Business News of Friday, 24 May 2019Source: citibusinessnews.comTullow Ghana pays first dividend in four yearsOil and Gas company, Tullow GhanaTullow Plc has announced the payment of US$67 million as dividend to its shareholders for the year 2018 — the first time in four years. The company also announced a new dividend policy which will allow it to pay a dividend of US$100 million annually to shareholders. Chief Executive of Tullow Group, Paul Mcdade said the decision to pay dividend is as a result of the company’s strong financial performance despite oil price volatility. Tullow operates two blocks in Ghana, Jubilee and Ten. Kweku Awotwi, Managing Director of Tullow Ghana and Executive Vice President of Tullow Group, said: “We have a 50/50 chance but it all depends on how the government evaluates its bid.

Source: GhanaWeb May 24, 2019 08:43 UTC