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Investment

Investment conference in Ghana in March

International Business Event Management Ghana Limited, in collaboration with the Ghana Investment Promotion Centre (GIPC) and other stakeholders, is to host a multi-sectoral conference in March, this year, for potential investors to the Ghanaian business terrain. The conference, dubbed: “Investing and Growing Your Business in Ghana- Challenges and Opportunities (IGB-Ghana …

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Investors cautioned against redeeming funds

The investing public in Kumasi has been cautioned against rushing to redeem funds invested in long-term stocks. Checks by Luv FM at a number of investment houses indicate a drive in the number of shareholders redeeming their funds. Majority of the investors are panicking about the depreciation in the value …

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Britain warns Ghana over inconsistent investment policy

The British High Commissioner in Ghana, Dr Nicholas Westcott, has said that the practice where incumbent governments disregard agreements signed with foreign investors by previous administrations can scare investors from coming into the country. Dr Westcott said this in Accra on Wednesday at a public lecture organised by the Public …

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Iran to invest in agriculture in Ghana

Mr. Seth Adjei-Baah, First Vice Chairman of Ghana National Chamber of Commerce and Industry (GNCCI) on Wednesday said the nation’s resources, fledging democracy and dynamic economy had made it Africa’s best destination for investment. “Gaining the world’s confidence with a peaceful political transition and a firm commitment to democracy has …

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Tullow Oil floats over 80 million shares to raise money for Ghana, Uganda projects

Tullow Oil, the largest stakeholder in Ghana’s Jubilee oil field, which is the largest oil field to be discovered in West Africa in the last 10 to 15 years has announced the placing of 80,431,796 new ordinary shares to raise funds to finance its Ghana and Uganda projects. In a …

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Nigerian company in Ghana to produce 1.5 million tonnes of cement

A Nigerian cement producing company in Ghana intends to produce 1.5 million tonnes this year. A Nigerian publication, Leadership Nigeria reports that Dangote Group which has sank $3.5 billion into its operations says it aims at producing 20 million tonnes of cement in 2010. The report quoted the company’s president …

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Indian pharmaceutical company pulls out of Ghana

An Indian pharmaceutical company that bought about 51% shares in a Ghanaian company has pulled out of the joint venture because it could not make inroads into the West African market as it had originally planned information available to ghanabusinessnews.com indicates. An official of the company, Alok J Saxena, director …

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Chinese investors to buy palm oil from Ghana

The Ajumako-Enyan-Essiam District is currently negotiating with some Chinese investors to establish a permanent oil market to purchase palm oil produced in the District. This follows the reactivation of the Onwane Oil Palm factory which is now in active production. The District Chief Executive (DCE), Mr Peter Light Koomson, made …

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Akwanor Royal Family woos investors

The Head of the Akwanor Royal Family of Ashalaja, in the Greater Accra Region, Mr Adams Adu Addy has appealed to businessmen who have purchased lands in the area for investments to feel free to develop them. He assured would be investors of the safety of their businesses since the …

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Minority Leader calls for right conditions for investment

The Minority Leader of Parliament, Mr Osei-Kyei Mensah-Bonsu, has called on government to initiate sound economic measures to support investment in the country. He said the prevailing conditions were unattractive to business transactions, citing high interest rate on loans, bad roads, high import duties and bureaucratic procedures by the Immigration …

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