Apart from the $3 billion China Development Bank (CDB) loan approved last August, the Mills administration has lined up some 30 fresh loan agreements for parliamentary approval before the 2012 general elections.

Analysis done by The Globe newspaper puts the total value of these new loan facilities at more than US$ 4 billion.


Polls have opened for the Democratic Republic of Congo's presidential elections, after a run-up marred by violence and logistical delays. The head of the electoral commission said 99% of polling stations were ready and voting would go ahead as planned. At least three people were killed on Saturday, leading to a police ban on final campaign rallies.

It is the second presidential poll in DR Congo since the end of 1996-2003 wars which left four million dead.


Throw a dart at a map of Europe now and it takes expert aim to hit a country run by a left-of-center government, especially after Spain's Socialists were emphatically drubbed out of power over the weekend. Although the shift to the right began years ago in such heavyweights as France and Germany, it is now all but complete three years into the continent's grinding debt and economic crisis. Why?

When times get tough – when "the cows get thin" as the Spanish say – political experts say edgy voters seek comfort with conservatives.


Egyptians are voting in the opening stage of the first elections since former President Hosni Mubarak was toppled in February. As dawn broke, people were already queuing to cast their ballots outside polling stations in the capital, Cairo. But protesters who want the vote to be postponed still occupy Tahrir Square.

The head of the country's military council, which took over after Mr Mubarak was unseated, has said the country is "at a crossroads".


Other Stories

NPP CONDEMNS NDC PLAN FOR ‘CIVIL WAR’ -If Supreme Court Declares Akufo-Addo President
The New Patriotic Party has expressed serious concern about the continuous silence of the National Peace Council and other civil society organisations over comments by leading members of the National Democratic Congress that point to a plan to plunge the nation into chaos if the verdict of the Supreme Court hearing the 2012 election petition should go in favour of the petitioners. President John Dramani Mahama recently told NDC activists he won the 2012 presidential election “cleanly and fairly” and that he was confident the Supreme Court would re-affirm that victory.
We Must Take Postive Lessons From Kenya’s Women Only Elections
As we join the rest of the world in commemorating today, 8th March, as International Women’s Day, we wish to use this occasion to address the unacceptable issue of very low representation of women in governance and decision-making in Ghana and many other African countries and commend the great strides being made elsewhere on the continent. In spite of all the difficulties, we recognise the progress being made by the African woman, especially, in societies that are becoming somewhat gingerly tolerant against the pull of enduring prejudices.
IMANI Alert: Is Ghana Amongst the Worst-Branded in Africa Now?
On June 9th this year, a certain Daniel Fisher, a Senior Editor at Forbes Magazine specialising in macroeconomic and legal issues, wrote an article in which he “showcased” Ghana as the 9th “worst-managed country” in the world. This is curious, seeing that in the preceding month Mr. Fisher had written at least 25 articles almost exclusively on the domestic economy of the US. Indeed his only two forays into the global arena concerned this rather peculiar ranking of the “10 worst-managed economies of the world”.
Biometrics Voter Registration in Ghana: An Analysis of Gaps, Risks and Mitigation Controls
Biometric voter registration represents a means to accurately capture unique physical features of an individual in addition to demographic data of the Ghanaian voter. The intent of implementing this project is to prevent multiple voter registration and voting, as well as mitigating the incidence of voter fraud. This document aims to highlight and address gaps in the Biometric registration process as well as offer mitigation controls to limit the amount of risks that the implementation of this project presents. Click here for full report
Ghana pays a premium as it sells $750 mln 10-year Eurobond
Ghana sold a $750 million 10-year Eurobond on Thursday in its second foray into international bond markets but paid a premium to investors wary of its fiscal and current account deficits.The West African producer of cocoa, gold and oil issued the bond at a yield of 8 percent. The order book was $2.2 billion, around three times the issue size, Finance Minister Seth Terkper told Reuters.
GHANA’S EXPERIENCE’, BY GABBY ASARE OTCHERE-DARKO “Ghana obtained independence from British colonial rule in 1957, the first African country, south of the Sahara, to do so. The country was full of promise and expectations of Ghanaians were high. In the words of Dr. Kwame Nkrumah, the first President, Ghana wanted to show the world that the black man can handle his own affairs. Some 53 years later, the optimism has somewhat waned and harsh reality has set in with the wide chasm between what is Ghana today and what could have been.” The above serves as the curtain opener to ‘Monetary Policy and Financial Sector Reform in Africa: Ghana’s Experience,’ written by Dr Mahamudu Bawumia. The book is a comprehensive, objective, concise history of Ghana since 1957, written by an Economist, to be precise a liberal economist cast in the developmentalist mould of a Ghanaian nationalist. But, the book is not only a historical work, stretching from 1957 to 2008. More importantly, it provides information and models that are both historical and contemporary. It is detailed, easy to read, objectively factual and accurate. It is an excellent read for both persons who are new to economics and the others – Economics students, researchers, economists, bankers, politicians, and historians.
Pursuing More Growth, less Poverty and Hunger in an Uncertain World
The drive to overcome extreme poverty and hunger, the objective of MDG 1, has been at the heart of global efforts to achieve the Millennium Development Goals since their adoption a decade ago. Up until the food, fuel, and financial crises in the last two years, developing countries were making progress in overcoming poverty. In 1981, 52 percent of people in developing countries lived in extreme poverty; by 2005, that share had fallen to 25 percent. Country efforts were paying off right up until the crises, with poverty falling sharply in East Asia, Latin America, and Eastern and Central Europe.
How Ghana must utilise its new strategic importance
With the discovery of significant oil potential offshore, Ghana has not only new international importance – we also have cause for greater confidence and strength in our global interactions. The increased interest of both China and the United States in Ghana can add extraordinary oomph to Ghana’s development – but this can only happen if we become smarter, more strategic and more assertive in our dealings with these two powerful nations.
Africa Report on New and Emerging Challenges
In 2009 the UN General Assembly adopted a resolution agreeing to hold the United Nations Conference on Sustainable Development (Rio+20) in 2012 in Brazil. The General Assembly called for effective preparations for the conference at all levels. The Rio+20conference seeks to achieve two objectives, namely to: secure renewed political commitment to sustainable development; and assess the progress and implementation gaps in meeting already agreed commitments and address new and emerging challenges. Click here for full report
Nana Addo Dankwa Akufo-Addo and the New Patriotic Party have added their voices to the growing calls on Laurent Gbagbo to quit and have criticised the unwillingness of the Mills-Mahama government to adopt a firm and decisive position against his illegal government. The NPP and Nana Addo are disappointed by the mixed signals from the Mills Administration and argue that once ECOWAS and the AU have spoken so unequivocally, Ghana which stands to lose more in the event of conflict should be more assertive in mounting pressure and isolating Gbagbo.