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Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

The deputy Energy Minister, Andrew Egyapa Mercer, has confirmed that the initial consignment of 40,000 tons of oil brought into the country under the Gold-for-oil policy was purchased with cash and not gold as widely claimed by the Vice President, Dr Mahamudu Bawumia. His disclosure comes after several calls by Industry experts such as the Institute of Energy Securities and ...

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Four West African nations get $311 million from World Bank for renewables

The World Bank has signed an agreement with four West and Central African nations worth $311 million to fund renewable energy projects. The funds will finance around 106 megawatts (MW) of solar power generation capacity with battery energy and storage systems, and 41 MW expansion of hydroelectric capacity. The countries are Sierra Leone, Liberia, Togo, and Chad. The funds will ...

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EC plans voter registration on Feb. 16 ahead of district-level elections

The Electoral Commission, Ghana (EC) is considering Thursday, February 16 for its planned continuous registration ahead of the district level and unit committee elections later this year. Per the timetable for the EC, as sighted by 3news.com, two meetings of the Inter-Party Advisory Committee (IPAC) should be held before the date is confirmed. The Commission also intends to set up regional and district ...

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Equatorial Guinea appoints its first female prime minister

Equatorial Guinea’s President Teodoro Obiang Nguema on Tuesday appointed his vice-minister of education, Manuela Roka Botey, as prime minister, the first time a woman has held the role in the West African country. Botey’s new position was announced on state television late on Tuesday. Obiang, 80, was re-elected for a sixth term in office in November with 95% of the vote, cementing ...

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Fuel prices expected to jump in February – IES projects

Prices of fuel at the various pumps is expected to inch higher in the first pricing window of February, says the Institute for Energy Security (IES). Per projections made by the IES, prices of diesel, petrol, and LPG will go up by some 7% to 13%. According to the IES, the anticipated price increase follows a market rise in the ...

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Africa loses $88bn annually through illicit financial flows – Akufo-Addo

President Nana Akufo-Addo has called for the use of tax policies, among others to check illicit financial flows out of the continent. The president said illicit financial flows cost Africa close to 100 billion dollars which denies the continent the needed resources to facilitate growth and development. Speaking during the closing session of the maiden African Prosperity Dialogues dubbed, ‘the ...

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Ghanaian civil society calls on private lenders to cancel external debt

A group of Ghanaian civil society organisations is calling on international lenders to cancel enough of Ghana’s debt to make it sustainable. They call on Ghana to be supported by the G20, and UK in particular, to stay in default on all external creditors who refuse to accept the scale of debt cancellation needed. In December Ghana announced it is ...

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Government working to pay road contractors – Amoako-Attah

The Government is working to pay road contractors to enable them to complete ongoing projects in the country, Roads and Highways Minister, Kwasi Amoako-Attah has said. Responding to questions at the hearing of the Public Accounts Committee (PAC) of Parliament on Thursday, in Accra, he said the delays in completing road projects could be attributed to the payment of contractors ...

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Parents flee exorbitant fees in private schools to enroll wards in public schools

Some parents in Kumasi say they have been compelled to withdraw their wards from basic private schools as the cost of education in those facilities has shot up. The worried parents say moving their children to public schools has become inevitable due to the ballooning cost of tuition, feeding, transportation and stationery.  They believe it has become necessary to find ...

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China’s population falls for first time since 1961

China’s population has fallen for the first time in 60 years, with the national birth rate hitting a record low – 6.77 births per 1,000 people. The population in 2022 – 1.4118 billion – fell by 850,000 from 2021. China’s birth rate has been declining for years, prompting a slew of policies to try to slow the trend. But seven ...

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