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Editorials/Opinion

Oil can be a curse to poor nations

Oil is a curse. Natural gas, copper and diamonds are also bad for a country’s health. Hence, an insight that is as powerful as it is counterintuitive: poor but resource-rich countries tend to be underdeveloped not despite their hydrocarbon and mineral riches but because of their resource wealth. One way …

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Dr. Paul Acquah: The legendary banker steps out

Dr. Paul Acquah, the governor of Ghana’s central bank will bow out of office as governor, and he would be doing so satisfied, knowing that he would be remembered as one of the remarkable bankers of the century. When he walks out of his offices on the Accra High Street …

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China’s banks running hard to stand still

Chinese banks are like enthusiastic runners on an accelerating treadmill. The weakening economy means poor lending decisions are threatening to catch up with them, but the banks are sprinting ahead by expanding their loan books ever faster. They cannot keep this up for ever. For now things still look fine. …

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Ghana spends $760m on malaria annually, how about effects of e-waste?

Ghana’s Minister of Health, Dr. George Sipa-Adjah Yankey has said the government of Ghana spends over $760 million every year treating malaria. He said these when he addressed the 74th Annual Conference of the Pharmaceutical Society of Ghana (PSG). Dr. Yankey regretted that despite this huge expenditure people, still die …

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What will oil mean to Ghana, as country approves field development plan?

Some, like Norway, have managed oil revenues wisely. Others, like Nigeria, are plagued by corruption, poverty and violence. Soon, oil will start flowing in Ghana, the West African nation known for cocoa and gold that recently approved the development of its first major oil field. Earlier this month, Ghana’s government …

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Recession cuts pollution but also green investments

The environment won a temporary reprieve in the recession as Americans slammed the brakes on one of their favorite pastimes: consuming stuff. But while the austerity brought by a battered economy has cut pollution, it has also hit investment in green technology, which could damage the environment in the longer …

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Relocation of companies from Nigeria to Ghana: Why Nigerians think Guinness would not move

The Nigerian economy is jittery as a result of movements of some companies from the country to Ghana. Businesses in West Africa’s most populous country are relocating to Ghana because Nigeria has serious power shortage. Following the flight of companies, the Nigerian Stock Exchange, and the Lagos Parliament have all …

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Bank of Ghana MPC statement of July 21, 2009: Full text

On Tuesday, July 21, 2009, the Monetary Policy Committee (MPC) of the Bank of Ghana released a statement on Ghana’s economy after it had met and reviewed it. We bring you the full details of the statement that was read by the governor of the central bank and chairman of …

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Is the UK government serious about halting e-waste dumping in Ghana?

The British colonized Ghana for many years, and succeeded in building their economy with Ghana’s natural and human resources. But now they have turned Ghana into a dumping ground for their out of use electronics equipment. It is known that electronics waste or e-waste contains a dangerous cocktail of poisonous …

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