The lead headline of the Daily Graphic reads: "War over GOIL...Two foreign firms vie against workers" The accompanying story says a bidding war over who acquires the 60 per cent government shares in the Ghana Oil Company (GOIL), gathers momentum as a determined management- worker buy-out group submits its final proposals to the Divestiture Implementation Committee. The paper says the war is now among the group - Total, a French oil marketing firm and Engen, a South African-Malaysian company. The Graphic quotes Mr Sam Sallas-Mensah, managing consultant to the group as saying in Accra that the group is determined to win the bid so that the GOIL remains the basic and only Ghanaian oil marketing company. Consequently, he said his consultancy services, Sallas-Mensah and Associates, has packaged its business and financial plans which would enable the group to win the 'war'. According to the Graphic a deal has already been clinched between the group and the merchant Bank Ghana Limited, to syndicate funds for the buy-out.
The lead headline of the Daily Graphic reads: "War over GOIL...Two foreign firms vie against workers" The accompanying story says a bidding war over who acquires the 60 per cent government shares in the Ghana Oil Company (GOIL), gathers momentum as a determined management- worker buy-out group submits its final proposals to the Divestiture Implementation Committee. The paper says the war is now among the group - Total, a French oil marketing firm and Engen, a South African-Malaysian company. The Graphic quotes Mr Sam Sallas-Mensah, managing consultant to the group as saying in Accra that the group is determined to win the bid so that the GOIL remains the basic and only Ghanaian oil marketing company. Consequently, he said his consultancy services, Sallas-Mensah and Associates, has packaged its business and financial plans which would enable the group to win the 'war'. According to the Graphic a deal has already been clinched between the group and the merchant Bank Ghana Limited, to syndicate funds for the buy-out.
