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Aluworks seeks $40m working capital to optimize operations

Aluworks Limited is seeking $40 million to optimize its operations on the back of a ruling against the dumping of cheap chinese aluminum products on the Ghanaian market. The 50, 00 tonne capacity aluminum plant has struggled over the years primarily due to cheap imports and low patronage. In an interview …

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Africa’s health, technology sectors attracting FDI amid COVID-19 pandemic

Africa’s handling of COVID-19 pandemic, which has lessened the impact of the crisis on the continent’s economies, has put it in a good position to attract foreign investment, according to investment experts. Faizal Bhana, Director Middle East, Africa and India at Jersey Finance, said that at the start of the …

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Equity market attractive again – Ghana Stock Exchange  

The Ghana Stock Exchange (GSE) says the equity market has started performing well again on the market. Mr Ekow Afedzi, the Managing Director of GSE said things are picking up with the Exchange encouraging investors to invest in the equity market. The Managing Director was speaking at the launch of …

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18 SOEs to enlist on Ghana Stock Exchange – Asamoah-Boateng

Eighteen State Owned Enterprises (SOE’s) will soon enlist on the Ghana Stock Exchange (GSE) to afford Ghanaians the opportunity to own shares in them. Mr. Stephen Asamoah-Boateng, Director-General, State Interest and Governance Authority (SIGA), said a technical team of the authority was assessing their preparedness. Mr. Asamoah-Boateng said this on …

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Ghana needs active copyright sector for investment opportunities

Ghana needs an active copyright sector to generate investment opportunities that will result in a higher employment rate and increased levels of income to significantly alleviate poverty, Dr. Magnus Ebo Duncan, an Economic Statistician has said. He said there was the need for a policy to retain existing copyright sector …

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Top business ideas and investment opportunities in Ghana

In the course of the last 20 years, Ghana has marked a progressive and steady popularity-based administration. Governmental rules and processes have improved the effectiveness of public institutions. Moreover, this enhanced the confidence of investors to consider Ghana as their destination for doing business, creating a positive environment for growth. …

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World Bank Board approves $250m for establishment of Development Bank of Ghana

The World Bank has announced the approval by its Executive Board of $250 million from the International Development Association (IDA) to support the establishment the Development Bank of Ghana (DBG). In a press release copied to ghanabusinessnews.com, The World Bank says the goal for establishing the DBG is to increase …

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Ghana to benefit from US infrastructure support

Ghana is among 50 African countries to benefit from infrastructure support under the Millennium Challenge Corporation (MCC), a US foreign assistance agency and Africa50, an infrastructure investment platform. Mr Sean Cairncross, the Chief Executive Officer, MCC, speaking on a virtual platform on Tuesday said the Corporation and Africa50 had signed …

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Ghana needs investment support in pharmaceutical sector – Minister

Mr Alan Kyeremanten, the Minister of Trade and Industry, has called for sustained investment support in the pharmaceutical sector in the country. He said Ghana would need investment financing and joint ventures to upgrade existing pharmaceutical plants to comply with international Good Manufacturing Practices (GMP) and Standards. Mr Kyeremanten made …

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