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November 8, 2011

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Ghana bond sale tests foreign appetite in election year

LONDON (Reuters) - Foreign interest in a bond sale in Ghana this week is likely to be muted due to lingering concerns about currency volatility and nervousness ahead of elections due late this year, but local demand should ensure the auction is fully subscribed. Ghana's relative stability and developing oil industry have made it a favourite with foreign investors but currency weakness and ...

Indians keen to invest in Ghana's sugar, fertiliser industry

Accra (Ghana), Feb 22 (IANS) Indian investors are keen to invest as much as $36 million in Ghana's ailing sugar industry, Indian High Commissioner Rajinder Bhagat has said.

Ghana: Gargantuan Crimes, Hipocrisy And The Murdering

Is Our Democracy In Tatters? Hypocrisy is the most difficult and nerve-racking vice that any man can pursue. It needs an unceasing vigilance and a rare detachment of spirit. It cannot, like adultery or gluttony – be practiced at spare moments. It is a whole time job.

New oil discovered off Liberia and Sierra Leone coasts

Drillers converged on West African shores five years ago after one of the continent’s biggest oil fields was discovered off Ghana. read more

Ghana earned over $400m from oil export last year

President John Evans Atta Mills on Thursday disclosed that Ghana earned a total of $444,124,724 from the sale of Ghana Group’s oil lifting of 3,930,189 barrels of crude oil.

Ghana: Jubilee Fields Experiencing Problems, Production Target Can't Be Met

ACCRA, Ghana -(Dow Jones)- Oil and gas production activities in Ghana's Jubilee Fields, situated off-shore the country's western coast, have been hit by problems, and as a result the projected output target for this year can't be met, President John Atta Mills said Thursday.

Ghana c.bank hikes rates, cites euro zone

ACCRA (Reuters) - The Bank of Ghana's Monetary Policy Committee announced a one percentage point increase to 13.5 percent in its prime lending rate on Wednesday, the first hike in three years, citing risks from the euro zone debt crisis and currency volatility. The decision surprised some analysts who had expected tame inflation to prompt the central bank to keep rates on hold until later in the ...

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