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  • Government to invest in infrastructure projects

    October 2, 2017 11:52 AM 2

    Accra, Oct. 2, GNA – Mr Ken Ofori-Atta, the Minister for Finance, has said government would invest in infrastructure projects that are defining, ending poverty, fight corruption and build a business friendly environment that will create jobs. “We, therefore, called on the World Bank and all development partners to direct their support to the realisation

  • A Plus saga: Unibank is back despite losses to Korle Bu

    October 1, 2017 8:04 AM 1

    Management of Korle Bu teaching Hospital has rescinded its decision to abrogate a contract with Unibank to collect revenue for the hospital. This was contained in a statement issued by the hospital and signed by the head of Public Relations Mustapha Salifu. Reasons for the rescindment were not given but it may be as a result of pressure from the government

  • Gold Fields Limited (GFI) vs. Goldcorp (GG) Head-To-Head Review

    October 1, 2017 4:53 AM 1

    Gold Fields Limited (NYSE: GFI) and Goldcorp (NYSE:GG) are both mid-cap basic materials companies, but which is the superior stock? We will contrast the two companies based on the strength of their valuation, earnings, analyst recommendations, risk, dividends, institutional ownership and profitability. Gold Fields Limited pays an annual dividend of $0.06 per share

  • Use GIP for quick and urgent payments

    September 30, 2017 6:02 PM 1

    Accra, Sept. 30, GNA - The public has been urged to turn to Ghana Interbank Payment and Settlement Systems (GhIPSS) Instant Pay (GIP) when they have to make quick or emergency payments. This was in a statement by Mr Archie Hesse, the Chief Executive Officer of GhIPSS, and copied to the Ghana News Agency in Accra. Mr Hesse said the GIP is the most efficient

  • ProShare Advisors LLC Raises Position in Vodafone Group PLC (VOD)

    September 30, 2017 12:16 PM 1

    ProShare Advisors LLC grew its stake in shares of Vodafone Group PLC (NASDAQ:VOD) by 24.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 124,374 shares of the cell phone carrier’s stock after purchasing an additional 24,211 shares during the period. ProShare Advisors LLC’s holdings in Vodafone

  • Uber has 3000 drivers in Ghana

    September 29, 2017 1:33 PM 1

    Data from ride-hailing app Uber says South Africa, Kenya and Ghana are its most lucrative markets in Africa, Kenya’s Business Daily reports. In Ghana Uber has provided employment for 3000 drivers with 140, 000 active riders. South Africa ranks first with 969,000 active riders, while Kenya in second place, has 363,000 active users. Both countries have experienced

  • NPA to revoke licences of fuel smugglers

    September 29, 2017 12:30 AM 2

    The National Petroleum Authority (NPA) has said petroleum service providers that sell products meant for export on the local market risk losing their licences, as it intends to “go hard” on the tax evasion practice. The NPA disclosed a couple of weeks ago that it had impounded 15 trucks, containing fuel supposedly meant for export to Mali but were being

  • Expresso Ghana to lose license after 2019 expiry date

    September 28, 2017 11:46 PM 1

    Adom News sources within the telecom industry have hinted that the license of Kasapa Telecom Limited, operators of Expresso telecom brand in Ghana will not be renewed after it expires in 2019. Deputy Director, Engineering at the National Communications Authority, (NCA) Edmund Yirenkyi Fianko dropped a hint on Ghana Day at the just ended ITU Telecom World

  • Yinson’s 2Q net profit up 38.5% on FPSO John Agyekum Kufuor’s contribution

    September 28, 2017 2:28 AM 2

    KUALA LUMPUR: Yinson Holdings Bhd’s quarterly net profit grew 38.5% year-on-year (y-o-y) in its second quarter ended July 31 (2Q), thanks to the chartering commencement of its floating production, storage and offloading (FPSO) vessel John Agyekum Kufuor (JAK) in Ghana under its marine business in June. Quarterly net profit rose to RM83.6 million from RM60.36 million

  • Maybank IB upgrades forecasts for Yinson

    September 28, 2017 12:58 AM 2

    KUALA LUMPUR: Maybank IB Research is upbeat on Yinson Holdings Bhd on steady earnings growth and visible tender pipeline prospects. It upgrades its FY18-20 earnings forecast by 28% to 42%, DPS by 5x to 10 sen per annum and target price to RM4.45, which represents a 28% upside. "Core net profit of MYR111m (+58% QoQ; +77% YoY) in 2QFY18 took 1HFY18 core earnings