The 2016 running mate of the opposition New Patriotic Party Dr. Mahamudu Bawumia has said Ghana’s economy performed much better under the late President John Mills than it is doing currently, under President John Mahama. According to him, although the Mahama administration has had more revenue at its disposal, it has failed to live up … Read more
The father of a former Nigerian militant leader has died after sustaining injuries during a government military campaign aimed at halting attacks on infrastructure in the oil-producing Delta region, his spokesman said late on Wednesday. Government Ekpemupolo, known as Tompolo, is a commander of the Movement for the Emancipation of the Niger Delta (MEND), a … 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
Ghana’s finance minister hopes to tap international capital markets for the fourth time in as many years, but dismissed concerns that government spending and borrowing ahead of elections increased the risk of the nation’s debt becoming unsustainable. Seth Terkper said the Treasury would like to issue a new bond by the end of the year, … Read more
Abuja (AFP) – Nigeria’s economy nosedived into a recession official data revealed Wednesday with oil production hammered by militant attacks on pipelines and foreign investment at a “record” low. Output in the three months to the end of June was -2.06 percent with the oil sector reporting a double-digit decline following a wave of attacks … Read more
Abuja (AFP) – Nigeria’s economy nosedived into a recession, official data showed Wednesday, with oil production hammered by militant attacks on pipelines and foreign investment at a “record” low. Output in the three months to the end of June was -2.1 percent with the oil sector reporting a double-digit decline following a wave of attacks … Read more
Nigeria announced on Monday it resumed payments to former militants in its oil-rich Niger Delta region, according to a Bloomberg report. The payments of 65,000 naira per month (about $204) to about 30,000 ex-militants were stopped back in March amid lower oil prices. In light of the news, some folks quickly penciled in a return … Read more
Ghana’s legislature has given its approval to the Petroleum Production and Exploration Bill on Thursday. The law, which will regulate the nation’s oil sector, comes nine (9) clear years after Ghana discovered oil. Speaking to Joy News after the House approved the Bill, Energy Minister, Emmanuel Armah Kofi Buah, says even though the PNDC Law … Read more
President Muhammadu Buhari has cancelled his visit to Ogoni land in Rivers state. The president was scheduled to travel to the state to inaugurate the process of cleaning up the area. Although no reason was given for the cancellation of the visit, it followed threats by militants- Niger Delta Avengers (NDA) on the life of … Read more
Oil and mining belong to the extractive industry, where they have a massive impact on the global economy. Ghana is no different. Formerly called the Gold Coast due to its vast wealth of natural resources, the country has benefitted immensely from the extractive industry. The Ghana Statistical Service indicates that the industry contributed a combined … Read more