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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

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    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Farmers worried about possible unfair distribution of MoFA machines

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    Our cars to sell for cheaper soon- locally assembled automobile companies

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

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    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

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Invest in Africa pushes for local mining investment

bycitibusinessnews
July 22, 2014
in Business, Mining
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Invest in Africa, an investment Consortium, is charging government to identify a number of local budding companies in the extractive industries to extend some support to them to become global giants.

Ghana, for several decades, despite its gold mines and other resources cannot boast of indigenous global giants in the mining industry.

Country Manager for Invest in Africa, Sam Brandful tells Citi Business News in addition to government creating an enabling environment for businesses to thrive they have to identify and support some of them that have potential to grow to become global giants.

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“We talk about how South East Asia, the Asian tigers have grown and so on. There is evidence to show that there was concentrated effort on the part of their government to build up local companies.”

According to him “Government must identify those who have the potential and give them all the support that they require to grow.”

Sam Brandful however noted that businesses will still need to exhibit their potential to attract support.

“Of course it must be reciprocal, we must see that, as the support from government is being channeled to them, they are indeed also growing in terms of employment and the ability to actually undertake the work, project that they are required to do” he said.

Invest in Africa focuses on supporting local Ghanaian businesses by providing greater access to finance, skills and markets, making it easier for international companies working in Ghana to source locally and at a large scale.

Invest in Africa is supported by an increasing number of partners made up of Tullow Oil, Ernst & Young, Lonrho and Ecobank as global partners; while GIPC, AGI, UT Bank, Guinness Ghana Breweries Limited (GGBL) and AB & David Law make up the group of local partners.

By:  Kwaku Anim Boadu/citifmonline.com/Ghana

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