Kosmos Energy makes third oil discovery in Ghana

Kosmos Energy has announced today, January 8, 2009 that the company has successfully appraised Jubilee Field-age reservoirs and made its third major oil discovery on the West Cape Three Points Block in Ghana. In a statement announcing the…

MTN distances itself from scam in its name

The Mobile Telecommunication Network (MTN) on Wednesday distanced itself from an e-mail scam falsely claiming that some individuals will receive Nokia N95 and NF90 if they forwarded an e-mail to eight and twenty people. The said e-mail…

Brussels to broker gas row talks

Top Russian and Ukrainian gas executives are due in Brussels as the EU seeks to broker an end to the row freezing much of Europe's gas supplies. Both Alexei Miller, chief of Russian gas monopoly Gazprom, and Ukrainian state gas company…

Oil falls 12% as U.S. supplies rise

Oil futures tumbled 12 percent, the most in more than seven years, after a U.S. government report showed bigger-than-expected increases in supplies of crude oil, gasoline and distillate fuel as consumption dropped. Inventories of crude oil…

World Bank warns of bleak economy for Ghana

The World Bank has painted a gloomy picture of the Ghanaian economy, saying that the macro-economic situation that the incoming government will inherit is “extremely worrisome”. In a January Report signed by the bank’s Country Director in…

President Mills inaugurated

President John Evans Atta Mills was Wednesday January 7, 2009 sworn into office as the third President of the Fourth Republic of Ghana. The ceremony which was attended by a throng was conducted at the Independence Square in Accra.…

Ghana’s Parliament asked to acquire plane

An outgoing Member of Ghana’s Parliament has asked the House to buy a plane for its travels. Mr Abraham Ossei Aidooh who was Minister of Parliamentary Affairs in the New Patriotic Party (NPP) government said Tuesday January 6, 2009 that…