Investment News in Ghana

Tullow Oil – 2020 Capital Markets Day
11/25/2020 - - New strategy and plan to generate c. $7 billion of operating cashflow over the next 10 years
- Plan focuses over 90% of future capital expenditure on Tullow’s West African producing assets
...
Tullow Provides Business Update - Further Cost Savings Identified
4/3/2020 - Tullow Oil plc provides this update following the successful completion of its RBL redetermination and identification of further cost savings as the company continues to adapt to the challenging exter...
AFC Provides $100M To Aker Energy’s Deep Water Offshore Oil Project
7/15/2019 - Africa Finance Corporation ("AFC"), the leading infrastructure solutions provider in Africa, announces it has financed Aker Energy A.S., a subsidiary of Aker ASA, one of the highest-quality-rated comp...
World Bank Approves $700m Guarantees for Ghana’s Energy Transformation
World Bank Approves $700m Guarantees for Ghana’s Energy Transformation 7/30/2015 - The World Bank’s Board of Directors approved a record investment of $700 million in guarantees for Ghana’s Sankofa Gas Project - a transformational project that will help address the country’s seriou...
IFC Signs MoU with VRA for Power Projects in Ghana
9/8/2014 - IFC, a member of the World Bank Group has signed a Memorandum of Understanding with the Volta River Authority (VRA), Ghana’s national power generation utility, to support private sector investment in ...
US Signs $500 Million Pact to Boost Ghana's Energy Sector
8/5/2014 - The United States will invest nearly $500 million to modernize Ghana's power sector in a bid to help it attract private sector investment and double energy access on the African continent, the State D...
Kosmos Announces 140% Reserve Replacement Ratio & 2014 Capital Program
2/3/2014 - Kosmos Energy Ltd. (Kosmos) announced an oil and gas reserve replacement ratio of 140% supported by increased oil reserves in the Jubilee field. Additionally, the company reported a 2014 capital spend...
Ghana Expects at Least $20 Billion in Oil Investment
1/21/2014 - Ghana expects at least $20 billion of investment in its booming oil industry over the next five years, mainly from foreign companies, the head of the state-owned Ghana National Petroleum Corporation (...
Ghana to Receive One Billion Dollar Loan from Brazil
11/6/2013 - President John Dramani Mahama said Ghana would soon receive a one billion dollar loan facility from the Brazilian government to undertake projects in energy, agriculture and other development projects...
Tullow CEO Sees Uganda Oil Plan MOU Agreed in Next Weeks
5/8/2013 - U.K.-listed oil explorer Tullow Oil PLC is weeks away from an agreement with the Ugandan government on the final outline of a plan paving the way for investments of some $12 billion to develop the cou...
Kosmos Energy Announces 2012 Capital Program
3/1/2012 - Kosmos Energy announced its 2012 organic capital program, which totals approximately $600 million. Exploration and appraisal activities represent approximately 55 percent of the amount, with developme...
Lonrho Plans a Billion Investment in Ghana
2/8/2012 - Lonrho Plc (LAF) will invest $1 billion to build ports that will service oil rigs in Ghana’s Western Region, a company official said. “We anticipate spending $10 million for feasibility studies for th...
Kosmos Energy to List in Ghana by End of Year
9/7/2011 - Kosmos Energy , which plans to list in Ghana to raise some $50 million for development in the West African country, is on track to join the bourse by the end of the year, Ghana's capital markets regul...
Ghana to Borrow $800 Mln from China to Develop Gas
8/12/2011 - Ghana will borrow $800 million from the state-owned China Development Bank to develop its natural gas infrastructure and the first gas could be expected by the end of 2012 or early 2013, the head of t...
First Day of Trading on the Ghana Stock Exchange
7/27/2011 - Further to the announcement made on 21 July 2011, Tullow Oil plc confirms that 3,531,546 ordinary shares of 10p each in the capital of Tullow have been admitted to the official list of the UK Listing ...
Successful Tullow Share Offer on Ghana Stock Exchange
7/22/2011 - Tullow Oil plc is pleased to announce that it has allotted 3,531,546 ordinary shares of 10p each in the capital of Tullow (Shares), which rank pari passu with the existing Shares in issue, pursuant to...
Ghana Signs $13 Billion Loan Deals
9/23/2010 - Ghana signed nearly $13 billion worth of loan deals with Chinese investors, the government said on Wednesday, announcing one of China's largest financial commitments in Africa to date. The accords, si...
Kosmos Pushes 09 Capital Raise to More Than $1 bn
1/13/2010 - Kosmos Energy announces that the company’s 2009 capital raise exceeded US$1 billion. The amount includes US$825 million in project finance debt facilities committed by international financial and bank...

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