Ghana Opportunity Network

Local Participation in Oil & Gas industry

Posted on | September 29, 2010 | No Comments

The Private Enterprise Foundation (PEF) in a recent project embarked upon to identify viable opportunities available for local participation in Ghana’s emerging oil and gas industry has outlined a range of opportunities available for Ghanaian participation. Among the opportunities PEF assets are ideal for Ghanaians are;

Banking and Insurance Catering and hospitality services
Cleaning and Laundry services Clearing and Forwarding of petroleum equipment
Construction Design and Support services
Drilling and Engineering services Estate and Property management
Exploration and associated services Fabrication and Installation services
ICT Legal and Accounting services
Printing and Stationery Production operation and Maintenance services
Quality Health Safety and Environmental Services
Supply of crew men for domestic coastal services Surveying
Weather forecasting and security services Water supply and sewage disposal
Valuation

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About Ghana’s B credit rating

Posted on | September 29, 2010 | 7 Comments

Ghana’s ‘B’ rating, a downgrade from its previous ‘B+’ rating by Standards & Poor (S & P) has been received with much skepticism and surprise by stakeholders both within and outside the country. Razia Khan, Regional Head of Research, Africa Standard Chartered Bank, stated that “although Ghana’s challenges are well known, the ratings action just months before first oil is anticipated came as a surprise.” She added that while the fiscal challenges remained, none of the factors sited by S & P were new making it difficult to justify the ratings action.

Ms. Khan said the country’s current account deficit has narrowed, helped by more moderate oil prices and a reduction in domestic subsidies. The managers of the economy, she said, have put in place a number of reforms most recently raiding domestic utility prices substantially, in an effort to key state-owned enterprises closer to full recovery and lessen the influences that had contributed to Ghana’s fiscal deterioration. Standards and Poor cited reduced fiscal flexibility, a lack of clarity in the country’s oil sector and management of government’s oil revenues as contributing factors to this rating. Read more

The plight of the tenant in Ghana

Posted on | September 16, 2010 | No Comments

Will Government ever be able to enforce the Tenancy Act?

Somewhere in a suburb of Accra, one property-owner triples the size of his or her house in three years, with new construction work underway – all to the detriment of the tenant – and this isn’t an isolated case.

A practice that started among a small section of property-owners in Ghana almost fifteen years ago has escalated into a trend – especially in the big cities – where demands for accommodation continue to exceed supply.

To rent a house in Ghana today, a prospective tenant typically must be prepared to pay a two to three year rent advance. Landlords and landladies have made it the norm for tenants to pay these exorbitant amounts that not even those considered well-to-do always have in their coffers – blaming inflation – which have for the most part of the last four decades remained in double digits.

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Ashesi Alumni on the World Affairs Council

Posted on | September 15, 2010 | 1 Comment

The World Affairs Council presents leadership and alumni from Ashesi University in Ghana for a panel discussion on fostering innovation and ethical leadership in Africa with the goal of sustained development on the continent. Representing a diversity of expertise and backgrounds, panelists will provide an engaging discussion on their experiences in working for progress in Africa. The discussion will feature exclusive video remarks from Bill Gates, Co-Chair, Bill & Melinda Gates Foundation.

Panelists include Dr. Patrick Awuah (Founder and President of Ashesi University), Peter Woicke (Former MD of The World Bank & Executive Vice-Chairman of IFC, currently Board Chair for Ashesi Foundation),  Alumnus Aba Ackun (Regional Credit Risk Manager for Accion International, Ghana) and Alumnus Araba Amuasi (Operations Manager for the Village of Hope Orphanage and School, Ghana). Read more

Ghana hosts Getenergy for West Africa

Posted on | September 14, 2010 | No Comments

Oil and Gas exploration and production activity in Ghana and West Africa have been steadily increasing in the past few years. With that increase in production has come an increased focus on extracting national value from the resources, managing the aspirations of some of the most dynamic and enterprise people in the world and preventing international companies from contributing to environmental, social and political disruption in the course of their operations.
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Introducing GhanaLive.TV

Posted on | September 10, 2010 | No Comments

Finally after several months of testing, contract negotiations and a lot of dedicated team working around the clock, GhanaLive.Tv is now ready to deliver LIVE BROADCASTING FROM GHANA to the Diaspora around the world.

At the moment you will be able to watch TV3 LIVE from Ghana and 3 more channels will follow by the second week of this month. GhanLive TV promises to give you 3 months of free streaming and then roll out the SET-TOP BOX to enable you watch your favorite TV programmes in your own living room with your family. In addition, the company intends to also roll out a cellular phone service and provide you with a lot of exciting products for your entertainment pleasure. Go to the following link and click on LIVE TV and follow the instructions.

http://www.ghanalive.tv Read more

Merchant Bank to Collaborate with Wharton Business School, Pennsylvania

Posted on | September 9, 2010 | 3 Comments

Merchant Bank is positioning itself to become a key player in the financial service industry in Ghana. Alberta Quarcoopome, Manager, Learning and Development made this remark when the bank interacted with a team from Wharton University of Pennsylvania Business School in Accra.


She said the purpose of the novel engagement was to offer the staff of the bank opportunity to explore possibilities of building their professional capacities through a world renowned MBA programme at Wharton Business School. She added that Merchant Bank prides itself with a pool of young talented professional and as such developing individual and organizational capacities is one of the strategic directions of the bank.

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Gas at last

Posted on | September 3, 2010 | 1 Comment

The long-awaited plan of the West African Gas Pipeline Company (WAPCO) to supply gas to the Volta River Authority (VRA) through an alternative delivery point in Tema finally came on stream yesterday with the delivery of 60 million British thermal units (mmbtu) of free flow gas to the authority for power generation.

The VRA has concluded arrangement with the NGAS, marketers of WAPCO, to supply 35 million thermal units of gas out of the delivery to the Asogli Power Plant, which was completed a year ago but has remained idle because of lack of gas. With the gas now flowing, the Asogli Power Plant will be able to generate 180 megawatts of energy to complement that of the VRA.
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