Editorial

Jubilee partners launch exhibition for students

Jubilee partners, operators of the jubilee oilfields, on Thursday launched an exhibition in Kumasi to educate Senior High School (SHS) students on activities involved in the exploration, production and lifting of oil. The aim of the exhibition is to keep them adequately informed about what goes into the production of oil and the opportunities...

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Govt Has No Excuse to Keep Confidentiality Clauses in Contracts

  Opinion- Public Agenda In 2007 over 450 delegates meeting in the Norwegian capital of Oslo for the third plenary conference of the Extractive Industry Transparency Initiative (EITI) shared a common dream – to get the EITI principles and criteria mainstreamed into all international finance and investment norms and practices, such that, countries and...

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Let’s Counter Opacity And Party Cronyism in Ghana’s Oil

The revelations that in a number of oil contracts signed with International Oil Companies (IOCs) small parcels of interests are held by Ghanaians, who did not pay a pesewa for the stake they hold, is worrying, more so, when the principals or the beneficiary owners of these interests have their umbilical cords deeply rooted...

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Editorial: Review Petroleum and Mining Contracts

Government has once more been called upon to review all mining and petroleum contracts regardless of the presence or absence of stability clauses in order to increase government equity or revenue and redirect investment. If for nothing at all, Ghana must emulate the examples of Tanzania, Zambia and other countries worldwide which have reviewed...

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Vice President says Ghana will follow Norwegian example in oil

Vice President John Dramani Mahama on Tuesday said Ghana would collaborate with the Norwegian government to ensure effective management and use of revenue from oil and gas. He said the Norwegian sense of equity and justice exhibited in their oil industry over the years was worth replicating in Ghana for the benefit of the...

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Ghana’s Petroleum Revenue Management bill promises greater transparency and accountability: Commentary

Ghana’s Petroleum Revenue Management bill promises greater transparency and accountability: Commentary

INTRODUCTION: Ghana has again achieved a landmark success by passing its Petroleum Revenue Management Bill in spite of the delay and highly partisan debate on the bill. What is unique about the passage of the bill is its coincidence with the opening of the 5th Global Conference of the Extractive Industries Transparency Initiative in Paris,...

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Use oil revenue to develop infrastructure – Dr Sachs

Use oil revenue to develop infrastructure – Dr Sachs

GNA – A development economist, Dr Jeffrey Sachs on Tuesday advised Ghana to invest her oil revenue in development projects such as construction of more schools, hospitals, roads and other infrastructure that would benefit all Ghanaians. Speaking at the Millennium Cities Initiative Accra Partners Conference, Dr Sachs said it was important to improve on...

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Ghana bond sale tests foreign appetite in election year

LONDON (Reuters) - Foreign interest in a bond sale in Ghana this week is likely to be muted due to lingering concerns about currency volatility and nervousness ahead of elections due late this year, but local demand should ensure the auction is fully subscribed. Ghana's relative stability and developing oil industry have made it a favourite with foreign investors but currency weakness and ...

Indians keen to invest in Ghana's sugar, fertiliser industry

Accra (Ghana), Feb 22 (IANS) Indian investors are keen to invest as much as $36 million in Ghana's ailing sugar industry, Indian High Commissioner Rajinder Bhagat has said.

Ghana: Gargantuan Crimes, Hipocrisy And The Murdering

Is Our Democracy In Tatters? Hypocrisy is the most difficult and nerve-racking vice that any man can pursue. It needs an unceasing vigilance and a rare detachment of spirit. It cannot, like adultery or gluttony – be practiced at spare moments. It is a whole time job.

New oil discovered off Liberia and Sierra Leone coasts

Drillers converged on West African shores five years ago after one of the continent’s biggest oil fields was discovered off Ghana. read more

Ghana earned over $400m from oil export last year

President John Evans Atta Mills on Thursday disclosed that Ghana earned a total of $444,124,724 from the sale of Ghana Group’s oil lifting of 3,930,189 barrels of crude oil.

Ghana: Jubilee Fields Experiencing Problems, Production Target Can't Be Met

ACCRA, Ghana -(Dow Jones)- Oil and gas production activities in Ghana's Jubilee Fields, situated off-shore the country's western coast, have been hit by problems, and as a result the projected output target for this year can't be met, President John Atta Mills said Thursday.

Ghana c.bank hikes rates, cites euro zone

ACCRA (Reuters) - The Bank of Ghana's Monetary Policy Committee announced a one percentage point increase to 13.5 percent in its prime lending rate on Wednesday, the first hike in three years, citing risks from the euro zone debt crisis and currency volatility. The decision surprised some analysts who had expected tame inflation to prompt the central bank to keep rates on hold until later in the ...

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