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Investment

VRA signs contract with BPLG to expand electricity network

BPL Global(R), Ltd. (BPLG), a smart grid technology company dedicated to leading the transformation of energy efficiency and reliability, announced Wednesday January 7, 2009 that it has signed a 5-year modern grid contract in partnership with BPL Africa, with Ghana’s national utility, Volta River Authority (VRA). The agreement implements smart …

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Tullow shares go higher on Ghana field news

Shares in Tullow Oil gain 3.5 percent, making the UK-based oil explorer the top gainer in the FTSE 100 as it and U.S. producer Anadarko Petroleum make new discoveries around their Jubilee field in Ghana. Tullow said in a statement its Mahogany-3 appraisal well in the West Cape Three Points …

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Kosmos Energy makes third oil discovery in Ghana

Kosmos Energy has announced today, January 8, 2009 that the company has successfully appraised Jubilee Field-age reservoirs and made its third major oil discovery on the West Cape Three Points Block in Ghana. In a statement announcing the developments which ghanabusinessnews.com has accessed the oil exploring company said the results …

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Take advantage of ECOWAS – Investment Consultant

The President of the Ghanaian-German Economic Association (GGEA), Mr Stephen Antwi, has urged the country to take advantage of the West African market to grow local businesses. An ardent believer in regional markets and blocs, Mr Anwti, a management and investment consultant, said in an interview that from 2009 onwards …

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Ecobank rights issue in 2009

Ecobank Ghana Limited is expected to commence its rights issue this year. The bank, earlier last year, sought a special resolution from its shareholders to authorize the directors to increase by GH¢100 million, its current stated capital. The bank sought the authorization by special resolution to amend regulating 7 of …

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Investing in ships doesn’t guarantee good returns

Not all maritime nations, Kenya included, may invest in ships because of economic reasons. They may not see shipping in the context of business and may decide to invest in shipping and own a national fleet as an arm of nationalistic and expansionistic regime. Others may even do so for …

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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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