Business

Ghana Govt, Kosmos Move Closer To Deal

The desire and interest of the Government of Ghana to acquire shares being offloaded by KOSMOS energy in the Jubilee Oil Fields in the Western Region, received a boost yesterday when the President, Professor John Evans Atta Mills interacted with a high-powered delegation from the oil exploration and drilling company at the Castle

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Ghana Not In Haste To Join OPEC

Ghana is not in haste to become a member of the Organisation of Petroleum Exporting Countries (OPEC) as it starts oil production soon, Edward Bawa, a spokesman for the Minister for Energy, has said. “The priority of the government now is to ensure the production of the crude in commercial quantities,” he told the Times in an interview

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Cocoa production In C/R Declines

Cocoa Production in the Central Region declined from 62,000 metric tones in 2007/2008 to 56,000 metric tones in 2008/2009. Mr Ebenezer Opoku-Agyeman, Regional Manager of the Quality Control Company Limited, who made this known when he interacted with workers of the Company at Agona Swedru, attributed the decline partly to erratic weather

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Pres. Mills to sign $273 million loan from China

President John Evans Atta Mills is expected to sign a 273 million dollar loan agreement with the EXIM Bank of China when he pays a state visit to the republic of China in the latter part of September 2010. The agreement which is being facilitated by the government of China will see to the construction of the Kpong Water Project to provide 40 million gallons of water for those living in that environs

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Ghana hits cocoa production target

Ghana, the world's second largest cocoa grower, could reach its target of producing one million tonnes of the main ingredient in chocolate next season, a year ahead of schedule, a senior government official has said. Yaw Effah-Baafi, Deputy Minister for Food and Agriculture (Crops), said the West African country expects to produce around 850,000 tonnes of cocoa this season though much of it will remain off the books due to smuggling

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India pitches for stake in Ghana’s energy sector

India has sought a greater role in Ghana’s energy sector, pitching for more tie-ups between ONGC Videsh (OVL), the overseas exploratory and acquisition arm of the state-run upstream major, and oil companies of the African nation. Commerce and industry minister Anand Sharma, who visited Ghana as part of India’s “Focus Africa” policy, discussed this in his talks with Ghanaian President John Evans Atta Mills and ministers

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Nigeria and China Building Huge Free Trade Zone in Lagos

China and Nigeria are building one of Africa's largest free trade zones in the commercial capital, Lagos. Chinese companies will use the facility to manufacture goods for export throughout Africa. On the tip of the Lekki Peninsula in Lagos, Nigeria and China are building a 16,000 hectare free trade zone to develop local manufacturing and reduce Nigeria's dependence on imported consumer goods

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Apple releases New iPod Music Player

Portable music players have been getting smaller and more sophisticated, a trend started in part by Apple's popular iPods. Now, Apple is hoping to spark new sales around the world with its next generation of players which it says are even smaller, better and more connected than ever before

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