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Vol 45 No 3

Published 4th February 2004


Ghana

Kaiser's bill

It's election year and President John Kufuor wants to make the struggling economy look good. He promised his party's wealthy patrons a golden age for business; so far, mostly foreigners have benefited. Ghana's world-class company Ashanti Goldfields has been taken over by South Africa's Anglo American, while some big foreign concerns such as Guinness and Australia's Newmont Mining have made heavy investments. Now, Kufuor seems to have been offered the chance to buy the Volta Aluminium Company (Valco) from its bankrupt owners.

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