Economics

Workers to mark May Day

Ghanaian Workers

Workers in Ghana will today, May 1, 2017, join their counterparts in the world to commemorate International Workers' Day or May Day.

Workers' day is a national holiday in Ghana and a dozen of other countries, marked to celebrate workers as well as highlight their challenges.

This year's celebration is under the theme: “Ghana @ 60: Mobilising Ghana’s Future through the creation of Decent Jobs.’’

The Ghana Employers’ Association (GEA) has commended Organised Labour and all workers of Ghana for their contribution toward the socio-economic development of Ghana.


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US to invest $38 million in Ghana’s agric sector

American Ambassador to Ghana, Mr. Robert Jackson with Hon. Kwaku Asomah-Cheremeh, BA Regional Minister

The American Ambassador to Ghana, Mr. Robert Jackson, has revealed that his country intends to invest considerable resources in the agriculture and health sectors in Ghana.

He made the declaration during a working visit to the Brong Ahafo Region on Tuesday.
The US Ambassador was hosted by the Regional Minister, Mr. Kwaku Asomah-Cheremeh.


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Ivory Coast bears the brunt of Ghana's illegal mining

Benito Owusu-Bio

Prestea (W/R), April 25, GNA - A delegation from Ivory Coast would today hold diplomatic talks with Ghanaian officials over effects of illegal mining in Ghana having rippling effects in that country.

Mr Benito Owusu-Bio, a Deputy Minister of Lands and Natural Resources, told the media in Preatea in the Western Region during the tour of some mining sites.


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Ghana and Russia building stronger economic ties

Shirley Ayorkor Botwe

Moscow, April 25, GNA – For nearly six decades, Ghana and Russia have had an excellent diplomatic relations and still looking to build a stronger economic cooperation. In this exclusive GNA interview, Ms. Shirley Ayorkor Botwe, Minister of Foreign Affairs and Regional Integration, explains to Kester Kenn Klomegah, the Moscow Bureau Chief, a number of significant corporate projects being undertaken by Russians as well as some aspects of the current economic cooperation between the two countries.


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What can Ghana teach South Africa about neocolonialism?

Ghana's first post-independence president, Kwame Nkrumah, was overthrown in a US-backed military coup in 1966 [AP]

In 2011, the South African government announced a plan to create a 9.6-gigawatt nuclear energy programme. The project, they argued, would allow South Africa to diversify its energy sector, move away from coal-based energy production and boost economic growth.

But soon questions were raised about who this large-scale industrial project would ultimately benefit. Allegations have been made that public participation was being sidelined and that interested parties were colluding with the Russian government.


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Akufo-Addo Gov’t Chases 14 Billion Dollars Loan

Agreements Before Parliament; US$4 Billion Already Collected In Less Than 100 Days

It is emerging that Ghanaians, will witness more borrowing under the Akufo-Addo government, contrary to its campaign accusation against the John Mahama government and avowed promise not to borrow to fund its projects.

The Member of Parliament (MP) for Bolgatanga Central, Isaac Adongo, has criticized the governing New Patriotic Party (NPP) for chasing a loan total of 14 billion dollars with a 15-year repayment timeframe a 19 percent interest rate, saying the Akufo-Addo government is not keeping to its campaign promise of not borrowing to undertake developmental projects.


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Policy decisions are anchored on accurate data - Veep

Vice President Dr Mahamudu Bawumia

Accra, April 5, GNA - Vice President Dr Mahamudu Bawumia on Wednesday said policy decisions of the Government were based on accurate data and, therefore, called for adequate investment in data gathering processes that would engender development.

He said without information it would be difficult for the Government to take accurate decisions concerning national priorities.

He said the data produced by various actors must be consistent with the Sustainable Development Goals, match user needs and easily comprehensible.


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World Bank to help Ghana solve economic challenges

President Akufo Addo with World Bank’s Vice President for Africa, Mr Makhtar Diop

Accra, April 4, GNA - The World Bank’s Vice President for Africa, Mr Makhtar Diop, has extended the Bank’s support towards addressing Ghana’s numerous economic challenges.

He said the Bank was concerned about “one of the engines in the sub-region” and was determined to help Ghana emerge out of her current situation.

Mr Diop made the commitment when he called on President Nana Addo Dankwa Akufo-Addo at the Flagstaff House on Tuesday, in Accra.


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Galamsey in Ghana affecting Ivory Coast – Frimpong-Boateng

Ghana's President Akufo-Addo, and Ivory Coast's President, Alassane Ouattara.

Ivory Coast’s semi-public water distribution company, SODECI, recently shut down its water treatment plant in the area because of the level of pollution in the Bia River.

Galamsey menace in Ghana

There has been intense pressure on government to end the illegal practice, and save water bodies and the environment from further destruction.

Currently, some water treatment plants in Ghana have been shut down due to the activities of illegal miners, which have rendered water bodies from which the plants harvest water for processing useless.


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