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Investment
Ghana approves Jubilee Phase 1 development plan
The government of Ghana has given formal approval for the Phase 1 Development Plan of the Jubilee oil field. The approval was given Monday July 13, 2009 - UK-based Tullow Oil has said in a press release copied to ghanabusinessnews.com…
Kosmos Energy may not sell Ghana stake after securing $750m IFC loan
Private equity-backed Kosmos Energy said it had secured a $750 million loan facility to fund the development of its large oil discoveries in Ghana, raising doubts about a planned $3 billion sale of the fields.
Kosmos said in a statement on…
IFC, Kosmos Energy sign loan agreement for Ghana project
The International Finance Corporation (IFC) has signed a loan agreement with Texas-based Kosmos Energy to finance the development of the Jubilee oil field in Ghana, the IFC has said in a press release copied to ghanabusinessnews.com.…
Mining Executive on Obama’s visit, oil in Ghana
President Barack Obama of the US left Ghana on the evening of Saturday July 11, 2009, after his historic and momentous visit to Ghana, but the euphoria that followed and the impact of the visit is still gathering momentum.
The Chief…
Indian oil company shows interest in Kosmos Energy’s stake in Ghana
The number of oil and gas companies showing interest in the 30% stake of Kosmos Energy in Ghana’s Jubilee oil field is growing. The latest to show interest is the Indian state-run Oil & Natural Gas Corporation (ONGC). Even though it has…
Ghana’s power sector to earn $419m in 2014 – Frost & Sullivan
Ghana’s electricity sector earned revenues of $287 million in 2007 and it is estimated to reach $419 million by 2014, Frost & Sullivan has said.
According to the organization which describes itself as the Growth Partnership Company,…
Databank introduces first ethical investment fund in Ghana
Databank Financial Services on Friday added to its annals of investment banking, an equity fund named ARK Fund, which seeks to integrate ethical and environmental concerns into its investment decisions.
Databank is therefore the first to…
Government of Nigeria urged to stop relocation of businesses to Ghana
Nigerians are on edge over the fact that companies in the populous West African country are shutting down and relocating to Ghana.
Some of the reasons why the companies are closing shop and moving to Ghana, include the inadequate and…
South African company to build $6b oil refinery in Ghana
A South African company, New Alpha Refinery Ghana Ltd., has won a multi-billion dollar contract to build an oil refinery in Ghana. The refinery, when it is completed will be the largest in West Africa.
According to a Reuters report quoting…
Tullow Oil makes progress in Ghana oil and gas project
Tullow Oil is making progress with its oil and gas exploration project in Ghana.
The UK-based oil and gas company says the phase one of the Jubilee oil field Plan of Development has been finalized with the government of Ghana awaiting…