Audio By Carbonatix
The Church of England says it will spend £100m ($121.6m) over the next nine years on "communities affected by historic slavery".
The announcement comes after the Archbishop of Canterbury apologised last year, following research which showed that the Church of England's investment fund had links to the slave trade.
The £100m would be in a new investment fund that would hopefully "grow over time, reinvesting returns to enable it to have a positive legacy that will exist in perpetuity", the Church of England said in its latest statement.
Last June, it said an investigation, initiated by the Church Commissioners, a charity managing the Church's investment portfolio, revealed that for more than 100 years the fund invested large sums of money in a company responsible for transporting slaves.
The fund, known in the 18th Century as Queen Anne's Bounty, had developed into a £10.1bn investment trust.
The Most Reverend Justin Welby said he was "deeply sorry for the links".
Latest Stories
-
Wontumi should not be made a sacrificial lamb to deter illegal mining – Atta Akyea
4 minutes -
Wontumi to appeal conviction next week, seek bail pending appeal- Atta Akyea
4 minutes -
Trump orders Smithsonian to post warnings about ‘inaccurate’ US history
27 minutes -
Woman dies and child injured in collision between car and truck
30 minutes -
Trump takes swipes at press during White House Correspondents’ Dinner
33 minutes -
Atta Akyea says AG’s position supports Wontumi’s no-case submission argument
49 minutes -
Ghana seeks stronger economic partnership with Egypt ahead of 70 years of diplomatic relations
50 minutes -
Atta Akyea disputes judge’s conclusions on evidence in Wontumi illegal mining case
51 minutes -
North East Regional Minister inspects development projects, warns conflict-prone communities
53 minutes -
Wontumi is not a political prisoner but common convict – Inusah Fuseini
56 minutes -
Wontumi not a political prisoner; court’s ruling was fair and square – Prof Appiagyei Atua
58 minutes -
Wontumi case: We can’t run an ambulance justice system – Atta Akyea
1 hour -
Atta Akyea: Court of Appeal must review judge’s interpretation of mining assignment in Wontumi Case
1 hour -
Justice hasn’t gotten a political term of 4 years – Atta Akyea raises concerns over Wontumi prosecution
2 hours -
No Saturday sitting: Parliament to adjourn indefinitely on July 31
2 hours