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Investment
Mills warns investors
President John Evans Atta Mills has said that his government will not hesitate to punish investors who take undue advantage of Ghanaians.
While promising to support foreign investors in their business endeavours, President Mills says the…
TV3 ready for Ghana Stock Exchange
One of Ghana’s private TV stations TV3 is ready to float shares on the Ghana Stock Exchange. TV3 was started in 1997 by GAMA Media.
GAMA Media is owned by Primer Media which owns 100 percent of the business.
Information reaching…
Cargill’s earnings up in second-quarter 2009
Cargill on January 13 reported net earnings of $1.19 billion in the 2009 second quarter ended Nov. 30, up 25 percent from $954 million in the same period a year ago. In the first six months, the company earned $2.68 billion, up 43 percent…
Accra bourse Index opens the week down
The GSE All-Share Index, the main measure of performance of the Exchange, slipped again in trading on Tuesday by 1.6 points to close lower at 10,422.60 points from 10,424.20 points.
The change year to date stands at -0.09 per cent.
The…
Ghana Home Loans obtains $15. 5m facility
Ghana Home Loans (GHL), a specialized mortgage provider in Ghana, and FMO, The Hague-based Dutch Development Bank announced on Monday that they have signed and partially disbursed a $15.5 million long-term facility to Ghana Home Loans.…
Australian explorer lowers Ghana gold project’s capital cost
ASX-listed Perseus Mining capital cost estimates of its Ayanfuri gold project, in Ghana, fell by 23% with the introduction of heap-leach production into the project’s feasibility projections, the gold explorer said on Monday.
The new…
Tullow says offshore Ghana well shows ‘high productivity’
Explorer Tullow Oil said today its Hyedua-2 well offshore Ghana flowed at a rate of 16,750 barrels of crude a day, confirming “good reservoir connectivity and very high productivity”.
Tests have indicated “that future production well…
$5 billion invested in mining in Ghana
More than US$5 billion have been devoted to new mining projects in Ghana in the past two decades, the President of the International Council on Mining and Metals has said.
Dr. R. Anthony Hodge, who is a leading authority on sustainable…
Oil discovery in Ghana – Is it Tullow or Kosmos?
News broke this morning, January 8, 2009 that a third discovery of oil has been made in Ghana. But in separate statements released by two companies in the oil industry, UK registered Tullow Oil and US based Kosmos Energy have claimed the…
VRA signs contract with BPLG to expand electricity network
BPL Global(R), Ltd. (BPLG), a smart grid technology company dedicated to leading the transformation of energy efficiency and reliability, announced Wednesday January 7, 2009 that it has signed a 5-year modern grid contract in partnership…