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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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Ghana puts brakes on utility-scale solar with temporary cap of 150MW – Report

Ghana has put the brakes on its utility-scale solar market by establishing a temporary cap of 150MW, according to a report by PV Tech. The publication indicates that individual projects seeking for support under Ghana’s solar feed-in tariff (FiT) are to be restricted to a maximum of 20MW within that …

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Japan supports Ghana’s rice sector with $2.5m – Report

The Japanese government is supporting Ghana’s rice sector with agricultural machinery worth $2.5 million, according to the website, oryza.com. The publication citing local sources said the financing is under a Grant Assistance. The machinery to be donated are made up of 77 agricultural tractors with matching implements, 49 power tillers, …

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Ghana seeks $12b to $30b for light rail and inter-city link in Accra, Kumasi

Ghana is developing a proposal to seek $12 billion to $30 billion for a light rail line in Accra and an inter-city link in Kumasi. A report by the Railway Gazette cites New York investment bank Chesterfield Faring saying the Minister responsible for Public-Private Partnerships (PPP), Rashid Pelpuo has appointed …

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Republic Bank says HFC takeover bid likely to succeed

Republic Bank Limited says it is likely to acquire the minimum 50.1 per cent stake necessary for the takeover of HFC Bank come the end of the offer period on May 7. The Bank said its hope is based on significant positive investor feedback on the offer. Speaking at a …

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IMF Ghana programme summary for $918m facility

On April 3, 2015, the International Monetary Fund (IMF) Executive Board approved a $918 million credit facility for Ghana. According to the IMF the three-year arrangement under the Extended Credit Facility (ECF) for Ghana is in support of country’s medium-term economic reform programme. The IMF outlines a summary of the …

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IMF Ghana $918m facility to restore debt sustainability

The Executive Board of the International Monetary Fund (IMF) says the three-year arrangement under the Extended Credit Facility (ECF) it has approved for Ghana is aimed at restoring the country’s debt sustainability. The Fund says it would also restore macroeconomic stability to foster a return to high growth and job …

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