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Ghana Government Increases Investment in Joint Enterprise with Israel

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The Government of Ghana has decided to Increase its present investment in the Black Star Shipping Company, which It owns jointly with an Israel firm, so that it can buy a new vessel, it was disclosed today.

The present Investment of 180,000 pounds sterling will be increased by the payment of an additional 120,000 pounds. The decision to boost the Investment was taken after directors at a previous meeting had adopted a request to shareholders to subscribe an additional 200,000 pounds sterling worth of shares to buy the new ship. The Ghana Government holds 60 percent of the stock and the Zim-Israel Navigation Company 40 percent.

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