World Bank approves $4m grant to boost access to funds earned from carbon credits

The World Bank and Solidaridad West Africa (SWA) – leading implementation agency for Ghana signed a grant agreement for a US$4 million project to boost social inclusion in the sharing of benefits generated within the Ghana Cocoa Forest Reducing Emissions from Deforestation and Forest Degradation (REDD+) Program (GCRP). By directly engaging 20,000 farmers from 100…

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Ghana Cedi Is World’s 4th Worst-performing Currency – Bloomberg Ranking Reveals

Source: Africa Publicity The Ghana Cedi is the world’s fourth worst-performing currency, a new Bloomberg’s ranking of top 150  currencies globally has revealed.  Data from Bloomberg shows that the Ghana Cedi depreciated by 0.2% to 14.9335 per dollar by the close of trading in Accra on Monday, June 10, 2024. Bloomberg says since the beginning of…

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Be deliberate about financing renewable energy and sustainability-focused projects – KPMG Ghana urges banks

Kenneth Agyei-Duah Source: UKGCC Kenneth Agyei-Duah, a manager in the Governance, Risk, and Compliance (GRC) Services at KPMG Ghana has urged banks and other financial institutions to be deliberate about financing projects which factor environmental, social, and governance considerations. Speaking during the UK-Ghana Chamber of Commerce and KPMG Ghana Environmental, Social, and Governance (ESG) webinar…

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Senegal Enters ‘New Era’ As It Begins Production At Its First Offshore Oil Field

  Source: Africa Publicity West African nation, Senegal, has entered a “new era” as it commenced production at its first offshore oil field. The commencement of production was announced by Woodside Energy, an Australian oil exploration group.   The group announced the commencement of production in a statement on Tuesday, June 11, 2024. Chief Executive…

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Africa-Caribbean Trade and Investment Forum 2024 Begins Today, Dangote To Deliver Keynote Address

Aliko Dangote (left) and Mia Amor Mottley (right) will speak at the high-profile forum The Africa-Caribbean Trade and Investment Forum (ACTIF) 2024 is kicking off today in The Bahamas. The Forum themed: “Owning Our Destiny: Economic Prosperity on the Platform of Global Africa”, is seeking to forge significant pathways for economic prosperity between Africa and…

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Ghana Launches New Initiative to Promote Sustainable Cocoa Production

  Ghana has launched a new initiative in collaboration with the United Nations Development Programme (UNDP), the Forestry Commission, and the Ghana Cocoa Board (COCOBOD), with funding from the Swiss State Secretariat for Economic Affairs (SECO).  This collaboration marks Ghana’s entry into the third phase of the Green Commodities Programme (III), building on the progress…

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