Bnp Agrin Share Discussion Threads

[safman] 10/1/2005 15:07

L2 4V4 all blue..

saffy..

[helpaargh] 10/1/2005 14:50

Mmmmm this might help:-







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Business News of Thursday, 6 January 2005

Ghana's rating earns her the biggest World Bank grant ever
Accra, Jan. 6, GNA - Ghana's current credit rating, debt sustainability and attainment of Highly Indebted Poor Countries (HIPC) completion point has earned her the biggest grant ever of 103 million dollars from the World Bank.

The amount together with a 12 million dollars and five million dollars from the Government of Ghana and the Nordic Development Fund, respectively, is to be used to start the implementation of the long awaited private sector participation in the delivery of potable water in the country.

Speaking to the Ghana News Agency on Thursday after signing the grant with the Government, Mr Mats Karlsson, World Bank Country Director said, initially signed as a loan, the amount had to be converted into a grant after a careful reflection on Ghana's achievements in recent times.

Besides, he said, "The country's urgent need for potable water was also considered, but it's important to state that it's not an easy thing to get such a huge grant from the Bank. It is very competitive and a lot of issues come into play".

Mr Karlsson told the Government and the Ghana Water Company that after a long debate, misgivings and concerns, the country was eventually moving forward to implement the private sector participation in the provision of water.

He said there was no doubt that the model was the best for the country and that everything must be done to ensure that the process took off smoothly.

Mr Karlsson said the dynamics to move this country, which is evident in the progressive and success story of Ghana's democracy had been laid, adding: "This is not the time to get into political debates but a time to move forward."

Mr Yaw Osafo-Maafo, Finance and Economic Planning Minister, who signed the grant on behalf of Ghana, said the grant would in no doubt reduce the debt burden of the country.

He said the project objective was to significantly increase access to pipe- borne water system in the urban centres with emphasis on improving access, ensuring affordability and service reliability to the urban poor.

Mr Osafo-Maafo mentioned the key project components as, system expansion and rehabilitation, public/private partnership development, capacity building and severance programme.

"It has been 10 years of consultations during which all stakeholders in the water and related sectors have brainstormed to find and fashion out the best options to these problems.

"Water is life and for this reason, care - indeed extreme care has been exercised to ensure that all ideas and ideologies were taken on board in deciding the way forward, especially the acceptance of private participation in the water delivery," he said.

He said though some may still want the debate to go on, the Government could not afford "the luxury of waiting for more debates on the issue. Staring at us in the face are statistics which are worrying..."

Mr Osafo-Maafo said only 51 per cent of the estimated 20 million Ghanaians had access to potable water and most of the deprived were the urban poor.

"It 's also our commitment to achieve the Millennium Development Goals, by at least cutting in half by 2015, the proportion of people without access to safe drinking water and sanitation in this country," he said.

He said in 2003 the Government granted a total debt relief of about 907.73 billion cedis to the Ghana Water Company Limited (GWCL) as part of its efforts to improve the financial viability of the Company in order for it to provide better services to the populace.

Alhaji Mustapha Ali Idris, Minister of Works and Housing, announced that the selection process of contractors for the project would soon begin and noted that Ghanaian companies were not exempted.

He said there was and had been no intention to discriminate against Ghanaian companies regarding the bidding process for the procurement of a management contractor.

He charged the GWCL to ensure the judicious use of the funds.Source: GNA




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[hughey7] 10/1/2005 14:26

i think fidelity when they bought @5p read e.j's column when they did their due diligence :-)

[safman] 10/1/2005 14:08

all blue 3v1.. see ya in a bit!

saffy

[safman] 10/1/2005 13:58

by the way.. strong movement up..3v1 ..

saffy

[safman] 10/1/2005 13:56

Fidelity are the largest shareholders.. and invested recently.... lets hope there can be some sort of "kick up the backside".. from this lot..eh..

saffy

[hughey7] 10/1/2005 13:35

38p would be most appreciated :-)
please do not hex this thread with the name of that failed tipster :-)

h7

[treborbob] 10/1/2005 13:27

Long way to go till 38p.Wheres that Edmond?

[safman] 10/1/2005 13:22

i don't know.. certainly L2 improving all the time...2v2 and all blue...

saffy...

[hughey7] 10/1/2005 13:21

still an absence of sellers with the bid raised to 3.25
i sense an rns soon :-)
h7

[britishbear] 10/1/2005 13:06

Flying today - what gives? Two-way deal and insiders buying?

[safman] 10/1/2005 13:04

1v2 all blue...see ya later...!

saffy..

[safman] 10/1/2005 12:27

3v1 and moving..all blue...

saffy..

[safman] 10/1/2005 11:34

now 2v2..apart from the info yesterday ..with ragards to the world bank and ghana.. can't find any more info...

saffy..

[safman] 10/1/2005 09:50

1v2..EVO on the bid...

saffy..

[hughey7] 10/1/2005 08:49

well i did say that below 3p was a steal :-)

[safman] 10/1/2005 08:47

L2 2v2 ..all blue..

saffy..

