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Chinery-Hesse – Ghana’s Bill Gates
It's just past midnight, and Herman Chinery-Hesse can't sleep. The 43-year-old entrepreneur is lying on his back, eyes closed, mind cranking.
He's working through the details of a pitch to American and European investors — many of whom…
Ghana to spend $775m on natural gas plant
Ghana intends to spend $775 million on a plant to process natural gas from the Jubilee oil and gas field which was discovered last year, the President’s press secretary, Andrew Awuni has said.
The plant, to be built at Atuabo in the…
Bush unveils $17.4bn car bail-out
The US government will provide $17.4bn (£11.6bn) in loans to troubled carmakers GM, Chrysler and Ford.
President George W Bush said allowing the US car industry to fail would not be "a responsible course of action".
Carmakers will get…
Climate change endangers global chocolate supply
Scientists say that as climate change increases, the world’s chocolate supply could start to run low.
Chocolate is made from the seeds of the cocoa tree and in recent years demand has risen worldwide. But diseases destroy a third of the…
Ghanaian found guilty of $10m fraud in U.S.
A 42-year-old Ghanaian man has been found guilty of fraud in Newark, United States of America.
The man, Michael Kyereme, who works as an information technology specialist appeared in court accused of stealing thousands of dollars from…
Kufuor denies rumours of stashed billions
President J.A. Kufuor has debunked claims contained in leaflets circulating nation-wide that he has stashed GH¢998 billion at the Prudential Bank.
He says neither he nor his ministers have any money at the said bank.
He explained further…
Cocoa purchases in Ghana drop to a third
Cocoa purchases declared by private buyers to Ghana's COCOBOD industry regulator in the first 12 weeks of the 2008/09 season were down by a third at just over 300,000 tonnes, industry sources said on Tuesday.
The first 12 weeks of the…
Zain switches on network in Ghana
Kuwaiti mobile operator Zain launched a hi-tech 3.5G network in Ghana on Monday December 15, 2008 in the latest step in its plans to become one of the world's top 10 operators by 2011, the head of its African operations said.
Zain, which…
In Ghana they know how to count, but the rest of us don’t
Last week’s elections in Ghana have gone into the second round, after the main contenders failed to win more than 50 per cent of the vote.
The ruling New Patriotic Party (NPP's) candidate, Nana Akufo-Addo won 49.1 per cent of the vote,…
Africa may benefit from carbon capture fund
The continent of Africa is likely to benefit from a fund that has been launched in Europe to invest in companies that capture and remove greenhouse gases from the atmosphere, a story on the website of Fin Alternatives has said.
According…