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Feature Articles

Food security for future thought

At the Tallberg Forum, Sweden, I heard two women farmers from Ghana lament, “The food we produce we do not eat, the food we eat we do not produce.” Would India’s farmers sing a different sorrow? According to the latest FAO report, the number of hungry people worldwide increased from …

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African unity is necessary for continent’s economic growth – Wolfensohn

The former President of the World Bank, Sir. James Wolfensohn has asked African countries to unite, because it is the only way the continent can achieve economic growth. He said the diversity of the continent of 53 countries puts Africa at a disadvantaged position when the continent has to negotiate …

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Ghana and the global financial challenges of 2009

The year 2009 is going to be a very challenging one for most developing countries including Ghana. Ghana like most of the developing world, is linked to the fortunes of the developed economy and any economic crisis that the developed world will go through is likely to affect both the …

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Virginity pledges not kept – study shows

As many as one in eight teens in the United States may take a virginity pledge at some point, vowing to wait until they’re married before having sex. But do such pledges work? Are pledge takers more likely than other teens to delay sexual activity? A new study looked at …

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Risk management in financial markets

There is a common adage in finance that “risk and return are proportionate”. Well-diversified portfolio protects investments from the downside risk and this follows the principle that diversification reduces risk which is true at least for the lovers of Means-Variance Analysis (MVA). Hedge funds, nonetheless, often make this risk-return efficiency …

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Africa’s women: Farming to feed the continent

Like many African women, Mazoe Gondwe is her family’s main food provider. Lately, she has struggled to farm her plot in Malawi due to unpredictable rains that are making her hard life even tougher. “Now we can’t just depend on rain-fed agriculture, so we plant two crops – one watered …

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Ghana: A country overview

Ghana will hold a run-off vote on Sunday December 28, 2008 to decide who will be president of Africa’s newest emerging oil producer, already a magnet of investor interest. The deciding ballot pits Nana Akufo-Addo, of the ruling New Patriotic Party (NPP), against the opposition National Democratic Congress (NDC)’s John …

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Nigerian enterprises oiling Ghana’s economy

Before 2005, there were no fewer than 95 Nigerian commercial banks in an amorphous pack, with many of them showing deep signs of systemic malfunction and dense stress, requiring a surgical operation to avoid the unpleasant and unprecedented distress of the 1990s. So when Central Bank Governor, Chukwuma Soludo applied …

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Drugs trade threatens to destroy Ghana’s image

Hopes of future oil prosperity have given a lift to Ghana’s presidential election race, but drug trafficking threatens to spoil the West African country’s image with the stain of corruption. During the heated election contest, to be decided in a December 28 run-off, lurid headlines in the partisan press accused …

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Dumpong Rural Bank makes modest gains

Management of Dumpong Rural Bank increased its deposits from 760,000 Ghana cedis in 2006 to 1,059,000 Ghana cedis last year representing an increase of 40 per cent. The bank made a net profit of 10,094 Ghana cedis in 2007 as against a loss of 67,440 Ghana Cedis in 2006 while …

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