Bloomberg News

Ghana Oil Plans to Buy Back as Much as 15% of Issued Shares

June 23, 2011

June 23 (Bloomberg) -- Ghana Oil Co., the second-biggest operator of gas stations in the West African nation, plans to buy back as much as 15 percent of its issued shares, Chairman William Asomaning said.

The company will buy and hold the stock as and when it deems prudent, he said today at a shareholders’ meeting in the capital, Accra.

To contact the reporter on this story: Moses Mozart Dzawu in Accra at mdzawu@bloomberg.net

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net


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