

Dozens of Ghanaian public universities go on strike over allowance disputes

Workers including teachers in 15 Ghanaian public universities declared a strike Monday over their allowance disputes with the government, XiHua news agency reports. The strikes were declared by four labor unions of public universities which denounced variation of their conditions of service by the government. The unions in a statement said their leadership has since […]

Blogs Community

Cameroon, Nigeria to join Ivory-Ghana-led Cocoa cartel, boosting growers’ leverage

Cameroon and Nigeria have requested to join the Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI), a joint body spearheading the interests of the two countries in the Cocoa trade — if both countries are admitted, the initiative will represent about two-thirds of global Cocoa production. The initiative was set up after a 2018 declaration by Ivory Coast […]

Africa Headlines International

Accra to host Global Students COP27 Pre-Summit

The Ghanaian capital Accra will host this October 10-14 the Global Students COP27 Pre-Summit that would bring together students and young people from 16 countries to help shape policy options to be deliberated at COP27 later in November in Egypt. Delegates from the host country, Honduras, Austria, Sweden, Denmark, the United Kingdom, Pakistan, Latvia, the […]

Business Emerging Markets

A perfect storm: debt crisis looms for Ghana, other emerging economies in Africa

Ghana is a classic case of emerging economies in Africa and other parts of the world who have been caught in a perfect storm and are struggling to service their foreign currency denominated loans owing to a strengthening US dollar, rising global interest rates and that is made worse by their excessive borrowing. Ghana is […]

Africa International

Gabon to chair UN Security Council from October 6

Gabon will assume from October 6 the chairmanship of the UN Security Council and seeks to propose approaches to address current crises that have engulfed the world. The central African country will take charge of the Security Council on the basis of the alphabetical order adopted by global organization to appoint member States. Ali Bongo […]