Monday, May 19, 2025
Voice FM...94.3
  • Home
    • All
    • Extra
    • Featured
    • International News
    • Local News
    • Politics
    • Voice Articles
    • Voice Business
    • Voice Entertainment
    • Voice Sports
    Grammy was created for Americans; let’s believe in what we do – Rex Omar

    Grammy was created for Americans; let’s believe in what we do – Rex Omar

    ‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

    ‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

    2024 elections: I conceded early to save Ghana’s ‘democracy and peace

    I’m happy with the Mike Oquaye report – Bawumia

    I delayed the “Thank You” Tour to allow Mike Ocquaye report to be concluded – Bawumia

    I delayed the “Thank You” Tour to allow Mike Ocquaye report to be concluded – Bawumia

    Chief Justice Torkornoo served with two new removal petitions

    Chief Justice Torkornoo served with two new removal petitions

    GMA condemns dismissal of Tamale Teaching Hospital CEO, demands apology from Health Minister

    GMA condemns dismissal of Tamale Teaching Hospital CEO, demands apology from Health Minister

    Trending Tags

    • Voicefm
  • Politics
  • Sports
  • Business
  • Health
  • Entertainment
  • International
    • All
    • Africa
    • Americas
    • Asia
    • Europe
    Pope Francis dead at 88, Vatican confirms

    Pope Francis dead at 88, Vatican confirms

    Boy, 10, dies after 340-pound foster mother sits on him

    Boy, 10, dies after 340-pound foster mother sits on him

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Kenyan Policeman shoots Magistrate in open court

    Kenyan Policeman shoots Magistrate in open court

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

  • Voice Xtra
    • All
    • Health
    • Religion
    • Technology
    Bono Regional Chief Imam passes on

    Bono Regional Chief Imam passes on

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Owusu-Bempah exposes Opambour’s boy

    Owusu-Bempah exposes Opambour’s boy

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    • Gospel
    • Religion
    • Health
    • Technology
    • Voice Articles
  • LIVE Radio
No Result
View All Result
Voice FM...94.3
  • Home
    • All
    • Extra
    • Featured
    • International News
    • Local News
    • Politics
    • Voice Articles
    • Voice Business
    • Voice Entertainment
    • Voice Sports
    Grammy was created for Americans; let’s believe in what we do – Rex Omar

    Grammy was created for Americans; let’s believe in what we do – Rex Omar

    ‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

    ‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

    2024 elections: I conceded early to save Ghana’s ‘democracy and peace

    I’m happy with the Mike Oquaye report – Bawumia

    I delayed the “Thank You” Tour to allow Mike Ocquaye report to be concluded – Bawumia

    I delayed the “Thank You” Tour to allow Mike Ocquaye report to be concluded – Bawumia

    Chief Justice Torkornoo served with two new removal petitions

    Chief Justice Torkornoo served with two new removal petitions

    GMA condemns dismissal of Tamale Teaching Hospital CEO, demands apology from Health Minister

    GMA condemns dismissal of Tamale Teaching Hospital CEO, demands apology from Health Minister

    Trending Tags

    • Voicefm
  • Politics
  • Sports
  • Business
  • Health
  • Entertainment
  • International
    • All
    • Africa
    • Americas
    • Asia
    • Europe
    Pope Francis dead at 88, Vatican confirms

    Pope Francis dead at 88, Vatican confirms

    Boy, 10, dies after 340-pound foster mother sits on him

    Boy, 10, dies after 340-pound foster mother sits on him

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Kenyan Policeman shoots Magistrate in open court

    Kenyan Policeman shoots Magistrate in open court

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

  • Voice Xtra
    • All
    • Health
    • Religion
    • Technology
    Bono Regional Chief Imam passes on

    Bono Regional Chief Imam passes on

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Owusu-Bempah exposes Opambour’s boy

    Owusu-Bempah exposes Opambour’s boy

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    • Gospel
    • Religion
    • Health
    • Technology
    • Voice Articles
  • LIVE Radio
No Result
View All Result
Voice FM...94.3
No Result
View All Result
Home General News Voice Business

Takoradi: Did the oil bust come too soon?

