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The upcoming budget presentation by Ghana's NDC government marks a pivotal moment in the nation's economic journey. Set against a backdrop of severe economic challenges, including crippling inflation, currency depreciation, and the aftermath of the domestic debt exchange programme, this budget will potentially shape Ghana's economic trajectory for the next decade.
Food inflation remains one of the most pressing concerns for everyday Ghanaians. The budget must address this through strategic investments in agriculture, potentially reviving policies like the "Operation Feed Yourself" initiative from the Acheampong era, which encouraged Ghanaians to cultivate available land. Additionally, providing interest-free or soft loans to farmers could stimulate food production and ultimately bring down prices.
The taxation landscape in Ghana requires urgent reconsideration. The E-Levy, COVID-19 Levy, Betting Tax, and Emissions Tax have become significant burdens on businesses and individuals alike. While these taxes generate revenue, their negative impact on economic activity may outweigh their benefits. The government could compensate for potential revenue loss by addressing public sector corruption, which reportedly costs Ghana approximately 2.5 billion USD annually, and tackling gold smuggling, which drains an estimated 5 billion USD yearly from the economy.
Interest rates in Ghana are the highest in the West African sub-region, deterring investment and hampering business growth. The budget needs to outline mechanisms through which the Bank of Ghana can gradually reduce its policy rate from the current 26-27% range. Lower interest rates would stimulate borrowing, investment, and expansion among businesses, particularly small and medium enterprises that form the backbone of the economy.
Indigenous Ghanaian businesses deserve special attention in this budget. Currently, key sectors of Ghana's economy are dominated by non-Ghanaian interests – Lebanese, Indian, and Chinese businesses control significant portions of the retail and manufacturing sectors, while European companies dominate mining and oil. The budget should include provisions for supporting indigenous Ghanaian businesses through preferential loans, tax breaks, and capacity development programmes. When local businesses thrive, profits remain within the country, stimulating further economic growth and creating employment opportunities.
The budget presents an opportunity for the government to boldly renegotiate more favourable mining and oil agreements, potentially generating billions of Ghana Cedi in additional revenue that could fund infrastructure development, healthcare, and education.
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The idea of independence holds a profound place in the psyche of every nation. As Ghana commemorates its 68th anniversary of independence, we raise critical questions about what it truly means to be free. This episode takes an unflinching look at Ghanaian autonomy, dissecting the reality versus the myth.
We articulate the essence of real independence, posing the questions: Does Ghana genuinely serve its own interests, or does it bend to the whims of foreign powers, exemplified by its reliance on institutions like the IMF and World Bank?
Ghana's economic landscape starkly illustrates its dependence. The discussion reveals how crucial sectors, such as banking and telecommunications, are not under Ghanaian control. We articulate the painful reality that the country must seek approval from international forces before it can even prepare its budget.
By analysing the colonial roots embedded in Ghana's economy, we explain how the nation's dependency on exporting raw materials - notably cocoa - rather than processing them for local sales perpetuates a cycle of economic slavery. The podcast highlights a salient point: if Ghana were genuinely independent, it would own its resources and set its prices rather than having them dictated by the West and China.
The conversation takes a poignant turn when addressing food security and healthcare. We reinforce that for a truly independent nation, self-sufficiency in agriculture is essential. The contrast between Ghana's heavy dependence on imported food and the cultivation of local resources is stark.
We urge listeners to recognise that a nation unable to feed itself is running a grave risk. This risk extends to healthcare, where Ghana's reliance on foreign aid underscores a bigger issue: are we genuinely sovereign if our health sector and education systems are funded by Western nations?
We discuss how external pressures, especially regarding legislative initiatives, like the anti LGBTQ+ bill can become bogged down by fears of international backlash, revealing a significant conflict between national interests and global pressures.
True independence is depicted as fundamentally challenging the status quo—striving for a nation that proudly champions its own identity and decisively shapes its development trajectory.
The podcast serves as a call to rethink independence not just as a historical event but as an ongoing journey requiring concerted effort from every Ghanaian citizen.
