Expert calls for openness in oil contracts process

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The mask 9 years ago

The economy is hitting many families hard and many have run out of ideas.

Boachsoft Finance 2012 software, developed in East Akim Municipality (Akyem-Maase and Bunso) in the Eastern Region of Ghana and in Accra/Sakumono, i ...
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The economy is hitting many families hard and many have run out of ideas.

Boachsoft Finance 2012 software, developed in East Akim Municipality (Akyem-Maase and Bunso) in the Eastern Region of Ghana and in Accra/Sakumono, is helping many families across the globe to balance the family budget, amortize loans and save for the future.

The next version is set to be released in December 2016. Use only the 2012 version.

For more information on managing family finances read the following articles:

blog.boachsoft. com
Otsibu Darko 9 years ago

In this case the govt. either K4 or Mahama should tell/explain to Ghanaians what kind of contract it signed with the oil firm operating the Jubilee fields to haul away $250 billion in oil in less than 4 years and an insulting ...
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In this case the govt. either K4 or Mahama should tell/explain to Ghanaians what kind of contract it signed with the oil firm operating the Jubilee fields to haul away $250 billion in oil in less than 4 years and an insulting $1 billion given to Ghanaians. How much was the total investment by the company and for how long will this go on- 'Saltpond oil fields' has been in operation for decades and nobody seems to know what benefit Ghanaians have gained from it-yet our ministers and powers that be are globe trotting and buying houses here and there and sending their children to the best 'schools' overseas- it's about time Ghanaians also enjoyed a little bit of the oil money; during the Nigeria's oil boom the signs were there for all to see - what's in Ghana's case, our leaders have sold oil and we are still slaves in our own motherland-SHAME ON US ALL!
Joe 9 years ago

@ Otsibu Darko, get your facts before you open your stinking mouth.$250billion???!!!! Where did you get that figure from?

@ Otsibu Darko, get your facts before you open your stinking mouth.$250billion???!!!! Where did you get that figure from?
Abena 9 years ago

Amin, You are corrupt and I am surprised you are saying that now. You and Kuffour sold Ghana's oil to yourselves. Kuffuor is swimming in Oil money and you (Amin) are one of the most corrupt district chief executives of all ti ...
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Amin, You are corrupt and I am surprised you are saying that now. You and Kuffour sold Ghana's oil to yourselves. Kuffuor is swimming in Oil money and you (Amin) are one of the most corrupt district chief executives of all time. playing popularity contest is all you know.
Otsibu Darko 9 years ago

@JOE, please refer to Feb 1st. of this same website under business news, Ghana earns $1 billion dollars, it's all there for you to read and see, since then my little comments and questions have not yielded any responses/comme ...
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@JOE, please refer to Feb 1st. of this same website under business news, Ghana earns $1 billion dollars, it's all there for you to read and see, since then my little comments and questions have not yielded any responses/comments or answers from anyone; strangely neither the minister(govt) or the Jubilee partners have come out in the open to say the informatiom is wrong = and being silence means it's true; seems to me you're the only one not in the known of this. NO leaders in Ghana's political/military administration have ever spoken the truth and they will never do!
Otsibu Darko 9 years ago

@JOE, are you missing in action, now who has got the stinking mouth, you ass hole! There are more info on the internet and if you cared to go thru them you would have come across it and if you had asked in 'refined' manner a ...
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@JOE, are you missing in action, now who has got the stinking mouth, you ass hole! There are more info on the internet and if you cared to go thru them you would have come across it and if you had asked in 'refined' manner a polite answer you would have received instead of starting with insult!
Agyeman Badu 9 years ago

Do you think that's how the Western World operates and get the successful. You guys are too aggressive and pompous. You are just lucky that, there is JSS at your time with all these cheape so called Degrees. Do you own the in ...
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Do you think that's how the Western World operates and get the successful. You guys are too aggressive and pompous. You are just lucky that, there is JSS at your time with all these cheape so called Degrees. Do you own the individual Companies. You are rather sending the Expat away withyour too known.Shut up and look for some teaching job,we need Teachers in the Classrooms.
Abdul 9 years ago

If this guy is classified as an expect in oil, then we're finish,he's always blending politics with oil and gas, he has never managed any oil resource anywhere such why is he classified as an oil expect?he has corruptions wri ...
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If this guy is classified as an expect in oil, then we're finish,he's always blending politics with oil and gas, he has never managed any oil resource anywhere such why is he classified as an oil expect?he has corruptions written allover him from district chief executive to party deligate.
Kofi Baabone 9 years ago

