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<p>&nbsp;</p>
<p>As Ghana works on its economic recovery, President Nana Akufo-Addo says an additional three hundred thousand vaccines are expected in the course of this week as the country is targeting 20 million vaccinations by the end of the year.</p>


GATSII50

Unpacking Ghana’s economic recovery & vaccination strategy

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<p>Ghana has begun mass vaccinations after receiving 600,000 doses of the Oxford-AstraZeneca vaccines from the UN-backed Covax distribution initiative. President Nana Akufo-Addo advised citizens to ignore conspiracy theories surrounding the vaccine and encouraged Ghanaians to get the jab. Courage Kingsley Martey, Senior Economist at DataBank Group joins CNBC Africa for more.</p>


COVID-19: Ghana begins mass vaccinations

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<p>Ghana’s president Nana Akufo-Addo highlighted the systematic efforts made by powerful companies that do business in Africa to facilitate the illegal transport of resources and wealth outside the continent. He was speaking to CNBC Africa’s Godfrey Mutizwa, on the need to prevent illicit outflows from the continent.</p>


#Davos2021: Nana Akufo-Addo on how to prevent illicit outflows from Africa

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<p>In a session at the 2021 World Economic Forum’s virtual Conference, Ghana’s President Nana Akufo-Addo spoke on the path to a sustainable recovery for Africa while responding to questions by CNBC Africa’s Godfrey Mutizwa.</p>


#Davos2021: Nana Akufo-Addo on the path to sustainable recovery for Africa

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<p>At his second term inauguration speech, Ghana’s President Nana Akufo-Addo says the mandate of his government will be to establish a strong economy. Courage Kingsley Martey, Senior Economist at Databank Group joins CNBC Africa to discuss Ghana’s path to recovery.</p>


2021: What will it take for Ghana’s economy to bounce back?

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<p>Databank says the economic uncertainties driven by COVID-19 along with the elections continued to play out negatively on market performance in Ghana as investors adopt a wait-and-see approach ahead of the polls.</p>


How COVID-19

How COVID-19, political risk impacts investor sentiment in Ghana

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<p>Ghanaians head to the polls today to cast their votes for the president and parliamentarians of their choice. Although there are 12 candidates for the top job, the foremost presidential contenders are; incumbent President, Nana Akufo-Addo of the New Patriotic Party and Ghana’s former President, John Mahama of the National Democratic Congress. Yvonne Mhango, Sub-Saharan Economist at Renaissance Capital joins CNBC Africa&#8217; Kenneth Igbomor for a breakdown of the economic policies of these candidates.</p>


Ghana Elections: Who is better for the economy?

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<p>Ghana’s President Nana Akufo-Addo says the country has reached an agreement with the Bank of Ghana and other commercial banks in the country to raise three billion cedis to support specific industries affected by the COVID-19 pandemic. John Gatsi, Dean of the School of Business at the University of Cape Coast joins CNBC Africa to assess the palliatives rolled by the Ghanaian government so far.</p>


How Ghana plans to help its COVID-19 hit industries stay open

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<p>In his seventh address to the nation, Ghana’s President Nana Akufo-Addo announced the suspension of the 3-week partial lockdown citing the country’s better understanding of the dynamism of the coronavirus, an expansion in the number of treatment and isolation centre among others as reasons for the suspension. Kojo Oppong Nkrumah, Ghana’s Information Minister joins CNBC Africa for more.</p>


Here’s what Ghana is doing to strengthen measures against COVID-19 pandemic

Ghana lifts lockdown on key regions as COVID-19 cases reach 1,042

Ghana lifts lockdown on key regions as COVID-19 cases reach 1,042. shutterstock_422422516


<p>NAIROBI (Reuters) &#8211; Several African governments on Sunday closed borders, canceled flights and imposed strict entry and quarantine requirements to contain the spread of the new coronavirus, which has a foothold in at least 26 countries on the continent as cases keep rising.</p>



