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Vol 4 (AAC) No 1

Published 1st November 2010


Ghana

Best laid plans

Critics of President John Atta Mills’s trade deals with China are claiming that two of the biggest financing arrangements are unlikely to go ahead as planned. These are a US$5 billion bid by the Ghana National Petroleum Corporation for a stake in the Jubilee oil field and an accompanying package of $13-16 bn. in Chinese loans. Discussions on the GNPC’s bid for Kosmos Energy’s stake in the Jubilee field have continued as both sides evaluate their options and strategies.

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