Archive for May, 2011
Posted by Contributor on May 11, 2011 at 11:08 am in Business, Other Top Stories
The Management of Western Steel and Forgings Limited (WSFL), on Monday assured striking workers of the corporate entity that their salaries would be paid on Friday, May 13. Nana Ofosua Tamakloe, Corporate Affairs Director, said the Company was also committed to ensure that the workers who were affected by the series of industrial accidents received [...]
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Posted by Contributor on at 11:07 am in Other Top Stories
Kosmos Energy, one of the oil producers working on Ghana’s Jubilee oil field has indicated that it will make available an amount of $400 million to fund its activities in the oil fields in Ghana. Using its estimated net proceeds of approximately $550.2 million from its public offering sale of 30,000,000 common shares, Kosmos said [...]
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Posted by Contributor on at 10:00 am in Business, Other Top Stories
Kosmos Energy Ltd. in a press release reports that the company has priced its initial public offering of 33 million common shares at $18.00 per share. The common shares will begin trading on the New York Stock Exchange on May 11, 2011, under the ticker symbol “KOS.” The underwriters have the option to purchase from [...]
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Posted by Contributor on May 10, 2011 at 6:15 pm in Feature Articles, Top Story
For too long we have been told by some leading members of the Convention People’s Party about ‘us’ and ‘them.’ It is tear-jerking that each time our party is going into an election we see a new slate of arguments telling us that ‘they’ are the problem, not ‘us’ because they have brought in new [...]
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Posted by Contributor on at 3:48 pm in Business, Stock Market
(Bloomberg) — The Ghana Stock Exchange Composite Index gained for the tenth day, rising 1.1 percent at 1,160.40 as of the 3 p.m. close of trading in Accra, matching the longest winning streak since Jan. 31. Kenya’s All-Share Index snapped five days of gains, falling 0.2 percent to 76.59 by the 3 p.m. close in [...]
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Posted by Contributor on at 3:47 pm in Other Top Stories
(Bloomberg) — Ghana, the world’s second-biggest cocoa producer, expects its 2010-11 main-crop harvest to reach 860,000 metric tons, 1.2 percent higher than an earlier projection, said Yaw Adu-Ampomah, deputy chief executive officer of the Ghana Cocoa Board. Purchases in the 30 weeks of the season to April 28 were 822,000 tons, he said by phone [...]
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Posted by Contributor on at 10:06 am in Other Top Stories
credit: Kingsley Ighomwenghian With the conclusion of elections and a consensus of various stakeholders on the need for government at all levels to focus on fixing decaying infrastructure, chief executive of Stanbic IBTC Bank, Mrs. Sola David-Borha, at the weekend noted the need to attract the much needed foreign direct investment into the country. With [...]
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Posted by Contributor on at 9:47 am in Other Top Stories
credit: Claire Ngozo Least Developed Countries do not need charity; they want more and smarter investments. This is the point of departure for the Fourth U.N. Conference for the world’s poor countries (LDC-IV) begins in Istanbul, Turkey. Up to 8,000 delegates, including the leaders of the world’s 48 least developed countries (LDCs), international aid agencies [...]
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