29.6.07

New Cedi in circulation on July 3

The Bank of Ghana announces for the information of the general public that the Ghana cedis and Ghana pesewas will be put into circulation on Tuesday, 3rd July 2007, the first banking day of the month.

Ghana Police declines permits for demonstrators at AU Summit

The police have banned all demonstrations during the African Union summit in Accra which starts Sunday.Several groups from across Africa had planned protests during the summit, which runs until July 3.More than 2,000 police and an unspecified number of soldiers have been drafted in to provide security for the summit in the Ghanaian capital.Accra Region Police Commander, Douglas Akrofi Asiedu told would-be protestors to postpone their demonstrations until after July 3.
"We said they should postpone it because the date selected for the demonstration is not ideal for security," he told a local radio station. "We are overstretched and it would be very difficult for us to get police to protect them."Amongst the wouldbe protesters were Zimbabwean activists led by the main opposition Movement for Democratic Change.Another group had intended to stage a protest against Gambian President, Yahya Jammeh, for failing to investigate the deaths of 44 Ghanaian migrants in Banjul in 2005.Another organization had intended to highlight the Darfur conflict in Sudan.
Demonstrations do not necessarily need police permits in Ghana. But it is mandatory for organisers to inform the police and make security arrangements.
Source:GHP

28.6.07

UN Deputy Secretary General arrives for AU Summit


Ms Asha-Rose Migiro, United Nations (UN) Deputy Secretary General, arrived in Accra on Thursday evening for the annual Summit of the African Union (AU) during which, she will call for stronger partnership between the UN and the AU on African issues. While in Ghana, Ms Migiro will speak on pertinent issues including the need to speed up efforts for the achievement of the Millennium Development Goals, the war against the spread of HIV/AIDS and the empowering of women and girls.
She will also touch on issues of peace and security on the continent and the latest joint efforts by the UN and the AU to resolve the crises in the Darfur region of Sudan. The Deputy Secretary General is also expected to hold bilateral meetings with some African leaders.GNA

27.6.07

State of the World Population Report launched


Mr Kwadwo Baah Wiredu, Minister of Finance and Economic Planning on Wednesday launched this year's World Population Report and said the increase in urbanisation was inevitable but had positive sides that should be recognised.Launching the report jointly with Ms Hane Fama Ba, Director of the Africa Division of the UNFPA, headquarters in New York, Mr Baah Wiredu said "no country in the industrial age has ever achieved significant economic growth without urbanisation". The report under the theme: "Unleashing the Potential of Urban Growth", looked at the problems faced by cities and the struggle to meet the current needs to prepare for future urban growth. The Minister outlined problems associated with urbanisation such as housing, poverty, and slums and admitted that the implementation of the country's on going Growth and Poverty Reduction Strategy (GPRS II) had an implication on the spatial mobility of economically active individuals and the growth of urban areas."The influx of rural poor to the urban centres therefore is an indication to the poor to take advantage of the opportunities in the urban areas. In 2001 for instance, the number of people living in slums in Ghanaian cities was estimated at 4.9 million and was said to grow at the rate of 1.8 per cent per annum".The Minister noted that to address problems associated with urbanisation, government had set priority strategies to upgrade slums areas through the strengthening of physical planning of urban settlements and enforcement of planning regulations.He mentioned other strategies as promoting adequate supply of safe and affordable shelter, developing and promoting local building materials, facilitating adequate finance for all income groups and upgrading basic services in the urban areas.Mr Baah Wiredu explained that there were advantages in urban areas over and above those in the rural areas in Ghana in terms of economic opportunities though urban poverty was real.He said the latest Living Standards Survey for 2007 had shown that whereas poverty levels had generally increased, it had worsened in the Greater Accra Region.He mentioned HIV/AIDS, housing and shelter, drainage, water and sanitation, as well as transport as some of the areas posing challenges not only to Ghana but the continent as a whole. He commended UNFPA for the leading role it had played in the dynamics of population and pledged to tackle the obstacles of urbanisation and share the benefits through prudent policies, good governance and strategic investments.Ms Fama Ba noted that poor people would make up a large part of the future urban growth and called for realistic planning for explicit consideration of the needs, rights and participation of slum dwellers and the urban poor.She said African governments that are responsive to their citizens and eager to achieve a sustainable growth path were increasingly looking to their cities and local authorities to play a greater role in the national development agenda".Dr Makane Kane, Country Director of UNFPA, Ghana, said the report was timely to address the global, regional and national dimensions of urban growth and proposals for the way forward at each level. He expressed the hope the report would lead to policy development and policy change where needed.Dr George Owusu, a Research Fellow of the Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana who commented on the report called for urban Development Strategy or Urban development Policy to address problems associated with urbanisation. Ms Grace Gyimah Boateng, President of Curious Minds, a non-governmental organisation, who spoke on the Youth Perspective called for partnership, dialogue and investment in the youth to address the enormous problems facing the youth affected by urbanisation. The report said half of the world's population comprising 3.3 million, will in 2008 be living in urban areas. It said the number is expected to swell to almost five billion by 2030. The urban population will double between 2000 and 2030 with many of the dwellers becoming poor, it added.
Source:GNA

Ghana is back on track with investment opportunities - Veep woos foreign investors

Accra, June 6, GNA-Vice President Mahamudu Bawumia says Ghana's economic opportunities for private sector investors are back on track as...