Latest News for: Ghana leasing


University of Ghana wins $165 million judgement debt case

Joy Online 17 Aug 2022
A United States of America District Court has turned down a request to compel the University of Ghana (UG) to pay ACE American Insurance Company an amount of $165,000,000 ... The project is a public-private partnership agreement UG entered into with CPA Ghana in 2015 ... of Ghana”.

Ada Traditional Council bans Radio Ada from covering 2022 Asafotufiami Festival

Joy Online 09 Aug 2022
“I’ll attribute this to the Songhor lease that has been given to Dr ... Protests against Songhor lease agreement ... The indigenes who lay claim to Songhor lagoon embarked on a series of demonstrations to protest the mining lease granted to Electrochem Ghana Limited to mine salt in the area.

KOANS urged to stay away from Akyem lands

Ghana News Agency 28 Jul 2022
Kofi Anokye, managing director of KOANS Building Solutions, to present a receipt for lands leased to the Ghana Institute of Management and Public Administration (GIMPA) ... and illegal acquisition and leasing.

Golden Tulip Hotels not sold—GLAHCO 

Ghana News Agency 04 Jul 2022
Rather, the hospitality company, a joint venture between the Government of Ghana and Libya, has been leased for 12 years to Achour Holdings - operators of Grand Lancaster chain of hotels. The Government of Ghana holds a 40 per cent stake in the Golden Tulip brand, with 60 per cent majority stake being held by the Libyan Government.

Golden Tulip lease: There’ll be no job cuts – Management

Joy Online 04 Jul 2022
The Ghana Libyan-Arab Holding Company (GLAHCO) says no employee of Lancaster Hotel, formerly Golden Tulip Hotel will lose his/her job and livelihood, following the leasing of the hotel for 12 years to Achour Holdings, operators of Grand Lancaster chain of hotels ... lease start date.

Golden Tulip now Lancaster Hotel

Joy Online 01 Jul 2022
This is due to the leasing of the franchise by the joint owners, the Government of Ghana and the Government of Libya (GLAHCO) to some Lebanese investors ... It’s unclear whether the Ghana Libyan Arab Holding Company Limited has completely sold its stake to the Lebanese company.

Golden Tulip now Lancaster Hotel after government leases its 40% shares

Joy Online 01 Jul 2022
According to documents in the possession of Joy Business, the Golden Tulip Hotels in Accra and Kumasi, owned by a joint venture between the Government of Ghana and the Government of Libya (GLAHCO), have been leased to a Lebanese company. It’s unclear whether the Ghana Libyan Arab ...

TOR partners private investor to revamp operations

Business Ghana 26 Jun 2022
The Government of Ghana, through the Ministry of Energy, has given TOR the go-ahead to negotiate a lease agreement to refine crude oil with a private investor, Decimal Capital Ltd., whose proposal emerged as the most appropriate to meet the needs of the Refinery among the host of proposals that were presented.

AngloGold Ashanti cannot release any portion of land within its mining lease to third parties ...

Joy Online 23 Jun 2022
AngloGold Ashanti Ghana (AGAG) says it does not have the power to release any portion of land which falls within its mining lease to third parties ... It further stated that the only party capable of granting the group a mining lease is the Minister of Lands and Natural Resources as they (AGAG) doing so would be in contravention of the laws of Ghana.

State could lose billions collaterilising mineral royalties – CSOs

B & FT Online 19 May 2022
The implication is that any additional discoveries of gold on these leases, something that is all but assured given recent trends, ... Meanwhile, Ghana has exported gold exceeding US$6billion per year in the last few years, with the bulk of the trackable gold coming from these leases.

Return Agyapa Deal to Parliament

Ghana News Agency 18 May 2022
Giving a background to the transaction, Mr Bentil said the Government intended to sell 49 per cent of the country’s future receipts of untied royalties from 48 mining leases covering the best gold acreages in Ghana for a paltry sum under the deal. He argued that Ghana, had in the ...

Golden Tulip Hotels not sold — Majority shareholder

Graphic 18 May 2022
This is according to the Ghana Libyan-Arab Holding Company (GLAHCO), majority shareholder ... “Through this review process the leasing option was selected and in line with general procurement processes, companies were invited to present proposals for lease of the Golden Tulip Hotels ... Terms of lease.

Sanction Bulgarian Embassy land private developer - Sole Inquirer

Graphic 17 May 2022
In 1977, the Government of Ghana granted a lease of 3.235 acres for a term of 99 years commencing 1st April 1974 to Mr ... Subsequently, there were short term leases of two (2) and four (4) years totalling eleven (11) years which was to expire in January, 1990 ... Leighton of their decision declaring the 50-year sub-lease void ... Leighton lease to Dr.

‘We should be building buffers rather than spending future receivables’ – John Jinapor on revival ...

Joy Online 13 May 2022
On August 14, 2020, Parliament approved the Agyapa Minerals Royalties Investment Agreement and four related documents to monetise Ghana’s future gold royalties. Under the agreement, Agyapa Mineral Royalties Limited was incorporated in Jersey near the UK to receive and manage royalties from 16 gold mining leases over the next 15 years or so.

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Indonesian President Joko Widodo gestures as he delivers his annual State of the Nation Address ahead of the country's Independence Day, at the parliament building in Jakarta, Indonesia, Tuesday, Aug. 16, 2022.
Bagus Indahono/Pool Photo via AP