Browsing all posts in January, 2010.
It's time to pay realistic Prices for electricity
The Deputy Minister of Energy Dr. Oteng Adgei has stated that the development of the economy largely depends on the availability of adequate and economically priced power supply. Speaking at the sod cutting ceremony for the commencement of work on a single cycle combined 132 MW thermal plant at Aboadze, the Deputy Minister said government [...]
Tullow oil Ghana to invest in education as partt of CSR
The Manager in charge of corporate social responsibility at Tullow Ghana Okyeame Ampadu says the oil company would invest in the improvement of educational infrastructure in Ghanaian schools. He says this is to ensure that Ghanaians receive adequate and relevant training to enable them work in the growing oil and gas industry. Okyeame Ampadu who [...]
Earthquake scare wakes Ghana up!
Rumour of an impending earthquake that reverberated across the country woke the whole of Ghana up at dawn Monday January 18, 2010. While no one seems to know the source of the rumour, friends, families and neighbours made phone calls, sent text messages and knocked on doors to send warnings for people to wake up [...]
A-G scrutinises draft bill on oil
The government has drafted a Petroleum Bill which seeks to ensure that Ghanaians derive maximum benefit from the country’s oil and gas resources. The bill also contains a framework to achieve local content and 90 per cent local participation in petroleum activities in the country by the year 2020. Currently being scrutinised by the Attorney-General’s [...]
Work On Oil Starts
Technical installations have started on the Jubilee Oilfields at Cape Three Points to pave the way for the commercial production of oil and gas by the last quarter of this year. Consequently, a vessel – Happy River – arrived in the country last week and is expected to build sub-sea structures for the installation of [...]
Mills: 2010 and after would be better years
President John Evans Atta Mills, on Friday expressed confidence of better economic times ahead and stated Government’s commitment to transparency and best practices in the management of the nation’s oil revenue. He said 2010 and after promised to be eventful in the domestic context as Ghanaians awaits the commencement of the flow of crude oil [...]
Ghana Faces Worrying Brain Drain
The International Organization for Migration says an increasing number of qualified, educated young Ghanaians are migrating to foreign countries. It says this so-called “brain drain” could affect the country’s economic and development prospects. Ghana remains attractive for migrants from West African countries because of its political stability and relative economic well being. But, at the [...]
I'm Proud To Captain a Team B – Prez Mills
In his first response to Dr. Ekwow Spio-Garbrah’s assertion of his Ministerial team as a Team B, President John Mills says he is proud to have captained and worked with a Team B over the last one year. The President chalked one year in office as Ghana’s Chief Executive on Thursday, January 07. Addressing the [...]
Oil import a major challenge to Ghana's economy
Ghana’s vulnerability to the price of imported oil and gas will still remain a challenge to the economy until it becomes an oil producer itself, says Razia Khan, Regional Head of Research, Africa, Standard Chartered Bank. She said despite the construction of the West African Gas Pipeline, problems with the Nigerian supplier and disruptions due [...]
General Economic Management Front
The early months of 2009 were marked by serious economic upheaval as an expansionary fiscal philosophy was abruptly replaced with an austerity regime. A wholesale switch in mindset occurred, leaving business observers quaking in their boots. People who had stocked up on the NPP wisdom of “growing out of tight fiscal corners” – perhaps by [...]
