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Investment
ECOWAS Bank invests $2.9b in economies of member states
The ECOWAS Bank for Investment and Development (EBID) has invested $2.9 billion into the economies of member states.
Dr George Nana Agyekum Donkor, the President of the Bank, who announced this, said the investments were in line with the…
ECOWAS Bank for Investment and Development injects over $300m into Ghana’s economy
The ECOWAS Bank for Investment and Development says it has invested over $300 million into Ghana's economy.
Areas of investment, the bank said include, Energy, Trade, Technology, Tourism and hospitality industry.
Dr George Nana…
Golden Star Resources announces sale of Bogoso-Prestea Gold Mine for $95m
The mining company, Golden Star Resources has announced the sale of its Bogoso-Prestea Gold Mine.
In a press release copied to ghanabusinessnews.com Monday July 27, 2020, the company says it has entered into a binding agreement to sell…
IFC invests $5.6b to support private sector development in Africa
The International Finance Corporation (IFC), a member of the World Bank Group, has committed $5.6 billion to private sector development in the Middle East and sub-Saharan Africa in the fiscal year 2020.
The support is to aid businesses…
GECA calls for investment in the electrical industry
The National President of Ghana Electrical Contractors Association (GECA), Nana Addo Tetebo has called on the government to promote investment in the electrical industry as part of the One District One Factory (1D1F) initiative.
He said…
IFC provides $12m loan to Ghanaian steel company to construct factory
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $12 million loan to Rider Iron and Steel Ghana Limited to support the company’s construction of a steel manufacturing plant.
The factory…
Chache Women’s Group to benefit from GH¢2.5m initiative to process Shea butter
Chache Women’s Group, which processes shea butter for the local and export markets, is to benefit from a GH¢2.5 million initiative to improve and expand its operations.
The group, based in the Bole District of the Savannah Region, would…
Abena Amoah is new deputy Managing Director of Ghana Stock Exchange
The Council of the Ghana Stock Exchange has appointed Ms. Abena Amoah as the Deputy Managing Director of the Exchange.
She will be responsible for the operational activities of the Exchange, namely, Trading and Surveillance, Listings…
Ghana Stock Exchange records GH¢194m in traded shares from January to June
The Ghana Stock Exchange has recorded a total of more than 262.2 million traded shares valued at GH¢194 million in the first six months of 2020 amid the uncertainty of the coronavirus crisis.
The performance, from January to June 2020,…
FDI to Ghana drops by 22% in 2019
Overall foreign direct investment (FDI) to West Africa decreased, and FDI to Ghana also dropped in 2019, the latest report of the United Nations Commission on Trade and Development (UNCTAD) World Investment Report 2020 released last week…