• 6 minutes U.S. - Saudi Arabia: President Trump Says Saudi Arabia's King Wouldn't Survive "Two Weeks" Without U.S. Backing
  • 10 minutes Iranian Sanctions - What Are The Facts?
  • 15 minutes U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 59 mins Can the World Survive without Saudi Oil?
  • 55 mins Sears files Chapter 11
  • 31 mins Natural disasters and US deficit
  • 13 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 2 days $70 More Likely Than $100 - YeeeeeeHaaaaa
  • 12 hours German Voters Set to Punish Merkel’s Conservative Bloc
  • 1 day How Long Until We Have Working Nuclear Fusion Reactor?
  • 2 days COLORADO FOCUS: Stocks to Watch Prior to Midterms
  • 7 hours Threat: Iran warns U.S, Israel to expect a 'devastating' revenge
  • 13 hours Saudi A Threatens to Block UN Climate Report
  • 2 days China Tariff Threatens U.S. LNG Boom
  • 2 days China Thirsty for Canadian Crude
  • 2 days Cruise ship could get a 100'000$ fine for using illegal bunker fuel
  • 2 days UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
Alt Text

Is ISIS About To Attack Libyan Oil?

Islamic State forces in Libya…

Alt Text

Nigeria’s Oil Strike Stokes Fear In Markets

A Nigerian oil workers union…

Alt Text

Can Nigeria And Libya Avoid A Production Cut?

Nigeria and Libya were exempted…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Ghana’s Supreme Court Upholds President Mahama

Bottom Line: Ghana investors breathe a sigh of relief as the Supreme Court upholds the December 2012 presidential election results and the verdict passes smoothly, with opposition criticism but with all quiet on the streets.

Analysis: As we noted in a lengthy executive report on Ghana, as well as in the previous two briefings, we did not expect the Supreme Court to rule in favor of the opposition, if only because of the implications of this for the country’s stability. The Supreme Court’s final verdict dismissed the opposition petition calling for an annulment of the election results due to alleged voting irregularities. But the process has shaken investor confidence and a new report on macroeconomic indicators shows a drastic decline that reverses last year’s trend, according to the World Economic Forum’s Global Competitiveness Report (GCR). Specifically, Ghana recorded a budget deficit of over 12% during the election year (2012), which is 100% more than its target.

Recommendation: The political crisis in Ghana has been decided, with this verdict, but it may not be over yet. What is opposition criticism of the Supreme Court verdict could gain momentum among fringe elements. We do not expect this to evolve into a major destabilizing factor, nor do we believe that the wider public will allow tensions to rise to the point of violence. On the economic level, the verdict should allow the ruling government a reprieve to focus on trimming the…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News