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We offer a consultation session for those who wish to relocate to Ghana , do business in Ghana , buy land, buying a property or even starting business in Ghana. We offer professional support tailored on your needs and wants.
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February 24, 1966, is a date that marks a significant moment in Ghana's history, often dubbed as "Ghana’s Day of Shame."
This episode of Ghana in Focus revisits the rationale for the overthrow of Kwame Nkrumah, Ghana's first president, in 1966.
The podcast sheds light on the reasons behind this coup and how external forces, particularly the CIA and MI5, played a crucial role in the collapse of a visionary leader. Dr. Nkrumah was not merely a politician; he was a symbol of hope for a unified Africa, advocating for ideals that extended far beyond Ghana's borders.
Nkrumah's aspirations were significant. He understood that true independence for Ghana could only be realised in the context of African unity. Following Ghana's independence in 1957, he championed the notion that "Ghana's independence is meaningless unless it is linked to the total liberation of Africa."
Nkrumah's vision was clear: a united Africa could withstand external pressures and command global respect.
Another aspect of the rmovsl of Kwame Nkrumah was his the idea of a single African currency. He recognised that Africa’s potential was hindered by the disparate currencies that complicated trade and economic interaction among African nations. The implementation of a shared currency, he argued, could unify the continent economically, facilitating seamless transactions and fostering economic cooperation among member states.
Nkrumah's commitment to an independent African economy extended to his call for establishing a Central African Bank. This institution would serve as a bulwark against Western interference, providing financial support to African nations without resorting to international lenders like the IMF or World Bank.
A key aspect of Nkrumah's removal was his proposal for an African trading bloc. His vision predates today’s African Continental Free Trade Area and underscores the importance of intra-African trade. He argued that if African countries traded amongst themselves rather than relying heavily on external partners, wealth would remain within the continent, allowing for viable domestic development.
Furthermore, a crucial factor in Nkrumah's downfall was his advocacy for an African High Command. He envisioned a collective military power that could deter meddling from foreign mercenaries and protect the continent's resources. This idea would not only strengthen Africa militarily but also politically, ensuring that African nations stood united against external exploitation.
Sources:
(1) AFRICA IS RICH, AFRICANS ARE POOR! This speech by KWAME NKRUMAH Should Unite Africans - YouTube
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We offer a consultation session for those who wish to relocate to Ghana , do business in Ghana , buy land, buying a property or even starting business in Ghana. We offer professional support tailored on your needs and wants.
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Discover the urgent health crisis affecting African communities globally, with alarming statistics on hypertension, diabetes, obesity, and maternal mortality in countries like the US, UK, and Ghana. Ever wondered how Western lifestyles and diets have exacerbated these issues? We contrast this modern-day reality with the ancestral wisdom of traditional diets, aiming to shed light on a path to better health outcomes for African populations worldwide. Join me, Kwame, as we explore how embracing indigenous foods might be the key to reversing these troubling trends.
The episode takes a deep dive into detoxification and disease prevention, tackling the prevalent Western lifestyle diseases such as diabetes and prostate cancer. By focusing on the benefits of fasting and the potential healing power of natural remedies like alkaline water, lemon, and turmeric, we discuss ways to cleanse the body of toxins and bolster overall well-being. The contentious topics of water quality and vaccine safety are also on the table, as we encourage a proactive stance on health by leveraging natural methods.
We end with a thought-provoking discussion on the suitability of pharmaceuticals versus natural healing for African communities. Examining historical, biological, and cultural dimensions, we question the compatibility of Western medicines with African bodies and emphasize the potential of ancestral medicinal practices. As conspiracy theories about global health agendas surface, the call to action is clear: reclaim control over health and wellness through natural healing methods. Be part of this empowering conversation and learn how you can take charge of your health journey.
