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Interview

OBG talks to Charles Cofie, Board Chairman, Barclays; Samuel Adjei, Managing Director, Ecobank; Simon Dornoo, Managing Director, Ghana Commercial Bank; and Kweku Bedu-Addo, CEO, Standard Chartered
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Interview:Charles Cofie,Samuel Adjei,Simon Dornoo,Kweku Bedu-Addo What can be done to improve the ability of Ghanaian banks to cater to larger scale projects? KWEKU BEDU-ADDO: The ability of Ghanaian banks to take part in larger transactions is linked to the capital base, which is currently insufficient. Looking at oil and gas, upstream infrastructure alone requires…
Interview

OBG talks to Kofi Yamoah, Managing Director, Ghana Stock Exchange (GSE)
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Interview: Kofi Yamoah How has activity on the GSE evolved in recent times? KOFI YAMOAH: There has been a big leap in secondary market activity in 2013. The value of shares being traded has been five times that in the same period in 2012, volumes have doubled compared to 2012 and the index was up 57% by the end of May 2013, which indicates that there are good returns to be made. The shares of 22…
Interview

OBG talks to Lydia Lariba Bawa, Commissioner, National Insurance Commission (NIC)
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Interview: Lydia Lariba Bawa What role will microinsurance play in the development of the broader insurance sector? LYDIA LARIBA BAWA: One of the major roles of microinsurance is to improve access to insurance for the majority of the population, most of whom are excluded from accessing conventional insurance services either because they are low income earners or because they operate in the informal…
Interview

OBG talks to Kwesi Botchwey, Chairman, Ghana National Gas Company
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Interview: Kwesi Botchwey What are the priorities for finalising the necessary infrastructure for gas production? KWESI BOTCHWEY: We knew the timetable for developing the gas infrastructure was ambitious from the beginning, but it was driven by the need to align our implementation schedule with the production schedule of the Jubilee Oilfield partners. Nevertheless we have made a great deal of progress…
Interview

OBG talks to Aidan Heavey, CEO, Tullow Oil
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Interview: Aidan Heavey To what extent are West African governments involved in exploration and production? AIDAN HEAVEY: It goes through phases: if it is frontier exploration where no exploration activity has been done yet, it is unusual for the government to be involved, but it varies from country to country. The countries that have a long track record of trying to find oil and have built…
Interview

OBG talks to Nils Smedegaard Andersen, Group CEO, A.P. Moller- Maersk Group
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Interview:Nils Smedegaard Andersen What opportunities do you see for improving maritime infrastructure or expanding capacity? NILS SMEDEGAARD ANDERSEN: If South Africa is excluded, the growth is almost 6%, and here in Ghana growth is in fact above 8%. The abundance of minerals and natural resources highlights the fact that the potential for expansion here is tremendous. You also have lots of…
Interview

OBG talks to Nana Kwame Bediako, President and CEO, Petronia City Development
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Interview:Nana Kwame Bediako What do developers need to bear in mind to source funding and to manage cash flows effectively? NANA KWAME BEDIAKO: First, developers need to plan how they will execute the entire deal from beginning to end, instead of starting a project and have it be frozen in the middle due to poor funding management. There are two different approaches for funding. One is for developers…
Interview

OBG talks to Doreen Owusu-Fianko, Managing Director, Ghana Airports Company
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Interview:Doreen Owusu-Fianko What infrastructure upgrades are planned to keep Kotoka International Airport competitive globally? DOREEN OWUSU-FIANKO: Our current airport structure was designed to cater to 500,000 passengers, but over the years annual passenger numbers have increased to 2.5m. Our design for terminal rehabilitation and expansion, especially the international terminal, will increase…
Interview

OBG talks to Kweku A Awotwi, Chief Executive, Volta River Authority (VRA)
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Interview:Kweku A Awotwi In what way will local gas production affect the price level and consistency of electricity supply? KWEKU A AWOTWI: Local gas production should not increase the price of gas coming into Ghana. We are currently paying $8 per million British thermal units (BTUs) for the gas that comes from Nigeria. We do not see gas being that expensive here, but we consider $8 a ceiling…
Interview

OBG talks to Phillip Sowah, Managing Director, Airtel; Michael Ikpoki, Former CEO, MTN; Adil EL Youssefi, CEO, Tigo;Kyle Whitehill, Former CEO, Vodafone
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Interview:Phillip Sowah,Michael Ikpoki,Adil EL Youssef,Kyle Whitehill What can be done to maintain higher average revenue per user (ARPU) levels? PHILIP SOWAH: We have a huge challenge there. Prices have dropped as low as they can go, and we are looking to make up some of the revenue loss with data packages. We are pushing data quite heavily and will be pushing it much more aggressively. We…