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Ghana to receive $40m Climate Investment Funds financing for renewable energy

The Climate Investment Funds (CIF) says its governing body has unanimously endorsed Ghana’s renewable energy investment plan and would therefore give the country $40 million financing to the sector. According a press release issued today May 18, 2015, in Washington DC and copied to ghanabusinessnews.com, CIF says the decision was …

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Republic Bank increases shares in HFC Bank

A statement issued in Accra and copied to the GNA said with the current level of shareholding, the Bank now had the mandate to partner with HFC in introducing innovations and modern trends into the HFC Bank. Mr Dulal-Whiteway, the Managing Director of RB Limited, said the RB, in keeping …

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First tranche of $498.2m MCC power grant to Ghana moved to December

The Millennium Challenge Corporation (MCC) has deferred to December the release of the first tranche of the Ghana Power Compact grant due to delays on the part of government in meeting the terms of the agreement. The Ghana Power Compact between the MCC and the Government of Ghana (GoG) was …

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MTN says would invest GH¢460m on network expansion in Ghana

MTN, the leading telecommunications company in Ghana, has stated its intention to increase its investments by GH¢460.00 million this year. Mr James Bukari Basintale, the General Manager, Northern Business District, said this would be in the areas of network expansion and information technology. He said it would involve upgrading of …

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Afreximbank attracts $8b into Africa in 2014

The African Export-Import Bank (Afreximbank) says it has attracted some $8 billion into Africa in the year 2014. The amount, the Bank says in a press statement citing its President, Jean-Louis Ekra and copied to ghanabusinessnews.com May 12, 2015, was raised through 19 syndicated financing deals, some of which the …

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MTN says earmarks $103m for capital investment in Ghana

Mobile Telecommunications Network (MTN) has earmarked 103 million dollars for capital investment to expand and upgrade its network, Mrs Cynthia Lumor, Corporate Services Executive of the telecom giant, has said. Speaking at an Editor’s Forum in Tamale on Wednesday, Mrs Lumor said the move formed part of the company’s strategy …

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Young Ghanaians in UK urged to utilise investment opportunities at home

Young Ghanaians in the UK have been urged to take advantage of the Ghana Angel Investor Network (GAIN), a group that invests in developing businesses with potential for significant growth and higher return on investment. GAIN falls within the ambit of the Venture Capital Trust Fund that was established in …

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Two financial schemes launched to boost investment

Ghana’s growing financial services sector has been  boosted  with the launch of a scheme aimed at yielding high returns with minimal risk to its investors. The MET Capital Group and MET Wealth Unit Trust Scheme was launched at the weekend into one of the new and promising financial groups. Mr …

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USAID—FinGAP facilitates investments of $13.5m in Ghana agribusiness

The USAID Financing Ghanaian Agriculture Project (USAID-FinGAP) says in the last 18 months, it has facilitated the financing of agriculture in Ghana to the tune of $13.5 million. The Chief of Party, USAID-FinGAP, Rick Dvorin made this known at a one-day Ghana Agribusiness Investment Summit in Accra, Ghana Wednesday April …

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France investing $1.2b in bilateral trade with Ghana

France is investing $1.2 billion in bilateral trade with Ghana, according to the French Ambassador to Ghana. The GNA cites Mr Frederic Clavier, saying France is investing $1.2 billion dollars in bilateral trade with Ghana and gave the assurance that more would be achieved in the coming years. He also …

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