Sources:
(1) Facebook
(1) Facebook
(1) Facebook
Medical Apartheid: The Dark History of Medical Experimentation on Black ... - Harriet A. Washington - Google Books
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We offer a consultation session for those who wish to relocate to Ghana , do business in Ghana , buy land, buying a property or even starting business in Ghana. We offer professional support tailored on your needs and wants.
We provide valuable information that can assist you in your relocation like the Ghana card how/where to register your business.
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We charge a rate of US$30 for an hour's consultation or US$20 for a 30 minute consultation briefing.
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The announcement of Donald Trump’s decision to halt USAID funding in Ghana has generated a flurry of discussion, igniting debates about dependency on foreign aid, the implications for Ghana's economy, and the future of self-reliance in Africa. In this episode of Ghana in Focus, we tackle these pressing issues, exploring whether ending this aid could present a unique opportunity for Ghana to redefine development from an African perspective.
At the core of this discussion is the longstanding dependency that many African nations, including Ghana, have developed on foreign aid. The fact that Ghana receives around 150 million dollars annually from USAID has been seen by some as a crutch. There’s a growing notion among critics that such aid is often laden with strings attached, conditioning nations to conform to the mandates of donors rather than invest in home-grown solutions. This leads to questions surrounding sovereignty and self-determination, which our discussion ventures into deeply.
Furthermore, an analysis of where these funds actually go reveals a disheartening truth. Nearly half of the annual USAID budget is allocated to health programs, which at first glance may seem beneficial. However, upon deeper scrutiny, it becomes apparent that this money also finances administrative costs and salaries for foreign agency employees. Consequently, a significant portion of aid does not directly benefit the local population, prompting the question of whether these funds are truly effective or merely perpetuate a cycle of dependence.
As such, the conversation shifts towards the pressing need for Ghana to cultivate its internal resources. The staggering figures concerning corruption within the public sector, amounting to 2.5 billion dollars each year, juxtaposed against the 150 million in foreign aid, signify that self-sufficiency is not only possible but essential. If the government can rein in corruption and illegal activities such as gold smuggling—costing an estimated 5 billion dollars—the country could feasibly sustain its own development without reliance on international aid.
The episode further encourages listeners to rethink what development means from an African standpoint. Trump’s departure from traditional aid models can be viewed not simply as an ending but as an unprecedented opportunity for African nations to devise strategies rooted in their own context. By leveraging local research and grassroots initiatives, Ghana can begin to address the actual needs of its citizens rather than adhering to externally imposed frameworks for growth.
In conclusion, Trump’s halt of USAID funding can be perceived as a wake-up call for Ghana to chart its own model of development
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We provide valuable information that can assist you in your relocation like the Ghana card how/where to register your business.
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This weeks edition of Ghana in Focus looks at the hopes and aspirations for 2025 following the NDC's historic landslide victory.
The political landscape is shifting, and many are eager to see what this government will prioritise during its term. With complexities like economic instability, rising costs of living, and pressing social issues, the new administration has a challenging road ahead. With Mahama's leadership and support from Vice President Naana Opoku Agyeman, it's vital to evaluate the sectors that need immediate focus in order for Ghana to thrive.
One of the most critical issues facing the nation is its economy. With Ghana grappling with a cost of living crisis and inflation rates that do not accurately reflect the true rise in prices for essential goods, Mahama's government must tackle these economic hurdles head-on. Official inflation statistics place rates at around 25%, but many believe that on-the-ground realities tell a different story. The skyrocketing prices of food—some items have seen increases of over 300% in just three years—pose a serious threat to the everyday lives of Ghanaians.
The new administration will face particular challenges in the area of debt restructuring. Ghana has entered international agreements in pursuit of crucial loans, which come with the requirement to restructure debts that have burdened the economy. The country's debt-to-GDP ratio has been dangerously high, indicating unsustainable financial practices that must be corrected to avoid future economic collapse.
Health is another major area that requires urgent attention. The COVID-19 pandemic exposed the numerous weaknesses in Ghana's healthcare system, highlighting a dire need for investment. Basic medical equipment and facilities are lacking, leading to unnecessary casualties and health crises within the population, especially among children and young adults. The new government needs to not only address the inadequacies but also widen access to the National Health Insurance Scheme to ensure all Ghanaians are provided with adequate healthcare, while also focusing on prevention through public health initiatives and education.
