New Cedi in circulation on July 3

The Bank of Ghana announces for the information of the general public that the Ghana cedis and Ghana pesewas will be put into circulation on Tuesday, 3rd July 2007, the first banking day of the month.

Ghana Police declines permits for demonstrators at AU Summit

The police have banned all demonstrations during the African Union summit in Accra which starts Sunday.Several groups from across Africa had planned protests during the summit, which runs until July 3.More than 2,000 police and an unspecified number of soldiers have been drafted in to provide security for the summit in the Ghanaian capital.Accra Region Police Commander, Douglas Akrofi Asiedu told would-be protestors to postpone their demonstrations until after July 3.

"We said they should postpone it because the date selected for the demonstration is not ideal for security," he told a local radio station. "We are overstretched and it would be very difficult for us to get police to protect them."Amongst the wouldbe protesters were Zimbabwean activists led by the main opposition Movement for Democratic Change.Another group had intended to stage a protest against Gambian President, Yahya Jammeh, for failing to investigate the deaths of 44 Ghanaian migrants in Banjul in 2005.Another organization had intended to highlight the Darfur conflict in Sudan.

Demonstrations do not necessarily need police permits in Ghana. But it is mandatory for organisers to inform the police and make security arrangements.
Source:GHP

UN Deputy Secretary General arrives for AU Summit

Ms Asha-Rose Migiro, United Nations (UN) Deputy Secretary General, arrived in Accra on Thursday evening for the annual Summit of the African Union (AU) during which, she will call for stronger partnership between the UN and the AU on African issues. While in Ghana, Ms Migiro will speak on pertinent issues including the need to speed up efforts for the achievement of the Millennium Development Goals, the war against the spread of HIV/AIDS and the empowering of women and girls.

She will also touch on issues of peace and security on the continent and the latest joint efforts by the UN and the AU to resolve the crises in the Darfur region of Sudan. The Deputy Secretary General is also expected to hold bilateral meetings with some African leaders.GNA

State of the World Population Report launched

Mr Kwadwo Baah Wiredu, Minister of Finance and Economic Planning on Wednesday launched this year's World Population Report and said the increase in urbanisation was inevitable but had positive sides that should be recognised.Launching the report jointly with Ms Hane Fama Ba, Director of the Africa Division of the UNFPA, headquarters in New York, Mr Baah Wiredu said "no country in the industrial age has ever achieved significant economic growth without urbanisation". The report under the theme: "Unleashing the Potential of Urban Growth", looked at the problems faced by cities and the struggle to meet the current needs to prepare for future urban growth. The Minister outlined problems associated with urbanisation such as housing, poverty, and slums and admitted that the implementation of the country's on going Growth and Poverty Reduction Strategy (GPRS II) had an implication on the spatial mobility of economically active individuals and the growth of urban areas."The influx of rural poor to the urban centres therefore is an indication to the poor to take advantage of the opportunities in the urban areas. In 2001 for instance, the number of people living in slums in Ghanaian cities was estimated at 4.9 million and was said to grow at the rate of 1.8 per cent per annum".The Minister noted that to address problems associated with urbanisation, government had set priority strategies to upgrade slums areas through the strengthening of physical planning of urban settlements and enforcement of planning regulations.He mentioned other strategies as promoting adequate supply of safe and affordable shelter, developing and promoting local building materials, facilitating adequate finance for all income groups and upgrading basic services in the urban areas.Mr Baah Wiredu explained that there were advantages in urban areas over and above those in the rural areas in Ghana in terms of economic opportunities though urban poverty was real.He said the latest Living Standards Survey for 2007 had shown that whereas poverty levels had generally increased, it had worsened in the Greater Accra Region.He mentioned HIV/AIDS, housing and shelter, drainage, water and sanitation, as well as transport as some of the areas posing challenges not only to Ghana but the continent as a whole. He commended UNFPA for the leading role it had played in the dynamics of population and pledged to tackle the obstacles of urbanisation and share the benefits through prudent policies, good governance and strategic investments.Ms Fama Ba noted that poor people would make up a large part of the future urban growth and called for realistic planning for explicit consideration of the needs, rights and participation of slum dwellers and the urban poor.She said African governments that are responsive to their citizens and eager to achieve a sustainable growth path were increasingly looking to their cities and local authorities to play a greater role in the national development agenda".Dr Makane Kane, Country Director of UNFPA, Ghana, said the report was timely to address the global, regional and national dimensions of urban growth and proposals for the way forward at each level. He expressed the hope the report would lead to policy development and policy change where needed.Dr George Owusu, a Research Fellow of the Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana who commented on the report called for urban Development Strategy or Urban development Policy to address problems associated with urbanisation. Ms Grace Gyimah Boateng, President of Curious Minds, a non-governmental organisation, who spoke on the Youth Perspective called for partnership, dialogue and investment in the youth to address the enormous problems facing the youth affected by urbanisation. The report said half of the world's population comprising 3.3 million, will in 2008 be living in urban areas. It said the number is expected to swell to almost five billion by 2030. The urban population will double between 2000 and 2030 with many of the dwellers becoming poor, it added.
Source:GNA

They're Fighting Over The Oil Already?

