Oil Price Affects Everything In Ghana

Ghana is fifty four years of Independence from British rule but, nothing to be boldly proud of as a great well a economy country .
Ghana is a peace of peace , hospitality and trustworthiness but people living here turn the good name of the country to something else.
Oil one of Ghana's problem since the time memorial and we try to fight it but there is no leader to stand on his leadership qualities to solve it .
Today's Modern Ghana, the increase of fuel price affect every single thing in the country no subsidizer for the nation relies on.
Better-than-expected survey data from the US, China, India and some eurozone states boosted hopes for a global recovery and increased oil demand.
But a recent Iranian missile test and new US and EU sanctions have also led to concerns about oil supply.
In the US, a recent run of positive economic data continued on Tuesday when the Institute for Supply Management said its index of national factory activity had risen to a better-than-expected 53.9 in December from 52.7 the month before.

Any figure above 50 indicates growth in the sector.
It echoed recent stronger-than-expected manufacturing data from China and India.

Figures from the UK also showed a smaller-than-expected decline in the manufacturing sector in December, thanks to new orders from Germany, China and eastern Europe.
The Markit/CPS purchasing managers' index for the UK rose to 49.6 from November's figure of 47.7.

"People are being cautiously optimistic about where they think things could go over the next nine months," 
"If growth is higher than expected, than suddenly we could be back to a situation like 2008 where people are querying whether or not there is supply capacity," he added.
Iran fears

But analysts say the sharp rise in the price of oil is about more than just economic optimism.
Concerns over Iran's nuclear programme have led to new EU and US sanctions on some Iranian oil exports.

Iran is the world's fourth largest oil producer and claims to have control over the strategically significant Strait of Hormuz through which about 15% of the world's oil exports pass. it carried out a missile test in the region and it has warned the US not place ships in the Gulf.

"If you look at other commodity prices; industrial metals for instance, the intra-day movement up in oil has been stronger [than them] and part of that strength has definitely come from Iran "

"The general rhetoric around Iran is what has supported the oil price over the last month or so."
However increases in the cost of oil may in turn damage the global economy - limiting price rises.
"Whenever prices are going too high you can clearly see US demand starts falling - there is a limit to how much price can go up," given the weak economy,

The National Petroleum Authority (NPA) has announced that prices of petroleum products will go up between 15 and 20 percent effective December 29.

Below is the full statement from the authority:

In January 2011, the NPA announced Petroleum Products Pump Prices based on prevailing International Crude Oil and Petroleum prices at the time - Crude Oil price (Brent Crude) was at USD92/barrel, and the Exchange Rate was at GHS1. 4629 per USD1. 00.

The average per barrel price of Crude oil for 2011 is USD111 with Current Prices at USD110, which is approximately a 20% increase since the last Petroleum Products Pump Price review when Crude Oil Prices were at USD92/barrel.

Also, the current exchange rate is at GHS1. 5464/USD which implies the Cedi has depreciated by about 5. 7% since Jan 4th, 2011.

The Culminating effect of a) International Crude price movement and b) depreciation of the Cedi implies an over 25% increase (in Ghana Cedi terms) in the cost of procuring crude oil and petroleum products since Jan 4th, 2011.

By the end of 2011, Govt of Ghana would spend over GHS450 million in subsidies for the 2011 year.
The current situation is as follows: Crude Oil Prices are currently at USD110/barrel and the Exchange rate is GHS 1. 5464/USD
Petrol GHp 175. 48 per litre Diesel GHp 177. 09 per litre Kerosene GHp 91. 00 per litre LPG GHp 136. 19 per kg
(A 12. 5kg Cylinder will now sell at GHS17. 02, and a 14. 5kg cylinder will sell at GHS19. 75)
Premix GHp 54. 27 per litre RFO GHp 83. 93 per liter
Petrol - 15% Diesel - 15% Kerosene - 0% LPG - 30% Premix - 0% RFO - 0%

The NPA will be monitoring the International Prices and intends not to decrease or increase Petroleum Products Pump Prices if the average prices of Crude Oil consistently remains within the USD107/bbl to USD111/bbl range.

The NPA will continue with its bi-weekly review of the International Prices to ensure that the Suppliers of Petroleum Products are paid the full cost recovery price using Import Parity.

         Ghana need a good reliable source to put  hopes on which from this modern Ghana all new ways to lift up the country as a nation .

Rubber Product In Ghana

Wristbands are encircling strips worn on the wrist, made from a variety of materials depending on the purpose. The term can be used to refer to the bracelet-like band of a wristwatch, to the cuff or other part of a sleeve that covers the wrist, or to decorative or functional bands worn on the wrist for other reasons, such as lanyards.

One type of wristband is also known as a sweatband, and is usually made of a towel-like terrycloth material. These are usually used to wipe sweat from the forehead during sport, or as a badge or fashion statement. A practice common in mid-eighties punk subculture was to cut the top off of a sock and fashion the elastic into this type of wristband.

