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Thursday 23 May 2013

2013-05-19

[B] Fiaseman Rural bank declares 1,828,387.00 cedis as net profit
[B] EDAIF can boost agricultural productivity to GDP- Board Member

2013-05-13

[B] Gov't pins hopes on capital market

2013-05-10

[B] NIC to get tough on uninsured commercial property owners

2013-05-08

[B] MTN commands 65% of data market in Ghana

2013-05-06

[B] Effutu To Get Oil Refinery

2013-05-01

[B] Prestea Comes Alive…As Underground Mines Open

2013-04-20

[B] UT Bank launches Bank on Wheels

2013-04-15

[B] Remove fuel subsidies now - IMF tells Gov't  

2013-04-12

[B] Market premium not negotiable - White Paper

2013-04-09

[B] Offshore oil discovery affecting maritime security dynamics - Navy

2013-04-08

[B] Inflation will return to single digit by June – BoG
[B] Local airlines resume full capacity operations to Kumasi

2013-04-07

[B] Mining sector gives Ghana US$2 billion annually

2013-04-05

[B] Ghana to mine diamond in Zimbabwe

2013-04-04

[B] PEF now Private Enterprise Federation
[B] Tullow Oil downplays worries over possible damages to wells   

2013-03-28

[B] World Bank provides support for developmental gov’t programmes
[B] Sea water to be purified for Takoradi residents   

2013-03-22

[B] Tullow Oil apologizes to Ugandan President over false allegations
[B] GNAT bank can compete – Banking Consultant  
[B] Improving energy capacity is a must - Hannah Tetteh   

2013-03-21

[B] Barclays Bank Ghana MD resigns
[B] Tullow signs 5-year deal with FMC Technologies

2013-03-12

[B] 9% deficit reduction is not ambitious – Dr. Kwakye
[B] Access Bank temporarily closes Ring Road

2013-02-28

[B] 2013 Budget to be presented to parliament on March 5
[B] Employers Association decries high cost and access to credit
[B] Statement: GGBL launches new true Ghanaian beer, Ruut Extra

2013-02-27

[B] Gov’t is scheming to sell TOR - Minority  

2013-02-26

[B] Credit Union Bill anticipated to be passed this year
[B] British Airways is very committed to Ghana - James Wooldridge
[B] Lufthansa awarded 5-Star rating for its First Class product
[B] TOR boss, Energy Minister, make contradictory statements on TOR debt

2013-02-25

[B] Retrieve redundant radio frequency licences Communications Minister tells NCA
[B] Ghana must ensure transparency in management of oil revenue - Okonjo-Iweala

2013-02-20

[B] Menergy International Unhappy

2013-02-18

[B] Trade records $4.2 billion deficit  
[B] Single Spine, Cedi shock economy
[B] EuroStar Global Limousine unveils top range luxury Limosines for rental services
... go Back
 
Business

[ 2012-05-29 ]

TOR targets listing on Ghana Stock Exchange
State refinery, Tema Oil Refinery (TOR) is
considering listing on the Ghana Stock Exchange by
2014.

The move is part of management’s strategy to
privatize the firm and make it more profitable.

The plan must however be approved by government
which currently wholly owns the refinery.

Managing Director, Ato Ampia however tells Joy
Business there are still some issues that need to
be addressed, before they go public.

“The first thing to do is that TOR show the path
to progress that adds value and that would boost
investor confidence. After we have done these
little these, little but are so much valued, that
will boost the value of TOR’s shares at IPO and
make sure that government get as much as possible.
We want to do it but the timing is when TOR has
its image right, has its plan right and its
operations right.”

The refinery says it needs about 900 million
dollars to turn around its fortunes.

TOR will then join other state institutions like
Ghana Commercial Bank, Cocoa Processing Company
and Ghana Oil which have been privatized in
similar manner.

State power generator, Volta River Authority is
also looking at the option of listing on stock
market.





Source - Joy News


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