Author: citibusinessnews
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NASA to assist Ghana’s smallholder farmers
The Alliance for a Green Revolution in Africa (AGRA) has started a dialogue with the National Aeronautics and Space Administration (NASA) to access data from their over-200 satellites that hover around the earth to provide critical information for smallholder farmers in Africa. The ground-breaking process has already begun, with the first meeting taking place in…
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World Bank may support African coal power
World Bank President, Jim Yong Kim indicated that African “demand for access to power” may lead the lender to support coal projects on the world’s poorest continent. “We are very sensitive to the idea that Africa deserves to have power,” Kim said, referring to the possibility of supporting coal projects. “There’s never been a country that has…
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Cocoa exports to US triple under AGOA
Cocoa and cashew exports from Ghana to the US went up by 300 percent within a period of 13 years under the AGOA initiative. The AGOA initiative has been running for 14 years following its inception in 2000. It is one of the main topics under discussion at the ongoing US- Africa leaders summit in…
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ECG to take huge chunk of MCC power compact cash
A huge chunk of the funds to be received from the Millennium Challenge Corporation (MCC) for the Ghana Power Compact, will go to utility provider, the Electricity Company of Ghana (ECG). MCC is to make an initial investment of up to $308.2 million, including funding to put the Electricity Company of Ghana, the country’s main…
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Involve industry in IMF negotiations – AGI
The Association of Ghana Industries (AGI) is asking government to actively involve industry in its engagement with the international Monetary Fund (IMF). They argue this will ensure that any program entered into with IMF is beneficial to the economy. Government has indicated it is heading to the IMF for a programme to get the economy…