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Nigeria takes steps to increase power generation

Nigeria has signalled increasing shift towards the use of coal for the generation of electricity to power its economy as it invests N30 billion in the sector. The West African country has coal reserves of about 25 billion tons and this, the government is eager to exploit. Dr. Dauda Garuba, …

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MoneyGram starts direct money transfer to bank accounts in Ghana

MoneyGram today announces it has started a service that enables direct transfer of money to recipients’ bank account in Ghana. In a release issued today, May 29, 2018 and copied to ghanabusinessnews.com, the money transfer and payment services company says customers making remittances can send money online or at any …

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UK expands export finance appetite in West Africa 

Ghana becomes the first West African country to have a representative of the world’s oldest export credit agency, UK Export Finance (UKEF) stationed in-country.   A statement issued by the British High Commission and made available to the Ghana News Agency said Mr Steve Gray, would be taking up office at …

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UN Chief urges increased climate financing

United Nations (UN) Secretary-General Antonio Guterres has called for enhanced climate financing to address what he termed the “world’s utmost priority”. He said to achieve a “full-scale transition to clean energy, we must see billions of dollars invested by 2020”.  Speaking at the Austrian World Summit in Vienna, he asked …

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Despite increase in aid to education globally, sub-Saharan Africa continues to receive less – UNESCO

While international aid to education has been on an all-time high, the portion of aid to the education sector of sub-Saharan African countries has continued to fall for seven years in a row, a new paper by UNESCO says. The paper by UNESCO’s Global Education Monitoring Report, says aid to …

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CSOs call on African governments to address corruption

As African marks AU Day on May 25, 157 Civil Society Organisations are calling African government institute measures end to corruption. We here by produce the full statement of the letter below. Dear Hon. Moussa Faki Mahama, We welcome the African Union’s 2018 theme, “Winning the Fight Against Corruption: A …

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South Korea announces $5b financial assistance for Africa

The South Korean government has announced a $5 billion financial assistance to Africa, a press release from the African Development Bank (AfDB) says. According to the release copied to ghanabusinessnews.com, the government of Korea and the AfDB issued a joint declaration announcing the assistance following a Ministerial Roundtable of the …

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State intervention vital to drive Africa’s industrialization – Adesina

Dr Akinwumi Adesina, President of the African Development Bank (AfDB) Group, says state intervention is critical to drive Africa’s industrialization – to become a global centre for trade and manufacturing. It called for right policy decisions and regulations, forging stronger partnership with the private sector and fiscal discipline. Dr. Adesina, …

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Investing in non-communicable disease control generates major financial gains – WHO

A new report by the World Health Organization (WHO), has revealed that investing in non-communicable disease control generates major financial and health gains. According to the report, the world’s poorest countries could gain $350billion by 2030 by scaling up investments in preventing and treating chronic diseases, like heart disease and …

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Four West African countries meet to fix cross-border crimes

Ghana, Burkina Faso, the republic of Benin, and Togo have met to find ways of combating cross-border crimes in the sub-region. These four West African neighbours have concluded that crimes were trans-National activities that affected development of these countries in the sub-region. The round table meeting which was a follow …

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