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Investment

TWN questions sale of VALCO

One major issue that is set to take center stage on the floor of Parliament is the controversial sale of 70 per cent shares of Volta Aluminum Company (VALCO) to International Aluminum Company. Both the Constitutional and Legal Affairs Committee, and the Mines and Energy Committee of Parliament, would have …

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Ghana goes biofuel, despite global food crisis

Ghana is set to begin biofuel production very soon, despite mounting evidence of biofuels’ effects on the current global food crisis. Only recently, the government of Ghana gave approval for a Norwegian biofuels firm ScanFuel to start production early 2009. The company’s Chief Executive Officer (CEO), Thor Hesselberg said on …

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American investor takes over Ghana’s diamond mine

The Ghana Consolidated Diamonds Limited, the state own diamond mining company that has been on the divestiture list for some years now, has finally found an investor. The company is to be taken over by an American investor, the Deputy Eastern Regional Minister, Mr Ofosu Asamoah, said at a rally …

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