The Hague (AFP) – Kenya on Monday rebuked Somalia for dragging it before the UN’s top court to defend a maritime border dispute that could decide the fate of potentially lucrative Indian Ocean oil and gas reserves. In a hearing at the UN’s International Court of Justice, Kenya described as “absurd and hurtful” Somalia’s claims … Read more
The Hague (AFP) – Somalia accused Kenya on Tuesday of unnecessarily prolonging a battle over lucrative Indian Ocean oil and gas reserves, saying “both impoverished nations” had an interest in swiftly resolving the dispute. And Mogadishu also slammed Nairobi for criticising its Horn of Africa neighbour for turning to the UN’s top tribunal, the International … Read more
Nigerian President Muhammadu Buhari has said his government is not ready to negotiate with Boko Haram until it is clear who is leading the terror group. “I gave directives on three different occasions and I am not ready to go beyond this unless the leaders of Boko Haram come out in the open and say … Read more
Nigerian billionaire Aliko Dangote has claimed that he hopes to buy Arsenal within “three to four years”. The 59-year-old, who is Africa’s richest man, expressed an interest in sealing a takeover of the North London club last year. Dangote, worth a reported $10.9billion, is believed to have been affected by the decrease in value of … Read more
Chiefs in the Western Region say they are disappointed that the various political parties have ignored their call for government to dedicate a certain percentage of oil revenues for the development of the Region. Acting President of the Western Region House of Chiefs, Nana Kwasi Agyemang IX who spoke with Joy News on the side … Read more
Campaign coordinator of the National Democratic Congress says President John Mahama’s foundation which took almost eight years to lay is so strong it can never crumble. Kofi Adams insists that despite the plummeting prices in oil on the world market, Ghana’s economy has been stable thus far. Speaking on Joy FM’s Super Morning Show Monday, … Read more
Tackling Corruption, Poverty, Unemployment and Inequality: Major Challenges Facing any New Government in Ghana. By Ben Ofosu – Appiah South Korea went from a poor country devastated by war to an OECD member in 50 years. In the same period of time Ghana went from a country with a high potential for take-off to one … Read more
The question explicit in the title of this article is directed at the political parties aspiring to govern this country. We are by no means ignorant of the fact that nations are infinitely more complex than businesses. Nor are we by ‘business plan’ referring to those multi-year ‘development plans’ favoured by certain ‘political visionaries’ ONCE … Read more
The Africa Centre for Energy Policy (ACEP) has welcomed the flow of first oil from the Tweneboa, Enyenra and Ntome (TEN) oil fields, saying it can help transform Ghana’s economy. In a statement signed by Executive Director Dr Mohammed Amin Adam, ACEP said as the second producing oil field, Ghana’s oil and gas industry is … Read more
Crime rate in Accra reduced in 2014, as against the rate in 2013, senior police officials reported. In 2014, a total of 847 major crimes were recorded, compared to 1085 cases in 2013; representing 21.93 per cent reduction rate. The Accra Regional Police Commander, Deputy Commissioner of Police (DCOP) Mr Christian Tetteh Yohuno, attributed the … Read more
The annual report on average annual salaries in the global oil and gas industry for the year 2013 indicates that Ghanaian workers in that industry are among the least paid in the world today. The report was jointly compiled by oil and gas recruitment experts, Hays Oil and Gas, and industry researchers, Oil and Gas … Read more