New oil, Chinese investment, stable government, highest growth in the world: Ghana is a new success story. But be careful with the exact figures.

While all countries revise their GDP numbers and other accounts, Ghana’s revision of the data takes some beating. The Q2 GDP figure was reported in September as 33.5 per cent. The new figure? 16.4 per cent, less than half. Other numbers given for individual sectors are even further reduced.

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A financial analyst and CEO of SEM Capital, Dr. Sam Mensah, has said that Ghana needs to raise its credit ratings as an alternative to facilitate any form of borrowing especially on the capital market.

He made the assertion during a roundtable discussion organized by the Danquah Institute and partnered by the World Bank and Citi FM on the three billion Chinese loan facility, which has been contracted by the Ghana government for various development projects.

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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.

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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.

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Other Stories

Mobile phone portability: A freedom to choose, the Ghanaian mobile community must reject
July 1 2011 now has another reason to be celebrated as a day of final celebration from the serfdom of rulers, when as true REPUBLICANS, we affirm our belief in OBIARA YE OBIARA and we are all well and truly equal before MAN & GOD. For those still wondering what I am on about, July 1 2011 was the day when MOBILE PHONE PORTABILITY formally arrived in Ghana(unless that is, like its twin sibling, SIM REGISTRATION, its debut has also been put back by another 3 months).
Equity in financing and use of health care in Ghana, South Africa, and Tanzania: implications for paths to universal coverage
Universal coverage of health care is now receiving substantial worldwide and national attention, but debate continues on the best mix of financing mechanisms, especially to protect people outside the formal employment sector. Crucial issues are the equity implications of different financing mechanisms, and patterns of service use. We report a whole-system analysis—integrating both public and private sectors—of the equity of health-system financing and service use in Ghana, South Africa, and Tanzania. Click here for more
Ghana the ‘natural’ ally
This all points to the fact that the United States sees Ghana as having all the vital statistics and morphological features of a ‘natural’ ally. We have the oil reserves, we are in the stable centre of the ‘New Gulf’ and we have the military discipline and stable atmosphere to make us the perfect hosts for America’s first major military migration to our continent. America is strategically placed to maintain and deepen its stronger footing here, ensuring it rather than China becomes our dominant ally. As one analyst confirmed, Washington has no interest in seeing China’s presence in Africa extended to Ghana. The fact, however, is that China is already here and the recent dealings between the Mills administration and the ruling Chinese Communist Party means the U.S. needs to act sooner rather than later.
Nana Addo Dankwa Akufo-Addo and the New Patriotic Party have added their voices to the growing calls on Laurent Gbagboto quit and have criticised the unwillingness of the Mills-Mahama government to adopt a firm and decisive position against his illegal government. The NPP and Nana Addo are disappointed by the mixed signals from the Mills Administration and argue that once ECOWAS and the AU have spoken so unequivocally, Ghana which stands to lose more in the event of conflict should be more assertive in mounting pressure and isolating Gbagbo.
Ghana Looks to Retool Its Economy as it Reaches Middle-Income Status
The recent production of oil in Ghana has led analysts to revise upwards the countrys gross domestic product (GDP), spurring hopes for greater strides in the fight against poverty. On July 1, the country moved from low-income to lower middle-income status, according to World Bank country classifications. Projections from the Banks Global Economic Prospects position Ghana as the fastest growing economy in Sub-Saharan Africa for 2011, with a forecast GDP growth of 13.4 percent.
STATUS OF ELECTORAL REFORM IN GHANA A Report by the Danquah Institute
In recent months, political parties in Ghana including the New Patriotic Party (NPP), the Convention People’s Party (CPP), the Progressive People’s Party, religious groups, the media and civil society groups such as the Let My Vote Count Alliance have made the case for urgent and honest electoral reform in the lead up to the November 2016 elections.
CAO appraisal for audit of IFC on Jubilee Fields
In light of the April 2010 Macondo well blow out and oil spill events in the Gulf of Mexico, the CAO vice President initiated an investigation to assess IFC's procedures and standards when appraising investments in deepwater offshore oil and gas exploration projects. As of September 2010, IFC was involved in deepwater offshore oil and gas development of the development of the Jubilee Field in the waters offshore of Ghana. Click here for the full report
IBM to open Kenya research lab to tackle traffic jams
IBM and the Kenyan government are to open a tech research hub in Nairobi, in a joint attempt to help solve local issues such as traffic congestion.The US firm already has 11 research outposts around the world. It plans to have up to 50 researchers in the new centre within five years, attracting potential candidates from across the continent.
Mr President, Rule, Don't Preach
Prayer, thanksgiving and fasting are no substitutes for hard work, creative thinking and visionary leadership. to a GNA report on Ghanaweb.com posted on January 29, 2010, President John Atta Mills has declared Sunday, March 14, 2009 as a National Prayer and Thanksgiving Day and has therefore asked all Ghanaians to support and participate in it. In the news item in question, the president entrusted the nation into the hands of God and appealed to the Christian clergy to support government to put the nation on a sound spiritual foundation.
2010 Census results out April 30 - GSS
The final results of the 2010 Population and Housing Census are expected to be released on Monday, April 30, 2012, the Ghana Statistical Service (GSS) has indicated. Originally, the results were scheduled to be released on March 31, 2012 but some initial field challenges which impacted negatively on the data collection process have necessitated the rescheduling of the date for the release of the results.