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Investment

We have invested your money prudently; bear with us – GCFM

Gold Coast Fund Management (GCFM), on Monday, said it has invested more than two billion Ghana Cedis in infrastructure and commercial projects for the GetFund, Cocobod, Road Fund, District/Municipal Assemblies and private companies. The Company is, therefore, working with ‘quiet assertiveness’ with government agencies and private sector organisations to pay …

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You invest in cryptocurrencies at your own risk – SEC cautions

The Securities and Exchange Commission (SEC) has cautioned the public and investors that they risk losing their investments in crypto currency schemes and activities because they are, unregistered, unlicensed and unregulated under the Securities Law of Ghana. A statement issued by the Commission and signed by the Director-General, the Reverend …

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All World Bank commitments to Ghana total $1.7b

The total World Bank commitments to Ghana currently total $1.731 billion with about 66 per cent disbursed. Meanwhile, the World Bank Africa Vice President, Dr Hafez Ghanem,  has expressed desire to increase support for the Bank’s funded projects in Ghana, particularly social projects that focused on poverty reduction. “We will …

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Private investors told to invest in Ghana’s climate actions

Mrs Angelina Ama Tutuah Mensah, the Environmental Communication and Head of Public Relations at the Environmental Protection Agency (EPA), has urged private investors to invest in Ghana’s national climate actions, also known as Nationally Determined Contributions (NDCs). She mentioned, especially, the NDCs that impact on the health and job creation …

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Ghana among RMB’s 2019 Top 10 Investment Destinations in Africa

Ghana remains one of the top 10 attractive investment destinations in Africa even after the worst banking crisis in its history. Studies by Rand Merchant Bank Ltd, RMB (Corporate and Investment Banking arm of FirstRand Limited) show that a growth will be driven predominantly by the hydrocarbons sector, with a …

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Vice President courts Indians to invest in Africa

Vice President Dr Mahamudu Bawumia has encouraged investors in India to constructively engage their African counterparts for business development as they gear up towards taking their destinies into their own hands to assume their rightful places in the comity of nations. He said Africa was on the move towards shaking …

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Ghana receives €40m grant from EU to promote investments

The Government has signed a €40 million facility with the European Union (EU) towards the promotion of investments and job creation in the country. The financing agreement is the last programme to be signed from Ghana’s indicative allocation of €323 million under the 11th European Development Fund and National Indicative Programme …

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Ghana needs a vibrant investment banking industry

Mr Kojo Addae-Mensah, Group CEO, Databank on Monday said if the country will grow and develop, it needs a vibrant investment banking industry to support the economy. He said it was investment banking that developed economies in countries like the United States and other parts of the world. Mr Addae-Mensah …

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UK gives Ghana £130m for three infrastructure projects

The UK Export Finance (UKEF) is giving Ghana £130 million for three projects, the International Trade Secretary, Dr. Liam Fox announced Wednesday, February 27, 2019, at a meeting of the UK Ghana Business Council. The financing will support UK firms to develop the projects. A press release issued by the …

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ECG take-over, PDS Ghana Limited to invest over $580m 

The Power Distribution Services Ghana Limited (PDS) has announced plans to invest over US$580 million in Ghana’s power sector within the next five years after receiving the Assets and Operations of the Electricity Company of Ghana (ECG), on Wednesday. For the next 20 years, beginning March 1, 2019, PDS Ghana …

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