Business in Ghana

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Archive for December 1st, 2010

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 »

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

Commissioner Short retires, Anna Bossman heads CHRAJ

Posted by Business in Ghana on December 1, 2010

Mr. Emile Francis Short has retired voluntarily as Commissioner of the Commission on Human Rights and Administrative Justice (CHRAJ).

A statement signed by the Secretary to the President and issued today, December 1, said President JEA Mills has approved the Commissioner Short’s retirement, effective from 30th of November, 2010. Read the rest of this entry »

Posted in Social Services, Uncategorized | Tagged: , , , | Leave a Comment »

One John Too Many

Posted by Business in Ghana on December 1, 2010

By Sydney Casely-Hayford,

We are in a leadership crisis and it should not take a wizard to realize this.  Last week the President called on religious leaders to come to his side and help him fix he moral fabric of the country.  In his own admission, pastors and mallams have more clout with the congregation than he as President.  It was a passionate appeal and his wailing call was felt all over.  So much that he was nominated “Tornuu” of the week on JoyFm ‘s Weekend City Show. Read the rest of this entry »

Posted in Financial Services, Sydney Casely-Hayford | Tagged: , , , , , , | 9 Comments »

What the World Bank should know about Ghana’s Success Stories

Posted by Business in Ghana on December 1, 2010

By Thompson Ayodele, Imani and

Two decades ago, the rest of the world saw Africa as a hopeless continent. Today Ghana is one of Africa’s success stories.  Its economy, spurred by a thriving private sector, has grown on average by over 6 percent a year for the past five years. A significant part of this growth has been fueled by the success of the country’s palm oil industry, with over 300,000 hectares of land currently under cultivation.

Palm oil provides a major source of employment and revenue for Ghanaian smallholders, with 27,000 farmers engaged in the industry. The Ghanaian government recognizes the huge role palm oil plays in the economy, investing more than $3 million in the industry so far, and recently announcing a “master plan” to support expanded production. Read the rest of this entry »

Posted in Agriculture, Franklin Cudjoe | Tagged: , , , , , | Leave a Comment »