Investment

First Fund, a short term investment scheme, closed the 2011 financial year with an annualised yield of 20.26 per cent despite general decline in yields of Government’s treasury bills and other money market securities. The Fund, which is…

Stanbic Bank Ghana Limited and Standard Bank of South Africa have concluded the signing of a $31.2 million Medium Term Loan Facility to partially finance a new commercial office and retail development at the Airport City in Accra. The two…

CAL Bank Ghana Limited, on Monday said it has reached definitive investment agreements, to raise GH¢75 million through a private placement. The new investments will raise CAL’s stated capital to GH¢100 million as mandated by the Bank’s…

Ecobank Ghana’s China Desk has recorded over $100 million investments, a year after it was formally launched on April 11, 2011. Disclosing this at its Annual General Meeting (AGM) in Accra April 27, 2012, Managing Director of Ecobank Ghana…

HFC Bank is expected to raise its stated capital to more than GH¢100 million by July 2012 to enable the financial institution compete strongly and favourably in the “challenging” banking industry. Mr Asare Akuffo, Managing Director of HFC…

Ghana is to host the maiden edition of West Africa Investment Conference in Accra, aimed at promoting the private sector in the sub region. The conference, scheduled for May 8-10, would identify different sources of investment capital, and…

A total amount of $48.2 billion was recorded as capital flows to sub-Sahara Africa in 2011, according to the latest World Bank report on the continent’s economy. The report, 'Africa’s Pulse', indicated that overall capital flows to…

Vice President John Dramani Mahama has said that Government would spend $250 million on the recapitalisation of the Korle-Bu Teaching Hospital in Accra. He said a chunk of the money would be used in acquiring medical tools and equipment…

The Public Investment Corporation (PIC) has announced that it will invest $250 million (R1.7 billion) in Ecobank Transnational Inc, a press release from the bank has said. According to the statement, the PIC will do the investment on…

Foreign direct investments (FDI) from African countries have fallen from $5 billion recorded in 2010 to $2.1 billion at the end of 2011, an investment monitor report released by the UN Conference on Trade and Development (UNCTAD), has…