Category: Invest In Ghana
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Raising money for your startup (In the African context)
Quite often founders ask me, “I need to raise money for my startup. Can you connect me to any of the investors in your network”? I always ask one question: “are you investment ready?” Quite often that question catches them off-guard or back-pedaling. “Yeah, I have a product/software I think will be great if I…
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Alan Kyerematen defends incentives and waivers for 1D,1F projects
Minister of Trade and Industry Alan Kyerematen insists government should actually be doing more than it currently is, when it comes to incentives and tax waivers for companies under the One District, One Factory program. This follows the Minority in Parliament’s complaint that the lack of details on the tax waivers and incentives under the…
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Economist lauds BOG’s directives on forex importation and exportation
A financial economist Dr. Lord Mensah has welcomed the Bank of Ghana’s(BoG) directives on the importation and exportation of foreign currency in and out of Ghana. The Central Bank in a notice to the general public has warned of serious repercussions for any person arriving in or departing from Ghana with undeclared amounts in excess…
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GIPC challenges BoG, insists its FDI figures published are correct
The Ghana Investment Promotion Center (GIPC) has described the recent calls for an interrogation of its Foreign Direct Investment (FDI) figures as very unfortunate. This comes after some stakeholders including Professor of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey as well as the Head of Research at the…
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Stakeholders want GIPC’s foreign direct inflows probed
Some stakeholders have called for an interrogation of the inflows from foreign direct investment reported by the Ghana Investment Promotion Center (GIPC). According to those raising issues with GIPC’s figures, the reported targets and actuals are somewhat misleading. GIPC for example set for itself a target of $10 billion dollars in foreign direct inflows for…
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Ghana’s debt stock increases by 21 percent in 2018
Figures released by the Bank of Ghana(BoG) in its latest Summary of Economic and Financial Data show that Ghana’s debt stock increased by 21.5 percent in 2018. By this, the country added 30.6 billion cedis to its debt stock in 2018. The debt stock at the end of 2017 stood at 142.6 billion cedis, increasing…
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Ban on tilapia import to boost local production
Fish farmers in Ghana are anticipating better prospects for the local fishing industry following the ban on the importation of all ornamental fishes and tilapia species. The ban, which took effect on July 1, 2018 is to control and prevent the spread of any virus. Players in the local fishing industry have in the past…
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GIPC targets increased investments with new online platform
Investors seeking to do business in Ghana should be saved the hassle in registering their operations with the Ghana Investment Promotion Centre (GIPC), effective next year. It will follow the creation of a one stop online platform to cater for such processes. The Principal Investment Promotion Officer at the GIPC, Frances Menyikoba Kyiamah disclosed the…
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Yoofi Grant appointed CEO of GIPC
The President Nana Addo Dankwa Akufo-Addo has appointed Mr. Yoofi Grant to act as CEO of the Ghana Investment Promotion Centre (GIPC), pending receipt of the constitutionally required advice of the governing council of the centre, given in consultation with the Public Services Commission.. He takes over from Mawuena Trebarh who occupied that position for…
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FDI drops by over 80% in 2016 third quarter
Foreign Direct Investments decreased by 83.33 percent for the third quarter of 2016, figures from the Ghana Investment Promotion Centre (GIPC) has shown. The FDIs dropped from 1.45 billion dollars in the second quarter of 2016 compared to the 241.17 million dollars for the third quarter of the same year. Similarly, the total initial capital transfers…