Frank Movado by Frank Movado
January 19, 2016
in Voice Business
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

takoradi

With five years into commercial production oil, JoyNews reporter Justice Baidoo has been to Takoradi, the closest city at the heartland of the industry to find the winners and losers from Ghana’s new found wealth.

 

Kwame Adu Mante

Businessman, Kwame Adu Mante came from Kumasi to Takoradi in 1999 to study building engineering at the Takoradi Polytechnic.

“The Takoradi I came to meet then was smaller and easily boring for me because of where I was coming from and it was the first time I was seeing the sea so it was beautiful”.

Kwame was one of the businessmen who went into real estates, hoping to cash in on the influx of people into the town.

“Many of the things that have happened in this industry took us unaware. We didn’t know about this industry and so we couldn’t research deeper to make the most out of it”.

The initial influx of people into the Western regional capital meant a boom in housing and gave people like Kwame hope. But the industry has not lived up to the hype due to falling global oil prices.

Nana Kobina Nketsia

Nana Kobina Nketsia is Paramount Chief of Essikadu and professor of History.

He advocates for a fierce advocate for local development. “We were in a rush to get the industry started and we got so many things wrong”. As a key part of the hierarchy of traditional pushing for the return of development for the resources the western region produces, he believes five years of oil has benefited a privileged few.

YOU MAY ALSO LIKE :  Tigo improves network quality

Philip Osei Bonsu

Philip is a shining example of what good corporate social responsibility could mean for a country. Having completed the University of Ghana, he landed a job as a journalist in Takoradi.

“The history of this city is no something we can over-emphasize. This city was everything Ghana. The city went down until the discovery of oil”. He says.

In 2012, Philip won a scholarship to study in Britain under a scholarship scheme sponsored by Tullow Oil, the lead operator Ghana’s Jubilee oil fields.

The scheme seeks to take young Ghanaian graduates to some of the first class British universities to build capacities so they can take up key roles in an oil and gas economy.

The scheme has so far sponsored more than 200 Ghanaians till date. The western region has 10 slots every year.

“The oil has made young people like myself ambitious” he says. But he concedes opportunities need to be extended further so more young people can tap into the indirect benefits of oil.

Maame Efua

“We only hear of oil but we don’t see it”. For her the fact that most young people in Takoradi continue to have their applications for jobs turned down means the region hasn’t seen enough returns from oil.

Antie Efua is a trader at the Takoradi Market circle- the biggest in the western region.

YOU MAY ALSO LIKE :  $75m needed to stabilise Accra power: Agyarko

Inflation figures, according to the Ghana Statistical Service, has largely been higher than that of the Western region since 2010 when oil production begun. This has caused spiralling cost of living and traders like Auntie Efua, with increased cost of trading, are the one feeling the pinch.

“I pay so many taxes and get very little in the things I sell”.

“If they employed our children, then we’d have had good things to say. But my children are home; they’ve all gone to university and yet, have no jobs”.

Issa Ouedrago 

The Western region is a resource rich landmass, producing a bulk of Ghana food. A 2013 report by the UNDP said the region has the majority of Ghana’s mineral deposits per square kilometre with 30 per cent of all of Ghana’s gold coming from the region.

The region has however failed to match the rest of the country in terms of development.

Issa Ouedrago is a farmer who is taking advantage of the increased numbers into the region since 2010 to pioneer improved agribusiness

Lordina Baidoo

Running after trains, all covered up in heavy jumpers and blazers in severe winter cold. Life in London, the rosy life notwithstanding, is tough. Really tough.

When Lordina Baidoo left the University of Ghana, he travelled to London, hoping to make a life there.

YOU MAY ALSO LIKE :  Otumfuo opens Kumasi City Mall on Thursday

“There’s no green pasture anywhere. The things I heard before going to London was not what I saw when I went there”, she says.

Two years after Ghana’s oil discovery, she returned home, dreaming to land a job in the new industry.

It was not to be. Like many young graduates in the western region, it remained just that- a dream.

