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Investment
Trade and Investment delegation from Belarus visits Ghana
A 20-member Belarusian trade and investment delegation led by the Senior Minister and Special assistant to the Belarusian President, General Viktor Sheimani, is paying a three-day visit to Ghana from May 10-12 to explore avenues for trade…
AngloGold Ashanti earns $203m in first quarter 2011
AngloGold Ashanti says it has recorded adjusted earnings of $203 million in the first quarter of 2011.
The gold miner also says it boosted cash flow from its operations after eliminating its hedge book last year to reap the full benefit of…
Tight monetary, fiscal discipline trigger increase in FDI to Ghana – IMF
The International Monetary Fund (IMF) says the increase in inflow of foreign direct investments to Ghana has been triggered by the country’s adoption of tight monetary and fiscal discipline.
The IMF attributed the increase in Ghana’s FDI…
EDIF Act to be amended to include agriculture – Minister
The Ministry of Trade and Industry (MOTI) will soon present to Parliament a proposal for the amendment of the Export Development and Investment Fund (EDIF) Act, to turn it into Export Development and Agricultural Investment Fund.
The…
Service sector has highest number as investors register 109 projects in Ghana valued at $378m
The Ghana Investment Promotion Centre (GIPC) says it has recorded 109 businesses with an estimated value of $378.44 million for the first quarter of 2011.
The service sector recorded the highest number of companies registered. There were…
Ghana to get $9.5m ferry project for Volta Lake
Ghana will soon get two ferries worth $9.5 million as part of the $547 million Millennium Challenge Compact (MCC) account from the US government.
The Millennium Development Authority (MiDA) which is the local implementation agent for the…
IGPC to invest $20m in agric sector
The International Grain Producing Company (IGPC), an international agricultural firm based in Canada, is to invest $20 million to boost the agricultural sector in Ghana.
The facility is to help maize and Soya bean farmers to increase their…
BoG tells local banks to consider mergers, acquisitions to meet GH¢60m capital base requirement
The Bank of Ghana (BoG) has advised local banks operating in the country to consider mergers, inter-bank acquisitions or enlistment on the stock market as ways of raising enough capital to meet the BoG’s capital base requirement of GH¢60…
Newmont Mining to invest over $300m in Akyem gold project
US mining giant, Newmont Mining Corporation says it will invest between $300 million and $375 million in its Akyem project in Ghana this year.
The Board of Directors of the company approved funding for the Akyem project last month March…
World Bank forecast $40.8b FDI to Sub-Saharan Africa in 2011
The World Bank estimates that at the end of 2011, foreign direct investments (FDI) into Sub-Sahara Africa will hit a record high of $40.8 billion.
Much of the value of FDI flows to the region is expected to go to the extractive industry…