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Poverty in Upper West is reflection of poor investment

Mr Mohammed Muniru Lemuna, Minister of Agriculture has stated that the high poverty levels in the Upper West Region is a reflection of lack of investment in the agriculture sector. He said the region has very good educational institutions and produced some of the best engineers, lawyers, administrators and doctors …

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adb rejects subscriber offer of GH¢2

The Agricultural Development Bank Limited (adb) has rejected the GH¢2.00 offer the subscribers of its Initial Public Offer (IPO) have made instead of the GH¢2.65 contained in their prospectus. “The adb wishes to bring to the attention of subscribers of its IPO, its shareholders, the investor community, customers of the …

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Mantrac Ghana says it invests in $40M Cat Engine Centre

Mantrac Ghana Limited says it is investing $40 million to build a Cat Engine Centre to support Ghana and other countries in the West Africa sub-region. The Managing Director of Mantrac Ghana Mr Emad Adeeb said the investment would help to position the company as a major player in the …

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Ghana to showcase investment prospects at Moscow Business Forum

A number of Ghanaian companies will have the opportunity to present their investment projects and network for Russian partners at the forthcoming business forum scheduled for Thursday, May 26 in Moscow. The projects spanning across five sectors, namely natural resources, energy and power, agri-business and infrastructure development as well as tourism, could …

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GIPC executive in Peru to attend business, investment forum

A Ghanaian business delegation including the CEO of the Ghana Investment Promotion Centre (GIPC), Mawuena Trebarh are in the Peruvian capital, Lima to attend a business and investment forum in that country. According to a report by Andina, the Peruvian news agency, the forum would look at business and investment …

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ADB share offer activities put on hold

The Securities and Exchange Commission (SEC) says all activities relating to the Agricultural Development Bank (adb) share offer have been suspended until the determination of a petition before the Commission. The Commission said the decision followed the inability of the Board of Directors of ADB to approve the offer results …

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GOIL to raise GH¢155m in renounceable rights issue

Ghana Oil Company Limited (GOIL) the nation’s foremost indigenous oil marketing company has rolled out a financial strategy to raise GH¢155 million through a renounceable rights issue. As a result GOIL would issue 13,639,640 shares of no par value, and at a price of GH¢1.24 per share and in a …

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SIF to invest $3.1m to boost agribusiness in Ghana

The Social Investment Fund (SIF) is to provide $3.1 million in loans to boost agribusiness across 22 selected districts in the country. Mr. Joseph Acheampong, Executive Director of the Fund, said about 4,000 farmers, 40 per cent of them women, would benefit and that this was coming under its Integrated …

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GIPC launches 15th Ghana Club 100 awards

The Ghana Investment Promotion Centre (GIPC) has launched the 15th edition of the Ghana Club 100 (GC) Awards on the theme: “Manufacturing-Steering Ghana’s Development”, in Accra. The awards, which was launched by the GIPC in 1998 to serve as a benchmark for corporate excellence, has become an annual event, and …

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GIPC adjudged best Investment Agency in West, Central Africa

The Ghana Investment Promotion Centre (GIPC) has been adjudged the Best Investment Promotion Agency (IPA) in West and Central Africa in 2015. It was in recognition of its efforts towards investment promotion at the Annual Investment Meeting(AIM) 2016 Awards in Dubai. A press release issued in Accra and copied to …

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