Business in Ghana

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Archive for May, 2012

A Load of Rain. Critical News, 20th May 2012

Posted by Business in Ghana on May 20, 2012

Sydney Casely-Hayford, Sydney@bizghana.com

We had a rainstorm this past Saturday.  Normal for Kumasi, but a real tropical howler in Accra.

I was somewhere in the Central Business District (CBD) as we call it and I did not feel most of the storm until much later in the afternoon.  When I did get into it, the first event that caught me was a dislodged brick from the top of the Ghana House Building (which is where I was) landed on the back windshield of a red Toyota saloon car and shattered it completely.  It was raging like crazy. Read the rest of this entry »

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State of the Nation. Critical News, 13th May 2012

Posted by Business in Ghana on May 13, 2012

Sydney Casely-Hayford, Sydney@bizghana.com

Mahamadu Bawumia’s “state of the nation’s economy” speech excited the NDC to no end.  A kink in the NDC campaign armour, seems to have thrown the ruling Government into a complete tizz.  After Deputy Finance Minister Fiifi Kwetey and Deputy Information Minister Samuel Ablakwa did their discrediting tour last week, this week’s salvo came from two Government Institutions.  The Ghana Statistical Service because they felt slighted by Bawumia, held a press conference to disparage his views and label him a dangerous academic, and the Ministry of Finance and Economic Planning took out a double page advertisement in the Daily Graphic to “set the records straight”. Read the rest of this entry »

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BVR Minor, 4th Movement. Critical News, 5th May 2012

Posted by Business in Ghana on May 6, 2012

By Sydney Casely-Hayford, Sydney@bizghana.com

We finished the 4th movement in BVR minor this Saturday 5th May.  Half way in the middle of it all we went an octave higher and started a violent movement in a major city.  Between Ododiodoo and some other places, it was completely overshadowed by the Oman hiplife rap.  Kennedy Agyapong is still on bail and the prosecutors are looking for his docket, lost somewhere between the police, BNI, National Security and the Attorney General’s office. Read the rest of this entry »

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FDI into Africa accelerates as investor perceptions begin to shift

Posted by Business in Ghana on May 3, 2012

Distributed by African Press Organization on behalf of Ernst & Young

There was strong growth in the number of new foreign direct investment (FDI) projects in Africa in 2011 with project numbers almost up to levels last seen in 2008. In the last decade Africa has seen an increase in inward investment from 339 new projects to the continent in 2003 to 857 in 2011 (an increase of 153%).  Investment has come from across the world, with strong growth in project numbers from rapid-growth markets and developed markets alike with projects from the former increasing from 99 to 319 and developed markets projects from 240 to 538 since 2003. Intra-African investment has also been a key driver of this growth. Read the rest of this entry »

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Cubans Court Controversy in Malaria Battle

Posted by Business in Ghana on May 1, 2012

Source: FT Online

Half a century after Cuba despatched military advisers to Africa to spread communism during the cold war, it is sending less ideological specialists to attack a very different foe.

Dozens of salesmen and technical experts from the Havana-based company Labiofam have made inroads across the continent with a product to fight malaria, capitalising on high-level diplomatic connections forged during the early years of African independence. But health specialists have voiced concerns about the cost and effectiveness of the technology the Cubans are selling. Read the rest of this entry »

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