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Golden Star Resources to invest $15m to expand operations

Golden Star Resources Limited, a leading gold mining company in Ghana is to invest $15 million in exploration at its Wassa underground mine this year as part of a broader strategy to expand operations. Mr Graham Crew, the Chief Operations Officer of Golden Star Resources Limited, speaking on the company’s …

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Ghana raises $3b Eurobond

Ghana has successfully raised more than $3 billion in the international debt market, which was two times oversubscribed. A statement issued in Accra by the Finance Ministry said the successful issue of the bond was a vote of confidence of global investors in the country’s fiscal plans and revitalization strategy. …

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Your investments are secure in Ghana – Akufo-Addo to Spanish investors

President Nana Addo Dankwa Akufo-Addo has called on investors and business leaders in Spain to participate in the exceptional investment opportunities in Ghana. Ghana, with its stable security and political environment, coupled with a sound legal and regulatory environment, and a stable domestic market and macro-economic stability, he noted, had …

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Ghana and Rwanda hold virtual summit to explore investment, trade opportunities

Ghanaian and Rwanda businesses have held a virtual summit to explore investment opportunities in Agriculture, Manufacturing and Services sectors to boost trade and investment between the two countries. Organized by the Rwanda Development Board (RDB) and the Ghana Export Promotion Authority (GEPA) and facilitated by the Rwanda High Commission in …

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Ghana could go to the market in 10 days or even quicker to raise $3b in Eurobonds – Minister

The Minister of Finance, Ken Ofori-Atta says in 10 days or even earlier, Ghana could go to the international market to raise $3 billion. He was speaking via Zoom at the opening of the Economic Commission for Africa (ECA’s) 53rd Session of the Commission and 2021 Conference of African Ministers …

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Fifth Volta Trade and Investment fair launched

Dr Archibald Yao Letsa, Volta Regional Minister has launched the fifth Volta Trade and Investment fair with an invitation to the private sector to play a leading role to make the gathering a turning point for economic buoyancy. He said the success of the previous event confirmed that the initiative …

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Securities and Exchanges Commission requires GH¢5.5b to settle investors

Government is working to complete the bailout of the asset management industry through the provision of a package for investors of the failed Asset Management Companies (AMCs). “I am happy to announce that, the resolution of the banking industry has been completed.” Mr. Osei Kyei-Mensah-Bonsu, Minister for Parliamentary Affairs and …

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Ghana begins processes to raise $5b on international capital market

The Government has commenced processes for the 2021 International Capital Market Funding Programme. The Programme is to raise $5.0 billion to support growth-oriented expenditures in the 2021 Budget and to conduct liability management of both Eurobonds and Domestic Bonds. A statement issued in Accra by the Ministry of Finance said …

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Election petition verdict to boost investor confidence

The business community in the Sekondi-Takoradi Metropolis (STMA) say the supreme court ruling upholding the election of Nana Akufo-Addo as President could help enhance investor confidence and boost local economic development. They said the ruling in the election petition case had cleared investors uncertainty and that of the business community. …

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