It has been revealed that Ghana has an unlimited access to the United States Exim Guarantee Bank and thus can access any amount of loans it requires for embarking on developmental projects of the country.

Mr Ryan Bowles, the Chief of the Economics Section at the US Embassy in Accra made this known in a discussion with the Executive Director of the Danquah Institute, Gabby Asare Otchere-Darko, at a roundtable discussion organised by DI to discuss the $3 billion Chinese loan facility.


I thank the organisers of this programme, executives of the Tertiary Education Students Confederacy (TESCON) of the NPP of both the Institute of Professional Studies (IPS) and the Accra College of Education, for the opportunity to speak to you this afternoon.

I congratulate the outgone executives of IPS TESCON for their service, and commend the new ones for their offer of service. I am happy that, today, we are inaugurating formally the TESCON branch of the Accra College of Education.

The Danquah Institute in collaboration with its media partners, Citi FM and Hot FM, is holding a forum on the $3 billion Chinese loan on Tuesday, 18th October 2011.

The forum is similar to the one organised by the institute which scrutinised the STX Housing project where serious objections were raised with regards to certain aspects of the loan. These objections resulted in major changes being made to the agreement, and has subsequently saved this country billions of dollars.


As a result of the discovery of commercial volumes of hydrocarbons in 2007, the Government of Ghana set an overall goal for the enery sector focussed on the "the development and sustenance of an efficient and viable energy sector that provides secure, safe and reliable supply of enery to meet Ghana's development needs in a competitive manner."

Click here for report

Other Stories

NPP to use oil revenue to fund Free SHS policy
Nana Addo Dankwa Akufo Addo, New Patriotic Party (NPP) presidential candidate, has said under an NPP administration, oil revenue would help fund the Free Senior High School policy that he has proposed. Speaking at the final presidential debate organised by the Institute of Economic Affairs, Akufo-Addo said that, “the most equitable manner in which Ghanaians would benefit from the oil revenue is to ensure that they are used on the two most critical aspects of our national life – education and health care.
Letter from NPP Chairman to EC Boss
We refer you to our previous correspondence on the need to get IPAC convened and deliberating on matters regarding the forthcoming Biometric Voter Registration (BVR) exercise and other issues pertaining to the 2012 general elections. Our call for specific information and material to enable us convince ourselves that the “tender process” leading to the procurement of equipment and materials is credible has fallen on, sadly, deaf ears. Click here for full details of letter
This is a due diligence report from Dun and Bradstreet on a husband and wife company, Opus SRO, a company that parliament has approved loans of 442 million Euros for the financing of the construction of 12 district hospitals, 200 new ambulances, 50 medical mobile clinics, 2 air ambulances and 10 educative mobile vans. Cabinet in its nineteenth meeting held on the 14, 19, 20 October, 2010, granted approval and parliament subsequently passed it on the 16th of November, 2010
Voter Registration in Africa
Voter registration is highly complex and is the single most expensive activity within the framework of elections. Voter registration is not just the technical implementation of an activity; it is a holistic political, administrative and practical process. The role of voter registration is especially important when it comes to emerging democracies: it can make or break an election. The quality of the process and the product – that is, the voters’ roll – can determine the outcome of an election and consequently the stability of the democratic institutions in acountry. Click here for full article
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.
Kenya election: Tense wait for Kenyatta and Odinga
Uhuru Kenyatta retains a significant lead in Kenya's closely fought presidential election but it is not clear whether he will pass the 50% threshold to win outright. With 80% of constituencies declared, Mr Kenyatta has 49.9% of the vote, against 43.7% for Prime Minister Raila Odinga. After four days of anxious waiting, election chief James Oswago said the results would be finalised on Friday.
Mike Ocquaye calls for bi-partisan inquiry into Vikileaks
Former Member of Parliament for Dome Kwabenya constituency, Prof Mike Ocquaye, has called for a Parliamentary nquiry into comments made by sacked Deputy Communication Minister, Victoria Hammah, on a leaked tape. Prof Ocquaye who is also a former Second Deputy Speaker of Parliament said Parliament is mandated to enquire into allegations of corruption such as those made by Victoria Hammah. Miss Hammah said on the leaked tape that has gone viral since last week that the Minister of Gender, Women and Social Protection played a key role in the August 25 ruling of the Supreme Court Judges on the 2012 Election Petition.
Prez Mahama, please tell your surrogates to leave me alone for I’m but a simple pastor – Mensa Otabil
The General Overseer of the International Central Gospel Church, Pastor Mensa Otabil has responded in clearest terms yet to what he calls evil attempts to expose him to public ridicule “and the running harassment against my integrity.”He said the doctoring and manipulation of his sermons over the years to give them political twists was defamatory, unethical, criminal, malicious and evil.
Defending a negative highlights a negative, but character is key
In the 2008 general elections Nana Akufo-Addo had to do four things, two positive and the other two negative. On the positive side, he had to campaign on President Kufuor’s record to justify why the NPP had to be allowed to continue ‘moving Ghana forward.’ Also, he had to tell Ghanaians what his message for the future was -- what he intended to do if given power. Here he had to be careful and avoid charges like why the NPP did not do what he is promising to do in the nearly eight years that it had been in power.
The Partnership of Free Speech & Good Governance in Africa
Freedom of speech is not just valuable as a democratic end in itself. It is strongly linked to popular perceptions of both media effectiveness and good governance, according to new data from Afrobarometer, collected during face-to-face interviews with 51,605 people in 34 countries during 2011-13. People who indicate they are free to say what they think also report higher levels of trust in their leaders, lower levels of corruption, and better government performance – especially greater success in fighting corruption. Greater freedom of expression is also linked to mass media that are more effective in keeping a watchful eye on government. These findings can be interpreted in several ways. It is possible that capable, effective and trustworthy governments also grant greater freedoms to their people and their media.