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Investment

Ghana is suitable destination for investment – Chinese Entrepreneur

Mr. Ningquan Xu, the Managing Director of Sentuo Steel Limited, said on Tuesday that Ghana is highly suitable for investment ventures. “Apart from the fact that Ghanaians are very hard workers, there is also a lot of room for industrial development in Ghana,” he said. Mr. Xu was speaking to journalists …

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Mining company calls for action to protect investors

Owere Mines, a gold mining company operating in the Asante-Akim Central Municipality, battling with illegal miners for control of its concession, has called for the appropriate state institutions to act decisively to give protection to investors. Over 200 illegal miners have forcibly seized portions of the concession – briskly digging …

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Local chief urges government to find investments for cotton farmers

Richard Babini Kanton VI, the Paramount Chief of the Tumu Traditional Area, has said cotton farmers in the Upper West Region have been badly affected by OLAM Ghana’s withdrawal of operations in the area. Addressing the chiefs and people at the “Paari Gbelle” festival of the Tumu Traditional, the Kuoro Kanton, …

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Italian investors to construct mini dams in Volta Region

Italian investors from Ambiente Pressagio are expected to begin the construction of mini hydro dams on nine sites in the Volta Region. Togbe Afede XIV, the President of the Volta Regional House of Chiefs, announced this at the first general meeting of the House for this year. A mini hydro …

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More people lodge complaints against DKM, other microfinance operators

The Police say more people are lodging complaints in the case of the four Micro Finance Operators. As a result, prosecution prayed an Accra Circuit Court to grant them time to expand their investigations into the matter. DSP Abraham A. Annor told the court when four micro finance operators appeared …

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Need to review African states’ bilateral investment treaties – ECA

The UN Economic Commission for Africa (ECA) says reviewing bilateral investment agreements in Africa, most of which favour investors and leave little to show for African states, will offer better value and more meaningful investment for African states. A recent study by the ECA “Investment Policies & Bilateral Investment Treaties …

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US invests $145m in Ghana through USAID to aid economy – Ambassador

Mr Robert Jackson, United States of America (US) Ambassador to Ghana, on Thursday said that the US government through the United States Agency for International Development (US AID) has invested $145 million in Ghana to aid socio-economic transformation. He said more than half of the amount was being invested in …

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Italian Business Association to be launched in Ghana

The Italian Business Association is to launch its Ghana chapter on Wednesday, March 16, in Accra. The launch, which is expected to be attended by ministers, chief directors, diplomats and business associates among others, is aimed at creating a platform for cultural, economic and trading opportunities between Italy and Ghana. …

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Lower crude oil price cause of lower FDI to Ghana – Economic Analyst

The fall in foreign direct investments (FDI) to Ghana is as a result of the lower crude oil price and power supply challenges during the past year. Mr Courage Kingsley Martey, Senior Economic Analyst at Databank, said the situation has eroded confidence in the Ghanaian economy. He said other emerging …

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Commission gives Agricultural Development Bank IPO extension

The Agricultural Development Bank Limited has announced that the Securities and Exchange Commission has granted the institution an extension to its Initial Public Offer. The offer period was supposed to have ended on Friday, February 26, 2016, but as a result of extension, the offer period would now end on …

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