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Africa has always been ready for investment

Despite the effects of the COVID-19 pandemic on its economy, Africa stands out with promising prospects. Through economic resilience and reforms in several countries, the continent is now experiencing significant business growth thanks to increased investment. One of the mechanisms put in place by the African Development Bank (AfDB) Group …

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Global Fund contributes $1.2b to healthcare delivery in Ghana

Nii Nortery Hanson Nortey, Vice Chairman of the Country Coordinating Mechanism of Global Fund, Ghana, says the Fund has contributed $1.2 billion to improve health systems in Ghana in the last 20 years. He said the Global Fund had provided resources such as money, medicines, equipment and vehicles to help …

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SEC explains modalities in paying locked-up funds to customers

Mrs Deborah Muwusi Agyemfra, Deputy Director-General in charge of Legals at the Securities and Exchange Commission (SEC), has explained that institutions, whose funds were locked-up in the financial sector cleanup exercise would receive 50 per cent of their validated claims in Tier one. The institutions include financial institutions (FI), associations, …

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Don’t invest in capital markets you don’t understand – SEC official

Mr Francis Boadu, Head of Department (HoD) in charge of Broker Dealers and Advisors at the Securities and Exchange Commission (SEC) has advised investors not to put money into an investment they did not fully understand. He said if they suspect an investment to be a “Ponzi scheme” or any …

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Economic transformation requires investment in key sectors of economy – Deputy Governor

Dr Maxwell Opoku-Afari, the First Deputy Governor Bank of Ghana, says economic diversification and transformation will require significant investments in infrastructure such as energy, transportation, telecommunications oil and gas as well as mining and tourism. These investments, he stated, would be critical to boost the much needed inclusive growth, drive …

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Ghana records $874m of inbound investments in first half of the year

Ghana recorded $874.01 million worth of investments from 122 projects in the first half of 2021 despite the COVID-19 pandemic, an indication of the country’s attractiveness as an investment destination. Of the total investment of $874.01 million, the Foreign Direct Investment (FDI) component amounted to $829.29 million while the local …

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IFC to invest $3m to improve access to medical diagnostics in Ghana

The International Finance Corporation (IFC) has signed a partnership agreement with South African radiology specialist Bergman, Ross and Partners Incorporated (BRP) to increase access to world-class medical diagnostic services in Ghana. Under the partnership, IFC would invest roughly $3 million in Quest Medical Imaging (QMI) to build new medical diagnostic …

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Ghana Stock Exchange records GH¢23.4m net profit despite COVID-19

The Ghana Stock Exchange (GSE) posted solid financial performance in 2020 despite the devastating effects of COVID-19 that disrupted many economies around the world. The Exchange recorded a net profit of GH¢23.46 million, the highest in the history of the Exchange, compared to GH¢8.43 million in 2019. The Chairman of the …

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Ecobank Ghana presents dividend of GH¢28.8m to SSNIT

Ecobank Ghana, one of the investments of the Social Security and National Insurance Trust (SSNIT), has presented a dividend of GH¢28.8 million for the year 2020 to the Trust. This represents an increase of 83 per cent over the 2019 dividend payment of GH¢15.7 million. Mr. Daniel Sackey, the Managing …

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