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Investment
Government to provide GH¢200m for SADA to finance its investment budget
The government has given the strongest indication yet of its commitment to fulfil a campaign pledge to provide GH¢200 million for the work of the Savannah Accelerated Development Authority (SADA).
According to Vice-President John Dramani…
Tullow Oil launches “Invest in Africa” Initiative to woo investors
Tullow Oil, Africa focused oil company, on Tuesday launched a new business initiative aimed at attracting and facilitating further investment on the continent.
Dubbed, ‘Invest in Africa’, the initiative aims to encourage long-term…
Tullow Oil says 45% of $2b planned investment for exploration, appraisal
Tullow Oil Plc says it is allocating 45% of its 2012 global investment funds for exploration and appraisal activities. The oil producer has forecast to spend $2 billion in the year 2012.
The British firm’s 2011 capital expenditure amounted…
AfDB says $1b bond deal makes successful showing
The African Development Bank (AfDB) on January 11, 2012 successfully issued a $1 billion, five-year bond as well as order books totalling $1.2 billion from 43 investors.
According to the AfDB, the order book was well diversified…
IFC to issue over $1b local currency bonds in Ghana, other African markets
The World Bank Group’s International Finance Corporation (IFC) says January 18, 2012 it has obtained approval from Ghana and the eight member countries of the West African Monetary Union to establish local currency bond programmes to…
Ghana launches Investment Monitoring Platform
Mr P.V. Obeng, Chairman of National Development Planning Commission (NDPC) on Wednesday called on investment promotion agencies to train their staff to meet international standards in their service delivery.
He tasked them to operate like…
Ghana Stock Exchange Index rises first time in three sessions
The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, rose for the first time in three sessions up 4.71 points on Wednesday to close at 975.42 points from 970.71 points.
The year-to-date now…
Ghana Stock Exchange Index falls on ETI, UT Bank Loss
The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, fell 7.77 points on Tuesday to close at 970.71 from 978.48 points.
The year-to-date now stands at 0.17 per cent.
The GSE-Financial Stocks…
Ghanaian-British tailor Ozwald Boateng plans £150m global expansion
Ghanaian-British fashion designer, Ozwald Boateng, is planning a £150 million worldwide expansion of his business by 2016.
The investment will see Mr Boateng opening as many as 100 stores of his brand across the world with each store…
Ghana Stock Exchange closes session flat
The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, closes Wednesday session flat at 967.01 points same as on Friday December 23.
The year-to-date loss still stands at 3.30 per cent.
The…