Enough Of CIAs Enough Project In Africa
Enough of the CIA’s “Enough Project” in Africa. With Hollywood superstar George Clooney as it’s talking head, EP, as it is known, was founded by senior US Intel “spook” Gayle Smith,...
Tag: oil production
Economic Challenges Hit Life Insurers
Life insurance companies in the country are now faced with significant challenges in selling insurance policies to consumers as pressure in the economy forces people to cut down on their...
How Hillary Clinton’s State Department Fought for Ghana’s Oil
In 2009, Kosmos Energy, a small oil exploration company in Texas, wished to cash in on its discovery of an oil field off the coast of Ghana — one of the largest found in West Africa in a decade....
GDP Growth Slumps To 2.5%
The country’s Gross Domestic Product (GDP) for the second quarter has plummeted to 2.5 percent from the 4.8 percent recorded in the first quarter of 2016, on the back of the technical challenges on...
Oil Rallies As Opec Agrees Output Cut
The oil producers cartel Opec has agreed a preliminary deal to cut production for the first time in eight years, sending crude prices surging. The major oil exporting nations struck the deal at talks...
Niger Delta Avengers Break Truce With Pipeline Blast
Warri (Nigeria) (AFP) - The Niger Delta Avengers on Saturday claimed responsibility for the destruction of a major oil pipeline in southern Nigeria, breaking a ceasefire the militant group had...
OPEC Agrees Surprise Oil Output Cut
Algiers (AFP) - The Organization of Petroleum Exporting Countries (OPEC) agreed Wednesday to cut oil production, ministers said, in a surprise move aimed at boosting persistently weak crude prices....
FPSO Shutdown Hurts Ghana’s Economic Growth
The Ghana Statistical Service (GSS) has reveled the shutdown of the Kwame Nkrumah FPSO in the second quarter of 2016 led to a slowdown in Ghana’s economic growth for that period. Gross Domestic...
Ghana’s Economic Growth Slows In Second Quarter As Oil Output Falls
Ghana's economic growth slowed to 2.5 percent in the second quarter compared with a year earlier, provisional official data showed on Wednesday, due mainly to a temporary halt in oil production....
Petroleum Commission Touts Gas Production Prospects
The Chief Executive of Petroleum Commission, Mr Theophilus Ahwireng has touted the prospects of the country’s gas production as it is set to produce about 300 million cubic feet of gas daily by...
Frank Agyekum Urges Ghanaians To Ignore Fifi Kwetey’s Lies
Frank Agyekum, spokesperson for former President John Agyekum Kufuor, has entreated Ghanaians to ignore claims by the Minister for Transport, Fifi Kwetey, that the New Patriotic Party under former...
NPP Waiting For NDC’s Response To 170 Facts Presented By Dr. Bawumia
The Office of Dr. Mahamudu Bawumia has noted the discussions on his Public Lecture on the theme – “The State of the Ghanaian Economy – a foundation of Concrete or Straw” – and continues to...
Ghana Earned Over $3bn From Petroleum Revenue
Ghana earned $3.208 billion from petroleum revenue for the production of 161.7 million barrels of crude oil between 2011 and 2015. Although the highest number of barrels, 37.4 million, was recorded...
Recession Is Adequate Reason To Cut Politicians Outrageous Pay
Is anyone serious about cutting politicians’ outrageous salaries and allowance? If this recession is not enough reason to deflate an economy that was pumped up by corruption for so many years, it...
Nigeria Downgraded By S&P, Advised By Africa’s Richest Man To Sell Assets
Nigerian billionaire Aliko Dangote told CNBC that a wave of asset selling by the government could be the best way to boost Nigeria's recession-hit economy. "I think the real challenge for us is now...
South Sudan’s Kiir and Machar Profited During War
South Sudan's political and military elite have made themselves rich while the country has struggled under a civil war of their making, a report says. Commissioned by actor George Clooney, the...
Ato Forson, You Cant Eat Numbers
There are at least two Deputy Finance Ministers in the Mahama-led government of the National Democratic Congress (NDC), and so I had to do a double take to ensure that I was responding to the...
Individuals Affected In Ghana’s Oil Production Advised To Seek Compensation
Outspoken oil and gas consultant, Dr. Steve Manteaw has entreated individuals and groups affected by Ghana’s oil production and activities to claim compensation by going through the petroleum...
‘When Bawumia Speaks, NDC Shivers’
Speeches by the vice-presidential nominee of the New Patriotic Party (NPP) always send “shivers within the NDC”, Sydney Casely-Hayford, a member of OccupyGhana, has claimed. For him, the...
Father of Ex-Niger Delta Militant Tompolo Dies After ‘military Incursion’
The father of an ex-Niger Delta militant leader has reportedly died following injuries sustained during incursions by the Nigerian military, potentially exacerbating tensions in the crisis-hit...