The transition from energy “nobody” to an important regional player is reaching a crucial phase in Ghana. Since the discovery of offshore oil in June 2007, the government has made a number of decisions to reach oil production in just 42 months, the quickest turnaround in the history of the modern energy sector. However, the decision-making process...
When food prices soared in 2008 and late 2010 as a result of poor harvests, growing energy costs, low stocks and climate-related problems, it sparked popular unrest across the Middle East and North Africa (MENA) and prompted governments to look for long-term solutions to food security. The resulting policies ranged from raising subsidies to...
With revenues and production of a number of minerals on the rise, Ghana’s mining industry continues to be a prime contributor to export earnings and to state coffers. As the government completes the mapping and geological survey of the remaining unchartered seams, the prospects for continued growth and earnings from the sector look positive. However...
While hydrocarbons have come to dominate the energy headlines in Ghana, the government is also looking at other means of generating power. Like most economies, the country wants to diversify its generation mix and investigate the potential for sustainable and renewable energy technologies.
The implementation of a national pension scheme is expected to have a profound impact on several sectors of the Ghanaian economy. The new pensions law, the National Pensions Act, 2008 (Act 766) was enacted in December, 2008. It aims to make the system accessible to more people and encourage contributions.
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