Oil companies gain as crude prices rise

Shares of oil companies rose on Thursday along with the price of crude, a week ahead of an anticipated production cut by OPEC. Crude oil prices rose $4.10, or 9.5 percent, to $47.61 on Thursday, as the dollar continued to lose value,…

Ghana inflation rises to 17.4 % in November

Ghana's annual inflation rose to 17.4 percent in November from 17.3 percent in October, breaking a four-month downward trend, data from the Ghana Statistical Service showed on Friday, December 12, 2008. Annual inflation in the West African…

GM temporarily closes 20 factories

General Motors Corp. said Friday it will temporarily close 20 factories across North America and make sweeping cuts to its vehicle production as it tries to adjust to dramatically weaker automobile demand. GM said it will cut 250,000…

Ghana’s forest reserves under threat

Ghana’s forests have been vanishing at alarming rates. But it appears Ghana’s major stakeholders, particularly the politicians, lack the political will to act to save the forests. The country’s rich forests contribute about five to eight…

Bravo signs MOU with gold mine company in Ghana

A Colorado based company, Bravo Resource Partners has signed a Memorandum of Understanding (MOU) with an unnamed mining company in Ghana, a press release from the company has said Thursday December 11, 2008. The release simply identified…