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☆ Ronaldo breaks record as Portugal up and running with Ghana win
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +4 min

The bitter end to Ronaldo's second spell at Manchester United had dominated the build-up to the match in much the same way the forward seems to dominate the way Portugal play. Against Ghana, Ronaldo seemed to exert a planetary gravitational pull on the ball, with team mates seeking him out at every opportunity. Ronaldo closed his eyes as he waited to begin his run up, stuttered and smashed the ball into the net to the keeper's right. It is the 10th consecutive major tournament in which Ronaldo has found the net although Ghana coach Otto Addo was not in the mood to be charitable. There was to be no fairytale ending for the Ghanaians though and the night belonged to Ronaldo.

Presenting the West African nation's 2023 budget in parliament, Ofori-Atta said Ghana was at high risk of debt distress and has agreed on a debt management strategy with the International Monetary Fund (IMF). Investment bank Morgan Stanley said on Thursday that it expected Ghana to restructure both its domestic and external debt. "The current debt sustainability analysis conducted reveals that Ghana is now considered to be in high risk of debt distress," Ofori-Atta told lawmakers. Ghana will implement a debt exchange programme to address the challenges, he added. Despite the projected increase in revenue, Ofori-Atta said the fiscal budget would increase to 7.7% of GDP from 6.6% over the coming year.

☆ Portugal ready to let their football do the talking against Ghana
▼ + stars: | 2022-11-22 | by ( William Schomberg | ) www.reuters.com time to read: +3 min

DOHA, Nov 22 (Reuters) - Portugal will be keen to let their football do the talking when they face Ghana in their World Cup opener on Thursday amid controversy over Cristiano Ronaldo's comments about Manchester United and tensions between the squad and the media. But Ghana - who reached the World Cup quarter-finals in 2016 - arrived on the Arabian Peninsula with wind their sails too after beating Switzerland 2-0 in a friendly. No problems," five-times Ballon D'Or winner Ronaldo said on Monday. read moreHe led Portugal to triumph at Euro 2016 but World Cup glory has eluded him and Qatar represents his last chance. The teams met at the 2014 World Cup in Brazil when Portugal won 2-1 thanks to a late winner by Ronaldo.

☆ These currencies have tanked this year — and one is down over 75% against the dollar
▼ + stars: | 2022-11-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

The cedi hit a fresh record low against the dollar on Wednesday last week, at one stage hitting the 14.24 mark before recovering slightly. In second place is the Cuban peso, which is down 56.36% against the dollar, behind only the Zimbabwean dollar, which has lost a staggering 76.74% of its value against the dollar since January. A man holds Zimbabwean Dollar Bond Notes Dan Kitwood | Getty Images News | Getty ImagesHanke said last week that Zimbabwe's "economic death spiral just keeps spinning." Similar to Ghana, authorities in Zimbabwe have attempted to support the local currency and fight inflation by cracking down on Zimbabwean dollar payments. EgyptThe Egyptian pound last week slumped to a fresh low against the dollar, sliding to 24.42, making its way onto Hanke's list of the top 10 worst-performing currencies of 2022.watch now

☆ Ghana president sacks junior finance minister over alleged impropriety
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +2 min

Bernd Lauter/Pool via REUTERSACCRA, Nov 14 (Reuters) - Ghana's President Nana Akufo-Addo has sacked Charles Adu Boahen, the minister of state for finance, the presidency said on Monday after allegations of impropriety were circulated by a well-known Ghanaian investigative journalist. Adu Boahen did not immediately respond to a request for comment from Reuters. read moreThe allegations against Adu Boahen did not appear to be related to those previously raised against Ofori-Atta. Vice-President Mahamudu Bawumia said in a statement the video showed Adu Boahen "apparently using my name, inter alia, to peddle influence and collect money from supposed investors". "I would like to state that if what the minister (Adu Boahen) is alleged to have said is accurately captured in the video, then his position as a minister of state is untenable.

"It is not a kind of tactic to avoid formal negotiation on loss and damage funding arrangements here," Schulze said. Some research suggests that by 2030, vulnerable countries could face $580 billion per year in climate-linked "loss and damage". Ghana's finance minister Ken Ofori-Atta, who chairs the V20 group of vulnerable countries, called the creation of the Global Shield "long overdue". Yet some vulnerable countries questioned the scheme's focus on insurance, with insurance premiums adding another cost to cash-strapped countries that have low carbon emissions and contributed least to the causes of climate change. It was not immediately clear how much of the Global Shield funding announced so far was in grant form.

☆ Effects of Supreme Court abortion ruling: Longer travel time, more requests for pills
▼ + stars: | 2022-11-01 | by ( Aria Bendix | Aria Bendix Is The Breaking Health Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

Infants born as a result of an unintended pregnancy, meanwhile, face a higher risk of low birth weight or preterm birth. Ashana's article asserts that every hour of delayed care increases a patient’s risk of adverse outcomes or death. But in some cases, abortion restrictions require waiting until a person is hemorrhaging or develops sepsis before performing a lifesaving abortion. Hassan said medication abortion presents "a lot of opportunity to be able to expand into places that are geographically difficult for people to access abortion." "There are a lot of things within the health care system environment that could change, including the way we think about where abortion care can be accessed," Hassan said.

