News Headlines

Africa’s Development Tied to Value Addition- President

African economies should pursue value addition in their quest to industrialise, as the imperative would create the needed employment and improve the people’s living standards, President Nana Addo Dankwa Akufo-Addo has said.

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GIPC Records US$3bn Worth Of Projects in Q1

The Ghana Investment Promotion Center (GIPC) has, in the first quarter (Q1) of this year alone, registered more than US$3billion worth of projects.

The Centers' Q1 performance translates into 49 new registered projects out of which the Foreign Direct Investment (FDI) component of the estimated value of registered projects was US$2.95 billion with indigenous projects making up the rest.

Commenting on this performance, Chief Executive Officer of GIPC, Yofi Grant, said that the first quarter has been an exciting period for the GIPC following the initiation and commencement of some critical business-friendly policies and projects of the new political administration.

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Local Businesses Assured Of Government Support

Mr Ken Ofori-Atta, the Minister of Finance has assured the Small and Medium Enterprises (SMEs) of government’s support in various ways to harness their full potential.

In this direction, Mr Ofori-Atta said government would establish an Industrial Development Fund to finance critical initiatives of SMEs.

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Ghana Secures $15 Billion Chinese Funding For Transformation Agenda

China has pledged some $15 billion dollars to fund Ghana’s government’s massive economic transformation agenda, with the likelihood that a further four billion dollars would be committed for various development projects across the country.

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Government Targets Disapora Funds To Help Raise FDIs

The government wants to create a more conducive environment that will encourage Ghanaians living abroad to invest in the economy.

It is doing this by stabilising the currency, reducing the cost of electricity and strengthening the macroeconomic fundamentals.

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