Tag: GIPC
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MTN launches IPO next Tuesday
MTN will launch its Initial Public Offering (IPO) next week Tuesday, May 29, 2018. The exercise is to allow the public access to own a part of the telecom company. Following the completion of the process, the public will have access to thirty-five percent ownership in MTN. The decision to allow public ownership, forms part…
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Nigerian businesses lament ‘inaccessibility’ to Ghana’s market
As Ghana and Nigeria work to deepen their trade and bilateral relationships, some Nigerian businesses seeking to operate in Ghana, have appealed for coordinated regulations to facilitate their expansion. The businesses who consider Ghana as a haven for their investments believe such conditions should expedite their growth. One of such businesses is the Chikason Group…
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Dr. Nduom backs GUTA’s opposition to ‘new’ GIPC laws
Businessman and Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom has declared his support for the Ghana Union of Traders Association (GUTA) over the latter’s resistance to proposed amendments to the GIPC’s laws. According to Dr. Nduom, the move has the likelihood to put local businesses at a disadvantage if not checked properly. Citing some…
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GUTA demands consultation in review of GIPC law
The Ghana Union of Traders Association (GUTA) is demanding the implementation of the Ghana Investment Promotion Council (GIPC’s) law on protecting local enterprises as the Centre works to review aspects of its laws. According to the association, the development which in its view has been given little attention over the years, has affected local businesses…
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New GIPC laws to reach cabinet within first quarter – CEO
The Ghana Investment Promotion Centre (GIPC) has told Citi Business News it should submit a draft on its proposed new regulations to cabinet by the end of the first quarter this year (2018). According to the Center, it has already engaged key stakeholders on some reforms to be rolled out in the new law. The…
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GIPC gets tough on forgery of documents
The Ghana Investment Promotion Centre (GIPC) has disclosed that it has strengthened its monitoring to clamp down on businesses that forge documents in the registration of their operations. The Centre is currently pursuing some of such cases in court which may lead to the prosecution of persons found culpable. Though the issue has largely been…
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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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MTN is 2nd best company in Ghana Club 100
MTN has been named as the second best company in Ghana for this year’s Ghana Club 100. The telecom company assumed the position after a vigorous exercise which ranked the various organizations that entered the competition based on some selected criteria. In addition to being adjudged the second best company for this year, MTN also…
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Newmont tops Ghana Club 100 rankings
Newmont Golden Ridge Limited has been crowned as the number one company at this year’s edition of the Ghana Club 100 awards. The company beat off competition from over ninety other companies to assume the coveted position. This is the second time the mining company has assumed the coveted position. Aside winning the topmost award…
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Investors to defy Ghana’s drop in doing business ranking
An investment analyst, Mahama Iddrisu has told Citi Business News investments into Ghana would be least affected despite the country’s drop in the ease of doing business ranking. The 2018 ease of doing business report by the World Bank has ranked Ghana 120th out of 190 economies surveyed. According to the report, Ghana dropped twelve…