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China is biggest foreign investor to Ghana – Chinese Ambassador

The Chinese Ambassador to Ghana, Mr Shi Ting Wang, says China is the biggest foreign investor and trading partner to Ghana. He mentioned some China-Ghana cooperative projects as hospitals, schools, fishing ports, water projects, factories, power plants and scholarships. He said China’s support to Ghana was sincere and mutually beneficial …

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New book finds insufficient public investments in Ghana’s non-cocoa sector

A new book titled Ghana’s Economic and Agricultural Transformation: Past Performance and Future Prospects, posits that public agricultural spending over the period 1961 to 2012, shows that the bulk of the spending has gone into the cocoa subsector, to the neglect of the non-cocoa sector like the country’s food staples. …

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CUTS urges Ghana to review investment capital requirement

Mr Appiah Kusi Adomako, Centre Coordinator, CUTS International, Ghana, has urged the government to review the minimum capital requirement for the setting-up of foreign businesses in the country. He said as part of efforts to attract foreign investors, most countries in the West Africa sub-region had removed the minimum capital …

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$440m invested in 99km Tema-Mpakadan railway project – Minister

Mr Joe Ghartey, the Minister of Railways Development, has launched a Monthly Railway Dialogue to interact with stakeholders on the way forward of the railway transport system. He said the Dialogue was to ensure that stakeholders actively participated in the development process of the sector. The Minister said the railway …

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Ghana Alternative Market steps up education on listing for entrepreneurs

The Ghana Alternative Market (GAX) has stepped up its education campaigns to encourage Small and Medium enterprises to list on the Exchange to reap the benefits of long-term capital for growth. Mr David Tetteh, a Consultant to the Ghana Stock Exchange, said the GAX has an ongoing information session for …

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Technical barriers to Trade must be stepping-stones – Professor

For the Africa Continental Free Trade Area (AfCFTA) to succeed, countries must ensure that Technical Barriers to Trade (TBT) become stepping-stones rather than obstacles, Professor Alex Dodoo has said. The TBT agreement aims to ensure that technical regulations, standards, and conformity assessment procedures are non-discriminatory and do not create unnecessary …

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Ghana is best entry point for foreign investors to Africa – Minister

Alan Kyerematen, Minister of Trade and Industry, has said that Ghana is the best entry point for foreign investors to do business in Africa because of its investor friendly policies. He said the government had put in measures to make the country an investor friendly environment within the African continent …

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Siemens commits to continued investments in Ghana

Technology giant Siemens Ghana has reiterated its commitment to Ghana with a pledge to continue to invest in the economy. Speaking at the third Ghana Customer Day in Accra, Mr Edmund Acheampong, Country Director, Siemens Ghana, said the company’s contributions in the last three years has gone beyond investment to …

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Remittances to developing countries projected to reach $550b

Remittances, which have been identified as main contributors to GDP in low- and middle-income countries are projected to reach $550 billion in 2019, making them the largest source of external financing in these countries. The benefits of remittances from international migrant workers are however reduced by the high cost of …

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Government to introduce comprehensive vehicle financing scheme

Government says it is working with authorized automobile dealers and distributors and financial institutions to introduce a comprehensive vehicle financing scheme to enable Ghanaians buy vehicles made in Ghana. Also, the government says it has entered into discussions and negotiations with global automobile manufacturers, including Toyota Ghana Limited, to establish …

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