Business in Ghana

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Waking Up from the Pipe Dream

Posted by Business in Ghana on March 23, 2014

By Charles Wereko-Brobby (Dr), Chief Policy Analyst, Ghana Institute for Public Policy Options (GIPPO),  tarzan@eyetarzan.org

“It is not worth the paper it is written on” is one of the most used sentences in everyday dialogue. It’s most famous manifestation is the 1938 speech of British Prime Minister Neville Chamberlain describing the Munich Agreement with Hitler as bringing “Peace in our Time”.  Within one year, World War 2 broke out and the rest is history.

The Government of Nigeria, acting in concert with its Nigerian national Petroleum Company (NNPC), and its joint venture partners, Chevron Nigeria and Shell Nigeria, have finally come off the vacillating wall and told the Government and people of Ghana, that the agreement  to supply 123 million cu ft gas per day is not worth the paper it was written on .

This is the full import and meaning of the outcome of the Minister of Energy’s mercy mission to Nigeria which yielded the pathetic capitulation that no more than 50 million cu ft of our contracted supply can be guaranteed. Call me a war monger if you like, but as with 1938, Ghana must take this Nigerian slap in the face as having bloodied our nose, sabotaged our economy, and tantamount to a declaration of war. Read the rest of this entry »

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