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Investment

Trade Ministry woos investors into mining industry

Mr Kweku Ricketts Hagan, Deputy Minister of Trade and Industry, has called on South African investors to channel their investments into supplies of chemical inputs and relevant equipment to support mining firms. He also said there are good opportunities in the area of refineries and processing of jewellery. Mr Hagan …

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Private entrepreneurs encouraged to invest in health sector

Mr Justice Joe Appiah, the Member of Parliament for Ablekuma North, has urged the private sector to invest in the health sector,  to increase greater  accessibility of health care to  a large number of Ghanaians. Mr. Appiah made the call during a sod-cutting ceremony to open the Royal Medical Agency Clinic …

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World Bank fears 2016 election spending would cause slippage in IMF programme implementation

The coming year 2016, is an election year in Ghana, and it is in such times that the government budget and financial programmes overrun projected and allocated limits – it is a historical fact. Development partners like the World Bank fears that the country might not be able to stay …

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Amandi Energy seeks $360m MIGA guarantees for 190MW dual-fuel power plant

Amandi Energy Limited (AEL), a Ghanaian energy company is seeking guarantees totaling $360 million from the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group to construct and operate a new 190MW dual-fuel combined cycle gas turbine power plant. The guarantees in both equity investments in and loans to …

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Ghanaian food company wins US investment prize

Wanjo Foods, an indigenous food company based in Accra has been announced the winner of a $25,000 investment prize at a pitch competition hosted by an American based organisation, Case Foundation. Wanjo Foods processes indigenous crops into food products including juices, jams and syrups and employs hundreds of Ghanaians while …

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Ghanaians in Chicago urged to woo investors

Mrs Elizabeth Ofosu-Adjare, Minister of Tourism, Culture and Creative Arts, has appealed to organisers of the Ghana Festival Celebration 2015 in Chicago to use the event to attract investments into Ghana. “There are several areas of opportunity, which will excite and benefit potential investors,” she added. Mrs Ofosu-Adjare was speaking …

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Asantehene hails construction of $130m Garden City Mall

The Asantehene, Otumfuo Osei Tutu II, has hailed the Methodist Church for the construction of its landmark $130 million Garden City Mall to promote business and boost the economy of Kumasi. The project sited on a 13.8 acre land at the Suame Roundabout would give employment to about 1,200 people …

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Governments are losing potential benefits from public investments – IMF

The International Monetary Fund (IMF) says governments around the world are losing the potential benefits from their public investments to inefficiencies in how the investments are managed. A paper published by the IMF at the recently ended Third Financing for Development Conference in Addis Ababa, Ethiopia, shows that the average …

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Africans invest $14.2b in China by 2012

For a long time, the narrative has been that China is investing massively in Africa. But as it turns out, it is not a one-way traffic. Africans are also investing in China. Africans are reported to have invested a cumulative $14.2 billion in China by the year 2012, a 43 …

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Western Railway Lines to cost $1b – Minister

Mrs Dzifa Attivor, the Minister of Transport, has disclosed that re-development works on the Western Railway Line, which would stretch from Takoradi to Kumasi, including a branch line from Dunkwa to Awaso is estimated to cost $1 billion when completed. She said the project would ensure the modernization of the …

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