Home / Investment (page 2)

Investment

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 …

Read More »

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. …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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’ …

Read More »

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 …

Read More »

Don’t patronise unlicensed investment schemes – SEC warns

The Security and Exchange Commission (SEC) Thursday cautioned the public against patronising unlicensed financial investment schemes and products, which are being marketed through various media forms, including electronic, outdoor and mass media advertising.  “Operators of these unlicensed financial investment schemes are in serious breach of various provisions of the Securities …

Read More »

There is the need to build capacity of local insurance companies – Ofori-Atta

Mr Ken Ofori-Atta, the Minister of Finance, said there was the need to build the capacity of local insurance companies to empower them to handle the risk associated with the oil and gas sector. Mr Ofori-Atta was speaking in an address read for him at the commissioning of the Serene …

Read More »

Total of $9.1b FDIs into Ghana generate 6,056 jobs in 2017 – Report

Ghana’s total foreign direct investments (FDIs) in 2017 generated 6,056 jobs across all sectors of the Ghanaian economy – this is contained in a detailed report on Ghana’s 2017 foreign direct investments emailed to ghanabusinessnews.com by the fDi Markets magazine, data service of the Financial Times. Ghana received $9.1 billion …

Read More »