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IFC invests $5.6b to support private sector development in Africa

The International Finance Corporation (IFC), a member of the World Bank Group, has committed $5.6 billion to private sector development in the Middle East and sub-Saharan Africa in the fiscal year 2020. The support is to aid businesses across the two regions to launch, grow, provide jobs and fight the …

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GECA calls for investment in the electrical industry  

The National President of Ghana Electrical Contractors Association (GECA), Nana Addo Tetebo has called on the government to promote investment in the electrical industry as part of the One District One Factory (1D1F) initiative. He said the coronavirus pandemic has exposed the country because most electrical products use in the …

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IFC provides $12m loan to Ghanaian steel company to construct factory

The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $12 million loan to Rider Iron and Steel Ghana Limited to support the company’s construction of a steel manufacturing plant. The factory to be sited in Kumasi would help increase Ghana’s domestic steel production, create …

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Chache Women’s Group to benefit from GH¢2.5m initiative to process Shea butter

Chache Women’s Group, which processes shea butter for the local and export markets, is to benefit from a GH¢2.5 million initiative to improve and expand its operations. The group, based in the Bole District of the Savannah Region, would be supported to purchase and install agro-processing equipment, capacity building in …

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Abena Amoah is new deputy Managing Director of Ghana Stock Exchange

The Council of the Ghana Stock Exchange has appointed Ms. Abena Amoah as the Deputy Managing Director of the Exchange. She will be responsible for the operational activities of the Exchange, namely, Trading and Surveillance, Listings and New Products, the Ghana Fixed Income Market and the IT systems of the …

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Ghana Stock Exchange records GH¢194m in traded shares from January to June

The Ghana Stock Exchange has recorded a total of more than 262.2 million traded shares valued at GH¢194 million in the first six months of 2020 amid the uncertainty of the coronavirus crisis. The performance, from January to June 2020, represents 107.9 percent growth in volumes and 87.7 percent in …

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FDI to Ghana drops by 22% in 2019

Overall foreign direct investment (FDI) to West Africa decreased, and FDI to Ghana also dropped in 2019, the latest report of the United Nations Commission on Trade and Development (UNCTAD) World Investment Report 2020 released last week and copied to Ghana Business News says. According to the report, FDI to …

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