Business in Ghana

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Archive for December, 2010

What Can Previous Booms Tell Us About the New Oil Boom?

Posted by Business in Ghana on December 25, 2010

Courtesy of IMANI-Ghana ( &

Ghana’s turnaround after nearly two decades of military misrule began with the reforms of the late 80s.

Though, today, many consider these reforms – driven mainly by the so-called Bretton Woods institutions – to have achieved next to nothing in terms of socio-economic transformation, even their worst critics agree that at the time they were an essential element in the process of arresting Ghana’s terminal decline. Read the rest of this entry »


Posted in Financial Services, Franklin Cudjoe | Tagged: , , , , , | 1 Comment »

Stem Cells May Have Cured AIDS Patient

Posted by Business in Ghana on December 15, 2010

A very unusual blood transplant appears to have cured an American man living in Berlin of infection with the AIDS virus, but doctors say the approach is not practical for wide use. The man, who is in his 40s, had a blood stem cell transplant in 2007 to treat leukemia. His donor not only was a good blood match but also had a gene mutation that confers natural resistance to HIV. Read the rest of this entry »

Posted in Health, Uncategorized | Tagged: , , , , , | 2 Comments »

Anadarko’s Jubilee party caps tough year

Posted by Business in Ghana on December 15, 2010

By Sheila McNulty in Houston, Financial Times, with permission

When the Jubilee field in Ghana produces its first oil on Wednesday it will represent more than a boost in production for Anadarko Petroleum.

It will also validate the US independent oil group’s strategy to pursue international exploration even as its peers pulled back. Oil groups globally are facing barriers to new markets dominated by state oil companies but Anadarko is among a handful seeking organic growth abroad.

The strategy is paying off. Anadarko says it expects production to rise by 7-9 per cent over the next five years, much of it from the string of oil discoveries off the west Africa coast. Read the rest of this entry »

Posted in Oil and Gas, Uncategorized | Tagged: , , , , , , | Leave a Comment »

Completing the loop on the Slave Journey to the Americas

Posted by Business in Ghana on December 15, 2010

A Group of African Americans Head back As Free Men and Women to the Land of their Ancestors

In late December, Cameroon will be the first African nation to host a DNA-certified group of African American returnees to the country of their origin.  Some 50 African Americans from the United States will travel to the Central African country for a 10-day visit following DNA certification of their ancestral origins. Their ancestors were found to have come from different ethnic groups, including the Tikar, Bamileke and Masa, in the Central African country. Read the rest of this entry »

Posted in Tourism, Uncategorized | Tagged: , , , , | 2 Comments »

Acting Commissioner of CHRAJ, Ms. Anna Bossman, honored with Integrity Award

Posted by Business in Ghana on December 10, 2010

The Acting Commissioner of CHRAJ, Ms. Anna Bossman, was honored with an Integrity Award on December 7, 2010, at the International Corruption Hunters Alliance Conference at the World Bank headquarters in Washington DC.USA.

Presenting the Corruption Hunters Award, Mrs Obiageli Ezekwesili, World Bank Vice President for Africa Region, congratulated her for her work in anti-corruption.

The citation read “In recognition for her courage and dedication to the fight against corruption”

Earlier that day Ms. Bossman was invited to speak at a Roundtable Meeting on ‘Obtaining Evidence from Secrecy Jurisdiction’

Posted in Social Services, Uncategorized | Tagged: , , , , , | 7 Comments »

USAID Contribution to Ghana’s Food Security

Posted by Business in Ghana on December 8, 2010

The United States Agency for International Development (USAID) has provided $3.9 million to the people of Ghana through the World Food Programme’s Protracted Relief and Recovery Operation.  The funding will benefit 106,000 Ghanaians through nutritional food interventions, food for work, food for training, and income generating activities.  The principal beneficiaries include malnourished children, pregnant women and nursing mothers, and people living with HIV and their families in the three Northern regions. Read the rest of this entry »

Posted in Agriculture, Uncategorized | Tagged: , , , | Leave a Comment »

Ivory Coast: UN Steps Up Diplomacy In Support Of Opposition Presidential Victor

Posted by Business in Ghana on December 8, 2010

The United Nations today intensified its diplomatic moves over Côte d’Ivoire, where outgoing President Laurent Gbagbo insists he won last month’s elections despite UN certification of his rival Alassane Ouattara as the clear victor.

At UN Headquarters in New York the Security Council discussed the issue while in the Nigerian capital of Abuja, Secretary-General Ban Ki-moon’s Special Representative Y. J. Choi briefed an extraordinary summit of the Economic Community of West African States (ECOWAS) on the elections, which were a key step in efforts to reunite a country split in two by civil war in 2002. Read the rest of this entry »

Posted in Politics, Uncategorized | Tagged: , , , , , , | 1 Comment »

Ivory Coast Can Learn from the Parliamentry System of Governance

Posted by Business in Ghana on December 6, 2010

By Mamadou Koulibaly, Ivory Coast

As Côte d’Ivoire is in a unique situation with two presidents of the republic, beyond the short-term analysis of the scourges of the titanic struggle that awaits the country, we can lead the debate on the pathways that could allow the limitation of absolute power that intoxicates leaders to the point of making them forget they only are the servants of their people.

The parliamentary system discovered by the English more than three centuries ago has exported more easily and had more success in poor countries in institutional transition. This is the Westminster model of government found in Great Britain, which has remarkably stood the test of time and latitudes. Countries, with poor, heterogeneous populations, exiting colonization, remote from western culture and knowing political tensions have often had to adopt this model to ensure relative stability and effective progress. This has been the case of India since 1947 and Japan since 1945. Read the rest of this entry »

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Veep contradicts aide; admits making commitments to Chinese firm

Posted by Business in Ghana on December 1, 2010


The Vice President, Mr John Dramani Mahama has admitted making commitments to a Chinese firm, Pierson Capital Group, to use the oil revenue as collateral.

The admission is a turnaround from an earlier denial of the allegation made by MP for Manhyia, Dr. Matthew Opoku-Prempeh.  Aide to the Vice President, John Jinapor told Joy News at midday his boss knew nothing about the letter the MP produced at a press conference as evidence. Read the rest of this entry »

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