Facebook IPO Values Company At Between $85bn And $95bn
[Translate] Facebook has set the share price for its upcoming initial public offering (IPO) at between $28 and $35 per share, valuing the company at between $85bn-$95bn (£52bn-£59bn). The IPO is set to be the largest ever for an internet firm, bigger than Google’s valuation of $23bn in 2004. IPOs are when companies list shares More...
World Bank Halves Water Use, Cuts Greenhouse Gas Emissions By 7% In Six Years
[Translate] The World Bank has reduced its global corporate environmental footprint over the past six years, the Bank said May 3, 2012 citing its Full Year 2011 Sustainability Review. Since 2006, More...
Kosmos Energy Terminates $365m Sabre Acquisition Agreement At Ghana’s Oilfields
[Translate] American oil firm Kosmos Energy on May 3, 2012 terminated the acquisition agreement to buy Sabre Oil’s 4.05% interest in the Deepwater Tano Block, offshore Ghana. The termination was More...
Bawumia Got It All Wrong… – Govt
[Translate] Dr Kwabena Duffuor, Finance & Economic Planning MinisterThe government has described as mischievous and untenable the statement of the New Patriotic Party’s running mate, Dr Mahamadu Bawumia, More...
Stanbic Bank Concludes $31m Loan To Finance Commercial Office
[Translate] Alhassan Andani, Managing Director of Stanbic Bank GhanaStanbic Bank Ghana Limited and Standard Bank of South Africa have concluded the signing of a US$31.2million Medium Term Loan Facility to partially More...
ICB Reacts To Media Speculations
[Translate] The Management of International Commercial Bank (ICB) has sought to dispel the erroneous impression that it is under some form of pressure and its clients dissatisfied with their operations following More...
Ghana’s Total Debt Up
[Translate] Ghana’s total debt increased by 10 per cent to GH¢23,608.5 million by the end of the second half of 2011. That represented 39.9 per cent of gross domestic product (GDP). The country’s domestic More...
Single-Digit Inflation Must Have Meaning For People – Bawumia
[Translate] Dr. Mahamudu BawumiaThe Vice Presidential Candidate of the New Patriotic Party (NPP) for the 2012 elections, Dr Mahamudu Bawumia, has stated that Ghana should not seek to achieve a single-digit inflation More...
Cedi Free Fall Unprecedented…Judgment Debt Is Corruption – Bawumia
[Translate] Dr. Mahamadu BawumiaThe Vice-Presidential candidate of the New Patriotic Party, Dr. Mahamadu Bawumia, yesterday took on the much-touted economic gains of the Mills administration, exposing the various More...
Remittances Through Banks In Ghana Hit $2.9b First Two Months Of 2012
[Translate] An amount of $2.9 billion passed through banks in Ghana as remittances within the first two months of 2012. According to the Bank of Ghana who disclosed this in its Monetary Policy Committee (MPC) More...
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