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Investments and application of technology said to be crucial for agriculture

Mr Festus Kwadzokpo, Capacity Building Coordinator of US Agency for International Development (USAID) Feed the Future Agriculture Support Project, has said enhanced investment, institutional coordination and application of science and technology in agriculture was crucial for the growth of the economy. Mr Kwadzokpo said this at a public education and …

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Nordea Capital launches Income Growth Fund

Nordea Capital Limited, a privately owned investment banking firm, on Wednesday launched its mutual fund, the Nordea Income Growth Fund, with the goal to preserving and enhancing shareholder value. The Fund is initially offering 500,000 Shares to the public at a cost of 20Gp per share between February 25, 2015 …

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USAID reserves $500,000 grant for Ghana agriculture

The USAID-Financing Ghanaian Agriculture Project (USAID-FinGAP) says it has reserved an amount of $500,000 as grant to the Eximguaranty Company Ghana Limited (Exim Ghana). The grant it says, would be used to subsidize the cost of credit guarantee premiums on loans from financial institutions to agribusinesses in the rice, maize …

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AngloGold Ashanti concludes transition of loss-making Ghana mine

Miner, AngloGold Ashanti says it has completed the transition of its loss-making Obuasi mine in Ghana. In a news release announcing its fourth quarter 2014 results, issued February 23, 2015 and copied to ghanabusinessnews.com, AngloGold Ashanti indicated that it has ceased underground production at the mine and it is now …

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Ghana negotiates $30m financing for roads with World Bank – Minister

Minister of Roads and Highways, Alhaji Inusah Fuseini says the government is negotiating for $30 million to develop some roads in the country. According to the Minister, the ministry was negotiating with the World Bank for a new Transport Sector Investment Project to bring in about $30 million to develop …

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German tax payers commit €157m in two years to support Ghana

In pursuit of its international development cooperation aims, the German government committed a total of €157.7 million to support development activities in Ghana. The amount was given in two years; 2012 to 2014, according to a press release from the German Embassy issued in Accra Tuesday February 3, 2015 and …

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Ghana government asked to reinvest real estate VAT into properties

Proceeds from a newly introduced VAT on real estate should be reinvested in Ghana’s property sector to subsidise affordable housing, according to some stakeholders in the industry. The Government, in its 2015 Budget and Economic Statement, announced the real estate tax, which is set to be pegged at five per …

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Ghana government to establish GH¢1.5b infrastructure development fund soon

The Minister of Trade and Industry, Dr. Ekow Spio-Garbrah says the GH¢1.5 billion Ghana Infrastructure Development Fund that was proposed in the 2015 Budget Statement would be established soon. He did not state a specific timeline. He noted that this fund would be used to facilitate trade and industry, according …

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MASLOC disburses GH¢153 million since beginning – CEO

The Microfinance and Small Loans Centre (MASLOC) has since its inception disbursed over GH¢153 million its CEO says. Mrs Christine Sedinam Tamakloe Attionu, Chief Executive Officer of MASLOC, said the centre was inaugurated in September 2006 with an overall goal of assisting the government to reduce poverty by providing financial …

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Northern Ghana Entrepreneurship and Investment Conference opens

The Second Northern Ghana Entrepreneurship and Investment Conference, is underway in Tamale, with the aim to create a platform to promote business and investment opportunities in the Northern Region. The two-day event, is being attended by business owners, operators of small and medium-scale enterprises (SMEs), and officials from public sector organizations, …

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