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This short overview report presents the main findings and recommendations of a larger study, prepared in early 2013, that is to be released shortly. We believe that it will help bring about policies and decisions that will ensure that Ghana’s emergence as a middle-income economy is not held back by the energy sector, as at present. We recommend that Government make a concerted effort to ‘think big’ and provide more direct and proactive leadership to the energy sector, given its centrality to boosting economic growth. The report was prepared during a period of electricity shortages and rolling power blackouts. The current power shortfall is particularly serious for two reasons: the frequency of these episodes is increasing – the previous one was just 5 years ago – and the economic damage inflicted is greater, because Ghana’s economy has evolved to become ever more dependent on reliable electricity supply. This review identifies three themes that are common to Ghana’s power and petroleum sectors.
“Ghana obtained independence from British colonial rule in 1957, the first African country, south of the Sahara, to do so. The country was full of promise and expectations of Ghanaians were high. In the words of Dr. Kwame Nkrumah, the first President, Ghana wanted to show the world that the black man can handle his own affairs. Some 53 years later, the optimism has somewhat waned and harsh reality has set in with the wide chasm between what is Ghana today and what could have been.” The above serves as the curtain opener to ‘Monetary Policy and Financial Sector Reform in Africa: Ghana’s Experience,’ written by Dr Mahamudu Bawumia. The book is a comprehensive, objective, concise history of Ghana since 1957, written by an Economist, to be precise a liberal economist, cast in the developmentalist mould of a Ghanaian nationalist. But, the book is not only a historical work, stretching from 1957 to 2008. More importantly, it provides information and models that are both historical and contemporary. It is detailed, easy to read, objectively factual and accurate. It is an excellent read for both set of persons who are new to economics and the others – Economics students, researchers, economists, bankers, politicians, and historians.
GNPC Confuses Ghanaians About Abnormal Jubilee Costs
Rather uncharacteristic of the secretive organisation, the Ghana National Petroleum Corporation (GNPC) finally issued a press statement to respond to concerns raised by civil society about Ghana’s underperforming oil industry. While the GNPC is to be commended for its increasing responsiveness and transparency, its grudging tone detracted somewhat from its attempt at responding to its critics and stakeholders.
Transcript of President Mills' Radio Gold interview on Radio Gold, Friday, Dec 23:
Let me say that at the very beginning I wasn’t going to talk about this case because having referred to EOCO I would regard it to be sub-judice. But I want to say one or two things. When this case first broke, I was in the US and I ordered the two ministries involved, at the Attorney General’s Department and the Finance Ministry, to give me a report, a report which I wanted to be published so that the world would know what happened.
FACTBOX: Political risks to watch in Ghana
The start of commercial oil production in 2010 has helped promote Ghana into the ranks of the world's lower middle-income nations, fuelling hopes of ending a dependence on aid and forging a future as one of Africa's star economies. While President John Atta Mills's government is seen to have done well in knocking public finances into shape since 2008, elections are due in December and the country's deficit is being strained by a high wage and fuel subsidy bill. The Bank of Ghana is tightening monetary policy to fend off mounting inflation pressures and stabilise the sliding cedi currency.
The Wilson Center Honors Howard Wolpe: Life Celebrated for Work in Congress and as Special Envoy
WASHINGTON—Friends, former colleagues, and family members gathered on Thursday to remember Howard Wolpe, who as a diplomat, lawmaker, and director of The Wilson Center's Africa Program worked tirelessly for peace in Africa, from helping to bring democratic majority rule to South Africa to conflict-prone regions like the Great Lakes. “Howard was a champion of all the right causes,” said Susan Rice, U.S. Ambassador to the United Nations, in a ceremony that included addresses from the Hon. Donald Payne (D-NJ), as well as former Representatives the Hon. David Bonior (D-MI) and the Hon. William H. Gray III (D-PA). Also participating in the service at the Ronald Reagan Building was Ambassador Faida Mitifu, from the Democratic Republic of the Congo and the Dean of the African diplomatic corps, Jim Margolis and Steve Weissman, former staffers of Wolpe, and Jane Harman, President of the Wilson Center. Secretary of State Hillary Clinton and Senator Debbie Stabenow (D-MI) paid tribute via video, as did Rep. John Dingell (D-MI). Wolpe died in October 2011. Present at the celebration of Wolpe’s life were a large number of Senators and Representatives, active and former, and several other African ambassadors and embassy representatives.
NDP joins Let My Vote Count Alliance
The Nana Konadu Agyemang Rawlings’s led National Democratic Party (NDP) has joined pressure group the Let My Vote Count Alliance (LMVCA).The LMVCA, a pressure group is made up of members of some major opposition parties in Ghana who have embarked on a nationwide campaign to rally support for Nana Akuffo Addo and Co in court.
 
{enclose AfariGyanFinalPollsfax.mp3} {enclose AfariGyanFinalPollsfax.mp3} On Joy FM’s Newsfile last Saturday, August 10, 2013, I said that the Chairman of the Electoral Commission had himself told the whole nation, two days before the 2012 general elections, that polling agents of candidates must still sign the ‘Statement of Poll and Declaration of Results’ (commonly known as the pink sheet), even if they have concerns over how the election was conducted in their polling station.
DI DEMANDS AUDIT OF BIOMETRIC REGISTER
The Danquah Institute is calling for an open international tender for the biometric voter register used in the conduct of the December 2012 Presidential and Parliamentary elections to be cleansed of all double registrations.In an exclusive interview with the acting Executive Director of the Accra-based policy and governance think tank, Mustapha Abdul Hamid, he stated that a credible voter register is the gatekeeping process that seeks to ensure that only those eligible to vote are indeed allowed to vote when they arrive at the polls to cast their votes.
Kenya Election Results: Uneasy Calm After Court Ruling On Vote
Kenyan police deployed forces Sunday in the capital and the lakeside city of Kisumu to contain the continuing threat of violence after five people were killed in riots Saturday, officials said, but the country remained mostly peaceful after a court upheld Uhuru Kenyatta's election as president. Rowdy youths in Nairobi's slums were still trying to protest the Supreme Court's ruling against Prime Minister Raila Odinga's challenge to the validity of Kenyatta's win, Nairobi police officials said Sunday.