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    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

    Policy Rate increased by 100 basis points; now at 28%

    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

    AMA to roll out digital revenue collection system in March 2023

    We will not layoff Vodafone staff – Telecel

    Petrol to sell for GHS15 in February – IES

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

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    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

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Tullow to comply with ITLOS ruling

bycitibusinessnews
April 7, 2015
in Business, Oil And Gas, Top Stories
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Tullow oil Ghana has told Citi Business News it is ready to comply fully with the judgment of the International Tribunal on the Law of the Sea (ITLOS) in the ongoing dispute over the maritime boundary between Ghana and Cote d’Ivoire.

[contextly_sidebar id=”CsL8iqvS5c6XZzExBwLrlKGLaKFW095R”]According to Tullow it however supports wholly the position of Ghana in the court battle.

“We are supporting the government’s position entirely because we think it is the right position. We are supporting the government, collaborating with the government by way of information exchange, providing information, clarifying some of the points …we are satisfied that the government position is the right one and we support the government”, the General Manager of Tullow Ghana, Charles Darku said.

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Cote d’Ivoire is seeking an injunction on oil exploration activities by Tullow Oil in the Tweneboa-Enyenra-Ntomme (TEN) oilfields.

Ghana in defense has said the injunction if granted would mean an “irreparable damage” and “irremediable injustice” to the country.

“The court hasn’t taken a decision, as soon as it does, we will take actions in response to that decision appropriately, we will take actions to fulfill those decisions. ( But) mind you it is an arbitration between two governments , so we are working with the Ghana government, so Ghana government will then give us the appropriate instructions and we will comply”, Mr. Darku confirmed in an interview with Citi Business News.
–
By: Rabiu Alhassan/citifmonline.com/Ghana

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