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African scientists to invest $2m into tackling antimicrobial resistance on continent

The African Academy of Sciences (AAS) and the South African Medical Research Council (SAMRC) have jointly announced an investment of $2 million to fund research into the understanding of the burden of antimicrobial resistance (AMR) in Africa. The research institutions would develop relevant technologies and products to address the AMR challenge. AMR …

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State of slum dwellers in Africa critical – PDG

Mr Farouk Braimah, Executive Director of the People’s Dialogue, Ghana (PDG) has revealed that one in eight people or about one billion people live in slums, based on United Nations Habitat 2017 Report. “The proportion of slum dwellers is most acute in Africa 55.9 percent, followed by Asia 27.9 per …

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Rebuilding trust in governments, businesses crucial in stemming corruption – OECD

Dr Angel Gurria, Secretary-General of the Organisation for Economic Cooperation and Development (OECD) has identified re-building public trust in governments and businesses through greater integrity and accountability as a key pillar of the framework for action on inclusive growth, as crucial in stemming corruption in the public space. This is …

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Chinese miners invade Cameroon, exploiting gold without authorization and causing deaths

Some Chinese miners taking advantage of the vagueness in the allocation of mining licences and the laxity of the administration in Cameroon are illegally engaging in semi-mechanized artisanal mining leading to destruction of the environment and many deaths. Sidonie Maboue pulls her hands out of the muddy water to nurse …

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Open letter to the IGP of Ghana: I’m a journalist, I don’t feel safe

Dear Mr. Inspector General of Police, I am a journalist living and working in Accra, and I have been for many years now through some of the difficult times in this country’s political systems. But in 2018, 25 years since Ghana started practicing constitutional democracy, I don’t feel safe anymore …

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Ghana to raise $10b in foreign direct investment

Mr Yoofi Grant, Chief Executive Officer (CEOs) of the Ghana Investment Promotion Centre (GIPC), on Tuesday said the country is seeking to raise $10 billion in foreign direct investment (FDI). “This year’s target is very ambitious and when met, it will aid government with investments in infrastructural developments, especially in …

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Ghana improves ranking to 16th on Africa Investment Index 2018

Ghana’s ranking on the recently published Africa Investment Index for 2018 has improved from a previous 18th in 2016 to 16th and it is expected to move up in next year’s ranking.  The Ghana Investment Promotion Centre which set a target to attract $5 billion foreign direct investments (FDIs) into …

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Ghana records $584.5m trade surplus

Ghana recorded a provisional trade surplus of $584.5 million for the first two months of 2018 on the back of higher export receipts from crude oil.  This compares with a trade surplus of $494.3 million recorded over the same period in 2017.  Speaking at a press conference on the development …

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Moody’s says Bank of Ghana action over UniBank is credit positive for Ghanaian banks

The rating agency, Moody’s says the decision by the Bank of Ghana (BoG)to place the country’s third largest bank by assets, UniBank under administration is credit positive for Ghanaian banks. Moody’s in an email copied to ghanabusinessnews.com says the action signals a stricter regulatory stance. The central bank last Tuesday …

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