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Tullow Oil plans $250m investment in Ghana operations

Tullow Oil plans to spend $250 million dollars in Ghana this year to expand operations with more to come in future as the company intensifies its drilling campaign. Group Chief Executive, Paul Mcdade said the company is keen to explore further in Ghana both around its current assets and in …

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GOIL’s profit hits GH¢ 81.9m

GOIL Company Limited the nation’s foremost indigenous Oil Marketing Company consolidated profit after tax hit unprecedented GH¢ 81.9 million up by 26 per cent for the year ending December 31 2018. The company’s profit after tax hits 20 per cent per year on average in the year under review, 2018. …

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Investing in real estate is a sure way to wealth creation – Expert

Mr. William Halm, CEO of Spektra Global has said that investment in Real Estate is one of the most reliable and time-tested ways of wealth creation since real estate appreciates over time. Mr. William Halm made this assertion at the GHL Housing Fair, which was on the theme: “Creating Wealth …

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Newmont Goldcorp merger to account for 7.1% of world gold production in 2019 – GlobalData

About three weeks ago, Denver- based mining concern, Newmont Mining Corporation announced its merger deal with Goldcorp in what makes the new company the leading gold miner in the world. The merger cost Newmont $10 billion and is expected to spur similar mergers in the gold mining industry, and creates …

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Institute of Directors to establish Regional Charters to rebrand Ghana

The Institute of Directors (IoD-Ghana) has embarked on a nationwide drive to establish charters in all regions. The regional charters would fast track efforts at rebranding Ghana as a nation of choice for investors. Mr Rockson Dogbegah, President of the Institute speaking at a forum on good corporate governance by …

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Chinese Ambassador pledges to woo investments to Central Region

The Chinese Ambassador to Ghana, Mr. Shi Ting Wang has applauded Ghana for its strong economic achievements despite recent banking shortfalls. Comparatively, he noted, Ghana’s economy was doing far better than other Africa countries. The Ambassador made the observation when he paid a courtesy call on the Central Regional Minister, …

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We have invested your money prudently; bear with us – GCFM

Gold Coast Fund Management (GCFM), on Monday, said it has invested more than two billion Ghana Cedis in infrastructure and commercial projects for the GetFund, Cocobod, Road Fund, District/Municipal Assemblies and private companies. The Company is, therefore, working with ‘quiet assertiveness’ with government agencies and private sector organisations to pay …

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You invest in cryptocurrencies at your own risk – SEC cautions

The Securities and Exchange Commission (SEC) has cautioned the public and investors that they risk losing their investments in crypto currency schemes and activities because they are, unregistered, unlicensed and unregulated under the Securities Law of Ghana. A statement issued by the Commission and signed by the Director-General, the Reverend …

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All World Bank commitments to Ghana total $1.7b

The total World Bank commitments to Ghana currently total $1.731 billion with about 66 per cent disbursed. Meanwhile, the World Bank Africa Vice President, Dr Hafez Ghanem,  has expressed desire to increase support for the Bank’s funded projects in Ghana, particularly social projects that focused on poverty reduction. “We will …

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Private investors told to invest in Ghana’s climate actions

Mrs Angelina Ama Tutuah Mensah, the Environmental Communication and Head of Public Relations at the Environmental Protection Agency (EPA), has urged private investors to invest in Ghana’s national climate actions, also known as Nationally Determined Contributions (NDCs). She mentioned, especially, the NDCs that impact on the health and job creation …

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