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Investment

Corporate tax incentives will most likely boost stock market

The ongoing global financial crisis is likely to result in many becoming disillusioned with the whole concept of stock market participation and development. This disillusionment is likely to come about as a result of the persistent decline in share prices. However, when one takes a closer look at what is …

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Structural Adjustment has led to conflict in mining areas – Study

A study has shown that the implementation of the World Bank/IMF led Structural Adjustment Programme (SAP) in Ghana and other African countries in the 80s and 90s has changed relationships between foreign mining companies and the communities in which they operate, often leading to conflict. The study conducted by the …

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Kosmos Energy – Ghana has three billion barrels of oil

Kosmos Energy, the oil and gas exploration company based in Dallas, Texas in the US, which is working in the oil fields of Ghana says by the second end of 2010, Ghana’s oil field, particularly, the Jubilee field would be spewing out three billion barrels of oil. This revelation was …

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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 laws of the country must guide all. He was speaking to officials of Kosmos …

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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 ghanabusinessnews.com from media and other sources indicate that TV3’s …

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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 from $1.87 billion a year ago, the Financial …

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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 only price change for the session was a loss …

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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. This facility would enable GHL to further grow its residential mortgage lending portfolio and …

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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 coarse grind flotation process route would result in material reductions to power, grinding media, cyanide, …

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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 deliverability will be in excess” of 20,000 barrels of oil a day, the company …

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