NDC CASHED $400m COCOA LOAN AFTER LOSING 2016 POLLS – COCOBOD.

NDC CASHED $400m COCOA LOAN AFTER LOSING 2016 POLLS – COCOBOD. The Chief Executive Officer of the Ghana COCOBOD, Joseph Boahene Aidoo, says government is investigating the withdrawal of $400 million cedis out of the $1.8 billion cocoa syndicated loan secured for the 2016/2017 crop season, between December 20th and January 2017, when the National Democratic Congress (NDC) administration, had already lost the 2016 elections and were on their way out of office. The COCOBOD CEO says Ghanaians will soon know the outcome of their investigations into that transaction. He explained that, the NDC government secured an amount of US$1.8 billion for the 2016/2017 cocoa purchases, which were projected at 850,000

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CHINA MADE 10% OF TOURISTS VISITING AFRICA IN 2016.

CHINA MADE 10% OF TOURISTS VISITING AFRICA IN 2016. The massive influx of Chinese tourists to Africa has in the recent years made a buzz, and it is for all possible reasons. After seven consecutive years of annual double-digit growth in spending, China continues to lead global outbound travel, reaching US$ 261 billion of Chinese travelers’ expenditure in 2016, a 12% growth since 2012. Approximately 135 million Chinese outbound tourists travelled in 2016, out of which 10% were bound for Africa up from 3% in 2008. As at the end of Q1/2016, China’s economy stood at an approximate $11.3 trillion, the second largest in the world just after the US

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