The lazy media in this country is so annoying.when did Amin become an oil expert? In which oil industry has he worked to such a level that we wake up one morning and suddenly he has metamorphosised into a know all expert.This ...
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The lazy media in this country is so annoying.when did Amin become an oil expert? In which oil industry has he worked to such a level that we wake up one morning and suddenly he has metamorphosised into a know all expert.This corrupt former d.c.e. cannot deceive us just by forming an n.g.o. to cover their misdeeds under Kuffour's government. I advice the media to call such people ANALYSTS.That one,we can tolerate.
Boakye Tenten 9 years ago

The best practice is immediate implementation of licensing round method (petroleum sharing agreement) that espouses greater transparency for the highest bidder. Angola and other notable places seasoned in the industry are all ...
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The best practice is immediate implementation of licensing round method (petroleum sharing agreement) that espouses greater transparency for the highest bidder. Angola and other notable places seasoned in the industry are all doing that. The beauty of this practice is that managers GNPC can shop around with the prospective blocks all over the world for the best bidders.
C.Y. ANDY-K 9 years ago

ACEP often appears to be making serious statements on the Petroleum sector but some of us exposed to wider information know that they are not seriously indepth and significant. In fact, they are playing the role of a confiden ...
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ACEP often appears to be making serious statements on the Petroleum sector but some of us exposed to wider information know that they are not seriously indepth and significant. In fact, they are playing the role of a confidence mechanism system that lure the populace to think everything is well. Fact is, the oil sector in Ghana is already seriously sick; in fact, comatose! Ghana shall not derive the maximum benefits from its oil resources under the prevailing system which the Bill before Parliament wants to turn into a law. Efo Solo and GIGS have proven that fact many times over and even challenged ACEP and others in charge of the oil sector to prove them wrong. Total silence greeted that challenge.

Now, what Dr Adam is saying already happening in the oil sector. It was the general case in Nigeria which made many people multi-millionaires and billionaires over night. The case of the now reported richest woman in the world, Mrs Alakija is exemplary. She didn't sell her block but went into partnership with an oil producing company, on better terms than Ghana did with Kosmos and Tullow btw, and is now reaping the rewards. Read about her below and on the Internet.

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Move over Oprah: Nigerian oil tycoon Folorunsho Alakija, pictured in September, is now the richest black woman in the world with an estimated fortune of $7.3 billion
Move over Oprah, Nigerian oil tycoon Folorunsho Alakija is now the richest black woman in the world with an estimated fortune of $7.3 billion.
Africa boasts 55 billionaires - far more than previously thought - and they're worth a staggering $143.88 billion in total, according to pan-African magazine Ventures Africa.
Starting her career as a secretary in a bank in the mid 1970s, Alakija, 62, then studied fashion in London and returned to Nigeria to start a label, Supreme Stitches. But her biggest break came in oil.
In 1993, her company, Famfa Oil, was awarded an oil prospecting license, which later became OML 127, one of the country's most prolific oil blocks, by then-president Ibrahim Babangida.
The company owned a 60 per cent stake in the block until 2000 when the Nigerian government unconstitutionally acquired a 50 per cent interest without duly compensating Alakija or Famda Oil.
In May 2012, Alakija, a married mother-of-four, challenged the acquisition and the Nigerian Supreme Court reinstated the 50 per cent stake to her company.
Move over, Oprah! Nigerian billionaire unseats TV queen as the richest black woman in the world with $7.3b oil fortune
Mother-of-four, Folorunsho Alakija, 62, started her career as a secretary in a bank then studied fashion and launched a label but her big break was oil
In 1993, her company, Famfa Oil, was awarded an oil prospecting license, which later became OML 127, one of Nigeria's most prolific oil blocks
The company owns a 60 per cent stake in the block, valued at around $7.3 billion, Ventures Africa reports
According to Forbes, Oprah Winfrey is worth $2.9 billion

Read more: www.dailymail.co.uk/news/article-2449896/Folorunsho-Alakija-replaces-Oprah-Winfrey-richest-black-woman-world.html#ixzz3Tk6vny6q
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Andy-K
if the lone crusader 9 years ago

They will sell it to themselves as ussul period.where are the 330 state comps. Inherited by afrc.pndc and ndc? Who are the owners? Ghanaians are demanding?

They will sell it to themselves as ussul period.where are the 330 state comps. Inherited by afrc.pndc and ndc? Who are the owners? Ghanaians are demanding?

Expert calls for openness in oil contracts process

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