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    BOST clarifies amount paid for iPhones bought for company executives

    Fuel prices to remain fairly stable at the pumps – COPEC

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    MIIF to invest an initial $32.9 million into Ghana’s first lithium mine

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    BOST clarifies amount paid for iPhones bought for company executives

    IMF hopeful Ghana will soon reach agreement with Official Credit Committee

    Fuel prices to remain fairly stable at the pumps – COPEC

    Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions

    2023 #CitiBusinessOlympics: Defending champions GCB retains title

    Check out some lively photos from 2023 #CitiBusinessOlympics

    #CitiBusinessOlympics: Citi TV/Citi FM applauded for well-organized event

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    FBNBank Ghana launches Akye promotion

    Transport owners and the missing NPA: who assured Sentuo to import BRVs?

    BOST clarifies amount paid for iPhones bought for company executives

    Fuel prices to remain fairly stable at the pumps – COPEC

    Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions

    Thousands to participate in 2023 #CitiBusinessOlympics today

    Vodafone Ghana’s commitment to SMEs shines at Business Runway 2023

    SMEs must incentivize staff to unlock full potential – Access Bank Board Chair

    Rock of the Future: Chairman of Atlantic Lithium Neil Herbert (l) presents a sample of Lithium ore to MIIF CEO Edward Nana Yaw Koranteng. Demand for Lithium is set to quadruple over the next ten years due to the accelera- tion in the production of Electronic Vehicles (EVs).

    MIIF to invest an initial $32.9 million into Ghana’s first lithium mine

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    Genius IT Foundation achieves STEM.org accreditation

    Pharmaceutical Society charged to utilize AI to transform industry

    Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go

    China launches $41 billion fund to accelerate semiconductor industry

    Digital marketing: Event managers urged to explore growth opportunities

    Govt. urged to commit more investments to enhance AI competencies

    Stakeholders in digital ecosystem charged to do more to protect child privacy

    Cyber hygiene key for public safety – Dr. Albert Antwi Boasiako

    Ban on cryptocurrency still in force – Finance Ministry warns

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    Nine ventures announced for Africa Money and DeFi Summit investment showcase

    African Union to launch regional credit rating agency in 2024

    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

    ECO currency challenges: Technical committee attributes delays to external shocks, others

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US Exim supports Ghana’s 1 district, 1 factory with $300m facility

byPius Amihere Eduku
April 27, 2019
in Business, Economy, Manufacturing, Top Stories
Share on FacebookShare on TwitterShare on Whatsapp

The Export-Import bank of the United States and the Ghana Export-Import Bank have signed an agreement to finance the export of US produced goods and services for Ghana’s “one district, one factory ” program.

The 300 million dollar loan facility from the US Exim bank will be given to qualified Ghanaian Small and Medium sized Enterprises (SMEs) operating under the government’s flagship program.

Addressing the gathering finance minister Ken Ofori Atta said the move is to show commitment in governments 1district, 1 factory program.

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“We are going to work extremely hard and this is sort of the mid-term in terms of our efforts to stabilize the economy…The more significant issue is that the beneficiaries are going to be industries around the country, decentralizing and have people use the resources from where they are to be able to add value to that. The expectation is that we may eventually be able to take advantage of AGOA in a sense and send goods to the US,” he remarked.

The framework agreement, which is currently in effect, was signed earlier in April.

The parties that witnessed the signing were EXIM Executive Vice President and Chief Operating Officer, Jeffrey Goettman and the CEO of Ghana EXIM Bank, Lawrence Agyinsam.

Meanwhile US ambassador to Ghana Stephanie Sullivan said her outfit will continue to support the government’s initiatives.

Among the numerous interventions to enhance industrialization in Ghana by the NPP administration is the establishment of a factory each in all the districts across the country.

In a recent interview on Citi TV, Deputy Minister of Trade and Industry, Robert Ahomka Lindsay indicated that a hundred and eighty one factories are at various stages of completion.

Mr. Lindsay added, forty-five (45) factories are operational; a hundred and thirty six (36) are at various stages of completion.

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BOST clarifies amount paid for iPhones bought for company executives

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