Business in Ghana

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Archive for January, 2011

U. S. DIVERSITY VISA LOTTERY PROGRAM

Posted by Business in Ghana on January 26, 2011

We wish to alert the public of recent scams and fraudulent claims regarding the U.S. Diversity Visa lottery program. In these scams, individuals or companies are sending congratulatory messages via email that ask the recipient to pay various fees through the Western Union Money Transfer for a permanent U.S. resident permit or green card. These messages are false. Read the rest of this entry »

Posted in Social Services, Uncategorized | Tagged: , | 1 Comment »

Sub-Saharan Africa’s Recovery Maintains Momentum

Posted by Business in Ghana on January 26, 2011

Source: World Bank Report

In its World Economic Outlook Update, the IMF said most countries in sub-Saharan Africa have recovered quickly from the global financial crisis, with the region projected to grow 5½ percent in 2011.

Low income countries, which escaped the worst impacts of the global crisis, are expected to match pre-crisis growth rates of about 6½ percent in 2011. But the recovery in South Africa has been more subdued, restricting projected growth to about 3½ percent in 2011. Read the rest of this entry »

Posted in Financial Services, Uncategorized | Tagged: , , , , , | 2 Comments »

IMANI in top 25 most innovative policy think tanks in the world

Posted by Business in Ghana on January 25, 2011

Out of a total 6,480 think tanks from 169 countries, IMANI was the only African think tank ranked among the top 25 think tanks with the most innovative policy ideas around the world.  Again IMANI is one of only four African think tanks named in the top 75 global leading think tanks, and for the third time running, IMANI was ranked one of top 25 think tanks in sub-Saharan Africa.

Read the rest of this entry »

Posted in Franklin Cudjoe, Social Services | Tagged: , , , | 4 Comments »

World Bank Approves US$215million Budget Support for Ghana

Posted by Business in Ghana on January 24, 2011

Funds to help consolidate macro-economic stability, public financial management, 
public sector reform, energy and social protection.

The World Bank board today approved a US$215 million Poverty Reduction Support Credit (PRSC) to the Government of Ghana. The goal of the credit is to support the government’s efforts to consolidate ongoing fiscal stabilization and promote the development objectives set in the Ghana Shared Growth and Development Agenda (GSGDA), Ghana’s national medium term development policy framework for 2010-2013. Read the rest of this entry »

Posted in Financial Services, Uncategorized | Tagged: , , , , , | Leave a Comment »

Building Capacity to Manage Ghana’s Oil – World Bank assists with US$38 million

Posted by Business in Ghana on January 24, 2011

Government Agencies, Local Authorities, Educational Institutions and Civil Society to benefit

The World Bank Board today approved a credit of US$38 million to the Government of Ghana for implementation of an Oil and Gas Capacity Building Project.

The Project, which has become necessary following Ghana_s discovery of oil and gas in commercial quantities has two main objectives: first, to help improve public management and regulatory capacity and enhance sector transparency by strengthening the institutions managing and monitoring the sector; and second, support the development of indigenous technical and professional skills needed by the petroleum sector through support to selected educational institutions. Read the rest of this entry »

Posted in Financial Services, Uncategorized | Tagged: , , , | Leave a Comment »

President-elect bans Ivory Coast cocoa exports

Posted by Business in Ghana on January 24, 2011

Traders are bracing for a jump in the price of cocoa on Monday, after the internationally recognised president-elect of Ivory Coast imposed a one month export ban in an attempt to oust Laurent Gbagbo, who the international community said lost elections though he remains president. Read the rest of this entry »

Posted in Politics, Uncategorized | Tagged: , , , , , , | Leave a Comment »

On Fuel Hikes and Petro-Economics

Posted by Business in Ghana on January 6, 2011

By Sydney Casely-Hayford, Sydney@bizghana.com

The Tema Oil Refinery (TOR) debt is a shifting target.  Without it’s interest element, the current principal debt is estimated at Ghc1.5billion.  This figure includes balances due to Ghana Commercial Bank (GCB), Barclays Bank, Standard Chartered Bank and other TOR notes raised on the commercial markets.  According to the Finance Minister Dr. Kwabena Dufuor, the balance due to GCB alone as at December 31, 2010 is approximately Ghc640million. Read the rest of this entry »

Posted in Oil and Gas, Sydney Casely-Hayford | Tagged: , , , , , , , , | 16 Comments »

Completing the loop on the Slave Journey to the Americas

Posted by Business in Ghana on January 6, 2011

A Group of African Americans Head back As Free Men and Women to the Land of their Ancestors

In late December, Cameroon will be the first African nation to host a DNA-certified group of African American returnees to the country of their origin.  Some 50 African Americans from the United States will travel to the Central African country for a 10-day visit following DNA certification of their ancestral origins. Their ancestors were found to have come from different ethnic groups, including the Tikar, Bamileke and Masa, in the Central African country. Read the rest of this entry »

Posted in Tourism, Uncategorized | Tagged: , , , , , , | 1 Comment »

CÔTE D’IVOIRE: UN Will Robustly Fulfil Mandate To Protect Civilians

Posted by Business in Ghana on January 6, 2011

Source: UN Report

The United Nations peacekeeping mission in Côte d’Ivoire will “robustly” fulfil its mandate, breaking through roadblocks if needed, to protect civilians and the “legitimate Government” after the outgoing president’s refusal to step down in the face of his rival’s internationally recognised electoral victory, a top UN official warned today. Read the rest of this entry »

Posted in Politics, Uncategorized | Tagged: , , , , , , , | 1 Comment »

As Ghana Grows, Demand for Water Follows

Posted by Business in Ghana on January 6, 2011

Source: World Bank Report

In Accra, Ghana’s bustling capital city of close to two million people, urban growing pains are evident:  traffic-clogged roads, sprawling neighborhoods, and water taps that sometimes run dry.

While 90% of the capital city’s residents have access to safe water, only about one-third have drinking water piped into their homes and even among that group, many get only an irregular supply. Read the rest of this entry »

Posted in Uncategorized, Water Works and Housing | Tagged: , , | 1 Comment »