The world’s second largest cocoa producing country yesterday celebrated the inauguration of its new president, John Atta Mills. The event marked the end of the John Kufuor’s presidency which lasted two four-year terms. The initial election last December ended inconclusive since neither Mills nor his opponent Akufo-Addo received the necessary 50 percent of the vote. The runoff election on December 28 was extremely close–50.23 percent for Mills vs. 49.77 pecent for Akufo-Addo.
Pre-oil Boom In Ghana’s Takoradi Port
Takoradi, the port city halfway between Ghana’s capital Accra and the Ivorian capital of Abidjan is buzzing with lots of new activity. And no, it’s not the planned boom in cocoa exports–Ghana is planning to reach cocoa exports of 1 million tons by 2010/11–it’s the expectation of an oil boom that is pushing up real estate prices in the city and causing a boom in construction and renovation.
