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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 stressful times trying to convince their foreign partners to remain calm, stay in the country …

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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 and government spending on roads, Bloomberg said. The benchmark …

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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 the plant in the country. The company began cultivating …

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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 terms of the contract is expected to construct small biodiesel …

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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 say the Russian power plant builder and Libya’s African Investment Portfolio have teamed up to form a …

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Do not rush passage of Aluminium Bill – Akilagpa-Sawyerr

Professor Akilagpa Sawyerr, former Chairman, Volta Aluminium Company (VALCO) Agreement Negotiation Committee, has added his voice to calls on Parliament not to rush the passage of the Aluminium Authority and Integrated Aluminium Industry Bill. In a Memorandum to Parliament, Prof. Sawyerr said he was concerned that Parliament might be rushing …

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Teachers invest in Ghana Stock Exchange

The New Juaben Municipal Teachers Savings Association has, as at June 30 this year, invested a total amount of GH¢ 338,305.64 in 12 companies listed on the Ghana Stock Exchange. The companies included Aluworks Ghana Limited, Benso Oil Palm Plantations, CAL Bank Ghana Limited, Cocoa Processing Company Limited, Ecobank Ghana …

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Ghana’s EPA gives approval for Adamus to begin mining

The Environmental Protection Agency (EPA) of Ghana has given approval to  Perth based Adamus Resources Limited, a mining company, to begin mining activities in Ghana, a press release from the company has said. Following the approval of the company’s Environmental Permit, Adamus Ltd., would commence mining at its Southern Ashanti …

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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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