Investment

The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, fell 1.08 points to close at 1,079.09 points from 1,080.17 points. The year-to-date now stands at 17.91 per cent. The GSE-Financial Stocks…

Shareholders of Gold Fields Limited on June 20, 2011 approved the company’s decision to buy the 18.9% stake in the Tarkwa and Damang gold mines in Ghana for $667 million. The mines are owned by IAMGOLD Corporation. “Of the 603 million…

The Office of the Vice President on Monday explained that the US Agency for International Development (USAID) commitment to the Savanna Accelerated Development Authority (SADA) amounted to $60 million and would focus on the development of…

Canadian-based gold mining firm, Pelangio says it has acquired a 100% interest in the 290 km2 Obuasi Property in Ghana. The company said it recently completed the final payment totaling $750,000 under the option agreements in respect of…

The management of Kasapreko Company Limited (KCL), one of Ghana’s beverage producers has indicated its intention to build a factory in Nigeria. The company says it will invest an initial $50 million in the first phase of the production…

The World Bank’s Board of Executive Directors has approved a $20 million loan for Ghana under the Regional Trade Facilitation Project. The funds will be used to facilitate investments and trade flows led by the private and public sectors in…

The Ghana Trade and Investment Gateway Project (GTIGP) has recorded over 3000 projects valued at $12.6 billion in the last ten years from 1999 to 2009, the World Bank discloses. According to the World Bank, the GTIGP, which has created…

The Ghana Investment Promotions Centre (GIPC), on Tuesday launched the 2011 edition of its flagship seminar “Invest in Ghana” and the 2010 edition of Ghana Club 100 awards. The seminar, to be held on the theme: “The Role of Local Investor…

Vodafone Ghana, a unit of UK’s Vodafone Plc, has secured a $115 million loan from the International Finance Corporation (IFC), the Reuters News Agency reports. According to the report today June 13, 2011, the loan is expected to arrive in…

Edgewater Exploration Limited, a Canadian-based small cap mining company, has announced a non-brokered private placement financing of $7.5 million to develop its gold projects in Ghana and Spain. According to Edgewater, the non-brokered…