By Cameron Duodu

It would be funny if it were not so serious. A company drilling for oil in Ghanaian waters has announced that its made a find.The highest figure put on the reserves it has discovered is 600 million barrels. Nigeria can produce that much oil in a single year. Currently, its producing about 2 millions barrels a day; if you multiply that by 365 days, you get 730 million barrels.Even the tiny bit of oil we've discovered is deep down in the sea and is yet to reach the surface and into a tanker. And yet, already, our politicians are at each other's throats, arguing bitterly about all sorts of irrelevant things.

DISCOVERY Was the discovery made earlier in the previous regime? Or was it only salt that was discovered under that regime?Are these the sort of questions that should preoccupy fully grown adults?One chap has even gone to the extent of saying that just because the $20 million given to the Ghana@50 committee for the celebrations has not been fully accounted for, Ghanaians should not, in his words, over-jubilate over the oil find.Let us grow up in our attitude to matters or we shall frighten away those who want to work with us to develop our country. Of course, everyone knows that oil and politics go together. There have been political squabbles all over the world, wherever oil has been discovered. From Texas to Iran, from Libya to Saudi Arabia, from Kuwait to Nigeria, the way the money from the oil should be shared, always causes trouble.But in all these countries, arrangements have been arrived at, some satisfactory, others less so, for governing the income from the oil. So let it be with us.Since we won't be getting anything from oil for at least a couple of years, we should use the time between now and the first sales, to work out our arrangements, so that we are not caught with our pants down.As far as I am concerned, we should be grateful even if all we get is enough oil to stop us from having to use our puny foreign exchange earnings to import the stuff. Right now, oil has passed the $70 per barrel mark and if we continue to import the stuff, our annual expenditure on it will pass the $200 million per annum figure given by Mr Kwamena Bartels. So that is where our concerns should be at the moment.I remember in 1979, when we ran out of oil and were queueing for days to obtain a few gallons of rationed petrol,I asked about a company that was supposed to be producing oil in our waters, Agri-Petco. It wasn't getting much; I think it was only about 15,000 barrels a day. But it would have been a grand gesture on the company's part if it had announced that, it was going to offer its production to Ghana, pending our ability to import oil from abroad again. That gesture never came.We should ensure that, such situations do not arise again in future to tease us. Can you imagine having petroleum shipped from your country, when its economy is grinding to a halt because there isn't a drop of petrol to be had anywhere? I am sure Agri-Petco could have argued and probably did that because it had a contract to ship its crude oil abroad, until such time as it had recouped its exploration exopenses, or something like that. But there had been what in international law could be considered an insurrection in Ghana, and it could have used that clause to help us out, if it had wanted to.
FUTURE Escaping from situations like that in future, will mean, using our experience to good account. We can't do that unless we view the oil industry from a national, as against party political, standpoint.That's why the bickering about the oil find should stop in its tracks right now, so that the Government can feel free to ask advice from opposition parties, if necessary; and to include the opposition when it is dishing out any appointments that come about as a result of establishing arrangements to govern the oil industry in its new guise.When we didn't have prospects for producing oil in respectable quantities, most of such considerations were of academic interest only. That is no longer the case, and to pretend that we can go on as usual with the instituinal framework we've already got, would not be realistic.It would be a good idea if Parliament were to send an all-party delegation to Nigeria and some of the Middle Eastern oil-producing countries to study their oil industries.Talking to government and opposition elements in such countries, if possible (not all of them are democracies!) would open our Parliamentarians eyes to the knotty problems that can arise in relationships between oil-producing countries and the foreign companies they work with, as well as the minefield through which these Governments have to wade, as they attempt to steer their way through the dual carriageway of satisfying local interests while, at the same time, not neglecting the huge demands that are made on central government finances, once it is known to reap revenues from oil.So God bless Ghana's nascent oil industry. Let us all rejoice that we have made a find, however small. If we don't show gratitude for the little we've got, we won't be given a large chunk, for nature abhors ingratitude.Of course, we are aware that production of oil in any country can lead to corruption; the destruction if traditional patterns of economic production, and social dismemberment, including civil war (Biafran civil war, Nigeria, 1967-70; the just-ending Sudanese civil war).But at least we are going into it with our eyes wide open. There is no reason why we should repeat other peoples silly mistakes, is there?
Source:Ghanaian Times

War on Ghana's Oil Find

The Minority in Parliament on Thursday debunked government claims that under the current regime, the Ghana National Petroleum Corporation (GNPC) was producing oil while it produced salt under the previous National Democratic Congress (NDC) regime.

