First Independent Mena Newspaper
The US and Ghana launched Africa’s first nuclear energy training center open to all African countries considering nuclear in their electricity mix, the US Department of energy said. Ghana and the United States are part of broader pledge to triple global nuclear energy capacity by 2050. To further that goal, the U.S. Department of Energy […]
The International Cocoa Organization (ICCO) warned of a bean disease that has infected 81% of the cocoa harvest in Western North, Ghana’s third largest cocoa producing region. The news came as Ghana, the second largest cocoa producer, reported a below average harvest this year at 429,323 tons, as climate change induced heat waves adds to […]
Ghana’s cocoa harvest was 55% less than an average year, standing at 429,323 tons, as climate change induced heat waves took a toll on local farmers. Special commodities monitors have predicted a catastrophic harvest in Ghana and other West African producers this year, following a heat wave and tree disease that damaged the harvest. Cocoa […]
The United States has completed the withdrawal of its military personnel from Niger’s Air Base 101 near the West African nation’s capital, Niamey, which comes ahead of its planned exit from another major drone base near the desert city of Agadez. A joint statement by Niger’s Defense Ministry and the US Department of Defense confirmed […]
The International Monetary Fund gave the greenlight for the disbursement of 360 million dollars to Ghana, after the latter reached an agreement with its creditors to restructure its debt. “The authorities’ strategy aimed at restoring macroeconomic stability and reducing debt vulnerabilities is paying off, with clear signs of stabilization emerging,” IMF Deputy Managing Director Kenji […]
Ghana had reached a deal with bondholders that will forgo nearly $5 billion in a sovereign debt restructuring deal that would help the country avoid default. The deal marks a key step in the country’s quest to restructure its $13 billion debt that left the country on the brink of financial collapse. Bondholders including Abrdn, […]
“If we don’t act now,” the humanitarian crisis that is unfolding in the Sahel will “become a problem for the world,” a senior UNHCR official has warned, echoing a senior UNICEF official that has condemned a “distressing” 70% rise in grave violence against children in several strife-torn countries in the region plagued by jihadists and […]
African governments need to develop robust strategies for the critical minerals sector amid global rush for the continent’s lithium and other strategically important rare metals, a recent research has found. Demand for lithium, for example, tripled from 2017 to 2022, while the critical minerals market doubled in five years, reaching US$320 billion in 2022, according […]
Ghana signed a memorandum of understanding with bilateral creditors, including France and China, to restructure $5.4 billion worth of debt. The deal was seen as a prerequisite for unlocking $360 million from the IMF under a $3 billion bailout program next month. Ghana was the second African country to default on its debt following Zambia […]
Ghana will decide by December which company will build its first nuclear power plant, choosing from contenders including French, US, Chinese, Russian and South Korean energy firms. Faced with power shortages, growing calls for environmentally friendly energy solutions and the vulnerability of hydropower to drought, Ghana has been one of the few African countries exploring […]