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Thriving Norway Provides an Economics Lesson

NYTimes, May 14, 2009


Norway is a relatively small country with a largely homogeneous population of 4.6 million and the advantages of being a major oil exporter. It counted $68 billion in oil revenue last year as prices soared to record levels. Even though prices have sharply declined, the government is not particularly worried. That is because Norway avoided the usual trap that plagues many energy-rich countries.

Instead of spending its riches lavishly, it passed legislation ensuring that oil revenue went straight into its sovereign wealth fund, state money that is used to make investments around the world. Now its sovereign wealth fund is close to being the largest in the world, despite losing 23 percent last year because of investments that declined.....




Ghana to host World Tourism Day

Accra, May 13, Ghanadot - Ghana has been nominated by the United Nations World Tourism Organisation (UNWTO) to host this year’s International World Tourism Day come September 2009. This will mark the 30Th celebration of World Tourism Day.
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EC, GACC join forces to fight electoral corruption

Accra, May 13, Ghanadot/GNA – The Electoral Commission (EC) and the Ghana Anti-Corruption Coalition (GACC) on Wednesday developed a mutual platform to promote political transparency and accountability as a means for fighting electoral corruption in Ghanaian politics...More


Local entrepreneurs urged not to depend on political patronage

Accra, May 13, Ghanadot/GNA – Vice-President John Dramani Mahama has asked local entrepreneurs not to depend on political patronage in growing their enterprises..,,,More

  Kidney Savers' Fund launched

Accra, May 14, Ghanadot - Kidney Savers, a Non-Governmental Organisation (NGO) based in Accra has launched a "Kidney Savers Fund" to help people struggling from kidney failures in the country.
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