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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…
Ghana on borderline indicator as country ranks 112 on 2012 Failed States Index
Ghana was on the borderline on the 2012 Failed States Index (FSI) published mid-June 2012 by US magazine Foreign Policy in collaboration with non-profit research oraganisation Fund for Peace (FFP).
The 2012 edition of the Index ranked…
IFC invests $7m into Kenya’s horticulture firm Vegpro to expand Ghana operations
The International Finance Corporation (IFC) on June 15, 2012 announced an investment of $7 million to support the expansion of Vegpro Group into Ghana.
The funds will help the Kenyan firm to expand into its new Ghana market allowing…