Mshale Newspaper March 8-14, 2021

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Issue # 460

INSIDE

www.mshale.com

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Gov. Walz says state ahead of schedule on COVID-19 vaccinations

MARCH 8-14,2021

A F R IC A N

C OM MU N I T Y

N E W S PAP E R

As Ghana turns 64, diaspora urged to invest back home

UN: Mental health alert for 332 million children due to COVID-19

National Cathedral tolls bell 500 times in honor of 500K deaths

A child holds a Ghanaian flag at a pre-Covid Independence Day celebration for the West African nation. Due to the pandemic officials from the Ghana Embassy in Washington addressed Ghanaians at a virtual town hall on March 5. Photo: Courtesy Ghana Embassy

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Toumani Diabaté and the London Symphony Orchestra album

By Edwin Okong’o Mshale Contributing Editor Ghanaian diplomats have called on their compatriots living abroad to take advantage of the numerous investment opportunities that exist back home. The diplomats from the Embassy of Ghana in Washington, D.C., were speaking Friday during a virtual town hall meeting that launched three days of online celebrations of the west African country’s 64th year of independence from the British Empire. “As we reflect on the significance of our independence as a people, I call on all compatriots to continue to strive for excellence in spite of all the challenges that confront the world today,” said Genevieve Apaloo, the embassy’s acting head of mission. “Building a self-sufficient Ghana will depend on the efforts of all Ghanaians, especially those of us in the Diaspora. So, let us continue to stay united and resolute in our support for our government’s effort to build a strong and equitable socio-economic environment for our people.” Like many African countries, Ghana is targeting itsDiaspora in efforts to jumpstart an economy battered by shutdownsrelated to the coronavirus pandemic. Since 2009, the amount of money sent home by Africans living outside the continent nearly doubled to $85 billion

in 2019, accounting for 5 percent of the continent’s GDP, according to the Brookings Institution. Due to the Covid-19 pandemic, that number is projected to decline by 21 percent, or $18 billion, and countries like Ghana, which received over $4 billion in remittances in 2019, see direct investment by their citizens abroad as a way to make up for that shortfall. The event’s moderator, Maryland-based DJ Kweku Amoako, said it was important to have the Ghanaian government maintain a strong connection with the Diaspora in order to boost confidence in investment. “There are a lot of people in the Diaspora, not just Ghanaians, who are very, very interested in exploring investment opportunities in various sectors in Ghana,” Amoako said. “We know that opportunities are there. We know that the will is there but somehow the connection is broken.” Cynthia Djokoto, the embassy’s head of trade and investment, said the government recognized that, and was making efforts to bridge that broken link between Ghanaians and the investments opportunities back home. She said the Ghana Investment Promotion Center had created a Diaspora investment desk at the embassy to facilitate engagement with those considering investing in the country. Ghana had several opportunities for investment in areas such as processing Ghana on Pg. 8


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