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Vol 55 No 16

Published 8th August 2014


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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