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Ghana government and Newmont Mining conclude investment agreement negotiations

The Government of Ghana and Newmont Mining Corporation have announced the completion of the re-negotiation of Newmont Ghana’s Investment Agreement following good-faith negotiations. The objective of the re-negotiation was to ensure that all major stakeholders, including the people of Ghana, mining companies and their investors equitably share in the benefits …

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Ghana rubber outgrower plantation project gets €17.7m financing

The Agence Francaise de Development (afd) and the Agricultural Development Bank(adb) have signed a €17.7 million financial agreement for the implementation of the phase five of the rubber outgrower plantation project. The amount is a concessional loan to the adb as the financial operator of the rubber plantation project. The …

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Vice president invites Indian investors to partner government

Vice President Kwesi Amissah-Arthur has called for partnership between the government and Indian investors to exploit the country’s huge resources for mutual benefit of the two nations. He said the government has already put in place the necessary building blocks for the economy to take off. Vice President Amissah-Arthur made …

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Agric Development Bank says it has invested GH¢381m in Ghana agriculture

The Agricultural Development Bank (adb) in 2014 invested about GH¢381 million into the agriculture sector, Mrs Sylvia Nyante, Head of Agricultural Finance at adb has announced. She said the amount represented 400 per cent over the 2010 figure of GH¢72 million investments. The massive jump was recorded despite high default …

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Customers of five investment companies petition President Mahama

Aggrieved customers of some financial investment companies in the Brong-Ahafo region have petitioned President John Dramani Mahama to intervene for the companies to release their deposits to them. According to the customers, their total deposits in the five financial investments companies amounted to about GH¢72 billion. The companies are Jastar …

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Harnessing foreign direct investment in Africa

Dubbed the new investment frontier, Africa’s attractiveness is becoming more visible to large corporations, institutions and investors. Reflecting this, foreign investment (FDI) flows have grown exponentially since the turn of the millennium. Countries such as South Africa, Nigeria, Kenya, Egypt and Morocco are leading the way. High growth economies such …

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Investment in social protection must target agriculture – FAO

Mr Bukar Tijani, Assistant Director–General, Food and Agriculture Organisation (FAO), has  said public investment in social protection must be combined and coordinated towards strengthening the productive sectors of agriculture and rural development. He said social protection could play a crucial role in breaking the cycle of poverty, but it was not in itself a …

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Intravenous infusions Ltd to launch initial public offering

Intravenous Infusions Limited (IIL), Ghana’s market leader in the supply of intravenous (IV) fluids, would on Wednesday, launch an Initial Public Offering ( IPO)  to raise GH₵ 12 million to expand its operations. IIL is offering 150 million ordinary shares at GH₵0. 08 per share in an Initial Public Offering …

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French maritime investors eye Ghana’s ports

A business delegation from French company HAROPA, has met Ghanaian maritime companies in order to present transport and logistics solution offers, available to and from the Seine gateway for efficient service delivery. The decision for HAROPA, an alliance of ports of Le Havre, Rouen and Paris to invest in Ghana, …

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Bond issuances to deteriorate Ghana’s external debt rating – World Bank

Investors are worried about Ghana’s fiscal deficits, which continue to widen. Government debt is rising and the country’s debt-to-GDP ratio doesn’t look manageable – increasing to about 70 per cent, the World Bank has said in its latest economic outlook on Africa titled ‘Africa’s Pulse’. By the time the World …

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