Category: Invest In Ghana
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Develop strong negotiation position to benefit from AfCFTA — TWN-Africa
Third World Network Africa (TWN-Africa), a Pan-African research and advocacy organization, has charged the government to focus on developing a strong negotiation position, in order to benefit from the African Continental Free Trade Agreement (AfCFTA). This comes a day after Ghana was selected as host country for the secretariat at the 12th African Union Extraordinary…
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GIPC signs MoU with Malta Enterprise to boost trade and investments in both countries
The Ghana Investment Promotion Centre (GIPC) has signed a Memorandum of Understanding (MoU) with Malta Enterprise, Malta’s economic development agency, tasked with attracting new foreign direct investment as well as facilitating the growth of existing operations. The MoU empowers both parties to set up a strategic think-tank composed of officers from both agencies and partnered…
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Yofi Grant woos diasporans to invest in Ghana
Ghanaians living abroad have been urged to take advantage of the opportunities in the economy by investing in it and establishing businesses as well. According to the CEO of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, the positive macroeconomic indicators in the country such as a drop in inflation over the years, a drop…
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‘Findings about supermarkets’ low retail of made in Ghana goods should inspire action’
The Ghana National Chamber of Commerce and Industry (GCCI) has called for a sustained effort by multiple stakeholders in the promotion of quality made in Ghana products. The comments follow recent research conducted by Konfidants, an international business advisory firm, which shows that goods manufactured locally are struggling to make it to the shelves of…
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Kwame Pianim calls for 30 percent increase in electricity tariffs
Economist and Investment Consultant, Kwame Pianim has called for a thirty percent increase in electricity tariffs to help in correcting the books of all players within the energy sector with regards to the legacy debts. The comment comes at a time where the Public Utility Regulatory Commission is expected to announce major tariff decisions for…
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Outgoing World Bank Country Director urges gov’t to improve ease of doing business
The outgoing World Bank Country Director, Henry Kerali, has challenged the government to among other things, prioritise the strengthening of the business environment in Ghana in order to better compete with other lower-middle-income countries. Ghana is currently ranked 114 among 190 economies in the ease of doing business, according to the latest World Bank annual rankings. In a…
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Be more vigilant to protect government’s revenue – Mining Stakeholders
Two former Chief Executive Officers of the Minerals Commission have warned that successive governments will continue to lose revenue from the mining sector if the appointment of directors to boards of mining companies continues to be politicized. The Vice President, Dr. Mahamudu Bawumia in May last year strongly indicated that government will not accept the…
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Stakeholders disappointed with low number of bids for new oil blocks
Stakeholders in the oil and gas sector have expressed their disappointment in the low number bids submitted for the 3 oil blocks put up for competitive bidding by the Government. At the close of the submission date for bidding yesterday, only 3 bids were submitted. Tullow Oil bid for block 3, ENI and Vitol jointly…
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Beneficial ownership register to be ready in 6 months — Registrar-General
The Registrar-General is still in the process of developing a beneficial ownership register which they say will be completed in the next six months. The register, when completed by the end of the year, will allow all stakeholders access to one single platform which will make business very smooth and easy to access. Speaking to…
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China to build US$20 billion ‘Industrial City’ in Central Region
ONEGO, an Investment Consulting Firm based in China, has begun negotiations with some key stakeholders to establish an ultra-modern industrial city in the Central Region. The city would be built on 10,000 to 25,000 acres of coastal lands with the capacity of accommodating more than 100 different manufacturing enterprises. It would have a minimum capacity…