Category: Featured
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Soya Bean farmers urge govt to address PFJ challenges
The Ghana Soya Bean Farmers and Aggregators Association has called on the government to address the challenges of the first phase of the Planting for Food and Jobs (PFJ) initiative to ensure the success of the new phase. President Nana Addo Dankwa Akufo-Addo launched Phase two of the government’s flagship programme on agriculture, “Planting for…
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African Development Bank announces $25 billion pledge to boost climate finance in Africa
President of the African Development Bank (AFDB), Akinwunmi Adesina, has announced a pledge by the AFDB to allocate $25 billion in funding to Africa’s Climate Fund over the next 27 years. This ambitious financial commitment he said underscores the AFDB’s dedication to advancing climate finance initiatives in Africa, with the goal of expediting the transition…
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Let us harness the economic potential of medicinal plants – Prof. Yankah to African Nations
A call has been made for African countries to harness the immense economic potential and commercial value of herbal medicinal plants to address their economic deficits. Professor Kwesi Yankah, former Minister of State in charge of Tertiary Education, emphasized that the wealth of the continent’s medicinal plant resources remains largely untapped. By prioritizing medicinal plants…
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GEPA seeks $600 Million allocation to achieve $25 billion export target
The Ghana Exports Promotions Authority (GEPA) is facing a significant funding gap as it strives to meet the ambitious $25 billion export target set under the National Export Development Strategy (NEDS). A senior official from GEPA revealed that the authority requires $600 million over the next year to achieve this target, a stark contrast to…
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Government spends GH¢2.9 Billion on PFJ while Agric sector growth stagnates at 0.7% – Minority
Government spending on its flagship agricultural program, Planting for Food and Jobs (PFJ), introduced in 2017, has reached an estimated GH¢2.9 billion, according to statements made by the minority in Parliament. A breakdown of the expenditure reveals that the government allocated GH¢400 million in 2018, GH¢380 million in 2019, and GH¢400 million in 2020. Additionally,…
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Collaborate to deal with perceived risk of investing in Africa – Amin Adam to African countries
The Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam, has urged African countries to collaborate to address the perceived risk of investing in Africa. The minister said that available data suggests that out of the $2.3 trillion allocated for investment in renewable energy worldwide, only $55 billion has been invested in Africa,…
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Oversubscription of govt treasury bills to continue over DDEP gains – Analyst predicts
Financial analyst, Courage Boti is predicting that government’s treasury bills will continue to be oversubscribed in the coming weeks. This, he attributes to gains made by the government in its debts restructuring exercise. The government has recorded an oversubscription of its treasury bill for two weeks in a row, with last week registering roughly 15.10…
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IMF deal: Ghana stands ready to unlock second disbursement – Economist
Economist, Dr. Patrick Assuming is optimistic Ghana will be able to receive the second tranche of $600 million from the International Monetary Fund (IMF) after the review of the bailout programme later in September. A visiting team from the Fund is expected to arrive in Ghana to assess the country’s eligibility for the second disbursement.…
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Capital market access: Amin Adam stresses on fairness for African countries
The Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam has emphasized the urgent need for a flexible environment for developing countries, including Ghana, to borrow freely from the international capital market. He believes that the current system, whereby development partners finance countries with stringent policy conditions, is impeding the socio-economic development of…
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Govt. urged to commit more investments to enhance AI competencies
Government has been encouraged to commit more investment towards building the competencies of the student population in using Artificial Intelligence (AI) to help transform the country in the technological space. This, according to Deep Learning Indaba, a non-profit organization will strengthen machine learning and promote African innovators towards economic resilience. Delali Agbenyegah is one of…