African agricultural finance under the spotlight

Africa is turning into a fashionable post-crisis investment destination as investors regain their confidence and start to focus on the continent’s lack of direct involvement with the global market’s volatility drivers and trouble hotspots. Africa is benefiting not only from a resumption of international debt and equity flows; it is also a beneficiary of international efforts to maintain the flow of trade finance via multilateral guarantee programmes – 45 issuing banks from 27 countries in sub-Saharan Africa have joined the IFC’s trade finance programme, for example.
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Ghana collaborates with India to manufacture fertilizer

Sunyani, Aug. 24, GNA – Ghana is collaborating with India to manufacture fertilizer in Ghana from by-products from the emerging oil and gas industry, Mr Yaw Effah-Baafi, Deputy Minster of Food and Agriculture in-charge of crops said on Tuesday.
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Communique – Economic Policy and Inputs of CSOs in the 2011 Budget Statement

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Afife Rice Dams In Ruins

TWO DAMS serving the Wheta Afife Rice Irrigation project in the Volta Region, the electoral ‘world bank’ of the ruling National Democratic Congress (NDC), are in ruins and face a shut down anytime soon.
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Coca Cola wants Ghana to reduce taxes

The Coca Cola Company has asked the Government of Ghana to review downwards its current excise tax on beverages in order to avoid a further cut down of its workforce in the country.
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Tariffs on Food Imports in the 2010 Budget Not the Best

In order to boost domestic rice, poultry and livestock production, the minister of finance and economic planning outlined in the 2010 budget plans to restore import duties on these food items including edible oil and fish products. Apart from giving the local production impetus it will also afford the government the opportunity to raise revenue. It could be recalled that at the heat of the global financial meltdown and food shortages at certain part of the world last year, ex President Kuffour waived the import duties on these food items to cushion the price hikes effects on consumers.
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Rice and aquaculture for productivity increase and market development

The national rice and aquaculture development strategies were launched by Ghanaian Ministry of Agriculture at the Alisa Hotel in Accra last week. The launch was jointly coordinated by supporting partners, JICA and FAO.
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Eastern Region receives 3,000 chickens under the National Cockerel Project

The Eastern Region on Monday received 3,000 eight-weeks old chickens for distribution to selected farmers in nine districts under the National Cockerel Project to help boost poultry production and consumption in the area.
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Kofi Annan Holds Talks With Veep

Former United Nations Secretary-General, Kofi Annan, on Monday August 16, held talks with Vice-President John Mahama on governance, leadership and mediation issues at the Castle, Osu.
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Diehard smugglers: How rice cartel cripples Nigeria’s economy

A survey of the nation’s rice markets at Daleko and Iddo in the Mushin and Mainland Local Government Areas of Lagos State respectively shows that rice smuggling has reached new highs, and has, indeed, locked out rice imported legally into the country directly through the nation’s sea ports in Lagos.
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