Category: FEATURES
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500 small-scale miners engage in alternative livelihoods
The Government has introduced an alternative livelihood programme for 18 districts severely affected by illegal mining ‘galamsey’ as part of plans to discourage the practice in the country. The programme, currently underway in five regions of the country and involves 500 small-scale miners (galamsey operators), was being championed by the Inter-Ministerial Committee on Illegal Mining…
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Article: Why most refineries in sub-Saharan Africa fail to report profits
On annual basis, millions of dollars of tax-payers money are spent on oil refineries within sub-Saharan Africa (SSA), in the name of repairs and turn-around maintenance. Yet these refineries are unable to work close to installed capacities, forcing the region to continue importing almost all the refined oil products it consumes. These refineries have failed…
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![[Article] Banking Crises Part 1: The role of Bank of Ghana, Alex Mould writes](https://citibusinessnews.com/wp-content/uploads/2019/05/alex-mould-1.jpg)
[Article] Banking Crises Part 1: The role of Bank of Ghana, Alex Mould writes
The current crisis within Ghana’s banking sector has left us all perplexed; with many unanswered questions. On one hand, we are being asked not to blame the current Governor of BoG since he is only implementing recommendations that he received when he took over from the previous Governor. So, that means the previous administration’s Governor…
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Editorial: Transparency, accountability in extractives non-negotiable
Despite having numerous legal provisions and industry reports all aimed at deepening transparency in the oil and gas sector, these are yet to lead to any meaningful accountability. It does appear that not much has been done to demand accountability in the oil and gas sector. Ghana, since the discovery and commercial production of oil,…
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WAGP-Ghana Gas pipeline ‘Tie-In’ for ENI’s OCTP Gas: A stitch in time
Until recently, gas from offshore oilfields in the western coast of the country only terminated at the Aboadze thermal power enclave in the Western Region. Aside Ghana Gas having the capacity to deliver 150 million standard cubic feet per day (mmscf/d) for power generation, additional gas from Eni’s Offshore Cape Three Point (OCTP) Integrated Project…
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Editorial: Terminal 3 flood disgraceful
The annual ritual of floods in Accra has really become overwhelming. The horrendous havoc of the rains continues to show how punctured our garments of leadership have become. Nature blesses us with rains, but it becomes a disaster because we are a people notoriously irresponsible. Fact is that in any society where laws and systems…
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Article: Human Capital and Economic Growth in Ghana
A vibrant economy thrives on high quality human capital available within a country over a period of time. The global economy is currently witnessing a trade war between two of the biggest economies in the world; China and United States of America. The latter has been ranked as the biggest economy since 1871 but in…
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Survival story: Scammed by a trusted client, production swept away by floods…
Somewhere in 2014, I got scammed by a client I trusted. A total of about Ghc 1,500 worth of bags and accessories, shipped to this trusted individual who I never heard from again till date. The circumstances leading to that mistake is a story for another day but back in 2014 that amount was big…
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Article: The creation of a petroleum hub– Key success factors
The Petroleum Hub It has long been the dream of many West African countries including Nigeria, Ivory Coast, Togo, Ghana and Burkina Faso to create a physical downstream petroleum hub; a geographical (centrally located and sufficiently inter-connected) point in the network where a price is set for petroleum products delivered at the specific location. This…
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Raising money for your startup (In the African context)
Quite often founders ask me, “I need to raise money for my startup. Can you connect me to any of the investors in your network”? I always ask one question: “are you investment ready?” Quite often that question catches them off-guard or back-pedaling. “Yeah, I have a product/software I think will be great if I…