Ghana
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Ghana’s cocoa board COCOBOD pays $166mn coupon in first payout since debt swap
The coupon payments mark the first settlement since COCOBOD converted short-term cocoa bills into longer-term bonds under the government’s Domestic Debt Exchange Programme (DDEP).
UK-based energy think tank Ember reports record growth in solar panel imports across Africa
Imports of solar panels from China into Africa have surged dramatically over the past year, pointing to the start of a transformation in how the continent generates electricity.
Japan denies giving away city to Tanzania amid immigration panic
Japan’s government quickly dispelled claims that it was handing over control of a city to Tanzania, after misinformation surrounding a cultural exchange programme triggered a xenophobic backlash.
More than 20 African countries exploring potential of nuclear energy – IAEA report
African countries are working to expand electricity access and production, with many turning to nuclear power to boost energy security, cut emissions, and improve reliability and sustainability.
Ghana think tank demands answers over minister, central bank rift on gold-for-oil scheme
Ghana’s flagship Gold-for-Oil (G4O) scheme, which aimed to cut demand for US dollars to import fuel, was launched in response to a spiralling foreign exchange crisis and surging inflation.
Canada’s Asante Gold secures $172mn in equity to fund Ghana mine expansion
Canada’s Asante Gold Corp. said it has received the net proceeds from its C$237mn ($172mn) equity offering, marking a key step in a $500mn financing plan to expand its mining operations in Ghana.
Ghana launches gold coin to bolster savings and monetary policy
The Ghana Gold Coin is designed as a hedge against inflation, a store of value during currency swings, and an alternative to volatile equities or bonds.
Ghanaian ministers of defence, environment die in helicopter crash along with six others
Ghana's ministers of defence and environment died in a military helicopter crash on August 6, along with six other people, as they travelled to an event related to the ongoing battle against widespread illegal gold mining.
Nigeria-Morocco Gas Pipeline project advances towards construction phase
The $25bn Nigeria-Morocco Gas Pipeline (NMGP) project is nearing the start of its construction phase. The 6,000-kilometre infrastructure initiative has gained momentum following high-level meetings in Rabat in July.
USAID funding cuts have disrupted crucial Demographic and Health Surveys in 23 countries, says OWID
Demographic and Health Surveys that provided crucial data on health, mortality and development in many lower- and middle-income countries were funded by USAID, but are no more.
Climate change devastates global cocoa supplies as prices remain high
Cocoa prices have surged to unprecedented levels as climate change wreaks havoc on West African crops.
Ghana launches whistleblower reward to curb gold smuggling after $11.4bn losses
Ghana’s gold sector has long been plagued by illegal mining and illicit exports. Now the government seeks to curb capital flight and meet revenue targets under its economic recovery programme with the IMF.
Global drought crisis pushes tens of millions towards starvation, warns UN-backed report
A deepening global drought crisis is pushing more than 90mn people to the brink of starvation, with mounting impacts on food, water and energy systems, according to a report released on July 1 by the UN.
Ghana’s former president Akufo-Addo renews push for African credit rating agency
Nana Akufo-Addo accused global financial institutions of unfairly penalising African nations and undermining their development efforts.
Hilton, Marriott announce large-scale Africa hotel expansion drives
Hilton executive describes Africa as "brimming with potential" as its hospitality sector undergoes a major revival.