Browsing all posts in Business.
GNPC Lifts 994,691 Barrels Of Crude Oil
The Ghana National Petroleum Corporation (GNPC), successfully lifted a total of 994,691 barrels of Jubilee crude oil from the FPSO Kwame Nkrumah using a Belgian flagged vessel MT “FELICITY”. The GNPC lifted the crude oil on behalf of the Ghana Group, comprising Government of Ghana (GoG) and GNPC. The 994,691 barrels of oil lifted is [...]
EO Group fails to repay $61.7m debt to Kosmos
By Emmanuel K. Dogbevi & Ekow Quandzie Page last updated at Tuesday, May 24, 2011 14:14 PM // Leave Your Comment Kosmos Energy has revealed that one of the Jubilee Partners at Ghana’s oil fields, the EO Group owes it an amount of $61.7 million and it might have to go to court to claim [...]
Strauss-Kahn Screws Africa
*by Greg Palast for *The Guardian Now that I’ve dispensed with the obvious and obnoxious teaser headline, let’s drop the towel and expose Dominique Strauss-Kahn’s history of arrogant abuse. The truth is, the grandee of the IMF has molested Africans for years. ** On Wednesday, the *New York Times* ran five – count’em, FIVE – [...]
Ghana – The world’s fastest growing economy
If you think that China is the world’s fastest growing economy, think again. However, among the major (or large) economies, China does remain the fastest growing economy. But if you take smaller nations too in the list, China slips down the list. 1. Ghana: 20.146% Many economists believe that Africa is the next boomtown. Several [...]
Ghanaian Government must partner the Private Sector to deliver developmen
By Liana Bran, Intern, IMANI With the combined efforts of the World Bank and the National Development Planning Commission (NDPC), the Ministry of Finance and Economic Planning (MOFEP) hosted the Stakeholders Forum on Draft National Public-Private Partnership (PPP) Policy for Ghana on September 16, 2010. While participants questioned the validity of the current attempt in [...]
Ghana, the home of cocoa, has very little chocolate
Source: STEVE MBOGO There are few countries in Africa where one finds the most famous local produce or mineral readily available or affordable. In South Africa, you don’t get to see gold easily. In Kenya, very few people can afford a cup of quality coffee; in fact coffee houses are exclusive and the consolation for [...]
Kosmos withholds Jubilee sale, goes into drilling
Kosmos Energy has withheld the sale of its 30 percent stake in Jubilee Oilfield. For the first time in its history the energy firm is venturing into the drilling of oil after so many years of exclusively exploring the commodity, sources close to the company have disclosed to BUSINESS GUIDE. This has been accentuated by [...]
Ghana records maritime trade deficit of 1,437,688 metric tons
Ghana recorded a maritime trade deficit of 1,437,688 metric tons in the third quarter of 2009. The Ghana Shippers Authority’s quarterly journal copied to the Ghana News Agency on Thursday said maritime export and import trades accounted for 755,264 and 2,192,952 metric tons for period. The export volume recorded, however, showed 8.0 per cent increase [...]
No locally grown rice in Koforidua
Despite the efforts being made to encourage Ghanaians to consume locally produced rice it is not easy to find one at the Koforidua market. Out of over 20 shops surveyed by the Ghana News Agency (GNA), in the central part of the New Juaben Municipality, only one shop located in an obscure corner behind the [...]
Government won't prescribe market design on energy sector
Dr Joe Oteng-Adjei, the Minister of Energy, has assured stakeholders in the energy sector that government would neither prescribe any particular market design nor impose a preferred structure for the sector. Dr Oteng-Adjei said this in Tema when he visited the head office of the Ghana Grid Company Limited (GRIDCo) on Wednesday. He said stakeholders [...]
