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Feature Articles

Chinery-Hesse – Ghana’s Bill Gates

It’s just past midnight, and Herman Chinery-Hesse can’t sleep. The 43-year-old entrepreneur is lying on his back, eyes closed, mind cranking. He’s working through the details of a pitch to American and European investors — many of whom have never backed a company like the one he’s proposing. The pitch …

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Can wounded banks be nursed back to health?

In September, after the collapse of the American investment bank Lehman Brothers, the financial crisis took on a new and, frankly, rather frightening dimension. The Bank of England Governor Mervyn King said that the banking system had been closer to collapse than at any time since the outbreak of the …

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Ghana: A glimmer of hope emerging from Africa

The great historian A.J.P. Taylor, writing about 19th century European diplomacy, used words to the effect that “it would be tiresome, if every time a rule was established for the period, we had to add ‘except for the Italians’.” For the past generation, as benchmark after benchmark was passed in …

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Global credit crunch puts pressure on migrant workers

Vast sums of money criss-cross the globe each day, as millions of migrant workers send a portion of their pay packet home. This surging flow of funds supports one in 10 people on the planet, but the world financial crisis could slam on the brakes. In some cases it’s the …

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Ghana’s financial market – need to open up

Ever since the Bank of Ghana (BoG) set up the Ghana Inter-bank Payment and Settlement System Ltd (GhIPSS), the question has been asked several times over whether it was healthy to encourage the Bank of Ghana to become an active player in the market which it regulated. The primary business, …

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The oil boom and sex tourism in Ghana

A common reality for those in Africa, Asia, South America and many other regions of the so-called developing world is sex tourism. Recently, I met a man from Texas. He is in Ghana working in the oil industry. He is approximately fifty-five to sixty years old, and spoke fondly of …

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In Ghana they know how to count, but the rest of us don’t

Last week’s elections in Ghana have gone into the second round, after the main contenders failed to win more than 50 per cent of the vote. The ruling New Patriotic Party (NPP’s) candidate, Nana Akufo-Addo won 49.1 per cent of the vote, against 47.92 per cent for his rival, John …

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Ghana’s forest reserves under threat

Ghana’s forests have been vanishing at alarming rates. But it appears Ghana’s major stakeholders, particularly the politicians, lack the political will to act to save the forests. The country’s rich forests contribute about five to eight per cent of GDP and it is 15% of merchandise exports. Ghana’s forest products, …

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Groups and how they influence the individual (Part Two)

In an earlier write-up, we looked at what a group is and how the individual who is part of the group functions. Being part of a group comes with challenges, responsibilities and roles.  In this second and final part of our discussions on how groups influence the individual we start …

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Groups and how they influence the individual (Part One)

Every individual belongs to a group of some kind. People belong to some groups involuntarily, that is to say they have no choice in belonging to the group, they find themselves in these groups naturally. And these are groups such as the family, ethnicity, race, class, gender and so on. …

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