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News in 'Economy' section

Ghana Opens New Data Storage Center to boost Bonds Market

November 25, 2011 John Atta Mills,Président du Ghana

The Ghanaian government cut the sod for the construction of the first-ever National Data Centre for the country.

No plans to devalue CFA Franc, says BCEAO and BEAC

November 25, 2011 BCEAO HQ,Dakar-Sénégal

The Central Bank of West Africa States (BCEAO) and that of Bank of the Central Africa States (BEAC) have said there are no plans to devalue their common currency, CFA Franc.

The Central Banks of the two sub-regions made the clarification during their annual meeting in the Ivorian commercial capital, Abidjan, in the wake of recent media speculations of a pending devaluation.

Moves to improve the lot of 4.3m Ghanaians living with disabilities

November 24, 2011 Offices of Ghana Association of persons with disabilities

The number of people living with disability in Ghana appears to be on the increase. According to recent national statistics, persons living with disabilities number about 4.3 million, constituting  some 20 % of the national population of  the country.

But the majority of disabled people have often been limited to low scale jobs, with others roaming the streets as beggars.

EU policies pushing Africa, developing countries deeper into poverty

November 22, 2011 Panel at one of CONCORD fora

A group of European development NGOs says the European Union’s policies are continuing to seriously undermine the rights of people in Africa and the developing world.

“You can’t deny that European policies have effects overseas, like right here in Africa,” said Gerard Karlshausen, an official of the Confederation of European Development NGOs (CONCORD), the group that wrote the report.

Smuggling of Ivorian cocoa on the rise

November 21, 2011 fresh Ivorian cocoa

The Ivorian government is trying to boost the country’s cocoa production.

But in order to achieve this goal, the government says it is trying to stop the problem of smuggling.

Niger: 6m people threatened by food crisis, children in danger

November 21, 2011 Plan logo

Six million people in Niger "might be affected by a new looming food crisis,"  as up to 23% of children under 2 years of age severely under nourished, Stefanie Conrad, Plan International West Africa's Deputy Regional Director told WADR in an interview on Monday.

Ghana, world’s fastest growing economy at 13% but miners warn

November 19, 2011 Une mine au Ghana

Ghana’s economy has grown from 7% in 2010 to 13% this year, making it the fastest growing economy in the world, but there are fears that this growth could slow investments due to high taxes.

Sierra Leone showcases its investment opportunities

November 18, 2011 President Ernest Bai Koroma of Sierra Leone

The government of Sierra Leone has kicked off an investment conference on Development and Transformation in the country.

Nigeria Fines Two British Airlines US$ 235m

November 18, 2011 British Airways Boeing 747

Nigerian civil aviation authority has fined two British airlines up to US$ 235 million  in a dispute over ticket prices.

Sub-Saharan Africa needs 200yrs to meet sanitation MDG--says WaterAid

November 16, 2011 Image 1625

A new report titled, OFF TRACK-OFF TARGET, released by the international charity, WaterAid shows that there are more people in the world today lacking adequate sanitation services than in 1990.