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Vol 55 No 16

Published 8th August 2014


Ghana

Sunny side of Washington

Behind the smiles in Washington when President John Mahama and United States Secretary of State John Kerry signed a US$500 million credit on 5 August, lay growing concern about Ghana's economy. The money is to rehabilitate the rickety power sector and although the US-sponsored Ghana Power Compact could bring in another $4 billion from business-for-power projects, it will not provide speedy relief for those hit by power cuts or the young unemployed.

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