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Investment
Tullow shares go higher on Ghana field news
Shares in Tullow Oil gain 3.5 percent, making the UK-based oil explorer the top gainer in the FTSE 100 as it and U.S. producer Anadarko Petroleum make new discoveries around their Jubilee field in Ghana.
Tullow said in a statement its…
Kosmos Energy makes third oil discovery in Ghana
Kosmos Energy has announced today, January 8, 2009 that the company has successfully appraised Jubilee Field-age reservoirs and made its third major oil discovery on the West Cape Three Points Block in Ghana.
In a statement announcing the…
Take advantage of ECOWAS – Investment Consultant
The President of the Ghanaian-German Economic Association (GGEA), Mr Stephen Antwi, has urged the country to take advantage of the West African market to grow local businesses.
An ardent believer in regional markets and blocs, Mr Anwti, a…
Ecobank rights issue in 2009
Ecobank Ghana Limited is expected to commence its rights issue this year. The bank, earlier last year, sought a special resolution from its shareholders to authorize the directors to increase by GH¢100 million, its current stated capital.…
Investing in ships doesn’t guarantee good returns
Not all maritime nations, Kenya included, may invest in ships because of economic reasons. They may not see shipping in the context of business and may decide to invest in shipping and own a national fleet as an arm of nationalistic and…
Ghana Elections: Nail-biting polls keep investors on edge
The stalemate in Ghana’s presidential elections is causing some anxiety among the investor community, according to a report carried by the Daily Graphic, Ghana’s leading newspaper.
The newspaper says local business owners are going through…
Summary of stocks in Ghana and around the world
GHANA: Only three of the major indexes tracked by Bloomberg showed positive gains with Ghana's All-Share index leading the pack rising 6o per cent, according to the news agency. The rise in the index was sparked by an offshore oil discovery…
Gold Star to cultivate five million acres of land for biofuels in Ghana
Gold Star Biofuels a subsidiary of Gold Star Farms Ltd., is cultivating five million acres of land in Ghana to plant jatropha for the production of biofuels for export.
According to the firm it has secured commitment from farmers to grow…
Ghana based biofuels firm signs contract with Energy Partners of Chile
US owned Ghana based biofuels company Gold Star Biofuels has signed a contract with Chile firm Energy Partners Chile Ltd (EPC), to produce biofuel for the Chilean company, a press release from EPC has said.
Gold Star Biofuels by the…
Ghana to get power plant from Libya, Russia
Ghana is among some developing countries that will soon get a power plant to augment their power supply needs.
Reports reaching ghanabusinessnews.com indicate that Russian state-owned Technopromexport has announced in Moscow. The reports…