<p>South African President Cyril Ramaphosa declared a national state of disaster and warned the outbreak could have a “potentially lasting” impact on the continent’s most-developed economy, which is already in recession.  </p>



<p>Measures to be taken there include barring travel to and from countries such as Italy, Germany, China and the United States.  </p>



<p>“Any foreign national who has visited high-risk countries in the past 20 days will be denied a visa,” he said, adding that South Africans who visited targeted countries would be subjected to testing and quarantine when returning home. </p>



<p>South Africa, which has recorded 61 cases, will also prohibit gatherings of more than 100 people, Ramaphosa said. [nL8N2B8163] </p>



<p>Kenyan President Uhuru Kenyatta said his government was suspending travel from any country with reported COVID-19 cases.</p>



<p>“Only Kenyan citizens, and any foreigners with valid residence permits will be allowed to come in, provided they proceed on self-quarantine,” he told the nation in a televised address.  </p>



<p>The ban would take effect within 48 hours and remain in place for at least 30 days, he said.   </p>



<p>Schools should close immediately and universities by the end of the week, he added. Citizens would be encouraged to make cashless transactions to cut the risk of handling contaminated  money.  </p>



<p>Kenya and Ethiopia have now recorded three and four cases respectively, authorities in each nation said on Sunday, two days after they both reported their first cases.  </p>



<p>In West Africa, Ghana will ban entry from Tuesday to anyone who has been to a country with more than 200 coronavirus cases in the past 14 days, unless they are an official resident or Ghanaian national. Ghana has recorded six cases.     </p>



<p>President Nana Akufo-Addo said in a televised Sunday evening address that universities and schools will be closed from Monday until further notice. Public gatherings will be banned for four weeks, he said, though private burials are allowed for groups of less than 25 people.  </p>



<p>In southern Africa, Namibia ordered schools to close for a month after recording its first two cases on Saturday.  </p>



<p>Djibouti, which has no confirmed case of COVID-19, said on Sunday it was suspending all international flights. Tanzania, which also has no cases yet, canceled flights to India and suspended school games.  </p>



<p>Other nations have also shuttered schools, canceled religious festivals and sporting events to minimize the risk of transmission. Some 156,500 people worldwide have been infected and almost 6,000 have died. [nL4N2AY3AS] </p>



<p>(Reporting by Wendell Roelf in Cape Town, Edward McAllister in Dakar, Omar Mohammed and Duncan Miriri in Nairobi, Giulia Paravicini in Addis Ababa, Nyasha Nyaungwa in Windhoek and Christian Akorlie in Accra; Writing by Giulia Paravicini; Editing by Alexandra Hudson, Peter Cooney and Diane Craft)</p>



<p>This article was first published on Reuters Africa <a href="https://af.reuters.com/article/topNews/idAFKBN2130YS-OZATP">https://af.reuters.com/article/topNews/idAFKBN2130YS-OZATP</a> and is republished with its permission.</p>


African nations close borders, cancel flights amid coronavirus pandemic

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<p>Ghana’s President, Nana Akufo-Addo says the country’s national budget reflects its commitment towards the implementation of the Sustainable Development Goals (SDGs). He made this remark while speaking on Ghana’s climate change strategy, economic transformation and more at a press conference in the ongoing World Economic Forum in Davos.</p>


World Economic Forum: President Akufo-Addo on Ghana’s response strategy for climate change

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<p>Ghana&#8217;s President Nana Akufo-Addo says the country welcomes investors in the government&#8217;s priority areas. The Ghana Investment Promotion Centre is charged with promoting and facilitating investments into the country. Yofi Grant, CEO of the GIPC joins CNBC Africa to discuss the challenges.</p>


