News Headlines

General Electric to produce 1000MW power

American multinational conglomerate, General Electric (GE) is to build a 1000-megawatt (MW) thermal power plant in Ghana.

The plant, which will be pow­ered by gas, will take five years to complete. However, the first phase of the project is expected to be completed by September 2016 and will add 360MW power to the national grid.

Ghana presently has installed generation capacity of about 2,412 megawatts and dependable genera­tion capacity of 2,125 MW. Chief Executive Officer (CEO) of GE Ghana, Mr Leslie Nelson was quoted as saying that GE will on Tuesday, May 6, 2014 sign a Memorandum of Under­standing (MoU) with the Ministry of Energy to commence the proj­ect. 

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Govt supports Symbion to generate 100mw power early 2015

US energy firm Symbion Power has been urged to accelerate its 450 megawatts gas to electricity project to ensure that at least the first 100 megawatts of power is available in early 2015 to help stem the recurring power shortfalls in the country.

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Proclamations of Prospects Alone Won’t Excite Investors-GIPC

Mr Kofi Sakyiama Antiri, Director, Research and Investment Development Division of the Ghana Investment Promotion Centre (GIPC) has observed that blanket proclamations of investment prospects alone would hardly excite anyone.

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GIPC advises businesses to develop company profiles


Takoradi, April 2, GNA Dr. Peter Ankrah, Chief Operating Officer of the Ghana Investment Promotion Council (GIPC) on Tuesday called on local businesses to develop company profiles and call cards, to make it easy for international companies to access their businesses.

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GIPC and Qingdao Bureau of Commerce sign MOU

The Ghana Investment Promotion Centre (GIPC) and Qingdao Bureau of Commerce, the Investment Promotion Centre of Qingdao Municipal Government, have signed a Memorandum of Understanding (MOU) to deepen trade and investment exchanges between the two agencies. Both organisations will foster strategic partnerships with the aim to develop mutual cooperation between the two agencies and offer a platform for businesses of Ghana and China.

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