Agriculture represents both opportunity and necessity for Ghana's vision towards 2025. It's evident that reliance on imports for food is untenable; the nation's fertile lands can provide for its people if given the right supportive policies and infrastructure. Initiatives that promote self-sufficiency in food production should be introduced, like the famous Acheampong era "Operation feed yourself" programme
Moreover, a massive concern for the future of Ghana lies in illegal small-scale mining, which poses significant threats to the environment and water sources. This practice has reached alarming levels, where pollution endangers entire ecosystems and the health of the population, particularly in mining areas. The new government must commit to combatting these practices with rigorous policy strategies and enforcement, ensuring the protection of vital resources that are integral for survival and prosperity.
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We offer a consultation session for those who wish to relocate to Ghana , do business in Ghana , buy land, buying a property or even starting business in Ghana. We offer professional support tailored on your needs and wants.
We provide valuable information that can assist you in your relocation like the Ghana card how/where to register your business.
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We charge a rate of US$30 for an hour's consultation or US$20 for a 30 minute consultation briefing.
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This week's edition of Afrika n Focus continues our review of 2024. We begin with events in Ghana that concluded with the dramatic 2024 elections, where the New Patriotic Party (NPP) experienced a huge defeat. The opposition party, the National Democratic Congress (NDC), rose to prominence with an unprecedented 56% of the vote, marking the largest victory margin in Ghana's fourth republic. The electoral upset reflects widespread dissatisfaction with the NPP's handling of economic challenges, including power outages, a cost of living crisis, and economic mismanagement. Despite the emergence of new political entities like the New Force Movement and the Movement for Change, the electorate remains anchored to traditional political forces, signalling a reluctance to embrace a third-party alternative.
As the podcast unfolds, we expand our focus beyond Ghana to explore a broader wave of transformation sweeping across the Sahel region. This area, which includes countries like Mali, Burkina Faso, Niger, and Guinea Bissau, is experiencing a revolutionary spirit aimed at reclaiming economic sovereignty. Leaders such as Ibrahim Traore are taking bold steps to overturn the legacy of Western economic control, focusing on reclaiming natural resources and empowering local communities. The episode highlights how these countries are dismantling colonial-era economic agreements, repaying debts, and regaining control over valuable resources. This movement is more than a political shift; it's a spiritual reawakening and a resolute pursuit of Afrikan self-determination.
One of the pivotal moments in this Sahelian revolution is the rejection of the French Francophone Agreement. This colonial-era pact allowed France to siphon wealth from African nations, but the current leadership in Mali and Burkina Faso is reclaiming their natural resources and redirecting wealth to benefit the local populace. By investing in agriculture and supporting local farmers with land, machinery, and organic seedlings, these nations are addressing land ownership disparities and striving for food self-sufficiency. The determination to break free from economic dependency underscores a broader narrative of self determination across the Sahel.
Furthermore, we examine the strategic alliances these countries have embarked upon. The Alliance of Sahelian States (AES) represents a military and economic pact that underscores the unity and collective strength of these nations. By creating a common passport and discussing the establishment of a single currency backed by gold, these countries are taking concrete steps towards greater economic integration, REAL independence and self determination.
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We offer a consultation session for those who wish to relocate to Ghana , do business in Ghana , buy land, buying a property or even starting business in Ghana. We offer professional support tailored on your needs and wants.
We provide valuable information that can assist you in your relocation like the Ghana card how/where to register your business.
We can also signpost you to other agencies that can help in your relocation as well as business and investment opportunities.
We charge a rate of US$30 for an hour's consultation or US$20 for a 30 minute consultation briefing.
