Cholera outbreak declines

The recent outbreak of cholera, which hit four regions in the country, claiming about 94 lives, has subsided with Greater Accra Region still being an active site for few recorded cases. Greater Accra Region, last week recorded 103 new…

CAL Bank sees growth in deposits and loans

CAL Bank will explore a combination of options to shore up its stated capital to GH¢100 million to be able to deliver on its medium to long-term goals, Mr Frank Adu, Managing Director, said  on Tuesday. Speaking at the ‘Facts Behind the…

Oil prices rise more than $1

Oil rebounded more than $1 on Wednesday, after two straight sessions of declines, as a surprise drop in gasoline stocks allayed concerns about weaker demand ahead of the peak summer driving season. Prices were also supported by a softer…

Libyan oil minister ‘defects’

Libyan Oil Minister Shukri Ghanem has left the country, amid reports that he has defected. Tunisian officials say Mr Ghanem - a former prime minister - crossed into Tunisia by road before going to the island of Djerba. A spokesman for the…

Global oil and gas sector valued at $270b

The number of announced transactions which took place in the oil and gas sector worldwide in 2010 were valued at $270 billion, according to financial group Ernst & Young (EY). The transactions include mergers and acquisitions in the…