ACCRA, Oct 30 (Reuters) - Ghanaian President Nana Akufo-Addo on Sunday said talks with the International Monetary Fund were going well and sought to reassure investors that the negotiations would not lead to a reduction in the face value of government bonds. The talks are "are at advanced stages, and are going well," Akufo-Addo said. "No individual or institutional investor ... will lose their money as a result of our ongoing IMF negotiations. Ghana launched talks with the IMF in July as foreign investors dumped its debt and street protests broke out over economic turmoil that has seen inflation and currency depreciation hit record levels despite repeated and severe lending rate hikes. "I cannot find an example in history when so many malevolent forces have come together at the same time," Akufo-Addo said.

☆ Ghana traders close shops to protest worsening economy
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

ACCRA, Oct 19 (Reuters) - Streets were quiet in the normally bustling heart of Accra's central business district on Wednesday as traders in the Ghanaian capital closed their shops to protest worsening economic conditions. Because of the worsening exchange rate, he can't afford to buy books and paper from his suppliers, he said. 1/5 People walk in front of closed shops as traders lock up their stores in protest of Ghana's worsening economic conditions in Accra, Ghana October 19, 2022. In one usually crowded street market downtown, about half to two-thirds of shops were closed, while some activity carried on. "If we close our shops until Monday, the government isn't going to just reduce the rate of the dollar because of that.

☆ Ghana finance ministry, central bank form committee for talks on IMF programme
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +1 min

People walk past the Bank of Ghana in Accra, Ghana, November 28, 2018. REUTERS/Zohra BensemraACCRA, Oct 11 (Reuters) - Ghana's finance ministry has formed a five-member committee with the Bank of Ghana to lead discussions with the financial services industry concerning an International Monetary Fund (IMF) programme, it said in a statement on Tuesday. The goal of the committee is to "ensure orderliness and confidence in the government's ongoing negotiations with the IMF," the statement said. An IMF team visited Ghana last week for talks about a potential loan programme after the West African country requested support. It said discussions were constructive but that more work was needed on a debt-sustainability analysis.

☆ Factbox: Strained emerging economies in focus at the IMF World Bank meeting
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +7 min

On Friday, the IMF said its executive board approved Kyiv's request for $1.3 billion in emergency funding through a Rapid Financing Instrument. This is on top of $1.4 billion the IMF has provided to Ukraine since the start of the war. Former central bank governor Kyrylo Shevchenko said in July that Kyiv hoped for a $15-$20 billion IMF programme before year-end. On Friday, IMF staff said talks with Ghana's government about a potential loan programme had been constructive but more work was needed on a debt-sustainability analysis. EGYPTA major grain importer that depends heavily on tourism revenue, Egypt has experienced a double whammy from COVID-19 and soaring food prices with no current IMF programme in place.

☆ African Global Citizen patrons urge world to consider continent's giving power
▼ + stars: | 2022-09-24 | by ( Cooper Inveen | ) www.reuters.com time to read: +2 min

The Accra leg of Global Citizen's annual music festival, held simultaneously with another concert in New York City, wasn't your average show. "People need to know that it's not always about giving to Africa: Africa can give, and we can have fun too." It has also spurred the establishment of an "Africa Prosperity Fund", a $1 billion development funding pledge compiled solely by African governments and launched jointly by the governments of Ghana and South Africa. "I think Ghana symbolizes so much about what is achievable," said Michael Sheldrick, Global Citizen's co-founder. Danai Guria, a star of the 2018 movie "Black Panther", called on people to consider the power and potential of African women.

☆ Lion mauls man to death after he enters enclosure at Ghana zoo
▼ + stars: | 2022-08-30 | by ( Story Reuters | ) edition.cnn.com time to read: 1 min

Accra, Ghana A lion at Ghana's Accra Zoo mauled a man to death after he entered its enclosure over the weekend, the government said in a statement. At around noon local time on Sunday, security guards on patrol noticed that the middle-aged victim had climbed over a tall mesh fence and entered the enclosure of a lion, a lioness and two cubs. His motivation has yet to be determined. "The intruder was attacked and injured by one of the lions," the state Forestry Commission said on Sunday, adding that the man had died from wounds he sustained in the attack. Authorities are investigating the incident.

☆ Ghana to sign $3.2 billion railway project deal with Thelo DB consortium
▼ + stars: | 2022-07-19 | by ( ) www.reuters.com time to read: +1 min

ACCRA, July 19 (Reuters) - Ghana's government will sign an agreement next week with Thelo DB consortium for a $3.2 billion project to develop and make operational its Western Railway Line, the company said in a statement on Tuesday. Thelo DB is a South African railway entity incorporated between Thelo Ventures, an African industrial company, and Germany's Deutsche Bahn Engineering & Consulting (DB). The Thelo DB consortium also includes Ghanaian partner Transtech Consult. Transportation of cement, mining equipment and petroleum will also benefit from construction of the rail line, the ministry added. "The Western Railway Line Project will transform Ghana's existing railway infrastructure base into a modern, robust and integrated railway system," Thelo DB said in its statement.

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