Category: FEATURES
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Article: What next for government as dumsor clock ticks?
In 1984, Ghana was confronted with its first electricity crisis as a result of a severe drought of the lake, very much attributable to climate between 1982 and 1984. It was reported that the total inflow into the dam between 1982 and 1984 was less than 15% of the expected total, and that triggered power…
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Editorial: Resolve the looming energy crisis
If there is one thing the good people of this country would want to be guaranteed of for the rest of their lives, it will, without any hesitation whatsoever, be the supply of uninterrupted power supply for all categories of consumers. Load-shedding (or its euphemism, power management) or, better still, ‘dumsor’, as it is popularly…
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Article: Bedrock Insurance– Changing the narrative of claims payment
The insurance industry in Ghana has faced many challenges even though its prospects for economy development is enormous. One major challenge in the industry is the low penetration in the financial sector. Insurance generally allows people and companies to transfer risks for a premium. Insurance is an important financial tool that can help channel funds…
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Article: Maintaining safe and reliable energy infrastructure– a national security concern
In March 2019, and at the height of one of the most recent power outages across the country, news broke that one of the transmission towers near the Head office of Ghana Grid Company (GRIDCo) at Tema has fallen over onto another tower, leading to the loss of 180 megawatts of power; creating power outages…
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Article: Qatar out of OPEC
For some it is such a big news, but for others it is no news at all ― the decision by Qatar to pull out of the Organization of Oil Exporting Countries (OPEC) effective January 2019, after nearly six decades. While many industry watchers links Qatar’s quitting decision to feud with the Saudi Arabia-led group,…
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Article: Facebook wants to know if you’d trust it with your money
By: Kurt Wangner When Facebook Inc. recently unveiled Libra, its long-awaited cryptocurrency, the company used the announcement as a chance to convey just how much care has gone into the digital asset. David Marcus, the former PayPal Holdings Inc. president who’s the social network’s blockchain boss, said at a June 11 preview held under the…
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Article: Boosting energy access, security in West Africa through regional cooperation
The developed part of the globe have found reliable and affordable energy as an enabler to goods and services that has enriched and extended lives. And for developing countries, the need for consistent supply of affordable energy is more vital to modernizing agriculture, increasing trade, empowering women, saving lives, improving transportation, expanding industries, and powering…
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Article: Ghana’s debt stock–Revenue to debt servicing weak
As at the end of March 2019, Ghana’s total national debt stock stood at GHS198 billion amidst the very weak domestic revenue mobilization and slow pace export growth. The high level and growing government borrowing is a great concern to both the private sector and the international stakeholders. The government in just two and half…
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Article: Why crude oil price forecasts proves to be inevitably wrong
Predicting Oil Prices For the oil price forecasting fraternity, the great oil bust of 2014 signal one more failure. That in a matter of six months, Brent oil price dropped over 40 percent from $115 per barrel to $70 per barrel; and tumbled to mid-$20s of a barrel in first month 2016. And after struggling…
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![[Article] At what cost must TOR be allowed to refine a portion of local crude?](https://citibusinessnews.com/wp-content/uploads/2019/06/ToR.jpg)
[Article] At what cost must TOR be allowed to refine a portion of local crude?
Among the Ghanaian news headlines that accompanied this year’s Offshore Technology Conference (OTC) in Houston Texas, is the call by the Managing Director of the Tema Oil Refinery (TOR) Mr. Isaac Osei for TOR to be allowed to refine portions of Ghana’s crude oil for the local market, instead of selling all on the international…