Rapid Growth Markets (RGMs) are expected to surpass advanced economies for growth by almost four fold this year, according to professional service firm Ernst & Young’s new quarterly Rapid Growth Markets Forecast (RGMF), released today. RGM’s are expected to grow jointly by 6.2% this year compared with 1.6% for the Eurozone. This new quarterly economic [...]
Although Tullow Oil plc first arrived in Ghana in 2007, the company had been operating for 26 years, starting its first operations in Senegal. Earlier this year, Tullow celebrated its 25th anniversary. The company’s founder and Chief Executive, Aiden Heavey, had the idea, in the 1980s, of venturing into the oil and gas business when [...]
The two main parties – the National Democratic Congress (NDC) and the New Patriotic Party (NPP) – are already effectively campaigning ahead of next year’s elections. It may be many months before the campaign properly begins, but they are gearing up for the battle. Both have their candidates in place for the key fight for [...]
The Dow Chemical company announced this week that it will expand its operations in Africa by opening outlets in Algeria and Ghana, in response to a growing demand in the regions. Multinational corporation Dow is a supplier of plastics, chemicals, and agricultural products and has a presence in more than 175 countries, employing 46,000 people [...]
It is reported that Kweku Adoboli, a UK citizen of Ghanaian descent, was arrested by Met police in London early this morning in connection with claims of illicit trading which cost his employers, the Swiss banking group UBS, an estimated $2 billion. Despite assurances from the company that no customer funds had been affected, shares [...]
African development is more effective when lead by African states and citizens, the new findings from the Overseas Development Institute shows. The report calls for a new outlook as it identified effective leadership, smart policies, institutional foundations and international partnerships as crucial roles needed to be played in development. Ghana has proved a star performer [...]
Ghanaian Entrepreneur Herman Chinery-Hesse is often described as the Bill Gates of Africa. He is the founder of the largest software company in Ghana (and possibly West Africa), theSOFTtribe. Chinery-Hesse recently came to the UK to take part in a discussion hosted by the Royal Geographical Society, but whilst in the country he also took [...]
The European Union has predicted that if Ghana manages its new oil resources wisely, the country could become independent from its donor funding by 2020. As Ghana has in many cases been viewed as a model for political and economic reform in Africa, surely this should be achievable? The oil production in Ghana has created [...]
FIFA have decided not to alter the amount of places occupied by African teams for the ‘14 World Cup. There were fears following the relatively unsuccessful World Cup, on the field, by the African sides at South Africa ‘10, with the exception of Ghana, that they could lose a place. And the decision to preserve [...]
Ghana: Northern regional minister, Stephen Sumani Nayina, has reaffirmed the government’s commitment to bridging the educational gap between the North and the Southern parts of the country. Nayina said promotion of quality education was the only and surest tool to ensure accelerated development of the people, and therefore challenged all stakeholders to complement the efforts [...]