They said the GNPC under the NDC produced some 62,000 barrels of oil during the testing of a horizontal well drilled in the South Tano field in 1992.
Briefing the parliamentary press corps in response to statements made by the President and his key Ministers on the oil find and energy situation in the country, Mr Moses Asaga, Ranking Member on Energy said under the PNDC and the NDC governments oil was refined at the Tema Oil Refinery, while the GNPC restarted production in the Saltpond in November 2000.

"Besides, in petroleum industry, sodium bicarbonate (salt) is a very important resource which the industry would have required, therefore it was not wrong for the GNPC to have invested in that area." The Energy Minister on Tuesday addressed Parliament wielding a bag of salt and bottle of oil to tell the story of the oil find. Mr Asaga noted that as a major entity in the country, it only made sense that GNPC invested in certain strategic national assets, notably in Cocoa, telecommunication, gold production, banking as well as the Osagyefo Barge and the West African Gas Pipeline Project.

He described the government's decision to go public on the oil find at this time as "premature", saying that it was a complete show of desperation over the continued exposure of its incompetent handling of the energy sector.
"In the process of this PR ploy, the President made A statement, re-echoed by his Minister of Energy, ... which are simply false ...", he added.

Mr. Asaga described the claim by the President that the GNPC was a general purpose company and that it was not focused on its core business of oil exploration as false, indicating that given the limited resources of the corporation there was a tremendous effort to attract foreign investment in undertaking exploration.

He argued that the GNPC enabled companies to have ready access to all data in respect of Ghana's sedimentary basins and made available its interpretations, including maps of prospects in the various areas. Mr. Asaga, a former Director at GNPC's Corporate Department, said GNPC undertook a number of promotional activities, including the annual Oil and Gas Africa International which not only became popular on the oil and gas calendar across Africa, but a strategic source of industry data and expertise.

The GNPC, he noted, successfully attracted companies into Ghana in the 1990's, the most intensive exploration period with investments worth about 200 million dollars.
"The deepwater areas were of particular interest to GNPC and 65 per cent of the area over which petroleum agreements had been signed were in deepwater by the end of the 1990's," Mr Asaga said, noting that Hunt Oil discovered a column of oil in one of the wells but considered that it was not commercial and it was after this that Kosmos Energy came to partner GNPC to yield this discovery.
He said it was wrong for the government to take whole credit for the discovery since these works by earlier companies and data they left behind resulted in this find.
"Indeed, it was the valuable data that GNPC made available to Kosmos Energy as well as GNPC's own assessment of the prospect that enabled Kosmos to succeed."

Mr Asaga said the GNPC personnel in the exploration and production division are the same people that have been in place before 2001. "At no point prior to 2001 did the exploration staff of GNPC get distracted from their main responsibilities," adding that, it was important to understand the rationale of GNPC investments." He said in the international oil industry, it was normal to have oil companies investing in fields ranging from telecommunications, mineral resource development through farming and ranching, citing the case of Shell.

Mr. Asaga said it was important for government to rally the nation together in the light of the worsening energy crisis, instead of polarising the nation as they seek to escape responsibility for their actions and inactions.
He said the NDC was ready to share ideas with the government in good faith in pursuit of the common national goal of solving the energy crisis, which is threatening the entire nation. 21 June 07
Source:GNA

Mass mosquito spraying exercise for Accra

The Libyan government is to embark on a mass spraying in the Greater Accra Region to help in the malaria control programme.Libya would also offer free vaccination covering about two million animals in the region to help prevent the out-break of animal diseases. This was disclosed when two representatives from the Libyan Embassy, Dr Abdulai Abubakar and Dr Bashir Gshera paid a courtesy call on the Greater Accra Regional Minister, Sheikh I.C.Quaye, on Thursday. Dr. Bashir Gshera, General Director of Agricultural Pest Control Centre, said the exercise was part of the Libyan government's efforts to assist some African countries prevent malaria.He said similar programmes had been carried out in four African countries- Burkina Faso, Mali, Chad, Senegal.

The two exercises were estimated to cost about two million dollars and Ghana had the opportunity to decide which type of vaccine to be use in the programme.He said the vaccine and pesticides to be used would be bought in the country at the expense of the Libyan government in addition to the payment of personnel working under the exercise which is expected to target the most mosquito breeding areas in Accra.

Dr Abdulai Abubakar, General Director of Animal Breeding and Veterinary Centre in Libya said it was a mere coincidence that the programme had to meet with the upcoming African Union Summit to be held in Ghana.Mr. Sheikh I. C. Quaye said the Libyan gesture was most welcomed and called on Ghanaians to join in the campaign against filth in the city.The Minister expressed gratitude saying, "this will go a long way to strengthen the ties between Ghana and Libya".
Source:GNA