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Investment

Ghana to issue $2.5b energy bond

Ghana will soon issue a $2.5 billion energy bond to retire the country’s debt in the sector and to create space for increased investment in energy, the President has said. By the end of 2016 Ghana was saddled with a $2.4 billion energy debt. He noted that the government is …

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Ghana government urged to make capital investment a priority

Governments have in the past left Ghana’s capital investments in the hands of donors leading to numerous challenges in the health delivery system. “Leaving a nation’s capital investments in the hands of donors is a dangerous game any government could play, yet Ghana had taken such chances in the past …

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French dairy company, Danone invests $25m in Fan Milk Ghana – Report

The world’s largest yoghurt maker, French company, Danone has invested $25 million in Fan Milk Ghana, according to a report by the Financial Times. The report says the investment will enable Fan Milk’s operations in Ghana to meet the growing demand for yoghurt and other dairy products in the country. …

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GCB to inject GH¢1b into One-District, One-Factory project – MD

The GCB Bank has announced a partnership deal with government to inject one billion Ghana Cedis into the “One-District, One-Factory” project.    Mr Anselm Ray Sowah, the Managing Director, GCB Bank, said the Bank’s vision for businesses, which would operate under the initiative in any district, would be to form …

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Investor community welcomes “One-District, One-Factory” – Minister

The Ministry of Trade and Industry, has received more than 150 proposals covering varied economic interests from various parts of the country on the ‘One District, One Factory” policy, as of Friday, May 19.            Mr Alan John Kwadwo Kyerematen, the Minister for Trade and Industry (MoTI), who announced this …

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FDI inflows into Africa projected to reach $57b in 2017

Foreign direct investments inflows into Africa in 2017 is expected to reach over $57 billion, supported mainly greenfield investments from emerging economies, according to the newly published African Economic Outlook (AEO) 2017. The report, a joint work of the African Development Bank (AfDB), the Organisation for Economic Co-operation and Development …

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Commander reveals untapped investment opportunities in Ghana Air Force

Group Captain Frank Hanson, Commander of the Air Force Base in Tamale has disclosed an array of unexploited investment opportunities in the Ghana Air Force (GAF) that economic managers can tap for rapid economic growth. The Commander has also pointed out how the Air Force could help open up numerous …

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Tax exemptions to investors cost Ghana GH¢2b – Minister

Minister of Finance, Mr Ken Ofori-Atta says his Ministry would cut down on tax exemptions, which are being abused by some investors to the detriment of the nation. Mr Ofori -Atta condemned such malpractices, saying he had noted that the amount of exemptions had moved from GH¢800 million to about …

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GIPC engages Diplomatic Community on Act

The Ghana Investment Promotion Centre (GIPC) is in the process of soliciting views and ideas from the diplomatic community and foreign business associations towards the review of the current GIPC Act 2013. The event forms part of a series of strategic stakeholder’s engagement, the GIPC has scheduled for the year …

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Ghana woos African investors

Mr Joe Ghartey, the Minister of Railways Development, has urged African investors to invest in the development of infrastructure in Ghana, where the security and fruitfulness of their capitals are guaranteed.         He said the prospects in railway development and energy renewable production, were particularly, bright.    …

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