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Ghana vows measures against piracy threat to oil, gas industry
TAKORADI, Ghana, March 22 — Ghanaian Minister for the Interior Kwesi Ahwoi on Friday vowed to step up protection of oil and gas exploration off Cape-Three-Points of the Western Region from piracy and other forms of maritime security threat. The minister was speaking at the official sod-cutting ceremony for the…
Ghana: Petroleum Exploration and Production Bill soon for Parliament
The draft Petroleum (Exploration and Production) Bill is expected to be laid before Parliament by the end of the second quarter of this year. According to the 2012 Annual Report on Petroleum Funds, the Bill has been developed and is currently undergoing stakeholder consultations. It said since the Jubilee discovery…
Ghana: Mahama makes first ministerial appointments – Seth Terkper new Finance Minister
Five days after his inauguration as the fourth president of Ghana’s Fourth Republic, President John Dramani Mahama has made his first batch of ministerial appointments. The list of nominees was submitted to Parliament on Friday for vetting and approval.Former Deputy Minister for Finance, Seth Terkper named as the substantive…
President John Mahama’s inaugural address (text)
INAUGURAL ADDRESS BY PRESIDENT JOHN DRAMANI MAHAMA ON THE OCCASION OF HIS SWEARING-IN AS PRESIDENT OF THE REPUBLIC OF GHANA Rt. Hon. Speaker of Parliament, His Excellency the Vice President, Her Ladyship the Chief Justice, Your Excellencies our dear former Presidents, Your Excellencies Visiting Heads of State and Heads of…
Ghana oil revenue hits US$ 340 million
Accra, Dec 7: Ghana’s petroleum revenue accruing to the state this year has hit USD340 million following the announcement of a third quarter receipt of USD64.91 million. The third quarter receipt, published by the Ministry of Finance and Economic Planning (MOFEP), plus USD236.76 million of petroleum revenue released for the…
Kenya, Ghana tussle for more clout at Shelter Afrique
By Moses Michira, Business Daily, Kenya has set aside Sh1 billion ($12 million) to defend its stake as the largest shareholder of Shelter Afrique, the pan-African housing company, after a capital injection by oil-rich Ghana put its position at risk. The planned investment will allow Kenya to raise its stake to…
