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Investment
IFC to increase investments in oil and gas in sub-Sahara Africa
International Finance Corp., the World Bank Group’s private-sector lending arm, plans to increase spending on sub-Saharan Africa’s oil and gas industry and sees “significant” opportunities in Ghana, Uganda and Tanzania.
“Africa is a focus…
Ghana to rehabilitate Takoradi Harbour at $700m for oil services
The Ghana Ports and Harbours Authority (GPHA) will be spending $700 million to rehabilitate the Takoradi Harbour, Ghana’s second sea port to make it ready for the country’s emerging oil industry, ghanabusinessnews.com has learnt.
According…
Ghana Stock Exchange All-Share Index continues gain
The benchmark GSE All-Share index of the Ghana Stock Exchange (GSE) opened the week slightly higher on a gain by Ghana Oil Company (GOIL).
The index went up by 2.88 points to close the session at 5,352.72 points from Friday’s 5,321.84…
Gold Coast Security Gold Fund Unit Trust soaring high
Gold Coast Securities Limited Gold Fund product, one of the best performing collective investment schemes in Ghana, grew by 74.28 percent in value in 2008, despite the global economic downturn.
The fund, the second unit trust to be…
Tullow Ghana awards subsea contract on Jubilee field to Expro
Tullow Ghana Limited, a subsidiary of UK oil and gas exploration company Tullow Oil, has awarded a multi-million dollar contract to international oilfield service company, Expro to deliver subsea, well test and data acquisition services.…
Ghana earns $2.3b from mining in 2008 – report
Ghana earns $2.3 billion from its mining sector in 2008, the third quarter report on the country’s mining sector released by a research company has said.
The report by Companies and Markets, which was released Thursday July 23, 2009, says…
Mining companies in Ghana repatriate $470m in 2009
Gold mining companies in Ghana have repatriated a total of $469.64 million from the country in the first six months of 2009.
The Governor of the Bank of Ghana, Dr. Paul Acquah told reporters at a press conference in Accra Tuesday July 21,…
Ghana Stock Exchange index opens the week lower
The benchmark GSE All-Share index of the Ghana Stock Exchange dipped by 10.39 points on Monday to open the week at 5,286.29 points.
Change for the year to date now stands at -49.32 per cent.
Shares that changed hands stood at 85,900…
Sale of Kosmos Energy stake in Ghana: India hires Citi for advise
Would Kosmos Energy sell its stake in Ghana’s Jubilee oil field or not? This is a question oil industry watchers are interested in knowing.
Ever since the issue came up, the closely-guarded Texas-based Kosmos Energy has not said anything…
Ghana to be among top 50 oil producers in the world – Tullow
Tullow Oil says Ghana will become one of the world’s top 50 oil producers when the country starts commercial production of oil in June 2010.
The Chief Excutive Officer of Tullow Oil, Aidan Heavey told the Bloomberg news service in a…