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This week's episode of Afrika in Focus reviews the year 2024 and offers listeners an in-depth examination of the key events shaping the continent. We start with South Afrika -- With thirty years since the end of apartheid, South Africa faces a seismic political shift as the African National Congress (ANC) lost its parliamentary majority for the first time, leading to an unexpected coalition with the former apartheid party now re branded Democratic Alliance (DA). This fragile alliance reflects the deep-rooted socio-economic challenges that continue to plague the nation, with racial and economic divides persisting despite the promises of transformation.
We explore the implications of this political shift, questioning the effectiveness of opposition figures like Julius Malema. Malema's waning influence is scrutinized, as the podcast reflects on the unfulfilled promises of socio-economic change and the ANC's struggle to maintain its grip on power. This shift raises significant questions about the future of South Africa and its ability to address entrenched inequalities, particularly regarding land ownership and wealth re-distribution.
Venturing into East Africa, we scrutinizes the enduring leadership of President Kagame in Rwanda. Despite Rwanda's economic strides and infrastructure development, concerns about Kagame's long-standing rule and the lack of political opposition raise questions about the country's post Kagame future. We also highlight the international community's complicity in resource exploitation, especially in the Democratic Republic of Congo, where ongoing humanitarian crises are often overshadowed by global conflicts.
The episode also casts a spotlight on systemic inequality across Southern Africa, examining Namibia's struggle with apartheid-like conditions and land ownership disparities. The situation in Mauritius is discussed, highlighting the complex ethnic dynamics resulting from colonial history, leading to an Indian-majority government that often overlooks the African population's interests. The political changes in Botswana are also explored, with a new coalition government raising questions about its ability to address critical issues like land ownership.
Racial discrimination and human rights abuses in North Africa are another focal point of the episode. The podcast urges a hard look at the societal challenges plaguing the continent, emphasizing the need for a unified approach to tackle systemic racism and economic marginalization. This episode of Afrika in Focus offers a comprehensive analysis of the political and social challenges facing Africa, urging listeners to engage with these critical issues and consider their broader implications for the continent's future.
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We offer a consultation session for those who wish to relocate to Ghana , do business in Ghana , buy land, buying a property or even starting business in Ghana. We offer professional support tailored on your needs and wants.
We provide valuable information that can assist you in your relocation like the Ghana card how/where to register your business.
We can also signpost you to other agencies that can help in your relocation as well as business and investment opportunities.
We charge a rate of US$30 for an hour's consultation or US$20 for a 30 minute consultation briefing.
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We continue our series looking at tourism in Afrika where we take you on a captivating journey through Johannesburg, a dynamic megacity in South Africa. Known for its rich history rooted in the gold rush, Johannesburg has evolved into a vibrant hub that melds cultural heritage with modern innovation. As a city that is both a financial powerhouse and a melting pot of cultures, Johannesburg offers an array of experiences that promise to captivate any traveler.
The podcast begins with an exploration of Johannesburg's historical and economic significance. As one of Africa's megacities, Johannesburg is a testament to the continent's growth and resilience. Its foundation on the riches of the gold rush era is reflected in its modern skyline, home to many major South African and international companies. I highlight Johannesburg's role as a business center, while also celebrating its cosmopolitan atmosphere and diverse population.
We delve into Johannesburg's cultural and historical attractions.
The city is home to iconic landmarks and world-class infrastructure, much of which was developed for the 2010 World Cup. We emphasize Johannesburg's artistic and historical richness. From the Apartheid Museum to the Cradle of Civilization Museum, these sites provide a poignant insight into South Africa's past and the evolution of humankind. The city's art scene is also spotlighted, with a visit to the Johannesburg Art Gallery offering a glimpse into its creative spirit.
Johannesburg has an array of international cuisines and traditional South African dishes like Biltong. The podcast also explores Johannesburg's vibrant nightlife, one of the best in Afrika.
For wildlife enthusiasts, the episode offers recommendations for exploring the natural beauty surrounding Johannesburg. The nearby lion and safari park is a must-visit, providing thrilling encounters with nature.
