Tag: GIPC
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GIPC to become one-stop-shop for investors
The Chief Executive Officer of the Ghana Investment Promotion Center (GIPC), Mr. Yofi Grant, has disclosed that his vision is to promote the GIPC as a strategic partner in Ghana’s development drive. Towards this effort, the agency will be rebranded as a one-stop-shop for investors. He said his outfit is geared to promote the country’s…
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Nigerian businesses want waivers for investments to Ghana
The Nigerian business community in Ghana wants government to honor its promise to grant waivers to foreign investors in the country. According to them, the waivers will help them establish new businesses in the country as well as expand already existing ones. The businesses further believe the move will fall in line with government’s plan…
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FDIs drop by 300 million dollars in 2016
Total Foreign Direct Investment (FDIs) to Ghana dropped by 300 million dollars in 2016. This is according to the Ghana Investment Promotion Centre (GIPC). The figure declined from the 2.7 billion dollars recorded in 2015 to 2.4 billion dollars in 2016. Meanwhile, total registered projects for the period increased by ten; from 170 to 180.…
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GIPC targets $ 5bn in FDIs to Ghana in 2017
The Ghana Investment Promotion Centre (GIPC) has set an ambitious 5 billion dollars target in Foreign Direct Investments to Ghana for 2017. The target is more than double the total FDIs recorded in 2016. The CEO of the GIPC, Reginald Yoofi Grant told Citi Business News he is highly optimistic of the targets considering the…
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Gov’t courts investors to sustain Komenda Sugar Factory
The CEO of the Ghana Investment Promotion Centre (GIPC), Reginald Yoofi Grant has stated that the NPP government will pursue programs aimed at sustaining the operations of the Komenda Sugar Factory. According to him, the government will continue to create the necessary conditions for the production of sugar and reduce the over reliance of imported…
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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…
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Reducing taxes will require more time – Ken Ofori Atta
Finance Minister Nominee, Ken Ofori Atta has told Citi Business News government will have to undertake a careful analysis of its tax cuts promise before it implements it anytime soon. According to him, modalities for implementing the NPP’s promise to cut down taxes will largely be outlined in the 2017 budget. “The tax cuts will…
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First phase of Accra Eco-park commences in 2018 – Lands Minister
Ghana has advanced plans to establish the first Eco-park in West Africa to attract tourists into the country. The first phase of the project, situated within the Achimota Forest zone in the Greater Accra region, is expected to commence in 2018 following the new law on wildlife conservation in 2012. According to the Lands and…
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Lake Bosomtwe is World Biosphere Reserve, Mole Park to follow
Ghana is hoping to pass the evaluation test to list the Mole National Park as a World Heritage Site. According to stakeholders, the complete listing of the facility will project Ghana ’s tourism prospects and attract huge investments into the tourism sector. The country’s permanent Delegate to UNESCO, H.E Johanna Odonkor Svanikier who disclosed…