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Ghana, Sao Tome at par in FH’s 2013 press freedom index
…both rank second in sub-Sahara Africa
Ghana and Sao Tome and Principe (ST&P) have been ranked same as second best countries with freedom of the press in sub-Saharan Africa, according to a Freedom House report released May 1, 2013.…
Ghana must have reasonable budget deficit – AfDB Chief Economist
The Chief Economist at the African Development Bank (AfDB) has described Ghana’s 12.1% budget deficit in 2012 as excessive.
According to Prof Mthuli Ncube, any budget deficit that is above 7% is excessive for an African country.
Prof…
African Development Bank expects private sector portfolio increase to $10b in 2014
The African Development Bank (AfDB) is expecting the size of its private sector portfolio to rise, adding about $2 billion in 2014.
The Bank’s private sector investment currently stands at a little over $8 billion.
“We currently have a…
Ghana government to negotiate wages before drafting future budgets as bill hits $6.67b
The Ministry of Finance says it will undertake wage negotiations before drafting subsequent budgets. This, it says will help reduce the level of agitations that arise as a result of the impact of budget presentations.
Speaking at a…
AfDB addresses climate change in Africa
Food insecurity and climate change are already inhibiting human well-being and economic growth throughout the world and these problems are poised to accelerate.Threats from climate change, population growth and unsustainable resource use…
Ghana set to use US FDA-developed hi-tech fake anti-malaria drug detective device
The US Food and Drug Administration (FDA) on April 24, 2013 launched a device to help identify counterfeit or substandard anti-malarial medicines, including falsified products.
Developed by FDA scientists, the counterfeit detection device…
Visa study says 93% of Ghanaians aware of mobile money but…
A new study by Visa Inc., says 93 percent of Ghanaians are aware of the mobile money product, but did not say how many use the product.
According to Visa, the number in Ghana is higher than the average 56 percent across all the six regions…
Nigeria joins Ghana in mobile number portability after nearly two years
Nigeria yesterday April 22, 2013 officially launched its version of the mobile number protabillity (MNP) system, nearly two years after Ghana implemented the system.
With legal backing, Ghana started MNP July 7, 2011, which was believed to…
IFC issues $23b credit guarantees for developing countries
The International Finance Corporation (IFC) said April 19, 2013 that it has provided $23 billion in credit guarantees through its Global Trade Finance Programme for developing countries since 2005.
According to the World Bank Group member,…
Sub-Saharan Africa receives $31b remittances in 2012 – World Bank
Remittances flow to sub-Saharan Africa reached about $31 billion in 2012, the World Bank estimated April 19, 2013.
According to the Bank, remittances to the region have been recovering from the contraction associated with the global…