The GCB Bank PLC has sought the approval of its shareholders for GH₵1 billion to meet the regulatory capital adequacy ratio requirements and strengthen access to funding markets in order to bolster confidence in the Bank. This target has been necessitated in the bid to address the impact of the Domestic Debt Exchange Program (DDEP). […]
Tag: AGM
Ghana gets over 55% fiscal take in AGM/Aker deal
The Petroleum Agreement ratified by Parliament for the South Deepwater Tano (SDWT) block gives a fiscal take to Ghana, which is substantially above the international deepwater average of approximately 55%. A statement issued by AGM Petroleum Ghana Limited (AGM) said Ghana would be the main beneficiary of the profits from any oil produced in the […]
QUAD energy to partner AGM Petroleum in its offshore operations in Ghana
Indigenous Ghanaian company QUAD Energy will partner AGM Petroleum in its oil and Gas exploration and production activities in Ghana. A statement issued by QUAD Energy and signed its Director, David Adomakoh and in the possession of BestNewsGH.com said the company was incorporated in April 2019 and has the relevant and requisite expertise and experience […]