Finance

Ghana removed from money laundering blacklist

October 25, 2012

Ghana removed from money laundering blacklist

Ghana, Algeria, Angola and Morocco have been removed from the list of blacklisted countries that failed to meet international standards to prevent money laundering. Ghana has been identified as one of the countries with a number of illegal money transfers, a situation which forced the Financial Action Task Force (FATF) to blacklist Ghana last February.But the FATF has more...

Economy , Finance , News

Dutch banks involved in 1,5 billion dollar loan facility to COCOBOD.

September 24, 2012

COCOBOD and a consortium of banks lead by Rabo Bank from the Netherlands sign 1.5 billion loan agreement,14 other international banking institutions signed the agreement. The Dutch, Ghana largest export partner, especially in the cocoa sector, re-established their involvement in Ghana and the development of our country, with this unique facilitation. Rabobank more...

Business , Economy , Finance

MIGRANTS’ REMITTANCES – WHAT ARE THEY WORTH?

September 11, 2012

MIGRANTS’ REMITTANCES – WHAT ARE THEY WORTH?

Migrants’ remittances to developing countries in 2010 amounted to some $325 billion, about three times the size of official development assistance.  But how useful are they to economic development?   International migration is the least developed vector of globalization.  Trade, investment and finance are very free and open, and have grown exponentially in more...

Economy , Finance

Preventing illegal flow of guns is key to reducing poverty

September 11, 2012

Preventing illegal flow of guns is key to reducing poverty

UNDP echoes the call for tougher measures to curb illicit small arms, reduce violence and give affected countries a better chance to overcome poverty. New York—As talks on curbing the illicit trade in small arms ended here Friday, the United Nations Development Programme (UNDP), Mexico, Switzerland and other countries urged a stronger international commitment to more...

Economy , Finance

Burundi’s gains BIF 20 billion Grant for Economic Reforms

August 23, 2012

Burundi’s gains BIF 20 billion Grant for Economic Reforms

"The ADB is a major contributor to the financing of development in Burundi ... We appreciate the multifaceted support that the institution continues to give the government and people of Burundi." Mr. Abdallah Tabu Manirakiza, Minister of Finance and Economic Development Planning in Burundi, made ​​this statement, Wednesday, August 8, 2012 in Tunis, when signing more...

Finance

Burkina Faso receives CFA 80 billion grant for roads and transportation

July 27, 2012

Burkina Faso receives  CFA 80 billion grant for roads and transportation

The African Development Bank (ADB) has awarded 80 billion FCFA in Burkina Faso for the rehabilitation of roads and transport facilitation in the corridor with Togo. The signing ceremony of the funding agreement was held Thursday, July 19, 2012, in Ouagadougou, between the Government of Burkina Faso, represented by Mr. Lucien Marie Noel Bembamba, Minister of Economy and more...

Finance

Rules on national support for industry electricity costs in context of the EU Emission Trading Scheme

May 27, 2012

Rules on national support for industry electricity costs in context of the EU Emission Trading Scheme

Brussels, 22 May 2012 - The European Commission has adopted a framework under which Member states may compensate some electro-intensive users, such as steel and aluminium producers, for part of the higher electricity costs expected to result from a change to the EU Emissions Trading Scheme (ETS) as from 2013. The rules ensure that national support measures are designed in more...

Finance

Should Food Security be an issue in the 2012 Elections in Ghana

April 12, 2012

Should Food Security be an issue in the 2012 Elections in Ghana

Ghana has been hailed as a “beacon of hope” on the African continent due to its record of political stability and progress in development areas. In about seven months from now the country will once again go to the polls to judge the governance of the current NDC led regime, and the question is what this judgment by the people should be based on. In a recent article more...

Business , Economy , Finance , Food , News , Politics

New Partnership Strategy for Mozambique Approved

April 5, 2012

New Partnership Strategy for Mozambique Approved

Sharper Focus on Transformational Projects   This week, the World Bank Group’s Board of Executive Directors endorsed a new Country Partnership Strategy (CPS) for Mozambique covering the period 2012 through 2016 and designed to promote inclusive, broadly-shared economic growth.   “The Country Partnership Strategy discussed today is fully aligned more...

Economy , Finance

Will the France also endorses Nigeria’s Finance Minister for World Bank President…

March 29, 2012

Will the France also endorses Nigeria’s Finance Minister for World Bank President…

  The African Union has given a resounding support to the candidacy of Nigerian Finance Minister Ngozi Okonjo-Iweala for president of the World Bank. Nominations for the post were concluded last Friday. In a statement Monday, the AU said the “impeccable credentials of Dr. Okonjo-Iweala make her the best candidate for the position. It described her as a more...

Economy , Finance , News

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