I reflect on the stark contrasts within Johannesburg, from the affluent suburbs like Sandton to the historic township of Soweto. This exploration of socioeconomic disparities provides a deeper understanding of the city's complexities. I invite listeners to witness first-hand the legacy of apartheid and the ongoing challenges faced by South Africa. Through thoughtful commentary, I provide insights into Johannesburg's social dynamics, encouraging a nuanced appreciation of its history and progress.
Sources:
What It's REALLY Like Visiting JOHANNESBURG, SOUTH AFRICA
Top 10 Things to do in Johannesburg 2024 | South Africa Travel Guide
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We offer a consultation session for those who wish to relocate to Ghana , do business in Ghana , buy land, buying a property or even starting business in Ghana. We offer professional support tailored on your needs and wants.
We provide valuable information that can assist you in your relocation like the Ghana card how/where to register your business.
We can also signpost you to other agencies that can help in your relocation as well as business and investment opportunities.
We charge a rate of US$30 for an hour's consultation or US$20 for a 30 minute consultation briefing.
To book your consultation please email [email protected]
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Accra, the bustling capital city of Ghana, stands as a vibrant hub of African tourism, seamlessly blending rich cultural history with modern marvels. In this podcast episode, we explore why Accra is a top travel destination, particularly during the festive "Detty December." This period, spanning from December to January, transforms the city into a lively center of festivities and cultural experiences, attracting both locals and international tourists.
One of Accra's unique charms is its blend of colonial architecture and contemporary infrastructure. Accra is a 2 hour drive from significant historical sites such as the Elmina and Cape Coast slave castles, which provide a poignant reminder of the past. These landmarks are easily accessible thanks to improvements in road infrastructure, like the Kasoa and Kwame Nkrumah Interchanges. Such developments have made navigating the city more convenient for tourists eager to explore its rich history.
Accra offers a myriad of transportation options to suit every traveler's needs. Whether you prefer the convenience of Uber, the local flavor of minibuses, or the affordability of state-sponsored electronic buses, Accra's transportation network is designed to make your journey seamless. For those looking to explore the city at their own pace, car rentals are readily available, offering a range of vehicles from sedans to SUVs.
Culinary enthusiasts will find Accra's food scene to be a delightful adventure. The city boasts a diverse array of dining options, from international cuisines to traditional Ghanaian dishes. Notable mentions include the popular Buka restaurant, renowned for its authentic Ghanaian flavors. Accra's malls, like A&C Mall and Accra Mall, offer a blend of shopping experiences, from high-end fashion brands to traditional crafts, catering to every shopper's desires.
The leisure and entertainment scene in Accra is nothing short of exhilarating. Labadi Beach and upscale resorts like Sandbox and Allure provide perfect spots for relaxation and enjoyment. As the sun sets, Accra's nightlife comes alive, particularly in the Osu district, known for its trendy bars such as Republic and Sky Bar. The city's vibrant music scene is highlighted by events like Afrofuture, an Afrobeat extravaganza that lights up December, drawing music lovers from around the globe.
As we conclude this episode, we also offer a glimpse into future explorations of African travel destinations. STAY TUNED!!
Sources:
(12) Why GHANA is Becoming AMERICA’S Greatest Escape | PassportHeavy.com - YouTube
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We offer a consultation session for those who wish to relocate to Ghana , do business in Ghana , buy land, buying a property or even starting business in Ghana. We offer professional support tailored on your needs and wants.
We provide valuable information that can assist you in your relocation like the Ghana card how/where to register your business.
We can also signpost you to other agencies that can help in your relocation as well as business and investment opportunities.
We charge a rate of US$30 for an hour's consultation or US$20 for a 30 minute consultation briefing.
To book your consultation please email [email protected]
Subscribe on Youtube - just look for the Ghana/Afrika in Focus podcast on Youtube and click the notification bell so that every time I upload a new podcast it automatically comes to your feed.
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From the publisher's feed
Ghana In Focus aims to bring you the lowdown on Ghana including critique on the hot topics making waves in Ghana as well as buying property in Ghana, renting in Ghana especially in the capital,…