Discoveries of new elephantine deposits of hydrocarbons in South America and East Africa in recent years have tended to overshadow developments along Africa’s oil-producing Western coast, but new discoveries in deep offshore areas along the coast of countries like Ghana, Nigeria, Gabon and Equatorial Guinea offer significant promise. While OPEC’s two sub-Saharan members,...
Infrastructure development is of the utmost importance to fuel sub-Saharan Africa’s economic growth. Nowhere is the need for expanded infrastructural capacity more important or more visible than in the area of power production, particularly in generation and distribution. The hum of diesel generators from Lagos to Nairobi is a constant reminder of the poor state of the...
The governing legislation for Ghana’s hydrocarbons sector was first passed in 1984, at a time when production was minimal. As a result, the discovery of far larger reserves and production potential in 2007 necessitated an overhaul of the country’s regulatory framework to accommodate everything from new revenues to environmental oversight. “Collectively, the legislation...
Vast mineral resources have served as a primary driver of Ghanaian economic growth in recent decades, and 2012 was another banner year for the mining industry. Known in colonial times as “the Gold Coast”, Ghana was the world’s eighth-largest producer of gold in 2012. At the same time, production of bauxite, a key aluminium property, increased, while...
Of all the trends mining analysts track, the two biggest factors affecting Ghana’s gold industry in 2013-14 will be enhanced regulation by the government on illegal mining and the shifting price of gold. The country recently made international headlines for arresting 166 Chinese citizens using heavy equipment to illegally mine for gold. After...
Over the past few years, with commodity prices spiralling ever higher and minerals like gold reaching record levels, many host governments have felt that they were missing out on potential windfalls from their extractive industries – much needed in an era of global belt-tightening. Amongst conditions of economic uncertainty, the mining sector – on...
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