Another common type of wristband is the loops of plastic that are placed around the wrist for identification purposes (demonstrating the wearer's authorization to be at a venue,

Ghana is now working in hand to get away off the waste product in the country that why.. subtouchinteractive.blogspot.com 

Convention People's Party New Change Plan

The stage was set for the overthrow of the CPP in 1966 in a coup d’état by the National Liberation Council.
After the coup, the CPP was banned.
The CPP remained dissolved till January 29, 1996, when the National Convention Party and the People's Convention Party merged to form a new Convention People's Party The CPP has contested each election since 1996.







At the elections, 7 December 2004, the party won 3 out of 230 seats. Its candidate in the presidential elections, George Aggudey, won only 1.0% of the vote.
In the 2008 presidential and parliamentary elections in Ghana, the party won one parliamentary seat; that of Samia Nkrumah in the Jomoro constituency. The presidential candidate, Dr. Paa Kwesi Nduom performed below expectation managing to get 1.4% of total valid votes.







Dr Paa Kwesi Nduom is making history, because the founder of Convention People's Party did that to The United Gold Coast Convention when this was not going for his favor.
Dr. Papa Kwesi Nduom to part ways with the CPP and to form his own political party. This occurred at a press briefing on the 28th of December 2011 at the Press Centre in Accra. 
The Convention People’s Party recognises the right to free association as guaranteed by Ghana’s 1992 constitution. 
The public declaration separates Dr Nduom from the historic and global tradition of the CPP and all its supporters. The others are protecting and enhancing Ghanaian culture, heritage and institutions; and working relentlessly for political and economic unity of Africa and co-operating with intra-African institutions and agencies.

The statement said: “Leadership hereby calls on all members to stand firm and let us all seize this opportunity to re-claim our identity, remove all doubts about our resolve to bring unity and cohesion to our party and the Nkrumaist tradition. Dr Nduom  quit the CPP and announced his decision to contest the 2012 Presidential election on the ticket of a new political party to be unveiled in two months.

“The NPP (New Patriotic Party) and NDC (National Democratic Congress) may be big established parties, but none of that translates into effective leadership. We wish to ask all voters to make a change by considering the experience and personal attributes we are offering and vote for me to make the difference that they desire in their lives,” he said.

He added: “Our goal is to contest the 2012 general election with a positive, progressive difference force not felt in the Fourth Republic. 
“Let us mobilise with a sense of urgency and work towards reclaiming our rightful place in Ghanaian politics in 2012 and beyond for the benefit of our people  




Samia Nkrumah is someone who need changes for her father's legacy to live as social democratic and as she believes in what her father called "Young Pioneers" the love for your party and country first .
The Convention People’s Party remains committed to its stated ideology and declared aims and objectives including; 

• consolidating, deepening and maintaining the independence and sovereignty of the Republic of Ghana;
• of safeguarding and defending the Constitution of Ghana;
• taking all necessary steps to ensure the political, economic and social progress and stability of Ghana and promote national reconciliation and unity;
• offering Ghanaians a Government based on Nkrumaist principles of self-determination, social justice and Pan-Africanism.
• protecting and enhance Ghanaian culture, heritage and institutions;
• working relentlessly for political and economic unity of Africa and co-operate with intra-African institutions and agencies towards the realization of this goal.

Leadership hereby calls on all members to stand firm and let us all seize this opportunity to re-claim our identity, remove all doubts about our resolve to bring unity and cohesion to our Party and the Nkrumaist tradition. 
Let us mobilize with a sense of urgency and work towards reclaiming our rightful place in Ghanaian politics in 2012 and beyond for the benefit of our people

The Convention People's Party (CPP) is a socialist political party in Ghana, based on the ideas of former President Kwame Nkrumah.

The CPP was formed in 1949 by Kwame Francis Nwai Kofi Nkrumah to campaign for the independence of the Gold Coast. It ruled Ghana from 1957 to 1966. During the latter part of the CPP rule, the constitution was changed to make it the only legal party in Ghana, making the nation a one-party state. The party was banned after the February 24, 1966 coup d'état by the National Liberation Council. Parties following in its tradition have used various names. The party was reformed from some of the Nkrumah factions in 1996.
Nkrumah earned high marks which led to the award of scholarship to study abroad , where he earned  many degrees at the Universities of Lincoln and Pennsylvania  in America.
During this period he worked hard at many jobs, but he felt he must return home to help his Country gain  Independence.
The United Gold Coast Convention (UGCC) had been formed in 1947 with the goal of bringing about independence for Ghana. Kwame Nkrumah thought the UGCC's opposition to the colonial rulers lacked the necessary vehemence and urgency; he wanted immediate independence. Breaking from the UGCC on these grounds, he founded the CPP with the motto "self-government now". On 9 January 1950 the CPP called for countrywide boycotts and strikes. In the course of these, two policemen were shot dead, and the CPP leadership was arrested and imprisoned. This only increased Nkrumah's popularity. When general elections were held in 1951, the CPP won decisively despite the imprisonment of Dr Nkrumah and other party leaders. Nkrumah was subsequently released to form the colony's first African government.The final step was heavily rigged referendum in 1964 which made the CPP the only legal party, with Nkrumah as president for life of both nation and party.