[hughey7] 09/1/2005 22:48

ttc
they are still dealing with them,read my last post,then look at advance tech partners.Managed services in the uk as 3 doubler has posted have been very slow to take off.I have heard also that at least one country hit by the recent tsunami will be looking at a complete new water infrastructure.
h7

[3 doubler] 08/1/2005 18:56

The much talked about Ghana water contract was supposed to be the making of the company and was the reason for the rise to 40p last year.It was thought to generate profits of something like £2m/year to AVT.However the company was, by all accounts, led a merry dance by the locals saying very soon now they would be in a position to sign the various agreement for the project but it never came.The reason I assume was because they didn't have the money(typical Africa) so I guess now they have $100m from the World Bank things can now go ahead.

My guess is if the Ghana Contract does go through it is with all the history surrounding the company still worth about about 10p to the AVT share price.Fidelity did come in as a new investor in the financing at 5p which was quite interesting.

Don't want to get too excited but this could be the start of the new begining under Captain Morgan.

As a layman trying to look at it on a risk reward basis I think there is a 50:50 chance something might get signed on the back of this news in the next six weeks so I reckon there is a 50:50 chance of tripling my money over that period.Therefore using those odds it is worth a punt but for option money only.

[hughey7] 08/1/2005 16:56

3 d
good find.
Managed water services is what avt need to become profitable.
Ghana and possibly welsh water partnerships would transform avt's prospects and would make a very attractive takeover target.
2 million m/cap is way below its potential value.
One sign of a 2 way contract in partnership will make the likes of e.j wish they had bought a serious amount of stock around these levels.
Tipsters are 2 a penny,most of us that post on b.b's could have better succes given the chance.
h7

[gettinther] 08/1/2005 16:40

Whats the story with these then? Lookin to invest my profits from hceg? Regards.

[3 doubler] 08/1/2005 15:17

This would appear to be why the Ghanian Contract hadn't come through -the World Bank wouldn't dish out the grants to fund the project until the elections were out the way.Strap yourselves in things might be on the up......finally....maybe!!!



Ghana's rating earns her the biggest World Bank grant ever
Accra, Jan. 6, GNA - Ghana's current credit rating, debt sustainability and
attainment of Highly Indebted Poor Countries (HIPC) completion point has
earned her the biggest grant ever of 103 million dollars from the World
Bank.

The amount together with a 12 million dollars and five million dollars from
the Government of Ghana and the Nordic Development Fund, respectively, is to
be used to start the implementation of the long awaited private sector
participation in the delivery of potable water in the country.

Speaking to the Ghana News Agency on Thursday after signing the grant with
the Government, Mr Mats Karlsson, World Bank Country Director said,
initially signed as a loan, the amount had to be converted into a grant
after a careful reflection on Ghana's achievements in recent times.

Besides, he said, "The country's urgent need for potable water was also
considered, but it's important to state that it's not an easy thing to get
such a huge grant from the Bank. It is very competitive and a lot of issues
come into play".

Mr Karlsson told the Government and the Ghana Water Company that after a
long debate, misgivings and concerns, the country was eventually moving
forward to implement the private sector participation in the provision of
water.

He said there was no doubt that the model was the best for the country and
that everything must be done to ensure that the process took off smoothly.

Mr Karlsson said the dynamics to move this country, which is evident in the
progressive and success story of Ghana's democracy had been laid, adding:
"This is not the time to get into political debates but a time to move
forward."

Mr Yaw Osafo-Maafo, Finance and Economic Planning Minister, who signed the
grant on behalf of Ghana, said the grant would in no doubt reduce the debt
burden of the country.

He said the project objective was to significantly increase access to pipe-
borne water system in the urban centres with emphasis on improving access,
ensuring affordability and service reliability to the urban poor.

Mr Osafo-Maafo mentioned the key project components as, system expansion and
rehabilitation, public/private partnership development, capacity building
and severance programme.

"It has been 10 years of consultations during which all stakeholders in the
water and related sectors have brainstormed to find and fashion out the best
options to these problems.

"Water is life and for this reason, care - indeed extreme care has been
exercised to ensure that all ideas and ideologies were taken on board in
deciding the way forward, especially the acceptance of private participation
in the water delivery," he said.

He said though some may still want the debate to go on, the Government could
not afford "the luxury of waiting for more debates on the issue. Staring at
us in the face are statistics which are worrying..."

Mr Osafo-Maafo said only 51 per cent of the estimated 20 million Ghanaians
had access to potable water and most of the deprived were the urban poor.

"It 's also our commitment to achieve the Millennium Development Goals, by
at least cutting in half by 2015, the proportion of people without access to
safe drinking water and sanitation in this country," he said.

He said in 2003 the Government granted a total debt relief of about 907.73
billion cedis to the Ghana Water Company Limited (GWCL) as part of its
efforts to improve the financial viability of the Company in order for it to
provide better services to the populace.

Alhaji Mustapha Ali Idris, Minister of Works and Housing, announced that the
selection process of contractors for the project would soon begin and noted
that Ghanaian companies were not exempted.

He said there was and had been no intention to discriminate against Ghanaian
companies regarding the bidding process for the procurement of a management
contractor.

He charged the GWCL to ensure the judicious use of the funds.Source: GNA




GhanaHomePage

[hughey7] 07/1/2005 18:26

A quite sattisfying week :-)