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Korea adds $15m to Africa’s Economic Fund
The government of Korea has announced an additional $15 million to the Korea Africa Economic Cooperation (KOAFEC) Trust Fund to support projects in Africa between 2013 and 2014.
The Korean government has therefore signed an amended…
Ghana government abandons PIAC, forcing delay of first half report on oil revenue for 2012
The Ghana government has abandoned the Public Interest and Accountability Committee (PIAC), almost one year after the committee's inauguration.
It appears the government is intent on demoralizing the committee and stalling its work.
The…
Africa said to be losing one million tons of fish every year
The global loss of fish through unsustainable fishing practices is about 20 million tons and Africa's loss is put at one million tons every year.
Making a presentation on the topic 'Harnessing Fishery Resources: Swimming the Tide to…
WCO seizes $40m worth of illicit medicines in Africa, Ghana among big haul countries
Over 80 million doses of illicit medicines worth $40 million have been seized in 16 African countries, and Ghana was among four countries where the biggest hauls were made, the World Customs Organisation (WCO) said October 25, 2012.
The…
Ghana among 17 African countries improving business regulations for local firms
A new report has observed that most African economies are making consistent progress in improving business regulations.
The World Bank-IFC report released October 23, 2012 finds that of the 50 economies making the most improvement in…
Ghana earns $1.1b from non-traditional exports first-half of 2012
Non-traditional exports earned $1.1 billion for Ghana in the first half of this year, Trade Minister, Hannah Tetteh, has said.
The amount represents a six per cent increase in non-traditional export revenue over the figure for the same…
Stable Ghana macro economic environment impacts on money market rates – Economist
Prof Peter Quartey, Head of the Economic Department of the University of Ghana, has said though the Bank of Ghana policy rate declined consistently it has not had any significant effect on the lending rates in the country.
He said the…
Nigerian tech company completes computerization of Ghana rural banks
A Nigerian IT company, Inlaks Computers Limited has completed a computerization project of all the rural banks in Ghana.
According to the Guardian, the project to automate all the 700 rural and community banks on a single instance of…
African countries urged to appropriately harness agriculture land for food security
Africa has abundant land, and yet the continent is teetering at the brinks of food insecurity, poverty and hunger.
The continent has therefore been called upon to appropriately harness its agriculture land to contribute to reducing the…
West overtakes East as fastest growing region in Africa – Prof. Nnadozie
As Africa's strong economic growth continues, the west overtakes the eastern region of the continent.
Prof. Emmanuel Nnadozie, has told journalists covering the Eighth African Development Forum that west Africa currently is growing at…