Browsing all posts in Business.

Kosmos withholds Jubilee sale, goes into drilling

Kosmos Energy has withheld the sale of its 30 percent stake in Jubilee Oilfield. For the first time in its history the energy firm is venturing into the drilling of oil after so many years of exclusively exploring the commodity, sources close to the company have disclosed to BUSINESS GUIDE. This has been accentuated by [...]

Ghana records maritime trade deficit of 1,437,688 metric tons

Ghana recorded a maritime trade deficit of 1,437,688 metric tons in the third quarter of 2009. The Ghana Shippers Authority’s quarterly journal copied to the Ghana News Agency on Thursday said maritime export and import trades accounted for 755,264 and 2,192,952 metric tons for period. The export volume recorded, however, showed 8.0 per cent increase [...]

No locally grown rice in Koforidua

Despite the efforts being made to encourage Ghanaians to consume locally produced rice it is not easy to find one at the Koforidua market. Out of over 20 shops surveyed by the Ghana News Agency (GNA), in the central part of the New Juaben Municipality, only one shop located in an obscure corner behind the [...]

Government won’t prescribe market design on energy sector

Dr Joe Oteng-Adjei, the Minister of Energy, has assured stakeholders in the energy sector that government would neither prescribe any particular market design nor impose a preferred structure for the sector. Dr Oteng-Adjei said this in Tema when he visited the head office of the Ghana Grid Company Limited (GRIDCo) on Wednesday. He said stakeholders [...]

Govt Plans Sea Port, Railways to Aid Oil Industry

Ghana will build a deep sea port and rehabilitate its railways as the West African nation prepares for production in its oil sector, President John Atta Mills told lawmakers. Oil revenue will “change the country’s economic paradigm” as it develops infrastructure and other industries, Mills said today in his State of the Nation speech to [...]