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Israeli investors commended for investing outside Accra

The Israeli Ambassador to Ghana, Ms. Shani Cooper-Zubida, has commended Israeli investors for exploring business opportunities outside the capital city-Accra, to open businesses in other parts of the country. She expressed delight for the surge in Israeli investments, especially in the Ashanti Region and said that was an indication of …

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Africa Investment Forum yields $32b projects at close of boardroom sessions

Dr Akinwumi, Adesina, President of the African Development Bank Group (AfDB), has said 45 deals were successfully discussed and closed in the boardroom sessions valued at $32 billion to bring a closure to the three-day Africa Investment Forum (AIF) at the Sandton Convention Centre in Johannesburg. He said the transaction …

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Let’s embrace $2b Sino-hydro agreement with one accord – MPs

Parliamentarians have called for a bi-partisan approach to the $2 billion Sino-hydro barter arrangement with the Chinese Government. They said the country should approach the agreement with a singular view of maximising the gains Ghana could get from the agreement. Mr Frank Annoh-Dompreh, Chairman of Parliament’s Foreign Affairs Committee, in …

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Moringa Fund invests $5m in B-BOVID Limited

The Moringa Fund, an equity financing investment company, has invested 5 million dollars into B-BOVID to enhance and strengthen the company’s unique out grower plan poly culture model. The investment would also see to the recruitment of up to 4000 farmers within the western and central regions, engage in tree …

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UK supports Ghana’s ambition to be Africa’s investment hub

The United Kingdom supports Ghana’s ambition to be a hub for investment in Africa, Madam Baroness Fairhead, UK Minister of Trade and Export Promotion, said on Monday. Speaking at the UK-Ghana Investment Summit 2018 in Accra, Madam Fairhead said the United Kingdom would do all it could to help Ghana …

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Global FDI drops 41% in first half 2018 but China is largest recipient – UNCTAD

New estimates from the United Nations Conference on Trade and Development (UNCTAD) show a decline in global foreign direct investment (FDI). According to the UNCTAD’s Investment Trends Monitor, global FDI has dropped 41 per cent to $470 billion in the first half of 2018 from $794 billion at the same …

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Ghana’s engagements with China is not colonialism – GHACHIFA

Ghana’s mutual engagement with China should by not be seen as China colonizing Ghana. What Ghana needs to do, is make the best of its relations with China by ensuring, that its citizens gain from of a revitalized economy in the areas of health, education and road infrastructure among others. …

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Energy Commercial Bank launches IPO to raise GH¢340m

Energy Commercial Bank on Tuesday launched its Initial Public Offering (IPO) to raise GH¢340 million from the Ghanaian investing public as the lender prepares to meet the Regulator’s new threshold for capital requirements. The offer for the subscription of over 261 million new shares at GH¢1.30 per share would run …

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Wa Community Credit Union shows strong growth – Board Chairman

Total savings of the Wa Community Co-operative Credit Union (WACCU) has hit GH¢13.7 million. Naa Bawa Seidu, the Board Chairman, said compared with last year’s figure of GH¢12.2 million, this represented a 12 per cent growth. He was addressing the 19th annual general meeting of the Credit Union in Wa. …

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Ghana government launches Public Investment Management System

Government has launched the Public Investment Management System (PIMS) to ensure effective and efficient management and delivery of infrastructure projects. The PIM system is part of the grand reform agenda of government to electronically integrate all financial management operations, and bring efficiency to government business. It aims to establish a …

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