Tag Archives: Ghana

No Holidays for African Currencies

As the currency crisis plaguing Sub-Saharan Africa in 2015 continued through the recent holidays, Nigerians have learned that they can have their naira, but they can’t spend it too. Nigerians saw several restrictions on foreign exchange (“forex”) put in place, limiting what they could do with their naira. Triggered by the dive in oil prices … Continue Reading

Ghana Set to Ban Non-Degradable Plastics

According to news reports, the Ghanaian Ministry of Environment, Science, Technology and Innovations will “sanction a directive in two weeks” banning the production and importation of non-degradable plastic products. Like many countries, Ghana’s rapid development has put significant pressure on sanitation management systems in the country’s urban centers.  However, the issue became a national priority … Continue Reading

Alternative Data Is Making (Credit) History in Sub-Saharan Africa

In yet another example of how mobile technology is revolutionizing service delivery in Sub-Saharan Africa, application developers, data mining companies and financial institutions are using mobile usage data and social media activity to determine the credit risk of potential borrowers.  These efforts are helping to surmount one of the most significant obstacles to extending credit … Continue Reading

Ghana Achieves “Zero Hunger”

Ghanaian officials announced this month that Ghana has achieved “zero hunger,” and are crediting this success to some of the policies of former Ghanaian president John Kufuor.  The Zero Hunger Challenge — a UN initiative that is supported by various Non-Governmental Organizations and foundations — aims to eliminate hunger through investments in agriculture, rural development, … Continue Reading

Electrify Africa Act Affirms Broad U.S. Support for Investment in Power Sector

Last week the U.S. House of Representatives passed the Electrify Africa Act of 2014, confirming the existence of a broad, bi-partisan consensus in favor of supporting U.S. direct investment in Africa’s energy sector.  The bill, which now heads to the Senate, seeks to establish a “comprehensive United States Government policy to encourage the efforts of … Continue Reading
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