Tag: Foreign Direct Investment
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Indian investors commit $14 billion to Nigeria, to strengthen several Nigerian sectors
Indian investors commit $14 billion to Nigeria, to strengthen several Nigerian sectors According to the Nigerian presidential spokesperson on Wednesday, Nigeria has received offers of about $14 billion from Indian investors and is seeking to sign an economic cooperation agreement with the South Asian country. Ajuri Ngelale, a spokeswoman, said in a statement that India’s…
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Ghana best place for business – Nana Addo woos UAE investors
President Nana Addo Dankwa Akufo-Addo is courting the support of investors in the United Arab Emirates (UAE) to consider Ghana as a destination of choice for investment. Nana Akufo-Addo says Ghana’s political stability and friendly environment make it an ideal place to invest. Speaking at the UAE-Ghana Investment Summit in Dubai, Nana Akufo-Addo said Ghana…
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FDI Inflows: Ghana is second highest recipient in West Africa
FDI flows to Ghana increased by 39% to $2.6 billion for the year 2021. According to the World Investment Report 2022, this placed Ghana second in West Africa, and seventh in Africa, in terms of FDI attraction. The rise in Ghana’s FDI flows was attributed to major projects in its extractive industries, which included; the…
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Prez charges GIPC to attract investments for Ghana’s post-covid recovery
President Nana Addo Dankwa Akufo Addo has urged the Ghana Investment Promotion Centre (GIPC) to canvas for the right investments to support Ghana’s post-Covid 19 recovery agenda. “We are emerging from a challenging global situation, the pandemic of COVID-19, and GIPC, the principal investment promotion agency for our country, has an enormous task ahead of…
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GIPC confident of achieving $3 billion FDI target for 2021
The Ghana Investment Promotion Centre (GIPC) is intensifying efforts to achieve its set target of US$3 billion worth of foreign direct investments for this year. According to the GIPC’s CEO, Yofi Grant, this will be done through partnerships with the country’s private sector. Ghana was ranked third in the whole of Africa with an FDI…
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Ghana records $2.6 billion in FDI for 2020 despite impact of COVID-19
The value of Foreign Direct Investments (FDI) inflows into the country increased to 2.6 million dollars in 2020 from the 1.1 million dollars recorded in 2019. This represents an increase of 139.06 percent of the total US$1,108.93 million FDI the country recorded in 2019. This is according to the latest data from the Ghana Investment…
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GIPC to revise incentive packages to boost foreign investment post COVID-19
The Chief Executive Officer of the Ghana Investment Promotion Centre, GIPC, Yofi Grant, says the agency is revising its incentive packages to encourage Foreign Direct Investments into the country post COVID-19. He says this will include offering incentives to foreign investors who will partner Ghanaians to build local capacity. While admitting that the novel coronavirus…
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Africa must use COVID-19 to accelerate development through AfCFTA – GIPC CEO
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC) Yofi Grant, is urging member countries of the African Continental Free Trade Area (AfCFTA ) to leverage on lessons from covid-19 to accelerate development though trade. Mr. Grant says Africa has the potential to become self-reliant and should be ready to embrace this misfortune…
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GIPC strategizes towards 10 billion dollars FDI target for 2020
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, says his outfit is putting in place the necessary strategies, as they work towards achieving their Foreign Direct Investment (FDI) target of $10 Billion dollars for the year 2020. “I seriously believe that the Ghana opportunity is almost limitless at this moment.…
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Platinum Properties’ Airport City Project doesn’t merit $23.9m tax waiver – Minority
The Minority in Parliament says government’s decision to grant a tax waiver of 23.9 million dollars to Platinum Properties Limited under the GIPC Act 2013(Act 865) is untenable. According the minority, the company which is undertaking the Pullman Accra Airport City Project does not deserve the tax exemption because the funding from the project is…