Business in Ghana

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Archive for July 15th, 2012

Pipelines Bypassing Hormuz Route Open

Posted by Business in Ghana on July 15, 2012

By Javier Blas, http://www.FT.com

Saudi Arabia and the United Arab Emirates have opened new pipelines bypassing the Strait of Hormuz, the shipping lane that Iran has repeatedly threatened to close, in a move that will reduce Tehran’s power over oil markets.

The quiet opening of the pipelines comes amid heightened diplomatic tensions over Tehran’s nuclear programme. Iran’s oil production has fallen to its lowest in more than 20 years due to the impact of US and European sanctions, prompting Tehran to repeat its threats to shut down the strait, the conduit for a third of the world’s seaborne oil trade. Read the rest of this entry »

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

Belling the “Debt” Cat. Critical News, 15th July 2012

Posted by Business in Ghana on July 15, 2012

Sydney Casely-Hayford, sydney@bizghana.com

Prof. Kwamena Ahwoi still has a lot to say.  He has said a lot in the past, but now seems the time for him to sing his swan song.  After Mr. Fergusson Darko made it to the Daily Guide newspaper to reveal how African Automobile Limited (AAL) short-changed the country in the 1980s, for Pajero cars, under an investigation panel chaired by the Professor, you must ask the question, “how did it come about that the same Prof. went ahead decades later and awarded an identical contract to AAL?”  I needs to know Prof., which way bloweth the wind in your house? Read the rest of this entry »

Posted in Critical Weekly News, Sydney Casely-Hayford | Tagged: , , , , , , , , | 1 Comment »

A gateway to West Africa, Ghana is about to take off

Posted by Business in Ghana on July 15, 2012

By Fiona Rintoul, from The Financial Times online

That Ghana and Nigeria now have space programmes is a measure of how much and how quickly Africa is changing. Ghana is a country that exemplifies the change.

Twenty years ago, Ghana was, says one local, “a basket case”. Today, it is one of the most politically stable nations in Africa with an established record of power changing hands peacefully. Viewed by some as “Africa-lite”, the nation of 25m, which should go peacefully to the polls again in December, is positioning itself as the gateway to west Africa.

“The difference between Ghana and other countries in the region is that everything – power, roads, institutions – more or less works,” says Edem Lassey, analyst at Investec Asset Management. Read the rest of this entry »

Posted in Financial Services, Uncategorized | Tagged: , , , | 1 Comment »