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Tuesday, 31 August 2010 09:06 |
On Wednesday August 18, 2010 Kosmos Energy announced that its sale and Purchase Agreement (SPA) with ExxonMobil has been terminated. No reasons were given although Kosmos has since reaffirmed its intention to stay in Ghana for the foreseeable future and participate in the development and production of the commercial quantity oil that it discovered in 2007. Ghanaians greeted this announcement with mixed reaction. While those still feeling the effects of nationalist sentiments, whipped up by some leading to the termination of the SPA, were elated that Ghana had stood up to “imperialist bullies,” many in the industry knew that Ghana missed an incredible opportunity. Given how potentially destructive this aborted SPA can become to Ghana’s investment outlook in the international community, it is imperative that Ghanaians know precisely what let to the aborted SPA. Sources close to the inner workings of the team assigned by ExxonMobil to the Ghana project intimate that of the litany of factors that frustrated the global oil and gas giant, three things stand out.
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Last Updated on Tuesday, 31 August 2010 14:06 |
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Monday, 30 August 2010 12:55 |
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Ghanaians spend too much money on funerals, Insurance experts have observed. They argued that despite Ghanaians preference to give their loved ones befitting burials, families should not spend monies earmarked for education, building projects and health for extravagant funerals. |
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Monday, 30 August 2010 12:05 |
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Two senior pastors of the Church of Pentecost drowned in the Kparekpare stream in the Krachi East District of the Volta Region on Saturday afternoon when they put their faith to test.
The incident occurred when the two - Apostle K.K.C. Gadzekpo, the Hohoe Area Head of the Church of Pentecost, and Pastor Kamara Wilheminga, in charge of the Tokorano Pentecost Assembly - as well as two others, were travelling to Dambai to attend the induction ceremony of their colleague pastor whose name was not immediately known.
The two others, identified as Mrs Gadzekpo, wife of Apostle Gadzekpo, and Elder Freeman, miraculously escaped death by a whisker.
On reaching Kparekpare in the afternoon, a heavy downpour in the morning had caused the stream and other streams in the area to overflow their banks, a situation which rendered the road impassable and cut the Krachi East and West districts from the southern part of the country.
The driver of the vehicle, Elder Freeman, as well as the village folk, advised that the delegation should wait for the floods to subside before continuing the journey but Apostle Gadzekpo, who was expected to chair the induction ceremony, refused to take the advice.
Accusing the driver of having little faith, Apostle Gadzekpo rather took the keys to the vehicle from the driver, sat behind the wheels and drove the vehicle through the floods while the crowd screamed in the background. |
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Monday, 30 August 2010 12:32 |
President John Evans Atta Mills has issued a stern warning to Ghanaians and non-Ghanaians with parochial interest in country’s emerging oil industry to stay off or face the consequences. The President said many vampires have evaded the country with a view to reap where they have not sown. Addressing a cross-section of Ghanaians in Bern in Switzerland on a 3-day official visit at the invitation of the Swiss President, President Mills said government will sincerely protect the country’s oil resources from those he described as “vampires" who want to benefit at the expense of the many Ghanaians whose lives need to be improved.
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Friday, 27 August 2010 23:36 |
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 Dr. Tony Aidoo a Director Presidency in charge of Policy believes God is a God of Order and will not 'bless' his people with any gibberish language hardly understood by listeners. It is only mad people who engage in such acts and disturb their neighbours in the name of speaking tongues. He was speaking on Radio Gold's Alhaji and Alhaji. Open the audio via : http://news.myjoyonline.com/naudio/201008/29.asp |
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