Ghana woos investors

<p>ACCRA (Reuters) &#8211; Ghana is considering a century bond worth $50 billion as part of the West African nation’s plan to secure long-term funding to build critical infrastructure for industrial development, its leader said.</p>
<p>“The Ministry of Finance and economists in Ghana are looking at floating a $50 billion century bond. This will provide us with the resources to finance our infrastructural and industrial development,” President Nana Akufo-Addo said during a meeting with Chinese President Xi Jinping in Beijing.</p>
<p>Reporting by Kwasi Kpodo; Editing by Toby Chopra</p>


This West African country is considering a century bond worth $50 bln to finance infrastructure development

<p>Ghana’s economy is rebounding and the major commodity exporter is poised to wean itself off bailouts through sustained fiscal discipline and a battle against corruption, President Nana Akufo-Addo said on Wednesday.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-284117 size-full" src="http://cnbc.africa/wp-content/uploads/2017/09/Nana-Akufo-Addo_Ghana_Twitter_RZ.jpg" alt="" width="850" height="850" /></p>
<p>The former opposition leader, sworn into office a year ago, said his government spent the past year stabilizing the economy, including clearing huge debts while rolling out infrastructure such as schools and roads.</p>
<p>Ghana, which exports cocoa, gold and oil, is in the last year of a $918 million credit deal signed in 2015 with the International Monetary Fund to reduce the deficit, public debt and inflation and lift growth.</p>
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<p>“I am glad to report that the hard work is yielding positive results &#8211; the macroeconomic fundamentals have seen improvements through improved fiscal and monetary discipline,” Akufo-Addo told reporters in Accra.</p>
<p>“The important aspect and the cornerstone of our government going forward is to remain committed to fiscal discipline so that never again will we go back to the IMF or any bailout of the sort.”</p>
<p>GDP growth in the West African state rebounded to 9.3 percent in Q3 2017 from 3.5 percent in the same period of 2016.</p>
<p>Akufo-Addo said the government saved about $7 billion after reviewing power sector deals signed by his predecessor covering a 13-year contract. Eleven of the contracts had been terminated.</p>
<p>It also saved at least $200 million through value-for-money procurement reviews, he said, without giving details.</p>
<p>Akufo-Addo, who last week named a special prosecutor to investigate graft, warned that his appointees would not be spared if found culpable of corruption.</p>
<p>He also said his government had yet to decide whether to extend the stay of two ex-Guantanamo Bay detainees transferred to Ghana under a special arrangement with the United States.</p>
<p>The two Yemeni nationals were sent to Ghana in January 2016 for an initial two-year period after being held for more than a decade at Guantanamo for suspected terrorism.</p>
<div class="Attribution_attribution_o4ojT">
<p class="Attribution_content_27_rw">Reporting by Kwasi Kpodo; editing by Mark Heinrich</p>
</div>


