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Ghana needs $40m to bridge agric sector financing gap – FAO

African Regional Programme Leader of Food and Agricultural Organisation (FAO), Dr Ade Freeman, has said about $40 million is needed to fill the financial gap in the agricultural sector. He said there was a deficit in the sector and until that amount was amassed the sector would continue to lag behind. Dr Freeman said this at a stakeholders’ engagement on ...

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Ghana moves four places down in top 10 investment destinations in Africa

Celeste Fauconnier

Ghana has recorded a downward slope by placing 9th as one of the preferred investment destination hub in Africa, according to a study by Rand Merchant Bank Ltd (RMB). Findings by RMB analysts and co-authors of the study, Celeste Fauconnier and Neville Mandimika showed that Ghana dropped from fifth to ninth place in the 2019 rankings mainly as a result ...

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Govt secures US$230m for mini grids project – 55 Isolated communities to benefit

An ambitious project is underway to install 55 small-scale renewable electricity production and distribution systems, known as mini grids, in island communities on the Volta Lake and those with limited access to the national grid by 2020. So far, some US$230 million has been dedicated to the implementation of the project which is being executed by the Volta River Authority ...

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Ghana to end tomato imports, cut rice imports by 50% in 2019

Ministry of Food and Agriculture says it is looking to cut down imports of rice by 50 per cent as well as end the importation of tomato this year. Deputy Minister for the Ministry of Food and Agriculture, George Oduro said the government is working to cut the levels of food import significantly. He said “this year alone, our target ...

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IMF to disburse last US$185.2million to Ghana as 4-year ECF ends

The Executive Board of the International Monetary Fund(IMF) has completed the last review of the Extended Credit Facility (ECF) for Ghana, signifying the conclusion of the four-year support programme. The Executive Board decision now allows for the disbursement of the last tranche of SDR132.84 million (about US$185.2 million) to Ghana. The board completed the seventh and eighth reviews on Wednesday March ...

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Business Devt Ministry works on policy – Efforts to address entrepreneur difficulties…

The Ministry of Business Development is developing a national entrepreneurship policy to help address most of the difficulties faced by entrepreneurs. It has started the process by successfully initiating a draft document of the policy. The ministry, as part of its broader stakeholder engagement in the development of the policy, has met with stakeholders in the private sector, including the ...

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GREDA pushes for review of Ghana’s Mortgage Act

The Ghana Real Estate Developers Association (GREDA) has asked for a review of the Home Finance Mortgage Act, 2008(Act 770) to help promote and develop the mortgage sector. An amendment, the association stated, should make it simple and unambiguous for easy interpretation and application for stakeholders who consist of the judiciary and law enforcements agencies. It should also seek to ...

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Vodafone Ghana introduces 4G on March 19

Vodafone Ghana will on Monday 19 launch its 4G network service across major cities in Ghana. This is to help give superior internet service to Vodafone customers across Ghana. At a pre-launch media briefing in Accra on Tuesday, the Chief Executive Officer of Vodafone Ghana, Yolanda Cuba, said the technical team of the company have been able to fast track the ...

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Extend accountability efforts to mining sector — Dr Manteaw

Dr Steve Manteaw

The Co-Chair of the Ghana Extractive Industries Transparency Initiative (GHEITI), Dr Steve Manteaw, has called for critical interventions to halt abuse of revenues, particularly those accruing from the mining sector. “Even if we (PIAC) do not have the prosecutorial powers, we can resort to existing institutions of state that have it, so, the GHEITI does not just disclose but where ...

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African governments must stop paying lip service to agriculture – Prof Danquah

Professor Eric Yirenkyi Danquah, the Founding Director of the West Africa Centre for Crop Improvement (WACCI), University of Ghana, has urged African governments to stop paying lip service to the development of agriculture. “We have paid lip services to the development of agriculture, our engine for growth and we are expecting different results doing the same thing over and over,” ...

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