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GCNet pays GH¢8m dividend to government

The Ghana Community Network Services Limited (GCNet) on Tuesday presented a final dividend of GH¢8 million to government, bringing the company’s total dividend payment for 2017 to GH¢17 million. GCNet had earlier this year, paid an interim dividend of GH¢9 million in respect of government’s equity holdings. Speaking to reporters …

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GHL Bank receives $15m boost for mortgage loans

GHL Bank has received $15 million from the African Development Bank to boost access to home ownership for lower-middle to middle-income Ghanaians. The move will further entrench the GHL Bank’s market leadership for providing affordable housing in Ghana and help Ghanaians in these income brackets to actualise their dreams of …

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Akufo-Addo urges businesses to work for success of SDG’s

President Nana Addo Dankwa Akufo-Addo has rallied Chief Executive Officers (CEO’s) of leading Ghanaian and multinational businesses operating in the country to give strong backing to efforts at attaining the United Nations (UN) Sustainable Development Goals (SDGs). He reminded them that as primary promoters of social and economic transformation, they …

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KEDAN to pump $5m into another maize factory

KEDAN Agribusiness Solutions Limited aims to inject five million dollars by 2019 to increase daily production capacity of the newly installed 30 metric tons maize processing factory in Tumu in the Sissila East Municipal capital. The amount is expected to improve the company’s working capital for raw material aggregation, construct …

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CIMAF dedicates 15% of investment to environmental management

CIMAF Ghana Limited, producers of CIMAF smart cement, has dedicated a huge 15 per cent of its $66 million investment in Ghana to the management of the impact of its operations on the environment. Mr Mohammed Bennis, Country General Manager, says environmental management is one of the core values of …

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Bayport to increase its Note Programme to GH¢500m

The Management of Bayport Savings and Loans PLC seeks to increase the size of its existing Note Programme, a debt instrument, to GH¢500 million. The company is thus raising the Note Programme by an additional GH¢300 million from the current GH¢200 million. Nii Amankra Tetteh, the Managing Director of Bayport …

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Recent depreciation of the cedi is temporary- BoG Official 

The recent blip in the foreign exchange market that saw a slight depreciation of the cedi against the dollar is short-term and a reflection of a spill over from external developments, an official of the Bank of Ghana has said. Mr Steve Opata, the Director, Financial Markets Department, told a …

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IFC to invest $60m in Ghana and seven other African countries

International Finance Corporation (IFC) announced on Monday, a $60 million investment to support small and medium-sized business loans in Ghana and seven other African countries. A press release to the Ghana News Agency, on Wednesday said, the move is tended to facilitate growth and job creation in the region. The funding …

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Portuguese business delegation to invest in Ghana

The Portuguese Association of Metal and Electromechanical Industries has expressed interest to invest in the country’s manufacturing and infrastructural sector for mutual benefits. The Association has expertise in the metal and electrochemical sector and will be ready to strengthen institutional collaboration to explore investment opportunities. Ms Maria Luis Correia, the …

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