Ghana’s economy back on track: President

<p data-reactid="35">Africa should move beyond aid handouts that have failed to bring growth and prosperity and move to an era of mutual respect with Western countries, Ghana’s president said on Tuesday.</p>
<p data-reactid="35"><img loading="lazy" decoding="async" class="aligncenter wp-image-291672 size-full" src="http://cnbc.africa/wp-content/uploads/2017/11/Ghana-President_Nana-Akufo-Addo_GettyImages.png" alt="" width="850" height="566" /></p>
<p data-reactid="36">President Nana Akufo-Addo, elected less than a year ago, said aid to his nation from donor countries was unsustainable and harmful to both sides.</p>
<p data-reactid="38">“We do not want to remain the beggars of the world, we do not want to be dependent on charity,” he said in a speech in London, setting out a vision for Africa’s future.</p>
<p>“We can and we should be able to build a Ghana with use of her own resources and their proper management as a way to engineer social and economic growth in our country,” he said.</p>
<p data-reactid="40">Resource-rich Ghana is an exporter of gold and oil and the world’s second largest cocoa producer. Akufo-Addo has vowed to clean up corruption in the West African nation’s cocoa sector and restore output to 1 million tonnes by 2020.</p>
<p data-reactid="41">Akufo-Addo, who took office in January, called for closer trade ties with neighboring Ivory Coast and across Africa, home to 1.2 billion people and a burgeoning middle class.</p>
<p data-reactid="42">Ghana was the first country in sub-Saharan Africa to win independence from colonial rule 60 years ago, a milestone that paved the way for independence for nations across the continent.</p>
<p data-reactid="43">“We are painfully aware we are nowhere near where we should be,” he said in the speech to the Royal African Society. “After 60 years it is obvious that the aid bus will not take Africa where it has to be.”</p>
<p data-reactid="44">British-Ghanaian musician “Fuse ODG” agreed that Africa must create its own narrative and hoped his music would offer the world a new perspective of a continent free from dependency.</p>
<p data-reactid="45">“We have to stop the aid, it messes up our economy, it messes up our markets,” added Herman Chinery-Hesse, a Ghanaian software entrepreneur often dubbed the Bill Gates of Ghana.</p>
<p>Mindsets of dependency and donations must be discarded for equality in global relationships, Akufo-Addo said.</p>
<p>“We do not want to be pitied,” he said. “We do not want to be pawns or victims.”</p>
<div class="Attribution_attribution_o4ojT" data-reactid="47">
<p class="Attribution_content_27_rw" data-reactid="48">Reporting by Adela Suliman; editing by Ros Russell.</p>
</div>


Africans must move beyond aid and not be ‘beggars of the world’: Ghana’s president

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<p>The President of Ghana, Nana Akufo-Addo, who visited President Muhammadu Buhari at the Presidential Villa on Tuesday, disclosed that President Buhari&#8217;s illness created a volume of anxiety within the Economic Community of West African States (ECOWAS).</p>


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Unpacking Ghana’s economic recovery & vaccination strategy

COVID-19: Ghana begins mass vaccinations

#Davos2021: Nana Akufo-Addo on how to prevent illicit outflows from Africa

#Davos2021: Nana Akufo-Addo on the path to sustainable recovery for Africa

2021: What will it take for Ghana’s economy to bounce back?

How COVID-19, political risk impacts investor sentiment in Ghana

Ghana Elections: Who is better for the economy?

How Ghana plans to help its COVID-19 hit industries stay open

Here’s what Ghana is doing to strengthen measures against COVID-19 pandemic

Ghana lifts lockdown on key regions as COVID-19 cases reach 1,042

African nations close borders, cancel flights amid coronavirus pandemic

World Economic Forum: President Akufo-Addo on Ghana’s response strategy for climate change

Ghana woos investors

This West African country is considering a century bond worth $50 bln to finance infrastructure development

Ghana’s economy back on track: President

Africans must move beyond aid and not be ‘beggars of the world’: Ghana’s president

Ghanaian president visits Buhari

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Nana Akufo-Addo

Unpacking Ghana’s economic recovery & vaccination strategy

COVID-19: Ghana begins mass vaccinations

#Davos2021: Nana Akufo-Addo on how to prevent illicit outflows from Africa

#Davos2021: Nana Akufo-Addo on the path to sustainable recovery for Africa

2021: What will it take for Ghana’s economy to bounce back?

How COVID-19, political risk impacts investor sentiment in Ghana

Ghana Elections: Who is better for the economy?

How Ghana plans to help its COVID-19 hit industries stay open

Here’s what Ghana is doing to strengthen measures against COVID-19 pandemic

Ghana lifts lockdown on key regions as COVID-19 cases reach 1,042

African nations close borders, cancel flights amid coronavirus pandemic

World Economic Forum: President Akufo-Addo on Ghana’s response strategy for climate change

Ghana woos investors

This West African country is considering a century bond worth $50 bln to finance infrastructure development

Ghana’s economy back on track: President

Africans must move beyond aid and not be ‘beggars of the world’: Ghana’s president

Ghanaian president visits Buhari

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