GRi BEF News 15 - 11 - 2001

Ghana gets approval for Country Programme

Accra Bourse in marginal gains

 

 

Ghana gets approval for Country Programme

 

Accra (Greater Accra) 15 November 2001 - The United Nations World Food Programme (WFP) has approved a 15.3 million-dollar Ghana Country Programme to provide 482,000 Ghanaians with food aid through 2005, a statement from the WFP said on Wednesday.

 

Under the Country Programme, the WFP would supply 35,000 tonnes of food over the next four years to support the government's poverty reduction activities, the statement explained.

 

Three other basic activities involving community health and nutrition education, girls' education and savannah resource management would also be covered under the programme, which is linked to other UN Agencies and non-governmental organisations.

 

It said in addition to the overall country programme 4.7 million dollars would also be earmarked for HIV/AIDS programmes. "The people of Ghana have inadequate access to basic education and health nor do all have the opportunity to make a living," the statement quoted Eva Hodell, Country Director, WFP Ghana as saying.

 

"This has not only arrested the individual's ability to make ends meet at the most basic level but it has also hampered the country's development."

 

A most recent WFP study showed that 45 per cent of children in Ghana's three northern regions were underweight and malnutrition among women was a major health problem.

 

"Our aim is to help poor and hungry families to take charge of their lives, enabling them to stand on their own two feet against poverty," Hodell said.

 

In the first of the three projects, WFP food would serve as a nutritional supplement to malnourished pre-school children attending community health and nutrition centres.

 

The Agency would also use food as an incentive to expectant and nourishing mothers to attend health and nutrition education classes.

 

In the northern savannah rural areas only 67 per cent of boys and 62 per cent of girls are enrolled in primary school, rates which are substantially below the national average.

 

Through the WFP girls' education project, some 29,600 female pupils would be offered a monthly take-home ration of cereals and oil in return for attending school.

 

"This food will act as an incentive for families to enrol their girls in primary school and to maintain regular attendance," said Hodell.

 

"Take-home rations have proved an extremely effective way of ensuring attendance, and therefore improving performance."

 

Recent studies indicated that about 58 per cent of farmers do not have enough food to feed their families, because of recurrent drought, reduced soil fertility and high population growth.    

 

Concentrated mainly in the northern regions, these families endure the worst food shortages between March and August each year.

GRi../

 

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Accra Bourse in marginal gains

           

Accra (Greater Accra) 15 November 2001 - The Ghana Stock Exchange (GSE) All-Share Index, the main market indicator, was up 0.43 points in mid-week trading on Wednesday to finish 957.47 points after it slumped under heavy bearish sentiments on Monday.

 

Generally the market continued to be dull although shares traded were up at 52,100 shares from 41,600 shares on Monday. There was only one price change. Ghana Commercial Bank made five cedis at 1,560 cedis.

 

Market capitalisation went down to close at 3,906.98 billion cedis from 3,906.15 at the previous close. Below are the closing prices of the listed equities in cedis:

ABL                             320                

AGC                        18,800                                                    

ALW                         4,300                                                                

BAT                              627                                                                

CFAO                            60

EIC                            3,005                

FML                             950                

GBL                           1,000                

GCB                          1,560                 +5                                           

GGL                             900                

HFC                             952                            

MGL                             241    

MLC                             145                                                                

MOGL                     18,001                                                    

PAF                               800                                       

PBC                               450

PZ                               1,005                                                               

SCB                           20,500              

SPPC                            340      

SSB                            2,300               

UNIL                          2,300                                                               

CMLT                           430

GRi../

 

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