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Ghana’s engagements with China is not colonialism – GHACHIFA

Ghana’s mutual engagement with China should by not be seen as China colonizing Ghana. What Ghana needs to do, is make the best of its relations with China by ensuring, that its citizens gain from of a revitalized economy in the areas of health, education and road infrastructure among others. …

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Energy Commercial Bank launches IPO to raise GH¢340m

Energy Commercial Bank on Tuesday launched its Initial Public Offering (IPO) to raise GH¢340 million from the Ghanaian investing public as the lender prepares to meet the Regulator’s new threshold for capital requirements. The offer for the subscription of over 261 million new shares at GH¢1.30 per share would run …

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Wa Community Credit Union shows strong growth – Board Chairman

Total savings of the Wa Community Co-operative Credit Union (WACCU) has hit GH¢13.7 million. Naa Bawa Seidu, the Board Chairman, said compared with last year’s figure of GH¢12.2 million, this represented a 12 per cent growth. He was addressing the 19th annual general meeting of the Credit Union in Wa. …

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Ghana government launches Public Investment Management System

Government has launched the Public Investment Management System (PIMS) to ensure effective and efficient management and delivery of infrastructure projects. The PIM system is part of the grand reform agenda of government to electronically integrate all financial management operations, and bring efficiency to government business. It aims to establish a …

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UK exploring ways to invest in Ghana’s extractive sector – UK Trade Envoy

The United Kingdom (UK) is exploring various investment opportunities in the mining sector, especially in value addition to mineral resources and the reclamation of degraded mined areas in the country. The move would enable the UK to strike partnerships with the Government  and the Business Community, which would create jobs …

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Energy Commercial Bank gets SEC approval to raise GH¢340m

Energy Commercial Bank says it has received approval from the Securities and Exchange Commission (SEC) to raise GH¢340 million in shares from the investing public. Prior to that, the Bank had received “No Objection” from the Bank of Ghana as well as the Ghana Stock Exchange to raise capital on …

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Vivo Energy and Engen Holdings firm up transaction deal

Vivo Energy has reached an agreement with Engen Holdings Limited to restructure the acquisition of Engen International Holdings (Mauritius) Limited (EIHL) by Vivo Energy’s subsidiary, Vivo Energy Investments B.V. The restructured transaction is now unconditional besides the customary closing conditions including material adverse change clauses. All required regulatory and competition authorities’ …

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Italian producer Eni is biggest foreign investor in Ghana oil sector in 2017

The oil sector in Ghana received the largest chunk of foreign direct investments in 2017 with Italian oil company, Eni being the biggest foreign investor in the country that year. Ghana became an oil producer in December 2010 three years after the country announced it had found oil in commercial …

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