Africa Archives - Wontumi Online

30 Apr

Anti-LGBT Bill: Withdrawal Of Investment Threats Will Not Deter Africa – Speaker Bagbin

wontumionlineNewsAfrica, investment threat, Speaker Alban Bagbin

Africa is not deterred by the veiled threats of withdrawal of investments and international aid, Speaker Alban Sumana Kingsford Bagbin, has said. He noted that those threats and other stringent economic measures had not affected the continent’s effort at protecting its culture, values, and societal norms and to safeguard the future of its youth. A statement issued by the Public Affairs Directorate of Parliament, copied to the Ghana News Agency, said the Speaker made the remarks at a meeting with Members of the British House of Lords and the House of Commons at Westminster in London. It said of concern…

15 Feb

The NPP Has Made Ghana The ‘USA’ Of Africa- Lady Vera

wontumionlineFeatured, News, TrendingAfrica, Development, Lady Vera

A communications specialist at the Presidency, Lady Vera Wiredu has said that Ghana has become the 'USA' of Africa. According to her, Ghana has become a go-to hub for citizens of other Africa countries. Thus, they keep trooping in and out of the country to seek among other things, refuge, trade and also invest. She notes that most of these achievements were possible due to the better governance of President Akufo-Addo and his able vice President. Speaking on Movement in the morning show on Movement TV/Wontumi Radio, she told Kwaku Dawuro, the host that "Ghana has now become a safe…

20 Jan

Africa To Outperform Rest Of World In Economic Growth In 2023-2024

wontumionlineBusinessAfrica, African Economic Outlook, Economic Growth

Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024. This is higher than projected global averages of 2.7% and 3.2%, the African Development Bank Group said in Africa’s Macroeconomic Performance and Outlook report for the region, released in Abidjan on Thursday, January 19, 2023. With a comprehensive regional growth analysis, the report shows that all the continent’s five regions remain resilient with a steady outlook for the medium-term, despite facing significant headwinds due to global socio-economic shocks. It also identified…

19 Jan

New Africa Renewable Energy Initiative To Unleash 1.2 Terawatts, Unlock $850m

wontumionlineBusiness, NewsAfrica, Renewable energy

Sustainable Energy for All (SEforALL), the African Climate Foundation, Bloomberg Philanthropies, ClimateWorks Foundation, and the Chinese Renewable Energy Industries Association (CREIA) launched the Africa Renewable Energy Manufacturing Initiative (AREMI) on Tuesday at Abu Dhabi Sustainability Week to drive investment and mobilise action in African countries to scale up renewable energy manufacturing capabilities. The new international initiative will help drive the financial, technical, and socioeconomic investments required to advance clean energy development and transition in Africa, with a remarkable 1.2 terawatts of energy potential, 14 million new jobs, and 6.4% growth in GDP available under a green transition scenario. Africa, home…

26 Oct

Ghana Is #1 In Access To Financial Inclusion In Africa

wontumionlineNews, TrendingAfrica, Dr. Bawumia, Ghana, NPP

Ghana has been recognized as the only country in Africa to achieve 100% access to financial inclusion on the continent. The honour was contained in this year’s State of Inclusive Instant Payment in Africa Report put together by AfricaNenda and launched at the ongoing Mobile World Congress Africa 2022 in Kigali, Rwanda. This feat was achieved through the successful implementation of the Mobile Money Interoperability (MMI) system, which integrates all payments platforms across banks, fintechs and telcos, allowing every Ghanaian to make and receive instant payments. Commenting on the monumental achievement at the ongoing Standard Chartered Bank Digital Banking, Innovation…

22 Sep

“Africa Is Ready For Business” – President Akufo-Addo To Investor Community

wontumionlineFeatured, News, TrendingAfrica, Ghana, Investment, Nana Akufo-Addo

“Our message to the global investor community is, therefore, this: Africa is ready for business. Africa needs you and you need Africa. You need Africa because Africa is busily building the world’s largest single market of 1.3 billion people. Soon we will have a customs union, and soon we will have a continental payment system that will accelerate and facilitate trade amongst ourselves.” These were the words of the President of the Republic, Nana Addo Dankwa Akufo-Addo, when he delivered an address to the 77th Session of the United Nations, currently ongoing in New York, in the United States of…

10 Jul

President Akufo-Addo Speaks On Ongoing Global Economic Turmoil

wontumionlineBusiness, Featured, TrendingAfCFTA, Africa, BOMA, Ghana

President Akufo-Addo in his capacity as the African Union Champion of Financial Institutions addressed the Boma of Africa (www.africaboma.com), at the invitation of the African Union and AfroChampions, on the ongoing global economic turmoil. He strongly urged the assembled leaders to prioritise and focus on collective actions to strengthen Africa's influence in the global economic order. He expressed concern that smaller economies, many of them in Africa, often suffer the harshest consequences during global downturns though they contribute the least to the causes of these upheavals. The international instruments for resolving these crises lack input from smaller economies. Africa therefore…