On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Ghanaian Government is negotiating for a $30-million Chinese concessionary loan to speed up Information Communication Technology (ICT) connectivity to rural areas. Two-thirds of the Ghanaian population lived in the rural areas and required connectivity so that ICT related services could be extended to them. The state-owned Ghana Telecom (GT) had planned to provide landlines and Internet connectivity to rural areas in the Upper West Region. GT was also expected to change the existing telephone lines in those same areas to Fixed Cellular Terminal on the Global System for Mobile (GSM) network by the fourth quarter of 2007 to enhance accessibility in those environs.

- Gambia has received the visit of a Taiwanese group of politicians and business men. The visit was part of the delegation six-nation African tour. This follows the Chinese tour a couple of weeks ago. More contracts and loans are in the air?