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EU cuts Ghana budget support to €24m in 2012
The European Union (EU) today July 6, 2012 announced that it has disbursed a total of €24 million to the Ghana government through the country’s Multi-Donor Budget Support (MDBS) framework for the year 2012, a reduction on the €26.4 million…
FDI inflows into Ghana’s mining sector between 1983-2011 hit $6.2b – Dr Aubynn
Foreign direct investment inflows into the mining sector in Ghana between 1983 to 2011 is estimated to be $6.2 billion, according to the Chief Executive of the Ghana Chamber of Mines.
The FDIs were said to have come from production,…
Ghana’s Jubilee Phase 1A set to produce first oil 2012 fourth quarter
Ghana’s Jubilee Phase 1A development project is said to be on course and it is set to produce its first oil in the fourth quarter of 2012, field operator Tullow Oil has said.
The British oil explorer said progressing Phase 1A is going…
Jubilee oil production averages 63,100 barrels per day in 2012 first quarter
Oil produced from Ghana’s Jubilee fields during the first quarter of 2012 averaged 63,100 barrels of oil per day (bopd) at gross, lead operator Tullow Oil said today July 4, 2012 in a trading statement.
Currently, the oilfields’ output,…
Ghana’s FPSO records first class zero incidents for two-year operations at Jubilee oilfields
Ghana’s Floating Production Storage and Offloading (FPSO) vessel on June 21, 2012 reached a significant milestone by achieving two years of operations with zero Lost Time Incidents (LTIs).
Officials say the achievement was due to the…
World Bank Group invests $52.6b in developing countries in 2012 fiscal year
The World Bank Group committed $52.6 billion in loans, grants, equity investments, and guarantees in developing countries during fiscal year 2012, which ended June 30, 2012.
The investments were to help promote economic growth, overcome…
US Embassy issues record 12,000 visas to Ghanaians in 2011
Over 12,000 Ghanaians were issued with visas to travel to the United States of America, (USA), either for business or education in 2011, the US embassy in Ghana has disclosed.
Making the disclosure yesterday in Accra on the premises of the…
US confident of peaceful elections in Ghana – Teitelbaum
The United States of America’s (USA) Ambassador to Ghana, H.E. Donald Teitelbaum, has expressed his country’s confidence in the peaceful and democratic conduct of Ghana’s December 2012 elections.
Ambassador Teitelbaum, whose four-year…
US-Ghana bilateral trade slips to $556m first four months of 2012 compared to 2011 period
Bilateral trade between Ghana and the US recorded a volume of $556,396,000 from January to April 2012, latest figures released by the International Trade Commission (ITC) of the US Department of Commerce has shown.
US exports to Ghana…
IFC to invest $300m in Ghana in 2012
The International Finance Corporation (IFC), a member of the World Bank Group which works with the private sector, says it intends to invest between $250 million to $300 million in Ghana in fiscal year 2012.
In September 2011, the IFC…