In 2010, she started Perez Kitchen, a catering service company which has grown to be a company that is now supplying food to companies working in Ghana’s oil in industry in Takoradi

 

Share this:

  • Facebook
  • Twitter
Previous Post

Blatter still receives salary despite ban from world football

Next Post

BoG confident about halting cedi fall

Frank Movado

Frank Movado

Next Post

BoG confident about halting cedi fall

READ - FROM OTHER CATEGORIES

SUGGESTED - FOR YOU

  • All
  • Politics
  • Voice Business
  • Voice Entertainment
  • Health
  • Technology
Grammy was created for Americans; let’s believe in what we do – Rex Omar

Grammy was created for Americans; let’s believe in what we do – Rex Omar

April 23, 2025
‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

April 23, 2025
2024 elections: I conceded early to save Ghana’s ‘democracy and peace

I’m happy with the Mike Oquaye report – Bawumia

April 23, 2025
I delayed the “Thank You” Tour to allow Mike Ocquaye report to be concluded – Bawumia

I delayed the “Thank You” Tour to allow Mike Ocquaye report to be concluded – Bawumia

April 23, 2025
Chief Justice Torkornoo served with two new removal petitions

Chief Justice Torkornoo served with two new removal petitions

April 23, 2025

EDITOR'S PICKS

Poor Service of Delta Airlines made me miss my Detroit tour – Sarkodie

Poor Service of Delta Airlines made me miss my Detroit tour – Sarkodie

by Attah Dabone
September 11, 2023
0

Ghanaian rapper and songwriter, Sarkodie said he missed his event in Detroit due to Delta

Plot to remove IGP: Dampare to appear before committee on September 12

Plot to remove IGP: Dampare to appear before committee on September 12

by Attah Dabone
September 11, 2023
0

Chairman of the ad-hoc committee probing the leaked plot to remove IGP, Samuel Atta Akyea has

Tema Motorway bridge closes for repair works

Tema Motorway bridge closes for repair works

by Attah Dabone
September 7, 2023
0

The Tema Motorway Bridge that connects Community 18 to Borteyman will be closed to traffic from Sunday,

Wenchi: GES probes teacher for allegedly forcing pupils to swear by deity over stolen phone

Wenchi: GES probes teacher for allegedly forcing pupils to swear by deity over stolen phone

by Attah Dabone
September 7, 2023
0

The Wenchi Municipal Directorate of the Ghana Education Service (GES) in the Bono Region has

Car stolen from a driveway in Canada found in Ghana

Car stolen from a driveway in Canada found in Ghana

by Attah Dabone
September 7, 2023
0

In an astonishing turn of events, a car stolen from a Toronto driveway in Canada

Be transparent in limited voter registration exercise – Mahama tells EC

by Attah Dabone
September 6, 2023
0

Former President John Dramani Mahama has asked the Electoral Commission (EC) to be fair in

NPP flagbearer race: Ghanaians react to Alan’s withdrawal

by Attah Dabone
September 6, 2023
0

Former Trade Minister, Alan Kwadwo Kyerematen’s withdrawal from New Patriotic Party’s (NPP) presidential race has sparked reactions

VOICE NEWS - ARCHIVE

Latest News Trending

Grammy was created for Americans; let’s believe in what we do – Rex Omar

Grammy was created for Americans; let’s believe in what we do – Rex Omar

by Attah Dabone
April 23, 2025
0

‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

by Attah Dabone
April 23, 2025
0

2024 elections: I conceded early to save Ghana’s ‘democracy and peace

I’m happy with the Mike Oquaye report – Bawumia

by Attah Dabone
April 23, 2025
0

Featured News

Grammy was created for Americans; let’s believe in what we do – Rex Omar

‘I would’ve been selling spare parts or clothes if I hadn’t pursued music’ – Black Sherif

I’m happy with the Mike Oquaye report – Bawumia

I delayed the “Thank You” Tour to allow Mike Ocquaye report to be concluded – Bawumia

Chief Justice Torkornoo served with two new removal petitions

GMA condemns dismissal of Tamale Teaching Hospital CEO, demands apology from Health Minister

Fomena-Dompoase accident: One more victim dies

  • Home
  • LIVE Radio

Voice FM Online © Copyright 2016, All Rights Reserved.

No Result
View All Result
  • Home
  • LIVE Radio

Voice FM Online © Copyright 2016, All Rights Reserved.