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Press Release: DI Raises Redflag on $1.5B STX Korean Credit Plus Oil Deal from Equitorial Guinea

Press Release: DI Raises Redflag on $1.5B STX Korean Credit Plus Oil Deal from Equitorial Guinea

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Written by danquahinstitute.org Wednesday, 12 May 2010 10:13

In the last five months alone, President J E A Mills has made two 3-day official trips to Equatorial Guinea and has on both occasions returned to Ghana with news of striking significantly different crude oil deals with his Equatorial Guinean counterpart, President Theodore Nguema Mbasogo.

The Danquah Institute is also extremely disturbed by moves by the Government of Ghana to rescue a Korean company that is US$6.3 billion in debt, whilst thousands of Ghanaian companies are also in distress and would require only a fraction of that amount to stimulate them back into productivity and profitability. more >>>

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