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Investment
World Bank punishes corruption
The World Bank has issued strong signals to institutions and businesses that it would not tolerate corruption in.
The Bank has therefore, taken strong actions against seven firms and an individual for engaging in what it calls “collusive…
Tullow seeks fresh debt in $2 billion refinancing
Tullow Oil Plc, the U.K. explorer seeking funds for projects in Ghana and Uganda, is selling shares and negotiating to increase a borrowing facility to $2 billion.
The company is in talks with banks to add about $600 million to an existing…
Tullow shares fall on rumours of share placing
Shares in Tullow Oil fell over 5 percent in late afternoon trade, as dealers noted vague talk the explorer could launch a share placing on Wednesday.
Tullow Oil will issue a trading statement and operational update on Wednesday, and…
Tullow waves Ghana as it taps banks for more money
Tullow Oil has confirmed strong oil flows from its deepwater Jubilee discoveryoffshore Ghana. The announcement Monday of successful appraisal at the Hyedua-2 well on the Jubilee field comes as the UK independent is locked in talks with…
Epack fund hits GH¢108m
Total funds in Epack's investment portfolio, a mutual fund managed by Databank Group, reached GH¢108.63 million in June last year.
The figure represents an increase of 91.13 percent from its level in the same period in 2007.
The fund's…
Tullow goes to IFC for $115m loan to invest in Ghana
Information reaching ghanabusinessnews.com indicate that Tullow Oil has gone to the International Finance Corporation (IFC) for $115 million in corporate debt to back the Jubilee field development in Ghana.
Attempts by…
Ghana Stock Exchange starts year on the low
Market activities on the Ghana Stock Exchange (GSE) continued at its low pace throughout the week, enduring the bearish trend that has characterized the market from the beginning of the year.
SG-SSB, GOIL and SIC racked up the list of…
Corporate tax incentives will most likely boost stock market
The ongoing global financial crisis is likely to result in many becoming disillusioned with the whole concept of stock market participation and development. This disillusionment is likely to come about as a result of the persistent decline…
Structural Adjustment has led to conflict in mining areas – Study
A study has shown that the implementation of the World Bank/IMF led Structural Adjustment Programme (SAP) in Ghana and other African countries in the 80s and 90s has changed relationships between foreign mining companies and the communities…
Kosmos Energy – Ghana has three billion barrels of oil
Kosmos Energy, the oil and gas exploration company based in Dallas, Texas in the US, which is working in the oil fields of Ghana says by the second end of 2010, Ghana’s oil field, particularly, the Jubilee field would be spewing out three…