IN THE SUPERIOR COURT OF JUDICATURE IN THE HIGH COURT OF JUSTICE ACCRA – A.D. 2010 SUIT NO………………. THE REPUBLIC VRS 1. GEORGE YAW OWUSU 2. KWAME BARWUAH-EDUSEI 3. EO GROUP LTD *COUNT ONE *STATEMENT OF OFFENCE Conspiracy to commit crime namely causing financial loss to a public body contrary to sections 23(1) and 179A(2) of the Criminal Offences Act, 1960 (Act 29). *PARTICULARS OF OFFENCE *1.... Read more

The Editor-in-Chief of the New Crusading Guide, Abdul Malik Kweku Baako, has revealed that there is no illegality in the way the Kosmos/EO Group stake in Ghana’s jubilee fields was acquired. He said the companies adhered to all substantive laws of the country in acquiring the stake in the jubilee fields, according to his investigations. Mr Baako noted that government’s investigations did... Read more

Yet another wild goose chase is underway as the Serious Fraud Office (SFO) and the Attorney General embark on investigations into alleged criminal deals involving KOSMOS and the EO Group relative to their stake in the West Cape Three Points block of Ghana’s oil field. While hints have subtly been dropped to the effect that the companies under reference are being... Read more

he cliché that oil is what turns the wheels of the global economy is not a comic strip. Oil is the lifeblood of, arguably, the single largest industry of the global economy. Chinua Achebe in his popular novel ‘Things Fall Apart’ said he who brings cola brings life. But in the global economy it can well be said that he... Read more

Right now Jerry John Rawlings the NDC founder and his hard- core faction members seem to have only one guiding principle. Everything that Attah Mills and his radical cronies do in the eyes of Jerry Rawlings and his faction members within the NDC is wrong. Even if the masses regard their policies as legitimate, they have not done anything especial... Read more

African-focused oil group Tullow Oil is “investigating the possibility” of listing on stock exchanges in Uganda and Ghana, two countries where it has significant operations. The statement from the company followed reports in the Ugandan media that the company planned a listing by April this year. The New Vision newspaper reported that Brian Glover, Tullow Oil Uganda’s operations general manager, had said... Read more

Technical installations have started on the Jubilee Oilfields at Cape Three Points to pave the way for the commercial production of oil and gas by the last quarter of this year. Consequently, a vessel – Happy River – arrived in the country last week and is expected to build sub-sea structures for the installation of a billion-dollar Floating, Production, Storage and... Read more

Between 1994 and 1996 the NDC Government under former President Rawlings embarked on a globetrotting investment promotion tour to bring the World’s attention to Investment opportunities in Ghana. This tour set the stage for massive influx of diasporans to explore investment opportunities in the country. Between 2001 and 2008 Ghana experienced a phenomenon that came to be known as reverse immigration whereby... Read more

Dear Countrymen and women, it is indeed with deep pain that I put forward this write-up not because the issues raised by the original writer are factual or makes any sense but the sinister intention behind it. We all woke up on the morning of 01/08/10 to read in the Financial Times how the functionaries of the Kuffuor Administration used... Read more

Tullow Oil, the majority stakeholder in Ghana’s Jubilee oil field, the largest oil field to be discovered in West Africa in the last 10 to 15 years is planning to list on local stock exchanges in Ghana and Uganda, the Telegraph has reported citing Ugandan media sources. According to the report, Tullow Oil has issued a statement in which its Uganda... Read more