Business in Ghana

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Archive for July 23rd, 2012

We Have To Track Down The Oil Thieves

Posted by Business in Ghana on July 23, 2012

By Patrick Dele Cole

It seems the Nigerian government is finally waking up to the financial impactillegal theft and sale of crude oil is having on our nation, as well as on the oil-producing Niger delta region.

Last month the minister of finance said she believes up to 17 per cent of the country’s production was lost in April. This means we could be losing up to 400,000 b/d.

About $9bn of revenue, equivalent to almost a third of the federal budget, is thus under the control of a criminal cartel with tentacles that stretch from the Niger delta, through the armed forces into the heart of organised crime and out into the rest of the world. Read the rest of this entry »

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Posted in Oil and Gas, Uncategorized | Tagged: , , , | 1 Comment »

Campaign Waiver. Critical News, 22nd July 2012

Posted by Business in Ghana on July 23, 2012

Sydney Casely-Hayford, sydney@bizghana.com

I am weary this week.  The Woyome case is not moving at an adequate pace, and because I am hoping that some big names will be dropped so we can move the democracy process ahead, I am weary with the slowly developing case.  The Supreme Court is also yet to fix a date to hear Martin Amidu’s challenge on the illegality of the case (Woyome) and it looks like we are heading for a limp Parliamentary recess.  Parliament rises next week, due back in October, and we do not have too many calendar days to voting day.  I love it when Parliament recesses with mega issues to close the year so when the Minority in Parliament created a big palaver this week to do with a Constitutional Instrument regarding the creation of 45 new districts, I kind of perked up a bit.  But I am weary.  Water issues, electricity dom so, dom so, judgment debt here today, challenged tomorrow?  I am feeling the grind of non-deliverables. Read the rest of this entry »

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