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The Ghana Investment Promotion Centre (GIPC) has set a target to attract $3 billion this year in Foreign Direct Investment (FDI) into the country. The FDI is expected to boost investments in agribusiness, pharmaceutical, manufacturing and industry as well as other sectors of the economy to create jobs and spur …

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Investments in gold exploration in Africa fell to $590m in 2020

Ghana needs to attract more investments into mining exploration not to lose out on its leadership position in the industry on the African continent. Mr Eric Asubonteng, the President of the Ghana Chamber of Mines, said dwindling investment in exploration in the country’s mining sector could take away the lead …

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ECA dialogue on implementation of AfCFTA

The Sub-Regional Office for West Africa of the Economic Commission for Africa (ECA/SRO-WA) has partnered with the West African Monetary and Economic Union (UEMOA) and the Economic Community of West African States (ECOWAS) Commission to discuss the state of implementation of the African Continental Free Trade Area (AfCFTA) and how …

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US government food security strategy for Ghana expected to attract $261m investments

The first activity of a new US government food security strategy for Ghana is expected to attract private sector financing of about $261 million to enhance agribusiness in the country. According to the US Embassy in Accra, the US Global Food Security Strategy for Ghana (GFSS) is a five-year, interagency …

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IFC and SEC to develop green bonds market

The International Finance Corporation (IFC) and Securities and Exchange Commission (SEC) have announced partnership to facilitate investments in projects which address climate and environmental issues through green bonds. Under the agreement, IFC, a member of the World Bank Group, will help the SEC develop guidelines for issuers and investors for …

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Gold futures settle modestly higher

Gold prices moved higher on Tuesday, rebounding from early losses, after the yield on US Treasury notes fell after an early uptick. Gold futures slid early on in the session as US Treasury yields rose as investors awaited the outcome of auctions set to be held for $34 billion of …

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Ghana receives $2.7b FDI in 2020

Ghana received a total of 279 Foreign Direct Investment (FDI) projects valued at $2.7 billion in 2020 despite the COVID-19 pandemic. The projects will go into areas such as manufacturing, services, building and construction, agriculture, mining, petroleum and export trading and expected to generate 27,110 jobs nationwide. According to the …

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Ghana will serve as entry point for Canadian investors – Kyerematen

Ghana has assured Canadian investors of her readiness to serve as the entry point to the Sub-region for opportunities in the regional market. Under the African Continental Free Trade Area (AfCFTA) there is an estimated market size of over 1.2 billion consumers with a growing middle class. Mr Alan Kyerematen, …

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SEC says it’s keen on healthy Capital market, protection of investors’ funds

The Securities and Exchange Commission is taking pragmatic steps to strengthen the capital market and to protect investors’ funds, Deputy Director-General Paul Ababio has said. Speaking during Tesah Capital webinar on the theme: “Investing after the Financial Sector clean-up,” Mr Ababio said key among the measures was the issuance of new …

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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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