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Investment
World Bank Board approves $250m for establishment of Development Bank of Ghana
The World Bank has announced the approval by its Executive Board of $250 million from the International Development Association (IDA) to support the establishment the Development Bank of Ghana (DBG).
In a press release copied to…
Ghana to benefit from US infrastructure support
Ghana is among 50 African countries to benefit from infrastructure support under the Millennium Challenge Corporation (MCC), a US foreign assistance agency and Africa50, an infrastructure investment platform.
Mr Sean Cairncross, the…
Ghana needs investment support in pharmaceutical sector – Minister
Mr Alan Kyeremanten, the Minister of Trade and Industry, has called for sustained investment support in the pharmaceutical sector in the country.
He said Ghana would need investment financing and joint ventures to upgrade existing…
COVID-19 hits global economy as FDI drops 49% in first half of 2020 – UNCTAD
The effects of the global pandemic, COVID-19 continues to be felt in the global economy as foreign direct investments recorded for the first half of 2020 fell 49 per cent compared to the same period in 2019.
According to the Global…
Ghana records $785.62m FDI in 2020 half year – GIPC
Ghana has recorded total investments of $869.47 million, with total Foreign Direct Investment (FDI) value amounting to $785.62 million between January to June 2020.
Mr Yofi Grant, the Chief Executive Officer of the Ghana Investment…
GIPC records 69 projects by end of June, 2020
The Ghana Investment Promotion Centre (GIPC) has recorded a total of 69 projects with an estimated value of $688.74 million, by the end of June 2020.
Out of the 69 projects, the services’ sector registered a majority of 25 projects…
Bawumia calls for investment in ICT and digital data collection tools
Vice President, Dr Mahamudu Bawumia, has urged African governments to invest in ICT infrastructure and digital data collection tools.
He, therefore, called on heads of national statistical offices to “work with the Economic…
ECOWAS Bank invests $2.9b in economies of member states
The ECOWAS Bank for Investment and Development (EBID) has invested $2.9 billion into the economies of member states.
Dr George Nana Agyekum Donkor, the President of the Bank, who announced this, said the investments were in line with the…
ECOWAS Bank for Investment and Development injects over $300m into Ghana’s economy
The ECOWAS Bank for Investment and Development says it has invested over $300 million into Ghana's economy.
Areas of investment, the bank said include, Energy, Trade, Technology, Tourism and hospitality industry.
Dr George Nana…
Golden Star Resources announces sale of Bogoso-Prestea Gold Mine for $95m
The mining company, Golden Star Resources has announced the sale of its Bogoso-Prestea Gold Mine.
In a press release copied to ghanabusinessnews.com Monday July 27, 2020, the company says it has entered into a binding agreement to sell…